Quarterly report [Sections 13 or 15(d)]

NOTE PAYABLE (Tables)

v3.25.2
NOTE PAYABLE (Tables)
6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
SCHEDULE OF NOTES PAYABLE

The Company has the following outstanding note payable as of June 30, 2025 and December 31, 2024:

 

 

Note  

Issuance

Date

 

Maturity

Date

 

Interest

Rate

    Original Borrowing     Balance at June 30, 2025     Balance at December 31, 2024  
                                 
Note payable   May 15, 2020   May 15, 2050     3.75 %   $ 150     $ -     $ 118  
Total note payable                             -       118  
Non-current                             -       (98 )
Current                           $ -     $ 20  
SCHEDULE OF INTEREST EXPENSE

The following table provides a breakdown of interest expense:

 

 

    2025     2024  
    Three Months Ended June 30,  
    2025     2024  
             
Interest expense – amortization of debt discount   $ -     $ -  
Interest expense – amortization of debt issuance costs     -       -  
Interest expense – other     -       10  
                 
Total interest expense   $ -     $ 10  

 

    2025     2024  
    Six Months Ended June 30,  
    2025     2024  
             
Interest expense – amortization of debt discount   $ -     $ 99  
Interest expense – amortization of debt issuance costs     -       73  
Interest expense     1       63  
                 
Total interest expense   $ 1     $ 235