RELATED PARTY TRANSACTIONS

3 Months Ended

Mar. 31, 2022

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

NOTE 9 - RELATED PARTY TRANSACTIONS

Notes Payable and Accrued Interest – Related Parties

For information on related party loans to the Company and other related party transactions, see Notes 5 and 6, Operating Lease and Notes Payable.

The accrued interest and interest expenses recorded for related party loans are shown below.

	March 31, 2022		December 31, 2021
Accrued Interest
Related party loan-Quintel	$	380,616	$	249,939
Related party loan-CEO loan		130,724		86,060
Related party loan – Line of credit		59,370		29,235

	Three months ended March 31, 2022		Three months ended March 31, 2021
Interest Expense
Related party loan-Quintel	$	130,678	$	280,539
Related party loan-CEO loan		29,652		18,736
Related party loan – Line of Credit		30,135		-

Other

The Company continues to hold 1,227,017 shares of XXII stock which is available for sale. On August 25, 2021 70,000 shares were sold and the proceeds from the sale was $230,296. XXII recently moved from the NYSE to NASDAQ. As of March 31, 2022 XXII is a common shareholder of the Company.