NOTE 6 - RELATED PARTY

Notes payable - related party consist of the following at:

During the nine months ending September 30, 2022 the Company received $15,100 under a note payable from a director of the Company. As of September 30, 2022 and December 31, 2021, the Company had one note payable due to a director of the Company in the amount of $19,450 and $4,350, respectively. The note has an interest rate of 5% and is due on demand.

As of September 30, 2022 and December 31, 2021, the Company had one note payable due to an officer of the Company in the amount of $125,500 and $110,500, respectively. The note has an interest rate of 12%and is due on demand.

On April 30, 2021, the Company entered into a $150,000, 12% grid note payable with a Company controlled by the CEO that is due upon demand but no later than April 30, 2022. As of September 30, 2022 and December 31, 2021, the Company has received advances under the note of $102,000 and $102,000, respectively.

Interest expense associated with the related party notes for the nine months ended September 30, 2022 and 2021 was $21,521 and $32,055 respectively.

Accounts payable and accrued liabilities – related party

In January 2019, the Company executed a lease agreement with Templar Asset Group, LLC, a related party. The lease term is one year at a rate of $4,200 per month for a period of one year with an option to continue a month-to-month basis thereafter. Under ASC 842, this lease is not recorded on the balance sheet as its term is 12 months or less.

Rent expense associated with the lease agreement for the nine months ended September 30, 2022 and 2021 was $37,800 and $37,800, respectively. As of September 30, 2022 and December 31, 2021 the Company had amounts due associated with the lease of $93,700 and $59,100, respectively.

In January 2014, the Company executed a lease agreement with Perigon Companies, LLC, a related party. The lease term is one month at a rate of $4,000 per month for a period of one month with an option to continue a month-to-month basis thereafter. Under ASC 842, this lease is not recorded on the balance sheet as its term is 12 months or less. The lease was terminated as of January 1, 2019.

Rent expense associated with the lease agreement for the six months ended September 30, 2022 and 2021 was $0 and $0, respectively. As of September 30, 2022 and December 31, 2021 the Company had amounts due associated with the lease of $34,500 and $34,500, respectively.

During the nine months ended September 30, 2022 and 2021 the Company received $0 and $0 in advances from a related party, respectively. As of September 30, 2022 and December 31, 2021 the Company had received advances from a related party of $23,500 and $23,500, respectively.