| Summary of Significant Accounting Policies | (1) Summary of Significant Accounting Policies Basis of Presentation and Organization CannaPowder, Inc., formerly known as Smart
Energy Solutions, Inc. (the “Company”) was incorporated in 1999 in the state of Utah under the name Datigen.com, Inc.
On August 25, 2005, the Company changed its state of incorporation from Utah to Nevada by the merger of the Company with and into
its wholly-owned subsidiary, Smart Energy Solutions, Inc., a Nevada corporation. As a result of such merger, the Company’s
name was changed to Smart Energy Solutions, Inc. in order to better reflect the Company’s business operations. On December
11, 2017, the Company filed a Certificate of Amendment to its Articles of Incorporation with the State of Nevada to change the
Company’s name from Smart Energy Solutions, Inc. to CannaPowder, Inc. On August 30, 2017, a new wholly-owned subsidiary
was registered in Israel under the name of Canna Powder Ltd. (“CannaPowder Israel” or the “Subsidiary”),
with 100 common shares outstanding, 0.01 NIS par value (the “Subsidiary Shares”), all of which were held in escrow
on behalf of the Company by Israel attorney, Alon Nave. On September 27, 2017, pursuant to board resolution, the 100 Subsidiary
Shares held in escrow were transferred to the Company. On December 27, 2017, a board-resolution was
adopted to issue an additional: (i) 800 Subsidiary Shares to the Company; and an additional 100 Subsidiary Shares to Rafi Ezra
and, as a result, effective December 27, 2017, Canna Powder Ltd became a 90% owned subsidiary of the Company and a minority interest
of 10% owned by Rafi Ezra. The Subsidiary’s management includes
Lavi Krasney, its CEO, and Rafi Ezra, its CTO. Mr. Ezra is a highly experienced pharmacist with extensive knowledge of the cannabis
sector and active experience of leading early-stage pharma companies from early-stage development through commercial launch. Development is being conducted at the Hebrew
University pursuant to the term of the Feasibility Study and Option Agreement under the supervision of the inventor of the technology,
Professor Shlomo Magdassi. Pursuant to the Company’s Development
Program, we expect to have product formulation and testing completed in 2020, pre-clinical studies commencing in 2021, first human
and safety trials in 2022 and efficacy trials in 2023. As a result, unless we are able to expedite the above timetable, of which
there can be no assurance, the earliest that we can expect to begin commercial sales will be 2023. In fact, there can be no assurance
that the Development Program will be successfully implemented within our expected timeline notwithstanding the Company’s
success in its Equity Raise to date, nor can there be assurance that the Company may not require additional capital to fully implement
its business plan and complete production of commercially viable products based on its technology which is the subject of the Feasibility
Study discussed below under “Planned Research and Development and Current Trends.” Reference is also made to Appendix
B-1 attached to the License Agreement filed as an exhibit to our Form 8-K filed with the SEC on May 25, 2018. If and when we reach the commercial stage,
of which there can be no assurance, our plan is to establish and operate several production facilities, each located in separate
territories determined by the Company according to their size and regulatory environment that permits studies applicable to other
activities prerequisite to commercial exploitation of medical cannabis generally and the Company’s plan to develop cannabis-based
powders for medical uses. While there can be no assurance, at present the Company believes that it will be able to produce cannabis
powders for medical uses at a significant cost advantage. The accompanying unaudited financial statements
of the Company are presented in accordance with the requirements of Form 10-Q and Article 10 of Regulation S-X. Certain information
and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally
accepted in the United States of America (“US GAAP”) have been condensed or omitted pursuant to such SEC rules and
regulations. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for
an air presentation have been made. The results for these interim periods are not necessarily indicative of the results for the
entire year. The accompanying financial statements should be read in conjunction with the Company’s audited financial statements
for the year ended December 31, 2017 and the notes thereto included in the Company’s Registration Statement on Form 10-12G
filed under the Securities Exchange Act of 1934 (the “Exchange Act”) with the SEC on April 30, 2018. Cash and Cash Equivalents For purposes of reporting within the statement
of cash flows, the Company considers all cash on hand, cash accounts not subject to withdrawal restrictions or penalties, and all
highly liquid debt instruments purchased with a maturity of three months or less to be cash and cash equivalents. As of March 31,
2018, and December 31, 2017, we had cash and cash equivalents of $324,901 and $326,730 respectively. Reclassifications Certain prior year amounts have been reclassified
to conform to the current period presentation. These reclassifications had no impact on net earnings, financial position or cash
flows. Discontinued Operations The Company follows the policy of segregating
the assets and liabilities of subsidiaries or lines of business on its Balance Sheet from the assets liabilities of continuing
subsidiaries or lines of businesses when it is decided to close or dispose of a subsidiary or line of business. The Company also,
follows the policy of separately disclosing the assets and liabilities and the net operations of a subsidiary or line of business
in its financial statements when it is decided to close or dispose of a subsidiary or line of business. Revenue Recognition The Company recognizes revenue ratably over
the term of the contract in accordance with ASC 606. In 2018, we are implementing new internal controls as part of our efforts
to adopt the new revenue recognition standard. These internal controls include providing global training to our finance team and
holding regular meetings with management and the Audit Committee to review and approve key decisions. Upon adoption, we expect
to implement new internal controls related to our accounting policies and procedures. We will require new internal controls to
address risks associated with applying the five-step model, specifically related to judgments made in connection to variable consideration
and applying the constraint. Additionally, we will establish monitoring controls to identify new sales arrangements and changes
in our business environment that could impact our current accounting assessment. During the second half of 2018, we expect to finalize
our impact assessment and redesign impacted processes, policies and controls. Loss per Common Share Basic loss per share is computed by dividing
the net loss attributable to the common stockholders by the weighted average number of shares of common stock outstanding during
the period. Fully diluted loss per share is computed similar to basic loss per share except that the denominator is increased to
include the number of additional common shares that would have been outstanding if the potential common shares had been issued
and if the additional common shares were dilutive. Income Taxes Income taxes are accounted for under the asset
and liability method. Deferred tax assets and liabilities are determined based on temporary differences between the bases of certain
assets and liabilities for income tax and financial reporting purposes. The deferred tax assets and liabilities are classified
according to the financial statement classification of the assets and liabilities generating the differences. The Company maintains a valuation allowance
with respect to deferred tax assets. The Company establishes a valuation allowance based upon the potential likelihood of realizing
the deferred tax asset and taking into consideration the Company’s financial position and results of operations for the current
period. Future realization of the deferred tax benefit depends on the existence of sufficient taxable income within the carryforward
period under the Federal tax laws. Changes in circumstances, such as the Company
generating taxable income, could cause a change in judgment about the realizability of the related deferred tax asset. Any change
in the valuation allowance will be included in income in the year of the change in estimate. Fair Value of Financial Instruments The Company estimates the fair value of financial
instruments using the available market information and valuation methods. Considerable judgment is required in estimating fair
value. Accordingly, the estimates of fair value may not be indicative of the amounts the Company could realize in a current market
exchange. As of March 31, 2018 and December 31 2017, the carrying value of accounts payable and accrued liabilities approximated
fair value due to the short-term nature and maturity of these instruments. Deferred Offering Costs The Company defers as other assets the direct
incremental costs of raising capital until such time as the offering is completed. At the time of the completion of the offering,
the costs are charged against the capital raised. Should the offering be terminated, deferred offering costs are charged to operations
during the period in which the offering is terminated. Impairment of Long-Lived Assets The Company evaluates the recoverability of
long-lived assets and the related estimated remaining lives when events or circumstances lead management to believe that the carrying
value of an asset may not be recoverable. As of December 31, 2017, no events or circumstances occurred for which an evaluation
of the recoverability of long-lived assets was required. Estimates The financial statements are prepared on the
basis of accounting principles generally accepted in the United States. The preparation of financial statements in conformity with
generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts
of assets and liabilities as of March 31, 2018 and December 31, 2017, and expenses for the three months ended March 31, 2018 and
2017. Actual results could differ from those estimates made by management. Impact of Recently Issued Accounting Standards In January 2017, the FASB issued ASU No. 2017-01,
Business Combinations (Topic 805): Clarifying the Definition of a Business. Public business entities should apply the amendments
in this Update to annual periods beginning after December 15, 2017, including interim periods within those periods. All other entities
should apply the amendments to annual periods beginning after December 15, 2018, and interim periods within annual periods beginning
after December 15, 2019. In March 2017, the FASB issued Update 2017-08—Receivables—Nonrefundable
Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities. For public business entities,
the amendments in this Update are effective for fiscal years, and interim periods within those fiscal years, beginning after December
15, 2018. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2019, and interim
periods within fiscal years beginning after December 15, 2020. Early adoption is permitted, including adoption in an interim period.
If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal
year that includes that interim period. In March 2017, the FASB issued Update 2017-07—Compensation—Retirement
Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. Effective
for public business entities for annual periods beginning after December 15, 2017, including interim periods within those annual
periods. For other entities, the amendments in this Update are effective for annual periods beginning after December 15, 2018,
and interim periods within annual periods beginning after December 15, 2019. Early adoption is permitted as of the beginning of
an annual period for which financial statements (interim or annual) have not been issued or made available for issuance. That is,
early adoption should be within the first interim period if an employer issues interim financial statements. Disclosures of the
nature of and reason for the change in accounting principle are required in the first interim and annual periods of adoption. Goodwill and Intangible Assets Goodwill is tested for impairment at a minimum
on an annual basis. Goodwill is tested for impairment at the reporting unit level by first performing a qualitative assessment
to determine whether it is more likely than not that the fair value of the reporting unit is less than its carrying value. If the
reporting unit does not pass the qualitative assessment, then the reporting unit’s carrying value is compared to its fair
value. The fair values of the reporting units are estimated using market and discounted cash flow approaches. Goodwill is considered
impaired if the carrying value of the reporting unit exceeds its fair value. The discounted cash flow approach uses expected future
operating results. Failure to achieve these expected results may cause a future impairment of goodwill at the reporting unit. Intangible assets consist of patents and trademarks,
purchased customer contracts, purchased customer and merchant relationships, purchased trade names, purchased technology, and
non-compete agreements. Intangible assets are amortized over the period of estimated benefit using the straight-line method and
estimated useful lives ranging from two to twenty years. No significant residual value is estimated for intangible assets. | Note (1) Summary of Significant Accounting Policies Basis of Presentation and Organization The Company was incorporated in 1999 in the
state of Utah under the name Datigen.com, Inc. On August 25, 2005, the Company changed its state of incorporation from Utah to
Nevada by the merger of the Company with and into its wholly-owned subsidiary, Smart Energy Solutions, Inc., a Nevada corporation.
As a result of such merger, the Company’s name was changed to Smart Energy Solutions, Inc. in order to better reflect the
Company’s business operations. During December 2017 a new subsidiary was registered
with all shares held by the Company. The new subsidiary was register in Israel under the name of Canna Powder Ltd. (“CannaPowder”)
is headed by Rafi Ezra a highly experienced pharmacist with extensive knowledge of the cannabis sector and hands on experience
of leading early stage pharma companies from early development through to commercial launch. Development is being carried out at
the Hebrew University under the supervision of the inventor of the technology, Professor Shlomo Magdassi. CannaPowder is raising investment to finance
a development program to establish cannabis powder production facilities utilizing the licensed technology. In the commercial stage,
CannaPowder will establish and operate several production facilities, each located in individual territories selected according
to their size and favorable regulation for medical cannabis. Products will be supplied to producers of medical
cannabis products. The ability to produce a more effective, consistent product in terms of quality and composition will provide
an important advantage when targeting the medical market. The accompanying financial statements of the Company were prepared from
the accounts of the Company under the accrual basis of accounting. The accompanying financials statement of the
company were prepared from the account of the company under the accrual basis of accounting. Cash and Cash Equivalents For purposes of reporting within the statement
of cash flows, the Company considers all cash on hand, cash accounts not subject to withdrawal restrictions or penalties, and all
highly liquid debt instruments purchased with a maturity of three months or less to be cash and cash equivalents. As of December
31, 2017 and 2016, we had cash and cash equivalents of $326,730 and $0, respectively. Reclassifications Certain prior year amounts have been reclassified
to conform to the current period presentation. These reclassifications had no impact on net earnings, financial position or cash
flows. Discontinued Operations The Company follows the policy of segregating
the assets and liabilities of subsidiaries or lines of business on its Balance Sheet from the assets liabilities of continuing
subsidiaries or lines of businesses when it is decided to close or dispose of a subsidiary or line of business. The Company also,
follows the policy of separately disclosing the assets and liabilities and the net operations of a subsidiary or line of business
in its financial statements when it is decided to close or dispose of a subsidiary or line of business. Revenue Recognition The Company recognizes revenue from licensing
its software to customers for contractually defined periods of time. The Company recognizes revenue ratably over the term of the
contract in accordance with ASC 605 (1) when the price is fixed and determinable, (2) persuasive evidence of an arrangement exists,
(3) delivery has occurred or services have been provided, and (4) collectability is assured. Loss per Common Share Basic loss per share is computed by dividing
the net loss attributable to the common stockholders by the weighted average number of shares of common stock outstanding during
the period. Fully diluted loss per share is computed similar to basic loss per share except that the denominator is increased to
include the number of additional common shares that would have been outstanding if the potential common shares had been issued
and if the additional common shares were dilutive. Income Taxes Income taxes are accounted for under the asset
and liability method. Deferred tax assets and liabilities are determined based on temporary differences between the bases of certain
assets and liabilities for income tax and financial reporting purposes. The deferred tax assets and liabilities are classified
according to the financial statement classification of the assets and liabilities generating the differences. The Company maintains a valuation allowance
with respect to deferred tax assets. The Company establishes a valuation allowance based upon the potential likelihood of realizing
the deferred tax asset and taking into consideration the Company’s financial position and results of operations for the current
period. Future realization of the deferred tax benefit depends on the existence of sufficient taxable income within the carryforward
period under the Federal tax laws. Changes in circumstances, such as the Company
generating taxable income, could cause a change in judgment about the realizability of the related deferred tax asset. Any change
in the valuation allowance will be included in income in the year of the change in estimate. Fair Value of Financial Instruments The Company estimates the fair value of financial
instruments using the available market information and valuation methods. Considerable judgment is required in estimating fair
value. Accordingly, the estimates of fair value may not be indicative of the amounts the Company could realize in a current market
exchange. As of December 31, 2017, and 2016, the carrying value of accounts payable and accrued liabilities approximated fair value
due to the short-term nature and maturity of these instruments. Deferred Offering Costs The Company defers as other assets the direct
incremental costs of raising capital until such time as the offering is completed. At the time of the completion of the offering,
the costs are charged against the capital raised. Should the offering be terminated, deferred offering costs are charged to operations
during the period in which the offering is terminated. Impairment of Long-Lived Assets The Company evaluates the recoverability of
long-lived assets and the related estimated remaining lives when events or circumstances lead management to believe that the carrying
value of an asset may not be recoverable. As of December 31, 2017, no events or circumstances occurred for which an evaluation
of the recoverability of long-lived assets was required. Estimates The financial statements are prepared on the
basis of accounting principles generally accepted in the United States. The preparation of financial statements in conformity with
generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts
of assets and liabilities as of December 31, 2017 and 2016, and expenses for the years ended December 31, 2017 and 2016. Actual
results could differ from those estimates made by management. Impact of Recently Issued Accounting Standards In January 2017, the FASB issued ASU No. 2017-01,
Business Combinations (Topic 805): Clarifying the Definition of a Business. Public business entities should apply the amendments
in this Update to annual periods beginning after December 15, 2017, including interim periods within those periods. All other entities
should apply the amendments to annual periods beginning after December 15, 2018, and interim periods within annual periods beginning
after December 15, 2019. In March 2017, the FASB issued Update 2017-08—Receivables—Nonrefundable
Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities.For public business entities,
the amendments in this Update are effective for fiscal years, and interim periods within those fiscal years, beginning after December
15, 2018. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2019, and interim
periods within fiscal years beginning after December 15, 2020. Early adoption is permitted, including adoption in an interim period.
If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal
year that includes that interim period. In March 2017, the FASB issued Update 2017-07—Compensation—Retirement
Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. Effective
for public business entities for annual periods beginning after December 15, 2017, including interim periods within those annual
periods. For other entities, the amendments in this Update are effective for annual periods beginning after December 15, 2018,
and interim periods within annual periods beginning after December 15, 2019. Early adoption is permitted as of the beginning of
an annual period for which financial statements (interim or annual) have not been issued or made available for issuance. That is,
early adoption should be within the first interim period if an employer issues interim financial statements. Disclosures of the
nature of and reason for the change in accounting principle are required in the first interim and annual periods of adoption. In August 2016, the FASB issued ASU No. 2016-15,
Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments. The amendment in this ASU defers
the effective date of ASU No. 2014-09 for all entities for one year. Public business entities should apply the guidance in ASU
2016-15 to annual reporting periods beginning on December 15, 2017. For all other entities, the guidance in ASU 2016-15 should
be applied to annual reporting periods beginning December 15, 2018 and interim periods within fiscal years beginning after December
15, 2019. Earlier application is permitted including interim reporting periods. Goodwill and Intangible Assets Goodwill is tested for impairment at a minimum
on an annual basis. Goodwill is tested for impairment at the reporting unit level by first performing a qualitative assessment
to determine whether it is more likely than not that the fair value of the reporting unit is less than its carrying value. If the
reporting unit does not pass the qualitative assessment, then the reporting unit’s carrying value is compared to its fair
value. The fair values of the reporting units are estimated using market and discounted cash flow approaches. Goodwill is considered
impaired if the carrying value of the reporting unit exceeds its fair value. The discounted cash flow approach uses expected future
operating results. Failure to achieve these expected results may cause a future impairment of goodwill at the reporting unit. Intangible assets consist of patents and trademarks,
purchased customer contracts, purchased customer and merchant relationships, purchased trade names, purchased technology, and
non-compete agreements. Intangible assets are amortized over the period of estimated benefit using the straight-line method and
estimated useful lives ranging from two to twenty years. No significant residual value is estimated for intangible assets. |
