There’s a big difference between gifting money to a company and lending money to a company.
Claims floating around online say leadership "never takes a salary" and "covers all expenses personally." It sounds great--until you open the official 2025 financial filings.
Here is what the actual numbers show:
1. Paying Expenses vs. Lending Money
The Online Claim: "I cover all expenses myself."
The Balance Sheet Reality: Out-of-pocket costs are booked as Related-Party Loans totaling $1.27 Million+ ($13.8K short-term + $1.26M long-term).
The money wasn't donated. Every dollar spent was added to the company tab as an IOU owed back to Dr. David Dalton.
2. Waiving Pay vs. Building Debt
The Online Claim: "I have never taken a salary."
The Balance Sheet Reality: The company carries a massive $15.5 Million ($15,533,806) in Payroll Liabilities.
Delaying a paycheck is not working for free. It is recorded on the books as millions in accrued corporate debt.
3. Real Overhead, Real Losses: The Income Statement: Reports $1,211,000 in SG&A (Sales, General & Administrative) expenses and an overall Net Loss of $1,215,000 for FY 2025.
The company is not running cost-free. It lost over $1.2M in a single year.
Generous-sounding posts on message boards do not change the balance sheet. Official filings show these expenses aren't gifts--they are millions in corporate debt.
PL
Remember 1.28 Billion shares were added to the Out Standing Share Count.
Claims floating around online say leadership "never takes a salary" and "covers all expenses personally." It sounds great--until you open the official 2025 financial filings.
Here is what the actual numbers show:
1. Paying Expenses vs. Lending Money
The Online Claim: "I cover all expenses myself."
The Balance Sheet Reality: Out-of-pocket costs are booked as Related-Party Loans totaling $1.27 Million+ ($13.8K short-term + $1.26M long-term).
The money wasn't donated. Every dollar spent was added to the company tab as an IOU owed back to Dr. David Dalton.
2. Waiving Pay vs. Building Debt
The Online Claim: "I have never taken a salary."
The Balance Sheet Reality: The company carries a massive $15.5 Million ($15,533,806) in Payroll Liabilities.
Delaying a paycheck is not working for free. It is recorded on the books as millions in accrued corporate debt.
3. Real Overhead, Real Losses: The Income Statement: Reports $1,211,000 in SG&A (Sales, General & Administrative) expenses and an overall Net Loss of $1,215,000 for FY 2025.
The company is not running cost-free. It lost over $1.2M in a single year.
Generous-sounding posts on message boards do not change the balance sheet. Official filings show these expenses aren't gifts--they are millions in corporate debt.
PL
Remember 1.28 Billion shares were added to the Out Standing Share Count.
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