|9 Months Ended|
Sep. 30, 2019
|Note 9 - Subsequent Events||
Series A Convertible Preferred Stock
On various dates from October 3, 2019 through October 28, 2019, the Company received proceeds of $329,505 through the sale of 43,934 shares of Series A Convertible Preferred Stock at $7.50 per share.
Convertible Note Payable
On October 31, 2019, the Company issued a convertible note payable in the principal amount of $1,500,000. The note accrues interest at 8% per annum and matures on October 31, 2020.
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://fasb.org/us-gaap/role/ref/legacyRef