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Restatement of Financial Statements

12 Months Ended

Dec. 31, 2021

Accounting Changes and Error Corrections [Abstract]

Note 9 – Restatement of Financial Statements

The Company’s financial statements as of and for the year ended December 31, 2021, contained an understatement of legal and professional expenses of $420,000 for the valuation of a total of 210,000 shares (105,000 shares on a post-split basis) of incentive stock transferred from a significant shareholder of the Company , who is also the wife of our Chairman and CEO, to a consultant for the Company in a private transaction.

	Originally Reported ($)			Restatement Adjustment ($)			As Restated ($)
Stockholders’ Equity
Additional paid-in capital		3,730,867			420,000			4,150,867
Accumulated deficit		(5,375,432	)		(420,000	)		(5,795,432	)

Year Ended December 31, 2021

	Originally Reported ($)			Restatement Adjustment ($)			As Restated ($)
OPERATING EXPENSES
Legal and professional		264,684			420,000			684,684
Total operating expenses		1,322,992			420,000			1,742,992

Loss from operations		(1,322,992	)		(420,000	)		(1,742,992	)

Loss before Income Taxes		(732,134	)		(420,000	)		(1,152,134	)

Net loss		(732,134	)		(420,000	)		(1,152,134	)

Net loss attributable to common stockholders		(835,196	)		(420,000	)		(1,255,196	)

Net loss per shares - basic and diluted		(0.08	)		(0.04	)		(0.12	)

	Originally Reported ($)			Restatement Adjustment ($)			As Restated ($)
Cash Flows From Operating Activities:
Net loss		(732,134	)		(420,000	)		(1,152,134	)
Stock-based compensation		490,067			420,000			910,067