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COMMON STOCK TRANSACTIONS
3 Months Ended
May 31, 2021
COMMON STOCK TRANSACTIONS  
COMMON STOCK TRANSACTIONS

NOTE 9 – COMMON STOCK TRANSACTIONS

On April 29, 2021, the Company issued 125,000 shares of common stock to World Equity Markets who acted in the capacity of a broker/dealer for the Purchase Agreements (Note 1). The shares were valued at $0.71, the closing stock price on the date of grant, for total non-cash expense of $88,750. The expense is being amortized over the six month term of the service agreement with World Equity Markets. As of May 31, 2021, the Company recognized $14,792 of the expense. In addition, as of May 31, 2021, the shares have not yet been issued by the transfer agent and have been credited to and disclosed as common stock to be issued.

On April 6, 2021, the Company issued 150,000 shares of common stock to Verde Capital, LLC for consulting services. The shares were valued at $0.15, the closing stock price on the date of grant, for total non-cash expense of $22,500. The expense is being amortized over the one year term of the service agreement with Verde Capital, LLC. As of May 31, 2021, the Company recognized $3,750 of the expense. In addition, as of May 31, 2021, the shares have not yet been issued by the transfer agent and have been credited to and disclosed as common stock to be issued.

During the three months ended May 31, 2021, the Company sold 925,000 shares of common stock for total cash proceeds of $92,500.  As of May 31, 2021, the shares have not yet been issued by the transfer agent and have been credited to and disclosed as common stock to be issued.

On May 18, 2021, the Company increased its authorized shares of Common Stock to 100,000,000 shares.

Refer to Note 6 for common stock issued to related parties.