Company: AIBT
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001096906-25-000861
Chunk: 16

Company: AIBOTICS, INC.
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 8
Chunk 16
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, the Company signed an agreement with a major shareholder (“Lender F”) for a $165,000 note payable. The note accrues interest at a rate of 1.75% compounded annually and has a maturity date of January 30, 2025 (Note 5 – Related Party Transactions).
 
During the year ended December 31, 2021, the Company issued three convertible notes payable. In accordance with the terms of the note agreements, during the year ended December 31, 2022, the Company received notice to convert the three notes into shares of the Company’s common stock. As a result, an aggregate of $232,500 in principal and $13,145 in interest was converted into 245,645 shares of common stock (Note 7 – Stockholders’ Equity). Following the conversion, $2,407 of accrued interest remained outstanding and owed to one of the note holders (“Lender D”). As of the three months ended March 31, 2025, the Company notes all convertible notes payables are currently in default.
 
The following tables reflects a summary of the outstanding principal and interest by each lender and their respective maturity date as of March 31, 2025 and December 31, 2024:

March 31, 2025
 
December 31, 2024

Maturity Date
 
Total Outstanding***
 
Principal
 
Interest
 
Total Outstanding***
 
Principal
 
Interest

Lender A
 
8/27/2024
$
652,762
 $
500,000 
 
152,762
 $
633,989 
 $
500,000 
$
133,989 

Lender B
 
9/27/2024
 
86,712
 
55,000 
 
31,713
 
82,637 
 
55,000 
 
27,637 

Lender C
 
10/27/2024
 
340,681
 
220,000 
 
120,681
 
324,670 
 
220,000 
 
104,670 

Lender D
 
10/21/2024
 
2,407
 
- 
 
2,407
 
2,407 
 
- 
 
2,407 

Lender E
 
1/21/2024
 
475,822
 
325,000 
 
150,822
 
453,460 
 
325,000 
 
128,460