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 Option, Mr. Palmer vests, and can exercise the Option, with respect to 30,000,000 shares when the Company’s market capitalization first reaches $7 million, another 40,000,000 shares vest under the Option when the Company’s market capitalization reaches $15 million, and 40,000,000 shares vest when the Company’s market capitalization first reaches $25 million | ||
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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