Subsequent Events |
12 Months Ended |
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Dec. 31, 2018 | |
| Subsequent Events [Abstract] | |
| Subsequent Events |
NOTE 14 - SUBSEQUENT EVENTS
On January 18, 2019, in connection with the closing of EPH’s second acquisition and additional equity funding, the Company purchased 53,970 Class B Units in EPH for $21,588. With this purchase, the Company maintained its 19.9% voting interest in EPH. Also in connection with this acquisition closing, EPH paid the Company an additional $500,000 annual management fee.
In March 2019, the Company signed modification agreements with the two holders of the Company’s Preferred Stock and Convertible Debentures to extend the redemption and maturity dates of those securities to July 1, 2019, and to waive any prior defaults thereunder. |
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- References No definition available.
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- Definition 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
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