SUBSEQUENT EVENTS |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENTS | NOTE 18- SUBSEQUENT EVENTS
In accordance with ASC 855-10, Subsequent Events, management has evaluated subsequent events through August 14, 2026, the date these unaudited financial statements were available to be issued. The following events occurred after June 30, 2026.
On July 15, 2026, the Financial Industry Regulatory Authority approved the Articles of Amendment filed with the Secretary of State of the State of Florida on June 16, 2026 changing the Company’s name from Hallmark Venture Group, Inc. to SDR Drone, Inc.; the name change, and a corresponding change in the trading symbol for the Company’s common stock from “HLLK” to “SDCO,” became effective at the open of business on July 16, 2026.
On July 18, 2026, the Company filed an offering statement on Form 1-A under Regulation A with the Securities and Exchange Commission; the offering statement has not been qualified and there is no assurance that it will be qualified or that any securities will be sold thereunder.
On July 22, 2026, the Company’s unsecured, non-interest bearing convertible note in the original principal amount of $26,381 reached its stated maturity date. That note was issued on July 21, 2025 to an unrelated third party that had paid $26,381 on behalf of the Company to settle certain accounts payable balances outstanding as of December 31, 2024, and was converted in full into shares of the Company’s common stock on July 22, 2025 (see Note 13). No principal or accrued interest was outstanding at maturity, no amount was paid at maturity, and the note was retired in accordance with its terms.
On July 30, 2026, the holder of the Company’s February 12, 2026 convertible promissory note assigned a portion of its undrawn funding commitment under that note to an unaffiliated third party, which applied the assigned amount to the direct payment of Company obligations.
On August 4, 2026, the Company received from Sundori Drone Co., Ltd. the Korean Intellectual Property Office registration certificates for the twelve Korean patents and six Korean industrial designs described in Note 4, together with accounting records of the assignor establishing that the assignor’s net carrying amount for the transferred intellectual property immediately prior to the transfer was nil.
On August 4, 2026 in settlement of a portion of the remaining stock payable arising under the order approving the settlement described in Note 11, the Company issued shares of its common stock to Nicosel, LLC, which shares were issued in reliance on Section 3(a)(10) of the Securities Act of 1933, as amended, and received further advances under its outstanding convertible promissory notes.
Registration of the assignment of the acquired intellectual property with the Korean Intellectual Property Office had not been completed as of the date these financial statements were available to be issued. |