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SUBSEQUENT EVENTS
9 Months Ended
Sep. 30, 2026
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 10 – SUBSEQUENT EVENTS

 

Between October 1, 2026, and November 10, 2026, the Company issued 200,000 shares of restricted common stock under an individual subscription agreement at a per share price of $0.50 for cash proceeds of $100,000.

 

On October 1, 2026, the Company entered into a Corporate Development Advisory Agreement with an unrelated party to provide general corporate development services. The term of the agreement is six months, and compensation under the agreement consisted solely of the issuance of 250,000 shares of the Company’s common stock.

 

During October 2026, the Company entered into three Convertible Subscription Agreements for the future conversion into shares of the Company’s common stock. Total proceeds received under the agreements were $200,000. The subscription amounts are convertible at any time based on a per share conversion rate of the lower of $0.50 or 70% of the average closing price of the Company’s common stock for the 20 days leading up to the conversion date.

 

On October 30, 2026, the Company entered into an agreement for the purchase and sale of future receivables (October 2026 Merchant Agreement) with a financial institution in exchange for $270,000 in funding. A portion of the proceeds was used to payoff principal and interest owed under a previously outstanding Merchant Agreement with the same lender. The new funding is to be repaid through daily payments representing 6% of future customer payments on receivables until a total of approximately $367,000 is paid resulting in the recording of approximately $97,000 in original issue discount. In connection with the funding, and as additional consideration, the Company issued shares of its common stock to the financial institution in an amount equal to 5% of the new principal.