Subsequent Events

6 Months Ended

Jun. 30, 2019

Subsequent Events [Abstract]

Subsequent Events

8) Subsequent Events

From July 1, 2019 through August 13, 2019 the Company issued Convertible notes for a total of $530,000. The notes required 6,440 shares of the Company’s common stock to be issued and included interest at rates ranging from 4% to 8% and are for terms of nine to twelve months. The Company also extended nine notes (see below schedule).

From July 1, 2019 through August 13, 2019 the Company issued 246.8 shares of Series AA Convertible Preferred Stock at $2,500 per share and received $555,300 net of $61,700 of broker fees. For every $2,500 invested, the investor received one share of Series AA Convertible Preferred Stock convertible into 1,000 shares of Common Stock and 1,000 warrants to purchase Common Stock at $3.50 per share and an expiration period of five years from the original issue date.

Convertible Loan Modifications and Extinguishments

Subsequent to June 30, 2019, the Company modified or paid off the following loans:

Loan inception date	Principal		Modification date/Pay off date	Principal and interest paid		Extinguished or extended
January 3, 2019	$	50,000	July 3, 2019	$	12,500	Extended to January 3, 2020
February 9, 2019		100,000	August 9, 2019		9,000	5 day automatic extension to August 16, 2019
February 26, 2019		86,250	July 26, 2019		8,625	Extended to August 26, 2019
April 10, 2019		86,250	July 10, 2019		8,625	Extended to August 10, 2019
April 19, 2019		150,000	July 19, 2019		22,500	Extended to October 19, 2019
May 1, 2019		100,000	August 1, 2019		25,000	Extended to November 1, 2019
June 15, 2019		115,000	July 15, 2019		11,500	Extended to August 15, 2019
May 15, 2019		220,000	July 17, 2019		22,000	Extended to August 17, 2019
April 17, 2019		105,000	July 23, 2019		10,500	Extended to August 23, 2019