Subsequent Events | 11. Subsequent Events During the month of July 2017, the company procured settlements with three note holders. The settlements were a result of the company’s renegotiating of the terms of the original notes. The new terms included the waiving of all additional interest, waiving of default fees, conversion standstill and restrictions on the number of conversions per month, and fixed balances. The notes affected by these settlements were with EMA Financial, Essex Global Investment Corp, and LG Capital. On October 25, 2017, the Company entered into a definitive purchase agreement with Net Bee Wireless, Inc. The purchase was contingent on the Company making the purchase price payment. The deal was rescinded on February, 2018 as a result of the company not opting to follow through on the purchase. During the month of December 2017, the company issued a promissory note in the amount of $ 60,000 During the month of December 2017, the Company converted a total of $ 26,031 276,163,333 During the month of December 2017, the Company issued 500,000 During the first quarter 2018, the company acquired the assets of Naked Papers and is currently selling the product under its brand name, Naked Papers under the subsidiary, Naked Papers Brand, Inc., incorporated in the state of Florida. During the month of January 2018, the Company converted a total of $ 63,734 1,262,266,666 During the month of February 2018, the Company converted a total of $ 38,925 768,225,915 During the month of March 2018, the Company converted a total of $ 14,550 306,000,000 Anthony J Rivera brought a lawsuit against the company on May 29, 2018. Case number: CACE18012914 in the 17th circuit court of Broward County, Florida. The note holder sued for enforcement of a note issued by the company on December 1, 2015. The case was settled, and the note was amended with a more favorable 50% discount, 5 day look back term on the note. The settlement occurred in September, 2018. The company is working with the note holder to convert the settled amount into stock of the company. On September 28, 2018, the company filed a lawsuit against Cuentas, Inc. (OTCQB: CUEN), f/k/a Next Group Holdings, Inc/Meimoun & Mammon, LLC/Next Mobile, LLC in the 11th circuit court of Miami-Dade County, Florida. Case number: 2018-032974-CA-01 is still ongoing. The case was filed due to CUEN failing to perform on a contract signed in July, 2015. The company is suing for damages and the return of the funds paid for the undelivered Mobile Virtual Network Operator (MVNO) platform. During the month of February 2019, the Company issued 250,000,000 During the month of February 2019, the Company converted a total of $ 16,900 338,000,000 During the month of March 2019, the Company converted a total of $ 18,500 370,000,000 During the month of April 2019, the Company converted a total of $ 15,000 300,000,000 During the month of December 2020, the Company converted a total of $ 3,900 93,000,000 During the month of January 2021, the Company converted a total of $ 51,388 599,867,533 During the month of January 2021, the Company converted the partial monetary value of a consultants’ contract into 441,977,932 During the month of February 2021, the Company converted the partial monetary value of a consultants’ contract into 34,000,000 During the month of February 2021, a shareholder converted 55,555 55,555,000 During the month of February 2021, the Company converted a total of $ 49,259 164,198,867 During the month of March 2021, 23,574,570 During the month of March 2021, preferred B shareholders converted 6,000 30,000,000 During the month of March 2021, the Company converted a total of $ 7,000 46,666,667 During the month of April 2021, the company converted a total of $ 62,966 155,471,605 During the month of May 2021, the company restated a promissory note as convertible in the amount of $ 100,000 400,000,000 During the month of May 2021, the company converted a total of $ 54,934 73,246,253 During the month of May 2021, a third-party accredited investor/noteholder cancelled and returned 155,471,605 During the month of May 2021, 25,000,000 During the month of May 2021, the company converted a total of $ 52,021.00 115,602,222 During the month of May 2021, the company sold 40,000,000 10,000 |