Related Party Transactions
|3 Months Ended|
Mar. 31, 2022
|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 $31,542 and $10,191 for the three months ended March 31, 2022 and 2021, respectively. Account receivable balance due from Vitashower Corp. amounted to $85,992 and $15,176 as of March 31, 2022 and December 31, 2021, respectively. Purchases generated from Vitashower Corp. amounted to $0 and $0 for the three months ended March 31, 2022 and 2021, respectively. There were accounts payable balances of $0 and $0 due to Vitashower Corp. as of March 31, 2022 and December 31, 2021, respectively.
Compensation for services provided by the President and Chief Executive Officer for the three months ended March 31, 2022 and 2021 amounted to $30,000 and $30,000, respectively. Vendor Tianjin Guanglee was once owned by the Chief Executive Officer Desheng Wang, as fully disclosed in the annual report in 2017 and in previous filings. In 2018, the entity was sold to an unrelated party who has since passed away causing, and further ownership changes as noted in Note 8 below.
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef