RELATED PARTY TRANSACTIONS |
12 Months Ended |
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Dec. 31, 2025 | |
| Related Party Transactions [Abstract] | |
| RELATED PARTY TRANSACTIONS | NOTE 10 RELATED PARTY TRANSACTIONS
Convertible Notes Due to Related Parties
Convertible notes due to related parties represent amounts provided to the Company from a director and the Company’s Chief Executive Officer as well as the Company’s former Co-Chief Executive Officer. The outstanding principal on the convertible promissory notes, associated with related parties was $350,000 and $950,000 as of December 31, 2025, and December 31, 2024, respectively and accrued interest of $35,486 and $242,803, respectively. Also, the interest expense associated with these notes during 2025 and 2024 was $119,486 and $151,900, respectively.
Preferred dividends
The Company paid and declared dividends to related parties (a director and officer and two officers) amounting to $80,000 and $20,000 during 2025.
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