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NOTE 11 - RELATED PARTY TRANSACTIONS
12 Months Ended
Dec. 31, 2023
Notes  
NOTE 11 - RELATED PARTY TRANSACTIONS

NOTE 11 – 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 December 31, 2023, the Company owed two board members for such services $129,950 and a board member’s company for such goods in the amounts of $1,335.

 

Accounts Receivable – Related Parties

 

As of December 31, 2023, and December 31, 2022, the Company was owed $1,304 and $2,252, respectively, by an entity controlled by the Company’s CEO for the purchase of products and services.

 

Accrued Management Expenses

 

During the periods ended December 31, 2023, and December 31, 2022, the Company’s president was due amounts for services performed for the Company. As of December 31, 2023, and December 31, 2022 the accrued management fees consisted of the following:

 

December 31, 2023

 

December 31, 2022

Amounts due to the president

$

635,158

 

$

635,158

Total

$

635,158

 

$

635,158