XML 13 R11.htm IDEA: XBRL DOCUMENT v3.19.3
NOTE 5 - EQUITY
9 Months Ended
Sep. 30, 2019
Notes  
NOTE 5 - EQUITY

NOTE 5 – EQUITY

 

The Company is authorized to issue up to 10,000,000 shares of $0.0001 par value preferred stock and 65,000,000 shares of $0.0001par value common stock.

 

For the nine months ended September 30, 2019, 133,000 shares with a fair value of $536,701 were issued for stock compensation for directors and the CEO.

 

During the nine months ended September 30, 2019, the Company issued 60,000 shares of common stock with a fair value of $60,000 for consulting services.

 

During the nine months ending September 30, 2019, the Company sold 213,000 shares of common stock for $1.00 per share in a private placement. These shares have not yet been issued. The shares are considered issued and outstanding as of September 30, 2019 as the issuance of the shares is considered an administrative act.

 

On April 2, 2019 the Company entered into a six-month Corporate Finance Representation Agreement with Rebus Capital Group, LLC as the Company’s corporate finance advisor. Rebus was issued 100,000 shares of common stock for services valued at $1 per share or $100,000.