DUE TO/FROM OFFICER	12 Months Ended
Dec. 31, 2022
Due Tofrom Officer
DUE TO/FROM OFFICER	5. DUE TO/FROM OFFICER At December 31, 2022, the net balance due to Rik Deitsch, and the companies majority owned and controlled by him (collectively referred to as “Due to Officer”) in the aggregate is $112,046, which net balance is unsecured and accruing interest at 4%. During the year ended December 31, 2022, in the aggregate, we repaid $267,500 and were advanced $103,385 on this balance. Additionally, accrued interest on the outstanding balance was $4,639 and is included in the due to officer account. The Company had fully reserved receivables from companies owned by the Company’s former CEO. The reserve was $71,796 as of December 31, 2022. The bad debt expense of $71,796 was recorded for the year ended December 31, 2022. At December 31, 2021, the net balance due to Rik Deitsch, and the companies majority owned and controlled by him is $199,726, which net balance is unsecured and accruing interest at 4%. During the year ended December 31, 2021, we repaid $182,741 and were advanced $105,780 on this balance. Additionally, accrued interest on the outstanding balance was $7,520 and is included in the due to officer account. For the year ended December 31, 2021, we recorded a bad debt expense of $68,330 for the receivables from companies owned by the Company’s CEO.

DUE TO/FROM OFFICER

12 Months Ended

Dec. 31, 2022

5. DUE TO/FROM OFFICER

At December 31, 2022, the net balance due to Rik Deitsch, and the companies majority owned and controlled by him (collectively referred to as “Due to Officer”) in the aggregate is $112,046, which net balance is unsecured and accruing interest at 4%. During the year ended December 31, 2022, in the aggregate, we repaid $267,500 and were advanced $103,385 on this balance. Additionally, accrued interest on the outstanding balance was $4,639 and is included in the due to officer account. The Company had fully reserved receivables from companies owned by the Company’s former CEO. The reserve was $71,796 as of December 31, 2022. The bad debt expense of $71,796 was recorded for the year ended December 31, 2022.

At December 31, 2021, the net balance due to Rik Deitsch, and the companies majority owned and controlled by him is $199,726, which net balance is unsecured and accruing interest at 4%. During the year ended December 31, 2021, we repaid $182,741 and were advanced $105,780 on this balance. Additionally, accrued interest on the outstanding balance was $7,520 and is included in the due to officer account. For the year ended December 31, 2021, we recorded a bad debt expense of $68,330 for the receivables from companies owned by the Company’s CEO.

NUTRA PHARMA CORP 10-K