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NOTE 10. SUBSEQUENT EVENTS
3 Months Ended
Mar. 31, 2021
Subsequent Events [Abstract]  
NOTE 10. SUBSEQUENT EVENTS

NOTE 10.  SUBSEQUENT EVENTS

 

On April 19, 2021, as authorized by Section 1106 of the CARES Act, the SBA remitted to the Company’s lender for forgiveness of the Company’s Paycheck Protection Program loan of $500,000.

 

On April 9, 2021, 15,000 shares of Series C Convertible Preferred Stock were converted to 150,000,000 share of common stock.

 

On April 16, 2021, 15,000 shares of Series C Convertible Preferred Stock were converted to 150,000,000 share of common stock.

 

On April 26, 2021, 15,000 shares of Series C Convertible Preferred Stock were converted to 150,000,000 share of common stock.

 

On May 5, 2021, 15,000 shares of Series C Convertible Preferred Stock were converted to 150,000,000 share of common stock.

 

On May 10, 2021, 15,000 shares of Series C Convertible Preferred Stock were converted to 150,000,000 share of common stock.

 

A lawsuit was filed by American Express Travel Related Services Company, Inc. against Service 800, Inc. for unpaid credit card balance of $108,656.30. A settlement has been reached to satisfy this debt by the parties.