Quarterly report [Sections 13 or 15(d)]

Summary of Significant Accounting Policies (Tables)

v3.25.1
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2025
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 March 31, 2025.

 

    Total     (Level 1)     (Level 2)     (Level 3)  
Fair-value – equity securities   $ 83,970     $ 83,970     $ -     $ -  
Total Assets measured at fair value   $ 83,970     $ 83,970     $       -     $           -  

 

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     $         -     $           -  
Schedule of Business Segment

    March 31, 2025     March 31, 2024  
             
Revenue   $ -     $ -  
                 
Reconciliation of revenue:                
Less: Cost of goods sold     -       -  
Segment gross profit   $ -     $ -  
                 
Less:                
Salaries and wages     49,542       45,678  
Professional fees     25,035     16,000  
Other segment items(1)     4,262       4,040  
Segment net loss   $ (78,839 )   $ (65,718 )
                 
Reconciliation of loss:                
Other income (expense), net     72,433     (51,225 )
Loss before income taxes   $ (6,406 )   $ (116,943 )

 

(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 March 31, 2025, and December 31, 2024 consisted of the following:

 

    March 31, 2025     December 31, 2024  
    (unaudited)        
Website   $ -     $ -  
Computer equipment & Software     5,358       5,358  
Furniture     802       802  
Total     6,160       6,160  
Less Accumulated Depreciation     (6,160 )     (6,160 )
Property and Equipment, net   $ -     $ -