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STOCKHOLDERS’ EQUITY (DEFICIT)
6 Months Ended
Jun. 30, 2025
STOCKHOLDERS' DEFICIT:  
STOCKHOLDERS’ EQUITY (DEFICIT)

NOTE 13 – STOCKHOLDERS’ EQUITY (DEFICIT)

 

Preferred Stock

 

In accordance with the Company’s bylaws, the Company has authorized a total of 2,000,000 shares of preferred stock, par value $0.01 per share, for all classes. As of June 30, 2025 and December 2024 respectively, there were 88,335 and 88,335 total preferred shares issued and outstanding for all classes.

 

Common Stock

 

In accordance with the Company’s bylaws, the Company has authorized a total of 20,000,000,000 shares of common stock, par value $0.0001 per share. As of June 30 30, 2025 and December 2024, there were 14,666,648,287 and 10,551,957,534 common shares issued, respectively.

 

2024 Transactions

 

On November 6, 2024 the Company entered into an Amendment to the 2023 Equity Financing Agreement with GHS, to which GHS agreed to Purchase $30,000,000 in shares of our Common Stock over the course of 12 months at 92% of the current market price.

 

The below table of puts from January 1, 2025 to June 20, 2025 were made by the Company under the 2024 EFA during 2025:

                  
Date of Put  Number of Common Shares Issued   Total Proceeds, Net of Discounts   Effective Price per Share  Net Proceeds 
1/3/2025   36,640,675   $23,450   $0.000640  $20,783 
1/13/2025   51,215,454    32,778   $0.000640   29,458 
1/22/2025   79,061,625    50,619   $0.000640   46,050 
1/30/2025   139,008,500    55,603   $0.000400   50,686 
2/7/2025   124,797,875    49,786   $0.000399   45,276 
2/18/2025   131,445,657    42,063   $0.000320   38,093 
2/27/2025   142,074,500    34,098   $0.000240   30,686 
3/10/2025   132,699,709    31,848   $0.000240   28,594 
3/18/2025   224,563,917    53,895   $0.000240   40,098 
3/27/2025   203,844,344    65,230   $0.000320   59,639 
4/4/2025   130,615,157    41,797   $0.000320   37,846 
4/14/2025   179,014,375    42,963   $0.000240   38,931 
4/23/2025   181,334,313    58,027   $0.000320   52,940 
5/1/2025   188,180,386    46,844   $0.000249   42,540 
5/9/2025   225,384,480    43,274   $0.000192   39,220 
5/30/2025   225,516,618    36,083   $0.000160   32,532 
6/10/2025   226,091,500    54,262   $0.000240   49,439 
6/20/2025   186,437,750    44,025   $0.000236   36,912 
                   
Total   2,998,024,750   $837,044      $746,970 

 

The RRA provides that we shall (i) use our best efforts to file with the SEC a Registration Statement within 45 days of the date of the GHS Registration Rights Agreement; and (ii) have the Registration Statement declared effective by the SEC within 30 days after the date the GHS Registration Statement is filed with the SEC, but in no event more than 90 days after the GHS Registration Statement is filed.

 

Stock Options

 

As of June 30, 2025 and 2024, the Company had no outstanding stock options.