Commitments and Contingencies (Details Narrative) - Employment Agreement [Member] - USD ($) |
6 Months Ended | ||
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Mar. 13, 2020 |
Sep. 28, 2015 |
Jun. 30, 2020 |
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Commitments And Contingencies [Line Items] | |||
Agreement expires date | Dec. 31, 2020 | ||
Chief Executive Officer [Member] | |||
Commitments And Contingencies [Line Items] | |||
Agreement term | 3 years | ||
Salaries, wages and officers' compensation | $ 401,700 | ||
Annual percentage increase of compensation | 3.00% | ||
Mr. Mathis [Member] | |||
Commitments And Contingencies [Line Items] | |||
Percentage of salary adjustment based upon milestone achievement | 3.00% | ||
Milestone achievement, description | The Board of Directors also approved the payment of Mr. Mathis' cost of living salary adjustment of 3% for the years 2019 and 2020 to be paid in equal monthly installments beginning January 1, 2021, provided the Company has uplisted to a national stock exchange. The Board of Directors granted a retention bonus to Mr. Mathis that consists of the real estate lot on which Mr. Mathis has been constructing a home at Algodon Wine Estates, to vest in one-third increments over the next three years (the "Retention Period"), provided Mr. Mathis's performance as an employee with the Company continues to be satisfactory, as deemed by the Board of Directors. The current market value of the lot is $115,000, and before ownership of the lot can be transferred to Mr. Mathis, the Company must be legally permitted to issue a deed for the property. | ||
Milestone payment based upon achievement | $ 115,000 | ||
Percentage of voluntarily deferred payment for salary | 85.00% |
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- Definition Amount of expense for salary and wage arising from service rendered by nonofficer and officer employees. Excludes allocated cost, labor-related nonsalary expense, and direct and overhead labor cost included in cost of good and service sold. No definition available.
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