Related Party Transactions

3 Months Ended

Mar. 31, 2025

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

13 RELATED PARTY TRANSACTIONS

The following transactions were entered into with related parties:

William Corbett

In terms of an employment agreement entered into on January 7, 2025, with Mr. Corbett, which is for a term expiring on December 31, 2025 at a base salary of $20,000 per month, Mr. Corbett was awarded ten year options exercisable for 600,000 shares of common stock at an exercise price of $0.09 per share. With the resignation of Mr. Rosenblum, disclosed below, Mr. Corbett assumed the role of Chief Executive Officer, Chief Financial Officer and President of the Company.

The option expense for options still vesting for Mr. Corbett was $17,815 and $66,587 for the three months ended March 31, 2025 and 2024, respectively.

As of March 31, 2025 and December 31, 2024, the company owed Mr. Corbett $5,106 and $0, respectively. Mr. Corbett paid certain operating expenses on behalf of the Company. 

Richard Rosenblum

An option expense for options still vesting for Mr. Rosenblum was $0 and $27,877 for the three months ended March 31, 2025 and 2024, respectively.

Mr. Rosenblum resigned all his positions with the Company with effect from January 7, 2025.