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Convertible Note (Tables)
9 Months Ended
Sep. 30, 2024
Convertible Notes  
Schedule of components of convertible notes

 

 

Principal

 

 

 

 

Interest

 

 

September 30,

 

 

December 31,

 

Payment date

 

Amount

 

 

Maturity date

 

Rate

 

 

2024

 

 

2023

 

August 11, 2022

 

$18,000

 

 

2/11/2023

 

 

2%

 

$-

 

 

$18,000

 

September 2, 2022

 

$17,000

 

 

3/2/2023

 

 

2%

 

 

-

 

 

 

17,000

 

April 1,2023

 

$19,000

 

 

Due on demand

 

 

2%

 

 

-

 

 

 

19,000

 

July 15, 2024

 

$795,000

 

 

7/15/2025

 

 

10%

 

 

795,000

 

 

 

-

 

August 15, 2024

 

$326,000

 

 

8/15/2025

 

 

10%

 

 

326,000

 

 

 

-

 

Total Convertible notes

 

 

 

 

 

 

 

 

 

 

 

$1,121,000

 

 

$54,000

 

Less: Unamortized debt discount

 

 

 

 

 

 

 

 

 

 

 

 

(487,893)

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

633,107

 

 

 

54,000

 

Less: Current portion

 

 

 

 

 

 

 

 

 

 

 

 

(633,107)

 

 

(54,000)

Long-term portion

 

 

 

 

 

 

 

 

 

 

 

$-

 

 

$-