NOTES PAYABLE-RELATED PARTIES

3 Months Ended

Mar. 31, 2024

Related Party Transactions [Abstract]

NOTES PAYABLE-RELATED PARTIES

NOTE 6. NOTES PAYABLE-RELATED PARTIES

As of March 31, 2024, and December 31, 2023, the balance of notes payable to related parties was $620,888 and $631,157, respectively. These notes have been provided on an interest-free demand basis to the Company.

The Company’s financing subsequent to the change of control on June 30, 2021 primarily has come from the Winvest Group Limited (Cayman), an affiliate with the same name as the Company, and based in the Cayman Islands; and from the CEO of the Company’s IQI subsidiary. Winvest Group Limited (Cayman) is an equity holdings company in the wellness industry and shares the same board of directors as the Company. As of March 31, 2024, the balance of notes payable was comprised of $564,643 due to the Winvest Group Limited (Cayman) and $48,514 due to the CEO of IQI and $7,731 due to the CEO of the Company.

The following movements occurred in advances from related parties during the periods ended March 31, 2024, and December 31, 2023:

	March 31, 2024		December 31, 2023
Balance at the beginning of the period	$	631,157	$	601,649
Additions (new advances received)	$	4.731	$	29,508
Repayments	$	-15,000	$	-0-
Balance at the end of the period	$	620,888	$	631,157