Quarterly report pursuant to Section 13 or 15(d)

SUBSEQUENT EVENTS

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SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2020
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

In accordance with authoritative guidance, the Company has evaluated any events or transactions occurring after June 30, 2020, the balance sheet date, through the date of filing of this report and note that there have been no such events or transactions that would require recognition or disclosure in the unaudited condensed consolidated financial statements as of and for the quarter ended June 30, 2020, except as disclosed below.

  

Common Stock issued for services

 

On July 1, 2020, the Company entered into a consulting agreement for corporate legal advisor services. The consultant shall receive compensation of 750,000 shares of the Company’s Common Stock for services rendered and to be rendered until September 30, 2020.

  

Conversion of Notes

 

On July 17, 2020, the Company issued 708,148 shares of its common stock at a contractual conversion price of approximately $0.09, as a result of the conversion of principal of $47,000 and interest of $3,760 of the convertible note.