Correction of Previously Issued Financial Statements

3 Months Ended

Mar. 31, 2022

Accounting Changes and Error Corrections [Abstract]

Correction of Previously Issued Financial Statements

5. Correction of Previously Issued Financial Statements

During the year ended December 31, 2014, the Company entered into consulting and marketing agreements whereby it committed to issue 500,000 shares of common stock with a fair value of $40,025. The services contemplated under the agreements were never provided or completed and the obligation of the Company to issue the shares should have been reversed in the following year.

The following changes reflect the adjustment of $40,025 made retroactively to the prior year’s consolidated financial statements:

Consolidated Statement of Stockholders’ Deficit

	Common stock issuable			Deficit			Total Stockholder’s Deficit
	$			$			$
Balance, December 31, 2020, as previously stated		40,025			(9,781,190	)		(3,408,331	)
Adjustment		(40,025	)		40,025			–
Balance, December 31, 2020, as restated		–			(9,741,165	)		(3,408,331	)