Note 4 - Related Party Transactions |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Notes | |
| Note 4 - Related Party Transactions | Note 4 - Related Party Transactions
During the six months ended June 30, 2025 the Company purchased $1,153,197 worth of inventory from Ageless Holdings, LLC (“Holdings”), entity owned and controlled by the Company’s members of management and board of directors and paid $25,000 for services. Additionally, the Company received $1,391,635 worth of advances from Holdings to pay for operating expenses and the Company paid back $1,322,000 of the advances.
During the six months ended June 30, 2026 the Company purchased $745,060 worth of inventory from Holdings, received $3,060 worth of advances from Holdings to pay for operating expenses, and paid back $150,000 of the advances. Additionally, during the first quarter of 2026 the Board of Directors decided to finalize a settlement agreement with Holdings and entered a promissory note on March 28, 2026 for $460,402, which was equal to the amount owed to them as of that date. The note carries an interest rate of 7% per annum, can be prepaid at any time without penalty, and matures on December 31, 2026. During the six months ended June 30, 2025, repayments of $200,000 were made toward this note payable. |