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SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2025
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 18 — SUBSEQUENT EVENTS

 

In accordance with ASC 855-10, Subsequent Events, management evaluated subsequent events through the date the financial statements were issued. Management identified the following material subsequent events requiring disclosure in these unaudited financial statements.

 

On July 8, 2025, the Company entered into a 1 year, 6% $50,000 convertible note with Nicosel, LLC. On August 25, 2025, the board of directors determined that it was necessary to revise that Note and increase the face value amount to $100,000.

 

On July 17, 2025, the Company entered into a 1 year, 6% $50,000 convertible note with Selkirk Global Holdings, LLC.

 

On July 8, 2021, the Company entered into a 1 year, 6% $26,381 convertible note with Wonderland Asset Management, LLC (Wonderland). On July 22, 2025, Wonderland converted all of that note into 239,827 shares of restricted common stock pursuant to the terms of the note.

 

On July 21, 2025, John D. Murphy, Jr. retired $74,501 of debt by converting 1,275,702 shares of common stock pursuant to the terms of the December 5, 2023 note.

 

On August 5, 2025, Nicosel, LLC retired $103,986 of debt by converting into 611,682 shares of common stock pursuant to the terms of the May 30, 2025 note.

 

On August 5, 2025, Nicosel, LLC retired $3,684 of debt by converting into 21,671 shares of common stock pursuant to the terms of the May 14, 2025 note.

 

On August 5, 2025, Nicosel, LLC retired $146,799 of debt by converting into 1,346,780 shares of common stock pursuant to the terms of the November 30, 2020 3a10 stipulated settlement.

 

On August 7, 2025, Paul Strickland, the Company’s sole director and officer, retired $7,119 of debt by converting into 83,753 shares of common stock pursuant to the terms of the December 12, 2023 convertible exchange note.

 

On August 12, 2025, Selkirk retired $75,309 of debt by converting into 941,363 shares of common stock pursuant to the terms of the October 6, 2022 note.

 

On August 12, 2025, Selkirk retired $32,163 of debt by converting into 402,038 shares of common stock pursuant to the terms of the June 5, 2023 note.

 

On August 14, 2025, the Company entered into a Settlement and Release Agreement with a vendor for $5,481. The amount was paid by Selkirk and added to the July 17, 2025 note payable.