HPIL Holding (HPIL) 10-Q 15 Jul 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Jul. 14, 2015
Document And Entity Information
Entity Registrant Name	HPIL HOLDING
Entity Central Index Key	1,286,345
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
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	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		57,698,000
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,015

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Interim Balance Sheets - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Current Assets:
Cash	$ 81,715	$ 445,069
Inventory	44,480
Advances to related parties (note 5)	183,605
Prepaid expenses (note 5)	6,200	$ 17,221
Total current assets	316,000	462,290
Equipment	299,765	299,765
Investment in affiliate	10,906	15,933
Brand license (note 6)	6,805,600	6,805,600
Patents	$ 1	1
Advances to related parties (note 5)		241,746
Total other assets	$ 7,116,272	7,363,045
Total assets	7,432,272	7,825,335
Current Liabilities:
Accounts payable and accrued expenses	22,000	43,635
Total current liabilities	$ 22,000	$ 43,635
Stockholders’ Equity
Preferred stock, series 1, class P-1 par value $8.75; 25,000,000 shares authorized; nil issued and outstanding at June 30, 2015, and December 31, 2014. Preferred stock, series 1, class P-2 par value $7.00; 75,000,000 shares authorized; nil issued and outstanding at June 30, 2015 and December 31, 2014.
Common stock par value $0.0001; 400,000,000 shares authorized; 57,698,000 issued and outstanding at June 30, 2015 and December 31, 2014. (note 3)	$ 5,770	$ 5,770
Additional paid-in capital	10,314,563	10,314,563
Accumulated deficit	(2,910,061)	(2,538,633)
Total Stockholders’ Equity	7,410,272	7,781,700
Total Liabilities and Stockholders' Equity	$ 7,432,272	$ 7,825,335
Preferred stock, series 1, class P-1
Stockholders’ Equity
Preferred stock, series 1, class P-1 par value $8.75; 25,000,000 shares authorized; nil issued and outstanding at June 30, 2015, and December 31, 2014. Preferred stock, series 1, class P-2 par value $7.00; 75,000,000 shares authorized; nil issued and outstanding at June 30, 2015 and December 31, 2014.
Total Stockholders’ Equity
Total Liabilities and Stockholders' Equity
Preferred stock, series 1, class P-2 [Member]
Stockholders’ Equity
Preferred stock, series 1, class P-1 par value $8.75; 25,000,000 shares authorized; nil issued and outstanding at June 30, 2015, and December 31, 2014. Preferred stock, series 1, class P-2 par value $7.00; 75,000,000 shares authorized; nil issued and outstanding at June 30, 2015 and December 31, 2014.
Total Stockholders’ Equity
Total Liabilities and Stockholders' Equity

Unaudited Condensed Consolidat3

Unaudited Condensed Consolidated Interim Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2015	Dec. 31, 2014
Common stock, par value per share	$ 0.0001	$ 0.0001
Common stock, shares authorized	400,000,000	400,000,000
Common stock, shares issued	57,698,000	57,698,000
Common stock, shares outstanding	57,698,000	57,698,000
Preferred stock, series 1, class P-1
Preferred stock, par value per share	$ 8.75	$ 8.75
Preferred stock, shares authorized	25,000,000	25,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Preferred stock, series 1, class P-2 [Member]
Preferred stock, par value per share	$ 7	$ 7
Preferred stock, shares authorized	75,000,000	75,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding

Unaudited Condensed Consolidat4

Unaudited Condensed Consolidated Interim Statements Of Operations - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Statement [Abstract]
Consulting revenue (note 4)		$ 30,000	$ 35,000	$ 30,000
Expenses:
General and administrative	$ 213,063	$ 162,116	358,852	$ 295,144
Research & development	$ 17,544		42,549
Equity loss in unconsolidated affiliate		$ 3,765	5,027	$ 3,765
Total expenses	$ 230,607	165,881	406,428	298,909
Net loss	$ (230,607)	(135,881)	$ (371,428)	(268,909)
Preferred dividend from beneficial conversion feature		66,000		66,000
Net loss available to common shareholders	$ (230,607)	$ (201,881)	$ (371,428)	$ (334,909)
Common shares Outstanding - Basic and diluted	57,698,000	56,896,000	57,698,000	56,896,000
Net loss per common shares Outstanding - Basic and diluted	$ (0.004)	$ (0.004)	$ (0.006)	$ (0.006)

Unaudited Condensed Consolidat5

Unaudited Condensed Consolidated Interim Statements Of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
OPERATING ACTIVITIES:
Net loss	$ (371,428)	$ (268,909)
Adjustment for non-cash item:
Equity loss from unconsolidated affiliate	5,027	$ 3,765
Adjustments for changes in working capital:
Inventory	44,480
Advances settled in exchange for inventory	(58,141)
Prepaid expenses	(11,021)	$ 5,000
Accounts payable and accrued expenses	(21,635)	(35,801)
NET CASH USED IN OPERATING ACTIVITIES	$ (363,354)	(305,945)
INVESTING ACTIVITIES:
Net repayment from related parties		8,164
Expenditures for equipment		(24,194)
NET CASH USED IN INVESTING ACTIVITIES:		(16,030)
FINANCING ACTIVITIES:
Proceeds from issuance of preferred stock		349,975
NET CASH PROVIDED BY FINANCING ACTIVITIES:		349,975
NET (DECREASE) INCREASE IN CASH	$ (363,354)	28,000
CASH - BEGINNING OF PERIOD	445,069	401,723
CASH - END OF PERIOD	$ 81,715	$ 429,723

Nature Of Business Basis Of Pre

Nature Of Business Basis Of Presentation And Going Concern	6 Months Ended
	Jun. 30, 2015
Nature Of Business Basis Of Presentation And Going Concern
Nature of Business Basis of Presentation and Going Concern	NOTE 1 – NATURE OF BUSINESS, BASIS OF PRESENTATION AND GOING CONCERN Nature of Operations and Going Concern HPIL Holding (referred to in this report as “HPIL”, the “Company”, “us”, “our” or “we”) (formerly Trim Holding Group) was incorporated on February 17, 2004 in the state of Delaware under the name TNT Designs, Inc. A substantial part of the Company’s activities were involved in developing a business plan to market and distribute fashion products. On June 16, 2009, the majority interest in the Company was purchased in a private agreement by Mr. Louis Bertoli, an individual, with the objective to acquire and/or merge with other businesses. On October 7, 2009, the Company merged with and into Trim Nevada, Inc., which became the surviving corporation. The merger did not result in any change in the Company’s management, assets, liabilities, net worth or location of principal executive offices. However, this merger changed the legal domicile of the Company from Delaware to Nevada where Trim Nevada, Inc. was incorporated. Each outstanding share of TNT Designs, Inc. was automatically converted into one share of the common stock of Trim Nevada, Inc. Pursuant to the merger, the Company changed its name from TNT Designs, Inc. to Trim Holding Group and announced the change in the Company’s business focus to health care and environmental quality sectors. Afterwards the Company determined it no longer needed its inactive subsidiaries, and as such, all three subsidiaries were dissolved. On May 21, 2012, the Company changed its name to HPIL Holding. HPIL Holding intends that its main activity will be in the business of investing in differing business sectors. To begin the implementation of the business plan, on September 10, 2012, the Company organized six new subsidiary companies. Each of these subsidiary companies was wholly (100%) owned by the Company. The names of the new subsidiary companies were HPIL HEALTHCARE Inc., HPIL ENERGYTECH Inc., HPIL WORLDFOOD Inc., HPIL REAL ESTATE Inc., HPIL GLOBALCOM Inc. and HPIL ART&CULTURE Inc. (collectively, the “Subsidiaries” and, each individually a “Subsidiary”) These companies were organized to implement the various growth strategies of the Company. On May 27, 2015, the Company entered into a Plan of Merger (the “Plan of Merger”) with its Subsidiaries in an effort to consolidate and simplify the Company’s operations and accounting practices. In accordance with the Plan of Merger, Articles of Merger were completed, executed, and filed with the Nevada Secretary of State making the merger effective as of May 28, 2015 (the “Merger Effective Date”). Pursuant to the terms of the Plan of Merger, as of the Merger Effective Date, all shares of each Subsidiary were canceled and each Subsidiary merged with and into the Company and ceased to exist, with the Company remaining as the sole surviving entity. As a result of the merger, the Company is the successor to all rights and obligations of each of the Subsidiaries. We do not expect the merger to materially affect our business plan or the Company’s continued pursuit thereof. The concentration of the Company has become the development of the IFLOR Business to produce a “Massage Vibrator for the Relief of Aches and Pain” product, the IFLOR Stimulating Massage Device (the “IFLOR Device”) As of June 30, 2015, the Company has yet to commence substantial operations. In the course of its start-up activities, the Company has sustained operating losses and expects to incur operating losses in 2015. The Company has generated a limited amount of revenue and has not achieved profitable operations or positive cash flows from operations. These factors and uncertainties raise substantial doubt about the Company's ability to continue as a going concern. The Company will continue targeting sources of additional financing and opportunities to produce profitable revenue streams, whether through sole or joint ventures, to provide for the continuation of its operations. The Company is also prepared to re-evaluate its expense load, if necessary, to determine whether any efficiency can be achieved prior to the commencement of substantial operations related to the Product Reseller Agreement or other potential operations identified by the Company. Additionally, the Company’s majority stockholder has indicated his ability to provide financial support to the Company for the continuation of its operations, should it be necessary.

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2015
Significant Accounting Policies
Significant Accounting Policies	NOTE 2 – SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation and Basis of Presentation These unaudited condensed consolidated interim financial statements are presented in accordance with accounting principles generally accepted in the United Stated (“GAAP”), and are expressed in United States dollars. These unaudited condensed consolidated interim financial statements include the accounts of HPIL Holding and HPIL HEALTHCARE Inc., HPIL ENERGYTECH Inc., HPIL WORLDFOOD Inc., HPIL REAL ESTATE Inc., HPIL GLOBALCOM Inc., and HPIL ART AND CULTURE Inc. (formerly wholly owned subsidiaries of the Company that have been merged with and into the Company effective as of May 28, 2015). All inter-company balances and transactions have been eliminated on consolidation. Unaudited Condensed Consolidated Interim Financial Statements These unaudited condensed consolidated interim financial statements have been prepared on the same basis as the annual financial statement and should be read in conjunction with those annual financial statements filed on Form 10-K for the year ended December 31, 2014. In the opinion of management, these unaudited condensed consolidated interim financial statements reflect adjustments, necessary to present fairly the Company’s financial position, results of operations and cash flows for the periods shown. The results of operations for such periods are not necessarily indicative of the results for a full year or for any future period. Investment in Unconsolidated Affiliate The Company utilizes the equity method of accounting, as prescribed by ASC Topic 323 “Investments – Equity Method and Joint Ventures”, when it is able to exercise significant influence over the entity’s operations, which generally occurs when HPIL has an ownership interest of between 20% and 50% in an entity. The cost method of accounting is used when the Company does not exercise significant influence, generally when the Company has an ownership interest of less than 20%. The Company’s 32% investment in Haesler Real Estate Management SA (“HREM”) is accounted for under the equity method of accounting. As of June 30, 2015, the carrying amount of the investment is equal to the Company’s equity interest of the carrying amount of the net assets of HREM. Inventory Inventory is stated at the lower of cost or market determined using the first-in, first-out method. Inventory is periodically reviewed for use and obsolescence, and adjusted as necessary. Inventory consists of IFLOR Device - Standard Version units. Equipment The Company’s equipment consists of molds and designs not yet being used in operations at June 30, 2015. Once placed into operations, the Company will depreciate these assets over their estimated useful lives, expected to range between 5 and 10 years. For the periods ended June 30, 2015 and 2014, the Company has not recorded any depreciation expense related to these assets as they are not yet placed in service. Impairment of long-lived assets The Company follows the ASC 360, which requires that long-lived assets be reviewed for impairment whenever events or changes in circumstances indicate that the assets’ carrying amount may not be recoverable. In performing the review for recoverability, if future discounted cash flows (excluding interest charges) from the use of ultimate disposition of the assets are less than their carrying values, an impairment loss represented by the difference between its fair value and carrying value, is recognized. Research and Development The Company is engaged in research and development in respect to the Company’s Brand License Agreement with World Traditional Fudokan Shotokan Karate-Do Federation (“WTFSKF”) and in respect to the Company’s product, IFLOR Device - Plus Version. Research and development costs are charged as an operating expense as incurred. Revenue Recognition Revenue is recognized when persuasive evidence that an arrangement or contract exists, delivery has occurred, the fees are fixed and determinable, and collectability is probable or certain. Revenue from consulting services is recognized upon delivery of consulting services when persuasive evidence of an arrangement exists and collection of the related receivable is reasonably assured. Net Loss per Share Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of shares of common stock outstanding for the period. Diluted loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding for the period and the number of shares of common stock issuable upon assumed exercise of preferred stock provided the result is not anti-dilutive. Recently Issued Accounting Pronouncements In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers. This new standard provides guidance for the recognition, measurement and disclosure of revenue resulting from contracts with customers and will supersede virtually all of the current revenue recognition guidance under GAAP. The standard is effective for the first interim period within annual reporting periods beginning after December 15, 2017. The Company is currently evaluating the impact of the provisions of this new standard on our consolidated financial statements. In August 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements - Going Concern: Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. This new standard provided guidance for the presentation of the disclosure of uncertainties about an Entity’s Ability to Continue as a Going Concern. This standard is effective for annual periods beginning after December 15, 2016. The Company is currently evaluating the impact of the new standard on our consolidated financial statements. In February 2015, the FASB issued ASU No. 2015-05, Consolidation: Amendments to the Consolidation Analysis. This new standard provided guidance regarding the consolidation of certain legal entities. All legal entities are subject to revaluation under the revised consolidation method. The standard is effective for fiscal periods beginning after December 15, 2015. The Company is currently evaluating the impact of the new standard on our consolidated financial statements. None of the other recently issued accounting pronouncements are expected to significantly affect the Company.

Capital Stock

Capital Stock	6 Months Ended
	Jun. 30, 2015
Capital Stock
Capital Stock	NOTE 3 – CAPITAL STOCK On June 12, 2014, the Company entered into a Stock Purchase Agreement with an accredited investor, pursuant to which the Company agreed to sell and the investor agreed to purchase 50,000 shares of Convertible Preferred Stock Series 1 Class P-2 of the Company at the par value of $7.00 each for a total purchase price of $350,000. On June 24, 2014, the Company issued the shares to the investor in exchange for the purchase price. As provided in the articles of incorporation of the Company, the holders of the Convertible Preferred Stock Series 1 Class P-2 may convert, at any time, their preferred stock in whole or part, into shares of common stock of the Company. Each one (1) share of Preferred Stock Series 1 Class P-2 is convertible into one (1) share of common stock of the Company. This beneficial conversion feature (“BCF”) has an intrinsic value at the issuance date of $66,000, and is recorded as a preferred dividend to the preferred stockholder. On December 15, 2014, the Company entered into an Amendment Agreement with an accredited investor amending the Stock Purchase Agreement entered into by the Company and Investor on June 12, 2014. The Amendment Agreement adjusted the purchase price set forth in the Stock Purchase Agreement upward by the amount of $66,000, to a total purchase price of $416,000. The Company has received the additional $66,000 of the purchase price from the Investor. No additional shares were issued as a result of the Amendment Agreement. During 2014, the Preferred Shares were converted into 50,000 shares of common stock of the Company in accordance with the conversion rights of the Convertible Preferred Stock Series 1 Class P-2. On December 29, 2014, the Company, entered into a Brand License Agreement with WTFSKF, a worldwide karate federation based in Switzerland. Pursuant to the Brand License Agreement, WTFSKF has granted to the Company an exclusive, worldwide, transferrable license to use certain logos, names, and marks of WTFSKF, and manufacture and sell certain products (clothing, accessories and sporting goods) bearing the Marks. Pursuant to the Brand License Agreement the Company will pay WTFSKF a license fee equal to 5% of the net selling price for the licensed products sold in accordance with the Brand License Agreement, and in addition as a partial consideration for the License, the Company issued to WTFSKF 752,000 shares of its treasury common stock on December 30, 2014 (see Note 6 for further discussion of the Brand License Agreement).

Revenue

Revenue	6 Months Ended
	Jun. 30, 2015
Revenue
Revenue	NOTE 4 - REVENUE On June 10, 2014, HPIL ENERGYTECH Inc. (formerly a wholly owned subsidiary of the Company that has been merged with and into the Company effective as of May 28, 2015) entered into a Service and Consulting Agreement (the “O.R.C. Consulting Agreement”) with O.R.C. SRL, a private company focused on investing in the energy sector. Pursuant to the O.R.C. Consulting Agreement, HPIL ENERGYTECH Inc. began providing to O.R.C. SRL certain consulting and other services on June 10, 2014, for a monthly fee in the amount of $30,000 per month. The term of the O.R.C. Consulting Agreement was two (2) years unless terminated earlier by either party pursuant to the terms and conditions of the O.R.C. Consulting Agreement. HPIL ENERGYTECH Inc. and O.R.C. SRL terminated the O.R.C. Consulting Agreement, effective March 10, 2015. The O.R.C. Consulting Agreement was terminated because the parties determined that O.R.C. SRL no longer required the services to be delivered thereunder, and no services were provided in the month of February 2015. The termination was mutual and without recourse or the incurrence of penalty by either party thereto. On December 5, 2014, HPIL GLOBALCOM Inc. (formerly a wholly owned subsidiary of the Company that has been merged with and into the Company effective as of May 28, 2015) entered into a Service and Consulting Agreement (the “ET Consulting Agreement”) with ECOLOGY TRANSPORT SRL, a private company focused on investing in the communication and ecology sectors. Pursuant to the ET Consulting Agreement, HPIL GLOBALCOM Inc. began providing to ECOLOGY TRANSPORT SRL certain consulting and other services on December 5, 2014, for a monthly fee in the amount of $5,000 per month. The term of the ET Consulting Agreement was two (2) years unless terminated earlier by either party pursuant to the terms and conditions of the ET Consulting Agreement. HPIL GLOBALCOM Inc. and ECOLOGY TRANSPORT SRL terminated the O.R.C. Consulting Agreement, effective March 4, 2015. The ET Consulting Agreement was terminated because the parties determined that ECOLOGY TRANSPORT SRL no longer required the services to be delivered thereunder and no services were provided in the month of February 2015. The termination was mutual and without recourse or the incurrence of penalty by either party thereto.

Related Party Transactions And

Related Party Transactions And Balances	6 Months Ended
	Jun. 30, 2015
Related Party Transactions And Balances
Related Party Transactions and Balances	NOTE 5 – RELATED PARTY TRANSACTIONS AND BALANCES HPIL HEALTHCARE Inc. (formerly a wholly owned subsidiary of the Company that has been merged with and into the Company effective as of May 28, 2015) used the service of MB Ingenia SRL (“MB Ingenia”) for the production of the "Massage Vibrator for the Relief of Aches and Pain". HPIL HEALTHCARE Inc. made equipment purchases from MB Ingenia totaling $Nil for the six months ended June 30, 2015, and $24,194 for the six months ended June 30, 2014. HPIL HEALTHCARE Inc. made equipment purchases from MB Ingenia totaling $Nil for the three months ended June 30, 2015, and 2014. Mr. Bertoli was the President and CEO of MB Ingenia until November 28, 2013, at which time Mr. Bertoli’s brother became President and CEO of MB Ingenia. Mr. Bertoli also serves as an executive officer and director of the Company. The Company had advances receivable from MB Ingenia of $183,605 as of June 30, 2015 and $241,746 as of December 31, 2014, for the production of the IFLOR Device - Standard Version units. These advances have been classified as current as at June 30, 2015 and will be settled upon delivery of the IFLOR Device – Standard Version units within the next 12 months. The Company is in the process of completing production of the IFLOR Device - Standard Version samples and packaging mock ups in connection with the Product Reseller Agreement (as defined in the Note 7). During the three months and six months ended June 30, 2015, $58,141 of the advance was settled upon delivery of IFLOR Device units. The Company uses MB Ingenia for various corporate business services, including technical support and engineering services, and use of office space by Mr. Bertoli. For the six months ended June 30, 2015 and 2014, the Company incurred expenses of $27,229 and $24,910, respectively, in relation to these services. For the three months ended June 30, 2015 and 2014, the Company incurred expenses of $13,264 and $12,488, respectively, in relation to these services. For the six months ended June 30, 2015, and 2014 the Company incurred reimbursements for handling and storage expense of $8,158 and $Nil, respectively, in relation to these services provided by MB Ingenia to HPIL HEALHCARE Inc. For the three months ended June 30, 2015, and 2014 the Company incurred reimbursements for handling and storage expense of $8,158 and $Nil in relation to these services provided by MB Ingenia to HPIL HEALHCARE Inc. For the six months ended June 30, 2015, and 2014 the Company incurred research and developments costs of $17,544 and $Nil, respectively, in relation to these services provided by MB Ingenia to HPIL HEALHCARE Inc. For the three months ended June 30, 2015, and 2014 the Company incurred in research and developments costs of $17,544 and $Nil, respectively, in relation to these services provided by MB Ingenia to HPIL HEALHCARE Inc. On July 20, 2009, the Company entered into a two-year consulting agreement with Amersey Investments LLC (“Amersey”), a company controlled by a director and the CFO of the Company, Mr. Nitin Amersey. Amersey will continue to provide office space, office identity and assist the Company with corporate, financial, administrative and management records. For the six months ended June 30, 2015 and 2014, the Company incurred expenses of $35,000 and $30,000, respectively, in relation to these services. For the three months ended June 30, 2015 and 2014, the Company incurred expenses of $15,000 in relation to these services. As at June 30, 2015, and December 31, 2014, $5,000 and $Nil, respectively, are recorded as prepaid expenses in the unaudited condensed consolidated interim balance sheet. The Company uses Bay City Transfer Agency & Registrar Inc. (“BCTAR”) to do its stock transfers and corporate services. Mr. Amersey is listed with the Securities and Exchange Commission as a control person of BCTAR. For the six months ended June 30, 2015 and 2014, the Company incurred expenses of $8,388 and $3,147, respectively, in relation to these services. For the three months ended June 30, 2015 and 2014, the Company incurred expenses of $7,241 and $2,280, respectively, in relation to these services. As at June 30, 2015, and December 31, 2014, $1,200 and $1,700 are recorded as prepaid expenses in the unaudited condensed consolidated interim balance sheet. The Company uses the services of Freeland Venture Resources LLC, for Edgar filings and consulting services. Mr. Amersey is a control person in Freeland Venture Resources LLC. For the six months ended June 30, 2015 and 2014, the Company incurred expenses of $5,435 and $7,610, respectively, in relation to these services. For the three months ended June 30, 2015 and 2014, the Company incurred expenses of $3,925 and $7,610, respectively, in relation to these services. The Company uses the services of Cheerful Services International Inc. (“Cheerful”) for corporate press releases and consulting services. Cheerful is owned by Mr. Amersey’s children. For the six months June 30, 2015 and 2014, the Company incurred expenses of $9,439 and $3,730, respectively, in relation to these services. For the three months June 30, 2015 and 2014, the Company incurred expenses of $5,760 and $3,730, respectively, in relation to these services. As at June 30, 2015, and December 31, 2014, $Nil and $545 are recorded as prepaid expenses in the unaudited condensed consolidated interim balance sheet.

Brand License

Brand License	6 Months Ended
	Jun. 30, 2015
Brand License
Brand License	NOTE 6 – BRAND LICENSE On December 29, 2014, the Company, entered into a Brand License Agreement with World Traditional Fudokan Shotokan Karate-Do Federation (“WTFSKF”), a worldwide karate federation based in Switzerland. Pursuant to the Brand License Agreement, WTFSKF has granted to HPIL the License to use the Marks of WTFSKF and manufacture and sell the Products bearing the Marks. Pursuant to the Brand License Agreement, in consideration for the License, beginning in 2018, HPIL will pay to WTFSKF an ongoing License Fee. Additionally, HPIL issued to WTFSKF 752,000 shares of treasury common stock (the “Shares”) of HPIL in accordance with the Brand License Agreement. WTFSKF has agreed to provide to HPIL annual projected sales forecasts based on its membership and their expected needs for Products (the “Projected Sales”). The Brand License Agreement requires the License Consideration to be subject to renegotiation by the parties in the event that Projected Sales exceed actual sales of the Products by more than an agreed upon deviation percentage. Additionally, pursuant to the Brand License Agreement, HPIL may require WTFSKF to either return the Shares or pay to HPIL the market value of the Shares at the time of the execution of the Brand License Agreement (approximately $6,805,600), if HPIL terminates the Brand License Agreement as a result of such deviations within the first 52 months after the execution of the Brand License Agreement. The initial term of the Brand License Agreement lasts until December 31, 2042, at which time the Brand License Agreement will automatically renew for successive 25 year terms unless and until either party provides notice of non-renewal or terminates the Brand License Agreement. The Brand License totaling $6,805,600 was measured based on the fair value of the stock issued. The Company will amortize the license over the contractual life of the asset of 25 years. No amortization has been recognized as of June 30, 2015, as the Brand License Agreement does not commence until 2018.

Commitments

Commitments	6 Months Ended
	Jun. 30, 2015
Commitments
Commitments	NOTE 7 – COMMITMENTS On October 9, 2014, HPIL HEALTHCARE Inc. entered into a Product Reseller Agreement (the “Product Reseller Agreement”) with WTFSKF (the Product Reseller Agreement remains an asset of the Company following the merger of HPIL HEALTHCARE Inc. with and into the Company effective as of May 28, 2015). Pursuant to the Product Reseller Agreement, beginning in 2017, HPIL HEALTHCARE Inc. will supply its IFLOR Device - Standard Version to WTFSKF for resale exclusively at WTFSKF-sanctioned events and through the WTFSKF members and their official affiliates. The initial term of the Product Reseller Agreement lasts until December 31, 2019, at which time the Agreement will automatically renew for 3 year terms unless and until either party provides notice of non-renewal or terminates the Product Reseller Agreement pursuant to the terms thereof. Under the Product Reseller Agreement, WTFSKF has committed to order a minimum of 1,500,000 units of the IFLOR Device - Standard Version from January 1, 2017, through December 31, 2019, pursuant to annual purchase orders.

Significant Accounting Polici13

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2015
Significant Accounting Policies Policies
Principles of Consolidation and Basis of Presentation	Principles of Consolidation and Basis of Presentation These unaudited condensed consolidated interim financial statements are presented in accordance with accounting principles generally accepted in the United Stated (“GAAP”), and are expressed in United States dollars. These unaudited condensed consolidated interim financial statements include the accounts of HPIL Holding and HPIL HEALTHCARE Inc., HPIL ENERGYTECH Inc., HPIL WORLDFOOD Inc., HPIL REAL ESTATE Inc., HPIL GLOBALCOM Inc., and HPIL ART AND CULTURE Inc. (formerly wholly owned subsidiaries of the Company that have been merged with and into the Company effective as of May 28, 2015). All inter-company balances and transactions have been eliminated on consolidation.
Unaudited Condensed Consolidated Interim Financial Statements	Unaudited Condensed Consolidated Interim Financial Statements These unaudited condensed consolidated interim financial statements have been prepared on the same basis as the annual financial statement and should be read in conjunction with those annual financial statements filed on Form 10-K for the year ended December 31, 2014. In the opinion of management, these unaudited condensed consolidated interim financial statements reflect adjustments, necessary to present fairly the Company’s financial position, results of operations and cash flows for the periods shown. The results of operations for such periods are not necessarily indicative of the results for a full year or for any future period.
Investment in Unconsolidated Affiliate	Investment in Unconsolidated Affiliate The Company utilizes the equity method of accounting, as prescribed by ASC Topic 323 “Investments – Equity Method and Joint Ventures”, when it is able to exercise significant influence over the entity’s operations, which generally occurs when HPIL has an ownership interest of between 20% and 50% in an entity. The cost method of accounting is used when the Company does not exercise significant influence, generally when the Company has an ownership interest of less than 20%. The Company’s 32% investment in Haesler Real Estate Management SA (“HREM”) is accounted for under the equity method of accounting. As of June 30, 2015, the carrying amount of the investment is equal to the Company’s equity interest of the carrying amount of the net assets of HREM.
Inventory	Inventory Inventory is stated at the lower of cost or market determined using the first-in, first-out method. Inventory is periodically reviewed for use and obsolescence, and adjusted as necessary. Inventory consists of IFLOR Device - Standard Version units.
Equipment	Equipment The Company’s equipment consists of molds and designs not yet being used in operations at June 30, 2015. Once placed into operations, the Company will depreciate these assets over their estimated useful lives, expected to range between 5 and 10 years. For the periods ended June 30, 2015 and 2014, the Company has not recorded any depreciation expense related to these assets as they are not yet placed in service.
Impairment of long-lived assets	Impairment of long-lived assets The Company follows the ASC 360, which requires that long-lived assets be reviewed for impairment whenever events or changes in circumstances indicate that the assets’ carrying amount may not be recoverable. In performing the review for recoverability, if future discounted cash flows (excluding interest charges) from the use of ultimate disposition of the assets are less than their carrying values, an impairment loss represented by the difference between its fair value and carrying value, is recognized.
Research and Development	Research and Development The Company is engaged in research and development in respect to the Company’s Brand License Agreement with World Traditional Fudokan Shotokan Karate-Do Federation (“WTFSKF”) and in respect to the Company’s product, IFLOR Device - Plus Version. Research and development costs are charged as an operating expense as incurred.
Revenue Recognition	Revenue Recognition Revenue is recognized when persuasive evidence that an arrangement or contract exists, delivery has occurred, the fees are fixed and determinable, and collectability is probable or certain. Revenue from consulting services is recognized upon delivery of consulting services when persuasive evidence of an arrangement exists and collection of the related receivable is reasonably assured.
Net Loss per Share	Net Loss per Share Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of shares of common stock outstanding for the period. Diluted loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding for the period and the number of shares of common stock issuable upon assumed exercise of preferred stock provided the result is not anti-dilutive.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers. This new standard provides guidance for the recognition, measurement and disclosure of revenue resulting from contracts with customers and will supersede virtually all of the current revenue recognition guidance under GAAP. The standard is effective for the first interim period within annual reporting periods beginning after December 15, 2017. The Company is currently evaluating the impact of the provisions of this new standard on our consolidated financial statements. In August 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements - Going Concern: Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. This new standard provided guidance for the presentation of the disclosure of uncertainties about an Entity’s Ability to Continue as a Going Concern. This standard is effective for annual periods beginning after December 15, 2016. The Company is currently evaluating the impact of the new standard on our consolidated financial statements. In February 2015, the FASB issued ASU No. 2015-05, Consolidation: Amendments to the Consolidation Analysis. This new standard provided guidance regarding the consolidation of certain legal entities. All legal entities are subject to revaluation under the revised consolidation method. The standard is effective for fiscal periods beginning after December 15, 2015. The Company is currently evaluating the impact of the new standard on our consolidated financial statements. None of the other recently issued accounting pronouncements are expected to significantly affect the Company.

Nature Of Business Basis Of P14

Nature Of Business Basis Of Presentation And Going Concern (Narrative) (Details)	Sep. 10, 2012	Oct. 09, 2007
Number of inactive subsidiaries		3
Number of subsidiaries newly organized	6
HPIL HEALTHCARE Inc [Member]
Ownership interest in subsidiary by company	100.00%
HPIL ENERGYTECH Inc [Member]
Ownership interest in subsidiary by company	100.00%
HPIL WORLDFOOD Inc [Member]
Ownership interest in subsidiary by company	100.00%
HPIL REAL ESTATE Inc [Member]
Ownership interest in subsidiary by company	100.00%
HPIL GLOBALCOM Inc [Member]
Ownership interest in subsidiary by company	100.00%
HPIL ART&CULTURE Inc [Member]
Ownership interest in subsidiary by company	100.00%

Signficant Accounting Policies

Signficant Accounting Policies (Narrative) (Details) - Jun. 30, 2015	Total
Equity investment method as per ASC 323	The Company utilizes the equity method of accounting, as prescribed by ASC Topic 323 “Investments – Equity Method and Joint Ventures”, when it is able to exercise significant influence over the entity’s operations, which generally occurs when HPIL has an ownership interest of between 20% and 50% in an entity.
Cost investment method as per ASC 323	The cost method of accounting is used when the Company does not exercise significant influence, generally when the Company has an ownership interest of less than 20%.
Haesler Real Estate Management SA
Percentage of equity ownership interest	32.00%
Minimum [Member] | Tools, Dies And Molds [Member]
Estimated useful lives	5 years
Maximum [Member] | Tools, Dies And Molds [Member]
Estimated useful lives	10 years

Capital Stock (Narrative) (Deta

Capital Stock (Narrative) (Details) - USD ($)	Dec. 29, 2014	Dec. 15, 2014	Jun. 24, 2014	Jun. 12, 2014	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Preferred dividend from beneficial conversion feature						$ 66,000		$ 66,000
Proceeds from issuance of preferred stock								$ 349,975
Number of shares of common stock for Brand License	725,000
Percentage of license fee equal to net selling price of licensed product	5.00%
Preferred stock, series 1, class P-2 [Member]
Preferred stock conversion terms			As provided in the articles of incorporation of the Company, the holders of the Convertible Preferred Stock Series 1 Class P-2 may convert, at any time, their preferred stock in whole or part, into shares of common stock of the Company. Each one (1) share of Preferred Stock Series 1 Class P-2 is convertible into one (1) share of common stock of the Company.
Preferred dividend from beneficial conversion feature			$ 66,000
Stock Purchase Agreement [Member]
Proceeds from issuance of preferred stock		$ 66,000
Increase in purchase price of preferred shares		66,000
Amended total purchase price of preferred shares		$ 416,000
Stock Purchase Agreement [Member] | Preferred stock, series 1, class P-2 [Member]
Shares issued during the period, shares				50,000
Shares issued during the period, value				$ 350,000
Sale of stock price, per share				$ 7

Revenue (Narrative) (Details)

Revenue (Narrative) (Details) - USD ($)	Dec. 05, 2014	Jun. 10, 2014
O.R.C. Consulting Agreement With O.R.C. SRL
Monthly consulting revenue fees per month		$ 30,000
Term of agreement		The term of the O.R.C. Consulting Agreement was two (2) years unless terminated earlier by either party pursuant to the terms and conditions of the O.R.C. Consulting Agreement.
Contract termination date		March 10, 2015
ET Consulting Agreement With Ecology Transport SRL
Monthly consulting revenue fees per month	$ 5,000
Term of agreement	The term of the ET Consulting Agreement was two (2) years unless terminated earlier by either party pursuant to the terms and conditions of the ET Consulting Agreement.
Contract termination date	March 04, 2015

Related Party Transactions An18

Related Party Transactions And Balances (Narrative) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2015	Dec. 31, 2014
Advances to related parties	$ 183,605		$ 183,605
Research and development expense	17,544		42,549
Prepaid expenses	$ 6,200		$ 6,200			$ 17,221
Mr. Bertoli brother - President And CEO Of MB Ingenia
Equipment purchases				$ 24,194
Advances to related parties	$ 183,605		$ 183,605			$ 241,746
Advances settled in exchange for inventory	58,141		58,141
Services and office space	13,264	$ 12,488	27,229	$ 24,910
Handling and storage expenses	8,158		8,158
Research and development expense	17,544		17,544
Amersey Investments LLC - Company Controlled By Nitin Amersey | Consulting Agreement With Amersey Investments LLC
Office space, office identity and other services	15,000	$ 15,000	35,000	$ 30,000
Prepaid expenses	5,000		5,000
Mr. Amersey - Control person Of Bay City Transfer Agency & Registrar Inc. (BCTAR)
Prepaid expenses	1,200		1,200			$ 1,700
Stock transfer and corporate services	7,241	2,280	8,388	3,147
Amersey - A Control Person In Freeland Venture Resources LLC
Edgar filings and consulting services	$ 3,925	7,610	$ 5,435	7,610
Cheerful - Owned By Mr. Amersey children
Prepaid expenses					$ 545
Corporate press releases and consulting services	$ 5,760	$ 3,730	$ 9,439	$ 3,730

Brand License (Narrative) (Deta

Brand License (Narrative) (Details) - Dec. 29, 2014 - USD ($)	Total
Number of common stock ssued for Brand License acquisition	725,000
Brand License [Member]
Number of common stock ssued for Brand License acquisition	752,000
Share issued for acquisition of Brand license, value	$ 6,805,600
Brand license useful life	25 years
Brand license expiry date	December 31, 2042
Brand license terms expected comment year	2,018
Brand license amortization period	25 years

Commitments (Narrative) (Detail

Commitments (Narrative) (Details)	Oct. 09, 2014
Product Reseller Agreement With WTFSKF [Member]
Other Commitments [Line Items]
Product reseller agreement terms	Under the Product Reseller Agreement, WTFSKF has committed to order a minimum of 1,500,000 units of the IFLOR Device - Standard Version from January 1, 2017, through December 31, 2019, pursuant to annual purchase orders.