Subsequent Events

12 Months Ended

Dec. 31, 2023

Subsequent Events

Subsequent Events

Note 12: Subsequent Events

On January 5, 2024, the Company entered into consulting agreements with four consultants to build a new distribution business, Catalyst Distribution. Under the terms of the agreements, the consultants can each earn up to 7,416,667 restricted shares of the Company’s common stock that will be granted over a 12 month period based on attainment of revenue goals. The initial grants are:

· David Shin was granted 2,472,222 shares on January 9, 2024.

· Sungchul Sin was granted 2,472,222 shares on January 9, 2024.

· Richard Yoo was granted 2,472,222 shares on January 9, 2024.

· Baron Huber was granted 2,472,222 shares on January 9, 2024.

On January 5, 2024, the Company and Think Capital Partners, LLC (formerly known as Tysadco Partners, LLC) entered into a Security Purchase Agreement. Think Capital Partners purchased $100,000 for 3,000,000 restricted common shares and 2,000,000 Warrants exercisable into common shares to be delivered to via book entry within 7 calendar days following the closing date. Think Capital Partners maintains ownership in certain $500,000 Redeemable Restricted Series B Preferred Shares plus 8% accrued annual interest and 2,000,000 warrants exercisable into common shares dated February 10, 2024.

On March 18, 2024, the Company issued 685,713 shares of common stock to the holder of a convertible promissory note related to the October 2023 modification of the note payable.