NOTE 5 - RELATED PARTY TRANSACTIONS: NOTE 5 - RELATED PARTY TRANSACTIONS (Policies) | 12 Months Ended |
Dec. 31, 2023 |
NOTE 5 - RELATED PARTY TRANSACTIONS | NOTE 5 - RELATED PARTY TRANSACTIONS Notes Payable – Related Parties Total related party notes payable as of December 31, 2023 and 2022 were $98,319 and $76,077. During the year ended December 31, 2022, the Company received $22,242 in additional cash loans. Executive Offices The Company's executive offices are located at 150 Research Dr., Hampton VA. These offices are leased by The Health Network, Inc. ("THN"), of which Ron Howell is President. THN allows the Company to use the office space without a formal sublease or rental agreement. Consulting Agreements The Company has entered into a consulting agreement with Mr. Howell, President of the Company, whereby the Company agreed to pay Mr. Howell $10,000 per month for consulting services through December 31, 2010. The Company had agreed to continue to engage Mr. Howell as a consultant until his consulting services are no longer required. The agreement was suspended from July, 2019 through December, 2019 due to the pendency of the APA, and has resumed beginning in January, 2020 due to the termination of the APA. During the years ended December 31, 2023 and 2022, the Company recognized $120,000 for consulting fees in each year for Ronald Howell. As of December 31, 2023 and 2022, the Company owed Mr. Howell $480,000 and $360,000 under the consulting agreement. |
Notes Payable - Related Parties | |
NOTE 5 - RELATED PARTY TRANSACTIONS | Notes Payable – Related Parties Total related party notes payable as of December 31, 2023 and 2022 were $98,319 and $76,077. During the year ended December 31, 2022, the Company received $22,242 in additional cash loans. |
Executive Offices | |
NOTE 5 - RELATED PARTY TRANSACTIONS | Executive Offices The Company's executive offices are located at 150 Research Dr., Hampton VA. These offices are leased by The Health Network, Inc. ("THN"), of which Ron Howell is President. THN allows the Company to use the office space without a formal sublease or rental agreement. |
Consulting Agreements | |
NOTE 5 - RELATED PARTY TRANSACTIONS | Consulting Agreements The Company has entered into a consulting agreement with Mr. Howell, President of the Company, whereby the Company agreed to pay Mr. Howell $10,000 per month for consulting services through December 31, 2010. The Company had agreed to continue to engage Mr. Howell as a consultant until his consulting services are no longer required. The agreement was suspended from July, 2019 through December, 2019 due to the pendency of the APA, and has resumed beginning in January, 2020 due to the termination of the APA. During the years ended December 31, 2023 and 2022, the Company recognized $120,000 for consulting fees in each year for Ronald Howell. As of December 31, 2023 and 2022, the Company owed Mr. Howell $480,000 and $360,000 under the consulting agreement. |