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NOTE 8 - CONVERTIBLE LOANS | 12 Months Ended
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Dec. 31, 2023
Debt Disclosure [Abstract] |
NOTE 8 - CONVERTIBLE LOANS | NOTE 8 - CONVERTIBLE LOANS During the year ended December 31, 2023, the Company borrowed from a third party totaling $284,760, which includes original issue discount and financing costs of $34,760. The note is due on June 1, 2024 and a one-time interest charge of 12% shall be applied. Accrued, unpaid interest and outstanding principal shall be paid in 10 payments each in the amount of $31,893 beginning on July 16, 2023. The note is convertible at the option of the holders at any time following an event of default, and the conversion price is 75% multiplied by the lowest trading price of Company’s common stock during the 10 trading days prior to the conversion date. During the years ended December 31, 2023 and 2022, the Company recorded interest expense of $23,919 and $0 and recognized amortization of discount, included in interest expense, of $24,332 and $0, respectively.

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