FINANCING PAYABLE |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Financing Payable | |
| FINANCING PAYABLE | NOTE 5 – FINANCING PAYABLE
On December 16, 2024, the Company entered into a financing arrangement for an insurance policy. The Company financed $663,582 of the insurance premiums with an interest rate of 7.5%. The Company is required to make 10 payments of $68,642 with the first payment being due on January 16, 2025. During the year ended December 31, 2025, the company made all ten payments totaling $685,109, of which $663,582 was principal and $21,527 was interest. As of December 31, 2025 and 2024, the balance of this financing arrangement was $0 and $663,582, respectively.
On December 16, 2025, the Company entered into a financing arrangement for an insurance policy. The Company financed $464,000 of the insurance premiums with an interest rate of 7.5%. The Company is required to make 10 payments of $47,686 with the first payment being due on January 16, 2026. As of December 31, 2025 and 2024, the balance of this financing arrangement was $464,000 and $0 and accrued interest was $1,160 and $0, respectively.
|