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Related Party Transactions
12 Months Ended
Dec. 31, 2024
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

NOTE 8- RELATED PARTY TRANSACTIONS

 

Accounts Payable

 

During the years ended December 31, 2024 and 2023 the Chief Financial Officer provided to the Company $20,592

and $11,740, respectively, for the payment of operating expenses, bringing the total funds he has provided the company to $66,231. A director of the company also provided $478 for operating expenses during 2023. The total payable to officers and directors at December 31, 2024 is $66,710.

 

Employment Agreements

 

Mr. Hayde and Mr. Merrell have received employment agreements. The agreements provide for no compensation until such time as a major funding event has been finalized, at which time the rate of compensation will be established by the Board of Directors.

 

Stock Grant

 

On November 7, 2023 the Company approved the issuance of 2,200,000 shares of restricted common stock to its officers in recognition of services performed, for which they had received no monetary renumeration. Of the shares issued, the President/CEO and Chief Financial Officer received 1,000,000 shares each and 200,000 shares were issued to the former President/CEO.