RELATED PARTY TRANSACTIONS

3 Months Ended

Mar. 31, 2026

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

NOTE 3 - RELATED PARTY TRANSACTIONS

Accounts Payable and Accrued Expenses related party and Notes Payable related party

For the three months ended March 31, 2026 and the year ended December 31, 2025, the Company had $0 and $0, respectively, in consulting expense to “I Know a Dude, Inc.” owned by Laya Clark. Mr. Clark is a member of our Board of Directors. As of March 31, 2026 and December 31, 2025, we had an outstanding balance due of $122,922 and $122,922, which is included in accounts payable and accrued expenses related party.

For the three months ended March 31, 2026 and the year ended December 31, 2025, the Company incurred $2,000 and $2,000, respectively, for un-reimbursed business expenses. As of June 30, 2026 and December 31, 2025, The Company also had an outstanding balance due to Joey Firestone of $0 and $0, respectively, for consulting services, and $94,450 and $42,762 for salary, respectively, which is included in accounts payable and accrued expenses related party. During the year ended December 31, 2025, the Company issued Mr. Firestone 2,000,000 common shares valued at $0.10 per share for the conversion of $200,000 in salary originally recorded in the accounts payable and accrued expenses related party account. In addition, Mr. Firestone forgave a debt recorded in the accounts payable and accrued expenses related party account totaling $19,009 which was reflected in the additional paid in capital account.

One February 1, 2021 the Company renewed the employment agreement with Joey Firestone with milestone performance bonuses in shares of restricted 144 stock.

On January 1, 2021, the Company entered into a royalty free trademark licensing agreement between Elite Beverage International Corp. and its subsidiary BYLT Performance LLC in consideration for 5,000,000 (valued at par $0.0001 per share) shares to be issued in the amount of $500 which were issued April 29, 2021.

On May 6, 2022, the Company entered into a lease agreement with its CEO, Joey Firestone, for three cargo vans to be used for delivery and distribution of its products. Mr. Firestone is the guarantor of these vehicles, which he acquired for the sole purpose of the operations of Elite Beverage International. Total initial payments for all three vehicles were $19,000. Each vehicle has a purchase option upon the completion of the lease agreement. See Note 4 for additional details.