STOCKHOLDERS’ DEFICIT

12 Months Ended

Dec. 31, 2022

Equity [Abstract]

STOCKHOLDERS’ DEFICIT

NOTE 7 – STOCKHOLDERS’ DEFICIT

The Company’s total authorized capital stock consists of 9,900,000,000 shares of common stock, $0.0001 par value per share.

Preferred Stock

The Company is authorized to issue 50,000,000 shares of preferred stock.

Series A Preferred Stock

At December 31, 2022 and 2021, the Company had seven shares of Series A preferred stock issued and outstanding. Each share of Series A preferred stock has the right to convert into 214,289 shares of the Company’s common stock. In the event of a liquidation, Series A have preference.

Series B Preferred Stock

On February 10, 2014, the Board of Directors of the Company under the authority granted under Article V of the Articles of Incorporation, defined and created a new preferred series of shares from the 50,000,000 authorized preferred shares. Pursuant to Article V, the Board of Directors has the power to designate such shares and all powers and matters concerning such shares. Such share class shall be designated Preferred Class B. The preferred class was created for 60 Preferred Class B shares. Such shares each have a voting power equal to one percent of the outstanding shares issued (totaling 60%) at the time of any vote action as necessary for share votes under Florida law, with or without a shareholder meeting. Such shares are non-convertible to common stock of the Company and are not considered as convertible under any accounting measure. Such shares shall only be held by the Board of Directors as a Corporate body, and shall not be placed into any individual name. Such shares were considered issued at the time of this resolution’s adoption, and do not require a stock certificate to exist, unless selected to do so by the Board for representational purposes only. Such shares are considered for voting as a whole amount, and shall be voted for any matter by a majority vote of the Board of Directors. Such shares shall not be divisible among the Board members, and shall be voted as a whole either for or against such a vote upon the vote of the majority of the Board of Directors. In the event that there is any vote taken which results in a tie of a vote of the Board of Directors, the vote of the Chairman of the Board shall control the voting of such shares. Such shares are not transferable except in the case of a change of control of the Corporation when such shares shall continue to be held by the Board of Directors. Such shares have the authority to vote for all matters that require a share vote under Florida law and the Articles of Incorporation.

Warrants and Options

The Company did not issue any warrants or options during the years ended December 31, 2022 and 2021.

At December 31, 2022, the Company had no warrants to purchase shares of its restricted common stock outstanding.

The following table shows the warrants outstanding at December 31, 2022 and 2021:

	Number of		Weighted Average		Weighted Average		Average
	Warrants		Exercise Price		Remaining Life (Years)		Intrinsic Value
Outstanding, December 31, 2020		4,000,000	$	0.0050		1.92	$	0.0013
Exercisable, December 31, 2020		4,000,000	$	0.0050		1.92	$	0.0013
Granted		-		-		-		-
Forfeited or expired		-		-		-		-
Exercised		-		-		-		-
Outstanding, December 31, 2021		4,000,000	$	0.0050		0.92	$	0.0010
Exercisable, December 31, 2021		4,000,000	$	0.0050		0.92	$	0.0010
Granted		-		-		-		-
Forfeited or expired		4,000,000		0.0050		-		-
Exercised		-		-		-		-
Outstanding, December 31, 2022		-	$	-		-	$	-