Annual report pursuant to Section 13 and 15(d)

Convertible Notes Payable (Details Textual)

v3.20.1
Convertible Notes Payable (Details Textual) - USD ($)
1 Months Ended 3 Months Ended 12 Months Ended
Dec. 09, 2019
Sep. 06, 2019
Aug. 31, 2019
Aug. 15, 2019
Apr. 26, 2018
Mar. 31, 2018
Jan. 22, 2018
Jun. 01, 2017
May 15, 2019
Dec. 31, 2019
Dec. 31, 2018
Convertible Notes Payable (Textual)
Debt converted into common stock $ 136,894
Principal balance 100,000
Conversion of principal balance $ 12,000
Issued shares of common stock 295,567
Accrued interest for cash payment $ 5,833
Gain on debt extinguishment $ 31,009 $ (383,475)
Aggregate derivative expense 890,410
Amortization of debt discount 160,542 40,691
Interest expense $ 343,078 $ 53,142
Securities Purchase Agreements [Member]
Convertible Notes Payable (Textual)
Maturity date Sep. 09, 2020
Original principal amount $ 130,000
Interest rate 12.00%
Original issue discount $ 15,000
Issued shares of common stock 300,000
Net proceeds value $ 115,000
Convertible Promissory Notes [Member]
Convertible Notes Payable (Textual)
Convertible promissory note $ 100,000
Accrued interest rate 7.00%
Number of common shares price $ 0.77
Maturity date Jun. 01, 2019
Allocated to beneficial conversion feature $ 10,000
Weighted average interest rate 14.90% 8.70%
Warrant to purchase shares of common stock 1,050,000
Warrant initial exercise price $ 0.10
Net proceeds value $ 320,351
Embedded conversion option as derivative liabilities 836,985
Aggregate derivative expense 570,059
Fair value of the warrants 61,899
Amortization of debt discount 237,445 $ 49,003
Interest expense 217,298 $ 40,691
Current period operations as initial derivative expense 516,634
Derivative expense $ 53,425
Convertible Promissory Notes [Member] | Securities Purchase Agreements [Member]
Convertible Notes Payable (Textual)
Convertible promissory note $ 300,000 $ 300,000 $ 244,800
Debt conversion, description (i) the lowest Trading Price (as defined below) during the previous twenty-five Trading Day period ending on the latest complete Trading Day prior to the date of this Note, and (ii) the Variable Conversion Price (as defined below) (subject to equitable adjustments for stock splits, stock dividends or rights offerings by the Company). The "Variable Conversion Price" shall mean 60% multiplied by the Market Price (as defined herein) (representing a discount rate of 40%). "Market Price" means the lowest Trading Price (as defined below) for the Company's common stock during the twenty-five Trading Day period ending on the latest complete Trading Day prior to the Conversion Date. (i) the lowest Trading Price (as defined below) during the previous twenty-five Trading Day period ending on the latest complete Trading Day prior to the date of this Note, and (ii) the Variable Conversion Price (as defined below) (subject to equitable adjustments for stock splits, stock dividends or rights offerings by the Company). The "Variable Conversion Price" shall mean 60% multiplied by the Market Price (as defined herein) (representing a discount rate of 40%). "Market Price" means the lowest Trading Price (as defined below) for the Company's common stock during the twenty-five Trading Day period ending on the latest complete Trading Day prior to the Conversion Date. The Notes were convertible by the Investor after six months from each respective Note date into shares of the Company's common stock (as determined in the Note) at a price equal to 81% of the average of the lowest two closing bid prices of the common stock as reported on the OTC Link ATS owned by OTC Markets Group for the 10 prior trading days. The Company may prepay the Notes at any time prior to the six-month anniversary, subject to pre-payment charges as detailed in the Notes. The SPAs and Notes contain customary representations, warranties and covenants, including certain restrictions on the Company's ability to sell, lease or otherwise dispose of any significant portion of its assets. Investor also has the right of first refusal with respect to any future equity (or debt with an equity component) offerings of less than $100,000 conducted by the Company until the six-month anniversary of the Note.
Maturity date Jun. 06, 2020 Jun. 06, 2020 May 30, 2020
Interest rate 12.00% 12.00%
Remaining debt discounts $ 28,758
Original issue discount $ 30,000 30,000 $ 40,800
Received net proceeds 192,000
Origination fees, net 12,000
Debt premium $ 57,423
Conversion of principal balance $ 12,000
Issued shares of common stock 295,567
Accrued interest for cash payment 238,080
Gain on debt extinguishment $ 31,009
Warrant to purchase shares of common stock 750,000 750,000
Warrant initial exercise price $ 0.10
Net proceeds value $ 267,250 $ 267,250
Net of origination fees $ 2,750 2,750
Accredited investor 232,800
Debt extinguishment 57,423
Accrued interest $ 7,624
Convertible Promissory Notes [Member] | Securities Purchase Agreements [Member] | Minimum [Member]
Convertible Notes Payable (Textual)
Interest rate 4.00%
Convertible Promissory Notes [Member] | Securities Purchase Agreements [Member] | Maximum [Member]
Convertible Notes Payable (Textual)
Interest rate 12.00%
Senior secured convertible note | Esousa | Termination Agreement [Member]
Convertible Notes Payable (Textual)
Interest expense related to convertible note $ 3,304
Repayment of convertible debt 270,000
Debt extinguishment expense 229,696
Write-off of remaining debt discount $ 226,392
Senior secured convertible note | Securities Purchase Agreements [Member] | Esousa
Convertible Notes Payable (Textual)
Allocated to beneficial conversion feature $ 73,632
Issuance date Jan. 22, 2018
Purchase price $ 750,000
Term 5 years
Original principal amount $ 260,000
Purchase price per unit $ 0.87
Interest rate 10.00%
Cash proceeds $ 260,000
Value allocated to warrants 186,368
Original issue discount $ 260,000
Warrant to purchase shares of common stock 293,123