Quarterly report [Sections 13 or 15(d)]

RELATED PARTY TRANSACTIONS (Tables)

v3.25.3
RELATED PARTY TRANSACTIONS (Tables)
9 Months Ended
Sep. 30, 2025
Related Party Transactions [Abstract]  
SCHEDULE OF DEBT

  

    Original     Original   Original     Revised   Revised  
    Balance     maturity   rate     maturity   rate  
January 24, 2020 Amended Note   $ 100,000     7/19/2023     4 %   08/31/2026     Prime + 2 %
June 28, 2021 Note     100,000     6/28/2023     4 %   08/31/2026     Prime + 2 %
September 17, 2021 Note     500,000     9/17/2023     4 %   08/31/2026     Prime + 2 %
December 13, 2021 Note     500,000     12/13/2023     4 %   08/31/2026     Prime + 2 %
December 29, 2022 Note     2,000,000     8/1/2023     Prime + 4 %   08/31/2026     Prime + 2 %
March 3, 2023 Note     800,000     7/1/2023     Prime + 4 %   08/31/2026     Prime + 2 %
    $ 4,000,000                          
Less May 2024 repayment     (1,527,500 )                        
    $ 2,472,500

(1)

                       

 

(1) Such was the balance of the Amended Consolidated Secured Promissory Note before the Company received additional fundings, as mentioned below.