NOTES PAYABLE |
3 Months Ended |
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Mar. 31, 2026 | |
| Debt Disclosure [Abstract] | |
| NOTES PAYABLE | NOTE 7 – NOTES PAYABLE
As of March 31, 2026, the Company had notes payable totaling $602,564, bearing interest rates ranging from 8% to 20%, net of a discount of $35,936, along with accrued interest of $12,623. During the three-month period ended March 31, 2026, the Company secured additional financing, increasing its outstanding notes payable by approximately $451,964. The Company also settled certain debt obligations by transferring investment securities and issuing common stock, which reduced both the principal and accrued interest balances. Accrued interest rose from $7,322 at December 31, 2025 to $12,623 as of March 31, 2026.
As of March 31, 2025, the Company had a total of $295,138 in short-term notes payable to ten different noteholders at interest rates varying from 10% to 36%. Approximately, $110,000 of these notes were past due and continue to accrue interest.
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- References No definition available.
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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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