Related Party Transactions Disclosure |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Notes | |
| Related Party Transactions Disclosure | 4. Related Party Transactions
Accounts Payables contain payables to related parties which is accumulated advances paid by the CEO for operating expenses of the company, which amount to $398,979 and $336,207 as of June 30, 2026, and December 31, 2025, respectively.
On January 15, 2026, the Company entered into a non-interest-bearing promissory note with its CEO, Darryl Payne, in the principal amount of $70,000 to fund NASDAQ listing and application fees. The loan is unsecured and does not have a fixed maturity date; instead, repayment is contingent upon the Company generating sufficient net revenue to satisfy the debt, as determined in good faith by the Board of Directors. In the event of corporate dissolution or bankruptcy, the note becomes immediately due and payable from remaining corporate assets, subject to the priority of senior secured creditors. |