NOTE L – SUBSEQUENT EVENTS

The Company has evaluated subsequent events for recognition and disclosure as of the date the financial statements were available to be issued. No other matters were identified affecting the accompanying financial statements and related disclosures.

Subsequent to April 30, 2026, the Company:

On May 4, 2026, the merchant (see Note I) made a payment of $10,447 toward the outstanding balance but did not make all payments in accordance with the first amended repayment schedule. The Company continued discussions with the merchant regarding repayment of the remaining balance and, on July 31, 2026, the Company and the merchant mutually agreed to a second amendment that further revised the timing of the remaining payments. As of the date of this filing, no payments required under the second amended repayment schedule have become past due.

The Company will continue to monitor the merchant’s performance under the revised repayment terms. In the event the merchant does not perform in accordance with those terms, the Company may exercise its contractual rights and pursue appropriate collection remedies with respect to amounts then due and payable. Any amounts ultimately recovered will be accounted for in accordance with applicable accounting guidance.