v3.23.1
RELATED PARTY TRANSACTIONS
12 Months Ended
Dec. 31, 2022
RELATED PARTY TRANSACTIONS  
RELATED-PARTY TRANSACTIONS

NOTE 8. RELATED PARTY TRANSACTIONS

 

On September 13, 2021, the majority shareholder of the Company entered into a debt cancellation agreement with the Company. As a result of this agreement, an amount of $122,511 due to related parties was cancelled and recorded as gain on debt forgiveness.

 

On July 20, 2022, the Company entered into a promissory note agreement with a related party company to finance patent license acquisitions (See Note 7.)