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RELATED PARTY TRANSACTIONS
 9 Months Ended
Sep. 30, 2026
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

NOTE 3 – RELATED PARTY TRANSACTIONS

 

Amounts due to related parties at September 30, 2026 and December 31, 2025:

 

   September 30, 2026   December 31, 2025 
Amounts due to a director and Chief Financial Officer (“CFO”) (a)  $100,000   $100,000 
Amounts due to a company controlled by a director and CFO (a,b)   310,000    360,000 
Amounts due to a director and President (a)   5,000    5,000 
Total related party payables  $415,000   $465,000 

 

(a) These amounts are non-interest bearing, unsecured and due on demand.
(b) During the nine months ended September 30, 2026, the Company paid $50,000 on the payable due to a company controlled by a director and CFO.

 

During the three and nine months ended September 30, 2026, the Company incurred $15,000 and $45,000, respectively, in consulting fees to its President and director (2025 - $15,000 and $25,000).

 

Information regarding stock-based compensation with related parties is provided in Note 6 – Stockholders’ Equity.