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OTHER RELATED PARTY TRANSACTIONS
12 Months Ended
Dec. 31, 2024
Related Party Transactions [Abstract]  
OTHER RELATED PARTY TRANSACTIONS

NOTE 15 – OTHER RELATED PARTY TRANSACTIONS

 

Name of Related Party   Related Relationship
Evan Bloomberg   Principal Executive Officer of the Company, member of the Board of Directors
John D. Murphy Jr.   Former Principal Executive Officer of the Company and former member of the Board of Directors. Managing Member of JMJ Associates, LLC
Paul Strickland   Secretary of the Company, member of the Board of Directors, and Managing Member of Beartooth Asset Holdings, LLC.
Selkirk Global Holdings, LLC   Entity owned by Paul Strickland, the Company’s Secretary, and a member of its Board of Directors.
Green Horseshoe, LLC   Significant shareholder
Bruce Bent   Significant shareholder
OC Sparkle Inc.   Significant shareholder
Alpha Strategies Trading Software, Inc.   Significant debt holder

 

Loans and Cash Advances

 

John D. Murphy, Jr., has at times directly paid for various company expenses. The amount was unsecured, non-interest bearing, and due on demand. On December 5, 2023, the Company issued a Convertible Exchange Note to John Murphy, for the amount due of $144,501. During Q1 2024, $70,000 of the note was assigned to Alpha Strategies.

 

Imputed interest is assessed as an expense to the business operations and an addition to paid in capital. The imputed interest rate is 8%. During the year ended December 31, 2024 and 2023 the imputed interest was $0 and $8,835, respectively.