STOCKHOLDERS’ EQUITY

9 Months Ended

Sep. 30, 2021

Equity [Abstract]

STOCKHOLDERS’ EQUITY

10. STOCKHOLDERS’ EQUITY

Common Stock and Preferred Stock

The Company is authorized to issue up to 10,000,000 shares of its preferred stock, $0.001 par value per share. The Company designated 4,000,000 shares of preferred stock as Series E Preferred Stock (the “Series E Preferred Stock”). Under the rights, preferences and privileges of the Series E Preferred Stock, for every share of Series E Preferred Stock held, the holder thereof has the voting rights equal to 10 shares of common stock. As of December 31, 2019, there were 5,000,000 shares of Series E Preferred Stock issued and outstanding. Additionally, Company has designated 10,000 shares of Series F Preferred Stock and 10,000 shares of the Series F Preferred Stock are issued and outstanding. Each share of Series F Preferred Stock is convertible into 0.1% of the issued and outstanding stock at the time of conversion.

From January 1, 2021, through September 30, 2021, the Company issued 13,569,115 shares of its common stock.

The Company is authorized to issue up to 900,000,000 shares of its common stock, $0.498 par value per share. Holders of common stock have one vote per share. As of September 30, 2021, and the same period in 2020, there were 30,440,466 and 6,871,351 shares of the Company’s common stock issued and outstanding, respectively.

On April 13, 2020, the Company effected a 500 for 1 reverse split of its common stock. The number of authorized common shares remained 900,000,000.

The following table represents S1 investments and issuances:

S1 Issuances	Investment		Shares issued		Cost Basis		Date
Tysadro Partners		200,000		571,428		0.35	20-Aug
Tysadro Partners		100,000		285,714		0.35	23-Sep
Trillium		50,000		150,000		0.35	9-Sep
Vision		70,000		200,000		0.35	9-Sep