Annual report pursuant to Section 13 and 15(d)

STOCKHOLDERS EQUITY

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STOCKHOLDERS EQUITY
12 Months Ended
Dec. 31, 2019
Stockholders' Equity Attributable to Parent [Abstract]  
STOCKHOLDERS EQUITY
STOCKHOLDERS EQUITY
Common Stock
The Company is authorized to issue up to 190,000,000 shares of common stock (par value $0.0001). As of December 31, 2019 and 2018, the Company had 99,416,000 and 94,940,000 shares of common stock issued and outstanding, respectively.
Preferred Stock
The Company is authorized to issue up to 10,000,000 shares of $0.0001 par value preferred stock with designations, rights and preferences to be determined from time to time by the Board of Directors. Each such series or class shall have voting powers, if any, and such preferences and/or other special rights, with such qualifications, limitations or restrictions of such preferences and/or rights as shall be stated in the resolution or resolutions providing for the issuance of such series or class of shares of preferred stock. As of December 31, 2019, and 2018, there is no preferred stock issued and outstanding.