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SETTLEMENT LIABILITY
12 Months Ended
Dec. 31, 2022
Settlement Liability  
SETTLEMENT LIABILITY

NOTE 6 – SETTLEMENT LIABILITY

 

On September 15, 2022, the Company was informed through its counsel in regard to a past due note payable, with an unrelated third party, from 2017 in the amount of $60,217 along with calculated past due interest of $75,699 resulting in a total amount due of $139,821. On September 24, 2022, the Company entered into a 90-day Standstill Agreement relating to the claim against the Company. The Company has acknowledged the liability and has booked $139,821 as a Settlement Liability as of December 31, 2022.