Related Party Transactions |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions | Note 4 – Related Party Transactions
As of June 30, 2026, and December 31, 2025, the Company had an outstanding balance of $6,330,008 and $4,909,270, respectively, due to funds received from a related party and amounts paid directly by the related party to subcontractors and other service providers of the Company.
These advance payables carry no interest and do not have a maturity date. The cash proceeds from these advances were used for operating purposes.
The Company recorded director fees in the amount of $17,287 and $41,345 for the three months and six months ended June 30, 2026, respectively, which are included in professional fees in the unaudited condensed consolidated statements of operations. The Company recorded director fees in the amount of $11,746 and $28,045 for the three months and six months ended June 30, 2025, respectively, which are included in professional fees in the unaudited condensed consolidated statements of operations. The Company received services from a director in the amount of $34,177 and $71,356 during the three and six months ended June 30, 2026, respectively, which are included in general and administrative expenses in the unaudited condensed consolidated statements of operations. The Company received services from a director in the amount of $49,136 and $132,421 during the three and six months ended June 30, 2025, respectively, which are included in general and administrative expenses in the unaudited condensed consolidated statements of operations.
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