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NOTES PAYABLE
3 Months Ended
Mar. 31, 2025
NOTES PAYABLE  
NOTES PAYABLE

NOTE 9 – NOTES PAYABLE

 

As of March 31, 2025 and December 31, 2024, notes payable amounted to:

 

 

 

March 31,

2025

 

 

December 31,

2024

 

Notes Payable – Round B

 

$250,000

 

 

$250,000

 

Total Notes Payable

 

$250,000

 

 

$250,000

 

 

As of March 31, 2025, remaining maturities of notes payable were as follows:

 

Remainder of 2025

 

 

250,000

 

 

 

 

250,000

 

Notes Payable – Round B

These notes bear a 10% annual interest rate, compounded calendar quarterly. Accrued interest of $39,431 and $32,470 was recorded at March 31, 2025 and December 31, 2024, respectively. The notes issued under Round B are due two years from the date of issuance. Due dates range from October 2025 through March 2026.