Quarterly report [Sections 13 or 15(d)]

SUBSEQUENT EVENTS

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SUBSEQUENT EVENTS
9 Months Ended
Sep. 30, 2025
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS

NOTE 22 - SUBSEQUENT EVENTS

 

Subsequent to September 30, 2025, the Company issued an aggregate of 66,400 shares of its common stock for the Company’s President stock compensation and consulting services valued at $28,375.

 

On October 21, 2025, the Company entered into an Exchange Agreement with a holder of its outstanding promissory note originally issued on September 6, 2023, as amended on October 7, 2024, and February 6, 2025. Pursuant to the agreement, the holder exchanged the note, including accrued interest totaling approximately $182,819, for 522,341 shares of the Company’s Common Stock and one warrant to purchase up to 522,341 shares of Common Stock. Upon completion of the exchange, the promissory note and all related obligations were cancelled.

 

On October 21, 2025, Louis Lucido, the President and a member of the Board of Directors, entered into a Subscription Agreement to purchase a total of 2,908,573 shares of Common Stock and a warrant for 500,000 additional shares for a total purchase price of $1,018,000.