Quarterly report [Sections 13 or 15(d)]

CONVERTIBLE PROMISSORY DEBENTURES (Tables)

v3.25.3
CONVERTIBLE PROMISSORY DEBENTURES (Tables)
 9 Months Ended
Sep. 30, 2025
Debt Disclosure [Abstract]  
SCHEDULE OF CONVERTIBLE NOTES PAYABLE

Convertible notes payable consisted of the following:

 

Note Holder/Original Issuance Date   Maturity Date   Cash
Received		     Outstanding
Balance as of
September 30, 2025		     Outstanding
Balance as of
December 31, 2024		  
Osher Capital Partners LLC                            
January 28, 2020 (“Note 1”)   December 31, 2027   $ 350,005     $ 834,771     $ 620,553  
June 22, 2022 (“Note 2”)   December 31, 2027     75,000       139,559       103,745  
August 31, 2022 (“Note 2”)   December 31, 2027     100,000       182,302       135,520  
September 20, 2022 (“Note 2”)   December 31, 2027     100,000       182,302       135,520  
October 20, 2022 (“Note 2”)   December 31, 2027     100,000       178,670       127,000  
November 14, 2022 (“Note 2”)   December 31, 2027     50,000       90,531       64,350  
December 22, 2022 (“Note 2”)   December 31, 2027     100,000       175,856       125,000  
July 18, 2023 (“Note 3”)   December 31, 2027     60,000       97,662       72,600  
December 7, 2023 (“Note 3”)   December 31, 2027     40,000       65,108       48,400  
May 13, 2024 (“Note 4”)   December 31, 2027     35,000       55,584       40,000  
August 19, 2024 (“Note 4”)   December 31, 2027     7,500       11,139       8,250  
November 19, 2024 (“Note 4”)   December 31, 2027     8,000       11,556       8,800  
April 15, 2025   December 31, 2027     20,000       27,570       -  
                             
Brio Capital Master Fund, Ltd.                            
March 23, 2022 (“Note 2”)   December 31, 2027     100,000       192,311       142,960  
November 9, 2022 (“Note 2”)   December 31, 2027     75,000       136,727       101,640  
January 20, 2023 (“Note 3”)   December 31, 2027     50,000       87,928       62,500  
February 9, 2023 (“Note 3”)   December 31, 2027     50,000       87,928       62,500  
July 20, 2023 (“Note 3”)   December 31, 2027     40,000       65,108       48,400  
January 8, 2024 (“Note 4”)   December 31, 2027     40,000       63,402       44,000  
May 13, 2024 (“Note 4”)   December 31, 2027     35,000       55,584       40,000  
August 20, 2024 (“Note 4”)   December 31, 2027     11,500       17,074       12,650  
November 19, 2024 (“Note 4”)   December 31, 2027     8,000       11,556       8,800  
April 23, 2025   December 31, 2027     10,000       13,748       -  
July 21, 2025   July 21, 2026    

5,000

      

5,500

          
                             
Various third-party noteholders                            
Various dates in fiscal 2024 (“Note 4”)   November 19, 2025     8,000       8,800       8,800  
Various dates in fiscal 2025 (“Note 5”)   Due on various dates from April 15, 2026 through September 12, 2026     334,500       371,800       -  
FY 2025 Regulation D   Primarily January 9, 2026     345,197       379,717       -  
Total convertible notes payable       $ 2,157,702     $ 3,549,793     $ 2,021,988  
Original issue discount                 (753,298 )     (117,868 )
Debt discount                 (286,981 )     (12,384 )
                             
Total convertible notes payable               $ 2,509,514     $ 1,891,736  
SCHEDULE OF PRINCIPAL PAYMENTS DUE ON CONVERTIBLE PROMISSORY DEBENTURES

Principal payments on convertible promissory debentures are due as follows:

 

Year ending December 31,      
2025 (excluding the nine months ended September 30, 2025)   $ 8,800  
2026     757,018  
2027     2,783,975  
Long-Term Debt   $ 3,549,793  
SCHEDULE OF CHANGES IN CONVERTIBLE NOTES

Changes in convertible notes were as follows:

 

    Note 1     Note 2     Note 3     Note 4     Reg D     Note 5     Totals  
Convertible notes payable as of December 31, 2023   $ 864,136     $ 1,379,500     $ 264,000     $ -     $ -     $ -     $ 2,507,636  
                                                         
Convertible notes payable issued in 2024     56,416       97,655       30,400       879,029       -       -       1,063,500  
Conversion of debt for common stock     (299,999 )     (541,419 )     -       (707,730 )     -       -       (1,549,148 )
Convertible notes payable as of December 31, 2024   $ 620,553     $ 935,736     $ 294,400     $ 171,299     $ -     $ -     $ 2,021,988  
                                                         
Convertible notes payable issued in 2025     -       -       -       -       379,717       410,300       790,017  
Extension of convertible notes payable     214,218       342,522       109,334       63,396       -       8,318       737,788  
Convertible notes payable as of September 30, 2025   $ 834,771     $ 1,278,258     $ 403,734     $ 234,695     $ 379,717     $ 418,618     $ 3,549,793  
SCHEDULE OF CHANGES IN NOTE DISCOUNTS

Changes in note discounts were as follows:

 

    Note 1     Note 2     Note 3     Note 4     Reg D     Note 5     Totals  
Note discounts as of December 31, 2023   $ 114,995     $ 100,810     $ 81,532     $ -     $ -     $ -     $ 297,337  
                                                         
Note discounts issued in conjunction with debt in 2024     56,414       97,657       30,400       487,771       -               672,242  
2024 accretion of note discounts     (129,214 )     (145,792 )     (95,981 )     (468,340 )     -               (839,327 )
Note discounts as of Dec 31, 2024   $ 42,195     $ 52,675     $ 15,951     $ 19,431     $ -     $ -     $ 130,252  
                                                         
Note discounts issued in conjunction with debt in 2025     214,219       342,522       109,334       63,395       165,500       332,825       1,227,795  
2025 accretion of note discounts     (50,783 )     (65,545 )     (20,059 )     (19,790 )     (113,776 )     (47,815 )     (317,768 )
Note discounts as of September 30, 2025   $ 205,631     $ 329,652     $ 105,226     $ 63,036     $ 51,724     $ 285,010     $ 1,040,279  
                                                         
Convertible notes payable, net, as of Dec 31, 2024   $ 578,358     $ 883,061     $ 278,449     $ 151,868     $ -     $ -     $ 1,891,736  
Convertible notes payable, net, as of September 30, 2025   $ 629,140     $ 948,606     $ 298,508     $ 171,659     $ 327,993     $ 133,608     $ 2,509,514  
                                                         
2024 Effective interest rate     21 %     16 %     33 %     273 %     -%       -%       42 %
2025 Effective interest rate     6 %     5 %     5 %     8 %     30 %     11 %     9 %