{"url_path":"/sec/bixt/10-q/2026/item-3","section_key":"item-3","section_title":"Item 3 Defaults Upon Senior Securities**","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/1445815/0001493152-26-023538-index.html","accession_number":"0001493152-26-023538","cik":"0001445815","ticker":"BIXT","issuer_name":"BIOXYTRAN, INC","edgar_url":"https://www.sec.gov/Archives/edgar/data/1445815/0001493152-26-023538-index.html","primary_entity_key":"0001445815","primary_entity_name":"BIOXYTRAN, INC"},"word_count":98,"has_tables":true,"body_markdown":"**Item\n3. Defaults Upon Senior Securities**\n\n \n\nThe\n2021 Note issued on May 3, 2021, with its maturity date extended through March 1, 2025, carries an interest rate of 10%, with a default\nrate of 18%, and is convertible at the lower of (i) a fixed price of $0.08, or (ii) if the market price at the date of conversion is\nbelow $0.08, the conversion price will be reduced by 120% of the difference between the conversion price and the market price.\n\n \n\nThe\n2021 Note has been in default since March 1, 2025, with a default interest of 18%."}