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EQUITY INVESTMENTS
9 Months Ended
Sep. 30, 2025
Equity Method Investments and Joint Ventures [Abstract]  
EQUITY INVESTMENTS

NOTE 3 – EQUITY INVESTMENTS

 

On March 25, 2021, the Company entered into the APA with Election Services Solutions. Under the APA, the Company agreed to purchase 100% of the assets of Election Services Solutions for a purchase price of $650,000, of which $511,150 has already been paid, and to issue 40,000,000 common shares to purchase these assets under the APA. GES derives over 80% of its business from Election Services Solutions. On August 2, 2024, the Company issued a convertible promissory note in favor of the former owner of Elections Services Solutions to GES. The note, in the principal amount of $138,850, bears interest at a rate of 12% per annum and was due on October 15, 2025. As of September 30, 2025, the Company had repaid $5,000 of principal under the note, with an outstanding balance of $133,850.   

 

On February 27, 2023, the Company acquired 3,000,000 shares of TrueVote, representing 30% of TrueVote’s outstanding common stock. In connection therewith, the Company invested $50,000 in a 24-month debenture and issued a 2-year warrant, at a conversion price of $0.0012 per share, for 4,500,000 shares of the Company’s common stock.

 

TrueVote is building a comprehensive end-to-end, de-centralized, completely digital voting system. This will be based on traditional, proven database methodologies, and layered with a “checksum” that is posted on the blockchain, such that all data will be immutable and unalterable. This design is expected to ensure that every vote is transparently counted and verifiable. The TrueVote voting system will be based on traditional, proven database methodologies and layered with a “checksum” that is posted on the blockchain, proving all data is immutable and unalterable.