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Wednesday, November 24, 2021 5:05:03 PM
In accordance with ASC 855-10 management has performed an evaluation of subsequent events through the date that the financial statements were
available to be issued.
Subsequent to February 28, 2021, the Company:
- Acquired four additional companies. The Company entered into purchase agreements to purchase:
a) The outstanding membership units of Cornerstone Construction Team, LLC for $3,000,000 cash and 45,000,000 shares of
common stock.
b) The outstanding stock of Pacific Lighting Management, Inc. for $1,500,000 cash.
c) The outstanding membership units of Balance Authority, LLC for $1,500,000 cash and 10,000,000 shares of common stock.
d) The outstanding stock of Kinetic Investments, Inc. for $2,200,000 cash and 22,000,000 shares of common stock.
These acquisitions closed from March 1, 2021 through June 24, 2021.
- On 4/7/2021 the Company borrowed $3,250,000 on a convertible note bearing interest of 10% per annum, convertible into shares of the
Company’s common stock from time to time at $2.50 per share.
- On 4/15/2021 the Company entered into an agreement to acquire the remaining 49% of Approved House Pros LLC for no additional cost to
the Company.
- On 4/28/2021 the Company signed a letter of intent to purchase an office building located at 9212 Mira Este Ct. San Diego, CA for
$3,000,000.
- On 5/20/2021 the Company authorized 1 shares of Class C preferred stock.
- On 6/1/2021 the Company borrowed $5,000,000 on a convertible note bearing interest of 10% per annum, convertible into shares of the
Company’s common stock from time to time at $2.50 per share.
- From 3/1/2021 through 6/11/2021 the company issued 90,304,000 additional common shares, with a value of $23.9 million, bringing the
total common shares outstanding to 339,727,018.
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