29 unchanged sentences
These reasons raise significant doubt about our ability to continue as a going concern.
−Removed: In March 2018, the Company executed a promissory note with Delfin for $50,000 (as amended and restated from time to time, the “Promissory Note”), which was amended and restated several times over the years and in November 2024 to $1,113,000, which was our balance at December 31, 2024.
+Added: In March 2018, the Company executed a promissory note with Delfin for $50,000 (as amended and restated from time to time, the “Promissory Note”), which was amended and restated several times over the years to $1,220,000, which was our balance at December 31, 2025.
The Promissory Note is used to pay certain accrued expenses, accounts payable and to allow the Company to have working capital.
3 unchanged sentences
Management anticipates continued funding from Delfin over the next twelve months as it determines the direction of the Company.
+Added: In January 2026, the Company restated the Promissory Note an additional $36,000, which is included in the exhibits below.
Delfin, the Company’s majority stockholder, has continued to fund the Company through loans to the Company (see Note 3).
8 unchanged sentences
As of December 31, 2025, we did not have any material off-balance sheet arrangements that have or are reasonably likely to have a material effect on our current or future financial condition, revenues or expenses, results of operations, liquidity, or capital resources.
−Removed: Effects of Inflation
−Removed: Management believes that inflation has not had a significant effect on our results of operations during 2024 and 2023.
Critical Accounting Policies and Estimates
10 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.