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CAPITAL STOCK
6 Months Ended
Jun. 30, 2022
Equity [Abstract]  
CAPITAL STOCK

NOTE 5 – CAPITAL STOCK

 

The Company is authorized to issue 200,000,000 shares of Common stock, $0.001 par value, with such designations, rights and preferences as may be determined from time to time by the Board of Directors. At June 30, 2022, there were 18,010,208 shares issued and outstanding.

 

Preferred stock

 

The Company is authorized to issue 10,000,000 shares of preferred stock, $.001 par value, with such designations, rights and preferences as may be determined from time to time by the Board of Directors, of which 10,000,000 shares are designated Series A Convertible Preferred.

 

On June 15, 2014, the Company designated the Series A Convertible Preferred so that each share shall hold with its conversion rights of one hundred (100) shares of common stock for every share of Series A Preferred stock held, and that each share of Series A Preferred stock will also hold with it the same number of common share votes prior to conversion as it would if fully converted to be used in voting on any company matter requiring a vote of shareholders. At June 30, 2022, there were 10,000,000 shares issued and outstanding.