PREFERRED STOCK (Details Narratve) - USD ($) |
12 Months Ended | ||
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Dec. 31, 2018 |
Dec. 31, 2017 |
Nov. 30, 2015 |
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Preferred stock, shares issued | 25,000,000 | ||
Series A Preferred Stock [Member] | |||
Preferred stock, shares issued | 1,388,575 | 1,388,575 | 3,000,000 |
Preferred stock, par value | $ 0.00001 | $ 0.00001 | $ 0.000001 |
Dividend | $ 0 | ||
Preferred stock conversion description | Series A Preferred Stock are convertible at a 35% discount rate to the average closing price per share of the Companys common stock (either as listed on a national exchange or as quoted over-the-market) for the last fifteen (15) trading days immediately prior to conversion. However, no conversions of the Series A Preferred Stock to shares of common stock can occur unless the average closing price per share of the Corporations common stock (either as listed on a national exchange or as quoted over-the-market) for the last fifteen (15) trading days immediately prior to conversion is at least five cents ($0.05). The shares of Series A Preferred Stock vote on an as converted basis |
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- Definition Amount of paid and unpaid common stock dividends declared with the form of settlement in cash. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Describe the conversion features of preferred stock if preferred stock is convertible. That is, shares of preferred stock into which another convertible security was converted, or shares of preferred stock into which another class of preferred stock was converted. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Details
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