SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2021

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 16. SUBSEQUENT EVENTS

Series 1A Preferred Stock Conversion

On July 15, 2021, TubeSolar converted 60 outstanding shares of Series 1A Preferred Stock into 600,000,000 shares of Common Stock.  

Common Stock Purchase Agreement

On August 2, 2021, the Company entered into a common stock purchase agreement (“Common Stock SPA”) with BD 1 for the placement of 666,666,672 shares of the Company’s Common Stock at a fixed price of $0.015 per share. The first tranche of 333,333,336 shares will close on or before August 31, 2021 and the second tranche of 333,333,336 shares will close on or before October 31, 2021 (if the Company has authorized but unissued Common Stock sufficient to issue all of the second tranche shares) or within five business days after the effective date of when the Company has sufficient unissued Common Stock.