Subsequent Events

6 Months Ended

Jun. 30, 2022

Subsequent Events [Abstract]

Subsequent Events

Note 20 – Subsequent Events

Management has evaluated events that occurred subsequent to the end of the reporting period shown herein:

In July 7, 2022 the Company filed a preliminary information statement to the stockholders of record (the “Record Date”) in connection with certain actions to be taken by the written consent by stockholders holding a majority of the voting stock of the Company, dated as of June 28, 2022. The actions to be taken pursuant to the written consent shall be taken on or about mid-August 2022, 20 days after the mailing of this information statement.

The following actions will be taken pursuant to a written consent of stockholders holding a majority of the issued and outstanding voting shares of the Company dated June 28, 2022, in lieu of a special meeting of the stockholders. Such actions will be taken on or about mid-August, 2022:

● To amend the Company’s Articles of Incorporation, (the “Articles of Incorporation”) to increase the number of authorized shares of common stock, par value $0.00001 per share (the “Common Stock”), of the Company from 2,000,000,000 shares to 10,000,000,000 shares.

● (i) authorize the Company’s Board of Directors to effect, in its sole discretion, a reverse stock split of the Common Stock in a ratio of up to 1-for-500 (the “Reverse Stock Split”), and (ii) authorize the filing of an amendment to the Company’s Articles of Incorporation to implement the Reverse Stock Split and any other action deemed necessary to effectuate the Reverse Stock Split, without further approval or authorization of stockholders, at any time prior to December 31, 2023.

A DEFINITIVE INFORMATION STATEMENT WAS MAILED TO ALL SHAREHOLDERS OF RECORDS ON JULY 21, 2022

Subsequent common stock issuance

Subsequent to June 30, 2022, there were multiple note holders elected to convert $198,900 principal amount into 150,000,000 shares of the Company’s common stock.