RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2024

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

NOTE 8 - RELATED PARTY TRANSACTIONS

The Company has a related party investment and note receivable, as further detailed in Note 4.

During the year ended December 31, 2023, the debt and accrued interest balance owed to a former officer of the Company totaling $872,000 was converted into 2,699 common shares.

During the year ended December 31, 2023, debt and accrued interest owed to a former officer of Boston Solar of $336,258 was converted into 3,363 common shares.

As of December 31, 2023, the Company’s Chief Executive Officer ("CEO") and an officer of a subsidiary had advances to the Company of $12,086 and $10,570, respectively. As of December 31, 2024, the CEO and an officer of a subsidiary had advances to the Company of $nil and $3,074, respectively.

As of December 31, 2024, an officer of a subsidiary had advances to the Company totaling $75,000.

During the year ended December 31, 2024, the Company recorded an impairment of a note receivable from the Company’s Chief Financial Officer (“CFO”) totaling $20,000.

During the year ended December 31, 2024, the Company recorded an impairment of a note receivable from a former subsidiary totaling $63,456.

On January 4, 2023, the Company issued 5 shares of common stock to a board member of the Company in exchange for conversion of 200,000 shares of Class A Preferred Stock.

On February 9, 2023, the Company issued 6 shares of common stock to the family member of a former officer in exchange for conversion of 236,000 shares of Class A Preferred Stock.

On April 17, 2023, the Company issued 522 shares of common stock to a former officer and related family members in exchange for conversion of 27,118,665 shares of Class A Preferred Stock.

On April 17, 2023, the Company issued 372 shares and 234 shares of common stock to the Chief Executive Officer and Chief Financial Officer, respectively, in exchange for conversion of 19,363,285 shares and 12,175,000 shares of Class A Preferred Stock, respectively.

On April 17, 2023, the Company issued 203 shares of common stock to a member of the board of directors in exchange for 10,571,000 shares of Class A Preferred Stock.