RELATED PARTY TRANSACTIONS

9 Months Ended

Sep. 30, 2022

RELATED PARTY TRANSACTIONS

Related Party Transactions

NOTE 5 – RELATED PARTY TRANSACTIONS

The Chief Executive Officer/Chairman of the Board (“CEO”) advanced $79,083 to the Company by paying expenses on its behalf during the nine months ended September 30, 2022 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 was $233,455 and $154,372 and accrued interest was $44,074 and 29,641 as of September 30, 2022 and December 31, 2021, respectively. Interest expense was $14,432 and $8,843 for the nine months ended September 30, 2022 and 2021, respectively