QDM International (QDMI) 10-K 15 Apr 15 2014 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2014	Apr. 15, 2015	Jun. 30, 2014
Document and Entity Information [Abstract]
Entity Registrant Name	DALE JARRETT RACING ADVENTURE INC
Entity Central Index Key	1094032
Trading Symbol	djrt
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Current Fiscal Year End Date	-19
Entity Filer Category	Smaller Reporting Company
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding		27,438,852
Entity Public Float			$480,903.80
Document Type	10-K
Document Period End Date	31-Dec-14
Amendment Flag	FALSE
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY

BALANCE_SHEETS

BALANCE SHEETS (USD $)	Dec. 31, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$190,362	$388,886
Accounts receivable	12,482	17,707
Spare parts and supplies	148,548	138,065
Prepaid expenses and other current assets	51,226	78,607
Race car held for sale	112,674
Total current assets	515,292	623,265
Property and equipment, at cost, net	172,703	404,476
Total Assets	687,995	1,027,741
Current liabilities:
Current portion of long-term debt	100,127	29,131
Accounts payable	58,709	214,675
Accrued expenses	161,548	155,065
Deferred revenue	869,621	1,019,188
Advance from shareholder	110,110	105,617
Total current liabilities	1,300,115	1,523,676
Long-term debt		99,179
Total liabilities	1,300,115	1,622,855
Stockholders' deficit:
Preferred stock, $.0001 par value, 5,000,000 shares authorized; none issued
Common stock, $.0001 par value, 200,000,000 shares authorized; 28,110,502 and 27,010,502 shares issued and 27,438,852 and 26,338,852 outstanding	2,811	2,701
Additional paid-in capital	6,639,431	6,284,230
Treasury stock, 671,650 shares at cost	-39,009	-39,009
Accumulated (deficit)	-7,215,353	-6,843,036
Total stockholders' deficit	-612,120	-595,114
Total Liabilities and Stockholders' Deficit	$687,995	$1,027,741

BALANCE_SHEETS_Parentheticals

BALANCE SHEETS (Parentheticals) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Statement Of Financial Position [Abstract]
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
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	28,110,502	27,010,502
Common stock, shares outstanding	27,438,852	26,338,852
Treasury stock, shares	671,650	671,650

STATEMENTS_OF_OPERATIONS

STATEMENTS OF OPERATIONS (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Income Statement [Abstract]
Sales	$2,383,091	$2,669,868
Cost of sales and services	1,181,697	1,299,910
Gross profit	1,201,394	1,369,958
General and administrative expenses, including stock compensation of $354,000 and $0, respectively	1,560,630	1,584,485
Loss from operations	-359,236	-214,527
Other income (expense):
Interest income	705	138
Other income	711	6,754
Interest expense	-14,497	-9,293
Loss before income taxes	-372,317	-216,928
Income taxes
Net loss	($372,317)	($216,928)
Per share information basic and diluted:
Loss per share (in dollars per share)	($0.01)	($0.01)
Weighted average shares outstanding (in shares)	27,084,749	25,318,304

STATEMENTS_OF_OPERATIONS_Paren

STATEMENTS OF OPERATIONS (Parentheticals) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Income Statement [Abstract]
Stock compensation	$354,000	$0

STATEMENT_OF_STOCKHOLDERS_DEFI

STATEMENT OF STOCKHOLDERS' DEFICIT (USD $)	Common Stock	Additional Paid-in Capital	Treasury Stock	Accumulated (Deficit)	Total
Balance at Dec. 31, 2012	$2,451	$6,184,480	($39,009)	($6,626,108)	($478,186)
Balance (in shares) at Dec. 31, 2012	24,510,502		671,650
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock issued for cash	250	99,750			100,000
Stock issued for cash (in shares)	2,500,000
Net loss for the year				-216,928	-216,928
Balance at Dec. 31, 2013	2,701	6,284,230	-39,009	-6,843,036	-595,114
Balance (in shares) at Dec. 31, 2013	27,010,502		671,650
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Contribution of earnings from sale of stock shareholder		1,311			1,311
Stock issuance	110	53,890			54,000
Stock issuance (in shares)	1,100,000
Stock committed but not issued		300,000			300,000
Net loss for the year				-372,317	-372,317
Balance at Dec. 31, 2014	$2,811	$6,639,431	($39,009)	($7,215,353)	($612,120)
Balance (in shares) at Dec. 31, 2014	28,110,502		671,650

STATEMENTS_OF_CASH_FLOWS

STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Cash flows from operating activities:
Net loss	($372,317)	($216,928)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	90,467	95,825
Interest added to officer loans	4,493	4,494
Loss on disposal of assets	29,232	8,603
Stock compensation for consultant	300,000
Stock compensation to employees	54,000
Changes in assets and liabilities:
Accounts receivable	5,225	4,586
Spare parts and supplies	-10,483	8,190
Prepaid expenses and other current assets	27,381	-37,022
Deferred revenue	-149,567	-17,628
Accounts payable and accrued expenses	-149,483	95,481
Total adjustments	201,265	162,529
Net cash used in operating activities	-171,052	-54,399
Cash flows from investing activities:
Additions to racecars under construction		-24,900
Acquisition of property and equipment	-600	-20,129
Net cash used in investing activities	-600	-45,029
Cash flows from financing activities:
Proceeds from sale of common stock		100,000
Repayment of long-term debt	-28,183	-14,898
Contribution of earnings from sale of stock by shareholder	1,311
Net cash provided by (used in) financing activities	-26,872	85,102
Increase (decrease) in cash and cash equivalents	-198,524	-14,326
Cash and cash equivalents, beginning	388,886	403,212
Cash and cash equivalents, ending	190,362	388,886
Supplemental cash flow information:
Cash paid for interest	10,004	3,207
Cash paid for income taxes
Non-cash Investing and Financing Activities:
Property and equipment financed with long-term debt		125,000
Racecars under construction transferred to property and equipment		$31,567

Organization_Significant_Accou

Organization, Significant Accounting Policies and Liquidity	12 Months Ended
	Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Significant Accounting Policies and Liquidity	Note 1. Organization, Significant Accounting Policies and Liquidity
	Dale Jarrett Racing Adventure, Inc. (referred to as “we”, “us”, “our” or the “Company”) was incorporated in Florida on November 24, 1998.  The Company offers the “NASCAR” racing school to the public.  The Company owns numerous  “NASCAR” type racecars and has secured several racetrack locations at which it offers these services at various dates during the year.
	Going Concern
	Our accompanying financial statements contemplate the realization of assets and liquidation of liabilities in the normal course of business.  We have suffered recurring losses from operations and have stockholder and working capital deficits at December 31, 2014.   While a significant portion of (i) our net loss resulted from non-cash expenses, and (ii) our liabilities (i.e. the shareholder advance and approximately one half of our deferred revenues) are not expected to result in the outlay of cash in 2015)  we recognize  we will ultimately either need to increase revenues and/or raise additional debt or equity capital to sustain our operations.   We plan to continue close monitoring of general and administrative expenses in 2015, and may seek to reduce such expenses and we are also investigating the possibility of investing in an alternative business model. Absent our ability to be successful in such endeavors, we may seek to raise capital from existing shareholders.   While we believe we will generate adequate cash to meet our commitments in 2015,  there can be no assurance that our beliefs will come to fruition in which case we would most likely have difficulty continuing as a going concern.  The accompanying financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should we be unable to continue as a going concern
	Revenue Recognition
	In general, we record revenue when persuasive evidence of an arrangement exists, services have been rendered, the sales price to the student is fixed or determinable, and collectability of the sales price is reasonably assured.  The following policies reflect specific criteria for our various revenue streams:
	·
	Revenue is recognized at the time the product is delivered or the service is performed.  Provision for sales returns are estimated based on the Company’s historical return experience; however sales returns have not been significant due to the nature of the services we provide.
	Deferred revenue is recorded for amounts received in advance of the time at which services are performed and included in revenue at the completion of the related services
	Statements of Cash Flows
	For purposes of the statements of cash flows, we consider all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents.
	Accounts Receivable
	Accounts receivable are stated at estimated net realizable value.  Accounts receivable are comprised of balances due from customer  net of estimated allowances for uncollectible accounts.  In determining collectability, historical trends are evaluated and specific  issues are reviewed to arrive at appropriate allowances.  There was no allowance at December 31, 2014 and 2013.
	Spare Parts and Supplies
	Spare parts and supplies are valued at the lower of cost or market on a first-in, first-out basis. At December 31, 2014 and 2013 spare parts and supplies include $143,369 and $138,065 respectively, of spare parts and tires used in the racecar operations, and finished goods (which are primarily promotional items that bear our logo), of $5,179 and $2,585, respectively.
	Race Car Held For Sale
	In the fourth quarter of 2014, we made the decision to sell our exotic race car. Because we sold the car in January 2015 for an amount approximating the net book value of the asset, such net book value was reclassified from property and equipment to current assets at December 31, 2014.
	Property and Equipment
	Property and equipment are recorded at cost and are depreciated using the straight-line method over the estimated useful lives of the respective assets, ranging from 3 to 10 years.  Major additions are capitalized, while minor additions and maintenance and repairs, which do not extend the useful life of an asset, are expensed as incurred.
	Long Lived Assets
	We review our long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.  An impairment loss would be recognized when estimated future cash flows expected to result from the use of the asset and its eventual disposition is less than its carrying amount.  No such impairment losses have been identified by the Company for the years ended December 31, 2014 and 2013.
	Use of Estimates
	The preparation of the Company’s financial statements in conformity with accounting principles generally accepted in the United States of America requires us to make certain 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.  The reported amounts of revenues and expenses may be affected by the estimates management is required to make.  Actual results could differ from those estimates.
	Advertising Costs
	Advertising costs are charged to operations when the advertising first takes place.  Advertising costs charged to operations were $223,873 and $372,419 for the years ended December 31, 2014 and 2013, respectively.
	Fair Value of Financial Instruments
	At December 31, 2014, our short-term financial instruments consist primarily of accounts receivable, accounts payable, accrued expenses, the advance from shareholder and long-term debt. The carrying amounts of these financial instruments approximate fair value because of their short-term nature.
	Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash and cash equivalents.  As of December 31, 2014 and 2013, and periodically throughout such years, balances in various operating accounts exceeded federally insured limits.  We monitor our positions with, and the credit quality of, the financial institutions in which we maintain cash balances and we have not experienced any losses in such accounts.  We do not hold or issue financial instruments for trading purposes nor do we hold or issue interest rate or leveraged derivative financial instruments.
	Segment Information
	The Company follows Financial Accounting Standards Board (FASB) ASC 280-10, Segment Reporting.  Under ASC 280-10, certain information is disclosed based on the way management organizes financial information for making operating decisions and assessing performance.  We currently operate in a single segment and will evaluate additional segment disclosure requirements if we expand our operations.
	Income Taxes
	We compute income taxes in accordance with FASB ASC Topic 740, Income Taxes.  Under ASC-740, deferred tax assets and liabilities are computed based upon the difference between the financial statement and income tax basis of assets and liabilities using the enacted marginal tax rate applicable when the related asset or liability is expected to be realized or settled. Deferred income tax expenses or benefits are based on the changes in the asset or liability each period.  Also, the effect on deferred taxes of a change in tax rates is recognized in income in the period that included the enactment date.  If available evidence suggests that it is more likely than not that some portion or all of the deferred tax assets will not be realized, a valuation allowance is required to reduce the deferred tax assets to the amount that is more likely than not to be realized. Future changes in such valuation allowance are included in the provision for deferred income taxes in the period of change.
	We follow guidance in FASB ASC Topic 740-10, Accounting for Uncertainty in Income Taxes, which prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement.
	We do not believe we have taken any uncertain tax positions on any of our open income tax returns filed through the year ended December 31, 2014.  Our methods of tax accounting are based on established income tax principles in the Internal Revenue Code and are properly calculated and reflected within our income tax returns.  Due to the carryforwards of net operating losses, all of our federal and state income tax returns remain subject to audit.
	Stock-Based Compensation
	We recognize stock based compensation in accordance with FASB ASC 718, Stock Compensation.   ASC 718 requires that the cost resulting from all share-based transactions be recorded in the financial statements. It establishes fair value as the measurement objective in accounting for share-based payment arrangements and requires all entities to apply a fair-value-based measurement in accounting for share-based payment transactions with employees. The Statement also establishes fair value as the measurement objective for transactions in which an entity acquires goods or services from non-employees in share-based payment transactions.
	Net Loss Per Common Share
	We calculate net loss per share in accordance with ASC Topic 260, Earnings per Share.  Basic loss per share is calculated by dividing net loss by the weighted average number of common shares outstanding for the period.  Diluted loss per share is calculated by dividing net loss by the weighted average number of common shares and dilutive common stock equivalents outstanding.
	During periods in which we incur losses, common stock equivalents, if any, are not considered, as their effect would be anti-dilutive.  At December 31, 2014 and 2013 we had no dilutive shares outstanding. .
	Recent Accounting Pronouncements
	We do not believe any recently issued accounting standards will have a material impact on our financial statements.
	Reclassification
	One amount in the 2013 statement of operations was reclassified to conform to the presentation in the 2014 financial statements.

Property_and_Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2014
Property, Plant and Equipment [Abstract]
Property and Equipment	Note 2. Property and Equipment
	Property and equipment consist of the following at December 31, 2014 and 2013:
			2014		2013
	Race vehicles	$	396,484	$	644,806
	Vehicles – other		382,220		382,220
	Shop and track equipment		173,739		173,739
	Office furniture and equipment		54,363		54,809
	Software		26,398		26,398
	DJ Graphics Equipment		24,271		24,271
			1,057,475		1,306,243
	Less accumulated depreciation		-884,772		-901,767
		$	172,703	$	404,476
	Depreciation charged to operations was $90,467 and $95,825 for the years ended December 31, 2014 and 2013, respectively, of which $85,854 and $93,569 is included in cost of sales and services for those years.

Longterm_Debt

Long-term Debt	12 Months Ended
	Dec. 31, 2014
Debt Disclosure [Abstract]
Long-term Debt	Note 3. Long-term Debt
	At December 31, 2014 and 2013, we were obligated under the following two notes payable:
	·
	A debt obligation entered in 2012 under a vehicle purchase contract having an initial principal balance of $23,935. The vehicle purchase loan is payable in monthly installments of $543, including interest at 4.24%, through January 2016, and is collateralized by a support vehicle acquired through the financing.  The balance of the note approximated $7,000 at December 31, 2014.
	·
	A debt obligation entered in 2013 under a vehicle purchase contract having an initial principal balance of $141,793. Prior to its repayment in January 2015, the loan was payable in monthly installments of $2,363, including interest at 4.99%, through July 2018, and was collateralized by a vehicle acquired through the financing.  We sold the vehicle in  January 2015 and paid the remaining balance of the indebtedness of approximately $93,000 at such time,

Stockholders_Deficit

Stockholders' Deficit	12 Months Ended
	Dec. 31, 2014
Stockholders' Equity Note [Abstract]
Stockholders' Deficit	Note 4. Stockholders’ Deficit
	The following table summarizes the stock option activity during the years ended December 31, 2014 and 2013:
		Stock Options	Weighted-average Exercise Price	Weighted-average Remaining Term (years)
	Balance at December 31, 2012	3,500,000	$0.15	1.8
	Expired	-	-	-
	Balance at December 31, 2013	3,500,000	$0.15	0.8
	Expired	-3,500,000	$0.15	-
	Balance at December 31, 2014	-	-	-
	During April 2009, we extended the expiration date of 3,500,000 outstanding options for a period of five years. All of these options were fully vested as of such date. The exercise price remained at $.15 per share and the options expired on October 21, 2014.
	No compensation cost was recognized during 2014 or 2013 as a result of stock options. We had no exercisable options outstanding at December 31, 2014. Furthermore, our options outstanding at December 31, 2013 did not have any intrinsic value . Common stock issued upon the exercise of any future stock option grants would come from our authorized and unissued common shares.
	On May 14, 2013 we sold 2,500,000 shares of common stock to an accredited investor who owned 5% of our common shares prior to the sale. The sale occurred at $0.04 per share for total proceeds of $100,000.
	On August 28, 2014 we entered into an employment agreement with a new officer to become our President. This agreement included the issuance of 1,000,000 shares which vested immediately. Because our stock price was $.05 on the date of the grant, we recognized stock based compensation expense of $50,000 in 2014 as a result of this arrangement. The employee was terminated in 2014 and we do not believe we have any further liability under such agreement.
	On October 22, 2014 the Board authorized issuance of 50,000 shares of stock to each of two employees for services performed. This issuance was recorded to compensation expense at a value of $4,000 as the stock price on that day was $0.04.
	In December 2014, we agreed to grant 10,000,000 shares of our stock to the brother in law of our President and CEO as consideration for his assistance with the development of a new business opportunity. The shares were issued in 2015. We recognized stock based compensation expense of approximately $300,000 under this arrangement in 2014 because the shares were immediately vested.

Income_Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Income Taxes	Note 5. Income Taxes
	We have not provided for income taxes in 2014 or 2013 as a result of operating and tax losses.  We have net operating loss carryforwards at December 31, 2014 of approximately $4,300,000 that expire in various years through 2034.  We have fully reserved our net deferred income tax asset  since we are uncertain as to whether future income from operations will be available to utilize it.  The approximate deferred tax assets and liabilities,  assuming a blended state and federal rate of 40%,  and the related allowance are as follows:
		2014	2013
	Non-current deferred tax assets (liabilities), net:
	Tax benefit of net operating loss carryforwards	$   1720,000	$   1,700,000
	Property and equipment	-55,000	-55,000
	Less valuation allowance	-1,665,000	-1,645,000
	Net deferred tax asset	$                 -	$                  -
	The valuation reserve increased by $20,000 in 2014 and by $18,000 in 2013.
	The provision (benefit) for income taxes differs from the amount computed by applying the statutory federal income tax rate to our loss  before  income taxes for the years ended December 31, 2014 and 2013.  Our  combined federal and state effective tax rate as a percentage before taxes for the years ended December 31, 2014 and 2013, approximated 40%,  The following are reconciliations of the income tax at the effective tax rate with the income tax at the U.S. federal statutory tax rate for the years ended December 31, 2014 and 2013:
		2014	2013
	Income tax provision at the federal statutory rate	34%	34%
	Effect of operating losses and other temporary differences	-34%	-34%
	Effective tax rates	0%	0%

Commitments

Commitments	12 Months Ended
	Dec. 31, 2014
Commitments and Contingencies Disclosure [Abstract]
Commitments	Note 6. Commitments
	Operating Leases
	On November 1, 2014 the Hickory, NC office entered into a new operating lease in such locale, which requires monthly payments of approximately $900 and expires October 31, 2015.
	The Company also leases various office and warehouse space on a month to month basis or under terms that are less than one year.  Rent expense under all operating leases approximated  $52,000 and $68,000 for the years ended December 31, 2014 and 2013, respectively.
	Employment Agreements
	During July 2011, we extended the employment agreement of our Chief Executive Officer through June 2016 at a base salary of $150,000, with cost of living adjustments to be made on the first day of each year.
	Vendor Agreements
	In January 2014, and again in January 2015, we entered new usage agreements with Talladega Superspeedway, LLC for 2014 and 2015, respectively, with no exclusivity and no minimum racing days.

Other_Related_Party_Transactio

Other Related Party Transaction	12 Months Ended
	Dec. 31, 2014
Related Party Transactions [Abstract]
Other Related Party Transaction	Note 7.  Other Related Party Transaction
	During 2012 we received a $100,000 advance from a shareholder accruing interest at 5% per year with no payment terms specified.  As of December 31, 2014 and 2013, none of the principal had been paid and the note balance included accrued interest of $10,110 and $5,617, respectively.

Other_Subsequent_Events

Other Subsequent Events	12 Months Ended
	Dec. 31, 2014
Subsequent Events [Abstract]
Other Subsequent Events	Note 8.  Other Subsequent Events
	We evaluated subsequent events through April 15, 2015 and, to the extent applicable, have incorporated such events into these financial statements.

Organization_Significant_Accou1

Organization, Significant Accounting Policies and Liquidity (Policies)	12 Months Ended
	Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern	Going Concern
	Our accompanying financial statements contemplate the realization of assets and liquidation of liabilities in the normal course of business.  We have suffered recurring losses from operations and have stockholder and working capital deficits at December 31, 2014.   While a significant portion of (i) our net loss resulted from non-cash expenses, and (ii) our liabilities (i.e. the shareholder advance and approximately one half of our deferred revenues) are not expected to result in the outlay of cash in 2015)  we recognize  we will ultimately either need to increase revenues and/or raise additional debt or equity capital to sustain our operations.   We plan to continue close monitoring of general and administrative expenses in 2015, and may seek to reduce such expenses and we are also investigating the possibility of investing in an alternative business model.  Absent our ability to be successful in such endeavors, we may seek to raise capital from existing shareholders.   While we believe we will generate adequate cash to meet our commitments in 2015,  there can be no assurance that our beliefs will come to fruition in which case we would most likely have difficulty continuing as a going concern.  The accompanying financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should we be unable to continue as a going concern
Revenue Recognition	Revenue Recognition
	In general, we record revenue when persuasive evidence of an arrangement exists, services have been rendered, the sales price to the student is fixed or determinable, and collectability of the sales price is reasonably assured.  The following policies reflect specific criteria for our various revenue streams:
	·
	Revenue is recognized at the time the product is delivered or the service is performed.  Provision for sales returns are estimated based on the Company’s historical return experience; however sales returns have not been significant due to the nature of the services we provide.
	Deferred revenue is recorded for amounts received in advance of the time at which services are performed and included in revenue at the completion of the related services
Statements Of Cash Flows	Statements of Cash Flows
	For purposes of the statements of cash flows, we consider all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents.
Accounts Receivable	Accounts Receivable
	Accounts receivable are stated at estimated net realizable value.  Accounts receivable are comprised of balances due from customer  net of estimated allowances for uncollectible accounts.  In determining collectability, historical trends are evaluated and specific  issues are reviewed to arrive at appropriate allowances.  There was no allowance at December 31, 2014 and 2013.
Spare Parts and Supplies	Spare Parts and Supplies
	Spare parts and supplies are valued at the lower of cost or market on a first-in, first-out basis. At December 31, 2014 and 2013 spare parts and supplies include $143,369 and $138,065 respectively, of spare parts and tires used in the racecar operations, and finished goods (which are primarily promotional items that bear our logo), of $5,179 and $2,585, respectively.
Race Car Held For Sale	Race Car Held For Sale
	In the fourth quarter of 2014, we made the decision to sell our exotic race car. Because we sold the car in January 2015 for an amount approximating the net book value of the asset, such net book value was reclassified from property and equipment to current assets at December 31, 2014.
Property and Equipment	Property and Equipment
	Property and equipment are recorded at cost and are depreciated using the straight-line method over the estimated useful lives of the respective assets, ranging from 3 to 10 years.  Major additions are capitalized, while minor additions and maintenance and repairs, which do not extend the useful life of an asset, are expensed as incurred.
Long Lived Assets	Long Lived Assets
	We review our long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.  An impairment loss would be recognized when estimated future cash flows expected to result from the use of the asset and its eventual disposition is less than its carrying amount.  No such impairment losses have been identified by the Company for the years ended December 31, 2014 and 2013.
Use of Estimates	Use of Estimates
	The preparation of the Company’s financial statements in conformity with accounting principles generally accepted in the United States of America requires us to make certain 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.  The reported amounts of revenues and expenses may be affected by the estimates management is required to make.  Actual results could differ from those estimates.
Advertising Costs	Advertising Costs
	Advertising costs are charged to operations when the advertising first takes place.  Advertising costs charged to operations were $223,873 and $372,419 for the years ended December 31, 2014 and 2013, respectively.
Fair Value of Financial Instruments	Fair Value of Financial Instruments
	At December 31, 2014, our short-term financial instruments consist primarily of accounts receivable, accounts payable, accrued expenses, the advance from shareholder and long-term debt. The carrying amounts of these financial instruments approximate fair value because of their short-term nature.
	Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash and cash equivalents.  As of December 31, 2014 and 2013, and periodically throughout such years, balances in various operating accounts exceeded federally insured limits.  We monitor our positions with, and the credit quality of, the financial institutions in which we maintain cash balances and we have not experienced any losses in such accounts.  We do not hold or issue financial instruments for trading purposes nor do we hold or issue interest rate or leveraged derivative financial instruments.
Segment Information	Segment Information
	The Company follows Financial Accounting Standards Board (FASB) ASC 280-10, Segment Reporting.  Under ASC 280-10, certain information is disclosed based on the way management organizes financial information for making operating decisions and assessing performance.  We currently operate in a single segment and will evaluate additional segment disclosure requirements if we expand our operations.
Income Taxes	Income Taxes
	We compute income taxes in accordance with FASB ASC Topic 740, Income Taxes.  Under ASC-740, deferred tax assets and liabilities are computed based upon the difference between the financial statement and income tax basis of assets and liabilities using the enacted marginal tax rate applicable when the related asset or liability is expected to be realized or settled. Deferred income tax expenses or benefits are based on the changes in the asset or liability each period.  Also, the effect on deferred taxes of a change in tax rates is recognized in income in the period that included the enactment date.  If available evidence suggests that it is more likely than not that some portion or all of the deferred tax assets will not be realized, a valuation allowance is required to reduce the deferred tax assets to the amount that is more likely than not to be realized. Future changes in such valuation allowance are included in the provision for deferred income taxes in the period of change.
	We follow guidance in FASB ASC Topic 740-10, Accounting for Uncertainty in Income Taxes, which prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement.
	We do not believe we have taken any uncertain tax positions on any of our open income tax returns filed through the year ended December 31, 2014.  Our methods of tax accounting are based on established income tax principles in the Internal Revenue Code and are properly calculated and reflected within our income tax returns.  Due to the carryforwards of net operating losses, all of our federal and state income tax returns remain subject to audit.
Stock-Based Compensation	Stock-Based Compensation
	We recognize stock based compensation in accordance with FASB ASC 718, Stock Compensation.   ASC 718 requires that the cost resulting from all share-based transactions be recorded in the financial statements. It establishes fair value as the measurement objective in accounting for share-based payment arrangements and requires all entities to apply a fair-value-based measurement in accounting for share-based payment transactions with employees. The Statement also establishes fair value as the measurement objective for transactions in which an entity acquires goods or services from non-employees in share-based payment transactions.
Net Loss Per Common Share	Net Loss Per Common Share
	We calculate net loss per share in accordance with ASC Topic 260, Earnings per Share.  Basic loss per share is calculated by dividing net loss by the weighted average number of common shares outstanding for the period.  Diluted loss per share is calculated by dividing net loss by the weighted average number of common shares and dilutive common stock equivalents outstanding.
	During periods in which we incur losses, common stock equivalents, if any, are not considered, as their effect would be anti-dilutive.  At December 31, 2014 and 2013 we had no dilutive shares outstanding.
Recent Accounting Pronouncements	Recent Accounting Pronouncements
	We do not believe any recently issued accounting standards will have a material impact on our financial statements.
Reclassification	Reclassification
	One amount in the 2013 statement of operations was reclassified to conform to the presentation in the 2014 financial statements.

Property_and_Equipment_Tables

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2014
Property, Plant and Equipment [Abstract]
Schedule of property and equipment
			2014		2013
	Race vehicles	$	396,484	$	644,806
	Vehicles – other		382,220		382,220
	Shop and track equipment		173,739		173,739
	Office furniture and equipment		54,363		54,809
	Software		26,398		26,398
	DJ Graphics Equipment		24,271		24,271
			1,057,475		1,306,243
	Less accumulated depreciation		-884,772		-901,767
		$	172,703	$	404,476

Stockholders_Deficit_Tables

Stockholders' Deficit (Tables)	12 Months Ended
	Dec. 31, 2014
Stockholders' Equity Note [Abstract]
Schedule of summary of stock option activity
		Stock Options	Weighted-average Exercise Price	Weighted-average Remaining Term (years)
	Balance at December 31, 2012	3,500,000	$0.15	1.8
	Expired	-	-	-
	Balance at December 31, 2013	3,500,000	$0.15	0.8
	Expired	-3,500,000	$0.15	-
	Balance at December 31, 2014	-	-	-

Income_Taxes_Tables

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Schedule of deferred tax asset and the related allowance
		2014	2013
	Non-current deferred tax assets (liabilities), net:
	Tax benefit of net operating loss carryforwards	$   1720,000	$   1,700,000
	Property and equipment	-55,000	-55,000
	Less valuation allowance	-1,665,000	-1,645,000
	Net deferred tax asset	$                 -	$                  -
Schedule of reconciliations of income tax at the effective tax rate
		2014	2013
	Income tax provision at the federal statutory rate	34%	34%
	Effect of operating losses and other temporary differences	-34%	-34%
	Effective tax rates	0%	0%

Organization_Significant_Accou2

Organization, Significant Accounting Policies and Liquidity (Detail Textuals) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
	Segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Spare parts and tires	$143,369	$138,065
Inventory finished goods	5,179	2,585
Depreciation method	Straight-line method
Property and equipment, estimated useful lives	3 to 10 years
Advertising costs	$223,873	$372,419
Number of operating segments	1

Property_and_Equipment_Compone

Property and Equipment - Components of property and equipment (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$1,057,475	$1,306,243
Less accumulated depreciation	-884,772	-901,767
Property and equipment, at cost, net	172,703	404,476
Race vehicles
Property, Plant and Equipment [Line Items]
Property and equipment, gross	396,484	644,806
Vehicles - other
Property, Plant and Equipment [Line Items]
Property and equipment, gross	382,220	382,220
Shop and track equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	173,739	173,739
Office furniture and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	54,363	54,809
Software
Property, Plant and Equipment [Line Items]
Property and equipment, gross	26,398	26,398
DJ Graphics Equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$24,271	$24,271

Property_and_Equipment_Detail_

Property and Equipment (Detail Textuals) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Property, Plant and Equipment [Abstract]
Depreciation	$90,467	$95,825
Cost of sales and services, Depreciation	$85,854	$93,569

Longterm_Debt_Detail_Textuals

Long-term Debt (Detail Textuals) (Vehicle Purchase Contract, USD $)	12 Months Ended		1 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Jan. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Initial outstanding principal balance	$141,793	$23,935
Frequency for principal and interest installment of long-term debt	Monthly	Monthly
Principal and interest installment of long-term debt	2,363	543
Interest rate	4.99%	4.24%
Balance of the note				7,000
Subsequent Event
Debt Instrument [Line Items]
Remaining balance of the indebtedness of vehicle			$93,000

Stockholders_Deficit_Summary_o

Stockholders' Deficit - Summary of stock option activity (Details) (Stock Option, USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Apr. 30, 2009
Stock Option
Stock Options
Beginning Balance	3,500,000	3,500,000		3,500,000
Expired	-3,500,000
Ending Balance		3,500,000	3,500,000	3,500,000
Weighted-average Exercise Price
Beginning Balance	$0.15	$0.15		$0.15
Expired	$0.15
Ending Balance		$0.15	$0.15	$0.15
Weighted-average Remaining Term (years)		9 months 18 days	1 year 9 months 18 days

Stockholders_Deficit_Detail_Te

Stockholders' Deficit (Detail Textuals) (Stock Option, USD $)	1 Months Ended
	Apr. 30, 2009	Dec. 31, 2013	Dec. 31, 2012
Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of outstanding options	3,500,000	3,500,000	3,500,000
Options, extended term	5 years
Exercise price for outstanding options (in dollars per share)	$0.15	$0.15	$0.15

Stockholders_Deficit_Detail_Te1

Stockholders' Deficit (Detail Textuals 1) (USD $)	12 Months Ended	1 Months Ended		0 Months Ended
	Dec. 31, 2014	Oct. 22, 2014	Aug. 28, 2014	14-May-13
		Employee
Stockholders Equity Note [Line Items]
Proceeds from common shares sold	$54,000
Employees
Stockholders Equity Note [Line Items]
Stock price per share		$0.04
Stock based compensation expense		4,000
Number of shares authorized		50,000
Number of employees		2
Brother in law of our President and CEO
Stockholders Equity Note [Line Items]
Stock based compensation expense	300,000
Number of shares granted	10,000,000
Employee Agreement | New officer
Stockholders Equity Note [Line Items]
Stock price per share			$0.05
Stock based compensation expense	50,000
Number of shares vested			1,000,000
Accredited Investor
Stockholders Equity Note [Line Items]
Number of common shares sold				2,500,000
Percentage of common shares owned				5.00%
Stock price per share				$0.04
Proceeds from common shares sold				$100,000

Income_Taxes_Deferred_tax_asse

Income Taxes - Deferred tax asset and related reserve (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Non-current deferred tax assets (liabilities), net:
Tax benefit of net operating loss carryforwards	$1,720,000	$1,700,000
Property and equipment	-55,000	-55,000
Less valuation allowance	-1,665,000	-1,645,000
Net deferred tax asset

Income_Taxes_Sources_and_tax_e

Income Taxes - Sources and tax effects of differences (Details 1)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]
Income tax provision at the federal statutory rate	34.00%	34.00%
Effect of operating losses and other temporary differences	-34.00%	-34.00%
Effective tax rates	0.00%	0.00%

Income_Taxes_Detail_Textuals

Income Taxes (Detail Textuals) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]
Net operating loss carryforwards	$4,300,000
Combined federal and state effective tax rate	40.00%	40.00%
Increase in valuation allowance	$20,000	$18,000

Commitments_Detail_Textuals

Commitments (Detail Textuals) (USD $)	0 Months Ended	12 Months Ended
	Nov. 01, 2014	Dec. 31, 2014	Dec. 31, 2013
Commitments and Contingencies Disclosure [Abstract]
Frequency of rental payments	Monthly
Monthly payment for rent	$900
Operating leases, rent expense		$52,000	$68,000

Commitments_Detail_Textuals_1

Commitments (Detail Textuals 1) (Chief Executive Officer, Employee Agreement, USD $)	1 Months Ended
	Jul. 31, 2011
Chief Executive Officer | Employee Agreement
Commitments [Line Items]
Base salary on extension of employment agreement of chief executive officer	$150,000

Other_Related_Party_Transactio1

Other Related Party Transaction (Detail Textuals) (USD $)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2014	Dec. 31, 2013
Related Party Transaction [Line Items]
Advance from a shareholder, accrued interest		$10,110	$5,617
Shareholder
Related Party Transaction [Line Items]
Advance received from a shareholder	$100,000
Percentage of accrued interest	5.00%