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Related Party Transactions
 9 Months Ended
Sep. 30, 2025
Related Party Transactions  
Related Party Transactions

5. Related Party Transactions

 

The Company leases office space from certain related parties on a month-to-month basis. $2,000 per month is paid to NP Depot LLC, a company owned by the Company’s president, John Swallow and approximately $1,700 is paid quarterly to Mine Systems Design, Inc. which is partially owned by the Company’s vice president, Grant Brackebusch. Payments under these short-term lease arrangements are included in general and administrative expenses on the condensed consolidated statement of operations and for the three and nine-month periods ended September 30, 2025 and 2024 are as follows:

 

September 30, 2025

September 30, 2024

Three Months

Nine Months

Three Months

Nine Months

$

7,688

$23,064$7,688$22,996