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SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2022
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS

NOTE 10 - SUBSEQUENT EVENTS

 

As of July 11th the Company entered into an agreement with RB Capital Partners to consolidate all past Notes totaling 1,050,000 into one Note which amount represents the amount owed to the Holder as of July 15, 2022.

 

As of June 30, 2022, the Company has arranged financing of $200,000. These funds will provide adequate capital funds to operate its business going forward, as the Company works to fill its current housing orders. The Company drew down $50,000 in July.

 

Recently completed was building site foundation work and manufacturing of a 400 sq. ft. model home. This display home unit has been sold to a Real Estate developer whose plans include an extensive area marketing effort.

 

This quarter the company has additionally entered into an agreement to build two 1,500 square foot homes in the North Western part of Washington State. The building plan design phase is near completion and a goal of beginning site construction work is set for early of 2023.

Additionally, through working with this same contractor indications are that there may be as many as (50) 400 sq. ft. duplexes for a developer in the state of Utah.

 

Currently the Company is well into the manufacturing and building process of the first of two 400 sq. ft. homes located in The Dalles Oregon. The first home should be completed and ready for occupancy in the next few weeks.

 

In accordance with ASC 855, the Company has analyzed its operations subsequent to June 30, 2022 through the date these financial statements were issued, and has determined that there were no material subsequent events to disclose in these financial statements, other than referenced above.