Annual report pursuant to Section 13 and 15(d)

Subsequent Events

Subsequent Events
12 Months Ended
Dec. 31, 2019
Subsequent Events [Abstract]  



Common shares issued for cash


In connection with subscription agreements dated January 13, 2020 and February 18, 2020, the Company received cash proceeds of $280,000 from an investor for the purchase of 7,000,000 shares of the Company's common stock at $0.04 per share.


Shares issued for services


On February 20, 2020 and effective March 1, 2020, the Company entered into a six-month consulting agreement with an entity for investor relations services. In connection with this consulting agreement, the Company issued 1,250,000 restricted common shares of the Company to the consultant. These shares vest immediately. These shares were valued at $80,000, or $0.064 per common share, based on quoted closing price on the date of grant. In connection with this consulting agreement, the Company shall record stock-based professional fees of $80,000 over the term of the agreement.


Shares issued for debt conversion


On March 9, 2020, the Company issued 200,000 common shares upon conversion of accrued interest of $5,870 and fees of $250.