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RELATED PARTIES
12 Months Ended
Dec. 31, 2022
Related Party Transactions [Abstract]  
RELATED PARTIES

NOTE 9 – RELATED PARTIES

On May 4, 2021 the Company entered into an Advisory Agreement with Kleinfeld Legal Services P.A. (“KLS”), which is owned by Denis Kleinfeld. Mr. Kleinfeld was, until April 24, 2021, a member of the Company's Board of Directors. Pursuant to the Advisory Agreement, KLS agreed to provide legal and advisory services to Medi-Scan Inc. during the two years ended May 4, 2023. In consideration of the services, the Company agreed to pay KLS a $100,000 signing fee plus a services fee of $150,000 per year. The Company also assigned to KLS 19.9% of the capital stock of Medi-Scan, Inc.  During the year ended December 31, 2021, the Company recorded expenses for advisory services from KLS totaling $200,000. During the year ending December 31, 2022, the Company recorded expenses for advisory services from KLS totaling $75,000.

On September 13, 2022, Healthtech and Medi-Scan Inc. entered into a Share Exchange Agreement with Denis Kleinfeld, KLS, and four entities that owned minority shares in Medi-Scan, Inc.: DAK 2017 Trust Resolution, Jaclene Kleinfeld Trust, DYBIM, LLC and Doncaster Holdings, LLC (the “Medi-Scan Shareholders”). Pursuant to the SEA, the Medi-Scan Shareholders transferred to Healthtech their 19.99% interest in Medi-Scan and Healthtech issued 2,000,000 common shares to DYBIM and 500,000 common shares to Doncaster Holdings. Healthtech agreed to pay $25,000 to KLS after Healthtech raises an additional $1 million in capital. The Advisory Agreement between KLS and Medi-Scan was terminated. Healthtech and Medi-Scan gave general releases to the other six parties and the other six parties gave general releases to Healthtech and Medi-Scan, which included releases of the accrued liability to KLS under the Advisory Agreement.

As of the year ending December 31, 2022, the Company had borrowed $1,617,844 from 3 of its shareholders. The loans are unsecured, payable on demand and bear no interest. In compensation for the loans, the Board granted the lending shareholders three year options to purchase 15 million common shares, exercisable at $.25 per share.