Related Party Transactions |
12 Months Ended |
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Dec. 31, 2021 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS |
NOTE 17 – RELATED PARTY TRANSACTIONS
Due From Related Party
On December 31, 2021 and 2020, the Company has an amount due from the Company’s chief executive officer of $0 and $5,526 related to the overpayment of accrued compensation, respectively.
In December 2021, the Company advanced $3,750 to a company partially owned by officers of the Company. The advance is non-interest bearing, payable on demand, and is reflected as due from related party on the accompanying consolidated balance sheet.
Sales and Accounts Receivable – Related Party
During the year ended December 31, 2021, the Company recognized sales of $1,200 to a company partially owned by officers of the Company. |
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- References No definition available.
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- Definition 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
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