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NOTE 7 – RELATED PARTY TRANSACTIONS
6 Months Ended
Sep. 30, 2024
Related Party Transactions [Abstract]  
NOTE 7 – RELATED PARTY TRANSACTIONS

NOTE 7 – RELATED PARTY TRANSACTIONS

 

During the six months ended September 30, 2024 and 2023, the Company paid Mr. Leonard Lovallo $24,000 and $18,000 for his role as Chief Executive Officer and President of the Company. As of March 31, 2024, Mr. Lovallo agreed to accept shares of common stock for his accrued salary through March 31, 2024 and for April Compensation. Mr. Lovallo received 1,760,000 shares of common stock for $44,000 of accrued salary and 160,000 shares of common stock for $4,000 for April compensation. On May 16, 2024, the Company issued Mr. Lovallo 160,000 shares of common stock for compensation expense of $4,000.

 

During the six months ended September 30, 2024, Premier has advanced the Company $52,600 to pay for operating expenses. The advance is non-interest bearing and due on demand.