Schedule of outstanding balance of convertible notes payable |
Schedule of outstanding
balance of convertible notes payable | |
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September 30, 2024 (Unaudited) | | |
December 31, 2023 | |
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A. | |
Convertible note payable to an investor with interest at 12% per annum, convertible at any time into shares of common stock at the lowest VWAP of $0.001 per share. The balance of principal and accrued and unpaid interest is payable on maturity on March 1, 2025. The note is secured by substantially all the assets of the Company. | |
$ | 205,000 | | |
$ | 205,000 | |
| |
| |
| | | |
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B. | |
Convertible note payable to an investor with interest at 5% per annum, convertible at any time into shares of common stock at $0.00084 per share. Interest is payable annually with the balance of principal and interest due on maturity on March 1, 2024. The note is secured by substantially all the assets of the Company. | |
| – | | |
| 55,000 | |
| |
| |
| | | |
| | |
D. | |
Convertible note payable to an investor with interest at 12% per annum, convertible at any time into shares of common stock at the lowest VWAP of $0.001 per share. The balance of principal and accrued and unpaid interest is payable on maturity on March 1, 2025. The note is secured by substantially all the assets of the Company. | |
| 50,000 | | |
| 50,000 | |
| |
| |
| | | |
| | |
E. | |
Convertible note payable to a related party with interest at 12% per annum, convertible at any time into shares of common stock at $0.00084 per share. Interest is payable quarterly with the balance of principal and interest due on maturity on August 2, 2025. The note is secured by substantially all the assets of the Company. | |
| 125,000 | | |
| 125,000 | |
| |
| |
| | | |
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G. | |
Convertible note payable to an investor with interest at 10% per annum, convertible at any time into shares of common stock at $0.0009 per share. Note was issued as payment for future fees to be incurred under the related Equity Financing Agreement. Principal and interest due on maturity on April 29, 2025. The note is secured by substantially all the assets of the Company. | |
| 13,942 | | |
| 58,988 | |
| |
| |
| 393,942 | | |
| 493,988 | |
| |
Less current portion | |
| (393,942 | ) | |
| (435,000 | ) |
| |
Long term portion | |
$ | – | | |
$ | 58,988 | |
|