Annual report [Section 13 and 15(d), not S-K Item 405]

ADVANCE FROM SHAREHOLDER

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ADVANCE FROM SHAREHOLDER
12 Months Ended
Dec. 31, 2024
Advance From Shareholder  
ADVANCE FROM SHAREHOLDER

NOTE 7 – ADVANCE FROM SHAREHOLDER

 

The Company borrows funds from the Company’s CEO for working capital purposes from time to time. The Company has recorded the principal balance due of $0 and $80,000 under Advance From Shareholder in the accompanying Balance Sheets at December 31, 2024 and 2023, respectively. The Company received advances of $35,000 and $80,000 and had repayments of $115,000 and $0 for the years ended December 31, 2024 and 2023, respectively. The advance from our CEO was not made pursuant to any loan agreements or promissory notes, is non-interest bearing and due on demand.