Note 5 - Common Stock

6 Months Ended

Jun. 30, 2020

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

$0.0001

par 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 the

six

months ended

June 30, 2020

and

2019,

the Company sold

70,000

and

194,000

shares of common stock for total proceeds of

$70,000

and

$194,000,

respectively.

The Company compensates each of its directors with

4,000

shares of common stock each month. During each of the

six

months ended

June 30, 2020

and

2019,

the Company issued

96,000

shares of common stock valued at

$

96,000

.

During the

six

months ended

June 30, 2019,

the Company issued

160,000

shares of common stock with a fair value of

$160,000

for consulting services.