RELATED PARTY DISCLOSURES |
12 Months Ended |
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Dec. 31, 2024 | |
| Related Party Transactions [Abstract] | |
| RELATED PARTY DISCLOSURES |
NOTE 16. RELATED PARTY DISCLOSURES
The Company identified the following related party transaction in accordance with ASC 850, Related Party Disclosures:
Consulting Agreement
During August of 2024, the Company entered into a consulting agreement for investor relation services with an expected term of twelve months with MavDB Consulting LLC (the “Vendor”) for services with a total value of £2.4 million ($3 million). The vendor is wholly owned by David Joshua Bartch, a shareholder of the Company during the period. The Company incurred £0.8 million ($1 million) of expense related to the agreement during its year ended December 31, 2024 and had accounts payable related to the agreement of $Nil as of December 31, 2024. The agreement provides compensation for the services at fair market value.
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- References No definition available.
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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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