Related Party |
3 Months Ended | ||
|---|---|---|---|
Mar. 31, 2026 | |||
| Related Party | |||
| Related Party |
Promissory Notes to CEO
Promissory Note for $100,000
On December 17, 2025, the Company issued a promissory note to the CEO with a principal amount of $100,000. The note accrues interest at a rate of 8% per annum.
The promissory notes was reviewed and approved by the Company’s Board of Directors in accordance with the Company’s Related Party Transaction Policy. The proceeds from the notes will be used for general corporate purposes.
Takeoff Services Inc
On September 9, 2024, certain Company officers formed Takeoff Services Inc. (“TSI”), an independent entity focused on supporting early-stage fundraising. There is no asset transfer between TSI and the Company. The parties are evaluating a potential collaboration under a non-binding MOU, which may allow the Company to identify TSI clients for possible incubation.
PPM Marketing
WODI has engaged PPM Marketing, an entity affiliated with a member of its executive team, to provide consulting and advisory services for its fundraising initiatives. These services include creative content development, funnel creation and management, lead management, and related campaign support. The arrangement is monitored in accordance with the Company’s related party transaction policy. The affiliate executive was appointed CEO of Water On Demand, Inc. effective July 1, 2025. |