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COMMITMENTS
6 Months Ended
Jun. 30, 2026
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS

NOTE 10 – COMMITMENTS

 

Deposits

 

On July 14, 2025, the Company entered into a definitive agreement with More Capital Ltd. The purpose of the definitive agreement is to incorporate a new holding company to operate a confection brand and operating company. The definitive agreement includes conditions precedent for the Company to issue 40,000,000 shares of its common stock to More Capital Ltd. and for the Company to transfer $65,000 of cash to More Capital Ltd. As of the date of these financial statements, the shares have not been issued and the cash has not been paid pursuant to the terms of this agreement.

 

On July 28, 2025, the Company entered into a definitive agreement with More Money Ltd. The definitive agreement provides that More Money Ltd. will receive 110,000,000 shares of the Company’s common stock and the Company will transfer $200,000 of cash to More Money Ltd. The CEO transferred 110,000,000 personal shares to satisfy the equity portion of the consideration, and the Company advanced $90,992 ($120,000 cash advanced by the Company less repayment from More Money Ltd. of 29,008) and $60,000 in cash at June 30, 2026 and December 31, 2025, respectively. As the full amount of cash due has not yet been transferred, the $90,992 and $60,000 is recorded as a deposit on the consolidated balance sheet at June 30, 2026 and December 31, 2025, respectively.

Deposit on Pending IP License Acquisition

On January 23, 2026, the Company entered into an agreement with OnGraph Technologies Limited and/or its affiliates, including DailyLove (collectively “DailyLove”) whereby DailyLove agreed to provide the Company with (i) a license in 100% of the intellectual property (including all software, source code, data, models and documentation) assets related to the AI dating platform (DAILYLOVE.AI) (the” IP Assets”) and (ii) issue a certain number of shares of common stock of DailyLove, all pursuant to terms and conditions of this agreement (“Equity Contingency Consideration”).

In consideration of the IP Assets the Company agreed to pay to DailyLove $500,000 in cash in three installments as follows (i) $125,000 on January 23, 2026 (ii) $125,000 on February 5, 2026 and (iii) $250,000 on February 28, 2026. Upon payment of each installment of cash consideration the Company will receive Equity Contingency Consideration as follows (i) upon payment of the first installment, 2.25% of the total issued and outstanding shares of DailyLove (“DL Shares”) (ii) upon payment of the second installment, 2.25% of the total issued and outstanding DL Shares and (iii) upon payment of the third installment, 4.5% of the total issued and outstanding DL Shares. As of June 30, 2026, the Company recorded Deposits of $261,887 on the balance sheet comprising cash paid to DailyLove of $250,000 and an introductory fee of $11,887 paid to a consultant. None of the Equity Contingency Consideration has been received and the final cash installment of $250,000 has not yet been paid as of the date of these financial statements. Once the terms of the agreement have been fulfilled, we expect to report this transaction as a cost method investment.