NOTE 4. SHARES ISSUED - RELATED PARTIES |
6 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Notes | |
| NOTE 4. SHARES ISSUED - RELATED PARTIES | NOTE 4. SHARES ISSUED - RELATED PARTIES
During the quarter ended March 31, 2026, the Company issued 717,000 equity shares to non-employees in consideration for professional and consulting services rendered at $ 0.12 per share of which 250,000 shares were issued to a related party (our CEO) for services valued at $30,000. In December 2025, the Company issued 1,429,000 shares for $2,429 of services, of which 250,000 shares were issued to a related party (our CEO) for services valued at $425
In October, 2024 and March, 2025, the Company issued 3,555,750 shares for $286,500 in cash, $75 stock subscriptions and $1,188 of services, of which 500,000 shares were issued to related parties for services valued at $850.
Related Party Accruals
During the year ended September 30, 2023, and modified as of August 27, 2025, the Company entered into a contract (see note 7) with a party who has the right to obtain 638,532 shares. The License Agreement obligated us to make an upfront payment of $10,000 paid thirty days from the date of the License Agreement, $50,000 during the first quarter following the Effective Date and then $50,000 per quarter thereafter until the full $250,000 was paid. To date, we have paid $200,000 ($40,000 for the six months and the quarter ending March 31, 2026) to the related party. We have also paid $110,230 for VOCAM units during the quarter and six-months ended March 31, 2026 and as a result we are in good standing under the License Agreement. Further, in consideration of the rights and licenses granted under the License Agreement, the Company is required to pay a royalty of 3% of net sales of all Licensed Products in the field of use throughout the world during the term of the License Agreement. We did not accrue royalties during the quarter due to their immaterial nature but expect to begin paying royalties in early 2026 upon completion of an extension of our contract with Defiant.
The Company entered into a contract for facilities rental with its Chief Executive Officer during the six months ended March 31, 2026. Under this arrangement, $1,500 was accrued at September 30, 2025 and $-0- was accrued at March 31, 2026 and we paid $8,500 and $4,500 in rent for the six months and the quarter ended March 31, 2026 and we also paid $9,000 and $4,500 in rent for the six months and the quarter ended March 31, 2025. |