Related Party Transactions |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions [Text Block] |
5. Related Party Transactions Board of Directors Compensation For the year ended December 31, 2024, the Board of Directors suspended its compensation in an effort to conserve financial resources. For the year ending December 31, 2025, the Board of Directors received $10,500 in cash compensation, and an additional $21,000 was accrued for 4th quarter services. In 2026, $21,000 will be paid in the first quarter. Deferred Compensation As of December 31, 2025, and December 31, 2024, the balances of the total deferred compensation for the officers, are as follows, Eric Jones, President and Chief Executive Officer: $469,500; Jim Collord, Vice President and Director: $420,000; Larry Thackery, former Chief Financial Officer: $215,125. The total deferred compensation for these officers at December 31, 2025 and December 31, 2024 was $1,104,625. Private Placement Transactions with Related Parties During the year ended December 31, 2025, certain greater-than-five percent shareholders participated in the Company's private placement offerings. Olivier Tielens, Henriicus Thijssen, and MFD Investment Holdings SA each purchased units consisting of shares of common stock and warrants under the same terms and conditions offered to other investors in the respective private placements. The Company received cash proceeds consistent with the subscription agreements executed by such related parties. Consultant Stock Option Grant On October 1, 2025, the Company granted 1,000,000 stock options to Olivier Tielens, a greater-than-five percent shareholder, in his capacity as a non-employee consultant.(see Note 8). |