EQUITY |
3 Months Ended |
|---|---|
Jun. 30, 2021 | |
| Equity [Abstract] | |
| EQUITY | NOTE 11 - EQUITY
Preferred Stock
There are 50,000,000 shares authorized as preferred stock, of which 40,000,000 are designated as Series B and 2,000,000 are designated as Series A. 8,000,000 shares have yet to be designated. All 2,000,000 shares of Series A preferred are issued and outstanding. Each share of Series A preferred is convertible into 240 shares of common stock. The Series A Preferred Stock votes with the Common Stock on all matters to be voted on by the common stock on an as-converted basis. On such matters, each holder of Series A Preferred Stock is entitled to 240 votes for each share of Series A Preferred Stock held by such shareholder.
On November 23, 2020, as part of an Employment Agreement, the Company’s Chief Executive Officer received shares of Series B Convertible Preferred Stock. Each share of Series B Preferred is convertible into two shares of common stock. As such the fair value, $, was based on the value of common shares on the date of agreement, $0.004 per share. The shares are considered immediately vested as of November 23, 2020.
Common Stock
Common Stock Issuances for the three months ended June 30, 2020
On April 23, 2020, the Company issued shares of common stock in exchange for services valued at $25,600 or $0.0064 per share.
On May 14, 2020, the Company sold shares of common stock for $10,000 or $0.0064 per share.
On May 25, 2020, the Company sold shares of common stock for $75,000 or $0.0064 per share.
On June 1, 2020, the Company issued shares of common stock in exchange for services valued at $428,800 or $0.0064 per share.
On June 1, 2020, the Company issued shares of common stock in exchange for the acquisition of UCL MMA LLC valued at $39,000 or $0.0065 per share.
Common Stock Issuances for the three months ended June 30, 2021
On April 1, 2021, the Company issued shares of stock to GS Capital in exchange for $200,000 or $0.004 per share.
On April 10, 2021, the Company issuedshares of stock to AES Capital in exchange for $100,000 or $0.004 per share.
On April 14, 2021, the Company issued shares of stock to GS Capital in exchange for $55,000 or $0.004 per share.
On May 13, 2021, the Company issued shares of stock to GS Capital in exchange for $200,000 or $0.004 per share.
On May 21, 2021 the Company issued shares of common stock to Rex Chan in exchange for contractor services valued at $6,450 or $0.0043 per share representing the share price at the date of the transaction.
On May 21, 2021 the Company issued shares of common stock to BM Giancarlo in exchange for management services valued at $8,600 or $0.0043 per share representing the share price at the date of the transaction.
On May 21, 2021 the Company issued shares of common stock to Carlos Diaz in exchange for management services valued at $8,600 or $0.0043 per share representing the share price at the date of the transaction.
On June 3, 2021, the Company issued shares of stock to AES Capital in exchange for $100,000 or $0.004 per share.
On June 16, 2021, the Company issued shares of stock to GS Capital in exchange for $125,000 or $0.004 per share.
On June 25, 2021, the Company issued shares of stock to AES Capital in exchange for $100,000 or $0.004 per share.
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