EQUITY

6 Months Ended

Jun. 30, 2021

EQUITY

NOTE 9 - EQUITY

NOTE 9 - EQUITY

Authorization of Common and Preferred Stock

The Company is authorized to issue 10,000,000,000 shares of common stock and 1,000,000 shares of preferred A (each share convertible on one for one base for common stock, no voting rights), 10,000 shares of preferred A-2 (each share convertible into four times the sum of all shares of common stock issued and outstanding with the same voting rights), 1,000,000 shares of preferred B (each share convertible into 10 shares of common stock and has 10 votes for any election) and 1,000 shares of preferred C (each share is not convertible and has voting rights equal to four time the sum of total common stock shares issued and outstanding plus the total number of series B, A and A-2 that are issued and outstanding).

Preferred A Stock

As of June 30, 2021 and December 31, 2020, 98,796 shares of the Company’s Preferred A Stock were issued and outstanding.

Preferred C Stock

As of June 30, 2021 and December 31, 2020, 20 shares of the Company’s Preferred C Stock were issued and outstanding.

Common Stock

During the six months ended June 30, 2021, the Company issued 119,264,199 common shares as follows;

• 57,372,320 shares of common stock for conversion of debt of $1,236,291.

• 1,281,787 shares of common stock for settlement of debt of $1,025,425.

• 43,425 shares of common stock for stock payable of $19,000.

• 48,400,000 shares of common stock for cash of $459,000, of which $100,000 for 10,000,000 shares was recorded as subscription receivable as of June 30, 2021 and the Company received $100,000 in July 2021.

• 11,166,667 shares of common stock to related parties for compensation valued at $111,667.

• 1,000,000 shares of common stock for consulting service valued at $12,000.