Subsequent Events |
6 Months Ended |
|---|---|
Jun. 30, 2020 | |
| Subsequent Events [Abstract] | |
| Subsequent Events | Note G – Subsequent Events
The Company has analyzed events occurring subsequent to June 30, 2020, through the date these financial statements were issued, and noted the following material items requiring disclosure herein:
During the subsequent period from July 1, 2020, through October 4, 2023, unaffiliated holders of our convertible notes payable elected to convert $2,136,062 of principal interest and fees into shares of our common stock at prices ranging from $.00003 to $.001 per share at rates discounted from the stock’s fair market value on each conversion date based on discount rates specified in each respective note. These conversions include $1,674,041 of principal into shares of our common stock and $481,036 in accrued interest into shares of common stock. Unaffiliated convertible debt holders were issued shares of common stock in exchange for $27,010 in conversion fees. |