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RELATED PARTIES
 6 Months Ended
Jun. 30, 2026
Related Party Transactions [Abstract]  
RELATED PARTIES

NOTE 14 – RELATED PARTIES

 

There were no material transactions with related parties during the three- and six-month period ended June 30, 2026.

 

During the three and six months ended June 30, 2025, the Company engaged in transactions with related parties, including consultants, directors, and entities affiliated with members of the Board of Directors. These transactions primarily relate to legal services, consulting fees, director compensation, accounting services, and expense reimbursements.

 

Related party transactions for the three and six months ended June 30, 2025 were as follows:

 

  · The Company incurred $2,100 and $69,643 in legal fees and expense reimbursements with a related party law firm for the three and six months ended June 30, 2025, respectively.

 

  · The Company incurred $16,980 and $39,740 in accounting and IT service fees and expense reimbursements to related parties for the three and six months ended June 30, 2025, respectively.

 

  · The Company incurred $53,841 and $108,636 in fees and travel expenses to directors for the three and six months ended June 30, 2025, respectively.

 

  · The Company incurred $82,500 and $165,000 in consulting fees to board of directors and advisory board members for the three and six months ended June 30, 2025, respectively.

 

As of December 31, 2025, accrued liabilities included $56,250 related to director compensation. There were no material related-party payables outstanding as of June 30, 2026.