NOTES PAYABLE	12 Months Ended
Dec. 31, 2024
NOTES PAYABLE
NOTES PAYABLE	NOTE 6 – NOTES PAYABLE On June 14, 2016, the Company issued a promissory note in the principal amount of $35,000 to an unaffiliated lender. The Note is due on demand at any time after its original maturity date of June 14, 2017 and carries an interest rate of 8% per annum. Interest expense for the years ended December 31, 2024 and 2023 totaled $2,800 and $2,800, respectively, resulting in accrued interest at December 31, 2024 and 2023 of $23,942 and $21,142, respectively. Principal balance on the note at December 31, 2024 and 2023 was $35,000. On August 15, 2018, the Company issued a promissory note in the principal amount of $10,000 to an unaffiliated lender. The Note was due on November 15, 2018, is currently in default, and carries an interest rate of 12% per annum. Interest expense for the years ended December 31, 2024 and 2023 totaled $1,200 and $1,200, respectively, resulting in accrued interest at December 31, 2024 and 2023 of $6,907 and $5,707, respectively. Principal balance on the note at December 31, 2024 and 2023 was $10,000. On November 15, 2018, the Company issued a promissory note in the principal amount of $20,000 to an unaffiliated lender. The Note was due on February 15, 2019, is currently in default, and carries an interest rate of 12% per annum. Interest expense for the years ended December 31, 2024 and 2023 totaled $2,400 and $2,400, respectively, resulting in accrued interest at December 31, 2024 and 2023 of $13,815 and $11,415, respectively. Principal balance on the note at December 31, 2024 and 2023 was $20,000. On December 31, 2018, the Company issued a promissory note in the principal amount of $30,000 to an unaffiliated lender. The Note was due on December 31, 2019, is currently in default, and carries an interest rate of 12% per annum. Interest expense for the years ended December 31, 2024 and 2023 totaled $3,600 and $3,600, respectively, resulting in accrued interest at December 31, 2024 and 2023 of $20,722 and $17,122, respectively. Principal balance on the note at December 31, 2024 and 2023 was $30,000. On January 23, 2019, the Company issued a promissory note in the principal amount of $50,000 to an unaffiliated lender. The Note was due on January 23, 2020, is currently in default, and carries an interest rate of 12% per annum. Interest expense for the years ended December 31, 2024 and 2023 totaled $6,000 and $6,000, respectively, resulting in accrued interest at December 31, 2024 and 2023 of $34,537 and $28,537, respectively. Principal balance on the note at December 31, 2024 and 2023 was $50,000. On May 1, 2020, the Company issued a promissory note in the principal amount of $5,000 to an unaffiliated lender. The Note was due on May 1, 2021, is currently in default, and carries an interest rate of 12% per annum. Interest expense for the years ended December 31, 2024 and 2023 totaled $600 and $600, respectively, resulting in accrued interest at December 31, 2024 and 2023 of $2,791 and $2,191. Principal balance on the note at December 31, 2024 and 2023 was $5,000. On April 18, 2022, the Company issued a promissory note in the principal amount of $10,000 to an unaffiliated lender. The Note was due on April 18, 2023, is currently in default, and carries an interest rate of 8% per annum. Interest expense for the years ended December 31, 2024 and 2023 totaled $800 and $565, respectively, resulting in accrued interest at December 31, 2024 and 2023 of $2,163 and $1,363, respectively. Principal balance on the note at December 31, 2024 and 2023 was $10,000. On May 9, 2024, the Company issued a promissory note in the principal amount of $10,000 to an unaffiliated lender. The Note is due on May 9, 2025 and carries an interest rate of 10% per annum. Interest expense for the years ended December 31, 2024 and 2023 totaled $647 and $-0-, respectively, resulting in accrued interest at December 31, 2024 and 2023 of $647 and $-0-, respectively. Principal balance on the note at December 31, 2024 and December 31, 2023 was $10,000 and $-0-, respectively. On June 21, 2024, the Company issued a promissory note in the principal amount of $10,000 to an unaffiliated lender. The Note is due on June 21, 2025 and carries an interest rate of 10% per annum. Interest expense for the years ended December 31, 2024 and 2023 totaled $529 and $-0-, respectively, resulting in accrued interest at December 31, 2024 and 2023 of $529 and $-0-, respectively. Principal balance on the note at December 31, 2024 and 2023 was $10,000 and $-0-, respectively. On June 25, 2024, the Company issued a promissory note in the principal amount of $10,000 to an unaffiliated lender. The Note is due on June 25, 2025 and carries an interest rate of 10% per annum. Interest expense for the years ended December 31, 2024 and 2023 totaled $518 and $-0-, respectively, resulting in accrued interest at December 31, 2024 and 2023 of $518 and $-0-, respectively. Principal balance on the note at December 31, 2024 and 2023 was $10,000 and $-0-, respectively.

NOTES PAYABLE

12 Months Ended

Dec. 31, 2024

NOTE 6 – NOTES PAYABLE

On June 14, 2016, the Company issued a promissory note in the principal amount of $35,000 to an unaffiliated lender. The Note is due on demand at any time after its original maturity date of June 14, 2017 and carries an interest rate of 8% per annum. Interest expense for the years ended December 31, 2024 and 2023 totaled $2,800 and $2,800, respectively, resulting in accrued interest at December 31, 2024 and 2023 of $23,942 and $21,142, respectively. Principal balance on the note at December 31, 2024 and 2023 was $35,000.

On August 15, 2018, the Company issued a promissory note in the principal amount of $10,000 to an unaffiliated lender. The Note was due on November 15, 2018, is currently in default, and carries an interest rate of 12% per annum. Interest expense for the years ended December 31, 2024 and 2023 totaled $1,200 and $1,200, respectively, resulting in accrued interest at December 31, 2024 and 2023 of $6,907 and $5,707, respectively. Principal balance on the note at December 31, 2024 and 2023 was $10,000.

On November 15, 2018, the Company issued a promissory note in the principal amount of $20,000 to an unaffiliated lender. The Note was due on February 15, 2019, is currently in default, and carries an interest rate of 12% per annum. Interest expense for the years ended December 31, 2024 and 2023 totaled $2,400 and $2,400, respectively, resulting in accrued interest at December 31, 2024 and 2023 of $13,815 and $11,415, respectively. Principal balance on the note at December 31, 2024 and 2023 was $20,000.

On December 31, 2018, the Company issued a promissory note in the principal amount of $30,000 to an unaffiliated lender. The Note was due on December 31, 2019, is currently in default, and carries an interest rate of 12% per annum. Interest expense for the years ended December 31, 2024 and 2023 totaled $3,600 and $3,600, respectively, resulting in accrued interest at December 31, 2024 and 2023 of $20,722 and $17,122, respectively. Principal balance on the note at December 31, 2024 and 2023 was $30,000.

On January 23, 2019, the Company issued a promissory note in the principal amount of $50,000 to an unaffiliated lender. The Note was due on January 23, 2020, is currently in default, and carries an interest rate of 12% per annum. Interest expense for the years ended December 31, 2024 and 2023 totaled $6,000 and $6,000, respectively, resulting in accrued interest at December 31, 2024 and 2023 of $34,537 and $28,537, respectively. Principal balance on the note at December 31, 2024 and 2023 was $50,000.

On May 1, 2020, the Company issued a promissory note in the principal amount of $5,000 to an unaffiliated lender. The Note was due on May 1, 2021, is currently in default, and carries an interest rate of 12% per annum. Interest expense for the years ended December 31, 2024 and 2023 totaled $600 and $600, respectively, resulting in accrued interest at December 31, 2024 and 2023 of $2,791 and $2,191. Principal balance on the note at December 31, 2024 and 2023 was $5,000.

On April 18, 2022, the Company issued a promissory note in the principal amount of $10,000 to an unaffiliated lender. The Note was due on April 18, 2023, is currently in default, and carries an interest rate of 8% per annum. Interest expense for the years ended December 31, 2024 and 2023 totaled $800 and $565, respectively, resulting in accrued interest at December 31, 2024 and 2023 of $2,163 and $1,363, respectively. Principal balance on the note at December 31, 2024 and 2023 was $10,000.

On May 9, 2024, the Company issued a promissory note in the principal amount of $10,000 to an unaffiliated lender. The Note is due on May 9, 2025 and carries an interest rate of 10% per annum. Interest expense for the years ended December 31, 2024 and 2023 totaled $647 and $-0-, respectively, resulting in accrued interest at December 31, 2024 and 2023 of $647 and $-0-, respectively. Principal balance on the note at December 31, 2024 and December 31, 2023 was $10,000 and $-0-, respectively.

On June 21, 2024, the Company issued a promissory note in the principal amount of $10,000 to an unaffiliated lender. The Note is due on June 21, 2025 and carries an interest rate of 10% per annum. Interest expense for the years ended December 31, 2024 and 2023 totaled $529 and $-0-, respectively, resulting in accrued interest at December 31, 2024 and 2023 of $529 and $-0-, respectively. Principal balance on the note at December 31, 2024 and 2023 was $10,000 and $-0-, respectively.

On June 25, 2024, the Company issued a promissory note in the principal amount of $10,000 to an unaffiliated lender. The Note is due on June 25, 2025 and carries an interest rate of 10% per annum. Interest expense for the years ended December 31, 2024 and 2023 totaled $518 and $-0-, respectively, resulting in accrued interest at December 31, 2024 and 2023 of $518 and $-0-, respectively. Principal balance on the note at December 31, 2024 and 2023 was $10,000 and $-0-, respectively.

BIOETHICS LTD 10-K