Quarterly report pursuant to Section 13 or 15(d)

PREPAID EXPENSES

v3.21.2
PREPAID EXPENSES
 9 Months Ended
Sep. 30, 2021
PREPAID EXPENSES  
NOTE 4. PREPAID EXPENSES

NOTE 4. PREPAID EXPENSES

 

Prepaid expenses consist of the following:

 

 

 

September 30,

 

 

December 31,

 

 

 

2021

 

 

2020

 

Consulting service

 

 $ -

 

 

 $ 111,860

 

Rent

 

 

 20,667

 

 

 

 -

 

Insurance

 

 

 4,232

 

 

 

 3,370

 

Prepaid expenses

 

 $ 24,899

 

 

 $ 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 September 30, 2021.