v3.26.1
Related Party Transactions
6 Months Ended
Jun. 30, 2026
Related Party Transactions [Abstract]  
Related Party Transactions [Text Block]

5. Related Party Transactions

Board of Directors Compensation

The Company paid its Board of Directors a total of $63,000 during the six months ended June 30, 2026, consisting of $21,000 related to amounts accrued as of December 31, 2025 and $42,000 for services provided during the six months ended June 30, 2026.

Deferred Compensation

As of June 30, 2026, and December 31, 2025, the balances of the total deferred compensation for the officers, are as follows, Eric Jones, President and Chief Executive Officer: $469,500; Jim Collord, Technical Advisor: $420,000; Larry Thackery, former Chief Financial Officer: $215,125. The total deferred compensation for these officers at June 30, 2026 and December 31, 2025 was $1,104,625.