| NOTES PAYABLE TO RELATED PARTIES |
NOTE
8 – NOTES PAYABLE TO RELATED PARTIES
Notes
payable to related parties consisted of the following:
SCHEDULE OF NOTES PAYABLE TO RELATED PARTIES
| | |
March
31, 2026 | | |
December
31, | |
| | |
2026 | | |
2025 | |
| | |
| | |
| |
| May 10,
2022 ($12,500) | |
$ | 12,500 | | |
$ | 12,500 | |
| May 10, 2022 ($12,500) | |
| 12,500 | | |
| 12,500 | |
| May 10, 2022 ($20,000) | |
| 20,000 | | |
| 20,000 | |
| May 31, 2022 ($5,000) | |
| 5,000 | | |
| 5,000 | |
| May 31, 2022 ($15,000) | |
| 15,000 | | |
| 15,000 | |
| June 9, 2022 ($15,000) | |
| 15,000 | | |
| 15,000 | |
| June and July 2025
(others) | |
| 84,092 | | |
| 84,092 | |
| January 1, 2026 ($1,000,000) | |
| 900,000 | | |
| - | |
| | |
| | | |
| | |
| Total
notes payable to related parties (current), net of debt discount. | |
$ | 1,064,092 | | |
$ | 164,092 | |
| |
● |
May
10, 2022 - $12,500 |
| |
|
|
| |
|
On
May 10, 2022, a related party of the Company loaned Prime Time Live, Inc. $12,500 in exchange for a promissory note that includes
interest at the rate of 10% per annum on the unpaid principal balance, with all unpaid principal and interest due on or before May
10, 2023. Interest began accruing on May 10, 2022. As of March 31, 2026, and December 31, 2025, the loan is due upon demand. |
| |
● |
May
10, 2022 - $12,500 |
| |
|
|
| |
|
On
May 10, 2022, a related party of the Company loaned Prime Time Live, Inc. $12,500 in exchange for a promissory note that includes
interest at the rate of 10% per annum on the unpaid principal balance with all unpaid principal and interest due on or before May
10, 2023. Interest began accruing on May 10, 2022. As of March 31, 2026, and December 31, 2025, the loan is due upon demand. |
| |
● |
May
10, 2022 - $20,000 |
| |
|
|
| |
|
On
May 10, 2022, a related party of the Company loaned Prime Time Live, Inc. $20,000 in exchange for a promissory note that included
interest at the rate of 10% per annum on the unpaid principal balance with all unpaid principal and interest due on or before May
10, 2023. Interest began accruing on May 10, 2022. As of March 31, 2026, and December 31, 2025, the loan is due upon demand. |
| |
● |
May
31, 2022 - $5,000 |
| |
|
|
| |
|
On
May 31, 2022, a related party of the Company loaned Prime Time Live, Inc. $5,000 in exchange for a promissory note that included
interest at the rate of 10% per annum on the unpaid principal balance with all unpaid principal and interest due on or before May
31, 2023. Interest began accruing on May 31, 2022. As of March 31, 2026, and December 31, 2025, the loan is due upon demand. |
| |
● |
May
31, 2022 - $15,000 |
| |
|
|
| |
|
On
May 31, 2022, a related party of the Company loaned Prime Time Live, Inc. $15,000 in exchange for a promissory note that included
interest at the rate of 10% per annum on the unpaid principal balance with all unpaid principal and interest due on or before May
31, 2023. Interest began accruing on May 31, 2022. As of March 31, 2026, and December 31, 2025, the loan is due upon demand. |
| |
● |
June
9, 2022 - $15,000 |
| |
|
|
| |
|
On
June 9, 2022, the Company loaned share holder of the company $15,000 in exchange for a promissory note that included interest at
the rate of 10% per annum on the unpaid principal balance with all unpaid principal and interest due on or before May 10, 2023. Interest
began accruing on May 10, 2022. As of March 31, 2026, and December 31, 2025, the loan is due upon demand. |
| |
● |
March
24, 2025 - $163,515 |
| |
|
|
| |
|
On
March 24, 2025, Emblaze One, a company owned by the shareholder of the company, a related party, provided $219,001 as a loan that
includes interest at the rate of 10% per annum on the unpaid principal balance, with all unpaid principal and interest due on demand.
Total amount of $219,001 including interest was converted to preferred stock C during the year ended December 31, 2025. |
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● |
July
2025 - $234,092 |
| |
|
|
| |
|
In
July 2025, EM1 Capital, a company owned by the shareholder of the company, a related party, provided $234,092 as a loan that includes
interest at the rate of 15% per annum on the unpaid principal balance, with all unpaid principal and interest. The amount was partially
repaid and the outstanding balance was $84,092 as of March 31, 2026 and December 31, 2025. |
| |
● |
January
2026 - $1,000,000 |
| |
|
|
| |
|
In
January 2026, EM1 Capital, a company owned by the shareholder of the company, a related party, provided $1,000,000 as a loan that
includes interest at the rate of 5% per annum on the unpaid principal balance, with all unpaid principal and interest due upon demand.
The amount was partially repaid and the outstanding balance was $900,000 as of March 31, 2026. |
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