Related Party Transactions (Tables)
|
6 Months Ended |
12 Months Ended |
Jun. 30, 2025 |
Dec. 31, 2024 |
| Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] |
|
|
| Schedule of Revenue from Operations |
|
The revenue from the PCCU CAA recognized in the statements
of operations consists of the following for the years ended December 31, 2024, and December 31, 2023:
Schedule
of Revenue from Operations
| | |
Year ended December 31, 2024 | | |
Year ended December 31, 2023 | |
| Account servicing agreement | |
$ | - | | |
$ | 3,075,458 | |
| Commercial Alliance Agreement | |
| 12,601,271 | | |
| 10,761,245 | |
| Total | |
$ | 12,601,271 | | |
$ | 13,836,703 | |
| Revenue | |
$ | 12,601,271 | | |
$ | 13,836,703 | |
|
| Schedule of Operating Expense from Operations |
|
The operating expenses from the PCCU CAA recognized
in the statements of operations consists of the following for the years ended December 31, 2024, and December 31, 2023:
Schedule
of Operating Expense from Operations
| | |
Year ended December 31, 2024 | | |
Year ended December 31, 2023 | |
| Support services agreement | |
$ | - | | |
$ | 378,730 | |
| Loan servicing agreement | |
| - | | |
| 11,929 | |
| Commercial Alliance Agreement | |
| 1,052,693 | | |
| 1,665,644 | |
| Total | |
$ | 1,052,693 | | |
$ | 2,056,303 | |
| Operating
expense | |
$ | 1,052,693 | | |
$ | 2,056,303 | |
|
| Schedule of Outstanding Balances from Balance Sheet |
|
The outstanding balances associated with the PCCU
disclosed in the balance sheet are as follows:
Schedule
of Outstanding Balances from Balance Sheet
| | |
December 31, 2024 | | |
December 31, 2023 | |
| Accounts receivable | |
$ | 968,023 | | |
$ | 2,095,320 | |
| Accounts payable | |
| 75,608 | | |
| 577,315 | |
| Senior Secured Promissory Note (Refer to Note 9 to the financial statements below) | |
| 11,004,173 | | |
| 14,011,166 | |
|
| Schedule of Related Party Balances from Balance Sheet |
The
following represents related party balances due from and owed with PCCU as of June 30, 2025 and December 31, 2024 that are on the balance
sheet are as follows:
Schedule
of Related Party Balances from Balance Sheet
| | |
June 30, 2025 | | |
December 31, 2024 | |
| Accounts receivable | |
$ | 582,855 | | |
$ | 968,023 | |
| Accounts payable | |
| 164,917 | | |
| 75,608 | |
| Senior Secured | |
| | | |
| | |
| Promissory Note, see Note 9 | |
| 10,748,408 | | |
| 11,004,173 | |
|
|
| Loan Servicing Agreement [Member] |
|
|
| Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] |
|
|
| Schedule of Demonstrated Deposit Capacity |
|
The schedule below demonstrates the ratio of CRB related
loans funded by PCCU to the relative lending limits:
Schedule
of Demonstrated Deposit Capacity
| | |
December 31, 2024
(Unaudited) | | |
December 31, 2023
(Unaudited) | |
| CRB related deposits | |
$ | 116,064,487 | | |
$ | 129,350,998 | |
| Capacity at 60% | |
| 69,638,692 | | |
| 77,610,599 | |
| PCCU net worth | |
| 82,400,677 | | |
| 81,087,746 | |
| Capacity at 1.3125 | |
| 108,150,889 | | |
| 106,670,306 | |
| Limiting capacity | |
| 69,638,692 | | |
| 77,610,599 | |
| PCCU loans funded | |
| 56,794,446 | | |
| 55,660,039 | |
| Amounts available under lines of credit | |
| 1,131,708 | | |
| 525,000 | |
| Incremental capacity* | |
$ | 11,712,538 | | |
$ | 21,425,560 | |
| * | If the loans funded by PCCU exceed the limiting capacity, the PCCU CAA specifies that PCCU will be
unable to fund additional loans until the incremental capacity is positive. |
|