Related Party Transactions |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions | NOTE 5 – Related Party Transactions
The Company utilizes the services of Yes International Inc., which is controlled by Mr. Richard Kaiser who is a member of the Board of Directors. Yes International provides all services at no cost except for press release wire services and filing fees. For the three months ended June 30, 2026 and 2025 the Company paid press release wire services and filing fees a total in the amount of $3,388 and $1,780 respectively. For the six months ended June 30, 2026 and 2025 the Company paid press release wire services and filing fees a total in the amount of $3,573 and $1,780 respectively. The Company also currently operates out of Yes International Inc., offices at no cost.
During the six months ended June 30, 2025, Mr. Merle Ferguson was issued shares of common stock to reimburse him for accrued compensation and amounts due him totaling $. Of this amount Mr. Richard Kaiser allowed Mr. Ferguson to assume $3,386 of his accrued liabilities and $644,023 of his accrued compensation for a total of $647,409. Mr. Ferguson also loaned $51,000 to the Company during the year ended December 31, 2025.
During the year ended December 31, 2025, Mr. Ahmad, a shareholder, loaned money to the Company in the amount of $10,000. A formal note was finalized and converted in April 2026. In accordance with the loan document between Mr. Ahmad and the Company, Mr Ahmad was entitled to $11,000 in principal and interest repayment and 3,000 restricted shares as a premium for giving the Company a loan. Mr. Ahmad received 24,250 shares of restricted 144 common stock on April 16, 2026, based on the closing price on that day. The premium of $1,361 is included in the statement of operations as a loss on liability settlement for the three and six months ended June 30, 2026.
During the six months ended June 30, 2026 and 2025, two board of directors paid expenses of the Company in the amount of $5,000 and $3,152, respectively. During the six months ended June 30, 2026 $1,527 was repaid to related parties. On April 17, 2026 Mr. Ferguson forgave all amounts due to him including all accrued compensation which amounted to $502,373 and is included in forgiveness of debt for the three and six months ended June 30, 2026. On May 18, 2026, a company related to a stockholder gave the Company $13,000 to assist the Company in paying their bills. On April 21, 2026, a advisor to the board of directors paid a bill on behalf of the Company in the amount of $940. Both of these amounts will be repaid in the future, but no terms have been set. Due to related parties was $50,733 and $101,290 at June 30, 2026 and December 31, 2025, respectively.
On May 19, 2026, the board of directors accepted the assignment and lease transfer of eleven (11) Federal Oil and Gas lease assignments from a company related to the majority shareholder of the Company. The value of the land leases are assumed to be the cost basis of the company that gifted them which on May 19, 2026, was $234,525. The Company also received prepaid lease values in the amount of $52,395 on May 19, 2026 which will expire on March 31, 2027. At June 30, 2026, $44,910 of prepaid leases is included in prepaid expenses on the balance sheet. The eleven (11) leases will be subject to annual review for impairment. (See Note 9).
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