Related Parties Transactions

12 Months Ended

Dec. 31, 2024

Related Party Transactions [Abstract]

Related Parties Transactions

5. Related Parties Transactions

Due to Related Parties

Amounts owed to related parties as of December 31, 2024, and 2023 are as follows:

	December 31, 2024		December 31, 2023
Joe Grimes	$	151,061	$	151,061
Sanjay Prasad		7,289		7,289
Don Smith		39,000		39,000
KeptPrivate.com		16,000		16,000
	$	213,350	$	213,350

Mr. Grimes was the CEO and Director, as well as our largest shareholder until February 2025.

Mr. Prasad, one of our directors, has made various patent filings for our Company in recent years, the amounts of which have been recorded in Patents, net on the accompanying Balance Sheet.

Mr. Smith was our CFO and is a party to an employment agreement dated November 17, 2021, as amended, with our Company, under which Mr. Smith is to receive monthly cash payments of $3,500.

Mr. Steven Ritacco, the Director of our Company, owns KeptPrivate.com. His company provides services related to the development of our digital transportation enablement and enhancement platform, the costs of which are included in Software and Equipment, net, on the accompanying Balance Sheet. The amount charged by KeptPrivate.com, $16,000, was unpaid and recorded as a general and administrative expense.

Amounts due to related parties bear no interest, are unsecured, and are repayable on demand. Imputed interest on amounts owed is immaterial.