Annual report [Section 13 and 15(d), not S-K Item 405]

Note 8 - Fair Value Measurements and Financial Instruments (Tables)

v3.26.1
Note 8 - Fair Value Measurements and Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Assets Measured on a Recurring Basis

The following table presents the fair value of the Company’s assets that are measured at fair value on a recurring basis for the years presented:

 

 

December 31,
2025

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

High interest savings accounts

 

$

 

 

$

 

 

$

 

 

$

 

Total

 

$

 

 

$

 

 

$

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,
2024

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

High interest savings accounts

 

$

5,201

 

 

$

 

 

$

5,201

 

 

$

 

Total

 

$

5,201

 

 

$

 

 

$

5,201

 

 

$

 

 

The following table presents the fair value of the Company's liabilities that are not measured at fair value on a recurring basis for the years presented:

 

 

 

December 31,
2025

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Loan payable to related party

 

$

27,018

 

 

$

 

 

$

 

 

$

27,018

 

Interest on related party loan payable

 

 

855

 

 

 

 

 

 

 

 

 

855

 

Total

 

$

27,873

 

 

$

 

 

$

 

 

$

27,873

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,
2024

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Loan payable to related party

 

$

10,000

 

 

$

 

 

$

 

 

$

10,000

 

Interest on related party loan payable

 

 

18

 

 

 

 

 

 

 

 

 

18

 

Total

 

$

10,018

 

 

$

 

 

$

 

 

$

10,018