Company: AIBT
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001096906-25-001375
Chunk: 21

Company: AIBOTICS, INC.
Filing Date: 2025-08-19
Form: 10-Q
Item: Item 8
Chunk 21
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 and was recorded within the unaudited condensed statement of stockholders’ equity for the six months ended June 30, 2025. 
 
On April 22, 2025, Lender A (“the Seller”) entered into a note assignment and purchase agreement with a buyer (“Lender G”) whereas the Seller agreed to sell, assign, transfer, and convey the Note, including the unpaid principal and accrued and unpaid interest thereon to the Buyer. 
 
During the six months ended June 30, 2025, the Company converted $32,500 of accrued interest into shares of the Company’s common stock. Lender A received 3,000,000 common shares, with a fair value of $66,000, which is recorded within the unaudited condensed statement of stockholder equity.

13

On September 17, 2021, the Company issued a lender (“Lender B”) a convertible note payable with principal of $55,000 and an original issue discount of $5,000. The note matures after 24 months and has an effective interest rate of 8%. As of June 30, 2025, and December 31, 2024, this convertible note payable was in default and therefore classified as a current liability. Default interest accrues at a rate of 20% upon default, and the default conversion price is $0.75 per share. 
 
On October 27, 2021, the Company issued a lender (“Lender C”) a convertible note payable with principal of $220,000 and an original issue discount of $20,000. The note matures after 24 months and has an effective interest rate of 8%. As of June 30, 2025, and December 31, 2024, this convertible note payable was in default and therefore classified as a current liability. Default interest accrues at a rate of 20% upon default, and the default conversion price is $0.75 per share. 
 
On April 23, 2025, Lender C (“the Seller”) entered into a note assignment and purchase agreement with a buyer (“Lender G”) whereas the Seller agreed to sell, assign, transfer, and convey the Note, including the unpaid principal and accrued and unpaid interest thereon to the Buyer.
 
As of June 30, 2025, the Company converted $110,000 of accrued interest into common shares pursuant to the terms of an existing convertible note agreement. Although the conversion was effective