CONVERTIBLE DEBENTURES, NOTES AND OTHER DEBT (Tables)

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

SCHEDULE OF CONVERTIBLE DEBENTURES AND NOTES, NET OF DISCOUNT

As of March 31, 2024 and December 31, 2023, special purchase agreements (SPAs) with convertible debentures and notes, net of debt discount and including accrued interest, if any, consist of the following amounts:

	March 31,		December 31,
	2024		2023
Current Debt
Convertible debentures
10% Convertible note payable – Bridge Investor	$	35,556	$	35,556
10% Convertible note payable – Related Party		164,444		164,444
10% Convertible note payable – Bridge Investor		200,000		200,000
		400,000		400,000
Fall 2019 Notes
5% Convertible note payable – Stephen Boesch		130,208		128,958
5% Convertible note payable – Related Party		304,358		301,233
5% Convertible note payable – Dr. Sanjay Jha (Through his family trust)		303,878		300,753
5% Convertible note payable – CEO & CFO – Related Parties		99,584		98,559
5% Convertible note payable – Bridge Investors		204,022		201,922
		1,042,050		1,031,425
August 2021 Convertible Notes
5% Convertible note – Autotelic Inc– Related Party		283,177		280,052
5% Convertible note – Bridge investors		423,068		418,399
5% Convertible note – CFO – Related Party		84,956		84,018
		791,201		782,469
JH Darbie PPM Debt
16% Convertible Notes – Non-related parties		-		311,693
16% Convertible Notes – CEO – Related Party		-		-
		-		311,693
November/December 2021 & March 2022 Notes
16% Convertible Notes – Accredited Investors		208,510		233,393
Debt for Clinical Trials – Forever Prosperity ( Formerly GMP)
2% Convertible Notes – Forever Prosperity		4,772,439		4,750,000
May and June 2022 Note
16% Convertible Notes – Accredited Investors		1,451,926		1,401,283
Other Debt
Short term debt – Bridge investors		210,000		210,000
Short term debt from CFO – Related Party		35,050		35,050
Short term debt – Autotelic Inc. – Related Party		1,720,000		1,470,000
Short Term Debt from CEO – Related Party		50,000		50,000
		2,015,050		1,765,050
Total of short term convertible debentures & notes and other debt	$	10,681,176		10,675,313

	March 31,		December 31,
	2024		2023
Long Term Debt
JH Darbie PPM 2 Debt
16% Convertible Notes - Non-related parties		2,087,773		1,773,468
16% Convertible Notes – CEO – Related Party		125,000		125,000
		2,212,773		1,898,468

SCHEDULE OF CONVERTIBLE NOTES, NET OF DISCOUNT

As of March 31, 2024, and December 31, 2023, the August 2021 convertible notes, inclusive of accrued interest, consist of the following amounts:

	March 31,		December 31,
	2024		2023
Autotelic Related party convertible note, 5% coupon December 2023	$	283,177	$	280,052
Accredited investors convertible note, 5% coupon December 2023		423,068		418,399
CFO Related party convertible note, 5% coupon December 2023		84,956		84,018
	$	791,201	$	782,469

As of March 31, 2024, and December 31, 2023, the March 2022 Fourth Man convertible note, including accrued interest and net of debt discount, consist of the following amounts:

	March 31, 2024		December 31, 2023
Fourth Man Convertible note, 16% coupon March 2023 inclusive of accrued interest and default provision	$	208,510	$	233,393
Unamortized debt discount		-		-
Convertible notes, net	$	208,510		233,393

 As of March 31, 2024, and December 31, 2023, convertible note under the May 2022 Mast Financing, net of debt discount, consist of the following amounts:

	March 31, 2024		December 31, 2023
Mast Hill Convertible note, 12% coupon May 2023, inclusive of accrued interest and penalty	$	929,684	$	905,484
Convertible notes, net	$	929,684	$	905,484

 As of March 31, 2024 and December 31, 2023, convertible note under the June 2022 Blue Lake Financing, net of debt discount, consist of the following amounts:

	March 31, 2024		December 31, 2023
Blue Lake Convertible note, 16% coupon June 2023, inclusive of accrued interest and penalty	$	522,242	$	495,800
Convertible notes, net	$	522,242	$	495,800

 

SCHEDULE OF SHORT-TERM LOANS

As of March 31, 2024 compared to December 31, 2023, other short-term advances consist of the following amounts obtained from various employees and related parties:

Other Advances	March 31, 2024		December 31, 2023
Short term advance from CFO – Related Party	$	35,050	$	35,050
Short term advance from CEO – Related Party		50,000		50,000
Short term advances – bridge investors & others		210,000		210,000
Short term advances – Autotelic Inc. – Related Party		1,720,000		1,470,000
	$	2,015,050	$	1,765,050