Share Based Compensation

3 Months Ended

Mar. 31, 2024

Share-Based Payment Arrangement [Abstract]

Share Based Compensation

Note 4 – Share Based Compensation

The Company adopted its 2020 Equity Incentive Plan (the “Plan”) which became effective in January 2021. Under the Plan, the Company is authorized to issue up to 10 million shares of common stock pursuant to grants and the exercise of rights under the Plan.

A summary of the stock options as of March 31, 2024, and changes during the periods are presented below: 

												SBC Expense - 3 Months Ended
Grant Date	Expiration Date	Exercise Price		Valuation		Volatility		Options Granted		Expected Life (Yrs)		3/31/2024		3/31/2023
3/22/2021	3/22/2026	$	0.0900	$	190,202		211%		2,000,000		3.4	$	–	$	14,262
8/24/2022	8/24/2032	$	0.0600	$	43,456		178%		730,000		5.5		–		–
10/12/2022	10/12/2032	$	0.0600	$	106,109		162%		2,250,000		5.5		–		–
1/16/2023	1/16/2028	$	0.0675	$	13,267		174%		250,000		3.3		555		7,738
												$	555	$	22,000

					Weighted
					Average
			Weighted		Remaining
			Average		Contractual		Aggregate
	Number of		Exercise		Life		Intrinsic
	Options		Price		(Years)		Value
Balance at December 31, 2022		4,980,000	$	0.07		7.1	$	–
Exercised		–		–		–		–
Issued		250,000		0.07		4.0		–
Canceled		–		–		–		–
Balance at December 31, 2023		5,230,000		0.07		6		–
Exercised		–		–		–		–
Issued		–		–		–		–
Canceled		–		–		–		–
Balance at March 31, 2024		5,230,000		0.07		5.8		–
Options exercisable at March 31, 2024		5,230,000		0.07		5.8		–