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SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2026
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 10 – SUBSEQUENT EVENTS

 

Between July 1, 2026, and August 4, 2026, the Company issued a total of 440,000 shares of restricted common stock under four individual subscription agreements at a per share price of $0.50 for total cash proceeds of $220,000.

 

On July 6, 2026, the Company entered into an agreement for the purchase and sale of future receivables (July 2026 Merchant Agreement) with a financial institution in exchange for $300,000 in funding. A portion of the proceeds was applied to outstanding principal and interest owed under a separate Merchant Agreement in full settlement of that obligation. The new funding is to be repaid through daily payments representing 8% of future customer payments on receivables until a total of approximately $408,000 is paid. In connection with the funding, and as additional consideration, the Company issued 8,093 shares of its common stock to the financial institution in an amount equal to 5% of the new principal, or $6,223.

 

On July 17, 2026, $40,000 of principal outstanding under the January 2026 Note, as discussed above in Note 4, was converted into 80,000 of common stock at a conversion rate of $0.50 per share.

 

On August 12 2026, the Company entered into a Consulting Services Agreement with an unrelated consultant. The consultant is to provide general business development services for a term of six months from the date of the agreement. Compensation under the agreement consisted of the issuance of 1,200,000 shares of the Company’s restricted common stock and warrants to purchase 1,500,000 shares of restricted common stock over a three year period at an exercise price of $0.50 per share.