v3.25.4
Notes Payable
 3 Months Ended
Mar. 31, 2025
Notes Payable [Abstract]  
NOTES PAYABLE

NOTE 7– NOTES PAYABLE

 

Notes payable at March 31, 2025 and December 31, 2024 consist of unsecured loans from unrelated individuals, as follows:

 

   Face Amount  Interest Rate  Due Date  2025  2024
                
Current notes payable $25,000   11% September 1, 2024 $25,000  $25,000 
  $50,000   11% May 1, 2024  50,000   50,000 
  $50,000   11% June 29, 2024  50,000   50,000 
  $25,000   11% September 1, 2024  25,000   25,000 
  $100,000   11% February 25, 2025  100,000   100,000 
  $50,000   11% December 9, 2024  50,000   50,000 
  $25,000   11% December 18, 2024  25,000   25,000 
  $25,000   11% August 17, 2024  25,000   25,000 
  $50,000   11% August 6, 2024  50,000   50,000 
  $25,000   11% August 8, 2024  25,000   25,000 
  $50,000   5.5% May 17, 2025  50,000   50,000 
  $25,000   11% April 2, 2025  25,000   25,000 
  $50,000   11% April 19, 2025  50,000   50,000 
  $25,000   11% April 15, 2025  25,000   25,000 
  $10,000   11% September 16, 2025  10,000   10,000 
  $25,000   11% August 19, 2025  25,000   25,000 
Note discount            (7,962)  (22,924)
Current notes payable, net           $602,038  $587,076 
                        
Long-term notes payable $25,000   5.5% November 13, 2026 $25,000  $25,000 
Note discount            (1,117)  (1,293)
Long-term notes payable, net           $23,883  $23,707