The
following is a summary of long-term debt as of September 30, 2026:
SCHEDULE OF LONG-TERM DEBT
| | |
Loan Agreement | | |
Promissory Note | | |
Total | |
| | |
| | |
| | |
| |
| Principal balance outstanding | |
$ | 13,500 | | |
$ | 11,090 | | |
$ | 24,590 | |
| Paid in kind interest | |
| 3,298 | | |
| - | | |
| 3,298 | |
| Debt discount | |
| (4,343 | ) | |
| (3,216 | ) | |
| (7,559 | ) |
| Amortization of debt discount | |
| 614 | | |
| 1,039 | | |
| 1,653 | |
| Total | |
$ | 13,069 | | |
$ | 8,913 | | |
$ | 21,982 | |
The
following is a summary of long-term debt as of March 31, 2026:
| | |
Loan
Agreement | | |
Promissory
Note | | |
Total | |
| | |
| | |
| | |
| |
| Principal balance outstanding | |
$ | 13,500 | | |
$ | 12,799 | | |
$ | 26,299 | |
| Paid in kind interest | |
| 2,459 | | |
| - | | |
| 2,459 | |
| Debt discount | |
| (4,343 | ) | |
| (3,576 | ) | |
| (7,919 | ) |
| Amortization of debt discount | |
| 427 | | |
| 373 | | |
| 800 | |
| Total | |
$ | 12,043 | | |
$ | 9,596 | | |
$ | 21,639 | |
|