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NOTE 6 - RELATED PARTY TRANSACTIONS
9 Months Ended
Sep. 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 September 30, 2025 and December 31, 2024, the Company owed related parties for such goods and services in the amounts of $38,502 and $139,834 respectively.

 

Accounts Receivable – Related Parties

 

As of September 30, 2025, and December 31, 2024, the Company was owed $18,167 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 September 30, 2025 and December 31, 2024, the Company’s president was due amounts for accrued employment compensation.

 

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

 

September 30, 2025

 

December 31, 2024

Amounts due to the president

 

$

639,196

 

 

$

636,311

Total

 

$

639,196

 

 

$

636,311