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6. LICENSE AGREEMENTS (Details)
3 Months Ended
Mar. 31, 2022
Holly Niederkohr - Licensing Agreement  
Description of Licensing Agreement Compensation A royalty compensation of 40% of the gross receipts of the Licensed Products sold calculated on a monthly basis. Holly Niederkohr is also entitled to purchase 200,000 shares of restricted common stock of the Company, for a price of $1.00 per share.
Denise Richards - Licensing Agreement  
Description of Licensing Agreement Compensation A royalty compensation of 20% of the gross receipts of the Licensed Products sold calculated on a monthly basis. The minimum annual guarantee of compensation will be $50,000. Upon execution of this agreement, the Company paid an advance amount of $5,000. An additional $5,000 shall be paid upon approval by Richards and the Company of the menu.
Description of Licensing Agreement Compensation, Cont. Additionally, Denise Richards is entitled to purchase 500,000 shares of restricted common stock of the Company, for a price of $1.00 per share.
Description of Licensing Agreement Compensation, Cont. 2 Denise Richards is also entitled to an additional cash payment of $50,000 upon the closing of any equity financing for the Company in excess of $2,000,000.
Description of Licensing Agreement Compensation, Cont. 3 In the event that the control of the Company is sold to a third party or the Company commences trading on the New York or Nasdaq Stock Exchange, Richards is entitled to receive an additional $250,000 at closing or on the first day of trading.
Carmen Electra - Licensing Agreement  
Description of Licensing Agreement Compensation A royalty compensation of 20% of the gross receipts of the Licensed Products sold calculated on a monthly basis. The minimum annual guarantee of compensation will be $50,000. Upon execution of this agreement, the Company paid an advance amount of $5,000. An additional $5,000 shall be paid upon approval by Electra and the Company of the menu.
Description of Licensing Agreement Compensation, Cont. Carmen Electra is entitled to purchase 200,000 shares of restricted common stock of the Company, for a price of $1.00 per share.