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Subsequent Events
3 Months Ended
Mar. 31, 2020
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 10 – SUBSEQUENT EVENTS 


The Company is currently in default under Iliad Note with the outstanding balance of $838,571 in principal and $63,303 accrued interest at December 31, 2019. In April 2020, an amount of $100,000 was redeemed and converted 502,955 shares of the Company’s common stock. The remaining outstanding balance of Iliad Note was $1,269,464 at April 30, 2020. At the date of filing, both parties have not reached into the mutual agreement.


On April 5, 2020, the Company and Oasis Capital, LLC (“Oasis”) entered into a Equity Purchase Agreement, Oasis shall purchase from the Company up to Four Million Dollars ($4,000,000) of the Company’s Common Stock, at 85% of Market Price. On April 15, 2020, 400,000 shares of Common Stock has issued by the Company to Oasis as Commitment Shares. 


On April 7, 2020, the Company and Power Up Lending Group Ltd., (“Power Up”) entered into a Securities Purchase Agreement, whereby the Company issued a note to Power Up (the “Power Up Note”) in the principal amount of $83,000 with additional tranches of up to $1,000,000 in the aggregate over the next twelve (12) months, subject to the discretion of both parties. The Power Up Note is a convertible into shares of the common stock of the Company at a price equal to 65% of the average of the two (2) lowest trading prices for the Company’s common stock during the twenty (20) trading day period ending on the latest complete trading day prior to the conversion date.


On April 8, 2020, the Company and shareholder of OOB HK Media HK Limited (“OOB HK”) Entered into a Share Exchange Agreement, whereby the Company shall issue 239,387,189 shares of series A convertible preferred stock at a price of $0.33 per share, in exchange of 100% ownership of OOB HK, which owns 100% of Tone Rich (Shanghai) Limited that holds 69.6% of OOB Media (Sichuan) Company Limited, an advertising media technology and agency company. 


On April 14, 2020, the Company and Black Ice Advisors, LLC (“Black Ice”) entered into a Securities Purchase Agreement, whereby the Company issued a note to Black Ice (the “Black Ice Note”) in the principal amount of $110,000 in exchange for a total investment of $100,000. The Black Ice Note is a convertible into shares of the common stock of the Company at a price equal to 60% of the lowest trading price of the Company’s common stock for the fifteen (15) prior trading days including the day upon which a Notice of Conversion is received by the Company.


On April 21, 2020, the Company and StockVest (“StockVest”) entered into a Consulting, Public Relationship and Marketing Letter Agreement, StockVest shall provide SEII with coverage and launch a market awareness campaign and perform various public and investor relation services including but not limited to, news dissemination, creation and distribution of investor information, double opt-in email campaigns, internet profiles and social media feeds. On April 29, 2020, 400,000 shares of common stock has issued by the Company to StockVest as service fee.


In May 2020, a 1-for-50 reverse stock split of the issued and outstanding shares of our common stock was approved.