Quarterly report pursuant to Section 13 or 15(d)

STOCKHOLDERS' EQUITY

v3.22.2.2
STOCKHOLDERS' EQUITY
9 Months Ended
Sep. 30, 2022
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]

NOTE 6: STOCKHOLDERS EQUITY

 

Common Stock

 

During April 2022, a holder of related party notes payable elected to convert $302,580 in principal and $40,301 in accrued interest, or a total of $342,881 into 857,204 shares of the Company’s common stock at $0.40 per share, the market price on the date of conversion.

 

Common Stock Warrants

 

Warrants

 

There were no warrants issued during the nine months ended September 30, 2022 and the year ended December 31, 2021. The following table presents the stock warrant activity during the nine months ended September 30, 2022:

 

                   

Weighted

 
           

Weighted

   

Average

 
   

Warrants

   

Average Exercise Price

   

Remaining Term

 

Outstanding - December 31, 2021

    673     $ 15.00       0.21  

Granted

    -       -       -  

Forfeited/expired

    (673

)

  $ 15.00       -  

Exercised

    -       -       -  

Outstanding September 30, 2022

    -     $ -       -