SUBSEQUENT EVENTS |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| SUBSEQUENT EVENTS | |
| SUBSEQUENT EVENTS | NOTE 15 - SUBSEQUENT EVENTS
The Company has evaluated subsequent events through the date the financial statements were issued. The Company has determined that there are no other such events that warrant disclosure or recognition in the financial statements other than as set forth below.
On April 28, 2026, the Company made a payment totalling $56,411 to a lender to fully satisfy a note of $50,000 and accrued interest of $6,411.
Between April 21, 2026 through May 4, 2026, the Company entered into eleven revenue sharing/subscription agreements. The Company issued 8,575,000 shares of common stock for $428,750 in cash per the subscription agreements. Per these same agreements, these eleven investors also entered the revenue sharing program and the Company received an additional $428,750 in cash. Per these agreements, the Company is required to pay $68.60 per unit sold to these investors. The revenue sharing period begins on April 1, 2026 and continues for four years.
On May 13, 2026, the Company issued 3,739,726 shares of common stock for the conversion of $150,000 note issued on April 23, 2024 and $36,986 in accrued interest (see Note 10). This note was converted in full and the balance due after the conversion is $0.
On May 13, 2026, the Company issued 2,469,480 shares of common stock for the conversion of $100,000 note issued on May 29, 2024 and $23,474 in accrued interest (see Note 10). This note was converted in full and the balance due after the conversion is $0.
On May 14, 2026, the Company issued 1,223,562 shares of common stock for the conversion of $50,000 note issued on July 3, 2024 and $11,178 in accrued interest (see Note 10). This note was converted in full and the balance due after the conversion is $0.
On June 2, 2026, the Company made a payment totaling $30,636 to a lender to fully satisfy a convertible note of $25,000 and accrued interest of $5,636.
Since March 31, 2026, the Company has made payments totaling $85,150 to five lenders (two related and three unrelated) towards principal and accrued interest on five of its outstanding promissory notes. |