Annual report pursuant to Section 13 and 15(d)

Subsequent Events

v3.20.1
Subsequent Events
12 Months Ended
Dec. 31, 2019
Subsequent Events [Abstract]  
Subsequent Events

NOTE 8 – Subsequent Events

 

On February 2020, the investor agreed to extend the maturity date of the Convertible Notes to March 2, 2020. In consideration of the payment of $65,000, the maturity date of the Convertible Notes is extended by another 18 months to September 1, 2021, and the conversion price will be changed to the lower of, the closing price on the previous days close prior to the conversion request or a maximum conversion price of $1.00 and a floor of $0.80. The Company made the payment on February 11, 2020.

 

The Company has evaluated subsequent events through the date of the consolidated financial statements were available to be issued and has concluded that no such events or transactions took place that would require disclosure herein except as stated directly above.