The
Company’s advances payable are as follows:
Schedule of convertible advance payable
| Terms | |
Convertible Advance
Payable | |
| | |
| |
| Issuance date of advances | |
| Prior to 2018 | |
| Maturity date | |
| Due on Demand | |
| Interest rate | |
| 0% | |
| Collateral | |
| Unsecured | |
| Conversion feature | |
| 45% discount to market price | |
| | |
| | |
| December 31, 2024 | |
$ | 563,000 | |
| No activity in 2025 | |
| - | |
| December 31, 2025 | |
| 563,000 | |
| No activity in 2026 | |
| - | |
| June 30, 2026 | |
$ | 563,000 | |
|