NOTES PAYABLE AND LOAN FACILITY (Tables)
|
3 Months Ended |
Mar. 31, 2026 |
| Short-Term Debt [Line Items] |
|
| SCHEDULE OF SHAREHOLDER, CONVERTIBLE AND CONTINGENTLY CONVERTIBLE NOTES PAYABLE |
The
following table summarizes shareholder, convertible and contingently convertible notes payable:
SCHEDULE OF SHAREHOLDER, CONVERTIBLE AND CONTINGENTLY CONVERTIBLE NOTES PAYABLE
| | |
March 31, | | |
December 31, | |
| | |
2026 | | |
2025 | |
| | |
| | |
| |
| Shareholder, convertible and contingently convertible notes | |
$ | 19,500 | | |
$ | 19,500 | |
| Accrued interest | |
| 12,324 | | |
| 11,934 | |
| | |
| | | |
| | |
| Total shareholder notes and accrued interest | |
| 31,824 | | |
| 31,434 | |
| | |
| | | |
| | |
| Less: current maturities | |
| (31,824 | ) | |
| (31,434 | ) |
| | |
| | | |
| | |
| Total long-term debt | |
$ | - | | |
$ | - | |
|
| SCHEDULE OF RELATED PARTY DEBT |
The
following table summarizes related party debt:
SCHEDULE OF RELATED PARTY DEBT
| | |
March 31, | | |
December 31, | |
| | |
2026 | | |
2025 | |
| | |
| | |
| |
| Rotman Family convertible notes | |
$ | 838,807 | | |
$ | 838,807 | |
| Rotman Family nonconvertible note | |
| 140,000 | | |
| 140,000 | |
| Accrued interest | |
| 138,530 | | |
| 110,130 | |
| Debt discount | |
| (58,745 | ) | |
| (117,490 | ) |
| | |
| | | |
| | |
| Due to related party | |
| 1,058,592 | | |
| 971,447 | |
| Less: current maturities | |
| (1,058,592 | ) | |
| (971,447 | ) |
| | |
| | | |
| | |
| Due to related party,
noncurrent | |
$ | - | | |
$ | - | |
|
| Rotman Family Convertible Notes [Member] |
|
| Short-Term Debt [Line Items] |
|
| SCHEDULE OF NOTES PAYABLE |
The
following table summarizes the Rotman Family Convertible Notes:
SCHEDULE OF NOTES PAYABLE
| | |
| |
| | |
March 31, | | |
December 31, | |
| | |
| |
| | |
Carrying Amount | |
| | |
| |
| | |
March 31, | | |
December 31, | |
| | |
Issue Date | |
Principal Amount | | |
2026 | | |
2025 | |
| Jamie Rotman 5% note due August 2024 | |
8/17/2021 | |
$ | 5,000 | | |
$ | 6,564 | | |
$ | 6,464 | |
| Blue Oar 12% note due July 2026 | |
12/31/2025 | |
| 833,807 | | |
| 923,815 | | |
| 897,265 | |
| | |
| |
| | | |
| | | |
| | |
| Carrying amount | |
| |
$ | 838,807 | | |
| 930,379 | | |
| 903,729 | |
| Less: debt discount | |
| |
| | | |
| (58,745 | ) | |
| (117,490 | ) |
| | |
| |
| | | |
| | | |
| | |
| Convertible notes net | |
| |
| | | |
| 871,634 | | |
| 786,239 | |
| Less: current maturities | |
| |
| | | |
| (871,634 | ) | |
| (786,239 | ) |
| | |
| |
| | | |
| | | |
| | |
| Convertible notes noncurrent | |
| |
| | | |
$ | - | | |
$ | - | |
|
| Rotman Family Non Convertible Notes [Member] |
|
| Short-Term Debt [Line Items] |
|
| SCHEDULE OF NOTES PAYABLE |
The
following table summarizes the Rotman Family Nonconvertible Note:
SCHEDULE OF NOTES PAYABLE
| | |
| |
| | |
March 31, | | |
December 31, | |
| | |
| |
| | |
Carrying Amount | |
| | |
| |
| | |
March 31, | | |
December 31, | |
| | |
Issue Date | |
Principal Amount | | |
2026 | | |
2025 | |
| Bernard Rotman 5% note due December 2023 | |
7/18/2019 | |
$ | 140,000 | | |
$ | 186,958 | | |
$ | 185,208 | |
| Carrying Amount | |
7/18/2019 | |
$ | 140,000 | | |
$ | 186,958 | | |
$ | 185,208 | |
|