|6 Months Ended|
Jun. 30, 2020
|Subsequent Events [Abstract]|
NOTE 20 – SUBSEQUENT EVENTS
On July 8, 2020, the Company borrowed $220,000 under a short-term note. The note bears interest at an annual rate of 15% simple interest and matures on December 7, 2020. Upon maturity of this note, 125,000 shares of common stock are also payable, valued at the date of issuance of the note at $0.09 per shares, or $11,250.
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