| Schedule of Convertible Notes Payable |
Convertible Notes Payable consisted
of the following:
| | |
March 31, | | |
December 31, | |
| | |
2026 | | |
2025 | |
| | |
| | |
| |
| Tranche 1: February 10 2025 | |
$ | 555,555 | | |
| 555,555 | |
| Tranche 2: February 27 2025 | |
| 1,111,111 | | |
| 1,111,111 | |
| Tranche 3: March 28 2025 | |
| 1,666,666 | | |
| 1,666,666 | |
| Tranche 4: August 1, 2025 | |
| 833,333 | | |
| 833,333 | |
| Total Convertible Debt | |
| 4,166,665 | | |
| 4,166,665 | |
| Less: Debt Discount | |
| (501,596 | ) | |
| (900,198 | ) |
| Total Convertible Notes Payable | |
$ | 3,665,069 | | |
| 3,266,467 | |
|
| Schedule of Debt Discount |
Debt discount is calculated as follows:
| | |
March 31, 2026 | | |
December 31, 2025 | |
| | |
| | |
| |
| Initial calculation | |
| | |
| |
| Original Issuance Discount | |
$ | 416,665 | | |
$ | 416,665 | |
| Commitment Fees | |
| 750,000 | | |
| 750,000 | |
| Derivative | |
| 800,560 | | |
| 800,560 | |
| Total Debt Discount | |
| 1,967,225 | | |
| 1,967,225 | |
| Less: Amortization of Debt Discount | |
| -1465629 | | |
| (1,067,027 | ) |
| Total Debt Discount | |
$ | 501,596 | | |
$ | 900,198 | |
|