RELATED PARTY TRANSACTIONS

9 Months Ended

Sep. 30, 2021

RELATED PARTY TRANSACTIONS

NOTE 8 - RELATED PARTY TRANSACTIONS

NOTE 8 – RELATED PARTY TRANSACTIONS

As of September 30, 2021 and December 31, 2020, the Company had accrued expenses to related parties of approximately $1,081,000 and $853,000.

As of September 30, 2021, the amounts are due to the Company’s sole officer for compensation $275,000 and the chairman of the board for compensation of $743,000 and the members of the board of directors of $63,000.