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PREPAID EXPENSES
6 Months Ended
Jun. 30, 2021
PREPAID EXPENSES  
NOTE 4 - PREPAID EXPENSES

NOTE 4: PREPAID EXPENSES

 

The Company has available to its credit through certain trade organizations as a result of barter transactions for services. These amounts are available for use with certain vendors and establishments who are part of the same trade organization. These balances do not represent cash available to the Company, and as such are recorded as the prepaid expenses account as incurred.

 

As of June 30, 2021 and December 31, 2020, the available barter credit balances were $22,252 and $22,396, respectively.

 

As of both June 30, 2021 and December 31, 2020, this account also includes prepaid expense for legal expenses amounting to $5,000.