Mobile Lads Corporation (MOBO)

[BigJuan]

Stop sign down, yield sign up. $MOBO getting current..... thin float here

All insiders owed $$$ let’s see what they got planned here.

NOTE 6 – RELATED PARTY TRANSACTIONS
Accounts Payable
As of March 31, 2021 and December 31, 2020, the Company owed Steve Katmarian, a significant shareholder and an independent contractor for the Company, $775,147 and $725,947, respectively for consulting services.
As of March 31, 2021 and December 31, 2020, the Company owed Alpha Pang, CFO $82,600 and $78,400 for consulting services.
Loans Payable
As of March 31, 2021 and December 31, 2020, the Company owed companies owned by Michael A. Paul, CEO a total of $162,479 and $162,479, respectively. Funds were advanced to pay for legal, auditing, consulting fees and other general operating costs. The advances are unsecured, bear interest at 12% and due on demand.
Steve Katmarian, a significant shareholder and an independent contractor for the Company, has made a series of loans to the Company. The loans were unsecured, non-interest bearing and due on demand. As of March 31, 2021 and December 31, 2020 there is $88,222 and $81,822 of principal due, respectively.