SUBSEQUENT EVENTS |
9 Months Ended |
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Sep. 30, 2024 | |
SUBSEQUENT EVENTS | |
SUBSEQUENT EVENTS |
NOTE 19 - SUBSEQUENT EVENTS
Subsequent to September 30, 2024, the Company issued an aggregate of 94,583 shares of its common stock for the Company’s President stock compensation and consulting services valued at $28,375.
On October 7, 2024, the Company entered into a promissory note amendment agreement. In accordance with the agreement, the debt holder agreed to modify the amortization of payment terms and in exchange for the modification the Company issued an aggregate of 37,500 shares of common stock to the debt holder valued at $11,250.
On October 14, 2024, the Company entered into three stock grant award agreements with the Company’s Controller and issued an aggregate of 150,000 shares of its common stock valued at $49,500.
On October 14, 2024, the Company entered into two promissory note amendment agreements. In accordance with the agreements, the debt holder agreed to modify the amortization and the payment terms and in exchange for the modification the Company issued an aggregate of 150,000 shares of common stock to the debt holder valued at $49,500.
On October 14, 2024, the Company entered into an Exchange Agreement with its President and Member of the Board of Directors, Mr. Louis Lucido. Pursuant to the agreement, Mr. Lucido agreed to exchange the aggregate of $387,600 of director's fees and loans to the Company’s subsidiary for 1,105,218 shares of common stock. |
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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