Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Jun. 30, 2020 | Aug. 03, 2020 | |
Document And Entity Information | ||
Entity Registrant Name | AMANASU ENVIRONMENT CORP | |
Document Type | 10-Q | |
Document Period End Date | Jun. 30, 2020 | |
Amendment Flag | false | |
Entity Central Index Key | 0001142801 | |
Current Fiscal Year End Date | --12-31 | |
Entity Common Stock, Shares Outstanding | 44,100,816 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Emerging Growth Company | false | |
Entity Small Business | true | |
Entity Current Reporting Status | Yes | |
Entity Shell Company | false | |
Entity Interactive Data Current | Yes | |
Entity Incorporation, State or Country Code | NV | |
Entity File Number | 000-32905 | |
Document Fiscal Year Focus | 2020 | |
Document Fiscal Period Focus | Q2 |
CONSOLIDATED BALANCE SHEETS
CONSOLIDATED BALANCE SHEETS - USD ($) | Jun. 30, 2020 | Dec. 31, 2019 |
Current Assets: | ||
Cash | $ 56 | $ 211 |
Due from affiliate | 797 | 24,509 |
Total current assets | 853 | 24,720 |
Operating lease right-of-use assets | 18,139 | 25,084 |
Total assets | 18,992 | 49,804 |
Current Liabilities: | ||
Accounts payable and accrued expenses | 8,308 | 13,402 |
Accrued expenses - related parties | 96,093 | 82,170 |
Accrued interest - stockholders | 82,688 | 72,764 |
Taxes payable | 31,251 | 31,056 |
Operating lease liabilities - current | 14,421 | 14,065 |
Due to related parties | 441,293 | 439,765 |
Total current liabilities | 674,054 | 653,222 |
Operating lease liabilities | 3,718 | 11,019 |
Total liabilities | 677,772 | 664,241 |
Stockholders' Deficit: | ||
Common stock: authorized 100,000,000 shares of $.001 par value;44,100,816 shares issued and outstanding | 44,101 | 44,101 |
Additional paid in capital | 4,793,552 | 4,793,552 |
Accumulated deficit | (5,500,695) | (5,456,421) |
Accumulated other comprehensive income | 4,573 | 4,636 |
Total Amanasu Environment Corporation stockholders' deficit | (658,469) | (614,132) |
Non controlling interest in subsidiary | (311) | (305) |
Total stockholders' deficit | (658,780) | (614,437) |
Total liabilities and stockholders' deficit | $ 18,992 | $ 49,804 |
CONSOLIDATED BALANCE SHEETS (Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares | Jun. 30, 2020 | Dec. 31, 2019 |
Statement of Financial Position [Abstract] | ||
Common stock shares authorized | 100,000,000 | 100,000,000 |
Common stock shares par value | $ .001 | $ 0.001 |
Common stock shares issued | 44,100,816 | 44,100,816 |
Common stock shares outstanding | 44,100,816 | 44,100,816 |
CONSOLIDATED STATEMENTS OF COMP
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Income Statement [Abstract] | ||||
Revenue | $ 0 | $ 0 | $ 0 | $ 0 |
Cost of revenue | 0 | 0 | 0 | 0 |
Gross profit | 0 | 0 | 0 | 0 |
General and administrative expenses | 13,298 | 14,638 | 34,350 | 35,713 |
Operating loss | (13,298) | (14,638) | (34,350) | (35,713) |
Other Expense: | ||||
Interest expense - stockholders | (4,969) | (4,798) | (9,924) | (9,379) |
Net loss before income taxes | (18,267) | (19,436) | (44,274) | (45,092) |
Income taxes | 0 | 0 | 0 | 0 |
Net loss | (18,267) | (19,436) | (44,274) | (45,092) |
Net loss attributable to non-controlling interest | 0 | 0 | 0 | 0 |
Net loss attributable to Amanasu Environment Corporation stockholders | (18,267) | (19,436) | (44,274) | (45,092) |
Other Comprehensive Income (Loss): | ||||
Foreign currency translation adjustment | 40 | (303) | (69) | (188) |
Total comprehensive loss | (18,227) | (19,739) | (44,343) | (45,280) |
Less: comprehensive income (loss) attributable to non-controlling interest | 4 | (27) | (6) | (17) |
Comprehensive loss attributable to Amanasu Environment Corporation stockholders | $ (18,231) | $ (19,712) | $ (44,337) | $ (45,263) |
Net loss per share - basic and diluted | $ 0 | $ 0 | $ 0 | $ 0 |
Average number of shares outstanding - basic and diluted | 44,100,816 | 44,100,816 | 44,100,816 | 44,100,816 |
CONSOLIDATED STATEMENTS OF CHAN
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT (Unaudited) - USD ($) | Common Stock | Paid-In Capital | Accumulated Deficit | Comprehensive Income | Non-controlling Interest | Total |
Beginning balance, shares at Dec. 31, 2018 | 44,100,816 | |||||
Beginning balance, amount at Dec. 31, 2018 | $ 44,101 | $ 4,793,552 | $ (5,371,553) | $ 4,736 | $ (295) | $ (529,459) |
Net loss | (45,092) | (45,092) | ||||
Other comprehensive income (loss) | (171) | (17) | (188) | |||
Ending balance, shares at Jun. 30, 2019 | 44,100,816 | |||||
Ending balance, amount at Jun. 30, 2019 | $ 44,101 | 4,793,552 | (5,416,645) | 4,565 | (312) | (574,739) |
Beginning balance, shares at Mar. 31, 2019 | 44,100,816 | |||||
Beginning balance, amount at Mar. 31, 2019 | $ 44,101 | 4,793,552 | (5,397,209) | 4,841 | (285) | (555,000) |
Net loss | (19,436) | (19,436) | ||||
Other comprehensive income (loss) | (276) | (27) | (303) | |||
Ending balance, shares at Jun. 30, 2019 | 44,100,816 | |||||
Ending balance, amount at Jun. 30, 2019 | $ 44,101 | 4,793,552 | (5,416,645) | 4,565 | (312) | (574,739) |
Beginning balance, shares at Dec. 31, 2019 | 44,100,816 | |||||
Beginning balance, amount at Dec. 31, 2019 | $ 44,101 | 4,793,552 | (5,456,421) | 4,636 | (305) | (614,437) |
Net loss | (44,274) | (44,274) | ||||
Other comprehensive income (loss) | (63) | (6) | (69) | |||
Ending balance, shares at Jun. 30, 2020 | 44,100,816 | |||||
Ending balance, amount at Jun. 30, 2020 | $ 44,101 | 4,793,552 | (5,500,695) | 4,573 | (311) | (658,780) |
Beginning balance, shares at Mar. 31, 2020 | 44,100,816 | |||||
Beginning balance, amount at Mar. 31, 2020 | $ 44,101 | 4,793,552 | (5,482,428) | 4,537 | (315) | (640,553) |
Net loss | (18,267) | (18,267) | ||||
Other comprehensive income (loss) | 36 | 4 | 40 | |||
Ending balance, shares at Jun. 30, 2020 | 44,100,816 | |||||
Ending balance, amount at Jun. 30, 2020 | $ 44,101 | $ 4,793,552 | $ (5,500,695) | $ 4,573 | $ (311) | $ (658,780) |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) | 6 Months Ended | |
Jun. 30, 2020 | Jun. 30, 2019 | |
CASH FLOWS FROM OPERATIONS | ||
Net loss | $ (44,274) | $ (45,092) |
Changes in assets and liabilities: | ||
Accounts payable and accrued expenses | (5,122) | (4,720) |
Accrued expenses - related parties | 13,875 | 12,875 |
Accrued interest - stockholders | 9,924 | 9,379 |
Net cash used in operating activities | (25,597) | (27,558) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Advances from stockholders, net of repayment | 1,730 | 30,450 |
Due from (to) related parties | 23,712 | (5,941) |
Net cash (used in) provided by financing activities | 25,442 | 24,509 |
Net change in cash | (155) | (3,049) |
Cash balance, beginning of period | 211 | 3,290 |
Cash balance, end of period | 56 | 240 |
Supplemental disclosures of cash flow information: | ||
Cash paid for interest | 0 | 0 |
Cash paid for income taxes | $ 0 | $ 0 |
1. BASIS OF PRESENTATION
1. BASIS OF PRESENTATION | 6 Months Ended |
Jun. 30, 2020 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
1. BASIS OF PRESENTATION | The unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and the rules and regulations of the Securities and Exchange Commission. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, the accompanying unaudited financial statements contain all adjustments (consisting of normal recurring accruals) necessary to present fairly the financial position of the Company as of June 30, 2020, the results of operations for the three and six months ended June 30, 2020 and 2019, and cash flows for the six months ended June 30, 2020 and 2019. These results are not necessarily indicative of the results to be expected for the full year or any other period. The December 31, 2019 balance sheet included herein was derived from the audited financial statements included in the Company’s Annual Report on Form 10-K as of that date. Accordingly, the financial statements included herein should be reviewed in conjunction with the financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019, as filed with the Securities and Exchange Commission (“SEC”) on March 30, 2020. |
2. GOING CONCERN AND UNCERTAINT
2. GOING CONCERN AND UNCERTAINTY | 6 Months Ended |
Jun. 30, 2020 | |
Going Concern And Uncertainty | |
2. GOING CONCERN AND UNCERTAINTY | The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As shown in the financial statements, the Company had a working capital deficiency of $673,201 and an accumulated deficit of $5,500,695 at June 30, 2020, and a record of continuing losses. These factors, among others, raise substantial doubt about the ability of the Company to continue as a going concern. The financial statements do not include adjustments that might result from the outcome of this uncertainty. The Company’s operations to date have been limited to conducting various tests on its technologies and seeking financing. The Company will continue to develop and market its technologies, which the Company believes have great market potential. As such, the Company continues to pursue additional sources of financing. Currently the company is exploring various potential investment partners in Japan, as well as China. There can be no assurances that the Company can secure additional financing. The present plans, the realization of which cannot be assured, to overcome these difficulties also include, but are not limited to, a continuing effort to investigate business acquisitions and joint ventures. The Company’s operations may be affected by the recent and ongoing outbreak of the coronavirus disease 2019 (COVID-19) which in March 2020, was declared a pandemic by the World Health Organization. The ultimate disruption which may be caused by the outbreak is uncertain; however, it may result in a material adverse impact on the Company’s financial position, operations and cash flows. Possible areas that may be affected include, but are not limited to, disruption to the Company’s ability to obtain funding and performing further research on certain projects. |
3. SUMMARY OF SIGNIFICANT ACCOU
3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 6 Months Ended |
Jun. 30, 2020 | |
Accounting Policies [Abstract] | |
3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | In February 2016, the FASB established Topic 842, Leases, by issuing Accounting Standards Update (ASU) No. 2016-02, which requires lessees to recognize leases on-balance sheet and disclose key information about leasing arrangements. Topic 842 was subsequently amended by ASU No. 2018-01, Land Easement Practical Expedient for Transition to Topic 842; ASU No. 2018-10, Codification Improvements to Topic 842, Leases; and ASU No. 2018-11, Targeted Improvements. The new standard establishes a right-of-use model (ROU) that requires a lessee to recognize a ROU asset and lease liability on the balance sheet for all leases with a term longer than 12 months. Leases will be classified as finance or operating, with classification affecting the pattern and classification of expense recognition in the income statement. The new standard is effective on January 1, 2019. A modified retrospective transition approach is required, applying the new standard to all leases existing at the date of initial application. An entity may choose to use either (1) its effective date or (2) the beginning of the earliest comparative period presented in the financial statements as its date of initial application. If an entity chooses the second option, the transition requirements for existing leases also apply to leases entered into between the date of initial application and the effective date. The entity must also recast its comparative period financial statements and provide the disclosures required by the new standard for the comparative periods. The Company adopted the new standard on January 1, 2019 and use the effective date as the date of initial application. Consequently, financial information will not be updated and the disclosures required under the new standard will not be provided for dates and periods before January 1, 2019. The new standard provides a number of optional practical expedients in transition. The Company elects the ‘package of practical expedients’, which permits the Company not to reassess under the new standard prior conclusions about lease identification, lease classification and initial direct costs. The Company determined that this standard will have a material effect on the Company’s financial statements. While the Company continues to assess all of the effects of adoption, the Company currently believes the most significant effects relate to the recognition of new ROU assets and lease liabilities on the Company’s balance sheet for the Company’s real estate operating leases. On adoption, the Company recognized additional an operating lease liability of approximately $10,353 with corresponding ROU assets of the same amount based on the present value of the remaining minimum rental payments under current leasing standards for existing operating leases (see Note 6). Certain amounts in the prior period financial statements have been reclassified to conform to the presentation of the current period financial information. These reclassifications had no effect on the previously reported net loss. During the six months ended June 30, 2020, there have been no other material changes in the Company’s significant accounting policies to those previously disclosed in the Annual Report. No recently issued accounting pronouncements had or are expected to have a material impact on the Company’s consolidated financial statements. |
4. RELATED PARTY TRANSACTIONS
4. RELATED PARTY TRANSACTIONS | 6 Months Ended |
Jun. 30, 2020 | |
Related Party Transactions [Abstract] | |
4. RELATED PARTY TRANSACTIONS | The Company receives periodic advances from its principal stockholders and officers based upon the Company’s cash flow needs. There is no written loan agreement between the Company and the stockholders and officers. All advances bear interest at 4.45% and no repayment terms have been established. As a result, the amount is classified as a current liability. During the six months ended June 30, 2020, the Company borrowed $1,730 from a stockholder. The balances due as of June 30, 2020 and December 31, 2019 were $392,300 and $390,750, respectively. Interest expense associated with these loans were $4,406 and $8,799 for the three and six months ended June 30, 2020 as compared to $4,235 and $8,260 for the three and six months ended June 30, 2019. Accrued interest on these loans were $70,346 and $61,547 at June 30, 2020 and December 31, 2019, respectively. The Company has an arrangement with Lina Maki, a stockholder of the Company, for her management consulting time. The agreement is not written and no payment terms have been established. The fee is $10,000 annually. As of June 30, 2020 and December 31, 2019 amounts due to the stockholder were $35,000 and $30,000, respectively. The Company leases its office space in Vancouver from a stockholder of the Company at a monthly rate of $2,500 under a lease agreement which expires October 1, 2021. At June 30, 2020 and December 31, 2019 amounts due to the stockholder were $52,495 and $44,620, respectively. The Company shares the space with Amanasu Techno Holdings Corp, a reporting company under the Securities Exchange Act of 1934. Amanasu Techno Holdings Corp is responsible for 50% of the rent. The office in New York is rented at the rate of approximately $360 each year and is also shared with Amanasu Techno Holdings Corp. In addition, the Company maintains an office at Suite 905, 1-6-1 Senzoku Taito-Ku Tokyo Japan. Amanasu Corp. is the principal stockholder of the Company. The balance due to Amanasu Corp. was $50,000 and $50,000 at June 30, 2020 and December 31, 2019, respectively. Interest expense associated with this loan were $563 and $1,125 for the three and six months ended June 30, 2020, respectively, as compared to $563 and $1,119 for the three and six months ended June 30, 2019, respectively. No terms for repayment have been established. As a result, the amount is classified as a current liability in due to related parties. Accrued interest on this loan were $12,342 and $11,217 at June 30, 2020 and December 31, 2019, respectively. |
5. INCOME TAXES
5. INCOME TAXES | 6 Months Ended |
Jun. 30, 2020 | |
Income Tax Disclosure [Abstract] | |
5. INCOME TAXES | In accordance with the current tax laws in the U.S., the Company is subject to a corporate tax rate of 21% on its taxable income. No provision for taxes is made for U.S. income tax for the six months ended June 30, 2020 and 2019 as it has no taxable income in the U.S. The Company can carry forward net operating losses (NOL's) to be applied against future profits for a period of twenty years in the U.S. and 80% of the NOL can be carried forward for three years in Japan. The Company had NOL carryforwards of approximately $3.87 million in the U.S. and $6,200 in Japan at June 30, 2020. Approximately $3.65 million in the U.S. and $6,200 in Japan will expire in the years 2020 through 2037, and $0.22 million can be carried forward indefinitely. Deferred income taxes are recorded to reflect the tax consequences or benefits to future years of any temporary differences between the tax basis of assets and liabilities, and of net operating loss carryforwards. In assessing the realization of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets us dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Based on the assessment, management has established a full valuation allowance against all of the deferred tax assets relating to the NOL’s for every period because it is more likely than not that all of the deferred tax assets will not be realized. On December 22, 2017, the “Tax Cuts and Jobs Act” (“The 2017 Tax Act”) was enacted in the United States. Under the provisions of the Act, the U.S. corporate tax rate decreased from 34% to 21%. Accordingly, the Company has re-measured its deferred tax assets on net operating loss carry forwards in the U.S at the lower enacted cooperated tax rate of 21%. However, this re-measurement has no effect on the Company’s income tax expenses as the Company has provided a 100% valuation allowance on its deferred tax assets previously. Additionally, the 2017 Tax Act implemented a modified territorial tax system and imposing a tax on previously untaxed accumulated earnings and profits (“E&P”) of foreign subsidiaries (the “Toll Charge”). The Toll Charge is based in part on the amount of E&P held in cash and other specific assets as of December 31, 2017. The Toll Charge can be paid over an eight-year period, starting in 2018, and will not accrue interest. The 2017 Tax Act also imposed a global intangible low-taxed income tax (“GILTI”), which is a new tax on certain off-shore earnings at an effective rate of 10.5% for tax years beginning after December 31, 2017 (increasing to 13.125% for tax years beginning after December 31, 2025) with a partial offset for foreign tax credits. The Company has determined that this one-time Toll Charge has no effect on the Company’s income tax expenses as the Company has no undistributed foreign earnings at either of the two testing dates of November 2, 2017 and December 31, 2017. For purposes of the inclusion of GILTI, the Company has determined that the Company has no taxable off-shore earnings as of June 30, 2020 and 2019, respectively. Therefore, this is no accrual of US income tax for GILTI as of June 30, 2020. The extent of the Company’s operations involves dealing with uncertainties and judgments in the application of complex tax regulations in a multitude of jurisdictions. The final taxes paid are dependent upon many factors, including negotiations with taxing authorities in various jurisdictions and resolution of disputes arising from federal, state and international tax audits. The Company recognizes potential liabilities and records tax liabilities for anticipated tax audit issues in the United States and other tax jurisdictions based on its estimate of whether, and the extent to which, additional taxes will be due. |
6. OPERATING LEASE LIABILITY
6. OPERATING LEASE LIABILITY | 6 Months Ended |
Jun. 30, 2020 | |
Leases [Abstract] | |
6. OPERATING LEASE LIABILITY | The Company's executive offices are located at 244 Fifth Avenue 2nd Floor New York, NY 10001 and Vancouver, British Columbia. The total premises in Vancouver are 2,000 square feet and are leased at a monthly rate of $2,500 under a lease agreement between the Company and the Secretary of the Company which expired October 1, 2019. The Company entered into a new lease with the Secretary of the Company at a monthly rate of $2,500, which expires October 1, 2021. The Company shares the space with AEC, a reporting company under the Securities Exchange Act of 1934. Our major shareholder and officer own approximately 81% of AEC’s outstanding shares of common stock. AEC is responsible for 50% of the rent or $1,250 each month. The office in New York is rented at the rate of $360 each year and shares with AEC. In addition, the Company maintains an office at Suite 905, 1-6-1 Senzoku Taito-Ku Tokyo Japan, and the Company pays no rent. Upon adoption of ASC 842, Leases, on January 1, 2019 the Company recorded $10,353 of right-of-use assets and related operating lease liabilities. This asset was fully amortized as of September 30, 2019. The Company's lease does not provide an implicit rate, and therefore the Company uses an estimated incremental borrowing rate as the discount rate when measuring operating lease liabilities. The incremental borrowing rate represents an estimate of the interest rate the Company would incur at lease commencement to borrow an amount equal to the lease payments on a collateralized basis over the term of a lease. The Company used incremental borrowing rate of 5% for operating leases that commenced prior to that date. On October 1, 2019, the Company commenced a new lease with its shareholder from October 1, 2019 to September 30, 2021 with a monthly payment of approximately $1,250. As such, the Company recorded $28,492 of right-of-use assets and related operating leases liabilities. For the six months from January 1, 2020 through June 30, 2020, the Company amortized $6,945of right-of-use assets. The following table reconciles the undiscounted future minimum lease under the non-cancelable operating leases with terms of more than one year to the total lease liabilities recognized on the consolidated balance sheet as of June 30, 2020: 2020 – six months $ 7,500 2021 11,250 Total undiscounted future minimum lease payments 18,750 Less: Difference between undiscounted lease payments and discounted lease liabilities (611 ) Total operating lease liabilities 18,139 Less current portion (14,421 ) Long-term lease liabilities $ 3,718 Total rent expense under operating leases for the three and six months ended June 30, 2020 was $3,750 and $7,500, respectively, as compared to $3,750 and $7,500 for the three and six months ended June 30, 2019, respectively. |
7. SUBSEQUENT EVENTS
7. SUBSEQUENT EVENTS | 6 Months Ended |
Jun. 30, 2020 | |
Subsequent Events [Abstract] | |
7. SUBSEQUENT EVENTS | The Company evaluated subsequent events, which are events or transactions that occurred after June 30, 2020 through the issuance of the accompanying financial statements and determined that no significant subsequent event need to be recognized or disclosed. |
6. OPERATING LEASE LIABILITY (T
6. OPERATING LEASE LIABILITY (Tables) | 6 Months Ended |
Jun. 30, 2020 | |
Leases [Abstract] | |
Future minimum lease payments | 2020 – six months $ 7,500 2021 11,250 Total undiscounted future minimum lease payments 18,750 Less: Difference between undiscounted lease payments and discounted lease liabilities (611 ) Total operating lease liabilities 18,139 Less current portion (14,421 ) Long-term lease liabilities $ 3,718 |
2. GOING CONCERN AND UNCERTAI_2
2. GOING CONCERN AND UNCERTAINTY (Details Narrative) - USD ($) | Jun. 30, 2020 | Dec. 31, 2019 |
Going Concern And Uncertainty | ||
Working capital | $ (673,201) | |
Accumulated deficit | $ (5,500,695) | $ (5,456,421) |
4. RELATED PARTY TRANSACTIONS (
4. RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | Dec. 31, 2019 | |
Stockholders and Officers | |||||
Due to related party | $ 392,300 | $ 392,300 | $ 390,750 | ||
Interest expense | 4,406 | $ 4,235 | 8,799 | $ 8,260 | |
Accrued interest | 70,346 | 70,346 | 61,547 | ||
Stockholder 1 | |||||
Due to related party | 35,000 | 35,000 | 30,000 | ||
Stockholder 2 | |||||
Due to related party | 52,495 | 52,495 | 44,620 | ||
Amanasu Corp. | |||||
Due to related party | 50,000 | 50,000 | 50,000 | ||
Interest expense | 563 | $ 563 | 1,125 | $ 1,119 | |
Accrued interest | $ 12,342 | $ 12,342 | $ 11,217 |
5. INCOME TAXES (Details Narrat
5. INCOME TAXES (Details Narrative) | Jun. 30, 2020USD ($) |
United States | |
Net operating loss carryforward | $ 3,870,000 |
Japan | |
Net operating loss carryforward | $ 6,200 |
6. OPERATING LEASE LIABILITY (D
6. OPERATING LEASE LIABILITY (Details) - USD ($) | Jun. 30, 2020 | Dec. 31, 2019 |
Leases [Abstract] | ||
2020 - six months | $ 7,500 | |
2021 | 11,250 | |
Total undiscounted future minimum lease payments | 18,750 | |
Less: difference between undiscounted lease payments and discounted lease liabilities | (611) | |
Total operating lease liabilities | 18,139 | |
Less current portion | (14,421) | $ (14,065) |
Long-term lease liabilities | $ 3,718 | $ 11,019 |
6. OPERATING LEASE LIABILITY _2
6. OPERATING LEASE LIABILITY (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Leases [Abstract] | ||||
Rent expense | $ 3,750 | $ 3,750 | $ 7,500 | $ 7,500 |