|9 Months Ended|
Sep. 30, 2020
|Subsequent Events [Abstract]|
Note 12 – Subsequent Events
Subsequent to September 30, 2020, an aggregate of 495,085 shares of restricted common stock were issued on the conversion of $15,000 of principal and $4,308 of accrued interest pursuant to Variable Notes.
Subsequent to September 30, 2020, the Company issued 800,000 shares of restricted common stock to one consultant in accordance with the term of its consulting agreement.
Subsequent to September 30, 2020, the Company issued 21,398 shares of common stock at a purchase price of $0.0701for total consideration of $1,500 to one investor.
On November 12,2020, the Company issued a self-amortization promissory note with a one-year maturity in the principal amount of $585,000, for funding of $106,692 and retirement of previously issued note with the same investor for $440,000. As inducement, the Company issued 355,000 restricted shares of the Company’s common stock.
As a result of these issuances, the total number of common shares outstanding is 18,975,435, Preferred B shares outstanding is 600, Preferred C shares outstanding is 763 and Preferred D shares outstanding is 305.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef