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RELATED PARTY TRANSACTIONS
6 Months Ended
Jun. 30, 2020
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

7. RELATED PARTY TRANSACTIONS

 

The Company is periodically advanced noninterest bearing operating funds from related parties. The advances are due on demand and unsecured. During the six months ended June 30, 2020, the Company made payments of $3,500 to amounts due to related parties, and $10,200 was advanced to the Company by related parties. As of June 30, 2020 and December 31, 2019, the Company owed related parties $97,830 and $91,130, respectively. During the six months ended June 30, 2020, the Company recorded imputed interest of $6,873 to the statement of operations with a corresponding increase to additional paid in capital. As of June 30, 2020 and December 31, 2019, the Company recorded accounts payable due to related parties of $31,269 and $31,269, respectively.