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SUBSEQUENT EVENTS | 6 Months Ended
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Jun. 30, 2023
Subsequent Events [Abstract] |
SUBSEQUENT EVENTS | NOTE 16 – SUBSEQUENT EVENTS The Company has evaluated other subsequent events through the date the consolidated financial statements were available to be issued and has concluded that no such events or transactions took place that would require disclosure and in this Note 16 other than as disclosed below. Results of the Company’s Annual Meeting and Amendment to the Company’s Articles of Incorporation On July 27, 2023, the Company held an annual meeting of stockholders (the “Meeting”). As of the record date for the Meeting, 169,968,874 shares of common stock were issued and outstanding1. A total of 79,507,015 shares of common stock, constituting a quorum, were present and accounted for at the Meeting. At the Meeting, the Company’s stockholders approved the below proposals (with the Series A Preferred Stock voting alongside the common stock (15,000 shares with 500,000 votes per share voting on proposal 3 in the same proportions as the shares of common stock were voted)): SCHEDULE OF VOTES CAST
VOTES CAST COMMON STOCK: |  | Proposal #1 |  |  | Proposal #2 |  |  | Proposal #3 |  |  | Proposal #4 |
Common Stock |  | Director Election |  |  | Auditor Ratification |  |  | Common Stock Increase |  |  | Advisory Say on Pay |
Yes |  |  | 24,503,546 |  |  |  | 71,483,564 |  |  |  | 56,331,569 |  |  |  | 22,719,406 |
Against (No) |  |  | — |  |  |  | 3,375,370 |  |  |  | 22,539,739 |  |  |  | 5,343,885 |
Abstain |  |  | 4,276,453 |  |  |  | 4,648,017 |  |  |  | 635,702 |  |  |  | 716,543 |
VOTES CAST SERIES A PREFERRED (CONVERTED BASIS): |  |  |  |  |  |  |  |  |  |  |  |
Common Stock |  |  | Proposal #1 |  |  |  | Proposal #2 |  |  |  | Proposal #3 |  |  |  | Proposal #4 |
Yes |  |  | N/A |  |  |  | N/A |  |  |  | 5,172,875,000 |  |  |  | N/A |
Against (No) |  |  | N/A |  |  |  | N/A |  |  |  | — |  |  |  | N/A |
Abstain |  |  | N/A |  |  |  | N/A |  |  |  | — |  |  |  | N/A |
Total # of Common shares as of June 16, 2023 |  |  | 169,968,874 |  |  |  |  |  |  |  |  |  |  |  |  |
Total # of Series A (converted basis into Common shares) as of June 16, 2023 |  |  | 5,351,250,000 |  |  |  |  |  |  |  |  |  |  |  |  |
Common shares voted through the meeting |  |  | 79,507,015 |  |  |  |  |  |  |  |  |  |  |  |  |
Preferred shares (converted basis) voted through the meeting on Proposal # 3 only |  |  | 5,172,875,000 |  |  |  |  |  |  |  |  |  |  |  |  |
TOTAL |  |  | 5,252,382,015 |  |  |  |  |  |  |  |  |  |  |  |  |
1. As no other matters were brought for a vote before the meeting, the votes on Proposal #5 of 14,846,275 shares in favor, 13,072,702 shares against, and 836,041 shares abstaining, have no impact.

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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 -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483399/855-10-50-2 + Details
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