NOTE 11 - SHAREHOLDERS' EQUITY	12 Months Ended
Dec. 31, 2019
Notes
NOTE 11 - SHAREHOLDERS' EQUITY	NOTE 11 – SHAREHOLDERS’ EQUITY The Company’s authorized capital consists of 100,000,000 shares of common stock with a par value of $0.001 per share as of December 31, 2019 and 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. During the year ended December 31, 2019, the Company issued 2,985,941 shares of common stock as follows; `·`661,216 shares in conjunction with convertible notes. `·`811,490 shares for cashless exercised warrant `·`1,169,723 shares for conversion of debt of $33,750 (see Note 9) `·`343,512 shares for acquisition of SwissLink During the year ended December 31, 2018, the Company issued 95,051 shares 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, 2019 and 2018, 18,008,591 and 15,022,650 shares of common stock were issued and outstanding, respectively.

NOTE 11 - SHAREHOLDERS' EQUITY

12 Months Ended

Dec. 31, 2019

NOTE 11 – SHAREHOLDERS’ EQUITY

The Company’s authorized capital consists of 100,000,000 shares of common stock with a par value of $0.001 per share as of December 31, 2019 and 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.

During the year ended December 31, 2019, the Company issued 2,985,941 shares of common stock as follows;

·661,216 shares in conjunction with convertible notes.

·811,490 shares for cashless exercised warrant

·1,169,723 shares for conversion of debt of $33,750 (see Note 9)

·343,512 shares for acquisition of SwissLink

During the year ended December 31, 2018, the Company issued 95,051 shares 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, 2019 and 2018, 18,008,591 and 15,022,650 shares of common stock were issued and outstanding, respectively.