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RELATED PARTY TRANSACTIONS
9 Months Ended
Sep. 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 nine months ended September 30, 2020, the Company made payments of $15,877 to amounts due to related parties, and $12,822 was advanced to the Company by related parties. As of September 30, 2020 and December 31, 2019, the Company owed related parties $88,076 and $91,130, respectively. During the nine months ended September 30, 2020, the Company recorded imputed interest of $10,226 to the statement of operations with a corresponding increase to additional paid in capital. As of September 30, 2020 and December 31, 2019, the Company recorded accounts payable due to related parties of $31,269 and $31,269, respectively.