v3.26.1
NOTES PAYABLE DUE TO A RELATED PARTY
6 Months Ended
Jun. 30, 2026
NOTES PAYABLE DUE TO A RELATED PARTY  
NOTES PAYABLE DUE TO A RELATED PARTY

NOTE 11 – NOTES PAYABLE DUE TO A RELATED PARTY

 

Notes payable due to a related party consisted of the following as of June, 2026 and December 31, 2025:

 

 

 

 

2026

 

 

2025

 

a)

On April 13, 2026, Sentinel issued a promissory note in the principal amount of $60,000 to a related party, the Company’s President and CEO, which matured on June 12, 2026 and accrues interest at 6% per annum. As this note was not repaid upon maturity, effective that date it began to accrue a penalty at the rate of $15,000 per month. The Company has accrued interest and penalty totaling $919 and zero in connection with this note as of June 30, 2026 and December 31, 2025, respectively, and classified such amounts in the Accounts Payable and Accrued Expenses.

 

$60,000

 

 

$-

 

 

 

 

 

 

 

 

 

 

 

b)

On April 30, 2026, Sentinel issued a promissory note in the principal amount of $15,000 to a related party, the Company’s President and CEO which matured on June 29, 2026 and accrues interest at 6% per annum. As this note was not repaid upon maturity, effective that date it began to accrue a penalty at the rate of $15,000 per month. The Company has accrued interest and penalty totaling $781 and zero in connection with this note as of June 30, 2026 and December 31, 2025, respectively, and classified such amounts in Accounts Payable and Accrued Expenses.

 

 

15,000

 

 

 

-

 

 

 

 

 

 

 

 

 

Notes payable due to a related party

 

$75,000

 

 

$-