|9 Months Ended|
Sep. 30, 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 accompanying condensed consolidated financial statements.
Foreign Currency Exchange Rates
The Argentine peso to United States dollar exchange rate was 17.5128, 17.6340 and 15.9681 at November 9, 2017, September 30, 2017 and December 31, 2016, respectively.
Sale of Series B Preferred Stock
Subsequent to September 30, 2017, the Company issued 113,290 of its Series B Preferred Stock for cash proceeds of $1,132,897.
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