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Note 4. Related Party Transactions
3 Months Ended
Mar. 31, 2019
Notes  
Note 4. Related Party Transactions

Note 4.     Related Party Transactions

 

Related Parties Transactions and Indebtedness

 

During the years from 2000 through 2013, certain officers advanced the Company working capital to maintain the Company’s operations. The Company owed the officers $6,500 and - at March 31, 2019 and 2018 respectively.  The Company also owed the officers aggregate of $162,382 at March 31, 2019 and December 31, 2018 for accrued payroll.  During the period of three months ending March 31, 2019, and March 31, 2018 the Company paid gross payroll of $69 and $69 to the CEO and for payroll expenses. On September 24, 2018, Walter Geldenhuys, who is our President, Chief Executive Officer and Chief Financial Officer, and who serves as a member of our Board of Directors loaned the Company $9,000.  On February 1, 2019 Walter Geldenhuys advanced the Company $5,000.  During the three month period ending March 31, 2019, AVRS completed Stock Purchase Agreements totaling 1,800,000 shares of AVRS stock to three shareholders.  All shares were paid in the period ending March 31, 2019, for a total amount of $9,000.  At period ending March 31, 2019, one shareholder owned 5.22% of the issued and outstanding stock.