Document and Entity Information
Document and Entity Information | 12 Months Ended |
Dec. 31, 2018shares | |
Document And Entity Information | |
Entity Registrant Name | EURASIA ENERGY LTD |
Entity Central Index Key | 0001278465 |
Document Type | 20-F |
Document Period End Date | Dec. 31, 2018 |
Amendment Flag | false |
Current Fiscal Year End Date | --12-31 |
Is Entity a Well-known Seasoned Issuer? | No |
Is Entity a Voluntary Filer? | No |
Is Entity's Reporting Status Current? | Yes |
Entity Filer Category | Non-accelerated Filer |
Entity Emerging Growth Company | false |
Entity Shell Company | true |
Entity Common Stock, Shares Outstanding | 34,548,368 |
Document Fiscal Period Focus | FY |
Document Fiscal Year Focus | 2018 |
BALANCE SHEETS
BALANCE SHEETS - USD ($) | Dec. 31, 2018 | Dec. 31, 2017 |
Current assets | ||
Cash | $ 1,865 | $ 4,020 |
Total assets | 1,865 | 4,020 |
Current liabilities | ||
Accounts payable and accrued liabilities | 4,583 | 8,803 |
Total current liabilities | 4,583 | 8,803 |
Long term liabilities | ||
Loan payable (Note 5) | 15,937 | 0 |
Total liabilities | 20,520 | 8,803 |
Stockholders' equity (deficiency) (Note 6) | ||
Common stock, $0.001 par value, 100,000,000 authorized shares (34,548,368 issued and outstanding as of December 31, 2018, 2017 and 2016) | 34,548 | 34,548 |
Additional paid-in capital | 7,104,130 | 7,104,130 |
Accumulated deficit | (7,157,333) | (7,143,461) |
Total stockholders' equity (deficiency) | (18,655) | (4,783) |
Total liabilities and stockholders' equity (deficiency) | $ 1,865 | $ 4,020 |
BALANCE SHEETS (Parenthetical)
BALANCE SHEETS (Parenthetical) - $ / shares | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Stockholders' equity (deficiency) (Note 6) | |||
Common stock par value | $ 0.001 | $ 0.001 | $ 0.001 |
Common stock authorized shares | 100,000,000 | 100,000,000 | 100,000,000 |
Common stock issued shares | 34,548,368 | 34,548,368 | 34,548,368 |
Common stock outstanding shares | 34,548,368 | 34,548,368 | 34,548,368 |
STATEMENTS OF OPERATIONS
STATEMENTS OF OPERATIONS - USD ($) | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Expenses | |||
General and administrative | $ 3,486 | $ 6,574 | $ 7,908 |
Professional fees | 10,386 | 16,263 | 16,493 |
Net loss | $ 13,872 | $ 22,837 | $ 24,401 |
Basic and diluted loss per share | $ 0 | $ 0 | $ 0 |
Weighted average number of common shares outstanding - basic and diluted | 34,548,368 | 34,548,368 | 34,548,368 |
STATEMENTS OF STOCKHOLDERS' EQU
STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIENCY) - USD ($) | Common Stock | Additional Paid-in Capital | Accumulated Deficit | Total |
Beginning balance, shares at Dec. 31, 2015 | 34,548,368 | |||
Beginning balance, amount at Dec. 31, 2015 | $ 34,548 | $ 7,104,130 | $ (7,096,223) | $ 42,455 |
Net loss for the year | (24,401) | (24,401) | ||
Ending balance, shares at Dec. 31, 2016 | 34,548,368 | |||
Ending balance, amount at Dec. 31, 2016 | $ 34,548 | 7,104,130 | (7,120,624) | 18,054 |
Net loss for the year | (22,837) | (22,837) | ||
Ending balance, shares at Dec. 31, 2017 | 34,548,368 | |||
Ending balance, amount at Dec. 31, 2017 | $ 34,548 | 7,104,130 | (7,143,461) | (4,783) |
Net loss for the year | (13,872) | (13,872) | ||
Ending balance, shares at Dec. 31, 2018 | 34,548,368 | |||
Ending balance, amount at Dec. 31, 2018 | $ 34,548 | $ 7,104,130 | $ (7,157,333) | $ (18,655) |
STATEMENTS OF CASH FLOWS
STATEMENTS OF CASH FLOWS - USD ($) | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Cash Flows Used in Operating Activities | |||
Net loss for the year | $ (13,872) | $ (22,837) | $ (24,401) |
Changes in non-cash working capital items | |||
Accrued interest payable | 937 | 0 | 0 |
Prepaid expenses | 0 | 0 | 1,194 |
Accounts payable and accrued expenses | (4,220) | 5,403 | 224 |
Net cash used in operating activities | (17,155) | (17,434) | (22,983) |
Cash flows from investing activities | 0 | 0 | 0 |
Cash Flows From Financing Activities | |||
Loan received | 15,000 | 0 | 0 |
Cash flows from financing activities | 15,000 | 0 | 0 |
Change in cash during the year | (2,155) | (17,434) | (22,983) |
Cash, beginning of year | 4,020 | 21,454 | 44,437 |
Cash, end of year | $ 1,865 | $ 4,020 | $ 21,454 |
Organization of the Company and
Organization of the Company and Description of the Business | 12 Months Ended |
Dec. 31, 2018 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Note 1. Organization of the Company and Description of the Business | Eurasia Energy Limited (“the Company”) was incorporated as Pacific Alliance Ventures Ltd. in the State of Nevada on October 20, 2003. The Company changed its name to Eurasia Energy Limited on November 28, 2005. The Company completed a continuation of its jurisdiction from Nevada to Anguilla, B.W.I. on December 31, 2007 and is currently inactive. |
Basis of Presentation and Going
Basis of Presentation and Going Concern | 12 Months Ended |
Dec. 31, 2018 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Note 2. Basis of Presentation and Going Concern | The accompanying financial statements are presented in U.S. dollars and have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and pursuant to the accounting and disclosure rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”). Going Concern The accompanying financial statements are prepared assuming the Company will continue as a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has and is expected to incur net losses and cash outflows from operations in pursuit of maintaining the listing status of the Company. During the year ended December 31, 2018, the Company has not raised any funds or generated any revenue from operations and has limited assets to explore investment opportunities. At December 31, 2018, the Company had cash of $1,865. Management anticipates that the Company will have to raise additional funds and/or generate revenue from investors within twelve months to continue operations. Additional funding will be needed to explore investment opportunities and maintain the listing status of the Company. Obtaining additional funding will be subject to a number of factors, including general market conditions. These factors may impact the timing, amount, terms or conditions of additional financing available to us. If the Company is unable to raise sufficient funds, management will be forced to de-list the Company or cease our operations. Management has determined that there is substantial doubt about the Company's ability to continue as a going concern within one year after the financial statements are issued. The accompanying financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty. |
Significant Accounting Policies
Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2018 | |
Accounting Policies [Abstract] | |
Note 3. Significant Accounting Policies | (a) Principles of Accounting These financial statements have been prepared in accordance with generally accepted accounting principles (“GAAP”) in the United States of America (“U.S.”). (b) Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make 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 and the reported amounts of revenues and expenses during the reporting period. Management makes its best estimate of the ultimate outcome for these items based on historical trends and other information available when the financial statements are prepared. Changes in estimates are recognized in accordance with the accounting rules for the estimate, which is typically in the period when new information becomes available to management. Actual results could differ from those estimates. (c) Cash The Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. At December 31, 2018 and December 31, 2017, there were no cash equivalents. (d) Income Taxes The Company follows the asset and liability method of accounting for income taxes whereby deferred income taxes are recognized for the deferred income tax consequences attributable to differences between the financial statement carrying values of existing assets and liabilities and their respective income tax bases (temporary differences). Deferred income tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the years in which temporary differences are expected to be recovered or settled. The effect on deferred income tax assets and liabilities of a change in tax rates is included in profit or loss in the period in which the change occurs. The amount of deferred income tax assets recognized is limited to the amount that is more likely than not to be realized. (e) Earnings (Loss) Per Share Basic earnings (loss) per share is computed by dividing net earnings (loss) for the year attributable to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings (loss) per share is computed by dividing net loss for the year attributable to common stockholders by the weighted average number of common shares outstanding and dilutive common stock equivalents for the period. At December 31, 2018 and December 31, 2017, there were no stock options outstanding. (f) Stock-Based Compensation The Company grants stock options to buy common shares of the Company to directors, officers, employees and consultants. An individual is classified as an employee when the individual is an employee for legal or tax purposes, or provides services similar to those performed by an employee. The fair value of stock options is measured on the date of grant, using the Black-Scholes option pricing model and is recognized over the vesting period. Consideration paid for the shares on the exercise of stock options is credited to share capital. In situations where equity instruments are issued to non-employees and some or all of the goods or services received by the entity as consideration cannot be specifically identified, they are measured at the fair value of the share-based payment, using the Black-Scholes option pricing model. (g) Foreign Currency Translation The Company maintains a U.S. dollar bank account at a financial institution in Canada. Foreign currency transactions are translated into their functional currency, which is the U.S. dollar, in the following manner: At the transaction date, each asset, liability, revenue and expense is translated into the functional currency by the use of the exchange rate in effect at that date. At the period end, monetary assets and liabilities are translated into U.S. dollars by using the exchange rate in effect at that date. Transaction gains and losses that arise from exchange rate fluctuations are included in the results of operations. (h) Financial Instruments The Company classifies financial assets and liabilities as held-for-trading, available-for-sale, held-to-maturity, loans and receivables or other financial liabilities depending on their nature. Financial assets and financial liabilities are recognized at fair value on their initial recognition, except for those arising from certain related party transactions which are accounted for at the transferor’s carrying amount or exchange amount. Financial assets and liabilities classified as held-for-trading are measured at fair value, with gains and losses recognized in net income. Financial assets classified as held-to-maturity, loans and receivables, and financial liabilities other than those classified as held-for-trading are measured at amortized cost, using the effective interest method of amortization. Financial assets classified as available-for-sale are measured at fair value, with unrealized gains and losses being recognized as other comprehensive income until realized, or if an unrealized loss is considered other than temporary, the unrealized loss is recorded in income. The Company classifies its financial instruments as follows: Cash is classified as held for trading and is measured at fair value using Level 1 inputs. Accounts payable and accrued liabilities and loan payable are classified as other financial liabilities, and have a fair value approximating its carrying value, due to its short-term. |
Recent Accounting Pronouncement
Recent Accounting Pronouncements | 12 Months Ended |
Dec. 31, 2018 | |
Accounting Policies [Abstract] | |
Note 4. Recent Accounting Pronouncements | Accounting Pronouncements Adopted During the Period (i) Revenue from contracts with customers In May 2014, the FASB issued ASU 2014-09, "Revenue from Contracts with Customers." ASU 2014-09 requires a company to recognize revenue when promised goods or services are transferred to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods and services. The guidance requires five steps to be applied: 1) identify the contract(s) with customers, 2) identify the performance obligations in the contract, 3) determine the transaction price, 4) allocate the transaction price to the performance obligation in the contract and 5) recognize revenue when (or as) the entity satisfies a performance obligation. The guidance also requires both quantitative and qualitative disclosures, which are more comprehensive than existing revenue standards. The disclosures are intended to enable financial statement users to understand the nature, timing and uncertainty of revenue and the related cash flow. Effective January 1, 2018, the Company adopted the new accounting standard, and all the related amendments, on a modified retrospective basis, with no cumulative effect adjustment to equity needed. The standard did not have a material impact on the company's results of operations or cash flows nor does the Company expect it to have a material impact on future periods. Pursuant to ASU 2014-09, revenues are recognized as control transfers to the customers. Adoption of the standard did not have any impact on the financial statements of the Company. (ii) Going concern In August 2014, the FASB issued ASU No. 2014-15, “Presentation of Financial Statements – Going Concern” Going Concern The Company adopted this guidance for the fiscal year effective from January 1, 2018. Its adoption did not have a material effect on the Company’s financial statements. (iii) Share-based payment accounting In March 2016, the FASB issued ASU 2016-09, “Improvements to Employee Share-Based Payment Accounting”, The Company adopted the standard effective from January 1, 2018. Adoption of the standard did not have any material impact on the financial statements of the Company. (iv) Statement of cash flows In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows On November 17, 2016, the FASB issued ASU No. 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash The Company adopted both standards effective from January 1, 2018. Adoption of the standards did not have an impact on the results of operation, cash flows, other than presentation, or financial condition. Recent Accounting Pronouncements Not Yet Adopted (i) Share-based payment to non-employees In June 2018, the FASB issued ASU No. 2018-07, Compensation – Stock Compensation (Topic 718): Improvements to Non-employee Share-based Payment Accounting (ii) Fair value measurement In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement – Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement (iii) Revenue from collaborative arrangements In November 2018, the FASB issued ASU No. 2018-18, which amended ASC 808, Collaborative Arrangements Revenue from Contracts with Customers Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies that do not require adoption until a future date are not expected to have a material impact on the Company’s financial statements upon adoption. |
Loan Payable
Loan Payable | 12 Months Ended |
Dec. 31, 2018 | |
Loans Payable [Abstract] | |
Note 5. Loan Payable | On May 18, 2018, the Company obtained a loan of $15,000 from a third-party bearing interest at 10% per annum. The loan has no repayment terms and can be repaid at any time. At December 31, 2018, an interest of $937 was recorded as part of the loan payable. |
Equity
Equity | 12 Months Ended |
Dec. 31, 2018 | |
Equity [Abstract] | |
Note 6. Equity | Authorized: 100,000,000 common shares, par value $0.001 (a) Common Stock No common stock was issued during the years ended December 31, 2018, 2017 and 2016. (b) Warrants The Company did not have any outstanding share purchase warrants at December 31, 2018, 2017 and 2016. During the years ended December 31, 2018, 2017 and 2016, the Company did not have any share purchase warrants issued, cancelled or exercised. (c) Stock Options The Company has adopted a stock option plan (the “Plan”) to grant options to directors, officers, employees, and consultants. Under the Plan, the Company may grant options to acquire up to 3,000,000 common shares of the Company. The exercise price of each option will not be less than the fair market value price of the Company’s stock on the date of grant. The Plan is administered by the Board of Directors. The movement of options is summarized as follows: Number of options Weighted average exercise price Balance, December 31, 2016 2,550,000 $ 0.05 Expired (2,550,000 ) 0.05 Balance, December 31, 2017 and December 31, 2018 — There were 2,550,000 stock options at an exercise price of $0.05 which expired unexercised on April 2, 2017. At December 31, 2018, there was no outstanding stock options. |
Related Party Transactions
Related Party Transactions | 12 Months Ended |
Dec. 31, 2018 | |
Related Party Transactions [Abstract] | |
Note 7. Related Party Transactions | During the year ended December 31, 2018, the Company paid corporate and administrative service charges of $nil (2017: $nil; 2016: $3,581) to a law firm of which a director of the Company is the owner. As of December 31, 2018, the Company had an amount of $nil (December 31, 2017: $1,450; December 31, 2016: $nil) owing to a law firm of which a director of the Company is the owner. |
Income Taxes
Income Taxes | 12 Months Ended |
Dec. 31, 2018 | |
Income Tax Disclosure [Abstract] | |
Note 8. Income Taxes | The Company was liable for taxes in the United States until it completed its continuation from the State of Nevada, U.S.A. to Anguilla, British West Indies since December 31, 2007. There is no income tax imposed on companies by the government of Anguilla, British West Indies. For the years ended December 31, 2018, 2017 and 2016, the Company did not have any income for tax purposes and therefore, no tax liability or expense has been recorded in these financial statements. For U.S. tax reporting purpose, the Company has available net operating loss carryforwards of approximately $1,338,000 for tax purposes to offset future taxable income which expires commencing 2026 through the year 2029. Pursuant to the Tax Reform Act of 1986, annual utilization of the Company’s net operating loss carryforwards may be limited if a cumulative change in ownership of more than 50% is deemed to occur within any three-year period. The deferred tax asset associated with the tax loss carryforwards is approximately $455,000 at December 31, 2018. The Company has provided a full valuation allowance against the deferred tax asset. |
Fair Value Accounting
Fair Value Accounting | 12 Months Ended |
Dec. 31, 2018 | |
Fair Value Disclosures [Abstract] | |
Note 9. Fair Value Accounting | Fair value measurement is based on a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value which are: Level 1 - Quoted prices that are available in active markets for identical assets or liabilities. Level 2 - Quoted prices in active markets for similar assets that are observable. Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. The Company’s cash is measured at fair value using Level 1 inputs. |
Significant Accounting Polici_2
Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2018 | |
Accounting Policies [Abstract] | |
Principles of Accounting | These financial statements have been prepared in accordance with generally accepted accounting principles (“GAAP”) in the United States of America (“U.S.”). |
Use of Estimates | The preparation of financial statements in conformity with U.S. GAAP requires management to make 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 and the reported amounts of revenues and expenses during the reporting period. Management makes its best estimate of the ultimate outcome for these items based on historical trends and other information available when the financial statements are prepared. Changes in estimates are recognized in accordance with the accounting rules for the estimate, which is typically in the period when new information becomes available to management. Actual results could differ from those estimates. |
Cash | The Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. At December 31, 2018 and December 31, 2017, there were no cash equivalents. |
Income Taxes | The Company follows the asset and liability method of accounting for income taxes whereby deferred income taxes are recognized for the deferred income tax consequences attributable to differences between the financial statement carrying values of existing assets and liabilities and their respective income tax bases (temporary differences). Deferred income tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the years in which temporary differences are expected to be recovered or settled. The effect on deferred income tax assets and liabilities of a change in tax rates is included in profit or loss in the period in which the change occurs. The amount of deferred income tax assets recognized is limited to the amount that is more likely than not to be realized. |
Earnings (Loss) Per Share | Basic earnings (loss) per share is computed by dividing net earnings (loss) for the year attributable to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings (loss) per share is computed by dividing net loss for the year attributable to common stockholders by the weighted average number of common shares outstanding and dilutive common stock equivalents for the period. At December 31, 2018 and December 31, 2017, there were no stock options outstanding. |
Stock-Based Compensation | The Company grants stock options to buy common shares of the Company to directors, officers, employees and consultants. An individual is classified as an employee when the individual is an employee for legal or tax purposes, or provides services similar to those performed by an employee. The fair value of stock options is measured on the date of grant, using the Black-Scholes option pricing model and is recognized over the vesting period. Consideration paid for the shares on the exercise of stock options is credited to share capital. In situations where equity instruments are issued to non-employees and some or all of the goods or services received by the entity as consideration cannot be specifically identified, they are measured at the fair value of the share-based payment, using the Black-Scholes option pricing model. |
Foreign Currency Translation | The Company maintains a U.S. dollar bank account at a financial institution in Canada. Foreign currency transactions are translated into their functional currency, which is the U.S. dollar, in the following manner: At the transaction date, each asset, liability, revenue and expense is translated into the functional currency by the use of the exchange rate in effect at that date. At the period end, monetary assets and liabilities are translated into U.S. dollars by using the exchange rate in effect at that date. Transaction gains and losses that arise from exchange rate fluctuations are included in the results of operations. |
Financial Instruments | The Company classifies financial assets and liabilities as held-for-trading, available-for-sale, held-to-maturity, loans and receivables or other financial liabilities depending on their nature. Financial assets and financial liabilities are recognized at fair value on their initial recognition, except for those arising from certain related party transactions which are accounted for at the transferor’s carrying amount or exchange amount. Financial assets and liabilities classified as held-for-trading are measured at fair value, with gains and losses recognized in net income. Financial assets classified as held-to-maturity, loans and receivables, and financial liabilities other than those classified as held-for-trading are measured at amortized cost, using the effective interest method of amortization. Financial assets classified as available-for-sale are measured at fair value, with unrealized gains and losses being recognized as other comprehensive income until realized, or if an unrealized loss is considered other than temporary, the unrealized loss is recorded in income. The Company classifies its financial instruments as follows: Cash is classified as held for trading and is measured at fair value using Level 1 inputs. Accounts payable and accrued liabilities and loan payable are classified as other financial liabilities, and have a fair value approximating its carrying value, due to its short-term. |
Equity (Tables)
Equity (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Equity [Abstract] | |
Summary of stock options | Number of options Weighted average exercise price Balance, December 31, 2016 2,550,000 $ 0.05 Expired (2,550,000 ) 0.05 Balance, December 31, 2017 and December 31, 2018 — |
Basis of Presentation and Goi_2
Basis of Presentation and Going Concern (Details Narrative) - USD ($) | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||||
Cash | $ 1,865 | $ 4,020 | $ 21,454 | $ 44,437 |
Significant Accounting Polici_3
Significant Accounting Policies (Details Narrative) - shares | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Accounting Policies [Abstract] | ||
Anti dilutive stock options outstanding | 0 | 0 |
Loan Payable (Details Narrative
Loan Payable (Details Narrative) | Dec. 31, 2018USD ($) |
Loans Payable [Abstract] | |
Interest on loan payable | $ 937 |
Equity (Details)
Equity (Details) - $ / shares | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Number of Options | |||
Outstanding, beginning | 0 | 0 | 2,550,000 |
Expired | 0 | 0 | (2,550,000) |
Outstanding, ending | 0 | 0 | 0 |
Weighted Average Exercise Price | |||
Outstanding, beginning | $ .00 | $ .00 | $ .05 |
Expired | .00 | .00 | .05 |
Outstaing, ending | $ .00 | $ .00 | $ .00 |
Equity (Details Narrative)
Equity (Details Narrative) - $ / shares | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Equity [Abstract] | |||
Common stock par value | $ 0.001 | $ 0.001 | $ 0.001 |
Common stock authorized shares | 100,000,000 | 100,000,000 | 100,000,000 |
Related Party Transactions (Det
Related Party Transactions (Details Narrative) - USD ($) | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Related Party Transactions [Abstract] | |||
Corporate and administrative service charges | $ 0 | $ 0 | $ 3,581 |
Due to related party | $ 0 | $ 1,450 | $ 0 |
Income Taxes (Details Narrative
Income Taxes (Details Narrative) | 12 Months Ended |
Dec. 31, 2018USD ($) | |
Income Tax Disclosure [Abstract] | |
Net operating loss carryforwards | $ 1,338,000 |
Net operating loss carryforwards expiration | Expires commencing 2026 through the year 2029. |
Deferred tax asset tax loss carryforwards | $ 455,000 |