NOTE 8 – RELATED PARTY TRANSACTIONS

During the year ended December 31, 2017, Sanford Lang, the Company’s Chairman and former CEO, advanced the Company $289,821 to pay for general operating expenses. The advances are uncollateralized, require a monthly interest payment of $2,545 and due on demand.

On February 26, 2018, the Board approved the issuance of 117,282,442 shares of common stock to its officers and directors for services rendered at a price per share of $0.00027 for total non-cash expense of $31,666.

As of December 31, 2018, the Company owed The Starco Group, Inc, (“TSG”) $72,843 for expenses paid by The Starco Group on behalf of the Company for expenses to launch licensed brands. Once royalties exceed $250,000 in the aggregate, TSG will deduct the incurred expenses from the subsequent royalty payments until TSG is paid in full.

As of December 31, 2018, the Company owed TSG $10,682 for advances to the Company used to pay certain payables. The advances are unsecured, non-interest bearing and due on demand.

During the year ended December 31, 2018, the Company recognized $126,162 of royalty revenue and had a $17,504 receivable from The Starco Group.

During the year ended December 31, 2018, the Company’s Chairman advanced the Company $2,000 to pay for an operating expense. The $2,000 was repaid as of December 31, 2018.