XML 25 R11.htm IDEA: XBRL DOCUMENT v3.20.2
Note 5 - Related Party Transactions
 9 Months Ended
Sep. 30, 2020
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]
5.
  Related Party Transactions
 
As of
January 1, 2020
the Company was owed
$9,823
from Gust C. Kepler, a Director, President, Chief Executive Officer, Chief Financial Officer and Secretary of the Company. During the
nine
months ended
September 30, 2020
Mr. Kepler repaid
$6,890
and agreed to offset
$2,933
of the advances as partial settlement of the note payable to him (Note
6
).
 
During the year ended
December 31, 2019
the Company advanced
$1,500
to its VP/Director of Operations and the balance remains outstanding, is unsecured and bears
no
interest.
 
G2
International, Inc. (
“G2”
), which does business as IPA Tech Group (“IPA”), is a company wholly owned by Gust C. Kepler, a Director, President, Chief Executive Officer, Chief Financial Officer and Secretary of the Company, and the Company's controlling stockholder. As of both
September 30, 2020
and
2019
the Company has a prepaid balance of
$36,700
for public relations and marketing services with
G2/IPA.
These funds are reserved in anticipation of a future campaign to move the Company's stock to listing on a national exchange.