| Schedule of Future Maturities of EIDL Term Debt |
Future
maturities of Economic Injury Disaster Loans as of December 31, 2025, were as follows:
| | |
December 31, | |
| Economic
Injury Disaster Loans-Future Maturities | |
2025 | |
| 2026 | |
$ | 5,900 | |
| 2027 | |
| 5,900 | |
| 2028 | |
| 5,900 | |
| 2029 | |
| 5,900 | |
| 2030 | |
| 5,900 | |
| 2031 | |
| 5,900 | |
| Thereafter | |
| 605,827 | |
| Total | |
$ | 641,227 | |
|
| Schedule of Total Notes Payable |
payable as of December 31, 2025 and December
31, 2024 were as follows:
| | |
December 31, | | |
December 31, | |
| Notes
Payable | |
2025 | | |
2024 | |
| Senior
secured promissory note (SSPN) #1 | |
| | | |
$ | 106,192 | |
| Senior
secured promissory note #2 | |
| | | |
| 1,316,000 | |
| Senior
secured promissory note #3 | |
| | | |
| 468,000 | |
| Promissory
note payable | |
| | | |
| 148,724 | |
| Senior
secured convertible note | |
| 5,818,000 | | |
| - | |
| Economic
injury disaster loans (EIDL) | |
| 641,227 | | |
| 647,630 | |
| Acquisition
Settlement Agreement | |
| 833,333 | | |
| 976,190 | |
| Total
notes payable | |
$ | 7,292,560 | | |
$ | 3,662,736 | |
| | |
| | | |
| | |
| Current
portion: | |
| | | |
| | |
| Less:
current portion-SSPNs | |
| | | |
| (1,890,192 | ) |
| Less:
current portion-Promissory note payable | |
| | | |
| (148,724 | ) |
| Less:
current portion-EIDL | |
| (5,900 | ) | |
| (5,900 | ) |
| Acquisition
Settlement Agreement | |
| (142,857 | ) | |
| (142,857 | ) |
| Notes
payable, net of current | |
$ | 7,143,803 | | |
$ | 1,475,064 | |
|