NOTE 4. Prepaid Expenses

In August 2023, the Company signed an agreement with M2 Compliance LLC (“M2”) for M2 to provide EDGAR filing services for the Company. The term of the services was from August 19, 2023 to August 18, 2024 for an annual fee of $6,495, therefore during the three and six months ended June 30, 2024 the Company amortized $1,624 and $3,248, respectively, with the remaining balance of $812 being amortized during the year ended December 31, 2024. In August 2024, the Company paid $7,015 for the period from August 19, 2024 to August 18, 2025. The Company amortized $1,754 and $3,508 during the three and six months ended June 30, 2025, respectively, leaving a remaining prepaid balance of $875 as of June 30, 2025.

Also in August 2023, the Company paid the annual fees to OTC Markets for two categories of services. The fee was $9,780 and the Company amortized $2,445 and $4,890, respectively, of the fee during the three and six months ended June 30, 2024, with the remaining $815 being amortized during the year ended December 31, 2024. In October 2024, the Company paid the annual fee of $10,080 for the year from November 2024 to October 2025. The Company amortized $2,520 and $5,040, respectively, of the fee during the three and six months ended June 30, 2025, leaving a remaining prepaid balance of $3,360 as of June 30, 2025. 

In March 2025, the Company upgraded the OTC Markets services and paid the annual fee of $9,300 for the period from March 2025 to February 2026. The Company amortized $2,325 and $3,100 for the three and six months ended June 30, 2025 leaving a remaining prepaid balance of $6,200 as of June 30, 2025. 

As of June 30, 2025, the balance of prepaid expenses was $10,435.