NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (RESTATED): Restatement of Previously Issued Financial Statements: Schedule of Error Corrections and Prior Period Adjustments (Tables)

12 Months Ended

Dec. 31, 2021

Tables/Schedules

Schedule of Error Corrections and Prior Period Adjustments

	As Reported		Reclass		Adjustment		As Restated
Accounts payable	$	171,031	$	(50,000)	$	-	$	121,031
Accrued expenses – related party	$	-	$	50,000	$	288,000	$	338,000
Total current liabilities	$	306,370	$	-	$	288,000	$	594,370
Total liabilities	$	929,995	$	-	$	288,000	$	1,217,995
Additional paid-in capital	$	3,175,959	$	-	$	2,029,861	$	5,205,820
Accumulated deficit	$	(2,849,904)	$	-	$	(2,317,861)	$	(5,167,765)
Total stockholders’ equity	$	340,021	$	-	$	(288,000)	$	52,021

The following table sets forth the effects of the adjustments on affected items within the Company’s previously reported consolidated statements of operations for the year ended December 31, 2021, and includes an increase to general and administrative expense, total operating expenses, loss from operations and net loss of $2,317,861 and an increase  to basic and diluted net loss per share of $0.17.

	As Reported		Adjustment		As Restated
General and administrative	$	2,669,109	$	2,317,861	$	4,986,970
Total operating expenses	$	2,669,109	$	2,317,861	$	4,986,970
Loss from operations	$	(2,669,109)	$	(2,317,861)	$	(4,986,970)
Net loss before provision from income taxes	$	(2,820,730)	$	(2,317,861)	$	(5,138,591)
Net loss	$	(2,820,730)	$	(2,317,861)	$	(5,138,591)
Basic and diluted loss per share	$	(0.21)	$	(0.17)	$	(0.38)