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NOTE 6 - RELATED PARTY TRANSACTIONS
6 Months Ended
Jun. 30, 2025
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 for purchases of goods and services from related parties. As of June 30, 2025 and December 31, 2024, the Company owed related parties for such goods and services in the amounts of $140,516 and $139,834, respectively.

 

Accounts Receivable – Related Parties

As of June 30, 2025, and December 31, 2024, the Company was owed $13,089 and $3,088, respectively, by an entity controlled by the Company’s CEO for the purchase of products and services.

 

Accrued Management Compensation

For the periods ended June 30, 2025 and December 31, 2024, the Company’s president was due amounts for accrued employment compensation.

 

As of June 30, 2025, and December 31, 2024, the accrued amounts consisted of the following:

 

 

June 30,

 

December 31,

 

2025

 

2024

Amounts due to the president

$

635,734

 

$

636,311

Total

$

635,734

 

$

636,311