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Change in Going Concern Uncertainty
12 Months Ended
Dec. 31, 2019
Going Concern [Abstract]  
CHANGE IN GOING CONCERN UNCERTAINTY

3. CHANGE IN GOING CONCERN UNCERTAINTY

 

In connection with preparing financial statements for the year ended December 31, 2018, the Company evaluated the relevant conditions and events such as recurring losses from operations and a working capital deficit, and concluded there were substantial doubt about the company's ability to continue as a going concern. For the year ended December 31, 2019, the Company determined that substantial doubt about the Company's ability to continue as a going concern no longer exists. In May 2020, the Company received capital contributions of approximately $1,602,040 in cash from private placements, and the management also agreed to defer salary payments of next twelve months in the amount of $920,000 and previously unpaid salaries of approximately $645,000 to May 2021. In April 2020, convertible notes payable including principal and accrued interest in the aggregate amount of approximately $1,456,780 were converted to common stock, and the note holders and related parties for loans in the aggregate amount of approximately $367,000 agreed not to claim for the repayment of the loans before May 2021. The Company believes it will be able to meet its obligations as they become due within one year after the date that these financial statements are issued. Those factors have resolved the relevant conditions and events that raised substantial doubt about the entity's ability to continue as a going concern.