| | |
Schedule of outstanding
balance of convertible notes payable | |
| |
|
| | |
| |
December 31,
2025 | |
December 31, 2024 |
| | |
| |
| |
|
| A. | |
Convertible note payable to an investor with interest at 12% per annum, convertible at any time into shares of common stock at the lowest VWAP or $0.001 per share. The note is secured by substantially all the assets of the Company. | |
$ | – | | |
$ | 205,000 | |
| | |
| |
| | | |
| | |
| D. | |
Convertible note payable to an investor with interest at 12% per annum, convertible at any time into shares of common stock at the lowest VWAP or $0.001 per share. The note is secured by substantially all the assets of the Company. | |
| – | | |
| 50,000 | |
| | |
| |
| | | |
| | |
| E. | |
Convertible note payable to a related party with interest at 12% per annum, convertible at any time into shares of common stock at $0.0006 per share. Interest is payable. The note is secured by substantially all the assets of the Company. | |
| – | | |
| 125,000 | |
| | |
| |
| | | |
| | |
| G. | |
Convertible note payable to an investor with interest at 10% per annum, convertible at any time into shares of common stock at $0.0006 per share. Note was issued as payment for future fees to be incurred under the related Equity Financing Agreement. Principal and interest due on maturity on April 29, 2026. The note is secured by substantially all the assets of the Company. | |
| 13,942 | | |
| 13,942 | |
| | |
| |
| 13,942 | | |
| 393,942 | |
| | |
Less current portion | |
| (13,942 | ) | |
| (138,942 | ) |
| | |
Long term portion | |
$ | – | | |
$ | 255,000 | |