v3.26.1
Related Party Transactions
3 Months Ended
Mar. 31, 2026
Related Party Transactions [Abstract]  
Related Party Transactions

Note 6 — Related Party Transactions

 

CEO Compensation

 

Alan Campbell serves as the Company’s Chief Executive Officer pursuant to an employment agreement entered into in August 2025. The agreement provides for an annual salary of $350,000 and an initial equity grant of 780,264 shares of common stock that vest over three years. The agreement also contains an anti-dilution provision (see Note 10 — Derivative Liability).

 

Office Space

 

The Company’s premises at 407 Lincoln Road, Suite 9F, Miami Beach, FL 33139 are provided by The Farkas Group, Inc., a related party, at no cost to the Company.

 

Related Party Notes and Advances

 

The following table summarizes related party notes and advances outstanding as of March 31, 2026:

 

Loan Source  Principal   Accrued Interest   Balance Sheet Classification
Michael Farkas — Note 10/14/2025 (18%)  $18,000   $1,491   Short-term advances — RP
The Farkas Group — Note 11/3/2025 (8%)  $250,000   $8,110   Notes payable — RP
The Farkas Group — Note 11/11/2025 (8%)  $250,000   $7,671   Notes payable — RP
Total  $518,000   $17,272    

 

Related Party Interest Expense

 

The following related party notes recognized interest expense for the three months ended March 31, 2026 and 2025:

 

   Q1 2026   Q1 2025 
Michael Farkas — Note 10/14/2025  $799   $— 
The Farkas Group — Note 11/3/2025   4,932    — 
The Farkas Group — Note 11/11/2025   4,932    — 
Balance Group LLC (pre-conversion)   —    1,186 
The Farkas Group (pre-conversion)   —    25,108 
CEO Loans (pre-conversion)   —    10,291 
Foundation (pre-conversion)   —    1,184 
Convertible Note — Balance Group LLC (pre-conversion)   —    3,092 
Convertible Note — CEO (pre-conversion)   —    1,574 
Total related party interest expense  $10,663   $42,435