Quarterly report pursuant to Section 13 or 15(d)

PREPAID EXPENSES

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PREPAID EXPENSES
 6 Months Ended
Jun. 30, 2021
PREPAID EXPENSES  
NOTE 4. PREPAID EXPENSES

NOTE 4. PREPAID EXPENSES

 

Prepaid expenses consist of the following:

 

 

 

June 30,

2021

 

 

December 31, 

2020

 

 

 

 

 

 

 

 
Consulting service

 

 $ -

 

 

 $ 111,860

 
Rent

 

 

 33,067

 

 

 

 -

 
Insurance

 

 

 8,555

 

 

 

 3,370

 
Prepaid expenses

 

 $ 41,622

 

 

 $ 115,230

 

 

On February 26, 2021, the Company entered into a new lease agreement for its office facility for a 12-month term beginning March 1, 2021.  In addition to monthly base rent of $6,000, the agreement requires the issuance on 16,000 shares of its common stock valued at $49,600, all of which has been issued as of June 30, 2021.