The
amortized cost of the Convertible Note consisted of the following:
SCHEDULE
OF AMORTIZED COST OF THE CONVERTIBLE NOTE
| | |
| | |
| Convertible Note Principal- Issued in November 2024 | |
$ | 1,635,000 | |
| Debt issuance discount | |
| (135,000 | ) |
| Debt discount of fair value for pre-delivery Shares | |
| (1,499,150 | ) |
| Interest accrued | |
| 11,970 | |
| Convertible Notes Principal and accrued interest as of December 31, 2024 | |
| 12,820 | |
| | |
| | |
| Amortization of debt discount and fair value for pre-delivery shares | |
| 1,421,069 | |
| Principal and accrued interest converted into Common stock | |
| (1,382,664 | ) |
| Convertible Notes Principal and accrued interest as of June 30, 2025 | |
$ | 51,225 | |
|