Company: HYEX
Filing Date: 2025-04-22
Form Type: 10-K/A
Source: 0001096906-25-000553
Chunk: 76

Company: HEALTHY EXTRACTS INC.
Filing Date: 2025-04-22
Form: 10-K/A
Chunk 76
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 in interest and will accrue an additional $8,111 of interest over the life of the loan. During 2024, the Company has made principal payments totaling $247,300 towards the unsecured debt J. As of December 31, 2024, the principal balance of unsecured debt J was paid off. F-20 Secured debt K: On April 15, 2024, the Company agreed to a secured loan by any rights, title or interest in their account. The principal loan amount was $33,000 and will have a loan term of eighteen months. The note has a cost of funds equal to 11% of the loan amount or $3,630 and will be due upon acceptance of the loan amount. A total of $1,109 of the interest has been expensed in 2024. Payment will be made daily at a repayment rate of 6% of daily sales and will be due October 15, 2024 and will continue until full amount owed is paid. During 2024, the Company has made principal payments totaling $34,002 towards the secured debt E. As of December 31, 2024 the principal balance of secured debt E total $2,427.

NOTE 7 – CONVERTIBLE DEBT

As of December 31, 2024, the Company had the following convertible debt outstanding:

| Note                                       
 Convertible promissory note #1             |     | Issuance         
 Date             
 July 28, 2016    |     | Maturity         
 Date             
 January 19, 2017 |     | Interest 
 Rate     
 8%       |     |  Original 
 Principal 
    Amount 
   $15,000 |     |   Balance at 
 December 31, 
         2024 
       $6,750 |     |   Balance at 
 December 31, 
         2023 
       $6,750 |
|:-------------------------------------------|:----|:-----------------|:----|:-----------------|:----|:---------|:----|----------:|:----|-------------:|:----|-------------:|
| Convertible promissory note #2             |     | May 25, 2022     |     | August 5, 2023   |     | 10%      |     |   154,000 |     |            - |     |            - |
| Convertible promissory note #3             |     | May