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CONVERTIBLE NOTES PAYABLE AND NOTES PAYABLE
 3 Months Ended
Mar. 31, 2026
Convertible Notes Payable And Notes Payable  
CONVERTIBLE NOTES PAYABLE AND NOTES PAYABLE

NOTE 5 – CONVERTIBLE NOTES PAYABLE AND NOTES PAYABLE

 

Upon inception, the Company evaluates each financial instrument to determine whether it meets the definition of “conventional convertible” debt under ASC 470.

 

Convertible Notes Payable

 

The following tables reflect the convertible notes payable at March 31, 2026 and December 31, 2025:

 

    Issue Date   Maturity
Date		   March 31,
2026		     December 31,
2025		     Rate   Conversion
Price		  
            Principal
Balance		     Principal
Balance		            
Convertible notes payable - in default                      
Notes payable, Face Value   08/28/09   11/01/09   $ 4,300     $ 4,300     10.00%   $ 0.0150  
Notes payable, Face Value   11/20/12   05/20/13     50,000       50,000     6.00%     0.0050  
Notes payable, Face Value   01/19/13   07/30/13     5,000       5,000     6.00%     0.0040  
Notes payable, Face Value   02/11/13   08/11/13     9,000       9,000     6.00%     0.0060  
Notes payable, Face Value   09/25/13   03/25/14     10,000       10,000     6.00%     0.0125  
Notes payable, Face Value   10/04/13   04/04/14     50,000       50,000     6.00%     0.0125  
Notes payable, Face Value   05/15/14   11/15/14     40,000       40,000     6.00%     0.0070  
Notes payable, Face Value   09/18/15   03/18/16     25,000       25,000     6.00%     0.0020  
Notes payable, Face Value   07/19/16   07/19/17     4,000       4,000     6.00%     0.0015  
Notes payable, Face Value   02/06/18   11/07/18     6,000       6,000     6.00%     0.0006  
Notes payable, Face Value   03/06/18   09/06/18     6,000       6,000     6.00%     0.0006  
Notes payable, Face Value   01/03/19   07/03/19     1,000       1,000     6.00%     0.0010  
Notes payable, Face Value   09/04/19   03/04/20     25,000       25,000     6.00%     0.0030  
Notes payable, Face Value   03/18/24   03/18/25     -       50,000     6.00%     0.0020  
Notes payable, Face Value    03/28/24   03/28/25     -       100,000     6.00%     0.0020  
Notes payable, Face Value   06/24/25   07/24/25     15,000       15,000     6.00%     0.0020  
Notes payable, Face Value   07/02/25   10/02/25     75,000       75,000     6.00%     0.0016  
                                     
Balance convertible notes payable - in default   $ 325,300     $ 475,300              
    Issue Date   Maturity
Date		   March 31,
2026		     December 31,
2025		     Rate   Conversion
Price		  
            Principal
Balance		     Principal
Balance		            
Convertible notes payable - related parties, in default                      
Notes payable, Face Value   01/09/09   01/09/10   $ 10,000     $ 10,000     10.00%   $ 0.0150  
Notes payable, Face Value   01/25/10   01/25/11     6,000       6,000     6.00%     0.0050  
Notes payable, Face Value   01/18/12   07/18/12     50,000       50,000     8.00%     0.0040  
Notes payable, Face Value   01/19/13   07/30/13     15,000       15,000     6.00%     0.0040  
Notes payable, Face Value   07/26/13   01/26/14     10,000       10,000     6.00%     0.0100  
Notes payable, Face Value   01/17/14   07/17/14     31,500       31,500     6.00%     0.0060  
Notes payable, Face Value   05/27/14   11/27/14     7,000       7,000     6.00%     0.0070  
Notes payable, Face Value   07/21/14   01/25/15     17,000       17,000     6.00%     0.0080  
Notes payable, Face Value   10/16/14   04/16/15     21,000       21,000     6.00%     0.0045  
Notes payable, Face Value   07/14/15   01/14/16     9,000       9,000     6.00%     0.0030  
Notes payable, Face Value    01/12/16   07/12/16     5,000       5,000     6.00%     0.0020  
Notes payable, Face Value   05/10/16   11/10/16     5,000       5,000     6.00%     0.0005  
Notes payable, Face Value   05/10/16   11/10/16     5,000       5,000     6.00%     0.0005  
Notes payable, Face Value    05/20/16   11/20/16     5,000       5,000     6.00%     0.0005  
Notes payable, Face Value   07/12/16   01/12/17     2,400       2,400     6.00%     0.0006  
Notes payable, Face Value    01/26/17   03/12/17     -       5,000     6.00%     0.0005  
Notes payable, Face Value    02/14/17   08/14/17     25,000       25,000     6.00%     0.0008  
Notes payable, Face Value   08/16/17   09/16/17     3,000       3,000     6.00%     0.0008  
Notes payable, Face Value   01/09/18   01/09/19     12,000       12,000     6.00%     0.0006  
Notes payable, Face Value   03/14/18   05/14/18     25,000       25,000     6.00%     0.0007  
Notes payable, Face Value   04/04/18   06/04/18     3,000       3,000     6.00%     0.0007  
Notes payable, Face Value    04/11/18   06/11/18     25,000       25,000     6.00%     0.0007  
Notes payable, Face Value    05/08/18   07/08/18     25,000       25,000     6.00%     0.0007  
Notes payable, Face Value    05/30/18   08/30/18     25,000       25,000     6.00%     0.0007  
Notes payable, Face Value   06/12/18   09/12/18     3,000       3,000     6.00%     0.0007  
Notes payable, Face Value   06/20/18   09/12/18     500       500     6.00%     0.0007  
Notes payable, Face Value   08/27/18   02/27/19     2,000       2,000     6.00%     0.0007  
Notes payable, Face Value   10/02/18   04/02/19     1,000       1,000     6.00%     0.0008  
Notes payable, Face Value   10/23/18   04/23/19     4,200       4,200     6.00%     0.0007  
Notes payable, Face Value   11/07/18   05/07/19     2,000       2,000     6.00%     0.0008  
Notes payable, Face Value   11/14/18   05/14/19     8,000       8,000     6.00%     0.0008  
Notes payable, Face Value   01/08/19   07/08/19     7,000       7,000     6.00%     0.0008  
Notes payable, Face Value   04/25/19   10/23/19     20,000       20,000     6.00%     0.0040  
Notes payable, Face Value   06/07/19   12/07/19     5,100       5,100     6.00%     0.0030  
Notes payable, Face Value   09/17/19   04/17/20     12,000       12,000     6.00%     0.0030  
Notes payable, Face Value    11/12/19   05/12/20     25,000       25,000     6.00%     0.0025  
Notes payable, Face Value   11/26/19   05/26/20     25,200       25,200     6.00%     0.0030  
Notes payable, Face Value    12/03/19   06/03/20     15,000       15,000     6.00%     0.0030  
Notes payable, Face Value    01/07/20   06/20/20     51,000       51,000     6.00%     0.0030  
Notes payable, Face Value    08/06/20   02/06/21     25,200       25,200     6.00%     0.0035  
Notes payable, Face Value   08/06/20   02/06/21     35,000       35,000     6.00%     0.0035  
Notes payable, Face Value   08/14/20   02/14/21     50,400       50,400     6.00%     0.0035  
Notes payable, Face Value   10/13/21   04/13/22     3,000       3,000     2.00%     0.0020  
Notes payable, Face Value   11/10/21   05/10/22     3,000       3,000     6.00%     0.0020  
Notes payable, Face Value    07/06/22   01/06/23     20,000       20,000     6.00%     0.0015  
Notes payable, Face Value   07/29/22   01/28/23     10,000       10,000     6.00%     0.0020  
Notes payable, Face Value   08/04/22   02/04/23     10,000       10,000     6.00%     0.0020  
Notes payable, Face Value   07/24/23   09/24/23     5,000       5,000     1.00%     0.00175  
Notes payable, Face Value   12/11/24   06/11/25     15,000       15,000     6.00%     0.0020  
Balance convertible notes payable - related parties, in default   $ 699,500     $ 704,500              
                                     
Balance all convertible notes payable $ 1,024,800     $ 1,179,800              

Notes Payable

 

The following tables reflect the notes payable at March 31, 2026 and December 31, 2025:

 

    Issue Date   Maturity
Date		   March 31,
2026		     December 31,
2025		     Rate
            Principal
Balance		     Principal
Balance		      
Notes payable                            
Notes payable, Face Value   12/02/25   02/23/26   $  -       50,000     12.00%
Total             -       50,000      
 Less unamortized discounts             -       (4,783)      
Balance notes payable           $ -     $ 45,217      
                             
    Issue Date   Maturity
Date		   March 31,
2026		     December 31,
2025		     Rate
            Principal
Balance		     Principal
Balance		      
Notes payable - in default                            
Notes payable, Face Value   04/27/11   04/27/12   $ 5,000     $ 5,000     6.00%
Notes payable, Face Value   12/14/17   12/14/18     2,000       2,000     6.00%
Notes payable, Face Value   11/29/17   11/29/19     105,000       105,000     2.06%
Notes payable, Face Value   11/10/23   05/10/25     500,000       500,000     6.00%
Notes payable, Face Value    02/28/24   05/10/25     350,000       350,000     6.00%
Notes payable, Face Value    04/01/24   04/01/25     150,000       150,000     6.00%
Notes payable, Face Value    12/02/25   02/23/26     50,000       -     12.00%
Balance notes payable – default           $ 1,162,000     $ 1,112,000      
                             
    Issue Date   Maturity
Date		   March 31,
2025		     December 31,
2025		     Rate
            Principal
Balance		     Principal
Balance		      
Notes payable - related parties, in default                            
Notes payable, Face Value   02/24/10   02/24/11   $ 7,500     $ 7,500     6.00%
Notes payable, Face Value   10/06/15   11/15/15     10,000       10,000     6.00%
Notes payable, Face Value   02/08/18   04/09/18     1,000       1,000     6.00%
Balance notes payable - related parties, in default           $ 18,500     $ 18,500      
                             
Balance all notes payable           $ 1,180,500     $ 1,175,717      

  

Terms of Related Party Convertible Notes Payable and Related Party Notes Payable

 

The Company’s related party convertible notes payable and related party notes payable may contain terms that are not indicative of the terms that would normally be agreeable to non related third parties.

 

New Convertible Notes Payable Issued During the Three Month Periods Ended March 31, 2026 and 2025

 

During the three month periods ended March 31, 2026 and 2025 the Company did not enter into any convertible notes payable or notes payable agreements.

 

Repayments of Notes Payable

 

The Company did not repay any of its notes payable during the three month periods ended March 31, 2026 and 2025.

 

Note Conversions

 

Period Ended March 31, 2026

 

The Company issued 13,681,348 shares of restricted common stock to a related party to settle $5,000 of the principal balance of a convertible promissory note dated January 6, 2017 and $8,994 of the accrued interest owed on seventeen convertible notes payable. The balance of the convertible note was $0 at March 31, 2026.

The Company issued 111,490,411 shares of restricted common stock to settle $111,490 of the principal and accrued interest owed on a convertible note payable dated March 28, 2024. The Company recorded a loss on extinguishment of debt of $234,245 on the conversion. The balance of the convertible note was $0 at March 31, 2026.

 

The Company issued 55,827,397 shares of restricted common stock to settle $55,827 of the principal and accrued interest owed on a convertible note payable dated March 18, 2024. The balance of the convertible note was $0 at March 31, 2026.

 

There were no note conversions during the three month period ended March 31, 2025.

 

Shareholder Loan

 

At March 31, 2026 and December 31, 2025, the Company had the following loans outstanding to its CEO in the total amount of $5,000 as follows:

 

  - A loan with no due date with a $1,500 remaining balance and an interest rate of 2% and a conversion rate of $0.0005; and

 

  - A loan due on September 9, 2022 with a remaining balance of $3,500, and an interest rate of 1%.

 

Collateralized Promissory Notes

 

Two convertible notes outstanding with related parties, dated January 9, 2009 and January 18, 2012 totalling $60,000 are collateralized by Company assets.