Stockholder Loans - Related Parties

3 Months Ended

Mar. 31, 2020

Stockholder Loans - Related Parties

Stockholder Loans - Related Parties

NOTE C – STOCKHOLDER LOANS – RELATED PARTIES

The Company received loans from Service Merchants Corp, a related party, towards operating expenses. The loans are unsecured, non-interest bearing and due on demand. As of March 31, 2020 and December 31, 2019, $9,700 was due to Service Merchant Corp.

The Company received loans from a shareholder of the company through Global Merchant Corp, a related party, towards various operating expenses. The loans are unsecured, non-interest bearing and due on demand. As of March 31, 2020 and December 31, 2019, $12,889 was due to Global Merchant Corp.

During the three months ended March 31, 2020, the Company received a loan totaling $3,600 towards operating expenses. The loans are unsecured, non-interest bearing and due on demand. As of March 31, 2020 and December 31, 2019, $53,350 and $49,750 respectively, was due to Sterling Investment Corp.

The Company received a loan from Earth Wind Power Corp, a related party, towards operating expenses. The loan is unsecured, non-interest bearing and due on demand. As of March 31, 2020 and December 31, 2019, $198 was due to Earth Wind Power Corp.

As of March 31, 2020 and December 31, 2019, $76,137 and $72,537 respectively, was total due to stockholders loans.