SETTLEMENT LIABILITY – RELATED PARTY	9 Months Ended
Sep. 30, 2024
Settlement Liability Related Party
SETTLEMENT LIABILITY – RELATED PARTY	NOTE 8 – SETTLEMENT LIABILITY – RELATED PARTY On September 17, 2020, the Company entered into a settlement agreement with Green Horseshoe, LLC., Inc. on its past due notes payable with a principal balance of $285,206 and accrued interest of $296,670 representing a total amount of the settlement of $581,876. The settlement amount is non-interest bearing. The agreement calls for the Company’s transfer agent to issue free-trading common shares to Green Horseshoe, LLC. at a conversion rate of 50% of the average closing price of the Company’s shares for the 10 prior trading days prior to any issuance notice issued by Green Horseshoe, LLC. The Company shall issue its unrestricted common stock in one or more tranches of less than 10% of the Company’s then issued and outstanding shares until the agreed upon settlement is satisfied. For the years ended December 31, 2023 and 2022, the Company issued 173,146,328 and 46,145,527 shares of its common stock, respectively, in payment of $101,549 and $158,528 towards the settlement with no gain or loss recorded. On March 28, 2024, Green Horseshoe, LLC assigned the Settlement Agreement, Court Order, and balance of debt owed to it by the Company to Alpha Strategies Trading Software, Inc. On May 6, 2024, this liability was assigned to Nicosel, LLC, a non-affiliate of the Company (Note 9). As of September 30, 2024 and December 31, 2023, the balance of the settlement liability is $146,799 and $146,799, respectively.

SETTLEMENT LIABILITY – RELATED PARTY

9 Months Ended

Sep. 30, 2024

NOTE 8 – SETTLEMENT LIABILITY – RELATED PARTY

On September 17, 2020, the Company entered into a settlement agreement with Green Horseshoe, LLC., Inc. on its past due notes payable with a principal balance of $285,206 and accrued interest of $296,670 representing a total amount of the settlement of $581,876. The settlement amount is non-interest bearing.

The agreement calls for the Company’s transfer agent to issue free-trading common shares to Green Horseshoe, LLC. at a conversion rate of 50% of the average closing price of the Company’s shares for the 10 prior trading days prior to any issuance notice issued by Green Horseshoe, LLC. The Company shall issue its unrestricted common stock in one or more tranches of less than 10% of the Company’s then issued and outstanding shares until the agreed upon settlement is satisfied.

For the years ended December 31, 2023 and 2022, the Company issued 173,146,328 and 46,145,527 shares of its common stock, respectively, in payment of $101,549 and $158,528 towards the settlement with no gain or loss recorded.

On March 28, 2024, Green Horseshoe, LLC assigned the Settlement Agreement, Court Order, and balance of debt owed to it by the Company to Alpha Strategies Trading Software, Inc.

On May 6, 2024, this liability was assigned to Nicosel, LLC, a non-affiliate of the Company (Note 9).

As of September 30, 2024 and December 31, 2023, the balance of the settlement liability is $146,799 and $146,799, respectively.

HALLMARK VENTURE GROUP, INC. 10-Q