BRIDGE LOAN FROM AFFILIATES |
6 Months Ended |
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Jun. 30, 2022 | |
| BRIDGE LOAN FROM AFFILIATES | |
| NOTE 6 - BRIDGE LOAN FROM AFFILIATES | NOTE 6: BRIDGE LOAN FROM AFFILIATES
As of June 30, 2022 and December 31, 2021, the Company has received advances totaling $1,950,193 and $1,875,436, respectively, from its affiliates. The formal structure and payment terms of these advances have not yet been determined by the Company and the third parties. |
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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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