Subsequent Event

12 Months Ended

Dec. 31, 2022

Subsequent Event

Subsequent Events

Note 12. Subsequent Events

The Company has evaluated events from December 31, 2022, through the date whereupon the financial statements were issued and has determined that there are no material events that need to be disclosed, except as follows:

On January 25, 2023, the Company and White Lion amended the CSPA to provide that if the Company issues a share price purchase notice at a time that the Company’s common stock is trading below $0.25 per share and White waives the minimum price condition, the share purchase price multiplier for that transaction will be 90% instead of 93%.  All other terms, conditions and provisions of the CSPA, remain in full force and effect.

The Company issued 3,472,500 shares of common stock for the following:

· 3,378,750 shares of common stock were sold to White Lion and received net proceeds of $527,350 after administrative fees related to the CSPA of $600 were deducted.

· 937,500 shares of common stock were issued to officers and consultants for $187,500 of accrued compensation.