24holdings 10-Q 5 May 15 2015 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 31, 2015	4-May-15
Document Information [Line Items]
Entity Registrant Name	24HOLDINGS INC
Entity Central Index Key	1025315
Current Fiscal Year End Date	-19
Entity Filer Category	Smaller Reporting Company
Trading Symbol	TWFH
Entity Common Stock, Shares Outstanding		2,071,544
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	31-Mar-15
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2015

CONDENSED_BALANCE_SHEETS

CONDENSED BALANCE SHEETS (USD $)	Mar. 31, 2015	Dec. 31, 2014
ASSETS
Cash	$56,767	$75,532
Prepaid assets	3,417	5,292
TOTAL CURRENT ASSETS	60,184	80,824
LIABILITIES AND SHAREHOLDERS’ (DEFICIT)
Accrued expenses	13,332	9,972
Convertible note payable - related party, net	81,040	71,695
TOTAL CURRENT LIABILITIES	94,372	81,667
COMMITMENTS AND CONTINGENCIES	0	0
SHAREHOLDERS' (DEFICIT):
Preferred stock; $0.001 par value, 5,000,000 authorized, none issued and outstanding, respectively	0	0
Common stock, $.001 par value; 100,000,000 shares authorized, 2,071,544 shares issued and outstanding, respectively	2,072	2,072
Additional paid-in capital	11,048,481	11,048,481
Accumulated deficit	-11,084,741	-11,051,396
Total shareholders’ (deficit)	-34,188	-843
TOTAL LIABILITIES AND SHAREHOLDERS’ (DEFICIT)	$60,184	$80,824

CONDENSED_BALANCE_SHEETS_Paren

CONDENSED BALANCE SHEETS [Parenthetical] (USD $)	Mar. 31, 2015	Dec. 31, 2014
Preferred stock, par value (in dollars per share)	$0.00	$0.00
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares, issued	2,071,544	2,071,544
Common stock, shares, outstanding	2,071,544	2,071,544

CONDENSED_STATEMENTS_OF_OPERAT

CONDENSED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Revenues	$0	$0
Expenses
General and administrative	22,640	25,000
Total operating expenses	22,640	25,000
Other expense - interest	10,705	0
Net loss before provision for income tax	-33,345	-25,000
Income taxes	0	0
Net loss	($33,345)	($25,000)
Basic and diluted loss per share (in dollars per share)	($0.02)	($0.01)
Weighted average number of common shares - basic and diluted (in shares)	2,071,544	2,071,544

CONDENSED_STATEMENTS_OF_CASH_F

CONDENSED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	($33,345)	($25,000)
Adjustments to reconcile net loss to net cash used in operating activities:
Debt discount	9,345	0
Changes in operating assets and liabilities:
Prepaid expenses	1,875	1,875
Accrued expenses	3,360	252
NET CASH USED IN OPERATING ACTIVITIES	-18,765	-22,873
NET DECREASE IN CASH AND CASH EQUIVALENTS	-18,765	-22,873
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	75,532	47,165
CASH AND CASH EQUIVALENTS AT END OF PERIOD	56,767	24,292
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION
Interest paid	0	0
Income taxes	$0	$0

DESCRIPTION_OF_COMPANY

DESCRIPTION OF COMPANY	3 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation Of Financial Statements [Abstract]
Nature of Operations [Text Block]	NOTE 1 - DESCRIPTION OF COMPANY
	We are a Delaware corporation formerly known as Scoop, Inc. In April 2001, Scoop, Inc. amended its Certificate of Incorporation to change its name to 24Holdings Inc. (“we”, “our”, “us” or “24Holdings”). Prior to September 30, 2005, 24Holdings was a holding company that conducted its business operations through its wholly owned subsidiary 24STORE (Europe) Limited, a company incorporated under the laws of England formerly known as 24STORE.com Limited ("24STORE"). 24STORE commenced business operations in 1996 and focused on the sale of media products and business information services. Commencing in July 1998, we underwent voluntary reorganization under Chapter 11 of the United States Bankruptcy Code. In accordance with the Plan of Reorganization approved by the Bankruptcy Court in December 1999, InfiniCom, AB (now known as Avalon Innovation AB), a Swedish registered company (“Infinicom”), acquired 91% of our outstanding stock in exchange for 100% of the stock of 24STORE. Subsequent to Infinicom’s acquisition in 1999 and until September 30, 2005, the business operations of 24STORE, which represented all of our operations, were devoted to supplying business customers with computer and electronics products.
	On October 23, 2006 (the “Effective Date”), we implemented a 1 for 125 reverse stock split (the “Reverse Split”) of our common stock par value $.001 per share (“Common Stock”). Pursuant to the Reverse Split, each 125 shares of Common Stock issued and outstanding as of the Effective Date was converted into one (1) share of Common Stock. The Reverse Split also reduced the number of shares of Common Stock into which each share of Series A Convertible Preferred Stock, par value $.001 per share (the “Preferred Stock”) could be converted from 100 shares to 0.8 shares. All per share data herein has been retroactively restated to reflect the Reverse Split.
	The interim financial information as of March 31, 2015 and for the three month periods ended March 31, 2015 and 2014 have been prepared without audit, pursuant to the rules and regulations of the United States Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations, although we believe that the disclosures made are adequate to provide for fair presentation. These financial statements should be read in conjunction with the financial statements and the notes thereto, included in our Annual Report on Form 10-K for the year ended December 31, 2014, previously filed with the SEC.
	In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present a fair statement of our financial position as of March 31, 2015, results of operations for the three months ended March 31, 2015 and 2014, and cash flows for the three months ended March 31, 2015 and 2014, have been made. The results of operations for the three months ended March 31, 2015 are not necessarily indicative of the operating results that may be expected for the full fiscal year or any future periods.
	CHANGE OF OWNERSHIP TRANSACTIONS
	On May 26, 2005, we entered into a series of agreements with Infinicom in connection with our sale of all of the outstanding stock of 24STORE (the “24STORE Sale”) and separately, the assignment of all rights and title to certain trademarks and domain names (the “IP Assets”) that we held (the “IP Assignment”). Pursuant to the terms of the 24STORE Sale, Infinicom paid us $100,000 for our 24STORE shares and pursuant to the IP Assignment, we paid for the IP Assets through a set-off against all outstanding and contingent liabilities we owed to Infinicom determined as of the closing date of the 24STORE Sale, which amounted to $603,830.
	On May 26, 2005, we also entered into a Preferred Stock Purchase Agreement with Infinicom (the “Preferred Stock Agreement”) pursuant to which we sold to Infinicom 344,595 shares of our Preferred Stock in exchange for the discharge of $230,879 of outstanding debt owed to Infinicom. Each share of the Preferred Stock was convertible into 0.8 shares of our Common Stock at the holder’s option.
	On May 26, 2005, Infinicom, 24Holdings, Moyo Partners, LLC (“Moyo”) and R&R Biotech Partners, LLC (“R&R”, and together with Moyo, the “Purchasers”) entered into a Common Stock Purchase Agreement (the “Infinicom Sale Agreement”) pursuant to which, Infinicom agreed to sell to the Purchasers an aggregate of 873,369 shares of Common Stock (which included shares issuable upon conversion of the Preferred Stock) which represented approximately 83.6% of the then issued and outstanding shares of Common Stock (the “Infinicom Sale”). In return, the Purchasers (i) paid to Infinicom $500,000 in cash, and (ii) agreed that upon the occurrence of one of several post-closing events, including a merger with one or more as yet unidentified private unaffiliated operating companies, to cause 24Holdings to issue to Infinicom shares of Common Stock representing 1% of the then issued and outstanding shares of Common Stock on a fully diluted basis (the “Infinicom Additional Shares”). The consummation of the Infinicom Sale was contingent on the contemporaneous closing of the 24STORE Sale and the IP Assignment.
	On September 30, 2005, 24Holdings and Infinicom completed the transactions contemplated in the 24STORE Sale, the IP Assignment and the Preferred Stock Agreement as described above. Infinicom forgave the $603,830 of debt 24Holdings owed to them in consideration of the IP Assignment.
	Effective September 30, 2005, Infinicom completed the sale to the Purchasers, under the Infinicom Sale Agreement, of 597,693 shares of Common Stock (which represented 77.7% of the 769,226 shares of Common Stock then issued and outstanding) and 344,595 shares of Preferred Stock, constituting 83.6% in the aggregate of the then issued and outstanding Common Stock (assuming the conversion of the Preferred Stock into 275,676 shares of Common Stock). As a result, the Purchasers acquired control of 24Holdings from Infinicom, with R&R beneficially owning 698,696 shares of Common Stock (assuming the conversion by R&R of 275,676 shares of Preferred Stock into 220,541 shares of Common Stock) constituting 66.9% of the then issued and outstanding shares of Common Stock, and Moyo in the aggregate beneficially owning 174,674 shares of Common Stock (assuming the conversion by Moyo of 68,919 shares of Preferred Stock into 55,135 shares of Common Stock) constituting 16.7% of the then issued and outstanding shares of Common Stock.
	Effective September 30, 2005 Urban von Euler resigned as our president and a director but remained our chief executive officer. Also, effective September 30, 2005, Larsake Sandin resigned as a director and each of Arnold P. Kling and Kirk M. Warshaw were appointed as directors of 24Holdings. On November 21, 2005, effective with the filing of our Form 10-Q for the quarter ended September 30, 2005, Mr. von Euler resigned as chief executive officer and Mr. Kling was appointed president and treasurer and Mr. Warshaw was appointed chief financial officer and secretary.
	On November 25, 2005, the Infinicom Sale Agreement was amended to provide, among other criteria, that the fair market value of the Infinicom Additional Shares would be no less than $400,000 nor more than $600,000 at the time such shares are required to be issued to Infinicom.
	On February 1, 2006, a total of 250,000 shares of Preferred Stock were authorized for issuance to two individuals who provided services to us. On May 12, 2006, we issued 150,000 and 100,000 shares, respectively, of Preferred Stock to Arnold P. Kling and Kirk M. Warshaw for their services as our president and chief financial officer, respectively. Each share of Preferred Stock is immediately convertible, at the holder's option, into 0.8 shares of Common Stock. Mr. Kling's services were valued at $11,250 and Mr. Warshaw's services were valued at $7,500.
	On November 29, 2006, the holders of all the issued and outstanding shares of Preferred Stock elected to convert all of their Preferred Stock into shares of Common Stock. As a result, the 594,595 shares of Preferred Stock outstanding were exchanged for 475,676 shares of Common Stock.
	On May 9, 2013, we entered into an amendment to the Infinicom Sale Agreement (the “Amendment”) pursuant to which Infinicom’s rights to the Infinicom Additional Shares was converted into 138,222 shares of Common Stock. We recognized non-cash expense of $26,924 associated with this conversion.
	On May 9, 2013, we raised total gross proceeds of $134,000 from the sale of an aggregate of 688,420 shares of Common Stock at a price of $0.1946488 per share. 344,210 of these shares were sold to Hudson Bay Master Fund Ltd. (“Hudson”) and the other 344,210 shares were sold to Iroquois Master Fund Ltd. (“Iroquois”). The sale to Hudson and Iroquois was exempt from the registration requirements of the Securities Act of 1933, as amended (the “Act”) pursuant to Sections 4(a)(2) and 4(a)(5) of the Act.
	Prior to May 9, 2013, each of Hudson and Iroquois acquired 349,348 shares of Common Stock at a purchase price of $68,000, or $0.194648 per share, from the Chapter 7 Trustee of the Estates of Rodman & Renshaw, LLC (“Rodman”), Direct Markets, Inc., and Direct Markets Holdings, Corp. in Chapter 7 bankruptcy proceedings pending in the United States Bankruptcy Court for the Southern District of New York (Cases No. 13-10087, 13-10088 and 13-10089). These shares were all the shares of Common Stock beneficially owned by R&R, an affiliate of Rodman.
	On July 24, 2014, we issued convertible promissory notes (the “2014 Notes”) in the principal amount of $55,000 to each of Iroquois Master Fund Ltd and Hudson Bay Master Fund Ltd. (an aggregate of $110,000). The 2014 Notes have a maturity date of December 31, 2015 and bear interest at the rate of 5.0% per annum, payable at maturity. The principal and accrued interest on the 2014 Notes are convertible at the “Conversion Price” (as defined in the 2014 Notes) into shares of Common Stock at the option of the holder, subject to the “Beneficial Ownership Cap” (as defined in the 2014 Notes), or upon the consummation of a “Fundamental Transaction” (as defined in the 2014 Notes). The proceeds of the 2014 Notes have been utilized by us to fund our working capital needs.
	As of March 31, 2015, our authorized capital stock consists of 100,000,000 shares of Common Stock and 5,000,000 shares of Preferred Stock of which 2,071,544 shares of Common Stock, and no shares of Preferred Stock, were issued and outstanding. All shares of Common Stock currently outstanding are validly issued, fully paid and non-assessable.
	THE COMPANY TODAY
	Since September 30, 2005, our purpose has been to serve as a vehicle to acquire an operating business and is currently considered a "shell" or blank check company inasmuch as we are not generating revenues, do not own an operating business, and have no specific plan other than to engage in a merger or acquisition transaction with a yet-to-be identified company or business. We have no employees and no material assets.

BASIS_OF_PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation Of Financial Statements [Abstract]
Basis of Accounting [Text Block]	NOTE 2 – BASIS OF PRESENTATION
	The condensed financial statements have been prepared by us, without audit, pursuant to the rules and regulations of the SEC. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, the accompanying condensed financial statements include all adjustments (consisting of normal, recurring adjustments) necessary to make our, results of operations and cash flows not misleading as of March 31, 2015. The results of operations for the three months ended March 31, 2015 are not necessarily indicative of the results of operations for the full year or any other interim period. These condensed financial statements should be read in conjunction with the financial statements and the notes thereto, included in our Annual Report on Form 10-K for the year ended December 31, 2014, previously filed with the SEC.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Going Concern - The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplates that we will continue as a going concern. Our purpose has been to serve as a vehicle to acquire an operating business and we are currently considered a “shell” company inasmuch as we are not generating revenues, we do own an operating business, and have no specific plan other than to engage in a merger or acquisition transaction with a yet-to-be-identified operating company or business. We currently have no definitive agreements or understandings with any prospective business combination candidates and there are no assurances that we will find a suitable business with which to combine. The implementation of our business objectives is wholly contingent upon a business combination and/or the successful sale of our securities. We intend to utilize the proceeds of any offering, any sales of equity securities or debt securities, bank and other borrowings or a combination of those sources to effect a business combination with a target business which we believe may have significant growth potential. While we may, under certain circumstances, seek to effect business combinations with more than one target business, unless additional financing is obtained, we will not have sufficient proceeds remaining after an initial business combination to undertake additional business combinations. There is no assurance that these plans will be realized in whole or in part. The financial statements do not include any adjustments that might result from the outcome these uncertainties.
	Since inception, we have incurred an accumulated deficit of $11,084,741 through March 31, 2015. For the years ended December 31, 2014 and 2013, we had net losses of $97,110 and $94,217, respectively. We have incurred negative cash flow from operating activities since its inception. We have spent, and subject to obtaining additional financing, expects to continue to spend, substantial amounts in connection with executing our business strategy. These conditions raise substantial doubt about our ability to continue as a going concern.
	Use of Estimates - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
	Fair Value of Financial Instruments - Pursuant to the accounting guidance, "Disclosures About Fair Value of Financial Instruments," we are required to estimate the fair value of all financial instruments included on our balance sheet as of March 31, 2015. We consider the carrying value of accrued expenses in the financial statements to approximate their face value.
	Statements of Cash Flows - For purposes of the statements of cash flows we consider all highly liquid investments purchased with a remaining maturity of three months or less to be cash equivalents.

SHAREHOLDERS_DEFICIT

SHAREHOLDERS' (DEFICIT)	3 Months Ended
	Mar. 31, 2015
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	NOTE 4 – SHAREHOLDERS’ (DEFICIT)
	On February 1, 2006, a total of 250,000 shares of Preferred Stock were authorized for issuance to two individuals who provided services to us. On May 12, 2006, we filed a Certificate of Amendment to the Certificate of Designation for the Preferred Stock with the Secretary of State of the State of Delaware, increasing the number of shares designated as Preferred Stock from 500,000 to 600,000 shares. As a result of this filing, we issued 150,000 and 100,000 shares of the Preferred Stock to Arnold Kling and Kirk Warshaw for their services as our president and chief financial officer, respectively. Each share of Preferred Stock is convertible, at the holder's option, into 100 shares of Common Stock. Mr. Kling's services were valued at $11,250 and Mr. Warshaw's services were valued at $7,500.
	On October 23, 2006, we effected a reverse stock split of our Common Stock. Pursuant to this reverse stock split, each 125 shares of Common Stock issued and outstanding as of the date following the reverse stock split was converted into one (1) share of Common Stock. This reverse stock split reduced the number of shares of Common Stock into which each share of Preferred Stock could be converted from 100 shares to .8 shares. All per share data has been retroactively restated to reflect this reverse stock split.
	On November 29, 2006, the holders of all the issued and outstanding shares of Preferred Stock elected to convert all of their Preferred Stock into shares of Common Stock. As a result, the 594,595 shares of Preferred Stock outstanding were exchanged for 475,676 shares of Common Stock.
	As of March 31, 2015, our authorized capital stock consists of 100,000,000 shares of Common Stock and 5,000,000 shares of Preferred Stock of which 2,071,544 shares of Common Stock, and no shares of Preferred Stock, are issued and outstanding. All shares of Common Stock currently outstanding are validly issued, fully paid and non-assessable.
	On May 9, 2013, we entered into the Amendment pursuant to which Infinicom’s rights to the Infinicom Additional Shares was converted into 138,222 shares of Common Stock. We recognized non-cash expense of $26,924 associated with this conversion.
	On May 9, 2013, we raised total gross proceeds of $134,000 from the sale of an aggregate of 688,420 shares of Common Stock at a price of $0.1946488 per share. Of these shares, 344,210 were sold to Hudson and the other 344,210 shares were sold to Iroquois. The sale to Hudson and Iroquois was exempt from the registration requirements of the Securities Act of 1933, as amended (the “Act”) pursuant to Sections 4(a)(2) and 4(a)(5) of the Act.
	Prior to May 9, 2013, each of Hudson and Iroquois acquired 349,348 shares of Common Stock at a purchase price of $68,000, or $0.194648 per share, from the Chapter 7 Trustee of the Estates of Rodman, Direct Markets, Inc., and Direct Markets Holdings, Corp. in Chapter 7 bankruptcy proceedings pending in the United States Bankruptcy Court for the Southern District of New York (Cases No. 13-10087, 13-10088 and 13-10089). These shares were all the shares of Common Stock beneficially owned by R&R, an affiliate of Rodman.

NOTE_PAYABLE_RELATED_PARTY

NOTE PAYABLE - RELATED PARTY	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Short-term Debt [Text Block]	NOTE 5 – NOTE PAYABLE – RELATED PARTY
	On July 24, 2014, we issued convertible promissory notes (the “2014 Notes”) in the principal amount of $55,000 to each of Iroquois Master Fund Ltd and Hudson Bay Master Fund Ltd. (an aggregate of $110,000). The 2014 Notes have a maturity date of December 31, 2015 and bear interest at the rate of 5.0% per annum, payable at maturity. The principal and accrued interest on the 2014 Notes are convertible at $0.50 per share, into shares of our common stock at the option of the holder, subject to various capital transactions or ownership amounts. The proceeds of the 2014 Notes have been, and will continue to be, utilized by us to fund working capital needs. We have valued the beneficial conversion features of this note to be $55,000, which will be amortized ratably over the term of these two notes. The unamortized portion of the debt discount as of March 31, 2015 was $28,960.

NEW_ACCOUNTING_PRONOUNCEMENTS

NEW ACCOUNTING PRONOUNCEMENTS	3 Months Ended
	Mar. 31, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Description of New Accounting Pronouncements Not yet Adopted [Text Block]	NOTE 6 – NEW ACCOUNTING PRONOUNCEMENTS
	In June 2014, FASB issued Accounting Standards Update (“ASU”) No. 2014-12, “Compensation – Stock Compensation ( Topic 718 ); Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period”. The amendments in this ASU apply to all reporting entities that grant their employees share-based payments in which the terms of the award provide that a performance target that affects vesting could be achieved after the requisite service period. The amendments require that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. A reporting entity should apply existing guidance in Topic 718 as it relates to awards with performance conditions that affect vesting to account for such awards. For all entities, the amendments in this ASU are effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. Earlier adoption is permitted. The effective date is the same for both public business entities and all other entities.
	Entities may apply the amendments in this ASU either (a) prospectively to all awards granted or modified after the effective date or (b) retrospectively to all awards with performance targets that are outstanding as of the beginning of the earliest annual period presented in the financial statements and to all new or modified awards thereafter. If retrospective transition is adopted, the cumulative effect of applying this Update as of the beginning of the earliest annual period presented in the financial statements should be recognized as an adjustment to the opening retained earnings balance at that date. Additionally, if retrospective transition is adopted, an entity may use hindsight in measuring and recognizing the compensation cost. We are currently reviewing the provisions of this ASU to determine if there will be any impact on its results of operations, cash flows or financial condition.
	In August 2014, the FASB issued Accounting Standards Update “ASU” 2014-15 on “Presentation of Financial Statements Going Concern (Subtopic 205-40) –Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern”. Currently, there is no guidance in U.S. GAAP about management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern or to provide related footnote disclosures. The amendments in this Update provide that guidance. In doing so, the amendments are intended to reduce diversity in the timing and content of footnote disclosures. The amendments require management to assess an entity’s ability to continue as a going concern by incorporating and expanding upon certain principles that are currently in U.S. auditing standards. Specifically, the amendments (1) provide a definition of the term substantial doubt, (2) require an evaluation every reporting period including interim periods, (3) provide principles for considering the mitigating effect of management’s plans, (4) require certain disclosures when substantial doubt is alleviated as a result of consideration of management’s plans, (5) require an express statement and other disclosures when substantial doubt is not alleviated, and (6) require an assessment for a period of one year after the date that the financial statements are issued (or available to be issued). The amendments in this update are effective for public and nonpublic entities for annual periods ending after December 15, 2016.
	Early adoption is permitted.
	In April 2015, the FASB issued ASU 2015-03, “Simplifying the Presentation of Debt Issuance Costs” this Update as part of its initiative to reduce complexity in accounting standards (the Simplification Initiative). The Board received feedback that having different balance sheet presentation requirements for debt issuance costs and debt discount and premium creates unnecessary complexity. Recognizing debt issuance costs as a deferred charge (that is, an asset) also is different from the guidance in International Financial Reporting Standards (IFRS), which requires that transaction costs be deducted from the carrying value of the financial liability and not recorded as separate assets. Additionally, the requirement to recognize debt issuance costs as deferred charges conflicts with the guidance in FASB Concepts Statement No. 6, Elements of Financial Statements, which states that debt issuance costs are similar to debt discounts and in effect reduce the proceeds of borrowing, thereby increasing the effective interest rate. Concepts Statement 6 further states that debt issuance costs cannot be an asset because they provide no future economic benefit. To simplify presentation of debt issuance costs, the amendments in this Update require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this Update. For public business entities, the amendments in this Update are effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. For all other entities, the amendments in this Update are effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within fiscal years beginning after December 15, 2016. We are currently evaluating the effects of adopting this ASU, if it is deemed to be applicable.
	Management does not believe that any recently issued, but not yet effective, accounting standards could have a material effect on the accompanying financial statements. As new accounting pronouncements are issued, we will adopt those that are applicable under the circumstances.

COMMITMENTS_AND_CONTIGENCIES

COMMITMENTS AND CONTIGENCIES	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	NOTE 7 – COMMITMENTS AND CONTIGENCIES
	As of March 31, 2015 we have no commitments or contingent liabilities that require disclosure.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2015
Subsequent Events [Abstract]
Subsequent Events [Text Block]	NOTE 8 – SUBSEQUENT EVENTS
	We have evaluated all subsequent events and have determined that there were no subsequent events to recognize or disclose in these financial statements.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Going Concern [Policy Text Block]	Going Concern - The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplates that we will continue as a going concern. Our purpose has been to serve as a vehicle to acquire an operating business and we are currently considered a “shell” company inasmuch as we are not generating revenues, we do own an operating business, and have no specific plan other than to engage in a merger or acquisition transaction with a yet-to-be-identified operating company or business. We currently have no definitive agreements or understandings with any prospective business combination candidates and there are no assurances that we will find a suitable business with which to combine. The implementation of our business objectives is wholly contingent upon a business combination and/or the successful sale of our securities. We intend to utilize the proceeds of any offering, any sales of equity securities or debt securities, bank and other borrowings or a combination of those sources to effect a business combination with a target business which we believe may have significant growth potential. While we may, under certain circumstances, seek to effect business combinations with more than one target business, unless additional financing is obtained, we will not have sufficient proceeds remaining after an initial business combination to undertake additional business combinations. There is no assurance that these plans will be realized in whole or in part. The financial statements do not include any adjustments that might result from the outcome these uncertainties.
	Since inception, we have incurred an accumulated deficit of $11,084,741 through March 31, 2015. For the years ended December 31, 2014 and 2013, we had net losses of $97,110 and $94,217, respectively. We have incurred negative cash flow from operating activities since its inception. We have spent, and subject to obtaining additional financing, expects to continue to spend, substantial amounts in connection with executing our business strategy. These conditions raise substantial doubt about our ability to continue as a going concern.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value of Financial Instruments - Pursuant to the accounting guidance, "Disclosures About Fair Value of Financial Instruments," we are required to estimate the fair value of all financial instruments included on our balance sheet as of March 31, 2015. We consider the carrying value of accrued expenses in the financial statements to approximate their face value.
Condensed Cash Flow Statement [Policy Text Block]	Statements of Cash Flows - For purposes of the statements of cash flows we consider all highly liquid investments purchased with a remaining maturity of three months or less to be cash equivalents.

DESCRIPTION_OF_COMPANY_Details

DESCRIPTION OF COMPANY (Details Textual) (USD $)	1 Months Ended	3 Months Ended	12 Months Ended		1 Months Ended
	Oct. 31, 2006	Mar. 31, 2015	Dec. 31, 2013	Dec. 31, 2014	Nov. 29, 2006	31-May-06	31-May-05	Nov. 30, 2005	Sep. 30, 2005	Feb. 01, 2006
Description Of Company [Line Items]
Common Stock, Par Or Stated Value Per Share (in dollars per share)	$0.00	$0.00		$0.00
Common Stock Conversion Basis	each 125 shares of Common Stock issued and outstanding as of the Effective Date was converted into one (1) share of Common Stock.	each 125 shares of Common Stock issued and outstanding as of the Effective Date were converted into one (1) share of Common Stock
Preferred Stock, Par Or Stated Value Per Share (in dollars per share)		$0.00		$0.00
Preferred Stock Conversion Basis	converted from 100 shares to .8 shares.
Preferred stock, shares authorized		5,000,000		5,000,000
Common stock, shares authorized		100,000,000		100,000,000
Common stock, shares, issued		2,071,544		2,071,544
Proceeds from Issuance of Common Stock			$134,000
Conversion of Stock, Shares Issued		100,000,000
Convertible Notes Payable [Member]
Description Of Company [Line Items]
Debt Instrument, Face Amount				110,000
Debt Instrument, Maturity Date				31-Dec-15
Debt Instrument, Interest Rate, Stated Percentage				5.00%
Services Provider [Member]
Description Of Company [Line Items]
Preferred stock, shares authorized										250,000
Common Stock [Member]
Description Of Company [Line Items]
Stock Issued During Period, Shares, New Issues			688,420
Conversion of Stock, Shares Issued					475,676
Shares Issued, Price Per Share			$0.19
Preferred Stock [Member]
Description Of Company [Line Items]
Preferred Stock Conversion Basis		each share of Preferred Stock could be converted from 100 shares to 0.8 shares.				Each share of Preferred Stock is immediately convertible, at the holder's option, into 0.8 shares of Common Stock
Conversion of Stock, Shares Converted					594,595
Preferred Stock [Member] | Arnold P Kling [Member]
Description Of Company [Line Items]
Stock Issued During Period, Shares, Issued for Services						150,000
Stock Issued During Period, Value, Issued for Services						11,250
Preferred Stock [Member] | Kirk M Warshaw [Member]
Description Of Company [Line Items]
Stock Issued During Period, Shares, Issued for Services						100,000
Stock Issued During Period, Value, Issued for Services						7,500
Infinicom Sale Agreement [Member]
Description Of Company [Line Items]
Stock Issued During Period, Shares, New Issues							873,369
Common Stock Issued Outstanding Percentage							83.60%
Cash							500,000
Common Stocks Issued Outstanding Diluted Percentage							1.00%
Stock Issued During Period, Shares, Conversion of Units			138,222
Employee Benefits and Share-based Compensation, Total			26,924
Infinicom Sale Agreement [Member] | Minimum [Member]
Description Of Company [Line Items]
Stock Issued During Period, Value, Issued for Services								400,000
Infinicom Sale Agreement [Member] | Maximum [Member]
Description Of Company [Line Items]
Stock Issued During Period, Value, Issued for Services								600,000
Infinicom Sale Agreement [Member] | Common Stock [Member]
Description Of Company [Line Items]
Stock Issued During Period, Shares, New Issues									597,693
Common Stock Issued Outstanding Percentage									77.70%
Stock Issued During Period, Shares, Issued for Services									769,226
Conversion of Stock, Shares Issued									275,676
Infinicom Sale Agreement [Member] | Preferred Stock [Member]
Description Of Company [Line Items]
Stock Issued During Period, Shares, New Issues									344,595
Common Stock Issued Outstanding Percentage									83.60%
Stock Issued During Period, Shares, Issued for Services									698,696
Conversion of Stock, Shares Issued									275,676
Infinicom and R R [Member] | Common Stock [Member]
Description Of Company [Line Items]
Common Stock Issued Outstanding Percentage									66.90%
Conversion of Stock, Shares Issued									220,541
Infinicom [Member]
Description Of Company [Line Items]
Business Acquisition, Description of Acquired Entity		In accordance with the Plan of Reorganization approved by the Bankruptcy Court in December 1999, InfiniCom, AB (now known as Avalon Innovation AB), a Swedish registered company (“Infinicom”), acquired 91% of our outstanding stock in exchange for 100% of the stock of 24STORE. Subsequent to Infinicom’s acquisition in 1999 and until September 30, 2005, the business operations of 24STORE
Proceeds from Related Party Debt							100,000		603,830
Repayments of Related Party Debt							603,830
Moyo [Member] | Infinicom Sale Agreement [Member] | Common Stock [Member]
Description Of Company [Line Items]
Stock Issued During Period, Shares, New Issues									174,674
Common Stock Issued Outstanding Percentage									16.70%
Conversion of Stock, Shares Issued									55,135
Moyo [Member] | Infinicom Sale Agreement [Member] | Preferred Stock [Member]
Description Of Company [Line Items]
Conversion of Stock, Shares Issued									68,919
Iroquois Master Fund Ltd [Member]
Description Of Company [Line Items]
Debt Instrument, Face Amount				55,000
Iroquois Master Fund Ltd [Member] | Convertible Notes Payable [Member]
Description Of Company [Line Items]
Debt Instrument, Face Amount				55,000
Debt Instrument, Maturity Date				31-Dec-15
Debt Instrument, Interest Rate, Stated Percentage				5.00%
Iroquois Master Fund Ltd [Member] | Common Stock [Member]
Description Of Company [Line Items]
Stock Issued During Period, Shares, New Issues			344,210
Iroquois Master Fund Ltd [Member] | Common Stock [Member] | Chapter 7 Trustee [Member]
Description Of Company [Line Items]
Stock Issued During Period, Shares, New Issues			349,348
Shares Issued, Price Per Share			$0.19
Stock Issued During Period, Value, New Issues			68,000
Hudson Bay Master Fund Ltd [Member] | Convertible Notes Payable [Member]
Description Of Company [Line Items]
Debt Instrument, Face Amount				55,000
Debt Instrument, Maturity Date				31-Dec-15
Debt Instrument, Interest Rate, Stated Percentage				5.00%
Hudson Bay Master Fund Ltd [Member] | Common Stock [Member]
Description Of Company [Line Items]
Stock Issued During Period, Shares, New Issues			344,210
Hudson Bay Master Fund Ltd [Member] | Common Stock [Member] | Chapter 7 Trustee [Member]
Description Of Company [Line Items]
Stock Issued During Period, Shares, New Issues			349,348
Shares Issued, Price Per Share			$0.19
Stock Issued During Period, Value, New Issues			68,000
Series A Convertible Preferred Stock [Member]
Description Of Company [Line Items]
Preferred Stock, Par Or Stated Value Per Share (in dollars per share)	$0.00
Preferred Stock Conversion Basis	converted from 100 shares to 0.8 shares.
Preferred Stock Agreement [Member]
Description Of Company [Line Items]
Preferred Stock Conversion Basis							Each share of the Preferred Stock was convertible into 0.8 shares
Stock Issued During Period, Shares, New Issues							344,595
Stock Issued During Period, Value, Conversion of Convertible Securities							$230,879

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) (USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Dec. 31, 2013
Significant Accounting Policies [Line Items]
Accumulated deficit	($11,084,741)		($11,051,396)
Net loss	($33,345)	($25,000)	$97,110	$94,217

SHAREHOLDERS_DEFICIT_Details_T

SHAREHOLDERSb (DEFICIT) (Details Textual) (USD $)	1 Months Ended	3 Months Ended	12 Months Ended	1 Months Ended
	Oct. 31, 2006	Mar. 31, 2015	Dec. 31, 2013	31-May-05	Nov. 29, 2006	Sep. 30, 2005	31-May-06	Dec. 31, 2014	12-May-06	Feb. 01, 2006
Stockholders Equity Deficit Disclosure [Line Items]
Preferred stock, shares authorized		5,000,000						5,000,000
Common Stock, Conversion Basis	each 125 shares of Common Stock issued and outstanding as of the Effective Date was converted into one (1) share of Common Stock.	each 125 shares of Common Stock issued and outstanding as of the Effective Date were converted into one (1) share of Common Stock
Common stock, shares, issued		2,071,544						2,071,544
Proceeds from Issuance of Common Stock			$134,000
Preferred Stock, Shares Designated									600,000	500,000
Conversion of Stock, Shares Issued		100,000,000
Preferred Stock, Conversion Basis	converted from 100 shares to .8 shares.
Infinicom Sale Agreement [Member]
Stockholders Equity Deficit Disclosure [Line Items]
Stock Issued During Period, Shares, New Issues				873,369
Stock Issued During Period, Shares, Conversion of Units			138,222
Employee Benefits and Share-based Compensation, Total			26,924
Common Stock [Member]
Stockholders Equity Deficit Disclosure [Line Items]
Stock Issued During Period, Shares, New Issues			688,420
Shares Issued, Price Per Share			$0.19
Conversion of Stock, Shares Issued					475,676
Common Stock [Member] | Iroquois Master Fund Ltd [Member]
Stockholders Equity Deficit Disclosure [Line Items]
Stock Issued During Period, Shares, New Issues			344,210
Common Stock [Member] | Hudson Bay Master Fund Ltd [Member]
Stockholders Equity Deficit Disclosure [Line Items]
Stock Issued During Period, Shares, New Issues			344,210
Common Stock [Member] | Chapter 7 Trustee [Member] | Iroquois Master Fund Ltd [Member]
Stockholders Equity Deficit Disclosure [Line Items]
Stock Issued During Period, Shares, New Issues			349,348
Stock Issued During Period, Value, New Issues			68,000
Shares Issued, Price Per Share			$0.19
Common Stock [Member] | Chapter 7 Trustee [Member] | Hudson Bay Master Fund Ltd [Member]
Stockholders Equity Deficit Disclosure [Line Items]
Stock Issued During Period, Shares, New Issues			349,348
Stock Issued During Period, Value, New Issues			68,000
Shares Issued, Price Per Share			$0.19
Common Stock [Member] | Infinicom Sale Agreement [Member]
Stockholders Equity Deficit Disclosure [Line Items]
Stock Issued During Period, Shares, Issued for Services						769,226
Stock Issued During Period, Shares, New Issues						597,693
Conversion of Stock, Shares Issued						275,676
Preferred Stock [Member]
Stockholders Equity Deficit Disclosure [Line Items]
Conversion of Stock, Shares Converted					594,595
Preferred Stock, Conversion Basis		each share of Preferred Stock could be converted from 100 shares to 0.8 shares.					Each share of Preferred Stock is immediately convertible, at the holder's option, into 0.8 shares of Common Stock
Preferred Stock [Member] | Infinicom Sale Agreement [Member]
Stockholders Equity Deficit Disclosure [Line Items]
Stock Issued During Period, Shares, Issued for Services						698,696
Stock Issued During Period, Shares, New Issues						344,595
Conversion of Stock, Shares Issued						275,676
Series A Convertible Preferred Stock [Member]
Stockholders Equity Deficit Disclosure [Line Items]
Preferred Stock, Conversion Basis	converted from 100 shares to 0.8 shares.
Arnold P Kling [Member] | Preferred Stock [Member]
Stockholders Equity Deficit Disclosure [Line Items]
Stock Issued During Period, Shares, Issued for Services							150,000
Stock Issued During Period, Value, Issued for Services							11,250
Kirk M Warshaw [Member] | Preferred Stock [Member]
Stockholders Equity Deficit Disclosure [Line Items]
Stock Issued During Period, Shares, Issued for Services							100,000
Stock Issued During Period, Value, Issued for Services							7,500
Services Provider [Member]
Stockholders Equity Deficit Disclosure [Line Items]
Preferred stock, shares authorized										250,000

NOTE_PAYABLE_RELATED_PARTY_Det

NOTE PAYABLE - RELATED PARTY (Details Textual) (USD $)	Dec. 31, 2014	Mar. 31, 2015
Iroquois Master Fund Ltd [Member]
Short-term Debt [Line Items]
Debt Instrument, Face Amount	$55,000
Convertible Notes Payable [Member]
Short-term Debt [Line Items]
Debt Instrument, Face Amount		110,000
Debt Instrument, Unamortized Discount		28,960
Convertible Notes Payable [Member] | Iroquois Master Fund Ltd [Member]
Short-term Debt [Line Items]
Debt Instrument, Face Amount		55,000
Debt Instrument, Interest Rate, Stated Percentage		5.00%
Debt Instrument, Convertible, Conversion Price		$0.50
Convertible Notes Payable [Member] | Hudson Bay Master Fund Ltd [Member]
Short-term Debt [Line Items]
Debt Instrument, Face Amount		$55,000
Debt Instrument, Interest Rate, Stated Percentage		5.00%
Debt Instrument, Convertible, Conversion Price		$0.50