| Schedule of Convertible Debt Payable |
Convertible
debt payable consists of the following:
| Description | | Interest
Rate | | | Maturity
date** | | Principal | | | Accrued
Interest | | | Unamortized
debt discount | | | June 30,
2026
Amount,
net | | | December 31,
2025
Amount,
net | | | Cavalry Fund I LP | | | 18.0 | %* | | Matured | | $ | 819,372 | | | $ | 191,345 | | | $ | - | | | $ | 1,010,717 | | | $ | 936,563 | | | Mercer Street Global Opportunity Fund, LLC | | | 18.0 | %* | | Matured | | | 1,042,701 | | | | 254,469 | | | | - | | | | 1,297,170 | | | | 1,202,806 | | | 2023, 2024, 2025 and 2026 convertible notes | | | 8.0 to 12.0 | % | | Matured to
May 19, 2027 | | | 3,287,252 | | | | 538,046 | | | | (104,801 | ) | | | 3,720,497 | | | | 3,217,255 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total convertible notes payable | | | | | | | | $ | 5,149,325 | | | $ | 983,860 | | | $ | (104,801 | ) | | $ | 6,028,384 | | | $ | 5,356,624 | |
| * | The Cavalry Fund LLP and Mercer Street Global Opportunity Fund, LLC, notes are accruing interest at the default interest rate of 18% with effect from November 27, 2024, prior to November 27, 2024, interest was accrued at 10% per annum. | | ** | All convertible notes payable are technically in default due the default on a 2024 convertible note for which a default was declared. |
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