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COMMON STOCK AND COMMON STOCK WARRANTS
3 Months Ended
Mar. 31, 2022
COMMON STOCK AND COMMON STOCK WARRANTS  
COMMON STOCK AND COMMON STOCK WARRANTS

NOTE 4 - COMMON STOCK AND COMMON STOCK WARRANTS

 

Common Stock

 

The Company has authorized a total of 400,000,000 Shares of Common Stock par value $0.0001 as of the December 31, 2017 audit for Elite Beverage International. However, Elite Performance Holding Corp. is now the successor company and as of December 31, 2019 now reflects 465,000,000 (Four Hundred Sixty-Five Million) shares authorized par value $0.0001.

 

Shares Registered in the S-1 Registration Statement

 

As of March 31, 2022, the company has raised $1,250,000 (25,000,000 shares issued and 0 of shares to be issued) through a registered offering for $1,250,000 which was registered with the SEC through an S1 registration statement which went effective on April 23, 2019.

 

Restricted Shares issued

 

On January 1, 2021, the Company entered into a royalty free trademark licensing agreement between Elite Beverage International Corp. and its subsidiary BYLT Performance LLC in consideration for 5,000,000 (valued par at $.0001 per share) shares in the amount of $500 which were issued April 29, 2021.

 

On January 21, 2021 we issued 4,176,000 common subscription shares to accredited investors in the amount of $208,800.

 

In 2021, we issued 3,287,000 shares of our common stock for services (consulting and advertising) valued at $160,547.

 

On October 1, 2021, we issued 60,000 shares of our common stock for a commitment fee valued at $3,000.

 

On October 1, 2021, we issued 400,000 shares of our common stock for patent acquisition valued at $20,000. For the year ended December 31, 2021, an impairment loss of $20,000 was recognized on this patent acquisition and recorded to other income (expense).

 

In November of 2021 we issued 1,110,000 shares of our common stock for our Reg D offering valued at $111,000 at a per share price of $.10.

 

In the three months ended March 31, 2022 we issued 5,000,000 common subscription shares to accredited investors for subscription agreements in the amount of $500,000.

 

In the three months ended March 31, 2022 we issued 3,390,000 shares for services in the amount of $339,001 valued at $0.10 per share.

Common Stock Warrants

 

None.