Quarterly report [Sections 13 or 15(d)]

Related Party Transactions

v3.25.3
Related Party Transactions
9 Months Ended
Sep. 30, 2025
Related Party Transactions [Abstract]  
Related Party Transactions

Note 9 – Related Party Transactions

 

Nexxis Capital LLC

 

Charles M. Piluso (Chairman and CEO) and Harold 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 $0 and $0 for the three and nine months ended September 30, 2025, and $3,257 and $7,348 for the three and nine months ended September 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 $7,878 and $5,075 for accounting and consulting services for the three months ended September 30, 2025, and 2024, respectively. The Company paid Mr. Maglione’s firm $35,616 and $13,908 for accounting and consulting services during the nine months ended September 30, 2025, and 2024, respectively.