| Schedule of Convertible Notes Payable |
Convertible
notes payable as of March 31, 2026 and December 31, 2025 is as follows:
| | | Outstanding Principal as of March 31, 2026 | | | Outstanding Principal as of December 31, 2025 | | | Interest Rate | | | Conversion Price | | | Maturity
Date | | The First Tranche of Uplist Financing | | $ | 1,580,556 | | | $ | 1,580,556 | | | | — | % | | | 10 | * | | January 2027 | | The Second Tranche of Uplist Financing | | | 1,185,417 | | | | 1,185,417 | | | | — | % | | | 10 | * | | January 2027 | | The Third Tranche of Uplist Financing | | | 375,000 | | | | | | | | — | % | | | 10 | * | | January 2027 | | | | | 3,140,973 | | | | 2,765,973 | | | | | | | | | | | | | Less: Debt Discount | | | (1,570,996 | ) | | | (2,382,599 | ) | | | | | | | | | | | | Total | | $ | 1,569,977 | | | $ | 383,374 | | | | | | | | | | | |
| * | Variable conversion price, as further described below |
|
Convertible notes payable as of December 31, 2025
and 2024 is as follows:
| | | Outstanding Principal as of | | | Outstanding Principal as of | | | | | | | | | | | Warrants Granted | | | | | December 31, 2025 | | | December 31, 2024 | | | Interest Rate | | | Conversion Price | | | Maturity Date | | Quantity | | | Exercise Price | | | The March 13, 2024 Loan Agreement | | $ | – | | | $ | 1,100,000 | | | | 18 | % | | | 170 | | | Sep 2025 | | | – | | | | – | | | The First April 2nd Loan Agreement | | | – | | | | 105,370 | | | | 18 | | | | 50 | | | Apr 2026 | | | 11,112 | | | $ | 5 | | | The November 22, 2024 Loan Agreement | | | – | | | | 30,000 | | | | 18 | | | | 20 | | | Apr 2026 | | | 120,000 | | | $ | 0.87 | | | The First Tranche of Uplist Financing | | | 1,580,556 | | | | – | | | | – | | | | 10 | * | | Nov 2026 | | | – | | | | – | | | The Second Tranche of Uplist Financing | | | 1,185,417 | | | | – | | | | – | | | | 10 | * | | Dec 2026 | | | – | | | | – | | | | | | 2,765,973 | | | | 1,235,370 | | | | | | | | | | | | | | | | | | | | | Less: Debt Discount | | | (2,382,599 | ) | | | (19,212 | ) | | | | | | | | | | | | | | | | | | | | Total | | $ | 383,374 | | | $ | 1,216,158 | | | | | | | | | | | | | | | | | | | |
| * | Variable
conversion price, as further described below |
|