Quarterly report pursuant to Section 13 or 15(d)

Related Party Transactions

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Related Party Transactions
6 Months Ended
Jun. 30, 2024
Related Party Transactions [Abstract]  
Related Party Transactions

Note 10 – 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 $77,348 for the three and six months ended June 30, 2024, and $15,681 for the six months ended June 30, 2023, 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 $7,783 and $2,985 for accounting and consulting services for the three months ended June 30, 2024, and 2023, respectively. The Company paid Mr. Maglione’s firm $9,767 and $3,920  for accounting and consulting services during the six months ended June 30, 2024, and 2023, respectively.