v3.26.1
CONVERTIBLE DEBENTURE
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
CONVERTIBLE DEBENTURE

Note 3 – Convertible Debentures

 

Convertible debentures transactions are summarized as follows

 

Principal  As of
March 31, 2026		   As of
December 31, 2025		 
Balance, beginning of period  $1,635,000   $1,410,000 
Additions   -    225,000 
Balance, end of period   1,635,000    1,635,000 
           
Debt issuance cost          
Balance, beginning of period   54,000    97,000 
Additions   -    10,000 
Amortization   (13,000)   (53,000)
Balance, end of period   41,000    54,000 
           
Net book value  $1,594,000   $1,581,000 

 

Financing cost for convertible debentures amounted to $54,000 and $49,000 for the three months ended March 31, 2026 and 2025, respectively, of which $27,000 of the $49,000 was capitalized as data center campus cost.