Quarterly report pursuant to Section 13 or 15(d)

STOCK SUBSCRIPTION PAYABLE

v3.20.1
STOCK SUBSCRIPTION PAYABLE
3 Months Ended
Mar. 31, 2020
DERIVATIVE LIABILITY  
NOTE 6. STOCK SUBSCRIPTIONS PAYABLE

The Company has common stock subscriptions payable due to related parties of $79,624 payable with 2,962,688 of its common shares at March 31, 2020. The Company has common stock subscriptions payable due to related parties of $79,624 payable with 2,962,688 of its common shares at December 31, 2019. The Company recorded a related party gain of none and $8,113 related to the outstanding common stock subscriptions payable during the three month period ended March 31, 2020 and 2019, respectively.

 

The Company has common stock subscriptions payable due to non-related parties of $20,502 payable with 502,500 of its common shares at March 31, 2020. The Company had no common stock subscriptions payable due to non-related parties at December 31, 2019.

 

The Company has preferred stock subscriptions payable due to related parties of $1,022,000 payable with 1,022,000 of its 8% Series A-1 Convertible Preferred shares as of March 31, 2020. The Company has preferred stock subscriptions payable due to related parties of $1,000,000 payable with 1,000,000 of its 8% Series A-1 Convertible Preferred shares as of December 31, 2019.