RELATED PARTY TRANSACTIONS

3 Months Ended

Mar. 31, 2026

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

NOTE 4 – RELATED PARTY TRANSACTIONS

Business Partner

Health Hero America (“HHA”) is a related party by virtue of common ownership of the Company. There were no transactions with the related party during the three months ended March 31, 2025. During the three months ended March 31, 2026, the Company provides certain labor services to HHA and recognized service revenue amounting to $5,162. As of March 31, 2026, and December 31, 2025, receivables arising from this transaction amounted to $22,003 and $16,789, respectively.

Outlaw Run Ranch (“ORR”) is a related party by virtue of common ownership of the Company. The Company pays $9,800 per month to ORR for rent expense. As of March 31, 2026, and December 31, 2025, the Company has $10,503 owed to this related party. As of March 31, 2026 and December 31, 2025, operating lease liability relating to such lease agreement with this related party amounted to $369,422 and $389,630, respectively. See Note 8 for other key terms of the lease agreement.

Warehouse Asset Management is a related party by virtue of common ownership. The Company leases its headquarters, warehouse, other warehouse equipment and a box truck for $15,425 per month. As of March 31, 2026 and December 31, 2025, the Company has $15,425 and $0 owed to this related party, respectively. As of March 31, 2026 and December 31, 2025, operating lease liability relating to such lease agreement with this related party amounted to $592,593 and $625,805, respectively.

During the three months ended March 31, 2025 the Company awarded 100,000 stock options to the CEO’s son as compensation for services rendered in a prior period and is subject to the same vesting condition as the Company’s other stock option awards. 50,000 stock options have vested and are fully exercisable as of March 31, 2026 and 50,000 remain unvested. The key terms and fair value inputs and assumptions utilized for this stock option are disclosed in Note 7. The Company recognized $28,375 and $15,323 as an expense for the three months ended March 31, 2026 and 2025, respectively.

The Company has done an analysis under ASC 810 and has determined that the aforementioned related parties do not qualify as a Variable Interest Entity and therefore those entities were not consolidated in the preparation of the accompanying financial statements.

CALLAN JMB INC.

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)