12. Changes in Stockholders' Equity
|9 Months Ended|
Sep. 30, 2018
|Changes in Stockholders' Equity||
Note 12 – Changes in Stockholders’ Equity
The Company has 20,000,000 authorized shares of $0.001 par value preferred stock. No shares have been issued to date.
The Company has 500,000,000 authorized shares of $0.001 par value common stock.
On September 26, 2017, the Company issued 199,811,421 shares of common stock in a Rights Offering, raising gross proceeds of $2,397,737, and issued an additional 232,008,789 shares in a private placement (the Backstop Agreement), raising gross proceeds of $2,784,102. The Company incurred $130,164 in costs associated with the Rights Offering and Backstop Agreement.
The Company issued 45,000 shares during the nine months ended September 30, 2018 as a result of warrant exercises, receiving net proceeds of $450.
The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef