6. Convertible Notes Payable |
3 Months Ended |
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Mar. 31, 2026 | |
| Notes | |
| 6. Convertible Notes Payable | 6. Convertible Notes Payable
The Company has issued convertible notes to various lenders including related parties. These notes bear interest at rates ranging from 5% to 12% per annum and may be convertible into common stock under specified terms. At March 31, 2026 and December 31, 2025 convertible notes payable was $183,270.
At March 31, 2026 and December 31, 2025, accrued interest payable on these notes was $44,453 and $39,112, respectively. Accrued interest payable is included in accounts payable and accrued expenses on the consolidated balance sheet. Interest expense for the three months ended March 31, 2026 and 2025 was $5,341 and $2,907, respectively. |
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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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