The Company had the following activity related
to its convertible notes payable:
| Balance - December 31, 2023 | |
$ | - | |
| Proceeds (face amount of note) | |
| 628,708 | |
| Guaranteed interest recorded to convertible note payable | |
| 5,000 | |
| Original issue debt discount | |
| (10,000 | ) |
| Guaranteed interest – debt discount | |
| (5,000 | ) |
| Repayments including guaranteed interest | |
| (55,000 | ) |
| Amortization of debt discount | |
| 15,000 | |
| Balance - December 31, 2024 | |
| 578,708 | |
| Proceeds (face amount of note) | |
| 750,000 | |
| Derivative liability recognized as debt discount | |
| (953,571 | ) |
| Amortization of debt discount | |
| 796,276 | |
| Balance – December 31, 2025 | |
$ | 1,171,413 | |
|