RELATED PARTY TRANSACTIONS

3 Months Ended

Mar. 31, 2025

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

NOTE 8 – RELATED PARTY TRANSACTIONS

Notes payable – related party

On March 31, 2025 and December 31, 2024, $201,446 (comprising of $199,937 of advances and $1,509 of interest) and $0, respectively was due to Emil Assentato, the Company's Chief Executive. During the three months ended March 31, 2025, the Company issued advances for $199,937 for expenses paid on behalf of the Company and advances due to related party were repaid by the Company with $0 in cash. This note payable – related party earns interest at 8% per annum, is unsecured and is due on demand.

During the three months ended March 31, 2024, the Company issued advances due to Nadav Elituv, the former CEO of the Company, for $24,255 for expenses paid on behalf of the Company and advances due to related party were repaid by the Company with $4,422 in cash. In addition, the Company accrued salary of $203,172 due to Nadav Elituv, for services provided during the three months ended March 31, 2024. On February 26, 2024, the Company issued common stock to settle due to related party with a carrying value of $296,000 (Note 10).

Employment Agreements

On March 17, 2024, the Company executed an employment agreement for the period from January 1, 2024 to December 31, 2024 with Nadav Elituv, the former Chief Executive Officer of the Company whereby the Company shall pay an annual salary of $600,000 from available funds.

On January 1, 2024, entered into a consulting agreement to pay 2130555 Ontario Limited, a Company controlled by Nadav Elituv, a monthly consulting fee of CAD $24,000 per month for services for the period from January 1, 2024 to December 31, 2024.

On March 31, 2025, the Company recorded accrued liabilities – related parties a total of $55,000 for services provided by the Chief Executive Officer, chief Financial Officer and a Director.