|6 Months Ended|
Jun. 30, 2019
|Subsequent Events [Abstract]|
NOTE 11 SUBSEQUENT EVENTS
On July 9, 2019, a shareholder exercised 200,000 warrants at an exercise price of $0.55 for $110,000.
On July 29, 2019, the same shareholder exercised warrants to purchase 75,000 shares of common stock for proceeds to the Company of $41,250.
On July 29, 2019, the Company entered into an agreement with a shareholder to purchase back 10,537 shares of common stock at fair the market value of $0.65 per share for a payment made by the Company in the amount of $6,849.
On July 31, at the Annual Meeting of the shareholders, an increase in the authorized shares of the Companys 2016 Equity Incentive Plan was approved from 2,500,000 to 4,500,000 shares.
On August 13, 2019, the Companys Board of Directors nominated and approved Ned Mavrommatis as a Director and co-Chairman of the Audit Committee.
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