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Related Party Transactions
 12 Months Ended
Dec. 31, 2025
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

NOTE 3 — RELATED PARTY TRANSACTIONS

 

Accrued Payroll

 

As of December 31, 2025 and 2024, the Company had payroll payable to the CEO of $36,792 and $8,871, respectively, and related payroll taxes payable of $1,279 and $88,386, respectively. During the years ended December 31, 2025 and 2024, the Company made advances on payroll payable, and the CEO repaid amounts previously advanced.

The following summarizes activity in respect to payroll advances to the CEO:

 

Balance December 31, 2023  $191,198 
Advances during 2024   222,875 
Repayment   (414,073)
Balance December 31, 2024  $
-
 
Advances during 2025   134,184 
Repayments 2025   (134,184)
Balance December 31, 2025  $
-
 

 

During the second and third quarters of 2024, the Company issued paychecks to Paul Romness, CEO, representing the remaining balance of backpay, net of all 2024 payroll advances. Payroll taxes related to both backpay and regular compensation were fully paid. All related-party payroll advances to Mr. Romness, previously recorded as employee advances, were fully repaid during 2025. The balance of related-party payroll advances for Mr. Romness was $0 during 2025. All advances for 2024 were repaid in full as of December 31, 2024.

 

Related Parties — Convertible Debt

 

Mill River Partners LLC, an entity affiliated with Ted Search and John Ciccio, members of the Company’s board of directors, held convertible notes with face amounts of $0 as of December 31, 2025, and December 31, 2024. These notes were converted into shares of the Company’s common stock upon the closing of the Company’s initial public offering on August 2, 2024.

 

Related Party Accounting Fees

 

As of December 31, 2025 and 2024, the Company had accounts payable of $0 and $26,765, respectively, to Shore Accountants MD Inc., an outside accounting firm that provides payroll, bookkeeping, and tax preparation services. Shore Accountants MD Inc. is wholly owned by Christopher Acevedo, the Company’s Chief Financial Officer.