v3.25.2
RELATED PARTY TRANSACTIONS
6 Months Ended
Jun. 30, 2025
RELATED PARTY TRANSACTIONS  
RELATED PARTY TRANSACTIONS

NOTE 5 – RELATED PARTY TRANSACTIONS

 

Mr. Simpson lent funds to the Company for a revolving loan with a principal amount up to $300,000. The loan bears a 9.25% simple interest per year. The principal and any accrued interest are due and payable on demand, and the Company has the right to pay back the loan in full or make payments without penalty.

 

As of June 30, 2025, the loan payable to Mr. Simpson was $459,000.

 

As of December 31, 2024, the loan payable to Mr. Simpson was $115,000.