Tuesday, May 17, 2022 11:46:45 PM
· 40,967,768 shares converting $47,171 of principal and $2,805 in interest for convertible debt into equity. We recognized no gain or loss on the transactions.
· 1,600,000 shares an enticement for a convertible promissory note. We valued the shares at the grant date fair value and included $3,200 into equity. We accounted for the cost of these shares as a debt discount to be amortized over the life of the loan.”
“$25,000 of stock-related compensation to a consultant in the form of a stock payable; and a $40,000 increase in promotional costs.”
“$40,000 increase in promotional costs.”
“At March 31, 2022, the Company had $39,924 in current assets and current liabilities totaling $5,110,916.”
Still lots of errors found in this filling that have been present for over a year.
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