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CAPITAL STOCK
12 Months Ended
Dec. 31, 2019
Stockholders' Equity Note [Abstract]  
CAPITAL STOCK

NOTE 7 CAPITAL STOCK


Preferred Stock – There are 1,000,000 shares of preferred stock with a par value of $0.001 per share authorized.  At December 31, 2019 and 2018, there were no shares of preferred stock issued or outstanding.


Common Stock – There are 200,000,000 shares of common stock with a par value of $0.001 per share authorized. During the year ended December 31, 2019, there were 6,850,000 shares of common stock issued.  During the year ended December 31, 2018, there were no shares of common stock issued.  

 

On May 27, 2019, the Board of Directors approved the conversion of two convertible notes.  Note 1 was a note to Empire Fund Managers for $150,000 plus $68,300 in accrued interest. This note was converted for a total of 3,650,000 shares of restricted stock.  Note 2 was a note to Compass Equity Partners for $150,000 and $42,274 in accrued interest. This note was converted for a total of 3,200,000 shares of restricted stock.   The Company recorded a gain on extinguishment of $90,352 on this transaction.