Related Party Transactions |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions | Note 13 – Related Party Transactions
The Company leases its current facilities month-to-month from Gold Team Inc., a company principally owned by the Company’s CEO, which owns both Canoga Park, CA and Milford, Ohio locations. Rent expense for the three months ended March 31, 2026, and 2025 was $18,000 and $0, respectively. As of March 31, 2026, and March 31, 2025, amounts payable to Gold Team Inc. in connection with the above leases was $0. (See Note 8).
During the three months ending March 31, 2026, the Company received an aggregate of $5,231 in on demand, non-interest loans from its CFO. (See Note 6)
On December 1, 2025, the Board of Directors approved monthly salaries to its Chief Executive Officer and Chief Financial Officer for $4,000 and $2,000, respectively. Salaries will be accrued, beginning on January 1, 2026, but not be paid until future authorization by the Board. As of March 31, 2026, and March 31, 2025, the Company had accrued compensation payable to its CEO of $31,000 and $13,000, respectively.
On September 30, 2025, the Company’s CEO converted a $300,000 note payable into 300 Series A Convertible Preferred stock of the Company. (See Note 9)
On September 30, 2025, Gold Team Inc., a company principally owned by the Company’s CEO, converted a $350,000 note payable into 350 Series A Convertible Preferred stock of the Company. (See Note 9) |