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SUBSEQUENT EVENTS
3 Months Ended
Mar. 31, 2022
SUBSEQUENT EVENTS  
Subsequent Events

NOTE 12 - SUBSEQUENT EVENTS

 

On May 1, 2022, the Company issued 75,000 shares to extend a certain note payable dated May 1, 2020.

 

On May 2, 2022, the Company issued 12,500 shares to extend a certain note payable dated May 2, 2017.

 

On June 1, 2022, the Company agreed to issue 100,000 shares to extend a certain note payable dated February 2, 2018. As of April 10, 2023 the shares had not yet been issued.

 

On July 14, 2022, the Company entered into a $750,000, 12% line of credit with a Company controlled by a shareholder that is due on December 15, 2023 and convertible into shares of the Company’s common stock at $0.325 per share.

 

On July 14, 2022, the Company entered into a $500,000, 12% line of credit with a Company controlled by a shareholder that is due on December 15, 2023 and convertible into shares of the Company’s common stock at $0.08 per share.

 

On August 1, 2022 the Company received and cancelled 126,440 shares of common stock valued at $158,050 that had previously been issued as commitment shares for a note payable.

 

On November 9, 2022 the Company issued 18,750 of the Company’s common stock for services.

 

On November 30, 2022 the Company issued 115,973 shares of the Company’s common stock to extend a certain note payable dated November 12, 2021.

 

On December 15, 2022 the Company issued 90,000 shares of the Company’s common stock to settle $18,000 in accrued interest due to a note holder.

 

On May 3, 2023 the Company issued 84,400 shares of the Company’s common stock to convert $42,200 in principal for a certain convertible note dated July 18, 2022.

 

On May 3, 2022 the Company issued 2,200,000 of the Company’s common stock for services.

   

On April 6, 2023, the Company was served a Summons for an Amended Complaint filed in the state of Florida with claims for Strict Liability, Negligence and Breach of Implied Warranty. The complaint, filed by an insurance company, stems from its payments for claims filed by a policy holder on two separate occasions. The first claim was due to a leak caused by improper installation in which the contractor failed to meet local codes. The second followed the contractors failure to properly repair the improper installation. The complaint states that the contractor failed to follow basic installation guidelines supplied with the product in either incident, resulting in damages. The Company believes the claims related to the Company and its products are without merit.