v3.26.1
Related Party Transactions
3 Months Ended
Mar. 31, 2026
Related Party Transactions  
Related Party Transactions

5. Related Party Transactions

 

The Company leases office space from certain related parties on a month-to-month basis. $2,000 per month plus utilities is paid to NP Depot LLC, a company owned by the Company’s president, John Swallow and approximately $1,700 is paid quarterly to Mine Systems Design, Inc. which is partially owned by the Company’s vice president, Grant Brackebusch. Payments under these short-term lease arrangements are included in general and administrative expenses on the condensed consolidated statement of operations and for the three-month periods ended March 31, 2026 and 2025 are as follows:

 

March 31,

2026

 

 

2025

 

$

10,763

 

 

$7,688