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NOTE 8 - SUBSEQUENT EVENTS
9 Months Ended
Sep. 30, 2025
Notes  
NOTE 8 - SUBSEQUENT EVENTS

NOTE 8 – SUBSEQUENT EVENTS

 

Auto Parts Division:

 

In accordance with ASC 855-10, the Company has analyzed its operations subsequent to the year ended December 31, 2024 to the date these financials statements were issued, and determined that there is no significant material subsequent event to disclose in these financial statements.

 

1. A few merger and acquisition proposals are also being considered. Once any firm negotiation is arrived at, then appropriate announcements shall be made public.

 

2. The company received a sum of $301,997.26 against the secured promissory note the company held form Trusted Auto Parts, LLC in the principal amount of $300,000 plus accrued interest in the amount of $1,997.26. The company entered into a settlement agreement with its creditor namely Incredible Bank to pay-off the entire outstanding debt for a sum of $205,000 which has been paid off. Thus the company as not debt against any borrowings from any commercial banks.