RELATED PARTY TRANSACTIONS |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| RELATED PARTY TRANSACTIONS | |
| RELATED PARTY TRANSACTIONS | NOTE 4 - RELATED PARTY TRANSACTIONS
At March 31, 2026 and December 31, 2025, 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 three months ended March 31, 2026 and 2025, a minority stockholder paid expenses of $49,596 and $22,306 on behalf of the Company, all of which was outstanding on March 31, 2026.
At March 31, 2026 and December 31, 2025, the Company owed $374,008 and $324,412 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 $3,503 and $1,367, during the three months ended March 31, 2026 and 2025, respectively.
At March 31, 2026 and December 31, 2025, the Company had amounts due to related parties of $375,108 and $325,512, respectively. |