RELATED PARTY TRANSACTIONS |
6 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2025 |
Dec. 31, 2024 |
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| Related Party Transactions [Abstract] | ||||||||||||||||||||||||||||||||||||||||||
| RELATED PARTY TRANSACTIONS | NOTE 8. RELATED PARTY TRANSACTIONS
All transactions described in Notes to the Financial Statements 6 and 7 were transacted with a now related party, Cole Johnson, President and Director, as of the April 24, 2024 acquisition of Emergen Energy, LLC. All negotiations related to these transactions were prior to Cole Johnson being a related party to Bimergen.
During the six months ended June 30, 2025 the Company issued seven unsecured promissory notes, aggregating $415,300, to EIP, an entity controlled by president and director Cole Johnson. The notes were executed per the schedule below:
Promissory Notes Executed:
The notes bear simple interest at 9.5 percent per annum, mature on December 31, 2025, are pre-payable without penalty, and were used to fund working-capital for operating expenses. Accrued interest at June 30, 2025 was approximately $4,600.
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NOTE 8. RELATED PARTY TRANSACTIONS
All transactions described in Notes to the Financial Statements 6 and 7 were transacted with a now related party, Cole Johnson, President and Director, as of the April 24, 2024 acquisition of Emergen Energy, LLC. All negotiations related to these transactions were prior to Cole Johnson being a related party to Bimergen.
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