v3.26.1
CONVERTIBLE DEBT
3 Months Ended
Mar. 31, 2026
CONVERTIBLE DEBT  
CONVERTIBLE DEBT

NOTE 9 – CONVERTIBLE DEBT

 

As of March 31, 2026 and December 31, 2025, The Vault Holding Corporation (“Vault”), a wholly-owned subsidiary of the Company, issued Convertible Notes that amounted to $167,270 and $0, respectively. The principal and any accrued interest of the Convertible Notes have a per share conversion price of $11.00 into the common stock of the Vault and bear a 7% annual interest rate, compounded calendar quarterly. At March 31, 2026 and December 31, 2025, accrued interest of $1,841 and $0, respectively was recorded. The notes issued are due three years from the date of issuance or earlier if converted to common stock of the Vault. Due dates range from January 2029 through March 2029.