NOTES PAYABLE |
6 Months Ended | |||||||||||||||||||||||||||
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Jul. 31, 2026 | ||||||||||||||||||||||||||||
| NOTES PAYABLE | ||||||||||||||||||||||||||||
| NOTES PAYABLE | NOTE 5 – NOTES PAYABLE
Notes payable consisted of the following:
During the year ended January 31, 2026, the Company extinguished a substantial portion of its outstanding notes payable through the issuance of shares of common stock.
Interest expense related to the Company's notes payable was $10,500 and $6,209 for the three months ended July 31, 2026, and 2025, respectively. Interest expense related to the Company's notes payable was $21,048 and $12,217 for the six months ended July 31, 2026, and 2025, respectively.
As of July 31, 2026, and January 31, 2026, the remaining notes payable balance of $350,000 relates entirely to a promissory note issued to Robbins LLP. This note was originally executed on December 8, 2020, in the principal amount of $350,000, pursuant to the Order and Judgment settling the shareholder derivative litigation entitled In re Eco Science Solutions, Inc. Shareholder Derivative Litigation, Lead Civil No. 1:17-cv-00530-LEW-WRP (D. Haw.). The note bears interest at a rate of 6% per annum and had an original maturity date of December 8, 2023.
As of July 31, 2026, the note has matured, remains unpaid, and is in default. The Company continues to accrue interest on the outstanding principal balance, including default interest, in accordance with the contractual terms of the promissory note. |
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