XML 58 R23.htm IDEA: XBRL DOCUMENT v3.22.1
Subsequent Events
12 Months Ended
Dec. 31, 2021
Subsequent Events [Abstract]  
Subsequent Events

Note 17. Subsequent Events

 

In February 2022 the Company issued 10,000,000 shares of common stock to Charles Hyatt, a director, upon the exercise of a common stock purchase warrant at an exercise price of $0.025 for $250,000.

 

In February, 2022 the Company issued 600,000 shares of common stock related to Grace Hyatt, the adult daughter of a director upon the exercise of a common stock purchase warrant at an exercise price of $0.025 for $15,000.

 

On January 31, 2022 and February 28, 2022 the Company issued an aggregate of 206,318 shares of its common stock with a fair value of $21,000 to a consultant for services related to the dive retail industry.

 

On January 19, 2022, SSI entered into a capital lease with Alliance Funding Group to secure a new piece of essential equipment for its operation. The lease has a 36 month term with a monthly payment of $3,522. At the end of the lease SSI has the option to purchase the equipment for $3,522 plus applicable taxes. The total purchase price of machine was $108,675.