Commitments |
9 Months Ended |
|---|---|
Sep. 30, 2025 | |
| Commitments and Contingencies Disclosure [Abstract] | |
| Commitments | 6. Commitments
On July 21, 2025, the Company entered into a public-private partnership agreement with the National Office for Rural Hydraulics (“ONHR”), a branch of the Ministry of Rural Development in the Democratic Republic of Congo (“DRC”). The objective of the partnership is for the Company to manufacture and install 300 AQUAtap community water centers over the next 5 years in DRC communities. The Company is responsible for contributing $30,000,000 to the partnership over the anticipated 10-year term of the agreement in order to fund the 300 AQUAtap systems. ONHR is entitled to receive 40% of the gross revenue generated by the partnership while the Company is entitled to receive 60% of the revenue. The Company and ONHR are currently in the process of amending the agreement.
On August 25, 2025, the Company entered into a brand ambassador agreement with JK International Management LLC (“JKIM”) for a term of 3 years. Pursuant to the agreement, the Company agreed to pay $200,000 per year to JKIM and issue shares of the Company’s common stock to JKIM. The Company also agreed to provide other performance-based bonuses to JKIM upon achieving certain targets. At September 30, 2025, the Company owed $20,513 to JKIM under the agreement and the shares of common stock had not been issued. The shares of common stock were valued at $ per share for a deemed value of $99,200.
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