RELATED PARTY TRANSACTIONS |
12 Months Ended |
|---|---|
Dec. 31, 2023 | |
| Related Party Transactions [Abstract] | |
| RELATED PARTY TRANSACTIONS | NOTE 3 – RELATED PARTY TRANSACTIONS
Accrued Payables and Accrued Expenses – Related Parties
Related party payables and accrued expenses totaled $809,315 and $1,551,208 on December 31, 2023 and December 31, 2022. These totals are detailed as follows:
Due to related parties advances consists of cash advances and expenses paid by Mr. Reichman to satisfy the expense needs of the Company. The payables and cash advances are unsecured, due on demand and do not bear interest. As of December 31, 2023, and December 31, 2022, these amounts totaled $107,525 and $270,649.
The accrued officer wages for the years ended December 31, 2023, and 2022 are $200,000 and $137,000, respectively. The balance of accrued wages due to the officers on December 31, 2023, and December 31, 2022, are $551,902 and $1,232,500, respectively. Additionally, there is an expense account due to Mr. Reichman in total of $0 and $48,059 on December 31, 2023, and December 31, 2022.
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