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NOTE 13. SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2018
Subsequent Events [Abstract]  
NOTE 13. SUBSEQUENT EVENTS

NOTE 13.  SUBSEQUENT EVENTS

 

On February 11, 2019, Discover Growth Fund LLC converted its $717,391 OID note and accrued interest, originally entered into on August 7, 2018 through the Company’s issuance of 34,838,350 shares of its common stock. This note converted at 0.01560 per share.

 

On February 12, 2019, after effectiveness of its registration statement the Company entered into the second tranche of funding from the Discover Growth Fund, LLC for $2,000,000 of which funds were utilized in the cash component of the Service 800, Inc transaction.

 

On March 4, 2019, Beyond Commerce, Inc. closed the Transaction between Beyond Commerce, Inc. and Service 800, Inc. Upon the closing of the business combination, Jean Mork Bredeson, Founder and President of Service 800, Inc., received $2,100,000 in cash, and $2,100,000 in a three year 5.5% promissory note. The $2,100,000 promissory note is personally guaranteed by George Pursglove which in turn will be Geordan Pursglove since the passing of the former CEO. Upon the closing of the business combination between Beyond Commerce and Service 800, Beyond Commerce received 100% of Service 800 stock, assets consisting of the company’s website, customer lists, current customer base, customer’s in the company’s pipeline and proprietary software.

 

On March 7, 2019, the Company provided 3,981,526 shares Discover Growth Fund, LLC of which shares were utilized in the stock component of the Service 800, Inc transaction.

 

On March 12, 2019, the Company provided an additional 29,160,000 shares Discover Growth Fund, LLC of which shares were utilized in the stock component of the Service 800, Inc transaction.