|9 Months Ended|
Sep. 30, 2019
|Subsequent Events [Abstract]|
NOTE 7 – SUBSEQUENT EVENTS
In October 2019, the Company received $1,000,000 in subscriptions for an additional 4,000,000 shares of common stock to be issued. As of September 30, 2019, and through the date of the financial statements, the shares have not been issued.
In October 2019, the Company issued one unsecured convertible promissory note aggregating $282,000, bearing interest at 12% per annum, and maturing April 29,2020. The note is convertible at a 40% discount to the price of the Company’s common stock, as defined. In connection with this note, the Company issued 846,000 shares of its common stock to the note holder as a commitment fee.
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