Annual report pursuant to Section 13 and 15(d)

Related Party Transactions

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Related Party Transactions
12 Months Ended
Dec. 31, 2021
Related Party Transactions [Abstract]  
Related Party Transactions

Note 7 – Related Party Transactions

 

Revenue generated from Vitashower Corp., a company owned by the CEO’s wife, amounted to $29,084 and $26,449 for the year ended December 31, 2021 and 2020, respectively. Account receivable balance due from Vitashower Corp. amounted to $15,176 and $0 as of December 31, 2021 and 2020, respectively. Purchases generated from Vitashower Corp. amounted to $3,379 and $0 for the years ended December 31, 2021 and 2020, respectively. There were accounts payable balances of $0 and $17,471 due to Vitashower Corp. as of December 31, 2021 and 2020, respectively.

 

Compensation for services provided by the President and Chief Executive Officer for the years ended December 31, 2021 and 2020 amounted to $124,615 and $120,000, respectively.