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NOTE 7 - CONVERTIBLE NOTES (Tables) | 9 Months Ended
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Sep. 30, 2024
Note 7 - Convertible Notes |
NOTE 7 - CONV ERTIBLE NOTES - Schedule of Convertible Notes |
|  | September 30, |  | December 31,
|  | 2024 |  | 2023
Issued in fiscal year 2023 |  | $ | 28,193 |  |  | $ | 369,044 |
Issued in fiscal year 2024 |  |  | 4,011,775 |  |  |  | — |
Total convertible notes payable |  |  | 4,039,968 |  |  |  | 369,044 |
Less: Unamortized debt discount |  |  | (490,022 | ) |  |  | (39,012 | )
Total convertible notes |  |  | 3,549,946 |  |  |  | 330,032 |
Less: current portion of convertible notes |  |  | 3,549,946 |  |  |  | 330,032 |
Long-term convertible notes |  | $ | — |  |  | $ | — |
NOTE 7 - CONV ERTIBLE NOTES - Schedule of Convertible Notes |
Principal |  | Issuance |  | Maturity |  | Interest |  | Payment
amount |  | date |  | date |  | rate |  | schedule
$ | 146,900 |  |  |  | March 7, 2024 |  |  |  | January 15, 2025 |  |  |  | 12 | % |  | 10 payments each in the amount of $16,453 beginning on April 15, 2024
$ | 177,100 |  |  |  | March 7, 2024 |  |  |  | January 15, 2025 |  |  |  | 14 | % |  | 5 payments, one payment of $100,947 and four payments of $25,237, beginning in September 2024
$ | 179,400 |  |  |  | July 10, 2024 |  |  |  | April 30, 2025 |  |  |  | 14 | % |  | 9 payments each in the amount of $22,724 beginning on August 30, 2024
$ | 151,960 |  |  |  | September 16, 2024 |  |  |  | July 15, 2025 |  |  |  | 14 | % |  | 5 payments, one payment of $86,617 and four payments of $21,654, beginning in March 2025

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- Definition Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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