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Prepaid Consulting Expenses, Disclosure
12 Months Ended
Dec. 31, 2020
Notes  
Prepaid Consulting Expenses, Disclosure

NOTE 5 - PREPAID CONSULTING EXPENSES

 

Prepaid consulting expense was $1,462,975 and $481,335 as of December 31, 2020 and 2019, respectively. During the years ended December 31, 2020 and 2019, the Company issued 12,190,000 and 2,094,300 shares of stock for various consulting agreement related to sales, marketing, and payroll with terms ranging between 6 months to two years. The Company considered the market price of the common stock issued and fair value of the services rendered and determined that the market prices of the share issued of $2,754,350 and $1,012,285, respectively were the more readily determinable values. The Company recorded amortization of the prepaid stock compensation amounting to $1,772,710 and to $758,064 for the years ended December 31 2020 and 2019, respectively.