Quarterly report [Sections 13 or 15(d)]

Related Party Transactions (Tables)

v3.25.3
Related Party Transactions (Tables)
9 Months Ended
Sep. 30, 2025
Related Party Transactions [Abstract]  
Schedule of Note Payable - Related Party

 

    September 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

 

    September 30, 2025     December 31, 2024  
    (unaudited)        
Balance Group LLC   $ 120,000     $ 120,000  
Note Payable from President     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 September 30, 2025, and the related accrued interest as of September 30, 2025.

 

Loan Source   Loan Amount     Accrued Interest     Balance Sheet Classification
Balance Group LLC   $ 66,850     $ 46,488     Note payable – related party
The Foundation   $ 40,000     $ 31,641     Note payable – related party
President Loans   $ 1,833,858     $ 858,978     Short-term advances from related party
Convertible Note - Balance Group LLC   $ 120,000     $ 108,066     Convertible note payable – related party
Convertible Note - President   $ 53,192     $ 27,193     Convertible note payable – related party
                     
    $ 2,113,900     $ 1,072,366      
Schedule of Related Party Notes Interest

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

 

   

Nine months ended

September 30, 2025:

   

Nine months ended

September 30, 2024:

 
Balance Group LLC   $ 4,000     $ 4,028  
President Loans   $ 112,503     $ 102,204  
Foundation   $ 3,590     $ 3,603  
Convertible Note - Balance Group LLC   $ 8,975     $ 9,008  
Convertible Note - President   $ 4,774     $ 4,792  
Total Recognized Interest Expense   $ 133,843     $ 123,636