SUBSEQUENT EVENTS |
6 Months Ended |
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Jun. 30, 2022 | |
| SUBSEQUENT EVENTS | |
| NOTE 21 - SUBSEQUENT EVENTS |
NOTE 20 - SUBSEQUENT EVENTS
As of August 12, 2022, the Company issued an aggregate of: 4,087 shares of its common stock for consulting services and valued at $9,450.
On August 2, 2022, the Company issued an unsecured promissory note payable to Louis Lucido for $300,000 with principal and interest due August 2, 2023, with a stated interest rate of 5% per annum. Under the terms of the note the Company shall pay quarterly interest payments of $3,750. If the Company fails to make any payment due under the terms of the promissory note, the stated interest rate of the note shall be increased to 20%. As additional consideration for the loan the Company will issue 33,000 shares of common stock and valued at $76,890. |
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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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