v3.26.1
Convertible Promissory Note
3 Months Ended
Mar. 31, 2026
Convertible Promissory Note  
Convertible Promissory Note

7. Convertible Promissory Note

 

Convertible promissory note consist of the following at March 31, 2026 and December 31, 2025:

 

Schedule of Convertible Debt 

  

March 31,

2026

   December 31,
2025
 
Convertible promissory note  $20,000    20,000 
Accrued interest   26,137    26,137 
Total principal and accrued interest (all current)  $46,137   $46,137 

 

On November 5, 2018, the Company completed the acquisition of Incumaker, Inc. and assumed certain outstanding convertible notes payable. At December 31, 2025, there was one remaining assumed convertible note payable outstanding that matured July 2017. The Company continues to be unsuccessful in reaching the Note holder to remit payment in full. At December 31, 2025, the principal balance of $20,000 and accrued interest of $26,137 are convertible at $1.50 per share into 30,758 shares of the Company’s common stock. At March 31, 2026, the principal balance of $20,000 and accrued interest of $26,137 are convertible at $1.50 per share into 30,758 shares of the Company’s common stock.