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NOTE 6 - RELATED PARTY TRANSACTIONS
9 Months Ended
Sep. 30, 2022
Notes  
NOTE 6 - RELATED PARTY TRANSACTIONS

NOTE 6 - RELATED PARTY TRANSACTIONS

 

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, 2022 and December 31, 2021, the Company owed board members and a board member’s company for such services in the amounts of $129,238 and $124,472, respectively.

 

Accrued Management Compensation

For the periods ended September 30, 2022 and December 31, 2021, the Company’s president was due $638,042 and $620,735, respectively.