v3.21.2

PREFERRED STOCK (Details) - $ / shares	Nov. 13, 2018	Jun. 30, 2021	Dec. 31, 2020
Series B Preferred Stock
Class of Stock [Line Items]
Preferred Stock, Shares Issued	25,000,000	25,000,000	25,000,000
Preferred Stock, Shares Outstanding		25,000,000	25,000,000
Preferred Stock, Shares Subscribed but Unissued	50,000,000
Preferred Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001	$ 0.001
Preferred Stock Convertible Conversion price	$ 1
Preferred Stock, Voting Rights	Holders of shares of Series B Preferred Stock are entitled to vote with shareholders of the Company’s common stock, voting together as a single class, except on matters that require a separate vote of the holders of Series B Preferred Stock. In any such vote, each share of Series B Preferred Stock is entitled to 20 votes per share.
Series A Preferred Stock
Class of Stock [Line Items]
Preferred Stock, Shares Issued		0	0
Preferred Stock, Shares Outstanding		0	0
Preferred Stock, Par or Stated Value Per Share		$ 0.001	$ 0.001

Represents conversion price of preferred stock.

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Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer.

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The number of nonredeemable preferred stock (shares) (or preferred stock redeemable solely at the option of the issuer) allocated to investors to buy shares of a new issue of preferred stock before they are offered to the public. When stock is sold on a subscription basis, the issuer does not initially receive the total proceeds. In general, the issuer does not issue the shares to the investor until it receives the entire proceeds.

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Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt.

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Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased.

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Description of voting rights of nonredeemable preferred stock. Includes eligibility to vote and votes per share owned. Include also, if any, unusual voting rights.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644

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AMERICAN EDUCATION CENTER, INC. 10-Q