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RELATED PARTY TRANSACTIONS
9 Months Ended
Sep. 30, 2021
RELATED PARTY TRANSACTIONS  
NOTE 5 - RELATED PARTY TRANSACTIONS

NOTE 5 – RELATED PARTY TRANSACTIONS

 

The Company’s Chief Executive Officer (“CEO”) advanced $25,664 by paying expenses on behalf of the Company during the nine months ended September 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 $136,168 and $110,504 and accrued interest was $26,010 and $17,168 as of September 30, 2021 and December 31, 2020, respectively. Interest expense was $8,843 and $6,955 for the nine months ended September 30, 2021 and 2020, respectively.