RELATED PARTY TRANSACTIONS

3 Months Ended

Mar. 31, 2025

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

NOTE 4 – RELATED PARTY TRANSACTIONS

We maintain our corporate offices at 5550 Nicollet Avenue, Minneapolis, MN 55419. We lease the premises on a month-to-month basis from 5550 Nicollet LLC, a company owned by Mr. Chong. Rent for the first quarter of 2025 was $2,400 and rent was $2,325 in the first quarter of 2024. As of March 31, 2025, there was no outstanding balance.

In the first quarter of 2025, the Company did not borrow money from Xten Capital Group, a common control entity, while in the first quarter of 2024, the Company borrowed $100,000. The balance of the loan on March 31, 2025 is $1,000,000. The loan is due upon demand and is non-interest bearing.

In the first quarter of 2025, Liu Mei Chong loaned CQENS Electronics (Hong Kong) Limited (CEL) $60,612 to fund operations. In the first quarter of 2024 she loaned CEL $2,037 to fund operations. At March 31, 2025, the loan balance is $77,326. The loan is due upon demand and is non-interest bearing.

In the first three months of 2025 we secured the services of Plexus International, a common control entity, to provide consulting services to assist in creating and implementing our Quality Management System (QMS). The fees and expenses incurred for the QMS consulting services in the first quarter of 2025 were $38,600.