Note 5 - Common Stock

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

NOTE

5

– COMMON STOCK

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.

The Board of Directors authorized the Company to sell

750,000

shares of common stock at

$1.00

per share to raise working capital. During

2019,

the Company sold

228,000

shares of the common stock for total proceeds of

$228,000.

The Company compensates its each directors with

4,000

shares of common stock each month. During

2019

and

2018,

the Company issued

192,000

and

176,000

shares of common stock valued at

$192,000

and

$886,200,

respectively, as board of director compensation.

The Company pays its CFO a yearly bonus of

25,000

shares of common stock. During

2019

and

2018,

the Company issued

25,000

shares of common stock to the CFO with fair values of

$25,000

and

$162,500,

respectively.

In

2019,

the Company entered into an agreement with a consultant for corporate finance representation. The consultant received

100,000

shares of common stock valued at

$100,000

for payment.

In

2019,

the Company entered into an agreement with a consultant to facilitate growth strategies for the Company. The consultant received

60,000

shares of common stock valued at

$60,000

for payment.