NOTE 5 - RELATED PARTY TRANSACTIONS

9 Months Ended

Sep. 30, 2021

Notes

NOTE 5 - RELATED PARTY TRANSACTIONS

NOTE 5 - RELATED PARTY TRANSACTIONS

Accounts Receivable – Related Parties

As of September 30, 2021 and December 31, 2020, the Company was owed $30,475 and $17,345, respectively, by an entity controlled by the Company’s CEO for 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 September 30, 2021 and December 31, 2020, the Company owed a board member’s company for such expenses, goods and services in the amounts of $125,974 and $121,527, respectively.

NOTE 5 - RELATED PARTY TRANSACTIONS (Continued)

Accrued Management Compensation

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

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

	September 30,			December 31,
	2021			2020
Amounts due to the president		$	616,311		$	595,158
Total		$	616,311		$	595,158