Company: JUNS
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001261
Chunk: 458

Company: JUPITER NEUROSCIENCES, INC.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 11
Chunk 458
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U improves reportable segment
disclosure requirements, primarily through enhanced disclosure about significant segment expenses. The enhancements under this update
require disclosure of significant segment expenses that are regularly provided to the Chief Operating Decision Maker (“CODM”)
and included within each reported measure of segment profit or loss, require disclosure of other segment items by reportable segment
and a description of the composition of other segment items, require annual disclosures under ASC 280 to be provided in interim
periods, clarify use of more than one measure of segment profit or loss by the CODM, require that the title of the CODM be disclosed with
an explanation of how the CODM uses the reported measures of segment profit or loss to make decisions, and require that entities with
a single reportable segment provide all disclosures required by this update and required under ASC 280. The Company adopted ASU 2023-07
for the annual period ending December 31, 2024.

The Company’s Chief Executive Officer serves as the CODM.

All
other newly issued accounting pronouncements that are not yet effective have been deemed immaterial or nonapplicable.

Note
3 – Related Party Transactions

The
Company’s Chief Executive Officer (CEO) has loaned the Company working capital since inception. The balance of the loans to the
CEO as of December 31, 2024 and 2023 was $146,432 and $358,479, respectively. The loan is due on demand and accrues interest at 3% per
year. Accrued interest relating to the loan was $1,064 and $11,308 as of December 31, 2024 and 2023, respectively, and is included in
accrued interest on the accompanying balance sheets. The Company repaid a total of $100,000 during the year ended December 31, 2024,
$83,880 in principal and $16,120 in accrued interest.

    F-12

JUPITER
NEUROSCIENCES, INC.

NOTES
TO FINANCIAL STATEMENTS

December
31, 2024 and 2023

Note
3 – Related Party Transactions, continued

During
the year ended December 31, 2023, an employee loaned the Company $25,000. The balance of the loan as of December 31, 2024 and 2023, was
$0 and $25,000, respectively. The loan is due on demand and accrues interest at