XML 30 R19.htm IDEA: XBRL DOCUMENT v3.7.0.1
Common Stock
3 Months Ended
Mar. 31, 2017
Equity [Abstract]  
Common Stock

NOTE 14 - COMMON STOCK

 

On July 31, 2015, GRNQ completed the purchase of GRBV and issued 9,070,000 shares of its restricted common stock at $0.35 per share to the stockholders of GRBV and pay $25,500 in cash, representing an aggregate purchase consideration of $3,200,000.

 

On August 20, 2015, GRNQ entered into a Subscription Agreement with an investor relating to the private placement of a total of 625,000 shares of common stock at a subscription price of $0.8 per share, for an aggregate gross proceeds of $500,000.

 

On August 21, 2015, GRNQ entered into two Subscription Agreements with two investors relating to the private placement of a total of 500,000 shares of common stock at a subscription price of $1 per share, for an aggregate gross proceeds of $500,000.

 

On August 31, 2015, GRNQ issued an aggregate of 1,171,000 shares of its restricted common stock pursuant to the conversion of $1,171,000 of two promissory notes issued on July 10, 2015.

 

On September 30, 2015, GRNQ completed the purchase of A&G, F&A and Yabez and issued 1,842,000 shares, 2,080,200 shares, and 486,171 shares of its restricted common stock at $0.52 per share to the stockholders of A&G, F&A, and Yabez, representing an aggregate purchase consideration of $2,292,352, per acquisition agreements. Due to the Company’s thinly-traded market, the purchase price consideration transferred was based on the latest offering price in the private placement to third party before the acquisition close date, which was $0.8 per share of restricted common stock. The aggregate purchase consideration is amount of 4,408,371.

 

On September 30, 2015, GRNQ completed the purchase of GPVC, an entity under common control of directors, and issued 13,260,000 shares of its restricted common stock at $0.60 per share to the stockholders of GPVC and pay $6,000 in cash, representing an aggregate purchase consideration of $7,962,000, per sale and purchase agreement. The aggregate purchase consideration based on fair value, which is $0.8 per share of restricted common stock, is amount of 10,608,000.

 

On October 19, 2015, GRNQ entered into a number of Subscription Agreements with those investors relating to the private placement of a total of 96,270 shares of common stock at a subscription price of $1.50 per share, for an aggregate gross proceeds of $144,405.

 

On December 31, 2015, GRNQ entered into two Subscription Agreements with two investors relating to the private placement of a total of 410,314 shares of common stock at a subscription price of $1.50 per share, for an aggregate gross proceeds of $615,471.

 

On May 20, 2016, GRNQ entered into three Subscription Agreements with three investors relating to the private placement of a total of 257,500 shares of common stock at a subscription price of $1.60 per share, for an aggregate gross proceeds of $412,000.

 

On December 7, 2016, GRNQ entered into a Subscription Agreement with an investor relating to the private placement of a total of 27,700 shares of common stock at a subscription price of $1.80 per share, for an aggregate gross proceeds of $49,860.

 

On December 27, 2016, GRNQ entered into two Subscription Agreements with two investors relating to the private placement of a total of 138,804 shares of common stock at a subscription price of $1.80 per share, for an aggregate gross proceeds of $249,847.

 

On January 13, 2017, GRNQ entered into two Subscription Agreements with two investors relating to the private placement of a total of 199,922 shares of common stock at a subscription price of $1.80 per share, for an aggregate gross proceeds of $359,860.

 

On March 8, 2017, GRNQ entered into two Subscription Agreements with two investors relating to the private placement of a total of 278,162 shares of common stock at a subscription price of $2.00 per share, for an aggregate gross proceeds of $556,324.

 

As of March 31, 2017, the Company has 52,865,843 shares issued and outstanding. There are no shares of preferred stock issued and outstanding.