Annual report pursuant to Section 13 and 15(d)

Accrued Issuable Equity

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Accrued Issuable Equity
12 Months Ended
Dec. 31, 2020
Acrued Issuable Equity Textblock [Abstract]  
ACCRUED ISSUABLE EQUITY

NOTE 10 — ACCRUED ISSUABLE EQUITY


A summary of the accrued issuable equity activity during the years ended December 31, 2020 and 2019 is presented below:


Balance at January 1, 2019   $ 640,116  
Reclassification to equity     (979,365 )
Mark-to market     327,879  
Effect of FX translation     11,370  
Balance at December 31, 2019     -  
Additions     43,095  
Reclassification to equity     -  
Mark-to market     -  
Balance at December 31, 2020   $ 43,095  

During the year ended December 31, 2020, the Company entered into a contractual arrangement for services in exchange for shares of common stock of the Company for fixed dollar amounts. Pursuant to the contractual agreement, the Company will issue an aggregate value of $5,000 common shares on a monthly basis and an aggregate of $30,000 of common shares at the end of each quarter. As of December 31, 2020, the Company recorded $43,095 of accrued issuable equity related to services. See Note 14 – Commitment and Contingencies for more information on this contractual agreement. See Note 18 – Subsequent Events for additional information.