Quarterly report pursuant to Section 13 or 15(d)

STOCK SUBSCRIPTION PAYABLE

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STOCK SUBSCRIPTION PAYABLE
9 Months Ended
Sep. 30, 2020
STOCK SUBSCRIPTION PAYABLE  
NOTE 9. STOCK SUBSCRIPTIONS PAYABLE

The Company has common stock subscriptions payable due to related parties of $79,624 payable with 89,077 of its common shares at September 30, 2020 and December 31, 2019. The Company recorded a related party gain of none and $22,585 related to the outstanding common stock subscriptions payable during the nine month period ended September 30, 2020 and 2019, respectively.

 

The Company has common stock subscriptions payable due to non-related parties of $20,504 payable with 15,108 of its common shares at September 30, 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 $2,700,000 payable with 2,700,000 of its 8% Series A-1 Convertible Preferred shares as of September 30, 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.