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Subsequent Events
6 Months Ended
Jun. 30, 2021
Subsequent Events [Abstract]  
Subsequent Events

10. Subsequent Events

 

The Company evaluated its June 30, 2021, financial statements for subsequent events through the date the financial statements were issued and is aware of subsequent events that would require recognition or disclosure in its financial statements as provided below:

 

On August 16, 2021, the Board determined not to amend its articles of incorporation, previously intended to change the Company’s name as reported to its stockholders, due to changes in its business development strategy. 

 

On July 23, 2021, the Board approved the issuance of 29,537,848 shares of its restricted common stock, par value $0.001 to four individuals (4) and five (5) entities, effective June. 30, 2021, pursuant to exemptions from registration promulgated under Securities and Exchange Act of 1933, as amended pursuant to the execution of certain debt settlement agreements, in exchange for which $1,605,844 in liabilities were settled and extinguished.