Note 2 - Summary of significant accounting policies: Cash (Policies) |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Policies | |
| Cash | Cash
Cash represents cash on hand and demand deposits placed with banks or other financial institutions which are unrestricted as to withdrawal or use and have original maturities less than three months.
Restricted cash
Cash that is restricted as to withdrawal for use or pledged as security is reported as “Restricted cash” in the consolidated balance sheets. The Company’s restricted cash mainly represents the proceeds received through IPO deposited in the escrow account. It has been released to the company’s account in May 2025.
As of December 31, 2025, restricted cash also included approximately $19,000 that was frozen in connection with a legal proceeding. Subsequent to year-end, the legal proceeding was concluded, and the restriction has been released. The Company has recognized the related litigation costs and settlement amounts in its financial statements. |