v3.26.1
Notes Payable – Stockholders
12 Months Ended
Dec. 31, 2025
Notes Payable - Stockholders [Abstract]  
NOTES PAYABLE - STOCKHOLDERS

NOTE 7 - NOTES PAYABLE - STOCKHOLDERS

 

These notes payable have no formal repayment terms and $370,000 of the notes bear interest at 10% per annum and the remaining $225,000 of the notes bear interest at 20% per annum.

 

The notes payable are recorded as a current liability as of December 31, 2025 and 2024 in the amount of $595,000. Interest accrued on the notes as of December 31, 2025 and 2024 was $526,652 and $443,952. Interest expense, including accretion of discounts, and warrants issued related to these notes payable was $82,700 and $82,927 for the years ended December 31, 2025 and 2024.