| SCHEDULE OF CONVERTIBLE DEBENTURES AND NOTES, NET OF DISCOUNT |
As
of June 30, 2026, and December 31, 2025, special purchase agreements (“SPAs”) with convertible debentures and notes,
net of debt discount and including accrued interest, if any, consist of the following amounts:
SCHEDULE
OF CONVERTIBLE DEBENTURES AND NOTES, NET OF DISCOUNT
| | |
June 30, 2026 | | |
December 31, 2025 | |
| Current Debt | |
| | | |
| | |
| Convertible debentures | |
| | | |
| | |
| 10% Convertible note payable, due April 23, 2022 – Bridge Investor | |
$ | 35,556 | | |
$ | 35,556 | |
| 10% Convertible note payable, due April 23, 2022 – Related Party | |
| 164,444 | | |
| 164,444 | |
| 10% Convertible note payable, due August 6, 2022 – Bridge Investor | |
| 200,000 | | |
| 200,000 | |
| Convertible note payable | |
| 400,000 | | |
| 400,000 | |
| Fall 2019 Notes | |
| | | |
| | |
| 5% Convertible note payable – Stephen Boesch | |
| 141,458 | | |
| 138,958 | |
| 5% Convertible note payable – Related Party | |
| 332,483 | | |
| 326,233 | |
| 5% Convertible note payable – Dr. Sanjay Jha (Through his family trust) | |
| 332,003 | | |
| 325,753 | |
| 5% Convertible note payable – CEO & CFO – Related Parties | |
| 108,809 | | |
| 106,759 | |
| 5% Convertible note payable – Bridge Investors | |
| 222,922 | | |
| 218,722 | |
| Convertible note payable | |
| 1,137,675 | | |
| 1,116,425 | |
| August 2021 Convertible Notes | |
| | | |
| | |
| 5% Convertible note – Autotelic Inc– Related Party | |
| 311,302 | | |
| 305,052 | |
| 5% Convertible note – Bridge investors | |
| 465,089 | | |
| 455,751 | |
| 5% Convertible note – CFO – Related Party | |
| 93,398 | | |
| 91,522 | |
| Convertible note payable | |
| 869,789 | | |
| 852,325 | |
| March 2022 Notes | |
| | | |
| | |
| 16% Convertible Notes – Accredited Investors | |
| 61,480 | | |
| 58,531 | |
| | |
| | | |
| | |
| Debt for Clinical Trials – Forever Prosperity ( Formerly GMP) | |
| | | |
| | |
| 2% Convertible Notes – Forever Prosperity | |
| 4,974,877 | | |
| 4,930,247 | |
| | |
| | | |
| | |
| May 2022 Note | |
| | | |
| | |
| 16% Convertible Notes – Accredited Investors | |
| - | | |
| 809,492 | |
| | |
| | | |
| | |
| J.H. Darbie PPM-2 Debt | |
| | | |
| | |
| Accrued and Unpaid Interest – PPM-2 | |
| 19,111 | | |
| 102,795 | |
| | |
| | | |
| | |
| July 2025 Note | |
| | | |
| | |
| 10% Convertible Note – Accredited Investor | |
| 595,179 | | |
| 465,261 | |
| | |
| | | |
| | |
| January 2026 Note | |
| | | |
| | |
| 10% Convertible Note - Accredited Investor | |
| 314,153 | | |
| - | |
| | |
| | | |
| | |
| Pacific Pier 2026 Note | |
| | | |
| | |
| 12% Convertible Note – Accredited Investor | |
| 129,450 | | |
| - | |
| | |
| | | |
| | |
| Other Debt | |
| | | |
| | |
| Short-term debt – Bridge investors | |
| 210,000 | | |
| 210,000 | |
| Short-term debt from CFO – Related Party | |
| 86,050 | | |
| 86,050 | |
| Short-term debt – Autotelic Inc. – Related Party | |
| 3,067,801 | | |
| 2,992,874 | |
| Short-term Debt from CEO – Related Party | |
| 175,000 | | |
| 175,000 | |
| Short-term loan from Accredited investor | |
| - | | |
| 50,000 | |
| Short term debt | |
| 3,538,851 | | |
| 3,513,924 | |
| Total convertible and short-term debt, net | |
$ | 7,925,881 | | |
$ | 8,225,669 | |
| Total convertible debt and short-term debt – related party, net | |
$ | 4,114,684 | | |
$ | 4,023,331 | |
| | |
June 30, 2026 | | |
December 31, 2025 | |
| | |
| | |
| |
| Long Term Debt | |
| | | |
| | |
| 12% convertible note - JH Darbie PPM-3 | |
| | | |
| | |
| Total convertible long-term debt, net | |
$ | 1,854,395 | | |
$ | 1,663,405 | |
| Convertible Note payable | |
$ | 1,854,395 | | |
| 1,663,405 | |
|
| SCHEDULE OF CONVERTIBLE NOTES, NET OF DISCOUNT |
The August 2021 convertible notes, inclusive of accrued interest, consist of the following amounts:
SCHEDULE
OF CONVERTIBLE NOTES, NET OF DISCOUNT
| | |
June 30, | | |
December 31, | |
| | |
2026 | | |
2025 | |
| Autotelic - Related party convertible note, 5% coupon December 2024 | |
$ | 311,302 | | |
$ | 305,052 | |
| CFO - Related party convertible note, 5% coupon December 2024 | |
| 93,398 | | |
| 91,522 | |
| Accredited investors convertible note, 5% coupon December 2024 | |
| 465,089 | | |
| 455,751 | |
| Total August 2021 convertible
notes | |
$ | 869,789 | | |
$ | 852,325 | |
The March 2022 Fourth Man convertible note, including accrued interest and net of debt discount,
consist of the following amounts:
| | |
June 30,
2026 | | |
December 31,
2025 | |
| | |
| | |
| |
| Fourth Man Convertible note, 16% coupon March 2023 inclusive of accrued interest and default provision | |
$ | 61,480 | | |
$ | 58,531 | |
| Unamortized debt discount | |
| - | | |
| - | |
| Convertible note, net | |
$ | 61,480 | | |
| 58,531 | |
The May 2022 Mast Financing, net of debt discount, consists of the following
amounts:
| | |
June 30,
2026 | | |
December 31,
2025 | |
| Mast Hill Convertible note, 12% coupon inclusive of accrued interest and penalty | |
$ | - | | |
$ | 809,492 | |
| Total May 2022 convertible note, net | |
$ | - | | |
$ | 809,492 | |
|
| SCHEDULE OF NET OF DEBT DISCOUNT |
The July 2025 Mast Note, net of debt discount, consists of the following amounts:
SCHEDULE
OF NET OF DEBT DISCOUNT
| |
|
June
30,
2026 |
|
|
December
31,
2025 |
|
| |
|
|
|
|
|
|
| Mast
Hill Convertible note, inclusive of accrued interest 12% coupon due January 2027, gross |
|
$ |
611,511 |
|
|
$ |
583,512 |
|
| Less:
debt discount recorded |
|
|
(203,833 |
) |
|
|
(203,833 |
) |
| Amortization
of debt discount |
|
|
187,501 |
|
|
|
85,582 |
|
| Convertible
notes, net |
|
$ |
595,179 |
|
|
$ |
465,261 |
|
The convertible note under the 2026 Mast Note, net of debt discount, consists of the following amounts:
| | |
June 30, 2026 | | |
December 31, 2025 | |
| | |
| | |
| |
| Mast Hill Convertible note, inclusive of accrued interest 10% coupon January 2027, gross | |
$ | 415,603 | | |
$ | - | |
| Less Debt discount recorded | |
| (179,102 | ) | |
| - | |
| Amortization debt discount | |
| 77,652 | | |
| - | |
| Convertible notes, net | |
$ | 314,153 | | |
$ | - | |
The
2026 Pacific Pier convertible note, net of debt discounts, consists of the following amounts:
| | |
June 30, 2026 | | |
December 31, 2025 | |
| | |
| | |
| |
| Pacific Pier Convertible note, inclusive of accrued interest 12% coupon, gross | |
$ | 178,821 | | |
$ | - | |
| Less Debt discount recorded | |
| (50,336 | ) | |
| - | |
| Amortization debt discount | |
| 965 | | |
| - | |
| Total Pacific Pier 2016 convertible note, net | |
$ | 129,450 | | |
$ | - | |
|
| SCHEDULE OF SHORT-TERM LOANS |
Other short-term advances consist of the following amounts obtained from various employees
and related parties:
SCHEDULE
OF SHORT-TERM LOANS
| Other
Advances |
|
June
30,
2026 |
|
|
December
31,
2025 |
|
| Short-term advance from CFO – Related Party |
|
$ |
86,050 |
|
|
$ |
86,050 |
|
| Short-term advances – bridge investors & others |
|
|
210,000 |
|
|
|
210,000 |
|
| Short-term advances – Autotelic Inc. – Related Party |
|
|
3,067,801 |
|
|
|
2,992,874 |
|
| Short-term advance – CEO – Related Party |
|
|
175,000 |
|
|
|
125,000 |
|
| Short-term advance – Accredited investor |
|
|
- |
|
|
|
50,000 |
|
| Short term advance |
|
$ |
3,538,851 |
|
|
$ |
3,513,924 |
|
|