SUBSEQUENT EVENTS	9 Months Ended
Sep. 30, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	(5) SUBSEQUENT EVENTS On November 5, 2024, Yale Transaction Finders, Inc., a Delaware corporation (the “Company”), issued convertible promissory notes (the “November 2024 Notes”) in the aggregate principal amount of $15,000 to (i) Ironbound Partners Fund, LLC, an affiliate of the Company’s Chief Executive Officer, (ii) Moyo Partners, LLC, an affiliate of the Company’s President and Treasurer, and (iii) Dakota Group, LLC. The November 2024 Notes have a maturity date of December 31, 2025 and bear interest at the rate of 5.0% per annum, payable at maturity. The principal and accrued interest on the November 2024 Notes are convertible, at the election of the holders, into shares of the Company’s common stock following the consummation of a “Qualified Financing” (as defined in the November 2024 Notes), or upon the consummation of a “Fundamental Transaction” (as defined in the November 2024 Notes) at the “Conversion Price” (as defined in the November 2024 Notes). The proceeds of the November 2024 Notes have been and will be utilized by the Company to fund working capital needs.

SUBSEQUENT EVENTS

9 Months Ended

Sep. 30, 2024

(5) SUBSEQUENT EVENTS

On November 5, 2024, Yale Transaction Finders, Inc., a Delaware corporation (the “Company”), issued convertible promissory notes (the “November 2024 Notes”) in the aggregate principal amount of $15,000 to (i) Ironbound Partners Fund, LLC, an affiliate of the Company’s Chief Executive Officer, (ii) Moyo Partners, LLC, an affiliate of the Company’s President and Treasurer, and (iii) Dakota Group, LLC. The November 2024 Notes have a maturity date of December 31, 2025 and bear interest at the rate of 5.0% per annum, payable at maturity. The principal and accrued interest on the November 2024 Notes are convertible, at the election of the holders, into shares of the Company’s common stock following the consummation of a “Qualified Financing” (as defined in the November 2024 Notes), or upon the consummation of a “Fundamental Transaction” (as defined in the November 2024 Notes) at the “Conversion Price” (as defined in the November 2024 Notes). The proceeds of the November 2024 Notes have been and will be utilized by the Company to fund working capital needs.

Yale Transaction Finders, Inc. 10-Q