Stockholders' Equity | Note 8. Shareholders’ Equity Reincorporation On August 16, 2019, the Company reincorporated from Nevada to Wyoming. The reincorporation was approved by its board of directors and by the holders of a majority of the voting rights for its common stock. There was no change in share ownership as a result of the reincorporation. Authorized shares in the Wyoming corporation are unlimited shares of common stock and 20,000,000 shares of preferred stock. Common stock issued for services On October 2, 2018, we issued 20,000,000 shares of common stock to Mr. Jim for services. The shares were valued at $1,464,000 based on the fair market value of the stock on the date of issuance. Series F preferred stock issued for services On March 15, 2019, we issued 1,000,000 shares of Series F Preferred Stock to Mr. Jim for services. The shares were valued at $89,930 based on a third-party valuation of stock on the date of issuance. The shares were valued at $89,930 based on a third-party estimate of the fair market value of the stock on the date of issuance. The Series F Preferred Stock is subordinated to our common stock and superior to all shares of Preferred Stock. It does not receive dividends and does not participate in equity distributions. The Series F Preferred stock retains 2/3 of the voting rights in the company. Series E preferred stock issued for services On November 13, 2015, our board of directors designated 1,000,000 shares of our preferred stock as Series E Preferred Stock. The Series E Preferred Stock is subordinated to our common stock. It does not receive dividends and does not participate in equity distributions. The Series E Preferred stock has 2 votes for each outstanding share of common stock in the company. As of January 31, 2020, there are 1,000,000 shares Series E Preferred Stock outstanding. Dividends, when, as and if declared by the Board of Directors, shall be paid out of funds at the time legally available for such purposes. Convertible preferred stock issued for services In January 2020, our board of directors designated 50,000 shares of our preferred stock as Convertible Preferred Stock. The Convertible Preferred Stock is entitled to receive dividends of 10% of the net profit of VIVIS Corporation. After the Convertible Preferred Stock has received cumulative dividends of $1,100,000, the dividend rate will reduce to 2%. The Convertible Preferred Stock is convertible into 100,000 post reverse shares of common stock of the Company. During the year ended January 31, 2020, the Company issued 50,000 shares of Convertible Preferred Stock and received cash proceeds of $250,000. Conversions to common stock During year ended January 31, 2020, the holders of our convertible notes elected to convert principal and interest into shares of common stock as detailed below: Date Amount Number of February 21, 2019 $ 10,856 981,959 March 7, 2019 10,889 989,899 March 28, 2019 8,748 1,060,417 April 9, 2019 7,296 1,326,599 April 30, 2019 11,009 2,042,466 May 9, 2019 10,000 1,639,344 May 17, 2019 8,600 2,000,000 May 20, 2019 8,600 2,000,000 May 28, 2019 7,750 2,236,589 May 31, 2019 8,200 2,000,000 June 3, 2019 8,200 2,000,000 June 5, 2019 6,800 2,000,000 June 5, 2019 7,761 2,565,511 June 7, 2019 6,600 2,000,000 June 10, 2019 6,000 2,000,000 June 12, 2019 7,773 5,047,474 June 12, 2019 4,600 2,000,000 June 13, 2019 6,900 3,000,000 June 13, 2019 7,800 3,391,304 June 14, 2019 7,800 3,391,304 June 14, 2019 7,404 5,049,494 June 17, 2019 5,300 4,076,923 June 18, 2019 5,300 4,076,923 June 18, 2019 5,942 5,144,165 June 20, 2019 4,900 4,083,333 June 21, 2019 1,520 1,551,020 June 21, 2019 8,428 9,577,773 July 1, 2019 4,700 4,795,918 July 1, 2019 4,700 4,795,918 July 2, 2019 4,700 4,795,918 July 3, 2019 4,700 4,795,918 July 8, 2019 6,300 6,428,571 July 8, 2019 6,200 6,326,531 July 9, 2019 6,300 6,428,571 July 10, 2019 1,920 2,086,957 July 23, 2019 9,122 13,820,803 July 26, 2019 8,278 12,543,030 August 1, 2019 8,608 13,041,818 August 12, 2019 13,527 18,918,755 August 21, 2019 11,741 15,247,623 August 29, 2019 11,491 16,070,713 September 3, 2019 11,496 16,077,622 September 6, 2019 11,456 16,022,559 September 12, 2019 11,792 16,492,308 September 25, 2019 10,000 25,000,000 September 26, 2019 12,684 28,826,568 October 4, 2019 10,930 33,122,485 October 11, 2019 6,471 19,608,091 October 16, 2019 8,700 29,000,000 October 24, 2019 9,462 28,671,727 December 6, 2019 9,700 22,558,140 December 6, 2019 9,700 22,558,140 December 9, 2019 9,700 22,558,140 December 11, 2019 11,100 25,813,953 December 24, 2019 9,600 25,945,946 December 27, 2019 9,600 25,945,946 December 28, 2019 6,117 16,540,541 Total $ 461,771 582,071,707 During the year ended January 31, 2019, the holders of our convertible notes elected to convert principal and interest into shares of common stock as detailed below: Date Amount Number of April 26, 2018 $ 18,904 343,709 September 12, 2018 21,209 550,094 September 28, 2018 21,280 552,727 October 25, 2018 14,006 505,275 November 5, 2018 26,545 965,252 November 29, 2018 26,678 2,425,253 January 23, 2019 23,745 1,944,744 Total $ 152,367 7,287,054. |