|3 Months Ended|
Mar. 31, 2019
NOTE 7 – STOCKHOLDERS’ DEFICIT
Self-directed stock issuance 2019
During the three-months ended March 31, 2019, the Company sold securities in a self-directed offering in the aggregate amount of $45,000 at $0.30 per unit. Each $0.30 unit consisted of 2 shares of restricted common stock (299,998 shares) and a five-year warrant to purchase 1 share of restricted common stock (149,999 warrant shares) at $0.20 per share.
Warrant exchange offering
In June 2018, the Company commenced an offering to exchange outstanding warrants for shares of common stock under a Form S-4 Registration Statement. These shares of common stock were issued to warrant holders in exchange for (i) their outstanding warrants to purchase shares of common stock at $0.625 per share, and (ii) cash payment of $0.15 per share. This offering closed on July 27, 2018, and resulted in an exchange of 9.6 million warrants and $1,440,043 in gross proceeds for 9,600,286 shares of common stock. Stock issuance costs associated with this capital raise totaled $196,006, resulting in a net total of $1,244,037 raised in this offering.
As of March 31, 2019 and December 31, 2018, the Company had a total of 134,686,596 and 133,888,573 shares of common stock outstanding.
The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef