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NOTE 7. STOCKHOLDERS’ EQUITY
12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
NOTE 7. STOCKHOLDERS’ EQUITY

NOTE 7. STOCKHOLDERS’ EQUITY

 

On February 9, 2021 the company filed an amendment to the articles of incorporation with the State of Nevada to increase the total authorized shares to 900,000,000 at par value of $.0001 with common shares numbering 800,000,000 and blank check preferred shares numbering 100,000,000. On the same date the Company has filed a certificate of designation for the Series A Convertible Preferred Stock of the Company’s control and issued 99,220,000 shares of Series A Convertible Preferred Stock to Friction and Heat LLC.

 

On October 19, 2023, Mountain Top Properties entered into a Marketing Services Agreement for Stock compensation. On November 17, 2023, Hybrid Financial received 16,666,667 shares of common stock in exchange for marketing services valued at $498,333.

 

 Common Stock

 

The company is authorized to issue 800,000,000 shares of common stock, par value of $.0001 per share.

As of December 31, 2023, the Company had 266,775,020 shares of its common stock issued and outstanding.

 

Preferred Stock

 

The Company is authorized to issue 100,000,000 shares of Preferred Stock, par value $.0001 per share.

As of December 30, 2023, the Company had 100,000,000 shares of Series A Preferred Stock were issued and outstanding. 

 

Stock Payable

 

On December 8, 2023 a Subscription Agreement was entered into by Mountain Top Properties, Inc. and Mark Vargas to invest $10,000 in consideration for purchasing 1,000,000 shares of Common Stock at the price of $0.01 per share. This has been recorded as a Stock Payable in the Company.

 

On December 15, 2023 a Subscription Agreement was entered into by Mountain Top Properties, Inc. and Tatiana Vargas to invest $3,000 in consideration for purchasing 300,000 shares of Common Stock at the price of $0.01 per share. This has been recorded as a Stock Payable in the Company.

 

In December 2023, wires totaling $23,500 were deposited into Mountain Top Properties to be held for the consideration for purchasing Common Stock at a later date. This has been recorded as a Stock Payable in the Company.