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STOCKHOLDER’S EQUITY
 12 Months Ended
Dec. 31, 2022
Equity [Abstract]  
STOCKHOLDER’S EQUITY

NOTE 10- STOCKHOLDER’S EQUITY

 

COMMON STOCK

 

The Company is authorized to issue 5,000,000,000 shares of common stock and 1,500,000,000 of preferred stock.

 

Effective July 21, 2021, the Company effected a 1,000 for 1 reverse split of its common shares.

 

During the year ended December 31, 2022, the Company issued 689,470 shares of its common stock to its chief executive officer for the conversion of $406,787 of related party notes payable.

 

During the year ended December 31, 2021, the Company issued 784,570 shares of its common stock to its chief executive officer for the conversion of $230,500 of related party notes payable and $4,870 accrued interest payable.

 

During the year ended December 31, 2021, the Company issued 400,000 shares of its common stock to its chief executive officer for the conversion of 400,000 shares of Series A convertible Preferred Stock.

 

WARRANTS

 

The following table is a summary of the activity for warrants for the year ended December 31, 2022:

 

 SUMMARY OF ACTIVITY FOR WARRANTS

    preferred stock warrants     common stock warrants  
Balance at 12/31/20     100,000       10,000  
                 
Warrants added     -       -  
                 
Warrants voided through court decision (Note 8)     (100,000 )     (10,000 )
                 
Warrants exercised     -       -  
                 
Balance at 12/31/21     -       -  
                 
Warrants added     -       -  
                 
Warrants exercised     -       -  
                 
Balance at 12/31/22     -       -