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SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2026
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS

NOTE 15 – SUBSEQUENT EVENTS

 

The Company has analyzed its operations subsequent to June 30, 2026, through the date of this filing of these unaudited condensed financial statements and has determined that the following are material subsequent events.

 

On July 15, 2026, the Company entered into a short-term loan agreement with its COO, Jeff Hail, for a principal amount of $50,000. The note included an original issue discount of $2,632, resulting in a stated principal value of $52,632. The note includes a one-time interest charge of 15% of the stated principal value and matures on September 16, 2026. On July 31, 2026, the Company entered into Addendum No. 1 to the agreement, for an additional principal amount of $30,000 and an original issue discount of $1,579 for a stated principal value of $31,579. The additional principal includes a one-time interest charge of 15% of the stated principal value and matures on September 16, 2026.

 

In August 2026, the Company sold 119,048 shares of common stock and 119,048 five year warrants with an exercise price of $0.30 for an aggregate purchase price of $25,000.