15.CONVERTIBLE NOTE PAYABLE 

On November 24, 2023, the Company issued a promissory note in the amount of $2,000,000, convertible at the election of the holder into shares of common stock at an exercise price of $4.80 post reverse split, with a maturity date of November 24, 2026. The note has a term of thirty-six months and bears interest at a rate of 9% per annum payable semi-annually, with any outstanding interest and principal due on maturity. On April 30, 2024, the note holder elected to convert the accumulated interest as of December 31, 2023, totaling $18,247 to 3,802 shares of common stock, and on June 30, 2024, elected to convert the accumulated interest from January 1, 2024 to June 30, 2024, totaling $89,260 to 18,596 shares of common stock. The table below sets forth the amount of the note as of December 31: