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RELATED PARTY TRANSACTIONS
12 Months Ended
Dec. 31, 2018
RELATED PARTY TRANSACTIONS  
NOTE 7 - RELATED PARTY TRANSACTIONS

The Company is provided office space by one of the officers and directors at no charge. The Company believes that this office space is sufficient for its needs for the foreseeable future.

 

As of December 31, 2018, the company has $50,000 related party deferred revenue for nine months of Advertising services for client in July 1, 2018 through April 1, 2019.

 

As of December 31, 2017, the Company had a payable of $27,008 to Vinot Sambandam, an officer of the Company for services performed.

 

As of December 31, 2017, the Company had a payable of $10,583 to Montse Zaman, director for expenses paid on behalf of the Company. The payable is unsecured, bears no interest and due on demand.

 

As of December 31, 2017, the aggregate outstanding balance of notes payable to related parties was $4,212, net of unamortized discount of $4,648 consisting of loans.

 

As of December 31, 2018 and 2017, the outstanding balance of accounts payable to related parties was $61,156 and 437,591 respectively.

 

As of December 31, 2018, the outstanding balance of convertible notes payable to related parties, $51,926 net of unamortized discount of $38,887. For more details see note 4.

 

As of December 31, 2018 and 2017, the company had an expense of $8,160 and $5,448 respectively to Mike Zaman, a director and CEO of the Company for automobile lease agreements.

 

During the year ended December 31, 2017, the Company paid an aggregate of $5,830 of expenses on behalf of two related entities with common officers and directors. The Company holds investments in these entities. $1,800 was paid back during the year which was treated as a reduction of expenses previously paid.