v3.26.1
Insurance loan payable
6 Months Ended
Jun. 30, 2026
Insurance Loan Payable  
Insurance loan payable

Note 8. Insurance loan payable

 

During February 2026, the Company entered into a financing agreement with a financing institution to fund a portion of its insurance policies. As part of the agreement, the financing institution agreed to finance the insurance policies of the Company of approximately $225,000 with an average interest rate per annum of 6.70%. The Company is required to make monthly payments of approximately $23,000 through February 2027. The outstanding balance as of June 30, 2026 on the insurance loan payable was $136,372.