NOTE 5. ACCOUNT PAYABLE - RELATED PARTY

12 Months Ended

Dec. 31, 2021

Related Party Transactions [Abstract]

NOTE 5. ACCOUNT PAYABLE - RELATED PARTY

NOTE 5. ACCOUNT PAYABLE - RELATED PARTY

In support of the Company’s efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by officers, directors, or shareholders. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are considered temporary in nature and have not been formalized by a promissory note.

From 2019 -2021, the Company’s majority shareholder loaned the Company for paying off professional, legal and other administrative expenses. At a Board meeting held on January 27, 2021, the Company approved debt conversion of $18,295 into stock.  It was resolved that $18,295 owed to Joseph Passalaqua was to be converted into 99,220,000 shares of Series A Convertible Preferred Stock in the name of Friction and Heat, LLC. This took place on February 11, 2021. The remaining amount outstanding on these amounts as of December 31, 2021 is $8,145. This amount is are non-interest bearing, due upon demand and unsecured.

From 2020-2021, Related Parties provided internal accounting services. As of December 31, 2021, $2,000 is owed to Midland Consulting and $5,000 owed to Lyboldt-Daly Inc., with Joseph Passalaqua, the majority preferred stockholder of Mountain Top Properties Inc, as sole officer of that Company. These amounts are non-interest bearing, due upon demand and unsecured.