NOTES PAYABLE, RELATED PARTY |
3 Months Ended |
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Mar. 31, 2025 | |
Debt Disclosure [Abstract] | |
NOTES PAYABLE, RELATED PARTY |
NOTE 3 – NOTES PAYABLE, RELATED PARTY
During 2023, the Company’s Chief Executive Officer made 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, and accrue interest at 3.5% per annum. On March 24, 2025, Company’s Chief Executive Officer made an additional loan to the Company in the amount $160 with similar terms as the other three loans. As of March 31, 2025, the aggregate outstanding balance of the loans including accrued interest is $429, with $166 due in May 2025, $74 due in August 2025, $29 due in October 2025, and $160 due March 2026.
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- References No definition available.
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- Definition The entire disclosure for long-term debt. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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