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LINE OF CREDIT	6 Months Ended
Jun. 30, 2024
Line Of Credit
LINE OF CREDIT	NOTE 5 – LINE OF CREDIT On April 14, 2022, the Company entered into a binding Grid Promissory Note and Credit Facility Agreement (the “Line of Credit”) with The Cellular Connection Ltd. (the “Lender”). Pursuant to the Line of Credit, the Company can borrow from the Lender up to CAD $750,000 in principal in increments of at least CAD $50,000 upon five business days’ notice and the outstanding principal bears interest at 8% per annum, payable monthly. The outstanding principal and all accrued interest became due and payable in full on May 1, 2024, the maturity date of the Line of Credit. Any indebtedness under the Line of Credit are secured against accounts receivable and inventory of the Company, and is convertible into shares of common stock of the Company at the Company’s option any time after twelve months from the first advance at a conversion price of $0.10 per share, subject to a restriction on the Lender holding more than 4.99% of the Company’s Common Shares. As of June 30, 2024 and December 31, 2023, the Line of Credit of $801,485 (principal $735,539 (CAD $1,007,174) and interest of $65,946) and $629,507 (principal $588,295 (CAD $780,336) and interest of $41,212), respectively, was outstanding. The consolidated statement of operations includes interest expense of $14,218 and $8,987 for the three months ended June 30, 2024 and 2023, respectively, and $26,229 and $15,780 for the six months ended June 30, 2024 and 2023, respectively.

LINE OF CREDIT

6 Months Ended

Jun. 30, 2024

NOTE 5 – LINE OF CREDIT

On April 14, 2022, the Company entered into a binding Grid Promissory Note and Credit Facility Agreement (the “Line of Credit”) with The Cellular Connection Ltd. (the “Lender”). Pursuant to the Line of Credit, the Company can borrow from the Lender up to CAD $750,000 in principal in increments of at least CAD $50,000 upon five business days’ notice and the outstanding principal bears interest at 8% per annum, payable monthly. The outstanding principal and all accrued interest became due and payable in full on May 1, 2024, the maturity date of the Line of Credit. Any indebtedness under the Line of Credit are secured against accounts receivable and inventory of the Company, and is convertible into shares of common stock of the Company at the Company’s option any time after twelve months from the first advance at a conversion price of $0.10 per share, subject to a restriction on the Lender holding more than 4.99% of the Company’s Common Shares. As of June 30, 2024 and December 31, 2023, the Line of Credit of $801,485 (principal $735,539 (CAD $1,007,174) and interest of $65,946) and $629,507 (principal $588,295 (CAD $780,336) and interest of $41,212), respectively, was outstanding. The consolidated statement of operations includes interest expense of $14,218 and $8,987 for the three months ended June 30, 2024 and 2023, respectively, and $26,229 and $15,780 for the six months ended June 30, 2024 and 2023, respectively.