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SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2024
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 18 — SUBSEQUENT EVENTS

 

In accordance with SFAS 165 (ASC 855-10) management has performed an evaluation of subsequent events through the date that the financial statements were issued and has determined that it has the following material subsequent events to disclose in these financial statements.

 

On March 7, 2025, the Company issued an 8% Convertible Promissory Note in the principal amount of $50,000 to an Investor. The note matures on March 6, 2026, and is convertible into shares of common stock at a 50% discount of the average closing price during the ten trading days prior to conversion.

 

The Company entered into a Line of Credit Agreement (“LOC”), made and entered into effective as of February 24, 2025, but is effective as of the October 1, 2024 (“Effective Date”) with NMG Media, LLC (the “Lender”). The Company received a loan from the lender for $26,160 and is not memorializing that loan into a LOC. The LOC bears interest at 6% and matures in 180 days.