The
amortized cost of the Convertible Note consisted of the following:
SCHEDULE
OF AMORTIZED COST OF THE CONVERTIBLE NOTE
| | |
| | |
| Convertible Note Principal- Issued in November
2024 | |
$ | 1,635,000 | |
| Debt issuance discount | |
| (135,000 | ) |
| Debt discount of fair value for pre-delivery Shares | |
| (1,499,150 | ) |
| Interest accrued in 2024 | |
| 11,970 | |
| Convertible Notes Principal and accrued interest as of
December 31, 2024 | |
| 12,820 | |
| Interest accrued in 2025 | |
| 40,137 | |
| Accrued interest paid upon conversion | |
| (52,107 | ) |
| Debt principal paid upon conversion | |
| (1,635,000 | ) |
| Amortization of debt discount upon conversion | |
| 1,634,150 | |
| Convertible Notes Principal and accrued interest as of
December 31, 2025 | |
$ | - | |
|