RELATED PARTY TRANSACTIONS | NOTE 2 – RELATED PARTY TRANSACTIONS The Company previously occupied a portion of the offices leased by BKF Capital Group, Inc. (OTCMKTS: BKFG), on a month to month basis for a rental fee of $50 per month that was intended to cover administrative costs. Steven N. Bronson, the Company's Chairman, CEO, and majority shareholder, is also the Chairman, CEO and majority shareholder of BKF Capital Group, Inc. Effective June 30, 2019, the Company terminated this arrangement with BKF Capital Group, Inc., and leased an administrative office from an unrelated party on a month-to-month basis for a minimum of $10 per month. Additional charges, if any, are based upon services provided by the lessor. During the three-months ended June 30, 2021, we paid BKF the full amount owed of $2,800 for this previous arrangement. There are no amounts payable to or receivable from BKF at June 30, 2021. Steven N. Bronson, the Company's Chairman, President, CEO, and majority shareholder has previously loaned the Company money to fund working capital needs to pay operating expenses. The loan was repayable upon demand and accrued interest at the rate of 10% per annum. The loan was not secured. On March 26, 2021, the Company sold 1,600,000 shares of its Common Stock to Mr. Bronson at a price of $0.25 per share, for an aggregate purchase price of $400,000 . Mr. Bronson paid the purchase price for the shares by cancelling $349,442 in principal and accrued interest outstanding under the loan and paying $50,558 in cash. During the six months ended June 30, 2020 and June 30, 2021, the following amounts were payable under the loan: Principal Interest Balance January 1, 2020 $ 205,161 $ 64,207 Additions 30,000 11,143 Cash Payments — — Balance June 30, 2020 $ 235,161 $ 75,350 Balance January 1, 2021 $ 251,161 $ 87,624 Additions 5,000 5,657 Cash Payments — — Conversion into Common Stock - March 26, 2021 (256,161) (93,281) Balance June 30, 2021 $ — $ — |