NOTE 7– LOAN PAYABLE

In April 2026, the Company entered into premium finance agreement to pay Director and Officer insurance. The loan repayment is $21,761 per month for ten (10) months, beginning May 2026, with an interest rate of 8.50% per annum.

In November 2025, the Company entered into premium finance agreement to pay Director and Officer insurance. The loan repayment is $21,132 per month for ten (10) months, beginning December 2025, with an interest rate of 6.99% per annum. During the six months ended June 30, 2026, the Company paid the remaining balance and terminated the contract.

In November 2024, the Company entered into premium finance agreement to pay Director and Officer insurance. The loan repayment is $20,389 per month for ten (10) months, beginning December 2024, with an interest rate of 8.99% per annum. This was fully repaid during 2025.

The Company repaid $226,921 and $116,551, respectively, for the six months ended June 30, 2026 and 2025. As of June 30, 2026 and December 31, 2025, the Company recorded loan payable of $168,670 and $183,706, respectively.