Share Capital

9 Months Ended

Sep. 30, 2018

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 per share.

During the nine months ended September 30, 2018 the Company:

● Issued 225,000 shares of common stock for services with a fair value of $357,750

● Issued 1,333,334 shares of common stock, with a fair value of $1.4 million, for the acquisition of 51% of Once in a Lifetime

● Issued 100,000 shares of common stock for services provided with a fair value of $204,000

● Issued 504,167 shares of common stock for conversion of convertible note and accrued interest in the amount of $302,500

● Issued 172,222 shares of common stock for conversion of convertible note and accrued interest in the amount of $103,000

● Issued 172,222 shares of common stock for services provided with a fair value of $200,000

● Issued 750,000 shares of common stock for exercise of warrants at a price of $0.75 per share.

● Issued 50,000 shares of common stock for services provided with a fair value of $80,000.

● Issued 1,376,147 shares of common stock, with a fair value of $1,541,285, as part consideration for the acquisition of C-Rod, Inc.

● Issued 100,000 shares of common stock for services to be provided with a fair value of $85,000.

● Issued 225,000 shares of common stock for services to be provided with a fair value of $168,750

● Issued 850,000 shares of common stock for services provided with a fair value of $425,000

● Issued 7,383,000 shares of common stock, with a fair value of $4,983,000, for the acquisition of 51% of Banana Whale Studios Pte., Ltd

● Issued 1,575,000 shares of common stock for services provided with a fair value of $787,500

● Issued 850,000 shares of common stock for exercise of warrants at a price of $0.50 per share

● Issued 600,000 shares of common stock for services provided with a fair value of $306,000

● Issued 300,000 shares of common stock for services provided with a fair value of $150,000

● Issued 1,750,000 shares of common stock for cash of $0.20 per share

● Issued 1,850,000 shares of common stock for exercise of warrants at a price of $0.10 per share

● Issued 35,000 shares of common stock, with a fair value of $18,200, for an option to acquire an interest in an acquisition target.

● Issued 1,525,000 shares of common stock for cash of $114,375

● Issued 975,000 shares of common stock for exercise of warrants at a price of $0.075 per share

● Issued 4,500,000 shares of common stock for cash of $360,000

● Issued 1,000,000 shares of common stock for services provided with fair value of $175,000

Stock Purchase Warrants

As at September 30, 2018, the Company had reserved 330,869 shares of its common stock for the outstanding warrants with weighted average exercise price of $15.88. Such warrants expire at various times up to July 2020.

During the nine months ended September 30, 2018, 155,518 warrants were forfeited, 4,425,000 warrants were exercised, for proceeds of $1,246,000.

After September 30, 2018, the Company sold 4,250,000 units, each consisting of one share of common stock and one warrant to purchase an additional share of common stock for total proceeds of $425,000 and issued 2,000,000 shares of common stock that were exercised for total proceeds of $400,000

During the nine months ended September 30, 2018, the Company agreed to reduce the exercise price on 2.7 million outstanding warrants, which resulted in additional compensation cost of $544,000, in order to obtain additional funding.