Quarterly report pursuant to Section 13 or 15(d)

TEMPORARY EQUITY (Details Narrattive)

v3.10.0.1
TEMPORARY EQUITY (Details Narrattive)
Feb. 06, 2018
USD ($)
shares
Notes to Financial Statements  
Common stock issued for cash consideration, Shares | shares 5,000,000
Common stock issued for cash consideration, Amount | $ $ 7,500,000
Transaction Percentage 15.50%
Temporary equity Description

In addition, , the Company has agreed that, on or after April 1, 2022, upon ninety (90) days prior written notice, Steward may sell fifty percent (50%) of the common stock to the Company one-time during each of the following two (2) calendar years thereafter at a price equal to the purchase price under the Purchase Agreement pro-rated for the number of shares being purchased. Notwithstanding the foregoing, the put option shall automatically terminate and be of no further force and effect in the event the market capitalization (as defined in the Purchase Agreement) of the Company is equal to or more than $100,000,000 at any time after the date of the Purchase Agreement.