RELATED PARTY TRANSACTIONS |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| RELATED PARTY TRANSACTIONS | |
| RELATED PARTY TRANSACTIONS | NOTE 9 – RELATED PARTY TRANSACTIONS
From time to time, the Company pays expenses directly on behalf of the joint ventures that it manages and receives funds on behalf of the joint ventures. As of June 30, 2026 and December 31, 2025, the balances due from the joint ventures were $37,558 and $58,195 included in non-current assets.
From time to time, the Company’s CEO paid expenses on behalf of the Company, and the Company funded certain expenses to the CEO. Additionally, the Company received its investments in JV I, JV II and JV III from the CEO. During the six months ended June 30, 2026, the CEO paid $68,260 of expenses on behalf of the Company. As of June 30, 2026 the Company owed $31,266 and as of December 31, 2025, the Company was owed $36,994 by the Company’s CEO directly and to the entities controlled by the CEO.
No member of management has benefited from the transactions with related parties. The above transactions were not arms-length transactions. |