NOTE 5 – STOCKHOLDERS’ DEFICIT |
9 Months Ended |
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Sep. 30, 2023 | |
Equity [Abstract] | |
NOTE 5 – STOCKHOLDERS’ DEFICIT | NOTE 5 – STOCKHOLDERS’ DEFICIT
The Company is authorized to issue On June 3, 2022, the Board authorized the execution of a reverse split of the issued and outstanding shares of the Corporation’s common stock at a ratio of up to one post-split share per two thousand pre-split shares (1:2,000) at a time and exact ratio amount the Board of Directors deems appropriate. On September 2, 2022, FINRA approved a 1-for-2,000 reverse stock split of the Company’s common stock that was approved by the Company’s Board of Directors. The Company had and issued and outstanding shares of common stock as of September 30, 2023 and December 31, 2022, respectively. authorized shares of common stock with a par value of as of September 30, 2023 and December 31, 2022. On November 4, 2022, Trustfeed reduced its authorized shares of common stock, par value per share, from shares to shares.
The Company also has Each share of Series A Preferred Stock is convertible, at any time, at the option of the holder into fully paid and nonassessable shares of common stock at the rate of 20 shares of common stock for each share held. In addition, the holders of the Series A Preferred have voting rights equal to 20 votes for each Preferred share held. As of September 30, 2023 and December 31, 2022, and shares of Series A Preferred stock issued and outstanding. authorized shares of preferred stock with a par value of of which the Company has designated shares as Series A Preferred Stock as of September 30, 2023 and December 31, 2022. On November 4, 2022, Trustfeed reduced its authorized shares of preferred stock, par value per share, from shares to shares.
On November 4, 2022, Trustfeed filed Certificates of Withdrawal in Nevada to withdraw the Certificates of Designation for Series B Preferred Stock and Series C Preferred Stock. Following the transaction, the only designated and outstanding shares of preferred. stock are the company’s Series A Preferred Stock. No shares of Series B Preferred stock or Series C Preferred Stock are issued and outstanding.
During the nine months ended September 30, 2023 the Company issued $253,236, of which $37,044 had been received in a prior period. shares of common stock for cash proceeds of
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