v3.26.1
NOTE 5 - CONVERTIBLE NOTES PAYABLE, NET: Convertible Debt (Tables)
3 Months Ended
Mar. 31, 2026
March 31, 2026  
Convertible Debt

 

Description

Interest Rate

Maturity

Stated
Principal

 

Unamortized Debt Discount

 

Carrying Amount

Convertible note payable – in default

18%

July 2018

$

45,000

 

$

-

 

$

45,000

Series 2023 convertible notes

10%

Jun–Oct. 2026

 

34,000

 

 

-

 

 

34,000

Series 2025 convertible notes

10%

Feb–Oct. 2028

 

434,100

 

 

-

 

 

434,100

November 2025 convertible promissory note

15%

Sept. 7, 2026

 

55,555

 

 

(20,789)

 

 

34,766

Series 2026 convertible notes

10%

Feb 2029

 

10,000

 

 

(963)

 

 

9,037

Total convertible notes payable

 

578,655

 

 

(21,752)

 

 

556,903

Less: current portion

 

(134,555)

 

 

20,789

 

 

(113,766)

Total convertible notes payable
– long term

$

444,100

 

$

(963)

 

$

443,137

December 31, 2025  
Convertible Debt

 

Description

Interest Rate

Maturity

Stated
Principal

 

Unamortized Debt Discount

 

Carrying Amount

Convertible note payable – in default

18%

July 2018

$

45,000

 

$

-

 

$

45,000

November 2025 convertible promissory note

15%

Sept. 7, 2026

 

55,555

 

 

(32,483)

 

 

23,072

Series 2023 convertible notes

10%

Jun–Oct. 2026

 

34,000

 

 

-

 

 

34,000

Series 2025 convertible notes

10%

Feb–Oct. 2028

 

434,100

 

 

-

 

 

434,100

Total convertible notes payable

 

568,655

 

 

(32,483)

 

 

536,172

Less: current portion

 

(134,555)

 

 

32,483

 

 

(102,072)

Total convertible notes payable
– long term

$

434,100

 

$

-

 

$

434,100