Convertible notes payable as of June 30, 2026 and December 31, 2025 is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Outstanding
Principal as of
June 30,
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 | (1,061,041) | | | (2,382,599) | | | | | | | | | | | | | Total | $ | 2,079,932 | | | $ | 383,374 | | | | | | | | | | | |
*Variable conversion price, as further described below
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