|3 Months Ended|
Mar. 31, 2020
|Subsequent Events [Abstract]|
NOTE 10: SUBSEQUENT EVENTS
Management has evaluated subsequent events through May 13, 2020, the date which the condensed financial statements were issued noting the following items that would impact the accounting for events or transactions in the current period or require additional disclosures.
On May 8, 2020, the Company drew down $3,000,000 as a prepayment against the Series B Convertible Note, dated August 19, 2019. Since March 31, 2020, it has issued 4,154,165 shares of its Common Stock which have resulted in a complete conversion of the remaining shares of Series D Preferred Stock and a partial conversion against the Series B Convertible Note.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef