ORGANIZATION AND PRINCIPAL ACTIVITIES (Details Narrative) - $ / shares |
1 Months Ended | |||||||
---|---|---|---|---|---|---|---|---|
May 23, 2017 |
Mar. 17, 2017 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 22, 2015 |
Dec. 21, 2015 |
May 08, 2015 |
Dec. 31, 2014 |
|
Predecessor [Member] | ||||||||
Common stock, authorized | 15,000,000 | |||||||
Common stock, par value (in dollars per share) | $ 0.0001 | |||||||
Successor [Member] | ||||||||
Common stock, issued | 53,276,676 | 43,414,687 | 27,845,000 | |||||
Common stock, outstanding | 53,276,676 | 43,414,687 | 16,000,250 | |||||
Preferred stock, authorized | 10,000,000 | 10,000,000 | 150,000,000 | 10,000,000 | ||||
Preferred stock, issued | 1 | 0 | 5,000,000 | |||||
Common stock, authorized | 150,000,000 | 150,000,000 | 10,000,000 | 100,000,000 | 50,000,000 | |||
Common stock, par value (in dollars per share) | $ 0.0001 | $ 0.0001 | ||||||
Description of shares amendment |
Successor's articles of incorporation, authorizing one share of Series A Preferred stock, which would be issued to Joseph Segelman. The share of Series A Preferred stock shall vote together as a single class with the holders of the Company’s common stock, and the holders of any other class or series of shares entitled to vote with the common stock, with the holder of the Series A Preferred stock being entitled to fifty-one percent (51%) of the total votes on all such matters regardless of the actual number of shares of Series A Preferred stock then outstanding, and the holders of the common stock and any other shares entitled to vote shall be entitled to their proportional share of the remaining forty-nine percent (49%) of the total votes based on their respective voting power. |
On May 23, 2017, the Company issued the share of Series A Preferred stock to Joseph Segelman, which will allow Mr. Segelman to maintain fifty-one percent (51%) voting control of the Company regardless of how many shares of common stock are issued and outstanding. Therefore, the Company considers the Series A Preferred stock to be issued on May 23, 2017. |