Notes Payable |
6 Months Ended | |||||||||||||||
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Jun. 30, 2026 | ||||||||||||||||
| Notes Payable [Abstract] | ||||||||||||||||
| NOTES PAYABLE | NOTE 5: NOTES PAYABLE
Paypal Note
On September 24, 2019, the Company entered into a working capital note agreement with Paypal Working Capital (“Paypal Note”), pursuant to which the Company borrowed $37,000, requiring repayment in amounts equal to 30% of sales collections processed through Paypal, but no less than $4,143, every 90 days, until the total amount of payments equals $41,430. The balance of the loan as of June 30, 2026, and December 31, 2025, was $21,797.
Economic Injury Disaster Loan
On July 9, 2020 and June 24, 2020, the Company received an Economic Injury Disaster Loan (“EIDL”) in the aggregate amount of $159,900, payable in monthly installments of principal and interest totaling $731 over 30 years beginning in June 2021. The loan accrues interest at an annual rate of 3.75%. The loan is secured by all tangible and intangible property. The balance on this EIDL was $147,237 as of June 30, 2026, and December 31, 2025, which has been classified as a long-term liability in notes payable, less current portion on the accompanying balance sheets.
Daiagi Note
On May 18, 2022, the Company issued a promissory note to Sara Daiagi in the principal amount of $250,000 (the “Daiagi Note”). The outstanding principal of the Daiagi Note bears interest at 18% per annum, with interest originally payable monthly. The principal and any accrued but unpaid interest were originally due on May 18, 2025, the third anniversary of the issue date.
The Company subsequently renegotiated the repayment terms with Ms. Daiagi. Under the revised repayment schedule, the Company makes weekly periodic payments that are applied to outstanding principal and accrued interest. The revised payment schedule commenced on January 28, 2025, and the revised maturity date is January 16, 2029.
The Daiagi Note and the amounts payable thereunder are unsecured obligations of the Company and are senior in right of payment and otherwise to all indebtedness, as provided in the Daiagi Note. The balance of the Daiagi Note was $180,747 and $207,120 as of June 30, 2026 and December 31, 2025, respectively. The following is a summary of notes payable activity as of June 30, 2026 and December 31, 2025:
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