CONVERTIBLE PROMISSORY NOTE

12 Months Ended

Dec. 31, 2024

CONVERTIBLE PROMISSORY NOTE

CONVERTIBLE PROMISSORY NOTE

Note 7 – CONVERTIBLE PROMISSORY NOTE

On February 09, 2023, the Company issued a convertible promissory note (the “February 2023 Note”) at a face value of $133,000 to a third party at an interest rate of 12% per annum. Net proceeds received against the promissory note is $116,000 with a discount of $17,000. Maturity date of the note is 12 months from the date of issue. The extended payment date shall be thirty six (36) months from the issue date.

	As of December 31, 2024
	Face value		Discount on Promissory Note		Net payable		Accrued Interest
Convertible Promissory Note	$	132,500	$	0	$	132,500	$	30,111
Total	$	132,500	$	0	$	132,500	$	30,111

	As of December 31, 2023
	Face value		Discount on Promissory Note			Net payable		Accrued Interest
Convertible Promissory Note	$	133,000	$	(1,863	)	$	130,637	$	14,200
Less: Common Stock Issued	$	500
Total	$	132,500	$	(1,863	)	$	130,637	$	14,200

On October 27, 2023, 500,000 shares of common stock was issued at a rate of $0.001 to settle the promissory note value of $500.

Accrued Interest as of December 31, 2024, is $30,111 and December 31, 2023, is $ 14,200. The promissory note payable is $ 132,500 and $130,637 as of December 31, 2024, and December 31, 2023.

Total interest expenses of $15,911  and $14,200  for the year ended December 31, 2024, and 2023.