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SUBSEQUENT EVENTS | 6 Months Ended
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Jun. 30, 2021
Subsequent Events [Abstract] |
SUBSEQUENT EVENTS | NOTE 14 – SUBSEQUENT EVENTS The Company evaluated all events and transactions that occurred after June 30, 2021 and through the date of this filing in accordance with FASB ASC 855, “Subsequent Events”. The Company determined that it does have a material subsequent events to disclose as follows: During the third quarter of 2021, SBI Investments converted $40,000 of interest and penalties of the outstanding convertible note into 751,506,833 shares of common stock. During the third quarter of 2021, Adar Alef converted $60,350 of principal and $22,820 of interest of the outstanding convertible note into 1,386,173,500 shares of common stock. As a subsequent event, Geneva Roth converted the remaining 106,000 series B preferred shares or $106,000 into 387,307,692 common shares. On July 9, 2021, the Company received $50,000 from Adar Alef, LLC (“Adar”) from a $55,125 convertible promissory note agreement including fees and legal expenses of $3,600. The note is convertible after 181 days at a (i) $0.0075 ceiling or (ii) 60% of the lowest trading price over the past twenty trading days prior to the conversion date. On July 12, 2021, the Company received $50,000 from Adar Alef, LLC (“Adar”) from a $55,125 convertible promissory note agreement including fees and legal expenses of $3,600. The note is convertible after 181 days at a (i) $0.0075 ceiling or (ii) 60% of the lowest trading price over the past twenty trading days prior to the conversion date. On August 2, 2021, the Company received $60,000 from Adar Alef, LLC (“Adar”) from a $66,150 convertible promissory note agreement including fees and legal expenses of $6,150. The note is convertible after 181 days at a (i) $0.0075 ceiling or (ii) 60% of the lowest trading price over the past twenty trading days prior to the conversion date. Subsequent to the period ended June 30th 2021, the Company entered into an agreement with very accomplished developers located in South Africa. These same developers were instrumental in designing the software that is operating today on all debit and credit card smart chips worldwide. These developers will complete our Social Shopping App platform which processes payments securely to our merchants such that our users will never have their personal payment data “at risk” online. The total cost will not exceed $650,000 including cash and stock, and it is estimated that the App may be released before the end of 2021. As of this filing $50,000 have already been made under our installment arrangement. As a subsequent event, Company consummated a License Purchase with Tiltsa, Inc of Tiltsa’s cutting edge software. This software license, among other things, will allow us to access more than 300,000 merchants for our APP and will allow easy uploading of new merchants. We have made the full $19,000 Payment for the software and our app developers are already integrating this software into our platform.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662 + Details
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