Related Party Transactions |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Related Party Transactions | |
| Related Party Transactions | Note 7 – Related Party Transactions
At June 30, 2025, and December 31, 2024, outstanding notes payable due to First American Management Group Corp, the Company’s largest shareholder, totaled $556,000, respectively.
At June 30, 2025, and December 31, 2024, outstanding notes payable due to FAMC, the Company’s second largest shareholder, totaled $657,000 and $157,000, respectively.
FAMC is Customer A and Vendor A (Note 6). At June 30, 2025, and December 31, 2024, accounts payable due to FAMC totaled $1,519,000 and $2,303,000, respectively, and accounts receivable due from FAMC totaled $350,000 and $466,000, respectively.
At June 30, 2025, and December 31, 2024, outstanding notes payable due to the former owner or METech, totaled $98,000 and $250,000, respectively. |