Document And Entity Information
Document And Entity Information - USD ($) | 12 Months Ended | |
Dec. 31, 2015 | Jun. 30, 2015 | |
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 | 3,249,327,026 | |
Entity Public Float | $ 4,327,026 | |
Amendment Flag | false | |
Entity Central Index Key | 1,290,506 | |
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 | Dec. 31, 2015 | |
Document Fiscal Year Focus | 2,015 | |
Document Fiscal Period Focus | FY |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Dec. 31, 2015 | Dec. 31, 2014 |
CURRENT LIABILITIES: | ||
Customer deposits | $ 175,000 | $ 175,000 |
Notes payable | 1,026,185 | 973,206 |
Notes payable-stockholders | 1,736,666 | 1,370,760 |
Derivative liabilities | 1,375,577 | 1,483,205 |
Accrued expenses and sundry current liabilities related party | 131,543 | 86,117 |
Accrued expenses and sundry current liabilities | 1,589,936 | 1,221,995 |
TOTAL CURRENT LIABILITIES | 6,034,907 | 5,310,283 |
TOTAL LIABILITIES | 6,034,907 | 5,310,283 |
STOCKHOLDERS' DEFICIT | ||
Common stock 10,000,000,000 shares authorized, par value $0.00001, 3,249,327,026 and 3,934,026 shares, respectively issued and outstanding | 32,493 | 39 |
Additional paid in capital | 55,912,655 | 36,404,899 |
Accumulated Deficit | (65,007,045) | (45,130,843) |
TOTAL STOCKHOLDERS' DEFICIT- Ecolocap Solutions, Inc. | (9,061,897) | (8,725,905) |
Less Non-controlling interest | 3,026,990 | 3,415,622 |
TOTAL STOCKHOLDERS' DEFICIT | $ (6,034,907) | $ (5,310,283) |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - $ / shares | Dec. 31, 2015 | Dec. 31, 2014 |
Common stock, authorized | 10,000,000,000 | 10,000,000,000 |
Common stock, par value (in Dollars per share) | $ 0.00001 | $ 0.00001 |
Common stock, issued | 3,249,327,026 | 3,934,026 |
Common stock, outstanding | 3,249,327,026 | 3,934,026 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders Deficit - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total Stockholders' Deficit - Ecolocap Solutions, Inc. | Less Non-controlling Interest | Total Stockholders' Deficit | Total |
Balance, December 31 at Dec. 31, 2013 | $ 14 | $ 35,456,653 | $ (43,310,058) | $ (7,853,391) | $ 3,734,803 | $ (4,118,588) | |
Balance, December 31 (in Shares) at Dec. 31, 2013 | 1,437,393 | ||||||
Shares issued for settlement of debts | $ 25 | 268,377 | 268,402 | 268,402 | |||
Shares issued for settlement of debts (in Shares) | 2,496,633 | ||||||
Reclassification of derivative to APIC | 623,280 | 623,280 | 623,280 | ||||
Net Loss | (1,820,785) | (1,820,785) | (319,181) | (2,139,966) | $ (2,139,966) | ||
Balance, December 31 at Dec. 31, 2014 | $ 39 | 36,404,899 | (45,130,843) | (8,725,905) | 3,415,622 | (5,310,283) | (5,310,283) |
Imputed interest on non-interest bearing stockholders loans | 56,589 | 56,589 | 56,589 | $ 56,589 | |||
Balance, December 31 (in Shares) at Dec. 31, 2014 | 3,249,327,026 | 3,934,026 | |||||
Shares issued for settlement of debts | $ 32,454 | 19,439,519 | 19,471,973 | 19,471,973 | |||
Shares issued for settlement of debts (in Shares) | 3,245,393,000 | ||||||
Reclassification of derivative to APIC | 1,957 | 1,957 | 1,957 | ||||
Net Loss | (19,876,202) | (19,876,202) | (388,632) | (20,264,834) | $ (20,264,834) | ||
Balance, December 31 at Dec. 31, 2015 | $ 32,493 | 55,912,655 | $ (65,007,045) | (9,061,897) | $ 3,026,990 | (6,034,907) | (6,034,907) |
Imputed interest on non-interest bearing stockholders loans | $ 66,280 | $ 66,280 | $ 66,280 | $ 66,280 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) | 12 Months Ended | |
Dec. 31, 2015 | Dec. 31, 2014 | |
COSTS AND EXPENSES: | ||
Selling, general and administrative | $ 898,603 | $ 682,315 |
TOTAL OPERATING EXPENSES | 898,603 | 682,315 |
Loss from operations | (898,603) | (682,315) |
OTHER INCOME (EXPENSES) | ||
Interest income | 93,790 | |
Note receivable write-off | 19,145,500 | (290,827) |
Loss on settlement-note payable related party stockholders (expense) | (19,145,500) | |
Gain (loss) on derivatives liabilities at market | 105,671 | (306,696) |
Interest expense-related party | (111,498) | (97,523) |
Interest expense | (214,904) | (856,395) |
TOTAL OTHER INCOME (EXPENSES) | (19,366,231) | (1,457,651) |
Loss from continuing operations | (20,264,834) | (2,139,966) |
Ecolocap Solutions Inc. | (19,876,202) | (1,820,785) |
Non-controlling interest | $ (388,632) | $ (319,181) |
Loss Per Common Share- Continuing operations-basic and diluted (in Dollars per share) | $ (0.01) | $ (0.59) |
Loss Per Common Share-basic and diluted (in Dollars per share) | $ (0.01) | $ (0.59) |
Average weighted Number of Shares Outstanding-basic and diluted (in Shares) | 1,596,716,162 | 3,627,086 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) | 12 Months Ended | |
Dec. 31, 2015 | Dec. 31, 2014 | |
Net loss | $ (20,264,834) | $ (2,139,966) |
Imputed interest of shareholders loans | 66,280 | 56,589 |
Loss on settlement-note payable related party stockholders expense | 19,145,500 | (290,827) |
(Gain) loss on derivatives liabilities at market | (105,671) | 306,696 |
Interest expense on derivatives | 54,952 | 738,564 |
Accrued interest income | (93,790) | |
Note receivable write-off | 290,827 | 290,827 |
Prepaid expenses and sundry current assets | 19,944 | |
Accrued expenses and sundry current liabilities | 823,367 | 751,157 |
Net cash used in operating activities | (280,406) | (69,979) |
Proceeds of convertible notes payable | 18,500 | 86,500 |
Proceeds of loans from shareholder | 280,406 | (17,758) |
Net cash provided by financing activities | 280,406 | 68,742 |
Increase (decrease) in cash | (1,237) | |
Cash- beginning of year | 0 | 1,237 |
Cash - end of year | 0 | 0 |
Conversion of current liabilities, convertible notes payable, notes payable stockholders to common stock | 324,500 | 268,402 |
Addition of new derivative | 80,325 | |
Non cash additions of convertible notes payable | (18,500) | 140,000 |
Non cash additions of loans from shareholder | (360,000) | 367,810 |
Reclassification of derivative to APIC | $ (1,957) | $ (623,280) |
NOTE 1 - NATURE OF BUSINESS
NOTE 1 - NATURE OF BUSINESS | 12 Months Ended |
Dec. 31, 2015 | |
Disclosure Text Block [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 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: 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%. ECOS/BIO-ART ECOS/Bio-ART is a patented air injected high-speed aerobic biological fermentation technology, utilizing uniquely cultured Bacillus, and incorporated into a specifically designed in-vessel unit. The remediation process takes seven days and reduces moisture content to an average between 12%-25% on an output equal to 1/3 the input. The output can be used as organic fertilizer, animal feed, animal bedding or biomass. The computer controlled process monitors the temperature on 3 different levels. The technology reduces the costs associated with food waste disposal and in the process reduces the environmental impact or methane greenhouse gas production, provide a healthier life for all and create viable organic byproducts. |
NOTE 2 - SUMMARY OF SIGNIFICANT
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended |
Dec. 31, 2015 | |
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. 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. 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. 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 asset or paid to transfer a liability (an exit 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 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 for employees 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 in accordance with ASC 505 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 recognized 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 recognized as it arises provided the increased carrying value does not exceed that which it would have been had no impairment loss been recognized. Impairment losses on goodwill are not reversed. The amounts recorded as fixed impairment loss during the year ended December 31, 2015 and 2014 are $0 and $0. 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 2015 and 2014 the amounts charged to research and development expenses was $0 and $0. |
NOTE 3 - GOING CONCERN
NOTE 3 - GOING CONCERN | 12 Months Ended |
Dec. 31, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Substantial Doubt about Going Concern [Text Block] | 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 $20,264,834 for the year ended December 31, 2015.The Company has negative working capital of $6,034,907 at December 31, 2015 and a stockholders' deficit of $6,034,907 at December 31, 2015. 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 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. |
NOTE-4 - NOTE RECEIVABLE
NOTE-4 - NOTE RECEIVABLE | 12 Months Ended |
Dec. 31, 2015 | |
Receivables [Abstract] | |
Financing Receivables [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 thirteen months following its issuance. The amount receivable from KMBT at December 31, 2015, is shown net of the remaining unearned interest of $0 and a provision for bad debt of $290,827 resulting in a balance of $0. |
NOTE 5 - ACCRUED EXPENSES AND S
NOTE 5 - ACCRUED EXPENSES AND SUNDRY CURRENT LIABILITIES | 12 Months Ended |
Dec. 31, 2015 | |
Payables and Accruals [Abstract] | |
Accounts Payable and Accrued Liabilities Disclosure [Text Block] | NOTE 5 ACCRUED EXPENSES AND SUNDRY CURRENT LIABILITIES Accrued expenses consisted of the following at December 31: 2015 2014 Accrued interest $ 290,114 $ 111,436 Accrued interest-related party 131,543 86,117 Accrued compensation 502,844 425,517 Accounts payable 240,000 240,000 Accrued operating expenses 556,978 445,042 $ 1,721,479 $ 1,308,112 |
NOTE 6 - CONVERTIBLE NOTES PAYA
NOTE 6 - CONVERTIBLE NOTES PAYABLE | 12 Months Ended |
Dec. 31, 2015 | |
Convertible Note Payable [Abstract] | |
Convertible Note Payable | NOTE 6 NOTES PAYABLE During the years ended December 31, 2015 and 2014, the Company received the proceeds of various loans which are convertible at amounts of 50% 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 years ended December 31, 2015 and 2014 are $18,500 in non-cash borrowings related to the default on Tonaquint loans in 2015 and $86,500 in cash, $140,000 in non-cash borrowings related to the default on Tonaquint loans in 2014, 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. The Redwood Management, LLC and Tonaquint notes are in default as of December 31, 2015. During the years ended December 31, 2015 and 2014, other convertible debts were converted into common shares of the Company. During the year ended December 31, 2015 and the year ended December 31, 2014, note payable of $1,973 and $186,312 plus accrued interests of $28,547 were made into 393,000 shares and 1,841,012 shares respectively. A summary of the amounts outstanding as of December 31, 2015 and 2014 is as follows: Loans 2015 Debt discount 2015 Balance December 31, 2015 Balance December 31, 2014 Tonaquint $ 571,193 $ - $ 571,193 $ 521,640 Redwood Management, LLC 372,992 - 372,992 372,992 Proteus Capital Corp. 32,500 - 32,500 - LG Capital 19,500 - 19,500 19,500 Asher Enterprises Inc - - - 32,500 GSM Capital Group LLC 30,000 - 30,000 26,574 $ 1,026,185 $ - $ 1,026,185 $ 973,206 |
NOTE 7 - NOTE PAYABLE - STOCKHO
NOTE 7 - NOTE PAYABLE - STOCKHOLDERS | 12 Months Ended |
Dec. 31, 2015 | |
Note Payable Stockholder [Abstract] | |
Note Payable - Stockholder | NOTE 7 – NOTE PAYABLE – STOCKHOLDERS The stockholders increase of $85,499, are additions for accrued salaries, net of payments made during the year. These were not actual cash proceeds. The amount owed to stockholders at December 31, 2015 is $1,396,679. These loans are non interest bearing but interest is being imputed at 5.00% per annum and are payable on demand. An amount of $66,280 has been imputed in 2015 and $56,589 was imputed in 2014. During the years ended December 31, 2015 and 2014, total loan conversions of $274,500 and $0 were made into 2,745,000,000 and 0 shares respectively. The amount owed to Hanscom K. Inc. at December 31, 2015 is $311,487. These loans are non-interest bearing and are payable on demand. During 2015, the Company did not receive any loans from RCO Group Inc. The amount owed to RCO Group Inc. at December 31, 2015 is $28,500. These loans bear at 8.00% per annum and are payable on demand. During the years ended December 31, 2015 and 2014, the Company received the proceeds of various loans which are convertible at amounts of 50% 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 years ended December 31, 2015 and 2014 are $0 and $23,528, 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 years ended December 31, 2015 and 2014, total loan conversions of $0 plus accrued interests of $0 and $48,616 plus accrued interests of $4,927 were made into 0 and 655,621 shares respectively. A summary of the amounts outstanding as of December 31, 2015 and 2014 is as follows: Loans 2015 Debt discount 2015 Balance December 31, 2015 Balance December 31, 2014 Stockholders $ 1,396,679 $ - $ 1,396,679 $ 1,311,180 Hanscom K. Inc. 311,487 - 311,487 31,080 RCO Group Inc. 28,500 - 28,500 28,500 $ 1,736,666 $ - $ 1,736,666 $ 1,370,760 |
NOTE 8 - DERIVATIVE LIABILITIES
NOTE 8 - DERIVATIVE LIABILITIES | 12 Months Ended |
Dec. 31, 2015 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | NOTE 8 – DERIVATIVE LIABILITIES During the years ended December 31, 2015 and 2014, the Company recorded various derivative liabilities associated with the convertible debts discussed in Notes 6 and 7. 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 881.00% and 1,319.00% and a forfeiture rate of 0.00%. The derivative liability at December 31, 2015 and 2014 is as follows: 2015 2014 Asher Enterprises Inc $ - $ 72,222 Tonaquint 815,979 924,437 Proteus Capital Group LLC 72,221 - GSM Capital Group LLC 66,162 66,665 LG Capital 48,221 46,887 Redwood Management, LLC 372,994 372,994 Total $ 1,375,577 $ 1,483,205 Financial assets and liabilities recorded at fair value in our balance sheets are categorized based upon a fair value hierarchy established by GAAP, which prioritizes the inputs used to measure fair value into the following levels: Fair Value of Financial Instruments Level 1— Quoted market prices in active markets for identical assets or liabilities at the measurement date. Level 2— Quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable and can be corroborated by observable market data. Level 3— Inputs reflecting management's best estimates and assumptions of what market participants would use in pricing assets or liabilities at the measurement date. The inputs are unobservable in the market and significant to the valuation of the instruments. A financial instrument's categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Financial assets and liabilities measured at fair value on a recurring basis are summarized below for the year ended December 31, 2015: Level 1 Level 2 Level 3 Total Derivative Financial Instruments $ - $ - $ 1,375,577 $ 1,375,577 Financial assets and liabilities measured at fair value on a recurring basis are summarized below for the year ended December 31, 2014: Level 1 Level 2 Level 3 Total Derivative Financial Instruments $ - $ - $ 1,483,205 $ 1,483,205 The following table summarizes the derivatives liability from January 1 st Derivative liabilities Balance December 31, 2014 $ 1,483,205 Addition of new derivative - Day one loss due to derivative - Gain on change in fair value of the derivative (105,671 ) Settled upon conversion of debt (1,957 ) Balance December 31, 2015 $ 1,375,577 The following table summarizes the derivatives liability from January 1 st Derivative liabilities Balance December 31, 2013 $ 1,589,616 Addition of new derivative 80,325 Day one loss due to derivative 129,848 Loss on change in fair value of the derivative 306,696 Settled upon conversion of debt (623,280 ) Balance December 31, 2014 $ 1,483,205 |
NOTE 9 - CAPITAL STOCK
NOTE 9 - CAPITAL STOCK | 12 Months Ended |
Dec. 31, 2015 | |
Stockholders' Equity Note [Abstract] | |
Stockholders' Equity Note Disclosure [Text Block] | NOTE 9 – CAPITAL STOCK The Company is authorized to issue 10,000,000,000 shares of common stock (par value $0.00001) of which 3,249,327,026 were issued and outstanding as of December 31, 2015 and 3,934,026 shares of common stock issued and outstanding as of December 31, 2014. During 2015, 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 Tonaquint (note 6) $ 1,973 $ - $ 393,000 Stockholders (note 7) 324,500 - 3,245,000,000 Total $ 326,473 $ - $ 3,245,393,000 During 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 6) $ 34,900 $ 2,200 $ 371,000 Tonaquint (note 6) 102,396 15,302 853,563 AES Capital Corp. (note 6) 24,016 5,949 299,646 AGS Capital Group LLC (note 7) 42,323 3,827 573,528 JMJ Financial (note 6) 25,000 5,096 316,803 Panache Capital LLC (note 7) 6,293 1,100 82,093 Total $ 234,928 $ 33,474 $ 2,496,633 |
NOTE 10 - INCOME TAXES
NOTE 10 - INCOME TAXES | 12 Months Ended |
Dec. 31, 2015 | |
Income Tax Disclosure [Abstract] | |
Income Tax Disclosure [Text Block] | NOTE 10 – 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: December 31, December 31, 2015 2014 Statutory tax rate 34.0 % 34.0 % Net operating loss carry forwards (34.0 %) (34.0 %) Income tax provision 0 % 0 % Components of the Company's deferred tax liabilities and assets are as follows: December 31, December 31, 2015 2014 Deferred tax asset $ 11,439,102 $ 11,058,529 Valuation allowance (11,439,102 ) (11,058,529 ) Deferred tax asset net of valuation allowance $ - $ - Changes in valuation allowance $ 0 $ 0 The income tax provision (benefit) consists of the following: December 31, December 31, 2015 2014 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 As of December 31, 2015, the company had net operating loss carry forwards of approximately $ 11,439,102 2024-12-31 - 2028-12-31 $ 3,401,000 2029-12-31 - 2031-12-31 $ 5,717,000 2032-12-31 - 2035-12-31 $ 2,321,102 The Company's federal and state income tax returns for the tax years 2010 and forward remain subject to examination. |
NOTE 11 - COMMITMENTS AND CONTI
NOTE 11 - COMMITMENTS AND CONTINGENCIES | 12 Months Ended |
Dec. 31, 2015 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies Disclosure [Text Block] | NOTE 11 COMMITMENTS AND CONTINGENCIES 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 years ended December 31, 2015 and 2014 was $24,012 and $26,012, respectively. |
NOTE 12 - RELATED PARTY TRANSAC
NOTE 12 - RELATED PARTY TRANSACTIONS | 12 Months Ended |
Dec. 31, 2015 | |
Related Party Transactions [Abstract] | |
Related Party Transactions Disclosure [Text Block] | NOTE 12 RELATED PARTY TRANSACTIONS The stockholders increase of $85,499, are additions for accrued salaries, net of payments made during the year. These were not actual cash proceeds. These loans carry an interest of 5.00% and are payable on demand. For the years ended December 31, 2015 and 2014, interest paid to related party totaled $111,498 and $97,523. During the year ended December 31, 2015, the Company settled loans of $324,500 with stockholders by conversions into 3,245,000,000 shares. The amount of loss incurred as settlement expense is $19,145,500. |
NOTE 13 - SUBSEQUENT EVENTS
NOTE 13 - SUBSEQUENT EVENTS | 12 Months Ended |
Dec. 31, 2015 | |
Subsequent Events [Abstract] | |
Subsequent Events [Text Block] | NOTE 13 – SUBSEQUENT EVENTS On December 19, 2016, we entered into a Supply Agreement (the "Supply Agreement") with Lakeshore Recycling Systems LLC wherein we agreed to manufacture and supply equipment and products to LLC for resale or lease to Lakeshore and LLC's customers. In March 2017, the Company signed a common stock purchase agreement where a purchaser will purchase restricted stock of the Company for an aggregate purchase price of $50,000. |
NOTE 5 - ACCRUED EXPENSES AND20
NOTE 5 - ACCRUED EXPENSES AND SUNDRY CURRENT LIABILITIES (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Payables and Accruals [Abstract] | |
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block] | 2015 2014 Accrued interest $ 290,114 $ 111,436 Accrued interest-related party 131,543 86,117 Accrued compensation 502,844 425,517 Accounts payable 240,000 240,000 Accrued operating expenses 556,978 445,042 $ 1,721,479 $ 1,308,112 |
NOTE 6 - CONVERTIBLE NOTES PA21
NOTE 6 - CONVERTIBLE NOTES PAYABLE (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Convertible Note Payable [Abstract] | |
Schedule of Convertible Notes Payable | Loans 2015 Debt discount 2015 Balance December 31, 2015 Balance December 31, 2014 Tonaquint $ 571,193 $ - $ 571,193 $ 521,640 Redwood Management, LLC 372,992 - 372,992 372,992 Proteus Capital Corp. 32,500 - 32,500 - LG Capital 19,500 - 19,500 19,500 Asher Enterprises Inc - - - 32,500 GSM Capital Group LLC 30,000 - 30,000 26,574 $ 1,026,185 $ - $ 1,026,185 $ 973,206 |
NOTE 7 - NOTE PAYABLE - STOCK22
NOTE 7 - NOTE PAYABLE - STOCKHOLDERS (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Note Payable Stockholder [Abstract] | |
Schedule of Note Payable Stockholder | Loans 2015 Debt discount 2015 Balance December 31, 2015 Balance December 31, 2014 Stockholders $ 1,396,679 $ - $ 1,396,679 $ 1,311,180 Hanscom K. Inc. 311,487 - 311,487 31,080 RCO Group Inc. 28,500 - 28,500 28,500 $ 1,736,666 $ - $ 1,736,666 $ 1,370,760 |
NOTE 8 - DERIVATIVE LIABILITI23
NOTE 8 - DERIVATIVE LIABILITIES (Tables) | 12 Months Ended | |
Dec. 31, 2015 | Dec. 31, 2014 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||
Schedule of Derivative Instruments [Table Text Block] | 2015 2014 Asher Enterprises Inc $ - $ 72,222 Tonaquint 815,979 924,437 Proteus Capital Group LLC 72,221 - GSM Capital Group LLC 66,162 66,665 LG Capital 48,221 46,887 Redwood Management, LLC 372,994 372,994 Total $ 1,375,577 $ 1,483,205 | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | Level 1 Level 2 Level 3 Total Derivative Financial Instruments $ - $ - $ 1,375,577 $ 1,375,577 | Level 1 Level 2 Level 3 Total Derivative Financial Instruments $ - $ - $ 1,483,205 $ 1,483,205 |
Description of Derivative Activity Volume | Derivative liabilities Balance December 31, 2014 $ 1,483,205 Addition of new derivative - Day one loss due to derivative - Gain on change in fair value of the derivative (105,671 ) Settled upon conversion of debt (1,957 ) Balance December 31, 2015 $ 1,375,577 | Derivative liabilities Balance December 31, 2013 $ 1,589,616 Addition of new derivative 80,325 Day one loss due to derivative 129,848 Loss on change in fair value of the derivative 306,696 Settled upon conversion of debt (623,280 ) Balance December 31, 2014 $ 1,483,205 |
NOTE 9 - CAPITAL STOCK (Tables)
NOTE 9 - CAPITAL STOCK (Tables) | 12 Months Ended | |
Dec. 31, 2015 | Dec. 31, 2014 | |
Stockholders' Equity Note [Abstract] | ||
Schedule of Debt Conversions [Table Text Block] | Loans Interests Common shares converted converted Of the Company Tonaquint (note 6) $ 1,973 $ - $ 393,000 Stockholders (note 7) 324,500 - 3,245,000,000 Total $ 326,473 $ - $ 3,245,393,000 | Loans Interests Common shares converted converted Of the Company Asher Enterprises Inc (note 6) $ 34,900 $ 2,200 $ 371,000 Tonaquint (note 6) 102,396 15,302 853,563 AES Capital Corp. (note 6) 24,016 5,949 299,646 AGS Capital Group LLC (note 7) 42,323 3,827 573,528 JMJ Financial (note 6) 25,000 5,096 316,803 Panache Capital LLC (note 7) 6,293 1,100 82,093 Total $ 234,928 $ 33,474 $ 2,496,633 |
NOTE 10 - INCOME TAXES (Tables)
NOTE 10 - INCOME TAXES (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Income Tax Disclosure [Abstract] | |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | December 31, December 31, 2015 2014 Statutory tax rate 34.0 % 34.0 % Net operating loss carry forwards (34.0 %) (34.0 %) Income tax provision 0 % 0 % |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | December 31, December 31, 2015 2014 Deferred tax asset $ 11,439,102 $ 11,058,529 Valuation allowance (11,439,102 ) (11,058,529 ) Deferred tax asset net of valuation allowance $ - $ - Changes in valuation allowance $ 0 $ 0 |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | December 31, December 31, 2015 2014 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 |
Summary of Tax Credit Carryforwards [Table Text Block] | 2024-12-31 - 2028-12-31 $ 3,401,000 2029-12-31 - 2031-12-31 $ 5,717,000 2032-12-31 - 2035-12-31 $ 2,321,102 |
NOTE 2 - SUMMARY OF SIGNIFICA26
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2015 | Dec. 31, 2014 | |
Accounting Policies [Abstract] | ||
Goodwill, Impairment Loss | $ 0 | $ 0 |
Research and Development Expense | $ 0 | $ 0 |
NOTE 3 - GOING CONCERN (Details
NOTE 3 - GOING CONCERN (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2015 | Dec. 31, 2014 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $ (20,264,834) | $ (2,139,966) |
Working Capital | 6,034,907 | |
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | $ (6,034,907) | $ (5,310,283) |
NOTE-4 - NOTE RECEIVABLE (Detai
NOTE-4 - NOTE RECEIVABLE (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 17, 2013 | |
Receivables [Abstract] | |||
Accounts Receivable, Gross, Noncurrent | $ 285,000 | ||
Interest Receivable | $ 0.08 | ||
Allowance for Doubtful Accounts Receivable, Write-offs | $ 290,827 | $ 290,827 | |
Accounts Receivable, Net, Current | $ 0 |
NOTE 5 - ACCRUED EXPENSES AND29
NOTE 5 - ACCRUED EXPENSES AND SUNDRY CURRENT LIABILITIES (Details) - Accrued Expenses - USD ($) | Dec. 31, 2015 | Dec. 31, 2014 |
Accrued Expenses [Abstract] | ||
Accrued interest | $ 290,114 | $ 111,436 |
Accrued interest-related party | 131,543 | 86,117 |
Accrued compensation | 502,844 | 425,517 |
Accounts payable | 240,000 | 240,000 |
Accrued operating expenses | 556,978 | 445,042 |
$ 1,721,479 | $ 1,308,112 |
NOTE 6 - CONVERTIBLE NOTES PA30
NOTE 6 - CONVERTIBLE NOTES PAYABLE (Details) | 12 Months Ended | |
Dec. 31, 2015USD ($)shares | Dec. 31, 2014USD ($)shares | |
Convertible Note Payable [Abstract] | ||
Debt Instrument, Convertible, Conversion Ratio | 0.50 | |
Debt Instrument, Interest Rate, Effective Percentage | 5.00% | |
Proceeds from Convertible Debt | $ 18,500 | $ 86,500 |
Debt Instrument, Default Amount | 140,000 | |
Debt Conversion, Converted Instrument, Amount | 1,973 | 186,312 |
Interest Expense, Debt | $ 54,952 | $ 738,564 |
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | shares | 393,000 | 1,841,012 |
NOTE 6 - CONVERTIBLE NOTES PA31
NOTE 6 - CONVERTIBLE NOTES PAYABLE (Details) - Convertible Notes Payable - USD ($) | Dec. 31, 2015 | Dec. 31, 2014 |
Convertible Notes Payable [Abstract] | ||
$ 571,193 | ||
571,193 | ||
$ 521,640 | ||
Loans | 1,026,185 | |
Balance, December 31, 2015 | $ 1,026,185 | |
Balance, December 31, 2014 | $ 973,206 |
NOTE 7 - NOTE PAYABLE - STOCK32
NOTE 7 - NOTE PAYABLE - STOCKHOLDERS (Details) | 12 Months Ended | |||
Dec. 31, 2015USD ($)shares | Dec. 31, 2015USD ($)shares | Dec. 31, 2014USD ($)shares | Dec. 31, 2014USD ($)shares | |
Note Payable Stockholder [Abstract] | ||||
Increase (Decrease) in Accrued Salaries | $ 85,499 | |||
Due to Officers or Stockholders | $ 1,396,679 | $ 1,396,679 | ||
Debt Instrument, Interest Rate, Stated Percentage | 5.00% | 5.00% | ||
Accrued Interest, Stockholders | $ 66,280 | $ 66,280 | $ 56,589 | $ 56,589 |
Debt Conversion, Converted Instrument, Amount | $ 1,973 | $ 186,312 | ||
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | shares | 393,000 | 1,841,012 | ||
Notes Payable | 311,487 | $ 311,487 | ||
Loans Payable | $ 28,500 | $ 28,500 | ||
Debt Instrument, Interest Rate During Period | 8.00% | |||
Debt Instrument, Convertible, Conversion Ratio | 0.50 | |||
Debt Instrument, Interest Rate, Effective Percentage | 5.00% | 5.00% | ||
Proceeds from Convertible Debt, Shareholder | $ 0 | $ 23,528 | ||
Debt Conversion, Converted Instrument, Amount, Shareholder | 0 | 48,616 | ||
Interest Expense, Debt | $ 54,952 | $ 738,564 | ||
Debt Instrument, Converted Instrument, Shares Issued, Shareholder (in Shares) | shares | 0 | 655,621 |
NOTE 7 - NOTE PAYABLE - STOCK33
NOTE 7 - NOTE PAYABLE - STOCKHOLDERS (Details) - Notes Payable Stockholder, Outstanding - USD ($) | Dec. 31, 2015 | Dec. 31, 2014 |
Notes Payable Stockholder, Outstanding [Abstract] | ||
$ 1,396,679 | ||
1,396,679 | $ 1,311,180 | |
Loans | 1,736,666 | |
Balance, December 31, 2015 | 1,736,666 | 1,370,760 |
Balance, December 31, 2014 | $ 1,736,666 | $ 1,370,760 |
NOTE 8 - DERIVATIVE LIABILITI34
NOTE 8 - DERIVATIVE LIABILITIES (Details) | 12 Months Ended |
Dec. 31, 2015 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Fair Value Assumptions, Risk Free Interest Rate | 0.14% |
Fair Value Assumptions, Minimum Expected Volatility Rate | 881.00% |
Fair Value Assumptions, Maximum Expected Volatility Rate | 1319.00% |
NOTE 8 - DERIVATIVE LIABILITI35
NOTE 8 - DERIVATIVE LIABILITIES (Details) - Derivative Liability - USD ($) | Dec. 31, 2015 | Dec. 31, 2014 |
Derivative Liability [Abstract] | ||
$ 815,979 | $ 72,222 | |
Total | $ 1,375,577 | $ 1,483,205 |
NOTE 8 - DERIVATIVE LIABILITI36
NOTE 8 - DERIVATIVE LIABILITIES (Details) - Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis - USD ($) | 11 Months Ended | 12 Months Ended | ||
Dec. 03, 2015 | Dec. 03, 2014 | Dec. 31, 2015 | Dec. 31, 2014 | |
Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis [Abstract] | ||||
Derivative Financial Instruments | $ 1,375,577 | $ 1,483,205 | $ 1,375,577 | $ 1,483,205 |
NOTE 8 - DERIVATIVE LIABILITI37
NOTE 8 - DERIVATIVE LIABILITIES (Details) - Financial Assests and Liabilities Measured at Fair Value on a Recurring Basis - USD ($) | 11 Months Ended | 12 Months Ended | ||
Dec. 03, 2015 | Dec. 03, 2014 | Dec. 31, 2015 | Dec. 31, 2014 | |
Financial Assests and Liabilities Measured at Fair Value on a Recurring Basis [Abstract] | ||||
Derivative Financial Instruments | $ 1,375,577 | $ 1,483,205 | $ 1,375,577 | $ 1,483,205 |
NOTE 8 - DERIVATIVE LIABILITI38
NOTE 8 - DERIVATIVE LIABILITIES (Details) - Derivative Liability Activity - USD ($) | 12 Months Ended | |
Dec. 31, 2015 | Dec. 31, 2014 | |
Derivative Liability Activity [Abstract] | ||
Balance December 31 | $ 72,222 | |
Gain on change in fair value of the derivative | (105,671) | $ 306,696 |
Settled upon conversion of debt | (1,957) | (623,280) |
Balance December 31 | $ 815,979 | $ 72,222 |
NOTE 8 - DERIVATIVE LIABILITI39
NOTE 8 - DERIVATIVE LIABILITIES (Details) - Derivative Liability Activity - USD ($) | 12 Months Ended | |
Dec. 31, 2015 | Dec. 31, 2014 | |
Derivative Liability Activity [Abstract] | ||
Balance December 31 (in Shares) | 1,483,205 | 1,589,616 |
Addition of new derivative | $ 80,325 | |
Day one loss due to derivative | 129,848 | |
Loss on change in fair value of the derivative | $ (105,671) | 306,696 |
Settled upon conversion of debt | $ (1,957) | $ (623,280) |
Balance December 31 (in Shares) | 1,483,205 |
NOTE 9 - CAPITAL STOCK (Details
NOTE 9 - CAPITAL STOCK (Details) - $ / shares | Dec. 31, 2015 | Dec. 31, 2014 |
Stockholders' Equity Note [Abstract] | ||
Common Stock, Shares Authorized | 10,000,000,000 | 10,000,000,000 |
Common Stock, Par or Stated Value Per Share (in Dollars per share) | $ 0.00001 | $ 0.00001 |
Common Stock, Shares, Issued | 3,249,327,026 | 3,934,026 |
NOTE 9 - CAPITAL STOCK (Detai41
NOTE 9 - CAPITAL STOCK (Details) - Convertible Debt Activity 2015 - USD ($) | 12 Months Ended | |
Dec. 31, 2015 | Dec. 31, 2014 | |
Convertible Debt Activity 2015 [Abstract] | ||
$ 324,500 | $ 268,402 | |
393,000 | (371,000) | |
Loans converted | 1,973 | 186,312 |
Common shares of the Company | $ 3,245,393,000 | $ 2,496,633 |
NOTE 9 - CAPITAL STOCK (Detai42
NOTE 9 - CAPITAL STOCK (Details) - Convertible Debt Activity 2014 - USD ($) | 12 Months Ended | |
Dec. 31, 2015 | Dec. 31, 2014 | |
Convertible Debt Activity 2014 [Abstract] | ||
$ 324,500 | $ 268,402 | |
2,200 | ||
(393,000) | 371,000 | |
Loans converted | 1,973 | 186,312 |
Interests converted | 33,474 | |
Common shares of the Company | $ 3,245,393,000 | $ 2,496,633 |
NOTE 10 - INCOME TAXES (Details
NOTE 10 - INCOME TAXES (Details) | Dec. 31, 2015USD ($) |
Income Tax Disclosure [Abstract] | |
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration | $ 11,439,102 |
NOTE 10 - INCOME TAXES (Detai44
NOTE 10 - INCOME TAXES (Details) - Deferred Tax Assets and Liabilities | 12 Months Ended | |
Dec. 31, 2015 | Dec. 31, 2014 | |
Deferred Tax Assets and Liabilities [Abstract] | ||
Statutory tax rate | 34.00% | 34.00% |
Net operating loss carry forwards | (34.00%) | (34.00%) |
Income tax provision | 0.00% | 0.00% |
NOTE 10 - INCOME TAXES (Detai45
NOTE 10 - INCOME TAXES (Details) - Components Deferred Tax Assets and Liabilities - USD ($) | Dec. 31, 2015 | Dec. 31, 2014 |
Components Deferred Tax Assets and Liabilities [Abstract] | ||
Deferred tax asset | $ 11,439,102 | $ 11,058,529 |
Valuation allowance | (11,439,102) | (11,058,529) |
Changes in valuation allowance | $ 0 | $ 0 |
NOTE 10 - INCOME TAXES (Detai46
NOTE 10 - INCOME TAXES (Details) - Income Tax Provision (Benefit) - USD ($) | 12 Months Ended | |
Dec. 31, 2015 | Dec. 31, 2014 | |
Income Tax Provision (Benefit) [Abstract] | ||
Current | $ 0 | $ 0 |
Deferred | 0 | 0 |
Change in valuation allowance | 0 | 0 |
Income tax provision (benefit) | $ 0 | $ 0 |
NOTE 10 - INCOME TAXES (Detai47
NOTE 10 - INCOME TAXES (Details) - Net Operating Loss Carryforwards - USD ($) | Dec. 31, 2035 | Dec. 31, 2031 | Dec. 31, 2028 |
Net Operating Loss Carryforwards [Abstract] | |||
$ 2,321,102 | $ 5,717,000 | $ 3,401,000 |
NOTE 11 - COMMITMENTS AND CON48
NOTE 11 - COMMITMENTS AND CONTINGENCIES (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Commitments and Contingencies Disclosure [Abstract] | |||
Occupancy, Net | $ 24,012 | $ 26,012 | $ 24,000 |
NOTE 12 - RELATED PARTY TRANS49
NOTE 12 - RELATED PARTY TRANSACTIONS (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2015 | Dec. 31, 2014 | |
Related Party Transactions [Abstract] | ||
Accrued Salaries | $ 85,499 | |
Debt Instrument, Interest Rate, Effective Percentage | 5.00% | |
Interest Expense, Related Party | $ 111,498 | $ 97,523 |
Stock Issued During Period, Value, Issued for Services | $ 324,500 | |
Stock Issued During Period, Shares, Issued for Services (in Shares) | 3,245,000,000 | |
Extinguishment of Debt, Amount | $ 19,145,500 |
NOTE 13 - SUBSEQUENT EVENTS (De
NOTE 13 - SUBSEQUENT EVENTS (Details) | Mar. 31, 2017USD ($) |
Subsequent Events [Abstract] | |
Contractual Obligation | $ 50,000 |