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RELATED PARTIES
3 Months Ended
Mar. 31, 2026
Related Party Transactions [Abstract]  
RELATED PARTIES

NOTE 13 – RELATED PARTIES

 

During the three months period ended March 31, 2025, the Company engaged in transactions with related parties, including consultants, directors, and entities affiliated with members of the Board of Directors. These transactions primarily relate to legal services, consulting fees, director compensation, accounting services, and expense reimbursements.

 

Related party transactions for the months ended March 31, 2025 and as of December 31, 2025 were as follows:

 

·The Company incurred $67,543 in legal fees and expense reimbursements with a related party law firm during the three months ended March 31, 2025. Related accrual was $0 as of December 31, 2025.

·The Company incurred $22,760 in accounting and IT service fees and expense reimbursements to related parties during the three months ended March 31, 2025. Related accrual was $0 as of December 31, 2025.
·The Company incurred $54,795 in fees and travel expenses to directors during the three months ended March 31, 2025. Related accrual was $56,250 as of December 31, 2025.
·The Company incurred $82,500 in consulting fees to board of directors and advisory board members during the three months ended March 31, 2025. Related accrual was $0 as of December 31, 2025.

 

For the three months period ended March 31, 2026, there were no material transactions with related parties.