SETTLEMENT AGREEMENT (Details Narrative) - USD ($) |
Sep. 01, 2022 |
Feb. 28, 2022 |
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Preferred stock to be canceled | 10,000 | |
Loss due to extinguishment and cancellation of preferred stock | $ 10 | |
Severance costs | 50,000 | |
Loss on severance payments | $ 18,076 | |
Stock repurchased during the period, shares | 500,000 | |
Stock repurchased during the period | $ 50,000 | |
Settlement liability | $ 490,000 | |
Common Stock Redemption Agreement [Member] | ||
Stock Redeemed or Called During Period, Value | $ 163,333 | |
Employee [Member] | ||
Stock redeemed or called during period, shares | 5,400,000 | |
Share price | $ 0.10 | |
Stock Redeemed or Called During Period, Value | $ 540,000 |
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- Definition Gain loss on severance payments. No definition available.
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- Definition Aggregate carrying amount of the estimated litigation liability for known or estimated probable loss from litigation, which may include attorneys' fees and other litigation costs. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of expenses for special or contractual termination benefits provided to current employees involuntarily terminated under a benefit arrangement associated exit or disposal activities pursuant to an authorized plan. Excludes expenses related to one-time termination benefits, a discontinued operation or an asset retirement obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Price of a single share of a number of saleable stocks of a company. No definition available.
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- Definition Number of shares (or other type of equity) forfeited during the period. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Value of forfeited shares issued under share-based payment arrangement. Excludes employee stock ownership plan (ESOP). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Number of stock bought back by the entity at the exercise price or redemption price. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Equity impact of the value of stock bought back by the entity at the exercise price or redemption price. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Number of shares that have been repurchased during the period and have not been retired and are not held in treasury. Some state laws may govern the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Equity impact of the value of stock that has been repurchased during the period and has not been retired and is not held in treasury. Some state laws may mandate the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Details
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- Details
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