Subsequent Events (Details Narrative) - Subsequent Event [Member] - $ / shares |
1 Months Ended | |
---|---|---|
Feb. 07, 2020 |
Jan. 31, 2020 |
|
Special Meeting [Member] | ||
Voting rights, description | On February 7, 2020, the Company held a Special Meeting of Stockholders (the "Special Meeting") in Florida. The final results of voting for each matter submitted to a vote were as follows: 1. The proposal to amend the Company's Certificate of Incorporation (the "Charter") to increase the authorized number of our shares of Common Stock from 100,000,000 to 300,000,000 shares was approved with a vote of 30,938,676 shares FOR and 4,172,313 shares AGAINST the proposal. 2. The proposal to amend the Company's Charter to effect a reverse stock split of the outstanding shares of the Company's Common Stock by a ratio of not less than 1:2 shares and not more than 1:25 shares, with the exact ratio to be set at a whole number within this range by the Board of Directors of the Company in its sole discretion, was approved with a vote of 32,034,165 shares FOR and 3,072,686 shares AGAINST the proposal. 3. The proposal to adopt the Amended Omnibus Equity Incentive Plan was approved with a vote of 25,594,768 shares FOR and 2,333,068 shares AGAINST the proposal, with 455,735 shares abstaining from the vote. | |
Two Independent Directors [Member] | ||
Number of common stock options authorized | 1,000,000 | |
Independent Directors [Member] | ||
Number of common stock options authorized | 500,000 | |
Common stock options, exercise price | $ 0.02 | |
Vesting period | 10 years | |
Board Observer [Member] | ||
Number of common stock options authorized | 500,000 | |
Common stock options, exercise price | $ 0.02 | |
Vesting period | 10 years | |
Douglas R. Baum [Member] | ||
Common stock options, exercise price | $ 0.02 | |
Vesting period | 5 years | |
Options to purchase common stock | 200,000 | |
Vesting period, description | The options vest one-half in 12 months and the balance in 24 months. | |
Douglas R. Baum [Member] | One-Half [Member] | ||
Vesting period | 12 months | |
Douglas R. Baum [Member] | Balance [Member] | ||
Vesting period | 24 months | |
Service Provider [Member] | Investor Relations Agreement [Member] | ||
Number of restricted common shares issued | 5,000,000 |