Related Parties	3 Months Ended
Jun. 30, 2025
Related Parties
Related Parties Transactions Disclosure	Note 3 – Related Parties SBS Management LLC During the three months June 30, 2025 and 2024, SBS Management LLC, a company controlled by Mr. Scott Stevens who is a shareholder of the Company, received management consulting fees and made advancement of funds to the Company to pay certain expenses. These expenses totaled $96,103 and $86,474 for the three months ended June 30, 2025 and 2024, respectively. As of June 30, 2025 and March 31, 2025, $1,261,594 and $1,165,491 were included in Accounts payable – related parties on the accompanying balance sheet. These advances are unsecured, non-interest bearing, and with no formal terms of repayment. Gray’s Peak Capital During the three months ended June 30, 2025 and 2024, Gray’s Peak Capital (“Gray’s Peak”), a company founded by a shareholder of the Company, made advances to the Company to cover certain operating expenses. These advances are unsecured, non-interest bearing, with no formal terms of repayment. As of June 30, 2025 and March 31, 2025, the amounts due Gray’s Peak for these advances were $516,262 and $396,100, respectively, and was included in accounts payable – related parties on the accompanying balance sheet. Gray’s Peak Capital – Note Payable On January 15, 2023 and June 15, 2023, the Company entered into two separate Mezzanine Secured Note (“Notes”) in the principal amount up to $200,000 and $500,000, respectively, with Gray’s Peak Private Credit LLC. For 30 days after the date of the Note, the Note bears interest at 7.5%. After the 30th day, the Note bears interest at 2% per month until paid in full. The Note matures and becomes due and payable in full on the 4^th and 6^th month anniversary of the loan (May 15, 2023 and December 15, 2023). The Company has the option of prepaying any part of the Note in whole or in part without any premium or penalty. The January 15, 2023 amounts borrowed were repaid in September 2023. The June 15, 2023 Note has been extended to December 31, 2025. The Notes are secured by a pledge by the Company of favor of Gray’s Peak of all of the assets and property of the Company, including without limitation all R&D tax credits, goods, tangible property, machinery, owned equipment, furniture, fixtures, vehicles, parts, accounts, deposit accounts, letter-of-credit rights, chattel paper, contract rights, documents, instruments, investment property, choses in action, general intangibles, goodwill and intellectual property, of any kind or nature, wherever located, in which Company has an interest now or in the future, and which are now existing or hereafter created or acquired, together with any and all additions, replacements, accessions and substitutions thereto or therefore, and any proceeds thereof excluding equipment leased by the Company (collectively called the “Collateral”). Gray’s Peak interest is senior to the unsecured debt or lenders of the Company and the Company’s equity holders. Upon the occurrence of any Event of Default, as defined in the agreement, the principal sum, all accrued and unpaid interest owing thereon and all costs and expenses payable pursuant to this Note, shall, at the sole option of Gray’s Peak and with submission of written notice, become immediately due and payable. As of June 30, 2025 and March 31, 2025, the principal balance outstanding was $343,000 and $243,000, respectively. The notes were included in notes payable – related party on the accompanying condensed balance sheet of which $83,359 and $62,133 of interest was accrued and included in accrued expenses as of June 30, 2025 and March 31, 2025, respectively. Management As of June 30, 2025 and March 31, 2025, $433,497, respectively, was included in accounts payable – related parties on the accompanying consolidated balance sheet.

Related Parties

3 Months Ended

Jun. 30, 2025

Note 3 – Related Parties

SBS Management LLC

During the three months June 30, 2025 and 2024, SBS Management LLC, a company controlled by Mr. Scott Stevens who is a shareholder of the Company, received management consulting fees and made advancement of funds to the Company to pay certain expenses. These expenses totaled $96,103 and $86,474 for the three months ended June 30, 2025 and 2024, respectively. As of June 30, 2025 and March 31, 2025, $1,261,594 and $1,165,491 were included in Accounts payable – related parties on the accompanying balance sheet. These advances are unsecured, non-interest bearing, and with no formal terms of repayment.

Gray’s Peak Capital

During the three months ended June 30, 2025 and 2024, Gray’s Peak Capital (“Gray’s Peak”), a company founded by a shareholder of the Company, made advances to the Company to cover certain operating expenses. These advances are unsecured, non-interest bearing, with no formal terms of repayment. As of June 30, 2025 and March 31, 2025, the amounts due Gray’s Peak for these advances were $516,262 and $396,100, respectively, and was included in accounts payable – related parties on the accompanying balance sheet.

Gray’s Peak Capital – Note Payable

On January 15, 2023 and June 15, 2023, the Company entered into two separate Mezzanine Secured Note (“Notes”) in the principal amount up to $200,000 and $500,000, respectively, with Gray’s Peak Private Credit LLC. For 30 days after the date of the Note, the Note bears interest at 7.5%. After the 30th day, the Note bears interest at 2% per month until paid in full. The Note matures and becomes due and payable in full on the 4^th and 6^th month anniversary of the loan (May 15, 2023 and December 15, 2023). The Company has the option of prepaying any part of the Note in whole or in part without any premium or penalty. The January 15, 2023 amounts borrowed were repaid in September 2023. The June 15, 2023 Note has been extended to December 31, 2025.

The Notes are secured by a pledge by the Company of favor of Gray’s Peak of all of the assets and property of the Company, including without limitation all R&D tax credits, goods, tangible property, machinery, owned equipment, furniture, fixtures, vehicles, parts, accounts, deposit accounts, letter-of-credit rights, chattel paper, contract rights, documents, instruments, investment property, choses in action, general intangibles, goodwill and intellectual property, of any kind or nature, wherever located, in which Company has an interest now or in the future, and which are now existing or hereafter created or acquired, together with any and all additions, replacements, accessions and substitutions thereto or therefore, and any proceeds thereof excluding equipment leased by the Company (collectively called the “Collateral”). Gray’s Peak interest is senior to the unsecured debt or lenders of the Company and the Company’s equity holders. Upon the occurrence of any Event of Default, as defined in the agreement, the principal sum, all accrued and unpaid interest owing thereon and all costs and expenses payable pursuant to this Note, shall, at the sole option of Gray’s Peak and with submission of written notice, become immediately due and payable.

As of June 30, 2025 and March 31, 2025, the principal balance outstanding was $343,000 and $243,000, respectively. The notes were included in notes payable – related party on the accompanying condensed balance sheet of which $83,359 and $62,133 of interest was accrued and included in accrued expenses as of June 30, 2025 and March 31, 2025, respectively.

Management

As of June 30, 2025 and March 31, 2025, $433,497, respectively, was included in accounts payable – related parties on the accompanying consolidated balance sheet.

Agentix Corp. 10-Q