Quarterly report pursuant to Section 13 or 15(d)

Related Party Transactions (Tables)

v3.23.1
Related Party Transactions (Tables)
3 Months Ended
Mar. 31, 2023
Related Party Transactions  
Schedule Of balances of the related party receivables and payables

Related Party

 

Due from related party

 

 

Due to related party

 

 

Net due (to) from

 

March 31, 2023

 

 

 

 

 

 

 

 

 

Simmax Corp. & majority owner

 

$ 327,452

 

 

$ (718,435 )

 

$ (390,983 )

Adco Power Ltd.

 

 

-

 

 

 

-

 

 

 

-

 

 

 

$ 327,452

 

 

$ (718,435 )

 

$ (390,983 )

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

Simmax Corp. & majority owner

 

$ 327,132

 

 

$ (629,073 )

 

$ (301,941 )

Adco Power Ltd.

 

 

-

 

 

 

-

 

 

 

-

 

 

 

$ 327,132

 

 

$ (629,073 )

 

$ (301,941 )
Schedule of Notes payable to related parties

 

 

March 31,

 

 

December 31,

 

 

 

2023

 

 

2022

 

 

 

 

 

 

 

 

Total notes payable to related parties

 

$ 670,694

 

 

$ 684,069

 

Less current portion of notes payable - related parties

 

 

(57,892 )

 

 

(56,916 )

Notes payable - related parties, net of current portion

 

$ 612,802

 

 

$ 627,153