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SUBSEQUENT EVENTS
3 Months Ended
Mar. 31, 2025
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 7 – SUBSEQUENT EVENTS

 

CQENS negotiated a two-year extension to its 3-year lease. The lease will commence May 1, 2025, and will extend through April 30, 2027 at an initial annual rate of $70,785 paid in monthly instalments. The May 2025 installment is $5,555 with each of the next 11 months installment of $5,930. Annual increases are tied to the U.S. Consumer Price Index of the Bureau of Labor Statistics of the Department of Labor for all Urban Consumers for San Francisco-Oakland-San Jose area.

 

On May 2, 2025, we sold 5,000 shares of our common stock for $100,000 in a private transaction. We did not pay commissions or finder’s fees and are using the proceeds for working capital.