Annual report [Section 13 and 15(d), not S-K Item 405]

Summary of Significant Accounting Policies (Tables)

v3.25.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Schedule of Fair Value of Assets on Recurring Basis

The following table presents certain assets of the Company’s measured and recorded at fair value on the Company’s balance sheet on a recurring basis and their level within the fair value hierarchy as of December 31, 2024.

 

    Total     (Level 1)     (Level 2)     (Level 3)  
Fair-value – equity securities   $ 82,376     $ 82,376     $ -     $ -  
Total Assets measured at fair value   $ 82,376     $ 82,376     $ -     $ -  

 

The following table presents certain assets of the Company’s measured and recorded at fair value on the Company’s balance sheet on a recurring basis and their level within the fair value hierarchy as of December 31, 2023.

 

    Total     (Level 1)     (Level 2)     (Level 3)  
Fair-value – equity securities   $ 107,912     $ 107,912     $ -     $ -  
Total Assets measured at fair value   $ 107,912     $ 107,912     $ -     $ -  
Schedule of Business Segment

 

    December 31, 2024     December 31, 2023  
             
Revenue   $ -     $ -  
                 
Reconciliation of revenue:                
Less: Cost of goods sold     -       -  
Segment gross profit   $ -     $ -  
                 
Less:                
Salaries and wages     186,004       55,644  
Professional fees     71,634       25,085  
Other segment items(1)     13,647       35,571  
Segment net loss   $ (271,285 )   $ (116,300 )
                 
Reconciliation of loss:                
Other income (expense), net     (256,938 )     (265,271 )
Loss before income taxes   $ (528,223 )   $ (381,571 )

 

(1) Other segment items comprising segment net loss include advertising and promotion, stock related expenses, and certain general and administrative expenses.
Schedule of Property and Equipment

Property and equipment as of December 31, 2024, and December 31, 2023 consisted of the following:

 

    December 31, 2024     December 31, 2023  
             
Website   $ -     $ 1,336  
Computer equipment & Software     5,358       5,358  
Furniture     802       4,622  
Total     6,160       11,316  
Less Accumulated Depreciation     (6,160 )     (11,316 )
Property and Equipment, net   $ -     $ -