NOTE 13 - SERIES A REDEEMABLE CONVERTIBLE CUMLATIVE PREFERRED STOCK (Details) - USD ($) |
2 Months Ended | 12 Months Ended | |||
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Oct. 31, 2016 |
Dec. 31, 2018 |
Dec. 31, 2017 |
Nov. 24, 2017 |
Dec. 31, 2016 |
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Preferred stock authorized | 10,000,000 | 10,000,000 | 10,000,000 | ||
Proceeds from sale of preferred stock | $ 1,000,000 | ||||
Accrued cumulative dividends | $ 17,760 | $ 5,920 | |||
Preferred stock redemption value | $ 319,680 | ||||
Series A Convertible Preferred Stock [Member] | |||||
Preferred stock authorized | 10,000,000 | ||||
Preferred stock issued | 500,000 | ||||
Sale of preferred stock | $ 29,600 | ||||
Proceeds from sale of preferred stock | $ 296,000 | ||||
Liquidation preference | $ 10 | ||||
Accrued and unpaid dividends per share by the conversion price | $ 0.18 | ||||
Cumulative cash dividends annual rate | 8.00% |
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- Definition Accrued cumulative dividends. No definition available.
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- Definition Cumulative cash dividends at an annual rate. No definition available.
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- Definition The price per share of the conversion feature embedded in the debt instrument. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The per share liquidation preference (or restrictions) of nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) that has a preference in involuntary liquidation considerably in excess of the par or stated value of the shares. The liquidation preference is the difference between the preference in liquidation and the par or stated values of the share. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The redemption (or callable) amount of currently redeemable preferred stock. Includes amounts representing dividends not currently declared or paid but which will be payable under the redemption features or for which ultimate payment is solely within the control of the issuer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Proceeds from issuance of capital stock which provides for a specific dividend that is paid to the shareholders before any dividends to common stockholders and which takes precedence over common stockholders in the event of liquidation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of consideration received by subsidiary or equity investee in exchange for shares of stock issued or sold. Includes amount of cash received, fair value of noncash assets received, and fair value of liabilities assumed by the investor. No definition available.
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- Details
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