SUBSEQUENT EVENTS

3 Months Ended

Mar. 31, 2023

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

11. SUBSEQUENT EVENTS

Management has evaluated subsequent events according to the requirements of ASC TOPIC 855, and has reported the following:

Sale of Series E Preferred Stock

On April 7, 2023, an investor purchased 600 additional shares of Series E Preferred Stock for cash of $60,000, the stated valued of the shares. On May 8, 2023, the investor purchased 600 additional shares of Series E Preferred Stock for cash of $60,000, the stated value of the shares.

Stock Options

On May 4, 2023, the Board of Directors of the Company granted to a consultant non-qualified stock options for a total of 50,000,000 common shares.  The options are exercisable on a cash or cashless basis for a period of ten years from the date of grant at an exercise price of $0.0006 per share.  The options vest 8,333,330 at the end of month 6 and 1,388,889 at the end of each month from the end of month 7 through the end of month 36.

On May 4, 2023, the Board of Directors of the Company amended certain non-qualified stock options to reduce the exercise price to $0.0006 per share.