NOTE 4 – RELATED PARTY TRANSACTIONS |
9 Months Ended |
|---|---|
Jun. 30, 2024 | |
| Related Party Transactions [Abstract] | |
| NOTE 4 – RELATED PARTY TRANSACTIONS | NOTE 4 – RELATED PARTY TRANSACTIONS
In support of the Company’s efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by shareholders or directors. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances were considered temporary in nature and were not formalized by a signed promissory note.
In the last two years ended September 30, 2022 and September 30, 2023, Joseph Passalaqua, an officer and Related Party, advanced the Company $14,424 and $31,993, respectively to cover the Company’s expenses that included Stock Transfer Agent and EDGAR/XBRL Agent fees. These amounts are held in Unsecured Promissory Notes that are non-interest bearing, payable on demand and unsecured.
In the nine months ended June 30, 2024, Joseph Passalaqua, an officer and Related Party, advanced the Company $14,970 to cover the Company’s expenses that included Stock Transfer Agent and EDGAR/XBRL Agent fees. This amount is held in Unsecured Promissory Notes that are non-interest bearing, payable on demand and unsecured.
As of June 30, 2024, $64,909 is outstanding and included in Note Payable – Related Party – due to Joseph Passalaqua, Sole Officer and Director.
In the last two years ended September 30, 2022 and September 30, 2023, Lyboldt-Daly, Inc; its sole officer is Joseph Passalaqua, who is also an officer and Related Party of Nine Alliance Science and Technology Group, Inc., provided the internal accounting for the Company in the amount of $7,000 and $5,500, respectively. This amount is non-interest bearing, payable on demand and unsecured.
In the year ended September 30, 2023, Lyboldt-Daly, Inc; its sole officer is Joseph Passalaqua, who is also an officer and Related Party of Nine Alliance Science and Technology Group, Inc., provided the internal accounting for the Company in the amount of $3,000. This amount is non-interest bearing, payable on demand and unsecured.
As of June 30, 2024, $15,638 is outstanding and included in Related Party Payable – due to Lyboldt-Daly Inc.
The Company currently operates out of an office of a related party free of rent. |