Company: JUNS
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023603
Chunk: 54

Company: JUPITER NEUROSCIENCES, INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 2
Chunk 54
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 the possibility of a one or more out-licensing agreements in the territory.

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Contractual
Obligations

We
do not have any long-term capital lease obligations, operating lease obligations or long-term liabilities, except as follows:

Notes
Payable to Related Parties and Other 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 September 30, 2025 and December 31, 2024 and 2023 was $146,432. The loan is due on demand and accrues interest at 3% per year.
Accrued interest relating to the loan was $4,350 and $1,064 as of September 30, 2025 and December 31, 2024, respectively, and is included
in accrued interest on the accompanying balance sheets. See Note 9 – Subsequent Events – Notes payable, related party
for repayment of notes.

As of September 30, 2025 and December 31, 2024, $136,105 and $64,105, respectively,
were payable to Titan Advisory Services LLC (“Titan”), a company wholly owned by the Company’s Chief Financial Officer, pursuant to
a Master Services Agreement (“MSA”) dated December 31, 2022. Under the MSA, Titan provides executive finance and corporate
support services to the Company, including services by Saleem Elmasri as Chief Financial Officer.

Critical
Accounting Policies

Our
accounting policies are more fully described in Note 2 – Significant accounting policies to our consolidated financial statements
included as part of this Quarterly Report on Form 10-Q and our Annual Report on Form 10-K.

30

ITEM
3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

Not
applicable.

ITEM
4. CONTROLS AND PROCEDURES

Evaluation
of Disclosure Controls and Procedures

Disclosure
controls are procedures that are designed with the objective of ensuring that information required to be disclosed in our reports filed
under the Exchange Act, such as this Quarterly Report on Form 10-Q, is recorded, processed, summarized, and reported within the time
period specified in the SEC’s rules and forms. Disclosure controls are also designed with the objective of ensuring that such information
is accumulated and communicated to our management, including the Chief Executive Officer and Chief Financial Officer, as appropriate,
to allow timely decisions regarding required disclosure