v3.26.1
Short-Term Debt
6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Short-Term Debt

Note 5. Short-Term Debt

 

The following table represents the details of the short-term debts at June 30, 2026 and December 31, 2025:

                  
Issuance date    Maturity   Interest Rate  06.30.2026   12.31.2025 
October 2, 2019    October 1, 2020   1% per month  $10,000   $10,000 
January 15, 2020    January 15, 2021   1% per month   22,000    22,000 
April 16, 2020    April 15, 2021   1% per month   13,500    13,500 
July 2, 2020    July 1, 2021   1% per month   18,500    18,500 
October 23, 2020    October 22, 2021   1% per month   6,500    6,500 
January 5, 2021    January 15, 2022   1% per month   22,500    22,500 
March 10, 2021    March 10, 2022   1% per month   20,000    20,000 
July 13, 2021    July 13,2022   1% per month   16,500    16,500 
December 14, 2021    December 14, 2022   1% per month   25,000    25,000 
            $154,500   $154,500 

 

According to the loan agreements, there is not any additional interest and penalty for the loans passing maturity date.

 

During the six months ended June 30, 2026 and 2025, the Company recorded interest expense and accrued interest of $9,270 and $9,270, respectively and is included in interest expense in the consolidated statements of operations.