NOTE 6. PROMISSORY NOTE AND INTEREST

On July 20, 2022, the Company entered into a 2-year promissory note of $13,000 with a related party to finance the acquisition of patent licenses used in its drone business. On July 20, 2024, the promissory note was extended with a maturity date of July 17, 2027. The promissory note bears interest of 12%.

During the three months ended March 31, 2025, related interest expense of $385 was recorded as finance cost. During the three months ended June 30, 2025, related interest expense of $389 was recorded as finance cost. For the six months ended June 30, 2025, total interest expense on the promissory note was $774.