RELATED PARTY TRANSACTIONS

6 Months Ended

Jun. 30, 2021

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

NOTE 4 – RELATED PARTY TRANSACTIONS

In the first six months of 2021 the Company did not borrow from or make any debt repayments to Xten Capital Group (“Xten”), a common control entity. The balance outstanding at June 30, 2021 due Xten is $255,544. The loan is unsecured, noninterest bearing and due on demand. While in the first six months of 2020 the Company borrowed $2,500 from Xten and repaid $250,000 to Xten leaving a balance due to Xten at June 30, 2020 of $455,544.

We maintain our corporate offices at 5550 Nicollet Avenue, Minneapolis, MN 55419. We lease the premises from 5550 Nicollet, LLC, a company owned by Mr. Chong. In December 2020 we entered into a month-to-month lease that began January 1, 2021 with a monthly rental rate of $775. As of June 30, 2021 there is no outstanding balance due to 5550 Nicollet LLC.