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RELATED PARTY TRANSACTIONS
12 Months Ended
Dec. 31, 2021
COMMITMENTS AND CONTINGENCIES  
14. RELATED PARTY TRANSACTIONS

14. RELATED PARTY TRANSACTIONS

 

On July 26, 2021, the Company entered into a securities purchase agreement with Mr. Richard DeCicco,, Chairman, pursuant to which the Company purchased from Mr. DeCicco, and Mr. DeCicco sold, all of the issued and outstanding capital stock of United (See Note 5).

 

On December 6, 2019 the Company executed a Financial Services Agreement with InnoAccel Solutions (“InnoAccel”), LLC, a controlling member of the Toppop. InnoAccel had agreed to provide financial and administrative services for the company in exchange for hourly compensations.

 

The Company has agreed to keep this agreement in place and for the year ended December 31, 2021 the company has recorded consulting expense of $75,000.