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.