| Summary of the balance |
|
|
March 31, |
|
|
December 31, |
|
|
|
2022 |
|
|
2021 |
|
|
|
|
|
|
|
|
Due to Mr. James A. Doris - demand loans |
|
$ |
- |
|
|
$ |
- |
|
|
|
|
|
|
|
|
|
|
Due to AGD Advisory Group, Inc. |
|
$ |
320,000 |
|
|
$ |
270,000 |
|
|
|
|
|
|
|
|
|
|
Due to FWB Consulting, Inc. |
|
$ |
361,968 |
|
|
$ |
341,968 |
|
|
| Schedule of related party receivables and payables |
|
|
March 31, |
|
|
December 31, |
|
|
|
2022 |
|
|
2021 |
|
|
|
|
|
|
|
|
Related party receivable |
|
|
|
|
|
|
|
|
|
|
|
|
|
Simmax Corp |
|
$ |
1,551,801 |
|
|
$ |
1,913,786 |
|
Adco Power Ltd. and majority owner |
|
|
1,926,838 |
|
|
|
2,921,367 |
|
|
|
|
|
|
|
|
|
|
Total |
|
$ |
3,478,639 |
|
|
$ |
4,835,153 |
|
|
|
|
|
|
|
|
|
|
Related party payable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Simmax Corp |
|
$ |
1,878,622 |
|
|
$ |
1,858,405 |
|
Adco Power Ltd. and majority owner |
|
|
1,956,728 |
|
|
|
3,011,615 |
|
|
|
|
|
|
|
|
|
|
Total |
|
$ |
3,835,350 |
|
|
$ |
4,870,020 |
|
|
|
|
|
|
|
|
|
|
Net (due to) from |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Simmax Corp |
|
$ |
(326,821 |
) |
|
$ |
55,381 |
|
Adco Power Ltd. and majority owner |
|
|
(29,890 |
) |
|
|
(90,248 |
) |
|
|
|
|
|
|
|
|
|
Total |
|
$ |
(356,711 |
) |
|
$ |
(34,867 |
) |
|
| Schedule of notes payable to related parties |
|
|
March 31, |
|
|
December 31, |
|
|
|
2022 |
|
|
2021 |
|
|
|
|
|
|
|
|
Total notes payable to related parties |
|
$ |
785,568 |
|
|
$ |
788,920 |
|
|
|
|
|
|
|
|
|
|
Less current portion of notes payable - related parties |
|
|
(64,607 |
) |
|
|
(64,418 |
) |
|
|
|
|
|
|
|
|
|
Notes payable - related parties, net of current portion |
|
$ |
720,961 |
|
|
$ |
724,502 |
|
|