Stockholders’ Deficit

12 Months Ended

Dec. 31, 2022

Equity [Abstract]

Stockholders’ Deficit

Note 8 – Stockholders’ Deficit

The Company has one (1) class of stock:

Common Stock

- 500,000,000 shares authorized

- $0.0001 par value

- Voting at 1 vote per share

Equity Transactions for the Year Ended December 31, 2022

Stock Issued as Debt Issue Costs

The Company issued 302,038 shares of common stock in connection with the issuance of notes payable – related parties. The fair value of these shares was $1,991 ($0.01 - $0.06/share), based upon the quoted closing trading price.

Stock Issued for Cash

The Company issued 20,667,999 shares of common stock for $482,200 ($0.02 - $0.03/share). Of the total shares issued for cash, $5,000 were issuable at December 31, 2021.

Stock Issued for Settlement of Liabilities

The Company issued 6,200,000 shares of common stock in settlement of accrued liabilities totaling $155,000 ($0.03/share). The fair value of these shares was based upon the quoted closing trading price. In connection with this settlement, there was no gain or loss on settlement.

Stock Issued for Services

The Company issued 380,000 shares of common stock for services rendered, having a fair value of $6,500 ($0.01 - $0.025/share). The fair value of these shares was based upon the quoted closing trading price.

Stock to be Issued

The Company sold 250,000 shares of common stock for $5,000 ($0.02/share). These shares were issued in January 2023.

Equity Transactions for the Year Ended December 31, 2021

Stock Issued as Debt Issue Costs

The Company issued 1,197,758 shares of common stock in connection with the issuance of notes payable – related parties. The fair value of these shares was $54,986 ($0.046/share), based upon the quoted closing trading price.

Stock Issued for Cash

The Company issued 18,112,501 shares of common stock for $656,500 ($0.03 - $0.05/share).

Stock Issued for Services

The Company issued 482,500 shares of common stock for services rendered, having a fair value of $14,475 ($0.03/share). The fair value of these shares was based upon the quoted closing trading price.

GREENWAY TECHNOLOGIES, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2022 AND 2021