STOCKHOLDERS' EQUITY (Details Narrative)
|
|
|
|
1 Months Ended |
3 Months Ended |
6 Months Ended |
|
|
Jul. 09, 2020
shares
|
Jun. 08, 2020
USD ($)
$ / shares
shares
|
Apr. 08, 2020
USD ($)
Days
$ / shares
shares
|
Feb. 29, 2020
shares
|
Sep. 16, 2019
USD ($)
$ / shares
shares
|
Jul. 22, 2019
USD ($)
$ / shares
shares
|
May 20, 2019
USD ($)
$ / shares
shares
|
Apr. 22, 2019
USD ($)
$ / shares
shares
|
Oct. 22, 2018
USD ($)
$ / shares
shares
|
May 31, 2020
USD ($)
$ / shares
shares
|
May 31, 2020
USD ($)
$ / shares
shares
|
Jun. 03, 2020
$ / shares
|
Nov. 30, 2019
shares
|
Debt extinguishment | $ |
|
|
|
|
|
|
|
|
|
|
$ 6,026,657
|
|
|
Debt instrument conversion price | $ / shares |
|
|
$ 0.15
|
|
|
|
|
|
|
|
|
|
|
Number of shares converted (in shares) |
|
|
33,333
|
|
|
|
|
|
|
|
|
|
|
Value of converted shares | $ |
|
|
$ 5,000
|
|
|
|
|
|
|
|
|
|
|
Share issue price | $ / shares |
|
|
|
|
|
|
|
|
|
$ 0.40
|
$ 0.40
|
|
|
Preferred stock, shares outstanding |
|
|
|
|
|
|
|
|
|
0
|
0
|
|
0
|
Number of warrant issued |
|
|
|
150,000
|
|
|
|
|
|
|
117,925
|
|
|
Class of warrant or right grant date fair value | $ |
|
|
11,591,623
|
|
|
|
|
|
|
|
|
|
|
Accrued interest satisfied by issuance of warrants | $ |
|
|
|
|
|
|
|
|
|
|
$ 124,603
|
|
|
Exercise price of warrants | $ / shares |
|
|
|
|
|
|
|
|
|
$ 0.25
|
$ 0.25
|
|
|
Proceeds from issuance of warrant | $ |
|
|
$ 239,747
|
|
|
|
|
|
|
|
$ 21,227
|
|
|
Class Of Warrant Or Right Grants In Period |
|
|
|
|
|
|
|
|
|
|
648,418
|
|
|
Warrant fair value at reduced price | $ / shares |
|
|
$ 29,150
|
|
|
|
|
|
|
|
|
|
|
Series A Preferred Stock [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of shares issued |
|
|
1,391
|
|
|
|
|
|
|
1,391
|
|
|
|
Debt extinguishment | $ |
|
|
$ 11,591,623
|
|
|
|
|
|
|
|
|
|
|
Debt issue costs | $ |
|
|
29,150
|
|
|
|
|
|
|
|
|
|
|
Fair value of debt | $ |
|
|
$ 8,333
|
|
|
|
|
|
|
|
|
|
|
Preferred stock, shares outstanding |
|
|
|
|
|
|
|
|
|
1,391
|
1,391
|
|
0
|
Common Stock [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of shares issued |
|
|
|
|
|
|
|
|
|
|
117,925
|
|
|
Market price | $ / shares |
|
|
$ 0.25
|
|
|
|
|
|
|
|
|
|
|
Preferred Stock [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
Share issue price | $ / shares |
|
|
$ 5,000
|
|
|
|
|
|
|
|
|
|
|
Percentage of dividend accured |
|
|
10.00%
|
|
|
|
|
|
|
|
|
|
|
Consecutive trading days | Days |
|
|
20
|
|
|
|
|
|
|
|
|
|
|
Debt indebtedness | $ |
|
|
$ 250,000
|
|
|
|
|
|
|
|
|
|
|
Description of conversion features |
|
|
Holders of shares of Preferred Stock are not entitled to vote with the holders of common stock, however, for so long as there are 423 shares of Preferred Stock outstanding, the Company is required to obtain the consent of the holders of the Preferred Stock to take certain corporate actions, including to incur indebtedness in excess of $250,000 in the aggregate.
|
|
|
|
|
|
|
|
|
|
|
Convertible Noteholders [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, Face Amount | $ |
|
|
|
|
|
|
|
|
|
$ 124,603
|
$ 124,603
|
|
|
Number of warrant issued |
|
|
|
|
|
|
|
|
|
|
498,418
|
|
|
Number of warrant issued for consultant for marketing services |
|
|
|
|
|
|
|
|
|
|
150,000
|
|
|
Exercise price of warrants | $ / shares |
|
|
|
|
|
|
|
|
|
$ 0.25
|
$ 0.25
|
|
|
Class Of Warrant Or Right Grants In Period |
|
|
|
|
|
|
|
|
|
|
498,418
|
|
|
Number of warrants for every amount of accrued interest |
|
|
|
|
|
|
|
|
|
|
4,000 warrants for every $1,000 of accrued interest
|
|
|
Warrants granted, exercisable period |
|
|
|
|
|
|
|
|
|
|
3 years 9 months 18 days
|
|
|
Accrued interest per warrant | $ / shares |
|
|
|
|
|
|
|
|
|
124,603
|
$ 124,603
|
|
|
Consultant Services [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercise price of warrants | $ / shares |
|
|
|
|
|
|
|
|
|
$ 0.25
|
$ 0.25
|
|
|
Class Of Warrant Or Right Grants In Period |
|
|
|
|
|
|
|
|
|
|
150,000
|
|
|
Convertible Notes Payable [Member] | Series A Preferred Stock [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of shares converted (in shares) |
|
|
1,391
|
|
|
|
|
|
|
|
|
|
|
Class of warrant or right grant date fair value | $ |
|
|
$ 11,591,623
|
|
|
|
|
|
|
|
|
|
|
Proceeds from issuance of warrant | $ |
|
|
$ 239,747
|
|
|
|
|
|
|
|
|
|
|
Warrant fair value at reduced price | $ / shares |
|
|
$ 29,150
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Member] | Warrants [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant expiry date |
|
Aug. 31, 2020
|
|
|
|
|
|
|
|
|
|
Jul. 03, 2020
|
|
Exercise price of warrants | $ / shares |
|
$ 0.18
|
|
|
|
|
|
|
|
|
|
$ 0.15
|
|
Subsequent Event [Member] | Common Stock [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of shares issued |
9,245,808
|
|
|
|
|
|
|
|
|
|
|
|
|
Employment Agreement [Member] | Subsequent Event [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
Share issue price | $ / shares |
|
$ 0.60
|
|
|
|
|
|
|
|
|
|
|
|
Number of shares issued for service (in shares) |
|
72,000
|
|
|
|
|
|
|
|
|
|
|
|
Payroll expense | $ |
|
$ 43,200
|
|
|
|
|
|
|
|
|
|
|
|
Securities Purchase Agreement [Member] | Convertible Notes Payable [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of shares issued |
|
|
1,498,418
|
|
|
|
|
|
|
|
|
|
|
Securities Purchase Agreement [Member] | Convertible Notes Payable [Member] | Warrants [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of shares issued |
|
|
4,000
|
|
|
|
|
|
|
|
|
|
|
Securities Purchase Agreement [Member] | Convertible Notes Payable [Member] | Accredited Investors [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of units issued |
|
|
|
|
|
|
2,080.265
|
2,080.265
|
1,275.0
|
|
|
|
|
Debt Instrument, Face Amount | $ |
|
|
|
|
|
|
$ 2,080,265
|
$ 2,080,265
|
$ 1,275,000
|
|
|
|
|
Units issued, price per unit | $ / shares |
|
|
|
|
|
|
$ 1,000
|
$ 1,000
|
$ 1,000
|
|
|
|
|
Secured convertible promissory note issued per unit | $ / shares |
|
|
|
|
|
|
$ 1,000
|
$ 1,000
|
$ 1,000
|
|
|
|
|
Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
|
|
|
10.00%
|
10.00%
|
10.00%
|
|
|
|
|
Debt instrument conversion price | $ / shares |
|
|
|
|
|
|
$ 0.15
|
$ 0.15
|
$ 0.15
|
|
|
|
|
Number of warrants granted per unit |
|
|
|
|
|
|
4
|
4
|
4
|
|
|
|
|
Number of securities called by each warrant |
|
|
|
|
|
|
1
|
1
|
1
|
|
|
|
|
Number of warrant issued |
|
|
|
|
|
|
8,321,058
|
8,321,058
|
5,100,000
|
|
|
|
|
Class of warrant or right grant date fair value | $ |
|
|
|
|
|
|
$ 888,444
|
$ 888,444
|
$ 524,089
|
|
|
|
|
Exercise price of warrants | $ / shares |
|
|
|
|
|
|
$ 0.25
|
$ 0.25
|
$ 0.25
|
|
|
|
|
Securities Purchase Agreement [Member] | Convertible Notes Payable [Member] | Several Investors [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of units issued |
|
|
|
|
|
2,282.5
|
|
|
|
|
|
|
|
Debt Instrument, Face Amount | $ |
|
|
|
|
|
$ 2,282,500
|
|
|
|
|
|
|
|
Units issued, price per unit | $ / shares |
|
|
|
|
|
$ 1,000
|
|
|
|
|
|
|
|
Secured convertible promissory note issued per unit | $ / shares |
|
|
|
|
|
$ 1,000
|
|
|
|
|
|
|
|
Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
|
|
10.00%
|
|
|
|
|
|
|
|
Debt instrument conversion price | $ / shares |
|
|
|
|
|
$ 0.15
|
|
|
|
|
|
|
|
Number of warrants granted per unit |
|
|
|
|
|
4
|
|
|
|
|
|
|
|
Number of securities called by each warrant |
|
|
|
|
|
1
|
|
|
|
|
|
|
|
Number of warrant issued |
|
|
|
|
|
9,130,000
|
|
|
|
|
|
|
|
Class of warrant or right grant date fair value | $ |
|
|
|
|
|
$ 1,038,081
|
|
|
|
|
|
|
|
Exercise price of warrants | $ / shares |
|
|
|
|
|
$ 0.25
|
|
|
|
|
|
|
|
Securities Purchase Agreement [Member] | Convertible Notes Payable [Member] | Two Investors [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of units issued |
|
|
|
|
818.0
|
|
|
|
|
|
|
|
|
Debt Instrument, Face Amount | $ |
|
|
|
|
$ 818,000
|
|
|
|
|
|
|
|
|
Units issued, price per unit | $ / shares |
|
|
|
|
$ 1,000
|
|
|
|
|
|
|
|
|
Secured convertible promissory note issued per unit | $ / shares |
|
|
|
|
$ 1,000
|
|
|
|
|
|
|
|
|
Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
|
10.00%
|
|
|
|
|
|
|
|
|
Debt instrument conversion price | $ / shares |
|
|
|
|
$ 0.15
|
|
|
|
|
|
|
|
|
Number of warrants granted per unit |
|
|
|
|
4
|
|
|
|
|
|
|
|
|
Number of securities called by each warrant |
|
|
|
|
1
|
|
|
|
|
|
|
|
|
Number of warrant issued |
|
|
|
|
3,272,000
|
|
|
|
|
|
|
|
|
Class of warrant or right grant date fair value | $ |
|
|
|
|
$ 363,846
|
|
|
|
|
|
|
|
|
Exercise price of warrants | $ / shares |
|
|
|
|
$ 0.25
|
|
|
|
|
|
|
|
|
Security Purchase Agreements [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant expiry date |
|
|
|
|
|
|
|
|
|
Oct. 22, 2023
|
Oct. 22, 2023
|
|
|
Number of warrant issued |
|
|
|
|
|
|
|
|
|
|
1,498,418
|
|
|
Class of warrant or right grant date fair value | $ |
|
|
|
|
|
|
|
|
|
$ 239,747
|
$ 239,747
|
|
|
Exercise price of warrants | $ / shares |
|
|
|
|
|
|
|
|
|
$ 0.25
|
$ 0.25
|
|
|
Warrant fair value at reduced price | $ / shares |
|
|
|
|
|
|
|
|
|
0.16
|
0.16
|
|
|
Warrant fair value at the contractual price | $ / shares |
|
|
|
|
|
|
|
|
|
0.25
|
$ 0.25
|
|
|
Description of conversion features |
|
|
|
|
|
|
|
|
|
|
The holders reflecting 4,000 warrants for each $1,000 of unpaid interest accrued on the Notes.
|
|
|
Security Purchase Agreements [Member] | Warrants [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of shares issued |
|
|
|
|
|
|
|
|
|
|
19,979,107
|
|
|
Description of warrant issued |
|
|
|
|
|
|
|
|
|
|
As these warrants were intially issued on October 22, 2018, April 22, 2019, May, 20, 2019, July 22, 2019, September 16, 2019 and January 15, 2020, see below for the initial terms of the warrants.
|
|
|
Inducement expense | $ |
|
|
|
|
|
|
|
|
|
|
$ 845,415
|
|
|
Security Purchase Agreements [Member] | Minimum [Member] | Warrants [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercise price of warrants | $ / shares |
|
|
|
|
|
|
|
|
|
0.16
|
$ 0.16
|
|
|
Security Purchase Agreements [Member] | Minimum [Member] | Monte Carlo Simulation Model [Member] | Warrants [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercise price of warrants | $ / shares |
|
|
|
|
|
|
|
|
|
0.16
|
0.16
|
|
|
Security Purchase Agreements [Member] | Maximum [Member] | Warrants [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercise price of warrants | $ / shares |
|
|
|
|
|
|
|
|
|
0.25
|
0.25
|
|
|
Security Purchase Agreements [Member] | Maximum [Member] | Monte Carlo Simulation Model [Member] | Warrants [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercise price of warrants | $ / shares |
|
|
|
|
|
|
|
|
|
$ 0.25
|
$ 0.25
|
|
|
Security Purchase Agreements [Member] | Common Stock [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of shares issued |
|
|
|
|
|
|
|
|
|
|
19,979,107
|
|
|
Number of warrant issued |
|
|
|
|
|
|
|
|
|
|
3,200,000
|
|
|