Related Party Transactions

3 Months Ended

Mar. 31, 2022

Related Party Transactions

Note 5 - Related Party Transactions

Note 5 – Related Party Transactions

During the three months ended March 31, 2022, our former officer forgave $9,355 in accrued salary and the Company recognized it as additional paid-in-capital.

During the three months ended March 31, 2022, a related party advanced to the Company an amount of $55,000 and  paid $40,171 for operating expenses on behalf of the Company. The Company repaid $47,323 owing of the loan.

As of March 31, 2022 and December 31, 2021, the Company was obliged to related parties, for unsecured, non-interest-bearing demand loans with a balance of $410,842 and $372,349, respectively.