NOTES PAYABLE |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Debt Disclosure [Abstract] | |
| NOTES PAYABLE | Note 10. NOTES PAYABLE
Vehicles Notes Payable
On January 10, 2025, the Company entered into a second finance agreement to purchase a 2024 Toyota Corolla for $33,517 with a maturity date of January 18, 2031. The loan bears fixed interest at a rate of 11.65% per annum, with monthly payments of $651, which is comprised of principal and interest. This loan is collateralized by the underlying vehicle. The balance of this loan as of June 30, 2026, and December 31, 2025, was $27,546 and $29,774, respectively. The current portion of the balance of this loan as of June 30, 2026, and December 31, 2025, was $4,861 and $4,588, respectively.
On March 18, 2024, the Company entered into a finance agreement to purchase a 2024 Toyota Corolla for $33,620 with a maturity date of February 18, 2030. The loan bears fixed interest at a rate of 5.99% per annum, with monthly payments of $467, which is comprised of principal and interest. This loan is collateralized by the underlying vehicle. The balance of this loan as of June 30, 2026, and December 31, 2025, was $18,406 and $20,618, respectively. The current portion of the balance of this loan as of June 30, 2026, and December 31, 2025, was $4,627 and $4,491, respectively.
Directors and Officers Insurance Policy – 2025
In September 2025, the Company obtained short-term financing of approximately $260,000 with 11 monthly payments of approximately $24,000 and interest at a 6.7% fixed annual rate for director and officer insurance policies. The current portion of the balance of this loan as of June 30, 2026, and December 31, 2025, was $13,073 and $90,002, respectively.
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