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SUBSEQUENT EVENTS
3 Months Ended
Mar. 31, 2022
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 13 – SUBSEQUENT EVENTS

 

On May 4, 2022, the Company issued 2,367,564 shares of common stock issued to Ares Capital, Inc. for $42,000 in principal and $2,000 in interest at a conversion rate of $0.0186 per share related to a promissory notes dated August 12, and September 9, 2021.

 

The Company entered into a consulting agreement with a third party vendor requiring the Company to issue 5,000,000 registered common shares on Form S-8, which have been accrued as of the date of this filing, but not issued. The value of the shares is $0.0396 per share as at May 5, 2022.

 

On May 10, 2022, the Company entered into a convertible promissory note in the principal amount of $75,000, with 10% interest per annum, with a maturity date of August 10, 2022. The note has a $25,000 original issuance discount.