NOTE 5 - RELATED PARTY TRANSACTIONS

6 Months Ended

Jun. 30, 2021

Notes

NOTE 5 - RELATED PARTY TRANSACTIONS

NOTE 5 - RELATED PARTY TRANSACTIONS

Accounts Receivable – Related Parties

As of June 30, 2021 and December 31, 2020, the Company was owed $18,553 (net of allowance for doubtful accounts of $6,714) and $17,345, respectively, by an entity controlled by the Company’s CEO for the purchase of products and services.

Accounts Payable – Related Parties

The Company regularly incurs expenses that are paid to related parties and purchases goods and services from related parties. As of June 30, 2021 and December 31, 2020, the Company owed a board member’s company for such expenses, goods and services in the amounts of $128,552 and $121,527, respectively.

Accrued Management Compensation

For the periods ended June 30, 2021 and December 31, 2020, the Company’s president was due amounts for services performed for the Company.

As of June 30, 2021 and December 31, 2020 the accrued management fees consisted of the following:

	June 30,			December 31,
	2021			2020
Amounts due to the president		$	611,888		595,158
Total		$	611,888		595,158