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Schedule of Convertible Debentures (Details)
3 Months Ended
Mar. 31, 2024
USD ($)
Debt Instrument [Line Items]  
Period End Principal Balance $ 413,746
Period End Discount Balance (11,865)
Period End Balance Net 401,881
Accrued Interest Balance
Convertible Debenture One [Member]  
Debt Instrument [Line Items]  
Origination Date Sep. 03, 2021 [1]
Maturity Date Sep. 03, 2024 [1]
Interest Rate 8.00% [1]
Origination Principal Balance $ 346,500 [1]
Original Discount Balance (12,355) [1]
Period End Principal Balance 346,500 [1]
Period End Discount Balance (2,186) [1]
Period End Balance Net 344,314 [1]
Accrued Interest Balance [1]
Convertible Debenture Two [Member]  
Debt Instrument [Line Items]  
Origination Date Sep. 03, 2021 [2]
Maturity Date Sep. 03, 2024 [2]
Interest Rate 8.00% [2]
Origination Principal Balance $ 3,500 [2]
Original Discount Balance (125) [2]
Period End Principal Balance 3,500 [2]
Period End Discount Balance (21) [2]
Period End Balance Net 3,479 [2]
Accrued Interest Balance [2]
Convertible Debenture Three [Member]  
Debt Instrument [Line Items]  
Origination Date Sep. 30, 2022 [3]
Interest Rate 8.00% [3]
Origination Principal Balance $ 66,793 [3]
Original Discount Balance (19,245) [3]
Period End Principal Balance 63,746 [3]
Period End Discount Balance (9,658) [3]
Period End Balance Net 54,088 [3]
Accrued Interest Balance [3]
Debt maturity date, description Demand [3]
[1] On August 21, 2020, the Company executed an installment sales contract with Mercedes Benz Coconut Creek for the purchase of a 2019 Mercedes Benz Sprinter delivery van. The installment agreement is for $55,841 with a zero interest rate payable over 60 months with a monthly payment of $931 and is personally guaranteed by Mr. Carmichael. The loan balance as of March 31, 2024 was $17,063 and $19,855 as of December 31, 2023.
[2] On May 19, 2021, BLU3 executed an equipment finance agreement with Navitas Credit Corp. (“Navitas”) to finance the purchase of certain plastic molding equipment. The amount financed is $75,764 payable over 60 equal monthly installments of $1,611. The equipment finance agreement contains customary events of default. The loan balance as of March 31, 2024 was $38,492 and $42,525 as of December 31, 2023.
[3] On June 29, 2022, SSI executed an equipment financing agreement with NFS Leasing (“NFS Leasing”) to secure replacement production molds. The total purchase price of the molds was $84,500 of which $63,375 was financed by NFS Leasing on August 15, 2022. The financing agreement has a 33 month term beginning in August 2022 with a monthly payment of $2,571. The financing agreement contains customary events of default, is guaranteed by the Company and NFS Leasing has a lien on all of the assets of SSI. The loan balance as of March 31, 2024 and December 31, 2023 was $32,448 and $38,607, respectively.