Quarterly report pursuant to Section 13 or 15(d)

SUBSEQUENT EVENTS

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SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2022
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

Note 9 - Subsequent Events

 

On August 9, 2022, the Company entered into a securities purchase agreement for a total of $65,000 with two accredited investors. The notes issued are convertible into common stock at a 35% discount to the lowest trading price in the 20-day period prior to conversion. The notes bear interest at 10% and are due one year from issuance. For the first six (6) months, the Company has the right to prepay the notes at a premium of between 25% and 35% depending on when it is repaid.

 

As of August 10, 2022, an additional 37,514,299 shares Series A Preferred Stock was converted into 37,514 shares of Common Stock at the request of certain Series A Preferred Stockholders.