Subsequent Events (Details Narrative)
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6 Months Ended |
12 Months Ended |
22 Months Ended |
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Jan. 29, 2021
USD ($)
shares
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Sep. 02, 2020
USD ($)
$ / shares
shares
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Sep. 02, 2020
USD ($)
$ / shares
shares
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May 29, 2020
a
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Aug. 21, 2019
shares
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Aug. 15, 2019
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Apr. 10, 2019
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$ / shares
shares
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Jun. 30, 2019
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shares
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Jun. 30, 2018
USD ($)
shares
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Dec. 31, 2020
USD ($)
$ / shares
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Dec. 31, 2019
USD ($)
$ / shares
shares
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Dec. 31, 2018 |
May 10, 2021
shares
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Dec. 15, 2019
USD ($)
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Sep. 30, 2019
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Proceeds from 2nd NOACK sale | $ |
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$ 120,000
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Proceeds from note payable | $ |
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$ 863,124
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$ 4,832
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Subsequent Event [Member] |
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Business combination, control obtained description |
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On May 29, 2020, Petrolia Energy Corporation acquired a 50% working interest in approximately 28,000 acres located in the Utikuma Lake area in Alberta, Canada. The property is an oil-weighted asset currently producing approximately 500 bopd of low decline light oil. The working interest was acquired from Blue Sky Resources Ltd. in an affiliated party transaction as Zel C. Khan, the Company's Chief Executive Officer, is related to the ownership of Blue Sky. Blue Sky acquired a 100% working interest in the Canadian Property from Vermilion Energy Inc. via Vermilion's subsidiary Vermilion Resources. The effective date of the acquisition was May 1, 2020.
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Working interest percentage |
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50.00%
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Number of acres | a |
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28,000
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Common stock issued for subscriptions to third parties |
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1,000,641
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Subsequent Event [Member] | Private Placement [Member] |
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Proceeds from issuance of private placement | $ |
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$ 12,500
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Shares issued, price per share | $ / shares |
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$ 0.08
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$ 0.08
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Stock issued during period purchase |
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312,500
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Subsequent Event [Member] | Mark Allen [Member] |
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Warrants to purchase common stock |
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5,400,000
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Warrants exercise price per share | $ / shares |
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$ 0.08
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Warrants expiration term |
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36 months
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Compensation to be paid | $ |
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$ 30,000
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Shares issued, price per share | $ / shares |
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$ 0.09
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Secured loan | $ |
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$ 270,000
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Debt instrument, conversion price | $ / shares |
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$ 0.05
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Subsequent Event [Member] | Blue Sky Resources Ltd [Member] |
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Working interest percentage |
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100.00%
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Subsequent Event [Member] | Employment Agreement [Member] | Mark Allen [Member] |
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Warrants to purchase common stock |
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1,000,000
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1,000,000
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Warrants exercise price per share | $ / shares |
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$ 0.08
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$ 0.08
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Description on agreement terms |
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Mr. Allen's contract term is 6 months, with a cash payment of $90,000 in equal monthly installments of $15,000, including an option to extend. In addition, Mr. Allen is due to receive incentive compensation of 2,000,000 shares of common stock (1,000,000 were issued at signing and the remining shares are yet to be issued). He also is to receive 1,000,000 warrants at $0.08 per share that expire in 36 months and vest over a two-year period.
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Warrants expiration term |
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36 months
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36 months
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Warrants vesting period |
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2 years
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Number of stock issued related to compensation |
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2,000,000
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Compensation to be paid | $ |
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$ 90,000
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Subsequent Event [Member] | Settlement and Mutual Release Agreement [Member] | Paul Deputy [Member] |
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Description on agreement terms |
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In exchange for releasing the Company for any current, outstanding payroll and/or service-related liability at January 29, 2021, the Company agreed to pay Mr. Deputy $50,000, to be paid in $2,500 monthly increments, starting April 1, 2021. In addition, he is to be issued 250,000 shares of Petrolia common stock.
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Compensation to be paid | $ |
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$ 50,000
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Number of shares to be issued |
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250,000
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Subsequent Event [Member] | NOACK [Member] | Purchase and Sale Agreement [Member] | FlowTex Energy L.L.C. [Member] |
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Debt principal payment | $ |
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$ 400,000
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Deposit | $ |
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$ 20,000
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$ 380,000
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Proceeds from 2nd NOACK sale | $ |
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$ 375,000
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Receivable for the sale | $ |
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25,000
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Gain on sale of properties | $ |
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$ 400,000
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Common Stock [Member] |
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Number of stock issued related to compensation |
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600,000
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Number of common stock issued |
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Promissory Note [Member] | Subsequent Event [Member] |
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Proceeds from note payable | $ |
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$ 125,000
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Debt instrument interest rate percentage |
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10.00%
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10.00%
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Number of shares to be issued |
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500,000
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500,000
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Debt maturity date |
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Jun. 01, 2020
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Jovian Petroleum Corporation [Member] |
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Debt instrument interest rate percentage |
[1] |
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3.50%
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3.50%
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Debt maturity date |
[1] |
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Feb. 09, 2019
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Feb. 09, 2019
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Jovian Petroleum Corporation [Member] | Debt Private Placements [Member] |
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Proceeds from issuance of debt | $ |
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$ 50,000
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Related party transaction description |
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These proceeds included $10,000 of cash and a $40,000 reduction in the Jovian LOC.
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Warrant to purchase upon conversion |
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1,250,000
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Share price | $ / shares |
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$ 0.08
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Jovian Petroleum Corporation [Member] | Debt Private Placements [Member] | Subsequent Event [Member] |
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Number of shares issued upon conversion |
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625,000
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Jovian Petroleum Corporation [Member] | Debt Private Placements [Member] | Common Stock [Member] |
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Number of shares issued upon conversion |
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625,000
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Joel Oppenheim [Member] | Subsequent Event [Member] |
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Warrants to purchase common stock |
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10,000
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Proceeds from exercise of warrants | $ |
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$ 1,000
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Warrants exercise price per share | $ / shares |
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$ 0.10
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Debt forgiveness | $ |
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$ 10,000
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Joel Oppenheim [Member] | Warrants [Member] | Subsequent Event [Member] |
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Warrants to purchase common stock |
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150,000
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Proceeds from exercise of warrants | $ |
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$ 15,000
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Warrants exercise price per share | $ / shares |
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$ 0.10
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Joel Oppenheim [Member] | Debt Private Placements [Member] |
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Proceeds from issuance of debt | $ |
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$ 50,000
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Related party transaction description |
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These proceeds included $10,000 of cash and a $10,000 reduction in a bridge loan and a $30,000 reduction in shareholders advances.
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Warrant to purchase upon conversion |
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1,250,000
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Share price | $ / shares |
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$ 0.08
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Joel Oppenheim [Member] | Debt Private Placements [Member] | Subsequent Event [Member] |
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Number of shares issued upon conversion |
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625,000
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Joel Oppenheim [Member] | Debt Private Placements [Member] | Common Stock [Member] |
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Number of shares issued upon conversion |
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625,000
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American Resource Offshore Inc. [Member] | Debt Private Placements [Member] |
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Proceeds from issuance of debt | $ |
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$ 25,000
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Related party transaction description |
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These proceeds included $5,000 of cash and a $20,000 reduction in a bridge loan.
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Warrant to purchase upon conversion |
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625,000
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Share price | $ / shares |
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$ 0.08
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American Resource Offshore Inc. [Member] | Debt Private Placements [Member] | Subsequent Event [Member] |
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Number of shares issued upon conversion |
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312,500
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American Resource Offshore Inc. [Member] | Debt Private Placements [Member] | Common Stock [Member] |
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Number of shares issued upon conversion |
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312,500
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Leo Womack [Member] |
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Debt instrument interest rate percentage |
[2] |
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Leo Womack [Member] | Debt Private Placements [Member] |
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Proceeds from issuance of debt | $ |
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$ 25,000
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Related party transaction description |
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These proceeds included $5,000 of cash and a $3,000 reduction in a shareholder advance balance and a $17,000 reduction in accrued board compensation from 2016.
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Warrant to purchase upon conversion |
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625,000
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Share price | $ / shares |
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$ 0.08
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Leo Womack [Member] | Debt Private Placements [Member] | Subsequent Event [Member] |
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Number of shares issued upon conversion |
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312,500
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Leo Womack [Member] | Debt Private Placements [Member] | Common Stock [Member] |
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Number of shares issued upon conversion |
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312,500
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Mark Allen [Member] | Subsequent Event [Member] |
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Warrants to purchase common stock |
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1,650,000
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1,650,000
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Proceeds from exercise of warrants | $ |
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$ 82,500
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Warrants exercise price per share | $ / shares |
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$ 0.05
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$ 0.05
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Description on agreement terms |
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All of Mr. Khan's previous salary obligation will be satisfied by the issuance of 1,992,272 shares of the Company, within 15 days of the signed agreement.
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Number of stock issued related to compensation |
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1,992,272
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