Related Party Transactions |
6 Months Ended |
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Jun. 30, 2023 | |
Related Party Transactions [Abstract] | |
Related Party Transactions |
Note 8. Related Party Transactions
At June 30, 2023 and December 31, 2022 Company had a payable due to an officer in the amount of $153,838 for contract work performed prior to becoming an officer.
During September 2021, the Company’s former CEO and shareholder advanced $100,000 in cash to the Company for short term capital requirements. This amount is non-interest bearing and payable upon demand. The Company had balances of $83,811 and $100,000 included in Shareholder advance on the Company’s consolidated balance sheet as of June 30, 2023 and December 31, 2022, respectively.
Between May 24, 2023 and June 8, 2023, the Company’s CFO advanced and aggregate $160,085 in cash to the Company for short term capital requirements. As of June 30, 2023, all advanced amounts have been repaid in full. |
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- References No definition available.
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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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