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Stock
3 Months Ended
Mar. 31, 2024
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. On January 11, 2024, the Company designated 20,000,000 to be classified as Series A preferred.  Series A have voting rights equal to 25 common stock votes, have the same rights to liquidation as common and have no dividend or conversion rights. At March 31, 2024 and December 31, 2023 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 March 31, 2024 and December 31, 2023 there were 236,886,969 and 231,053,636 shares issued and outstanding, respectively.  

 

During the three months ended March 31, 2023, the Company issued 40,952,381 shares to pay $172,000 of board of directors and consulting services that was included in the statement of operations at December 31, 2022. The shares’ value was based on the market price of the Company’s common stock of on the measurement dates.

 

During the three months ended March 31, 2023, the Company issued 6,904,761 shares to pay $29,000 to a director who pays all the operating expenses of the Company.   The shares’ value was based on the market price of the Company’s common stock of on the measurement dates.

 

During the three months ended March 31, 2023, the Company issued 95,714,286 shares to pay $402,000 for accounts payable and accrued expenses that were on the balance sheet on December 31, 2022.   The shares value was based on the market price of the Company’s common stock of on the measurement dates.

 

During the three months ended March 31, 2024 the Company sold 5,833,333 shares and received $350,000.