Related Party

12 Months Ended

Dec. 31, 2024

Related Party Transactions [Abstract]

Related Party

Note 8 Related Party

On March 1, 2022, the Company issued a warrant to Warren Zenna, a member of our Board of Directors at the time, to purchase up to 500,000 shares of our Common Stock at $0.025 per share at any time beginning September 1, 2022 and ending September 1, 2026. Using Black-Scholes, we estimated the value of such warrant to be approximately $7,641.

In February 2021, the Company entered into consulting agreements with GreenRock LLC to provide us with chief executive officer services. Mr. Falcone is the managing member of GreenRock LLC and was our former Chief Executive Officer until November 2023. Effective January 1, 2022, the Company entered into another management consulting agreement with GreenRock LLC, for a period of one year ending December 31, 2022, under which we provided monthly remuneration of $35,000, plus expenses in connection with his duties, responsibilities and performance as chief executive officer. In the years ended December 31, 2024 and 2023, the Company incurred fees to GreenRock LLC $Nil and $70,000 respectively.

As at year ended December 31, 2024, an amount of $394,617 was due to principal shareholder. This amount was received to support the Company's working capital requirement, and it is unsecured, non-interest bearing and payable on demand.