RELATED PARTY TRANSACTIONS | NOTE 4 – RELATED PARTY TRANSACTIONS The Company has entered into promissory notes (each a “Note” and collectively the “Notes”) with related parties, Terayco Enterprises, LTD. (“Terayco”) and A. Terry Ray (“Terry Ray”). Terayco is a corporation owned by Phillip E. Ray, the husband of A. Terry Ray, and A. Terry Ray, the officer and director and principal shareholder of the Company. All notes are interest free until December 31, 2023 4% The following table summarizes the outstanding notes as of December 31, 2022 and 2021. Issue Date Maturity Date December 31, 2022 December 31, 2021 December 31, 2012 December 31, 2023 $ 7,000 $ 7,000 Terayco International December 31, 2014 December 31, 2023 $ 14,000 $ 14,000 Terayco International July 15, 2015 December 31, 2023 $ 5,500 $ 5,500 Terayco International September 10, 2019 December 31, 2023 $ 33,000 $ 33,000 Terry Ray November 23, 2020 December 31, 2023 $ 22,000 $ 22,000 Terry Ray September 30, 2021 December 31, 2023 $ 14,000 $ 14,000 Terry Ray December 30, 2021 December 31, 2023 $ 2,000 $ 2,000 Terry Ray February 4, 2022 December 31, 2023 $ 2,000 $ Terry Ray March 31, 2022 December 31, 2023 $ 4,300 $ Terry Ray June 30, 2022 December 31, 2023 $ 3,000 $ Terry Ray August 10, 2022 December 31, 2023 $ 2,500 $ Terry Ray November 20, 2022 December 31, 2023 $ 2,500 $ Terry Ray TOTAL $ 111,800 $ 97,500 |