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SUBSEQUENT EVENTS AFTER SEPTEMBER 30, 2018
9 Months Ended
Sep. 30, 2018
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS AFTER SEPTEMBER 30, 2018

NOTE 10: SUBSEQUENT EVENTS AFTER SEPTEMBER 30, 2018

The Company has evaluated subsequent events that occurred through the date of the filing of the Company's third quarter 2018 Form 10-Q and has determined there are the following subsequent events requiring disclosure:

On October 16, 2018, the Company issued 500,000 shares of restricted common stock for $125,000 donated to Triton Funds LLC.

On January 2, 2019, Eagle Equities, LLC declared a default of the convertible promissory note issued to them on July 3, 2018 by the Company as a result of the Company’s failure to file on time its quarterly report on Form 10-Q for the period ended September 30, 2018. In doing so, Eagle Equities invoked retroactive 22% default interest and also put into effect certain penalties under to the note, which led to their increasing the outstanding balance of the note to $140,000 (including $12,236 accrued interest) at January 22, 2019, the date at which M Svorai Investments, Inc., a related party to the Company, reached an agreement with Eagle Equities, LLC to purchase the note from Eagle Equities, LLC in order to avoid further actions that may be taken by Eagle Equities, LLC as a result of the default.

On January 24, 2019, the Company issued 60,000,000 shares of its common stock by converting 60,000 Series A Preferred Stock held by Dror Svorai, an individual and sole Director and President of the Company.

On February 1 2019, the Company issued 12,000,000 restricted shares of common stock valued at the conversion price of $0.013. The shares were issued to four unrelated parties which in aggregate purchased and converted $210,000 of the principal amount not including accrued and unpaid interest of a Note dated, September 11, 2018 which was issued to FirstFire Global Opportunities Fund, LLC

On February 4, 2019, the Company issued 5,162,242 restricted shares of common stock valued at the conversion price of $0.02712. The shares were issued to convert $100,000 of the principal amount and $40,000 of accrued and unpaid interest and penalties on the Note dated as of July 3, 2018 to Eagle Equities, LLC, which Note was purchased from Eagle Equities, LLC by a related party on January 22, 2019, which converted the Note in full.

On December 14, 2018, the Company was served on a litigation filed by Salcido Enterprises LLC, Index No. 18-01082 at the Supreme Court of the State of New York, County of Greene. On November 15, 2018 Northway Mining, LLC sold to Plaintiff certain number of cryptomining computers for $238,700. The Plaintiff sued the Company for failure to deliver the computers on time. On January 10, 2019 the Company received from the Plaintiff a Notice of Discontinuance of the litigation Without Prejudice.  No further actions is expected.

On December 24, 2018, the Company, through Northway Mining, LLC, borrowed $486,500 from Ultegra Financial Partners, Inc., under weekly payments starting on December 28, 2018. The Company failed to make certain payments on time. As a result, on February 11, 2019, Ultegra Financial Partners, Inc. filed a lawsuit against the Company demanding payment of the loan in addition to default charges.  At the time of filing of this 2018 Q3, a settlement has been reached and the withdrawal of the litigation is anticipated.

On January 16, 2019, The Company through Northway Mining, LLC, borrowed $45,000 from Grand Capital Funding, under daily payments starting on January 7, 2019. The Company failed to make certain payments on time. As a result, on February 20, 2019, Grand Capital filed a lawsuit against the Company demanding payment of the loan in addition to default charges.  A settlement has been reached and the litigation is expected to be resolved.