Note 5 - Common Stock

3 Months Ended

Mar. 31, 2021

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

$0.001

par value preferred stock and

65,000,000

shares of

$0.001

par value common stock.

The Company compensates each of its directors with

4,000

shares of common stock each month. During the quarter ended

March 31, 2021

and

2020,

the Company issued

48,000

shares of common stock valued at

$48,000

.

During the

three

months ended

March 31, 2021,

the Company issued

90,000

shares of common stock with a fair value of

$90,000

to settle accounts payable of

$210,250.

The Company recognized a gain of

$120,250

on settlement of accounts payable.

The Board of Directors authorized the Company to sell

1,750,000

shares of common stock at

$1.00

per share to raise working capital. During the quarter ended

March 31, 2021,

the Company sold

no

shares of the common stock. During the quarter ended

March 31, 2020,

the Company sold

18,000

shares of the common stock for total proceeds of

$18,000.