March 31, 2025

(unaudited)

December 31,

2024

Convertible notes

$

1,263,000

$

1,651,000

Accrued interest

564,000

1,006,000

Total outstanding debt, including $1,207,000 and $2,339,000 in default at March 31, 2025 and December 31, 2024, respectively

1,827,000

2,657,000

Unamortized debt discount

(320,000

)

(133,000

)

Balance on convertible notes, net of note discounts

$

1,507,000

$

2,524,000