Related Party Transactions |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions | NOTE 5 – Related Party Transactions
The Company has a consulting agreement with a majority shareholder/board of director. The agreement is for $1,000 monthly. Consulting expense for each of the three months ended June 30, 2026 and 2025 was $3,000. and $4,000, respectively. Consulting expense for the six months ended June 30, 2026 and 2025 was $6,000 and $7,000, respectively.
The Company entered into a compensation agreement with the Company’s Chief Financial Officer and Secretary for a three (3) year term effective January 1, 2023, in the amount of $75,000 annually to be paid in shares. On January 2, 2026, a new contract was made with the Chief Financial Officer for a six month period ending on June 30, 2026, which will then continue on a month to month basis. Compensation is $6,250 per month and can be paid either in cash, restricted shares or a combination of both. Loot8 had an agreement to pay their officer $12,500 a month which included $2,500 of deferred compensation through March 2026. On June 1, 2026 the Board of directors entered into a one year contract with the Company’s Chief Operating Officer. The agreement is for $12,500 monthly to be paid in cash, free trading or restricted shares or a combination of both. The officer also received a one time $10,000 sign on bonus. Contract expires on May 31, 2027 and will convert to a month to month basis. Board of director/officer compensation for the three months ended June 30, 2026 and 2025, was $41,250 and $37,500, respectively. Board of director/officer compensation for the six months ended June 30, 2026 and 2025, was $97,500 and $150,000, respectively.
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 in the amount of $995 and $-0-, respectively. For the six months ended June 30, 2026 and 2025 the Company paid press release wire services and filing fees in the amount of $2,150 and $2,841, respectively. The Company also currently operates out of Yes International Inc., offices at no cost.
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