Note 6. Loans Payable

On November 12, 2025, the Company entered into a fixed-fee short-term loan with its merchant bank and received $114,400 in net loan proceeds. The loan is repaid by the merchant bank withholding an agreed-upon percentage of payments they process on behalf of the Company with a minimum of $14,262 paid every 60 days. The loan payable is due in May 2027. As of March 31, 2026, the loan balance was $36,877 and is recorded in current liabilities on the condensed consolidated balance sheet. As of December 31, 2025, the loan balance was $90,704 and is split between current and non-current liabilities on the condensed consolidated balance sheets.

See additional discussion of loans payable in Note 11 – Related Party Transactions.