Notes Payable (Tables)
|
3 Months Ended |
Mar. 31, 2026 |
|---|
| Notes Payable [Abstract] |
|
| Schedule of Convertible Notes |
The balance of the convertible notes as of March
31, 2026, and December 31, 2025, is as follows:
| |
|
March 31, |
|
|
December 31, |
|
| |
|
2026 |
|
|
2025 |
|
| Convertible notes payable |
|
$ |
47,452 |
|
|
$ |
47,452 |
|
| Less: Discount |
|
|
- |
|
|
|
- |
|
| Convertible notes payable, net |
|
$ |
47,452 |
|
|
$ |
47,452 |
|
|
| Schedule of Promissory Notes |
The balance of the promissory notes as of March
31, 2026, and December 31, 2025, is as follows:
| | |
March 31, | | |
December 31, | |
| | |
2026 | | |
2025 | |
| Notes payable, net | |
$ | 19,447,931 | | |
$ | 19,097,931 | |
| Notes payable-related parties | |
| 7,800 | | |
| 7,800 | |
| Notes payable, net of current portion | |
| 1,999,999 | | |
| 1,999,999 | |
| | |
| 21,455,730 | | |
| 21,105,730 | |
| Less: Discount | |
| (1,516,055 | ) | |
| (2,213,952 | ) |
| Promissory notes payable, net | |
$ | 19,939,675 | | |
$ | 18,891,778 | |
|
| Schedule of Fair Values of the Embedded Convertible Notes Derivatives and Tainted Convertible Notes |
The Company determined the fair values of the
embedded convertible notes derivatives and tainted convertible notes using the Monte Carlo model with the following assumptions:
| | |
March 31 | |
| | |
2026 | |
| Common stock issuable | |
| 215,418 | |
| Market value of common stock on measurement date | |
$ | 0.028 | |
| Adjusted exercise price | |
$ | 0.06 | |
| Risk free interest rate | |
| 3.70 | % |
| Instrument lives in years | |
| 0.50 | s |
| Expected volatility | |
| 227.60 | % |
| Expected dividend yields | |
| None | |
The Company determined the fair values of the
derivatives on warrants using the Binomial Option model with the following assumptions:
| | |
March 31 | |
| | |
2026 | |
| Common stock issuable | |
| 50,000,000 | |
| Market value of common stock on measurement date | |
$ | 0.028 | |
| Adjusted exercise price | |
$ | 0.035-0.050 | |
| Risk free interest rate | |
| 3.80 | % |
| Instrument lives in years | |
| 2.37 | s |
| Expected volatility | |
| 271.45 | % |
| Expected dividend yields | |
| None | |
|
| Schedule of Fair Value of the Derivative Liability |
The balance of the fair value of the derivative
liability as of March 31, 2026, and December 31, 2025, and 2024, is as follows:
| Balance at December 31, 2024 | |
$ | 4,689 | |
| Additions | |
| 3,320,551 | |
| Fair value loss | |
| (918,688 | ) |
| Conversions | |
| - | |
| Balance at December 31, 2025 | |
| 2,406,552 | |
| Additions | |
| - | |
| Fair value gain | |
| (1,084,492 | ) |
| Conversions | |
| - | |
| Balance at March 31, 2026 | |
$ | 1,322,060 | |
|