SUBSEQUENT EVENTS

9 Months Ended

Sep. 30, 2020

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

NOTE 13SUBSEQUENT EVENTS

Standby Equity Distribution Agreement and Repayments of the Notes Payable

Subsequent to September 30, 2020, the Company received cash of $40,000 in satisfaction of subscriptions receivable as of September 30, 2020 and the Company issued 31,250 shares of common stock pursuant to the SEDA (see Note 6 – Accrued Issuable Equity, Accrued Issuable Equity for Subscriptions Receivable and Note 10 - Stockholders' Deficiency).

Subsequent to September 30, 2020, the Company issued an aggregate of 89,285 shares of additional common stock at a price of $1.12 per share pursuant to new advance notices submitted to the Investor under the SEDA. The entire proceeds of $100,000 were withheld by YAII to pay down a portion of the Notes (see Note  11  - Stockholders' Deficiency, Standby Equity Distribution Agreementand Note 8 - Notes Payable).

Subsequent to September 30, 2020, the Company made cash payments totaling $250,000 to pay down a portion of the Notes.

Subsequent to September 30, 2020, the Company issued 76,453 shares of restricted common stock in satisfaction of $100,000 of accrued issuable pursuant to a services agreement.