1-A POS
LIVE
0001604930
XXXXXXXX
024-11514
true
Life Clips, Inc.
WY
2013
0001604930
3861
46-2378100
65
0
2875 NE 191st ST.
SUITE 500-#218
AVENTURA
FL
33180
800-292-8991
Jonathan Leinwand
Other
855759.00
0.00
1254154.00
1255943.00
50624450.00
577480.00
14706215.00
26119132.00
24505318.00
50624450.00
2964111.00
-2289938.00
0.00
3354075.00
0.00
0.00
Accell Audit & Compliance, P.A.
Common Stock
2439364531
53185D107
OTC Markets
Series A
5000000
000000000
None
Series B
5760000
000000000
None
Series C
2000000
000000000
None
Debt Securities
0
000000000
None
true
true
Tier2
Audited
Equity (common or preferred stock)
Y
N
Y
Y
N
N
1000000000
2439364531
0.0010
1000000.00
0.00
0.00
0.00
1000000.00
Accell Audit & Compliance, P.A.
10000.00
Jonathan D. Leinwand, P.A.
10000.00
950000.00
The Company expects to have marketing and other offering related expenses of $30,000
true
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Life Clips, Inc.
(i) Preferred Series B stock
5760000
0
Pursuant to an Acquisition Agreement between the Company and Belfrics, the Company issued 2,000,000 shares of its Series C Preferred Stock to the stockholders of Belfrics. In addition to the Series C shares, the previous Cognitive Apps shareholders, on a pro-rata basis, will receive warrants to purchase a total of 3,500,000 shares of the common shares of the Company at an exercise price of $0.10. Pursuant to an Acquisition Agreement between the Company and Belfrics, the Company issued 2,000,000 shares of its Series C Preferred Stock to the stockholders of Belfrics.
Life Clips, Inc.
(ii) Preferred Series C stock and
2000000
0
Pursuant to Acquisition Agreement between the Company and Cognitive Apps, the Company issued 5,760,000 shares of Series B Preferred stock convertible based on 80% of average of the 5 lowest closing prices for a share of common stock on the principal exchange or market on which such shares are then traded for the 20 trading days immediately preceding such date. In addition to the Series B shares, the previous Cognitive Apps shareholders, on a pro-rata basis, will receive warrants to purchase a total of 3,500,000 shares of the common shares of the Company at an exercise price of $0.10.
Life Clips, Inc.
(iii) Warrants
3500000
0
Pursuant to Acquisition Agreement between the Company and Cognitive Apps, the Company issued 5,760,000 shares of Series B Preferred stock convertible based on 80% of average of the 5 lowest closing prices for a share of common stock on the principal exchange or market on which such shares are then traded for the 20 trading days immediately preceding such date. In addition to the Series B shares, the previous Cognitive Apps shareholders, on a pro-rata basis, will receive warrants to purchase a total of 3,500,000 shares of the common shares of the Company at an exercise price of $0.10.
4(a)(2)