Quarterly report pursuant to Section 13 or 15(d)

Shareholders' Deficit (Tables)

v3.20.2
Shareholders' Deficit (Tables)
9 Months Ended
Sep. 30, 2020
Equity [Abstract]
Schedule of redemption period
Redemption Period Redemption Percentage
1. The period beginning on the date of the issuance of shares of Series A Preferred Stock and ending on the date which is sixty days following the Issuance Date. 100 %
2. The period beginning on the date that is sixty-one days from the Issuance Date and ending ninety days following the Issuance Date. 107 %
3. The period beginning on the date that is ninety-one days from the Issuance Date and ending one hundred twenty days following the Issuance Date. 112 %
4. The period beginning on the date that is one hundred twenty-one days from the Issuance Date and ending one hundred fifty days following the Issuance Date. 117 %
5. The period beginning on the date that is one hundred fifty-one days from the Issuance Date and ending one hundred eighty days following the Issuance Date. 120 %
Schedule of nonvested activity
Number of
Non-vested
Shares
Weighted
Average
Grant Date
Fair Value
Non-vested, December 31, 2019 17,675,299 $ 0.23
Granted 7,450,000 0.04
Shares vested (1,273,373 ) (0.41 )
Non-vested, September 30, 2020 23,851,926 $ 0.16
Schedule of stock option activities
Number of Options Weighted Average
Exercise Price
Weighted
Average
Remaining
Contractual
Term (Years)
Aggregate
Intrinsic Value
Balance Outstanding, December 31, 2019 8,445,698 $ 0.40
Granted - -
Forfeited - -
Balance Outstanding, September 30, 2020 8,445,698 $ 0.40 5.39 $ 0
Exercisable, September 30, 2020 8,404,602 $ 0.40 5.39 $ 0
Schedule of warrant activities
Number of Warrants Weighted Average
Exercise Price
Weighted
Average
Remaining
Contractual
Term (Years)
Aggregate
Intrinsic Value
Balance Outstanding December 31, 2019 2,050,000 $ 0.10 - $ -
Granted 288,750 0.10
Cancelled (288,750 ) 0.10
Balance Outstanding September 30, 2020 2,050,000 $ 0.05 3.91 $ -
Exercisable, September 30, 2020 2,050,000 $ 0.05 3.91 $ -