Related Party Transactions |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions | Note 3 –Related Party Transactions
As of March 31, 2026, and December 31, 2025, the Company had an outstanding balance of $5,561,899 and $4,909,270, 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 $25,465 and $21,298 for the three months ended March 31, 2026 and 2025, respectively, which are included in professional fees in the unaudited condensed consolidated statements of operations. The Company received services from a director in the amount of $24,897 and $84,097 during the three months ended March 31, 2026 and 2025, respectively, which are included in general and administrative expenses in the unaudited condensed consolidated statements of operations.
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