v3.26.1
SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2026
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 15 – SUBSEQUENT EVENTS

 

Common Stock Issued for Conversions

 

On July 7, 2026, the Holder of the promissory note dated February 9, 2021, converted $13,320 of principal into 250,000 shares of common stock at a conversion price of $0.05328.

 

On July 8, 2026, the Holder of the promissory note dated February 9, 2021, converted $14,386 of principal into 270,000 shares of common stock at a conversion price of $0.05328.

 

 

On July 9, 2026, the Holder of the promissory note dated August 24, 2020, converted $17,157 of accrued interest and fees into 283,500 shares of common stock at a conversion price of $0.06052.

 

On July 9, 2026, the Holder of the promissory note dated February 9, 2021, converted $14,918 of principal into 280,000 shares of common stock at a conversion price of $0.05328.

 

On July13, 2026, the Holder of the promissory note dated February 9, 2021, converted $17,849 of principal into 335,000 shares of common stock at a conversion price of $0.05328.

 

On July 16, 2026, the Holder of the promissory note dated August 24, 2020, converted $13,293 of accrued interest and fees into 340,500 shares of common stock at a conversion price of $0.03904.

 

On July 27, 2026, the Holder of the promissory note dated January 22, 2026, converted $12,000 of principal into 307,180 shares of common stock at a conversion price of $0.03907.

 

On July 28, 2026, the Holder of the promissory note dated January 22, 2026, converted $12,000 of principal into 302,648 shares of common stock at a conversion price of $0.03965.

 

On July 29, 2026, the Holder of the promissory note dated January 22, 2026, converted $11,500 of principal into 372,470 shares of common stock at a conversion price of $0.03087.

 

On July 29, 2026, the Holder of the promissory note dated February 9, 2021, converted $10,441 of principal into 385,000 shares of common stock at a conversion price of $0.02712.

 

On August 10, 2026, the Holder of the promissory note dated January 22, 2026, converted $7,231 of principal into 444,985 shares of common stock at a conversion price of $0.01625.

 

On August 10, 2026, the Holder of the promissory note dated January 22, 2026, converted $7,200 of principal into 443,076 shares of common stock at a conversion price of $0.01625.

 

On August 13, 2026, the Holder of the promissory note dated January 22, 2026, converted $8,313 of principal into 511,569 shares of common stock at a conversion price of $0.01625.

 

On August 13, 2026, the Holder of the promissory note dated January 22, 2026, converted $8,300 of principal into 510,769 shares of common stock at a conversion price of $0.01625.

 

On August 14, 2026, the Holder of the promissory note dated February 9, 2021, converted $8,986 of principal into 520,000 shares of common stock at a conversion price of $0.01728.

 

Sales of common stock

 

On July 6, 2026, the Company sold GHS 250,147 shares of common stock for proceeds of $15,611 net of accrued interest repayment of $2,500 and offering costs.

 

On July 21, 2026, the Company sold GHS 358,880 shares of common stock for proceeds of $18,509 net of accrued interest repayment of $2,500 and offering costs.

 

On August 11, 2026, the Company sold GHS 445,000 shares of common stock for proceeds of $6,048 net of accrued interest repayment of $2,500 and offering costs.

 

Convertible Promissory Note Issuance

 

On July 1, 2026, the Company entered into a 10%, $27,500 face value convertible promissory note with a third-party due July 1, 2027. The conversion price shall be equal to 65%, multiplied by the lowest trading price for the Common Stock during the twenty (20) trading days prior to the conversion date. The Company received proceeds of $21,000 on July 2, 2026, after the holder deducted an original issue discount of $2,500 and the Company reimbursed the investor for expenses for legal fees and due diligence of $4,000. Pursuant to ASC 815, the Company determined that the conversion feature is embedded in the debt host and will account for the conversion feature as a derivative liability.

 

On July 1, 2026, the Company entered into a 10%, $27,500 face value convertible promissory note with a third-party due July 1, 2027. The conversion price shall be equal to 65%, multiplied by the lowest trading price for the Common Stock during the twenty (20) trading days prior to the conversion date. The Company received proceeds of $22,500 on July 2, 2026, after the holder deducted an original issue discount of $2,500 and the Company reimbursed the investor for expenses for legal fees and due diligence of $2,500. Pursuant to ASC 815, the Company determined that the conversion feature is embedded in the debt host and will account for the conversion feature as a derivative liability.

 

The Company has evaluated subsequent events through the date the financial statements were issued. The Company has determined that there are no other such events that warrant disclosure or recognition in the financial statements, except as stated herein.