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RELATED PARTY TRANSACTIONS
6 Months Ended
Jun. 30, 2021
RELATED PARTY TRANSACTIONS  
NOTE 5 - RELATED PARTY TRANSACTIONS

NOTE 5 – RELATED PARTY TRANSACTIONS

 

The Company’s Chief Executive Officer (“CEO”) advanced $5,980 by paying expenses on behalf of the Company during the six months ended June 30, 2021 for working capital purposes. The Company accrues $500 per month for rent and use of the CEO’s office space. The loans bear interest at 10% per annum and are payable on demand. The balance of the loans were $119,484 and $110,504 and accrued interest was $22,797 and $17,168 as of June 30, 2021 and December 31, 2020, respectively. Interest expense was $5,629 and $4,444 for the six months ended June 30, 2021 and 2020, respectively