Quarterly report [Sections 13 or 15(d)]

RELATED PARTY TRANSACTIONS

v3.26.3
RELATED PARTY TRANSACTIONS
9 Months Ended
Sep. 30, 2026
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

NOTE 7 – RELATED PARTY TRANSACTIONS

In April 2024, the Company entered into a consulting agreement with one of its independent directors to provide business development consulting services. For these consulting services, the Company agreed to pay $5,000 per month as remuneration and granted 70,000 options to vest over a period of 36 months. During the three months ended September 30, 2026 and September 30, 2025, the Company recognized $25,700 and $25,700, respectively, related to these consulting services, which includes stock based compensation expense of $10,700 and $10,700, respectively. During the nine months ended September 30, 2026 and September 30, 2025, the Company recognized $76,600 and $76,600, respectively, related to these consulting services, which includes stock-based compensation expense of $31,600 and $31,600, respectively.