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5. Related Party Transaction
12 Months Ended
Dec. 31, 2023
Related Party Transactions [Abstract]  
5. Related Party Transaction

5. Related Party Transaction 

 

On February 18, 2020, the Company executed a promissory note of $1,500 with the legal custodian of the Company.  The note is due August 18, 2020.  If the Company defaults on the due date, the promissory note shall be convertible into shares of common stock at the conversion price of $.00036 per share.

 

On February 25, 2020, the Company executed a promissory note of $1,760 with the legal custodian of the Company.  The note is due August 25, 2020.  If the Company defaults on the due date, the promissory note shall be convertible into shares of common stock at the conversion price of $.00036 per share.

 

On March 13, 2020, the Company executed a promissory note of $2,610 with the legal custodian of the Company.  The note is due September 13, 2020.  If the Company defaults on the due date, the promissory note shall be convertible into shares of common stock at the conversion price of $.00036 per share.

 

On March 20, 2020, the Company executed a promissory note of $1,760 with the legal custodian of the Company.  The note is due September 25, 2020.  If the Company defaults on the due date, the promissory note shall be convertible into shares of common stock at the conversion price of $.00036 per share.

 

During the year ended December 31, 2020, the legal custodian additionally advanced the Company $27,117 to pay operating expenses.  These advances are non-interest bearing and payable upon demand, the Company repaid $6,000 of advances to the legal custodian of the Company.

 

On July 2, 2020, the Company executed a promissory note of $3,000 with the Chief Executive Officer of the Company.  The note is due August 18, 2020.  If the Company defaults on the due date, the promissory note shall be convertible into shares of common stock at the conversion price of $.00038 per share.

 

During the year ended December 31, 2020, the Chief Executive Officer additionally advanced the Company $33,813 to pay operating expenses.  These advances are non-interest bearing and payable upon demand.