Annual report pursuant to Section 13 and 15(d)

CONVERTIBLE DEBT

CONVERTIBLE DEBT	12 Months Ended
Dec. 31, 2023
CONVERTIBLE DEBT
CONVERTIBLE DEBT	NOTE 6 - CONVERTIBLE DEBT The Company has $240,000 of outstanding convertible debentures. The debentures carry 1% per annum interest rate which is accrued until maturity. The original maturity dates have passed and the lender allows for rolling 30-day extensions until notice is given by the lender to the Company to the contrary. As of December 31, 2023, that agreement is still in place.

CONVERTIBLE DEBT

12 Months Ended

Dec. 31, 2023

NOTE 6 - CONVERTIBLE DEBT

The Company has $240,000 of outstanding convertible debentures. The debentures carry 1% per annum interest rate which is accrued until maturity. The original maturity dates have passed and the lender allows for rolling 30-day extensions until notice is given by the lender to the Company to the contrary. As of December 31, 2023, that agreement is still in place.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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+ Details