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NOTE 5 – RELATED PARTY TRANSACTIONS
3 Months Ended
Dec. 31, 2022
Related Party Transactions [Abstract]  
NOTE 5 – RELATED PARTY TRANSACTIONS

NOTE 5 – RELATED PARTY TRANSACTIONS

 

In support of the Company’s efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by shareholders or directors. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances were considered temporary in nature.

 

In 2020 – 2021 Joseph Passalaqua, an officer and Related Party , advanced the Company $23,444 to cover the Company’s expenses and Lyboldt-Daly, Inc; its sole officer Joseph Passalaqua, provided the internal accounting for the Company for $5,250. These amounts were held in a Convertible Note owed to Joseph Passalaqua, dated November 30, 2021 and were non-interest bearing, payable on demand and unsecured. On December 7, 2021, the Company issued 150,000,000 shares of Common Stock to Friction & Heat LLC; Joseph Passalaqua as Managing Member, in exchange for $28,694 in debt conversion and the Convertible Note was paid in full.

 

In the Year Ended September 30, 2022, Joseph Passalaqua, an officer and Related Party, advanced the Company $14,424 to cover the Company’s expenses This amount is held in a Convertible Note owed to Joseph Passalaqua, dated September 30, 2022 and is non-interest bearing, payable on demand and unsecured.

 

In the three months ended December 31, 2022, Joseph Passalaqua, an officer and Related Party, advanced the Company $75 to cover the Company’s expenses This amount is held in a Convertible Note owed to Joseph Passalaqua, dated December 31, 2022 and is non-interest bearing, payable on demand and unsecured.

 

As of December 31, 2022, $14,499 is outstanding and included in Related Party – Notes Payable, due to Joseph Passalaqua.

 

In the Year Ended September 30, 2022, Lyboldt-Daly, Inc; its sole officer is Joseph Passalaqua, who is also an officer and Related Party of Nine Alliance Science and Technology Group, Inc., provided the internal accounting for the Company in the amount of $7,000. This amount is non-interest bearing, payable on demand and unsecured.

 

In the three months ended December 31, 2022, Lyboldt-Daly, Inc; its sole officer is Joseph Passalaqua, who is also an officer and Related Party of Nine Alliance Science and Technology Group, Inc., provided the internal accounting for the Company in the amount of $1,250. This amount is non-interest bearing, payable on demand and unsecured.

 

As of December 31, 2022, $8,250 is outstanding and included in Related Party Payable, due to Lyboldt-Daly Inc.

 

The Company currently operates out of an office of a Related Party- the sole Officer, Joseph Passalaqua, free of rent.