Company: AIBT
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001096906-25-001375
Chunk: 19

Company: AIBOTICS, INC.
Filing Date: 2025-08-19
Form: 10-Q
Item: Item 8
Chunk 19
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 and December 31, 2024, the Company had cash compensation outstanding as accrued expense - related party due to the Aibotics Consulting Agreement of $958,000 and $864,000, respectively. During the three and six months ended June 30, 2025 and 2024, the Company recognized stock-based compensation of $0 and $0, respectively, from Warrants issued in connection with the Aibotics Consulting Agreement.  The Company records stock-based compensation on the consolidated income statement as general and administrative expense. 
 
Significant terms of the Aibotics Consulting Agreement are as follows:
 
Annual Base Consulting Fee
 
Every calendar month the Company pays the CEO a consulting fee of $24,000, with an annual total fee of $288,000. 
 
Bonus Compensation Milestones 
 
The CEO was granted a Warrant to purchase that number of shares of Aibotics common stock equal to 5% of the issued and outstanding Aibotics common shares, on a fully diluted basis. The Warrant had an exercise price of $0.01 per share and expired on November 16, 2023.
 
During the year ended December 31, 2024, the Company issued 0 vested Aibotics warrant shares in accordance with the Warrant valued at $0 (see Note 7 – Stockholders’ Equity).

12

The Company will pay the CEO a bonus in Aibotics restricted stock or restricted stock units based on the following EBITDA milestones. As of June 30, 2025, no EBITDA milestones were met, and no amounts have been recorded for the bonus milestones.
 
Bonus 

EBITDA Milestones 

$
100,000

1st $1,000,000

$
100,000

2nd $1,000,000

$
100,000

3rd $1,000,000

$
100,000

4th $1,000,000

$
100,000

5th $1,000,000

The Company will pay the CEO a bonus in restricted stock or restricted stock units based on the following Aibotics market capitalization by maintaining the below market cap for Aibotics for a period of 22 consecutive trading days:
 
Bonus (Shares)

Market Capitalization Milestone 

250,000

$
30,000,000

250,000

$
40,000,000

250,000

$
60,000,000