On the date of our inception, we issued 2 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 September 30, 2020, the Company has a prepaid balance of €2,753,436 ($3,227,853) to Doc Pharma S.A. related to purchases of inventory. Additionally, the Company has a receivable balance of €581,234 and £1,235,346 ($2,277,571). As of December 31, 2019, the Company had a prepaid balance of €2,181,780 ($2,449,484) and an accounts payable balance of €22,576 ($25,346), resulting in a net prepaid balance of €2,158,434 ($2,424,138) to Doc Pharma S.A. related to purchases of inventory. Additionally, the Company had a receivable balance of €546,240 ($613,264).

During the nine months ended September 30, 2020 and 2019, the Company has purchased a total of €3,551,650 ($3,994,896) and €1,976,673 ($2,155,561) of products from Doc Pharma, respectively. During the nine months ended September 30, 2020 and 2019, the Company had revenue of €117,708 ($132,398), £1,230,925 ($1,564,506) and €347,147 ($389,985) from Doc Pharma, respectively.

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.

Notes Payable – Related Party

A summary of the Company’s related party notes payable during the nine months ended September 30, 2020 and the year ended December 31, 2019 is presented below:

	2020			2019

Beginning Balance	$	1,375,532		$	1,793,437
Payments		(941,357	)		(382,055	)
Foreign currency translation		60,770			(35,850	)
Ending Balance	$	494,945		$	1,375,532

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 matured on March 18, 2019. The note is not in default and the Company is in the process of extending the maturity date. As of December 31, 2019, the note had an outstanding principal balance of €1,200,000 ($1,347,240) and accrued interest of €144,207 ($128,447). During the nine months ended September 30, 2020 the Company repaid €800,000 ($937,840). As of September 30, 2020, the Company has an outstanding balance of €400,000 ($468,920) and accrued interest of €153,540 ($179,995).

Grigorios Siokas is the Company’s CEO and principal shareholder.

Dimitrios Goulielmos

On November 21, 2014, the Company entered into an agreement with Dimitrios Goulielmos, as amended on November 4, 2016. Pursuant to the amendment, this loan is non-interest bearing. During the year ended December 31, 2019, the Company repaid €40,300 ($45,245) and a principal balance of €13,200 ($14,820) remained as of December 31, 2019. During the nine months ended September 30, 2020, the Company repaid €3,000 ($3,517) and a principal balance of €10,200 ($11,957) remained as of September 30, 2020.

Dimitrios Goulielmos is a current director and former CEO of the Company.

DOC Pharma

On November 1, 2015, the Company entered into a €12,000 ($12,662) Loan Agreement with Doc Pharma S.A, pursuant to which Doc Pharma S.A., paid existing bills of the Company in the amount of €12,000 ($12,662), 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 December 31, 2019, the Company has an outstanding principal balance of €12,000 ($13,472) and accrued interest expense of $1,100. As of September 30, 2020, the Company has an outstanding principal balance of €12,000 ($14,067) and accrued interest expense of $1,298.

The above balances are adjusted for the foreign currency rate as of the balance sheet date. For the nine months ended September 30, 2020 the Company recorded a gain of $60,770.

Loans Payable – Related Party

A summary of the Company’s related party loans payable during the nine months ended September 30, 2020, and the year ended December 31, 2019 is presented below:

	2020			2019

Beginning Balance	$	1,026,264		$	1,775,251
Proceeds		594,836			585,915
Payments		(109,024	)		(262,226	)
Conversion of debt		-			(1,050,000	)
Reclassification of receivable		-			2,547
Foreign currency translation		13,409			(25,223	)
Ending Balance	$	1,525,485		$	1,026,264

Grigorios Siokas

From time to time Grigorios Siokas loans the Company funds in the form of non-interest bearing, no-term loans. As of December 31, 2019, the Company had an outstanding principal balance under these loans of $1,026,264 consisting of €297,314 ($303,502) and $722,762, in loans payable to Grigorios Siokas. During the nine months ended September 30, 2020, the Company borrowed additional proceeds of €166,200 ($194,836) and $400,000 and repaid €93,000 ($109,024) of these loans. As of September 30, 2020, the Company had an outstanding balance under these loans of $1,525,485.

The above balances are adjusted for the foreign currency rate as of the balance sheet date. For the nine months ended September 30, 2020 the Company recorded a gain of $13,409.

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.