NOTE 3 – NOTES PAYABLE, RELATED PARTY

During 2023, the Company’s Chief Executive Officer extended three loans to the Company for aggregate principal amount of $260 pursuant to terms of the note agreements. The notes have relatively similar terms, are unsecured, accrue interest at 1% per annum, are due over a period of 12 months with payments becoming due between 5 to 7 months after issuances of the notes, and no prepayment penalties. As of June 30, 2024, the first note was renewed for another twelve months and the aggregate outstanding balance of the loans is $258, with $72 due in August 2024, $28 due in October 2024, and $160 due in April 2025.