XML 69 R57.htm IDEA: XBRL DOCUMENT v3.20.2
CONVERTIBLE NOTES (Details Narrative) - USD ($)
1 Months Ended 12 Months Ended
Jul. 07, 2020
Mar. 12, 2020
Feb. 13, 2020
Jan. 08, 2020
Dec. 13, 2019
Aug. 31, 2020
Aug. 18, 2020
Jul. 23, 2020
Jul. 17, 2020
Feb. 19, 2020
Aug. 31, 2020
Dec. 13, 2020
Dec. 09, 2019
Nov. 18, 2019
Net proceeds from note                     $ 592,647      
Original issue discount           $ 125,440         125,440      
One day loss due to convertible feature                     64,584      
Dividends                     $ 0      
Marketability discount                     30.00%      
Warrants issued           68,163,661         68,163,661      
Warrant exercise price, per share                        
Peak One Opportunity Fund L.P.                            
Convertible note, interest rate         10.00%                  
Term of note         1 year                  
Maturity date         Dec. 09, 2020           Dec. 09, 2022      
Net proceeds from note                     $ 65,312      
Holder consideration         $ 76,500                  
Cash received from note         65,312                  
Legal expenses and due diligence fees         $ 11,188                  
Shares issued for conversion of notes         1,096,846                  
Conversion terms         The convertible note has prepayment and conversion features. The conversion price shall equal to the lesser of (a) $10.00 or (b) Sixty percent (60%) of the lowest closing bid price (as reported by Bloomberg LP) of the Common Stock for the twenty (20) Trading Days immediately preceding the date of the date of conversion of the Debentures (provided, further, that if either the Company is not DWAC Operational at the time of conversion or the Conversion Price is less than $0.01 per share, then Sixty percent (60%) shall automatically adjust to Fifty percent (50%) of the lowest closing bid price (as reported by Bloomberg LP) of the Common Stock for the twenty (20) Trading Days immediately preceding the date of conversion of the Debenture),                  
Common stock issued for warrant exercises         3,250,000                  
Risk-free Interest Minimum                            
Risk-free interest rate                     12.00%      
Risk-free Interest Maximum                            
Risk-free interest rate                     17.00%      
Volatility Rate Minimum                            
Expected volatility                     64.40%      
Volatility Rate Maximum                            
Expected volatility                     82.90%      
EMA Financial, LLC                            
Convertible note, principal amount                           $ 250,000
Convertible note, interest rate           10.00%                
Term of note           9 months                
Maturity date           Aug. 18, 2020         Aug. 18, 2020      
Net proceeds from note                     $ 64,737      
Original issue discount                           21,667
Outstanding principal amount $ 65,093                         $ 75,000
Holder consideration           $ 68,500                
Cash received from note           64,737                
Legal expenses and due diligence fees           $ 3,763                
Shares issued for conversion of notes 150,000                          
Interest rate, upon default                           24.00%
Conversion terms           The conversion price shall equal the lower of: (i) the lowest closing price during the preceding 20 trading day period ending on the latest complete trading day prior to the Issue Date of this Note (the ?Closing Price?) or (ii) 55.0% of the lowest traded price for the common stock on the principal market during the 20 consecutive trading Days on which at least 100 shares of common stock were traded including and immediately preceding the Conversion Date.                
Warrants issued           30,000         30,000      
Warrant exercise price, per share           $ 12.5         $ 12.5      
Peak One Opportunity Fund L.P.                            
Convertible note, principal amount                         $ 235,000  
Original issue discount                         23,500  
Outstanding principal amount                         $ 85,000  
Warrants issued           579,678         579,678   10,000  
Warrant exercise price, per share           $ 0.02         $ 0.02   $ 10.0  
Warrant shares converted, percent           87.00%         87.00%      
Crown Bridge Tranche I                            
Convertible note, principal amount       $ 121,500                    
Convertible note, interest rate       10.00%                    
Term of note       1 year                    
Maturity date                     Jan. 08, 2021      
Net proceeds from note                     $ 34,992      
Original issue discount       $ 12,000                    
Outstanding principal amount       40,500                    
Holder consideration       36,500                    
Cash received from note       34,992                    
Legal expenses and due diligence fees       $ 1,508                    
Interest rate, upon default       15.00%                    
Conversion terms       The Conversion Price shall be the lesser of (i) the lowest closing price of the Common Stock during the previous twenty (20) Trading Day period ending on the latest complete Trading Day prior to the date of this Note or (ii) the Variable Conversion Price (as defined herein) (subject to equitable adjustments for stock splits, stock dividends or rights offerings by the Borrower relating to the Borrower’s securities or the securities of any subsidiary of the Borrower, combinations, recapitalization, reclassifications, extraordinary distributions and similar events) (also subject to adjustment as further described herein). The "Variable Conversion Price" shall mean 60% multiplied by the Market Price (as defined herein) (representing a discount rate of 40%). “Market Price” means the lowest one (1) Trading Price (as defined below) for the Common Stock during the twenty (20) Trading Day period ending on the last complete Trading Day prior to the Conversion Date. “Trading Price” means, for any security as of any date, the lesser of the (i) lowest traded price and (ii) lowest closing bid price on the Over-the-Counter Pink Marketplace, OTCQB, or applicable trading market (the “Principal Market”)                    
Warrants issued       4,680                    
Warrant exercise price, per share       $ 12.5                    
Crown Bridge Tranche II                            
Maturity date               Jan. 08, 2021     Jul. 23, 2021      
Net proceeds from note                     $ 34,292      
Outstanding principal amount               $ 50,000            
Holder consideration               47,500            
Cash received from note               42,987            
Legal expenses and due diligence fees               $ 4,513            
Auctus Capital Partners, LLC                            
Convertible note, principal amount                       $ 75,000    
Convertible note, interest rate         10.00%                  
Term of note         9 months                  
Maturity date         Sep. 30, 2020                  
Outstanding principal amount                       $ 75,000    
Cash received from note         $ 59,342                  
Legal expenses and due diligence fees         $ 15,658                  
Interest rate, upon default                       24.00%    
Conversion terms         The conversion price is the lesser of: (i) the lowest closing price of the Common Stock during the previous twenty (20) Trading Day period ending on the latest complete Trading Day prior to the date of this Note, and (ii) the Variable Conversion Price (as defined herein) (subject to equitable adjustments for stock splits, stock dividends or rights offerings by the Borrower relating to the Borrower’s securities or the securities of any subsidiary of the Borrower, combinations, recapitalization, reclassifications, extraordinary distributions and similar events). The “Variable Conversion Price” shall mean 60% multiplied by the Market Price (as defined herein) (representing a discount rate of 40%). “Market Price” means the lowest Trading Price (as defined below) for the Common Stock during the twenty (20) Trading Days on which at least 100 shares of Common Stock were traded including and immediately preceding the Conversion Date.                  
East Capital Investment Corporation                            
Convertible note, principal amount     $ 50,000                      
Convertible note, interest rate     10.00%                      
Term of note     1 year                      
Maturity date     Feb. 13, 2021               Feb. 13, 2021      
Net proceeds from note                     $ 43,492      
Cash received from note     $ 43,492                      
Legal expenses and due diligence fees     $ 6,508                      
Conversion terms     The conversion price shall equal to a price which is a 40% discount to the lowest trading price in the ten (10) days prior to the day that the Holder requests conversion, unless otherwise modified by mutual agreement between the Parties.                      
Fidelis Capital, LLC                            
Convertible note, principal amount                   $ 50,000        
Convertible note, interest rate                   10.00%        
Term of note                   1 year        
Maturity date                   Feb. 19, 2021 Feb. 19, 2021      
Net proceeds from note                     $ 43,487      
Cash received from note                   $ 43,487        
Legal expenses and due diligence fees                   $ 6,513        
Conversion terms                   The conversion price shall equal to a price which is a 40% discount to the lowest trading price in the ten (10) days prior to the day that the Holder requests conversion, unless otherwise modified by mutual agreement between the Parties.        
Arrmada Partners                            
Convertible note, principal amount   $ 38,500                        
Convertible note, interest rate   10.00%                        
Term of note   1 year                        
Maturity date   Mar. 12, 2021                 Mar. 12, 2021      
Net proceeds from note                     $ 32,992      
Original issue discount   $ 3,500                        
Outstanding principal amount   38,500                        
Holder consideration   35,000                        
Cash received from note   32,992                        
Legal expenses and due diligence fees   $ 2,008                        
Conversion terms   The conversion price shall equal to a price which is a 40% discount to the lowest trading price in the ten (10) days prior to the day that the Holder requests conversion, unless otherwise modified by mutual agreement between the Parties                        
Warrants issued   4,200                        
Warrant exercise price, per share   $ 12.50                        
EMA Financial, LLC                            
Convertible note, principal amount                 $ 50,000          
Convertible note, interest rate                 10.00%          
Term of note                 1 year          
Maturity date                 Jul. 01, 2021   Jul. 17, 2021      
Net proceeds from note                     $ 42,987      
Original issue discount                 $ 2,500          
Outstanding principal amount                 50,000          
Holder consideration                 47,500          
Cash received from note                 42,987          
Legal expenses and due diligence fees                 $ 4,513          
Conversion terms                 The conversion price shall equal the lower of: (i) the lowest closing price during the preceding 20 trading day period ending on the latest complete trading day prior to the Issue Date of this Note (the “Closing Price”) or (ii) 60.0% of the lowest traded price for the common stock on the principal market during the 20 consecutive trading immediately preceding the Conversion Date.          
Power Up Lending Group Ltd.                            
Convertible note, principal amount                 $ 130,000          
Convertible note, interest rate                 10.00%          
Term of note                 1 year          
Maturity date                 Jul. 24, 2021          
Outstanding principal amount                 $ 130,000          
Holder consideration                 130,000          
Cash received from note                 116,079          
Legal expenses and due diligence fees                 $ 13,921          
Conversion terms                 The conversion price shall equal the lower of: (i) the lowest closing price during the preceding 20 trading day period ending on the latest complete trading day prior to the Issue Date of this Note (the “Closing Price”) or (ii) 60.0% of the lowest traded price for the common stock on the principal market during the 20 consecutive trading immediately preceding the Conversion Date.          
Power Up Lending Tranche II                            
Convertible note, principal amount             $ 63,000              
Convertible note, interest rate             10.00%              
Term of note             1 year              
Maturity date             Aug. 18, 2021       Aug. 18, 2021      
Net proceeds from note                     $ 54,939      
Outstanding principal amount             $ 63,000              
Holder consideration             63,000              
Cash received from note             54,939              
Legal expenses and due diligence fees             $ 8,061              
Conversion terms             The conversion price shall equal the lower of: (i) the lowest closing price during the preceding 20 trading day period ending on the latest complete trading day prior to the Issue Date of this Note (the “Closing Price”) or (ii) 60.0% of the lowest traded price for the common stock on the principal market during the 20 consecutive trading immediately preceding the Conversion Date .