NOTE 4 – ADVANCES RECEIVABLE

3 Months Ended

Mar. 31, 2022

Note 4 Advances Receivable

NOTE 4 – ADVANCES RECEIVABLE

NOTE 4 – ADVANCES RECEIVABLE

As of March 31, 2022 and December 31, 2021, cash advances consisted of the following:

	March 31,		December 31,
	2021		2021
Advance principal receivable -G	$	52,414	$	54,529
Advance principal receivable -J		21,022		21,643
Interest due		4,939		4,079
Total advances receivable	$	78,375	$	80,251

The advance labelled Advance receivable-G carries an interest rate of 3%. The Company has the expectation that both outstanding advances will be repaid to the Company within the next 12 months.

Any difference on the Advance principal is due to currency translation.