NOTES PAYABLE (Tables)

12 Months Ended

May 31, 2025

Schedule of notes payable
	May 31,2025			May 31,2024
Notes payable to entities, non-interest bearing, due on demand, unsecured	$	54,079		$	54,079
Note payable to an individual, due on May 22, 2015, in default (B)		25,000			25,000
Note payable to an entity, non-interest bearing, due on February 1, 2016, in default (D)		50,000			50,000
Note payable to a family trust, stated interest of $2,500, due on October 31, 2015, in default (E)		7,000			7,000
Note payable to a corporation, stated interest of $5,000, due on October 21, 2015, in default (G)		50,000			50,000
Note payable to a corporation, stated interest of $5,000, due on November 6, 2015, in default (H)		50,000			50,000
Note payable to an individual, due on December 20, 2015, in default, 24% default rate from January 20, 2016 (I)		25,000			25,000
Convertible note payable to an entity, interest at 12%, due on December 29, 2016, in default (M)		40,000			40,000
Note payable to a family trust, interest at 10%, due on November 30, 2016, in default (P)		25,000			25,000
Convertible note payable to an individual, interest at 10%, due on demand (V)		46,890			46,890
Convertible note payable to an individual, interest at 8%, due on demand (W)		29,000			29,000
Convertible note payable to an individual, interest at 8%, due on demand (X)		21,500			21,500
Convertible note payable to an entity, interest at 10%, due on demand (Y)		8,100			8,100
Convertible note payable to an entity, interest at 10%, due on March 5, 2019, in default (DD)		35,000			35,000
Convertible note payable to an entity, interest at 10%, due on September 18, 2019, in default (GG)		8,506			8,505
Convertible note payable to an entity, interest at 12%, due on November 30, 2021, in default (SS)		154,764			154,764
Convertible note payable to an entity, interest at 10%, due on June 4, 2022, in default (VV)		152,369			152,369
Convertible note payable to an entity, interest at 8%, due on August 27, 2022, in default (WW)		14,000			14,000
Convertible note payable to an entity, interest at 12%, due on December 21, 2022, in default (YY)		424			424
Convertible note payable to an entity, interest at 12%, due on February 8, 2023, in default (ZZ)		174,128			203,095
Convertible note payable to an entity, interest at 12%, due on November 4, 2023, in default (C)		6,339			12,649
Convertible note payable to an entity, interest at 12%, due on April 10, 2024, in default (F)		76,375			76,375
Convertible note payable to an entity, interest at 10%, due on August 15, 2024, in default (J)		–			10,201
Convertible note payable to an entity, interest at 12%, due on September 18, 2024, in default (K)		3,500			2,448
Convertible note payable to an entity, interest at 12%, due on January 18, 2025, in default (L)		30,555			11,217
Note payable to an entity, terms to be agreed on and memorialized subsequent to May 31, 2025		48,641			48,641
Note payable to the Small Business Administration under the Payroll Protection Program, interest at 1%, due in installments through May 4, 2022, forgivable in part or whole subject to certain requirements.		70,000			70,000
Note payable to the Small Business Administration under the Payroll Protection Program, interest at 1%, due in installments through April 5, 2023, forgivable in part or whole subject to certain requirements.		100,000			100,000
Notes payable to individuals, non-interest bearing, due on demand		103,476			103,476
Total Notes Payable		1,409,646			1,434,733
Less: Current Portion		(1,409,646	)		(1,434,733	)
Long-Term Notes Payable	$	–		$	–

Schedule of principal balance of notes payable


	May 31, 2025		May 31, 2024

Lender A	$	329,317	$	358,283
Lender B		209,874		209,874
14 other lenders		870,455		898,285

Total		1,409,646		1,466,442

Less debt discounts		–		(31,709	)

Net	$	1,409,646	$	1,434,733

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details

Transglobal Management Group, Inc. S-1