DUE TO FINANCIAL INSTITUTIONS	9 Months Ended
Sep. 30, 2025
Due To Financial Institutions
DUE TO FINANCIAL INSTITUTIONS	NOTE 10 – DUE TO FINANCIAL INSTITUTIONS The Company has taken loans from financial institutions in the form of sales of future receivables, had outstanding balance of principal (net of unamortized debt discounts) of $917,405 and $917,405 as of March 30, 2025, and December 31, 2024. On March 31, 2025, the loan amount of $917,405 was extinguished due to the deconsolidation of ReachOut, IND and RedGear resulting in gain as described in note 8 - Assignment of assets and liabilities. The Company, through its wholly owned subsidiary IND, engaged PIPE Technologies Inc. for financing. The financing arrangement was in the form of a sale of future revenues, whereby PIPE advanced a net amount of $613,800 on February 7, 2023, recorded on the books of the Company. On February 1, 2023 the Company recognized $59,520 as principal charged to interest expense related to the financing, also recorded on the books of the Company. The amount of $59,520 was deducted from the proceeds advanced. The total loan principal of $773,320 was recognized. From March 31 to September 30, 2023 the Company made monthly payments of $64,138 or $44,871, from October 31 to December 7, 2023. The total amount paid of $583,578 was applied to principal leaving a balance of $89,743. On March 31, 2025, the loan amount of $89,743 was extinguished due to the deconsolidation of ReachOut, IND and RedGear resulting in gain as described in note 8 - Assignment of assets and liabilities. The Company arranged a similar financing transaction with Fora Financial for which it received cash of $1,212,500 net of underwriting fees of $37,500 (treated as OID and amortized over the life of the loan). A total of $312,500 of interest charges were charged by the lender. Weekly payments of principal and interest totalling $31,250 were scheduled to be paid beginning March 7, 2023. At December 31, 2023 a total principal of $1,247,294, less unamortized discounts of $177,342 ($1,069,952 net for presentation) have been recognized as due to Fora. At December 31, 2024, the debt discount was fully amortized and the principal balance was $753,725. On March 31, 2025, the loan amount of $753,725 was extinguished due to the deconsolidation of ReachOut, IND and RedGear resulting in gain as described in note 8 - Assignment of assets and liabilities. On January 30, 2024, the Company arranged another financing (Future Sale of Receivables) with Fox Funding Group LLC for which it received cash of $287,705 net of underwriting fees of $12,295 (treated as OID and amortized over the life of the loan). A total of $105,000 of interest charges were charged by the lender. Weekly payments of principal and interest totalling $12,625, beginning February 2, 2024. At December 10, 2024, the debt discount was fully amortized and the principal balance was $65,937. On March 31, 2025, the loan amount of $65,937 was extinguished due to the deconsolidation of ReachOut, IND and RedGear resulting in gain as described in note 8 - Assignment of assets and liabilities. Choice Financial Group is owed $8,000 under a financial arrangement as of March 30, 2025. On March 31, 2025, the loan amount of $8,000 was extinguished due to the deconsolidation of ReachOut, IND and RedGear resulting in gain as described in note 8 - Assignment of assets and liabilities. On June 20, 2025, The Company financed $32,097 of the total insurance premium of $41,722 through IPFS Finance at an interest rate of 15%. The financed amount is repayable in 10 equal monthly installments commencing on July 20, 2025. As of September 30, 2025, the outstanding balance amounted to $26,140.

DUE TO FINANCIAL INSTITUTIONS

9 Months Ended

Sep. 30, 2025

NOTE 10 – DUE TO FINANCIAL INSTITUTIONS

The Company has taken loans from financial institutions in the form of sales of future receivables, had outstanding balance of principal (net of unamortized debt discounts) of $917,405 and $917,405 as of March 30, 2025, and December 31, 2024. On March 31, 2025, the loan amount of $917,405 was extinguished due to the deconsolidation of ReachOut, IND and RedGear resulting in gain as described in note 8 - Assignment of assets and liabilities.

The Company, through its wholly owned subsidiary IND, engaged PIPE Technologies Inc. for financing. The financing arrangement was in the form of a sale of future revenues, whereby PIPE advanced a net amount of $613,800 on February 7, 2023, recorded on the books of the Company. On February 1, 2023 the Company recognized $59,520 as principal charged to interest expense related to the financing, also recorded on the books of the Company. The amount of $59,520 was deducted from the proceeds advanced. The total loan principal of $773,320 was recognized. From March 31 to September 30, 2023 the Company made monthly payments of $64,138 or $44,871, from October 31 to December 7, 2023. The total amount paid of $583,578 was applied to principal leaving a balance of $89,743. On March 31, 2025, the loan amount of $89,743 was extinguished due to the deconsolidation of ReachOut, IND and RedGear resulting in gain as described in note 8 - Assignment of assets and liabilities.

The Company arranged a similar financing transaction with Fora Financial for which it received cash of $1,212,500 net of underwriting fees of $37,500 (treated as OID and amortized over the life of the loan). A total of $312,500 of interest charges were charged by the lender. Weekly payments of principal and interest totalling $31,250 were scheduled to be paid beginning March 7, 2023. At December 31, 2023 a total principal of $1,247,294, less unamortized discounts of $177,342 ($1,069,952 net for presentation) have been recognized as due to Fora. At December 31, 2024, the debt discount was fully amortized and the principal balance was $753,725. On March 31, 2025, the loan amount of $753,725 was extinguished due to the deconsolidation of ReachOut, IND and RedGear resulting in gain as described in note 8 - Assignment of assets and liabilities.

On January 30, 2024, the Company arranged another financing (Future Sale of Receivables) with Fox Funding Group LLC for which it received cash of $287,705 net of underwriting fees of $12,295 (treated as OID and amortized over the life of the loan). A total of $105,000 of interest charges were charged by the lender. Weekly payments of principal and interest totalling $12,625, beginning February 2, 2024. At December 10, 2024, the debt discount was fully amortized and the principal balance was $65,937. On March 31, 2025, the loan amount of $65,937 was extinguished due to the deconsolidation of ReachOut, IND and RedGear resulting in gain as described in note 8 - Assignment of assets and liabilities.

Choice Financial Group is owed $8,000 under a financial arrangement as of March 30, 2025. On March 31, 2025, the loan amount of $8,000 was extinguished due to the deconsolidation of ReachOut, IND and RedGear resulting in gain as described in note 8 - Assignment of assets and liabilities.

On June 20, 2025, The Company financed $32,097 of the total insurance premium of $41,722 through IPFS Finance at an interest rate of 15%. The financed amount is repayable in 10 equal monthly installments commencing on July 20, 2025. As of September 30, 2025, the outstanding balance amounted to $26,140.

Frequency Holdings, Inc 10-Q