| SCHEDULE OF STOCKHOLDERS EQUITY |
The
Series A and Series C preferred stock has been accounted for in accordance with FASB Accounting Standards Codification (ASC) 480, as
mezzanine equity due to Series A having a redemption provision by the holder and Series C being convertible into a variable number of
common shares.
SCHEDULE
OF STOCKHOLDERS EQUITY
| | |
No. Shares | | |
Par | | |
No. Shares | | |
Par | | |
No. Shares | | |
Par | | |
No. Shares | | |
Par | |
| | |
Series A | | |
Series B | | |
Series C | | |
Total | |
| | |
No. Shares | | |
Par | | |
No. Shares | | |
Par | | |
No. Shares | | |
Par | | |
No. Shares | | |
Par | |
| January 1, 2021 | |
| 134,109,750 | | |
$ | 13,411 | | |
| 293,000 | | |
$ | 29 | | |
| 30,000,000 | | |
$ | 3,000 | | |
| 164,402,750 | | |
$ | 16,440 | |
| Conversion to common shares | |
| (134,109,750 | ) | |
| (13,411 | ) | |
| (212,000 | ) | |
| (21 | ) | |
| - | | |
| - | | |
| (134,321,750 | ) | |
| (13,432 | ) |
| December 31, 2021 | |
| - | | |
| - | | |
| 81,000 | | |
| 8 | | |
| 30,000,000 | | |
$ | 3,000 | | |
| 30,081,000 | | |
| 3,008 | |
| Beginning balance, value | |
| - | | |
| - | | |
| 81,000 | | |
| 8 | | |
| 30,000,000 | | |
$ | 3,000 | | |
| 30,081,000 | | |
| 3,008 | |
| no transactions | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
| June 30, 2022 | |
| - | | |
$ | - | | |
| 81,000 | | |
$ | 8 | | |
| 30,000,000 | | |
$ | 3,000 | | |
| 30,081,000 | | |
$ | 3,008 | |
| Ending balance, value | |
| - | | |
$ | - | | |
| 81,000 | | |
$ | 8 | | |
| 30,000,000 | | |
$ | 3,000 | | |
| 30,081,000 | | |
$ | 3,008 | |
|
The
Company accounts for the Series A and Series C preferred stock in accordance with FASB Accounting Standards Codification (ASC) 480, as
mezzanine equity due to Series A having a redemption provision and Series C being convertible into a variable number of common shares.
SCHEDULE
OF STOCKHOLDERS EQUITY
| | |
No. Shares | | |
Par | | |
No. Shares | | |
Par | | |
No. Shares | | |
Par | | |
No. Shares | | |
Par | |
| | |
Series A | | |
Series B | | |
Series C | | |
Total | |
| | |
No. Shares | | |
Par | | |
No. Shares | | |
Par | | |
No. Shares | | |
Par | | |
No. Shares | | |
Par | |
| January 1, 2020 | |
| 34,109,750 | | |
$ | 3,411 | | |
| 293,000 | | |
$ | 29 | | |
| - | | |
$ | - | | |
| 34,402,750 | | |
$ | 3,440 | |
| Issuance of shares for services | |
| 100,000,000 | | |
| 10,000 | | |
| - | | |
| - | | |
| 30,000,000 | | |
| 3,000 | | |
| 130,000,000 | | |
| 13,000 | |
| December 31, 2020 | |
| 134,109,750 | | |
| 13,411 | | |
| 293,000 | | |
| 29 | | |
| 30,000,000 | | |
| 3,000 | | |
| 164,402,750 | | |
| 16,440 | |
| Beginning Balance | |
| 134,109,750 | | |
| 13,411 | | |
| 293,000 | | |
| 29 | | |
| 30,000,000 | | |
| 3,000 | | |
| 164,402,750 | | |
| 16,440 | |
| Conversion to common shares | |
| (134,109,750 | ) | |
| (13,411 | ) | |
| (212,000 | ) | |
| (21 | ) | |
| - | | |
| - | | |
| (134,321,750 | ) | |
| (13,432 | ) |
| no transactions | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| no transactions, shares | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| December 31, 2021 | |
| - | | |
$ | - | | |
| 81,000 | | |
$ | 8 | | |
| 30,000,000 | | |
$ | 3,000 | | |
| 30,081,000 | | |
$ | 3,008 | |
| Ending Balance | |
| - | | |
$ | - | | |
| 81,000 | | |
$ | 8 | | |
| 30,000,000 | | |
$ | 3,000 | | |
| 30,081,000 | | |
$ | 3,008 | |
|