|3 Months Ended|
Mar. 31, 2020
|Note 19 - SUBSEQUENT EVENTS||
On April 28, 2020, the Company received $5,000 from the U.S. Small Business Administration (the “SBA”) as an advance on the Economic Injury Disaster Loan (“EIDL”) for which the Company has applied. The EIDL was authorized pursuant to the Coronavirus Aid, Relief, and Economic Security Act. As of May 13, 2020, the Company had not yet received notification from the SBA as to whether the Company had been approved or denied an EIDL. Regardless of the loan application’s outcome, the Company does not have to repay the $5,000.
As of April 30, 2020, the Company issued an aggregate of 9,204 shares of its common stock for consulting services and scientific advisory board compensation valued at $18,040.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef