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INVESTMENTS
3 Months Ended
Mar. 31, 2022
INVESTMENTS  
NOTE 7 - INVESTMENTS

NOTE 7 – INVESTMENTS

 

On December 12, 2019, the Company signed a memorandum of understanding with Top of the Line Design, LLC whereas the Company will purchase 100 % of Top of the Line for $250,000 and advance Top of the Line $350,000 in working capital as further expanded in a definitive agreement. The Company made a good faith deposit to Top of the Line of $40,000 at the signing of the agreement and an additional $142,500 as of March 31, 2022 for a total of $182,500. In addition, the Company issued notes to TOL for a total of $100,000. The agreement is effective for 90 days and if terminate by both parties the deposits were to be terminated. As of March 31, 2022 the agreement was still in effect.

 

On July 23, 2021 the Company advanced TOL $100,000. The advance is a note receivable with a one year term bearing interest at 12% per annum.