Quarterly report pursuant to Section 13 or 15(d)

Note 6 - Subsequent Events

v3.20.2
Note 6 - Subsequent Events
9 Months Ended
Sep. 30, 2020
Notes to Financial Statements  
Subsequent Events [Text Block]
Note
6
– Subsequent Events
 
Common stock issuance
 
Subsequent to
September 30, 2020,
the company issued
500,000
shares to a consultant in connection with services provided.
 
Securities Market
  
On
October 29, 2020,
the Company moved the trading of its securities to the OTCQB, also known as the Venture Market, from OTC Pink market. The fees for listing on OTCQB markets is
$12,000
per annum, with a
one
-time application fee of
$2,500.
The OTCQB market is the middle tier of the OTC Markets and consists of early-stage and developing U.S. and international companies.
 
Conversion of convertible debt
 
On
October 30, 2020,
DAF provided notice to convert
$250,000
of debt at the stated conversion price of
$0.0329
per share, resulting in an issuance of
7,598,784
shares.