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GAIN ON SETTLEMENT OF ACCOUNTS PAYABLE
12 Months Ended
Dec. 31, 2024
Gain On Settlement Of Accounts Payable  
GAIN ON SETTLEMENT OF ACCOUNTS PAYABLE

NOTE 9 – GAIN ON SETTLEMENT OF ACCOUNTS PAYABLE

 

On October 17, 2024, the Company entered into a Settlement Agreement with the Company’s former outside legal counsel. In connection with the agreement, the law firm agreed to settle the amount the Company owed them, which totaled $749, in exchange for a payment of $150. This resulted in a gain of $599 for the Company. In October 2024, the Company made the $150 payment to the law firm. As of December 31, 2024, no amounts were owed to the law firm.