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NOTE 11 - SHAREHOLDERS' EQUITY
9 Months Ended
Sep. 30, 2019
Notes  
NOTE 11 - SHAREHOLDERS' EQUITY

NOTE 11 – SHAREHOLDERS’ EQUITY

 

The Company’s authorized capital consists of 100,000,000 shares of common stock with a par value of $0.001 per share.

 

During the nine months ended September 30, 2019, the Company issued 1,081,063 shares of common stock as follows;

 

·        661,216 shares in conjunction with convertible notes. 

·        76,335 shares for conversion of debt of $5,000 (see Note 9) 

·        343,512 shares for acquisition of SwissLink

 

As of September 30, 2019 and December 31, 2018, 16,103,713 and 15,022,650 shares of common stock were issued and outstanding, respectively.

 

During the nine months ended September 30, 2019, $10,000 was contributed to the Company and a shareholder loan of $406,080 was forgiven and the Company recorded them as additional paid in capital.