Subsequent Events |
3 Months Ended |
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Mar. 31, 2019 | |
| Subsequent Events [Abstract] | |
| Subsequent Events |
12. Subsequent Events
The Company has evaluated subsequent events through May 15, 2019.
In 2019, our subsidiary, PhunCoin, Inc, commenced an offering of Rights pursuant to Regulation CF. On May 1, 2019, the Company closed the offering having raised $177, pursuant to which the holders of the Rights will receive an aggregate of approximately 88.7 million PhunCoin if the Token Generation Event occurs.
Through the date noted above, 1,350,033 warrants were exercised via cashless provisions that resulted in the issuance of 513,761 shares of common stock. |
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- References No definition available.
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- Definition 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
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