NOTE 3 – NOTES PAYABLE, RELATED PARTY

During 2023, the Company’s Chief Executive Officer made 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. During 2025, the Company’s Chief Executive Officer made additional loans to the Company in the aggregate amount of $230 with similar terms as the other loans. As of September 30, 2025, the aggregate outstanding balance of the loans including accrued interest is $507. Repayments on each loan are due in twelve equal monthly installments commencing one year after each loan start date. No repayments on any of the loans have been made as of September 30, 2025, and $274 are past due.