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DEFERRED INCOME
12 Months Ended
Dec. 31, 2024
Revenue Recognition and Deferred Revenue [Abstract]  
DEFERRED INCOME

NOTE 7 – DEFERRED INCOME

 

During the first Quarter of fiscal year 2023, the Company signed a Partnership Agreement that called for the payment by the Company’s contractual partner of an amount of $500,000 as a condition precedent to the entry into force of the said agreement. This payment was to secure for the benefit of the partnership, the rights to use iTDE Technology for the extraction of lithium in Bolivia. The income was recorded in the financial statements as deferred revenue, however, there is no expectation that the amount received will be repaid since it is expended for the use of the Company’s intellectual property. As of December 31, 2024, the $500,000 remains deferred income.