Notes Payable and Note payable-other | Note 7 – Notes Payable and Note payable-other Notes payable consists of notes payable from our subsidiary, notes payable-other, convertible notes payable, notes payable for stock purchases under Reg A, short term notes payable, and notes payable-BOAPIN portal, as follows: Schedule of short term notes payable December 31 June 30, 2023 2023 Notes from subsidiary $ 158,333 $ 158,333 Notes payable - Reg A deposits 140,000 140,000 Short term bridge loan 100,000 100,000 Total notes payable $ 398,333 $ 398,333 Notes Payable - subsidiary The Company has various loans and credit lines outstanding. The credit line carries an interest rate of 6.24 9.24 10.90 Schedule of loans and credit lines outstanding December 31 June 30, 2023 2023 Wells Fargo Loan $ 8,770 $ 8,770 On Deck Loan 139,569 139,569 Prosper Loans 9,994 9,994 $ 158,333 $ 158,333 Short term bridge loan - COHEN On July 31, 2020, the Company secured a $ 500,000 12 On August 19, 2021, the Company repaid $ 300,000 100,000 At December 31, 2023 and June 30, 2023, the Company recorded a short term note payable of $ 100,000 3,000 6,000 3,000 6,000 94,677 88,677 Note payable – stock purchases under Reg A At December 31, 2023 and June 30, 2023, the Company has recorded $ 140,000 140,000 2,700 5,400 2,700 5,400 28,507 23,107 Note Payable – Other In November, 2016, the Company secured a $ 50,000 4 During the three and six months ended December 31, 2023, the Company recorded interest expense of $ 500 1,000 500 1,000 14,282 13,282 Convertible note payable – BENZA, D2CF On March 1, 2016 and March 3, 2016, the Company closed a private placement of debt and received an aggregate of $ 612,500 13,750 660,000 On July 21, 2023, the Company entered into settlement agreements with the principals of the company. In the Nevada Lawsuit (see Note 10), the Company agreed to settle for $345,000, with $145,000 paid upon signing and $200,000 due within 6 months. The Settlement Agreement allows for an increased payment of $600,000 if the Second Nevada Settlement Payment isn’t made within six months. In the New York Lawsuit (see Note 10), the Company will pay $80,000, with $10,000 due upon execution of the Settlement. Payments received by the Company will be applied first to the Second New York Payment. On July 26, 2023 the company paid $ 145,000 10,000 On February 6, 2024, the Company entered into an amendment to Settlement Agreement related to above two litigations where within two days of the signing of this Amendment, WHSI shall make total payments in the amount of twenty thousand dollars ($20,000) and a ten thousand payment ($10,000) made on or before April 5th, 2024, to “GRQ” pursuant to the payment instructions provided by Mr. Honig. This $20,000 payment shall be credited to the Second Nevada Settlement Payment for the Benza Pharma LLC note as that term is defined in the Settlement Agreement. All outstanding principal and accrued interest shall be due on April 15th, 2024 (the “Extended Due Date”). As of December 31, 2023 and June 30, 2023, the Company reported $ 518,750 673,750 Convertible Note – Leonite Capital, LLC On December 5, 2022, the Company received $ 250,000 62,500 March 5, 2024 8,789 17,578 related to the convertible notes. As of December 31, 2023 and June 30, 2023, the Company reported $ 295,122 246,148 The Company will begin making nine equal amortization payments of $ 34,722 15,000,000 commitment shares valued at $ 78,000 28,064 10,000 59,936 11,987 12,500 The Leonite Convertible Note bears annual interest at the greater of 10% or the Prime Rate plus three percent (3%). Credit line – MediPendant New York Inc. On September 30, 2014, the subsidiary received a line of credit with Medi Pendant New York, Inc. (“MNY). Under the original terms of the line of credit agreement, the Company was able to borrow up to $ 300,000 6.5 September 30, 2017 500,000 200,000 25,653 8,436 397,500 As of December 31, 2023 and June 30, 2023, the balance due on the line of credit was $ 0 397,500 Debt settlement – On Deck, Susquehanna, MCA Cure In 2019, our subsidiary engaged MCA CURE to negotiate settlements with two creditors: On Deck and Susquehanna Salt, noted in the table above. The Company ceased paying the loan payments and paid to MCA Cure $43,875 in 2019 and $47,000 in 2020, at which point the Company was contacted and MCA Cure assured they had enough funds to negotiate with the creditors. In 2020, the Company discovered MCA Cure had not performed when bank accounts were levied for $33,705 by the creditors. $18,705 was subsequently refunded by the collection firm. On September 30, 2020, the bank accounts were again levied for additional funds. Currently the Company has a settlement agreement in place with Susquehanna Salt Loan, and has booked a reserve against the $90,875 funds paid to MCA Cure. The Company has hired an attorney and is making every effort to recover funds and damages from MCA Cure. To date, there has been no resolution to the situation. As of December 31, 2023 and June 30, 2023, the Company recorded $ 0 0 139,569 139,569 0 0 |