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Subsequent Events | 3 Months Ended
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Mar. 31, 2019
Notes |
Subsequent Events | NOTE 14 – SUBSEQUENT EVENTS Subsequently on April 9, 2019 we entered into a convertible note payable for $53,000, with a maturity date of February 13, 2020, which accrues interest at the rate of 12% per annum. It is not convertible six months after its issuance and has a conversion rate of fifty-eight percent (65%) of the average of the two lowest trading prices (as reported by Bloomberg LP) of our common stock for the fifteen (15) Trading Days immediately preceding the date of conversion. On April 30, 2019 our Board of Directors approved to increase the number of authorized shares of the Corporation’s common stock, par value $.001 per share from 800,000,000 to 2,000,000,000 shares. Although this has been approved, it is still pending shareholder approval and after filing the 14C it will not be effective until 20 days after that time. In accordance with ASC 855, the Company has analyzed its operations subsequent to March 31, 2019 through the date these financial statements were issued, and has determined that it does not have any other material subsequent events to disclose in these financial statements.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 + Details
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