| Schedule of Notes Payable |
Notes
payable consists of the following:
| Description | | Interest
Rate | | | Maturity date* | | Principal | | | Accrued
Interest | | | December 31,
2025
Amount,
net | | | December 31,
2024
Amount,
net | | | Cavalry Fund I LP | | | 18.0 | % | | Matured | | $ | 482,000 | | | $ | 189,613 | | | $ | 671,613 | | | $ | 583,648 | | | Mercer Street Global Opportunity Fund, LLC | | | 18.0 | % | | Matured | | | 482,000 | | | | 189,613 | | | | 671,613 | | | | 583,648 | | | 2024 notes | | | 0.0 to 18.0 | % | | February 28, 2025 to October 10, 2025 | | | 577,778 | | | | 76,036 | | | | 653,814 | | | | 502,577 | | | | | | | | | | | | | | | | | | | | | | | | | | | Total notes payable | | | | | | | | $ | 1,541,778 | | | $ | 455,262 | | | $ | 1,997,040 | | | $ | 1,669,873 | |
| * | All notes payable are technically in default as they have matured. None of the note payable lenders have formally declared a default to the Company. The company is in process of obtaining forbearance confirmations that
the individual notes are not in default. The Company believes it will receive forbearance agreements from the note holders. If the
Company is unsuccessful the debt would be in default. |
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