|
Schedule of Convertible Note Payable - Long Term
| |
|
June 30, 2025 |
|
|
December 31, 2024 |
|
| |
|
|
|
|
|
|
| 16th Avenues Associates |
|
$ |
500,000 |
|
|
$ |
500,000 |
|
| Chase Mortgage, Inc. |
|
|
25,000 |
|
|
|
25,000 |
|
| Debt discount |
|
|
- |
|
|
|
- |
|
| Convertible note payable |
|
$ |
525,000 |
|
|
$ |
525,000 |
|
The
details of convertible notes payable, including accrued interest as of June 30, 2025, were as follows:
| Loan Source |
|
Loan Amount |
|
|
Accrued Interest
(as of June 30, 2025)
|
|
|
Balance Sheet Classification |
| Chase Mortgage, Inc. |
|
$ |
25,000 |
|
|
$ |
48,240 |
|
|
Convertible note payable |
| 16th Avenue Associates |
|
$ |
500,000 |
|
|
$ |
462,603 |
|
|
Convertible note payable- net of debt discount |
| Total |
|
$ |
525,000 |
|
|
$ |
510,843 |
|
|
|
|