DEFICIENCY IN STOCKHOLDERS EQUITY | NOTE 8 – DEFICIENCY IN STOCKHOLDERS EQUITY At September 30, 2022 and December 31, 2021, the Company has 1,100,000,000 0.0001 1,429,129 1,426,629 200,000,000 0.0001 Curative Biotechnology, Inc. Notes to Condensed Financial Statements (Unaudited) NOTE 8 – DEFICIENCY IN STOCKHOLDERS EQUITY, continued The Series A and Series C preferred stock has been accounted for in accordance with FASB Accounting Standards Codification (ASC) 480, as mezzanine equity due to Series A having a redemption provision by the holder and Series C being convertible into a variable number of common shares. SCHEDULE OF STOCKHOLDERS EQUITY No. Shares Par No. Shares Par No. Shares Par No. Shares Par Series A Series B Series C Total No. Shares Par No. Shares Par No. Shares Par No. Shares Par January 1, 2021 134,109,750 $ 13,411 293,000 $ 29 30,000,000 $ 3,000 164,402,750 $ 16,440 Conversion to common shares (134,109,750 ) (13,411 ) (212,000 ) (21 ) - - (134,321,750 ) (13,432 ) December 31, 2021 - - 81,000 8 30,000,000 $ 3,000 30,081,000 3,008 Beginning balance, value - - 81,000 8 30,000,000 $ 3,000 30,081,000 3,008 no transactions - - - - - - - - September 30, 2022 - $ - 81,000 $ 8 30,000,000 $ 3,000 30,081,000 $ 3,008 Ending balance, value - $ - 81,000 $ 8 30,000,000 $ 3,000 30,081,000 $ 3,008 The preferred shares have the following respective rights and privileges: Series A Preferred carry 10 votes for each share of common stock that each Series A shares are convertible into at the record date; 35 45 5,000,000 339,591 Series B Preferred are convertible in common shares of common stock at a conversion price of $ 3.00 125 203,000 67,666 Series C Preferred are convertible into at the record date; is convertible into common stock aggregating 30% of the total issued and outstanding common shares at conversion date post conversion; carry one vote for each common share that the Series C is convertible into at the record date. Quarter ended March 31, 2022: The Company issued 2,500 51,750 Quarter ended December 31, 2021: The Company issued 32,898 64,788 523,000 25,000 500 21,960 31,250 1,425,000 Quarter ended September 30, 2021: The Company issued 10,902 10,590 425,000 625 22,500 150 150 150 175 750 36,720 625 28,475 5,000 180,000 9,000 3,000 Curative Biotechnology, Inc. Notes to Condensed Financial Statements (Unaudited) NOTE 8 – DEFICIENCY IN STOCKHOLDERS EQUITY, continued Quarter ended June 30, 2021: The Company issued 25,000 12,500 600,000 May 2026 44.00 2,500 Quarter ended March 31, 2021: The Company issued 312 5,575 17.84 937 11,250 339,591 203,000 67,666 24.00 27,343 656,250 26,250 525,000 26,250 16,250 16,250 325,000 | NOTE 9 – DEFICIENCY IN STOCKHOLDERS EQUITY At December 31, 2021 and 2020, the Company has 1,100,000,000 0.0001 1,426,629 832,500 200,000,000 0.0001 The Company accounts for the Series A and Series C preferred stock in accordance with FASB Accounting Standards Codification (ASC) 480, as mezzanine equity due to Series A having a redemption provision and Series C being convertible into a variable number of common shares. SCHEDULE OF STOCKHOLDERS EQUITY No. Shares Par No. Shares Par No. Shares Par No. Shares Par Series A Series B Series C Total No. Shares Par No. Shares Par No. Shares Par No. Shares Par January 1, 2020 34,109,750 $ 3,411 293,000 $ 29 - $ - 34,402,750 $ 3,440 Issuance of shares for services 100,000,000 10,000 - - 30,000,000 3,000 130,000,000 13,000 December 31, 2020 134,109,750 13,411 293,000 29 30,000,000 3,000 164,402,750 16,440 Beginning Balance 134,109,750 13,411 293,000 29 30,000,000 3,000 164,402,750 16,440 Conversion to common shares (134,109,750 ) (13,411 ) (212,000 ) (21 ) - - (134,321,750 ) (13,432 ) no transactions no transactions, shares December 31, 2021 - $ - 81,000 $ 8 30,000,000 $ 3,000 30,081,000 $ 3,008 Ending Balance - $ - 81,000 $ 8 30,000,000 $ 3,000 30,081,000 $ 3,008 The preferred shares have the following respective rights and privileges: Series A Preferred carry 10 votes for each share of common stock that each Series A shares are convertible into at the record date 35 45 5,000,000 Series B Preferred are convertible in common shares of common stock at a conversion price of $ 3.00 125 Series C Preferred are convertible into common stock aggregating 30 Curative Biotechnology, Inc Notes to Financial Statements NOTE 9 – DEFICIENCY IN STOCKHOLDERS EQUITY, continued During the fourth quarter 2021, the Company issued 32,898 64,788 523,000 25,000 500 21,960 31,250 1,425,000 During the third quarter 2021, the Company issued 10,902 10,590 425,000 625 22,500 150 150 150 175 750 36,720 625 28,475 5,000 180,000 9,000 3,000 During the second quarter 2021, the Company issued 25,000 12,500 600,000 May 2026 44.00 2,500 During the second quarter 2021, the Company issued 625 150 150 150 175 2,100 525 525 525 525 2,100 During the first quarter 2021, the Company issued 312 5,575 17.84 937 11,250 339,591 203,000 67,666 24.00 27,343 656,250 26,250 525,000 26,250 16,250 16,250 325,000 During the 4 th 4,250 36,800 8.64 th 21,250 106,000 5.00 During the 4 th 100,000,000 1,560,840 0.0156 th 30,000,000 4,562,062 0.152 50% of the Series C shares vested upon issuance and the other 50% vest in May 2021. The Company recorded 50% of the compensation expense upon issuance and 50% as a prepaid expense which will be amortized over the remaining of the six month service period. During the 2nd quarter 2020, the Company issued 3,125 23,300 7.46 Curative Biotechnology, Inc Notes to Financial Statements NOTE 9 – DEFICIENCY IN STOCKHOLDERS EQUITY, continued During the 1st quarter 2020, the Company issued 3,750 15,000 4.00 A deemed dividend for the Series C preferred stock is calculated and recorded as shares of common stock are issued. This is calculated as the increase in common shares that the Series C would receive upon conversion, as a result of the change in the number of common shares issued and outstanding during the period multiplied by the closing price of the common stock at the end of the period. The deemed dividend was $ 13,477,055 4,440 |