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Stock
9 Months Ended
Sep. 30, 2022
Equity [Abstract]  
Stock

NOTE 6 – Stock

 

Preferred Stock

 

Preferred stock consists of 50,000,000 shares authorized at $0.001 par value. Preferred stock are blank check and have no conversion, dividend or voting rights. At September 30, 2022 and December 31, 2021 there were -0- preferred shares issued and outstanding.

 

Common Stock

 

Common stock consists of 850,000,000 shares authorized at $0.001 par value. At September 30, 2022 and December 31, 2021 there were 87,482,208 and 87,382,208 shares issued and outstanding, respectively.

 

During the nine months ended September 30, 2021, the Company issued 30,588,235 shares to pay $90,000 of accrued board of director compensation and accrued consulting of $14,000 that was included on the balance sheet at December 31, 2020. The shares value was based on the market price of the Company’s common stock of $0.0034 on the measurement date.

 

During the nine months ended September 30, 2021, the Company issued 9,411,765 shares to pay $32,000 of board of director compensation and consulting services of $3,000 that was included in the statement of operations at September 30, 2021. The shares value was based on the market price of the Company’s common stock of $0.0034 on the measurement date.

 

During the nine months ended September 30, 2022, the Company issued 100,000 shares to pay $1,000 of professional services that was included in the statement of operations at September 30, 2022. The shares value was based on the market price of the Company’s common stock of on the measurement dates.