NOTE 6. STOCK BASED COMPENSATION |
6 Months Ended |
|---|---|
Jun. 30, 2017 | |
| Equity [Abstract] | |
| NOTE 5. STOCK BASED COMPENSATION | NOTE 6. STOCK BASED COMPENSATION For the six months ended June 30, 2017 and 2016, $246,858 and $189,795 of stock compensation were charged to operating expenses, respectively. $1,703,984 and $1,450,842 were recorded as deferred compensation on June 30, 2017 and December 31, 2016, respectively. ATI Modular entered into an employment lock-up agreement on July 1, 2016 with Alton Perkins to serve as the Chairman of the Board, President, Chief Executive Officer, Chief Financial Officer and Secretary. The term of Mr. Perkins' agreement is five years with ATI Modular retaining an option to extend in one-year periods. In consideration for Mr. Perkins' services, ATI Modular has agreed to issue to his designee, the Alton & Xiang Mei Lin Perkins Family Trust, 10,000,000 shares of common stock. ATI Modular may elect in the future to include money compensation to Mr. Perkins or his designee for his services provided there is sufficient cash flow. On June 20, 2017, the Company signed the “First Amendment Employment Agreement with Alton Perkins amending the original Employment Agreement dated November 21, 2014. The new Agreement lifts up any lock-up provisions related to shares issued to Alton Perkins or its designee. In addition, in accordance with the new Agreement, the Company issued Alton Perkins additional 10,000,000 shares of restricted common stock and extend his employment until June 19, 2022. |