LINE OF CREDIT / LOANS - RELATED PARTIES

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

LINE OF CREDIT / LOANS - RELATED PARTIES

NOTE 7. LINE OF CREDIT / LOANS - RELATED PARTIES

The Company considers its founders, managing directors, employees, significant shareholders, and the portfolio Companies to be affiliates. In addition, companies controlled by any of the above named is also classified as affiliates.

Line of credit from related party consisted of the following:

	March 31, 2024		December 31, 2023
May 20, 2020 (line of credit) Line of credit with maturity date of May 4, 2025 with 0% interest per annum with unpaid principal balance and accrued interest payable on the maturity date.		32,302		326,584
Total Line of credit - related party		32,302		326,584
Less: current portion
Total Long-term Line of credit - related party	$	32,302	$	326,584

Los Angeles Community Capital - $1,500,000 line of credit

On May 5, 2020, the Company amended its line of credit agreement to increase it to the amount to $1,500,000 with maturity date of May 4, 2025. The line of credit bears interest at 0% per annum and interest and unpaid principal balance is payable on the maturity date. The Company has a total balance of $32,302 As of March 31, 2024.