| Schedule of initial recognition
of the convertible note | |
| | | |
| | | |
| | |
| Convertible Note activity | |
Principal | |
Debt discount | |
Net carrying amount |
| Balance as of April 1, 2026, upon issuance | |
$ | 2,767,756 | | |
$ | (1,388,324 | ) | |
$ | 1,379,432 | |
| Accretion of debt discount | |
| – | | |
| 82,534 | | |
| 82,534 | |
| Balance immediately before conversion | |
| 2,767,756 | | |
| (1,305,790 | ) | |
| 1,461,966 | |
| Conversion into common stock | |
| (2,767,756 | ) | |
| 1,305,790 | | |
| (1,461,966 | ) |
| Balance as of June 30, 2026 | |
$ | – | | |
$ | – | | |
$ | – | |