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Subsequent Events
3 Months Ended
Mar. 31, 2020
Subsequent Events [Abstract]  
Subsequent Events

NOTE 12 - SUBSEQUENT EVENTS

 

From April 1, 2020 to May 13, 2020, the Company elected to convert $1,400 of principal and interest of non-redeemable convertible notes into 14,000,000 shares of common stock of the Company with a fair value of $267,500.

 

From April 1, 2020 to May 13, 2020, the Company issued 6,000,000 shares of common stock for stock based compensation for consulting services with a fair value of $300,000.

 

From April 1, 2020 to May 13, 2020, the Company issued 8,000,000 shares of common stock for stock based compensation due to officer and directors with a fair value of $176,800.

 

On April 14, 2020, the Company issued 2,000,000 shares of common stock with a fair value of $111,800 to fully settle the 1,000,000 warrants issued in conjunction with the issuance of the Senior Convertible Note with Firstfire Global Opportunities Fund, LLC on March 1, 2019. The issue of the shares resulting in a loss on settlement of warrant liability of $70,299.

 

On May 7, 2020, The Company issued 11,111,111 shares of common stock with a fair value of $200,000 for a one year subscription to an online marketing platform to support the GoCart grocery delivery application.

 

COVID-19

 

The recent outbreak of the coronavirus COVID-19 has spread across the globe and is impacting worldwide economic activity. Conditions surrounding the coronavirus continue to rapidly evolve and government authorities have implemented emergency measures to mitigate the spread of the virus. The outbreak and the related mitigation measures have had and will continue to have a material adverse impact on global economic conditions as well as on the Company's business activities. The extent to which COVID-19 may impact the Company's business activities will depend on future developments, such as the ultimate geographic spread of the disease, the duration of the outbreak, travel restrictions, business disruptions, and the effectiveness of actions taken in the Canada, United States and other countries to contain and treat the disease. These events are highly uncertain and, as such, the Company cannot determine their financial impact at this time. No adjustments have been made to the amounts reported in these condensed consolidated financial statements as a result of this matter.