STOCKHOLDERS’ DEFICIT	9 Months Ended
Sep. 30, 2023
Equity [Abstract]
STOCKHOLDERS’ DEFICIT	NOTE 7 – STOCKHOLDERS’ DEFICIT Preferred Stock The Company is authorized to issue 50,000,000 shares of preferred stock with a par value of $0.001 per share. There were no shares of preferred stock issued or outstanding as of September 30, 2023 or December 31, 2022. Common Stock The Company is authorized to issue up to 100,000,000 shares of common stock with a par value of $0.001 per share. As of September 30, 2023 and December 31, 2022 there were 19,153,923 shares of common stock issued and outstanding. Additional Paid in Capital During the quarter ended September 30, 2023, the Company agreed to convert two related party liabilities to additional paid in capital. The Company had an amount outstanding of $245,979 with NPFC SPV 1, Inc. which was all converted to additional paid in capital as at September 30, 2023. The company also had an amount outstanding of $1,863,830 with Newpoint Capital Limited (a Company registered in United Kingdom) an entity owned by the Company’s majority shareholders’ of which $300,000 was converted to additional paid in capital as at September 30, 2023.

STOCKHOLDERS’ DEFICIT

9 Months Ended

Sep. 30, 2023

NOTE 7 – STOCKHOLDERS’ DEFICIT

Preferred Stock

The Company is authorized to issue 50,000,000 shares of preferred stock with a par value of $0.001 per share. There were no shares of preferred stock issued or outstanding as of September 30, 2023 or December 31, 2022.

Common Stock

The Company is authorized to issue up to 100,000,000 shares of common stock with a par value of $0.001 per share. As of September 30, 2023 and December 31, 2022 there were 19,153,923 shares of common stock issued and outstanding.

Additional Paid in Capital

During the quarter ended September 30, 2023, the Company agreed to convert two related party liabilities to additional paid in capital. The Company had an amount outstanding of $245,979 with NPFC SPV 1, Inc. which was all converted to additional paid in capital as at September 30, 2023. The company also had an amount outstanding of $1,863,830 with Newpoint Capital Limited (a Company registered in United Kingdom) an entity owned by the Company’s majority shareholders’ of which $300,000 was converted to additional paid in capital as at September 30, 2023.

- Definition

The entire disclosure for equity.

+ References

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+ Details

Newpoint Financial Corp 10-Q