RELATED PARTY ACTIVITY

12 Months Ended

Dec. 31, 2023

Related Party Transactions [Abstract]

RELATED PARTY ACTIVITY

NOTE 6 - RELATED PARTY ACTIVITY

During the year ended December 31, 2023, the Company was provided loans totaling $117,161 by the Company’s chief executive officer. The loans bear interest at 6% per annum. There was $12,726 in accrued interest at December 31, 2023.

During the year ended December 31, 2023, $103,000 in notes payable and accrued interest to the Company’s chief executive officer were converted to 206,000 shares of the Company’s common stock valued at $226,600 based on the closing price on grant date. $123,600 was recorded as loss on settlement of related party debt on the accompanying statement of operations as of December 31, 2023.

During the year ended December 31, 2022, the Company was provided loans totaling $259,687 by the Company’s chief executive officer. The loans bear interest at 6% per annum. There was $16,176 in accrued interest at December 31, 2022.

During the year ended December 31, 2022, $406,787 in notes payable to the Company’s chief executive officer were converted to 689,470 shares of the Company’s common stock valued at $4,274,714 based on the closing price on the grant date. $3,867,927 was recorded as loss on settlement of related party debt on the accompanying statement of operations as of December 31, 2022.

As of December 31, 2023, the Company has $36,326 in accrued dividends on preferred stock, of which $19,141 are due to the Company’s chief executive officer.

NOTE 6 - RELATED PARTY ACTIVITY (CONTINUED)

The following table is a summary of the activity for Loan payable- related parties for the years ended December 31, 2023 and December 31, 2022:

Balance at 12/31/2021	$	153,100
Loan increases		259,687
Loan principal converted to common stock		(406,787	)
Balance at 12/31/2022		6,000
Loan increases		117,161
Loan principal converted to common stock		(97,480	)
Balance at 12/31/2023	$	25,681