Related party transactions	3 Months Ended
Mar. 31, 2022
Related Party Transactions [Abstract]
Related party transactions	7. Related party transactions During the three months ended March 31, 2022 and 2021, the major shareholder, advanced $6,000 and $37,122 to pay operating expenses for the Company, respectively. As of March 31, 2022 and December 31, 2021, the balances were $365,421 and $359,421, respectively. The amounts due to related parties as of March 31, 2022 and December 31, 2021 represent temporary advances from the Company’s major shareholder. The amounts are interest free, unsecured and no fixed repayment term.

Related party transactions

3 Months Ended

Mar. 31, 2022

7. Related party transactions

During the three months ended March 31, 2022 and 2021, the major shareholder, advanced $6,000 and $37,122 to pay operating expenses for the Company, respectively.

As of March 31, 2022 and December 31, 2021, the balances were $365,421 and $359,421, respectively.

The amounts due to related parties as of March 31, 2022 and December 31, 2021 represent temporary advances from the Company’s major shareholder. The amounts are interest free, unsecured and no fixed repayment term.

X Metaverse Inc. 10-Q