NOTE 4 – ACCRUED LIABILITIES

As of March 31, 2026 and December 31, 2025, the Company had accrued liabilities of $(10) and $540, respectively.

The decrease in accrued liabilities during the three months ended March 31, 2026 reflects the settlement, adjustment, and reclassification of accrued obligations recorded in prior periods. As of March 31, 2026, substantially all accrued liabilities had been satisfied, resulting in an immaterial net debit balance.

The Company also maintains a liability related to certain historical cash receipts associated with cigar sales recorded during the year ended December 31, 2021. Because the Company was unable to substantiate revenue recognition for these receipts in accordance with Accounting Standards Codification ("ASC") 606, Revenue from Contracts with Customers, the amounts were recorded as a liability rather than recognized as revenue. This liability will remain on the Company's balance sheet until management determines that the obligation has been resolved or the applicable statute of limitations has expired.