NOTES PAYABLE |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Defined Benefit Plan Disclosure [Line Items] | |
| NOTES PAYABLE | NOTE 3 – NOTES PAYABLE, RELATED PARTY
During 2023, the Company’s Chief Executive Officer made three loans to the Company for aggregate principal amount of $260 pursuant to terms of the note agreements. During 2025, the Company’s Chief Executive Officer made three additional loans to the Company for aggregate principal amount of $330 pursuant to terms of the note agreements. On April 10, 2026, the Company’s Chief Executive Officer made an additional loan to the Company for a principal amount of $150 pursuant to the terms of the note agreement. The notes have relatively similar terms, are unsecured, and accrue interest at 3.5% per annum, except for the note from April 2026 which accrues interest at 18% per annum. As of June 30, 2026, the aggregate outstanding balance of the loans including accrued interest is $771, with $72 due in August 2026, $72 due in September 2026, $102 due in October 2026, $30 due in November, $167 due in March 2027, $154 due in April 2027, and $174 due in May 2027.
|
| Nonrelated Party [Member] | |
| Defined Benefit Plan Disclosure [Line Items] | |
| NOTES PAYABLE |
On December 23 2025, the Company entered into the WWCM Loan Agreement with WWCM, pursuant to which the Company borrowed net proceeds of $399, after deducting fees as outlined in the WWCM Loan Agreement.
The loan amount is $500, with a loan origination fee of $20, providing for an advance amount of $480. The loan is to be paid in 48 weekly payments of $13 with the first six payments paid in advance and deducted from the initial funding. Net proceeds of $399 were received by the Company on December 26, 2025. The total repayment obligation of the Company is $640 resulting in an effective rate of approximately 74%. As of June 30, 2026, the outstanding loan balance was $.
|