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CONVERTIBLE NOTES PAYABLE
12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
CONVERTIBLE NOTES PAYABLE

11.       CONVERTIBLE NOTES PAYABLE

 

Convertible notes payable consisted of the following:

 

                
         As of December 31, 
         2024   2023 
   Issue date  Maturity date        
Convertible note A  August 1, 2023  December 31, 2024  $5,000   $ 
Convertible note B  August 8, 2023  December 31, 2024   5,000     
Convertible note C  November 11, 2023  December 31, 2024   160,000     
         $170,000   $ 

 

The Company issued convertible notes to seven third parties, for which the proceeds were used for operations. Convertible note A and B carried interest at 5% per annum. The convertible notes are convertible to shares of the Company’s common stock after 6 months of issuance unless such shares are covered by a resale registration statement. The conversion rate is determined at $0.02 per share.

 

These convertible notes were due on December 31, 2024. At the date of filing, the Company and these note holders are negotiating the final repayment plan.