Related Party Payable
|12 Months Ended|
Dec. 31, 2018
|Related Party Transactions [Abstract]|
|Related Party Payable||
Note 6 – Related Party Payable
The Company underwent a change of control on November 30, 2018, in which the majority ownership was transferred to a new majority shareholder, OWP Ventures, Inc. The former Chief Executive Officer forgave $125,590 of advances at the date of the transfer, and the Company recognized the forgiveness of debt as contributed capital.
As of December 31, 2018, there were advances of $218 from the current majority shareholder for the purpose of operating the Company.
As of December 31, 2017, there were advances of $87,916 from the majority shareholder for the purpose of operating the Company.
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://fasb.org/us-gaap/role/ref/legacyRef