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DUE TO OFFICER – RELATED PARTY
3 Months Ended
Dec. 31, 2021
Due To Officer Related Party  
DUE TO OFFICER – RELATED PARTY

 

NOTE 2 DUE TO OFFICER – RELATED PARTY

 

During the three months ended December 31, 2021, the majority shareholder loaned $1,954 to the Company to pay Company expenses and was repaid $90. The loan is non-interest bearing, unsecured and due on demand. The Company recorded $1,526 as an in-kind contribution of interest on the loan (See Notes 3(C) and 4). As of December 31, 2021, the loan balance was $77,030.

 

During the year ended September 30, 2021, the majority shareholder loaned $24,142 to the Company to pay Company expenses and was repaid $280. The loan is non-interest bearing, unsecured and due on demand. The Company recorded $4,571 as an in-kind contribution of interest on the loan (See Notes 3(C) and 4). As of September 30, 2021, the loan balance was $75,166.