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SUBSEQUENT EVENTS
3 Months Ended
Mar. 31, 2018
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS
11. SUBSEQUENT EVENTS

 

In accordance with ASC Topic 855, “Subsequent Events”, the Company evaluated subsequent events through April 12, 2019, the date these financial statements were available to be issued. During their evaluation, the following subsequent events were identified.

 

Subsequent to quarter end the Company issued 1,597,971 shares of common stock for the conversion of debt and accrued interest valued at $51,231. On September 28, 2018 the Company adjusted the par value of the Series C Convertible Preferred Stock from $50 per share to $.001 per share.

 

In addition, the Company wrote off the note due to shareholder of $3,000,000 and the accrued interest associated with the note of $4,607,598 and entered into various loan agreements and convertible debt agreements totaling $1,451,923.