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Note Payable
3 Months Ended
Mar. 31, 2025
Note Payable [Abstract]  
NOTE PAYABLE

NOTE 7 – NOTE PAYABLE

 

On November 29, 2021, the Company entered into a Master Equipment Finance Agreement (the “MFA”) with VFS LLC (“VFS”) which would allow the Company to finance the purchase of certain equipment. The collateral and interest rate are determined at the time the Company borrows the funds. During the year ended December 31, 2022, the Company received, as an initial draw on the MFA, $875,000 from VFS (the “Equipment Loan”). The Equipment Loan is secured by bitcoin mining computers being utilized by DMINT. The Equipment Loan requires monthly payments of $24,838 until the loan is repaid in full or it matures on March 1, 2025. During the three months ended March 31, 2025, the Company made repayments of $38,838. As of March 31, 2025 and December 31, 2024, the note payable balance was $164,101 and $202,939, respectively. The Company is currently in negotiations with VFS to extend the term of the loan.