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Subsequent Events
3 Months Ended
Mar. 31, 2019
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 16 – SUBSEQUENT EVENTS 

 

From April 1, 2019 to the date of filing, pursuant to consulting and service agreements, the Company issued an aggregate of 47,399 shares of common stock to three consultants and vendors for the Shortfall (the closing price of the Shares drops below the Issue Price, the Company will compensate the Consultant for the drop in value of such lot of Shares, which will be calculated by multiplying the number of Shares by the difference between the closing price and the Issue Price) of the consulting and service agreements. These shares were valued at the fair market value on the grant date using the reported closing share price on the date of grant.

 

From April 1, 2019 to the date of filing, four consultants surrendered an aggregate of 282,522 shares of common stock for the services rendered and to be rendered.

 

On April 1, 2019, two employees surrendered an aggregate of 1,200 shares of common stock for their part of salaries from April 2018 to March 2019. The company compensated these two employees $3,712 in cash.

 

From April 1, 2019 to the date of filing, the Company issued 400,000 shares as bonus to an employee and a consultant for performance targets to be achieved.

 

On May 10, 2019, an employee surrendered an aggregate of 8,300 shares of common stock for his bonus.