XML 76 R15.htm IDEA: XBRL DOCUMENT v3.26.1
RELATED PARTY TRANSACTIONS
3 Months Ended
Mar. 31, 2026
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

NOTE 9 – RELATED PARTY TRANSACTIONS

 

Three Month Period Ended March 31, 2026:

 

See Note 5 convertible notes payable.

 

Three Month Period Ended March 31, 2025:

 

None.

Other Related Party Transactions

 

The Company has an informal consulting agreement with a person who is related to its CEO to provide general business consulting services including periodically assessing the Company’s business and advising management with respect to business strategy on an ongoing basis, commenting on proposed corporate decisions, perform period background research including background checks and provide investigative information on individuals and companies and to assist, when needed, as an administrative specialist to perform various administrative duties and clerical services including reviewing the Company’s agreements. The consultant provides the services under the direction and supervision of the Company’s CEO. During the three month periods ended March 31, 2026 and 2025, the Company paid the related party consulting fees $0 and $12,000 for services rendered. These fees are recorded as an expense in consulting and contractor expenses in the accompanying unaudited condensed consolidated statements of operations. At March 31, 2026 and December 31, 2025, the Company owed the related party limited liability company $2,500.

 

The Company has an ongoing agreement with a limited liability company that is owned and controlled by a person who is related to the Company’s CEO to provide stock transfer agency services. During the three month periods ended March 31, 2026 and 2025, the Company paid the related party limited liability company fees of $6,200 and $3,386, respectively, for services rendered. These fees are recorded as an expense in general and administrative expenses in the accompanying unaudited condensed consolidated statements of operations. At March 31, 2026 and December 31, 2025, the Company owed the related party limited liability company $13,868 and $7,668, respectively. 

 

Related Party Transactions

 

The Company’s related party transactions are not necessarily indicative of the terms that would normally be agreeable to non related third parties.

 

Shareholder Loans

 

See Note 5 convertible notes payable – related parties, convertible notes payable – related parties, in default, and notes payable - related parties, in default.

 

At March 31, 2026, the following promissory notes and shareholder loans were outstanding to related parties:

 

See Note 5 convertible notes payable – related parties, convertible notes payable – related parties, in default, and notes payable - related parties, in default.