v3.25.2
CONVERTIBLE PROMISSORY DEBENTURES (Tables)
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
SCHEDULE OF CONVERTIBLE NOTES PAYABLE

Convertible notes payable consisted of the following:

 

Note Holder/Original Issuance Date  Maturity Date 

Cash

Received

  

Outstanding Balance as of

June 30, 2025

   Outstanding Balance as of December 31, 2024 
Osher Capital Partners LLC                  
January 28, 2020 (“Note 1”)  August 31, 2025  $350,005   $620,553   $620,553 
June 22, 2022 (“Note 2”)  August 31, 2025   75,000    103,745    103,745 
August 31, 2022 (“Note 2”)  August 31, 2025   100,000    135,520    135,520 
September 20, 2022 (“Note 2”)  August 31, 2025   100,000    135,520    135,520 
October 20, 2022 (“Note 2”)  March 31, 2025   100,000    127,000    127,000 
November 14, 2022 (“Note 2”)  March 31, 2025   50,000    64,350    64,350 
December 22, 2022 (“Note 2”)  March 31, 2025   100,000    125,000    125,000 
July 18, 2023 (“Note 3”)  August 31, 2025   60,000    72,600    72,600 
December 7, 2023 (“Note 3”)  August 31, 2025   40,000    48,400    48,400 
May 13, 2024 (“Note 4”)  May 13, 2025   35,000    40,000    40,000 
August 19, 2024 (“Note 4”)  August 19, 2025   7,500    8,250    8,250 
November 19, 2024 (“Note 4”)  November 19, 2025   8,000    8,800    8,800 
April 15, 2025  April 15, 2026   20,000    22,000    - 
                   
Brio Capital Master Fund, Ltd.                  
March 23, 2022 (“Note 2”)  August 31, 2025   100,000    142,960    142,960 
November 9, 2022 (“Note 2”)  August 31, 2025   75,000    101,640    101,640 
January 20, 2023 (“Note 3”)  March 31, 2025   50,000    62,500    62,500 
February 9, 2023 (“Note 3”)  March 31, 2025   50,000    62,500    62,500 
July 20, 2023 (“Note 3”)  August 31, 2025   40,000    48,400    48,400 
January 8, 2024 (“Note 4”)  January 8, 2025   40,000    44,000    44,000 
May 13, 2024 (“Note 4”)  May 13, 2025   35,000    40,000    40,000 
August 20, 2024 (“Note 4”)  August 20, 2025   11,500    12,650    12,650 
November 19, 2024 (“Note 4”)  November 19, 2025   8,000    8,800    8,800 
April 23, 2025  April 23, 2026   10,000    11,000    - 
                   
Various third-party noteholders                  
Various dates in fiscal
2024 (“Note 4”)		  November 19, 2025   650,890    8,800    8,800 
Various dates in fiscal
2025 (“Note 5”)		  Through June 2026   50,000    55,000    - 
FY 2025 Regulation D  Primarily January 9, 2026   345,197    379,717    - 
Total convertible notes payable     $2,511,092   $2,489,705   $2,021,988 
Original issue discount           (62,874)   (117,868)
Debt discount           (118,845)   (12,384)
                   
Total convertible notes payable          $2,307,986   $1,891,736 
SCHEDULE OF PRINCIPAL PAYMENTS DUE ON CONVERTIBLE PROMISSORY DEBENTURES

Principal payments on convertible promissory debentures are due as follows:

 

Year ending December 31,    
2025 (excluding the six months ended June 30, 2025)  $2,401,705 
2026   88,000 
Long-Term Debt  $2,489,705 
SCHEDULE OF CHANGES IN CONVERTIBLE NOTES

Changes in convertible notes were as follows:

 

   Note 1   Note 2   Note 3   Note 4   Reg D   Note 5   Totals 
Convertible notes payable as of December 31, 2023  $864,136   $1,379,500   $264,000   $-   $-   $-   $2,507,636 
                                    
Convertible notes payable issued in 2024   56,416    97,655    30,400    879,029    -    -    1,063,500 
Conversion of debt for common stock   (299,999)   (541,419)   -    (707,730)   -    -    (1,549,148)
Convertible notes payable as of December 31, 2024  $620,553   $935,736   $294,400   $171,299   $-   $-   $2,021,988 
                                    
Convertible notes payable issued in 2025   -    -    -    -    379,717    88,000    467,717 
Convertible notes payable as of June 30, 2025  $620,553   $935,736   $294,400   $171,299   $379,717   $88,000   $2,489,705 
SCHEDULE OF CHANGES IN NOTE DISCOUNTS

Changes in note discounts were as follows:

 

   Note 1   Note 2   Note 3   Note 4   Reg D   Note 5   Totals 
Note discounts as of December 31, 2023  $114,995   $100,810   $81,532   $-   $-   $-   $297,337 
                                    
Note discounts issued in conjunction with debt in 2024   56,414    97,657    30,400    487,771    -         672,242 
2024 accretion of note discounts   (129,214)   (145,792)   (95,981)   (468,340)   -         (839,327)
Note discounts as of Dec 31, 2024  $42,195   $52,675   $15,951   $19,431   $-   $-   $130,252 
                                    
Note discounts issued in conjunction with debt in 2025   -    -    -    -    165,500    53,360    218,860 
2025 accretion of note discounts   (27,975)   (38,120)   (11,335)   (10,840)   (72,061)   (7,062)   (167,393)
Note discounts as of June 30, 2025  $14,220   $14,555   $4,616   $8,591   $93,439   $46,298   $181,719 
                                    
Convertible notes payable, net, as of Dec 31, 2024  $578,358   $883,061   $278,449   $151,868   $-   $-   $1,891,736 
Convertible notes payable, net, as of June 30, 2025  $606,333   $921,181   $289,784   $162,708   $286,278   $41,702   $2,307,986 
                                    
2024 Effective interest rate   21%   16%   33%   273%   -%    -%    42%
2025 Effective interest rate   5%   4%   4%   6%   19%   8%   7%