RELATED PARTY TRANSACTIONS	6 Months Ended
Jun. 30, 2019
Notes to Financial Statements
NOTE 9 - RELATED PARTY TRANSACTIONS	On the date of our inception, we issued 20 million shares of our common stock to our three officers and directors which were recorded at no value (offsetting increases and decreases in common stock and additional paid-in capital). DOC Pharma S.A. As of June 30, 2019, the Company has a prepaid balance of €2,023,492 ($2,301,520) and an accounts payable balance of €195,863 ($222,775) resulting in a net prepaid balance of €1,827,629 ($2,078,745) to Doc Pharma S.A. (“Doc Pharma”), related to purchases of inventory. Additionally, the Company has a receivable balance of €111,821 ($127,186). As of June 30, 2018, the Company had a prepaid balance of €1,506,941 ($1,759,732) and an accounts payable balance of €66,288 ($77,431), resulting in a net prepaid balance of €1,440,203 ($1,682,301) to Doc Pharma, related to purchases of inventory. During the six months ended June 30, 2019 and 2018, the Company purchased a total of €1,489,719 ($1,682,340) and €2,531,491 ($3,064,370) of products from Doc Pharma, respectively. During the six months ended June 30, 2019 and 2018, the Company had revenue of €231,874 ($261,855) and €65,521 ($79,313) from Doc Pharma, respectively. On November 1, 2015, the Company entered into a €12,000 ($13,202) Loan Agreement with DOC Pharma S.A., pursuant to which DOC Pharma, paid existing bills of the Company in the amount of €12,000 ($13,202), excluding the Vendor Bills. The loan bears an interest rate of 2% per annum and was due and payable in full on October 31, 2016. As of June 30, 2019, the Company has an outstanding principal balance under this note of €12,000 ($13,649) and accrued interest expense of $968. Doc Pharma S.A is considered a related party to the Company due to the fact that the CEO of Doc Pharma is the wife of Grigorios Siokas, the Company’s CEO and principal shareholder, who also served as a principal of Doc Pharma SA in the past. Medihelm S.A As of June 30, 2019, the Company has a prepaid balance of €3,023,946 ($3,439,436) and an accounts payable balance of £41,745 ($52,974), resulting in a net prepaid balance of $3,386,462 to Medihelm related to purchases of inventory. Additionally, the Company had a receivable balance of €106,057 ($120,629). As of June 30, 2018, the Company had a prepaid balance of €2,177,187 ($2,543,172) and an accounts payable balance of £339,242 ($447,902), resulting in a net prepaid balance of $2,095,270 related to purchases of inventory. Additionally, the Company had a receivable balance of €195,932 ($228,869). During the six months ended June 30, 2019 and 2018, the Company purchased €1,571,473 ($1,774,664) and $7,153,683 of products from Medihelm, respectively. During the six months ended June 30, 2019 and 2018, the Company had credit notes of (€17,113) ($19,325) and revenue of €508,251 ($615,238) from Medihelm, respectively. Medihelm S.A. is considered a related party to the Company due to the fact that the managing director of Medihelm is the mother of Nicholaos Lazarou, the former managing director of the Company’s UK subsidiary, Decahedron. Grigorios Siokas As of December 31, 2018, the Company had an outstanding principal balance of $3,496,199, consisting of €2,853,700 ($3,269,199) and $227,000, in loans payable to Grigorios Siokas. During the six months ended June 30, 2019, the Company borrowed total additional proceeds of $500,000, repaid €161,967 ($184,222) of these loans and converted $1,050,000 of these loans into 140,001 shares of common stock at a conversion rate of $7.50. These loans are non-interest bearing and have no maturity dates. As of June 30, 2019, the Company had an outstanding principal balance under these loans of $983,238, consisting of €299,743 ($340,927) and $677,762, in loans payable to Grigorios Siokas. On December 20, 2018, the €1,500,000 ($1,718,400) note payable, originally borrowed pursuant to a Loan Agreement with a third-party lender, dated March 16, 2018, was transferred to Grigorios Siokas. The note bears an interest rate of 4.7% per annum and has a maturity date of March 18, 2019. As of June 30, 2019, the Company had an outstanding principal balance of €1,500,000 ($1,706,100) and accrued interest of €94,365 ($107,331). The principal balance of €1,500,000 under this loan is incorporated in the €2,689,338 of loans payable in the disclosure above as of June 30, 2019. On May 28, 2019, the Company entered into a Debt Exchange Agreement with Grigorios Siokas. The agreement provided for the issuance by the Company of 66,667 shares of common stock, at the rate of $7.50 per share, or an aggregate of $500,000, in exchange for $500,000 of existing loans by Mr. Siokas to the Company. The Company valued this transaction at fair value and recorded a $259,999 gain on extinguishment of related party debt to additional paid-in capital. On June 24, 2019, the Company entered into a Debt Exchange Agreement with Grigorios Siokas. The agreement provided for the issuance by the Company of 73,334 shares of common stock, at the rate of $7.50 per share, or an aggregate of $550,000, in exchange for $550,000 of existing loans by Mr. Siokas to the Company. The Company valued this transaction at fair value and recorded a $269,126 gain on extinguishment of related party debt to additional paid-in capital. Grigorios Siokas is the Company’s CEO and principal shareholder and is hence considered a related party to the Company. Dimitrios Goulielmos As of December 31, 2018, the Company had a principal balance due to Dimitrios Goulielmos, director and former CEO, of €53,500 ($61,290) related to a loan agreement dated November 21, 2014 and amended on November 4, 2015. The loan is non-interest bearing. During the six months ended June 30, 2019, the Company repaid €25,500 ($29,004) and a principal balance of €28,000 ($31,847) remained as of June 30, 2019. Nicholaos Lazarou In connection with the Decahedron SPA, on February 9, 2017, Decahedron, Medihelm S.A. and Nicholaos Lazarou, former managing director of Decahedron, entered into a liability transfer agreement whereby the loan provided from Decahedron to Nicholaos Lazarou prior to the acquisition would be cancelled in exchange for Nicholaos Lazarou’s personal assumption of £172,310 ($233,118) owed to Medihelm S.A., a related party creditor of Decahedron. On November 30, 2018, the Company entered into a stock purchase agreement with Nicholaos Lazarou , whereby for consideration of $60,000 the Company repurchased 20,000 shares of its common stock. As per the agreement, the sale and transfer of the shares occurred on November 30, 2018, the date of signing, however the Company is entitled to pay the full consideration in tranches until August 2019. As of December 31, 2018, the Company had an amount due to related party of $48,683. During the six months ended June 30, 2019, the Company repaid the remaining balance in the amount of $48,683. On June 20, 2019, the Company entered into a stock purchase agreement with Nicholaos Lazarou whereby for consideration of $15,000, the Company repurchased 114,518 shares of its common stock. As per the agreement, the sale and transfer of the shares occurred on June 20, 2019, the date of signing. During the six months ended June 30, 2019, the Company paid consideration of $11,577 and had recorded a related party payable of $3,423 as of June 30, 2019. Except as set forth above, we have not entered into any material transactions with any director, executive officer, and promoter, beneficial owner of five percent or more of our common stock, or family members of such persons.

RELATED PARTY TRANSACTIONS

6 Months Ended

Jun. 30, 2019

On the date of our inception, we issued 20 million shares of our common stock to our three officers and directors which were recorded at no value (offsetting increases and decreases in common stock and additional paid-in capital).

DOC Pharma S.A.

As of June 30, 2019, the Company has a prepaid balance of €2,023,492 ($2,301,520) and an accounts payable balance of €195,863 ($222,775) resulting in a net prepaid balance of €1,827,629 ($2,078,745) to Doc Pharma S.A. (“Doc Pharma”), related to purchases of inventory. Additionally, the Company has a receivable balance of €111,821 ($127,186). As of June 30, 2018, the Company had a prepaid balance of €1,506,941 ($1,759,732) and an accounts payable balance of €66,288 ($77,431), resulting in a net prepaid balance of €1,440,203 ($1,682,301) to Doc Pharma, related to purchases of inventory. During the six months ended June 30, 2019 and 2018, the Company purchased a total of €1,489,719 ($1,682,340) and €2,531,491 ($3,064,370) of products from Doc Pharma, respectively. During the six months ended June 30, 2019 and 2018, the Company had revenue of €231,874 ($261,855) and €65,521 ($79,313) from Doc Pharma, respectively.

On November 1, 2015, the Company entered into a €12,000 ($13,202) Loan Agreement with DOC Pharma S.A., pursuant to which DOC Pharma, paid existing bills of the Company in the amount of €12,000 ($13,202), excluding the Vendor Bills. The loan bears an interest rate of 2% per annum and was due and payable in full on October 31, 2016. As of June 30, 2019, the Company has an outstanding principal balance under this note of €12,000 ($13,649) and accrued interest expense of $968.

Doc Pharma S.A is considered a related party to the Company due to the fact that the CEO of Doc Pharma is the wife of Grigorios Siokas, the Company’s CEO and principal shareholder, who also served as a principal of Doc Pharma SA in the past.

Medihelm S.A

As of June 30, 2019, the Company has a prepaid balance of €3,023,946 ($3,439,436) and an accounts payable balance of £41,745 ($52,974), resulting in a net prepaid balance of $3,386,462 to Medihelm related to purchases of inventory. Additionally, the Company had a receivable balance of €106,057 ($120,629). As of June 30, 2018, the Company had a prepaid balance of €2,177,187 ($2,543,172) and an accounts payable balance of £339,242 ($447,902), resulting in a net prepaid balance of $2,095,270 related to purchases of inventory. Additionally, the Company had a receivable balance of €195,932 ($228,869). During the six months ended June 30, 2019 and 2018, the Company purchased €1,571,473 ($1,774,664) and $7,153,683 of products from Medihelm, respectively. During the six months ended June 30, 2019 and 2018, the Company had credit notes of (€17,113) ($19,325) and revenue of €508,251 ($615,238) from Medihelm, respectively.

Medihelm S.A. is considered a related party to the Company due to the fact that the managing director of Medihelm is the mother of Nicholaos Lazarou, the former managing director of the Company’s UK subsidiary, Decahedron.

Grigorios Siokas

As of December 31, 2018, the Company had an outstanding principal balance of $3,496,199, consisting of €2,853,700 ($3,269,199) and $227,000, in loans payable to Grigorios Siokas. During the six months ended June 30, 2019, the Company borrowed total additional proceeds of $500,000, repaid €161,967 ($184,222) of these loans and converted $1,050,000 of these loans into 140,001 shares of common stock at a conversion rate of $7.50. These loans are non-interest bearing and have no maturity dates. As of June 30, 2019, the Company had an outstanding principal balance under these loans of $983,238, consisting of €299,743 ($340,927) and $677,762, in loans payable to Grigorios Siokas.

On December 20, 2018, the €1,500,000 ($1,718,400) note payable, originally borrowed pursuant to a Loan Agreement with a third-party lender, dated March 16, 2018, was transferred to Grigorios Siokas. The note bears an interest rate of 4.7% per annum and has a maturity date of March 18, 2019. As of June 30, 2019, the Company had an outstanding principal balance of €1,500,000 ($1,706,100) and accrued interest of €94,365 ($107,331). The principal balance of €1,500,000 under this loan is incorporated in the €2,689,338 of loans payable in the disclosure above as of June 30, 2019.

On May 28, 2019, the Company entered into a Debt Exchange Agreement with Grigorios Siokas. The agreement provided for the issuance by the Company of 66,667 shares of common stock, at the rate of $7.50 per share, or an aggregate of $500,000, in exchange for $500,000 of existing loans by Mr. Siokas to the Company. The Company valued this transaction at fair value and recorded a $259,999 gain on extinguishment of related party debt to additional paid-in capital.

On June 24, 2019, the Company entered into a Debt Exchange Agreement with Grigorios Siokas. The agreement provided for the issuance by the Company of 73,334 shares of common stock, at the rate of $7.50 per share, or an aggregate of $550,000, in exchange for $550,000 of existing loans by Mr. Siokas to the Company. The Company valued this transaction at fair value and recorded a $269,126 gain on extinguishment of related party debt to additional paid-in capital.

Grigorios Siokas is the Company’s CEO and principal shareholder and is hence considered a related party to the Company.

Dimitrios Goulielmos

As of December 31, 2018, the Company had a principal balance due to Dimitrios Goulielmos, director and former CEO, of €53,500 ($61,290) related to a loan agreement dated November 21, 2014 and amended on November 4, 2015. The loan is non-interest bearing. During the six months ended June 30, 2019, the Company repaid €25,500 ($29,004) and a principal balance of €28,000 ($31,847) remained as of June 30, 2019.

Nicholaos Lazarou

In connection with the Decahedron SPA, on February 9, 2017, Decahedron, Medihelm S.A. and Nicholaos Lazarou, former managing director of Decahedron, entered into a liability transfer agreement whereby the loan provided from Decahedron to Nicholaos Lazarou prior to the acquisition would be cancelled in exchange for Nicholaos Lazarou’s personal assumption of £172,310 ($233,118) owed to Medihelm S.A., a related party creditor of Decahedron.

On November 30, 2018, the Company entered into a stock purchase agreement with Nicholaos Lazarou , whereby for consideration of $60,000 the Company repurchased 20,000 shares of its common stock. As per the agreement, the sale and transfer of the shares occurred on November 30, 2018, the date of signing, however the Company is entitled to pay the full consideration in tranches until August 2019. As of December 31, 2018, the Company had an amount due to related party of $48,683. During the six months ended June 30, 2019, the Company repaid the remaining balance in the amount of $48,683.

On June 20, 2019, the Company entered into a stock purchase agreement with Nicholaos Lazarou whereby for consideration of $15,000, the Company repurchased 114,518 shares of its common stock. As per the agreement, the sale and transfer of the shares occurred on June 20, 2019, the date of signing. During the six months ended June 30, 2019, the Company paid consideration of $11,577 and had recorded a related party payable of $3,423 as of June 30, 2019.

Except as set forth above, we have not entered into any material transactions with any director, executive officer, and promoter, beneficial owner of five percent or more of our common stock, or family members of such persons.