NOTE 12 – SUBSEQUENT EVENTS

Shares issued for conversion of convertible debt

Between January 2024 and February 2024, the Company issued an aggregate of 14,625,925 shares of its common stock at a contractual conversion price of $0.004, as a result of the conversion of principal of $68,500 and interest of $534 underlying certain outstanding convertible notes converted during such period. The Company reclassified $37,628 from put premium liabilities to additional paid in capital following conversions.

Shares issued for exercise of warrants

In January 2024, the Company issued 1,350,000 shares of common stock from the alternate cashless exercise of 0.00675 Series A warrants. The Company recognized the value of the effect of a down round feature in such warrants when triggered. Upon the occurrence of the triggering event that resulted in a reduction of the strike price, the Company measured the value of the effect of the feature as the difference between the fair value of the warrants without the down round feature or before the strike price reduction and the fair value of the warrants with a strike price corresponding to the reduced strike price upon the down round feature being triggered. Accordingly, the Company recognized deemed dividend of $15,800 and a corresponding reduction of income available to common stockholders upon the alternate cashless exercise of these warrants.