Related Party Debt and Transactions |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Related Party Transactions [Abstract] | |
| Related Party Debt and Transactions | Note 5. Related Party Debt and Transactions
Related party consulting arrangements
During March 2025, the Company employed Dalton DenBaars, the son of Steven DenBaars, a founding member and director of the Company, on a part-time basis. Prior to his transition to part-time employee status on October 15, 2025, Dalton DenBaars performed services for the Company on an as-needed basis. Effective October 15, 2025, Dalton DenBaars became a part-time employee and receives an annual salary of $. There were no accrued payroll or accrued expenses related to Dalton at the periods ended June 30, 2026 and December 31, 2025. The Company expensed $22,500 and $1,000 in general and administrative expense related to compensation expense for Dalton during the three months ended June 30, 2026 and 2025, respectively. The Company expensed $43,750 and $1,000 in general and administrative expense related to compensation expense for Dalton during the six months ended June 30, 2026 and 2025, respectively.
During the six months ended June 30, 2026, the Company consulted Steven DenBaars on various services and as of the periods ended June 30, 2026 and December 31, 2025, accrued payroll and accrued expenses included $892 and $0, respectively, for unpaid amounts due to him. The Company expensed $12,718 and $57,839 in general and administrative expense related to compensation expense for Steven during the three and six months ended June 30, 2026, respectively. There was no expense related to compensation expense for Steven during the three and six months ended June 30, 2025.
During 2025, the Company entered into a consulting agreement with Erica Honick, pursuant to which Ms. Honick provides assistance in areas of human resources (inclusive of talent management and learning & development), as well as risk management and internal audit for the Company’s optical devices and related applications. Under this agreement, Erica Honick is paid $10,000 per month beginning October 1, 2025. In addition, Ms. Honick was granted the right to purchase shares of the Company’s common stock, which vest over a -year period. During the three and six months ended June 30, 2026, the Company recognized $30,000 and $60,000 of cash compensation in general and administrative expense related to services performed by Ms. Honick, respectively. There was $10,000 outstanding and included in accounts payable under this arrangement as of June 30, 2026.
In January 2026, the Company purchased certain test equipment from James Shealy, the brother of the Company’s Chief Executive Officer and director for $28,197.
During 2025, the Company entered into a consulting agreement with Maggie Nguyen LLC, pursuant to which Ms. Nguyen provides assistance in areas of finance, accounting, payroll, and benefits. Under this agreement, Maggie Nguyen LLC is paid $10,000 per month beginning October 1, 2025. In addition, Ms. Nguyen was granted the right to purchase shares of the Company’s common stock, which vest over a four-year period. During the three and six months ended June 30, 2026, the Company recognized $30,000 and $60,000 of cash compensation in general and administrative expense related to services performed by Ms. Nguyen, respectively. There was $10,000 outstanding and included in accounts payable under this arrangement as of June 30, 2026.
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