v3.26.1
RELATED PARTY TRANSACTIONS
12 Months Ended
Dec. 31, 2025
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

NOTE 2 - RELATED PARTY TRANSACTIONS

 

Notes and Advances Payable

 

During the year ended December 31, 2025, an officer and director of Fast Casual advanced the Company $2,481. During the year ended December 31, 2024, that same officer and director loaned the Company $17,000. The advances and loans are due on demand, unsecured and do not bare interest. The balance of the advances and loans were $19,481 and $17,000 at December 31, 2025 and 2024, respectively.

During the year ended December 31, 2025, George Athanasiadis, an officer and director of the Company, lent a total of $39,000 under unsecured, non-interest-bearing notes payable to the Company’s former subsidiary, CK Distribution, Inc. During 2025, as part of the disposal of CK Distribution, Inc., a total of $101,000 in notes payable to George Athanasiadis was disposed and recorded as part of the $94,854 gain on disposition of subsidiary. The balance of the notes was $0 and $62,000 at December 31, 2025 and 2024, respectively.

During the years ended December 31, 2025 and 2024, a former officer and director of Fast Casual loaned the Company $15,000 and $329, respectively. The loans were due on demand, unsecured and did not bare interest. During the year ended December 31, 2025, Fast Casual repaid $83 and assumed the remaining $15,246 in an acquisition recission agreement (see Note 7). The balance of the loan was $0 and $329 at December 31, 2025 and 2024, respectively.During the year ended December 31, 2025, a former officer of Fast Casual loaned the Company $15,000 as a short-term advance. Fast Casual repaid $83 and the remaining $15,246 of advances from the former officer were disposed as part of the disposal of CK Distribution, Inc upon his resignation in September 2025.

 

Notes Payable

 

During November 2024, as a result of the acquisition of CK, the Company entered into a note payable with an officer and director of Fast Casual in the amount of $62,000. The note is unsecured, does not bear interest and is due December 31, 2026. During the year ended December 31, 2025, the officer and director loaned another $39,000 under this note. The balance of the loan was $101,000 and $62,000 at December 31, 2025 and 2024, respectively.

 

Fast Casual’s notes payable to related parties consist of the following at:

 

          
   December 31, 
   2025   2024 
Notes payable, interest at 0%, unsecured, due December 31, 2026  $   $62,000 
Note payable, no interest, unsecured, due upon demand   17,000    17,000 
Note payable, no interest, unsecured, due upon demand       329 
Total:   17,000    79,329 
Less: current portion  $(17,000)  $(17,329)
Long-term notes payable  $   $62,000 
Long-term notes payable  $   $62,000