RELATED PARTY TRANSACTIONS |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| RELATED PARTY TRANSACTIONS | |
| RELATED PARTY TRANSACTIONS | NOTE 5 - RELATED PARTY TRANSACTIONS
At December 31, 2025 and 2024, the Company owed $1,100 to a former chief executive officer for non-interest-bearing advances made to or expenses paid on behalf of the Company. These advances are due on demand with no formal terms of repayment.
During the years ended December 31, 2025 and 2024, a minority stockholder advanced $2,250 and $1,000, and paid expenses of $197,674 and $35,792 on behalf of the Company, all of which was outstanding on December 31, 2025.
At December 31, 2025 and 2024, the Company owed $324,412 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, respectively. These advances are due on demand.
The Company has imputed interest at the rate of 4% on the advances made to or expenses paid on behalf of the Company. Imputed interest amounted to $9,154 and $4,339, during the years ended December 31, 2025 and 2024, respectively.
At December 31, 2025 and 2024, the Company had amounts due to related parties of $325,512 and $125,588, respectively. |