Quarterly report [Sections 13 or 15(d)]

Related Party Transactions (Tables)

v3.25.1
Related Party Transactions (Tables)
3 Months Ended
Mar. 31, 2025
Related Party Transactions [Abstract]  
Schedule of Note Payable - Related Party

    March 31, 2025     December 31, 2024  
    (unaudited)        
Balance Group LLC   $ 66,850     $ 66,850  
The Foundation     40,000       40,000  
Note Payable – related party   $ 106,850     $ 106,850  
Schedule of Convertible Note Payable - Related Party

    March 31, 2025     December 31, 2024  
    (unaudited)        
Balance Group LLC   $ 120,000     $ 120,000  
Note Payable from CEO     53,192       53,192  
Convertible note payable- related party   $ 173,192     $ 173,192  
Schedule of Related Party Transaction

The following table summarizes all related party notes, both convertible and nonconvertible, including their principal balances as of March 31, 2025, and the related accrued interest as of March 31, 2025.

 

Schedule of Related Party Transaction

Loan Source   Loan Amount     Accrued Interest     Balance Sheet Classification  
Balance Group LLC   $ 66,850     $ 43,807     Note payable – related party  
The Foundation   $ 40,000     $ 29,234     Note payable – related party  
CEO Loans   $ 1,743,558     $ 782,036     Short-term advances from related party  
Convertible Note - Balance Group LLC   $ 120,000     $ 102,049     Convertible note payable – related party  
Convertible Note - CEO   $ 53,192     $ 23,993     Convertible note payable – related party  
Total   $ 1,970,600     $ 981,119