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SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2022
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 12 – SUBSEQUENT EVENTS

 

Subsequent to December 31, 2022:

 

In January of 2023, the Company entered into a rental and purchase agreement for a vessel and trailer. Under the terms of the agreement, the Company has the right to exclusive use of the vessel, a thirty four foot King Cat manufactured by Baha Cruisers, and trailer to be able to haul the vessel. The Company agreed to make a one time payment of 15,000,000 shares of its restricted common stock, with an agreed upon value of $30,000 for the purposes of the valuation of the vessel and trailer, and pay $1,557 per month for sixty months. The Company and the owner of the vessel and trailer agreed that the price of the shares for the purposes of the share price calculation was $0.002. Once the Company has paid the amount totaling the agreed upon purchase price of $100,000, the owner of the vessel agreed to transfer the title and ownership of the vessel and trailer to the Company.

 

In January of 2023, the Company entered into a rental and purchase agreement for a vehicle for use in the Company’s operations to tow vessels and other equipment. Under the terms of the agreement, the Company has the right to exclusive use of the vehicle, a 2021 Dodge RAM 3500. The Company agreed to make a one time payment of 11,242,350 shares of its restricted common stock, with an agreed upon value of $22,485 for the purposes of the valuation of the truck, and pay $1,167 per month for sixty two months. Once the Company has an amount totaling the payoff amount, $52,464, to the seller, the seller agreed to transfer title and ownership of the vehicle to the Company.

 

Subsequent to December 31, 2022 the Company sold or issued additional shares of its restricted common stock as follows:

 

  (i)

sales of 189,109,346 shares of restricted common stock under subscription agreements for proceeds received of approximately $526,000;

     
  (ii) the issuance of 41,750,000 share of restricted common stock for subscription agreements that were entered into during the prior period for proceeds received of approximately $83,500;

 

  (iii)

the issuance of 68,959,066 shares of restricted common stock, with an aggregate value of approximately $509,000 to various service providers; and

     
  (iv) the issuance of 1,000,000 shares of restricted common stock, with a value of approximately $7,200, to a non profit as a charitable donation.

 

Subsequent to December 31, 2022 the following loans went into default:

 

1)A convertible note payable originally due January 6, 2023 with a face amount of $20,000;

 

2)A convertible note payable originally due January 28, 2023 with a face amount of $10,000; and

 

3)A convertible note payable originally due February 04, 2023 with a face amount of $10,000.