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NOTES PAYABLE - OFFICERS
12 Months Ended
Dec. 31, 2024
Notes Payable - Officers  
NOTES PAYABLE - OFFICERS

NOTE 4 – NOTES PAYABLE - OFFICERS

 

During the year ended December 31, 2024, the Company entered into note payable agreements with three of its officers in the aggregate total of $142. The notes accrued interest at 7.5% per annum, were unsecured and were due one year from the date of issuance. During the year ended December 31, 2024, the principal of $142 and accrued interest of $3 were repaid. In connection with the loans, the Company issued the officers 36,270 shares of the Company’s common stock. The Company valued the shares on the date of grant to be $89 (see Note 6). The value of the shares was recorded in general and administrative expenses during the year ended December 31, 2024.

 

No amounts were owed to the officers as of December 31, 2024.