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9. Stockholders' Deficit
12 Months Ended
Dec. 31, 2019
Equity [Abstract]  
Stockholders' Deficit

NOTE9    STOCKHOLDERS’ DEFICIT

 

Authorized stock

 

The Company’s authorized share is 500,000,000 common shares with a par value of $0.001 per share.

 

Common stock outstanding

 

On July 19, 2019, the Company issued 6,232,951 shares of its common stock to complete the acquisition of a subsidiary for its 51%, at the price of $8.99 per share. This acquisition transaction was mutually agreed to terminate on December 23, 2019 and these shares were fully returned and cancelled accordingly.

 

Concurrently, on July 19, 2019, the Company issued 1,074,647 shares of its common stock an independent consultant for business service in a term of 24 months, at a price of $8.99 per share. This transaction was mutually agreed to terminate by both parties and those shares were subsequently cancelled.

 

On December 24, 2019, the Company issued 44,000 shares of common stocks for service rendered in relation to AI Education business.

 

As of December 31, 2019 and 2018, the Company had a total of 21,536,933 and 21,492,933 shares of its common stock issued and outstanding, respectively.