SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2022

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 10– SUBSEQUENT EVENTS

Subsequent to June 30, 2022, the Company issued or has agreed to issue shares of its common stock as follows:

(i) sales of 53,956,522 shares of restricted common stock under subscription agreements for proceeds of approximately $151,000; and

(ii) issuance of 416,667 shares of restricted common stock to service providers.

Subsequent to June 30, 2022, the Company entered into the following convertible promissory note and loan agreements:

- In July of 2022, the Company entered into a convertible promissory note agreement in the amount of $20,000 with a related party who is a member of the Board of Directors. This note pays interest at a rate of 6% per annum and the principal and accrued interest was due on or before January 6, 2023. The note is unsecured and is convertible at the lender’s option into shares of the Company’s common stock at a rate of $0.0015 per share.

- In July of 2022, the Company entered into a convertible promissory note agreement in the amount of $10,000 with a related party who is a member of the Board of Directors. This note pays interest at a rate of 6% per annum and the principal and accrued interest was due on or before January 29, 2023. The note is unsecured and is convertible at the lender’s option into shares of the Company’s common stock at a rate of $0.0020 per share.

- In August 2022, the Company’s CEO provided a loan to the Company in the amount of $3,500. The loan has an interest rate of 1% and is due and payable within thirty days.

- In August of 2022, the Company entered into a convertible promissory note agreement in the amount of $10,000 with a related party who is a member of the Board of Directors. This note pays interest at a rate of 6% per annum and the principal and accrued interest was due on or before February 4, 2023. The note is unsecured and is convertible at the lender’s option into shares of the Company’s common stock at a rate of $0.0020 per share.

- In August of 2022, the Company entered into a loan agreement in the amount of $5,000 with a related party. The loan pays interest at a rate of 6% per annum and the principal and accrued interest are due within fourteen days. The related party lender was also to receive a loan origination fee of 500,000 shares of the Company’s restricted common stock.