XML 40 R29.htm IDEA: XBRL DOCUMENT v3.19.1
Change in Control (Tables)
12 Months Ended
Dec. 31, 2018
Change In Control  
Schedule of Company's Voting Common Stock

To summarize the above for purposes of illustration assuming the Notes and shares of Preferred Stock are converted in the Company’s voting common stock:

Fully Diluted
Number Percentage
Current company shareholders        22,900,000        2.2 %
Note conversion ($500,000) 24,300,000 2.4 %
Note conversion ($100,000) 4,900,000 0.5 %
Preferred stock conversion 72,900,000 7.1 %
Subsequent loans (18,500,000) 898,538,525 87.8 %
Total Outstanding 1,023,538,525       100.0 %

(1)        $4,400,000 remains of the $23,500,000 Xenith has the right to loan to us, which if also fully converted would result in the issuance of an additional 220,000,000 shares of our voting common stock. Upon full conversion of all loans and preferred stock, Xenith would own approximately 98% of our issued and outstanding voting common stock.