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Convertible Promissory Notes and Loans Payable (Tables)
 6 Months Ended
Jun. 30, 2026
Debt Instrument [Line Items]  
Schedule of Convertible Debentures

Convertible promissory notes consisted of the following at June 30, 2026:

 

Origination Date  Maturity Date  Interest Rate   Origination Principal Balance   Original Discount Balance   Period End Principal
Balance		   Period End Discount
Balance		   Payments   Period End Balance Note 
9/03/21  9/03/24   8%   346,500    (12,355)  $346,500   $7,550   $-    354,050(1)
9/03/21  9/03/24   8%   3,500    (125)   3,500    73    -    3,573(2)
9/30/22  Demand   8%   66,793    (19,250)   66,793    (19,250)   (17,826)   29,717(3)
9/14/23  Demand   8%   -    -    50,000    -    (5,000)   45,000(4)
                     $466,793   $(11,627)  $(22,826)  $432,340 

(1)

On September 3, 2021, the Company issued a three-year 8% convertible promissory note in the principal amount of $346,500 to Summit Holding V, LLC as part of the acquisition of SSI. The Company is required to make quarterly payments under the note in an amount equal to 50% of the adjusted net profit of SSI. Interest is payable quarterly in shares of common stock of the Company at a conversion price of $0.051272 per share. The note holder may convert outstanding principal and interest into shares of common stock at a conversion price of $0.051272 per share at any time during the term of the note. The Company recorded $12,355 for the beneficial conversion feature. This note is classified as a current liability for the six months ended June 30, 2026

 

The maturity due date of the note had been extended by the lender from September 3, 2025. The Company is working with the lender to restructure the note.

(2) On September 3, 2021, the Company issued a three-year 8% promissory note in the principal amount of $3,500 to Tierra Vista Partners, LLC as part of the acquisition of SSI. The Company is required to make quarterly payments under the note in an amount equal to 50% of the adjusted net profit of SSI. Interest is payable quarterly in common stock of the Company at a conversion price of $0.051272 per share. The note holder may convert outstanding principal and interest into shares of common stock at a conversion price of $0.051272 at any time during the term of the note. The Company recorded $125 for the beneficial conversion feature. This note is classified as a current liability for the three months ended June 30, 2026
(3) On September 30, 2022, the Company issued a convertible demand 8% promissory note in the principal amount of $66,793 to Robert Carmichael for funds to meet the working capital needs of LBI. There is no amortization schedule for the note and interest is payable in shares of common stock of the Company at a conversion price equal to the 90 day volume weighted average (VWAP) of the Company’s common stock prior to the quarterly interest payment date. This note is classified as a current liability as the note holder may demand payment or convert the outstanding principal at a conversion price of $0.021 per share at any time. The Company recorded $19,250 for the beneficial conversion feature.
(4)

On September 14, 2023, the Company issued a convertible demand 8% promissory note in the principal amount of $50,000 to Robert Carmichael for working capital needs of BLU3. There is no amortization schedule for the note, and interest is payable in shares of common stock of the Company at a conversion price equal to the 90 day (VWAP) of the Company’s common stock prior to the quarterly interest payment date. The note holder may demand payment or convert the outstanding principal at a conversion rate of $0.01351 per share at any time. The conversion rate was calculated at a 35% discount to the 90 day VWAP of the Company’s stock as of the date of the note. The Company recorded $-0- for the beneficial conversion feature. As this conversion rate is a fixed rate, the embedded conversion feature is not a derivative liability. The outstanding balance on this note was $45,000 as of December 31, 2025 and December 31, 2024. Mr. Carmichael has waived interest payments on this note effective September 14, 2023.

 

Demand Notes

 

On November 14, 2023, the Company issued a promissory note in the principal amount of $150,000 to Charles Hyatt, a director, for working capital requirements and payment of certain expenses in connection with the Company’s business combinations. The Note bears interest at a rate of 9.9% per annum, and has a default interest of 18% per annum. Interest payments are due and payable on a monthly basis. The Company may prepay the Note in whole or in part, at any time without premium or penalty. The balance of $280,000 was outstanding as of December 31, 2025, and the maturity date was extended from May 7, 2025 to November 5, 2025, pursuant to an amendment dated November 13, 2025.

 

On February 5, 2025, the Company borrowed funds through the issuance of a promissory note in the principal amount of $280,000 to Charles Hyatt, a Company director, for working capital requirements and payment of certain expenses in connection with the Company’s business combinations. The note bears interest at a rate of 9.9% per annum, and has a default interest rate of 18% per annum. Interest payments are due and payable on a monthly basis. The Company may prepay the note in whole or in part, at any time without premium or penalty. The balance of $280,000 was outstanding as of December, and the maturity date was extended from August 6, 2025 to November 5, 2025, pursuant to an amendment dated November 13, 2025.
Schedule of Breakdown Current and Long-term Amounts

A breakdown of current and long-term amounts due are as follows for the convertible promissory notes as of June 30, 2026:

 

   Summit
Holdings V,
LLC Note		   Tierra Vista
Partners,
LLC Note		   Robert
Carmichael
Note		   Robert
Carmichael
BLU3 Note		   Total 
   (1)   (2)   (3)   (4)     
2026  $346,500   $3,500   $66,793   $50,000   $466,793 
Discount and payments   7,550    73    (37,076)  $(5,000)  $(34,453)
Total Loan Payments  $354,050   $3,573   $29,717   $45,000   $432,340 
Current Portion of Loan Payable  $(354,050)  $(3,573)  $(29,717)  $(45,000)  $(432,340)
Non-Current Portion of Loan Payable  $-   $-   $-   $-   $- 
Schedule of Future Amortization of Loans Payable

 

   Navitas
2024
BLU3
(5)		   Navitas
2026
BLU3
(6)		   Navitas
2026
BTL
(7)		   Bank
United
2026
BLU3
(8)		    Total 
                      
2026  $3,245    2,873    2,275   $2,143    $10,536 
2027  $7,091    6,345    5,002    4,736    $23,174 
2028  $7,977    7,235    5,672    5,387    $26,271 
Thereafter  $708    2,631    4,747    8,499    $16,585 
Total Loan Payments  $19,022   $19,084   $17,696   $20,766    $76,566 
Current Portion of Loan Payable  $(6,686)  $(5,941)  $(4,697)  $(4,438) $(21,762)
Non-Current Portion of Loan Payable  $12,335   $13,142   $12,999   $16,328    $54,804 

 

(5)

On February 12, 2024, BLU3 executed an inventory finance agreement to finance the purchase of certain equipment stock through Navitas. The amount financed is $32,274 payable over 60 equal monthly installments of $715. The inventory finance agreement contains customary events of default. The loan balance as of June 30, 2026 was $19,022 and $28,123 as of December 31, 2025.

   
(6)

On June 10, 2026 BLU3 executed an equipment finance agreement to finance the purchase of certain plastic molding equipment through Navitas. The amount financed is $20,000 payable over 36 equal monthly instalments of $675.87. The equipment finance agreement contains customary events of default. The loan balance as of June 30, 2026 was $19,083.63.

   
(7) On October 4, 2024, Brownies Third Lung (BTL) an inventory finance agreement to finance the purchase of certain equipment stock through Navitas. The amount financed is $24,620.004 payable over 60 equal monthly instalments of $602. The inventory finance agreement contains customary events of default. The loan balance as of June 30, 2026 was $17,696.and $ 19,831 as of December 31, 2025.
   
(8) On March 23, 2026, BLU3 executed an equipment finance agreement with Bank United to purchase a forklift for the warehouse. The installment agreement is for $21,450.to purchase a forklift. The Interest rate is 12.87%. The monthly installment amount is $574.07 for 48 months. The first payment will be due on 05.01.2026. This loan is personally guaranteed by Mr. Carmichael. respectively).
Convertible Notes Payable [Member] | Summit Holding V, LLC [Member]  
Debt Instrument [Line Items]  
Schedule of Future Amortization of Notes Payable

 

   Payment
Amortization		 
     
2026   - 
Total Note Payments  $346,500 
Current portion of note payable   (346,500)
Non-Current Portion of Notes Payable  $- 
Convertible Debenture [Member] | Tierra Vista Partners, LLC [Member]  
Debt Instrument [Line Items]  
Schedule of Future Amortization of Notes Payable

 

    Payment
Amortization		  
       
2026     -   
Total Note Payments   $ 3,500  
Current portion of note payable     (3,500 )
Non-Current Portion of Notes Payable   $ -