Annual report pursuant to Section 13 and 15(d)

Related party transactions

v3.22.1
Related party transactions
12 Months Ended
Dec. 31, 2021
Related Party Transactions [Abstract]  
Related party transactions

Note 18 – Related party transactions

 

The Company had outstanding liabilities for related party loans, which are due on demand, as follows at December 31, 2021 and 2020:

 Schedule of outstanding liabilities for related party transaction

    2021     2020  
Loan from WCI officer, including interest of $1,600 and $0 at December 31, 2021 and 2020, respectively. The note bears interest at 8% per annum and is due on demand.   $ 21,600     $ 20,000  
                 
Loans from Mentor CEO, including interest of $10,644 at December 31, 2021. The notes bear interest at 7.6% per annum compounded quarterly and are due within thirty days of demand.     210,644       -  
    $ 232,244     $ 20,000