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Related Party Transactions (Tables)
12 Months Ended
Dec. 31, 2023
Related Party Transactions  
Schedule of balance of amounts due to and due from related parties

 

 

Due from

related party

 

 

Due to

related party

 

 

Net due

(to) from

 

December 31, 2023

 

 

 

 

 

 

 

 

 

Simmax Corp. & majority owner

 

$334,437

 

 

$(643,121 )

 

$(308,684 )

Adco Power Ltd.

 

 

-

 

 

 

-

 

 

 

-

 

 

 

$334,437

 

 

$(643,121 )

 

$(308,684 )

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

Simmax Corp. & majority owner

 

$327,132

 

 

$(629,073 )

 

$(301,941 )

Adco Power Ltd.

 

 

-

 

 

 

-

 

 

 

-

 

 

 

$327,132

 

 

$(629,073 )

 

$(301,941 )
Schedule of notes payable to related parties

 

 

Years Ended

 

 

 

December 31,

 

 

 

2023

 

 

2022

 

 

 

 

 

 

 

 

Total notes payable to related parties

 

$986,017

 

 

$684,069

 

Less current portion of notes payable - related parties

 

 

(407,154)

 

 

(56,916 )

Notes payable - related parties, net of current portion

 

$578,863

 

 

$627,153