Quarterly report [Sections 13 or 15(d)]

Accrued salary, accrued retirement, and incentive fee - related party (Tables)

v3.26.3
Accrued salary, accrued retirement, and incentive fee - related party (Tables)
9 Months Ended
Sep. 30, 2026
Payables and Accruals [Abstract]  
Schedule of outstanding liability

The Company has an outstanding liability to its CEO as follows:

  

    September 30,
2026
    December 31,
2025
 
Current liability to shareholder                
Accrued salaries and benefits(1)   $ 48,346     $ 62,154  
Long-term liability to shareholder                
Accrued retirement and other benefits     751,068       702,304  
Offset by shareholder advance     (261,653 )     (261,653 )
Net long-term liability to shareholder     489,415       440,651  
Total outstanding liability   $ 537,761     $ 502,805  

 

(1) Our CEO’s accrued salaries and benefits were reclassified from long-term liabilities to short-term liabilities in fiscal year 2026.