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NOTE 15 - RELATED PARTY TRANSACTIONS
 12 Months Ended
Dec. 31, 2024
Related Party Transactions [Abstract]  
NOTE 15 - RELATED PARTY TRANSACTIONS

NOTE 15 - RELATED PARTY TRANSACTIONS

 

Due from related party

 

During the years ended December 31, 2024 and 2023, the Company loaned $89,832 and $192,154 to a related party and collected $33,602 and $79,649, respectively.

 

As of December 31, 2024 and 2023, the Company had amounts due from related parties of $630,715 and $340,515, respectively. The loans are unsecured, non-interest bearing and due on demand.

 

Due to related parties

 

As of December 31, 2024 and 2023, 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, 2024 and 2023, the Company recorded management salaries of $846,000 and $516,000, respectively, and stock-based compensation bonuses of $223,219 and $42,890, respectively.

 

As of December 31, 2024 and 2023, the Company recorded and accrued management salaries of $420,447 and $100,128, respectively.