Related Party Transactions |
12 Months Ended |
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Dec. 31, 2025 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions | NOTE 5 – Related Party Transactions
During the year ended December 31, 2024, a director of the Company paid one invoice of the Company in the amount of $700. This amount will not be reimbursed to the director and is included in additional paid in capital at December 31, 2024.
The Company has a consulting agreement with a majority shareholder/board of director. The agreement is for $1,000 monthly. Consulting expense for each of the years ended December 31, 2025 and 2024 was $13,000 and $12,000, respectively.
The Company entered into a compensation agreement beginning January 1, 2023 and ending on December 30, 2028 in the amount of $95,000 annually, payable in common stock with its Board Chairman. This contract was terminated in October 2023 and a new contract has yet to be agreed upon. An additional contract was approved for the Company’s Chief Financial Officer and Secretary for a three (3) year term effective January 1, 2023, in the amount of $75,000 annually to be paid in cash, shares or combination of cash/shares. Loot8 has an agreement to pay their officer $12,500 a month which includes $2,500 of deferred compensation. $57,500 and $27,500 of deferred compensation is included in accrued board of director/officer compensation at December 31, 2025 and December 31, 2024, respectively. Board of directors’/officer compensation for the years ended December 31, 2025 and 2024, was $225,000 and $212,500, respectively.
The Company utilizes the services of Yes International Inc., which is controlled by Mr. Richard Kaiser who is a member of the Board of Directors. Yes International provides all services at no cost except for press release wire services and filing fees. For each of the years ended December 31, 2025 and 2024 the Company paid press release wire services and filing fees in the amount of $5,905 and $5,265 respectively. The Company also currently operates out of Yes International, LLC, offices at no cost.
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