| NOTES PAYABLE TO RELATED PARTIES |
NOTE
7 – NOTES PAYABLE TO RELATED PARTIES
Notes
payable to related parties consisted of the following:
SCHEDULE OF NOTES PAYABLE TO RELATED PARTIES
| | |
June 30, 2026 | | |
December 31, | |
| | |
2026 | | |
2025 | |
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| | |
| |
| May 10, 2022 ($12,500) | |
$ | 12,500 | | |
$ | 12,500 | |
| May 10, 2022 ($12,500) | |
| 12,500 | | |
| 12,500 | |
| May 10, 2022 ($20,000) | |
| 20,000 | | |
| 20,000 | |
| May 31, 2022 ($5,000) | |
| 5,000 | | |
| 5,000 | |
| May 31, 2022 ($15,000) | |
| 15,000 | | |
| 15,000 | |
| June 9, 2022 ($15,000) | |
| 15,000 | | |
| 15,000 | |
| June and July 2025 (others) | |
| 84,092 | | |
| 84,092 | |
| January 1, 2026 ($1,000,000) | |
| 900,000 | | |
| - | |
| April 1, 2026 ($16,000) | |
| 16,000 | | |
| - | |
| | |
| | | |
| | |
| Total notes payable to related parties (current), net of debt discount. | |
$ | 1,080,092 | | |
$ | 164,092 | |
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May 10, 2022 - $12,500 |
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On May 10, 2022, a related
party of the Company loaned Prime Time Live, Inc. $12,500 in exchange for a promissory note that includes interest at the rate of
10% per annum on the unpaid principal balance, with all unpaid principal and interest due on or before May 10, 2023. Interest began
accruing on May 10, 2022. As of June 30, 2026, and December 31, 2025, the loan is due upon demand. |
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● |
May 10, 2022 - $12,500 |
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|
|
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|
On May 10, 2022, a related
party of the Company loaned Prime Time Live, Inc. $12,500 in exchange for a promissory note that includes interest at the rate of
10% per annum on the unpaid principal balance with all unpaid principal and interest due on or before May 10, 2023. Interest began
accruing on May 10, 2022. As of June 30, 2026, and December 31, 2025, the loan is due upon demand. |
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● |
May 10, 2022 - $20,000 |
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|
|
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|
On May 10, 2022, a related
party of the Company loaned Prime Time Live, Inc. $20,000 in exchange for a promissory note that included interest at the rate of
10% per annum on the unpaid principal balance with all unpaid principal and interest due on or before May 10, 2023. Interest began
accruing on May 10, 2022. As of June 30, 2026, and December 31, 2025, the loan is due upon demand. |
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● |
May 31, 2022 - $5,000 |
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|
|
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|
On May 31, 2022, a related
party of the Company loaned Prime Time Live, Inc. $5,000 in exchange for a promissory note that included interest at the rate of
10% per annum on the unpaid principal balance with all unpaid principal and interest due on or before May 31, 2023. Interest began
accruing on May 31, 2022. As of June 30, 2026, and December 31, 2025, the loan is due upon demand. |
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● |
May 31, 2022 - $15,000 |
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|
|
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|
On May 31, 2022, a related
party of the Company loaned Prime Time Live, Inc. $15,000 in exchange for a promissory note that included interest at the rate of
10% per annum on the unpaid principal balance with all unpaid principal and interest due on or before May 31, 2023. Interest began
accruing on May 31, 2022. As of June 30, 2026, and December 31, 2025, the loan is due upon demand. |
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● |
June 9, 2022 - $15,000 |
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|
|
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|
On June 9, 2022, the Company
loaned share holder of the company $15,000 in exchange for a promissory note that included interest at the rate of 10% per annum
on the unpaid principal balance with all unpaid principal and interest due on or before May 10, 2023. Interest began accruing on
May 10, 2022. As of June 30, 2026, and December 31, 2025, the loan is due upon demand. |
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March 24, 2025 -
$163,515 |
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|
|
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On March 24, 2025, Emblaze
One, a company owned by the shareholder of the company, a related party, provided $219,001 as a loan that includes interest at the
rate of 10% per annum on the unpaid principal balance, with all unpaid principal and interest due on demand. Total amount of $219,001
including interest was converted to preferred stock C during the year ended December 31, 2025. |
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July 2025 - $234,092 |
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|
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In July 2025, EM1 Capital,
a company owned by the shareholder of the company, a related party, provided $234,092 as a loan that includes interest at the rate
of 15% per annum on the unpaid principal balance, with all unpaid principal and interest. The amount was partially repaid and the
outstanding balance was $84,092 as of June 30, 2026 and December 31, 2025. |
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January 2026 - $1,000,000 |
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|
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In January 2026, EM1 Capital,
a company owned by the shareholder of the company, a related party, provided $1,000,000 as a loan that includes interest at the rate
of 5% per annum on the unpaid principal balance, with all unpaid principal and interest due upon demand. The amount was partially
repaid and the outstanding balance was $900,000 as of June 30, 2026. |
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April 2026 - $16,000 |
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In April 2026, EM1 Capital,
a company owned by the shareholder of the company, a related party, provided $16,000 as a loan. The loan bears no interest and is
due upon demand. |
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