XML 23 R12.htm IDEA: XBRL DOCUMENT v3.23.2
COMMON STOCK AND COMMON STOCK WARRANTS
9 Months Ended
Sep. 30, 2022
COMMON STOCK AND COMMON STOCK WARRANTS  
COMMON STOCK AND COMMON STOCK WARRANTS

NOTE 6 - COMMON STOCK AND COMMON STOCK WARRANTS

 

Common Stock

 

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

 

Shares Registered in the S-1 Registration Statement

 

As of September 30, 2022, the Company has raised $1,250,000 (25,000,000 shares 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 $0.10.

 

In the nine months ended September 30, 2022, we issued 14,010,000 common subscription shares to accredited investors for subscription agreements in the amount of $1,401,000.

 

In the nine months ended September 30, 2022, we issued 6,060,000 shares for services in the amount of $606,000 valued at $0.10 per share. In the nine months ended September 30, 2022, $53,500 or 535,000 shares to be issued for services.

 

In the nine months ended September 30, 2022, we recognized $140,000 in shares issued and to be issued for settlement of accounts payable valued at $0.10 per share for a total of 1,400,000 shares.

 

In the nine months ended September 30, 2022, we issued 20,000 shares in connection with a convertible note in the amount of $2,000 valued at $0.10 per share.

 

Common Stock Warrants

 

None.