Note 12. Subsequent Events

Note issuances

On July 17, 2026, the Company issued a convertible promissory note to a third-party investor in the principal amount of $30,000 (the “July 2026 Convertible Note”). The note was issued with an original issue discount of $5,000, resulting in net proceeds to the Company of $25,000. The note includes a one-time interest charge of $4,500 and has a maturity date of April 17, 2027. Upon the occurrence of an event of default, the note accrues interest at a rate of up to 24% per annum on the outstanding principal balance. The note may be prepaid in accordance with its terms and may also be convertible into shares of the Company’s common stock, subject to the provisions of the note agreement.

Shares issuances

On July 16, 2026, the Company issued 8,000,000 shares of common stock to a third-party investor as conversion of $4,680 principal pursuant to the convertible promissory note.