SUBSEQUENT EVENTS |
12 Months Ended |
|---|---|
Dec. 31, 2019 | |
| SUBSEQUENT EVENTS | |
| NOTE 10 - SUBSEQUENT EVENTS | In accordance with ASC Topic 855, “Subsequent Events”, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued, the Company has evaluated all events or transactions that occurred after December 31, 2019 up through the date of the these consolidated financial statements.
Subsequent to the period ended December 31, 2019, the Company received an additional advance amounting to $40,000 from its affiliate. The formal structure and payment terms of these advances have not yet been determined by the Company and its affiliate. |