RELATED PARTY TRANSACTIONS AND BALANCES |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| RELATED PARTY TRANSACTIONS AND BALANCES | |
| RELATED PARTY TRANSACTIONS AND BALANCES | NOTE 4 - RELATED PARTY TRANSACTIONS AND BALANCES
During the six months ended June 30, 2025 and 2024, a minority stockholder who is not a 5% stockholder advance $0 and $1,000 and paid expenses of $116,065 and $19,392 on behalf of the Company, respectively. During the three months ended June 30, 2025 and 2024, such minority stockholder advanced $0 and $1,000 and paid expenses of $93,759 and $6,104 on behalf of the Company, respectively.
At June 30, 2025 and December 31, 2024, the Company owed $240,553 and $124,488 to the minority stockholder referred to in the preceding paragraph for non-interest-bearing advances made to or expenses paid on behalf of the Company, and these amounts are due on demand.
At June 30, 2025 and December 31, 2024, the Company owed $1,100 to its chief executive officer for non-interest-bearing advances made to or paid expenses on behalf of the Company which amounts are due on demand. The Company has imputed interest at the rate of 4% on the advances made to or paid expenses on behalf of the Company in the amount of $3,315 and $2,011 during the six months ended June 30, 2025 and 2024, respectively, and in the amount of $1,948 and $1,057 during the three months ended June 30, 2025 and 2024, respectively. |