Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
OPERATING ACTIVITIES    
Net Loss $ (224,422) $ (214,016)
Adjustments to reconcile net loss to net cash:    
Stock-based compensation 37,095 387,476
Changes in operating assets and liabilities:    
Receivables – related party (760,000) (330,000)
Contract asset – related party (1,650,000)
Prepaids (2,615) 289,669
Deferred revenue
Accounts payable and accrued liabilities 618,739 7,899
Cash used in operating activities (331,203) (1,508,972)
INVESTING ACTIVITIES    
Development of intangible assets (654,000)
Cash flows used in investing activities (654,000)
FINANCING ACTIVITIES    
Issuance of common stock 1,700,000
Cash flows provided by financing activities 1,700,000
Effect of foreign exchange 119,529 125,314
Change in cash and cash equivalents during the period 834,326 (1,383,658)
Cash and cash equivalents - Beginning of period 527,388 3,065,914
Cash and cash equivalents - End of period $ 1,361,714 $ 1,682,256