Dror Ortho-Design (DROR) 10-K 7 May 20 2019 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2019	Jun. 30, 2020	Apr. 30, 2020
Cover [Abstract]
Entity Registrant Name	NOVINT TECHNOLOGIES INC
Entity Central Index Key	0001282980
Document Type	10-K
Document Period End Date	Dec. 31, 2019
Entity File Number	000-51783
Entity Incorporation, State or Country Code	DE
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Season Issuer	No
Entity Voluntary Filer	No
Entity Reporting Status Current	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding			202,308,728
Entity Public Float		$ 200,491
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2019

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Dec. 31, 2019	Dec. 31, 2018
CURRENT ASSETS:
Cash and cash equivalents	$ 431,715	$ 508,547
Prepaid expenses and other current assets	2,048	4,113
Total Current Assets	433,763	512,660
TOTAL ASSETS	433,763	512,660
CURRENT LIABILITIES:
Accounts payable and accrued expenses	640,374	585,094
Total Current Liabilities	640,374	585,094
TOTAL LIABILITIES	640,374	585,094
STOCKHOLDERS' DEFICIT
Preferred stock, $0.0001 par value; 12,500,000 shares authorized, 0 shares issued and outstanding as of December 31, 2019 and 2018
Common stock, $0.0001 par value; 500,000,000 shares authorized, 202,308,728 shares issued and outstanding as of December 31, 2019 and 2018	20,231	20,231
Additional paid in capital	41,059,293	41,059,293
Accumulated deficit	(41,286,135)	(41,151,958)
TOTAL STOCKHOLDERS' DEFICIT	(206,611)	(72,434)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 433,763	$ 512,660

BALANCE SHEETS (Parenthetical)

BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, authorized	12,500,000	12,500,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, authorized	500,000,000	500,000,000
Common stock, issued	202,308,728	202,308,728
Common stock, outstanding	202,308,728	202,308,728

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Operating Expenses
Professional fees	$ 51,380	$ 34,963
General and administrative expenses	82,483	80,726
Total Operating Expenses	133,863	115,689
Loss from operations	(133,863)	(115,689)
Other expense:
Interest expense, net	(239)	(174)
Total other expense	(239)	(174)
Loss before provision for income taxes	(134,102)	(115,863)
Provision for income taxes	(75)	(75)
Net loss	$ (134,177)	$ (115,938)
Net loss per share Basic and Diluted (in dollars per share)	$ 0	$ 0
Weighted-average common shares outstanding Basic and Diluted (in shares)	202,308,728	202,308,728

STATEMENT OF STOCKHOLDERS' DEFI

STATEMENT OF STOCKHOLDERS' DEFICIT - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Total
Balance, at Beginning at Dec. 31, 2017	$ 20,231	$ 41,059,293	$ (41,036,020)	$ 43,504
Balance, at Beginning (in shares) at Dec. 31, 2017	202,308,728
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss			(115,938)	(115,938)
Balance, at Ending at Dec. 31, 2018	$ 20,231	41,059,293	(41,151,958)	(72,434)
Balance, at Ending (in shares) at Dec. 31, 2018	202,308,728
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss			(134,177)	(134,177)
Balance, at Ending at Dec. 31, 2019	$ 20,231	$ 41,059,293	$ (41,286,135)	$ (206,611)
Balance, at Ending (in shares) at Dec. 31, 2019	202,308,728

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Cash flows from operating activities:
Net loss	$ (134,177)	$ (115,938)
Changes in operating assets and liabilities:
Prepaid expenses and other current assets	2,065	(368)
Accounts payable and accrued expenses	55,280	49,770
Net cash used in operating activities	(76,832)	(66,536)
Net decrease in cash	(76,832)	(66,536)
Cash and cash equivalents, beginning of year	508,547	575,083
Cash and cash equivalents, end of period	431,715	508,547
Supplemental cash flow information:
Cash paid for interest	$ 214	$ 174

DESCRIPTION OF BUSINESS

DESCRIPTION OF BUSINESS	12 Months Ended
	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS	NOTE 1 – DESCRIPTION OF BUSINESS Novint Technologies, Inc. (the “Company” or “Novint”) was originally incorporated in the State of New Mexico in April 1999. On February 26, 2002, the Company changed its state of incorporation to Delaware by merging with Novint Technologies, Inc., a Delaware corporation. This merger was accounted for as a reorganization of the Company. Nature of Business The Company currently is engaged in the development and sale of 3D haptics products and equipment. Haptics refers to one’s sense of touch. The Company’s focus is in the consumer interactive computer gaming market, but the Company also does project work in other areas. The Company’s operations are based in New Mexico with sales of its haptics products primarily to consumers through retail outlets. Going Concern and Management’s Plans These financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has incurred recurring losses and at December 31, 2019, had an accumulated deficit of $41,286,135. For the year ended December 31, 2019, the Company sustained an operating loss of $133,863. These factors, among others, indicate that the Company may be unable to continue as a going concern for the next twelve months from the date the financial statements were issued. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that may be necessary should the Company be unable to continue as a going concern. The Company's continuation as a going concern is contingent upon its ability to obtain additional financing, and to generate revenue and cash flow to meet its obligations on a timely basis. Management intends to source new inventory and generate revenue. The Company will continue to seek and raise additional funding through debt or equity financing during the next twelve months.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Use of Estimates and Assumptions The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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. The most significant estimates and assumptions made in the preparation of the financial statements relate to accrued royalties and contingent consideration. Actual results could differ from those estimates. Cash and Cash Equivalents The Company considers all highly liquid investments purchased with maturities of three months or less to be cash equivalents. The Company maintains cash balances at financial institutions that are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to federally insured limits. At times balances may exceed FDIC insured limits. The Company has not experienced any losses in such accounts. Revenue and Cost Recognition In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606), and has since issued amendments thereto (collectively referred to as “ASC 606”). The core principle of ASC 606 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services, and the guidance defines a five-step process to achieve this core principle. The five-step process to achieve this principle is as follows: (i) identify the contract(s) with a customer, (ii) identify the performance obligations in the contract(s), (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract(s), and (v) recognize revenue when, or as, the entity satisfies a performance obligation. ASC 606 also mandates additional disclosure about the nature, amount, timing and uncertainty of revenues and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. Results for the reporting periods beginning after January 1, 2018 are presented under ASC 606, while prior period results are not adjusted and continue to be reported in accordance with historic accounting under ASC Topic 605. Revenue from product sales relates to the sale of the Falcon 3D Touch Haptic Controller (the “Falcon”), which is a human-computer user interface and related accessories. The Falcon allows the user to experience the sense of touch when using a computer, while holding its interchangeable handle. The Falcons are manufactured by an unrelated party. Revenue from product sales are recognized when products are shipped to the customer and the Company has earned the right to receive and retain reasonable assured payments for the products sold and delivered. Consequently, if revenue recognition requirements are not met, such sales will be recorded as deferred revenue until revenue recognition requirements are met. During December 2019, the Company has sold 20 Falcon’s for a total of $1,000 but did not recognize revenue as the products were not shipped by the year ended December 31, 2019. Accounts Receivable Accounts receivable are stated at the amounts management expects to collect. An allowance for doubtful accounts is recorded based on a combination of historical experience, aging analysis and information on specific accounts. Account balances are written off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. Management has determined that $0 allowance is required at December 31, 2019 and 2018. Income Taxes The Company accounts for its income taxes under the provisions of ASC Topic 740, “Income Taxes”. The method of accounting for income taxes under ASC 740 is an asset and liability method which requires recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax assets and liabilities are based on the differences between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the Statements of Operations in the period that includes the enactment date. Fair Value of Financial Instruments Level 1 Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2 Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3 Pricing inputs that are generally observable inputs and not corroborated by market data. Financial assets are considered Level 3 when their fair values are determined using pricing models, discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable. The carrying amounts of the Company’s financial assets and liabilities, including cash, inventory, prepaid expenses, accounts payable, accrued expenses, payroll and related liabilities, and advances approximate their fair values because of the short maturity of these instruments. Recently Issued Accounting Pronouncements In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2016-2, Leases Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the SEC did not or are not believed by management to have a material impact on the Company’s present or future consolidated financial statement presentation or disclosures.

ACCOUNTS PAYABLE AND ACCRUED EX

ACCOUNTS PAYABLE AND ACCRUED EXPENSES	12 Months Ended
	Dec. 31, 2019
Payables and Accruals [Abstract]
ACCOUNTS PAYABLE AND ACCRUED EXPENSES	NOTE 3 – ACCOUNTS PAYABLE AND ACCRUED EXPENSES Accounts payable and accrued expenses are as follows: December 31, 2019 2018 Trade payables $ 99,486 $ 99,261 Accrued expenses 7,756 2,701 Accrued royalties 533,132 483,132 Total accounts payable and accrued expenses $ 640,374 $ 585,094

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 4 – COMMITMENTS AND CONTINGENCIES From time to time, in the normal course of business, the Company is subject to routine litigation incidental to its business. Although there can be no assurances as to the ultimate disposition of any such matters, it is the opinion of management, based upon the information available at this time, that there are no matters, individually or in the aggregate, that will have a material adverse effect on the results of operations and financial condition of the Company. The Company has licensing agreements with various parties providing gaming software. These licensing agreements have royalty fees ranging from 5% to 50% of either gross or net revenue, and a flat per user end fee of $0.50. Under one or more of these agreements, there was an annual aggregate minimum payment due of $50,000 which has been recorded as accrued royalties but remains unpaid. Accrued royalty fees as of December 31, 2019 and 2018, was $533,132 and $483,132, respectively. If contested, the Company may be found to be in breach of obligations to pay these amounts (although the Company believes this obligation is no longer ongoing), thus the remaining obligation under this agreement will remain as a liability.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 5 – INCOME TAXES The Company files corporate income tax returns in the United States (Federal), in New Mexico and in New York. The Company is subject to federal, state and local income tax examinations by tax authorities for the tax years 2015 through 2018. As of December 31, 2019, the Company had federal and state net operating loss carry forwards of $33.8 million and $0.5 million, respectively. Federal net operating losses generated prior to January 1, 2018, amounting to $33.7 million, and may be offset against future taxable income, subject to limitation under IRC Section 382, which begin to expire in 2022 if not utilized prior to that date, and fully expire during various years through 2037 for federal purposes. Net operating losses generated after January 1, 2018, amounting to $.3 million, are limited to 80% utilization of current year income and no longer have an expiration. State net operating loss carryforwards will begin to expire in 2034 through 2039. Other than minimum taxes, the company does not incur a provision for income taxes because the Company has historically incurred operating losses and maintains a full valuation allowance against its net deferred tax assets due to the uncertainty surrounding the realizability of the benefit, based on a more likely than not criteria and in consideration of available positive and negative evidence. On December 22, 2017, the Tax Cuts and Jobs Act (“The Act”), was signed into law by President Trump. The Act includes a number of provisions, including the lowering of the U.S. corporate tax rate from 34 percent to 21 percent, effective January 1, 2018 and the establishment of a territorial-style system for taxing foreign-source income of domestic multinational corporations. In December 2017, the SEC issued Staff Accounting Bulletin No. 118, Income Tax Accounting Implications of the Act (“SAB118”), which allows us to record provisional amounts during a measurement period not to extend beyond one year of the enactment. The Company remeasured its deferred tax assets and liabilities as of December 31, 2017, applying the reduced corporate income tax rate and recorded a provisional decrease to the deferred tax assets of $4,504,000, with a corresponding adjustment to the valuation allowance. In the fourth quarter of 2018, we completed our analysis to determine the effect of the Tax Act and there were no material adjustments as of December 31, 2018. The valuation allowance overall increased by approximately $33,000 in the year ended 2019, decreased by $280,000 in the year ended 2018, and was approximately $7,017,000 and $6,984,000 at December 31, 2019 and 2018, respectively. The Company has fully reserved the deferred tax asset resulting from available net operating loss carryforwards. The reconciliation of income tax expense computed at the U.S. federal statutory rate to the income tax provision for the years ended December 31, 2018 and 2017 is as follows: Year Ended December 31, 2019 2018 Income before income taxes $ (134,102 ) $ (115,862 ) Taxes under statutory US tax rates (28,161 ) (24,331 ) Increase (decrease) in taxes resulting from: State taxes (5,036 ) 9,328 Other 10 10 Revaluation of NOL — 295,188 Increase (decrease) in valuation allowance 33,262 (280,120 ) Income tax expense $ 75 $ 75 The increase in the Company's net valuation allowance was caused by continued net operating losses from ongoing operations. Year Ended December 31, 2019 2018 Deferred Tax Assets $ 7,017,682 $ 6,984,420 Valuation allowance (7,017,682 ) (6,984,420 ) Net deferred tax assets $ — $ —

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	12 Months Ended
	Dec. 31, 2019
Equity [Abstract]
STOCKHOLDERS' EQUITY	NOTE 6 – STOCKHOLDERS’ EQUITY Preferred Stock The Company is currently authorized to issue up to 12,500,000 shares of $0.0001 par value preferred stock. No shares of preferred stock are currently outstanding. The Board of Directors may designate the authorized but unissued shares of the Preferred Stock with such rights and privileges as the board of directors may determine. As such, the board of directors may issue preferred shares and designate the conversion, voting and other rights and preferences without notice to the shareholders and without shareholder approval. Common Stock The Company is currently authorized to issue up to 500,000,000 shares of $0.0001 par value common stock. All issued shares of common stock are entitled to vote on a 1 share/1 vote basis. The Company had 202,308,728 shares of common stock issued and outstanding as of December 31, 2019 and 2018. Stock Options During the years ended December 31, 2019 and 2018, the Company did not issue any stock options. No options have been granted subsequent to September 30, 2009. As of September 30, 2009, the Company had 19,924,599 options outstanding, with an exercise price per share ranging from $0.01 to $1.52, and with a term not exceeding ten years. All options outstanding as of September 30, 2009 expired on August 31, 2019. As of December 31, 2019, and 2018, the aggregate intrinsic value of all options outstanding is $0.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2019
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 7 – SUBSEQUENT EVENTS The Company has evaluated subsequent events through the date these financial statements were issued and included in this Special Report on Form 10-K filed with the SEC. Pursuant to its efforts in fiscal 2019, the Company recognized $1,000 of revenue on the sale of 20 units of the Falcon 3D Touch Haptic Controller in the first quarter of 2020. The customer placed the order in December 2019; however, the Company has recognized the revenue at the time of delivery of the product, which occurred in first quarter of 2020.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Use of Estimates and Assumptions	Use of Estimates and Assumptions The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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. The most significant estimates and assumptions made in the preparation of the financial statements relate to accrued royalties and contingent consideration. Actual results could differ from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments purchased with maturities of three months or less to be cash equivalents. The Company maintains cash balances at financial institutions that are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to federally insured limits. At times balances may exceed FDIC insured limits. The Company has not experienced any losses in such accounts.
Revenue and Cost Recognition	Revenue and Cost Recognition In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606), and has since issued amendments thereto (collectively referred to as “ASC 606”). The core principle of ASC 606 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services, and the guidance defines a five-step process to achieve this core principle. The five-step process to achieve this principle is as follows: (i) identify the contract(s) with a customer, (ii) identify the performance obligations in the contract(s), (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract(s), and (v) recognize revenue when, or as, the entity satisfies a performance obligation. ASC 606 also mandates additional disclosure about the nature, amount, timing and uncertainty of revenues and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. Results for the reporting periods beginning after January 1, 2018 are presented under ASC 606, while prior period results are not adjusted and continue to be reported in accordance with historic accounting under ASC Topic 605. Revenue from product sales relates to the sale of the Falcon 3D Touch Haptic Controller (the “Falcon”), which is a human-computer user interface and related accessories. The Falcon allows the user to experience the sense of touch when using a computer, while holding its interchangeable handle. The Falcons are manufactured by an unrelated party. Revenue from product sales are recognized when products are shipped to the customer and the Company has earned the right to receive and retain reasonable assured payments for the products sold and delivered. Consequently, if revenue recognition requirements are not met, such sales will be recorded as deferred revenue until revenue recognition requirements are met. During December 2019, the Company has sold 20 Falcon’s for a total of $1,000 but did not recognize revenue as the products were not shipped by the year ended December 31, 2019.
Accounts Receivable	Accounts Receivable Accounts receivable are stated at the amounts management expects to collect. An allowance for doubtful accounts is recorded based on a combination of historical experience, aging analysis and information on specific accounts. Account balances are written off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. Management has determined that $0 allowance is required at December 31, 2019 and 2018.
Income Taxes	Income Taxes The Company accounts for its income taxes under the provisions of ASC Topic 740, “Income Taxes”. The method of accounting for income taxes under ASC 740 is an asset and liability method which requires recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax assets and liabilities are based on the differences between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance to the extent management concludes it is more likely than not that the assets will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the Statements of Operations in the period that includes the enactment date.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Level 1 Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2 Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3 Pricing inputs that are generally observable inputs and not corroborated by market data. Financial assets are considered Level 3 when their fair values are determined using pricing models, discounted cash flow methodologies or similar techniques and at least one significant model assumption or input is unobservable. The carrying amounts of the Company’s financial assets and liabilities, including cash, inventory, prepaid expenses, accounts payable, accrued expenses, payroll and related liabilities, and advances approximate their fair values because of the short maturity of these instruments.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2016-2, Leases Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the SEC did not or are not believed by management to have a material impact on the Company’s present or future consolidated financial statement presentation or disclosures.

ACCOUNTS PAYABLE AND ACCRUED _2

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)	12 Months Ended
	Dec. 31, 2019
Payables and Accruals [Abstract]
Schedule of accounts payable and accrued expenses	Accounts payable and accrued expenses are as follows: December 31, 2019 2018 Trade payables $ 99,486 $ 99,261 Accrued expenses 7,756 2,701 Accrued royalties 533,132 483,132 Total accounts payable and accrued expenses $ 640,374 $ 585,094

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Schedule of reconciliation of income tax expense	The reconciliation of income tax expense computed at the U.S. federal statutory rate to the income tax provision for the years ended December 31, 2018 and 2017 is as follows: Year Ended December 31, 2019 2018 Income before income taxes $ (134,102 ) $ (115,862 ) Taxes under statutory US tax rates (28,161 ) (24,331 ) Increase (decrease) in taxes resulting from: State taxes (5,036 ) 9,328 Other 10 10 Revaluation of NOL — 295,188 Increase (decrease) in valuation allowance 33,262 (280,120 ) Income tax expense $ 75 $ 75
Schedule of deferred tax assets	The increase in the Company's net valuation allowance was caused by continued net operating losses from ongoing operations. Year Ended December 31, 2019 2018 Deferred Tax Assets $ 7,017,682 $ 6,984,420 Valuation allowance (7,017,682 ) (6,984,420 ) Net deferred tax assets $ — $ —

DESCRIPTION OF BUSINESS (Detail

DESCRIPTION OF BUSINESS (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated deficit	$ (41,286,135)	$ (41,151,958)
Operating loss	$ (133,863)	$ (115,689)

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Accounts receivable, allowance		$ 0	$ 0
Subsequent Event [Member] | Falcon 3D Touch Haptic Controller [Member]
Revenues	$ 1,000
Number of units sold	20

ACCOUNTS PAYABLE AND ACCRUED _3

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Payables and Accruals [Abstract]
Trade payables	$ 99,486	$ 99,261
Accrued expenses	7,756	2,701
Accrued royalties	533,132	483,132
Total accounts payable and accrued expenses	$ 640,374	$ 585,094

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Accrued royalty fees	$ 533,132	$ 483,132
Licensing Agreements [Member]
Revenue per user fee	$ 0.50
Licensing Agreements [Member] | Minimum [Member]
Royalty fees on net revenue percentage	5.00%
Accrued royalty fees	$ 50,000
Licensing Agreements [Member] | Maximum [Member]
Royalty fees on net revenue percentage	50.00%

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Income before income taxes	$ (134,102)	$ (115,863)
Taxes under statutory US tax rates	(28,161)	(24,331)
Increase (decrease) in taxes resulting from:
State taxes	(5,036)	9,328
Other	10	10
Revaluation of NOL		295,188
Increase (decrease) in valuation allowance	33,262	(280,120)
Income tax expense	$ 75	$ 75

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Deferred Tax Assets	$ 7,017,682	$ 6,984,420
Valuation allowance	(7,017,682)	(6,984,420)
Net deferred tax assets	$ 0	$ 0

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Operating Loss Carryforwards [Line Items]
Net operating losses	$ (133,863)	$ (115,689)
Previously federal corporate tax rate	34.00%
Federal corporate tax rate	21.00%
Deferred tax assets			$ 4,504,000
Increase (decrease) in valuation allowance	$ 33,262	(280,120)
Increase (dedcrease) in deferred tax valuation allowance	7,017,000	6,984,000
Federal [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	33,800,000
Net operating losses		$ 300,000	$ 33,700,000
Description of limitations use		Limited to 80% utilization of current year income and no longer have an expiration.	Subject to limitation under IRC Section 382
Expiration date of net operating tax loss carry-forward			Dec. 31, 2022
Description of various expiration date		Begin to expire in 2034 through 2039.	Fully expire during various years through 2037
State [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	$ 500,000

STOCKHOLDERS' EQUITY (Details N

STOCKHOLDERS' EQUITY (Details Narrative) - USD ($)	Sep. 30, 2019	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Preferred stock, authorized		12,500,000	12,500,000
Preferred stock, par value (in dollars per share)		$ 0.0001	$ 0.0001
Preferred stock, outstanding		0	0
Common stock, authorized		500,000,000	500,000,000
Common stock, par value (in dollars per share)		$ 0.0001	$ 0.0001
Common stock, voting rights		Common stock are entitled to vote on a 1 share/1 vote basis.
Common stock, issued		202,308,728	202,308,728
Common stock, outstanding		202,308,728	202,308,728
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of option outstanding	19,924,599
Terms of option	10 years
Option expiration date	Aug. 31, 2019
Aggregate intrinsic value of option		$ 0	$ 0
Stock Options [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price (in dollars per share)	$ 0.01
Stock Options [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price (in dollars per share)	$ 1.52

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - Subsequent Event [Member] - Falcon 3D Touch Haptic Controller [Member]	3 Months Ended
	Mar. 31, 2020USD ($)shares
Subsequent Event [Line Items]
Revenues | $	$ 1,000
Number of units sold | shares	20