|
8) Advances
| |
|
March 31,
2026 |
|
|
December 31,
2025 |
|
| Advance to related party contractor - for AI tools and software development |
|
$ |
3,200 |
|
|
$ |
3,200 |
|
|
Advance to related party contractor - for services |
|
|
626 |
|
|
|
626 |
|
| Total Advances |
|
$ |
3,826 |
|
|
$ |
3,826 |
|
The balance outstanding from SecureKloud Technologies
Limited as of March 31, 2026, and December 31, 2025, is $3,826.
The balance is unsecured, non-interest bearing and is expected to be settled in the ordinary course of business, as outlined below:
|
- |
$3,200
was advanced in connection with the design, develop and deliver an Integrated Health Advisory & Care Platform & Tools including
certain artificial intelligence-enabled software tools and related intellectual property, intended to support the Company’s current
and future product offerings at a cost not-to-exceed $3,200,
and |
|
- |
$626
for provision of certain services to the Company. These advances are expected to be settled in the ordinary course of business. |
| |
A. |
Related party transactions: |
Following are the transactions with
related parties during the periods presented:
| Related Parties |
|
Nature of transactions |
|
Quarter
ended
March 31,
2026 |
|
|
Quarter
ended
March 31, 2025 |
|
| SecureKloud Technologies Limited, India |
|
Services received |
|
$ |
539 |
|
|
$ |
912 |
|
| |
|
Amounts advanced |
|
|
- |
|
|
|
1,298 |
|
| SecureKloud Technologies, Inc. |
|
Services received |
|
|
- |
|
|
|
221 |
|
| |
|
Amounts advanced |
|
|
- |
|
|
|
785 |
|
| |
|
Services rendered |
|
|
- |
|
|
|
138 |
|
| |
|
Amounts collected by related party on behalf of the Company |
|
|
- |
|
|
|
305 |
|
| |
|
Rent expenses paid |
|
|
- |
|
|
|
43 |
|
| Blockedge Technologies, Inc. |
|
Services received |
|
|
60 |
|
|
|
- |
|
| |
|
Amounts advanced |
|
|
- |
|
|
|
54 |
|
| Key management personnel |
|
Remuneration |
|
|
235 |
|
|
|
400 |
|
| Board of Directors |
|
Compensation |
|
$ |
55 |
|
|
$ |
55 |
|
|