General form for registration of securities under the Securities Act of 1933

DUE TO FORMER DIRECTOR - RELATED PARTY

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DUE TO FORMER DIRECTOR - RELATED PARTY
6 Months Ended 12 Months Ended
Dec. 31, 2024
Jun. 30, 2024
Due To Former Director - Related Party    
DUE TO FORMER DIRECTOR - RELATED PARTY

NOTE 4 – DUE TO FORMER DIRECTOR - RELATED PARTY

 

Due to former director – related party represents unsecured advances made primarily by a former director for operating expenses on behalf of the Company, such as intellectual property and formation expenses. The expenses were paid for on behalf of the Company and are due upon demand. The Company is currently not being charged interest under these advances. The total amount owed the former director at December 31, 2024 and June 30, 2024 were $27,491 and $29,759, respectively. The Company plans to repay the advances as its cash resources allow (see Note 9).

 

NOTE 4 – DUE TO FORMER DIRECTOR - RELATED PARTY

 

Due to former director – related party represents unsecured advances made primarily by a former director for operating expenses on behalf of the Company, such as intellectual property and formation expenses. The expenses were paid for on behalf of the Company and are due upon demand. The Company is currently not being charged interest under these advances. The total amounts owed to the former director at June 30, 2024 and 2023 were $29,759 and $29,630, respectively. The Company plans to repay the advances as its cash resources allow (see Note 10).