XML 29 R17.htm IDEA: XBRL DOCUMENT v3.22.2.2
NOTE 4 – ADVANCES RECEIVABLE
6 Months Ended 12 Months Ended
Jun. 30, 2022
Dec. 31, 2021
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.

 

 

NOTE 4 – ADVANCES RECEIVABLE

 

As of December 31, 2021 and 2020, cash advances consisted of the following:

               
    December 31,     December 31,
    2021     2020
Advance principal receivable -G $   54,529     $ 54,496
Advance principal receivable -J     21,643       21,799
Interest due     4,079       3,116
Total advances receivable $   80,251      $ 79,411

 

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.