v3.26.1
RELATED-PARTY TRANSACTIONS
6 Months Ended
Jun. 30, 2026
Related Party Transactions [Abstract]  
RELATED-PARTY TRANSACTIONS

NOTE 14. RELATED-PARTY TRANSACTIONS

 

Gilbert Villarreal, the former president of the Company’s subsidiary, Ayro Operating Company, Inc. (“AYRO Operating”), through GLV Ventures and Electric Power, entities owned and controlled by Mr. Villarreal, has been providing consulting services to the Company in connection with the reengineering of the Company’s Vanish at a rate of $30,000 per month. During the three months ended June 30, 2026, Mr. Villarreal relinquished his role as president of Ayro Operating, and accordingly the Company ceased incurring related-party transactions with his controlled entities as of that time. No related-party transactions occurred during the three months ended June 30, 2026, and no amounts were due to related parties as of June 30, 2026. In addition to the compensation paid to Mr. Villarreal as president of AYRO Operating, see below for related-party incurred expenses and liabilities:

 

Related-Party Incurred Expenses

 

Related Party  Classification  2026   2025 
      Three Months Ended June 30, 
Related Party  Classification  2026   2025 
Electric Power Energy  Research and development  $-   $216,039 
Electric Power Energy  General and administrative   75,000    243,549 
Total     $      75,000   $459,588 

 

Related Party  Classification  2026   2025 
      Six Months Ended June 30, 
Related Party  Classification  2026   2025 
Electric Power Energy  Research and development  $-   $390,204 
Electric Power Energy  General and administrative   200,000    475,294 
Total     $200,000   $865,498 

 

Related-Party Liabilities

 

Related Party  Classification  June 30,
2026
   December 31,
2025
 
Electric Power Energy  Accrued expenses and other current liabilities  $-   $5,000 
Total     $      -   $5,000