DUE FROM RELATED PARTIES |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| DUE FROM RELATED PARTIES | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| DUE FROM RELATED PARTIES | 4. DUE FROM RELATED PARTY
Due from related party consists of:
The receivable is non-interest bearing and is due on demand.
The receivable from Lifschultz Enterprise Company, LLC (“LEC”) represents ongoing advances from the Company to LEC. LEC had no business revenues in 2024 and 2025. At December 31, 2025, LEC’’s principal assets consisted of a convertible note receivable from the Company due January 1, 2028, in the amount of $220,139 (see Note 6), accrued interest thereon of $72,256 (see Note 5), and ownership of 462,471,800 shares of Company common stock. At December 31, 2024, LEC’’s principal assets consisted of a convertible note receivable from the Company due on January 1, 2028, in the amount of $214,375 (see Note 6), accrued interest thereon of $38,612 (see Note 5), and ownership of 462,471,800 shares of Company common stock. |
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