XML 28 R11.htm IDEA: XBRL DOCUMENT v3.20.2
CONVERTIBLE PREFERRED STOCK
9 Months Ended
Sep. 30, 2020
Preferred Stock, Number of Shares, Par Value and Other Disclosures [Abstract]  
CONVERTIBLE PREFERRED STOCK

NOTE 4 – CONVERTIBLE PREFERRED STOCK

 

The Company is authorized to issue Series A Convertible Preferred Stock, par value of $0.001 per share (the “Series A”) and Series B Convertible Preferred Stock, par value of $0.001 per share (the “Series B”). As of September 30, 2020, there were no shares of Series A outstanding and 0.85 of a share of Series B outstanding convertible into 144,444 shares of common stock. During the nine months ended September 30, 2020 and 2019, 0 and 304,778 shares of Series A, respectively, were converted into 0 and 121,911 shares of the Company’s common stock, respectively. Each share of Series A and Series B has limited voting rights, is entitled to participate with the common stock on liquidation and holders of Series A and Series B are subject to beneficial ownership limitations.