XML 38 R22.htm IDEA: XBRL DOCUMENT v3.25.0.1
Related Parties
 12 Months Ended
Dec. 31, 2024
Related Parties  
Related Parties

Note 15 - Related Parties

 

During August 2023, we entered into a referral agreement with a board member of the Company. An initial fee of $15,000 was agreed upon, payable upon the execution of the agreement. Subsequently, a monthly retainer of $5,000, paid in advance, was established, starting from September 1, 2023. Either party has the right to terminate this agreement at any time and for any reason. Termination requires fourteen (14) days written notice to be provided to the other party. For the twelve months ended December 31, 2024, we recognized approximately $15,000 in expense. For the twelve months ended December 31, 2023, we recognized approximately $35,000 in expense.

 

During the year ended December 31, 2024, the Company engaged in a transaction with First Orion Corp., a company in which one of our directors holds a significant interest. The transaction involved the sale of services amounting to approximately $95,000. These transactions were conducted in the ordinary course of business.

 

During the year ended December 31, 2024, the Company engaged in a transaction with James & James, a company in which one of our directors holds a significant interest. The transaction involved the sale of services amounting to approximately $170,000. These transactions were conducted in the ordinary course of business.