|3 Months Ended|
Dec. 31, 2018
|SUBSEQUENT EVENTS [Abstract]|
NOTE 18 – SUBSEQUENT EVENTS
On January 3, 2019, the Company entered into convertible note payable for $53,000, including loan fees of $3,000 and finders fee of $5,300, resulting in net proceeds of $44,700, with interest at 8%, due January 3, 2020, convertible after 180 days at a price of 65% of the average of the lowest two trading prices of the Company’s common stock during the 15 trading days prior to conversion.
On January 9, 2019, the Company entered an Employment Agreement for the position of Excutive Vice President of Corporate Development and Strategy. The Employment Agreement remains in effect until termination by either party, includes annual compensation of $150,000 per year, the issuance of 150,000 shares of the Company’s common stock within the first month of employment and the issuance of 250,000 shares at the 12 month anniversary of the Employment Agreement.
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