Quarterly report pursuant to Section 13 or 15(d)

STOCKHOLDERS' EQUITY

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STOCKHOLDERS' EQUITY
3 Months Ended
Mar. 31, 2022
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]

NOTE 6: STOCKHOLDERS EQUITY

 

Common Stock

 

During February and March 2021, the Company issued a total of 24,481,282 shares of its common stock to holders of convertible notes payable for principal totaling $170,000, accrued interest totaling $11,733 and conversion fees of $600.

 

During March 2021, an officer and director of the Company agreed to return and retire 4,516,310 shares of common stock previously issued for common stock compensation.

 

Common Stock Warrants

 

Warrants

 

There were no warrants issued during the three months ended March 31, 2022 and the year ended December 31, 2021. The following table presents the stock warrant activity during the three months ended March 31, 2022:

 

   

Warrants

   

Weighted Average

Exercise Price

   

Weighted Average

Remaining Term

 

Outstanding - December 31, 2021

    67,340     $ 0.15       0.21  

Granted

    -       -       -  

Forfeited/expired

    (67,340

)

  $ 0.15       -  

Exercised

    -       -       -  

Outstanding March 31, 2022

    -     $ -       -