Stockholders Equity | NOTE 3 – STOCKHOLDERS’ EQUITY Preferred stock The Company has authorized 50,000,000 shares of preferred stock, $0.001 par value. The Company’s Board of Directors is authorized, without further action by the shareholders, to issue shares of preferred stock and to fix the designations, number, rights, preferences, privileges and restrictions thereof, including dividend rights, conversion rights, voting rights, terms of redemption, liquidation preferences and sinking fund terms. As of December 31, 2019, the Company had no classes and -0- shares of preferred stock issued and outstanding. Common stock The Company has authorized 500,000,000 shares of common stock, with a par value of $0.001 per share. 2018 Issuances/Cancellations During the fiscal year ended December 31, 2018, the Company issued an aggregate of 200,000 shares of its common stock to outside consultants for services rendered in lieu of cash. These shares had an aggregate issue value of $6,000, or $0.03 a share. During the fiscal year ended December 31, 2018, the Company issued an aggregate of 6,755,000 shares of its common stock in exchange for $202,650 in cash, or $0.03 a share. During the fiscal year ended December 31, 2018, the Company mutually rescinded two consulting agreements and subsequently cancelled an aggregate of 17,500,000 shares of its common stock. As of December 31, 2018, the Company had 172,503,000 shares of common stock issued and outstanding. 2019 Issuances/Cancellations During the fiscal year ended December 31, 2019, the Company mutually rescinded a consulting agreement and subsequently cancelled an aggregate of 2,500,000 shares of its common stock. As of December 31, 2019, the Company had 170,003,000 shares of common stock issued and outstanding. |