EQUITY

12 Months Ended

Dec. 31, 2021

EQUITY

NOTE 9 - EQUITY

NOTE 9 - EQUITY

Reverse Stock Split

On October 9, 2020 and pursuant to FINRA approval, the Company changed its name to Maptelligent, Inc., obtained a new ticker symbol “MAPT,” and effected a 4,000-to-1 reverse stock split. All share information in these financial statements retroactively reflect this reverse stock split.

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

Preferred C Stock

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

During the year ended December 31, 2020, the Company issued 16 shares to our officers and directors, valued at $0.00001 per share, for services.

Common Stock

During the year ended December 31, 2021, the Company issued 222,584,266 common shares as follows:

• 72,372,320 shares of common stock for conversion of debt of $6,216,719.

• 1,281,787 shares of common stock for settlement of debt of $1,873,740.

• 500,000 shares of common stock for stock payable of $6,050.

• 127,943,425 shares of common stock for cash of $1,273,000.

• 14,836,734 shares of common stock to related parties for compensation valued at $184,683.

• 5,650,000 shares of common stock for consulting service valued at $62,450.

During the year ended December 31, 2020, the Company issued 22,832,780 common shares as follows:

· 4,835,420 shares of commons stock for $716,242, consisting of cash of $467,900 and a promissory note receivable from a former officer of the Company for $248,342.

· 15,075,000 shares of common stock for employee and directors’ compensation of $960,000.

· 2,921,472 shares of common stock for conversion of debt of $2,400,969.

· 888 shares of common stock for reverse split adjustment for fractional shares.

Stock payable

As of December 31, 2021, the Company recorded stock payable of $24,500 which is 2,400,000 shares to be issued.