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Related Party Transactions
12 Months Ended
Dec. 31, 2019
Notes  
Related Party Transactions

 

NOTE 14 – RELATED PARTY TRANSACTIONS

 

Stock Issuances

 

In December 2019 the Board of Directors approved the issuance of 2,500,000 shares of restricted common stock to the President/CEO and the issuance of 281,000shares of restricted common stock to other officers and directors. In addition, the Board of Directors approved the issuance of 2,000,000 shares of restricted common stock to Steven Boyce, a son of the President/CEO and an employee of the Company.  These shares were for compensation. These shares were recorded at the trading price at the time of approval, for an average of 0.041 per share, resulting in $196,021 recorded as stock-based compensation expense.

 

In December 2018 the Board of Directors approved the issuance of 1,000,000 shares of restricted common stock to the President/CEO and the issuance of 281,000shares of restricted common stock to other officers and directors. These shares were for compensation. These shares were recorded at the trading price at the time of approval, for an average of 0.04 per share, resulting in $51,240 recorded as stock-based compensation expense.