Annual report pursuant to Section 13 and 15(d)

Common Stock

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Common Stock
12 Months Ended
Dec. 31, 2021
Equity [Abstract]  
Common Stock

 

8. Common Stock

 

Year Ending December 31, 2021

 

During the year ended December 31, 2021, the Company issued an aggregate of 32,118,979 shares of its common stock as follows:

 

  · The Company issued 8,533,333 shares of its common stock at $0.015 per share upon the private sale for proceeds of $128,000.

 

  · The Company issued 22,085,646 shares of its common stock upon the conversion of $524,000 in convertible notes pursuant to the convertible notes conversion prices of $0.02 to $0.03 per share.
     
  · The Company issued 500,000 shares of its common stock as compensation valued at $20,000 with price of $0.04 per share.
     
  · The Company issued 1,000,000 shares of its common stock for services valued at $40,000 with price of $0.04 per share.

 

Year Ending December 31, 2020

 

During the year ended December 31, 2020, the Company issued an aggregate of 13,069,707 shares of its common stock as follows:

 

  · The Company issued 2,000,000 shares of its common stock at $0.015 per share upon the private sale for proceeds of $30,000.

 

  · The Company issued 9,854,707 shares of its common stock upon the conversion of $410,000 in convertible notes pursuant to the convertible notes conversion prices of $0.02 to $0.15 per share.

 

  ·

The Company issued 1,155,000 shares of its common stock upon the exercise of warrants for proceeds of $58,000 at exercise price of $0.05 per share.

     
  · The Company issued 60,000 shares of its common stock upon the exercise of options for proceeds of $3,000 at exercise price of $0.05 per share.