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

NOTE 4 – RELATED PARTY TRANSACTIONS

 

Due from related party

During the nine months ended September 30, 2023 the Company made advances to a shareholder totaling $40,000, and received repayments totaling $2,568. On September 30, 2023 the Company forgave the receivable and wrote off the balance of $37,432 to Forgiveness of receivable – related party.

 

During the nine months ended September 30, 2023 the Company made advances to a company commonly controlled by a director of the Company totaling $113,882. The advances have 0% interest and are due upon demand.

 

As of September 30, 2023, and December 31, 2022, the Company had amounts due from related party of $113,882 and $0 respectively.

 

Due to related party

During the nine months ended September 30, 2023, the Company borrowed $2,564 from a shareholder for payment of operating expenses and repaid $67,568 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.