SCHEDULE OF CONVERTIBLE NOTES
Table
12: Details of Convertible Notes
| | |
Principal
Value | | |
Unamortized
Discount and Issuance Costs | | |
Convertible
Notes Carrying Balance | | |
Weighted
Average Interest Rate | | |
Maturity
(Calendar Year) | |
| Balance as of December 31, 2024 | |
|
- | | |
|
- | | |
|
- | | |
| | |
| |
| Issuance | |
| 440,217 | | |
| (53,717 | ) | |
| 386,500 | | |
| 18.0 | % | |
| 2026 | |
| Amortization | |
| - | | |
| 4,476 | | |
| 4,476 | | |
| | | |
| | |
| Balance as of March
31, 2025 | |
$ | 440,217 | | |
$ | (49,241 | ) | |
$ | 390,976 | | |
| 18.0 | % | |
| 2026 | |
| Issuance | |
| 2,050,000 | | |
| (60,000 | ) | |
| 1,990,000 | | |
| 15.1 | % | |
| 2026 | |
| Conversion to equity | |
| (2,490,217 | ) | |
| 82,465 | | |
| (2,407,752 | ) | |
| 18.0 | % | |
| 2026 | |
| Amortization | |
| - | | |
| 26,776 | | |
| 26,776 | | |
| | | |
| | |
| Balance as of September
30, 2025 | |
$ | - | | |
$ | - | | |
$ | - | | |
| | | |
| | |
|