Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Jun. 30, 2020 | Sep. 04, 2020 | |
Cover [Abstract] | ||
Entity Registrant Name | VIEW SYSTEMS INC | |
Entity Central Index Key | 0001075857 | |
Document Type | 10-Q | |
Document Period End Date | Jun. 30, 2020 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Entity Current Reporting Status | No | |
Entity Interactive Data Current | No | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business Flag | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 1,909,926,481 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2020 |
Consolidated Balance Sheets (Un
Consolidated Balance Sheets (Unaudited) - USD ($) | Jun. 30, 2020 | Dec. 31, 2019 |
Current Assets | ||
Cash | $ 1,138 | $ 835 |
Investment in related party | 20,000 | 20,000 |
Total current assets | 21,138 | 20,835 |
Intangible Assets (Net) | 23,715 | |
Total assets | 44,853 | 20,835 |
Current Liabilities | ||
Bank overdraft | ||
Accounts payable and accrued expenses | 148,965 | 161,715 |
Accrued and withheld payroll taxes payable | 134,237 | 134,237 |
Accrued compensation | 612,115 | 492,115 |
Accrued interest payable | 33,264 | 13,841 |
Loans from stockholders | 263,512 | 266,512 |
Notes payable | 203,093 | 142,421 |
Derivative liability | 2,015,832 | 383,852 |
Total liabilities | 3,411,018 | 1,594,693 |
Stockholders' Deficit | ||
Convertible preferred stock, authorized 10,000,000 shares, $.001 par value, Issued and outstanding 5,589,647 | 5,590 | 5,590 |
Common stock, authorized 2,000,000,000 shares, $.001 par value, Issued and outstanding 1,496,192,946 Issued and outstanding 560,915,727 | 1,496,192 | 560,915 |
Common stock issuable | 37,500 | 20,500 |
Additional paid in capital | 27,407,542 | 27,870,014 |
Accumulated deficit | (32,312,989) | (30,030,877) |
Total stockholders' deficit | (3,366,165) | (1,573,858) |
Total liabilities and stockholders' deficit | $ 44,853 | $ 20,835 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares | Jun. 30, 2020 | Dec. 31, 2019 |
Statement of Financial Position [Abstract] | ||
Convertible preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Convertible preferred stock, par value | $ .001 | $ .001 |
Convertible preferred stock, shares issued | 5,589,647 | 5,589,647 |
Convertible preferred stock, shares outstanding | 5,589,647 | 5,589,647 |
Common stock, shares authorized | 2,000,000,000 | 2,000,000,000 |
Common stock, par value | $ .001 | $ .001 |
Common stock, shares issued | 1,496,192,946 | 560,915,727 |
Common stock, shares outstanding | 1,496,192,946 | 560,915,727 |
Consolidated Statements of Oper
Consolidated Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Revenues | ||||
Total revenue | $ 700 | $ 1,400 | ||
Cost of sales | ||||
Gross profit | 700 | 1,400 | ||
Operating expenses | ||||
General and administrative | 9,280 | 2,819 | 53,989 | 4,297 |
Professional fees | 1,350 | 3,850 | 10,000 | |
Salaries and benefits | 60,000 | 9,499 | 120,000 | 23,774 |
Total operating expenses | 70,630 | 12,318 | 177,839 | 38,071 |
Loss from operations | (70,630) | (11,618) | (177,839) | (36,671) |
Other Income (expense) | ||||
Derivative expense | (1,565,963) | (100,447) | (1,931,269) | (128,075) |
Interest expense | (60,647) | (15,221) | (173,004) | (34,169) |
Total other income (expense) | (1,626,610) | (115,668) | (2,104,273) | (162,244) |
Net income (loss) | $ (1,697,240) | $ (127,286) | $ (2,282,112) | $ (198,915) |
Net Income (loss) per share (basic and diluted) | $ 0 | $ 0 | $ 0 | $ 0 |
Weighted average shares outstanding (basic and diluted) | 1,193,884,558 | 368,520,421 | 928,873,359 | 368,520,421 |
Extended Warranties [Member] | ||||
Revenues | ||||
Total revenue | $ 700 | $ 1,400 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Deficit (Unaudited) - USD ($) | Preferred Stock [Member] | Common Stock [Member] | Stock Issuable [Member] | Additional Paid-in Capital [Member] | Retained Earnings (Deficit) [Member] | Total |
Balance at Dec. 31, 2018 | $ 5,590 | $ 329,705 | $ 16,000 | $ 27,486,721 | $ (28,791,901) | $ (953,885) |
Balance, shares at Dec. 31, 2018 | 5,589,647 | 329,705,526 | ||||
Beneficial conversion features | 65,000 | 65,000 | ||||
Conversion of convertible debentures | $ 38,815 | 81,430 | 120,245 | |||
Conversion of convertible debentures, shares | 38,814,895 | |||||
Net loss | (71,629) | (71,629) | ||||
Balance at Mar. 31, 2019 | $ 5,590 | $ 368,520 | 16,000 | 27,633,151 | (28,863,530) | (840,269) |
Balance, shares at Mar. 31, 2019 | 5,589,647 | 368,520,421 | ||||
Balance at Dec. 31, 2018 | $ 5,590 | $ 329,705 | 16,000 | 27,486,721 | (28,791,901) | (953,885) |
Balance, shares at Dec. 31, 2018 | 5,589,647 | 329,705,526 | ||||
Net loss | (198,915) | |||||
Balance at Jun. 30, 2019 | $ 5,590 | $ 368,520 | 16,000 | 27,633,151 | (28,990,816) | (967,555) |
Balance, shares at Jun. 30, 2019 | 5,589,647 | 368,520,421 | ||||
Balance at Mar. 31, 2019 | $ 5,590 | $ 368,520 | 16,000 | 27,633,151 | (28,863,530) | (840,269) |
Balance, shares at Mar. 31, 2019 | 5,589,647 | 368,520,421 | ||||
Net loss | (127,286) | (127,286) | ||||
Balance at Jun. 30, 2019 | $ 5,590 | $ 368,520 | 16,000 | 27,633,151 | (28,990,816) | (967,555) |
Balance, shares at Jun. 30, 2019 | 5,589,647 | 368,520,421 | ||||
Balance at Dec. 31, 2019 | $ 5,590 | $ 560,915 | 20,500 | 27,870,014 | (30,030,877) | (1,573,858) |
Balance, shares at Dec. 31, 2019 | 5,589,647 | 560,915,727 | ||||
Conversion of convertible debt | $ 168,768 | (35,528) | 133,240 | |||
Conversion of convertible debt, shares | 168,767,870 | |||||
Discount on convertible debt | 112,750 | 112,750 | ||||
Stock subscribed in private placement | 5,000 | 5,000 | ||||
Net loss | (584,872) | (584,872) | ||||
Balance at Mar. 31, 2020 | $ 5,590 | $ 729,683 | 25,500 | 27,947,236 | (30,615,749) | (1,907,740) |
Balance, shares at Mar. 31, 2020 | 5,589,647 | 729,683,597 | ||||
Balance at Dec. 31, 2019 | $ 5,590 | $ 560,915 | 20,500 | 27,870,014 | (30,030,877) | (1,573,858) |
Balance, shares at Dec. 31, 2019 | 5,589,647 | 560,915,727 | ||||
Net loss | (2,282,112) | |||||
Balance at Jun. 30, 2020 | $ 5,590 | $ 1,496,192 | 37,500 | 27,407,542 | (32,312,989) | (3,366,165) |
Balance, shares at Jun. 30, 2020 | 5,589,647 | 1,496,192,946 | ||||
Balance at Mar. 31, 2020 | $ 5,590 | $ 729,683 | 25,500 | 27,947,236 | (30,615,749) | (1,907,740) |
Balance, shares at Mar. 31, 2020 | 5,589,647 | 729,683,597 | ||||
Conversion of convertible debt | $ 766,509 | (553,409) | 213,100 | |||
Conversion of convertible debt, shares | 766,509,349 | |||||
Stock subscribed in private placement | 2,000 | 2,000 | ||||
Stock subscribed in asset purchase agreement | 10,000 | 13,715 | 23,715 | |||
Net loss | (1,697,240) | (1,697,240) | ||||
Balance at Jun. 30, 2020 | $ 5,590 | $ 1,496,192 | $ 37,500 | $ 27,407,542 | $ (32,312,989) | $ (3,366,165) |
Balance, shares at Jun. 30, 2020 | 5,589,647 | 1,496,192,946 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 6 Months Ended | |
Jun. 30, 2020 | Jun. 30, 2019 | |
Cash flows from operating activities: | ||
Net loss | $ (2,282,112) | $ (198,915) |
Adjustments to reconcile net loss to Net cash used in operations: | ||
Accretion of debt discount | 153,004 | 34,168 |
Derivative expense related to convertible note payable | 1,931,269 | 128,075 |
(Increase) decrease in cash from: | ||
Due to related party | (26,419) | |
Increase (decrease) in cash from: | ||
Accounts payable | (12,750) | |
Deferred compensation | 120,000 | |
Accrued interest | 20,000 | |
Deferred revenue | (1,400) | |
Net cash used in operating activities | (70,589) | (64,491) |
Cash flows from financing activities: | ||
Repayment of cash overdraft | (73) | |
Net payments for stockholders loans | (3,000) | |
Repayment of notes payable | (55,858) | |
Proceeds from stock subscriptions | 17,000 | |
Proceeds from notes payable | 112,750 | 65,000 |
Net cash provided by financing activities | 70,892 | 64,927 |
Increase in cash | 303 | 436 |
Cash at beginning of period | 835 | |
Cash at end of period | 1,138 | 436 |
Cash paid for interest | ||
Cash paid for taxes |
Nature of Operations and Summar
Nature of Operations and Summary of Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2020 | |
Accounting Policies [Abstract] | |
Nature of Operations and Summary of Significant Accounting Policies | 1. NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations View Systems, Inc. and Subsidiaries (the “Company”) designs, develops and sells computer software and hardware used in conjunction with surveillance capabilities. The technology utilizes the compression and decompression of digital inputs. In March 2002, the Company acquired Milestone Technology, Inc., which has developed a concealed weapons detection portal. In July 2009, the Company acquired FibreXpress, Inc., which is a company that specializes in developing and selling equipment and components for the fiber optic and communication cable industries. During the second quarter of 2018, the Company established a new business line in the Erectile Dysfunction Medical market by opening one clinic within its’ Medical Therapeutics subsidiary. In the fourth quarter of 2018, the Company sold its Medical Therapeutics division to another company called Ultimate Sports, Inc. Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with US generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by US generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. For further information, refer to the audited consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019. Basis of Consolidation The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, Milestone Technology, Inc. and FibreXpress, Inc.. All significant intercompany accounts and transactions have been eliminated in consolidation. Use of Estimates Management uses estimates and assumptions in preparing financial statements in accordance with accounting principles generally accepted in the United States of America. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could differ from the estimates that were used. Cash and Cash Equivalents Cash and cash equivalents include all highly liquid investments with original maturities of three months or less. Revenue Recognition Effective January 1, 2018, the Company adopted ASU No. 2014-9, “Revenue from Contracts with Customers” and the related amendments (“Topic 606”) using the modified retrospective method. Topic 606 was applied to all uncompleted contracts by recognizing the cumulative effect of initially applying Topic 606 as an adjustment to the opening balancer of equity at January 1, 2018. Due to the cumulative net impact of adopting ASC 606, the January 1, 2018 balance of accumulated deficit was increase by $51,148, primarily relating to the accelerated recognition of revenue on installation projects. Revenue is recognized in accordance with ASC 606. The Company performs the following five steps: (i) identify the contract(s) with a customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract, and (v) recognize revenue when (or as) the entity satisfies a performance obligation. The Company applies the five-step model to arrangements that meet the definition of a contract under Topic 606, including when it is probable that the entity will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer. At contract inception, once the contract is determined to be within the scope of Topic 606, the Company evaluates the goods or services promised within each contract related performance obligation and assesses whether each promised good or service is distinct. The Company recognizes as revenue, the amount of the transaction price that is allocated to the respective performance obligation when (or as) the performance obligation is satisfied The Company has three main products, namely the concealed weapons detection system, the visual first responder system and the Viewmaxx digital video system. The concealed weapons detection system and the digital video system each require installation and training. The customer can engage us for installation and training, which is a revenue source separate and apart from the sale of the product. Each product has an unconditional 30 day warranty, during which time the product can be returned for a complete refund. Customers can purchase extended warranties, which provide for replacement or repair of the unit beyond the period provided by the unconditional warranty. During 2019, sales consisted of the sale of one demonstration unit and the fulfillment of extended warranties. The Company did not sell its’ products or installation and training, but rather only fulfilled extended warranties on its’ existing installed units. Under the new guidance, there is no change in our revenue recognition for extended warranty as compared to revenue recognition for these transactions under the prior revenue standards. The Company recognizes revenue from extended warranty contracts ratably over the warranty period. Property and Equipment Property and equipment is recorded at cost and depreciated over their useful lives, using the straight-line and accelerated depreciation methods. Upon sale or retirement, the cost and related accumulated depreciation are eliminated from the respective accounts, and the resulting gain or loss is included in the results of operations. The useful lives of property and equipment for purposes of computing depreciation are as follows: Equipment 5-7 years Software tools 3 years Repairs and maintenance charges which do not increase the useful lives of assets are charged to operations as incurred. Depreciation expense for the periods ended June 30, 2020 and 2019 amounted to $0 and $0, respectively. Income Taxes Income taxes are recorded under the assets and liabilities method whereby deferred tax assets and liabilities are recognized for the future tax consequences, measured by enacted tax rates, attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss carry forwards. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the rate change becomes effective. Valuation allowances are recorded for deferred tax assets when it is more likely than not that such deferred tax assets will not be realized. The Company files income tax returns in the U.S. federal jurisdictions, and in various state jurisdictions. The Company is no longer subject to U.S. federal, state and local examinations by tax authorities for years prior to 2015. The Company policy is to recognize interest related to unrecognized tax benefits as income tax expense. The Company believes that it has appropriate support for the income tax positions it takes and expects to take on its tax returns, and that its accruals for tax liabilities are adequate for all open years based on an assessment of many factors including past experience and interpretations of tax law applied to the facts of each matter. Research and Development Research and development costs are expensed as incurred. Advertising Advertising costs are charged to operations as incurred. Advertising costs for the periods ended June 30, 2020 and 2019 were $0 and $0, respectively. Nonmonetary Transactions Nonmonetary transactions are accounted for in accordance with ASC 845 “ Nonmonetary Transactions” which requires the transfer or distribution of a nonmonetary asset or liability to be based generally, on the fair value of the asset or liability that is received or surrendered, whichever is more clearly evident. Financial Instruments For most financial instruments, including cash, accounts receivable, accounts payable and accruals, management believes that the carrying amount approximates fair value, as the majority of these instruments are short-term in nature. Stock-Based Compensation The Company accounts for share-based compensation at fair value. Share-based compensation cost for stock options granted to employees, board members and service providers is determined at the grant date using an option pricing model that uses level 3 unobservable inputs. The value of the award that is ultimately expected to vest is recognized as expense on a straight-line basis over the requisite service period. Net Loss Per Common Share Basic net loss per common share is computed by dividing net loss available to common stockholder by the weighted average number of common shares outstanding. Diluted net loss per common share is computed by dividing net loss available to common stockholders by the weighted average number of common shares and dilutive potential common share equivalents then outstanding. Potential common shares consist of shares issuable upon the exercise of stock options and warrants in addition to shares that may be issued in the event that convertible debt is exchanged for shares of common stock. The calculation of the net loss per share available to common stockholders for the periods ended June 30, 2020 and 2019 does not include potential shares of common stock equivalents, as their impact would be antidilutive. The following reconciles amounts reported in the financial statements: Income Weighted Avg Shares Per-share (Numerator) (Denominator) Amount Period ended June 30, 2020 Loss from operations which is the amount that is available to common stockholders $ (2,282,112 ) 928,873,359 $ (0.00 ) Period ended June 30, 2019 Loss from operations which is the amount that is available to common stockholders $ (198,915 ) 368,520,421 $ (0.00 ) |
Going Concern
Going Concern | 6 Months Ended |
Jun. 30, 2020 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Going Concern | 2. GOING CONCERN The Company has incurred and continues to incur, losses from operations. For the six months ended June 30, 2020 and 2019, the Company incurred net losses of $2,282,112 and $198,915, respectively. The Company also had a working capital deficiency of $3,389,880 and an accumulated deficit of 32,312,989 at June 30, 2020. In addition, certain notes payable have come due and the note holders are demanding payment. Management is very actively working to cure these situations. It has implemented major plans to for the future growth and development of the Company. Management is in the process of renegotiating more favorable repayment terms on the notes payable and the Company anticipates that these negotiations will result in extended payment plans. Historically, the Company has financed its operations primarily through private financing. It is management’s intention to finance operations during 2020 primarily through increased sales although there will still be a need for additional equity financing. In addition, management is actively seeking out mergers and acquisitions which would be beneficial to the future growth of the Company. There can be no assurance, however, that this financing will be successful, and the Company may be required to further reduce expenses and scale back operations. As described in Note 4, the Company is currently in default on a $50,000 loan from a stockholder. The consolidated financial statements presented above and the accompanying Notes have been prepared on a going concern basis, which contemplates the realization of assets and discharge of liabilities in the normal course of business for the foreseeable future, and does not include any adjustments to reflect possible future effects on the recoverability and classification of assets, or the amounts and classification of liabilities that may result from the outcome of any extraordinary regulatory action, which would affect our ability to continue as a going concern. Due to the conditions and events discussed above, there is substantial doubt about the Company’s ability to continue as a going concern. |
New Accounting Pronouncements
New Accounting Pronouncements | 6 Months Ended |
Jun. 30, 2020 | |
Accounting Changes and Error Corrections [Abstract] | |
New Accounting Pronouncements | 3. NEW ACCOUNTING PRONOUNCEMENTS In February 2016, the FASB issued new guidance on the accounting for leases, which supersedes previous lease guidance. Under this guidance, for all leases with terms in excess of one year, including operating leases, the Company will be required to recognize on its balance sheet a lease liability and a right-of-use asset representing its right to use the underlying asset for the lease term. The new guidance retains a distinction between finance leases and operating leases and the classification criteria is substantially similar to previous guidance. Additionally, the recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee have not significantly changed. The Company is currently evaluating the impact of this guidance on its consolidated balance sheets. This guidance is effective for interim and annual reporting periods beginning after December 15, 2018 with early adoption permitted. The adoption of this standard did not have a material impact on the Company’s financial position or results of operations as the Company did not have any leases. |
Notes Payable
Notes Payable | 6 Months Ended |
Jun. 30, 2020 | |
Debt Disclosure [Abstract] | |
Notes Payable | 4. NOTES PAYABLE Notes payable as of June 30, 2020 and December 31, 2019 consists of the following: 2020 2019 Demand loan payable with interest at 5% per month dated September 18, 2009. The loan is secured by the Company’s accounts receivable. The note was payable in full on December 17, 2009 $ 50,000 $ 50,000 Convertible promissory note with interest as 8% per year dated January 24, 2018, convertible into the Company’s common stock 50% discount to the lowest trading price during 25 trading days immediately preceding conversion. The note was due October 24, 2018 and is currently in default - 16,831 Convertible promissory note with interest as 8% per year dated July 2, 2018, convertible into the Company’s common stock 50% discount to the lowest trading price during 25 trading days 40,000 40,000 Convertible promissory note with interest as 8% per year dated August 19, 2019, convertible into the Company’s common stock 50% discount to the lowest trading price during 25 trading days immediately preceding conversion. The note is due August 19, 2020 - 38,000 Convertible promissory note with interest as 10% per year dated October 8, 2019, convertible into the Company’s common stock 50,000 50,000 Convertible promissory note with interest at 8% per year dated January 8, 2020, convertible into the Company’s common stock 50% discount to the lowest trading price during 25 trading days Immediately preceding the conversion. The note is due January 8, 2021 112,750 - Convertible promissory note with interest as 8% per year dated October 22, 2019, convertible into the Company’s common stock 50% discount to the lowest trading price during 25 trading days immediately preceding conversion. The note is due October 22, 2020 5,500 53,000 $ 258,250 $ 247,831 Discount on convertible notes (55,157 ) (105,410 ) $ 203,093 $ 142,421 |
Income Taxes
Income Taxes | 6 Months Ended |
Jun. 30, 2020 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | 5. INCOME TAXES For income tax purposes the Company has net operating loss carry forwards of $27,608,848 as of December 31, 2019 that may be used to offset future taxable income. In the instance of future corporate acquisitions, the net operating losses may be used to offset the future taxable income of a qualifying subsidiary corporation which meets IRS regulations governing such situations. The losses have accumulated since 1998 and started to expire in 2018. IRS regulations also provide that significant changes in ownership (greater than 50%) could result in the expiration of some of the net operating loss carry forwards. As of the date of this report the Company has not made an analysis of the changes in ownership to determine if any of these losses have expired. Net income tax benefit is not recognized at this time because there is no reasonable expectation that the benefit will be realized in the future. |
Convertible Preferred Stock
Convertible Preferred Stock | 6 Months Ended |
Jun. 30, 2020 | |
Equity [Abstract] | |
Convertible Preferred Stock | 6. CONVERTIBLE PREFERRED STOCK At June 30, 2020 and December 31,, 2019, the Company has 5,589,647 shares of Series a Preferred Stock outstanding. Each share of Series A Preferred Stock has a liquidation preference in the event of liquidation of the Company of $0.001 per share before any payment of distribution is made to the holders of common stock. Each Series A Preferred share can be converted into common stock in the ration of 15:1. |
Common Stock
Common Stock | 6 Months Ended |
Jun. 30, 2020 | |
Equity [Abstract] | |
Common Stock | 7. COMMON STOCK At June 30, 2020 and December 31, 2019, the Company has 1,496,192,946 and 560,915,727 shares of common stock outstanding, respectively. During the six months ended June,30 2020, 766,509,349 shares of common stock were issued for the conversion of $64,909 in convertible debentures and accrued interest. |
Operating Lease
Operating Lease | 6 Months Ended |
Jun. 30, 2020 | |
Leases [Abstract] | |
Operating Lease | 8. OPERATING LEASE The Company has terminated all leases for office space as of December 31, 2019. The Company handles its executive functions from and shares space with its CPA firm, CG Davis & Associates at 7833 Walker Drive in Greenbelt, MD 20770. |
Stock Based Compensation
Stock Based Compensation | 6 Months Ended |
Jun. 30, 2020 | |
Share-based Payment Arrangement [Abstract] | |
Stock Based Compensation | 9. STOCK BASED COMPENSATION On April 2, 2010 the Company adopted its 2010 Equity Incentive Plan. Reserved for equity issuances under the Equity Incentive Plan are 50,000,000 shares of our common stock. During 2011 14,116,433 shares of common stock were issued under the provisions of the 2010 Equity Incentive Plan for which $92,065 of expenses were recognized. On June 1, 2010 the Company adopted its 2010 Service Provider Stock Compensation Plan. Reserved for equity issuances under the Service Provider Stock Compensation Plan are 50,000,000 shares of our common stock. No equity issuances were made during the reporting period from the 2010 Service Provider Stock Compensation Plan. Stock Options and Warrants Certain nonqualified stock options were issued during the period ended June 30, 2013 to a member of the board of directors as compensation for services performed. These options expired unexercised during the year ended December 31, 2018. |
Related Party Transactions
Related Party Transactions | 6 Months Ended |
Jun. 30, 2020 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | 10. RELATED PARTY TRANSACTIONS Certain stockholders have made cash advances to the Company to help with short-term working capital needs. The net payments to stockholders with unstructured payment plans amounted to $3,000 and $16,269 for the periods ended June 30, 2020 and December 31, 2019, respectively. The total balance due on unstructured loans from stockholders amounted to $263,512 at June 30, 2020 and $266,512 at December 31, 2019, respectively. Loans from stockholders made with repayment terms are described in Note 4 above. |
Issuable Common Stock
Issuable Common Stock | 6 Months Ended |
Jun. 30, 2020 | |
Equity [Abstract] | |
Issuable Common Stock | 11. ISSUABLE COMMON STOCK As of December 31, 2019 45,740,000 shares of the authorized shares, amounting to $20,500 had not been issued. As of June 30, 2020 an additional subscription was issued authorizing another 65,000,000 shares for $7,000. On June 5, 2020, the Company subscribed 10,000,000 shares of common stock and issued options to purchase 25,000,000 shares of the Company’s common stock in order to acquire the a domain name and toll free numbers to distribute CBD based products. The Company recorded the acquisition at the fair value of the shares to be issued and options issued of $23,715. Estimated amortization expense over the next three years is as follows: 1 $ 7,905 2 7,905 3 7,905 $ 23,715 |
Contingent Liability
Contingent Liability | 6 Months Ended |
Jun. 30, 2020 | |
Commitments and Contingencies Disclosure [Abstract] | |
Contingent Liability | 12. CONTINGENT LIABILITY Effective January 1, 2015 the Board of Directors authorized a new employment contract with Gunther Than, CEO of View Systems, Inc. That employment contract provides that in the event of a change in control of the Board of Directors or a buyout or takeover or substantial change of management structure Mr. Than will receive a minimum of three year’s salary plus 4.8 million shares of unrestricted stock of the equivalent in cash at Mr. Than’s direction. With the change in management in 2019, $376,800 in additional compensation to Mr. Than was accrued. Mr. Than’s current base salary is $120,000 per annum. Effective July 1, 2019 the Board of Directors authorized a new employment contract with John Campo to become CEO of View Systems, Inc. Mr. Campo’s current base salary is $120,000 per annum. |
Derivative Instrument
Derivative Instrument | 6 Months Ended |
Jun. 30, 2020 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivative Instrument | 13. DERIVATIVE INSTRUMENT The Company has note payables with elements that qualify as a derivative instrument. The note payable are convertible at the lowest trading price during the previous 15-25 days ending on the last trading day prior to notice. This variable conversion feature requires bifurcation from the convertible debenture and measurement at fair value. The derivative liability, as it relates to the instrument, is shown in the following table: Fair Value, December 31, 2019 $ 383,852 Change in value of derivative liability 1,631,980 Fair Value, June 30, 2020 $ 2,015,832 The derivative liability was valued using the Black-Scholes method with the following inputs: Expected life 9 months Stock price volatility 245 % Annual risk-free interest rate 2.63 % Expected dividends None ASC 820, “Fair Value Measurements” and ASC 825, “Financial Instruments”, requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. It establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument is categorized within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. It prioritizes the inputs into three levels that may be used to measure fair value: Level 1 Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. Level 3 Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. Assets and liabilities measured at fair value on a recurring basis were presented on the Company’s consolidated balance sheet as of June 30, 2020 and December 31, 2019 as follows: Fair Value Measurements at June 30, 2020 Description Total Level 1 Level 2 Level 3 Derivative liability $ 2,015,832 $ - $ - $ 2,015,832 Total $ 2,015,832 $ - $ - $ 2,015,832 Fair Value Measurements at December 31, 2019 Using Fair Value Hierarchy Description Total Level 1 Level 2 Level 3 Derivative liability $ 383,852 $ - $ - $ 383,852 Total $ 383,852 $ - $ - $ 383,852 |
License Agreement
License Agreement | 6 Months Ended |
Jun. 30, 2020 | |
License Agreement | |
License Agreement | 14. LICENSE AGREEMENT In August 2018, the Company executed a license agreement with IPVideo Corporation (“ipvIDEO”) where the company licensed the View Scan Concealed Weapons Detection System and all related hardware, software, documentation and manufacturing detail to IPVideo. IPVideo is required to pay $300 to the Company per View Scan unit sold in IPVideo. |
Memorandum of Understanding wit
Memorandum of Understanding with Sannabis | 6 Months Ended |
Jun. 30, 2020 | |
Business Combinations [Abstract] | |
Memorandum of Understanding with Sannabis | 15. MEMORANDUM OF UNDERSTANDING WITH SANNABIS During 2019 the Company agreed to a Memorandum of Understanding to acquire Sannabis S.A.S. and New Columbia Resources, Inc. The agreement gives the company a First Right of Refusal to acquire both companies upon satisfaction of certain conditions. The conditions have not been me to date and the acquisition has not been consummated. During the year ended December 31, 2019, the Company invested $58,660 in developing this agreement, of which $38,660 was for operating expenses and $20,000 was to acquire equipment and supplies for use in this venture. During the period ended June 30, 2020 the Company invested an additional $37,956 for this purpose of all of the investment was for operating expenses. |
Subsequent Events
Subsequent Events | 6 Months Ended |
Jun. 30, 2020 | |
Subsequent Events [Abstract] | |
Subsequent Events | NOTE 16. SUBSEQUENT EVENTS Subsequent to June 30, 2020, the Company issued 413,733,535 shares of common stock to convert convertible debentures and accrued interest. |
Nature of Operations and Summ_2
Nature of Operations and Summary of Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2020 | |
Accounting Policies [Abstract] | |
Nature of Operations | Nature of Operations View Systems, Inc. and Subsidiaries (the “Company”) designs, develops and sells computer software and hardware used in conjunction with surveillance capabilities. The technology utilizes the compression and decompression of digital inputs. In March 2002, the Company acquired Milestone Technology, Inc., which has developed a concealed weapons detection portal. In July 2009, the Company acquired FibreXpress, Inc., which is a company that specializes in developing and selling equipment and components for the fiber optic and communication cable industries. During the second quarter of 2018, the Company established a new business line in the Erectile Dysfunction Medical market by opening one clinic within its’ Medical Therapeutics subsidiary. In the fourth quarter of 2018, the Company sold its Medical Therapeutics division to another company called Ultimate Sports, Inc. |
Basis of Presentation | Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with US generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by US generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. For further information, refer to the audited consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019. |
Basis of Consolidation | Basis of Consolidation The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, Milestone Technology, Inc. and FibreXpress, Inc.. All significant intercompany accounts and transactions have been eliminated in consolidation. |
Use of Estimates | Use of Estimates Management uses estimates and assumptions in preparing financial statements in accordance with accounting principles generally accepted in the United States of America. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could differ from the estimates that were used. |
Cash and Cash Equivalents | Cash and Cash Equivalents Cash and cash equivalents include all highly liquid investments with original maturities of three months or less. |
Revenue Recognition | Revenue Recognition Effective January 1, 2018, the Company adopted ASU No. 2014-9, “Revenue from Contracts with Customers” and the related amendments (“Topic 606”) using the modified retrospective method. Topic 606 was applied to all uncompleted contracts by recognizing the cumulative effect of initially applying Topic 606 as an adjustment to the opening balancer of equity at January 1, 2018. Due to the cumulative net impact of adopting ASC 606, the January 1, 2018 balance of accumulated deficit was increase by $51,148, primarily relating to the accelerated recognition of revenue on installation projects. Revenue is recognized in accordance with ASC 606. The Company performs the following five steps: (i) identify the contract(s) with a customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract, and (v) recognize revenue when (or as) the entity satisfies a performance obligation. The Company applies the five-step model to arrangements that meet the definition of a contract under Topic 606, including when it is probable that the entity will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer. At contract inception, once the contract is determined to be within the scope of Topic 606, the Company evaluates the goods or services promised within each contract related performance obligation and assesses whether each promised good or service is distinct. The Company recognizes as revenue, the amount of the transaction price that is allocated to the respective performance obligation when (or as) the performance obligation is satisfied The Company has three main products, namely the concealed weapons detection system, the visual first responder system and the Viewmaxx digital video system. The concealed weapons detection system and the digital video system each require installation and training. The customer can engage us for installation and training, which is a revenue source separate and apart from the sale of the product. Each product has an unconditional 30 day warranty, during which time the product can be returned for a complete refund. Customers can purchase extended warranties, which provide for replacement or repair of the unit beyond the period provided by the unconditional warranty. During 2019, sales consisted of the sale of one demonstration unit and the fulfillment of extended warranties. The Company did not sell its’ products or installation and training, but rather only fulfilled extended warranties on its’ existing installed units. Under the new guidance, there is no change in our revenue recognition for extended warranty as compared to revenue recognition for these transactions under the prior revenue standards. The Company recognizes revenue from extended warranty contracts ratably over the warranty period. |
Property and Equipment | Property and Equipment Property and equipment is recorded at cost and depreciated over their useful lives, using the straight-line and accelerated depreciation methods. Upon sale or retirement, the cost and related accumulated depreciation are eliminated from the respective accounts, and the resulting gain or loss is included in the results of operations. The useful lives of property and equipment for purposes of computing depreciation are as follows: Equipment 5-7 years Software tools 3 years Repairs and maintenance charges which do not increase the useful lives of assets are charged to operations as incurred. Depreciation expense for the periods ended June 30, 2020 and 2019 amounted to $0 and $0, respectively. |
Income Taxes | Income Taxes Income taxes are recorded under the assets and liabilities method whereby deferred tax assets and liabilities are recognized for the future tax consequences, measured by enacted tax rates, attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss carry forwards. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the rate change becomes effective. Valuation allowances are recorded for deferred tax assets when it is more likely than not that such deferred tax assets will not be realized. The Company files income tax returns in the U.S. federal jurisdictions, and in various state jurisdictions. The Company is no longer subject to U.S. federal, state and local examinations by tax authorities for years prior to 2015. The Company policy is to recognize interest related to unrecognized tax benefits as income tax expense. The Company believes that it has appropriate support for the income tax positions it takes and expects to take on its tax returns, and that its accruals for tax liabilities are adequate for all open years based on an assessment of many factors including past experience and interpretations of tax law applied to the facts of each matter. |
Research and Development | Research and Development Research and development costs are expensed as incurred. |
Advertising | Advertising Advertising costs are charged to operations as incurred. Advertising costs for the periods ended June 30, 2020 and 2019 were $0 and $0, respectively. |
Nonmonetary Transactions | Nonmonetary Transactions Nonmonetary transactions are accounted for in accordance with ASC 845 “ Nonmonetary Transactions” which requires the transfer or distribution of a nonmonetary asset or liability to be based generally, on the fair value of the asset or liability that is received or surrendered, whichever is more clearly evident. |
Financial Instruments | Financial Instruments For most financial instruments, including cash, accounts receivable, accounts payable and accruals, management believes that the carrying amount approximates fair value, as the majority of these instruments are short-term in nature. |
Stock-Based Compensation | Stock-Based Compensation The Company accounts for share-based compensation at fair value. Share-based compensation cost for stock options granted to employees, board members and service providers is determined at the grant date using an option pricing model that uses level 3 unobservable inputs. The value of the award that is ultimately expected to vest is recognized as expense on a straight-line basis over the requisite service period. |
Net Loss Per Common Share | Net Loss Per Common Share Basic net loss per common share is computed by dividing net loss available to common stockholder by the weighted average number of common shares outstanding. Diluted net loss per common share is computed by dividing net loss available to common stockholders by the weighted average number of common shares and dilutive potential common share equivalents then outstanding. Potential common shares consist of shares issuable upon the exercise of stock options and warrants in addition to shares that may be issued in the event that convertible debt is exchanged for shares of common stock. The calculation of the net loss per share available to common stockholders for the periods ended June 30, 2020 and 2019 does not include potential shares of common stock equivalents, as their impact would be antidilutive. The following reconciles amounts reported in the financial statements: Income Weighted Avg Shares Per-share (Numerator) (Denominator) Amount Period ended June 30, 2020 Loss from operations which is the amount that is available to common stockholders $ (2,282,112 ) 928,873,359 $ (0.00 ) Period ended June 30, 2019 Loss from operations which is the amount that is available to common stockholders $ (198,915 ) 368,520,421 $ (0.00 ) |
Nature of Operations and Summ_3
Nature of Operations and Summary of Significant Accounting Policies (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Accounting Policies [Abstract] | |
Schedule of Calculation of Net Loss Per Share Available to Common Stockholders | The following reconciles amounts reported in the financial statements: Income Weighted Avg Shares Per-share (Numerator) (Denominator) Amount Period ended June 30, 2020 Loss from operations which is the amount that is available to common stockholders $ (2,282,112 ) 928,873,359 $ (0.00 ) Period ended June 30, 2019 Loss from operations which is the amount that is available to common stockholders $ (198,915 ) 368,520,421 $ (0.00 ) |
Notes Payable (Tables)
Notes Payable (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Debt Disclosure [Abstract] | |
Schedule of Notes Payable | Notes payable as of June 30, 2020 and December 31, 2019 consists of the following: 2020 2019 Demand loan payable with interest at 5% per month dated September 18, 2009. The loan is secured by the Company’s accounts receivable. The note was payable in full on December 17, 2009 $ 50,000 $ 50,000 Convertible promissory note with interest as 8% per year dated January 24, 2018, convertible into the Company’s common stock 50% discount to the lowest trading price during 25 trading days immediately preceding conversion. The note was due October 24, 2018 and is currently in default - 16,831 Convertible promissory note with interest as 8% per year dated July 2, 2018, convertible into the Company’s common stock 50% discount to the lowest trading price during 25 trading days 40,000 40,000 Convertible promissory note with interest as 8% per year dated August 19, 2019, convertible into the Company’s common stock 50% discount to the lowest trading price during 25 trading days immediately preceding conversion. The note is due August 19, 2020 - 38,000 Convertible promissory note with interest as 10% per year dated October 8, 2019, convertible into the Company’s common stock 50,000 50,000 Convertible promissory note with interest at 8% per year dated January 8, 2020, convertible into the Company’s common stock 50% discount to the lowest trading price during 25 trading days Immediately preceding the conversion. The note is due January 8, 2021 112,750 - Convertible promissory note with interest as 8% per year dated October 22, 2019, convertible into the Company’s common stock 50% discount to the lowest trading price during 25 trading days immediately preceding conversion. The note is due October 22, 2020 5,500 53,000 $ 258,250 $ 247,831 Discount on convertible notes (55,157 ) (105,410 ) $ 203,093 $ 142,421 |
Issuable Common Stock (Tables)
Issuable Common Stock (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Equity [Abstract] | |
Schedule of Future Amortization Expenses | Estimated amortization expense over the next three years is as follows: 1 $ 7,905 2 7,905 3 7,905 $ 23,715 |
Derivative Instruments (Tables)
Derivative Instruments (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Schedule of Fair Value of Derivative Liability | The derivative liability, as it relates to the instrument, is shown in the following table: Fair Value, December 31, 2019 $ 383,852 Change in value of derivative liability 1,631,980 Fair Value, June 30, 2020 $ 2,015,832 |
Schedule of Fair Value Assumptions of Derivative Liability | The derivative liability was valued using the Black-Scholes method with the following inputs: Expected life 9 months Stock price volatility 245 % Annual risk-free interest rate 2.63 % Expected dividends None |
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis | Assets and liabilities measured at fair value on a recurring basis were presented on the Company’s consolidated balance sheet as of June 30, 2020 and December 31, 2019 as follows: Fair Value Measurements at June 30, 2020 Description Total Level 1 Level 2 Level 3 Derivative liability $ 2,015,832 $ - $ - $ 2,015,832 Total $ 2,015,832 $ - $ - $ 2,015,832 Fair Value Measurements at December 31, 2019 Using Fair Value Hierarchy Description Total Level 1 Level 2 Level 3 Derivative liability $ 383,852 $ - $ - $ 383,852 Total $ 383,852 $ - $ - $ 383,852 |
Nature of Operations and Summ_4
Nature of Operations and Summary of Significant Accounting Policies (Details Narrative) - USD ($) | 6 Months Ended | |||
Jun. 30, 2020 | Jun. 30, 2019 | Dec. 31, 2019 | Jan. 02, 2018 | |
Increase in accumulated deficit | $ (32,312,989) | $ (30,030,877) | $ 51,148 | |
Depreciation expense | 0 | $ 0 | ||
Advertising costs | $ 0 | $ 0 | ||
Equipment [Member] | Minimum [Member] | ||||
Property and equipment, useful lives | 5 years | |||
Equipment [Member] | Maximum [Member] | ||||
Property and equipment, useful lives | 7 years | |||
Software Tools [Member] | ||||
Property and equipment, useful lives | 3 years |
Nature of Operations and Summ_5
Nature of Operations and Summary of Significant Accounting Policies - Schedule of Calculation of Net Loss Per Share Available to Common Stockholders (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Accounting Policies [Abstract] | ||||
Income (loss) | $ (2,282,112) | $ (198,915) | ||
Weighted average shares | 1,193,884,558 | 368,520,421 | 928,873,359 | 368,520,421 |
Per-share amount | $ 0 | $ 0 | $ 0 | $ 0 |
Going Concern (Details Narrativ
Going Concern (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | ||||||
Jun. 30, 2020 | Mar. 31, 2020 | Jun. 30, 2019 | Mar. 31, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | Dec. 31, 2019 | Jan. 02, 2018 | |
Net loss | $ (1,697,240) | $ (584,872) | $ (127,286) | $ (71,629) | $ (2,282,112) | $ (198,915) | ||
Working capital deficiency | 3,389,880 | 3,389,880 | ||||||
Accumulated deficit | (32,312,989) | (32,312,989) | $ (30,030,877) | $ 51,148 | ||||
Stockholder [Member] | ||||||||
Loan from stockholder in default | $ 50,000 | $ 50,000 |
Notes Payable - Schedule of Not
Notes Payable - Schedule of Notes Payable (Details) - USD ($) | Jun. 30, 2020 | Dec. 31, 2019 |
Notes payable, gross | $ 258,250 | $ 247,831 |
Discount on convertible note | (55,157) | (105,410) |
Total | 203,093 | 142,421 |
Demand Loan Payable [Member] | ||
Notes payable, gross | 50,000 | 50,000 |
Convertible Promissory Note [Member] | ||
Notes payable, gross | 16,831 | |
Convertible Promissory Note One [Member] | ||
Notes payable, gross | 40,000 | 40,000 |
Convertible Promissory Note Two [Member] | ||
Notes payable, gross | 38,000 | |
Convertible Promissory Note Three [Member] | ||
Notes payable, gross | 50,000 | 50,000 |
Convertible Promissory Note Four [Member] | ||
Notes payable, gross | 112,750 | |
Convertible Promissory Note Five [Member] | ||
Notes payable, gross | $ 5,500 | $ 53,000 |
Notes Payable - Schedule of N_2
Notes Payable - Schedule of Notes Payable (Details) (Parenthetical) | Jan. 08, 2020 | Oct. 22, 2019 | Oct. 08, 2019 | Aug. 19, 2019 | Jul. 02, 2018 | Jan. 24, 2018 | Sep. 18, 2009 |
Demand Loan Payable [Member] | |||||||
Debt instrument, interest rate | 5.00% | ||||||
Debt instrument, maturity date | Dec. 17, 2009 | ||||||
Convertible Promissory Note [Member] | |||||||
Debt instrument, interest rate | 8.00% | ||||||
Debt instrument, maturity date | Oct. 24, 2018 | ||||||
Debt instrument, description | The Company's common stock 50% discount to the lowest trading price during 25 trading days immediately preceding conversion. | ||||||
Convertible Promissory Note One [Member] | |||||||
Debt instrument, interest rate | 8.00% | ||||||
Debt instrument, maturity date | Jul. 2, 2019 | ||||||
Debt instrument, description | The Company's common stock 50% discount to the lowest trading price during 25 trading days immediately preceding conversion. | ||||||
Convertible Promissory Note Two [Member] | |||||||
Debt instrument, interest rate | 8.00% | ||||||
Debt instrument, maturity date | Aug. 19, 2020 | ||||||
Debt instrument, description | The Company's common stock 50% discount to the lowest trading price during 25 trading days immediately preceding conversion. | ||||||
Convertible Promissory Note Three [Member] | |||||||
Debt instrument, interest rate | 10.00% | ||||||
Debt instrument, maturity date | Oct. 20, 2020 | ||||||
Debt instrument, description | The Company's common stock 50% discount to the lowest trading price during 25 trading days immediately preceding conversion. | ||||||
Convertible Promissory Note Four [Member] | |||||||
Debt instrument, interest rate | 8.00% | ||||||
Debt instrument, maturity date | Jan. 8, 2020 | ||||||
Debt instrument, description | The Company's common stock 50% discount to the lowest trading price during 25 trading days Immediately preceding the conversion. | ||||||
Convertible Promissory Note Five [Member] | |||||||
Debt instrument, interest rate | 8.00% | ||||||
Debt instrument, maturity date | Oct. 22, 2020 | ||||||
Debt instrument, description | The Company's common stock 50% discount to the lowest trading price during 25 trading days immediately preceding conversion. |
Income Taxes (Details Narrative
Income Taxes (Details Narrative) - USD ($) | 6 Months Ended | |
Jun. 30, 2020 | Dec. 31, 2019 | |
Income Tax Disclosure [Abstract] | ||
Net operating loss carry forwards | $ 27,608,848 | |
Expiration date | Dec. 31, 2018 | |
Income tax examination percentage | 50.00% |
Convertible Preferred Stock (De
Convertible Preferred Stock (Details Narrative) - $ / shares | 6 Months Ended | |
Jun. 30, 2020 | Dec. 31, 2019 | |
Preferred stock, shares outstanding | 5,589,647 | 5,589,647 |
Preferred stock, conversion basis | Each Series A Preferred share can be converted into common stock in the ration of 15:1. | |
Series A Preferred Stock [Member] | ||
Preferred stock, shares outstanding | 5,589,647 | |
Preferred stock, liquidation preference per share | $ 0.001 |
Common Stock (Details Narrative
Common Stock (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2020 | Mar. 31, 2020 | Jun. 30, 2020 | Dec. 31, 2019 | |
Common stock, shares outstanding | 1,496,192,946 | 1,496,192,946 | 560,915,727 | |
Number of shares issued for conversion, value | $ 213,100 | $ 133,240 | ||
Convertible Debenture and Accrued Interest [Member] | ||||
Number of shares issued for conversion | 766,509,349 | |||
Number of shares issued for conversion, value | $ 64,909 |
Stock Based Compensation (Detai
Stock Based Compensation (Details Narrative) - USD ($) | 12 Months Ended | ||
Dec. 31, 2011 | Jun. 01, 2010 | Apr. 02, 2010 | |
2010 Equity Incentive Plan [Member] | |||
Common stock reserved for future issuance | 50,000,000 | ||
Stock issued during period share based compensation, shares | 14,116,433 | ||
Stock issued during period share based compensation, value | $ 92,065 | ||
2010 Service Provider Stock Compensation Plan [Member] | |||
Common stock reserved for future issuance | 50,000,000 |
Related Party Transactions (Det
Related Party Transactions (Details Narrative) - USD ($) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2020 | Dec. 31, 2019 | |
Related Party Transactions [Abstract] | ||
Net payments to related party | $ 3,000 | $ 16,269 |
Loans from stockholders | $ 263,512 | $ 266,512 |
Issuable Common Stock (Details
Issuable Common Stock (Details Narrative) - USD ($) | Jun. 05, 2020 | Jun. 30, 2020 | Dec. 31, 2019 |
Equity [Abstract] | |||
Stock unissued, shares | 65,000,000 | 45,740,000 | |
Stock unissued, value | $ 7,000 | $ 20,500 | |
Stock subscribed during the period | 10,000,000 | ||
Issued options to purchase shares | 25,000,000 | ||
Fair value of shares and options issued | $ 23,715 |
Issuable Common Stock - Schedul
Issuable Common Stock - Schedule of Future Amortization Expenses (Details) | 6 Months Ended |
Jun. 30, 2020USD ($) | |
Issuable Common Stock - Schedule Of Future Amortization Expenses | |
1 | $ 7,905 |
2 | 7,905 |
3 | 7,905 |
Future Amortization Expenses | $ 23,715 |
Contingent Liability (Details N
Contingent Liability (Details Narrative) - USD ($) | Jul. 02, 2019 | Jan. 01, 2015 | Dec. 31, 2019 |
Gunther Than [Member] | |||
Employment contract, description | Mr. Than will receive a minimum of three year's salary plus 4.8 million shares of unrestricted stock of the equivalent in cash at Mr. Than's direction. With the change in Management in 2019, $376,800 in additional compensation to Mr. Than was accrued. Mr. Than's current base salary is $120,000 per annum. | ||
Current base salary | $ 120,000 | ||
Accrued compensation | $ 376,800 | ||
John Campo [Member] | |||
Current base salary | $ 120,000 |
Derivative Instruments - Schedu
Derivative Instruments - Schedule of Fair Value of Derivative Liability (Details) | 6 Months Ended |
Jun. 30, 2020USD ($) | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Fair value, Beginning balance | $ 383,852 |
Change in value of derivative liability | 1,631,980 |
Fair value, Ending balance | $ 2,015,832 |
Derivative Instruments - Sche_2
Derivative Instruments - Schedule of Fair Value Assumptions of Derivative Liability (Details) | 6 Months Ended |
Jun. 30, 2020 | |
Expected Life [Member] | |
Derivative liability, measurement term | 9 months |
Stock Price Volatility [Member] | |
Derivative liability, measurement input | 245 |
Annual Risk-Free Interest Rate [Member] | |
Derivative liability, measurement input | 2.63 |
Expected Dividends [Member] | |
Derivative liability, measurement input | 0 |
Derivative Instruments - Sche_3
Derivative Instruments - Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) | Jun. 30, 2020 | Dec. 31, 2019 |
Derivative liability | $ 2,015,832 | $ 383,852 |
Level 1 [Member] | ||
Derivative liability | ||
Level 2 [Member] | ||
Derivative liability | ||
Level 3 [Member] | ||
Derivative liability | 2,015,832 | 383,852 |
Fair Value, Recurring [Member] | ||
Derivative liability | 2,015,832 | 383,852 |
Fair Value, Recurring [Member] | Level 1 [Member] | ||
Derivative liability | ||
Fair Value, Recurring [Member] | Level 2 [Member] | ||
Derivative liability | ||
Fair Value, Recurring [Member] | Level 3 [Member] | ||
Derivative liability | $ 2,015,832 | $ 383,852 |
License Agreement (Details Narr
License Agreement (Details Narrative) | 1 Months Ended |
Aug. 31, 2018USD ($) | |
License Agreement | |
Payments required to pay hardware and software units | $ 300 |
Memorandum of Understanding w_2
Memorandum of Understanding with Sannabis (Details Narrative) - Sannabis S.A.S. and New Columbia Resources, Inc [Member] - USD ($) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2020 | Dec. 31, 2019 | |
Payments to acquire investments | $ 37,956 | $ 58,660 |
Business combination operating expenses | 38,660 | |
Payments to acquire equipment | $ 20,000 |
Subsequent Events (Details Narr
Subsequent Events (Details Narrative) | 2 Months Ended |
Sep. 02, 2020shares | |
Subsequent Event [Member] | |
Number of shares common stock to convertible debentures | 413,733,535 |