| SCHEDULE OF CONVERTIBLE PROMISSORY NOTES PAYABLE |
Convertible
promissory notes payable at June 30, 2025 and December 31, 2024 consist of the following:
SCHEDULE OF CONVERTIBLE PROMISSORY NOTES PAYABLE
| | |
June 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 $0.93 per share. Maturity dates through June 30, 2025, as amended ($2,489,449
in default) | |
$ | 4,513,549 | | |
$ | 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 June
30, 2025, the conversion price would be $0.001 per share). Maturity dates through June 30, 2025, as amended ($165,784 in default) | |
| 190,784 | | |
| 190,784 | |
| Convertible promissory notes with interest at 12% per annum, convertible into common
shares of the Company. The maturity dates through June 30, 2025 as amended ($863,673 in default) | |
| 1,085,178 | | |
| 1,116,427 | |
| Total convertible promissory notes payable | |
| 5,789,506 | | |
| 4,884,255 | |
| Unamortized debt discount | |
| (26,020 | ) | |
| (26,391 | ) |
| Convertible promissory notes payable, net discount | |
| 5,763,486 | | |
| 4,857,865 | |
| Less current portion | |
| (5,763,486 | ) | |
| (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 | |
| 1,172,500 | |
| Issued for original issue discount | |
| (47,500 | ) |
| Repayment for cash | |
| (267,250 | ) |
| Amortization of debt discounts | |
| 47,871 | |
| Convertible promissory notes payable, June 30, 2025 | |
$ | 5,763,486 | |
|