RELATED PARTY TRANSACTIONS	3 Months Ended
Mar. 31, 2021
Notes to Financial Statements
RELATED PARTY TRANSACTIONS	NOTE 9 – RELATED PARTY TRANSACTIONS During the three month period ended March 31, 2021, the Company has had extensive dealings with related parties including the following: The Company issued 8,734,640 shares of restricted common stock to a related party to settle $20,302 of accrued interest owed on sixteen convertible notes payable. During the three month period ended March 31, 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. This note is currently in default due to non payment of principal and interest upon maturity. Additional related party transactions: The Company has an informal consulting agreement with a limited liability company that is owned and controlled by a person who is related to its CEO to provide general business consulting services including periodically assessing the Company’s business and advising 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 three month periods ended March 31, 2021 and 2020, the Company paid the related party limited liability company consulting fees of $3,000 and $19,000, respectively, for services rendered. These fees are recorded as an expense in consulting and contractor expenses in the accompanying consolidated statements of operations. At March 31, 2021 and December 31, 2020, the Company owed the related party limited liability company $1,425 and $0, respectively, which is included in accounts payable and accrued expenses on the consolidated balance sheets 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 three month periods ended March 31, 2021 and 2020 the Company paid the related party limited liability company fees of $5,375 and $3,270, respectively, for services rendered. These fees are recorded as an expense in consulting and contractor expenses in the accompanying consolidated statements of operations. All of the fees paid to the related party limited liability company are recorded as an expense in consulting and contractor expenses in the accompanying consolidated statements of operations. At March 31, 2021 and December 31, 2020, the Company owed the related party limited liability company $0 and $2,978, respectively, which is included in accounts payable and accrued expenses on the consolidated balance sheets. During the three month periods ended March 31, 2021 and 2020, the Company paid a related party consultant fees of $10,000 and $3,750, respectively for marketing and administrative services rendered to the Company’s Blockchain subsidiary. All of the fees paid to the related party consultant are recorded as an expense in consulting and contractor expenses in the accompanying consolidated statements of operations. At March 31, 2021 and December 31, 2020, the Company owed the related party consultant $0 and $2,500, respectively, which is included in accounts payable and accrued expenses on the consolidated balance sheets. Shareholder Loan At March 31, 2021 and December 31, 2020, 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 March 31, 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

3 Months Ended

Mar. 31, 2021

NOTE 9 – RELATED PARTY TRANSACTIONS

During the three month period ended March 31, 2021, the Company has had extensive dealings with related parties including the following:

The Company issued 8,734,640 shares of restricted common stock to a related party to settle $20,302 of accrued interest owed on sixteen convertible notes payable.

During the three month period ended March 31, 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. This note is currently in default due to non payment of principal and interest upon maturity.

Additional related party transactions:

The Company has an informal consulting agreement with a limited liability company that is owned and controlled by a person who is related to its CEO to provide general business consulting services including periodically assessing the Company’s business and advising 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 three month periods ended March 31, 2021 and 2020, the Company paid the related party limited liability company consulting fees of $3,000 and $19,000, respectively, for services rendered. These fees are recorded as an expense in consulting and contractor expenses in the accompanying consolidated statements of operations. At March 31, 2021 and December 31, 2020, the Company owed the related party limited liability company $1,425 and $0, respectively, which is included in accounts payable and accrued expenses on the consolidated balance sheets

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 three month periods ended March 31, 2021 and 2020 the Company paid the related party limited liability company fees of $5,375 and $3,270, respectively, for services rendered. These fees are recorded as an expense in consulting and contractor expenses in the accompanying consolidated statements of operations. All of the fees paid to the related party limited liability company are recorded as an expense in consulting and contractor expenses in the accompanying consolidated statements of operations. At March 31, 2021 and December 31, 2020, the Company owed the related party limited liability company $0 and $2,978, respectively, which is included in accounts payable and accrued expenses on the consolidated balance sheets.

During the three month periods ended March 31, 2021 and 2020, the Company paid a related party consultant fees of $10,000 and $3,750, respectively for marketing and administrative services rendered to the Company’s Blockchain subsidiary. All of the fees paid to the related party consultant are recorded as an expense in consulting and contractor expenses in the accompanying consolidated statements of operations. At March 31, 2021 and December 31, 2020, the Company owed the related party consultant $0 and $2,500, respectively, which is included in accounts payable and accrued expenses on the consolidated balance sheets.

Shareholder Loan

At March 31, 2021 and December 31, 2020, 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 March 31, 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.