NOTE 3 – NOTES PAYABLE

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

NOTE 3 – NOTES PAYABLE

NOTE 3 – NOTES PAYABLE

During the three months ended March 31, 2024, the Company borrowed $0 from a shareholder resulting in a notes payable – related party balance of $242,215 at March 31, 2024 and $242,215 at December 31, 2023. These loans are due on demand and bear interest at the rate of 8%. Interest expense on the loans for the three months ended March 31, 2024 and 2023, was $4,844 and $4,164, respectively, resulting in accrued interest of $103,006 and $98,162 at March 31, 2024, and December 31, 2023, respectively.

During the quarter ended March 31, 2024, a shareholder invoiced the Company for consulting, administrative and professional services and out-of-pocket costs provided or paid on behalf of the Company totaling $1,500.