Related Party Transactions |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Related Party Transactions | |
| Related Party Transactions | Note 5 – Related Party Transactions
At March 31, 2026, and December 31, 2025, outstanding notes payable due to First American Management Group Corp, the Company’s largest shareholder, totaled $519,000, respectively.
At March 31, 2026, and December 31, 2025, outstanding notes payable due to FAMC, the Company’s second largest shareholder, totaled $707,000, respectively.
FAMC is Customer A and Vendor A (Note 4). During the three months ended March 31, 2026 and 2025, the Company incurred expenses via FAMC totaling $257,000 and $504,000, respectively. At March 31, 2026, and December 31, 2025, accounts payable due to FAMC totaled $1,317,000 and $1,160,000, respectively, and accounts receivable due from FAMC totaled $949,000 and $318,000, respectively.
At March 31, 2026, and December 31, 2025, outstanding loans due to Jian Li, totaled $228,933, respectively. |