RELATED PARTY TRANSACTIONS	9 Months Ended
Sep. 30, 2020
Notes to Financial Statements
RELATED PARTY TRANSACTIONS	NOTE 9 – RELATED PARTY TRANSACTIONS During the nine month period ended September 30, 2020, the Company has had extensive dealings with related parties including the following: In January of 2020, the Company entered into a convertible promissory note agreement in the amount of $51,000 with a related party who is a member of the Board of Directors. This note pays interest at a rate of 6% per annum and the principal and accrued interest was due on or before June 30, 2020. The note is unsecured and is convertible at the lender’s option into shares of the Company’s common stock at a rate of $0.003 per share. In August of 2020, the Company entered into a convertible promissory note agreement in the amount of $25,200 with a related party who is a member of the Board of Directors. This note pays interest at a rate of 6% per annum and the principal and accrued interest was due on or before February 6, 2021. The note is unsecured and is convertible at the lender’s option into shares of the Company’s common stock at a rate of $0.0035 per share. In August of 2020, the Company entered into a convertible promissory note agreement in the amount of $35,000 with a related party. This note pays interest at a rate of 6% per annum and the principal and accrued interest was due on or before February 6, 2021. The note is unsecured and is convertible at the lender’s option into shares of the Company’s common stock at a rate of $0.0035 per share. In August of 2020, the Company entered into a convertible promissory note agreement in the amount of $50,400 with a related party who is a member of the Board of Directors. This note pays interest at a rate of 6% per annum and the principal and accrued interest was due on or before February 14, 2021. The note is unsecured and is convertible at the lender’s option into shares of the Company’s common stock at a rate of $0.0035 per share. The Company’s Board of Directors had previously approved a compensation package including a salary for its CEO. The Company began paying its CEO a salary of $10,000 per month in April of 2020. For the nine month periods ended September 30, 2020 and 2019 the Company has paid its CEO $$60,000 and $0, respectively and these amounts are included in general and administrative expense in the condensed consolidated statements of operations. The Company has an informal consulting agreement with a limited liability company that is owned and controlled by a person who is related to the Company’s CEO to pay the related party limited liability company a minimum of $4,000 per month plus periodic bonuses to provide general business consulting and to assess the Company’s business and to advise management with respect to an appropriate business strategy on an ongoing basis, commenting on proposed corporate decisions, perform period background research including background checks and provide investigative information on individuals and companies and to assist, when needed, as an administrative specialist to perform various administrative duties and clerical services including reviewing the Company’s agreements and books and records. The consultant provides the services under the direction and supervision of the Company’s CEO. During the nine month periods ended September 30, 2020 and 2019 the Company paid the related party consultant $37,000 and $62,289, respectively, which is included in consulting and contracting expense in the condensed consolidated statements of operations. At September 30, 2020 and December 31, 2019, the Company owed the related party consultant $0 for services rendered. The Company has an ongoing agreement with a limited liability company that is owned and controlled by a person who is related to the Company’s CEO to provide stock transfer agency services. During the nine month periods ended September 30, 2020 and 2019 the Company paid the related party consultant $5,243 and $17,011, respectively, which is included in consulting and contracting expense in the condensed consolidated statements of operations. At September 30, 2020 and December 31, 2019, the Company owed the related party consultant $475 and $2,978, respectively, for services rendered. Blockchain LogisTech, LLC has an agreement with a person related to the Company’s CEO to provide marketing and administrative consulting services. During the nine month period ended September 30, 2020 the Company paid the related party consultant fees $11,250 for services rendered. During the nine month periods ended September 30, 2020 and 2019 the Company paid the related party consultant $11,250 and $0, respectively, which is included in consulting and contracting expense in the condensed consolidated statements of operations. At September 30, 2020 and December 31, 2019, the Company owed the related party consultant $0 for services rendered. Shareholder Loans At September 30, 2020 and December 31, 2019, the Company had a loan outstanding to its CEO in the amount of $1,500. The loan has a 2% annual rate of interest and an option to convert the loan into restricted shares of the Company’s common stock at $0.0005. At September 30, 2020, the following promissory notes and shareholder loans were outstanding to related parties: See Note 6 convertible notes payable – related parties, convertible notes payable – related parties, in default, and notes payable - related parties, in default.

RELATED PARTY TRANSACTIONS

9 Months Ended

Sep. 30, 2020

NOTE 9 – RELATED PARTY TRANSACTIONS

During the nine month period ended September 30, 2020, the Company has had extensive dealings with related parties including the following:

In January of 2020, the Company entered into a convertible promissory note agreement in the amount of $51,000 with a related party who is a member of the Board of Directors. This note pays interest at a rate of 6% per annum and the principal and accrued interest was due on or before June 30, 2020. The note is unsecured and is convertible at the lender’s option into shares of the Company’s common stock at a rate of $0.003 per share.

In August of 2020, the Company entered into a convertible promissory note agreement in the amount of $25,200 with a related party who is a member of the Board of Directors. This note pays interest at a rate of 6% per annum and the principal and accrued interest was due on or before February 6, 2021. The note is unsecured and is convertible at the lender’s option into shares of the Company’s common stock at a rate of $0.0035 per share.

In August of 2020, the Company entered into a convertible promissory note agreement in the amount of $35,000 with a related party. This note pays interest at a rate of 6% per annum and the principal and accrued interest was due on or before February 6, 2021. The note is unsecured and is convertible at the lender’s option into shares of the Company’s common stock at a rate of $0.0035 per share.

In August of 2020, the Company entered into a convertible promissory note agreement in the amount of $50,400 with a related party who is a member of the Board of Directors. This note pays interest at a rate of 6% per annum and the principal and accrued interest was due on or before February 14, 2021. The note is unsecured and is convertible at the lender’s option into shares of the Company’s common stock at a rate of $0.0035 per share.

The Company’s Board of Directors had previously approved a compensation package including a salary for its CEO. The Company began paying its CEO a salary of $10,000 per month in April of 2020. For the nine month periods ended September 30, 2020 and 2019 the Company has paid its CEO $$60,000 and $0, respectively and these amounts are included in general and administrative expense in the condensed consolidated statements of operations.

The Company has an informal consulting agreement with a limited liability company that is owned and controlled by a person who is related to the Company’s CEO to pay the related party limited liability company a minimum of $4,000 per month plus periodic bonuses to provide general business consulting and to assess the Company’s business and to advise management with respect to an appropriate business strategy on an ongoing basis, commenting on proposed corporate decisions, perform period background research including background checks and provide investigative information on individuals and companies and to assist, when needed, as an administrative specialist to perform various administrative duties and clerical services including reviewing the Company’s agreements and books and records. The consultant provides the services under the direction and supervision of the Company’s CEO. During the nine month periods ended September 30, 2020 and 2019 the Company paid the related party consultant $37,000 and $62,289, respectively, which is included in consulting and contracting expense in the condensed consolidated statements of operations. At September 30, 2020 and December 31, 2019, the Company owed the related party consultant $0 for services rendered.

The Company has an ongoing agreement with a limited liability company that is owned and controlled by a person who is related to the Company’s CEO to provide stock transfer agency services. During the nine month periods ended September 30, 2020 and 2019 the Company paid the related party consultant $5,243 and $17,011, respectively, which is included in consulting and contracting expense in the condensed consolidated statements of operations. At September 30, 2020 and December 31, 2019, the Company owed the related party consultant $475 and $2,978, respectively, for services rendered.

Blockchain LogisTech, LLC has an agreement with a person related to the Company’s CEO to provide marketing and administrative consulting services. During the nine month period ended September 30, 2020 the Company paid the related party consultant fees $11,250 for services rendered. During the nine month periods ended September 30, 2020 and 2019 the Company paid the related party consultant $11,250 and $0, respectively, which is included in consulting and contracting expense in the condensed consolidated statements of operations. At September 30, 2020 and December 31, 2019, the Company owed the related party consultant $0 for services rendered.

Shareholder Loans

At September 30, 2020 and December 31, 2019, the Company had a loan outstanding to its CEO in the amount of $1,500. The loan has a 2% annual rate of interest and an option to convert the loan into restricted shares of the Company’s common stock at $0.0005.

At September 30, 2020, the following promissory notes and shareholder loans were outstanding to related parties:

See Note 6 convertible notes payable – related parties, convertible notes payable – related parties, in default, and notes payable - related parties, in default.