CONCENTRATIONS OF CREDIT RISK AND ECONOMIC DEPENDENCE |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Risks and Uncertainties [Abstract] | |
| CONCENTRATIONS OF CREDIT RISK AND ECONOMIC DEPENDENCE | NOTE 2 - CONCENTRATIONS OF CREDIT RISK AND ECONOMIC DEPENDENCE
Financial instruments that potentially subject the Company to credit risk consist principally of cash and accounts receivable. The Company has no significant off-balance-sheet concentrations of credit risk such as foreign exchange contracts, options contracts or other foreign hedging arrangements.
Cash
The Company at times has cash with its financial institution in excess of Federal Deposit Insurance Corporation (“FDIC”) insurance limits. The Company places its cash with high credit quality financial institutions which minimize the risk of loss. To date, the Company has not experienced any such losses. As of December 31, 2025, the Company did not have cash balances in excess of FDIC insurance limits.
Accounts Receivable
Historically, the Company granted credit to its established retail customers. The Company typically did not require collateral from these customers. Credit risk was limited due to the financial strength of the customers comprising the Company’s customer base and their dispersion across different geographical regions. The Company monitored exposure of credit losses and maintained allowances for anticipated losses considered necessary under the circumstances. With ecommerce revenue, the Company utilized Stripe as the company that processed online payments for our website. Revenue was received from Stripe within 3 days of the product shipment. If the product was shipped through Amazon it would take between 20 and 30 days for collection.
Major Vendors
The Company had one vendor from which it purchased 100% merchandise sold during the year ended December 31, 2024.
As of December 31, 2025, and 2024, there were no payables owed to this vendor. |