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. The outstanding balance under these loans was $266 as of December 31, 2024. 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 June 30, 2025, the aggregate outstanding balance of the loans including accrued interest is $433, with $240 due in August 2025, $29 due in October 2025, and $160 due March 2026.