v3.26.1
RELATED-PARTY TRANSACTIONS
3 Months Ended
Mar. 31, 2026
Related Party Transactions [Abstract]  
RELATED-PARTY TRANSACTIONS

NOTE 12. RELATED-PARTY TRANSACTIONS

 

Gilbert Villarreal, the president of the Company’s subsidiary, Ayro Operating Company, Inc. (“AYRO Operating”), through GLV Ventures and Electric Power, entities owned and controlled by Mr. Villarreal, has been providing consulting services to the Company in connection with the reengineering of the Company’s Vanish at a rate of $30,000 per month. In addition to the compensation paid to Mr. Villarreal as president of AYRO Operating, see below for related-party incurred expenses and liabilities:

 

 

Related-Party Incurred Expenses

 

Related Party  Classification  2026   2025 
      Three Months Ended March 31, 
Related Party  Classification  2026   2025 
Electric Power Energy  Research and development  $125,000   $174,165 
Electric Power Energy  General and administrative   -    231,745 
Total     $125,000   $405,910 

 

Related-Party Liabilities

 

Related Party  Classification  March 31, 2026   December 31, 2025 
Electric Power Energy  Accrued expenses and other current liabilities  $5,000   $5,000 
Total     $5,000   $5,000