RELATED PARTY TRANSACTIONS |
9 Months Ended |
|---|---|
Sep. 30, 2023 | |
| Related Party Transactions [Abstract] | |
| RELATED PARTY TRANSACTIONS | NOTE 5. RELATED PARTY TRANSACTIONS
Shareholder Loans Payable
During the nine months ended September 30, 2023, Mr. Cooper funded the remainder of the Subscription Receivable of $520,261 in connection with a funding commitment totaling $2,000,000. Mr. Cooper also provided additional working capital advances of $1,191,739 to the Company during the nine months ended September 30, 2023. The working capital advances bear interest at 10% per annum and are payable upon demand. During the three and nine months ended September 30, 2023, we accrued $25,363 and $38,471 respectively, which are included in accounts payable in the accompanying consolidated balance sheets.
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