| SCHEDULE OF CONVERTIBLE PROMISSORY NOTES PAYABLE |
Convertible
promissory notes payable at September 30, 2025 and December 31, 2024 consisted of the following:
SCHEDULE OF CONVERTIBLE PROMISSORY NOTES PAYABLE
| | |
September 30, | | |
December 31, | |
| | |
2025 | | |
2024 | |
| Convertible promissory notes with interest rates ranging from 10% to 12% per annum, convertible into common shares at a fixed price ranging from $0.001 to $0.03 per share. Maturity dates through September 30, 2025, as amended ($2,349,699 in default as of September 30, 2025) | |
$ | 4,491,049 | | |
$ | 3,577,044 | |
| Convertible promissory notes with interest rates ranging from 10% to 12% per annum, convertible into common shares at prices equal to 60% discount from the lowest trade price in the 20-25 trading days prior to conversion (as of September 30, 2025 the conversion price would be $0.001 per share). Maturity dates through September 30, 2025, as amended ($190,784 in default as of September 30, 2025) | |
| 190,784 | | |
| 190,784 | |
| Convertible promissory notes with interest at 12% per annum, convertible into common shares of GES. The maturity dates through September 30, 2025 as amended ($1,085,173 in default as of September 30, 2025) | |
| 1,085,173 | | |
| 1,116,427 | |
| Total convertible promissory notes payable | |
| 5,767,006 | | |
| 4,884,255 | |
| Unamortized debt discount | |
| (24,796 | ) | |
| (26,391 | ) |
| Convertible promissory notes payable, net discount | |
| 5,742,210 | | |
| 4,857,865 | |
| Less current portion | |
| (5,742,210 | ) | |
| (4,857,865 | ) |
| Long-term portion | |
$ | - | | |
$ | - | |
|
| SCHEDULE OF ROLLFOWARD OF CONVERTIBLE PROMISSORY NOTES PAYABLE |
SCHEDULE OF ROLLFOWARD OF CONVERTIBLE PROMISSORY NOTES PAYABLE
| Convertible promissory notes payable, December 31, 2024 | |
$ | 4,857,865 | |
| Issued for cash | |
| 1,322,500 | |
| Issued for original issue discount | |
| (65,000 | ) |
| Repayment for cash | |
| (439,750 | ) |
| Amortization of debt discounts | |
| 66,595 | |
| Convertible promissory notes payable, September 30, 2025 | |
$ | 5,742,210 | |
|