SUBSEQUENT EVENTS |
6 Months Ended |
|---|---|
Jun. 30, 2020 | |
| SUBSEQUENT EVENTS | |
| NOTE 14. SUBSEQUENT EVENTS |
Between July 1, 2020 and August 3, 2020, the Company sold 953,000 shares of the Company’s 8% Series A-1 Convertible Preferred Stock to SOBR Safe, LLC, pursuant to the Investment Agreement by and between the Company and SOBR Safe, LLC (as designee of First Capital Ventures, LLC) dated August 8, 2019, as amended, and a corresponding Series A-1 Preferred Stock Purchase Agreement. The shares were sold for $1 per share for a total purchase price of $953,000. |
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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