Note 6 – Related Party Transactions

As of June 30, 2025, the Company had related party accounts payable of $911,659 owed to its Chief Executive Officer (CEO). This amount relates to consulting services provided to the Company from 2015 through 2022, for which payment has not yet been made. The terms of repayment have not been formally established, and no interest has been accrued on this balance. The balance of $911,659 is in the Accounts payable - related party on the Balance Sheet.

On October 31, 2023 the Company’s CEO signed a new agreement that earns $10,000 per month. The following compensation was recorded within general and administrative expenses – related parties on the statements of operations: $60,000 and $60,000 for the six months ended June 30, 2025 and 2024, respectively. As of June 30, 2025 and December 31, 2024, $210,000 and $150,000, respectively, of compensation was unpaid and was included in accounts payable – related party on the consolidated balance sheets.

During 2016, 2017, and 2019 Balance Group LLC loaned an additional $66,850 to the Company. The notes are in default and have an accrued interest balance of $43,807. The note balance of $66,850 is included in the note payable – related party in current liability as of June 30, 2025 and December 31, 2024.

On October 3, 2019, the Company received $40,000 from The Foundation in exchange for a promissory note which bears 12% interest per annum and matured on October 10, 2020 or upon the Company raising $500,000 from outside investors, whichever occurs first. The promissory note is currently in default, and as of June 30, 2025, accrued interest on the note is $30,431. The note balance of $40,000 is included in the note payable – related party in current liability as of June 30, 2025 and December 31, 2024.

Schedule of Note Payable - Related Party

On June 27, 2021, the Company received $50,000 from the CEO in exchange for a convertible promissory note with a face value of $53,192 which bears 12% interest per annum and matures on June 27, 2022, or upon the Company raising $250,000 from investors, whichever occurs first. The note balance of $53,192 is included in the convertible notes payable - related party, net of debt discount of $0 and $0, as of June 30, 2024, and December 31, 2024, respectively. The difference between the amount received and the face value of $3,192 was recorded as a discount and is being amortized over the life of the note. Additionally, the note comes with a beneficial conversion feature of $3,799 which was also recorded as a component of equity in 2021. As of June 30, 2025, the Company has accrued interest of $25,584 and is recorded in the accrued expenses on the balance sheet.

On September 30, 2016, Balance Group LLC loaned $120,000 as a convertible note payable to the Company at an interest rate of 10%, due on October 1, 2017. In addition, the Company issued 600,000 warrants at an exercise price of $1 which expired on September 30, 2021 (See Note 9). The note is currently in default and is currently recorded under convertible payable – related party in current liabilities in the balance sheet. The accrued interest balance of $105,041 is recorded in the accrued expenses on the balance sheet as of June 30, 2025.

Schedule of Convertible Note Payable - Related Party

As of June 30, 2025, the CEO and companies controlled by the CEO have loaned the Company a total of $1,779,058 in addition to the convertible notes discussed above. During the six months ended June 30, 2025, the CEO loaned an additional $48,000 to the Company. The loans carry an interest rate of 8%, 12%, and 18% and mature one year and one day from the date of the loan. A portion of these loans, totaling $1,779,058, together with accrued interest of $820,452, are in default as of June 30, 2025, while others remain current. The loans in default are reported under short-term advances from related party on the balance sheet as of June 30, 2025 and December 31, 2024

The following table summarizes all related party notes, both convertible and nonconvertible, including their principal balances as of June 30, 2025, and the related accrued interest as of June 30, 2025.

Schedule of Related Party Transaction

The following related party notes recognized interest for the six months ended June 30, 2025 and 2024:

Schedule of Related Party Notes Interest