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5. Related Party Transaction
9 Months Ended
Sep. 30, 2022
Related Party Transactions [Abstract]  
5. Related Party Transaction

5. Related Party Transaction 

 

In support of the Company’s efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by officers, directors, or shareholders. Amounts represent advances or amounts paid in satisfaction of liabilities and related parties consist of officers, shareholders and associated entities.

 

During the nine-months period ended September 30, 2022 and twelve-months period ended December 31, 2021, related parties loaned the company $65,180 and $91,529 respectively to pay for operating expenses. As at September 30, 2022 and December 31, 2021, the company owed its related parties $307,542 and $242,362 respectively. The loan is non-interest bearing, due upon demand and unsecured.