RELATED PARTY TRANSACTIONS

6 Months Ended

Jun. 30, 2022

RELATED PARTY TRANSACTIONS

NOTE 8 - RELATED PARTY TRANSACTIONS

NOTE 8 – RELATED PARTY TRANSACTIONS

As of June 30, 2022 and December 31, 2021, the Company had accrued expenses to related parties of approximately $1,273,000 and $1,129,000.

As of June 30, 2022, the amounts are due to the Company’s sole officer for compensation $309,000 and the chairman of the board for compensation of $891,000 and the members of the board of directors of $73,000.