16. Subsequent Events

12 Months Ended

Dec. 31, 2018

Subsequent Events [Abstract]

Subsequent Events

16. SUBSEQUENT EVENTS

On February 22, 2019, the Company designated 2,000,000 shares of its Preferred Stock as 10% Series A Convertible preferred stock, par value $0.001 per share (“Series A”). On each of February 27, 2019 and March 11, 2019, the Company received $400,000, or a total of $800,000, in proceeds from the sale of 400,000 shares of Series A to each accredited investor in a private offering pursuant to Section 4(a)(2) and/or Rule 506(b) of Regulation D, as promulgated under the Securities Act, As an inducement to purchase the Series A Stock, each investor also received 2,000,000 restricted shares of the Company’s common stock.

On April 2, 2019 we received an addition $125,000 in proceeds from the sale of 125,000 shares of Series A to one of the same accredited investors made the February 22^nd purchase. In connection with this purchase the investor received 625,000 restricted shares of the Company’s common stock.

The Series A Stock is convertible, at any time, into five shares of common stock of the Company.