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RELATED PARTY TRANSACTIONS
3 Months Ended
Mar. 31, 2023
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

NOTE 4 – RELATED PARTY TRANSACTIONS

 

Amounts due to related parties at March 31, 2023 and December 31, 2022:

 

  

March 31,

2023

  

December 31,

2022

 
Amounts due to the Chief Executive Officer (“CEO”) (a)  $100,000   $117,031 
Amounts due to a company controlled by the CEO (a)   360,000    360,000 
Related party payables  $460,000   $477,031 

 

(a) These amounts are non-interest bearing, unsecured and due on demand.

 

During the three-month periods ended March 31, 2023 and 2022, the Company had the following transactions with its related parties.

 

  

March 31,

2023

  

March 31,

2022

 
Director compensation incurred to CEO and director  $81,380   $14,950 
Director compensation incurred to a director   40,588    7,456 
Director compensation incurred to a director   121,765    22,368 
Officer compensation incurred to VP of Operations   58,333    - 
Related party transactions  $302,066   $44,774 

 

See Note 7 Equity for further information regarding stock issued to related parties.