Quarterly report [Sections 13 or 15(d)]

Other Income ??? Settlement of Accounts Payable

v3.26.1
Other Income — Settlement of Accounts Payable
3 Months Ended
Mar. 31, 2026
Other Income and Expenses [Abstract]  
Other Income — Settlement of Accounts Payable

Note 9 — Other Income — Settlement of Accounts Payable

 

There was no gain on settlement of accounts payable recognized for the three months ended March 31, 2026. For the three months ended March 31, 2025, the Company settled an outstanding accounts payable balance with a law firm that provided legal services to the Company between 2017 and 2020. The settlement resulted in a reduction of the payable balance of $127,579, and the amount settled was recognized as other income on the Company’s statements of operations for the period.