v3.25.2
Commitments and Contingencies
3 Months Ended
Mar. 31, 2025
Commitments and Contingencies [Abstract]  
COMMITMENTS AND CONTINGENCIES

NOTE 12 – COMMITMENTS AND CONTINGENCIES

 

From time to time, the Company may become subject to threatened and/or asserted claims arising in the ordinary course of business. Management is not aware of any matters, either individually or in the aggregate, that are reasonably likely to have a material adverse effect on the Company’s financial condition, results of operations or liquidity.

 

On March 6, 2025, the Company entered into a settlement liquidated damages of $500,000 to be paid in common stock of the Company with an investor in conjunction with default of issuance common stock on time related to warrants. The Company recognized $500,000 as liquidated damages payable to an investor. For the three months ended March 31, 2025, the Company issued 78,855,000 shares of common stock valued at $133,297 for partial settlement liabilities of $500,000 and recognized loss on settlement debt of $44,727.

 

On March 20, 2025, the Company entered into a settlement liquidated damages of $210,375 to be paid by issuance of 140,000,000 shares of common stock with an investor in conjunction with default of issuance common stock on time related to 3,400 Series C of warrants. The Company recognized $210,375 as liquidated damages payable to an investor. For the three months ended March 31, 2025, the Company issued 23,000,000 shares of common stock valued at $34,500 for partial settlement liabilities of $210,375 and recognized gain on settlement of debt of $62.

 

As of March 31, 2025, the Company recorded liquidated damages payable of $587,243.