Annual report pursuant to Section 13 and 15(d)

Authorized Share Increase and Reverse Stock Split

v3.19.3.a.u2
Authorized Share Increase and Reverse Stock Split
12 Months Ended
Dec. 31, 2019
Authorized Share Increase and Reverse Stock Split [Abstract]  
Authorized Share Increase and Reverse Stock Split

Note 18 - Authorized Share Increase and Reverse Stock Split

 

On February 2, 2018, the Company filed a Certificate of Amendment to its Articles of Incorporation with the Secretary of State of the State of Nevada to increase the total number of authorized shares of common stock from 50,000,000 to 250,000,000, as approved by the Company's stockholders at a special meeting held on February 2, 2018.

 

On February 2, 2018, the Company filed a Certificate of Amendment to its Articles of Incorporation with the Secretary of State of the State of Nevada to effect a 1-for-30 reverse stock split of the Company's issued and outstanding shares of common stock, effective as of February 6, 2018.

 

On October 31, 2018, the Company filed a Certificate of Amendment to its Articles of Incorporation with the Secretary of State of the State of Nevada to effect a 1-for-40 reverse stock split of the Company's issued and outstanding shares of common stock, effective as of November 2, 2018.

 

On January 3, 2020, the Company filed a Certificate of Amendment to its Articles of Incorporation with the Secretary of State of the State of Nevada to effect a 1-for-45 reverse stock split of the Company's issued and outstanding shares of common stock, effective as of January 7, 2020.

 

The consolidated financial statements and accompanying notes give effect to the 1-for-30, 1-for-40 and 1-for-45 reverse stock splits and increase in authorized shares as if they occurred at the first period presented.