Note 3 –Related Party Transactions |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Related Party Transactions [Abstract] | |
| Note 3 –Related Party Transactions | Note 3 –Related Party Transactions
As of December 31, 2025, and 2024, the Company had an outstanding balance of $4,909,270 and $390,000, respectively, due to funds received from a related party and amounts paid directly by the related party to subcontractors and other service providers of the Company. The Company is in discussions with the related party as to formalizing an agreement related to services performed on behalf of the Company.
These advance payables carry no interest and do not have a maturity date. The cash proceeds from these advances were used for operating purposes.
The Company recorded director fees in the amount of $70,398 and $62,100 for the years ended December 31, 2025 and 2024, respectively. The Company received services from a director in the amount of $173,337 during the year ended December 31, 2025, which are included in general and administrative expenses in the consolidated statement of operations.
Accounts payable as of December 31, 2024 included a balance of $32,960 due to a director.
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