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NOTE 11 - SHAREHOLDERS' EQUITY
 9 Months Ended
Sep. 30, 2020
Notes  
NOTE 11 - SHAREHOLDERS' EQUITY

NOTE 11 – STOCKHOLDERS’ EQUITY

 

The Company’s authorized capital consists of 300,000,000 shares of common stock with a par value of $0.001 per share.

 

During the nine months ended September 30, 2020, the Company issued 60,177,619 shares of common stock, valued at fair market value on issuance as follows;

 

·8,937,500 shares issued for cash of $715,004  

·6,275,456 shares issued for settlement of debt of $365,678  

·5,867,600 shares issued for services valued at $567,978  

·50,000 shares issued for forbearance of debt of $2,900  

·35,813,477 shares issued for conversion of debt of $767,431  

·3,233,586 shares issued for cashless exercised warrant  

 

As of September 30, 2020 and December 31, 2019, 78,186,210 and 18,008,591 shares of common stock were issued and outstanding, respectively.