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Note 3 - Stockholders' Deficit
3 Months Ended
Mar. 31, 2021
Notes to Financial Statements  
Stockholders' Equity Note Disclosure [Text Block]
3.
   
Stockholders
'
Deficit
 
The Company has authorized
10,000,000
shares of preferred stock at
$0.001
par value,
5,000,000
of which are designated as “Series A Convertible Preferred Stock” at
$0.001
par value and
100,000,000
authorized shares of common stock at
$0.001
par value (“Common Stock”).
 
Shares of Series A Convertible Preferred Stock do
not
accumulate dividends, have
no
liquidation preferences and are convertible into shares of Common Stock on a
one
-for-
one
basis. Additionally, each share entitles the holder to
100
votes and, with respect to dividend and liquidation rights, the shares rank pari passu with the Company's Common Stock. All shares are held by Gust C. Kepler, Director, Chief Executive Officer, President and Chief Financial Officer (“Mr. Kepler”).
 
During the quarter ended
March 31, 2021
the Company exchanged a liability of
$180,000
for the purchase of a Simple Agreement for Future Tokens into
92,308
shares of Common Stock at
$1.95
per share.
 
During the quarter ended
March 31, 2021
the Company sold
70,772
shares of Common Stock to
third
parties for
$138,006
and issued
6,411
shares of Common Stock previously subscribed for
$12,500.