Note Payable - Related Party

12 Months Ended

Dec. 31, 2024

NOTE PAYABLE RELATED PARTY [Abstract]

Note Payable - Related Party

Note Payable – Related Party

The Company entered into a note payable – related party as follows as of December 31:

	2024		2023
Note payable at 5% due March 31, 2026, in connection with the acquisition of SSI	$	400,000	$	400,000

Interest expense for the years ended December 31, 2024, 2023, and 2022 was $20,000.

On February 16, 2024, the Company entered into a letter agreement to (i) extend the maturity date from December 31, 2024 to August 1, 2025 and (ii) require subsequent monthly principal payments of $50,000 for eight months commencing on the maturity date, with the final payment by March 31, 2026. All other terms of the note payable remain unchanged. As a result, $250,000 is reflected in current liabilities and the remaining balance is reflected in non-current liabilities.