Notes
payable at September 30, 2025 and December 31, 2024 were comprised of the following:
Schedule of Notes Payable
| | |
Interest rate | |
Due date | |
September 30, 2025 | | |
December 31,
2024 | |
| 40% OID promissory note | |
OID only | |
November - December, 2025 | |
$ | 4,288,000 | | |
$ | - | |
| 10 % OID promissory note | |
OID only | |
November, 2025 | |
| 154,000 | | |
| - | |
| Total notes payable | |
| |
| |
| 4,442,000 | | |
| - | |
| Less: unamortized debt discounts | |
| |
| |
| (614,000 | ) | |
| - | |
| Notes payable | |
| |
| |
$ | 3,828,000 | | |
$ | - | |
|