HPIL Holding (HPIL) 10-Q 21 Oct 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Oct. 21, 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	Sep. 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		57,523,000
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,015

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Interim Balance Sheets - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Current Assets:
Cash	$ 30,144	$ 445,069
Inventory	44,480
Advances to related parties (note 5)	$ 183,605
Prepaid expenses (note 5)		$ 17,221
Total current assets	$ 258,229	462,290
Equipment	299,765	299,765
Investment in unconsolidated affiliate (note 3)	5,453	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	$ 7,110,819	7,363,045
Total assets	7,369,048	7,825,335
Current Liabilities:
Accounts payable and accrued expenses	29,250	43,635
Total current liabilities	$ 29,250	$ 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 September 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 September 30, 2015 and December 31, 2014.
Common stock par value $0.0001; 400,000,000 shares authorized; 57,523,000 and 57,698,000 issued and outstanding at September 30, 2015 and December 31, 2014, respectively. (note 3)	$ 5,752	$ 5,770
Additional paid-in capital	10,139,581	10,314,563
Accumulated deficit	(2,805,535)	(2,538,633)
Total Stockholders' Equity	7,339,798	7,781,700
Total Liabilities and Stockholders' Equity	$ 7,369,048	$ 7,825,335
Preferred Stock, Series 1, Class P-1 [Member]
Stockholders Equity
Preferred stock, series 1, class P-1 par value $8.75; 25,000,000 shares authorized; Nil issued and outstanding at September 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 September 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 September 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 September 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	Sep. 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	57,523,000	57,698,000
Common stock, shares outstanding	57,523,000	57,698,000
Preferred Stock, Series 1, Class P-1 [Member]
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		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Statement [Abstract]
Consulting revenue (note 4)		$ 90,000	$ 35,000	$ 120,000
Expenses:
General and administrative (note 5)	$ 58,989	$ 84,636	417,841	$ 379,780
Research & development (note 5)	$ 6,032		48,581
Equity loss in unconsolidated affiliate		$ 6,294	5,027	$ 10,059
Total expenses	$ 65,021	$ 90,930	471,449	$ 389,839
Other income (expense):
Disposition of unconsolidated affiliate (note 3)	$ 169,547		$ 169,547
Preferred dividend from beneficial conversion feature				$ 66,000
Net income (loss) available to common shareholders	$ 104,526	$ (930)	$ (266,902)	$ (335,839)
Common shares Outstanding - Basic and diluted	57,680,880	56,896,000	57,692,231	56,896,000
Net income (loss) per common shares Outstanding - Basic and diluted	$ 0.002	$ 0	$ (0.005)	$ (0.006)

Unaudited Condensed Consolidat5

Unaudited Condensed Consolidated Interim Statements Of Cash Flows - USD ($)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
OPERATING ACTIVITIES:
Net loss	$ (266,902)	$ (335,839)
Adjustment for non-cash item:
Equity loss from unconsolidated affiliate	5,027	$ 10,059
Disposition of unconsolidated affiliate	$ 169,547
Preferred dividend from beneficial conversion feature		$ 66,000
Adjustments for changes in working capital:
Inventory	$ 44,480
Advances settled in exchange for inventory	(58,141)
Prepaid expenses	(17,221)	$ 10,000
Accounts payable and accrued expenses	(14,385)	(48,965)
NET CASH USED IN OPERATING ACTIVITIES	$ (414,925)	(318,745)
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	$ (414,925)	15,200
CASH - BEGINNING OF PERIOD	445,069	401,723
CASH - END OF PERIOD	30,144	$ 416,923
HPIL Holding shares received as consideration in disposition of interest in unconsolidated affiliate	$ 175,000

Nature Of Business, Basis Of Pr

Nature Of Business, Basis Of Presentation And Going Concern	9 Months Ended
	Sep. 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” or the “Company”) (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. The Company does not expect the merger to materially affect the 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 September 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	9 Months Ended
	Sep. 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 equity method of accounting, as prescribed by ASC Topic 323 “Investments – Equity Method and Joint Ventures”, is used when a company is able to exercise significant influence over the entity’s operations, which generally occurs when a company has an ownership interest of between 20% and 50% in an entity. The cost method of accounting is used when a company does not exercise significant influence, generally when a company has an ownership interest of less than 20%. As of September 17, 2015, the Company’s 32% investment in Haesler Real Estate Management SA (“HREM”) was accounted for under the equity method of accounting. As of September 17, 2015, the carrying amount of the investment was equal to the Company’s equity interest of the carrying amount of the net assets of HREM. On September 17, 2015, the Company entered into an Amendment Agreement (“Amendment Agreement”) with Daniel Haesler (“Haesler”), pursuant to which the Company agreed to return 16% of the outstanding ownership in HREM. As a result of the closing of the Amendment Agreement, the Company’s ownership in HREM was reduced from 32% of the outstanding ownership of HREM to 16% of the outstanding ownership of HREM. Starting from September 17, 2015, the Company utilizes the cost method of accounting due to the fact that HREM is a private company and it is therefore not practicable to estimate the fair value of the investment. 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 September 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 September 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 Income (Loss) Per Share Basic income (loss) per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of shares of common stock outstanding for the period. Diluted income (loss) per share is computed by dividing net income (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 its 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 its consolidated financial statements. In February 2015, the FASB issued ASU No. 2015-02, 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 its consolidated financial statements. In July 2015, the FASB issued Accounting Standards Update (ASU) No. 2015-11, Inventory: Simplifying the Measurement of Inventory. This new standard was issued to more closely align the measurement of inventory in U.S. GAAP with the measurement of inventory in International Financial Reporting Standards. The core principle of this updated guidance is that an entity should measure inventory at the lower of cost or net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. The amendments in ASU 2015-11 apply to inventory that is measured using the first-in, first-out or average cost methods. ASU 2015-11 amends some of the guidance to more clearly articulate the requirements for the measurement and disclosure of inventory, but the clarifications are not intended to result in any changes in practice other than the change in the subsequent measurement guidance from the lower of costs or market to the lower of costs or net realizable value for inventory. This standard is effective for the first interim period within annual reporting periods beginning after December 15, 2016. Company is currently evaluating the impact of the new standard on its consolidated financial statements. None of the other recently issued accounting pronouncements are expected to significantly affect the Company.

Capital Stock

Capital Stock	9 Months Ended
	Sep. 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). On October 26, 2012, the Company entered into a Quota Purchase Agreement with Haesler, pursuant to which the Company acquired from Haesler 32 quotas of HREM representing 32% of the outstanding ownership in HREM, in exchange for 350,000 shares of common stock of the Company, which was valued at $297,500 at the time of the Quota Purchase Agreement. On September 17, 2015, the Company and Haesler entered into an Amendment Agreement, pursuant to which the Company agreed to return to Haesler 16 quotas of HREM, representing 16% of the outstanding ownership in HREM. In exchange for the 16 quotas of HREM, Haesler agreed to return to the Company 175,000 shares of common stock of the Company, which was valued at $175,000 at the time of the Amendment Agreement, based on the trading price of the Company’s stock on September 17, 2015. On September 17, 2015, the Company returned the quotas to Haesler, and on September 22, 2015, Haesler returned the common stock of the Company to the treasury of the Company. As a result of the closing of the Amendment Agreement, the Company’s ownership in HREM was reduced from 32% of the outstanding ownership of HREM to 16% of the outstanding ownership of HREM. The Company recorded a gain of $169,547 on the disposition of its 16% ownership in HREM included in profit or loss.

Revenue

Revenue	9 Months Ended
	Sep. 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	9 Months Ended
	Sep. 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 nine months ended September 30, 2015, and $24,194 for the nine months ended September 30, 2014. HPIL HEALTHCARE Inc. made equipment purchases from MB Ingenia totaling $Nil for the three months ended September 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 to MB Ingenia of $183,605 as of September 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 asset as at September 30, 2015 and will be settled upon delivery of the IFLOR Device - Standard Version units, which is expected to occur within the next 9 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 nine months ended September 30, 2015, $Nil and $58,141, respectively of the advance was settled upon delivery of IFLOR Device - Standard Version 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 nine months ended September 30, 2015 and 2014, the Company incurred expenses of $33,909 and $37,043, respectively, in relation to these services. For the three months ended September 30, 2015 and 2014, the Company incurred expenses of $6,680 and $12,133, respectively, in relation to these services. For the nine months ended September 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 September 30, 2015, and 2014 the Company incurred reimbursements for handling and storage expense of $Nil in relation to these services provided by MB Ingenia to HPIL HEALHCARE Inc. which are included in general and administrative expense. For the nine months ended September 30, 2015, and 2014 the Company incurred research and developments costs of $23,576 and $Nil, respectively, in relation to these services provided by MB Ingenia to HPIL HEALHCARE Inc. For the three months ended September 30, 2015, and 2014 the Company incurred in research and developments costs of $6,032 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. Although the consulting agreement expired, Amersey continues to provide office space, office identity and assist the Company with corporate, financial, administrative and management records on the same terms. For the nine months ended September 30, 2015 and 2014, the Company incurred expenses of $35,000 and $45,000, respectively, in relation to these services. For the three months ended September 30, 2015 and 2014, the Company incurred expenses of $5,000 and $15,000, respectively, in relation to these services, which are included in general and administrative expense. 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 nine months ended September 30, 2015 and 2014, the Company incurred expenses of $10,127 and $5,328, respectively, in relation to these services. For the three months ended September 30, 2015 and 2014, the Company incurred expenses of $1,739 and $2,181, respectively, in relation to these services which are included in general and administrative expense. As at September 30, 2015, and December 31, 2014, $Nil and $1,700, respectively, are recorded as prepaid expenses in the unaudited condensed consolidated interim balance sheets. 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 nine months ended September 30, 2015 and 2014, the Company incurred expenses of $5,585 and $8,830, respectively, in relation to these services. For the three months ended September 30, 2015 and 2014, the Company incurred expenses of $150 and $1,220, respectively, in relation to these services, which are included in general and administrative expense. 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 nine months September 30, 2015 and 2014, the Company incurred expenses of $9,439 and $5,395, respectively, in relation to these services. For the three months September 30, 2015 and 2014, the Company incurred expenses of $Nil and $1,665, respectively, in relation to these services, which are included in general and administrative expense. As at September 30, 2015, and December 31, 2014, $Nil and $545, respectively, are recorded as prepaid expenses in the unaudited condensed consolidated interim balance sheets.

Brand License

Brand License	9 Months Ended
	Sep. 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 September 30, 2015, as the Brand License Agreement does not commence until 2018.

Commitments

Commitments	9 Months Ended
	Sep. 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)	9 Months Ended
	Sep. 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 equity method of accounting, as prescribed by ASC Topic 323 “Investments – Equity Method and Joint Ventures”, is used when a company is able to exercise significant influence over the entity’s operations, which generally occurs when a company has an ownership interest of between 20% and 50% in an entity. The cost method of accounting is used when a company does not exercise significant influence, generally when a company has an ownership interest of less than 20%. As of September 17, 2015, the Company’s 32% investment in Haesler Real Estate Management SA (“HREM”) was accounted for under the equity method of accounting. As of September 17, 2015, the carrying amount of the investment was equal to the Company’s equity interest of the carrying amount of the net assets of HREM. On September 17, 2015, the Company entered into an Amendment Agreement (“Amendment Agreement”) with Daniel Haesler (“Haesler”), pursuant to which the Company agreed to return 16% of the outstanding ownership in HREM. As a result of the closing of the Amendment Agreement, the Company’s ownership in HREM was reduced from 32% of the outstanding ownership of HREM to 16% of the outstanding ownership of HREM. Starting from September 17, 2015, the Company utilizes the cost method of accounting due to the fact that HREM is a private company and it is therefore not practicable to estimate the fair value of the investment.
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 September 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 September 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 Income (Loss) Per Share	Net Income (Loss) Per Share Basic income (loss) per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of shares of common stock outstanding for the period. Diluted income (loss) per share is computed by dividing net income (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 its 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 its consolidated financial statements. In February 2015, the FASB issued ASU No. 2015-02, 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 its consolidated financial statements. In July 2015, the FASB issued Accounting Standards Update (ASU) No. 2015-11, Inventory: Simplifying the Measurement of Inventory. This new standard was issued to more closely align the measurement of inventory in U.S. GAAP with the measurement of inventory in International Financial Reporting Standards. The core principle of this updated guidance is that an entity should measure inventory at the lower of cost or net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. The amendments in ASU 2015-11 apply to inventory that is measured using the first-in, first-out or average cost methods. ASU 2015-11 amends some of the guidance to more clearly articulate the requirements for the measurement and disclosure of inventory, but the clarifications are not intended to result in any changes in practice other than the change in the subsequent measurement guidance from the lower of costs or market to the lower of costs or net realizable value for inventory. This standard is effective for the first interim period within annual reporting periods beginning after December 15, 2016. Company is currently evaluating the impact of the new standard on its consolidated financial statements. None of the other recently issued accounting pronouncements are expected to significantly affect the Company.

Nature Of Business Basis Of Pre

Nature Of Business Basis Of Presentation And Going Concern (Narrative) (Details)	May. 28, 2015	Sep. 10, 2012	Oct. 07, 2009
Nature Of Business Basis Of Presentation And Going Concern Narrative Details
Number of inactive subsidiaries			3
Number of subsidiaries newly organized		6
Number of subsidiaries merged as per plan of merger	6

Signficant Accounting Policies

Signficant Accounting Policies (Narrative) (Details)	9 Months Ended
	Sep. 30, 2015
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 a company does not exercise significant influence, generally when a company has an ownership interest of less than 20%.
Minimum [Member] | Molds and Designs [Member]
Estimated useful lives	5 years
Maximum [Member] | Molds and Designs [Member]
Estimated useful lives	10 years

Capital Stock (Narrative) (Deta

Capital Stock (Narrative) (Details) - USD ($)	Sep. 17, 2015	Dec. 29, 2014	Dec. 15, 2014	Jun. 24, 2014	Oct. 26, 2012	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Preferred dividend from beneficial conversion feature									$ 66,000
Proceeds from issuance of preferred stock									$ 349,975
Gain on disposition of ownership in HREM						$ 169,547		$ 169,547
Common Stock [Member]
Number of common shares issued in conversion										50,000
Preferred Stock, Series 1, Class P-2 [Member]
Number of preferred shares converted										50,000
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
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
Brand License Agreement - World Traditional Fudokan Shotokan Karate-Do Federation (WTFSKF) [Member]
Percentage of license fee equal to net selling price of licensed product		5.00%
Brand License Agreement - World Traditional Fudokan Shotokan Karate-Do Federation (WTFSKF) [Member] | Common Stock [Member]
Number of shares of common stock issued for Brand License		752,000
Quota Purchase Agreement | Equity Method Investee - Haesler Real Estate Management [Member]
Quotas acquired under equity method investment					32 quotas
Percentage of equity ownership interest					32.00%
Purchase of shares under equity method investment, shares					350,000
Purchase of shares under equity method investment, value					$ 297,500
Quota Purchase Amendment Agreement [Member] | Equity Method Investee - Haesler Real Estate Management [Member]
Quotas returned under amendment agreement	16 quotas
Amendment agreement description	On September 17, 2015, the Company and Haesler entered into an Amendment Agreement, pursuant to which the Company agreed to return to Haesler 16 quotas of HREM, representing 16% of the outstanding ownership in HREM. As a result of the closing of the Amendment Agreement, the Company’s ownership in HREM was reduced from 32% of the outstanding ownership of HREM to 16% of the outstanding ownership of HREM.
Shares returned by Haesler under amendment agreement, shares	175,000
Shares returned by Haesler under amendment agreement, value	$ 175,000
Gain on disposition of ownership in HREM	$ 169,547

Revenue (Narrative) (Details)

Revenue (Narrative) (Details) - USD ($)	Dec. 05, 2014	Jun. 10, 2014
HPIL Energytech Inc [Member] | O.R.C. Consulting Agreement With O.R.C. SRL [Member]
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
HPIL Globalcom Inc [Member] | ET Consulting Agreement with Ecology Transport SRL [Member]
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		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2015	Dec. 31, 2014
Advances to related parties classified as current	$ 183,605		$ 183,605
Advances to related parties classified as non current						$ 241,746
Research and development expense	$ 6,032		$ 48,581
Prepaid expenses						17,221
Mr. Bertoli Brother - President and CEO of MB Ingenia
Equipment purchases				$ 24,194
Advances to related parties classified as current	$ 183,605		$ 183,605
Advances to related parties classified as non current						241,746
Advances settled in exchange for inventory			58,141
Services and office space	$ 6,680	$ 12,133	33,909	$ 37,043
Handling and storage expenses			8,158
Research and development expense	$ 6,032		23,576
Amersey Investments LLC - Company Controlled By Nitin Amersey, Director and CFO | Consulting Agreement with Amersey Investments LLC
Office space, office identity and other services	$ 5,000	$ 15,000	$ 35,000	$ 45,000
Mr. Amersey - Control Person Of Bay City Transfer Agency & Registrar Inc. (BCTAR)
Prepaid expenses						$ 1,700
Stock transfer and corporate services	$ 1,739	2,181	$ 10,127	5,328
Amersey - A Control Person in Freeland Venture Resources LLC
Edgar filings and consulting services	$ 150	1,220	$ 5,585	8,830
Cheerful Services International Inc - Owned By Mr. Amersey Children
Prepaid expenses					$ 545
Corporate press releases and consulting services		$ 1,665	$ 9,439	$ 5,395

Brand License (Narrative) (Deta

Brand License (Narrative) (Details) - Brand License Agreement - World Traditional Fudokan Shotokan Karate-Do Federation (WTFSKF) [Member] - Brand License [Member]	Dec. 29, 2014USD ($)shares
Brand license terms expected beginning year	2,018
Number of common stock issued for Brand License acquisition | shares	752,000
Share issued for acquisition of Brand license, value	$ 6,805,600
Brand license agreement terms	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.
Brand license useful life	25 years
Brand license expiry date	December 31, 2042
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	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.