Related party transactions |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Related party transactions | |
| Related party transactions | 11. Related party transactions
During the six months ended June 30, 2026, the Company’s CEO provided advances totaling $3,117 to the Company, of which $3,043 has been repaid. The advances are due on demand and bear no interest. As of June 30, 2026, the balance of the advance is $75.
As of June 30, 2026 and December 31, 2025, the Company has an accrued compensation balance to related parties in the amount of $805,298 and $996,198, respectively. As of June 30, 2026, $190,900 was reclassified to accrued compensation, non-related parties, as the party is no longer an officer or board member.
On April 20, 2026, the Company entered into Accrued Salary Reduction Agreements with two employees, pursuant to which the employees forgave $447,156 in accrued compensation owed by the Company, thereby reducing the Company’s outstanding liabilities. However, these agreements are contingent upon the closing of the Aethereum acquisition. |