Tuesday, November 15, 2022 2:52:00 PM
For the quarterly period ended June 30, 2022
https://sec.report/Document/0001903596-22-000529/
17. Related party transactions
Shawn E. Leon
As of June 30, 2022 and December 31, 2021 the Company had a payable to Shawn Leon of $331,003 and $106,100, respectively. Mr. Leon is a director and CEO of the Company. The balances payable are non-interest bearing and has no fixed repayment terms.
Due to the current financial position of the Group, Mr. Leon forfeited the management fees due to him for the six months ended June 30, 2022 and the year ended December 31, 2021.
For the quarterly period ended September 30, 2022
https://www.otcmarkets.com/filing/html?id=16200583&guid=23_-kn0vFiX_B3h
17. Related party transactions
Shawn E. Leon
As of September 30, 2022 and December 31, 2021 the Company had a payable to Shawn Leon of $423,394 and $106,100, respectively. Mr. Leon is a director and CEO of the Company. The balances payable are non-interest bearing and has no fixed repayment terms.
Due to the current financial position of the Group, Mr. Leon forfeited the management fees due to him for the nine months ended September 30, 2022 and the year ended December 31, 2021.
Everything that I post is just my informed opinion and is simply an invitation to debate. Trade on your own due diligence please..
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