NOTE 4 – ADVANCES RECEIVABLE

6 Months Ended

Jun. 30, 2022

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

NOTE 4 – ADVANCES RECEIVABLE

NOTE 4 – ADVANCES RECEIVABLE

As of June 30, 2022 and December 31, 2021, cash advances consisted of the following:

	June 30,		December 31,
	2022		2021
Advance principal receivable -G	$	48,163	$	54,529
Advance principal receivable -J		19,480		21,643
Interest due		5,377		4,079
Total advances receivable	$	73,020	$	80,251

The advance labelled Advance principal receivable-G carries an interest rate of 3%.   The advance principal labelled Advance receivable -J is non-interest bearing. 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.