v3.26.1
Stock Payable
6 Months Ended
Jun. 30, 2026
Disclosure Stock Payable Abstract  
Stock Payable

NOTE 8 – Stock Payable

 

During May 2026, the Company signed three (3) contracts that are to be paid in restricted shares of the Company. The shares total to be distributed to 2 advisory board members and a legal consultant are for a total of four (4) million shares. All contracts are for three (3) years terminating in May 2029. On May 19, 2026 the Company also approved the issuance of 200,000 restricted shares to Mr. Ferguson as a performance bonus for his service to the Company for the last ten (10) years. The board also approved issuing 316,909  restricted shares to Mr. Kaiser for all accrued compensation through April 2026. All shares are to be issued at the closing price of the Company’s stock on May 19, 2026 which was $0.55.  No stock has been issued at June 30, 2026 therefore the total value of stock payable at June 30, 2026 was $2,484,300. Prepaid expenses related to the contracts was $2,108,333 at June 30, 2026.