XML 18 R9.htm IDEA: XBRL DOCUMENT

SOFTWARE TECHNOLOGY	6 Months Ended
Jun. 30, 2020
Notes to Financial Statements
SOFTWARE TECHNOLOGY	NOTE 3 – SOFTWARE TECHNOLOGY The Company entered into an agreement with the Software Group in January of 2020. The Company issued 32,000,000 restricted common shares to the four members of the Software Group as general consideration. The Company also issued 325,000,000 million common shares to an escrow agent. Pursuant to the terms of the agreement the escrow agent will transfer 125,000 million shares to the Software Group upon the Company receiving a working version of the software and necessary support documentation, after testing, acceptance, and license transfer of the software. Further transfer of 100 million shares held by the escrow agent will be based on gross sales of $1 million being reached in a consecutive twelve-month period within 3 years, and a further 100 million shares after gross sales of $5 million being reached in a consecutive twelve-month period within 5 years. All shares issued were restricted.

SOFTWARE TECHNOLOGY

6 Months Ended

Jun. 30, 2020

NOTE 3 – SOFTWARE TECHNOLOGY

The Company entered into an agreement with the Software Group in January of 2020. The Company issued 32,000,000 restricted common shares to the four members of the Software Group as general consideration. The Company also issued 325,000,000 million common shares to an escrow agent. Pursuant to the terms of the agreement the escrow agent will transfer 125,000 million shares to the Software Group upon the Company receiving a working version of the software and necessary support documentation, after testing, acceptance, and license transfer of the software. Further transfer of 100 million shares held by the escrow agent will be based on gross sales of $1 million being reached in a consecutive twelve-month period within 3 years, and a further 100 million shares after gross sales of $5 million being reached in a consecutive twelve-month period within 5 years. All shares issued were restricted.