Equity Transactions | Note 5. Equity Transactions Preferred Stock The total number of shares of preferred stock which the Company shall have authority to issue is 20,000,000 shares with a par value of $0.001 per share. During the year ended December 31, 2019, the Company authorized the issuance of 1,000,000 shares of preferred stock to officers, directors and consultants as deferred compensation and/or expense. The shares are eligible for conversion after 24 months into 40 shares of common stock per each preferred share. The value of the issued shares was calculated on the basis of 40 shares per preferred share at the common share value on the date of issuance. The deferred compensation value of the shares will vest monthly at 1/24th of the calculated value of $3,000,000 and requisite expense or reduction of accrued compensation and/or accrued directors fees will be recorded. At the recording of the requisite vested share value, the corresponding number of preferred shares will be recorded as being issued. On May 22, 2020, two independent directors resigned and three officers/directors/consultant resigned. Therefore, the vesting of their preferred shares ceased on those dates per the authorization documents. As part of the Settlement and Compromise agreements signed by current officers, director and consultant on February 26, 2021, with effective date October 1, 2020, the shares issued became fully vested at the year ended December 31, 2020. In April 2020, the Board of Directors issued a Certificate of Designations, Preferences and Rights of Series D Preferred Stock in which the Board authorized a new series of Preferred Stock to be designated as Series D. The Board authorized two hundred thousand (200,000) shares to be issued to persons designated by the Board. The Series D Preferred Stock has no stated maturity and will not be subject to any sinking fund or mandatory redemption and will remain outstanding indefinitely unless the Holder decides to convert the shares of Series D Preferred Stock. The Series D Preferred Stock will rank, with respect to rights to the payment of dividends and the distribution of assets in the event of any liquidation, dissolution or winding up of the Corporation, (i) senior to all classes or series of the Corporation’s Common Stock, par value $0.001 per share (“Common Stock”), and to all other equity securities issued by the Corporation ; (ii) on parity with all equity securities issued by the Corporation with terms specifically providing that the Series B Preferred ranks on parity, except with respect to voting rights on which the Series B Preferred ranks junior to the Series D Preferred and except with respect to rights to the payment of dividends and the distribution of assets upon any liquidation, dissolution or winding up of the Corporation, which the Series B Preferred ranks senior to the Series D Preferred; and (iii) effectively junior to all existing and future indebtedness (including indebtedness convertible into our Common Stock or Preferred Stock) of the Corporation and to any indebtedness and other liabilities of (as well as any preferred equity interest held by others in) existing subsidiaries of the Corporation. The term “equity securities” shall not include convertible debt securities The Holders of the Series D Preferred Stock have the right, on all matters subject to the vote of the capital stock of the Corporation, to have the collective vote equal to 70% of the total of all voting capital stock of the Corporation, notwithstanding the number of shares of voting capital stock, including shares of common stock, that may be outstanding from time to time. As of the period ended March 31, 2021, there were no Series B or D issued and outstanding. Common Stock On February 12, 2020, FINRA approved a 1:50 reverse split of the Company’s common stock. As noted throughout this document, all common shares are stated as if the 1:50 reverse split had been completed as of the beginning of the year ended December 31, 2020. Following the approval, the Company’s stock began trading under the symbol “EWLLD”. Due to rounding issues for the reverse split, the Company issued 47,876 additional shares of common stock. On February 14, 2020, the Company filed a Definitive Information Statement on Schedule 14C for the purpose of authorizing the increase in the number of authorized shares of Common Stock from one billion nine hundred million (1,900,000,000) shares of Common Stock to twenty billion (20,000,000,000) shares of Common Stock Three Months Ended March 31, 2021 During the three months ended March 31, 2021, the Company issued 1,701,666 shares of common stock for consultant services valued at $601. Three Months Ended March 31, 2020 During the three months ended March 31, 2020, the Company issued a total of 1,416,790,494 shares of common stock per debt conversion of various convertible notes (see Note 4). The total of the debt conversion was for $643,998 of principal, $64,796 of accrued interest and $73,750 of financing costs. During the three months ended March 31, 2020, the Company issued 355,000 shares of common stock for consultant services valued at $465. During the three months ended March 31, 2020, the Company issued 60,000 shares of common stock for advisory services valued at $192. Stock Options The following is a summary of the status of all Company’s stock options as of March 31, 2021 and changes during the three months ended on that date: Weighted Number of Stock Average Exercise Remaining Intrinsic Options Price Life (yrs) Value Outstanding on December 31, 2020 27,000 $ 40.00 .14 $ - Granted - - Exercised - - Cancelled (27,000 ) - Outstanding on March 31, 2021 - - - $ - Options exercisable on March 31, 2021 - $ - - $ - Warrants The following is a summary of the status of the Company’s warrants as of March 31, 2021 and changes during the three months ended on that date: Weighted Number of Average Exercise Remaining Intrinsic Warrants Price Life (yrs.) Value Outstanding on December 31, 2020 26,015 $ 12.50 1.2 $ - Granted - - - - Exercised - - - - Cancelled (26,015 ) - - - Outstanding on March 31, 2021 - $ - - $ - Warrants exercisable on March 31, 2021 - $ - - $ - |