3. Related Party Transactions

For the years ended December 31, 2025 and 2024 officers’ wages was $50,645 and $82,737, respectively. For the years ended December 31, 2025 and 2024, board of director fees was -0- and $23,750, respectively. The Company also had consulting and director fee contracts with David Tobias, the Estate of Brad Herr and

Cathy Carroll as noted below.  At December 31, 2025 and 2024 the Company also owed an additional two (2) directors $18,750 for director’s fees that are included in stock payable.

Historically, the Company has received funds from borrowings on notes payable and advances from related parties and officers of the Company to cover operating expenses. Related parties include the officers and directors of the Company and a significant shareholder holding in excess of 10% of the Company’s outstanding shares.

Consulting expense to David Tobias, the Company’s chief executive officer and director, for each of the years ended December 31, 2025 and 2024 was $187,500.  Director fees to Mr. Tobias for the years ended December 31, 2025 and 2024 were $-0- and $6,250, respectively.  The last payment of these services was in June of 2022. At December 31, 2025 and 2024 the Company owed Mr Tobias $656,250 and $468,750, respectfully in consulting services, and $25,000, in director’s fees.  These are included in stock payable at December 31, 2025 and 2024 for a total of $681,250 and $493,750, respectively. 

At December 31, 2025 and 2024 the Company owed the Estate of Brad Herr – prior chief financial officer $93,750 in consulting services, and $6,250, respectively in directors fees from his 2022 contract.  These are included in stock payable at December 31, 2025 and 2024 for a total of $100,000.

Consulting expense to Patrick Bilton, the Company’s chief operating officer for the years ended December 31, 2025 and 2024 was -0- and $84,375, respectively. The last payment of these services was in June of 2022.  At December 31, 2025 and 2024 the Company owed Mr Bilton $253,125 in consulting services.  These are included in stock payable at December 31, 2025 and 2024.

Ms Carroll has a consulting agreement with the Company in the amount of $12,500, quarterly.  For each of the years ended December 31, 2025 and 2024 consulting expense was $50,000.  Director fees to Ms Carroll for the years ended December 31, 2025 and 2024 were $-0- and $5,000, respectively.  Ms Carroll has elected that these payments increase her note payable each quarter.

During the year ended December 31, 2024, Trevor Reed, a director of the loaned $8,000 to the Company bearing interest at the rate of 10% per annum due on June 4, 2025. If unpaid at June 4, 2025, the interest rate increases to 12% per annum.

During the year ended December 31, 2025 and 2024, David Tobias, the Company’s chief executive officer and director, loaned money to the Company to pay expenses.  This note bears interest at the rate of 5% per annum.

During the year ended December 31, 2025, David Tobias had to repay the Company $18,557 of short swing profit.  This amount was deducted from his note payable and included in the statement of operations for the year ended December 31, 2025.

Ms. Carroll’s note bears interest at 5% per annum. During the year ended December 31, 2025 Ms. Carroll’s note was increased by her compensation of $12,500 per quarter for a total of $50,000.  

During the year ended December 31, 2025 and 2024, the Company recorded interest expense related to notes payable to related parties at the rates between 5% and 12% per annum in the amounts of $respectively.

The following tables reflect the related party note payable balances. 

At December 31, 2025 and 2024, the Company had a balance due from MJ Harvest, Inc., with whom the Company had plans to merge, of $75,055, (see Note 9). The amount is included in advances to related party on the consolidated balance sheets. The Company had advanced to MJ Harvest, $75,055 in anticipation of its merger in 2022 and had been trying to collect on this advance.   In April 2025, the Company became aware that MJ Harvest (a related party with common directors) was delisted from the OTC markets, therefore, the Company allowed for the $75,055 it had advanced to MJ Harvest, as the Company is unsure whether the advance will be paid back. The Company is going to continue in its efforts to try to collect on this advance.

The Company also has an advance to a director of $1,250 at December 31, 2025 and 2024 that is included in advances to related parties. The funds were advanced to the director to cover consulting services.