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NOTE 13 - RELATED PARTY TRANSACTIONS
 12 Months Ended
Dec. 31, 2023
Related Party Transactions [Abstract]  
NOTE 13 - RELATED PARTY TRANSACTIONS

NOTE 13 - RELATED PARTY TRANSACTIONS

 

Due from related party

 

During the years ended December 31, 2023 and 2022, the Company loaned $192,154 and $1,000 to a related party and collected $79,649 and $700, respectively.

 

As of December 31, 2023 and 2022, the Company had amounts due from related parties of $340,515 and $326,324, respectively. The loans are unsecured, non-interest bearing and due on demand.

  

Due to related parties

 

As of December 31, 2023 and 2022, the Company had amounts due to related parties of $26,613. The amounts are unsecured, non-interest bearing and due on demand.

 

Employment agreements

 

During the years ended December 31, 2023 and 2022, the Company recorded management salaries of $516,000 and $576,000, respectively, and stock-based compensation bonuses of $42,890 and $107,600, respectively.

 

As of December 31, 2023 and 2022, the Company recorded and accrued management salaries of $100,128 and $79,628, respectively.