Quarterly report [Sections 13 or 15(d)]

Related Party Transactions (Tables)

v3.25.2
Related Party Transactions (Tables)
6 Months Ended
Jun. 30, 2025
Related Party Transactions [Abstract]  
Schedule of Note Payable - Related Party

    June 30, 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

    June 30, 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 June 30, 2025, and the related accrued interest as of June 30, 2025.

 

Loan Source   Loan Amount     Accrued Interest     Balance Sheet Classification
Balance Group LLC   $ 66,850     $ 45,140     Note payable – related party
The Foundation   $ 40,000     $ 30,431     Note payable – related party
CEO Loans   $ 1,779,058     $ 820,452     Short-term advances from related party
Convertible Note - Balance Group LLC   $ 120,000     $ 105,041     Convertible note payable – related party
Convertible Note - CEO   $ 53,192     $ 25,585     Convertible note payable – related party
                     
    $ 2,059,100     $ 1,026,649      
Schedule of Related Party Notes Interest

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

 

    Six months ended June 30, 2025:     Six months ended June 30, 2024:  
Balance Group LLC   $ 2,652     $ 2,680  
CEO Loans   $ 73,672     $ 65,904  
Foundation   $ 2,380     $ 1,197  
Convertible Note - Balance Group LLC   $ 5,951     $ 5,984  
Convertible Note - CEO   $ 3,165     $ 3,183  
Total Recognized Interest Expense   $ 87,820     $ 78,948