Common Stock

12 Months Ended

Dec. 31, 2023

Coomon Stock Abstract

COMMON STOCK

NOTE 6 - COMMON STOCK

Common Stock Issued to Officers:

During the year ended December 31, 2023 the Company issued 2,200,000 shares of restricted common stock to its officers and directors. The Company recorded a stock-based compensation charge of $41,800, the valuation being based on the closing price of $0.019 per share on the date of the grant.

During the year ended December 31, 2022 the Company issued 2,000,000 shares of restricted common stock to its President/Chief Executive Officer. The Company recorded a stock-based compensation charge of $35,000, the valuation being based on the closing price of $0.0175 per share on the date of grant.

Employment and Consulting Agreements

In September 2022 the Company entered into employment agreements with Mr. William Hayde and Mr. Keith Merrell and a consulting agreement with Hanover International. Under each of the agreements there is a provision that provides for the issuance of 500,000 shares of preferred stock. As of the current date no terms have been established for the preferred stock or its conversion to common stock and no Certificate of Designation has been filed. The issuance of the preferred shares is subject to approval.