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SUBSEQUENT EVENTS
3 Months Ended
Mar. 31, 2026
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 6 – SUBSEQUENT EVENTS

 

On April 23, 2026, the Company received a letter from counsel representing ForHumanity Health, Inc. (“FHH”) alleging, inter alia, that the Company made intentional false representations and fraudulent misrepresentations that FHH relied upon to enter into the March 12, 2025, Product Fulfillment and Distribution Agreement (“Agreement”) between the Company and FHH. The letter provides notice to the Company of FHH’s intention to terminate and rescind the Agreement. FHH additionally alleges that it has suffered damages in excess of $20,000,000 and FHH has demanded a payment of $2,000,000 within 10 days of the date of the letter in full and final settlement of its alleged claims. The Company believes FHH’s claims are without merit. The Company believes that FHH is in breach of its financial obligations to the Company as of the date this filing and intends to issue a Notice of Default if the parties are unable to timely resolve the matter.

 

On May 12, 2026, the Company and Terrence Tierney executed the First Amendment to the Executive Employment Agreement dated September 15, 2025.

 

On May 15, 2026, pursuant to the terms of the Series A Convertible Preferred Stock Designation the Company issued dividends to CWR 1, LLC in the amount of $35,213 consisting of $35,000 of PIK dividends equal to an additional seven (7) shares of Series A Convertible Preferred Stock and $213.00 in cash. Also on May 15, 2026, the Company issued dividends to Reprise Management, Inc. in the amount of $23,476 consisting of $20,000 of PIK dividends equal to an additional four (4) shares of Series A Convertible Preferred Stock and $3,476 in cash.