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SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2021
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 14 – SUBSEQUENT EVENTS

 

During the period from January 1, 2022 to March 30, 2022, the Company elected to convert $101,000 of principal and interest of non-redeemable convertible notes into 1,010,000,000 shares of common stock of the Company with a fair value of $685,000 resulting in a loss of extinguishment of debt of $584,000.

 

On March 26, 2022, the Company agreed to issue 10,500 shares of Series A Convertible Preferred Stock for compensation to Nadav Elituv, the Chief Executive Officer of the Company.