RELATED PARTY TRANSACTIONS |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Related Party Transactions [Abstract] | |
| RELATED PARTY TRANSACTIONS | NOTE 9 - RELATED PARTY TRANSACTIONS
During the three months ended March 31, 2025, the Company received a total of $150,000 in proceeds from shareholders and repaid $55,500 of principal and $276 of accrued interest. During the six months ended June 30, 2026, the Company received a total of $9,000 in proceeds from shareholders. The advances are unsecured, due on demand and have stated interests ranging from 10% to 12% per annum. As of June 30, 2026 and December 31, 2025, the balance owed on the advances from shareholders was $176,500 and $167,500, respectively. See Note 6 above.
On April 15, 2026, the Company entered into three convertible notes, two with members of the Board of Directors, and one with a family member of a Director, for an aggregate principal amount of $145,000 (the “Convertible Notes”). The Company received cash proceeds of $115,000 and settled $30,000 of accounts payable owed to a Director. The Convertible Notes bear interest at 20% per annum, payable at maturity on October 15, 2026 and are convertible beginning on the three month anniversary of issuance into common stock of the Company at a fixed price of $0.10 per share.
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