NOTE 6 - COMMITMENTS AND CONTINGENCIES

Employment Agreements

At September 30, 2024, the Company had compensation agreements with its President / Chief Executive Officer, and Chief Financial Officer.

Leases

On September 13, 2024, the Company entered into a 63-month lease agreement for a corporate office space in Troy, Michigan  that has not yet commenced. The Company intends to relocate its headquarters to that facility upon the commencement of the lease agreement which is planned to begin on January 1, 2025, contingent on the landlord completing agreed to modifications to the leased property.  The lease agreement provides for a total rent of $298,135 over the full lease period.  Occupancy of the property will commence with the property availability, there will be a 3-month rent holiday at the beginning of the lease which will be amortized as a reduction of lease expense over the full term of the lease.The Company paid a security deposit of $4,851. The future lease payments will be $4,681 per month from April 1, 2025 to March 31, 2026; $4,820 from April 1, 2026 to March 31, 2027; $4,964 from April 1, 2027 to March 31, 2028; $5,113 from April 1, 2028 to March 31, 2029; and $5,267 from April 1, 2029 to March 31, 2030. The Company has reviewed the terms of the agreement and will classify the lease as an operating lease under ASC 842.

Legal Contingencies

The Company may become a party to litigation in the normal course of business. To the knowledge of management, there are no pending legal matters involving the Company that would have a material adverse effect upon the Company’s financial condition, results of operation or cash flows.