Subsequent events

12 Months Ended

Dec. 31, 2019

Subsequent Events [Abstract]

Subsequent events

21. Subsequent events

Between January 10, 2020 and January 24, 2020, in terms of conversion notices received from Power up, the Company converted the aggregate principal sum of $53,000 and interest thereon of $1,085 into 75,618,509 shares of common stock, thereby extinguishing the note.

Between January 24, 2020 and February 27, 2020, in terms of conversion notices received from Power up, the Company converted the aggregate principal sum of $41,400 into 453,800,493 shares of common stock.

Between January 6, 2020 and February 26, 2020, in terms of conversion notices received from First Fire Global Opportunities Fund, the Company converted the aggregate principal sum of $83,902 into 308,100,000 shares of common stock, thereby extinguishing the note.

Between January 15, 2020 and February 24, 2020, in terms of conversion notices received from Labrys Fund LP, the Company converted the aggregate principal sum of $8,936 and interest thereon of $138,109 into 479,160,076 shares of common stock, thereby extinguishing the note.

Between January 6, 2020 and February 13, 2020, Leonite Capital, LLC converted a total of 125,609,759 warrants through a cashless exercise option into 103,000,000 shares of common stock.

Subsequent to year end, in terms of the Deed of transfer an additional $36,470 of expenses were incurred relating to the disposal of the property, these expenses were added to the Leonite convertible loan balance outstanding.

The Company intends to continue its operations at a new location in west Palm Beach. A Letter of Intent ("LOI") was signed on February 7, 2020, with a third party that has a property lease and a pending license at its new location. The Company originally anticipated recommencing operations in February 2020, however it has been adversely affected by the COVID-19 pandemic. The LOI requires the Company to provide a working capital loan of up to $500,000. The ability to secure financing has been delayed by the pandemic. The Company is expecting to complete the working capital financing and to close the acquisition of the third party during the next month and to begin operations at the new location shortly thereafter.