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Capital Stock
9 Months Ended
Sep. 30, 2018
Equity [Abstract]  
Capital Stock

NOTE 8 – CAPITAL STOCK

 

Preferred Stock

 

The Company is authorized to issue 10,000,000 shares of blank check preferred stock, par value $0.001 per share As of September 30, 2018, there were no shares of preferred stock issued and outstanding.

 

Common Stock

 

The Company is authorized to issue 500,000,000 shares of common stock, par value $0.001 per share. As of September 30, 2018, there were 163,017,534 shares of common stock issued and outstanding.

 

The following common stock transactions were recorded during the nine months ended September 30, 2018:

 

The Company issued an aggregate of 14,362,500 shares of its common stock recorded as to be issued on December 31, 2017.

 

The Company retired an aggregate of 1,790,000 shares of its common stock recorded as to be retired on December 31, 2017 in exchange for warrants issued in December 2017.

 

The Company issued an aggregate of 11,594,000 shares of its common stock, having an aggregate fair value of $3,310,747, for services rendered.

 

The Company issued an aggregate of 95,134 shares for its common stock upon the cashless exercise of outstanding options.

 

The Company issued an aggregate of 7,647,413 shares of its common stock upon the cashless exercise of outstanding warrants.

 

The Company issued an aggregate of 3,742,648 shares of its common stock for the settlement of convertible debt with a principal amount of $880,000.

 

The Company issued an aggregate of 1,370,000 shares of its common stock upon the exercise of outstanding warrants for net proceeds of $323,000.

 

The Company issued an aggregate of 13,700,000 shares of common stock for cash proceeds of $2,740,000.

 

The Company received $564,000 recorded as subscription receivable as of December 31, 2017.

 

The Company issued an aggregate of 130,000 shares for stock payable of $32,995.