7. DUE TO RELATED PARTIES Due to related parties consist of: | | December 31, | | | December 31, | | Creditor | | 2025 | | | 2024 | | Related party payable | | $ | 46,875 | | | $ | 46,875 | | Lifschultz Enterprise expense reimbursement payable (1) | | | 55,592 | | | | - | | Totals | | $ | 102,467 | | | $ | 46,875 | |
The payables are non-interest bearing and are due on demand. | (1) | The amounts represent the living expenses of one executive. These living expenses were recorded under Other Operating Expenses in the statement of operations. The Company has entered into an agreement with this executive pursuant to which the Company reimburses such living expenses. |
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