NOTE 6 – CONVERTIBLE NOTES

The Company had the following unsecured convertible notes payable as of June 30, 2026 and December 31, 2025:

On June 23, 2026, the Company entered into an agreement to issue a convertible promissory note to CFI Capital LLC, an unrelated third-party investor, for an amount of $130,000 with note discount of $18,000 including a $13,000 original issue discount and $5,000 note issuance cost. The convertible promissory note bears interest at 6% per annum and has a one-year maturity term. The conversion price is 60% of the lowest trading price during the 20 trading days prior to conversion. The note was discounted for a derivative and the discount of $130,000 was amortized over the life of the note using the effective interest method.

As of June 30, 2026 and December 31, 2025, the principal due on the note is $2,137, net of debt discount of $127,863.

Amortization of note discount

For the three months ended June 30, 2026, the total amortization on note discount was $2,137 recorded under Interest Expense in the Statements of Operations.

Accrued interest on convertible notes

During the six months ended June 30, 2026, the accrued interest expense was $130. As of June 30, 2026 and December 31, 2025, accrued interest payable on convertible notes was $130 and $0, respectively.