2 unchanged sentences
Consolidated Balance Sheets
−Removed: June 30, 2025
+Added: September 30, 2025
December 31, 2024
8 unchanged sentences
Accrued liabilities
+Added: Bank overdraft
Deferred revenue
8 unchanged sentences
Commitments and Contingencies (Note 4)
−Removed: Series B Convertible Preferred Stock, 600 shares designated, $ 0.001 Par Value, $ 1,200 stated value;
−Removed: shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively.
−Removed: Liquidation preference $ 699,600 and $ 694,800 at
−Removed: June 30, 2025 and December 31, 2024, respectively
−Removed: Series C Convertible Preferred Stock, 5,000 shares designated, $ 0.001 Par Value, $ 1,200 stated value;
−Removed: 57 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively.
−Removed: Liquidation preference $ 68,400 and $ 68,400 at June
−Removed: 30, 2025 and December 31, 2024, respectively
+Added: Series B Convertible Preferred Stock, 600 shares designated,
+Added: $ 0.001 Par Value, $ 1,200 stated value;
+Added: 579 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively.
+Added: Liquidation preference $ 699,600 and $ 694,800 at September 30, 2025 and December 31, 2024, respectively
+Added: Series C Convertible Preferred Stock, 5,000 shares designated,
+Added: $ 0.001 Par Value, $ 1,200 stated value;
+Added: 57 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively.
+Added: Liquidation preference $ 68,400 and $ 68,400 at September 30, 2025 and December 31, 2024, respectively
Series D Convertible Preferred Stock, 210 shares designated, $ 0.001 Par Value, $ 1,200 stated value;
−Removed: 141 shares and 0 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively.
−Removed: Liquidation preference $ 169,200 and $ 0 at June 30, 2025 and December 31, 2024, respectively
+Added: 141 shares and 0 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively.
+Added: Liquidation preference $ 169,200 and $ 0 at September 30, 2025 and December 31, 2024, respectively
Stockholders' Equity (Deficit)
Preferred Stock, $ 0.001 par value, 10,000,000 Shares authorized
−Removed: Series A Preferred Stock, 25,845
−Removed: shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively
+Added: Series A Preferred Stock, 25,845 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively
Common Stock $ 0.001 Par Value, 10,000,000,000 shares authorized;
−Removed: 566,315,293 shares and 555,015,293 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively
+Added: 566,315,293 shares and 555,015,293 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively
Additional paid in capital
5 unchanged sentences
( 3,347,179 )
−Removed: Total Liabilities and Stockholders' Equity
−Removed: The accompanying notes are an integral part of these condensed unaudited consolidated financial statements.
+Added: Total Liabilities and Stockholders' Equity (Deficit)
+Added: The accompanying notes are
+Added: an integral part of these condensed unaudited consolidated financial statements.
and Subsidiaries
1 unchanged sentence
For The Three months Ended
−Removed: For The Six months Ended
+Added: September 30,
+Added: For The Nine months Ended
+Added: September 30,
Cost of Sales
10 unchanged sentences
Provision for Income Tax
−Removed: $ ( 182,540 )
−Removed: $ ( 607,018 )
Convertible Preferred Stock Dividend
3 unchanged sentences
$ ( 669,613 )
+Added: $ ( 773,580 )
Net Profit (Loss) Per Share Attributable to Common Stockholders - Basic and Diluted
2 unchanged sentences
and Subsidiaries
−Removed: Statements of Stockholders' Equity (Deficit)
−Removed: For the Three Months Ended June 30, 2025
+Added: Consolidated Statements of Stockholders' Equity (Deficit)
+Added: For the Three Months Ended September 30, 2025
+Added: Preferred Stock
Additional Paid-in
−Removed: Total Stockholders'
−Removed: Balance - March 31,
+Added: Total Stockholders' Equity
+Added: Balance June 30, 2025
$ ( 11,438,976 )
$ ( 3,576,963 )
−Removed: Common stock issued to related
−Removed: parties for services
−Removed: Sales commissions paid on capital
−Removed: Balance - June 30, 2025
+Added: Balance - September 30, 2025
$ ( 11,877,865 )
$ ( 4,015,852 )
−Removed: For the Six Months Ended June 30, 2025
+Added: For the Nine Months Ended September 30, 2025
+Added: Preferred Stock
Additional Paid-in
−Removed: Total Stockholders'
+Added: Total Stockholders' Equity
Balance - December 31, 2024
1 unchanged sentence
$ ( 3,347,179 )
−Removed: Common stock issued to related
−Removed: parties for services
+Added: Common stock issued to related parties for services
Common stock issued for services
−Removed: Sales commissions paid on capital
−Removed: Balance - June 30, 2025
+Added: Sales commissions paid on capital raise
+Added: Balance - September 30, 2025
$ ( 11,877,865 )
$ ( 4,015,852 )
−Removed: For the Three Months Ended June 30, 2024
+Added: For the Three Months Ended September 30, 2024
+Added: Preferred Stock
Additional Paid-in
−Removed: Total Stockholders'
−Removed: Balance - March 31, 2024
+Added: Total Stockholders' Equity
+Added: Balance - June 30, 2024
$ ( 11,090,978 )
$ ( 3,226,045 )
−Removed: Sales commissions paid on capital raise
−Removed: Balance - June 30, 2024
+Added: Balance - September 30, 2024
$ ( 11,217,177 )
$ ( 3,352,244 )
−Removed: For the Six Months Ended June 30, 2024
+Added: For the Nine Months Ended September 30, 2024
+Added: Preferred Stock
Additional Paid-in
−Removed: Total Stockholders'
+Added: Total Stockholders' Equity
Balance - December 31, 2023
1 unchanged sentence
$ ( 2,623,264 )
−Removed: Common stock issued for conversion
−Removed: of convertible note payable
−Removed: Sales commissions paid on capital
−Removed: Balance - June 30, 2024
+Added: Common stock issued for conversion of convertible note payable
+Added: Costs incurred for capital raise
+Added: Balance - September 30, 2024
$ ( 11,217,177 )
3 unchanged sentences
Consolidated Statements of Cash Flows
−Removed: For the Six Months Ended June 30,
+Added: For the Nine Months Ended September 30,
Cash Flows From Operating Activities
5 unchanged sentences
Amortization of debt discount on Series B & D Preferred Stock
−Removed: Gain on change in fair value of derivative liability
+Added: Loss due to change in fair value of derivative liability
Changes in Operating Assets and Liabilities
3 unchanged sentences
Increase in accrued liabilities
−Removed: Increase in derivative liability
+Added: (Decrease) increase in derivative liability
(Decrease) increase in shares payable to related parties
1 unchanged sentence
Net Cash Used in Operating Activities
−Removed: Cash Flows from Investing Activities
−Removed: Cash paid for note receivable
−Removed: Net Cash used in Investing Activities
Cash Flows From Financing Activities
−Removed: Cash received from sale of convertible preferred stock
+Added: Cash received from sale of Series B Preferred Stock
+Added: Proceeds from cash overdraft
Cash payments of offering costs
8 unchanged sentences
Conversion of convertible notes payable and derivative liabilities
−Removed: Preferred stock issued for debt cancellation
Issuance of common stock for services
3 unchanged sentences
Notes to Condensed Consolidated Financial Statements
−Removed: June 30, 2025 and 2024
−Removed: NOTE 1 – NATURE OF OPERATIONS, BASIS OF PRESENTATION
−Removed: AND GOING CONCERN
+Added: September 30, 2025 and 2024
+Added: NOTE 1 – NATURE OF OPERATIONS, BASIS
+Added: OF PRESENTATION AND GOING CONCERN
Unless otherwise indicated, any reference to “the
2 unchanged sentences
IIOT-OXYS, Inc., incorporated in Nevada on July
−Removed: 2017, (the “ Company ”) was established for the purpose of designing, building, testing, and selling Edge Computing Systems
−Removed: for the Industrial Internet.
+Added: 6, 2017, (the “ Company ”) was established for the purpose of designing, building, testing, and selling Edge Computing
+Added: Systems for the Industrial Internet.
The Company is currently devoting substantially all its efforts in identifying, developing and marketing
10 unchanged sentences
Going Concern
−Removed: The accompanying condensed consolidated
−Removed: financial statements have been prepared assuming that the Company will continue as a going concern.
−Removed: As shown in the accompanying
−Removed: financial statements, the Company has suffered continuing operating losses, has a working capital deficit of $ 2,763,666 ,
−Removed: net loss incurred for the six months ended June 30, 2025 of $ 230,724 ,
−Removed: cash used in operating activities of $ 112,726 , and has an accumulated deficit of $ 11,438,976
−Removed: as of June 30, 2025.
−Removed: These factors, among others, raise substantial doubt about the Company’s ability to continue as a going
+Added: The accompanying condensed consolidated financial
+Added: statements have been prepared assuming that the Company will continue as a going concern.
+Added: As shown in the accompanying financial statements,
+Added: the Company has suffered continuing operating losses, has a working capital deficit of $ 3,190,078 , net loss incurred for the nine months
+Added: ended September 30, 2025 of $ 669,613 , cash used in operating activities of $ 159,135 , and has an accumulated deficit of $ 11,877,865 as
+Added: of September 30, 2025.
+Added: These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern.
If the Company is unable to obtain adequate capital, it could be forced to cease operations.
−Removed: The accompanying condensed
−Removed: financial statements do not include any adjustments to reflect the recoverability and classification of recorded asset amounts and
−Removed: classification of liabilities that might be necessary should the Company be unable to continue as a going concern.
+Added: The accompanying condensed financial statements
+Added: do not include any adjustments to reflect the recoverability and classification of recorded asset amounts and classification of liabilities
+Added: that might be necessary should the Company be unable to continue as a going concern.
Management believes that the Company will be able
24 unchanged sentences
Principles of Consolidation
−Removed: The consolidated condensed financial statements for
−Removed: June 30, 2025 and 2024, respectively, include the accounts of the Company, and its wholly owned subsidiaries OXYS Corporation and HereLab,
+Added: The consolidated condensed financial statements
+Added: for September 30, 2025 and 2024, respectively, include the accounts of the Company, and its wholly owned subsidiaries OXYS Corporation
+Added: and HereLab, Inc.
All significant intercompany balances and transactions have been eliminated.
13 unchanged sentences
Basic and Diluted Earnings (Loss) Per Common Share
−Removed: The Company computes earnings (loss) per share in
−Removed: accordance with Financial Accounting Standards Board Accounting Standards Codification (“ ASC ”), ASC 260, “ Earnings
+Added: The Company computes earnings (loss) per share
+Added: in accordance with Financial Accounting Standards Board Accounting Standards Codification (“ ASC ”), ASC 260, “ Earnings
ASC 260 requires presentation of both basic and diluted earnings per share (“ EPS ”) on the face
8 unchanged sentences
Revenue Recognition
−Removed: The Company recognizes revenue when the products are
−Removed: delivered to the customer or services are performed in accordance with the contractual terms of the contract with its customer.
−Removed: recognizes revenue in accordance with ASC Topic No.
−Removed: 606, Revenue from Contracts with Customers which was adopted on January 1,
+Added: The Company recognizes revenue when the products
+Added: are delivered to the customer or services are performed in accordance with the contractual terms of the contract with its customer.
+Added: Company recognizes revenue in accordance with ASC Topic No.
+Added: 606, Revenue from Contracts with Customers.
The Company recognizes revenue based on the following
5 unchanged sentences
Recognition of revenue when, or as, performance obligation is satisfied.
−Removed: The Company used a practical expedient available under
−Removed: ASC 606-10-65-1(f)4 that permits it to consider the aggregate effect of all contract modifications that occurred before the beginning
+Added: The Company used a practical expedient available
+Added: under ASC 606-10-65-1(f)4 that permits it to consider the aggregate effect of all contract modifications that occurred before the beginning
of the earliest period presented when identifying satisfied and unsatisfied performance obligations, transaction price, and allocating
the transaction price to the satisfied and unsatisfied performance obligations.
−Removed: The Company has elected to treat shipping and handling
−Removed: activities as the cost of sales.
+Added: The Company has elected to treat shipping and
+Added: handling activities as the cost of sales.
Additionally, the Company has elected to record revenue net of sales and other similar taxes.
6 unchanged sentences
Recent Accounting Pronouncements
−Removed: In December 2023, the FASB issued ASU No.
+Added: In December 2023, the FASB issued ASU
2023-09, Income Taxes (Topic 720):
−Removed: Improvements to Income Tax Disclosures (“ASU 2023-09”) , which prescribes standard categories
−Removed: for the components of the effective tax rate reconciliation and requires disclosure of additional information for reconciling items meeting
−Removed: certain quantitative thresholds, requires disclosure of disaggregated income taxes paid, and modifies certain other income tax-related
−Removed: ASU 2023-09 is effective for annual periods beginning after December 15, 2024 and allows for adoption on a prospective basis,
−Removed: with a retrospective option.
+Added: Improvements to Income Tax Disclosures (“ASU 2023-09”) , which prescribes standard
+Added: categories for the components of the effective tax rate reconciliation and requires disclosure of additional information for reconciling
+Added: items meeting certain quantitative thresholds, requires disclosure of disaggregated income taxes paid, and modifies certain other income
+Added: tax-related disclosures.
+Added: ASU 2023-09 is effective for annual periods beginning after December 15, 2024 and allows for adoption on a prospective
+Added: basis, with a retrospective option.
The Company is currently evaluating the potential impact of the adoption of ASU 2023-09 on its consolidated
1 unchanged sentence
NOTE 3 – INTANGIBLE ASSETS
−Removed: The Company’s intangible assets comprise of
−Removed: intellectual property revolving around their field tests, sensor integrations, and board designs.
+Added: The Company’s intangible assets comprise
+Added: of intellectual property revolving around their field tests, sensor integrations, and board designs.
Intangible assets, net of amortization,
−Removed: amounted to $ 124,903 and $ 149,449 as of June 30, 2025 and December 31, 2024, respectively.
+Added: amounted to $ 112,426 and $ 149,449 as of September 30, 2025 and December 31, 2024, respectively.
Schedule of intangible assets
−Removed: June 30, 2025
+Added: September 30, 2025
Intangible Assets
2 unchanged sentences
The Company determined that none of its intangible
−Removed: assets were impaired as of June 30, 2025 and December 31, 2024, respectively.
−Removed: Amortizable intangible assets are amortized using the straight-line
−Removed: method over their estimated useful lives of ten years.
−Removed: The amortization expense of finite-lived intangibles was $ 12,341 and $ 12,341 for
−Removed: the three months ended June 30, 2025 and 2024, and $ 24,546 and $ 24,682 for the six months ended June 30, 2025 and 2024, respectively.
+Added: assets were impaired as of September 30, 2025 and December 31, 2024, respectively.
+Added: Amortizable intangible assets are amortized using the
+Added: straight-line method over their estimated useful lives of ten years.
+Added: The amortization expense of finite-lived intangibles was $ 12,476
+Added: and $ 12,477 for the three months ended September 30, 2025 and 2024, and $ 37,022 and $ 37,159 for the nine months ended September 30, 2025
+Added: and 2024, respectively.
The following table summarizes the Company’s
−Removed: estimated future amortization expense of intangible assets with finite lives as of June 30, 2025:
+Added: estimated future amortization expense of intangible assets with finite lives as of September 30, 2025:
Schedule of estimated future amortization expense of intangible assets
10 unchanged sentences
According to the terms of the agreements, 3,547,788 shares were vested and issued per the Company’s 2017 Stock Incentive Plan as
−Removed: of June 30, 2025 and December 31, 2024, and 3,730,000 shares were vested and issued per the Company’s 2019 Stock Incentive Plan
−Removed: as of June 30, 2025 and December 31, 2024, respectively.
+Added: of September 30, 2025 and December 31, 2024, and 3,530,000 shares were vested and issued per the Company’s 2019 Stock Incentive
+Added: Plan as of September 30, 2025 and December 31, 2024, respectively.
In the event that a consulting agreement is terminated
7 unchanged sentences
Pursuant to the terms of
−Removed: the 2022 Plan, 14,300,000 shares of common stock were vested and 14,200,000 shares and 3,100,000 were issued as of June 30, 2025 and
−Removed: December 31, 2024, respectively.
+Added: the 2022 Plan, 14,300,000 shares of common stock were vested and 14,200,000 shares and 3,100,000 were issued as of September 30, 2025
+Added: and December 31, 2024, respectively.
Employment Agreement – CEO
12 unchanged sentences
The Company has recorded $ 347,373 and $ 279,352
−Removed: in salaries payable to the CEO as of June 30, 2025 and December 31, 2024, respectively.
+Added: in salaries payable to the CEO as of September 30, 2025 and December 31, 2024, respectively.
Employment Agreement – COO/Interim CFO
9 unchanged sentences
The shares are valued at 90% of the average market price of the shares of 30 trading days at the end of each quarter.
−Removed: recorded $ 289,935 and $ 263,041 in salaries payable to the COO/Interim CFO as of June 30, 2025 and December 31, 2024, respectively.
+Added: recorded $ 302,970 and $ 263,041 in salaries payable to the COO/Interim CFO as of September 30, 2025 and December 31, 2024, respectively.
NOTE 5 – CONVERTIBLE NOTES PAYABLE
−Removed: The following table summarizes the outstanding balance
−Removed: of convertible notes payable, interest and conversion rates as of June 30, 2025 and December 31, 2024, respectively.
+Added: The following table summarizes the outstanding
+Added: balance of convertible notes payable, interest and conversion rates as of September 30, 2025 and December 31, 2024, respectively.
Schedule of outstanding
balance of convertible notes payable
−Removed: June 30, 2025
−Removed: Convertible note payable to an investor with interest at 12% per annum, convertible at
−Removed: any time into shares of common stock at the lowest VWAP or $0.001 per share.
−Removed: The balance of principal and accrued and unpaid
−Removed: interest is payable on maturity on March 1, 2026.
+Added: September 30, 2025
+Added: Convertible note payable to an investor with interest at 12% per annum, convertible at any time into shares of common stock at the lowest VWAP or $0.001 per share.
+Added: The balance of principal and accrued and unpaid interest is payable on maturity on March 1, 2026.
The note is secured by substantially all the assets of the Company.
−Removed: Convertible note payable to an investor with interest at 12% per annum, convertible at any time into
−Removed: shares of common stock at the lowest VWAP or $0.001 per share.
−Removed: The balance of principal and accrued and unpaid interest is payable
−Removed: on maturity on March 1, 2026.
+Added: Convertible note payable to an investor with interest at 12% per annum, convertible at any time into shares of common stock at the lowest VWAP or $0.001 per share.
+Added: The balance of principal and accrued and unpaid interest is payable on maturity on March 1, 2026.
The note is secured by substantially all the assets of the Company.
4 unchanged sentences
Note was issued as payment for future fees to be incurred under the related Equity Financing Agreement.
−Removed: Principal and interest due on maturity on October 29, 2025.
+Added: Principal and interest due on maturity on April 29, 2026.
The note is secured by substantially all the assets of the Company.
18 unchanged sentences
The Company shall use its best efforts to have a registration statement registering the resales of the 2nd Incentive Shares remain effective until such time that the noteholder of Note A no longer holds any such 2nd Incentive Shares.
−Removed: The Company recorded interest expense of $ 6,133 and
−Removed: $ 6,133 for the three months ended June 30, 2025 and 2024, respectively, and $ 12,199 and $ 12,266 for the six months ended June 30, 2025
+Added: The Company recorded interest expense of $ 6,201
+Added: and $ 6,201 for the three months ended September 30, 2025 and 2024, respectively, and $ 18,399 and $ 18,467 for the nine months ended September
30, 2025 and 2024, respective.
−Removed: Accrued interest payable on Note A was $ 221,334 and $ 209,135 as of June 30, 2025 and December 31, 2024, respectively.
−Removed: The principal balance payable on Note A amounted to $ 205,000 as of June 30, 2025 and December 31, 2024, respectively.
+Added: Accrued interest payable on Note A was $ 227,534 and $ 209,135 as of September 30, 2025 and December 31,
+Added: 2024, respectively.
+Added: The principal balance payable on Note A amounted to $ 205,000 as of September 30, 2025 and December 31, 2024, respectively.
March 2019 Convertible Note and Warrants
7 unchanged sentences
of common stock at the lowest VWAP or $0.001 per share during the look back period (see “Note A” above).
−Removed: The Company recorded interest expense of $ 1,496 and
−Removed: $ 1,496 for the three months ended June 30, 2025 and 2024, and $ 2,975 and $ 2,992 for six months ended June 30, 2025 and 2024, respectively.
−Removed: Accrued interest payable on Note D totaled $ 35,689 and $ 32,714 at June 30, 2025 and December 31, 2024, respectively.
−Removed: The principal balance
−Removed: payable on Note D amounted to $ 50,000 at June 30, 2025 and December 31, 2024, respectively.
+Added: The Company recorded interest expense of $ 1,512
+Added: and $ 1,512 for the three months ended September 30, 2025 and 2024, and $ 4,488 and $ 4,504 for the nine months ended September 30, 2025
+Added: and 2024, respectively.
+Added: Accrued interest payable on Note D totaled $ 37,202 and $ 32,714 at September 30, 2025 and December 31, 2024, respectively.
+Added: The principal balance payable on Note D amounted to $ 50,000 at September 30, 2025 and December 31, 2024, respectively.
August 2019 Convertible Note and Warrants (“Note
2 unchanged sentences
other terms and conditions of the Note E remained the same.
−Removed: The Company recorded interest expense of $ 3,740 and
−Removed: $ 3,740 on Note E for the three months ended June 30, 2025 and 2024, and $ 7,439 and $ 7,479 for the six months ended June 30, 2025 and 2024,
−Removed: respectively.
−Removed: Accrued interest payable on Note E was $ 86,170 and $ 78,731 as of June 30, 2025 and December 31, 2024, respectively.
−Removed: note is payable to a related party.
−Removed: The principal balance payable on Note E amounted to $ 125,000 as of June 30, 2025 and December 31,
+Added: The Company recorded interest expense of $ 3,781
+Added: and $ 3,781 on Note E for the three months ended September 30, 2025 and 2024, and $ 11,219 and $ 11,260 for the nine months ended September
+Added: 30, 2025 and 2024, respectively.
+Added: Accrued interest payable on Note E was $ 89,950 and $ 78,731 as of September 30, 2025 and December 31,
2024, respectively.
+Added: This note is payable to a related party.
+Added: The principal balance payable on Note E amounted to $ 125,000 as of September
+Added: 30, 2025 and December 31, 2024, respectively.
July 2020 Equity Financing Arrangement
−Removed: On May 14, 2025, the noteholder of Note G agreed to
−Removed: extend the maturity date of the Secured Convertible Promissory Note from April 29, 2025 to October 29, 2025.
−Removed: All other terms and conditions
−Removed: of the Note G remained the same.
−Removed: During the three months ended March 31, 2024, the
−Removed: noteholder of Note G converted principal amount of $ 45,045 and accrued interest of $ 1,955 in exchange of 85,000,000 shares of common stock
−Removed: of the Company.
−Removed: The Company recorded interest expense on Note G of
−Removed: $ 348 and $ 348 for the three months ended June 30, 2025 and 2024, and $ 691 and $ 420 for the six months ended June 30, 2025 and 2024, respectively.
−Removed: Accrued interest payable on Note G was $ 1,814 and $ 1,123 as of June 30, 2025 and December 31, 2024, respectively.
−Removed: The principal balance
−Removed: payable of Note G amounted to $ 13,942 as of June 30, 2025 and December 31, 2024, respectively.
+Added: On May 14, 2025, the noteholder of Note G agreed
+Added: to extend the maturity date of the Secured Convertible Promissory Note from April 29, 2025 to October 29, 2025, and then to April 29,
+Added: 2026 (Note 9).
+Added: All other terms and conditions of the Note G remained the same.
+Added: During the three months ended March 31, 2024,
+Added: the noteholder of Note G converted principal amount of $ 45,045 and accrued interest of $ 1,955 in exchange of 85,000,000 shares of common
+Added: stock of the Company.
+Added: The Company recorded interest expense on Note
+Added: G of $ 351 and $ 351 for the three months ended September 30, 2025 and 2024, and $ 1,043 and $ 772 for the nine months ended September 30,
+Added: 2025 and 2024, respectively.
+Added: Accrued interest payable on Note G was $ 2,166 and $ 1,123 as of September 30, 2025 and December 31, 2024,
+Added: respectively.
+Added: The principal balance payable of Note G amounted to $ 13,942 as of September 30, 2025 and December 31, 2024, respectively.
NOTE 6 – EARNINGS (LOSS) PER SHARE
−Removed: The following table sets forth the computation of
−Removed: basic and diluted net loss per share of common stock for the three months and six months ended June 30, 2025 and 2024, respectively:
+Added: The following table sets forth the computation
+Added: of basic and diluted net loss per share of common stock for the three months and nine months ended September 30, 2025 and 2024, respectively:
Schedule of computation
of basic and diluted net loss per share of common stock
−Removed: Three Months Ended June 30,
−Removed: Six Months Ended June 30,
+Added: Three Months Ended September 30,
+Added: Nine Months Ended September 30,
Net loss attributable to common stockholders (basic)
2 unchanged sentences
$ ( 669,613 )
+Added: $ ( 773,580 )
Shares used to compute net loss per common share, basic and diluted
12 unchanged sentences
The following outstanding common stock equivalents
−Removed: have been excluded from diluted net loss per common share for the six months ended June 30, 2025 and 2024, respectively, because their
−Removed: inclusion would be anti-dilutive:
+Added: have been excluded from diluted net loss per common share for the nine months ended September 30, 2025 and 2024, respectively, because
+Added: their inclusion would be anti-dilutive:
Schedule of anti-dilutive shares
−Removed: As of June 30,
+Added: As of September 30,
Warrants to purchase common stock
Potentially issuable shares related to convertible notes payable and convertible preferred stock
+Added: 3,087,954,876
+Added: 1,507,888,113
+Added: Potentially issuable vested shares to directors and officers
+Added: Potentially issuable unvested shares to directors and officers
Total anti-dilutive common stock equivalents
+Added: 3,087,954,876
+Added: 1,522,500,613
NOTE 7 – RELATED PARTIES
−Removed: At June 30, 2025 and December 31, 2024, respectively,
+Added: At September 30, 2025 and December 31, 2024, respectively,
the amount due to two stockholders was $ 1,000 relating to depositing funds for opening bank accounts for the Company.
1 unchanged sentence
its current office facility from these stockholders on a month-to-month basis at a monthly rent of $250 starting January 1, 2020.
−Removed: expense totaled $ 750 and $ 1,500 for the three months and six months ended June 30, 2025 and 2024, respectively.
−Removed: The Company has recorded
−Removed: $ 4,750 and $ 3,250 as rent payable to the stockholder in accounts payable as of June 30, 2025 and December 31, 2024, respectively.
−Removed: The Company executed a Convertible Promissory Note
−Removed: (“Note”) payable to an officer and director and indebted in the principal amount of $ 55,000 as of December 31, 2023.
−Removed: 5, 2024, the Company and the noteholder of the Note entered into a Debt Exchange Agreement to convert $ 55,000 principal balance of Note
−Removed: and $ 13,825 of accrued and unpaid interest as of the maturity date of Note on March 1, 2024 .
−Removed: In exchange for the cancellation of all indebtedness
−Removed: of the Company owed to the noteholder as evidenced by the Note, and for no additional consideration, the Company agreed to issue to the
−Removed: noteholder 57 shares of the Company’s Series C convertible preferred stock, at the stated value of $1,200 per share (See Note 8).
+Added: expense totaled $ 750 and $ 2,250 for the three months and nine months ended September 30, 2025 and 2024, respectively.
+Added: The Company has
+Added: recorded $ 5,500 and $ 3,250 as rent payable to the stockholder in accounts payable as of September 30, 2025 and December 31, 2024, respectively.
+Added: The Company executed a Convertible Promissory
+Added: Note (“Note”) payable to an officer and director and indebted in the principal amount of $ 55,000
+Added: as of December 31, 2023.
+Added: On February 5, 2024, the Company and the noteholder of the Note entered into a Debt Exchange Agreement to convert
+Added: principal balance of Note and $ 13,825
+Added: of accrued and unpaid interest as of the maturity date of Note on March
+Added: In exchange for the cancellation of all indebtedness of the Company owed to the noteholder as evidenced by the Note,
+Added: and for no additional consideration, the Company agreed to issue to the noteholder 57
+Added: shares of the Company’s Series C convertible preferred stock, at the stated value of $1,200 per share (See Note 8).
+Added: As of September
+Added: 30, 2025, the Company received an advance of $ 17,500 from the same officer and director for the Company’s working capital needs.
+Added: This advance was included and recorded in accrued liabilities as of September 30, 2025.
The Company executed three convertible promissory
−Removed: notes payable to a director (see Note E) for the principal amount of $ 125,000 and recorded accrued interest payable of $ 86,170 and $ 78,731
−Removed: as of June 30, 2025 and December 31, 2024, respectively.
+Added: notes payable to a director (see Note E) for the principal amount of $ 125,000
+Added: and recorded accrued interest payable of $ 89,950
+Added: as of September 30, 2025 and December 31, 2024, respectively.
+Added: These advances were included and recorded in accrued liabilities as of
+Added: September 30, 2025 and December 31, 2024, respectively.
NOTE 8 – STOCKHOLDERS' EQUITY
The Company has an authorized capital of 10,000,000,000
−Removed: shares, $ 0.001 par value common
−Removed: stock, and 10,000,000 shares of
−Removed: $0.001 par value preferred stock at June 30, 2025.
−Removed: The Company has 566,315,293
−Removed: shares and 555,015,293 shares of common
−Removed: stock, 25,845
−Removed: shares of Series A Preferred Stock issued and outstanding as of June 30, 2025 and December 31, 2024, respectively.
−Removed: Holders of shares of common stock are entitled to
−Removed: one vote for each share on all matters to be voted on by the stockholders.
+Added: shares, $ 0.001 par value common stock, and 10,000,000 shares of $ 0.001 par value preferred stock at September 30, 2025.
+Added: has 566,315,293 shares and 555,015,293 shares of common stock, 25,845 shares of Series A Preferred Stock issued and outstanding as of
+Added: September 30, 2025 and December 31, 2024, respectively.
+Added: Holders of shares of common stock are entitled
+Added: to one vote for each share on all matters to be voted on by the stockholders.
Holders of common stock do not have cumulative voting rights.
8 unchanged sentences
There are no conversion or redemption rights or sinking fund provisions with respect to the common stock.
−Removed: On February 24, 2021, the Company entered into a Common
−Removed: Stock Purchase Agreement with an investor pursuant to which the investor agreed to purchase up to $5,000,000 of the Company’s registered
−Removed: common stock at $0.015 per share.
−Removed: Pursuant to the Agreement, purchases may be made by the Company during the Commitment Period (as defined
−Removed: in the Agreement) through the submission of a purchase notice to the investor no sooner than ten business days after the preceding closing.
−Removed: No purchase notice can be made in an amount less than $10,000 or greater than $500,000 or greater than two times the average of the daily
−Removed: trading dollar volume for the Company’s common stock during the ten business days preceding the purchase date.
−Removed: Each purchase notice
−Removed: is limited to the investor beneficially owning no more than 4.99% of the total outstanding common stock of the Company at any given time.
−Removed: There are certain conditions precedent to each purchase including, among others, an effective registration statement in place and the
−Removed: VWAP of the closing price of the Company’s common stock greater than $0.0175 for the Company's common stock during the five business
−Removed: days prior to closing.
−Removed: From January 1, 2024 to March 31, 2024, the noteholder
−Removed: of Note G converted the principal balance of $45,045 and accrued interest of $1,955 into 85,000,000 shares of common stock.
−Removed: issued were valued at the fair value of common stock on the date of issuance.
+Added: On February 24, 2021, the Company entered into
+Added: a Common Stock Purchase Agreement with an investor pursuant to which the investor agreed to purchase up to $5,000,000 of the Company’s
+Added: registered common stock at $0.015 per share.
+Added: Pursuant to the Agreement, purchases may be made by the Company during the Commitment Period
+Added: (as defined in the Agreement) through the submission of a purchase notice to the investor no sooner than ten business days after the preceding
+Added: No purchase notice can be made in an amount less than $10,000 or greater than $500,000 or greater than two times the average
+Added: of the daily trading dollar volume for the Company’s common stock during the ten business days preceding the purchase date.
+Added: purchase notice is limited to the investor beneficially owning no more than 4.99% of the total outstanding common stock of the Company
+Added: at any given time.
+Added: There are certain conditions precedent to each purchase including, among others, an effective registration statement
+Added: in place and the VWAP of the closing price of the Company’s common stock greater than $0.0175 for the Company's common stock during
+Added: the five business days prior to closing.
Stock Incentive Plans
−Removed: On December 14, 2017, the Board of Directors of the
−Removed: Company approved the 2017 Stock Incentive Plan (the “ 2017 Plan ”).
−Removed: Awards may be made under the 2017 Plan for up to
−Removed: 4,500,000 shares of common stock of the Company.
+Added: On December 14, 2017, the Board of Directors of
+Added: the Company approved the 2017 Stock Incentive Plan (the “ 2017 Plan ”).
+Added: Awards may be made under the 2017 Plan for up
+Added: to 4,500,000 shares of common stock of the Company.
All of the Company’s employees, officers and directors, as well as consultants
4 unchanged sentences
incentive and non-statutory options, restricted stock units, stock appreciation rights, and restricted stock awards.
−Removed: As of June 30, 2025
+Added: As of September 30,
2025 and December 31, 2024, 952,212 shares of common stock remain unissued and unvested pursuant to 2017 Plan.
−Removed: On March 11, 2019, the Board of Directors of the Company
−Removed: approved the 2019 Stock Incentive Plan (the “ 2019 Plan ”).
+Added: On March 11, 2019, the Board of Directors of the
+Added: Company approved the 2019 Stock Incentive Plan (the “ 2019 Plan ”).
Awards may be made under the 2019 Plan for up to
5,000,000 shares of common stock of the Company.
−Removed: All of the Company’s employees, officers and directors, as well as consultants and advisors
−Removed: to the Company are eligible to be granted awards under the 2019 Plan.
−Removed: No awards can be granted under the 2019 Plan after the expiration
−Removed: of 10 years from the plan approval, but awards previously granted may extend beyond that date.
−Removed: Awards may consist of both incentive and
−Removed: non-statutory options, restricted stock units, stock appreciation rights, and restricted stock awards.
−Removed: For the six months ended June 30,
−Removed: 2025, the Company issued 200,000 common shares to two consultants for their services, valued at $ 240 , being the fair value of the common
−Removed: shares issued on the date of issuance, pursuant to 2019 Plan.
−Removed: As of June 30, 2025 and December 31, 2024, 1,270,000 shares and 1,470,000
−Removed: shares of common stock remain unissued and unvested pursuant to the 2019 Plan.
+Added: All of the Company’s employees, officers and directors, as well as consultants
+Added: and advisors to the Company are eligible to be granted awards under the 2019 Plan.
+Added: No awards can be granted under the 2019 Plan after
+Added: the expiration of 10 years from the plan approval but awards previously granted may extend beyond that date.
+Added: Awards may consist of both
+Added: incentive and non-statutory options, restricted stock units, stock appreciation rights, and restricted stock awards.
+Added: For the nine months
+Added: ended September 30, 2025, the Company issued 200,000 common shares to two consultants for their services, valued at $ 240 , being the fair
+Added: value of the common shares issued on the date of issuance, pursuant to 2019 Plan.
+Added: As of September 30, 2025 and December 31, 2024, 1,270,000
+Added: shares and 1,470,000 shares of common stock remain unissued and unvested pursuant to the 2019 Plan.
On March 18, 2022, the Board of Directors approved
12 unchanged sentences
The common shares vested pursuant
−Removed: to the 2022 Plan amounted to 14,500,000 shares as of June 30, 2025, and 8,100,000 shares at December 31, 2024, and the 5,500,000 shares
−Removed: remain unvested as of June 30, 2025.
−Removed: For the three months ended June 30, 2025 and 2024, the Company recorded $ 1,234 and $ 628 as stock
−Removed: compensation expense for 1,495,890 shares and 747,945 shares, respectively.
−Removed: For the six months ended June 30, 2025 and 2024, the Company
−Removed: recorded $ 2,529 and $ 1,148 as stock compensation expense for 2,728,767 shares and 1,495,890 shares, respectively.
−Removed: In addition, on March
−Removed: 5, 2025, the Company issued 5,000,000 shares to an officer and a director and 100,000 shares to a consultant, valued at $ 6,120 , being
−Removed: the fair value of common shares issued on the date of issuance.
−Removed: On June 23, 2025, the Company issued 6,000,000 shares to an officer and
−Removed: a director, valued at $ 5,400 being the fair value of common shares issued on the date of issuance.
−Removed: Total compensation payable to an officer
−Removed: and a director totaled $ 9,766 and $ 18,638 at June 30, 2025 and December 31, 2024, respectively.
+Added: to the 2022 Plan amounted to 14,300,000 shares as of September 30, 2025, and 8,100,000 shares at December 31, 2024, and the 5,700,000
+Added: shares remain unvested as of September 30, 2025.
+Added: For the three months ended September 30, 2025 and 2024, the Company recorded $ 867 and
+Added: $ 833 as stock compensation expense for 1,512,329 shares and 756,164 shares, respectively.
+Added: For the nine months ended September 30, 2025
+Added: and 2024, the Company recorded $ 3,396 and $ 1,980 as stock compensation expense for 4,241,096 shares and 2,252,055 shares, respectively.
+Added: In addition, on March 5, 2025, the Company issued 5,000,000 shares to an officer and a director and 100,000 shares to a consultant, valued
+Added: at $ 6,120 , being the fair value of common shares issued on the date of issuance.
+Added: On June 23, 2025, the Company issued 6,000,000 shares
+Added: to an officer and a director, valued at $ 5,400 being the fair value of common shares issued on the date of issuance.
Shares earned and issued related to the consulting
agreements are issued under the 2017 Stock Incentive Plan and the 2019 Stock Incentive Plan (see Note 4).
−Removed: Vesting of the shares is subject to acceleration of
−Removed: vesting upon the occurrence of certain events such as a Change of Control (as defined in the agreement) or the listing of the Company’s
+Added: Vesting of the shares is subject to acceleration
+Added: of vesting upon the occurrence of certain events such as a Change of Control (as defined in the agreement) or the listing of the Company’s
common stock on a senior exchange.
−Removed: A summary of the status of the Company’s non-vested
−Removed: shares at June 30, 2025 and 2024 and changes during the six months ended, is presented below:
+Added: A summary of the status of the Company’s
+Added: non-vested shares at September 30, 2025 and 2024 and changes during the nine months ended, is presented below:
Schedule of non-vested shares
1 unchanged sentence
Authorized shares per the 2022 Plan – 20,000,000 shares
−Removed: Balance at December 31, 2023
−Removed: Balance at June 30, 2024
−Removed: Balance at December 31, 2024
−Removed: Balance at June 30, 2025 -- (Unvested)
−Removed: 2022 Stock Incentive Plan
−Removed: Authorized shares per the 2022 Plan – 20,000,000 shares
Balance - December 31, 2023
( 8,100,000 )
−Removed: Balance – June 30, 2024
+Added: Balance – September 30, 2024 – (Unvested)
Balance - December 31, 2024
( 11,100,000 )
−Removed: Balance – June 30, 2025 – (Unvested)
+Added: Balance – September 30, 2025 – (Unvested)
Preferred Stock
−Removed: Series A Supervoting Convertible Preferred Stock
−Removed: The Board of Directors of the Company
−Removed: authorized the issuance of 25,845 shares of preferred stock, $ 0.001 par value per share, designated as Series A Supervoting Convertible
−Removed: Preferred Stock as of June 30, 2025.
−Removed: Initially, there will be no
−Removed: dividends due or payable on Series A Supervoting Preferred Stock.
−Removed: Any future terms with respect to dividends shall be determined by the
−Removed: Board consistent with the Company’s Articles of Incorporation.
+Added: Series A Supervoting Convertible Preferred
+Added: The Board of Directors of the Company authorized
+Added: the issuance of 25,845 shares of preferred stock, $0.001 par value per share, designated as Series A Supervoting Convertible Preferred
+Added: Stock as of September 30, 2025.
+Added: Initially, there will be
+Added: no dividends due or payable on Series A Supervoting Preferred Stock.
+Added: Any future terms with respect to dividends shall be determined by
+Added: the Board consistent with the Company’s Articles of Incorporation.
Liquidation and Redemption Rights:
7 unchanged sentences
or lease of all or substantially all, or any material part of, the Company’s assets.
−Removed: Each holder of Series A Supervoting
−Removed: Preferred Stock may voluntarily convert its shares into shares of common stock of the Company at a rate of 1:100 (as may be adjusted for
−Removed: any combinations or splits with respect to such shares).
+Added: Each holder of Series
+Added: A Supervoting Preferred Stock may voluntarily convert its shares into shares of common stock of the Company at a rate of 1:100 (as may
+Added: be adjusted for any combinations or splits with respect to such shares).
All shares of the Series A Supervoting
13 unchanged sentences
The Company had 25,845 shares of Series A Preferred
−Removed: Stock issued and outstanding at June 30, 2025 and December 31, 2024, respectively.
+Added: Stock issued and outstanding at September 30, 2025 and December 31, 2024, respectively.
Series B Convertible Preferred Stock Equity
−Removed: On November 16, 2020, the Board of Directors of the
−Removed: Company had authorized issuance of up to 600 shares of preferred stock, $ 0.001 par value per share, designated as Series B Convertible
+Added: On November 16, 2020, the Board of Directors of
+Added: the Company had authorized issuance of up to 600 shares of preferred stock, $ 0.001 par value per share, designated as Series B Convertible
Preferred Stock.
13 unchanged sentences
Voting Rights :
−Removed: The Series B Convertible Preferred
−Removed: Stock will vote together with the common stock on an as converted basis subject to the Beneficial Ownership Limitations (not in excess
−Removed: of 4.99% conversion limitation).
−Removed: However, as long as any shares of Series B Convertible Preferred Stock are outstanding, the Company shall
−Removed: not, without the affirmative vote of the Holders of a majority of the then outstanding shares of the Series B Convertible Preferred Stock
−Removed: directly and/or indirectly (a) alter or change adversely the powers, preferences or rights given to the Series b Convertible Preferred
−Removed: Stock or alter or amend this Certificate of Designation, (b) authorize or create any class of stock ranking as to redemption or distribution
−Removed: of assets upon a Liquidation (as defined in Section 5) senior to, or otherwise Pari passu with, the Series b Convertible Preferred Stock
−Removed: or, authorize or create any class of stock ranking as to dividends senior to, or otherwise Pari passu with, the Series b Convertible Preferred
−Removed: Stock, (c) amend its Articles of Incorporation or other charter documents in any manner that adversely affects any rights of the Holders,
−Removed: (d) increase the number of authorized shares of Series B Convertible Preferred Stock, or (e) enter into any agreement with respect to
−Removed: any of the foregoing.
+Added: The Series B Convertible
+Added: Preferred Stock will vote together with the common stock on an as converted basis subject to the Beneficial Ownership Limitations (not
+Added: in excess of 4.99% conversion limitation).
+Added: However, as long as any shares of Series B Convertible Preferred Stock are outstanding, the
+Added: Company shall not, without the affirmative vote of the Holders of a majority of the then outstanding shares of the Series B Convertible
+Added: Preferred Stock directly and/or indirectly (a) alter or change adversely the powers, preferences or rights given to the Series b Convertible
+Added: Preferred Stock or alter or amend this Certificate of Designation, (b) authorize or create any class of stock ranking as to redemption
+Added: or distribution of assets upon a Liquidation (as defined in Section 5) senior to, or otherwise Pari passu with, the Series B Convertible
+Added: Preferred Stock or, authorize or create any class of stock ranking as to dividends senior to, or otherwise Pari passu with, the Series
+Added: b Convertible Preferred Stock, (c) amend its Articles of Incorporation or other charter documents in any manner that adversely affects
+Added: any rights of the Holders, (d) increase the number of authorized shares of Series B Convertible Preferred Stock, or (e) enter into any
+Added: agreement with respect to any of the foregoing.
Liquidation :
27 unchanged sentences
November 19, 2020
−Removed: On November 19, 2020, pursuant to the terms of a Securities
−Removed: Purchase Agreement dated November 16, 2020 (the “SPA”), the Company entered into a new preferred equity financing agreement
−Removed: with GHS Investments, LLC (“GHS”) in the amount of up to $600,000.
−Removed: The SPA provides for GHS’s purchase, from time to
−Removed: time, of up to 600 shares of the newly designated Series B Convertible Preferred Stock.
−Removed: The initial closing under the SPA consisted of
−Removed: 45 shares of Series B Convertible Preferred Stock, stated value $1,200 per share, issued to GHS for an initial purchase price of $45,000,
+Added: On November 19, 2020, pursuant to the terms of
+Added: a Securities Purchase Agreement dated November 16, 2020 (the “SPA”), the Company entered into a new preferred equity financing
+Added: agreement with GHS Investments, LLC (“GHS”) in the amount of up to $600,000.
+Added: The SPA provides for GHS’s purchase, from
+Added: time to time, of up to 600 shares of the newly designated Series B Convertible Preferred Stock.
+Added: The initial closing under the SPA consisted
+Added: of 45 shares of Series B Convertible Preferred Stock, stated value $1,200 per share, issued to GHS for an initial purchase price of $45,000,
or $1,000 per share.
5 unchanged sentences
Preferred Stock to GHS as a commitment fee.
−Removed: No additional closing may take place after the two-year
−Removed: anniversary of the SPA, or once the entire $600,000 amount has been funded.
−Removed: If the average daily dollar trading volume for the Company’s
−Removed: common stock for the 30 trading days preceding a particular additional closing is at least $50,000 per day, the Company may, at its option,
−Removed: increase the amount of that additional closing to 75 shares of Series B Convertible Preferred Stock ($75,000).
+Added: No additional closing may take place after the
+Added: two-year anniversary of the SPA, or once the entire $600,000 amount has been funded.
+Added: If the average daily dollar trading volume for the
+Added: Company’s common stock for the 30 trading days preceding a particular additional closing is at least $50,000 per day, the Company
+Added: may, at its option, increase the amount of that additional closing to 75 shares of Series B Convertible Preferred Stock ($75,000).
The Series B Convertible Preferred Stock is classified
11 unchanged sentences
this financing.
−Removed: On November 19, 2020 (the date of receipt of cash
−Removed: proceeds of $45,000 issuance), the Company valued the fair value of the derivative and recorded an initial derivative liability of $ 103,267 ,
−Removed: $ 58,267 as day one loss on the derivative, $ 39,000 as interest expense, and $ 39,000 as Series B Convertible Preferred Stock mezzanine
−Removed: liability, and $ 45,000 as amortization.
+Added: On November 19, 2020 (the date of receipt of
+Added: cash proceeds of $45,000 issuance), the Company valued the fair value of the derivative and recorded an initial derivative liability
+Added: of $ 103,267 ,
+Added: as day one loss on the derivative, $ 39,000
+Added: as interest expense, and $ 39,000
+Added: as Series B Convertible Preferred Stock mezzanine liability, and $ 45,000
+Added: as amortization.
+Added: The expected term of the derivative in calculating the fair value of derivative liability is eighteen months.
The Company recalculated the value of the derivative
−Removed: liability associated with this convertible preferred stock and recorded a gain in connection with the change in fair market value of the
−Removed: derivative liability of $ 18,715 and $ 21,466 for the three months and six months ended June 30, 2025, and a loss of $ 39,975 and $ 33,954
−Removed: for the three months and six months ended June 30, 2024, respectively.
−Removed: The Company recorded preferred dividend expense of $ 2,513 and $ 4,999
−Removed: for the three months and six months ended June 30, 2025, and $ 2,513 and $ 5,026 for the three months and six months ended June 30, 2024,
−Removed: respectively.
−Removed: The Company recorded $ 48,992 and $ 41,508 as preferred stock dividend payable as of June 30, 2025 and December 31, 2024,
+Added: liability associated with this convertible preferred stock and recorded a loss in connection with the change in fair market value of the
+Added: derivative liability of $ 36,227 and $ 14,761 for the three months and nine months ended September 30, 2025, and a loss of $ 2,252 and $ 36,206
+Added: for the three months and nine months ended September 30, 2024, respectively.
+Added: The Company recorded preferred dividend expense of $ 2,541
+Added: and $ 7,539 for the three months and nine months ended September 30, 2025, and $ 2,541 and $ 7,567 for the three months and nine months ended
+Added: September 30, 2024, respectively.
+Added: The Company recorded $ 49,047 and $ 41,508 as preferred stock dividend payable as of September 30, 2025
+Added: and December 31, 2024, respectively.
+Added: Derivative liability payable for this transaction totaled $ 102,211 and $ 87,450 at September 30, 2025
+Added: and December 31, 2024, and Series B Convertible Preferred Stock mezzanine liability was $ 84,000 at September 30, 2025 and December 31,
2024, respectively.
−Removed: Derivative liability payable for this transaction totaled $ 65,984 and $ 87,450 at June 30, 2025 and December 31, 2024, and
−Removed: Series B Convertible Preferred Stock mezzanine liability was $ 84,000 at June 30, 2025 and December 31, 2024, respectively.
−Removed: The Company valued the conversion feature using the
−Removed: Black-Scholes option pricing model with the following assumptions:
−Removed: conversion exercise prices ranging from $0.0006 to $0.0141, the closing
−Removed: stock price of the Company's common stock on the date of valuation ranging from $0.00065 to $0.0184, an expected dividend yield of 0%,
−Removed: expected volatility ranging from 160.41% to 440.99%, risk-free interest rates ranging from 0.07% to 5.46%, and an expected term ranging
−Removed: from 0.13 years to 1.50 years.
+Added: The Company valued the conversion feature using
+Added: the Black-Scholes option pricing model with the following assumptions:
+Added: conversion exercise prices ranging from $0.0004 to $0.0141, the
+Added: closing stock price of the Company's common stock on the date of valuation ranging from $0.0006 to $0.0184, an expected dividend yield
+Added: of 0%, expected volatility ranging from 160.41% to 440.99%, risk-free interest rates ranging from 0.07% to 5.46%, and an expected term
+Added: ranging from 0.13 years to 1.50 years.
December 16, 2020
−Removed: On December 16, 2020, pursuant to the terms of the
−Removed: SPA, GHS purchased an additional 85 shares of Series B Convertible Preferred Stock for gross proceeds of $ 85,000 .
+Added: On December 16, 2020, pursuant to the terms of
+Added: the SPA, GHS purchased an additional 85 shares of Series B Convertible Preferred Stock for gross proceeds of $ 85,000 .
The Company paid
$ 1,700 in selling commissions to complete this financing.
−Removed: On December 16, 2020 (the date of receipt of cash
−Removed: proceeds of $85,000 issuance), the Company valued the fair value of the derivative and recorded an initial derivative liability of $ 106,241 ,
−Removed: $ 21,241 as day one loss on the derivative, $ 17,000 as interest expense, and $ 17,000 as Series B Convertible Preferred Stock mezzanine
−Removed: liability, and $ 85,000 as amortization.
+Added: On December 16, 2020 (the date of receipt of
+Added: cash proceeds of $85,000 issuance), the Company valued the fair value of the derivative and recorded an initial derivative liability
+Added: of $ 106,241 ,
+Added: as day one loss on the derivative, $ 17,000
+Added: as interest expense, and $ 17,000
+Added: as Series B Convertible Preferred Stock mezzanine liability, and $ 85,000
+Added: as amortization.
+Added: The expected term of the derivative in calculating the fair value of derivative liability is eighteen months.
The Company recalculated the value of the derivative
−Removed: liability associated with this convertible preferred stock and recorded a gain of $ 22,725 and $ 26,066 in connection with the change in
−Removed: fair market value of the derivative liability for the three months and six months ended June 30, 2025, and recorded a loss of $ 33,179
−Removed: and 41,230 for the three months and six months ended June 30, 2024, respectively.
−Removed: The Company recorded preferred stock dividend expense
−Removed: of $ 3,052 and $ 6,070 for the three months ended June 30, 2025, and $ 3,052 and $ 6,103 for the three months and six months ended June 30,
−Removed: 2024, respectively.
−Removed: The Company recorded $ 55,566 and $ 49,497 as preferred stock dividend payable as of June 30, 2025 and December 31,
−Removed: 2024, respectively.
−Removed: Derivative liability payable for this transaction totaled $ 80,123 and $ 106,189 as of June 30, 2025 and December 31,
−Removed: 2024, and Series B Convertible Preferred Stock mezzanine liability was $ 102,000 at June 30, 2025 and December 31, 2024, respectively.
−Removed: The Company valued the conversion feature using the
−Removed: Black-Scholes option pricing model with the following assumptions:
−Removed: conversion exercise prices ranging from $0.0006 to $0.0141, the closing
−Removed: stock price of the Company's common stock on the date of valuation ranging from $0.0006 to $0.0184, an expected dividend yield of 0%,
−Removed: expected volatility ranging from 160.41% to 437.59%, risk-free interest rates ranging from 0.07% to 5.46%, and an expected term ranging
−Removed: from 0.21 years to 1.50 years.
+Added: liability associated with this convertible preferred stock and recorded a loss of $ 43,990 and $ 17,924 in connection with the change in
+Added: fair market value of the derivative liability for the three months and nine months ended September 30, 2025, and recorded a loss of $ 2,734
+Added: and $ 43,964 for the three months and nine months ended September 30, 2024, respectively.
+Added: The Company recorded preferred stock dividend
+Added: expense of $ 3,085 and $ 9,154 for the three months and nine months ended September 30, 2025, and $ 3,085 and $ 9,188 for the three months
+Added: and nine months ended September 30, 2024, respectively.
+Added: The Company recorded $ 58,651 and $ 49,497 as preferred stock dividend payable as
+Added: of September 30, 2025 and December 31, 2024, respectively.
+Added: Derivative liability payable for this transaction totaled $ 124,113 and $ 106,189
+Added: as of September 30, 2025 and December 31, 2024, and Series B Convertible Preferred Stock mezzanine liability was $ 102,000 at September
+Added: 30, 2025 and December 31, 2024, respectively.
+Added: The Company valued the conversion feature using
+Added: the Black-Scholes option pricing model with the following assumptions:
+Added: conversion exercise prices ranging from $0.0004 to $0.0141, the
+Added: closing stock price of the Company's common stock on the date of valuation ranging from $0.0006 to $0.0184, an expected dividend yield
+Added: of 0%, expected volatility ranging from 160.41% to 437.59%, risk-free interest rates ranging from 0.07% to 5.46%, and an expected term
+Added: ranging from 0.21 years to 1.50 years.
December 20, 2021
−Removed: On December 20, 2021, pursuant to the terms of the
−Removed: SPA, GHS purchased an additional 51 shares of Series B Convertible Preferred Stock for gross proceeds of $ 51,000 .
+Added: On December 20, 2021, pursuant to the terms of
+Added: the SPA, GHS purchased an additional 51 shares of Series B Convertible Preferred Stock for gross proceeds of $ 51,000 .
The Company paid
$ 1,000 in selling commissions to complete this financing.
−Removed: For the year ended December 31, 2021, the Company inadvertently reported this sale
−Removed: of 51 shares as Series A Preferred stock (See Series A Supervoting Preferred Stock).
−Removed: The accompanying financial statements reflect the
−Removed: correct purchase of Series B Convertible Preferred Stock rather than Series A Convertible Preferred Stock.
+Added: For the year ended December 31, 2021, the Company inadvertently reported this
+Added: sale of 51 shares as Series A Preferred stock (See Series A Supervoting Preferred Stock).
+Added: The accompanying financial statements reflect
+Added: the correct purchase of Series B Convertible Preferred Stock rather than Series A Convertible Preferred Stock.
The overall effect of this
2 unchanged sentences
liability associated with this convertible preferred stock in connection with the change in fair market value of the derivative liability
−Removed: and recorded a gain of $ 13,635 and $ 15,639 for the three months and six months ended June 30, 2025, and recorded a loss of $ 19,907 and
−Removed: $ 24,738 for the three months and six months ended June 30, 2024, respectively.
−Removed: The Company recorded preferred stock dividend expense of
−Removed: $ 1,831 and $ 3,642 for the three months and six months ended June 30, 2025, and $ 1,831 and $ 3,662 for the three months and six months ended
−Removed: June 30, 2024, respectively.
−Removed: The Company recorded $ 25,915 and $ 22,273 as preferred stock dividend payable as of June 30, 2025 and December
−Removed: 31, 2024, respectively.
−Removed: Derivative liability payable for this transaction totaled $ 48,074 and $ 63,713 as of June 30, 2025 and December
−Removed: 31, 2024, and Series B Convertible Preferred Stock mezzanine liability was $ 61,200 as of June 30, 2025 and December 31, 2024, respectively.
−Removed: The Company valued the conversion feature using the
−Removed: Black-Scholes option pricing model with the following assumptions:
−Removed: conversion exercise prices ranging from $0.0006 to $0.0050 the closing
−Removed: stock price of the Company's common stock on the date of valuation ranging from $0.00065 to $0.0070, an expected dividend yield of 0%,
−Removed: expected volatility ranging from 174.58% to 221.64%, risk-free interest rates ranging from 0.91% to 5.46%, and an expected term of 1.50
+Added: and recorded a loss of $ 26,394 and $ 10,755 for the three months and nine months ended September 30, 2025, and recorded a loss of $ 1,640
+Added: and $ 26,379 for the three months and nine months ended September 30, 2024, respectively.
+Added: The expected term of the derivative in calculating the fair value of
+Added: derivative liability is eighteen months.
+Added: The Company recorded preferred stock dividend
+Added: expense of $ 1,851 and $ 5,493 for the three months and nine months ended September 30, 2025, and $ 1,851 and $ 5,513 for the three months
+Added: and nine months ended September 30, 2024, respectively.
+Added: The Company recorded $ 27,766 and $ 22,273 as preferred stock dividend payable as
+Added: of September 30, 2025 and December 31, 2024, respectively.
+Added: Derivative liability payable for this transaction totaled $ 74,468 and $ 63,713
+Added: as of September 30, 2025 and December 31, 2024, and Series B Convertible Preferred Stock mezzanine liability was $ 61,200 as of September
+Added: 30, 2025 and December 31, 2024, respectively.
+Added: The Company valued the conversion feature using
+Added: the Black-Scholes option pricing model with the following assumptions:
+Added: conversion exercise prices ranging from $0.0004 to $0.0050 the
+Added: closing stock price of the Company's common stock on the date of valuation ranging from $0.0006 to $0.0070, an expected dividend yield
+Added: of 0%, expected volatility ranging from 174.58% to 221.64%, risk-free interest rates ranging from 0.91% to 5.46%, and an expected term
+Added: of 1.50 years.
February 7, 2022
−Removed: On February 7, 2022, pursuant to the terms of the
−Removed: SPA, GHS purchased an additional 51 shares of Series B Convertible Preferred Stock for gross proceeds of $ 51,000 .
+Added: On February 7, 2022, pursuant to the terms of
+Added: the SPA, GHS purchased an additional 51 shares of Series B Convertible Preferred Stock for gross proceeds of $ 51,000 .
The Company paid
$ 1,000 in selling commissions to complete this financing.
−Removed: On February 7, 2022 (the date of receipt of cash proceeds
−Removed: of $51,000 issuance), the Company valued the fair value of the derivative and recorded an initial derivative liability of $ 65,025 , $ 14,025
−Removed: as day one loss on the derivative, $ 10,200 as interest expense, and $ 10,200 as Series B Convertible Preferred Stock mezzanine liability,
−Removed: and $ 51,000 as amortization.
−Removed: The Company recalculated the value of the derivative liability associated with the convertible note and recorded
−Removed: a gain of $ 13,635 and $ 15,639 in connection with the change in fair market value of the derivative liability for the three months and
−Removed: six months ended June 30, 2025, and recorded a loss of $ 19,907 and $ 24,738 for the three months and six months ended June 30, 2024, respectively.
−Removed: In addition, the Company recorded $ 1,831 and $ 3,641 as preferred stock dividend expense for the three months and six months ended June
−Removed: 30, 2025, $ 1,831 and $ 3,662 for the three months and six months ended June 30, 2024.
−Removed: Preferred stock dividend payable to GHS on this derivative
−Removed: totaled $ 24,929 and $ 21,288 as of June 30, 2025 and December 31, 2024, respectively.
−Removed: Derivative liability payable for this transaction
−Removed: totaled $ 48,074 and $ 63,713 as of June 30, 2025 and December 31, 2024, and Series B Convertible Preferred Stock mezzanine liability was
−Removed: $ 61,200 as of June 30, 2025 and December 31, 2024, respectively.
−Removed: The Company valued the conversion feature using the
−Removed: Black-Scholes option pricing model with the following assumptions:
−Removed: conversion exercise prices ranging from $0.0006 to $0.0096, the closing
−Removed: stock price of the Company's common stock on the date of valuation ranging from $0.0006 to $0.0172, an expected dividend yield of 0%,
−Removed: expected volatility ranging from 160.35% to 201.38%, risk-free interest rates ranging from 1.09% to 5.46%, and an expected term of 1.35
−Removed: to 1.5 years.
+Added: On February 7, 2022 (the date of receipt of
+Added: cash proceeds of $51,000 issuance), the Company valued the fair value of the derivative and recorded an initial derivative liability
+Added: of $ 65,025 ,
+Added: as day one loss on the derivative, $ 10,200
+Added: as interest expense, and $ 10,200
+Added: as Series B Convertible Preferred Stock mezzanine liability, and $ 51,000
+Added: as amortization.
+Added: The expected term of the derivative in calculating the fair value of derivative liability is eighteen months.
+Added: Company recalculated the value of the derivative liability associated with the convertible note and recorded a loss of $ 26,394
+Added: in connection with the change in fair market value of the derivative liability for the three months and nine months ended September
+Added: 30, 2025, and recorded a loss of $ 1,641
+Added: for the three months and nine months ended September 30, 2024, respectively.
+Added: In addition, the Company recorded $ 1,851
+Added: as preferred stock dividend expense for the three months and nine months ended September 30, 2025, $ 1,851
+Added: for the three months and nine months ended September 30, 2024.
+Added: Preferred stock dividend payable to GHS on this derivative totaled
+Added: as of September 30, 2025 and December 31, 2024, respectively.
+Added: Derivative liability payable for this transaction totaled $ 74,468
+Added: as of September 30, 2025 and December 31, 2024, and Series B Convertible Preferred Stock mezzanine liability was $ 61,200
+Added: as of September 30, 2025 and December 31, 2024, respectively.
+Added: The Company valued the conversion feature using
+Added: the Black-Scholes option pricing model with the following assumptions:
+Added: conversion exercise prices ranging from $0.0004 to $0.0096, the
+Added: closing stock price of the Company's common stock on the date of valuation ranging from $0.0006 to $0.0172, an expected dividend yield
+Added: of 0%, expected volatility ranging from 160.35% to 201.38%, risk-free interest rates ranging from 1.09% to 5.46%, and an expected term
+Added: of 1.35 to 1.5 years.
March 24, 2022
−Removed: On March 24, 2022, pursuant to the terms of the SPA,
−Removed: GHS purchased an additional 136 shares of Series B Convertible Preferred Stock for gross proceeds of $ 136,000 .
+Added: On March 24, 2022, pursuant to the terms of the
+Added: SPA, GHS purchased an additional 136 shares of Series B Convertible Preferred Stock for gross proceeds of $ 136,000 .
The Company paid $ 2,720
in selling commissions to complete this financing.
−Removed: On March 24, 2022 (the date of receipt of cash proceeds
−Removed: of $136,000 issuance), the Company valued the fair value of the derivative and recorded an initial derivative liability of $ 328,422 , $ 192,422
−Removed: as day one loss on the derivative, $ 27,200 as interest expense, and $ 27,200 as Series B Convertible Preferred Stock mezzanine liability,
−Removed: and $ 136,000 as amortization.
−Removed: The Company recalculated the value of the derivative liability associated with the convertible note in connection
−Removed: with the change in fair market value of the derivative liability and recorded a gain of $ 36,360 and $ 41,705 for the three months and six
−Removed: months ended June 30, 2025, and a loss of $ 53,086 and $ 12,968 for the three months and six months ended June 30, 2024, respectively.
−Removed: addition, the Company recorded preferred stock dividend expense of $ 4,883 and $ 9,712 for the three months and six months ended June 30,
−Removed: 2025, and $ 4,883 and $ 9,765 for the three months and six months ended June 30, 2024, respectively.
−Removed: The preferred stock dividend payable
−Removed: to GHS for this derivative totaled $ 64,064 and $ 54,352 as of June 30, 2025 and December 31, 2024.
−Removed: Derivative liability payable for this
−Removed: transaction totaled $ 128,197 and $ 169,902 as of June 30, 2025 and December 31, 2024, and Series B Convertible Preferred Stock mezzanine
−Removed: liability was $ 163,200 as of June 30, 2025 and December 31, 2024, respectively.
−Removed: The Company valued the conversion feature using the
−Removed: Black-Scholes option pricing model with the following assumptions:
−Removed: conversion exercise prices ranging from $0.0006 to $0.0096, the closing
−Removed: stock price of the Company's common stock on the date of valuation ranging from $0.0006 to $0.0018, an expected dividend yield of 0%,
−Removed: expected volatility ranging from 160.35% to 202.70%, risk-free interest rates ranging from 1.55% to 5.46%, and an expected term of 1.48
−Removed: to 1.5 years.
+Added: On March 24, 2022 (the date of receipt of
+Added: cash proceeds of $136,000 issuance), the Company valued the fair value of the derivative and recorded an initial derivative
+Added: liability of $ 328,422 ,
+Added: as day one loss on the derivative, $ 27,200
+Added: as interest expense, and $ 27,200
+Added: as Series B Convertible Preferred Stock mezzanine liability, and $ 136,000
+Added: as amortization.
+Added: The expected term of the derivative in calculating the fair value of derivative liability is eighteen months.
+Added: Company recalculated the value of the derivative liability associated with the convertible note in connection with the change in
+Added: fair market value of the derivative liability and recorded a loss of $ 70,384
+Added: for the three months and nine months ended September 30, 2025, and a loss of $ 4,375
+Added: for the three months and nine months ended September 30, 2024, respectively.
+Added: In addition, the Company recorded preferred stock
+Added: dividend expense of $ 4,936
+Added: for the three months and nine months ended September 30, 2025, and $ 4,936
+Added: for the three months and nine months ended September 30, 2024, respectively.
+Added: The preferred stock dividend payable to GHS for this
+Added: derivative totaled $ 69,000
+Added: as of September 30, 2025 and December 31, 2024.
+Added: Derivative liability payable for this transaction totaled $ 198,581
+Added: and $ 169,902
+Added: as of September 30, 2025 and December 31, 2024, and Series B Convertible Preferred Stock mezzanine liability was $ 163,200
+Added: as of September 30, 2025 and December 31, 2024, respectively.
+Added: The Company valued the conversion feature using
+Added: the Black-Scholes option pricing model with the following assumptions:
+Added: conversion exercise prices ranging from $0.0004 to $0.0096, the
+Added: closing stock price of the Company's common stock on the date of valuation ranging from $0.0006 to $0.0018, an expected dividend yield
+Added: of 0%, expected volatility ranging from 160.35% to 202.70%, risk-free interest rates ranging from 1.55% to 5.46%, and an expected term
+Added: of 1.48 to 1.5 years.
November 17, 2022
−Removed: On November 17, 2022, pursuant to the terms of the
−Removed: SPA, GHS purchased an additional 61 shares of Series B Convertible Preferred Stock for gross proceeds of $ 61,000 .
+Added: On November 17, 2022, pursuant to the terms of
+Added: the SPA, GHS purchased an additional 61 shares of Series B Convertible Preferred Stock for gross proceeds of $ 61,000 .
The Company paid
$ 1,220 in selling commissions to complete this financing.
−Removed: On November 17, 2022 (the date of receipt of cash
−Removed: proceeds of $61,000 issuance), the Company valued the fair value of the derivative and recorded an initial derivative liability of $ 54,072 ,
−Removed: $ 6,928 as day one gain on the derivative, $ 12,200 as interest expense, $ 12,200 as Series B Convertible Preferred Stock mezzanine liability,
−Removed: and $ 61,000 as amortization.
−Removed: The Company recalculated the value of the derivative liability associated with the convertible note in connection
−Removed: with the change in fair market value of the derivative liability and recorded a gain of $ 16,308 and $ 18,706 for the three months and six
−Removed: months ended June 30, 2025, and recorded a loss of $ 23,811 and 29,588 for the three months and six months ended June 30, 2024, respectively.
−Removed: In addition, the Company recorded preferred stock dividend expense of $ 2,190 and $ 4,356 for the three months ended June 30, 2025 and $ 2,199
−Removed: and $ 4,398 for the three months and six months ended June 30, 2024, respectively.
+Added: On November 17, 2022 (the date of receipt of
+Added: cash proceeds of $61,000 issuance), the Company valued the fair value of the derivative and recorded an initial derivative liability
+Added: of $ 54,072 ,
+Added: as day one gain on the derivative, $ 12,200
+Added: as interest expense, $ 12,200
+Added: as Series B Convertible Preferred Stock mezzanine liability, and $ 61,000
+Added: as amortization.
+Added: The expected term of the derivative in calculating the fair value of derivative liability is eighteen months.
+Added: Company recalculated the value of the derivative liability associated with the convertible note in connection with the change in
+Added: fair market value of the derivative liability and recorded a loss of $ 31,569
+Added: for the three months and nine months ended September 30, 2025, and recorded a loss of $ 1,962
+Added: for the three months and nine months ended September 30, 2024, respectively.
+Added: In addition, the Company recorded preferred stock
+Added: dividend expense of $ 2,214
+Added: for the three months and nine months ended September 30, 2025 and $ 2,214
+Added: for the three months and nine months ended September 30, 2024, respectively.
The preferred stock dividend payable to GHS for this
−Removed: derivative totaled $ 23,007 and $ 18,651 as of June 30, 2025 and December 31, 2024.
+Added: derivative totaled $ 25,221
+Added: as of September 30, 2025 and December 31, 2024.
Derivative liability payable for this transaction totaled $ 89,069
−Removed: $ 57,500 and $ 76,206 at June 30, 2025 and December 31, 2024, and Series B Convertible Preferred Stock mezzanine liability was $ 73,200 at
−Removed: June 30, 2025 and December 31, 2024, respectively.
−Removed: The Company valued the conversion feature using the
−Removed: Black-Scholes option pricing model with the following assumptions:
−Removed: conversion exercise prices ranging from $0.0006 to $0.0020, the closing
−Removed: stock price of the Company's common stock on the date of valuation ranging from $0.0006 to $0.0022, an expected dividend yield of 0%,
−Removed: expected volatility ranging from 174.58% to 201.59%, risk-free interest rates ranging from 4.68% to 5.46%, and an expected term of 1.5
+Added: at September 30, 2025 and December 31, 2024, and Series B Convertible Preferred Stock mezzanine liability was $ 73,200
+Added: at September 30, 2025 and December 31, 2024, respectively.
+Added: The Company valued the conversion feature using
+Added: the Black-Scholes option pricing model with the following assumptions:
+Added: conversion exercise prices ranging from $0.0004 to $0.0020, the
+Added: closing stock price of the Company's common stock on the date of valuation ranging from $0.0006 to $0.0022, an expected dividend yield
+Added: of 0%, expected volatility ranging from 174.58% to 201.59%, risk-free interest rates ranging from 3.68% to 5.46%, and an expected term
+Added: of 1.5 years.
August 24, 2023
−Removed: On August 24, 2023, pursuant to the terms of the SPA,
−Removed: GHS purchased 62 shares of Series B Convertible Preferred Stock for gross proceeds of $ 62,000 .
−Removed: The Company paid $ 1,240 in selling commissions
−Removed: to complete this financing.
−Removed: On August 24, 2023 (the date of receipt of cash proceeds
−Removed: of $62,000 issuance), the Company valued the fair value of the derivative and recorded an initial derivative liability of $ 61,679 , $ 321
−Removed: as day one gain on the derivative, $ 12,400 as interest expense, and $ 12,400 as Series B Convertible Preferred Stock mezzanine liability,
−Removed: and $ 62,000 as amortization.
+Added: On August 24, 2023, pursuant to the terms of the
+Added: SPA, GHS purchased 62 shares of Series B Convertible Preferred Stock for gross proceeds of $ 62,000 .
+Added: The Company paid $ 1,240 in selling
+Added: commissions to complete this financing.
+Added: On August 24, 2023 (the date of receipt of
+Added: cash proceeds of $62,000 issuance), the Company valued the fair value of the derivative and recorded an initial derivative liability
+Added: of $ 61,679 ,
+Added: as day one gain on the derivative, $ 12,400
+Added: as interest expense, and $ 12,400
+Added: as Series B Convertible Preferred Stock mezzanine liability, and $ 62,000
+Added: as amortization.
+Added: The expected term of the derivative in calculating the fair value of
+Added: derivative liability is eighteen months.
The Company recalculated the value of the derivative
liability associated with the convertible in connection with the change in fair market value of the derivative liability note and recorded
−Removed: a gain of $ 16,581 and $ 19,021 for the three months and six months ended June 30, 2025, and recorded a loss of $ 24,210 and $ 30,084 for
−Removed: the three months and six months ended June 30, 2024.
−Removed: In addition, the Company recorded preferred stock dividend expense of $ 2,226 and
−Removed: $ 4,427 for the three months and six months ended June 30, 2025, and $ 2,226 and $ 4,452 for the three months and six months ended June 30,
+Added: a loss of $ 32,098 and $ 13,076 for the three months and nine months ended September 30, 2025, and recorded a loss of $ 1,992 and $ 32,077
+Added: for the three months and nine months ended September 30, 2024.
+Added: In addition, the Company recorded preferred stock dividend expense of $ 2,250
+Added: and $ 6,677 for the three months and nine months ended September 30, 2025, and $ 2,250 and $ 6,702 for the three months and nine months ended
+Added: September 30, 2024, respectively.
+Added: The preferred stock dividend payable to GHS for this derivative totaled $ 18,785 and $ 12,108 as of September
+Added: 30, 2025 and December 31, 2024, respectively.
+Added: Derivative liability payable for this transaction totaled $ 90,587 and $ 77,511 as of September
+Added: 30, 2025 and December 31, 2024, and Series B Convertible Preferred Stock mezzanine liability was $ 74,400 at September 30, 2025 and December
31, 2024, respectively.
−Removed: The preferred stock dividend payable to GHS for this derivative totaled $ 16,535 and $ 12,108 as of June 30, 2025 and
−Removed: December 31, 2024, respectively.
−Removed: Derivative liability payable for this transaction totaled $ 58,490 and $ 77,511 as of June 30, 2025 and
−Removed: December 31, 2024, and Series B Convertible Preferred Stock mezzanine liability was $ 74,400 at June 30, 2025 and December 31, 2024, respectively.
−Removed: The Company valued the conversion feature using the
−Removed: Black-Scholes option pricing model with the following assumptions:
−Removed: conversion exercise prices ranging from $0.0006 to $0.0014, the closing
−Removed: stock price of the Company’s common stock on the date of valuation ranging from $0.0006 to $0.0015, an expected dividend yield of
−Removed: 0%, expected volatility ranging from 189.98% to 202.70%, risk-free interest rates ranging from 4.79% to 5.46%, and an expected term of
+Added: The Company valued the conversion feature using
+Added: the Black-Scholes option pricing model with the following assumptions:
+Added: conversion exercise prices ranging from $0.0004 to $0.0014, the
+Added: closing stock price of the Company’s common stock on the date of valuation ranging from $0.0006 to $0.0015, an expected dividend
+Added: yield of 0%, expected volatility ranging from 189.98% to 202.70%, risk-free interest rates ranging from 3.68% to 5.46%, and an expected
+Added: term of 1.5 years.
April 16, 2024
−Removed: On April 16, 2024, pursuant to the terms of the SPA,
−Removed: GHS purchased 20 shares of Series B Convertible Preferred Stock for gross proceeds of $ 17,600 .
−Removed: The Company paid $ 2,400 in selling commissions
−Removed: to complete this financing.
−Removed: On April 16, 2024 (the date of receipt of cash proceeds
−Removed: of $17,600 issuance), the Company valued the fair value of the derivative and recorded an initial derivative liability of $ 20,324 , $ 321
−Removed: as day one loss on the derivative, $ 4,000 as interest expense, and $ 24,000 as Series B Convertible Preferred Stock mezzanine liability,
−Removed: and $ 20,000 as amortization.
+Added: On April 16, 2024, pursuant to the terms of the
+Added: SPA, GHS purchased 20 shares of Series B Convertible Preferred Stock for gross proceeds of $ 17,600 .
+Added: The Company paid $ 2,400 in selling
+Added: commissions to complete this financing.
+Added: On April 16, 2024 (the date of receipt of cash
+Added: proceeds of $17,600 issuance), the Company valued the fair value of the derivative and recorded an initial derivative liability of $ 20,324 ,
+Added: as day one loss on the derivative, $ 4,000
+Added: as interest expense, and $ 24,000
+Added: as Series B Convertible Preferred Stock mezzanine liability, and $ 20,000
+Added: as amortization.
+Added: The expected term of the derivative in calculating the fair value of derivative liability is one year.
The Company recalculated the value of the derivative
liability associated with the convertible note in connection with the change in fair market value of the derivative liability and recorded
−Removed: a gain of $ 5,084 and $ 5,762 for the three months and six months ended June 30, 2025, and recorded a loss of $ 7,256 and $ 7,256 for the
−Removed: three months and six months ended June 30, 2024, respectively.
−Removed: In addition, the Company recorded preferred stock dividend expense of $ 718
−Removed: and $ 1,428 for the three months and six months ended June 30, 2025, and $ 592 and $ 592 for the three months and six months ended June 30,
−Removed: 2024, respectively.
−Removed: The preferred stock dividend payable to GHS for this derivative totaled $ 3,472 and $ 2,044 as of June 30, 2025 and
−Removed: December 31, 2024, respectively.
−Removed: Derivative liability payable for this transaction totaled $ 16,527 and $ 22,289 as of June 30, 2025 and
−Removed: December 31, 2024, and Series B Convertible Preferred Stock mezzanine liability was $ 24,000 as of June 30, 2025 and December 31, 2024,
−Removed: respectively.
−Removed: The Company valued the conversion feature using the
−Removed: Black-Scholes option pricing model with the following assumptions:
−Removed: conversion exercise prices ranging from $0.0006 to $0.0009, the closing
−Removed: stock price of the Company’s common stock on the date of valuation ranging from $0.0007 to $0.0014, an expected dividend yield of
−Removed: 0%, expected volatility ranging from 186.23% to 205.33%, risk-free interest rates ranging from 4.05% to 5.18%, and an expected term of
+Added: a loss of $ 9,858 and $ 4,096 for the three months and nine months ended September 30, 2025, and recorded a loss of $ 694 and $ 7,950 for
+Added: the three months and nine months ended September 30, 2024, respectively.
+Added: In addition, the Company recorded preferred stock dividend expense
+Added: of $ 726 and $ 2,154 for the three months and nine months ended September 30, 2025, and $ 726 and $ 1,318 for the three months and nine months
+Added: ended September 30, 2024, respectively.
+Added: The preferred stock dividend payable to GHS for this derivative totaled $ 4,198 and $ 2,044 as of
+Added: September 30, 2025 and December 31, 2024, respectively.
+Added: Derivative liability payable for this transaction totaled $ 26,385 and $ 22,289
+Added: as of September 30, 2025 and December 31, 2024, and Series B Convertible Preferred Stock mezzanine liability was $ 24,000 as of September
+Added: 30, 2025 and December 31, 2024, respectively.
+Added: The Company valued the conversion feature using
+Added: the Black-Scholes option pricing model with the following assumptions:
+Added: conversion exercise prices ranging from $0.0004 to $0.0009, the
+Added: closing stock price of the Company’s common stock on the date of valuation ranging from $0.0006 to $0.0014, an expected dividend
+Added: yield of 0%, expected volatility ranging from 186.23% to 205.33%, risk-free interest rates ranging from 3.68% to 5.18%, and an expected
+Added: term of 1 year.
October 3, 2024
−Removed: On October 3, 2024, pursuant to the terms of the SPA,
−Removed: GHS purchased 43 shares of Series B Convertible Preferred Stock and committed an additional 4 shares for services/fees for gross
−Removed: consideration of $ 43,000 .
+Added: On October 3, 2024, pursuant to the terms of the
+Added: SPA, GHS purchased 43 shares of Series B Convertible Preferred Stock and committed an additional 4 shares for services/fees
+Added: for gross consideration of $ 43,000 .
The Company paid $ 3,860 in selling commissions and legal fees to complete this financing.
−Removed: On October 3, 2024 (the date of receipt of cash proceeds
−Removed: of $39,140), the Company valued the fair value of the derivative and recorded an initial derivative liability of $ 43,000 , $ 11,480 as
−Removed: day one loss on the derivative, $ 8,600 as interest expense, and $51,600 as Series B Convertible Preferred Stock mezzanine liability,
−Removed: and $ 39,140 as amortization.
+Added: On October 3, 2024 (the date of receipt of cash
+Added: proceeds of $39,140), the Company valued the fair value of the derivative and recorded an initial derivative liability of $ 43,000 ,
+Added: day one loss on the derivative, $ 8,600 as
+Added: interest expense, and $ 51,600 as
+Added: Series B Convertible Preferred Stock mezzanine liability, and $ 39,140
+Added: as amortization.
+Added: The expected term of the derivative in calculating the fair value of derivative liability is one year.
The Company recalculated the value of the derivative
liability associated with the convertible note in connection with the change in fair market value of the derivative liability and recorded
−Removed: a gain of $ 16,405 and $ 13,540 for the three months ended June 30, 2025.
−Removed: In addition, the Company recorded preferred stock dividend expense
−Removed: of $ 1,687 and $ 3,497 for the three months and six months ended June 30, 2025.
−Removed: The preferred stock dividend payable to GHS for this derivative
−Removed: totaled $ 5,147 and $ 1,650 as of June 30, 2025 and December 31, 2024, respectively.
−Removed: Derivative liability payable for this transaction totaled
−Removed: $ 38,839 and $ 52,378 as of June 30, 2025 and December 31, 2024, and Series B Convertible Preferred Stock mezzanine liability was $ 56,400
−Removed: as of June 30, 2025 and December 31, 2024, respectively.
−Removed: The Company valued the conversion feature using the
−Removed: Black-Scholes option pricing model with the following assumptions:
−Removed: conversion exercise prices ranging from $0.0006 to $0.0009, the closing
−Removed: stock price of the Company’s common stock on the date of valuation ranging from $0.0008 to $0.0012, an expected dividend yield of
−Removed: 0%, expected volatility ranging from 182.85% to 201.59%, risk-free interest rates ranging from 4.05% to 4.16%, and an expected term of
+Added: a loss of $ 23,166 and $ 5,169 for the three months and nine months ended September 30, 2025.
+Added: In addition, the Company recorded preferred
+Added: stock dividend expense of $ 1,706 and $ 5,203 for the three months and nine months ended September 30, 2025.
+Added: The preferred stock dividend
+Added: payable to GHS for this derivative totaled $ 6,853 and $ 1,650 as of September 30, 2025 and December 31, 2024, respectively.
+Added: liability payable for this transaction totaled $ 62,001 and $ 52,378 as of September 30, 2025 and December 31, 2024, and Series B Convertible
+Added: Preferred Stock mezzanine liability was $ 56,400 as of September 30, 2025 and December 31, 2024, respectively.
+Added: The Company valued the conversion feature using
+Added: the Black-Scholes option pricing model with the following assumptions:
+Added: conversion exercise prices ranging from $0.0004 to $0.0009, the
+Added: closing stock price of the Company’s common stock on the date of valuation ranging from $0.0006 to $0.0012, an expected dividend
+Added: yield of 0%, expected volatility ranging from 182.85% to 201.59%, risk-free interest rates ranging from 3.68% to 4.16%, and an expected
+Added: term of 1 year.
Series C Convertible Preferred Stock
−Removed: On January 8, 2024, the Board of Directors of the
−Removed: Company had authorized issuance of up to 5,000 shares of preferred stock, $0.001 per share, designated as Series C Convertible Preferred
+Added: On January 8, 2024, the Board of Directors of
+Added: the Company had authorized issuance of up to 5,000 shares of preferred stock, $0.001 per share, designated as Series C Convertible Preferred
Each share of Preferred Stock shall have a par value of $0.001 per share and a stated value of $ 1,200 , subject to the increase
36 unchanged sentences
common stock issuable upon conversion of Series C Preferred Stock held by the applicable Holder.
−Removed: No fractional shares of Common Stock shall be issued
−Removed: upon conversion of shares of Series C Preferred Stock.
−Removed: If more than one share of Series C Preferred Stock shall be surrendered, or deemed
−Removed: surrendered, pursuant to subsection (c) above, for conversion at any one time by the same Holder, the number of full shares of Common
−Removed: Stock issuable upon conversion thereof shall be computed on the basis of the aggregate number of shares of such Series C Preferred Stock
−Removed: so surrendered.
−Removed: Any fractional share which would otherwise be issuable upon conversion of any shares of Series C Preferred Stock (after
−Removed: aggregating all shares of Series C Preferred Stock held by each holder) shall be rounded to the nearest whole number (with one-half being
−Removed: rounded upward).
−Removed: The Company shall reserve, free from preemptive rights,
−Removed: out of its authorized but unissued shares of Common Stock solely for the purpose of effecting the conversion of the shares of Series C
−Removed: Preferred Stock sufficient shares to provide for the conversion of all outstanding shares of Series C Preferred Stock.
−Removed: All shares of Common
−Removed: Stock which may be issued in connection with the conversion provisions set forth herein will, upon issuance by the Company, be validly
−Removed: issued, fully paid and nonassessable, with no personal liability attaching to the ownership thereof, and free from all taxes, liens or
−Removed: charges with respect thereto.
+Added: No fractional shares of Common Stock shall be
+Added: issued upon conversion of shares of Series C Preferred Stock.
+Added: If more than one share of Series C Preferred Stock shall be surrendered,
+Added: or deemed surrendered, pursuant to subsection (c) above, for conversion at any one time by the same Holder, the number of full shares
+Added: of Common Stock issuable upon conversion thereof shall be computed on the basis of the aggregate number of shares of such Series C Preferred
+Added: Stock so surrendered.
+Added: Any fractional share which would otherwise be issuable upon conversion of any shares of Series C Preferred Stock
+Added: (after aggregating all shares of Series C Preferred Stock held by each holder) shall be rounded to the nearest whole number (with one-half
+Added: being rounded upward).
+Added: The Company shall reserve, free from preemptive
+Added: rights, out of its authorized but unissued shares of Common Stock solely for the purpose of effecting the conversion of the shares of
+Added: Series C Preferred Stock sufficient shares to provide for the conversion of all outstanding shares of Series C Preferred Stock.
+Added: of Common Stock which may be issued in connection with the conversion provisions set forth herein will, upon issuance by the Company,
+Added: be validly issued, fully paid and non-assessable, with no personal liability attaching to the ownership thereof, and free from all taxes,
+Added: liens or charges with respect thereto.
All shares of Series C Preferred Stock which have
13 unchanged sentences
On March 1, 2024, a convertible promissory noteholder
−Removed: and the Company mutually agreed to convert the principal balance of $ 55,000 and accrued interest of $ 13,825 into a total of 57 shares
−Removed: of Series C Convertible Preferred Stock.
−Removed: The Company valued the fair value of the derivative and recorded an initial derivative liability
−Removed: of $ 40,668 , $ 425 as contra interest expense, $ 28,157 as day one gain on the derivative, $ 68,825 as amortization expense, and $ 68,825 as
−Removed: Series C Convertible Preferred Stock mezzanine liability.
+Added: and the Company mutually agreed to convert the principal balance of $ 55,000
+Added: and accrued interest of $ 13,825
+Added: into a total of 57
+Added: shares of Series C Convertible Preferred Stock.
+Added: The Company valued the fair value of the derivative and recorded an initial derivative
+Added: liability of $ 40,668 ,
+Added: as contra interest expense, $ 28,157
+Added: as day one gain on the derivative, $ 68,825
+Added: as amortization expense, and $ 68,825
+Added: as Series C Convertible Preferred Stock mezzanine liability.
+Added: The expected term of the derivative in calculating the fair value of derivative
+Added: liability is one year.
The Company recalculated the value of the derivative
liability associated with this convertible preferred stock in connection with the change in fair market value of the derivative liability
−Removed: and recorded a gain of $ 2,349 and a loss of $ 176 for the three months and six months ended June 30, 2025, and recorded a gain of $ 1,882
−Removed: and a loss of $ 2,888 for the three months and six months ended June 30, 2024, respectively.
−Removed: The Company recorded $ 2,046 and $ 4,070 as
−Removed: preferred stock dividend expense for the three months and six months ended June 30, 2025, and $ 675 and $ 1,349 for the three months and
−Removed: six months ended June 30, 2024, respectively.
−Removed: The Company recorded $ 10,929 and $ 6,859 as preferred stock dividend payable as of June 30,
+Added: and recorded a loss of $ 5,902 and $ 6,078 for the three months and nine months ended September 30, 2025, and recorded a loss of $ 4,832
+Added: and $ 7,720 for the three months and nine months ended September 30, 2024, respectively.
+Added: The Company recorded $ 2,069 and $ 6,139 as preferred
+Added: stock dividend expense for the three months and nine months ended September 30, 2025, and $ 2,069 and $ 4,790 for the three months and nine
+Added: months ended September 30, 2024, respectively.
+Added: The Company recorded $ 12,998 and $ 6,859 as preferred stock dividend payable as of September
30, 2025 and December 31, 2024.
−Removed: Derivative liability payable for this transaction totaled $ 44,071 and $ 43,894 as of June 30, 2025 and December
−Removed: 31, 2024, and Series C Convertible Preferred Stock mezzanine liability was $ 68,400 as of June 30, 2025 and December 31, 2024, respectively.
−Removed: The Company valued the conversion feature using the
−Removed: Black-Scholes option pricing model with the following assumptions:
−Removed: conversion exercise prices ranging from $0.00073 to $0.00138, the closing
−Removed: stock price of the Company's common stock on the date of valuation ranging from $0.0007 to $0.0014, an expected dividend yield of 0%,
−Removed: expected volatility ranging from 196.52% to 202.70%, risk-free interest rates ranging from 4.05% to 5.09%, and an expected term of 1 year.
+Added: Derivative liability payable for this transaction totaled $ 49,973 and $ 43,894 as of September 30, 2025
+Added: and December 31, 2024, and Series C Convertible Preferred Stock mezzanine liability was $ 68,400 as of September 30, 2025 and December
+Added: 31, 2024, respectively.
+Added: The Company valued the conversion feature using
+Added: the Black-Scholes option pricing model with the following assumptions:
+Added: conversion exercise prices ranging from $0.0004 to $0.00138, the
+Added: closing stock price of the Company's common stock on the date of valuation ranging from $0.0006 to $0.0014, an expected dividend yield
+Added: of 0%, expected volatility ranging from 191.75% to 202.70%, risk-free interest rates ranging from 3.68% to 5.09%, and an expected term
Series D Convertible Preferred Stock
−Removed: On March 17, 2025, the Board of Directors of the Company
−Removed: had authorized issuance of up to 210 shares of preferred stock, $0.001 par value per share, designated as Series D Convertible Preferred
−Removed: Each share of Preferred Stock shall have a par value of $0.001 per share and a stated value of $ 1,200 , subject to the increase
−Removed: set forth in the Certificate of Designation.
+Added: On March 17, 2025, the Board of Directors of the
+Added: Company had authorized issuance of up to 210 shares of preferred stock, $0.001 par value per share, designated as Series D Convertible
+Added: Preferred Stock.
+Added: Each share of Preferred Stock shall have a par value of $0.001 per share and a stated value of $ 1,200 , subject to the
+Added: increase set forth in the Certificate of Designation.
Each share of Series D Convertible
34 unchanged sentences
common stock issuable upon conversion of Series D Preferred Stock held by the applicable Holder.
−Removed: No fractional shares of Common Stock shall be issued
−Removed: upon conversion of shares of Series D Preferred Stock.
−Removed: If more than one share of Series D Preferred Stock shall be surrendered, or deemed
−Removed: surrendered, pursuant to subsection (c) above, for conversion at any one time by the same Holder, the number of full shares of Common
−Removed: Stock issuable upon conversion thereof shall be computed on the basis of the aggregate number of shares of such Series D Preferred Stock
−Removed: so surrendered.
−Removed: Any fractional share which would otherwise be issuable upon conversion of any shares of Series D Preferred Stock (after
−Removed: aggregating all shares of Series D Preferred Stock held by each holder) shall be rounded to the nearest whole number (with one-half being
−Removed: rounded upward).
−Removed: The Company shall reserve, free from preemptive rights,
−Removed: out of its authorized but unissued shares of Common Stock solely for the purpose of effecting the conversion of the shares of Series D
−Removed: Preferred Stock sufficient shares to provide for the conversion of all outstanding shares of Series D Preferred Stock.
−Removed: All shares of Common
−Removed: Stock which may be issued in connection with the conversion provisions set forth herein will, upon issuance by the Company, be validly
−Removed: issued, fully paid and non-assessable, with no personal liability attached to ownership thereof, and free from all taxes, liens or charges
−Removed: with respect thereto.
+Added: No fractional shares of Common Stock shall be
+Added: issued upon conversion of shares of Series D Preferred Stock.
+Added: If more than one share of Series D Preferred Stock shall be surrendered,
+Added: or deemed surrendered, pursuant to subsection (c) above, for conversion at any one time by the same Holder, the number of full shares
+Added: of Common Stock issuable upon conversion thereof shall be computed on the basis of the aggregate number of shares of such Series D Preferred
+Added: Stock so surrendered.
+Added: Any fractional share which would otherwise be issuable upon conversion of any shares of Series D Preferred Stock
+Added: (after aggregating all shares of Series D Preferred Stock held by each holder) shall be rounded to the nearest whole number (with one-half
+Added: being rounded upward).
+Added: The Company shall reserve, free from preemptive
+Added: rights, out of its authorized but unissued shares of Common Stock solely for the purpose of effecting the conversion of the shares of
+Added: Series D Preferred Stock sufficient shares to provide for the conversion of all outstanding shares of Series D Preferred Stock.
+Added: of Common Stock which may be issued in connection with the conversion provisions set forth herein will, upon issuance by the Company,
+Added: be validly issued, fully paid and non-assessable, with no personal liability attached to ownership thereof, and free from all taxes, liens
+Added: or charges with respect thereto.
All shares of Series D Preferred Stock which have
12 unchanged sentences
March 21, 2025
−Removed: On March 21, 2025, pursuant to the terms of the SPA,
−Removed: GHS purchased 60 shares of Series D Convertible Preferred Stock for gross consideration of $ 60,000 .
−Removed: The Company paid $ 9,200 in
−Removed: selling commissions and legal fees to complete this financing.
−Removed: On March 21, 2025 (the date of receipt of cash proceeds
−Removed: of $50,800), the Company valued the fair value of the derivative and recorded an initial derivative liability of $ 65,024 , $ 14,224 as
−Removed: day one loss on the derivative, $ 12,000 as interest expense, and $ 72,000 as Series D Convertible Preferred Stock mezzanine liability,
−Removed: and $ 50,800 as amortization.
+Added: On March 21, 2025, pursuant to the terms of
+Added: the SPA, GHS purchased 60
+Added: shares of Series D Convertible Preferred Stock for gross consideration of $ 60,000 .
+Added: The Company paid $ 9,200
+Added: in selling commissions and legal fees to complete this financing.
+Added: On March 21, 2025 (the date of receipt of cash
+Added: proceeds of $50,800), the Company valued the fair value of the derivative and recorded an initial derivative liability of $ 65,024 ,
+Added: as day one loss on the derivative, $ 12,000 as
+Added: interest expense, and $ 72,000 as
+Added: Series D Convertible Preferred Stock mezzanine liability, and $ 50,800 as
+Added: amortization.
+Added: The expected term of the derivative in calculating the fair value of derivative liability is one year.
The Company recalculated the value of the derivative
liability associated with the convertible note in connection with the change in fair market value of the derivative liability and recorded
−Removed: a gain of $ 15,252 and $ 15,443 for the three months and six months ended June 30, 2025.
−Removed: In addition, the Company recorded preferred stock
−Removed: dividend expense of $ 2,154 and $ 2,391 for the three months and six months ended June 30, 2025.
−Removed: The preferred stock dividend payable
−Removed: to GHS for this derivative totaled $ 2,391 as of June 30, 2025.
−Removed: The derivative liability payable for this transaction totaled $ 49,581 as
−Removed: of June 30, 2025, and Series D Convertible Preferred Stock mezzanine liability was $ 72,000 as of June 30, 2025.
−Removed: The Company valued the conversion feature using the
−Removed: Black-Scholes option pricing model with the following assumptions:
−Removed: conversion exercise price ranging from $0.0006 to $0.0008, the closing
−Removed: stock price of the Company’s common stock on the date of valuation ranges from $0.0006 to $0.001, an expected dividend yield of
−Removed: 0%, expected volatility ranging from 198.72% to 199.73%, risk-free interest rates ranging from 3.96% to 4.04%, and an expected term of
+Added: a loss of $ 29,574 and $ 14,131 for the three months and nine months ended September 30, 2025.
+Added: In addition, the Company recorded preferred
+Added: stock dividend expense of $ 2,178 and $ 4,569 for the three months and nine months ended September 30, 2025.
+Added: The preferred stock dividend
+Added: payable to GHS for this derivative totaled $ 4,569 as of September 30, 2025.
+Added: The derivative liability payable for this transaction totaled
+Added: $ 79,155 as of September 30, 2025, and Series D Convertible Preferred Stock mezzanine liability was $ 72,000 as of September 30, 2025.
+Added: The Company valued the conversion feature using
+Added: the Black-Scholes option pricing model with the following assumptions:
+Added: conversion exercise price ranging from $0.0004 to $0.0008, the
+Added: closing stock price of the Company’s common stock on the date of valuation ranges from $0.0006 to $0.001, an expected dividend yield
+Added: of 0%, expected volatility ranging from 191.75% to 199.73%, risk-free interest rates ranging from 3.68% to 4.04%, and an expected term
April 10, 2025
−Removed: On April 10, 2025, pursuant to the terms of the SPA,
−Removed: GHS purchased 45 shares of Series D Convertible Preferred Stock for gross consideration of $ 45,000 .
−Removed: The Company paid $ 900 in
−Removed: selling commissions and legal fees to complete this financing.
−Removed: On April 10, 2025 (the date of receipt of cash proceeds
−Removed: of $44,100), the Company valued the fair value of the derivative and recorded an initial derivative liability of $ 57,220 , $ 12,220 as
−Removed: day one loss on the derivative, $ 9,000 as interest expense, and $ 54,000 as Series D Convertible Preferred Stock mezzanine liability,
−Removed: and $ 45,000 as amortization.
−Removed: The Company recalculated the value of derivative liability
−Removed: associated with the convertible note in connection with the change in fair market value of the derivative liability and recorded a gain
−Removed: of $ 20,034 for the three months and six months ended June 30, 2025.
−Removed: In addition, the Company recorded preferred stock dividend expense
−Removed: of $ 1,438 and $ 1,438 for the three months and six months ended June 30, 2025.
−Removed: The preferred stock dividend payable to GHS for this
−Removed: derivative totaled $ 1,438 as of June 30, 2025.
−Removed: The derivative liability payable for this transaction totaled $ 37,186 as of June 30, 2025,
−Removed: and Series D Convertible Preferred Stock mezzanine liability was $ 54,000 as of June 30, 2025.
−Removed: The Company valued the conversion feature using the
−Removed: Black-Scholes option pricing model with the following assumptions:
−Removed: conversion exercise price ranging from $0.0006 to $0.0007, the closing
−Removed: stock price of the Company’s common stock on the date of valuation ranges from $0.0006 to $0.0010, an expected dividend yield of
−Removed: 0%, expected volatility ranging from 199.69% to 199.89%, risk-free interest rates ranging from 3.96% to 3.97%, and an expected term of
−Removed: May 14, 2025 - 1
−Removed: On May 14, 2025, pursuant to the terms of the SPA,
−Removed: GHS purchased 11 shares of Series D Convertible Preferred Stock for gross consideration of $ 11,000 .
+Added: On April 10, 2025, pursuant to the terms of the
+Added: SPA, GHS purchased 45 shares of Series D Convertible Preferred Stock for gross consideration of $ 45,000 .
The Company paid $ 900 in
selling commissions and legal fees to complete this financing.
−Removed: On May 10, 2025 (the date of receipt of cash proceeds
−Removed: of $10,780), the Company valued the fair value of the derivative and recorded an initial derivative liability of $ 13,815 , $ 2,815 as
−Removed: day one loss on the derivative, $ 2,200 as interest expense, $ 13,815 as Series D Convertible Preferred Stock mezzanine liability,
−Removed: and $ 11,000 as amortization.
−Removed: The Company recalculated the value of derivative liability
−Removed: associated with the convertible note in connection with the change in fair market value of the derivative liability and recorded a gain
−Removed: of $ 4,726 for the three months and six months ended June 30, 2025.
−Removed: In addition, the Company recorded preferred stock dividend expense
−Removed: of $ 204 and $ 204 for the three months and six months ended June 30, 2025.
+Added: On April 10, 2025 (the date of receipt of
+Added: cash proceeds of $44,100), the Company valued the fair value of the derivative and recorded an initial derivative liability of
+Added: as day one loss on the derivative, $ 9,000 as
+Added: interest expense, and $ 54,000
+Added: as Series D Convertible Preferred Stock mezzanine liability, and $ 45,000
+Added: as amortization.
+Added: The expected term of the derivative in calculating the fair value of derivative liability is one year.
+Added: The Company recalculated the value of
+Added: derivative liability associated with the convertible note in connection with the change in fair market value of the derivative
+Added: liability and recorded a loss of $ 22,180
+Added: for the three months and a loss of $2,146 for the nine months ended September 30, 2025.
+Added: In addition, the Company recorded preferred
+Added: stock dividend expense of $ 1,633
+Added: for the three months and nine months ended September 30, 2025.
The preferred stock dividend payable to GHS for this derivative
−Removed: totaled $ 204 as of June 30, 2025.
−Removed: The derivative liability payable for this transaction totaled $ 9,090 as of June 30, 2025, and Series
−Removed: D Convertible Preferred Stock mezzanine liability was $ 13,200 as of June 30, 2025.
−Removed: The Company valued the conversion feature using the
−Removed: Black-Scholes option pricing model with the following assumptions:
−Removed: conversion exercise price ranging from $0.0006 to $0.0007, the closing
−Removed: stock price of the Company’s common stock on the date of valuation ranges from $0.0006 to $0.0010, an expected dividend yield of
−Removed: 0%, expected volatility ranging from 194.94% to 199.89%, risk-free interest rates ranging from 3.96% to 4.14%, and an expected term of
+Added: totaled $ 3,071
+Added: as of September 30, 2025.
+Added: The derivative liability payable for this transaction totaled $ 59,366
+Added: as of September 30, 2025, and Series D Convertible Preferred Stock mezzanine liability was $ 54,000
+Added: as of September 30, 2025.
+Added: The Company valued the conversion feature using
+Added: the Black-Scholes option pricing model with the following assumptions:
+Added: conversion exercise price ranging from $0.0004 to $0.0007, the
+Added: closing stock price of the Company’s common stock on the date of valuation ranges from $0.0006 to $0.0010, an expected dividend
+Added: yield of 0%, expected volatility ranging from 191.75% to 199.89%, risk-free interest rates ranging from 3.68% to 3.97%, and an expected
+Added: term of 1 year.
May 14, 2025 - 1
−Removed: On May 14, 2025, pursuant to the terms of the SPA,
−Removed: GHS purchased 25 shares of Series D Convertible Preferred Stock for gross consideration of $ 25,000 .
+Added: On May 14, 2025, pursuant to the terms of
+Added: the SPA, GHS purchased 11 shares
+Added: of Series D Convertible Preferred Stock for gross consideration of $ 11,000 .
+Added: The Company paid $ 220
+Added: in selling commissions and legal fees to complete this financing.
+Added: On May 10, 2025 (the date of receipt of cash
+Added: proceeds of $10,780), the Company valued the fair value of the derivative and recorded an initial derivative liability of $ 13,815 ,
+Added: as day one loss on the derivative, $ 2,200
+Added: as interest expense, $ 13,815 as
+Added: Series D Convertible Preferred Stock mezzanine liability, and $ 11,000 as
+Added: amortization.
+Added: The expected term of the derivative in calculating the fair value of derivative liability is one year.
+Added: The Company recalculated the value of derivative
+Added: liability associated with the convertible note in connection with the change in fair market value of the derivative liability and recorded
+Added: a loss of $ 5,422 and $ 696 for the three months and nine months ended September 30, 2025.
+Added: In addition, the Company recorded preferred stock
+Added: dividend expense of $ 399 and $ 603 for the three months and nine months ended September 30, 2025.
+Added: The preferred stock dividend payable
+Added: to GHS for this derivative totaled $ 603 as of September 30, 2025.
+Added: The derivative liability payable for this transaction totaled $ 14,512
+Added: as of September 30, 2025, and Series D Convertible Preferred Stock mezzanine liability was $ 13,200 as of September 30, 2025.
+Added: The Company valued the conversion feature using
+Added: the Black-Scholes option pricing model with the following assumptions:
+Added: conversion exercise price ranging from $0.0004 to $0.0007, the
+Added: closing stock price of the Company’s common stock on the date of valuation ranges from $0.0006 to $0.0010, an expected dividend
+Added: yield of 0%, expected volatility ranging from 191.75% to 199.89%, risk-free interest rates ranging from 3.68% to 4.14%, and an expected
+Added: term of 1 year.
+Added: May 14, 2025 - 2
+Added: On May 14, 2025, pursuant to the terms of the
+Added: SPA, GHS purchased 25 shares of Series D Convertible Preferred Stock for gross consideration of $ 25,000 .
The Company paid $ 500 in
selling commissions and legal fees to complete this financing.
−Removed: On May 10, 2025 (the date of receipt of cash proceeds
−Removed: of $24,500), the Company valued the fair value of the derivative and recorded an initial derivative liability of $ 31,399 , $ 6,399 as
−Removed: day one loss on the derivative, $ 5,000 as interest expense, $ 13,815 as Series D Convertible Preferred Stock mezzanine liability,
−Removed: and $ 11,000 as amortization.
−Removed: The Company recalculated the value of derivative liability
−Removed: associated with the convertible note in connection with the change in fair market value of the derivative liability and recorded a gain
−Removed: of $ 4,726 for the three months and six months ended June 30, 2025.
−Removed: In addition, the Company recorded preferred stock dividend expense
−Removed: of $ 204 and $ 204 for the three months and six months ended June 30, 2025.
−Removed: The preferred stock dividend payable to GHS for this derivative
−Removed: totaled $ 204 as of June 30, 2025.
−Removed: The derivative liability payable for this transaction totaled $ 20,659 as of June 30, 2025, and Series
−Removed: D Convertible Preferred Stock mezzanine liability was $ 30,000 as of June 30, 2025.
−Removed: The Company valued the conversion feature using the
−Removed: Black-Scholes option pricing model with the following assumptions:
−Removed: conversion exercise price ranging from $0.0006 to $0.0007, the closing
−Removed: stock price of the Company’s common stock on the date of valuation ranges from $0.0006 to $0.0010, an expected dividend yield of
−Removed: 0%, expected volatility ranging from 194.94% to 199.89%, risk-free interest rates ranging from 3.96% to 4.14%, and an expected term of
−Removed: The following table represents the change in the fair
−Removed: value of the derivative liabilities for the six months ended June 30, 2025 and 2024, respectively.
+Added: On May 10, 2025 (the date of receipt of cash
+Added: proceeds of $24,500), the Company valued the fair value of the derivative and recorded an initial derivative liability of $ 31,399 ,
+Added: as day one loss on the derivative, $ 5,000 as
+Added: interest expense, $ 13,815 as
+Added: Series D Convertible Preferred Stock mezzanine liability, and $ 11,000
+Added: as amortization.
+Added: The expected term of the derivative in calculating the fair value of derivative liability is one year.
+Added: The Company recalculated the value of derivative
+Added: liability associated with the convertible note in connection with the change in fair market value of the derivative liability and recorded
+Added: a loss of $ 12,322 and $ 1,583 for the three months and nine months ended September 30, 2025.
+Added: In addition, the Company recorded preferred
+Added: stock dividend expense of $ 907 and $ 1,371 for the three months and nine months ended September 30, 2025.
+Added: The preferred stock dividend
+Added: payable to GHS for this derivative totaled $ 1,371 as of September 30, 2025.
+Added: The derivative liability payable for this transaction totaled
+Added: $ 32,981 as of September 30, 2025, and Series D Convertible Preferred Stock mezzanine liability was $ 30,000 as of September 30, 2025.
+Added: The Company valued the conversion feature using
+Added: the Black-Scholes option pricing model with the following assumptions:
+Added: conversion exercise price ranging from $0.0004 to $0.0007, the
+Added: closing stock price of the Company’s common stock on the date of valuation ranges from $0.0006 to $0.0010, an expected dividend
+Added: yield of 0%, expected volatility ranging from 191.75% to 199.89%, risk-free interest rates ranging from 3.68% to 4.14%, and an expected
+Added: term of 1 year.
+Added: The following table represents the change in the
+Added: fair value of the derivative liabilities for the nine months ended September 30, 2025 and 2024, respectively.
Schedule of change in the fair value of the derivative liabilities
2 unchanged sentences
Change in the fair value of derivative liability
−Removed: Balance at June 30, 2024
+Added: Balance at September 30, 2024
Balance at December 31, 2024
1 unchanged sentence
Change in the fair value of derivative liability
−Removed: Balance at June 30, 2025
−Removed: As a result of issuance of derivative instruments,
−Removed: the Company recorded a derivative liability of $ 697,935 and $ 758,787 as of June 30, 2025 and December 31, 2024, Series B Convertible Preferred
−Removed: Stock liability of $ 699,600 and $ 694,800 as of June 30, 2025 and December 31, 2024, Series C Convertible Preferred Stock liability of
−Removed: $ 68,400 as of June 30, 2025 and December 31, 2024, and Series D Convertible Preferred Stock liability of $ 169,200 as of June 30, 2025,
−Removed: respectively.
−Removed: A summary of the status of the Company’s warrants
−Removed: as of June 30, 2025 and 2024, and changes during the six months then ended, is presented below:
+Added: Balance at September 30, 2025
+Added: As a result of issuance of derivative
+Added: instruments, the Company recorded a derivative liability of $ 1,073,416
+Added: and $ 758,787
+Added: as of September 30, 2025 and December 31, 2024, Series B Convertible Preferred Stock liability of $ 699,600
+Added: and $ 694,800
+Added: as of September 30, 2025 and December 31, 2024, Series C Convertible Preferred Stock liability of $ 68,400
+Added: as of September 30, 2025 and December 31, 2024, and Series D Convertible Preferred Stock liability of $ 169,200
+Added: and $ 0 as of September 30, 2025 and December 31, 2024, respectively.
+Added: A summary of the status of the Company’s
+Added: warrants as of September 30, 2025 and 2024, and changes during the nine months then ended, is presented below:
Schedule of warrant activity
4 unchanged sentences
( 2,555,897 )
−Removed: Outstanding at June 30, 2024
+Added: Outstanding at September 30, 2024
Outstanding at December 31, 2024
Expired/Forfeited
−Removed: Outstanding at June 30, 2025
−Removed: NOTE 9 – SUBSEQUENT EVENT
−Removed: The Company filed a Certificate of Amendment of its
−Removed: Articles of Incorporation with the Secretary of State of Nevada to increase its authorized shares of common stock, $0.001 par value per
−Removed: share, from 3,000,000,000 shares to 10,000,000,000 shares, which filing became effective on September 3, 2025.
+Added: Outstanding at September 30, 2025
+Added: NOTE 9 – SUBSEQUENT EVENTS
+Added: On October 29, 2025, the
+Added: Company entered into an extension to the Note G pursuant to which the Maturity Date for the Note G was extended until April 29, 2026.
+Added: In addition, all prior events of default were waived by GHS (See NOTE 5).
+Added: On October 30, 2025, GHS Investments entered into
+Added: a financing arrangement and purchased 35 shares of Series D Convertible Preferred Stock, $0.001 par value, $1,200 stated value, for a
+Added: cash consideration of $34,300, pursuant to the terms of a Security Purchase Agreement.
+Added: October 30, 2025, the Company designated (the “COD”) a new class of Series E Convertible Preferred Stock consisting
+Added: of 3,000 shares and having the rights and features described below.
+Added: The material features
+Added: of the Series E Preferred Stock, as set forth in the COD, include the following:
+Added: · Subject to a leak out (as set forth in the COD), each share of Series E Preferred Stock is convertible
+Added: into shares of Common Stock (subject to a 4.99% beneficial ownership limitation) determined by dividing the Stated Value ($1,200) by the
+Added: Conversion Price ($0.0005, subject to adjustments as set forth in the COD).
+Added: · Subject to the beneficial ownership limitation, the Series E Preferred Stock will vote with the Common
+Added: Stock on an as converted basis.
+Added: · Each share of Series E Preferred Stock is entitled to receive cumulative dividends of 10% per annum, payable
+Added: quarterly, beginning on the issue date while the Series E Preferred Stock is outstanding.
+Added: Dividends may be paid in cash or in shares of
+Added: Series E Preferred Stock, at the Company’s discretion.
+Added: The Company has the right
+Added: to redeem all (but not less than all) shares of the Series E Preferred Stock issued and outstanding at any time upon three business days’
+Added: notice at a redemption price per Series E Preferred Stock equal to the product of (i) the 1.10 multiplied by (ii) the sum of (x) the Stated
+Added: Value, (y) all accrued but unpaid dividends, and (z) all other amount due to the holder.
+Added: On October 30, 2025,
+Added: the Company entered into a Stock Purchase Agreement (the “ SPA ”) with GHS Investments, LLC, a Nevada limited liability
+Added: company (“ GHS ”), pursuant to which, upon the occurrence of certain conditions, including defaults by the Company under
+Added: its agreements with GHS and subsequent waivers and extensions thereof by GHS, the Company would issue to GHS 100 shares (the “ GHS
+Added: Shares ”) of the Company’s Series A Super-voting Preferred Stock (the “ Series A Preferred Stock ”).
+Added: November 5, 2025 (the “ Closing ” or, the “ Closing Date ”), the closing of the SPA occurred, and GHS
+Added: was issued 100 shares of Series A Preferred Stock.
+Added: On October 30, 2025,
+Added: the Company entered into a Debt Exchange Agreement (the “ Emmons DEA ”) with it’s Chief Executive Officer and Director.
+Added: Pursuant to the Emmons DEA, Mr.
+Added: Emmons exchanged $387,242 of accrued and unpaid fees owed to him by the Company under various agreements
+Added: for 268.529 shares (the “ Emmons Shares ”) of the Company’s Series E Convertible Preferred Stock (the “ Series
+Added: E Preferred Stock ”).
+Added: In addition to the issuance of the Emmons Shares, Mr.
+Added: Emmons agreed to cancel 7,800 shares of Series A
+Added: Preferred Stock owned by him.
+Added: The closing of the Emmons DEA occurred on November 5, 2025.
+Added: On October 30, 2025,
+Added: the Company entered into a Debt Exchange Agreement (the “ Mitta DEA ”) with Vidhyadhar Mitta, it’s former Director.
+Added: Pursuant to the Mitta DEA, Mr.
+Added: Mitta exchanged $216,156 of principal and accrued and unpaid interest owed to him by the Company under
+Added: the 12% Secured Convertible Promissory Note issued to Mr.
+Added: Mitta on August 2, 2019 (the “ Mitta Note ”) for 180 shares
+Added: (the “ Mitta Shares ”) of Series E Preferred Stock.
+Added: In addition to the issuance of the Mitta Shares, Mr.
+Added: to cancel 12,000 shares of Series A Preferred Stock owned by him.
+Added: The closing of the Mitta DEA occurred on November 5, 2025.
+Added: On October 30, 2025,
+Added: the Company entered into a Debt Exchange Agreement (the “ McNemar DEA ”) with Karen McNemar, it’s former Chief
+Added: Financial Officer.
+Added: Pursuant to the McNemar DEA, Ms.
+Added: McNemar exchanged $323,269 of accrued and unpaid fees owed to her by the Company under
+Added: various agreements for 269 shares (the “ McNemar Shares ”) of Series E Preferred Stock.
+Added: In addition to the issuance of
+Added: the McNemar Shares, Ms.
+Added: McNemar agreed to cancel 6,045 shares of Series A Preferred Stock owned by her.
+Added: The closing of the McNemar DEA
+Added: occurred on November 5, 2025.
+Added: On October 30, 2025,
+Added: the Company entered into a Debt Exchange Agreement (the “ Senior Secured DEA ”) with Sergey Gogin and YVSGRAMORAH, LLC,
+Added: an entity controlled by Mr.
+Added: Gogin (the “ Senior Secured Holders ”).
+Added: Pursuant to the Senior Secured DEA, the Senior Secured
+Added: Holders exchanged an aggregate of $522,195 of principal and accrued and unpaid interest owed to the Senior Secured Holders by the Company
+Added: under the Senior Secured Convertible Note issued to Mr.
+Added: Gogin on January 22, 2018 (the “ Gogin Note ”) and the Senior
+Added: Secured Convertible Note issued to YSVGRAMORAH, LLC on March 6, 2019 (the “ YVS Note ,” together, with the Gogin Note,
+Added: the “ Senior Secured Notes ”) for an aggregate of 489 shares (the “ Senior Secured Shares ”) of Series
+Added: E Preferred Stock.
+Added: The closing of the Senior Secured DEA occurred on November 5, 2025.
+Added: Contingent upon the Closing,
+Added: on October 29, 2025, the Company entered into an Asset Transfer Agreement (the “ Transfer Agreement ”) with Aingura IIoT,
+Added: S.L., a company incorporated under the laws of Spain (“ Aingura ”).
+Added: Pursuant to the Transfer Agreement, upon the Closing and a
+Added: transaction pursuant to which the Company acquires assets or an acquisition of an operating entity, the Company will transfer certain
+Added: assets owned by it to Aingura in exchange for $30,843 in fees owed to Aingura.
+Added: Until the asset transfer occurs, the Company is required
+Added: to have $30,843 of Series E Preferred Stock held in escrow in favor of Aingura (the “ Escrow Shares ”).
+Added: Once the asset
+Added: transfer occurs, the shares held in escrow will be returned to the Company.
+Added: In the event that the asset transfer does not occur within
+Added: three months of the date of the Transfer Agreement, the Company will issue the Escrow Shares to Aingura in full satisfaction of the fees
+Added: owed to Aingura by the Company.
+Added: Contingent upon the Closing,
+Added: on October 30, 2025, the Company entered into a Consulting Agreement (the “ Consulting Agreement ”) with Mr.
+Added: Emmons pursuant
+Added: Emmons will receive a monthly fee of $4,167 payable in Series E Preferred Stock issuable no later than 15 days following
+Added: the end of the month.
+Added: The term of the Consulting Agreement is three months which is automatically renewable upon the consent of the parties
+Added: for additional one-month terms.
+Added: Upon Closing, the Mitta
+Added: Note (See NOTE E) was cancelled and the Security Agreement effective as of August 2, 2019 between Mr.
+Added: Mitta and the Company was terminated.
+Added: Upon Closing, all previous
+Added: agreements between Ms.
+Added: McNemar and Mr.
+Added: Emmons (besides the Consulting Agreement) and the Company were terminated.
+Added: McNemar has also
+Added: entered into a new consulting agreement with the Company.
+Added: Upon Closing, the Senior
+Added: Secured Notes were cancelled and the Security and Pledge Agreement dated January 22, 2018 between Mr.
+Added: Gogin and the Company was terminated
+Added: and the Security and Pledge Agreement dated March 6, 2019 between YVSGRAMORAH, LLC and the Company was terminated.
+Added: Contingent upon the Closing,
+Added: on October 30, 2025, the Company entered into debt exchange agreements with two consultants pursuant to which the Company agreed to exchange
+Added: an aggregate of $9,985 of unpaid consulting fees for an aggregate of 19,969,770 shares of the Company’s Common Stock.
+Added: At Closing, all previously-issued
+Added: shares of Series A Preferred Stock were terminated and, simultaneously, 100 shares of Series A Preferred Stock were issued to GHS.
+Added: Upon Closing, Karen McNemar
+Added: resigned from all positions within the Company.
+Added: Upon Closing, Vidhyadhar
+Added: Mitta resigned as a director of the Company.
+Added: Upon Closing, the Board
+Added: of Directors was expanded to four members and Sarfraz Hajee, Mark Grober, and Matthew Schissler were appointed as directors.
+Added: Closing, there are no arrangements or understandings between the new directors and any other persons pursuant to which the new directors
+Added: were appointed as directors.
+Added: Hajee, Grober,
+Added: and Schissler are each equity owners of GHS which has been issued shares of various series of preferred stock of the Company, including
+Added: the GHS Shares.
+Added: As has been disclosed above, through its ownership of all shares of Series A Preferred Stock issued and outstanding, GHS
+Added: has voting control of the Company.
+Added: GHS has also been issued the GHS Note, which is still outstanding as of the date hereof.
+Added: On December 1, 2025, Company entered into a Securities
+Added: Purchase Agreement, as amended, with GHS in the amount of up to $210,000 (the “ SPA ”).
+Added: On December 1, 2025, the Company
+Added: and GHS entered into Amendment No.
+Added: 2 to the SPA pursuant to which the aggregate number of shares of Series D Convertible Preferred Stock
+Added: could be issued was increased to up to 259 shares and a fifth additional Closing was added in the amount of up to 34 shares of Series
+Added: D Preferred Stock for a Purchase Price of up to $34,000.
+Added: On December 2, 2025, the Company and GHS closed
+Added: the fifth additional Closing under the SPA in the amount of $34,000 with 34 shares of Series D Preferred Stock being issued to GHS.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.