NOTE 16 – EQUITY TRANSACTIONS

2020 Common Stock Transactions

During the year ended December 31, 2020, the Company recorded 1,552,500 shares of $.001 par value common stock as issued and issuable to short-term note holders as required under their respective short-term notes, valued at approximately $226,800. (See Note 12)

During the year ended December 31, 2020, the Company recorded 975,000 shares of $.001 par value common stock as issued and issuable to short-term note holders in connection to new borrowings of short-term notes, valued at approximately $61,300. (See Note 12)

During the year ended December 31, 2020, the Company issued options to purchase 90,000 shares of $.001 par value common stock as issued and issuable to short-term note holders in connection to new borrowings of short-term notes, valued at approximately $5,500. (See Note 17)

2019 Common Stock Transactions

During the year ended December 31, 2019, the Company recorded 887,500 shares of $.001 par value common stock as issued and issuable to short-term note holders as required under their respective short-term notes valued at approximately $70,500. (See Note 12)

Warrants

In 2020 and 2019, no warrants were issued.

A summary of warrant activity for the years ended December 31, 2020 and December 31, 2019 is presented as follows: