SUBSEQUENT EVENT |
9 Months Ended |
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Sep. 30, 2021 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENT |
NOTE K – SUBSEQUENT EVENT
At the Special Meeting of Stockholders held on October 27, 2021, the Company’s stockholders approved (1) an amendment to the Company’s Amended and Restated Articles of Incorporation to increase the authorized shares of Company common stock from 190,000,000 shares to 475,000,000 shares and (2) the issuance of shares of Company common stock to accommodate the warrant issued to VDA to purchase 105,380,666 additional shares of common stock pursuant to the terms of the Stock Purchase Agreement. |
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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://www.xbrl.org/2003/role/disclosureRef
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