NOTE 3 – NOTES PAYABLE, RELATED PARTY

During 2023, the Company’s Chief Executive Officer extended three loans to the Company for aggregate principal amount of $257 pursuant to terms of the note agreements. The notes have relatively similar terms, are unsecured, accrue interest at 1% per annum, are due over a period of 12 months with payments becoming due between 5 to 7 months after issuances of the notes, and no prepayment penalties. As of March 31, 2024, the aggregate outstanding balance of the loans is $257, with $180 due in May 2024, and $25 due in October 2024. As of May 15, 2024, the Company is in the process of obtaining an extension of the amounts due in May 2024.