CONVERTIBLE NOTE PAYABLE – RELATED PARTY

6 Months Ended

Jun. 30, 2025

Debt Disclosure [Abstract]

CONVERTIBLE NOTE PAYABLE – RELATED PARTY

NOTE 7 – CONVERTIBLE NOTE PAYABLE – RELATED PARTY

On December 5, 2023, the Company issued a Convertible Exchange Note to John Murphy, for $144,501. The Note is unsecured, non-interest bearing, and matures on December 4, 2024. The note is convertible into shares of common stock at a 50% discount to the lowest trading price for the twenty-five days prior to conversion. On March 8, 2024, the Company repaid $70,000 of the loan. As of June 30, 2025 and December 31, 2024, the balance of the note is $74,501 and $74,501, respectively.

In connection with the acquisition of Jubilee Intel, LLC in the prior year, debt obligations totaling $97,424, including accrued interest, owed to Selkirk Global Holdings, LLC (“Selkirk”) under notes dated October 6, 2022, and April 6, 2023, were canceled as part of the merger consideration. In May 2025, following the termination of the merger agreement and the Company’s transfer of its membership interest in Jubilee Intel, LLC, the previously canceled debt was reinstated.

As a result, the Company recognized the reinstated debt of $97,424, including accrued interest, as a liability on its balance sheet as of June 30, 2025. Additional interest expense of $8,509 was accrued through June 30, 2025, in accordance with the original note terms, which bear interest at 10% per annum, and is included in interest expense in the condensed statement of operations.

As of June 30, 2025, the outstanding principal balance of the notes was $78,956, and accrued interest totaled $26,977.