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Gain on Debt Settlement
9 Months Ended
Sep. 30, 2019
Debt Disclosure [Abstract]  
GAIN ON DEBT SETTLEMENT

NOTE 8 – GAIN ON DEBT SETTLEMENT

 

In June 2019, the Company finalized a debt restructuring initiative with the Company's then debtholders. In particular to one of the Company's previous investors who held a note payable and was not a related party or shareholder of the Company, the note holder agreed to settle such note in exchange for the Company's Series RX-1 preferred stock. As a result, the Company recognized a gain on debt settlement of $34,925 on our Condensed Consolidated Statement of Operations for the nine months ended September 30, 2019.