SUBSEQUENT EVENTS (Details Narrative) - USD ($) |
1 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Dec. 12, 2019 |
Aug. 08, 2019 |
May 03, 2019 |
Oct. 25, 2019 |
Aug. 23, 2019 |
Jul. 18, 2019 |
Apr. 17, 2019 |
Oct. 29, 2018 |
Mar. 31, 2019 |
Dec. 31, 2018 |
|
Common stock, shares authorized | 800,000,000 | 800,000,000 | ||||||||
Common stock, shares issued | 152,205,625 | 109,409,930 | ||||||||
On October 25, 2019 [Member] | ||||||||||
Exercise price | $ 0.00792 | |||||||||
Shares acquire | 6,400,000 | |||||||||
Employment Agreement with Mr. Kevin Moore [Member] | ||||||||||
Services description | (i) 800,000 shares of our common stock per month until the IDTEC Transaction closes, (ii) thereafter, an annual base salary of $213,000, (iii) sales bonuses based on the Company’s sales, and (iv) incentive stock options under our 2019 Equity Compensation Plan to acquire 35,200,000 shares of our common stock, at an exercise price of $0.00792, which is equal to 110% of the fair market value of our common stock on October 25, 2019, with the stock options to vest in 36 equal monthly installments of 977,777 shares during the three-year term of the Moore Agreement | |||||||||
Equity Incentive Plan [Member] | ||||||||||
Common stock, shares authorized | 128,000,000 | |||||||||
Debt Conversion and Common Stock Purchase Plan (the ?Mishal? SPA) [Member] | ||||||||||
Common stock, shares issued | 13,134,420 | |||||||||
Purchase price of shares | $ 58,478 | |||||||||
Conversion price per share | $ 0.0043 | |||||||||
Ownership of common shares | 9.50% | |||||||||
Share Exchange Agreement (the ?Justus? SEA) [Member] | ||||||||||
Common stock, shares issued | 5,206,430 | |||||||||
Common stock price per share | $ 0.10 | |||||||||
Common Stock Purchase Agreement (the ?Bennington? SPA) [Member] | ||||||||||
Common stock, shares issued | 14,000,000 | |||||||||
Common stock price per share | $ 0.0425 | |||||||||
Accrued compensation | $ 595,000 | |||||||||
Convertible Preferred Stock Investment Agreement [Member] | ||||||||||
Raises fund descripton | The Company desires to raise between $1,000,000 and $2,000,000 from the sale of its 8% Series A-1 Convertible Preferred Stock and FCV intends to raise between $1,000,000 and $2,000,000 (net after offering expenses) in a special purchase vehicle (“SPV”) created by FCV to purchase the 8% Series A-1 Convertible Preferred Stock | |||||||||
Subsequent Event [Member] | First Capital Holdings, LLC [Member] | ||||||||||
Conversion price per share | $ 2.00 | |||||||||
Subsequent events description | Our common stock equal to 60% of our then outstanding common stock on a fully-diluted basis. | |||||||||
Reverse stock split common stock outstanding | 8,000,000 | |||||||||
Outstanding debt | $ 125,000 | |||||||||
Subsequent Event [Member] | Related Party Notes Payable [Member] | ||||||||||
Due from related party | $ 41,375 | $ 30,000 | ||||||||
Interest rate | 7.00% | 7.00% | ||||||||
Common Stock issued due to options exercise, Shares | 9,103,261 | 6,000,000 | ||||||||
Maturity date | Jul. 17, 2020 | May 30, 2019 | ||||||||
Subsequent Event [Member] | Company?s directors [Member] | ||||||||||
Exercise price | $ 0.00792 | |||||||||
Shares acquire | 800,000 | |||||||||
Subsequent Event [Member] | Chief Financial Officer [Member] | ||||||||||
Exercise price | $ 0.00792 | |||||||||
Shares acquire | 800,000 | |||||||||
Subsequent Event [Member] | Company?s officers and directors [Member] | ||||||||||
Exercise price | $ 0.00792 | |||||||||
Shares acquire | 800,000 | |||||||||
Subsequent Event [Member] | Series A-1 Preferred Stock Purchase Agreement (the ?SPA?) with SOBR SAFE, LLC [Member] | ||||||||||
Description | (i) the Company agreed to create a new series of convertible preferred stock entitled “Series A-1 Convertible Preferred Stock,” with Two Million (2,000,000) shares authorized and the following rights: (a) dividend rights of 8% per annum based on the original issuance price of $1 per share, (b) liquidation preference over the Company’s common stock, (c) conversion rights into shares of our common stock at $1 per share, (d) redemption rights such that the Company has the right, upon thirty (30) days written notice, at any time after one year from the date of issuance, to redeem the all or part of the Series A-1 Preferred Stock for 150% of the original issuance price, (e) no call rights by the Company, and (f) each share of Series A Convertible Preferred stock will vote on an “as converted” basis; and (ii) SOBR SAFE agreed to acquire One Million (1,000,000) shares of the Company’s Series A-1 Convertible Preferred Stock (the “Preferred Shares”), once created, in exchange for One Million Dollars ($1,000,000) (the “Purchase Price”) | |||||||||
Common stock representing | 52.00% | |||||||||
Subsequent Event [Member] | Employment Agreement with Mr. David Gandini [Member] | ||||||||||
Services description | (i) an annual base salary of $185,000, (ii) sales bonuses based on the Company’s sales, (iii) incentive stock options under our 2019 Equity Compensation Plan to acquire 24,000,000 shares of our common stock, at an exercise price of $0.00792, which is equal to 110% of the fair market value of our common stock on October 25, 2019, with the stock options to vest in 36 equal monthly installments of 666,666 shares during the three-year term of the Gandini Agreement, and (iv) an aggregate of 8,000,000 additional option shares (the “Pre-Vesting Option Shares”) to vest as follows: (i) 6,666,600 Pre-Vesting Option Shares representing the monthly vesting option shares for the ten months ended October 31, 2019 to vest on November 1, 2019; and (ii) the remaining 1,333,400 Pre-Vesting Option Shares representing the monthly vesting option shares for the two months ended December 31, 2019 shall vest on January 1, 2020. | |||||||||
Subsequent Event [Member] | Debt Conversion and Common Stock Purchase Plan (the ?Mishal? SPA) [Member] | ||||||||||
Common stock, shares issued | 21,400,745 | |||||||||
Purchase price of shares | $ 96,303 | |||||||||
Conversion price per share | $ 0.0045 | |||||||||
Subsequent Event [Member] | Share Exchange Agreement (the ?Justus? SEA) [Member] | ||||||||||
Common stock, shares issued | 8,679,320 | |||||||||
Common stock price per share | $ 0.10 | |||||||||
Subsequent Event [Member] | Non Related Party [Member] | ||||||||||
Due from related party | $ 31,000 | |||||||||
Interest rate | 10.00% |