RELATED PARTY TRANSACTIONS |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Related Party Transactions [Abstract] | |
| RELATED PARTY TRANSACTIONS | NOTE 9 – RELATED PARTY TRANSACTIONS
During the six month periods ended June 30, 2026 and 2025, the Company has had dealings with related parties including the following:
Six Month Period Ended June 30, 2026
None.
Six Month Period Ended June 30, 2025
None.
Other Related Party Transactions
The Company has an informal consulting agreement with a limited liability company that is owned and controlled by a person who is related to its CEO to provide general business consulting services including periodically assessing the Company’s business and advising management with respect to business strategy on an ongoing basis, commenting on proposed corporate decisions, perform period background research including background checks and provide investigative information on individuals and companies and to assist, when needed, as an administrative specialist to perform various administrative duties and clerical services including reviewing the Company’s agreements. The consultant provides the services under the direction and supervision of the Company’s CEO. During the six month periods ended June 30, 2026 and 2025, the Company paid the related party limited liability company consulting fees $46,000 and $30,000 for services rendered. During the three month periods ended June 30, 2026 and 2025, the Company paid the related party limited liability company consulting fees of $18,000 and $15,000, respectively, for services rendered. These fees are recorded as an expense in consulting and contractor expenses in the accompanying unaudited condensed consolidated statements of operations. At June 30, 2026 and December 31, 2025, the Company owed the related party limited liability company $5,500 and $2,500, respectively.
The Company has an ongoing agreement with a limited liability company that is owned and controlled by a person who is related to the Company’s CEO to provide stock transfer agency services. During the six month periods ended June 30, 2026 and 2025, the Company paid the related party limited liability company fees of $0 and $4,686, respectively, for services rendered. During the three month periods ended June 30, 2026 and 2025, the Company paid the related party limited liability company consulting fees of $0 and $1,300, respectively, for services rendered. These fees are recorded as an expense in general and administrative expenses in the accompanying condensed consolidated statements of operations. At June 30, 2026 and December 31, 2025, the Company owed the related party limited liability company $17,918 and $7,668, respectively.
Related Party Transactions
The Company’s related party transactions are not necessarily indicative of the terms that would not normally be agreeable to non related third parties.
Shareholder Loan
See Note 5 convertible notes payable and notes payable.
At June 30, 2026, the following promissory notes and shareholder loans were outstanding to related parties:
See Note 5 convertible notes payable and notes payable. |