|6 Months Ended|
Jun. 30, 2022
|Subsequent Events [Abstract]|
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 shares Series A Preferred Stock was converted into shares of Common Stock at the request of certain Series A Preferred Stockholders.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef