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STOCKHOLDERS’ DEFICIT
3 Months Ended
Jun. 30, 2023
Equity [Abstract]  
STOCKHOLDERS’ DEFICIT

NOTE – 9 STOCKHOLDERS’ DEFICIT

 

The Company is authorized to issue two classes of capital stock, up to 6,085,000,000 shares.

 

The Company is authorized to issue 85,000,000 shares of preferred stock, issuable in one or more series as may be determined by the Board.

 

The Company is authorized to issue 6,000,000,000 shares of common stock, with a par value of $0.001.

 

Series A Preferred Stock

 

The Company has designated 10,000,000 shares of Series A Preferred Stock, with a par value of $0.0001. Holders of Series A Preferred Stock are: (i) entitled to receive dividends or other distributions as may be declared by the Board of Directors in preference to the holders of Common Stock or other junior stock; (ii) entitled to 100 votes per share of Series A Preferred Stock on all matters submitted to a vote of the shareholders together with the Common Stock holders; (iii) entitled to convert each one (1) share of Series A Preferred Stock into one hundred (100) shares of Common Stock.

 

As of June 30, 2023 and March 31, 2023, the Company had no shares of Series A Preferred Stock issued and outstanding.

 

Series B Convertible Preferred Stock

 

The Company has designated 10,000,000 shares of Series B Convertible Preferred Stock, with a par value of $0.001. The Board and holder of the Series B Convertible Preferred Stock approved the revocation of the Series B Convertible Preferred Stock in May 2021. We intend to file amendments with the State of Delaware cancelling the Series B Convertible Preferred Stock in the near future.

 

As of June 30, 2023 and March 31, 2023, the Company had no shares of Series B Convertible Preferred Stock issued and outstanding.

 

Series C Preferred Stock

  

The Company has designated 50,000,000 shares of Series C Preferred Stock, with a par value of $0.001. Each one share of Series C Convertible Preferred Stock converts into 100 shares of common stock of the Corporation at the election of the holder, and each holder is entitled to 500 votes per share of Series C Preferred Shares.

 

As of June 30, 2023 and March 31, 2023, the Company had 30,000,000 shares of Series C Preferred Stock issued and outstanding.

 

Common Stock

 

As of June 30, 2023 and March 31, 2023, the Company had a total of 5,484,167,213 shares of common stock issued and outstanding.