RELATED PARTY TRANSACTIONS |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| RELATED PARTY TRANSACTIONS | |
| RELATED PARTY TRANSACTIONS | 8. RELATED PARTY TRANSACTIONS
Due to related party
As of June 30, 2026, the Company recorded due to a related party of $2,978 for the payment of operating expenses on behalf of the Company. This amount is non-interest bearing and due on demand.
Employee agreements
In May 2024, the Company entered into an employment agreement as our chief executive officer. The Company agrees to pay a salary of $300,000 per annum. During the six months ended June 30, 2026 and 2025, the Company recorded payroll expense of $150,000 and the Company issued 117,178 and 18,955 shares of Series D Preferred Stock for payroll, respectively.
In May 2024, the Company entered into an employment agreement as our director. The Company agrees to pay a salary of $5,000 per month. During the six months ended June 30, 2026 and 2025, the Company recorded payroll expense of $30,000, and the Company issued 23,440 and 3,791 shares of Series D Preferred Stock for payroll, respectively.
In January 2025, the Company entered into an employment agreement as our director. The Company agrees to pay a salary of $5,000 per month. During the six months ended June 30, 2026 and 2025, the Company recorded payroll expense of $30,000 and the Company issued 23,440 and 2,842 shares of Series D Preferred Stock for payroll, respectively. |