NOTE 5 - RELATED PARTY TRANSACTIONS

Notes Payable – Related Parties

The total related party notes payable balance as of December 31, 2021 was $55,077.  During the year ended December 31, 2022, the Company received $21,000 in additional cash loans, leaving a balance of $76,077.

Executive Offices

The Company's executive offices are located at 150 Research Dr., Hampton VA. These offices are leased by The Health Network, Inc. ("THN"), of which Ron Howell (our Chief Executive officer and Chairman) is president. THN allows the Company to use the office space without a formal sublease or rental agreement.

Consulting Agreements

The Company has entered into a consulting agreement with Mr. Howell, President of the Company, whereby the Company agreed to pay Mr. Howell $10,000 per month for consulting services through December 31, 2010. The Company had agreed to continue to engage Mr. Howell as a consultant until his consulting services are no longer required.  The agreement was suspended from July, 2019 through December, 2019 due to the pendency of the Asset Purchase Agreement (“APA”), and has resumed beginning in January, 2020 due to the termination of the APA.  

During the years ended December 31, 2022 and 2021, the Company recognized $120,000 for consulting fees in each year for Ronald Howell.

As of December 31, 2022 and 2021, the Company owed Mr. Howell $360,000 and $240,000 under the consulting agreement.