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Subsequent Events
12 Months Ended
Dec. 31, 2020
Subsequent Events [Abstract]  
Subsequent Events

Note 15. Subsequent Events

 

On February 22, 2021 the holder of the convertible promissory note in the principal amount of $10,000 issued a notice of conversion. The note in the principal amount and interest of $14,777 was converted at a conversion price of $.035 for a total 422,209 shares of common stock. Further, the conversion notice stated that this conversions satisfied all of debt due to the lender, which would include an additional note of $10,000 that was not convertible and unsecured.

 

On March 1, 2021 the Company entered into an Investor Relations Consulting Agreement with BGM Equity Partners, LLC pursuant to which the Company engaged the firm to provide investor relations services. The term of the agreement is for a minimum guaranteed period of six months, and thereafter is cancellable by either party upon 30 days notice to the other party. As compensation the Company issued the consultant 3,000,000 shares of its common stock, valued at $120,000, and is responsible for reimbursement of certain pre-approved expenses.

 

On March 25, 2021 Charles F. Hyatt, a member of the board of directors, purchased 27,500,000 shares of common stock at a purchase price of $0.01 per shares for aggregate proceeds of $275,000. The Company did not pay any commissions or finders fees and is using the proceeds for working capital.