Loan Receivable – Related Party

3 Months Ended

Mar. 31, 2023

Loan Receivable Related Party

Loan Receivable – Related Party

Note 4 – Loan Receivable – Related Party

During 2021, the Company has advanced funds to an affiliate of the Company’s Chief Executive Officer, Himalaya Technologies, Inc. aka Homeland Resources Ltd. (OTC: HMLA) to pay for corporate operating expenses. The Company expects to receive repayment in 2023.

Effective September 1, 2022, the Company increased our available loan to Himalaya of $50,000 to $100,000.00 to fund its operations. On or around that date we waived all defaults on the loan and extended the maturity of the loan to December 31, 2023.

The following is a summary of the Company’s advances – related party is as follows:

	Loan Receivable
Terms	Related Party
Issuance dates of advances		2021
Maturity date		Due on Demand
Interest rate		0	%
Collateral		Unsecured
Balance - December 31, 2021	$	53,732
Advances		25,149
Repayments		(33,620	)
Balance - December 31, 2022		45,261
Advances		14,689
Repayments		-
Balance - March 31, 2023	$	59,950