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NOTE 4 – RELATED PARTY TRANSACTIONS
6 Months Ended
Jun. 30, 2023
Related Party Transactions [Abstract]  
NOTE 4 – RELATED PARTY TRANSACTIONS

NOTE 4 – RELATED PARTY TRANSACTIONS

 

Due from related party

During the six months ended June 30, 2023 the Company made advances to a shareholder totaling $40,000. The advances have 0% interest and are due upon demand.

 

During the six months ended June 30, 2023 the Company made advances to a company commonly controlled by a director of the Company totaling $40,000. The advances have 0% interest and are due upon demand.

 

As of June 30, 2023, and December 31, 2022, the Company had amounts due from related party of $80,000 and $0 respectively.

 

Due to related party

During the six months ended June 30, 2023, the Company borrowed $1,657 from a shareholder for payment of operating expenses and repaid $65,000 of advances to the same shareholder. The advances have 0% interest and are due upon demand. As of June 30, 2023, and December 31, 2022, the Company had amounts due to related party of $6,360 and $69,703 respectively.