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RELATED PARTY TRANSACTIONS
3 Months Ended
Mar. 31, 2022
RELATED PARTY TRANSACTIONS  
Note 4 - Related Party Transactions

NOTE 4 - RELATED PARTY TRANSACTIONS

 

During the three months ended March 31, 2022 and 2021, a stockholder paid expenses of $288 and $14,616 on behalf of the Company, respectively.

 

At March 31, 2022 and December 31, 2021, the Company owed $19,929 and $19,641 to a stockholder who is not a 5% stockholder for non-interest-bearing advances made to or paid expenses on behalf of the Company, respectively. These advances are due on demand.

 

At March 31, 2022 and December 31, 2021, the Company owed $1,100 to our CEO for non-interest-bearing advances made to or paid expenses on behalf of the Company. These advances are due on demand.

 

The Company has imputed interest at the rate of 4% on the advances made to the Company in the amount of $209 and $2,503 during the three months ended March 31, 2022 and 2021, respectively.