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Related Party Transactions
3 Months Ended
Mar. 31, 2019
Related Party Transactions [Abstract]  
Related Party Transactions

NOTE 3 – RELATED PARTY TRANSACTIONS

 

In the first quarter of 2019 the Company borrowed an additional $14,500 from Chong Corporation, a common control entity. The balance outstanding at March 31, 2019 due Chong Corporation is $641,544. The loan is unsecured, noninterest bearing and due on demand.

 

We maintain our corporate offices at 5550 Nicollet Avenue, Minneapolis, MN 55419. We lease the premises from 5550 Nicollet, LLC, an affiliate of Mr. Chong, having renewed the lease in December 2018 for an additional 12-month term at an annual rental of $9,300 with expiration on December 31, 2019. Rent was $2,325 for this three-month period in both 2019 and 2018. As of March 31, 2019, $5,425 is due to 5550 Nicollet LLC.