|3 Months Ended|
Mar. 31, 2019
|Subsequent Events [Abstract]|
NOTE 14 – SUBSEQUENT EVENTS
The Company evaluated all material events through the date the financials were ready for issuance.
In April 2019, the Company sold securities in a self-directed offering in the aggregate amount of $200,000 at $0.30 per unit. Each unit consisted of 2 shares of restricted common stock (1,333,332 shares) and a five-year warrant to purchase 1 share of restricted common stock (666,666 warrant shares) at $0.20 per share.
On April 18, 2019, the Company issued a convertible note payable in the amount $150,000. This note bears interest at 10% per annum and matures on December 31, 2019. This note and accrued interest may convert into shares of common stock at $0.12 per share any time at the holder’s option or automatically upon maturity provided the 20-day volume weighted average price per share of the Company’s common stock upon maturity is at least $0.12 per share. This note was also issued with a detachable warrant to purchase 500,000 shares of stock at $0.20 per share.
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://fasb.org/us-gaap/role/ref/legacyRef