Related Party Transactions |
9 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions | Note 3 – Related Party Transactions
During the three and nine months ended June 30, 2026, the Company incurred compensation expense of $30,000 and $90,000 for services provided by the sole officer which are recorded in general and administrative expenses in the accompanying consolidated statements of operations. As of June 30, 2026, $170,000 was owed to the sole officer for services provided. As of June 30, 2026, the Company has accrued a total of $17,436 in reimbursable expenses owed to the sole officer which are included in accrued expenses – related parties on the accompanying consolidated balance sheets.
During the three and nine months ended June 30, 2026, the Company accrued fees of $5,000 and $15,000 for services provided by its directors. As of June 30, 2026, the Company has accrued a total of $42,500 in fees for services provided by its directors which are included in accrued expenses – related parties on the accompanying consolidated balance sheets.
During the nine months ended June 30, 2026, the Company granted 2,000,000 shares of its common stock to the sole officer as compensation for services performed with a fair value of $48,800.
The transactions described above involve compensation and reimbursable expenses provided to members of management. These transactions may not have been conducted on an arms-length basis.
|