EQUITY

6 Months Ended

Jun. 30, 2023

EQUITY

EQUITY

NOTE 10 - 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 times 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, 2023 and December 31, 2022, 98,796 shares of the Company’s Preferred A Stock were issued and outstanding.

Preferred C Stock

As of June 30, 2023 and December 31, 2022, 20 shares of the Company’s Preferred C Stock were issued and outstanding.

Common Stock

During the six months ended June 30, 2023, the Company issued 229,818,269 common shares for conversion of debt of $55,901.

During the six months ended June 30, 2022, the Company issued 168,139,994 common shares as follows:

· 163,364,994 shares of common stock for conversion of debt of $206,901.

· 4,550,000 shares of common stock for stock payable of $32,750.

· 225,000 shares of common stock for payment of accounts payable of $1,800.