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Commitments and Related Party Transactions
12 Months Ended
Dec. 31, 2021
Related Party Transactions [Abstract]  
Commitments and Related Party Transactions

Note 5. Commitments and Related Party Transactions

 

Office Space

 

The Company utilizes the office space and equipment of its management at no cost.

 

Note Payable - Stockholder

 

On November 13, 2020, the Company issued a promissory note (the “Note”) to the majority stockholder of the Company pursuant to which the Company agreed to repay the sum of any and all amounts advanced to the Company, on or before the date that the Company consummates a business combination with a private company or reverse takeover transaction or other transaction, after which the Company would cease to be a shell company. The Note is non-interest bearing unless an event of default occurs. As of December 31, 2021 and 2020, the amount due under the note payable was $64,960 and $22,500, respectively.