Quarterly report pursuant to Section 13 or 15(d)

ADVANCE FROM SHAREHOLDER

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ADVANCE FROM SHAREHOLDER
6 Months Ended
Jun. 30, 2024
Advance From Shareholder  
ADVANCE FROM SHAREHOLDER

NOTE 6 – 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 $70,000 and $80,000 under Advance from Shareholder in the accompanying the unaudited condensed consolidated balance sheets at June 30, 2024 and December 31, 2023, respectively. The Company received advances of $35,000 and $49,500 and had repayments of $45,000 and $19,500 for the six months ended June 30, 2024 and 2023. The advance from our CEO was not made pursuant to any loan agreements or promissory notes, are non-interest bearing and due on demand.