Summary of Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2016 |
Basis of Presentation [Policy Text Block] | Basis of Presentation |
Organization [Policy Text Block] | Organization Effective April 18, 2008 Soyodo entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Omphalos, Corp., a Nevada corporation. Pursuant to the Merger Agreement, Soyodo was merged with and into the surviving corporation, Omphalos Corp. The certificate of incorporation and bylaws of the surviving corporation became the certificate of incorporation and bylaws of the Company, and the directors and officers of Soyodo became the members of the board of directors and officers of the Company. Following the execution of the Merger Agreement, the Company filed with the Secretary of State of Delaware and Nevada, a Certificate of Merger. Omphalos, Corp is incorporated on April 15, 2008 under the laws of the state of Nevada. The main purpose of the merger is to change the company’s name to Omphalos, Corp. |
Basis of Consolidation [Policy Text Block] | Basis of Consolidation |
Going Concern [Policy Text Block] | Going Concern There can be no assurances that there will be adequate financing available to the Company and the consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the outcome of this uncertainty. The Company has taken certain restructuring steps to provide the necessary capital to continue its operations. These steps included: (1) Tightly budgeting and controlling all expenses; (2) Expanding product lines and recruiting a strong sales team to significantly increase sales revenue and profit in 2016; (3) plans to continue actively seeing additional funding opportunities to improve and expand upon its product lines. |
Use of Estimates [Policy Text Block] | Use of Estimates |
Cash and Cash Equivalents [Policy Text Block] | Cash and Cash Equivalents |
Accounts Receivable [Policy Text Block] | Accounts Receivable |
Inventory [Policy Text Block] | Inventory |
Property and Equipment [Policy Text Block] | Property and Equipment Automobile 5 years Furniture and fixtures 3 years Machinery and equipment 3 to 5 years Leasehold improvements 55 years Expenditures for major renewals and betterment that extend the useful lives of property and equipment are capitalized. Expenditures for repairs and maintenance are charged to expense as incurred. When property and equipment are retired or otherwise disposed of, the asset and accumulated depreciation are removed from the accounts and the resulting profit or loss is reflected in the statement of income for the period. The accumulated depreciation was $105,609 and $102,516 at March 31, 2016 and December 31, 2015, respectively. Depreciation expense was $1,120 and $1,174 for the three months ended March 31, 2016 and 2015, respectively. |
Intangible Assets [Policy Text Block] | Intangible Assets |
Revenue Recognition [Policy Text Block] | Revenue Recognition |
Leases [Policy Text Block] | Leases If at its inception a lease meets any of the four lease criteria above, the lease is classified by the lessee as a capital lease; and if none of the four criteria are met, the lease is classified by the lessee as an operating lease. |
Research and Development Expenses [Policy Text Block] | Research and Development Expenses |
Statement of Cash Flows [Policy Text Block] | Statement of cash flows |
Income Taxes [Policy Text Block] | Income Taxes |
Stock Based Compensation [Policy Text Block] | Stock Based Compensation Compensation-Stock Compensation |
Loss Per Share [Policy Text Block] | Loss Per Share |
Impairment of Long-Lived Assets [Policy Text Block] | Impairment of Long-Lived Assets |
Foreign-currency Transactions [Policy Text Block] | Foreign-currency Transactions |
Translation Adjustment [Policy Text Block] | Translation Adjustment In accordance with ASC 830, Foreign Currency Matters, the Company translates the assets and liabilities into U.S. dollar ($) using the rate of exchange prevailing at the balance sheet date and the statements of operations and cash flows are translated at an average rate during the reporting period. Adjustments resulting from the translation from NTD into U.S. dollar are recorded in stockholders’ equity as part of accumulated other comprehensive income. |
Reclassifications [Policy Text Block] | Reclassifications |
Recently Issued Accounting Pronouncements [Policy Text Block] | Recently Issued Accounting Pronouncements — In November 2015, the FASB issued ASU 2015-17, “Balance Sheet Classification of Deferred Taxes”. This update requires an entity to classify deferred tax liabilities and assets as noncurrent within a classified statement of financial position. ASU 2015-17 is effective for annual and interim reporting periods beginning after December 15, 2016. This update may be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. Early application is permitted as of the beginning of the interim or annual reporting period. We are currently evaluating the impact of the adoption of this pronouncement on our balance sheet; although we expect a significant reclassification between current and long-term assets. In February 2016, the FASB issued ASU 2016-02, "Leases," which requires recognition of lease assets and lease liabilities on the balance sheet of lessees. ASU 2016-02 is effective for fiscal years and interim reporting periods within those years beginning after December 15, 2018, or in fiscal 2020 for HEICO. Early adoption is permitted. ASU 2016-02 requires a modified retrospective transition approach and provides certain optional transition relief. We are currently evaluating the effect the adoption of this guidance will have on our consolidated results of operations, financial position and cash flows. In March 2016, the FASB issued ASU No. 2016-08, “Revenue from Contracts with Customers (Topic 606) – Principal versus Agent Considerations (“ASU 2016-08”)”, which clarifies the implementation guidance for principal versus agent considerations in ASU 2014-09. In April 2016, the FASB issued ASU No. 2016-10, Revenue from Contracts with Customers (Topic 606) – Identifying Performance Obligations and Licensing (“ASU 2016-10”), which amends the guidance in ASU 2014-09 related to identifying performance obligations and accounting for licenses of intellectual property. The Company must adopt ASU 2016-08 and ASU 2016-10 with ASU 2014-09. The new revenue standard may be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized as of the date of adoption. The Company is currently evaluating the timing of its adoption and the impact of adopting the new revenue standard on its consolidated financial statements. |