Annual report pursuant to Section 13 and 15(d)

COMMON STOCK

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COMMON STOCK
12 Months Ended
Dec. 31, 2019
COMMON STOCK  
NOTE 8. COMMON STOCK

On March 31, 2018, the Company converted $8,204 of its related party payables into 91,148 issued shares of its common stock at $0.09 per share. $7,776 was recorded as a related party gain.

 

On April 18, 2018, the Company converted $25,800 of prepaid consulting, research and development costs owed to six non-related parties into 6,000,000 issued shares of our common stock at a purchase price of $0.0043 per share.

 

On April 30, 2018, the Company converted $500 of related party compensation for consulting services into 50,000 issued shares of its common stock at $0.01 per share.

 

On April 30, 2018, the Company converted $4,500 of stock options exercised by a related party into 450,000 issued shares of its common stock at $0.01 per share.

 

On April 30, 2018, the Company converted $7,500 owed to a related party for executive compensation into 750,000 shares of its common stock at $0.01 per share.

  

On February 25, 2019, the Company issued 35,454,547 shares of its common stock to non-related parties for $39,000 in cash.

  

On August 23, 2019, the Company converted $56,478 of related party debt into 13,134,420 shares of its common stock at $0.0043 per share. 13,134,420 stock warrants were settled along with the related party debt.

  

On August 23, 2019, the Company converted $96,303 of related party debt into 21,400,745 shares of its common stock at $0.0045 per share. 21,400,745 stock warrants were settled along with the related party debt.

  

On August 23, 2019, the Company converted $595,000 of accrued compensation owed to a related party into 14,000,000 shares of its common stock valued at $0.0043 per share. A related party gain of $535,500 was recorded as APIC.

 

On August 23, 2019, the Company issued to a related party 5,206,430 shares of its common stock in exchange for 520,643 shares of the Company’s Series A Preferred Stock valued at $0.0043 per common share. The Company also issued to a related party 8,679,320 shares of its common stock in exchange for 867,932 shares of the Company’s Series A Preferred Stock valued at $0.0043 per common share. A related party gain of $1,329,561 was recorded as APIC.