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NOTE 6 – PROPERTY AND EQUIPMENT | 12 Months Ended
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Dec. 31, 2023
Property, Plant and Equipment [Abstract] |
NOTE 6 – PROPERTY AND EQUIPMENT | NOTE 6 – PROPERTY AND EQUIPMENT Property and equipment at December 31, 2023 and 2022 consisted of the following:
|  | December 31, |  | December 31,
|  | 2023 |  | 2022
Telecommunication equipment |  | $ | 386,700 |  |  | $ | 317,958 |
Telecommunication software |  |  | 836,840 |  |  |  | 640,566 |
Other equipment |  |  | 99,892 |  |  |  | 99,126 |
Total property and equipment |  |  | 1,323,432 |  |  |  | 1,057,650 |
Accumulated depreciation and amortization |  |  | (800,435 | ) |  |  | (656,629 | )
Total property and equipment |  | $ | 522,997 |  |  | $ | 401,021 |
Depreciation expense for the years ended December 31, 2023 and 2022 amounted to $128,737 and $120,117, respectively. NOTE 7 –LOANS PAYABLE Loans payable at December 31, 2023 and 2022 consisted of the following:
|  | December 31, |  | December 31, |  |  |  | Interest
|  | 2023 |  | 2022 |  | Term |  | rate
Martus |  | $ | 103,738 |  |  | $ | 94,342 |  |  | Note was issued on October 23, 2018 and due on January 2, 2024 |  |  | 5.0 | %
Darlene Covid19 |  |  | 99,099 |  |  |  | 108,150 |  |  | Note was issued on April 1, 2020 and due on March 31, 2025 |  |  | 0.0 | %
Promissory note payable |  |  | 165,000 |  |  |  | — |  |  | Note was issued April 4, 2023 and due on April 4, 2024 |  |  | 24.0 | %
Promissory note payable |  |  | 256,760 |  |  |  | — |  |  | Note was issued December 6, 2023 and due on October 15, 2024 |  |  | 12.0 | %
Total |  |  | 624,597 |  |  |  | 202,492 |  |  |  |  |  |  |
Less: Unamortized debt discount |  |  | (32,334 | ) |  |  | — |  |  |  |  |  |  |
Total loans payable |  |  | 592,263 |  |  |  | 202,492 |  |  |  |  |  |  |
Less: Current portion of loans payable |  |  | (493,164 | ) |  |  | (94,342 | ) |  |  |  |  |  |
Long-term loans payable |  | $ | 99,099 |  |  | $ | 108,150 |  |  |  |  |  |  |
Loans payable - related parties at December 31, 2023 and 2022 consisted of the following:
|  | December 31, |  | December 31, |  |  |  | Interest
|  | 2023 |  | 2022 |  | Term |  | rate
49% of Shareholder of SwissLink |  | $ | 21,606 |  |  | $ | 19,649 |  |  | Note is due on demand |  |  | 0 | %
49% of Shareholder of SwissLink |  |  | 237,841 |  |  |  | 216,300 |  |  | Note is due on demand |  |  | 5 | %
Total |  |  | 259,447 |  |  |  | 235,949 |  |  |  |  |  |  |
Less: Current portion of loans payable –related parties |  |  | 259,447 |  |  |  | 235,949 |  |  |  |  |  |  |
Long-term loans payable – related parties |  | $ | — |  |  | $ | — |  |  |  |  |  |  |
During the years ended December 31, 2023 and 2022, the Company borrowed from third parties totaling $421,760 and $0, which includes original issue discount and financing costs of $46,760 and $0 and repaid the principal amount of $18,559 and $232,018, respectively. During the years ended December 31, 2023 and 2022, the Company recorded interest expense of $32,231 and $22,234 and recognized amortization of discount, included in interest expense, of $14,426 and $7,407, respectively.

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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1 + Details
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