SHORT TERM LOAN PAYABLE	9 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]
SHORT TERM LOAN PAYABLE	5. SHORT TERM LOAN PAYABLE During the quarter ended March 31, 2024, the Company entered into a debt arrangement that requires that the Company pay back $70,200 in 10 instalments. The Company received $58,500 in cash to fund operations and incurred $11,400 in upfront expenses and will pay interest at a rate of 15%. The Company will pay off the debt in the next 6 months. Additionally, the Company had to place 115,000,000 shares into escrow as collateral for the short-term loan. As of the reporting date, the Company was in full compliance of the short-term loan. On August 8, 2024, the Company paid off their short-term loan payable with 1800 Diagonal Lending LLC in the amount of $66,668. The Company received approval from 1800 Diagonal Lending LLC to have the transfer agent release the 115,000,000 shares that were held in escrow as collateral for the short-term loan payable

SHORT TERM LOAN PAYABLE

9 Months Ended

Sep. 30, 2024

5. SHORT TERM LOAN PAYABLE

During the quarter ended March 31, 2024, the Company entered into a debt arrangement that requires that the Company pay back $70,200 in 10 instalments. The Company received $58,500 in cash to fund operations and incurred $11,400 in upfront expenses and will pay interest at a rate of 15%. The Company will pay off the debt in the next 6 months. Additionally, the Company had to place 115,000,000 shares into escrow as collateral for the short-term loan. As of the reporting date, the Company was in full compliance of the short-term loan.

On August 8, 2024, the Company paid off their short-term loan payable with 1800 Diagonal Lending LLC in the amount of $66,668. The Company received approval from 1800 Diagonal Lending LLC to have the transfer agent release the 115,000,000 shares that were held in escrow as collateral for the short-term loan payable

POWERDYNE INTERNATIONAL, INC. 10-Q