XML 34 R15.htm IDEA: XBRL DOCUMENT v3.23.2
SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2022
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 9 - SUBSEQUENT EVENTS

 

In accordance with ASC Topic 855, “Subsequent Events”, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date, but the financial statements are issued, the Company has evaluated all events or transactions that occurred after December 31, 2022, up through the date the Company issued the audited consolidated financial statements and identify the understated.

 

 

As of date of this filing, Company has executed and delivered an Exchange Agreement, which recited it is dated as of April 20, 2023, (the “EA”) Mammoth Corporation (“MC”) pursuant to which it exchanged a variable rate promissory note (the “Note”) previously held by Kodiak Capital Group, LLC (“KCG”), which note had been acquired by Mammoth Corporation, for 40,000 shares of its newly created Series E Preferred Stock, the terms and conditions of which are described herein. Among other things MC has agreed not to exercise the warrants associated with the Note. Based on the assertions of a holder of an identical note, management believes that KCG would have asserted that the amount due on the Note, with interest and penalties exceeded $600,000.

 

As of May 26th 2023, Company entered into an Assignment and Purchase Agreement (the “APALO) with Loredo LLC (“LO”) whereunder we acquired interests in total of 45 projects valued at $22,320,641 from LO for 391,590,193 shares of our common stock. On May 26, 2023, Boxo Technology, Inc. entered into an Assignment and Purchase Agreement (the “APAWEW”) with West East Wind Limited (“WEWL”) whereunder Boxo Technology, Inc. will acquire certain rights in 3 gaming apps and transfer to WEWL its interests in 2 real estate projects Thunder and Geminos (which Livento is not further pursuing).