RELATED PARTY TRANSACTIONS |
12 Months Ended | |||||||||||||||
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Dec. 31, 2025 | ||||||||||||||||
| Related Party Transactions [Abstract] | ||||||||||||||||
| RELATED PARTY TRANSACTIONS | NOTE 5 – RELATED PARTY TRANSACTIONS
On September 18, 2021, the Company entered into a $30,000 Promissory Note Agreement at 24% interest with Coral Investment Partners (“CIP”). CIP’s managing director is Erik Nelson, who was formerly the Chief Executive Officer of the Company. On June 30, 2022, CIP increased its Promissory Note to $50,000 by funding an additional $20,000 loan to the Company. Subsequently, CIP made an additional loan of $40,000 on September 15, 2022, bringing the total principal balance to $90,000 plus accrued interest. During the fiscal year ended December 31, 2023, CIP made additional advances to the Company totaling $92,000.
On December 14, 2023, the Company and CIP agreed to convert $50,000 of indebtedness under the Promissory Note into shares of the Company’s common stock at $0.05 per share. Effective December 14, 2023, the interest rate on the remaining balance was reduced to 12% through December 31, 2023, and effective January 1, 2024, the interest rate was further reduced to 10%. During the year, an additional loan of $43,820 was extended to the company through the settlement of its liabilities.
As of December 31, 2025 and December 31, 2024, the balance due to CIP, including accrued interest, was approximately $212,710 and $154,427, respectively.
On September 20, 2024, Lisa Lozinski (the “Lender”), the spouse of a Company director, loaned the Company $50,000 pursuant to a promissory note with the following terms:
As of December 31, 2025 and December 31, 2024, the balance due on this related party note, including accrued interest, was approximately $50,755 and $50,320, respectively.
During the year ended December 31, 2024, Jeff Lozinski loaned the Company $5,500 on a non-interest-bearing basis, of which $2,500 was repaid during the period, resulting in a balance due of $3,000 as of December 31, 2024. The balance was repaid during the year ended December 31, 2025.
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