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10-K true 2025-12-31 --12-31 false 000-24379 ATLANTICA, INC. UT 43-0976473 c/o Richland Gordon & Company 11450 SE Dixie Highway Hobe Sound FL 33455 (772) 545-9002 No No Yes Yes Non-accelerated Filer true true false false true 49.17 2458590 We are not currently engaged in any substantive business activity except the search for potential assets, property or businesses to acquire, and we have no current plans to engage in any other activity in the foreseeable future unless and until we complete any such acquisition. In our present form, we are deemed to be a “shell company” seeking to acquire or merge with a business or company. Therefore, we do not consider that we face significant cybersecurity risk and have not adopted any cybersecurity risk management program or formal processes for assessing cybersecurity risk. Our board of directors is generally responsible for the oversight of risks from cybersecurity threats, if any. We have not encountered any cybersecurity incidents. If and when we commence any operations, our board of directors will consider what they deem as a reasonable cybersecurity risk management program or formal processes for assessing cybersecurity risk. Haynie & Company Salt Lake City Utah 457

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NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES This summary of significant accounting policies of Atlantica, Inc. is presented to assist in understanding the Company’s financial statements. The financial statements and notes are representations of the Company’s management, which is responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the financial statements. <p id="xdx_84C_eus-gaap--OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock_zoG4H4ARQnV9" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">a. Organization and Business Activities The financial statements presented are those of Atlantica, Inc. (the Company). The Company was incorporated in the State of Utah on March 3, 1938. The Company name at that time was Red Hills Mining Company. On February 5, 1953, the Company changed its name to Allied Oil and Minerals Company. On January 8, 1971, the Company changed its name to Community Equities Corporation. On March 26, 1996, the Company changed its name to Atlantica, Inc. The Company had two subsidiaries; Keys Equities, Inc. (Keys), a Florida corporation incorporated on July 31, 1996, and Allied Equities, Inc. (Allied), a Florida corporation incorporated on July 15, 1996. On March 1, 1998, the Company transferred its right, title and interest in a mining claim in Utah to Allied. The mining claim had a book value of $0. On March 1, 1998, the Company distributed the shares of the two subsidiaries to its shareholders in a liquidating dividend. The Company has not engaged in any business operations since 1990. The Company’s only activity since that time has consisted of taking actions necessary to restore and preserve its good standing in the State of Utah. The Company presently has no assets. The Company intends to continue to seek out the acquisition of assets, property or a business that may be beneficial to the Company and its stockholders. In considering whether to complete any such acquisition, the Board of Directors will make the final determination and the approval of stockholders will not be sought unless required by applicable law, the articles of incorporation or bylaws of the Company or contract. b. Accounting Method The Company’s financial statements are prepared using the accrual method of accounting. The Company has elected a December 31 year-end. c. Estimates The preparations of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. d. Cash and Cash Equivalents The Company considers all highly liquid investments with original maturities at the date of purchase of three months or less to be cash equivalents. e. Income Taxes The Company utilizes an asset and liability approach for financial accounting and reporting for income taxes. Deferred income taxes are provided for temporary differences in the bases of assets and liabilities as reported for financial statement and income tax purposes. Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry-forwards for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur, net operating loss carry-forwards may be limited as to use in the future. Deferred income taxes are provided using the liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of the changes in tax laws and rates of the date of enactment. When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying balance sheet along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Interest and penalties associated with unrecognized tax benefits are classified as operating expenses in the statement of income. f. Basic Loss Per Share The computation of basic (loss) per share of common stock is based on the weighted average number of shares outstanding during the period. <table cellpadding="0" cellspacing="0" id="xdx_885_eus-gaap--ScheduleOfEarningsPerShareBasicByCommonClassTextBlock_zqEzc53x9ALc" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Earnings Per Share (Details)"> <tr style="vertical-align: top"> <td style="width: 48%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt"> </td> <td style="width: 3%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt"> </td> <td id="xdx_494_20250101__20251231_zQrfyeESblFa" style="border-bottom: Black 1pt solid; width: 23%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt; text-align: center">December 31, 2025</td> <td style="width: 3%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt"> </td> <td id="xdx_494_20240101__20241231_zprFIrCzqhH7" style="border-bottom: Black 1pt solid; width: 23%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt; text-align: center">December 31, 2024</td></tr> <tr id="xdx_409_eus-gaap--NetIncomeLoss_zasV4k6kJvZk" style="vertical-align: top"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt">Income (Numerator)</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt"> </td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt; text-align: right">$(424,290)</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt"> </td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt; text-align: right">$(394,670)</td></tr> <tr id="xdx_401_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_zGruQMtbZzQ9" style="vertical-align: top"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt">Shares (Denominator)</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt"> </td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt; text-align: right">2,458,590</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt"> </td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt; text-align: right">2,458,590</td></tr> <tr id="xdx_400_eus-gaap--IncomeLossFromContinuingOperationsPerBasicShare_z16Cn46OONme" style="vertical-align: top"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt">Per Share Amount</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt"> </td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt; text-align: right">$(0.17)</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt"> </td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt; text-align: right">$(0.16)</td></tr> </table> g. Revenue Recognition Policy The Company currently has no source of revenues. Revenue recognition policies will be determined when principal operations begin. h. Recent Accounting Pronouncements In November 2023, the FASB issued Accounting Standards Update No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, ("ASU 2023-07"). The Company adopted this standard for the year ended December 31, 2024. ASU 2023-07 establishes standards for companies to report in their financial statements information about operating segments, products, services, geographic areas, and major customers. Operating segments are defined as components of an enterprise for which separate financial information is available that is regularly evaluated by the Company’s chief operating decision maker (“CODM”) in deciding how to allocate resources and assess performance. We manage our Company as one reportable segment at the entity level which aligns with how the CODM reviews and manages the business. The Company has no assets or current operations and is listed as a Shell Company. The Company’s CODM has been identified as the Chief Executive Officer, who reviews the expenses to assess financial performance. For single reportable segment-level financial information, see attached financial statements. The Company has reviewed all other recently issued, but not yet adopted, accounting standards in order to determine their effects, if any, on its results of operation, financial position or cash flows. Based on that review, the Company believes that none of these pronouncements will have a significant effect on its financial statements.

<p id="xdx_84C_eus-gaap--OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock_zoG4H4ARQnV9" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">a. Organization and Business Activities The financial statements presented are those of Atlantica, Inc. (the Company). The Company was incorporated in the State of Utah on March 3, 1938. The Company name at that time was Red Hills Mining Company. On February 5, 1953, the Company changed its name to Allied Oil and Minerals Company. On January 8, 1971, the Company changed its name to Community Equities Corporation. On March 26, 1996, the Company changed its name to Atlantica, Inc. The Company had two subsidiaries; Keys Equities, Inc. (Keys), a Florida corporation incorporated on July 31, 1996, and Allied Equities, Inc. (Allied), a Florida corporation incorporated on July 15, 1996. On March 1, 1998, the Company transferred its right, title and interest in a mining claim in Utah to Allied. The mining claim had a book value of $0. On March 1, 1998, the Company distributed the shares of the two subsidiaries to its shareholders in a liquidating dividend. The Company has not engaged in any business operations since 1990. The Company’s only activity since that time has consisted of taking actions necessary to restore and preserve its good standing in the State of Utah. The Company presently has no assets. The Company intends to continue to seek out the acquisition of assets, property or a business that may be beneficial to the Company and its stockholders. In considering whether to complete any such acquisition, the Board of Directors will make the final determination and the approval of stockholders will not be sought unless required by applicable law, the articles of incorporation or bylaws of the Company or contract.

b. Accounting Method The Company’s financial statements are prepared using the accrual method of accounting. The Company has elected a December 31 year-end.

c. Estimates The preparations of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

d. Cash and Cash Equivalents The Company considers all highly liquid investments with original maturities at the date of purchase of three months or less to be cash equivalents.

e. Income Taxes The Company utilizes an asset and liability approach for financial accounting and reporting for income taxes. Deferred income taxes are provided for temporary differences in the bases of assets and liabilities as reported for financial statement and income tax purposes. Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry-forwards for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur, net operating loss carry-forwards may be limited as to use in the future. Deferred income taxes are provided using the liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of the changes in tax laws and rates of the date of enactment. When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying balance sheet along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Interest and penalties associated with unrecognized tax benefits are classified as operating expenses in the statement of income.

f. Basic Loss Per Share The computation of basic (loss) per share of common stock is based on the weighted average number of shares outstanding during the period. <table cellpadding="0" cellspacing="0" id="xdx_885_eus-gaap--ScheduleOfEarningsPerShareBasicByCommonClassTextBlock_zqEzc53x9ALc" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Earnings Per Share (Details)"> <tr style="vertical-align: top"> <td style="width: 48%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt"> </td> <td style="width: 3%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt"> </td> <td id="xdx_494_20250101__20251231_zQrfyeESblFa" style="border-bottom: Black 1pt solid; width: 23%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt; text-align: center">December 31, 2025</td> <td style="width: 3%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt"> </td> <td id="xdx_494_20240101__20241231_zprFIrCzqhH7" style="border-bottom: Black 1pt solid; width: 23%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt; text-align: center">December 31, 2024</td></tr> <tr id="xdx_409_eus-gaap--NetIncomeLoss_zasV4k6kJvZk" style="vertical-align: top"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt">Income (Numerator)</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt"> </td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt; text-align: right">$(424,290)</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt"> </td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt; text-align: right">$(394,670)</td></tr> <tr id="xdx_401_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_zGruQMtbZzQ9" style="vertical-align: top"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt">Shares (Denominator)</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt"> </td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt; text-align: right">2,458,590</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt"> </td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt; text-align: right">2,458,590</td></tr> <tr id="xdx_400_eus-gaap--IncomeLossFromContinuingOperationsPerBasicShare_z16Cn46OONme" style="vertical-align: top"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt">Per Share Amount</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt"> </td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt; text-align: right">$(0.17)</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt"> </td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt; text-align: right">$(0.16)</td></tr> </table>

<table cellpadding="0" cellspacing="0" id="xdx_885_eus-gaap--ScheduleOfEarningsPerShareBasicByCommonClassTextBlock_zqEzc53x9ALc" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Earnings Per Share (Details)"> <tr style="vertical-align: top"> <td style="width: 48%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt"> </td> <td style="width: 3%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt"> </td> <td id="xdx_494_20250101__20251231_zQrfyeESblFa" style="border-bottom: Black 1pt solid; width: 23%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt; text-align: center">December 31, 2025</td> <td style="width: 3%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt"> </td> <td id="xdx_494_20240101__20241231_zprFIrCzqhH7" style="border-bottom: Black 1pt solid; width: 23%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt; text-align: center">December 31, 2024</td></tr> <tr id="xdx_409_eus-gaap--NetIncomeLoss_zasV4k6kJvZk" style="vertical-align: top"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt">Income (Numerator)</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt"> </td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt; text-align: right">$(424,290)</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt"> </td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt; text-align: right">$(394,670)</td></tr> <tr id="xdx_401_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_zGruQMtbZzQ9" style="vertical-align: top"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt">Shares (Denominator)</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt"> </td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt; text-align: right">2,458,590</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt"> </td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt; text-align: right">2,458,590</td></tr> <tr id="xdx_400_eus-gaap--IncomeLossFromContinuingOperationsPerBasicShare_z16Cn46OONme" style="vertical-align: top"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt">Per Share Amount</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt"> </td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt; text-align: right">$(0.17)</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt"> </td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt; text-align: right">$(0.16)</td></tr> </table>

-424290

-394670

2458590

-0.17

-0.16

g. Revenue Recognition Policy The Company currently has no source of revenues. Revenue recognition policies will be determined when principal operations begin.

h. Recent Accounting Pronouncements In November 2023, the FASB issued Accounting Standards Update No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, ("ASU 2023-07"). The Company adopted this standard for the year ended December 31, 2024. ASU 2023-07 establishes standards for companies to report in their financial statements information about operating segments, products, services, geographic areas, and major customers. Operating segments are defined as components of an enterprise for which separate financial information is available that is regularly evaluated by the Company’s chief operating decision maker (“CODM”) in deciding how to allocate resources and assess performance. We manage our Company as one reportable segment at the entity level which aligns with how the CODM reviews and manages the business. The Company has no assets or current operations and is listed as a Shell Company. The Company’s CODM has been identified as the Chief Executive Officer, who reviews the expenses to assess financial performance. For single reportable segment-level financial information, see attached financial statements. The Company has reviewed all other recently issued, but not yet adopted, accounting standards in order to determine their effects, if any, on its results of operation, financial position or cash flows. Based on that review, the Company believes that none of these pronouncements will have a significant effect on its financial statements.

NOTE 2 - GOING CONCERN The Company’s financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not established revenues sufficient to cover its operation costs. In addition, the Company has no assets, a working capital deficit and accumulated losses. This raises substantial doubt about its ability to continue as a going concern. The Company is seeking the acquisition of, or merger with, an existing operating company. The financial statements do not include any adjustments relating to the recoverability and classification of assets or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The Company is relying on its principal shareholder to pay all of its operating and other expenses until it can complete a reorganization or merger. While the Company's principal stockholder currently pays the Company's limited operating and other expenses, on the Company's behalf, that principal stockholder is not obligated to pay any of those expenses and the Company can provide no assurance that such stockholder will continue to pay any of those expenses in the future. This stockholder paid a total of $49,790 in expenses for the Company in the year ended December 31, 2025, increasing the aggregate principal amount of a demand note held by this stockholder to $812,197, plus accrued interest of $1,324,604, as of December 31, 2025.

49790

812197

1324604

NOTE 3 - INCOME TAXES Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. The Tax Cuts and Jobs Act was enacted on December 22, 2017, which reduced the U.S. corporate statutory tax rate from 35% to 21% beginning on January 1, 2018. We used 21% as an effective tax rate. Net deferred tax liabilities consist of the following components as of December 31, 2025 and 2024: <table cellpadding="0" cellspacing="0" id="xdx_88D_eus-gaap--ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock_zmPU7dgUaNw7" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Net Deferred Tax Liabilities (Details)"> <tr style="vertical-align: bottom"> <td style="padding-top: 2pt; font-size: 12pt; text-align: center"> </td> <td style="border-bottom: Black 1pt solid; padding-top: 2pt; font-size: 12pt"> </td> <td colspan="2" id="xdx_49E_20251231_zQ4G7kIAsOM2" style="border-bottom: Black 1pt solid; padding-top: 2pt; font-size: 12pt; text-align: center">2025</td> <td style="padding-top: 2pt; font-size: 12pt"> </td> <td colspan="2" id="xdx_498_20241231_ziGvDDyu3Lk8" style="border-bottom: Black 1pt solid; padding-top: 2pt; font-size: 12pt; text-align: center">2024</td> <td style="padding-top: 2pt; font-size: 12pt"> </td></tr> <tr> <td style="white-space: nowrap; vertical-align: top; width: 54%; padding-top: 2pt; padding-left: 0.25in; font-size: 12pt; text-indent: -0.25in">Deferred tax assets</td> <td style="vertical-align: bottom; width: 2%; padding-top: 2pt; font-size: 12pt"> </td> <td style="vertical-align: bottom; width: 2%; padding-top: 2pt; font-size: 12pt; text-align: right"> </td> <td style="white-space: nowrap; vertical-align: bottom; width: 20%; padding-top: 2pt; font-size: 12pt; text-align: right"> </td> <td style="vertical-align: bottom; width: 2%; padding-top: 2pt; font-size: 12pt"> </td> <td style="vertical-align: bottom; width: 2%; padding-top: 2pt; font-size: 12pt; text-align: right"> </td> <td style="border-top: Black 1pt solid; white-space: nowrap; vertical-align: bottom; width: 17%; padding-top: 2pt; font-size: 12pt; text-align: right"> </td> <td style="vertical-align: bottom; width: 1%; padding-top: 2pt; font-size: 12pt"> </td></tr> <tr id="xdx_40B_eus-gaap--DeferredTaxAssetsOperatingLossCarryforwards_iI_zWFmnVZB4nne"> <td style="white-space: nowrap; vertical-align: top; padding-top: 2pt; padding-left: 23pt; font-size: 12pt; text-indent: -5pt">NOL Carryforward</td> <td style="vertical-align: bottom; padding-top: 2pt; font-size: 12pt"> </td> <td style="vertical-align: bottom; padding-top: 2pt; font-size: 12pt">$</td> <td style="white-space: nowrap; vertical-align: bottom; padding-top: 2pt; font-size: 12pt; text-align: right">669,800</td> <td style="vertical-align: bottom; padding-top: 2pt; font-size: 12pt"> </td> <td style="vertical-align: bottom; padding-top: 2pt; font-size: 12pt">$</td> <td style="white-space: nowrap; vertical-align: bottom; padding-top: 2pt; font-size: 12pt; text-align: right">642,300</td> <td style="vertical-align: bottom; padding-top: 2pt; font-size: 12pt"> </td></tr> <tr id="xdx_406_eus-gaap--DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities_iI_zjbuSWWxHamh"> <td style="white-space: nowrap; vertical-align: top; padding-top: 2pt; padding-left: 23pt; font-size: 12pt; text-indent: -5pt">Related Party Accruals</td> <td style="vertical-align: bottom; padding-top: 2pt; font-size: 12pt"> </td> <td style="vertical-align: bottom; padding-top: 2pt; font-size: 12pt; text-align: right"> </td> <td style="white-space: nowrap; vertical-align: bottom; padding-top: 2pt; font-size: 12pt; text-align: right; text-indent: 2.25pt">909,436</td> <td style="vertical-align: bottom; padding-top: 2pt; font-size: 12pt"> </td> <td style="vertical-align: bottom; padding-top: 2pt; font-size: 12pt; text-align: right"> </td> <td style="white-space: nowrap; vertical-align: bottom; padding-top: 2pt; font-size: 12pt; text-align: right; text-indent: 2.25pt">826,733</td> <td style="vertical-align: bottom; padding-top: 2pt; font-size: 12pt"> </td></tr> <tr> <td style="white-space: nowrap; vertical-align: top; padding-top: 2pt; padding-left: 0.25in; font-size: 12pt; text-indent: -0.25in">Deferred tax liabilities</td> <td style="vertical-align: bottom; padding-top: 2pt; font-size: 12pt"> </td> <td style="vertical-align: bottom; padding-top: 2pt; font-size: 12pt; text-align: right"> </td> <td style="white-space: nowrap; vertical-align: bottom; padding-top: 2pt; font-size: 12pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-top: 2pt; font-size: 12pt"> </td> <td style="vertical-align: bottom; padding-top: 2pt; font-size: 12pt; text-align: right"> </td> <td style="white-space: nowrap; vertical-align: bottom; padding-top: 2pt; font-size: 12pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-top: 2pt; font-size: 12pt"> </td></tr> <tr id="xdx_40C_eus-gaap--DeferredTaxAssetsValuationAllowance_iNI_di_zEqxMB39tDYh"> <td style="white-space: nowrap; vertical-align: top; padding-top: 1pt; padding-left: 23pt; font-size: 12pt; text-indent: -5pt">Valuation allowance</td> <td style="vertical-align: bottom; padding-top: 1pt; padding-bottom: 0.5pt; font-size: 12pt"> </td> <td style="border-bottom: black 1pt solid; vertical-align: bottom; padding-top: 2pt; font-size: 12pt; text-align: right"> </td> <td style="border-bottom: black 1pt solid; white-space: nowrap; vertical-align: bottom; padding-top: 2pt; font-size: 12pt; text-align: right">(1,579,236)</td> <td style="vertical-align: bottom; padding-top: 1pt; padding-bottom: 0.5pt; font-size: 12pt"> </td> <td style="border-bottom: black 1pt solid; vertical-align: bottom; padding-top: 2pt; font-size: 12pt; text-align: right"> </td> <td style="border-bottom: black 1pt solid; white-space: nowrap; vertical-align: bottom; padding-top: 2pt; font-size: 12pt; text-align: right">(1,469,033)</td> <td style="vertical-align: bottom; padding-top: 1pt; padding-bottom: 0.5pt; font-size: 12pt"> </td></tr> <tr> <td style="white-space: nowrap; vertical-align: top; padding-top: 1.5pt; padding-left: 23pt; font-size: 12pt; text-indent: -5pt">Net deferred tax asset</td> <td style="vertical-align: bottom; padding-top: 1.5pt; padding-bottom: 0.5pt; font-size: 12pt"> </td> <td style="border-bottom: black 2.25pt double; vertical-align: bottom; padding-top: 2pt; font-size: 12pt">$</td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; vertical-align: bottom; padding-top: 2pt; font-size: 12pt; text-align: right">-</td> <td style="vertical-align: bottom; padding-top: 1.5pt; padding-bottom: 0.5pt; font-size: 12pt"> </td> <td style="border-bottom: black 2.25pt double; vertical-align: bottom; padding-top: 2pt; font-size: 12pt">$</td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; vertical-align: bottom; padding-top: 2pt; font-size: 12pt; text-align: right">-</td> <td style="vertical-align: bottom; padding-top: 1.5pt; padding-bottom: 0.5pt; font-size: 12pt"> </td></tr> </table> The income tax provision differs from the amount of income tax determined by applying the U.S. federal income tax rate to pretax income from continuing operations for the years ended December 31, 2025 and 2024 due to the following: <table cellpadding="0" cellspacing="0" id="xdx_882_eus-gaap--ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock_zNF9rrMUI3h5" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Effective Tax Rate Reconciliation (Details)"> <tr> <td style="vertical-align: bottom; font-size: 12pt; text-align: center"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; font-size: 12pt"> </td> <td colspan="2" id="xdx_49F_20250101__20251231_zNUqNTE8KHLe" style="border-bottom: Black 1pt solid; vertical-align: bottom; font-size: 12pt; text-align: center">2025</td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; font-size: 12pt"> </td> <td colspan="2" id="xdx_49F_20240101__20241231_zTA6x6u9WoJ1" style="border-bottom: Black 1pt solid; vertical-align: bottom; font-size: 12pt; text-align: center">2024</td> <td colspan="2" style="vertical-align: bottom; padding-right: -0.05in; font-size: 12pt"> </td> <td style="font-size: 12pt"> </td></tr> <tr id="xdx_407_eus-gaap--CurrentFederalTaxExpenseBenefit_zlkX6JVqCS0d"> <td style="white-space: nowrap; vertical-align: top; padding-left: 23pt; font-size: 12pt; text-indent: -0.25in">Book Income (Loss)</td> <td style="vertical-align: bottom; font-size: 12pt"> </td> <td style="vertical-align: bottom; font-size: 12pt">$</td> <td style="white-space: nowrap; vertical-align: bottom; font-size: 12pt; text-align: right; text-indent: 2.25pt">(89,100)</td> <td style="vertical-align: bottom; font-size: 12pt"> </td> <td style="vertical-align: bottom; font-size: 12pt">$</td> <td colspan="2" style="white-space: nowrap; vertical-align: bottom; font-size: 12pt; text-align: right; text-indent: 2.25pt">(82,900)</td> <td colspan="2" style="vertical-align: bottom; font-size: 12pt"> </td></tr> <tr id="xdx_402_eus-gaap--OtherTaxExpenseBenefit_z1n9Dmamhsi"> <td style="white-space: nowrap; vertical-align: top; padding-left: 23pt; font-size: 12pt; text-indent: -0.25in">Related Party Payable</td> <td style="vertical-align: bottom; font-size: 12pt"> </td> <td style="vertical-align: bottom; font-size: 12pt">$</td> <td style="white-space: nowrap; vertical-align: bottom; font-size: 12pt; text-align: right; text-indent: 2.25pt">66,800</td> <td style="vertical-align: bottom; font-size: 12pt"> </td> <td style="vertical-align: bottom; font-size: 12pt">$</td> <td colspan="2" style="white-space: nowrap; vertical-align: bottom; font-size: 12pt; text-align: right; text-indent: 2.25pt">61,800</td> <td colspan="2" style="vertical-align: bottom; font-size: 12pt"> </td></tr> <tr id="xdx_40D_eus-gaap--IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance_zwU57CWr7xTe"> <td style="white-space: nowrap; vertical-align: top; padding-left: 23pt; font-size: 12pt; text-indent: -0.25in">Change in Valuation allowance</td> <td style="vertical-align: bottom; font-size: 12pt"> </td> <td style="border-bottom: black 1pt solid; vertical-align: bottom; font-size: 12pt; text-align: right"> </td> <td style="border-bottom: black 1pt solid; white-space: nowrap; vertical-align: bottom; font-size: 12pt; text-align: right">22,300</td> <td style="vertical-align: bottom; font-size: 12pt"> </td> <td style="border-bottom: black 1pt solid; vertical-align: bottom; font-size: 12pt; text-align: right"> </td> <td colspan="2" style="border-bottom: black 1pt solid; white-space: nowrap; vertical-align: bottom; font-size: 12pt; text-align: right">21,100</td> <td colspan="2" style="vertical-align: bottom; font-size: 12pt"> </td></tr> <tr> <td style="white-space: nowrap; vertical-align: top; padding-left: 23pt; font-size: 12pt; text-indent: -0.25in"> </td> <td style="vertical-align: bottom; font-size: 12pt"> </td> <td style="border-bottom: black 2.25pt double; vertical-align: bottom; font-size: 12pt">$</td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; vertical-align: bottom; font-size: 12pt; text-align: right">-</td> <td style="vertical-align: bottom; font-size: 12pt"> </td> <td style="border-bottom: black 2.25pt double; vertical-align: bottom; font-size: 12pt">$</td> <td colspan="2" style="border-bottom: black 2.25pt double; white-space: nowrap; vertical-align: bottom; font-size: 12pt; text-align: right">-</td> <td colspan="2" style="vertical-align: bottom; font-size: 12pt"> </td></tr> <tr> <td style="width: 50%"> </td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 22%"> </td> <td style="width: 3%"> </td> <td style="width: 1%"> </td> <td style="width: 15%"> </td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 5%"> </td></tr> </table> At December 31, 2025, the Company had net operating loss carryforwards of $2,576,000 that may be offset against future taxable income from the year 2025 and forward. No tax benefit has been reported in the December 31, 2025 financial statements since the potential tax benefit is offset by a valuation allowance of the same amount. Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carryforwards for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur, net operating loss carryforwards may be limited as to use in future years. The Company files income tax returns in the U.S. federal jurisdiction, and the state of Utah jurisdiction. The Company is subject to U.S. federal, state and local income tax examinations by tax authorities for years 2021 through 2025.

0.21

<table cellpadding="0" cellspacing="0" id="xdx_88D_eus-gaap--ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock_zmPU7dgUaNw7" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Net Deferred Tax Liabilities (Details)"> <tr style="vertical-align: bottom"> <td style="padding-top: 2pt; font-size: 12pt; text-align: center"> </td> <td style="border-bottom: Black 1pt solid; padding-top: 2pt; font-size: 12pt"> </td> <td colspan="2" id="xdx_49E_20251231_zQ4G7kIAsOM2" style="border-bottom: Black 1pt solid; padding-top: 2pt; font-size: 12pt; text-align: center">2025</td> <td style="padding-top: 2pt; font-size: 12pt"> </td> <td colspan="2" id="xdx_498_20241231_ziGvDDyu3Lk8" style="border-bottom: Black 1pt solid; padding-top: 2pt; font-size: 12pt; text-align: center">2024</td> <td style="padding-top: 2pt; font-size: 12pt"> </td></tr> <tr> <td style="white-space: nowrap; vertical-align: top; width: 54%; padding-top: 2pt; padding-left: 0.25in; font-size: 12pt; text-indent: -0.25in">Deferred tax assets</td> <td style="vertical-align: bottom; width: 2%; padding-top: 2pt; font-size: 12pt"> </td> <td style="vertical-align: bottom; width: 2%; padding-top: 2pt; font-size: 12pt; text-align: right"> </td> <td style="white-space: nowrap; vertical-align: bottom; width: 20%; padding-top: 2pt; font-size: 12pt; text-align: right"> </td> <td style="vertical-align: bottom; width: 2%; padding-top: 2pt; font-size: 12pt"> </td> <td style="vertical-align: bottom; width: 2%; padding-top: 2pt; font-size: 12pt; text-align: right"> </td> <td style="border-top: Black 1pt solid; white-space: nowrap; vertical-align: bottom; width: 17%; padding-top: 2pt; font-size: 12pt; text-align: right"> </td> <td style="vertical-align: bottom; width: 1%; padding-top: 2pt; font-size: 12pt"> </td></tr> <tr id="xdx_40B_eus-gaap--DeferredTaxAssetsOperatingLossCarryforwards_iI_zWFmnVZB4nne"> <td style="white-space: nowrap; vertical-align: top; padding-top: 2pt; padding-left: 23pt; font-size: 12pt; text-indent: -5pt">NOL Carryforward</td> <td style="vertical-align: bottom; padding-top: 2pt; font-size: 12pt"> </td> <td style="vertical-align: bottom; padding-top: 2pt; font-size: 12pt">$</td> <td style="white-space: nowrap; vertical-align: bottom; padding-top: 2pt; font-size: 12pt; text-align: right">669,800</td> <td style="vertical-align: bottom; padding-top: 2pt; font-size: 12pt"> </td> <td style="vertical-align: bottom; padding-top: 2pt; font-size: 12pt">$</td> <td style="white-space: nowrap; vertical-align: bottom; padding-top: 2pt; font-size: 12pt; text-align: right">642,300</td> <td style="vertical-align: bottom; padding-top: 2pt; font-size: 12pt"> </td></tr> <tr id="xdx_406_eus-gaap--DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities_iI_zjbuSWWxHamh"> <td style="white-space: nowrap; vertical-align: top; padding-top: 2pt; padding-left: 23pt; font-size: 12pt; text-indent: -5pt">Related Party Accruals</td> <td style="vertical-align: bottom; padding-top: 2pt; font-size: 12pt"> </td> <td style="vertical-align: bottom; padding-top: 2pt; font-size: 12pt; text-align: right"> </td> <td style="white-space: nowrap; vertical-align: bottom; padding-top: 2pt; font-size: 12pt; text-align: right; text-indent: 2.25pt">909,436</td> <td style="vertical-align: bottom; padding-top: 2pt; font-size: 12pt"> </td> <td style="vertical-align: bottom; padding-top: 2pt; font-size: 12pt; text-align: right"> </td> <td style="white-space: nowrap; vertical-align: bottom; padding-top: 2pt; font-size: 12pt; text-align: right; text-indent: 2.25pt">826,733</td> <td style="vertical-align: bottom; padding-top: 2pt; font-size: 12pt"> </td></tr> <tr> <td style="white-space: nowrap; vertical-align: top; padding-top: 2pt; padding-left: 0.25in; font-size: 12pt; text-indent: -0.25in">Deferred tax liabilities</td> <td style="vertical-align: bottom; padding-top: 2pt; font-size: 12pt"> </td> <td style="vertical-align: bottom; padding-top: 2pt; font-size: 12pt; text-align: right"> </td> <td style="white-space: nowrap; vertical-align: bottom; padding-top: 2pt; font-size: 12pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-top: 2pt; font-size: 12pt"> </td> <td style="vertical-align: bottom; padding-top: 2pt; font-size: 12pt; text-align: right"> </td> <td style="white-space: nowrap; vertical-align: bottom; padding-top: 2pt; font-size: 12pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-top: 2pt; font-size: 12pt"> </td></tr> <tr id="xdx_40C_eus-gaap--DeferredTaxAssetsValuationAllowance_iNI_di_zEqxMB39tDYh"> <td style="white-space: nowrap; vertical-align: top; padding-top: 1pt; padding-left: 23pt; font-size: 12pt; text-indent: -5pt">Valuation allowance</td> <td style="vertical-align: bottom; padding-top: 1pt; padding-bottom: 0.5pt; font-size: 12pt"> </td> <td style="border-bottom: black 1pt solid; vertical-align: bottom; padding-top: 2pt; font-size: 12pt; text-align: right"> </td> <td style="border-bottom: black 1pt solid; white-space: nowrap; vertical-align: bottom; padding-top: 2pt; font-size: 12pt; text-align: right">(1,579,236)</td> <td style="vertical-align: bottom; padding-top: 1pt; padding-bottom: 0.5pt; font-size: 12pt"> </td> <td style="border-bottom: black 1pt solid; vertical-align: bottom; padding-top: 2pt; font-size: 12pt; text-align: right"> </td> <td style="border-bottom: black 1pt solid; white-space: nowrap; vertical-align: bottom; padding-top: 2pt; font-size: 12pt; text-align: right">(1,469,033)</td> <td style="vertical-align: bottom; padding-top: 1pt; padding-bottom: 0.5pt; font-size: 12pt"> </td></tr> <tr> <td style="white-space: nowrap; vertical-align: top; padding-top: 1.5pt; padding-left: 23pt; font-size: 12pt; text-indent: -5pt">Net deferred tax asset</td> <td style="vertical-align: bottom; padding-top: 1.5pt; padding-bottom: 0.5pt; font-size: 12pt"> </td> <td style="border-bottom: black 2.25pt double; vertical-align: bottom; padding-top: 2pt; font-size: 12pt">$</td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; vertical-align: bottom; padding-top: 2pt; font-size: 12pt; text-align: right">-</td> <td style="vertical-align: bottom; padding-top: 1.5pt; padding-bottom: 0.5pt; font-size: 12pt"> </td> <td style="border-bottom: black 2.25pt double; vertical-align: bottom; padding-top: 2pt; font-size: 12pt">$</td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; vertical-align: bottom; padding-top: 2pt; font-size: 12pt; text-align: right">-</td> <td style="vertical-align: bottom; padding-top: 1.5pt; padding-bottom: 0.5pt; font-size: 12pt"> </td></tr> </table>

669800

642300

909436

826733

1579236

1469033

<table cellpadding="0" cellspacing="0" id="xdx_882_eus-gaap--ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock_zNF9rrMUI3h5" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Effective Tax Rate Reconciliation (Details)"> <tr> <td style="vertical-align: bottom; font-size: 12pt; text-align: center"> </td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; font-size: 12pt"> </td> <td colspan="2" id="xdx_49F_20250101__20251231_zNUqNTE8KHLe" style="border-bottom: Black 1pt solid; vertical-align: bottom; font-size: 12pt; text-align: center">2025</td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom; font-size: 12pt"> </td> <td colspan="2" id="xdx_49F_20240101__20241231_zTA6x6u9WoJ1" style="border-bottom: Black 1pt solid; vertical-align: bottom; font-size: 12pt; text-align: center">2024</td> <td colspan="2" style="vertical-align: bottom; padding-right: -0.05in; font-size: 12pt"> </td> <td style="font-size: 12pt"> </td></tr> <tr id="xdx_407_eus-gaap--CurrentFederalTaxExpenseBenefit_zlkX6JVqCS0d"> <td style="white-space: nowrap; vertical-align: top; padding-left: 23pt; font-size: 12pt; text-indent: -0.25in">Book Income (Loss)</td> <td style="vertical-align: bottom; font-size: 12pt"> </td> <td style="vertical-align: bottom; font-size: 12pt">$</td> <td style="white-space: nowrap; vertical-align: bottom; font-size: 12pt; text-align: right; text-indent: 2.25pt">(89,100)</td> <td style="vertical-align: bottom; font-size: 12pt"> </td> <td style="vertical-align: bottom; font-size: 12pt">$</td> <td colspan="2" style="white-space: nowrap; vertical-align: bottom; font-size: 12pt; text-align: right; text-indent: 2.25pt">(82,900)</td> <td colspan="2" style="vertical-align: bottom; font-size: 12pt"> </td></tr> <tr id="xdx_402_eus-gaap--OtherTaxExpenseBenefit_z1n9Dmamhsi"> <td style="white-space: nowrap; vertical-align: top; padding-left: 23pt; font-size: 12pt; text-indent: -0.25in">Related Party Payable</td> <td style="vertical-align: bottom; font-size: 12pt"> </td> <td style="vertical-align: bottom; font-size: 12pt">$</td> <td style="white-space: nowrap; vertical-align: bottom; font-size: 12pt; text-align: right; text-indent: 2.25pt">66,800</td> <td style="vertical-align: bottom; font-size: 12pt"> </td> <td style="vertical-align: bottom; font-size: 12pt">$</td> <td colspan="2" style="white-space: nowrap; vertical-align: bottom; font-size: 12pt; text-align: right; text-indent: 2.25pt">61,800</td> <td colspan="2" style="vertical-align: bottom; font-size: 12pt"> </td></tr> <tr id="xdx_40D_eus-gaap--IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance_zwU57CWr7xTe"> <td style="white-space: nowrap; vertical-align: top; padding-left: 23pt; font-size: 12pt; text-indent: -0.25in">Change in Valuation allowance</td> <td style="vertical-align: bottom; font-size: 12pt"> </td> <td style="border-bottom: black 1pt solid; vertical-align: bottom; font-size: 12pt; text-align: right"> </td> <td style="border-bottom: black 1pt solid; white-space: nowrap; vertical-align: bottom; font-size: 12pt; text-align: right">22,300</td> <td style="vertical-align: bottom; font-size: 12pt"> </td> <td style="border-bottom: black 1pt solid; vertical-align: bottom; font-size: 12pt; text-align: right"> </td> <td colspan="2" style="border-bottom: black 1pt solid; white-space: nowrap; vertical-align: bottom; font-size: 12pt; text-align: right">21,100</td> <td colspan="2" style="vertical-align: bottom; font-size: 12pt"> </td></tr> <tr> <td style="white-space: nowrap; vertical-align: top; padding-left: 23pt; font-size: 12pt; text-indent: -0.25in"> </td> <td style="vertical-align: bottom; font-size: 12pt"> </td> <td style="border-bottom: black 2.25pt double; vertical-align: bottom; font-size: 12pt">$</td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; vertical-align: bottom; font-size: 12pt; text-align: right">-</td> <td style="vertical-align: bottom; font-size: 12pt"> </td> <td style="border-bottom: black 2.25pt double; vertical-align: bottom; font-size: 12pt">$</td> <td colspan="2" style="border-bottom: black 2.25pt double; white-space: nowrap; vertical-align: bottom; font-size: 12pt; text-align: right">-</td> <td colspan="2" style="vertical-align: bottom; font-size: 12pt"> </td></tr> <tr> <td style="width: 50%"> </td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 22%"> </td> <td style="width: 3%"> </td> <td style="width: 1%"> </td> <td style="width: 15%"> </td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="width: 5%"> </td></tr> </table>

-89100

-82900

66800

61800

22300

21100

2576000

NOTE 4 – COMMON STOCK On January 26, 2007, the majority stockholders of the Company voted in favor of amending and restating the Company’s Articles of Incorporation to change the total number of shares which the corporation shall be authorized to issue to 60,000,000 shares of capital stock, such total number of shares shall consist of 50,000,000 shares of $0.0001 par value common voting stock and 10,000,000 shares of preferred stock, having a par value of $0.0001 per share.

50000000

0.0001

10000000

0.0001

NOTE 5 - RELATED PARTY TRANSACTIONS Expenses during the years ended December 31, 2007 through December 31, 2025 were paid by Mirabella Holdings, LLC, the Company's majority shareholder, and recorded as loans related party totaling $812,197 at December 31, 2025. Expenses of $49,790 were paid during the year ended December 31, 2025. The accrued interest related to the outstanding loans was $1,324,604 as of December 31, 2025, and $1,126,269 as of December 31, 2024. The loans are evidenced by a promissory note, are unsecured, are due on demand and accrue interest at the rate of 10% per annum, compounded quarterly. No payments were made during the year ended December 31, 2025. Accrued interest for the year ended December 31, 2007 was immaterial and has been accrued in each of the years ended December 31, 2008 through December 31, 2025. The note was issued by the Company on April 29, 2009 and covers all loans made by Mirabella Holdings, LLC to the Company since November 6, 2007, as well as all loans made since that date and any such loans that may be made by Mirabella Holdings, LLC in the future. A copy of the note was filed as an exhibit to our Annual Report for the year ended December 31, 2008; see Part IV, Item 15 of this Report. Pursuant to the Management Services Agreement (the “Management Services Agreement”) with Richland, Gordon & Company, (“Richland”) accrued management fees payable to Richland totaling $120,000 during the year ended December 31, 2025, which fees, along with any other management fees that may subsequently accrue, are due and payable to Richland if and when such an acquisition or financing is completed by the Company. A copy of the Management Services Agreement was filed as an exhibit to our Annual Report for the year ended December 31, 2008; see Part IV, Item 15 of this Report.

812197

49790

1324604

1126269

0.10

120000

NOTE 6 – SUBSEQUENT EVENTS The Company has evaluated subsequent events pursuant to ASC Topic 855 from the balance sheet date through the date the financial statements were issued, and determined there are no events to disclose.

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