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NOTE 10 - CONVERTIBLE LOANS (Tables) | 12 Months Ended
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Dec. 31, 2024
Debt Disclosure [Abstract] |
NOTE 10 - CONV ERTIBLE NOTES - Schedule of Convertible Notes |
|  | December 31, |  | December 31,
|  | 2024 |  | 2023
Issued in fiscal year 2023 |  | $ | — |  |  | $ | 369,044 |
Issued in fiscal year 2024 |  |  | 5,225,308 |  |  |  | — |
Total convertible notes payable |  |  | 5,225,308 |  |  |  | 369,044 |
Less: Unamortized debt discount |  |  | (348,950 | ) |  |  | (39,012 | )
Total convertible notes |  |  | 4,876,358 |  |  |  | 330,032 |
Less: current portion of convertible notes |  |  | 1,864,432 |  |  |  | 330,032 |
Long-term convertible notes |  | $ | 3,011,926 |  |  | $ | — |
NOTE 10 - 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
$ 179,400 | October 15, 2024 | July 15, 2025 | 14% | 9 payments each in the amount of $22,724 beginning on November 30, 2024
$ 1,578,947 | December 6, 2024 | June 4, 2025 | 24% | Outstanding balance shall be paid on June 4, 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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