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RELATED PARTY TRANSACTIONS
12 Months Ended
Dec. 31, 2025
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

NOTE 6. RELATED PARTY TRANSACTIONS

 

As of December 31, 2025 and 2024, the Company had current liabilities of $99,875 and $232,891, respectively, due to related parties. This balance is related to board compensation payments due to members of the Board of the Company.

 

Board member Sheila DeWitt has provided research and development services as an advisory consultant to the Company since May 2022. These services are provided as needed on an hourly basis. During the year ended December 31, 2025, the Company incurred $3,250 in service fees related to these services. Of these fees, $3,250 has been paid and there is no balance outstanding included in due to related parties on the consolidated balance sheet as of December 31, 2025. During the year ended December 31, 2024, the Company incurred $189,125 in service fees related to these services. Of these fees, $176,125 has been paid and $13,000 is included in due to related parties on the consolidated balance sheet as of December 31, 2024.

 

 

ENVERIC BIOSCIENCES, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS