| Schedule of Future Maturities of Economic Injury Disaster Loans |
Future maturities of Economic Injury Disaster Loans as of December
31, 2024, were as follows:
| | |
December 31, | |
| Economic Injury Disaster Loans-Future Maturities | |
2024 | |
| 2025 | |
$ | 5,900 | |
| 2026 | |
| 5,900 | |
| 2027 | |
| 5,900 | |
| 2028 | |
| 5,900 | |
| 2029 | |
| 5,900 | |
| 2030 | |
| 5,900 | |
| Thereafter | |
| 612,230 | |
| Total | |
$ | 647,630 | |
|
| Schedule of Total Notes Payable |
Total Notes Payable as of December 31, 2024 and
December 31, 2023 were as follows:
| | |
December 31, | | |
December 31, | |
| Notes Payable | |
2024 | | |
2023 | |
| Senior secured promissory note (SSPN) #1 | |
$ | 106,192 | | |
$ | — | |
| Senior secured promissory note #2 | |
| 1,316,000 | | |
| — | |
| Senior secured promissory note #3 | |
| 468,000 | | |
| — | |
| Promissory note | |
| 148,725 | | |
| — | |
| Economic injury disaster loans (EIDL) | |
| 647,630 | | |
| 619,527 | |
| Acquisition Settlement Agreement | |
| 976,190 | | |
| — | |
| Total | |
| 3,662,736 | | |
| 619,527 | |
| | |
| | | |
| | |
| Current portion: | |
| | | |
| | |
| Less: current portion-SSPNs | |
| (1,890,192 | ) | |
| — | |
| Less: current portion-Promissory note | |
| (148,724 | ) | |
| — | |
| Less: current portion-EIDL | |
| (5,900 | ) | |
| (4,400 | ) |
| Acquisition Settlement Agreement | |
| (142,857 | ) | |
| — | |
| Notes payable, net of current | |
$ | 1,475,064 | | |
$ | 615,127 | |
|