Genesis Financial 10-Q 1 Nov 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Oct. 26, 2017
Document and Entity Information
Entity Registrant Name	Genesis Financial Inc
Document Type	10-Q
Document Period End Date	Sep. 30, 2017
Amendment Flag	false
Entity Central Index Key	1,183,082
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		17,594,992
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Entity Incorporation, State Country Name	Wyoming
Trading Symbol	gfnl
Entity Incorporation, Date of Incorporation	Jan. 24, 2002

GENESIS FINANCIAL, INC. Condens

GENESIS FINANCIAL, INC. Condensed Balance Sheets (Interim period unaudited) - USD ($)		Sep. 30, 2017	Dec. 31, 2016
CURRENT ASSETS:
Cash and cash equivalents		$ 2,534	$ 10,639
Interest and other receivables			16,748
Investments in real estate limited liability companies		109,356	104,940
Loans held for sale		325,756	347,755
Real estate owned			14,999
Total current assets		437,646	495,081
NON-CURRENT ASSETS:
Long-term investments		362,619	362,619
Real estate leasehold interest, net of accumulated amortization of $80,848 and $70,527, respectively		93,000	204,423
Rental property, net of accumulated depreciation of $-0- and $4,733, respectively			121,895
Office equipment, net of accumulated depreciation of $7,283 and $6,865, respectively		650	1,067
Total non-current assets		456,269	690,004
Total assets		893,915	1,185,085
CURRENT LIABILITIES:
Line of credit, related party		950,000	950,000
Line of credit, bank		177,500	180,000
Note payable			28,385
Other current liabilities		10,000	1,115
Total current liabilities		1,137,500	1,159,500
LONG-TERM LIABILITIES
Convertible note payable to officer		0	0
COMMITMENT AND CONTINGENCIES	[1]	0	0
STOCKHOLDERS' EQUITY:
Series B Preferred stock, $1.00 par value: 2,290,000 authorized,none issued and outstanding, respectively		0	0
Common stock, $.001 par value, 100,000,000 authorized,17,594,992 and 17,200,653 issued and outstanding, respectively		17,595	17,201
Additional paid-in capital		8,636,357	8,598,531
Accumulated deficit		(8,897,537)	(8,590,147)
Total stockholders' equity		(243,585)	25,585
Total liabilities and stockholders' equity		$ 893,915	$ 1,185,085
[1]	Note 6

Statement of Financial Position

Statement of Financial Position - Parenthetical - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Statement of financial position
Preferred Stock, Par Value	$ 1	$ 1
Preferred Stock, Shares Authorized	2,290,000	2,290,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par Value	$ 0.001	$ 0.001
Common Stock, Shares Authorized	100,000,000	100,000,000
Common Stock, Shares Issued	17,594,992	17,200,653
Common Stock, Shares Outstanding	17,594,992	17,200,653
Accumulated depreciation, equipment	$ 7,283	$ 6,865
Accumulated amortization, real estate leasehold interest	80,848	70,527
Accumulated depreciation, rental property	$ 0	$ 7,568

GENESIS FINANCIAL, INC. Conden4

GENESIS FINANCIAL, INC. Condensed Statements of Operations and Comprehensive Income (Loss)(Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
REVENUE:
Interest, processing fees and other income	$ 4,643	$ 11,673	$ 27,073	$ 34,526
Rental income	1,200	6,000	11,925	16,528
Net revenues	5,843	17,673	38,998	51,054
EXPENSES:
Fair value adjustment	20,000	44,761	20,000	44,761
Loss on impairment of real estate lease hold interest			101,102
Loss (income) on investment in real estate LLC		4,097	376	(265,638)
Loss on sale of available for sale security				497,787
Loss on sale of rental property to related party	17,670		17,328
(Gain) on sale of loan				(21,258)
Salaries	9,000	10,250	27,000	35,750
Interest expense, related party		6,142	18,219	8,297
Interest expense, other	2,257	83	6,710	2,452
Financing expense, related party				29,000
Depreciation	139	877	995	2,630
Amortization		5,161	10,321	15,482
Rental property expense	1,273	2,437	4,637	13,508
Office occupancy and other	42,919	43,031	139,700	147,403
Total operating expenses	93,259	116,839	346,387	510,174
NET LOSS	(87,416)	(99,166)	(307,390)	(459,120)
COMPREHENSIVE INCOME (LOSS):
Unrealized loss on available for sale securities				(24,357)
Reclassification of unrealized loss on available for sale security				497,787
Total other comprehensive income (loss)				473,430
COMPREHENSIVE INCOME (LOSS)	$ (87,416)	$ (99,166)	$ (307,390)	$ 14,310
BASIC AND DILUTED EARNINGS (LOSS) PER SHARE	$ 0	$ (0.01)	$ (0.02)	$ (0.03)
WEIGHTED AVERAGE SHARES: BASIC AND DILUTED	17,594,992	17,067,003	17,432,030	16,897,568

GENESIS FINANCIAL, INC. Conden5

GENESIS FINANCIAL, INC. Condensed Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Statement of cash flows
CASH FLOWS FROM OPERATING ACTIVITIES	$ (103,945)	$ (373,614)
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sale of rental properties	107,585
Proceeds from sale of real estate owned	19,140
Proceeds from sale of real estate limited liability company		389,934
Proceeds from sale of investment available for sale security		2,213
Net cash provided (used) by investing activities	126,725	392,147
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings from line of credit from bank, net	20,000	139,714
(Repayment) from line of credit from bank, net	(22,500)	(175,000)
Borrowings (repayment) of note payable	(28,385)	724
Net cash provided (used) by financing activities	(30,885)	(34,562)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENT	(8,106)	(16,029)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	10,639	31,301
CASH AND CASH EQUIVALENTS AT END OF PERIOD	2,534	15,272
NONCASH TRANSACTIONS
Convertible note payable to officer converted to common stock		250,000
Loans held for sale converted to REO		88,117
Investment in real estate limited liability company exchanged for reduction of line of credit with related party		300,000
Loans held for sale exchanged for reduction in line of credit with related party		10,000
REO converted to rental property		$ 69,761
Common stock issued for interest owing on line of credit with affiliate company	18,219
Common stock issued to Directors for services	$ 20,000

Note 1 - Organization and Summa

Note 1 - Organization and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2017
Notes
Note 1 - Organization and Summary of Significant Accounting Policies:	NOTE 1 — ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Organization: Genesis Financial, Inc. (“the Company” or “GFI”) was incorporated in Washington State on January 24, 2002 and on January 26, 2016 we moved our corporate domicile to the State of Wyoming. The Company is primarily engaged in the business of purchasing and selling real estate receivable loans and periodically providing bridge capital funding. Loans consist of real estate loans and mortgage notes collateralized by primarily first position liens on residential and commercial real estate. The loans collateralized by real estate are typically non-conventional either because they are originated as a result of seller financing, or the underlying property is non-conventional. The Company invests in loans using investor funds, equity funds and funds generated from external borrowings including a line of credit facility from a related party. The financial statements of GFI, presented in this Form 10Q are unaudited and reflect, in the opinion of Management, a fair presentation of operations for the three and nine month periods ended September 30, 2017 and September 30, 2016. All adjustments of a normal recurring nature and necessary for a fair presentation of the results for the periods covered have been made. Certain information and footnote disclosure normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to the applicable rules and regulations of the Securities and Exchange Commission. These financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Company's Form 10K for the year ended December 31, 2016 as filed with Securities and Exchange Commission. The results of operations for the three and nine months ended September 30, 2017, are not necessarily indicative of the results expected for the full fiscal year or for any other fiscal period. Summary of Significant Accounting Policies: Use of estimates Fair value measurements - 1. the fair value measurement; 2. the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets or liabilities (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3); 3. for fair value measurements using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: a. total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings, and a description of where those gains or losses included in earnings are reported in the statement of operations; b. the amount of these gains or losses attributable to the change in unrealized gains or losses relating to those assets or liabilities still held at the reporting period date and a description of where those unrealized gains or losses are reported; c. purchases, sales, issuances, and settlements (net); and d. transfers into and/or out of Level 3. 4. the amount of the total gains or losses for the period in (3)(a) included in earnings that are attributable to the change in unrealized gains or losses relating to those assets and liabilities still held at the reporting date and a description of where those unrealized gains or losses are reported in the statement of operations; and 5. in annual periods only, the valuation technique(s) used to measure fair value and a discussion of changes in valuation techniques, if any, during the period. Real estate leasehold interest – Loans held for sale – Real estate owned – Income tax Earnings per share September 30, 2017 2016 Stock options - 261,000 Convertible preferred stock - - Convertible debt - - Total possible dilution - 261,000 Reclassifications

Note 2 - Loans Held For Sale

Note 2 - Loans Held For Sale	9 Months Ended
	Sep. 30, 2017
Notes
Note 2 - Loans Held For Sale:	NOTE 2 — LOANS HELD FOR SALE: The Company's fair value of loans held for sale consisted of the following: September 30, 2017 December 31, 2016 Residential $ 99,072 $ 120,912 Commercial 226,684 226,843 Loans held for sale - Total $ 325,756 $ 347,755 The following table presents a reconciliation of loans held for sale measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the nine months ended September 30, 2017 and 2016: September 30, 2017 2016 Beginning Balance $ 347,755 $ 503,890 New loans - 166,079 Principal payments received (1,999) (14,355) Proceeds on sale of loans - (120,000) Gain on sale of loans - 21,258 Converted to rental property - (88,117) Loan exchanged for reduction in line of credit, related party - (10,000) Fair value adjustment (20,000) - Repossession expenses - 4,765 Ending Balance $ 325,756 $ 463,520 During the quarter ended September 30, 2017, the Company booked a fair value adjustment of $(20,000) based on inability to foreclose on a property in Texas. In 2016, the Company sold two loans with a basis of $103,742 for $125,000 for a gain of $21,258.

Note 3- Real Estate Owned

Note 3- Real Estate Owned	9 Months Ended
	Sep. 30, 2017
Notes
Note 3- Real Estate Owned:	NOTE 3- REAL ESTATE OWNED: The Company's fair value of REO consisted of the following: September 30, 2017 December 31, 2016 Residential $ - $ - Land - 14,999 Commercial - - Total $ - $ 14,999 The following table presents the change in balance sheet carrying values associated with REO for the nine months ended September 30, 2017 and 2016: September 30, 2017 2016 Beginning Balance $ 14,999 $ 27,451 REO transferred from loans held for sale - 88,117 Proceeds from sales of REO (19,140) - Gain on sale of REO 4,141 - REO converted to rental property - (69,761) Fair value adjustment - (20,000) Net change in holding costs - (416) Ending Balance $ -0- $ 25,391 During the nine months ended September 30, 2017, by board action, the Company sold two REO's with a basis of $14,999 for $19,140 for a gain of $4,141 to a related party (See Note 8).

Note 4 - Other Assets

Note 4 - Other Assets	9 Months Ended
	Sep. 30, 2017
Notes
Note 4 - Other Assets	NOTE 4 — OTHER ASSETS: Long term investments: Flyback Energy, Inc.: In December 2015, the Company reduced the carrying value of its Flyback Energy common shares to $0.067 per share, or $212,619, and recorded an impairment change of $1,037,381 based on the last known common share sale. We believe that Flyback Energy, Inc. is a development stage company being financed by outside sources of capital. Flyback is in the stages of developing a prototype efficiency generator. At this time, Flyback is not guaranteed future financing. Digi Outdoor Media, Inc.: In 2014, the Company loaned Placer Creek Mining Company (“Placer”) now known as Digi Outdoor Media, Inc, $150,000. The loan interest rate was 5.0% and the Company had an option to convert any or all of the amount due into an equity private placement of Placer. The Placer transaction has been treated as a related party transaction. (See Note 8: Michael Lavigne) On February 24, 2015, the Company converted the loan into 300,000 shares of common stock of Digi Outdoor Media, Inc. (“Digi”), the successor in interest to Placer. The Company determined that the fair value of the shares received on the conversion to be $150,000 based upon the loan balance of $150,000 because Digi was not publicly traded and has had no recent cash sale of its common stock. The fair value was determined using Level 2 inputs under the fair value hierarchy. Digi is a startup company in the business of manufacturing and leasing outdoor advertising signs. Digi has experienced some permitting delays in its initial phase of product leasing and installation in the Washington, D.C. area and it is not known when these issues will be settled. Investments in Available for Sale Securities: Ambient Water Corporation (Formerly AWG International Water Corp.): The Company purchased 109,906 shares of the AWG International Water Corp, a Nevada corporation, (“AWGI”) common stock for $500,000 ($250,000 each in 2010 and 2011). In July 2012, AWGI was acquired by MIP Solutions, Inc. in a share exchange transaction (the "Acquisition"). In connection with the Acquisition, the Company’s 109,906 shares of AWGI common stock were converted into 7,380,433 shares of AWG International Water Corp (formerly MIP Solutions, Inc.). On May 19, 2016, by board action the Company sold its interest in Ambient Water Corporation to John R. Coghlan (see Note 8) for $0.0003 per share, the fair value of the stock on the day of sale for proceeds of $2,213, resulting in a recognized loss of $497,787. Investments in Real Estate Limited Liability Companies: At the end of 2012, the Company acquired investments in two Washington state real estate limited liability companies for $225,000. During the quarter ended March 31, 2016 one limited liability company was sold for $399,934 resulting in a gain of $139,821. During the quarter ended June 30, 2016, by board action the Company exchanged its 9.1756% interest in the other limited liability company to Coghlan Family Corporation “CFC” (see Note 8) for $300,000, resulting in a gain on sale of $131,625. The transaction was made by reducing the balance payable to CFC’s revolving line of credit. As required by the operating agreement of Wenatchee Riverview, LLC, CFC offer was disclosed to all other LLC members permitting one or more members to participate or bid higher for the interest. No other members submitted an offer and the Board of Directors of the Wenatchee Riverview, LLC approved the sale. In 2013, the Company contributed its investment in one real estate owned property with a basis of $51,600 to a newly formed limited liability company in exchange for a 12.9% interest in the new company. As of September 30, 2017 the Company holds a 13.1% interest in this company. In 2014, the Company contributed its investment in one real estate owned property with a basis of $47,925 to a newly formed limited liability company in exchange for 31.95% interest in the new company. As of September 30, 2017 the Company still holds a 31.95% interest in this company. These companies are 100% controlled and managed by Genesis Finance Corporation and John Coghlan, related parties. (See Note 8) Investments are accounted for using the equity method. During the three months ended September 30, 2017 and 2016, the Company recorded (income) loss of $-0- and $4,097, and for the nine months ended September 30, 2017 and 2016, the Company recorded a (income) loss of $376 and ($265,638), respectively. During the nine months ended September 30, 2017 and 2016, the Company advanced $4,792.50 and $-0- for property taxes and interest owing. Losses generally represent our portion of this real estate company’s loss for the same period. Rental Property: At the end of 2013, the Company foreclosed on a loan previously held for sale in Lebanon, Oregon through the bankruptcy courts, and is accounting for the company’s carrying value of $85,534 as a rental property. The property was subsequently leased on a three year lease agreement for $1,500 per month. During the three months ended September 30, 2017 and 2016, the company recognized $-0- and $4,500 in rental income. During the nine months ended September 30, 2017 and 2016, the company recognized $3,000 and $13,500 in rental income. This is a commercial building being depreciated over thirty-nine (39) years. The company recorded depreciation of $-0- and $2,630 for the nine months ended September 30, 2017 and 2016. On March 8, 2017, by board action the Company sold this property to Coghlan Family Corporation (see Note 8) for $77,585, resulting in a gain on sale of $342. The purpose of the sale was to generate working capital for the Company. In September 2016, the Company foreclosed on a loan previously held for sale in Lewiston, Idaho through the bankruptcy courts, the property is being operated as Emperor of India restaurant. The property was placed into real estate owned during the quarter ended June 30, 2016. It was held at a net carrying value of $69,761. The restaurant was subsequently leased on a two year lease agreement for $1,200 per month with an option to purchase for $45,000 less a $400 monthly credit toward the option price. During the three and nine month ended September 30, 2017 the company recognized $1,200 and $1,500 in rental income, respectively. Fair value of the property was determined to be $45,000 on the date of transfer based on appraisal and contract terms of the lease. In July the Company sent out a notice of default and decided to sell the interest to a related party. On July 17, 2017, by board action the Company sold a commercial rental property to Coghlan Family Corporation (see Note 8) for $30,000 resulting in a loss of ($17,670), respectively. Real Estate Leasehold Interest: On May 31, 2013, the Company completed the acquisition of a real property leasehold interest in approximately 63 acres with fifty (50) RV/residential lots located in Dunn County, North Dakota, (the "Halliday Project"). Total consideration for the leasehold interest was $619,250. The Company may place recreational vehicles, mobile homes, or construct cabins on the lots and offer them for rent or lease. In 2015, the Company purchased two trailer for $30,000. For the three months ended September 30, 2017 and 2016, the Company recorded amortization of $-0- and $5,161, respectively and had none and four lots leased with rental income of $-0-, respectively. For the nine months ended September 30, 2017 and 2016, the Company recorded amortization of $-0- and $15,482, respectively and had none and four lots leased and had rental income of $-0- and $1,528, respectively. For the nine months ended September 30, 2017, the Company’s carrying value of the property had a fair value estimated at $63,000 (not including travel trailers). The Company booked a fair value adjustment of ($101,102). We based the estimate on the discounted cash flows generated by the property.

Note 5 - Lines of Credit

Note 5 - Lines of Credit	9 Months Ended
	Sep. 30, 2017
Notes
Note 5 - Lines of Credit:	NOTE 5 — LINES OF CREDIT: GFI has a $250,000 line of credit with Riverbank. At September 30, 2017 and December 31, 2016 the balance owing was $177,500 and $180,000, respectively. The line of credit had a term of twelve months, and an origination fee of 1/2%, or $1,250. Accrued interest is paid monthly. The Riverbank line of credit is senior to the Coghlan Family Corporation, Inc. (“CFC”) line of credit and is collateralized by the assets of GFI. On December 7, 2016 the line of credit was extended to December 1, 2017 at which time the loan renewed at a four and a half (4.5%) percent interest rate with a renewal fee of ½%, or $1,250. At September 30, 2017 the interest rate was 5.25%. The Riverbank line prohibits the CFC line from being paid down below the amount owed to Riverbank during the loan term. The line is payable on demand and is personally guaranteed by John R. and Wendy B. Coghlan, related parties of the Company. The Company has a $2,500,000 Warehouse Line of Credit Promissory Note Agreement with the CFC. At September 30, 2017 and December 31, 2016 the balance owing was $950,000. CFC is an affiliated company controlled by John R. Coghlan and Wendy B. Coghlan. At the time the agreement was made the default interest rate was twelve (12%) percent. Interest was payable monthly. The line had a term of 12 months and an origination fee of 1/2% or $12,500. The credit line is collateralized by all of GFI’s assets and is subordinate to the Riverbank line of credit. The line of credit agreement requires that the Company maintain a debt to equity ratio of no greater than 3.0. Because of the economic conditions, CFC agreed to waive the interest and origination fees starting October 1, 2010 and also agreed to waive the 3.0 debt to equity ratio requirement as well as the 12% default rate. (See 8-K filed February 8, 2016) In 2016, the Company, by board action authorization, exchanged two assets for a $310,000 principal reduction in the CFC Warehouse Line of Credit. The Company (1) exchanged a loan held for sale with a cost basis of $10,000 and (2) exchanged its 9.1756% interest in a limited liability company valued at $300,000. Effective August 1, 2016, the company amended the Warehouse Line of Credit Promissory Note Agreement to four (4%) percent interest to be paid monthly in common stock. In addition, the Company issued 50,000 shares of its common stock valued at $5,000 as a loan renewal fee. Effective July 1, 2017 CFC agreed to waive the interest and origination fees until December 31, 2017, or earlier if the Epoint Capital Stock Exchange Agreement fails to close. For the nine months ended September 30, 2017 and the year ended December 31, 2016 the company issued 194,339 and 126,782 shares of the company common stock were issued at the public market bid price for a value of $18,219 and $15,407 in interest for the same period.

Note 6 - Notes Payable

Note 6 - Notes Payable	9 Months Ended
	Sep. 30, 2017
Notes
Note 6 - Notes Payable	NOTE 6 — NOTES PAYABLE Convertible Note Payable to Officer: On December 15, 2010, the Company entered into a convertible note agreement with John R. Coghlan, a related party (see Note 8). The note accrues interest at eight (8%) percent per annum with interest and balance initially due on December 15, 2012. The note is convertible at any time by Mr. Coghlan into one (1) share of the Company’s Series “B” Preferred stock for every $1.00 outstanding of the note payable and related accrued interest. In connection with the issuance of this note, the Company recognized a beneficial conversion feature of $128,750 that resulted in a discount to the note payable. The discount was amortized into earnings over the initial term of the note and was fully amortized at December 31, 2012. The note is collateralized by the Company's agreement to issue 290,000 shares of the Company’s Series “B” Preferred stock. On February 8, 2016, Mr. Coghlan elected to convert his note into shares of the Company’s common stock. The note was originally convertible into 250,000 shares of Series "B", or 625,000 shares of common stock equivalents, at the option of Mr. Coghlan. However, Mr. Coghlan agreed to accept 725,000 common shares in lieu of full payment. The 100,000 additional common shares represents a financing cost to the Company and as such, financing expense of $29,000 was recognized in the quarter ended March 31, 2016. Note Payable: In 2013, the Company assumed a note payable totaling $62,699 relating to a loan it had made in 2005. When the Company funded the loan in 2005, it sold 100% of its interest to various investors. During 2013, the Company began foreclosure proceedings on behalf of the investors because the borrower was delinquent on payments. During the proceedings, it was determined that the Company had failed to obtain first position in the underlying property and that a separate creditor was in first position. To uphold its agreement with the investors, the Company assumed the balance of the note with the creditor and recognized a loss for the entire amount in 2013. The term of the assumed note is 9.5% until paid in full and monthly payments are $830. On August 30, 2017, the Company paid the note in full.

Note 7 - Equity

Note 7 - Equity	9 Months Ended
	Sep. 30, 2017
Notes
Note 7 - Equity	NOTE 7 — EQUITY Series B Preferred Stock On November 11, 2010 the Company filed Articles of Amendment to the Amended and Restated Articles of Incorporation creating 2,290,000 shares of Series B Preferred Stock. The designated Series B Preferred Stock consisted of 2,000,000 shares with a par value $1.00; is non-dividend bearing, and was convertible to Common Stock at $.40 per share subject to any recapitalization. The Company subsequently amended the share amount to 2,290,000. The holders of the Preferred Stock were entitled to receive, prior and in preference to any Distributions of any assets of the Corporation to the holders of the Common Stock. On May 18, 2015, the Company by majority consent of Preferred Shareholder agreed to convert all of the outstanding shares of Series B Preferred to common stock. On June 26, 2015, 1,649,500 shares of Series B Preferred were converted into 4,123,750 common shares. As of September 30, 2017 and December 31, 2016, no shares of Series B Preferred Stock are issued, outstanding or obligated. Common Stock Effective August 1, 2016 the terms of the amended Warehouse Line of Credit changed to issuing stock for the interest due on the line of credit monthly. For the year ended December 31, 2016, 126,782 shares of common stock were issued for interest and 50,000 shares of common stock were issued for renewal fee for a value of $20,407, respectively. For the nine months ended September 30, 2017, 194,339 shares of common stock were issued for interest for a value of $18,219, respectively. As of July 1, 2017 the interest and fee have been waived. (See Note 5) On April 19, 2017, the Company issued 200,000 shares of common stock as director compensation valued at Ten Cents per share.

Note 8 - Related-party Transact

Note 8 - Related-party Transactions	9 Months Ended
	Sep. 30, 2017
Notes
Note 8 - Related-party Transactions:	NOTE 8 — RELATED-PARTY TRANSACTIONS: Related parties are defined as Officers, Directors, and/or those Shareholders owning or controlling more than 5% of the common stock of GFI, or any entities that are owned or controlled by Officers, Directors, and/or those Shareholders owning or controlling more than 5% of the common stock of GFI. Coghlan Family Corporation, Coghlan, LLC and West 3773 Fifth, LLC are controlled by John R. Coghlan, a Company director, CFO and majority shareholder. Coghlan Family Corporation is owned 100% by Coghlan, LLC, which is owned by the Coghlan family members. John R. and Wendy Coghlan (husband and wife) collectively own 35.65% of Coghlan, LLC and are co-managers. West 3773 Fifth, LLC is owned 100% by John and Wendy Coghlan (husband and wife). John R. Coghlan has managing agreement with the real estate limited liability companies. Michael Lavigne is an officer of Digi Out Door Media, Inc. Mr. Lavigne is an officer and director of GFI. Clint Lohman is a director of GFI. Virginia Walters is an officer and director of GFI. In addition to transactions described in Notes 2, 3, 4, 5 and 6, the Company had the following related party transactions for the quarters ended September 30, 2017 and year ended December 31, 2016. John R. Coghlan, Officer and Director On February 8, 2016, John R. Coghlan converted his $250,000 note for 725,000 shares of common stock. The note was originally convertible into 250,000 shares of Series "B", or 625,000 shares of common stock equivalents, at the option of Mr. Coghlan. However, Mr. Coghlan agreed to accept 725,000 common shares in lieu of full payment. The 100,000 additional common shares represents a financing cost to the Company and as such, financing expense of $29,000 was recognized in the quarter ended March 31, 2016. On May 19, 2016, by board action the Company sold 7,380,433 common shares of Ambient Water Corporation for $2,213 or $0.0003 per share the fair value on that date to John R Coghlan. On November 2, 2016, John R. Coghlan purchased 315,333 common shares of Genesis Financial Inc. from Michael Kirk, a former officer of the company for $29,872. On November 21, 2016, John R. Coghlan terminated his stock options agreement with the Company. On December 7, 2016, John R. and Wendy Coghlan personally guaranteed our Riverbank line of credit. On April 19, 2017, the Company issued 50,000 shares of common stock for as director compensation valued at Ten Cents per share. As of September 30, 2017, the Company continues a managing agreement for the investment in real estate limited liability companies. The agreement is stated in the operating agreement of each limited liability companies. Coghlan Family Corporation “CFC” On May 18, 2016, by board action the Company exchanged its 9.1756% interest in Wenatchee Riverview, LLC to CFC for a $300,000 reduction in the line of credit with CFC, a gain of $131,417 was realized by the Company. On May 19, 2016, by board action the Company exchanged a loan held for sale for a $10,000 reduction in the line of credit with CFC. Effective August 1, 2016 the terms of the amended Warehouse Line of Credit changed to issuing stock for the interest due on the line of credit monthly. The table below shows the issue dates, number of shares issued and amount of interest being paid. As of July 1, 2017 interest is waived. (See Note 5) Issue date Shares Issued Interest Amount June 30, 2017 37,740 $3,019 May 31, 2017 39,041 $3,123 April 30, 2017 37,740 $3,019 March 31, 2017 39,041 $3,123 February 28, 2017 23,425 $2,811 January 31, 2017 17,352 $3,123 1 st nd 194,339 $ 18,219 December 31, 2016 17,352 $3,123 November 30, 2016 16,773 $3,019 October 31, 2016 31,233 $3,123 September 30, 2016 30,192 $3,019 August 31, 2016 31,233 $3,123 2016 Total 126,782 $ 15,407 On August 1, 2016, CFC amended the Warehouse Line of Credit and 50,000 shares of common stock were issued. (See Note 5) March 8, 2017, by board action the Company sold a rental property for $77,585, resulting in a gain on sale of $342. The Company also sold two REO with a basis of $14,999 for $19,140 for a gain of $4,141. July 17, 2017, by board action the Company sold a rental property for $30,000, resulting in a loss of ($17,670). Coghlan, LLC There was no activity for the years ended December 31, 2016 and for the nine months ended September 30, 2017. West 3773 Fifth, LLC As of September 30, 2017, the Company continued a month-to-month tenancy with monthly rent is $1,250. Michael Lavigne, Secretary and Director On April 19, 2017, the Company issued 50,000 shares of common stock as director compensation valued at Ten Cents per share. In 2015, the Company converted the Placer Creek Mining Company loan of $150,000 to 300,000 shares of Digi Outdoor Media, Inc., the successor to Placer Creek Mining Company (See Note 4). Clint Lohman, Director On April 19, 2017, the Company issued 50,000 shares of common stock as director compensation valued at Ten Cents per share. Virginia Walters, Treasurer and Director On April 19, 2017, the Company issued 50,000 shares of common stock as director compensation valued at Ten Cents per share.

Note 9 - Subsquent Events

Note 9 - Subsquent Events	9 Months Ended
	Sep. 30, 2017
Notes
Note 9 - Subsquent Events:	NOTE 9 — SUBSQUENT EVENTS: The Company has analyzed its operation subsequent to September 30, 2017 to the date these financial statements were issued, and has determined that it does not have any material subsequent events to disclose in these financial statements.

Note 1 - Organization and Sum15

Note 1 - Organization and Summary of Significant Accounting Policies: Use of Estimates (Policies)	9 Months Ended
	Sep. 30, 2017
Policies
Use of Estimates	Use of estimates

Note 1 - Organization and Sum16

Note 1 - Organization and Summary of Significant Accounting Policies: Fair Value Measurements (Policies)	9 Months Ended
	Sep. 30, 2017
Policies
Fair Value Measurements	Fair value measurements - 1. the fair value measurement; 2. the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets or liabilities (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3); 3. for fair value measurements using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: a. total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings, and a description of where those gains or losses included in earnings are reported in the statement of operations; b. the amount of these gains or losses attributable to the change in unrealized gains or losses relating to those assets or liabilities still held at the reporting period date and a description of where those unrealized gains or losses are reported; c. purchases, sales, issuances, and settlements (net); and d. transfers into and/or out of Level 3. 4. the amount of the total gains or losses for the period in (3)(a) included in earnings that are attributable to the change in unrealized gains or losses relating to those assets and liabilities still held at the reporting date and a description of where those unrealized gains or losses are reported in the statement of operations; and 5. in annual periods only, the valuation technique(s) used to measure fair value and a discussion of changes in valuation techniques, if any, during the period.

Note 1 - Organization and Sum17

Note 1 - Organization and Summary of Significant Accounting Policies: Real Estate Leasehold Interest (Policies)	9 Months Ended
	Sep. 30, 2017
Policies
Real Estate Leasehold Interest	Real estate leasehold interest –

Note 1 - Organization and Sum18

Note 1 - Organization and Summary of Significant Accounting Policies: Loans held for sale (Policies)	9 Months Ended
	Sep. 30, 2017
Policies
Loans held for sale	Loans held for sale –

Note 1 - Organization and Sum19

Note 1 - Organization and Summary of Significant Accounting Policies: Real estate owned (Policies)	9 Months Ended
	Sep. 30, 2017
Policies
Real estate owned	Real estate owned –

Note 1 - Organization and Sum20

Note 1 - Organization and Summary of Significant Accounting Policies: Income tax (Policies)	9 Months Ended
	Sep. 30, 2017
Policies
Income tax	Income tax

Note 1 - Organization and Sum21

Note 1 - Organization and Summary of Significant Accounting Policies: Earnings Per Share, Policy (Policies)	9 Months Ended
	Sep. 30, 2017
Policies
Earnings Per Share, Policy	Earnings per share September 30, 2017 2016 Stock options - 261,000 Convertible preferred stock - - Convertible debt - - Total possible dilution - 261,000

Note 1 - Organization and Sum22

Note 1 - Organization and Summary of Significant Accounting Policies: Reclassifications (Policies)	9 Months Ended
	Sep. 30, 2017
Policies
Reclassifications	Reclassifications

Note 1 - Organization and Sum23

Note 1 - Organization and Summary of Significant Accounting Policies: Earnings Per Share, Policy: Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2017
Tables/Schedules
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	September 30, 2017 2016 Stock options - 261,000 Convertible preferred stock - - Convertible debt - - Total possible dilution - 261,000

Note 2 - Loans Held For Sale_ S

Note 2 - Loans Held For Sale: Schedule of Other Assets (Tables)	9 Months Ended
	Sep. 30, 2017
Tables/Schedules
Schedule of Other Assets	September 30, 2017 December 31, 2016 Residential $ 99,072 $ 120,912 Commercial 226,684 226,843 Loans held for sale - Total $ 325,756 $ 347,755

Note 2 - Loans Held For Sale_25

Note 2 - Loans Held For Sale: Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Tables)	9 Months Ended
	Sep. 30, 2017
Tables/Schedules
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	September 30, 2017 2016 Beginning Balance $ 347,755 $ 503,890 New loans - 166,079 Principal payments received (1,999) (14,355) Proceeds on sale of loans - (120,000) Gain on sale of loans - 21,258 Converted to rental property - (88,117) Loan exchanged for reduction in line of credit, related party - (10,000) Fair value adjustment (20,000) - Repossession expenses - 4,765 Ending Balance $ 325,756 $ 463,520

Note 3- Real Estate Owned_ Real

Note 3- Real Estate Owned: Real Estate Owned, Disclosure of Detailed Components (Tables)	9 Months Ended
	Sep. 30, 2017
Tables/Schedules
Real Estate Owned, Disclosure of Detailed Components	September 30, 2017 December 31, 2016 Residential $ - $ - Land - 14,999 Commercial - - Total $ - $ 14,999

Note 3- Real Estate Owned_ Othe

Note 3- Real Estate Owned: Other Real Estate, Non Covered, Roll Forward (Tables)	9 Months Ended
	Sep. 30, 2017
Tables/Schedules
Other Real Estate, Non Covered, Roll Forward	September 30, 2017 2016 Beginning Balance $ 14,999 $ 27,451 REO transferred from loans held for sale - 88,117 Proceeds from sales of REO (19,140) - Gain on sale of REO 4,141 - REO converted to rental property - (69,761) Fair value adjustment - (20,000) Net change in holding costs - (416) Ending Balance $ -0- $ 25,391

Note 8 - Related-party Transa28

Note 8 - Related-party Transactions: Schedule of Related Party Transactions (Tables)	9 Months Ended
	Sep. 30, 2017
Tables/Schedules
Schedule of Related Party Transactions	Issue date Shares Issued Interest Amount June 30, 2017 37,740 $3,019 May 31, 2017 39,041 $3,123 April 30, 2017 37,740 $3,019 March 31, 2017 39,041 $3,123 February 28, 2017 23,425 $2,811 January 31, 2017 17,352 $3,123 1 st nd 194,339 $ 18,219 December 31, 2016 17,352 $3,123 November 30, 2016 16,773 $3,019 October 31, 2016 31,233 $3,123 September 30, 2016 30,192 $3,019 August 31, 2016 31,233 $3,123 2016 Total 126,782 $ 15,407

Note 1 - Organization and Sum29

Note 1 - Organization and Summary of Significant Accounting Policies (Details)	9 Months Ended
	Sep. 30, 2017
Details
Nature of Operations	Organization: Genesis Financial, Inc. (“the Company” or “GFI”) was incorporated in Washington State on January 24, 2002 and on January 26, 2016 we moved our corporate domicile to the State of Wyoming. The Company is primarily engaged in the business of purchasing and selling real estate receivable loans and periodically providing bridge capital funding. Loans consist of real estate loans and mortgage notes collateralized by primarily first position liens on residential and commercial real estate. The loans collateralized by real estate are typically non-conventional either because they are originated as a result of seller financing, or the underlying property is non-conventional. The Company invests in loans using investor funds, equity funds and funds generated from external borrowings including a line of credit facility from a related party.
Entity Incorporation, Date of Incorporation	Jan. 24, 2002
Entity Incorporation, State Country Name	Wyoming
Basis of Accounting	The financial statements of GFI, presented in this Form 10Q are unaudited and reflect, in the opinion of Management, a fair presentation of operations for the three and nine month periods ended September 30, 2017 and September 30, 2016. All adjustments of a normal recurring nature and necessary for a fair presentation of the results for the periods covered have been made. Certain information and footnote disclosure normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to the applicable rules and regulations of the Securities and Exchange Commission. These financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Company's Form 10K for the year ended December 31, 2016 as filed with Securities and Exchange Commission. The results of operations for the three and nine months ended September 30, 2017, are not necessarily indicative of the results expected for the full fiscal year or for any other fiscal period.

Note 1 - Organization and Sum30

Note 1 - Organization and Summary of Significant Accounting Policies: Earnings Per Share, Policy: Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details)	9 Months Ended
	Sep. 30, 2016shares
Details
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	261,000
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	261,000

Note 2 - Loans Held For Sale_31

Note 2 - Loans Held For Sale: Schedule of Other Assets (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Details
Loans and Leases Receivable, Gross, Consumer, Real Estate	$ 99,072	$ 120,912
Loans held for sale, commercial	226,684	226,843
Loans held for sale	$ 325,756	$ 347,755

Note 2 - Loans Held For Sale_32

Note 2 - Loans Held For Sale: Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) - USD ($)	6 Months Ended	9 Months Ended
	Jun. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Details
Fair Value Assets Liabilities Measured On Recurring Basis Beginning Balance		$ 347,755	$ 503,890
Mortgage Loans on Real Estate, New Mortgage Loans			166,079
Debt Instrument, Periodic Payment, Principal		(1,999)	(14,355)
Proceeds from Sale of Loans Held-for-sale			(120,000)
(Gain) on sale of loan			21,258
Converted to rental property			(88,117)
Exchanged for reduction in line of credit, related party	$ (103,742)		(10,000)
Adjustments to fair value.		(20,000)
Foreclosed Real Estate Expense			4,765
Fair Value, Assets and Liabilities Measured on Recurring Basis, Gain (Loss) Included in Earnings		$ 325,756	$ 463,520

Note 2 - Loans Held For Sale (D

Note 2 - Loans Held For Sale (Details) - USD ($)	6 Months Ended	9 Months Ended
	Jun. 30, 2016	Sep. 30, 2016	Sep. 30, 2017
Details
Adjustments to fair value.			$ (20,000)
Exchanged for reduction in line of credit, related party	$ 103,742	$ 10,000
Proceeds from Sale of Mortgage Loans Held-for-sale		125,000
Gain on Loans Sold		$ 21,258

Note 3- Real Estate Owned_ Re34

Note 3- Real Estate Owned: Real Estate Owned, Disclosure of Detailed Components (Details)	Dec. 31, 2016USD ($)
Details
Land	$ 14,999
Real estate owned	$ 14,999

Note 3- Real Estate Owned_ Ot35

Note 3- Real Estate Owned: Other Real Estate, Non Covered, Roll Forward (Details)	9 Months Ended
	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)
Details
Property subject to or available for operating lease beginning balance	$ 14,999	$ 27,451
Transferred from Loans Held for Sale		88,117
Long lived assets held for sale, sale proceeds	(19,140)
Long lived assets held for sale, gain on sale	$ 4,141	$ 25,391
REO converted to rental property		(69,761)
Real Estate Owned, Valuation Allowance, Valuation Increase		(20,000)
Real Estate Owned, Valuation Allowance, Period Increase (Decrease)		$ (416)

Note 3- Real Estate Owned (Deta

Note 3- Real Estate Owned (Details) - USD ($)	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Details
REO Sold Basis	$ 14,999
Proceeds from sale of real estate owned	19,140
Long lived assets held for sale, gain on sale	$ 4,141	$ 25,391

Note 4 - Other Assets (Details)

Note 4 - Other Assets (Details)	9 Months Ended
	Sep. 30, 2017
Details
Equity Method Investments and Joint Ventures Disclosure	Flyback Energy, Inc.: In December 2015, the Company reduced the carrying value of its Flyback Energy common shares to $0.067 per share, or $212,619, and recorded an impairment change of $1,037,381 based on the last known common share sale. We believe that Flyback Energy, Inc. is a development stage company being financed by outside sources of capital. Flyback is in the stages of developing a prototype efficiency generator. At this time, Flyback is not guaranteed future financing. Digi Outdoor Media, Inc.: In 2014, the Company loaned Placer Creek Mining Company (“Placer”) now known as Digi Outdoor Media, Inc, $150,000. The loan interest rate was 5.0% and the Company had an option to convert any or all of the amount due into an equity private placement of Placer. The Placer transaction has been treated as a related party transaction. (See Note 8: Michael Lavigne) On February 24, 2015, the Company converted the loan into 300,000 shares of common stock of Digi Outdoor Media, Inc. (“Digi”), the successor in interest to Placer. The Company determined that the fair value of the shares received on the conversion to be $150,000 based upon the loan balance of $150,000 because Digi was not publicly traded and has had no recent cash sale of its common stock. The fair value was determined using Level 2 inputs under the fair value hierarchy. Digi is a startup company in the business of manufacturing and leasing outdoor advertising signs. Digi has experienced some permitting delays in its initial phase of product leasing and installation in the Washington, D.C. area and it is not known when these issues will be settled.
Marketable Securities	Investments in Available for Sale Securities: Ambient Water Corporation (Formerly AWG International Water Corp.): The Company purchased 109,906 shares of the AWG International Water Corp, a Nevada corporation, (“AWGI”) common stock for $500,000 ($250,000 each in 2010 and 2011). In July 2012, AWGI was acquired by MIP Solutions, Inc. in a share exchange transaction (the "Acquisition"). In connection with the Acquisition, the Company’s 109,906 shares of AWGI common stock were converted into 7,380,433 shares of AWG International Water Corp (formerly MIP Solutions, Inc.). On May 19, 2016, by board action the Company sold its interest in Ambient Water Corporation to John R. Coghlan (see Note 8) for $0.0003 per share, the fair value of the stock on the day of sale for proceeds of $2,213, resulting in a recognized loss of $497,787.
Investment Holdings, Other than Securities	Investments in Real Estate Limited Liability Companies: At the end of 2012, the Company acquired investments in two Washington state real estate limited liability companies for $225,000. During the quarter ended March 31, 2016 one limited liability company was sold for $399,934 resulting in a gain of $139,821. During the quarter ended June 30, 2016, by board action the Company exchanged its 9.1756% interest in the other limited liability company to Coghlan Family Corporation “CFC” (see Note 8) for $300,000, resulting in a gain on sale of $131,625. The transaction was made by reducing the balance payable to CFC’s revolving line of credit. As required by the operating agreement of Wenatchee Riverview, LLC, CFC offer was disclosed to all other LLC members permitting one or more members to participate or bid higher for the interest. No other members submitted an offer and the Board of Directors of the Wenatchee Riverview, LLC approved the sale. In 2013, the Company contributed its investment in one real estate owned property with a basis of $51,600 to a newly formed limited liability company in exchange for a 12.9% interest in the new company. As of September 30, 2017 the Company holds a 13.1% interest in this company. In 2014, the Company contributed its investment in one real estate owned property with a basis of $47,925 to a newly formed limited liability company in exchange for 31.95% interest in the new company. As of September 30, 2017 the Company still holds a 31.95% interest in this company. These companies are 100% controlled and managed by Genesis Finance Corporation and John Coghlan, related parties. (See Note 8) Investments are accounted for using the equity method. During the three months ended September 30, 2017 and 2016, the Company recorded (income) loss of $-0- and $4,097, and for the nine months ended September 30, 2017 and 2016, the Company recorded a (income) loss of $376 and ($265,638), respectively. During the nine months ended September 30, 2017 and 2016, the Company advanced $4,792.50 and $-0- for property taxes and interest owing. Losses generally represent our portion of this real estate company’s loss for the same period.
Lessor, Operating Leases	Rental Property: At the end of 2013, the Company foreclosed on a loan previously held for sale in Lebanon, Oregon through the bankruptcy courts, and is accounting for the company’s carrying value of $85,534 as a rental property. The property was subsequently leased on a three year lease agreement for $1,500 per month. During the three months ended September 30, 2017 and 2016, the company recognized $-0- and $4,500 in rental income. During the nine months ended September 30, 2017 and 2016, the company recognized $3,000 and $13,500 in rental income. This is a commercial building being depreciated over thirty-nine (39) years. The company recorded depreciation of $-0- and $2,630 for the nine months ended September 30, 2017 and 2016. On March 8, 2017, by board action the Company sold this property to Coghlan Family Corporation (see Note 8) for $77,585, resulting in a gain on sale of $342. The purpose of the sale was to generate working capital for the Company. In September 2016, the Company foreclosed on a loan previously held for sale in Lewiston, Idaho through the bankruptcy courts, the property is being operated as Emperor of India restaurant. The property was placed into real estate owned during the quarter ended June 30, 2016. It was held at a net carrying value of $69,761. The restaurant was subsequently leased on a two year lease agreement for $1,200 per month with an option to purchase for $45,000 less a $400 monthly credit toward the option price. During the three and nine month ended September 30, 2017 the company recognized $1,200 and $1,500 in rental income, respectively. Fair value of the property was determined to be $45,000 on the date of transfer based on appraisal and contract terms of the lease. In July the Company sent out a notice of default and decided to sell the interest to a related party. On July 17, 2017, by board action the Company sold a commercial rental property to Coghlan Family Corporation (see Note 8) for $30,000 resulting in a loss of ($17,670), respectively.
Leases of Lessee Disclosure	Real Estate Leasehold Interest: On May 31, 2013, the Company completed the acquisition of a real property leasehold interest in approximately 63 acres with fifty (50) RV/residential lots located in Dunn County, North Dakota, (the "Halliday Project"). Total consideration for the leasehold interest was $619,250. The Company may place recreational vehicles, mobile homes, or construct cabins on the lots and offer them for rent or lease. In 2015, the Company purchased two trailer for $30,000. For the three months ended September 30, 2017 and 2016, the Company recorded amortization of $-0- and $5,161, respectively and had none and four lots leased with rental income of $-0-, respectively. For the nine months ended September 30, 2017 and 2016, the Company recorded amortization of $-0- and $15,482, respectively and had none and four lots leased and had rental income of $-0- and $1,528, respectively. For the nine months ended September 30, 2017, the Company’s carrying value of the property had a fair value estimated at $63,000 (not including travel trailers). The Company booked a fair value adjustment of ($101,102). We based the estimate on the discounted cash flows generated by the property.

Note 5 - Lines of Credit (Detai

Note 5 - Lines of Credit (Details) - USD ($)	Aug. 01, 2016	Sep. 30, 2017	Dec. 31, 2016
Details
Line of Credit Facility, Current Borrowing Capacity		$ 250,000
Line of credit, bank		$ 177,500	$ 180,000
Line of Credit Facility, Asset Restrictions		The Riverbank line prohibits the CFC line from being paid down below the amount owed to Riverbank during the loan term. The line is payable on demand and is personally guaranteed by John R. and Wendy B. Coghlan, related parties of the Company.
Line of Credit Facility, Maximum Borrowing Capacity		$ 2,500,000
Line of credit, affiliated company		$ 950,000
Stock issued for loan renewal fee, stock	50,000
Stock issued for loan renewal fee, value	$ 5,000
Stock issued for promissory note interest, stock		194,339	126,782
Stock issued for promissory note interest, value		$ 18,219	$ 15,407

Note 6 - Notes Payable (Details

Note 6 - Notes Payable (Details)	9 Months Ended
	Sep. 30, 2016USD ($)
Details
Financing expense, related party	$ 29,000

Note 7 - Equity (Details)

Note 7 - Equity (Details) - $ / shares	Jun. 26, 2015	Sep. 30, 2017	Dec. 31, 2016
Details
Preferred Stock, Shares Authorized		2,290,000	2,290,000
Preferred Stock, Par Value		$ 1	$ 1
Represents the ConvertiblePreferedStockConvertedToOtherSecurities (number of shares), during the indicated time period.	1,649,500
Stock Issued During Period, Shares, Conversion of Convertible Securities	4,123,750
Stock issued for promissory note interest, stock		194,339	126,782
Stock issued for renewal fee, stock			50,000
Stock issued for renewal fee, value			20,407
Stock issued for interest, stock		194,339
Stock issued for interest, value		18,219
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures		200,000

Note 8 - Related-party Transa41

Note 8 - Related-party Transactions (Details) - USD ($)	Apr. 19, 2017	Dec. 31, 2015	Sep. 30, 2017
Description of related parties			Related parties are defined as Officers, Directors, and/or those Shareholders owning or controlling more than 5% of the common stock of GFI, or any entities that are owned or controlled by Officers, Directors, and/or those Shareholders owning or controlling more than 5% of the common stock of GFI.
Related parties and relationships			Coghlan Family Corporation, Coghlan, LLC and West 3773 Fifth, LLC are controlled by John R. Coghlan, a Company director, CFO and majority shareholder. Coghlan Family Corporation is owned 100% by Coghlan, LLC, which is owned by the Coghlan family members. John R. and Wendy Coghlan (husband and wife) collectively own 35.65% of Coghlan, LLC and are co-managers. West 3773 Fifth, LLC is owned 100% by John and Wendy Coghlan (husband and wife). John R. Coghlan has managing agreement with the real estate limited liability companies. Michael Lavigne is an officer of Digi Out Door Media, Inc. Mr. Lavigne is an officer and director of GFI. Clint Lohman is a director of GFI. Virginia Walters is an officer and director of GFI.
Loans Receivable, Net		$ 150,000
Conversion of Stock, Shares Converted		300,000
Lavigne
Stock Issued During Period, Shares, Issued for Services	50,000
Lohman
Stock Issued During Period, Shares, Issued for Services	50,000
Walters
Stock Issued During Period, Shares, Issued for Services	50,000

Note 8 - Related-party Transa42

Note 8 - Related-party Transactions: Schedule of Related Party Transactions (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Details
Stock issued for promissory note interest, stock	194,339	126,782
Stock issued for promissory note interest, value	$ 18,219	$ 15,407