Share Capital

12 Months Ended

Dec. 31, 2019

Stockholders' Equity Note [Abstract]

Share Capital

Note 7. Share Capital

Common Stock

The Company is authorized to issue 200 million shares of common stock, par value of $0.0001.

During the year ended December 31, 2019, the Company issued shares of common stock as follows:

● 81,933 shares of common stock, with a fair value of $126,760, as additional compensation related to acquisition of Browning.

● 200,000 shares of common stock, with a fair value of $150,000, for consulting services to be provided.

● 100,000 shares of common stock with a fair value of $38,750 for consulting services to be provided

● 179,104 shares of common stock as security against the loan payable to Labrys Fund LP. The shares were received back by the Company for cancellation in February 2020.

● 370,000 shares of common stock for a commitment fee payable to Crownbridge Partners

During the year ended December 31, 2019, 340,000 shares of common stock, issued in December 2018 was returned to the company for cancellation and the related share subscription due was cancelled.

During the year ended December 31, 2018, the Company:

● Issued 9,000 shares of common stock for services with a fair value of $357,750

● Issued 53,334 shares of common stock, with a fair value of $1.4 million, for the acquisition of 51% of Once in a Lifetime

● Issued 4,000 shares of common stock for services provided with a fair value of $204,000

● Issued 20,167 shares of common stock for conversion of convertible note and accrued interest in the amount of $302,500

● Issued 6,889 shares of common stock for conversion of convertible note and accrued interest in the amount of $103,000

● Issued 6,889 shares of common stock for services provided with a fair value of $200,000

● Issued 30,000 shares of common stock for exercise of warrants at a price of $18.75 per share.

● Issued 2,000 shares of common stock for services provided with a fair value of $80,000.

● Issued 55,046 shares of common stock, with a fair value of $1,541,285, as part consideration for the acquisition of Love Media House, Inc.

● Issued 4,000 shares of common stock for services to be provided with a fair value of $85,000.

● Issued 9,000 shares of common stock for services to be provided with a fair value of $168,750

● Issued 34,000 shares of common stock for services provided with a fair value of $425,000

● Issued 295,320 shares of common stock, for the acquisition of 51% of Banana Whale Studios Pte., Ltd see note 3.

● Issued 63,000 shares of common stock for services provided with a fair value of $787,500

● Issued 34,000 shares of common stock for exercise of warrants at a price of $12.50 per share

● Issued 24,000 shares of common stock for services provided with a fair value of $306,000

● Issued 12,000 shares of common stock for services provided with a fair value of $150,000

● Issued 70,000 shares of common stock for cash of $5.00 per share

● Issued 74,000 shares of common stock for exercise of warrants at a price of $2.50 per share

● Issued 1,400 shares of common stock, with a fair value of $18,200, for an option to acquire an interest in Browning Productions.

● Issued 61,000 shares of common stock for cash of $114,375

● Issued 39,000 shares of common stock for exercise of warrants at a price of $1.88 per share

● Issued 180,000 shares of common stock for cash of $360,000

● Issued 40,000 shares of common stock for services provided with a fair value of $175,000

● Issued 120,000 shares of common stock for acquisition of software with a fair value of $548,000

● Issued 6,000 shares of common stock, with a fair value of $51,000, for the acquisition of 51% of Browning Productions.

● Issued 222,000 shares of common stock for services provided with a fair value of $1,148,000

● Issued 170,000 shares of common stock for cash of $324,500

● Issued 170,000 shares of common stock for exercise of warrants at a price of $5.00 per share

● Issued 14,176 shares of common stock, with a fair value of $96,000, pursuant to a settlement

● Issued 80,000 shares of common stock, with a fair value of $344,000, as an adjustment to the purchase price of Love Media House, Inc.

● Issued 380,000 shares of common stock for subscription receivable of $1,425,000

Stock Purchase Warrants

As at December 31, 2019, the Company had reserved 2,890 shares of its common stock for the outstanding warrants with weighted average exercise price of $20.00. Such warrants expire at various times through July 2020.

During the year ended December 31, 2019, no warrants were issued or exercised and 4,518 warrants were forfeited.

During the year ended December 31, 2018, 209,000 warrants were issued, 12,099 warrants were forfeited and 347,000 warrants were exercised, for proceeds of $2,096,000.

During the year ended December 31, 2018, the Company agreed to reduce the exercise price on 0.26 million outstanding warrants, which resulted in additional compensation cost of $544,000, in order to obtain additional funding.