|3 Months Ended|
Mar. 31, 2017
|Subsequent Events [Abstract]|
14. SUBSEQUENT EVENTS
Management has evaluated all subsequent events to determine if events or transactions occurring through the date the condensed consolidated financial statements were issued, require adjustment to or disclosure in the condensed consolidated financial statements.
Between April 1, 2017 and May 8, 2017, the Company issued 36,500 shares of Series B convertible preferred stock for cash proceeds of $365,000.
Foreign Currency Exchange Rates
The Argentine peso to United States dollar exchange rate was 15.4883, 15.4096 and 15.9681 at May 9, 2017, March 31, 2017 and December 31, 2016, respectively.
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/presentationRef