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Convertible Promissory Note
 12 Months Ended
Dec. 31, 2025
Convertible Promissory Note  
Convertible Promissory Note

7. Convertible Promissory Note

 

Convertible promissory note consist of the following at December 31, 2025 and 2024:

Schedule of Convertible Debt 

 

   December 31,
2025		   December 31,
2024		 
Convertible promissory note  $20,000    20,000 
Accrued interest   26,137    23,137 
Total principal and accrued interest (all current)  $46,137   $43,137 

 

On November 5, 2018, the Company completed the acquisition of Incumaker, Inc. and assumed certain outstanding convertible notes payable. At December 31, 2024, there was one remaining assumed convertible note payable outstanding that matured July 2017. The Company continues to be unsuccessful in reaching the Note holder to remit payment in full. At December 31, 2024, the principal balance of $20,000 and accrued interest of $23,137 are convertible at $1.50 per share into 28,758 shares of the Company’s common stock. At December 31, 2025, the principal balance of $20,000 and accrued interest of $26,137 are convertible at $1.50 per share into 30,758 shares of the Company’s common stock.