XML 49 R38.htm IDEA: XBRL DOCUMENT v3.8.0.1
Subsequent Events (Details Narrative) - USD ($)
1 Months Ended
Oct. 12, 2017
Oct. 11, 2017
Oct. 10, 2017
Oct. 27, 2017
Oct. 25, 2017
Oct. 19, 2017
Sep. 27, 2017
Sep. 30, 2017
Mar. 31, 2017
Dec. 19, 2014
Convertible notes payable, net of discount               $ 420,885 $ 1,271,727  
Cash               211,789 125  
Subsequent Event [Member]                    
Common stock shares issued       5,555,553            
Principal amount of debt, converted       $ 15,000            
Johnny Bolton [Member] | Subsequent Event [Member] | Stock Purchase Agreement [Member]                    
purchase price         $ 2,425,000          
Cash         $ 25,000          
Convertible preferred stock terms of conversion        

HelpComm from the Seller for a total purchase price of $2,425,000, consisting of $25,000 of cash and 100,000 shares of Series D Convertible Preferred Stock, with such series of convertible stock to be designated prior to closing of the acquisition. Each share of Series D Convertible Preferred Stock will be convertible into a number of shares of Company common stock equal to $24.00 divided by the volume-weighted average price of the common stock as reported on OTCMarkets.com on the trading day immediately preceding conversion. The closing of the acquisition is contingent on multiple conditions being satisfied prior to closing, including (i) the designation of the Series D Convertible Preferred Stock, (ii) the representations and warranties of each of the parties in the Stock Purchase Agreement being true and complete as of the closing date, (iii) new employment agreements with employees of HelpComm being executed on terms agreeable to the parties at or prior to closing, (iv) the parties agreeing as to the payment of liabilities of the Seller associated with HelpComm prior to closing, (v) the Seller completing his analysis of certain taxation issues prior to closing, (vi) the Company completing its review of HelpComm’s books and records and concluding its assessment of HelpComm’s auditability, and (vii) other customary closing conditions.

         
Johnny Bolton [Member] | Subsequent Event [Member] | Stock Purchase Agreement [Member] | Series D Preferred Stock [Member]                    
Convertible preferred stock upon conversion shares         100,000          
DarkPulse [Member] | Subsequent Event [Member]                    
Terms of strategic alliance agreement description          

Receive 20% of project revenue for DarkPulse’s “Five Deployments Eurasian Mining Project,” and 10% of project revenue for two additional DarkPulse agency agreements more specifically described in the Addendum

       
Letter of Intent [Member] | Crucial Trak [Member] | Subsequent Event [Member]                    
Joint venture description    

(1) the joint venture will be owned 65% by CrucialTrak and 35% by the Company, (2) the Company will provide the joint venture a line of credit for up to $5,000,000, repayable with annual interest not exceeding 8%, for the period of 18 months beginning November 1, 2017, and on terms mutually agreeable to the joint venture and the Company, and (3) the joint venture will have a first right of refusal on access to all formally reported projects and the right to distribute CrucialTrak’s products in the government, military and critical infrastructure/key resources market segments.

             
Repayble line of credit     $ 5,000,000              
Letter of Intent [Member] | DarkPulse [Member]                    
Joint venture description            

(1) the joint venture will be owned 60% by DarkPulse and 40% by the Company, (2) the Company will provide the joint venture a line of credit for up to $5,000,000, repayable on terms mutually agreeable to the joint venture and the Company, and (3) the joint venture will have an exclusive right to distribute DarkPulse’s products in the North America, Asia and European government, military and critical infrastructure/key resources market segments.

     
Repayble line of credit             $ 5,000,000      
Convertible Notes Payable [Member]                    
Convertible notes payable, net of discount               $ 420,885 $ 1,271,727 $ 156,000
Convertible Notes Payable [Member] | Subsequent Event [Member] | ThirdParty Investor[Member]                    
Convertible notes payable, net of discount $ 40,111                  
Interest rate 10.00%                  
Conversion description

The note is convertible at any time following ninety (90) days after the Issue Date of the note into a variable number of the Company’s common stock, based on a conversion ratio of 60% of the average of the three lowest trading prices for the 20 days prior to conversion.

                 
Strategic Alliance Agreement [Member]                    
Commission received   20.00%