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RELATED PARTY TRANSACTIONS
3 Months Ended
Mar. 31, 2022
RELATED PARTY TRANSACTIONS  
Note 5 - Related Party Transactions

NOTE 5 – RELATED PARTY TRANSACTIONS

 

The Company was advanced $26,369 by paying expenses on behalf of the Company during the three months ended March 31, 2022 by its Chief Executive Officer, President and Chairman of the Board (the “CEO”) for working capital purposes. Additionally, 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 $180,741 and $154,372 and accrued interest was $34,264 and $29,641 as of March 31, 2022 and December 31, 2021, respectively. Interest expense was $4,044 and $2,746 for the three months ended March 31, 2022 and 2021, respectively