NOTES PAYABLE-RELATED PARTIES

9 Months Ended

Sep. 30, 2023

Related Party Transactions [Abstract]

NOTES PAYABLE-RELATED PARTIES

NOTE 5. NOTES PAYABLE-RELATED PARTIES

As of September 30, 2023, and December 31, 2022, the balance of notes payable to related parties was $751,093 and $561,830, 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 September 30, 2023, the balance of notes payable was comprised of $690,135 due to the Winvest Group Limited (Cayman) and $58,514 due to the CEO of IQI and $3,000 due to the CEO of the Company.