| SUMMARY OF CONVERTIBLE NOTES PAYABLE |
SUMMARY
OF CONVERTIBLE NOTES PAYABLE
| | |
June 30,
2026 | | |
December 31,
2025 | |
| April 24, 2026, principal of $15,615,385 and accrued interest of $171,983, net of unamortized OID interest of $4,462,150, and unamortized debt discount of $2,572,765 as of June 30, 2026 | |
$ | 8,752,453 | | |
$ | — | |
| December 2, 2025, principal of $45,400 and accrued PIK interest of $2,612 and $361, net of unamortized OID interest of $3,327 and $5,114 and unamortized debt discount of $5,095 and $7,832 as of June 30, 2026 and December 31, 2025, respectively | |
| 39,590 | | |
| 32,815 | |
| August 8, 2025, principal of $227,000, and accrued PIK interest of $20,275 and $9,018, net of unamortized OID interest of $10,967 and $19,868 and unamortized debt discount of $26,357 and $47,750 as of June 30, 2026 and December 31, 2025, respectively | |
| 209,951 | | |
| 168,400 | |
| May 8, 2025, principal of $340,500 and accrued PIK interest of $38,994 and $22,109, net of unamortized OID interest of $9,664 and $23,016 and unamortized debt discount of $23,281 and $55,447 as of June 30, 2026 and December 31, 2025, respectively | |
| 346,549 | | |
| 284,146 | |
| Total of convertible notes payable | |
| 9,348,543 | | |
| 485,361 | |
| Convertible notes payable, net of debt discount - current portion | |
| (9,348,543 | ) | |
| (284,146 | ) |
| Convertible notes payable, net of debt discount - long-term portion | |
$ | — | | |
$ | 201,215 | |
|