RELATED PARTY TRANSACTIONS

6 Months Ended

Jun. 30, 2025

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

NOTE 4 – RELATED PARTY TRANSACTIONS

In the six months ended June 30, 2025, the amount due to Mr. Rechtman is $23,896, whereas the amount due by Mr. Rechtman to the Company in the year ended December 31, 2024 was $337. Funds are advanced by Mr. Rechtman to support the company when necessary.

In the six months ended June 30, 2025 and 2024 compensation to Mr. Rechtman was $72,000 and $0 respectively.

On July 27^th, 2021 Palisades purchased the assets of Landmark LLC from CorpTech Holding Inc. Mr. Rechtman - our CEO, owns 75% of our Company as well as 90% of CorpTech Holding Inc., while CorpTech owns 25% of our Company. Palisades paid for this purchase as follows: 25,000,000 shares of Palisades shares and $300,000 promissory Note with terms including no payments for 5 years, $5,000 monthly payments for additional 5 years and a balloon payment at the end of the 10 years for all remaining balance. Palisades may prepay the note with no penalty at any time.

The due date of this note is July 31, 2031. The interest rate of the non-convertible note is 0.5%. The Company used the stated rate of 9.5% as imputed interest rate, which was $7,125 and $7,125 for the quarter ended June 30, 2025, and quarter ended June 30, 2024, respectively. As of June 30, 2025, and 2024, the balance of the debt was $300,000.

On February 2, 2023, the Company entered into a Service Level Agreement with CorpTech Holding where CorpTech will provide the Company with technical support and hosting of servers. The Company is paying CorpTech $2,500 a month for these services. In the six month period ended June 30, 2025, the Company incurred $15,000 of expenses related to this agreement and $15,000 for the six months ended June 30, 2024. The specifics of this Service Level Agreement are detailed in the agreement attached to this document.

RELATED PARTY NOTE AND INTEREST 

Corptech Holdings, Inc.	Issuance Date	Maturity date	Amount		Interest Rate
DETAIL	27-Jul-21	25-Jul-31		300,000		0.50%
Imputed interest addition						9.50%
Total Interest						10%

	Note		Interest		Imputed
					Interest
Balance as at December 31, 2023	$	300,000	$	3,645	$	69,259
Interest		–		750		–
Imputed Interest		–		–		14,250
Balance as at June 30, 2024		300,000		4,395		83,509
Interest		–		1,125		–
Imputed interest		–		–		21,375
Balance as at December 31, 2024		300,000		5,145		97,759
Interest		–		750		–
Imputed Interest		–		–		14,250
Balance as at June 30, 2025	$	300,000	$	5,895	$	112,009