EQUITY |
9 Months Ended |
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Dec. 31, 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.
Common Stock
Common Stock Issuances for the nine months ended December 31, 2020
On April 23, 2020, the Company issued shares of stock to GS Capital in exchange for the conversion of $7,341 in convertible note principal.
On May 8, 2020, the Company issued shares of stock to WLES LP LLC in exchange for the conversion of $30,000 in convertible note principal. The shares were valued at $48,281 resulting in a loss on settlement of debt in the amount of $18,281.
On June 16, 2020, the Company issued shares of common stock to Veyo Partners LLC in exchange for investor relation services valued at $14,400 or $0.0036 per share.
On July 10, 2020, the Company issued shares of common stock to Veyo Partners LLC in exchange for investor relation services valued at $14,000 or $0.0035 per share.
On July 31, 2020, GS Capital converted $7,500 in principal and $488 in accrued interest of the October 4, 2019, $84,000 face value note into shares of common stock. The shares were valued at $16,558. The Company recorded the removal of the $7,500 in principle, $488 in interest, and $8,570 in derivative liabilities resulting in no gain or loss.
On August 10, 2020, the Company issued shares of common stock to Veyo Partners LLC in exchange for investor relation services valued at $34,800 or $0.0087 per share.
On August 13, 2020, the Company sold shares of common stock for $100,000 or $0.0075 per share.
On August 19, 2020, the Company sold shares of common stock for $100,000 or $0.0075 per share.
On August 20, 2020, GS Capital converted $12,500 in principal and $871 in accrued interest of the October 4, 2019, $84,000 face value note into shares of common stock. The shares were valued at $155,914. After recording the removal of the $12,500 in principal, $871 in interest, and $138,647 in derivative liabilities, the Company recorded $3,896 as loss on extinguishment of debt.
On September 1, 2020, the Company sold shares of common stock for $100,000 or $0.0075 per share.
On September 9, 2020, GS Capital converted $55,000 in principal and $4,075 in accrued interest of the October 4, 2019, $84,000 face value note into shares of common stock. The shares were valued at $262,363. After recording the removal of the $55,000 in principal amounts, $4,075 in interest, and $142,990 in derivative liabilities, the Company recorded $60,298 as loss on extinguishment of debt.
On September 14, 2020, the Company sold shares of common stock for $165,000 or $0.0075 per share.
On December 31, 2020, the Company issued shares of common stock for services valued at $26,133 or $0.0070 per share.
Common Stock Issuances for the nine months ended December 31, 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 issued shares 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.
On July 13, 2021, the Company issued shares of stock to Geneva Roth in exchange for $100,000 or $0.004 per share.
On July 15, 2021, the Company issued shares of stock to GS Capital in exchange for $100,000 or $0.004 per share.
On July 21, 2021, the Company issued shares of stock to GS Capital in exchange for $100,000 or $0.004 per share.
On October 5, 2021, GS Capital converted $100,000 in principal and $13,479 in accrued interest in connection with Promissory Note dated January 20, 2020. Pursuant to the terms of the conversion, the Company issued shares of common stock at $0.002562 per share.
On October 8, 2021, the Company issued Shares in connection with compensation for services rendered. This award was valued using the stock price of $0.0052 on the date of the award.
On October 19, 2021, GS Capital converted $84,000 in principal and $11,580 in accrued interest in connection with Promissory Note dated January 20, 2020. Pursuant to the terms of the conversion, the Company issued shares of common stock at $0.002562 per share.
On October 26, 2021, the Company issued Shares in connection with stock awards granted to employees and non-employees. This award was valued using the stock price of $0.0044 on the date of the award.
On October 26, 2021, the Company sold shares of common stock for $45,000 or $0.004 per share.
On December 6, 2021, the Company issued Shares in connection with stock awards granted to employees and non-employees. This award was valued using the stock price of $0.0023 on the date of the award.
On December 14, 2021, the Company issued shares of common stock pursuant to Note 39 dated December 10, 2021. The expense associated with this issuance is being amortized over 12 months.
On December 22, 2021, the Company issued shares of common stock to GS Capital in connection with a Promissory Note dated April 26, 2021. As of December 31, 2021 the expense associated with these shares was fully expensed.
On December 28, 2021, GS Capital converted $40,000 in principal and $5,944 in accrued interest in connection with Promissory Note dated January 20, 2020. Pursuant to the terms of the conversion, the Company issued shares of common stock at $0.001365 per share.
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