Related Party Transactions |
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| Related Party Transactions |
Note 5 — Related Party Transactions
CEO Compensation
Alan Campbell serves as the Company’s Chief Executive Officer pursuant to an employment agreement entered into in August 2025. The agreement provides for an annual salary of $350,000 and an initial equity grant of shares of common stock that vest over three years. The agreement also contains an anti-dilution provision (see Note 9 — Derivative Liability).
Office Space
The Company’s premises at 407 Lincoln Road, Suite 9F, Miami Beach, FL 33139 are provided by The Farkas Group, Inc., a related party, at no cost to the Company.
Accounts Payable — Related Party
Accounts payable — related party was $926,659 as of June 30, 2026 and December 31, 2025. During the six months ended June 30, 2026 there were no changes.
Related Party Notes and Advances
The following table summarizes related party notes and advances outstanding as of June 30, 2026:
Related Party Interest Expense
The following related party notes recognized interest expense for the periods presented:
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