Document_And_Entity_Informatio
Document And Entity Information (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Apr. 11, 2014 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'Ecolocap Solutions Inc. | ' |
Document Type | '10-K | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Common Stock, Shares Outstanding | ' | 6,865,010,372 |
Entity Public Float | ' | $559,483 |
Amendment Flag | 'true | ' |
Amendment Description | 'The purpose of this Amendment to the Registrant's Annual Report on Form 10-K for the year ended December 31, 2013 is to furnish the Interactive Data File exhibits pursuant to Rule 405 of Regulation S-T. The audit opinion has also been added to the report. No other changes have been made to this Form 10-K and this Amendment has not been updated to reflect events occurring subsequent to the filing of this Form 10-K. | ' |
Entity Central Index Key | '0001290506 | ' |
Entity Current Reporting Status | 'Yes | ' |
Entity Voluntary Filers | 'No | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Well-known Seasoned Issuer | 'No | ' |
Document Period End Date | 31-Dec-13 | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'FY | ' |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
CURRENT ASSETS | ' | ' |
Cash | $1,237 | $6,910 |
Note Receivable | 197,037 | ' |
Prepaid expenses and sundry current assets | 19,944 | ' |
TOTAL CURRENT ASSETS | 218,218 | 6,910 |
PROPERTY AND EQUIPMENT, AT COST, LESS ACCUMULATED DEPRECIATION | ' | 373,929 |
TOTAL ASSETS | 218,218 | 380,839 |
CURRENT LIABILITIES: | ' | ' |
Customer deposits | 175,000 | 175,000 |
Notes payable | 539,335 | 551,549 |
Notes payable-stockholders | 1,056,859 | 791,144 |
Derivative liabilities | 1,589,616 | 723,437 |
Accrued expenses and sundry current liabilities related party | 32,352 | 12,829 |
Accrued expenses and sundry current liabilities | 943,644 | 874,654 |
TOTAL CURRENT LIABILITIES | 4,336,806 | 3,128,613 |
10,000,000,000 shares authorized, par value $0.00001, 2,874,786,512 and 372,410,782 shares, respectively issued and outstanding | 28,748 | 3,724 |
Additional paid in capital | 35,427,919 | 34,799,550 |
Accumulated Deficit | -25,059,593 | -25,059,593 |
Deficit accumulated during development stage | -18,250,465 | -16,725,170 |
TOTAL STOCKHOLDERS’ DEFICIENCY- Ecolocap Solutions, Inc. | -7,853,391 | -6,981,489 |
Less Non-controlling interest | 3,734,803 | 4,233,715 |
TOTAL STOCKHOLDERS’ DEFICIENCY | -4,118,588 | -2,747,774 |
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIENCY | $218,218 | $380,839 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parentheticals) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Shares authorized | 10,000,000,000 | 1,000,000,000 |
Shares par value (in Dollars per share) | $0.00 | $0.00 |
Shares issued | 2,874,786,512 | 372,410,782 |
Shares outstanding | 2,874,786,512 | 372,410,782 |
Consolidated_Statements_of_Sto
Consolidated Statements of Stockholders Deficiency (USD $) | 12 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2009 | Dec. 31, 2008 | Dec. 31, 2007 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2009 | Dec. 31, 2008 | Dec. 31, 2007 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2009 | Dec. 31, 2008 | Dec. 31, 2007 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2009 | Dec. 31, 2008 | Dec. 31, 2007 | Dec. 31, 2006 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2009 | Dec. 31, 2008 | Dec. 31, 2007 | Dec. 31, 2007 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2009 | Dec. 31, 2008 | Dec. 31, 2007 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2009 | |
Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Additional Paid-in Capital [Member] | Additional Paid-in Capital [Member] | Additional Paid-in Capital [Member] | Additional Paid-in Capital [Member] | Additional Paid-in Capital [Member] | Additional Paid-in Capital [Member] | Additional Paid-in Capital [Member] | Accumulated Deficit | Accumulated Deficit | Accumulated Deficit | Accumulated Deficit | Accumulated Deficit | Accumulated Deficit | Accumulated Deficit | Accumulated Deficit | Accumulated Deficit during Development Stage [Member] | Accumulated Deficit during Development Stage [Member] | Accumulated Deficit during Development Stage [Member] | Accumulated Deficit during Development Stage [Member] | Accumulated Deficit during Development Stage [Member] | Accumulated Deficit during Development Stage [Member] | Accumulated Deficit during Development Stage [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Subtotal | Subtotal | Subtotal | Subtotal | Subtotal | Subtotal | Subtotal | Subtotal | Noncontrolling Interest [Member] | Noncontrolling Interest [Member] | Noncontrolling Interest [Member] | Noncontrolling Interest [Member] | Noncontrolling Interest [Member] | ||||||||
Balance at year ended, value | ($6,981,489) | ($1,870,774) | $4,094,319 | $11,409,717 | ($837,426) | ($2,949,932) | ($11,412,273) | $3,724 | $1,990 | ' | $1,205 | $1,628 | $1,067 | $985 | $975 | ' | ' | ' | ' | ' | ' | ' | ' | ($25,059,593) | ($25,059,593) | ($25,059,593) | ($25,059,593) | ($25,059,593) | ($25,059,593) | ($25,059,593) | ($25,059,593) | ($16,725,170) | ($15,447,631) | ($7,929,788) | $460,412 | $1,367,463 | $6,306,507 | ' | $220,463 | ($6,981,489) | ($6,370,581) | ' | ($1,018,475) | $5,835,523 | ($837,426) | ($2,949,932) | ($11,412,273) | $4,233,715 | $4,499,807 | $5,112,794 | $5,574,194 | ' |
Balance at year ended, shares (in Shares) | 2,874,786,512 | 372,410,782 | ' | ' | ' | ' | ' | 2,874,786,512 | 372,410,782 | 199,033,379 | 199,033,379 | 120,511,092 | 99,924,662 | 43,813,739 | 34,578,268 | 35,427,919 | 34,799,550 | 34,134,653 | 34,134,653 | 31,969,701 | 30,433,075 | 22,853,636 | 13,425,882 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares issued following acquisition | ' | ' | ' | ' | 7,172,000 | ' | ' | ' | ' | ' | ' | ' | 540 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,172,000 | ' | ' | ' | ' | ' | ' | ' |
Shares issued following acquisition (in Shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 54,000,000 | ' | ' | ' | ' | ' | ' | ' | 7,171,460 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares issued for services, value | 13,576 | 99,337 | ' | 92,500 | 268,000 | 3,839,000 | ' | 151 | 94 | 95 | ' | 8 | 17 | 45 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 13,576 | 99,337 | 214,079 | ' | 92,500 | 268,000 | 3,839,000 | ' | ' | ' | ' | ' | ' |
Shares issued for services, shares (in Shares) | ' | ' | ' | ' | ' | ' | ' | 15,083,117 | 9,363,781 | 9,456,414 | ' | 825,000 | 1,650,000 | 4,500,000 | ' | 13,425 | 99,243 | 213,984 | ' | 92,492 | 267,984 | 3,838,955 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Non-controlling interest pursuant to acquisition(see Note 2) | ' | ' | ' | ' | 5,643,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,643,000 |
Shares issued following exercise of stock options | ' | ' | ' | ' | ' | 250 | ' | ' | ' | ' | ' | ' | ' | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 250 | ' | ' | ' | ' | ' | ' |
Shares issued following exercise of stock options (in Shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25,000 | ' | ' | ' | ' | ' | ' | ' | 249 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from the issuance of common stock, value | ' | ' | 68,158 | 218,000 | 140,000 | 75,000 | 1,003,400 | ' | ' | ' | 16 | 44 | 5 | 2 | 10 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 68,158 | 218,000 | ' | 75,000 | 1,003,400 | ' | ' | ' | ' | ' |
Proceeds from the issuance of common stock, shares (in Shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,657,895 | 4,362,154 | 460,923 | 250,000 | 990,000 | ' | ' | ' | 68,142 | 217,956 | 139,995 | 74,998 | 1,003,390 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Imputed interest on non-interest bearing stockholders loans, value | 41,283 | 27,774 | 16,848 | 6,116 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 41,283 | 27,774 | ' | 16,848 | 6,116 | ' | ' | ' | ' | ' | ' | ' | ' |
Imputed interest on non-interest bearing stockholders loans, shares (in Shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 41,283 | 27,774 | ' | 16,848 | 6,116 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares issued for settlement of a debt, value | 598,534 | 539,520 | 1,866,652 | 1,219,586 | ' | 3,137,300 | ' | 24,873 | 1,640 | ' | 674 | 84 | ' | 35 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 598,534 | 539,520 | ' | 1,866,652 | 1,219,586 | ' | 3,137,300 | ' | ' | ' | ' | ' | ' |
Shares issued for settlement of a debt, shares | ' | ' | ' | ' | ' | ' | ' | 2,487,292,613 | 164,013,622 | ' | 67,407,978 | 15,399,276 | ' | 3,470,471 | ' | 573,661 | 537,880 | ' | 1,865,978 | 1,219,502 | ' | 3,137,265 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock options | ' | ' | ' | ' | ' | ' | 1,372,897 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,372,897 | ' | ' | ' | ' | ' |
Stock options (in Shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,372,897 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net Income (Loss) | -2,024,207 | -1,543,631 | -8,130,830 | -8,851,600 | -975,857 | -4,939,044 | 6,306,507 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,525,295 | -1,277,539 | -7,517,843 | -8,390,200 | -907,051 | -4,939,044 | 6,306,507 | ' | -1,525,295 | -1,277,539 | ' | -7,517,843 | -8,390,200 | -907,051 | -4,939,044 | 6,306,507 | -498,912 | -266,092 | -612,987 | -461,400 | -68,806 |
Other comprehensive Income | ' | ' | ' | ' | ' | ' | -220,463 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -220,463 | ' | ' | ' | ' | ' | ' | ' | -220,463 | ' | ' | ' | ' | ' |
Balance at year ended, value | ($7,853,391) | ($6,981,489) | ($1,870,774) | $4,094,319 | $11,409,717 | ($837,426) | ($2,949,932) | $28,748 | $3,724 | $1,990 | $1,990 | $1,205 | $1,628 | $1,067 | $985 | ' | ' | ' | ' | ' | ' | ' | ' | ($25,059,593) | ($25,059,593) | ($25,059,593) | ($25,059,593) | ($25,059,593) | ($25,059,593) | ($25,059,593) | ($25,059,593) | ($18,250,465) | ($16,725,170) | ($15,447,631) | ($7,929,788) | $460,412 | $1,367,463 | $6,306,507 | ' | ($7,853,391) | ($6,981,489) | ($6,370,581) | ($6,370,581) | ($1,018,475) | $5,835,523 | ($837,426) | ($2,949,932) | $3,734,803 | $4,233,715 | $4,499,807 | $5,112,794 | $5,574,194 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (USD $) | 12 Months Ended | 78 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | |
SALES | ' | ' | $469,840 |
Cost of sales | ' | ' | 452,000 |
Gross Profit | ' | ' | 17,840 |
TOTAL COSTS AND EXPENSES | 2,024,207 | 1,543,631 | 20,039,308 |
Net loss from continuing operations | -2,024,207 | -1,543,631 | -20,021,468 |
Net loss from discontinued operations | ' | ' | -185,451 |
Gain on Sale of discontinued operations | ' | ' | 48,257 |
Net loss | -2,024,207 | -1,543,631 | -20,158,662 |
Ecolocap Solutions Inc. | -2,024,207 | -1,543,631 | -18,250,465 |
Non-controlling interest | -498,912 | -266,092 | -1,908,197 |
Continuing operations (in Dollars per share) | $0 | ($0.01) | ' |
(in Shares) | 0 | -0.01 | ' |
Average weighted Number of Shares Outstanding (in Shares) | 1,141,204,704 | 288,861,328 | ' |
Selling, general and administrative | 689,381 | 1,032,094 | 4,896,820 |
Depreciation and amortization | 71,180 | 73,290 | 991,976 |
Research and development | 0 | 300,000 | 1,360,278 |
Gain on settlement debts-foreign Subsidiary | ' | ' | -8,013,125 |
Gain on sale of equipment | ' | -209,214 | -209,214 |
Impairment Loss Fixed Assets | 302,750 | ' | 302,750 |
Impairment Loss Intangible Assets | 302,750 | ' | 5,499,842 |
Impairment Loss Goodwill | ' | ' | 7,008,721 |
Compensation expense (gain) | -116,925 | -55,280 | 28,201 |
Stock Based compensation | ' | ' | 5,211,897 |
Debt conversion inducement expense | ' | ' | 820,297 |
Compensation for services | ' | ' | 258,000 |
Gain on derivatives liabilities at market | -1,418,972 | -242,646 | -1,661,618 |
Payments received under Standstill Agreement | ' | -200,000 | -200,000 |
Interest expense-related party | 73,635 | 40,603 | 114,238 |
Interest expense | 2,445,193 | 804,795 | 3,815,709 |
Interest income | -22,037 | ' | -22,037 |
Foreign exchange loss (gain) | $2 | ($11) | ($163,427) |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | 84 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | |
Net loss | ($2,024,207) | ($1,543,631) | ($20,158,662) |
Depreciation and amortization | 71,180 | 73,290 | 991,977 |
Imputed interest of shareholders loans | 41,283 | 27,774 | 92,021 |
Impairment loss fixed assets | 302,750 | ' | 302,750 |
Impairment loss intangible assets | ' | ' | 5,499,842 |
Impairment loss goodwill | ' | ' | 7,008,721 |
Gain on sale of equipment | ' | 209,214 | -209,214 |
Compensation (gain) expense | -116,925 | -55,280 | 28,201 |
Debt conversion inducement expense | ' | ' | 820,297 |
Issuance of common stock for services | 13,576 | 99,337 | 3,269,600 |
Stock based compensation | ' | ' | 5,211,897 |
Interest loans conversion | ' | 46,194 | 46,194 |
Gain on derivatives liabilities at market | -1,418,972 | -242,646 | -1,661,618 |
Interest expense on derivatives | 2,140,875 | 685,517 | 2,826,392 |
Unrealized foreign exchange | ' | ' | -220,463 |
Prepaid expenses and sundry current assets | -19,944 | 4,863 | 21,401 |
Deposit on machinery | ' | 175,000 | 545,400 |
Customer deposit | ' | -323,772 | -279,940 |
Accrued expenses and sundry current liabilities | 249,479 | -38,801 | -1,750,497 |
Net cash provided by (used in) operating activities | -774,481 | -1,400,706 | 2,384,299 |
Disposition of property and equipment | ' | 330,000 | 359,352 |
Cash acquired during acquisition | ' | ' | 38,115 |
Acquisitions of property and equipment | ' | -175,000 | -695,355 |
Net cash provided by (used in) investing activities | ' | 155,000 | -297,888 |
Note receivable | -197,037 | ' | -197,037 |
Stock payable | ' | ' | -1,000,000 |
Issuance of common stock | ' | ' | 471,010 |
Sale of common stock | ' | ' | 1,003,400 |
Proceeds of loans payable | 527,800 | 654,500 | 1,333,890 |
Proceeds of loans from shareholder | 438,045 | 595,634 | -3,825,044 |
Net cash provided by (used in) financing activities | 768,808 | 1,250,134 | -2,213,781 |
Increase (decrease) in cash | -5,673 | 4,428 | -127,370 |
Cash- beginning of year | 6,910 | 2,482 | 128,607 |
Cash - end of year | 1,237 | 6,910 | 1,237 |
Conversion of debt to Equity | ' | ' | 820,297 |
Conversion of current liabilities to common stock | 160,966 | ' | 160,966 |
Conversion of notes payable to common stock | 280,230 | ' | 280,230 |
Debt discount in notes payable | 259,784 | ' | 259,784 |
Conversion of notes payable stockholders to common stock | 287,838 | ' | 287,838 |
Debt discount in notes payable stockholders | -115,508 | ' | -115,508 |
Interest loans conversion | ' | $46,194 | ' |
NOTE_1_NATURE_OF_BUSINESS
NOTE 1 - NATURE OF BUSINESS | 12 Months Ended |
Dec. 31, 2013 | |
Nature of Operations [Abstract] | ' |
Nature of Operations [Text Block] | ' |
NOTE 1 – NATURE OF BUSINESS | |
The Company was an active business from 2005 through 2006 and was involved in the artificial sport surface. From 2007 through September 2010, the Company was looking for new business and commenced the Carbon Credits (CER’S) business. In the 2009, the Company acquired a participation in Micro Bubble Technologies Inc. and became an integrated and complementary network of environmentally focused technology company. The Company currently has operations but limited revenues and, in accordance with the relevant authoritive guidance is considered a Development Stage Enterprise. As a development stage enterprise, the Company discloses the deficit accumulated during the development stage and the cumulative statements of operations and cash flows from January 1, 2007 to the current balance sheet date. | |
EcoloCap Solutions Inc. is an integrated and complementary network of environmentally focused technology companies that utilize advanced nanotechnology to design, develop and sell cleaner alternative energy products. We bring together the technology, engineering, and operational management for the successful development of environmentally significant products and projects. Our business approach combines science, innovation, and market-ready solutions to achieve environmentally sustainable and economically advantageous, power and energy management practices in the following areas: | |
MBT M-Fuel | |
EcoloCap Solutions Inc., through its subsidiary Micro Bubble Technologies Inc. (MBT), developed M-Fuel, an innovative suspension fuel that far exceeds all conventional fuels’ costs and efficiencies. This environmentally-friendly and economical product is designed to offer fully scalable and customizable fuel solutions that will increase efficiency, lower operating costs, and reduce emissions. M -Fuel is a suspension mixture of 60% heavy oil, 40% H plus O2 molecules, and a 0.3% stabilizing additive. The production of M-Fuel takes place in our Nano Processing Units (NPU), a self contained device that is sized for output. The NPU’s can be configured to operate in conjunction with an engine or burner to sully M-Fuel on demand, or pre-manufactured for delivery. M-Fuels unique burning process facilitates increased efficiency, resulting in reduced emissions by 60%, reduced fuel consumption by 40%, and cut costs by up to 25%. | |
MBT -Batteries | |
EcoloCap Solutions Inc., through its subsidiary Micro Bubble Technologies Inc. (MBT), developed the Carbon Nano Tube Battery (CNT-Battery), a fully recyclable, rechargeable battery that far exceeds the performance capabilities of any existing battery on the market at this time. This environmentally-friendly and economical product is designed to offer fully scalable and customizable power solutions that will increase efficiency, lower operating costs, and reduce emissions. Our proprietary technology modifies the fabrication of lead acid batteries by applying a highly-conductive carbon nano tube coating to the anode and cathode cells. As a result, conductive surface area is increased by a factor of billions and electricity is carried out more efficiently. The CNT-Battery’s advanced technology demonstrates eight times the reserve capacity of traditional lead acid batteries, two and a half times the energy density of lithium-ion batteries, and a recharge time of just five minutes; all at a fraction of the cost of lithium-ion batteries. | |
NOTE_2_SUMMARY_OF_SIGNIFICANT_
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended | ||
Dec. 31, 2013 | |||
Accounting Policies [Abstract] | ' | ||
Significant Accounting Policies [Text Block] | ' | ||
NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |||
PRINCIPLES OF CONSOLIDATION | |||
The consolidated financial statements include the accounts of the Company and its subsidiary Micro Bubble Technologies Inc. (see Note 15). All significant inter-company accounts and transactions have been eliminated. | |||
CASH | |||
The Company maintains cash balances at various financial institutions. Accounts at each institution are insured by the Federal Deposit Insurance Corporation up to $250,000. The Company’s accounts at these institutions may, at times, exceed the federally insured limits. The Company has not experienced any losses in such accounts. | |||
FAIR VALUE OF FINANCIAL INSTRUMENTS | |||
The Company adopted the provisions of ASC Topic 820, “Fair Value Measurements and Disclosures”, which defines fair value as used in numerous accounting pronouncements, establishes a framework for measuring fair value and expands disclosure of fair value measurements. | |||
The estimated fair value of certain financial instruments, including cash and cash equivalents, deposits, prepaid expenses, notes payable, and accrued expenses are carried at historical cost basis, which approximates their fair values because of the short-term nature of these instruments. | |||
MC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. MC 820 describes three levels of inputs that may be used to measure fair value: | |||
- | level l - quoted prices in active markets for Identical assets or liabilities | ||
- | level 2 - quoted prices for similar assets and liabilities in active markets or inputs that are observable | ||
- | level 3 - inputs that are unobservable (for example cash flow modeling inputs based on assumptions) | ||
The carrying amounts of cash, accounts payable, and accrued liabilities approximate fair value due to the short-term nature of these instruments. The carrying amounts of our short term credit obligations approximate fair value because the effective yields on these obligations, which include contractual interest rates taken together with other features such as concurrent issuance of warrants, are comparable to rates of returns for instruments of similar credit risk. | |||
INCOME TAXES | |||
We use the asset and liability method of accounting for income taxes in accordance with ASC Topic 740, “Income Taxes.” Under this method, income tax expense is recognized for the amount of: (i) taxes payable or refundable for the current year and (ii) deferred tax consequences of temporary differences resulting from matters that have been recognized in an entity’s financial statements or tax returns. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that includes the enactment date. A valuation allowance is provided to reduce the deferred tax assets reported if based on the weight of the available positive and negative evidence, it is more likely than not some portion or all of the deferred tax assets will not be realized. | |||
ASC Topic 740.10.30 clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740.10.40 provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. We have no material uncertain tax positions for any of the reporting periods presented. | |||
USE OF ESTIMATES | |||
In preparing financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheet and revenue and expenses in the income statement. Actual results could differ from those estimates. | |||
REVENUE RECOGNITION | |||
The Company’s business plan is to sell machinery used to prepare M-fuel. The machinery is manufactured for the Company by a third-party in Korea. Revenue is recognized when the following conditions are satisfied: | |||
i) | persuasive evidence that an agreement exists; | ||
ii) | the risks and rewards of ownership pass to the purchaser including delivery of the product; | ||
iii) | the selling price is fixed and determinable; or, | ||
iv) | collectively is reasonably assured. | ||
CONVERTIBLE INSTRUMENTS | |||
We evaluate and account for conversion options embedded in convertible instruments in accordance with ASC 815 “Derivatives and Hedging Activities”. | |||
Applicable GAAP requires companies to bifurcate conversion options from their host instruments and account for them as free standing derivative financial instruments according to certain criteria. The criteria include circumstances in which (a) the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract, (b) the hybrid instrument that embodies both the embedded derivative instrument and the host contract is not re-measured at fair value under other GAAP with changes in fair value reported in earnings as they occur and (c) a separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument. | |||
We account for convertible instruments (when we have determined that the embedded conversion options should not be bifurcated from their host instruments) as follows: We record when necessary, discounts to convertible notes for the intrinsic value of conversion options embedded in debt instruments based upon the differences between the fair value of the underlying common stock at the commitment date of the note transaction and the effective conversion price embedded in the note. Debt discounts under these arrangements are amortized over the term of the related debt to their stated date of redemption. | |||
LOSS PER COMMON SHARE | |||
The basic net loss per common share is computed by dividing the net loss by the weighted average number of common shares outstanding. | |||
Diluted net loss per common share is computed by dividing the net loss, adjusted on an “as if converted” basis, by the weighted average number of common shares outstanding plus potential dilutive securities. | |||
STOCK BASED COMPENSATION | |||
We recognize compensation expense for stock-based compensation in accordance with ASC Topic 718. For employee stock-based awards, we calculate the fair value of the award on the date of grant using the Black-Scholes method for stock options and the quoted price of our common stock for unrestricted shares; the expense is recognized over the service period for awards expected to vest. For non-employee stock-based awards, we calculate the fair value of the award on the date of grant in the same manner as employee awards, however, the awards are revalued at the end of each reporting period and the pro rata compensation expense is adjusted accordingly until such time the nonemployee award is fully vested, at which time the total compensation recognized to date equals the fair value of the stock-based award as calculated on the measurement date, which is the date at which the award recipient’s performance is complete. The estimation of stock-based awards that will ultimately vest requires judgment, and to the extent actual results or updated estimates differ from original estimates, such amounts are recorded as a cumulative adjustment in the period estimates are revised. We consider many factors when estimating expected forfeitures, including types of awards, employee class, and historical experience. | |||
LONG-LIVED ASSETS | |||
Long-lived assets, including fixed assets, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value may not be recoverable. In reviewing for impairment, the carrying value of such assets is compared to the estimated undiscounted future cash flows expected from the use of the assets and their eventual disposition. If such cash flows are not sufficient to support the asset’s recorded value, an impairment charge is recognized to reduce the carrying value of the long-lived asset to its estimated fair value. The determination of future cash flows, as well as the estimated fair value of long-lived assets, involves significant estimates on the part of management. In order to estimate the fair value of a long-lived asset, the Company may engage a third-party to assist with the valuation. If there is a material change in economic conditions or other circumstances influencing the estimate of future cash flows or fair value, the Company could be required to recognize impairment charges in the future. | |||
Impairment: | |||
At each reporting date, the Company assesses whether there is any indication that its intangible assets, or property, plant and equipment are impaired. If any such indication exists, the Group estimates the recoverable amount of the asset and the impairment loss if any. Goodwill is tested for impairment annually or more frequently if events or changes in circumstances indicate that it might be impaired. If an asset does not generate cash flows that are independent from those of other assets or groups of assets, recoverable amount is determined for the cash-generating unit to which the asset belongs. The recoverable amount of an asset is the higher of its fair value less cost to sell and its value in use. Value in use is the present value of future cash flows from the asset or cash-generating unit discounted at a rate that reflects market interest rates adjusted for risks specific to the asset or cash- generating unit that have not been reflected in the estimation of future cash flows. If the recoverable amount of an intangible or tangible asset is less than its carrying value, an impairment loss is recognised immediately in profit or loss and the carrying value of the asset reduced by the amount of the loss. A reversal of an impairment loss on intangible assets (excluding goodwill) or property, plant and equipment is recognised as it arises provided the increased carrying value does not exceed that which it would have been had no impairment loss been recognised. Impairment losses on goodwill are not reversed. | |||
During the year ended December 31, 2013, we recorded a fixed assets impairment loss of $302,750. This impairment loss relates to our testing equipment as our management has adjusted downward the carrying value of our testing equipment because the equipment has not been generated the income over the past year. | |||
PROPERTY AND EQUIPMENT AND DEPRECIATION POLICY | |||
Property and equipment are recorded at cost. Depreciation is provided for in amounts sufficient to amortize the costs of the related assets over their estimated useful lives on the straight-line basis over the estimated useful life of the asset ranging from 3 to 7 years. | |||
RESEARCH AND DEVELOPMENT | |||
Research and development costs are charged to expense as incurred. For the year ended 2013 and 2012 the amounts charged to research and development expenses was $0 and $300,000. | |||
NOTE_3_GOING_CONCERN
NOTE 3 - GOING CONCERN | 12 Months Ended |
Dec. 31, 2013 | |
Going Concern Note [Abstract] | ' |
Going Concern Note | ' |
NOTE 3 – GOING CONCERN | |
The Company’s consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and settlement of liabilities and commitments in the normal course of business. The Company incurred a net loss of $2,024,207 for the year ended December 31, 2013.The Company has negative working capital of $4,118,588 at December 31, 2013 and a stockholders’ deficiency of $4,118,588 at December 31, 2013. These factors among others raise substantial doubt about the Company’s ability to continue as a going concern. | |
Management’s plans for the Company’s continued existence include selling additional stock and borrowing additional funds to pay overhead expenses. | |
With the opportunities created by the Batteries and M Fuel, management has begun the process of redeploying its assets, identifying business strategies that offers above average profit potential and identifying the resources necessary to successfully execute it new strategic direction. | |
Recognizing the opportunity this new market represents, the Company has developed an integrated development approach that focuses upon both existing and needed infrastructure facilities to produce substantial new value. | |
The Company’s future success is dependent upon its ability to achieve profitable operations, generate cash from operating activities and obtain additional financing. There is no assurance that the Company will be able to generate sufficient cash from operations, sell additional shares of common stock or borrow additional funds. | |
The Company’s inability to obtain additional cash could have a material adverse effect on its financial position, results of operations and its ability to continue in existence. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty. | |
NOTE4_NOTE_RECEIVABLE
NOTE-4 - NOTE RECEIVABLE | 12 Months Ended |
Dec. 31, 2013 | |
Receivables [Abstract] | ' |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | ' |
NOTE-4 - NOTE RECEIVABLE | |
On December 17, 2013, the Company signed a receivable note with a KMBT, a manufacturer of machinery, in the aggregate amount of $285,000, at an interest rate of eight percent (8%) per annum. The drawdown notes can be prepaid upon five days notice and is payable nine months following its issuance. The amount receivable from KMBT at December 31, 2013, is shown net of the remaining unearned interest of $87,963 resulting in a balance of $197,037. | |
NOTE_5_PROPERTY_EQUIPMENT
NOTE 5 - PROPERTY & EQUIPMENT | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Property, Plant and Equipment Disclosure [Text Block] | ' | ||||||||
NOTE 5 – PROPERTY & EQUIPMENT | |||||||||
31-Dec | December 31, | ||||||||
2013 | 2012 | ||||||||
Testing equipment | $ | 493,000 | $ | 493,000 | |||||
Computer equipment | 11,654 | 11,654 | |||||||
Furniture & fixtures | 12,701 | 12,701 | |||||||
$ | 517,355 | $ | 517,355 | ||||||
Less: accumulated depreciation | 214,605 | 143,426 | |||||||
Less: accumulated impairment loss | 302,750 | - | |||||||
Balance December 31, 2013 | $ | - | $ | 373,929 | |||||
NOTE_6_ACCRUED_EXPENSES_AND_SU
NOTE 6 - ACCRUED EXPENSES AND SUNDRY CURRENT LIABILITIES | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Accounts Payable and Accrued Liabilities Disclosure [Abstract] | ' | ||||||||
Accounts Payable and Accrued Liabilities Disclosure [Text Block] | ' | ||||||||
Accrued expenses consisted of the following at December 31: | |||||||||
2013 | 2012 | ||||||||
Accrued interest | $ | 103,405 | $ | 46,351 | |||||
Accrued interest-related party | 32,352 | 12,829 | |||||||
Accrued compensation | 302,861 | 201,346 | |||||||
Accounts payable | 240,000 | 268,500 | |||||||
Accrued operating expenses | 297,378 | 358,457 | |||||||
$ | 975,996 | $ | 887,483 | ||||||
NOTE_7_NOTE_PAYABLE
NOTE 7 - NOTE PAYABLE | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Note Payable [Abstract] | ' | ||||||||||||||||
Note Payable | ' | ||||||||||||||||
NOTE 7 – NOTE PAYABLE | |||||||||||||||||
During the years ended December 31, 2013 and 2012, the Company received the proceeds of various loans which are convertible at amounts ranging from 50% to 60% of the market price of the common shares of the Company at the time of conversion and bear interest at 8% per annum. The amounts received during the year ended December 31, 2013 and 2012 are $521,483 and $654,500, respectively. | |||||||||||||||||
The convertible feature of these loans, due to their potential settlement in an indeterminable number of shares of the Company’s common stock has been identified as a derivative. The derivative component is fair value at the date of issuance of the obligation and this amount is allocated between the derivative and the underlying obligation. The difference is recorded as a debt discount and amortized over the life of the debt. | |||||||||||||||||
During these same periods, other convertible debts were converted into common shares of the Company. During the year ended December 31, 2013, total loan conversions of $280,230 plus accrued interests of $22,384 were made into 1,254,144,984 shares respectively and there was no conversion in 2012. | |||||||||||||||||
A summary of the amounts outstanding as of December 31, 2013 and 2012 is as follows: | |||||||||||||||||
Loans | Debt discount | Balance | Balance | ||||||||||||||
December 31, | December 31, | ||||||||||||||||
2013 | 2013 | 2013 | 2012 | ||||||||||||||
Tonaquint | $ | 480,062 | $ | (362,735 | ) | $ | 117,327 | $ | 42,916 | ||||||||
Redwood Management, LLC | 372,992 | - | 372,992 | 496,000 | |||||||||||||
AES Capital Corp. | 24,016 | - | 24,016 | 5,133 | |||||||||||||
JMJ Financial | 25,000 | - | 25,000 | 7,500 | |||||||||||||
$ | 902,070 | $ | (362,735 | ) | $ | 539,335 | $ | 551,549 | |||||||||
NOTE_8_PAYABLE_STOCKHOLDERS
NOTE 8 - PAYABLE - STOCKHOLDERS | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Payable Stockholder [Abstract] | ' | ||||||||||||||||
Payable Stockholder | ' | ||||||||||||||||
NOTE 8 – PAYABLE – STOCKHOLDERS | |||||||||||||||||
In 2013, the Company received $266,179 in loans from stockholders. The amount owed to stockholders at December 31, 2013 is $966,638. These loans are non interest bearing but interest is being imputed at 5.00% per annum and are payable on demand. | |||||||||||||||||
In 2013, the Company paid net loans to Hanscom K. Inc. in the amount of $2,164. The amount owed to Hanscom K. Inc. at December 31, 2013 is $31,080. These loans are non-interest bearing and are payable on demand. | |||||||||||||||||
During 2013, the Company did not receive any loans from RCO Group Inc. The amount owed to RCO Group Inc. at December 31, 2013 is $28,500. These loans are non-interest bearing and are payable on demand. | |||||||||||||||||
During the years ended December 31, 2013 and 2012, the Company received the proceeds of various loans which are convertible at amounts ranging from 50% to 60% of the market price of the common shares of the Company at the time of conversion and bear interest at 8% per annum. The amounts received during the year ended December 31, 2013 and 2012 are $174,532 and $386,500, respectively. | |||||||||||||||||
The convertible feature of these loans, due to their potential settlement in an indeterminable number of shares of the Company’s common stock has been identified as a derivative. The derivative component is fair valued at the date of issuance of the obligation and this amount is allocated between the derivative and the underlying obligation. The difference is recorded as a debt discount and amortized over the life of the debt. | |||||||||||||||||
During these same periods, other convertible debts were converted into common shares of the Company. During the year ended December 31, 2013 and 2012, total loan conversions of $287,838 plus accrued interests of $8,082 and $224,446 plus accrued interests of $8,500 were made into 1,233,147,629 and 79,266,787 shares respectively. | |||||||||||||||||
A summary of the amounts outstanding as of December 31, 2013 and 2012 is as follows: | |||||||||||||||||
Loans | Debt discount | Balance | Balance | ||||||||||||||
December 31, | December 31, | ||||||||||||||||
2013 | 2013 | 2013 | 2012 | ||||||||||||||
Asher Enterprises Inc | $ | 67,400 | $ | (43,052 | ) | $ | 24,348 | $ | 39,189 | ||||||||
AGS Capital Group LLC | 19,055 | (19,055 | ) | - | 10,250 | ||||||||||||
Panache Capital LLC | 6,293 | - | 6,293 | 6,500 | |||||||||||||
Stockholders | 966,638 | - | 966,638 | 673,459 | |||||||||||||
Hanscom K. Inc. | 31,080 | - | 31,080 | 33,246 | |||||||||||||
RCO Group Inc. | 28,500 | - | 28,500 | 28,500 | |||||||||||||
$ | 1,118,966 | $ | (62,107 | ) | $ | 1,056,859 | $ | 791,144 | |||||||||
NOTE_9_DERIVATIVE_LIABILITIES
NOTE 9 - DERIVATIVE LIABILITIES | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Derivatives, Policy [Policy Text Block] [Abstract] | ' | ||||||||
Derivatives, Policy [Policy Text Block] | ' | ||||||||
NOTE 9 – DERIVATIVE LIABILITIES | |||||||||
During the years ended December 31, 2013 and 2012, the Company recorded various derivative liabilities associated with the convertible debts discussed in Notes 7 and 8. The Company computes the value of the derivative liability at the issuance of the related obligation using the Black Scholes Method using a risk free rate of 0.14%, volatility rates ranging between 228.63% and 292.00% and a forfeiture rate of 0.00%. The derivative liability at December 31, 2013 and 2012 is as follows: | |||||||||
2013 | 2012 | ||||||||
Asher Enterprises Inc | $ | 125,853 | $ | 338,822 | |||||
Tonaquint | 996,669 | 133,627 | |||||||
AES Capital Corp. | 14,350 | 34,404 | |||||||
AGS Capital Group LLC | 30,553 | 102,155 | |||||||
JMJ Financial | 42,904 | 49,868 | |||||||
Panache Capital LLC | 6,293 | 64,561 | |||||||
Redwood Management, LLC | 372,994 | - | |||||||
Total | $ | 1,589,616 | $ | 723,437 | |||||
NOTE_10_CAPITAL_STOCK
NOTE 10 - CAPITAL STOCK | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Stockholders' Equity Note [Abstract] | ' | ||||||||||||
Stockholders' Equity Note Disclosure [Text Block] | ' | ||||||||||||
NOTE 10 – CAPITAL STOCK | |||||||||||||
The Company is authorized to issue 10,000,000,000 shares of common stock (par value $0.0001) of which 2,874,786,512 were issued and outstanding as of December 31, 2013. | |||||||||||||
During 2013, the following convertible debt owners converted loans plus accrued interests into common shares of the Company | |||||||||||||
Loans | Interests | Common shares | |||||||||||
converted | converted | Of the Company | |||||||||||
Asher Enterprises Inc (note 8) | $ | 182,100 | $ | 7,600 | $ | 980,849,505 | |||||||
Tonaquint (note 7) | 125,572 | 19,074 | 810,853,139 | ||||||||||
AES Capital Corp. (note 7) | 6,650 | 133,000,000 | |||||||||||
AGS Capital Group LLC (note 8) | 71,123 | 482 | 216,298,124 | ||||||||||
JMJ Financial (note 7) | 25,000 | 3,310 | 79,000,000 | ||||||||||
Panache Capital LLC (note 8) | 33,615 | 36,000,000 | |||||||||||
Redwood Management, LLC (note 7) | 123,008 | - | 231,291,845 | ||||||||||
Total | $ | 567,068 | $ | 30,166 | $ | 2,487,292,613 | |||||||
NOTE_11_INCOME_TAXES
NOTE 11 - INCOME TAXES | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||
Income Tax Disclosure [Text Block] | ' | ||||||||
NOTE 11 – INCOME TAXES | |||||||||
The Company recognizes deferred income tax liabilities and assets for the expected future tax consequences of events that have been recognized in the financial statements or tax returns. Under this method, deferred tax liabilities and assets are determined based on the differences between the financial statement carrying amounts and the tax basis of assets and liabilities using enacted tax rates in effect in the years in which the differences are expected to reverse. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial statement and income tax purposes under enacted tax laws and rates. | |||||||||
The tax effects of temporary differences that give rise to deferred tax assets are presented below: | |||||||||
31-Dec | December 31, | ||||||||
2013 | 2012 | ||||||||
Statutory tax rate | 34 | % | 34 | % | |||||
Net operating loss carryforwards | (34.0 | %) | (34.0 | %) | |||||
Income tax provision | 0 | % | 0 | % | |||||
Components of the Company’s deferred tax liabilities and assets are as follows: | |||||||||
31-Dec | December 31, | ||||||||
2013 | 2012 | ||||||||
Deferred tax asset | $ | 10,330,940 | $ | 8,585,927 | |||||
Valuation allowance | (10,330,940 | ) | (8,585,927 | ) | |||||
Deferred tax asset net of valuation allowance | $ | - | $ | - | |||||
Changes in valuation allowance | $ | 0 | $ | 0 | |||||
The income tax provision (benefit) consists of the following: | |||||||||
31-Dec | December 31, | ||||||||
2013 | 2012 | ||||||||
Federal: | |||||||||
Current | $ | 0 | $ | 0 | |||||
Deferred | 0 | 0 | |||||||
State and local: | |||||||||
Current | 0 | 0 | |||||||
Deferred | 0 | 0 | |||||||
Change in valuation allowance | 0 | 0 | |||||||
Income tax provision (benefit) | $ | 0 | $ | 0 | |||||
The Company’s federal and state income tax returns for the tax years 2010 and forward remain subject to examination. | |||||||||
NOTE_12_STANDSTILL_AGREEMENT
NOTE 12 -STANDSTILL AGREEMENT | 12 Months Ended |
Dec. 31, 2013 | |
Standstill Agreement [Abstract] | ' |
Standstill Agreement | ' |
NOTE 12 –STANDSTILL AGREEMENT | |
The other incomes were generated by fees received according to Standstill Agreements signed by the Company with Fuel Emulsions International Inc. (FEI). The Company signed a first Standstill Agreement that gave FEI the exclusivity to negotiate with potential investors and third party customers with respect to the sale of fuel emulsion technology and associated additives According to the Standstill Agreement, FEI had to pay two instalments of $50,000 (January 20 and February 10, 2012) to keep its negotiation exclusivity on the M-Fuel technology. After the expiration of the first Standstill Agreement on February 29, 2012, the Company signed a second Standstill Agreement that expired on March 31, 2012. According to the second Standstill Agreement, FEI had to pay two instalments of $50,000 (February 29 and March 15, 2012) to keep its negotiation exclusivity on the M-Fuel technology. | |
NOTE_13_DISCONTINUED_OPERATION
NOTE 13 - DISCONTINUED OPERATIONS | 12 Months Ended |
Dec. 31, 2013 | |
Discontinued Operations and Disposal Groups [Abstract] | ' |
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] | ' |
NOTE 13 – DISCONTINUED OPERATIONS | |
On November 4, 2010, the Company transferred all of its shares of Ecolocap Solutions (Canada) Inc. to DT Crystal Holdings Ltd in exchange of the reduction of $100,000 of its debts. | |
NOTE_14_COMMITMENTS_AND_CONTIN
NOTE 14 - COMMITMENTS AND CONTINGENCIES | 12 Months Ended |
Dec. 31, 2013 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Commitments and Contingencies Disclosure [Text Block] | ' |
NOTE 14 – COMMITMENTS AND CONTINGENCIES | |
The Company is a party to a lease for its Montreal office, at a minimum annual rental of approximately $64,000 per year. The Company has vacated the premises and according to the lease, a six month rent might have to be paid if the landlord intends a lawsuit against the Company. The six month rent amount has been accrued in the accompanying Financial Statements. | |
The Company was party to a lease for its Barrington office, at a minimum annual rent of approximately $24,000 per year. The Barrington lease expired in May 2013 and the Company remains in these premises on a month to month basis. The rent expense charged to operations for the year ended December 31, 2013 and 2012 was $26,012 and $22,792, respectively. | |
NOTE_15_RELATED_PARTY_TRANSACT
NOTE 15 - RELATED PARTY TRANSACTIONS | 12 Months Ended |
Dec. 31, 2013 | |
Related Party Transactions [Abstract] | ' |
Related Party Transactions Disclosure [Text Block] | ' |
NOTE 15 – RELATED PARTY TRANSACTIONS | |
In 2013, the Company received loans from stockholders in the amount of $266,179. These loans carry an interest of 5.00% and are payable on demand. | |
For the years ended December 31, 2013 and 2012, interest paid to related party totaled $76,635 and $40,603. | |
NOTE_16_SUBSEQUENT_EVENTS
NOTE 16 - SUBSEQUENT EVENTS | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Subsequent Events [Abstract] | ' | ||||||||||||
Subsequent Events [Text Block] | ' | ||||||||||||
NOTE 16 – SUBSEQUENT EVENTS | |||||||||||||
During the first quarter of 2014, the following convertible debt owners converted loans plus accrued interests into common shares of the Company | |||||||||||||
Loans | Interests | Common shares | |||||||||||
converted | converted | Of the Company | |||||||||||
Asher Enterprises Inc (note 7) | $ | 34,200 | $ | 1,100 | $ | 706,000,000 | |||||||
Tonaquint (note 6) | 78,041 | - | 1,046,183,334 | ||||||||||
AES Capital Corp. (note 6) | 24,016 | 5,949 | 599,292,800 | ||||||||||
AGS Capital Group LLC (note 7) | 30,302 | 543 | 840,956,240 | ||||||||||
JMJ Financial (note 6) | 25,000 | 5,096 | 633,605,263 | ||||||||||
Panache Capital LLC (note 7) | 6,293 | 1,100 | 164,186,223 | ||||||||||
Redwood Management, LLC (note 6) | - | - | - | ||||||||||
Total | $ | 197,852 | $ | 13,788 | $ | 3,990,223,860 | |||||||
NOTE_5_PROPERTY_EQUIPMENT_Tabl
NOTE 5 - PROPERTY & EQUIPMENT (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Property, Plant and Equipment [Table Text Block] | ' | ||||||||
31-Dec | December 31, | ||||||||
2013 | 2012 | ||||||||
Testing equipment | $ | 493,000 | $ | 493,000 | |||||
Computer equipment | 11,654 | 11,654 | |||||||
Furniture & fixtures | 12,701 | 12,701 | |||||||
$ | 517,355 | $ | 517,355 | ||||||
Less: accumulated depreciation | 214,605 | 143,426 | |||||||
Less: accumulated impairment loss | 302,750 | - | |||||||
Balance December 31, 2013 | $ | - | $ | 373,929 |
NOTE_6_ACCRUED_EXPENSES_AND_SU1
NOTE 6 - ACCRUED EXPENSES AND SUNDRY CURRENT LIABILITIES (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Accounts Payable and Accrued Liabilities Disclosure [Abstract] | ' | ||||||||
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block] | ' | ||||||||
2013 | 2012 | ||||||||
Accrued interest | $ | 103,405 | $ | 46,351 | |||||
Accrued interest-related party | 32,352 | 12,829 | |||||||
Accrued compensation | 302,861 | 201,346 | |||||||
Accounts payable | 240,000 | 268,500 | |||||||
Accrued operating expenses | 297,378 | 358,457 | |||||||
$ | 975,996 | $ | 887,483 |
NOTE_7_NOTE_PAYABLE_Tables
NOTE 7 - NOTE PAYABLE (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Note Payable [Abstract] | ' | ||||||||||||||||
Schedule of Notes Payable | ' | ||||||||||||||||
Loans | Debt discount | Balance | Balance | ||||||||||||||
December 31, | December 31, | ||||||||||||||||
2013 | 2013 | 2013 | 2012 | ||||||||||||||
Tonaquint | $ | 480,062 | $ | (362,735 | ) | $ | 117,327 | $ | 42,916 | ||||||||
Redwood Management, LLC | 372,992 | - | 372,992 | 496,000 | |||||||||||||
AES Capital Corp. | 24,016 | - | 24,016 | 5,133 | |||||||||||||
JMJ Financial | 25,000 | - | 25,000 | 7,500 | |||||||||||||
$ | 902,070 | $ | (362,735 | ) | $ | 539,335 | $ | 551,549 |
NOTE_8_PAYABLE_STOCKHOLDERS_Ta
NOTE 8 - PAYABLE - STOCKHOLDERS (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Payable Stockholder [Abstract] | ' | ||||||||||||||||
Schedule of Payable Stockholder | ' | ||||||||||||||||
Loans | Debt discount | Balance | Balance | ||||||||||||||
December 31, | December 31, | ||||||||||||||||
2013 | 2013 | 2013 | 2012 | ||||||||||||||
Asher Enterprises Inc | $ | 67,400 | $ | (43,052 | ) | $ | 24,348 | $ | 39,189 | ||||||||
AGS Capital Group LLC | 19,055 | (19,055 | ) | - | 10,250 | ||||||||||||
Panache Capital LLC | 6,293 | - | 6,293 | 6,500 | |||||||||||||
Stockholders | 966,638 | - | 966,638 | 673,459 | |||||||||||||
Hanscom K. Inc. | 31,080 | - | 31,080 | 33,246 | |||||||||||||
RCO Group Inc. | 28,500 | - | 28,500 | 28,500 | |||||||||||||
$ | 1,118,966 | $ | (62,107 | ) | $ | 1,056,859 | $ | 791,144 |
NOTE_9_DERIVATIVE_LIABILITIES_
NOTE 9 - DERIVATIVE LIABILITIES (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Derivatives, Policy [Policy Text Block] [Abstract] | ' | ||||||||
Schedule of Derivative Liabilities at Fair Value [Table Text Block] | ' | ||||||||
2013 | 2012 | ||||||||
Asher Enterprises Inc | $ | 125,853 | $ | 338,822 | |||||
Tonaquint | 996,669 | 133,627 | |||||||
AES Capital Corp. | 14,350 | 34,404 | |||||||
AGS Capital Group LLC | 30,553 | 102,155 | |||||||
JMJ Financial | 42,904 | 49,868 | |||||||
Panache Capital LLC | 6,293 | 64,561 | |||||||
Redwood Management, LLC | 372,994 | - | |||||||
Total | $ | 1,589,616 | $ | 723,437 |
NOTE_10_CAPITAL_STOCK_Tables
NOTE 10 - CAPITAL STOCK (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Stockholders' Equity Note [Abstract] | ' | ||||||||||||
Schedule of Convertible Debt Owners | ' | ||||||||||||
Loans | Interests | Common shares | |||||||||||
converted | converted | Of the Company | |||||||||||
Asher Enterprises Inc (note 8) | $ | 182,100 | $ | 7,600 | $ | 980,849,505 | |||||||
Tonaquint (note 7) | 125,572 | 19,074 | 810,853,139 | ||||||||||
AES Capital Corp. (note 7) | 6,650 | 133,000,000 | |||||||||||
AGS Capital Group LLC (note 8) | 71,123 | 482 | 216,298,124 | ||||||||||
JMJ Financial (note 7) | 25,000 | 3,310 | 79,000,000 | ||||||||||
Panache Capital LLC (note 8) | 33,615 | 36,000,000 | |||||||||||
Redwood Management, LLC (note 7) | 123,008 | - | 231,291,845 | ||||||||||
Total | $ | 567,068 | $ | 30,166 | $ | 2,487,292,613 |
NOTE_11_INCOME_TAXES_Tables
NOTE 11 - INCOME TAXES (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | ' | ||||||||
31-Dec | December 31, | ||||||||
2013 | 2012 | ||||||||
Statutory tax rate | 34 | % | 34 | % | |||||
Net operating loss carryforwards | (34.0 | %) | (34.0 | %) | |||||
Income tax provision | 0 | % | 0 | % | |||||
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | ' | ||||||||
31-Dec | December 31, | ||||||||
2013 | 2012 | ||||||||
Deferred tax asset | $ | 10,330,940 | $ | 8,585,927 | |||||
Valuation allowance | (10,330,940 | ) | (8,585,927 | ) | |||||
Deferred tax asset net of valuation allowance | $ | - | $ | - | |||||
Changes in valuation allowance | $ | 0 | $ | 0 | |||||
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | ' | ||||||||
31-Dec | December 31, | ||||||||
2013 | 2012 | ||||||||
Federal: | |||||||||
Current | $ | 0 | $ | 0 | |||||
Deferred | 0 | 0 | |||||||
State and local: | |||||||||
Current | 0 | 0 | |||||||
Deferred | 0 | 0 | |||||||
Change in valuation allowance | 0 | 0 | |||||||
Income tax provision (benefit) | $ | 0 | $ | 0 |
NOTE_16_SUBSEQUENT_EVENTS_Tabl
NOTE 16 - SUBSEQUENT EVENTS (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Subsequent Events [Abstract] | ' | ||||||||||||
Schedule of Debt Conversions [Table Text Block] | ' | ||||||||||||
Loans | Interests | Common shares | |||||||||||
converted | converted | Of the Company | |||||||||||
Asher Enterprises Inc (note 7) | $ | 34,200 | $ | 1,100 | $ | 706,000,000 | |||||||
Tonaquint (note 6) | 78,041 | - | 1,046,183,334 | ||||||||||
AES Capital Corp. (note 6) | 24,016 | 5,949 | 599,292,800 | ||||||||||
AGS Capital Group LLC (note 7) | 30,302 | 543 | 840,956,240 | ||||||||||
JMJ Financial (note 6) | 25,000 | 5,096 | 633,605,263 | ||||||||||
Panache Capital LLC (note 7) | 6,293 | 1,100 | 164,186,223 | ||||||||||
Redwood Management, LLC (note 6) | - | - | - | ||||||||||
Total | $ | 197,852 | $ | 13,788 | $ | 3,990,223,860 |
NOTE_2_SUMMARY_OF_SIGNIFICANT_1
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $) | 12 Months Ended | 78 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | |
Accounting Policies [Abstract] | ' | ' | ' |
Impairment of Intangible Assets (Excluding Goodwill) | $302,750 | ' | $5,499,842 |
Research and Development Expense | $0 | $300,000 | $1,360,278 |
NOTE_3_GOING_CONCERN_Details
NOTE 3 - GOING CONCERN (Details) (USD $) | 12 Months Ended | 78 Months Ended | |||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2009 | Dec. 31, 2008 | Dec. 31, 2007 | Dec. 31, 2013 | Dec. 31, 2006 | |
Going Concern Note [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net Income (Loss) Attributable to Parent | ($2,024,207) | ($1,543,631) | ($8,130,830) | ($8,851,600) | ($975,857) | ($4,939,044) | $6,306,507 | ($18,250,465) | ' |
Working Capital | 4,118,588 | ' | ' | ' | ' | ' | ' | 4,118,588 | ' |
Stockholders' Equity Attributable to Parent | ($7,853,391) | ($6,981,489) | ($1,870,774) | $4,094,319 | $11,409,717 | ($837,426) | ($2,949,932) | ($7,853,391) | ($11,412,273) |
NOTE4_NOTE_RECEIVABLE_Details
NOTE-4 - NOTE RECEIVABLE (Details) (USD $) | Dec. 31, 2013 | Dec. 17, 2013 |
Receivables [Abstract] | ' | ' |
Loans Receivable with Fixed Rates of Interest | ' | $285,000 |
Debt Instrument, Interest Rate, Stated Percentage | 5.00% | 8.00% |
Interest Payable | 22,384 | 87,963 |
Receivable with Imputed Interest, Net Amount | ' | $197,037 |
NOTE_5_PROPERTY_EQUIPMENT_Deta
NOTE 5 - PROPERTY & EQUIPMENT (Details) - Property and Office Equipment (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Property and Office Equipment [Abstract] | ' | ' |
Testing equipment | $493,000 | $493,000 |
Computer equipment | 11,654 | 11,654 |
Furniture & fixtures | 12,701 | 12,701 |
517,355 | 517,355 | |
Less: accumulated depreciation | 214,605 | 143,426 |
Less: accumulated impairment loss | 302,750 | ' |
Balance December 31, 2013 | ' | $373,929 |
NOTE_6_ACCRUED_EXPENSES_AND_SU2
NOTE 6 - ACCRUED EXPENSES AND SUNDRY CURRENT LIABILITIES (Details) - Accrued Expenses (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Accrued Expenses [Abstract] | ' | ' |
Accrued interest | $103,405 | $46,351 |
Accrued interest-related party | 32,352 | 12,829 |
Accrued compensation | 302,861 | 201,346 |
Accounts payable | 240,000 | 268,500 |
Accrued operating expenses | 297,378 | 358,457 |
$943,644 | $874,654 |
NOTE_7_NOTE_PAYABLE_Details
NOTE 7 - NOTE PAYABLE (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 17, 2013 | |
Note Payable [Abstract] | ' | ' | ' | ' |
Debt Instrument, Convertible, Conversion Ratio | ' | 0.5 | 0.6 | ' |
Debt Instrument, Interest Rate, Effective Percentage | ' | 8.00% | ' | ' |
Convertible Notes Payable | ' | $521,483 | $654,500 | ' |
Debt Conversion, Converted Instrument, Amount | 34,200 | 280,230 | ' | ' |
Interest Payable | ' | $22,384 | ' | $87,963 |
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 706,000,000 | 1,254,144,984 | 79,266,787 | ' |
NOTE_7_NOTE_PAYABLE_Details_No
NOTE 7 - NOTE PAYABLE (Details) - Note Payable (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
NotePayableAbstractAlt0 | ' | ' |
$521,483 | $654,500 | |
-362,735 | ' | |
117,327 | 42,916 | |
902,070 | ' | |
-362,735 | ' | |
$539,335 | $551,549 |
NOTE_8_PAYABLE_STOCKHOLDERS_De
NOTE 8 - PAYABLE - STOCKHOLDERS (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 17, 2013 | |
Payable Stockholder [Abstract] | ' | ' | ' | ' |
Increase (Decrease) in Due to Officers and Stockholders, Current | ' | $266,179 | ' | ' |
Due to Officers or Stockholders | ' | 966,638 | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | ' | 5.00% | ' | 8.00% |
Increase (Decrease) in Due to Hanscom K. Inc. | ' | 2,164 | ' | ' |
Loan Payable - Hanscom K Inc. | ' | 31,080 | ' | ' |
Loan Payable - RCO Group Inc. | ' | 28,500 | ' | ' |
Debt Instrument, Convertible, Conversion Ratio | ' | 0.5 | 0.6 | ' |
Debt Instrument, Interest Rate, Effective Percentage | ' | 8.00% | ' | ' |
' | 174,532 | 386,500 | ' | |
Debt Conversion, Converted Instrument, Amount, Shareholder | ' | 287,838 | 224,446 | ' |
Debt Instrument, Convertible, Interest Expense, Shareholder | ' | $8,082 | $8,500 | ' |
Debt Instrument, Converted Instrument, Shares Issued, Shareholder (in Shares) | ' | 1,233,147,629 | ' | ' |
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 706,000,000 | 1,254,144,984 | 79,266,787 | ' |
NOTE_8_PAYABLE_STOCKHOLDERS_De1
NOTE 8 - PAYABLE - STOCKHOLDERS (Details) - Outstanding Stockholder Payable Notes (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Outstanding Stockholder Payable Notes [Abstract] | ' | ' |
Loans 2013 | $174,532 | $386,500 |
Debt discount | -43,052 | ' |
Balance December 31, 2013 | 24,348 | 39,189 |
Balance December 31, 2012 | 24,348 | 39,189 |
1,118,966 | ' | |
-62,107 | ' | |
$1,056,859 | $791,144 |
NOTE_9_DERIVATIVE_LIABILITIES_1
NOTE 9 - DERIVATIVE LIABILITIES (Details) | 12 Months Ended |
Dec. 31, 2013 | |
Derivatives, Policy [Policy Text Block] [Abstract] | ' |
Fair Value Assumptions, Risk Free Interest Rate | 0.14% |
Fair Value Assumptions, Weighted Average Volatility Rate | 228.63% |
Fair Value Assumptions, Expected Volatility Rate | 292.00% |
NOTE_9_DERIVATIVE_LIABILITIES_2
NOTE 9 - DERIVATIVE LIABILITIES (Details) - Derivative Liability (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Derivative Liability [Abstract] | ' | ' |
Derivative Liability | $125,853 | $338,822 |
Total | $1,589,616 | $723,437 |
NOTE_10_CAPITAL_STOCK_Details
NOTE 10 - CAPITAL STOCK (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Stockholders' Equity Note [Abstract] | ' | ' |
Common Stock, Shares Authorized | 10,000,000,000 | 1,000,000,000 |
Common Stock, Par or Stated Value Per Share (in Dollars per share) | $0.00 | $0.00 |
Common Stock, Shares, Issued | 2,874,786,512 | 372,410,782 |
NOTE_10_CAPITAL_STOCK_Details_
NOTE 10 - CAPITAL STOCK (Details) - Convertible Debt Converted to Shares (USD $) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Convertible Debt Converted to Shares [Abstract] | ' | ' | ' |
Loans Converted | $34,200 | $280,230 | ' |
Interest Converted | 1,100 | 7,600 | ' |
Common Shares of the Company (in Shares) | 706,000,000 | 1,254,144,984 | 79,266,787 |
Total | 197,852 | 567,068 | ' |
Total | 13,788 | 30,166 | ' |
Total | $3,990,223,860 | $2,487,292,613 | ' |
NOTE_11_INCOME_TAXES_Details_D
NOTE 11 - INCOME TAXES (Details) - Deferred Tax Assets (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Deferred Tax Assets [Abstract] | ' | ' |
Statutory tax rate | 34.00% | 34.00% |
Net operating loss carryforwards | ($0.34) | ($0.34) |
Income tax provision | $0 | $0 |
NOTE_11_INCOME_TAXES_Details_D1
NOTE 11 - INCOME TAXES (Details) - Deferred Tax Liabilities and Assets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Deferred Tax Liabilities and Assets [Abstract] | ' | ' |
Deferred tax asset | $10,330,940 | $8,585,927 |
Valuation allowance | -10,330,940 | -8,585,927 |
Changes in valuation allowance | $0 | $0 |
NOTE_11_INCOME_TAXES_Details_I
NOTE 11 - INCOME TAXES (Details) - Income Tax Provision (Benefit) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Income Tax Provision (Benefit) [Abstract] | ' | ' |
$0 | $0 | |
0 | 0 | |
Change in valuation allowance | 0 | 0 |
Income tax provision (benefit) | $0 | $0 |
NOTE_12_STANDSTILL_AGREEMENT_D
NOTE 12 -STANDSTILL AGREEMENT (Details) (USD $) | 0 Months Ended | 1 Months Ended |
Mar. 15, 2012 | Feb. 10, 2012 | |
Standstill Agreement [Abstract] | ' | ' |
Standstill Agreement Number of Payments | 2 | 2 |
Standstill Agreement Period Payment | $50,000 | $50,000 |
NOTE_13_DISCONTINUED_OPERATION1
NOTE 13 - DISCONTINUED OPERATIONS (Details) | 12 Months Ended |
Dec. 31, 2010 | |
Discontinued Operations and Disposal Groups [Abstract] | ' |
Discontinued Operation, Nature of Other Income (Loss) from Disposition of Discontinued Operation | '$100,000 |
NOTE_14_COMMITMENTS_AND_CONTIN1
NOTE 14 - COMMITMENTS AND CONTINGENCIES (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | 31-May-13 | Dec. 31, 2012 | |
Commitments and Contingencies Disclosure [Abstract] | ' | ' | ' |
Contractual Obligation | $64,000 | ' | ' |
Occupancy, Net | ' | 24,000 | ' |
Occupancy Costs | $26,012 | ' | $22,792 |
NOTE_15_RELATED_PARTY_TRANSACT1
NOTE 15 - RELATED PARTY TRANSACTIONS (Details) (USD $) | 12 Months Ended | 78 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 17, 2013 | |
Related Party Transactions [Abstract] | ' | ' | ' | ' |
Due to Officers or Stockholders, Current | $266,179 | ' | $266,179 | ' |
Debt Instrument, Interest Rate, Stated Percentage | 5.00% | ' | 5.00% | 8.00% |
Interest Expense, Related Party | $73,635 | $40,603 | $114,238 | ' |
NOTE_16_SUBSEQUENT_EVENTS_Deta
NOTE 16 - SUBSEQUENT EVENTS (Details) - Convertible Debt Converted (USD $) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Convertible Debt Converted [Abstract] | ' | ' | ' |
Loans Converted | $34,200 | $280,230 | ' |
Interest Converted | 1,100 | 7,600 | ' |
Common Shares of the Company (in Shares) | 706,000,000 | 1,254,144,984 | 79,266,787 |
Total | 197,852 | 567,068 | ' |
Total | 13,788 | 30,166 | ' |
Total | $3,990,223,860 | $2,487,292,613 | ' |