v3.26.1
PREPAID EXPENSES
12 Months Ended
Dec. 31, 2025
PREPAID EXPENSES  
PREPAID EXPENSES

NOTE 4 - PREPAID EXPENSES

 

Prepaid expenses consist of the following at:

 

 

 

December 31,

2025

 

 

December 31,

2024

 

Prepaid filing fees

 

$1,425

 

 

$1,246

 

Prepaid stock-based compensation

 

 

571

 

 

 

1,231,684

 

Total

 

$1,996

 

 

$1,232,930

 

 

Prepaid stock-based compensation consisted of stock issuances for consulting agreements that are being amortized over the life (six or twelve months) of the agreements. The prepaid stock-based compensation is comprised of the following at December 31, 2025 and 2024:

 

Consultant

 

Shares

 

 

Market Price

 

 

Value

 

2024 Agreements

 

 

 

 

 

 

 

 

 

Non-Affiliates

 

 

6,385,000

 

 

0.07 - 0.38

 

 

$1,372,750

 

Related Party

 

 

6,000,000

 

 

0.07 - 0.45

 

 

 

1,625,000

 

 

 

 

12,385,000

 

 

 

 

 

 

2,997,750

 

less: Amortizations

 

 

 

 

 

 

 

 

 

(1,766,066)

Balance at December 31, 2024

 

 

 

 

 

 

 

 

 

1,231,684

 

2025 Agreements

 

 

 

 

 

 

 

 

 

 

 

Non-Affiliates

 

 

1,425,000

 

 

0.05 - 0.30

 

 

$391,148

 

Related Party

 

 

20,000

 

 

$0.29

 

 

 

5,790

 

 

 

 

1,445,000

 

 

 

 

 

 

 

1,628,622

 

less: Amortizations

 

 

 

 

 

 

 

 

 

 

(1,628,051)

Balance at December 31, 2025

 

 

 

 

 

 

 

 

 

 

571

 

 

During the years ended December 31, 2025 and 2024, the Company also issued 0 and 1,150,000 shares of common stock, respectively, pursuant to consulting agreements that vest immediately or periodically throughout the year. These shares were valued at the market price on the day of issuance for a total value of $0 and $311,970 for the years ended December 31, 2025 and 2024, respectively. During the years ended December 31, 2025 and 2024, the Company also issued 1,600,000 and 4,000,000 shares of common stock, respectively, pursuant to consulting agreements with related parties that vest immediately or periodically throughout the year. These shares were valued at the market price on the day of issuance for a total value of $217,200 and $1,334,500 for the years ended December 31, 2025 and 2024, respectively. During the years ended December 31, 2025 and 2024, the Company reported $1,845,251 and $3,412,536 in stock-based compensation as consulting expense.