NOTES PAYABLE

9 Months Ended

Sep. 30, 2022

NOTES PAYABLE

Notes Payable

NOTE 6 – NOTES PAYABLE

A third-party lender advanced the Company $3,500 from a third-party lender by paying expenses on behalf of the Company during the nine months ended September 30, 2022. In prior periods, the Company was advanced a total of $391,419 for working capital purposes under a demand note. The advances accrue interest at 10% per annum and are due on demand. The balance on the note was $394,919 and $391,419 and accrued interest was $86,960 and $57,641 as of September 30, 2022 and December 31, 2021, respectively. Interest expense was $29,419 and $24,043 for the nine months ended September 30, 2022 and 2021, respectively.

The Company was advanced $17,500 from a third-party lender by paying expenses on behalf of the Company during the nine months ended September 30, 2022. In prior periods, the Company was advanced a total of $7,500 for working capital purposes under a demand note. The advance accrues interest at 10% per annum and is due on demand. The balance on the note was $25,000 and $7,500 and accrued interest was $1,403 and $633 as of September 30, 2022 and December 31, 2021, respectively. Interest expense was $770 and $444 for the nine months ended September 30, 2022 and 2021, respectively.