Stockholders’ Equity

9 Months Ended

Sep. 30, 2021

Equity [Abstract]

Stockholders’ Equity

Note 12 – Stockholders’ Equity

The Company is authorized to issue 525,000,000 shares of capital stock, $0.0000001 par value per share, of which 5,000,000 shares are designated as Series A Convertible Preferred stock, 20,000,000 shares are designated as preferred stock and 500,000,000 shares are designated as common stock. As of September 30, 2021, and December 31, 2020, there were no shares of preferred stock issued and outstanding, 91,301,200 and 88,461,200 shares of common stock issued and outstanding, respectively.

During the nine months ended September 30, 2021, the Company sold 2,490,000 shares of common stock for total cash consideration of $249,000.

During the nine months ended September 30, 2021, the Company issued 350,000 shares for services to the Company’s directors and to one of the Company’s officers for total fair value of $35,000.

During the nine months ended September 30, 2021, the Company cancelled 1,829,631 shares of common stock pursuant to a settlement agreement (Note 13).