Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

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Subsequent Events
6 Months Ended
Jun. 30, 2020
Subsequent Events [Abstract]  
Subsequent Events

Note 12 – Subsequent Events

 

Subsequent to June 30, 2020, an aggregate of 611,090 shares of common stock were issued on the conversion of $26,200 of principal and $6,768 of accrued interest pursuant to Variable Notes.

 

Subsequent to June 30, 2020, the Company issued 1,500,000 shares of common stock in exchange for 34,690 previously issued stock options.

 

Subsequent to June 30, 2020, the Company issued 500,000 shares of common stock as inducement for extension of a note with one investor.

 

Subsequent to June 30, 2020, the Company issued 1,234,568 shares of common stock at a purchase price of $0.081 for total consideration of $100,000 to one investor.

 

On July 16, 2020, the Securities and Exchange Commission declared effective the registration statement on Form S-1, which was filed on June 23, 2020 and amended on July 10, 2020 following the execution on May 18, 2020 of the equity line purchase agreement.

 

Subsequent to June 30, 2020, pursuant to the Equity Line Purchase Agreement, the Company issued 385,963 shares of common stock.

 

As a result of these issuances, the total number of common shares outstanding is 16,662,039, Preferred B shares outstanding is 600, Preferred C shares outstanding is 719 and Preferred D shares outstanding is 305.