EQUITY |
6 Months Ended |
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Jun. 30, 2022 | |
Equity [Abstract] | |
EQUITY | NOTE 4 – EQUITY
Common stock
The Company has authorized shares of $ par value. As of June 30, 2022 and December 31, 2021, the Company had and shares as of December 31, 2021, issued and outstanding, respectively.
Preferred stock
The Company has shares of $ par value of Series A Preferred Stock. As of June 30, 2022, and December 31, 2021, there were zero and shares of Series A Preferred Stock issued and outstanding, respectively.
As described in NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS on February 9, 2022, as a result of a private transactions, shares of Series A Preferred Stock were transferred from Custodian Ventures, LLC to MetaVerse Investment Group (the “Purchaser”). These preferred shares were convertible into 90% of the common stock of the Company. On February 18, 2022, the Purchaser converted shares of the Series A Preferred Stock to shares of common stock.
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