Common Stock

12 Months Ended

Dec. 31, 2024

Common Stock [Abstract]

COMMON STOCK

NOTE 6 - COMMON STOCK

On October 19, 2011, the Company filed Articles of Incorporation with the State of Utah so as to authorize 90,000,000 shares of common stock having a par value of $0.001 per share. At December 31, 2024 and 2023 there are 83,548,469 shares of preferred stock issued and outstanding.

Common Stock Issued to Officers:

The Company issued no shares of restricted common stock to officers and directors in the year ended December 31, 2024.

During the year ended December 31, 2023 the Company issued 2,200,000 shares of restricted common stock to its officers and directors. The Company recorded a stock-based compensation charge of $41,800, the valuation being based on the closing price of $0.019 per share on the date of the grant.

Employment and Consulting Agreements

In September 2022 the Company entered into employment agreements with Mr. William Hayde and Mr. Keith Merrell and a consulting agreement with Hanover International. Under each of the agreements there is a provision that provides for the issuance of 500,000 shares of preferred stock. As of the current date no terms have been established for the preferred stock or its conversion to common stock and no Certificate of Designation has been filed. The issuance of the preferred shares is subject to approval.