ACCOUNTS PAYABLE AND ACCRUED LIABILITIES |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Payables and Accruals [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ACCOUNTS PAYABLE AND ACCRUED LIABILITIES | NOTE 5 – ACCOUNTS PAYABLE AND ACCRUED LIABILITIES
On September 20, 2024, Hallmark Venture Group, Inc. entered into a debt cancellation agreement with a vendor, pursuant to which $262,192 of outstanding legal fee obligations were forgiven. The Company recognized a corresponding gain on extinguishment of debt of $262,192 for the year ended December 31, 2024.
An unrelated third party paid $26,381 on behalf of the Company to settle certain accounts payable balances outstanding as of December 31, 2024. In exchange, the Company issued an unsecured, non-interest-bearing convertible note on July 21, 2025, with a stated maturity date of July 22, 2026. The note was subsequently converted into shares of common stock on July 22, 2025.
During the year ended December 31, 2025, certain vendors issued a demand for payments of outstanding balances through legal counsel and third-party collection agencies. The Company evaluated these matters and recorded the related liabilities in its consolidated financial statements, as management believes such amounts are probable and reasonably estimated.
The following table presents the Company’s accounts payable and accrued liabilities balances as of December 31, 2025 and 2024.
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