v3.26.1
RELATED PARTY TRANSACTIONS
6 Months Ended
Jun. 30, 2026
RELATED PARTY TRANSACTIONS  
RELATED PARTY TRANSACTIONS

(4)          RELATED PARTY TRANSACTIONS

Under terms of the debt with its majority stockholder (See Note 3), the Company has recorded accrued interest of approximately $510,000 as of June 30, 2026 and approximately $460,000 as of December 31, 2025. The Company has also recorded interest expense of approximately $25,000 and $23,000 for the three months ended June 30, 2026 and 2025 and $50,000 and $45,000 for the six months ended June 30, 2026 and 2025, respectively.