Related Party Transactions |
3 Months Ended |
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Mar. 31, 2024 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions |
Note 9. Related Party Transactions
At March 31, 2024 and December 31, 2023, the Company had a payable due to an officer in the amount of $149,838 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 a balance of $67,622 included in shareholder advance on the Company’s condensed consolidated balance sheets as of March 31, 2024 and December 31, 2023.
Between January 18, 2024 and February 29, 2024, the Company’s CFO advanced and aggregate $123,474 in cash to the Company for short term capital requirements. As of March 31, 2024, $96,466 of the advanced amounts have been repaid and the remaining balance of $27,008 is included in accounts payable and accrued liabilities – related party on the Company’s condensed consolidated balance sheets.
The above amounts and terms are not necessarily what third parties would agree to. |
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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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