NOTE 10 - SHAREHOLDERS' EQUITY	12 Months Ended
Dec. 31, 2018
Notes
NOTE 10 - SHAREHOLDERS' EQUITY	NOTE 10 – SHAREHOLDERS’ EQUITY The Company’s authorized capital consists of 2,000,000,000 shares of common stock with a par value of $0.001 per share and 8,500,000 shares of preferred stock with a par value of $0.0001 per share as of December 31, 2018. On August 7, 2018, our board of directors and a majority of our shareholders approved an amendment to our Articles of Incorporation for the purpose of decreasing our authorized common stock to 100,000,000 shares, par value $0.001 per share, and cancelling our authorized preferred stock. Common Stock On June 25, 2018, pursuant to the Membership Interest Purchase Agreement (see Note 1), the Company issued 13,751,875 shares of common stock to the members of Etelix.com USA LLC in exchange for the Etelix.com USA LLC membership interest. As a result of the reverse acquisition accounting, these shares issued to the former members of Etelix.com USA LLC are treated as being outstanding from the date of issuance of the Etelix.com USA LLC membership. The 13,751,875 shares of common stock consisted of the following; · 11,085,965 shares of common stock were outstanding as of December 31, 2016 (Etelix.com USA LLC) · During the period ended June 25, 2018 and the year ended December 31, 2017, the Company issued 2,665,910 and 0 shares of common stock for $134,800 and $0, respectively. During the year ended December 31, 2018, the Company issued as follows, · 75,000 shares valued at $150,000 for the legal services related to the acquisition of Etelix USA LLC. · 20,051 shares valued at $37,500 for the consulting services. As of December 31, 2018 and 2017, 15,022,650 and 11,085,965 shares of common stock were issued and outstanding, respectively.

NOTE 10 - SHAREHOLDERS' EQUITY

12 Months Ended

Dec. 31, 2018

NOTE 10 – SHAREHOLDERS’ EQUITY

The Company’s authorized capital consists of 2,000,000,000 shares of common stock with a par value of $0.001 per share and 8,500,000 shares of preferred stock with a par value of $0.0001 per share as of December 31, 2018.

On August 7, 2018, our board of directors and a majority of our shareholders approved an amendment to our Articles of Incorporation for the purpose of decreasing our authorized common stock to 100,000,000 shares, par value $0.001 per share, and cancelling our authorized preferred stock.

Common Stock

On June 25, 2018, pursuant to the Membership Interest Purchase Agreement (see Note 1), the Company issued 13,751,875 shares of common stock to the members of Etelix.com USA LLC in exchange for the Etelix.com USA LLC membership interest. As a result of the reverse acquisition accounting, these shares issued to the former members of Etelix.com USA LLC are treated as being outstanding from the date of issuance of the Etelix.com USA LLC membership.

The 13,751,875 shares of common stock consisted of the following;

· 11,085,965 shares of common stock were outstanding as of December 31, 2016 (Etelix.com USA LLC)

· During the period ended June 25, 2018 and the year ended December 31, 2017, the Company issued 2,665,910 and 0 shares of common stock for $134,800 and $0, respectively.

During the year ended December 31, 2018, the Company issued as follows,

· 75,000 shares valued at $150,000 for the legal services related to the acquisition of Etelix USA LLC.

· 20,051 shares valued at $37,500 for the consulting services.

As of December 31, 2018 and 2017, 15,022,650 and 11,085,965 shares of common stock were issued and outstanding, respectively.