RELATED PARTY TRANSACTIONS |
12 Months Ended | ||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||
| Related Party Transactions [Abstract] | |||||||||||||||||||||||||||||||||||||
| RELATED PARTY TRANSACTIONS | NOTE 8 – RELATED PARTY TRANSACTIONS
Business Partner
Health Hero America, who is a related party by virtue of common ownership of the Company. During the year ended December 31, the Company provided certain labor services to HHA and recognized service revenue amounted $16,789. As of December 31, 2025 and 2024, receivables arising from this transaction amounted to $16,789 and $0, respectively.
Cold Chain Delivery Systems (“CCDS”), who is a related party by virtue of common ownership of the Company. There were no transactions with the related party during the years ended December 31, 2025 and 2024. As of December 31, 2025, and 2024, the Company has $0 owed to this related party.
Outlaw Run Ranch (“ORR”) is a related party by virtue of common ownership of the Company. The Company pays $9,800 per month to ORR for rent expense. As of December 31, 2025 and 2024, operating lease liability relating to such lease agreement with this related party amounted to $389,630 and $88,435, respectively. See Note 6 for other key terms of the lease agreement.
Warehouse Asset Management, is a related party by virtue of common ownership. The Company’s leases its headquarters, warehouse, other warehouse equipment and a box truck for $15,425 per month. As of December 31, 2025 and 2024, operating lease liability relating to such lease agreement with this related party amounted to $625,805 and $741,729, respectively
During the year ended December 31, 2025 and 2024, the Company made advancements of $0 and $18,669 respectively, to the director of the Company. The advances are due on demand, non-interest bearing, and classified within the balance sheet as a current asset. As of December 31, 2025 and 2024, the amount owed from the director was $0 and $18,669, respectively. These amounts were repaid in full in 2025.
During the year ended December 31, 2025 the Company awarded stock options to the CEO’s son as compensation for services rendered in a prior period and is subject to the same vesting condition as the Company’s other stock option awards. stock options have vested and fully exercisable as of December 31, 2025 and stock options remain unvested. The key terms and fair value inputs and assumptions utilized for this stock option are disclosed in Note 9. The Company recognized $ as an expense for the year ended December 31, 2025.
Related party rent expenses are as follows:
The Company has done an analysis under ASC 810 and has determined that the aforementioned related parties do not qualify as a Variable Interest Entity and therefore those entities were not consolidated in the preparation of the accompanying financial statements.
CALLAN JMB INC. (Formerly known as Coldchain Technology Services, LLC) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS December 31, 2025 and 2024
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