NOTE 10 - STOCKHOLDERS' DEFICIT

12 Months Ended

Dec. 31, 2017

Equity [Abstract]

(10) STOCKHOLDERS' DEFICIT

(10) STOCKHOLDERS’ DEFICIT

At December 31, 2017 and 2016, the Company has 250,000,000 shares of par value $0.001 common stock authorized and 30,556,544 and 14,976,544 issued and outstanding, respectively. At December 31, 2017 and 2016, the Company has 10,000,000 shares of par value $0.001 preferred stock authorized and 500,000 and 0 issued and outstanding, respectively.

During 2017 the Company through a subsidiary issued 7,112,000 shares in exchange for $54,633 in cash. During 2017 the Company issued 500,000 shares of Series A preferred stock and 5,418,000 shares of common stock in connection with the reverse acquisition of Nixon Restaurant Group, Inc.

The rights and privileges of the Series A preferred stock are solely as a Asuper voting@ stock, whereby each one share of Series A holds votes amounting to the equivalent of 100,000 shares of common stock. Therefore, the 500,000 shares of Series A issued and outstanding hold an aggregate votes equal to 500,000,000 common shares. The Series A shares have no dividend rights, no liquidation preferences, are not transferable and can be redeemed by the holder for $5,000 in cash from the Company for the entire 500,000 share block at the holders’ option.