| Subsequent Events |
|
● |
On April 14, 2021,
The Company successfully negotiated and retired a $731,118 payable for $20,000. |
|
● |
On April 19, 2021,
The Company closed a financing round of $4,500,000. This financing consisted of
$3,000,000 raised in cash, and the rollover of $1,500,000 of pre-existing convertible debt
into equity. This financing allowed the company to successfully retire all convertible
debt from the balance sheet. Over $1,400,000 of cash was infused into the Company
after debt payoff and transaction fees. As part of the settlement of the pre-existing debt, 1,200,000 shares of NGTF common stock were issued to Eagle
Equities. |
|
● |
On May 4, 2021,
The Company issued 72,288 shares to vendors and consultants for services provided. |
|
| 19. |
Subsequent Events |
● |
Subsequent
to the end of the Fiscal Year, noteholder Eagle Equities converted $347,000 of principal and $36,448.23 of interest of outstanding
notes to stock. The average conversion price in these transactions was $.117. 3,288,917 shares were issued to the noteholder
in these transactions. |
| |
|
|
|
| |
|
● |
On August 12, 2020
the Company entered into a convertible promissory note and security purchase agreement dated and funded August 12, 2020, in
the amount of $205,700. The lender was Eagle Equities, LLC. |
| |
|
|
|
| |
|
● |
On October 13, 2020 the Company entered into a convertible promissory
note and security purchase agreement dated and funded October 13, 2020, in the amount of $205,700. The lender was Eagle Equities,
LLC. |
|