Quarterly report [Sections 13 or 15(d)]

Related Party Transactions

v3.25.2
Related Party Transactions
6 Months Ended
Jun. 30, 2025
Related Party Transactions [Abstract]  
Related Party Transactions

Note 10 – Related Party Transactions

 

Nexxis Capital LLC

  

Charles M. Piluso (Chairman and CEO) and Harold J. Schwartz (President) collectively own 100% of Nexxis Capital LLC (“Nexxis Capital”). Nexxis Capital was formed to purchase equipment and provide leases to Nexxis Inc.’s customers. The Company received from Nexxis Capital $3,257 for the three and six months ended June 30, 2025, and $77,348 for the three and six months ended June 30, 2024, respectively.

 

Eisner & Maglione CPA’s LLC

 

Lawrence Maglione, a member of the Board of Directors, is a partner of Eisner & Maglione CPA’s LLC. The Company paid Mr. Maglione’s firm $21,231 and $5,108 for accounting and consulting services for the three months ended June 30, 2025, and 2024, respectively. The Company paid Mr. Maglione’s firm $27,739 and $15,083 for accounting and consulting services during the six months ended June 30, 2025, and 2024, respectively.