COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($) |
1 Months Ended | ||
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May 07, 2020 |
Jan. 15, 2019 |
Oct. 16, 2018 |
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Chief Executive Officer | |||
Base Salary Amount | $ 300,000 | ||
Executive Vice President | |||
Options, Granted, Weighted Average Exercise Price | $ 0.0154 | $ 0.02 | |
Base Salary Amount | $ 350,000 | $ 310,000 | |
Non-qualified options, Granted | 110,000,000 | 50,000,000 | |
Options expire term | 5 years | 5 years | |
Options exercise, description | Under the Convertible Note, Mr. Palmer has the right, exercisable at any time until the Convertible Note is fully paid, to convert all or any portion of the outstanding principal balance and accrued and unpaid interest into shares of the Company’s Common Stock at an exercise price of $0.154 per share. | ||
Executive Vice President | Share-based Payment Arrangement, Tranche One [Member] | |||
Option vest | $ 7,000,000 | ||
Executive Vice President | Share-based Payment Arrangement, Tranche Two [Member] | |||
Option vest | 15,000,000 | ||
Executive Vice President | Share-based Payment Arrangement, Tranche Three [Member] | |||
Option vest | $ 25,000,000 |
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- Definition Base Salary Amount No definition available.
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- References No definition available.
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- Definition The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Weighted average per share amount at which grantees can acquire shares of common stock by exercise of options. No definition available.
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- Definition Period from grant date that an equity-based award expires, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Fair value of options vested. Excludes equity instruments other than options, for example, but not limited to, share units, stock appreciation rights, restricted stock. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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