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SUBSEQUENT EVENTS
9 Months Ended
Sep. 30, 2020
SUBSEQUENT EVENTS  
NOTE 16 - SUBSEQUENT EVENTS

On October 5, 2020, Grigorios Siokas, Chief Executive Officer of the Company entered into a 12-month advisory agreement with PGS Ventures B.V. (the “Advisor”) to provide advisory and consulting services to Mr. Siokas and assist with strategic analysis of the Company’s business objectives for the North American capital markets. Mr. Siokas will pay the Advisor $8,000 per month payable in shares of common stock until such time as the Company completes a listing on the NEO Exchange in Canada. Thereafter, the monthly fee shall be $10,000, payable $5,000 in cash by the Company and $5,000 in stock and other considerations by Mr. Siokas  

 

Additionally, Peter Goldstein, the Director and principal of the Advisor, was appointed Executive Director to the Company’s Board of Directors effective October 15,2020. Peter Goldstein’s compensation is described above under the advisory agreement.