NATURE AND DESCRIPTION OF BUSINESS

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

NATURE AND DESCRIPTION OF BUSINESS

NOTE 1 – NATURE AND DESCRIPTION OF BUSINESS

Trustfeed Corp. (“the Company”) was incorporated in the State of Nevada on September 14, 2000, as Telemax Communications, Inc. On July 14, 2003, the Company changed its name to HealthMed Services, Ltd. The Company suspended its operations as a result of the Change of Control Transaction (defined below), and in accordance with Accounting Standards Codification (ASC) Topic 915 is considered to be in the development stage.

On April 16, 2021, a board member agreed to sell, assign, and transfer 4,850,000 shares of Company’s Series A Preferred Stock and deliver to the Company for cancellation and return to treasury 45,000,000 shares of Company Series A Preferred Stock.

On April 27, 2021, James Shipley resigned as President, Secretary, Treasurer, and Director of the Company at which time Rasmus Refer was appointed to these positions.

On September 23, 2022, the Company changed its name to Trustfeed Corp. and its ticker to TRFE, and the Company acquired assets and became a technology company with access to a global database of information to provide consumers with trusted information about the companies they do business with (the “Pre-Existing Business”).

On December 29, 2023, in accordance with a Stock Purchase Agreement, Fastbase, the then record and beneficial owner of (i) 90,437,591 shares of Common Stock of the Company, representing approximately 83% of the Company’s issued and outstanding Common Stock, and (ii) 500,000 shares of the Series A Convertible Preferred Stock of the Company, representing 100% of the Company’s issued and outstanding shares of Preferred Stock (clauses (i) and (ii), collectively, the “Transferred Shares”), sold the Transferred Shares to CWR 1, LLC, a Delaware limited liability Company (“CWR”) for aggregate consideration of $350,000 (the “Change of Control Transaction”). Additionally, Rasmus Refer, the Company’s then Chief Executive Officer (principal executive officer, principal accounting officer and principal financial officer) and Chairman and sole member of the Company’s Board of Directors, resigned from all director, officer and employment positions with the Company and its subsidiaries.

Also as of December 29, 2023, the size of the Board was increased from one director to two directors and Brett Rosen was appointed as a director and President, Chief Financial Officer, Secretary and Treasurer of the Company.

Upon the consummation of the Change of Control Transaction on December 29, 2023, the Company experienced a change in control. The Change of Control Transaction and related transactions had the following consequences:

● New management anticipates entering into a future transaction involving the Company, which could result in the acquisition of one or more businesses, companies or asset classes, including but not limited to intellectual property assets and that may currently be owned by affiliates of management (any of which, an “Operating Business”).

● The Company’s new management will be evaluating the Company’s Pre-Existing Business as part of these possible future transactions with an Operating Business, and in the meantime, has suspended the Company’s operations relating to the Pre-Existing Business, with the expectation of permanently shutting down, spinning off or assigning the Pre-Existing Business at the time of such future transaction(s).

Effective as of March 21, 2024, subsequent to the Balance Sheet date, Brett Rosen resigned from all of his officer and director positions with the Company, and he was replaced in all such positions by Terrence M. Tierney.