Document And Entity Information
Document And Entity Information | 9 Months Ended |
Sep. 30, 2016shares | |
Document and Entity Information [Abstract] | |
Entity Registrant Name | Ecolocap Solutions Inc. |
Document Type | 10-Q |
Current Fiscal Year End Date | --12-31 |
Entity Common Stock, Shares Outstanding | 3,249,327,026 |
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 | Sep. 30, 2016 |
Document Fiscal Year Focus | 2,016 |
Document Fiscal Period Focus | Q3 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Sep. 30, 2016 | Dec. 31, 2015 |
CURRENT ASSETS: | ||
Cash | $ 4,272 | $ 0 |
TOTAL CURRENT ASSETS AND ASSETS | 4,272 | 0 |
CURRENT LIABILITIES: | ||
Customer deposits | 175,000 | 175,000 |
Convertible notes payable | 1,040,838 | 1,026,185 |
Notes payable - related parties | 2,184,042 | 1,736,666 |
Derivative liabilities | 1,795,816 | 1,375,577 |
Accrued expenses and sundry current liabilities - related parties | 1,103,937 | 884,553 |
Accrued expenses and sundry current liabilities | 967,989 | 836,926 |
TOTAL CURRENT LIABILITIES AND TOTAL LIABILITIES | 7,267,622 | 6,034,907 |
STOCKHOLDERS' DEFICIT | ||
Common stock 10,000,000,000 shares authorized, par value $0.00001, 3,249,327,026 shares, issued and outstanding | 32,493 | 32,493 |
Additional paid in capital | 55,964,649 | 55,912,655 |
Accumulated Deficit | (66,001,070) | (65,007,045) |
TOTAL STOCKHOLDERS' DEFICIT -Ecolocap Solutions Inc. | (10,003,928) | (9,061,897) |
Non-controlling interest | 2,740,578 | 3,026,990 |
TOTAL STOCKHOLDERS' DEFICIT | (7,263,350) | (6,034,907) |
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $ 4,272 | $ 0 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - $ / shares | Sep. 30, 2016 | Dec. 31, 2015 |
Common stock, shares authorized | 10,000,000,000 | 10,000,000,000 |
Common stock, par value (in Dollars per share) | $ 0.00001 | $ 0.00001 |
Common stock, shares issued | 3,249,327,026 | 3,249,327,026 |
Common stock, shares outstanding | 3,249,327,026 | 3,249,327,026 |
Consolidated Statements of Oper
Consolidated Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | |
Selling, general and administrative | $ 213,139 | $ 218,005 | $ 627,446 | $ 642,101 |
TOTAL OPERATING EXPENSES | 213,139 | 218,005 | 627,446 | 642,101 |
OTHER INCOME (EXPENSES) | ||||
Loss on settlement-note payable related party stockholders (expense) | (19,145,500) | (19,145,500) | ||
Gain (loss) on derivatives liabilities at market | 70,826 | 451,887 | (420,239) | 549,984 |
Interest expense-related parties | (32,121) | (28,197) | (91,378) | (83,645) |
Interest expense | (42,417) | (48,275) | (141,374) | (155,165) |
TOTAL OTHER (EXPENSES) | (3,712) | (18,770,085) | (652,991) | (18,834,326) |
Net (Loss) before non-controlling interest | (216,851) | (18,988,090) | (1,280,437) | (19,476,427) |
Non-controlling interest | (95,551) | (98,820) | (286,412) | (284,616) |
Net (Loss) attributable to Ecolocap Solutions Inc | $ (121,300) | $ (18,889,270) | $ (994,025) | $ (19,191,811) |
Loss Per Common Share-basic and diluted (in Dollars per share) | $ 0 | $ (0.01) | $ 0 | $ (0.02) |
Average weighted Number of Shares-basic and diluted (in Shares) | 3,249,327,026 | 3,129,216,887 | 3,249,327,026 | 1,045,845,550 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | Dec. 31, 2015 | |
Net loss | $ (1,280,437) | $ (19,476,427) | ||
Imputed interests of shareholders loans | 51,994 | 50,730 | ||
Loss on settlement-note payable related party stockholders expense | $ 19,145,500 | 19,145,500 | ||
(Gain) Loss on derivatives liabilities at market | 420,239 | (549,984) | ||
Unpaid penalty interest added to debt principal | 14,653 | 36,314 | ||
Accrued expenses and sundry current liabilities | 790,823 | 579,457 | ||
Net cash (used in) operating activities | (2,728) | (214,410) | ||
Proceeds from loans from related parties | 7,000 | 214,410 | ||
Net cash provided by financing activities | 7,000 | 214,410 | ||
Change in cash | 4,272 | 0 | ||
Cash-beginning of period | 0 | 0 | $ 0 | |
Cash-end of period | $ 0 | 4,272 | 0 | $ 0 |
Conversion of current liabilities, convertible notes payable, notes payable stockholders to common stock | 326,473 | |||
Reclassification of derivative to APIC | (1,957) | |||
Non cash additions of loans from shareholders | 337,500 | $ 270,000 | ||
Expenses paid by a related party on behalf of the Company | $ 102,876 |
NOTE 1 - NATURE OF BUSINESS AND
NOTE 1 - NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 9 Months Ended |
Sep. 30, 2016 | |
Natureof Businessand Summaryof Significant Accounting Policies [Abstract] | |
Nature of Business and Summary of Significant Accounting Policies | NOTE 1 – NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Ecolocap Solutions Inc. ("we", "our", the "Company") is an integrated and complementary network of environmentally focused technology companies that utilize advanced nanotechnology to design, develop and sell cleaner alternative energy products. 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 The Company, through its subsidiary Micro Bubble Technologies Inc. (MBT), developed M-Fuel, an innovative suspension fuel that 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. 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 is designed to reduce the costs associated with food waste disposal and in the process will reduce the environmental impact or methane greenhouse gas production. |
NOTE 2 - BASIS OF PRESENTATION
NOTE 2 - BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 9 Months Ended |
Sep. 30, 2016 | |
Basis Of Presentation And Going Concern [Abstract] | |
Basis of Presentation and Going Concern | NOTE 2 - BASIS OF PRESENTATION AND GOING CONCERN The accompanying unaudited interim consolidated the Company Going Concern The accompanying consolidated Management's plan for the Company's continued existence include selling additional common stock of the Company and borrowing additional funds to pay overhead expenses. With the opportunities egun 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 3 - ACCRUED EXPENSES AND S
NOTE 3 - ACCRUED EXPENSES AND SUNDRY CURRENT LIABILITIES | 9 Months Ended |
Sep. 30, 2016 | |
Payables and Accruals [Abstract] | |
Accounts Payable and Accrued Liabilities Disclosure [Text Block] | NOTE 3 ACCRUED EXPENSES AND SUNDRY CURRENT LIABILITIES Accrued expenses consisted of the following at: September 30 2016 December 31 2015 Accrued interest $ 416,835 $ 290,114 Accrued interest-related parties 170,927 131,543 Accrued compensation-related parties 615,344 502,844 Accounts payable 240,000 240,000 Accrued operating expenses-related parties 317,666 250,166 Accrued operating expenses 311,154 306,812 $ 2,071,926 $ 1,721,479 |
NOTE 4 - CONVERTIBLE NOTES PAYA
NOTE 4 - CONVERTIBLE NOTES PAYABLE | 9 Months Ended |
Sep. 30, 2016 | |
Convertible Note Payable [Abstract] | |
Convertible Note Payable | NOTE 4 NOTES PAYABLE Loans are convertible at amounts ranging from 40% to 60% of the market price of the common shares of the Company at the time of conversion and bear interest rates ranging from 8% to 22% per annum. The increases during the nine month period ended September 30, 2016 and 2015 of $14,653 and $36,314 in non-cash borrowings are related to the default on Tonaquint loans, respectively. During the period ended September 30, 2016, the Company was in default of its convertible notes due to non-repayment which triggered an increase of the outstanding balances. 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 marked to market at each reporting period. All of the convertible notes are in default as of September 30, 2016. There were no conversions of convertible debts during the period ended September 30, 2016. During the year ended December 31, 2015 note payable of $1,973 was converted into 393,000 shares. A summary of the amounts outstanding as of September 30, 2016 and December 31, 2015 are as follows: Balance September 30, 2016 Balance December 31, 2015 Tonaquint $ 585,846 $ 571,193 Redwood Management, LLC 372,992 372,992 Proteus Capital 32,500 32,500 LG Capital 19,500 19,500 GSM Capital Group LLC 30,000 30,000 $ 1,040,838 $ 1,026,185 |
NOTE 5 - PAYABLE - STOCKHOLDERS
NOTE 5 - PAYABLE - STOCKHOLDERS | 9 Months Ended |
Sep. 30, 2016 | |
Payable Stockholder [Abstract] | |
Payable Stockholder | NOTE 5 – NOTES PAYABLE – RELATED PARTIES During the nine month period ended September 30, 2016, note payable to the related parties increased by $337,500, additions of $330,500 are for accrual of unpaid salaries and $7,000 was in cash proceeds. The amount owed to stockholders at September 30, 2016 is $1,741,179. These loans are non interest bearing but interest is being imputed at 5.00% per annum and are payable on demand. An interest amount of $51,994 has been imputed in 2016. There were no conversions during the nine month period ended September 30, 2016. During the year ended December 31, 2015, total loans of $274,500 were converted into 2,745,000,000 shares. During the nine month period ended September 30, 2016, the Company received $104,876 in loans from Hanscom K Inc. The amount owed to Hanscom K. Inc. at September 30, 2016 is $414,363. These loans are non-interest bearing and are payable on demand. During the nine month period ended September 30, 2016, the Company did not receive any loans from RCO Group Inc. The amount owed to RCO Group Inc. at September 30, 2016 is $28,500. These loans bear interest at 8.00% per annum and are payable on demand. A summary of the amounts outstanding as of September 30, 2016 and December 31, 2015 are as follows: Balance September 30, 2016 Balance December 31, 2015 Stockholders $ 1,741,179 $ 1,396,679 Hanscom K. Inc. 414,363 311,487 RCO Group Inc. 28,500 28,500 $ 2,184,042 $ 1,736,666 |
NOTE 6 - DERIVATIVE LIABILITIES
NOTE 6 - DERIVATIVE LIABILITIES | 9 Months Ended |
Sep. 30, 2016 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | NOTE 6 – DERIVATIVE LIABILITIES During the nine month period ended September 30, 2016, the Company recorded various derivative liabilities associated with the convertible notes payable discussed in Note 4. The Company computes the value of the derivative liability at each reporting period using the Black Scholes Method using a risk free rate of 0.14%, volatility rates ranging between 314.00% and 381.00% and a forfeiture rate of 0.00%. The derivative liability at September 30, 2016 and December 31, 2015 are as follows: 2016 2015 Tonaquint $ 900,127 $ 815,979 Proteus Capital Group LLC 70,636 72,221 GSM Capital Group LLC 57,371 66,162 LG Capital 38,992 48,221 Redwood Management, LLC 728,690 372,994 Total $ 1,795,816 $ 1,375,577 Financial assets and liabilities recorded at fair value in our consolidated 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 period ended September 30, 2016 Level 1 Level 2 Level 3 Total Derivative Financial Instruments $ - $ - $ 1,795,816 $ 1,795,816 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 The following table summarizes the derivatives liability from January 1 st Derivative liabilities Balance December 31, 2015 $ 1,375,577 Loss on change in fair value of the derivative 420,239 Balance September 30, 2016 $ 1,795,816 |
NOTE 7 - CAPITAL STOCK
NOTE 7 - CAPITAL STOCK | 9 Months Ended |
Sep. 30, 2016 | |
Stockholders' Equity Note [Abstract] | |
Stockholders' Equity Note Disclosure [Text Block] | NOTE 7 – 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 September 30, 2016 and December 31, 2015. There were no conversion of convertible debts into common shares of the Company during the nine months period ended September 30, 2016. During 2015, the following convertible debt owners converted loans plus accrued interests into common shares of the Company. Loans converted Interest converted Common shares of the Company Tonaquint (Note 4) $ 1,973 $ - 393,000 Accrued compensation 50,000 - 500,000,000 Stockholders (Note 5) 274,500 - 2,745,000,000 Total $ 326,473 $ - 3,245,393,000 |
NOTE 8 - RELATED PARTY TRANSACT
NOTE 8 - RELATED PARTY TRANSACTIONS | 9 Months Ended |
Sep. 30, 2016 | |
Related Party Transactions [Abstract] | |
Related Party Transactions Disclosure [Text Block] | NOTE 8 RELATED PARTY TRANSACTIONS During the nine month period ended September 30, 2016, note payable to the related parties increased by $337,500, additions of $330,500 are for accrual of unpaid salaries and $7,000 was in cash proceeds. These loans carry an interest of 5.00% and are payable on demand. For the periods ended September 30, 2016 and 2015, interest accrued to related parties totaled $91,378 and $83,645. During the nine month period ended September 30, 2016, the Company received $104,876 in loans from Hanscom K Inc. The amount owed to Hanscom K. Inc. at September 30, 2016 is $414,363. These loans are non-interest bearing and are payable on demand. |
NOTE 9 - SUBSEQUENT EVENTS
NOTE 9 - SUBSEQUENT EVENTS | 9 Months Ended |
Sep. 30, 2016 | |
Subsequent Events [Abstract] | |
Subsequent Events [Text Block] | NOTE 9 – SUBSEQUENT EVENTS During the first two quarters of 2017, the following convertible debt owners converted loans plus accrued interests into common shares of the Company. Loans converted Interest converted Common shares of the Company Tonaquint (note 4) $ 96,311 $ 85,990 2,157,581,572 GSM Capital Group LLC (note 4) 28,790 - 436,527,302 LG Capital (note 4) 19,500 7,444 197,116,728 Total $ 144,601 $ 93,434 2,791,225,602 In February 2017, the Company and Hanscom K Inc. jointly and severally entered into a loan agreement for an amount of $485,000 which is subject to annual interest of 16% and matures on November 1, 2017. During May 2017, an aggregate of $108,220 in loans from stockholders were converted into 541,100,000 shares of the common stock. |
NOTE 3 - ACCRUED EXPENSES AND15
NOTE 3 - ACCRUED EXPENSES AND SUNDRY CURRENT LIABILITIES (Tables) | 9 Months Ended |
Sep. 30, 2016 | |
Payables and Accruals [Abstract] | |
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block] | September 30 2016 December 31 2015 Accrued interest $ 416,835 $ 290,114 Accrued interest-related parties 170,927 131,543 Accrued compensation-related parties 615,344 502,844 Accounts payable 240,000 240,000 Accrued operating expenses-related parties 317,666 250,166 Accrued operating expenses 311,154 306,812 $ 2,071,926 $ 1,721,479 |
NOTE 4 - CONVERTIBLE NOTES PA16
NOTE 4 - CONVERTIBLE NOTES PAYABLE (Tables) | 9 Months Ended |
Sep. 30, 2016 | |
Convertible Note Payable [Abstract] | |
Convertible Debt [Table Text Block] | Balance September 30, 2016 Balance December 31, 2015 Tonaquint $ 585,846 $ 571,193 Redwood Management, LLC 372,992 372,992 Proteus Capital 32,500 32,500 LG Capital 19,500 19,500 GSM Capital Group LLC 30,000 30,000 $ 1,040,838 $ 1,026,185 |
NOTE 5 - PAYABLE - STOCKHOLDE17
NOTE 5 - PAYABLE - STOCKHOLDERS (Tables) | 9 Months Ended |
Sep. 30, 2016 | |
Payable Stockholder [Abstract] | |
Schedule of Payable Stockholder | Balance September 30, 2016 Balance December 31, 2015 Stockholders $ 1,741,179 $ 1,396,679 Hanscom K. Inc. 414,363 311,487 RCO Group Inc. 28,500 28,500 $ 2,184,042 $ 1,736,666 |
NOTE 6 - DERIVATIVE LIABILITI18
NOTE 6 - DERIVATIVE LIABILITIES (Tables) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2016 | Dec. 31, 2015 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||
Schedule of Derivative Instruments [Table Text Block] | 2016 2015 Tonaquint $ 900,127 $ 815,979 Proteus Capital Group LLC 70,636 72,221 GSM Capital Group LLC 57,371 66,162 LG Capital 38,992 48,221 Redwood Management, LLC 728,690 372,994 Total $ 1,795,816 $ 1,375,577 | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | Level 1 Level 2 Level 3 Total Derivative Financial Instruments $ - $ - $ 1,795,816 $ 1,795,816 | Level 1 Level 2 Level 3 Total Derivative Financial Instruments $ - $ - $ 1,375,577 $ 1,375,577 |
Description of Derivative Activity Volume | Derivative liabilities Balance December 31, 2015 $ 1,375,577 Loss on change in fair value of the derivative 420,239 Balance September 30, 2016 $ 1,795,816 |
NOTE 7 - CAPITAL STOCK (Tables)
NOTE 7 - CAPITAL STOCK (Tables) | 6 Months Ended | 9 Months Ended |
Jun. 30, 2017 | Sep. 30, 2016 | |
Stockholders' Equity Note [Abstract] | ||
Schedule of Debt Conversions [Table Text Block] | Loans converted Interest converted Common shares of the Company Tonaquint (note 4) $ 96,311 $ 85,990 2,157,581,572 GSM Capital Group LLC (note 4) 28,790 - 436,527,302 LG Capital (note 4) 19,500 7,444 197,116,728 Total $ 144,601 $ 93,434 2,791,225,602 | Loans converted Interest converted Common shares of the Company Tonaquint (Note 4) $ 1,973 $ - 393,000 Accrued compensation 50,000 - 500,000,000 Stockholders (Note 5) 274,500 - 2,745,000,000 Total $ 326,473 $ - 3,245,393,000 |
NOTE 9 - SUBSEQUENT EVENTS (Tab
NOTE 9 - SUBSEQUENT EVENTS (Tables) | 6 Months Ended | 9 Months Ended |
Jun. 30, 2017 | Sep. 30, 2016 | |
Subsequent Events [Abstract] | ||
Schedule of Debt Conversions [Table Text Block] | Loans converted Interest converted Common shares of the Company Tonaquint (note 4) $ 96,311 $ 85,990 2,157,581,572 GSM Capital Group LLC (note 4) 28,790 - 436,527,302 LG Capital (note 4) 19,500 7,444 197,116,728 Total $ 144,601 $ 93,434 2,791,225,602 | Loans converted Interest converted Common shares of the Company Tonaquint (Note 4) $ 1,973 $ - 393,000 Accrued compensation 50,000 - 500,000,000 Stockholders (Note 5) 274,500 - 2,745,000,000 Total $ 326,473 $ - 3,245,393,000 |
NOTE 3 - ACCRUED EXPENSES AND21
NOTE 3 - ACCRUED EXPENSES AND SUNDRY CURRENT LIABILITIES (Details) - Accrued Expenses - USD ($) | Sep. 30, 2016 | Dec. 31, 2015 |
Accrued Expenses [Abstract] | ||
Accrued interest | $ 416,835 | $ 290,114 |
Accrued interest-related parties | 170,927 | 131,543 |
Accrued compensation-related parties | 615,344 | 502,844 |
Accounts payable | 240,000 | 240,000 |
Accrued operating expenses-related parties | 317,666 | 250,166 |
Accrued operating expenses | 311,154 | 306,812 |
$ 2,071,926 | $ 1,721,479 |
NOTE 4 - CONVERTIBLE NOTES PA22
NOTE 4 - CONVERTIBLE NOTES PAYABLE (Details) - USD ($) | 1 Months Ended | 9 Months Ended | 12 Months Ended |
May 31, 2017 | Sep. 30, 2016 | Dec. 31, 2015 | |
Convertible Note Payable [Abstract] | |||
Debt Instrument, Convertible, Minimum Conversion Ratio | 40.00% | ||
Debt Instrument, Convertible, Maximum Conversion Ratio | 60.00% | ||
Debt Instrument, Interest Rate, Minimum Effective Percentage | $ 0.08 | ||
Debt Instrument, Interest Rate, Maximum Effective Percentage | 0.22 | ||
Increase (Decrease) in Notes Payable, Related Parties | $ 14,653 | $ 36,314 | |
Debt Conversion, Converted Instrument, Amount | $ 108,220 | $ 1,973 | |
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 541,100,000 | 393,000 |
NOTE 4 - CONVERTIBLE NOTES PA23
NOTE 4 - CONVERTIBLE NOTES PAYABLE (Details) - Convertible Notes Payable Outstanding | Sep. 30, 2016USD ($) |
Face amount of loans | Convertible Note Payable - Total | |
NOTE 4 - CONVERTIBLE NOTES PAYABLE (Details) - Convertible Notes Payable Outstanding [Line Items] | |
$ 1,040,838 | |
Face amount of loans | Convertible Note Payable - Proteus Capital | |
NOTE 4 - CONVERTIBLE NOTES PAYABLE (Details) - Convertible Notes Payable Outstanding [Line Items] | |
32,500 | |
Face amount of loans | Convertible Note Payable - GSM Capital Group LLC | |
NOTE 4 - CONVERTIBLE NOTES PAYABLE (Details) - Convertible Notes Payable Outstanding [Line Items] | |
30,000 | |
Less Debt Discount | Convertible Note Payable - Total | |
NOTE 4 - CONVERTIBLE NOTES PAYABLE (Details) - Convertible Notes Payable Outstanding [Line Items] | |
1,026,185 | |
Less Debt Discount | Convertible Note Payable - Proteus Capital | |
NOTE 4 - CONVERTIBLE NOTES PAYABLE (Details) - Convertible Notes Payable Outstanding [Line Items] | |
32,500 | |
Less Debt Discount | Convertible Note Payable - GSM Capital Group LLC | |
NOTE 4 - CONVERTIBLE NOTES PAYABLE (Details) - Convertible Notes Payable Outstanding [Line Items] | |
30,000 | |
Convertible Note Payable - Tonaquint | Face amount of loans | |
NOTE 4 - CONVERTIBLE NOTES PAYABLE (Details) - Convertible Notes Payable Outstanding [Line Items] | |
585,846 | |
Convertible Note Payable - Tonaquint | Less Debt Discount | |
NOTE 4 - CONVERTIBLE NOTES PAYABLE (Details) - Convertible Notes Payable Outstanding [Line Items] | |
571,193 | |
Convertible Note Payable - LG Capital | Face amount of loans | |
NOTE 4 - CONVERTIBLE NOTES PAYABLE (Details) - Convertible Notes Payable Outstanding [Line Items] | |
19,500 | |
Convertible Note Payable - LG Capital | Less Debt Discount | |
NOTE 4 - CONVERTIBLE NOTES PAYABLE (Details) - Convertible Notes Payable Outstanding [Line Items] | |
19,500 | |
Convertible Note Payable - Redwood Management, LLC | Face amount of loans | |
NOTE 4 - CONVERTIBLE NOTES PAYABLE (Details) - Convertible Notes Payable Outstanding [Line Items] | |
372,992 | |
Convertible Note Payable - Redwood Management, LLC | Less Debt Discount | |
NOTE 4 - CONVERTIBLE NOTES PAYABLE (Details) - Convertible Notes Payable Outstanding [Line Items] | |
$ 372,992 |
NOTE 5 - PAYABLE - STOCKHOLDE24
NOTE 5 - PAYABLE - STOCKHOLDERS (Details) - USD ($) | 1 Months Ended | 9 Months Ended | 12 Months Ended |
Feb. 28, 2017 | Sep. 30, 2016 | Dec. 31, 2015 | |
Payable Stockholder [Abstract] | |||
Increase (Decrease) in Due to Officers and Stockholders | $ 337,500 | ||
Accrued Salaries | 330,500 | ||
Due to Other Related Parties | 7,000 | ||
Due to Officers or Stockholders | $ 1,741,179 | ||
Debt Instrument, Interest Rate, Stated Percentage | 5.00% | ||
Accrued Interest, Stockholders | $ 51,994 | ||
Debt Conversion, Converted Instrument, Amount, Shareholder | $ 274,500 | ||
Debt Instrument, Converted Instrument, Shares Issued, Shareholder (in Shares) | 2,745,000,000 | ||
Loan Payable, Related Party | 104,876 | ||
Due to Related Parties | 414,363 | ||
Loans Payable | $ 28,500 | ||
Debt Instrument, Interest Rate During Period | 16.00% | 8.00% |
NOTE 5 - PAYABLE - STOCKHOLDE25
NOTE 5 - PAYABLE - STOCKHOLDERS (Details) - Stockholder Notes Payable, Outstanding - USD ($) | Sep. 30, 2016 | Dec. 31, 2015 |
Face amount of loans | Stockholder Note Payable | ||
NOTE 5 - PAYABLE - STOCKHOLDERS (Details) - Stockholder Notes Payable, Outstanding [Line Items] | ||
$ 1,741,179 | ||
Face amount of loans | Stockholder Note Payable - Hanscom K Inc. | ||
NOTE 5 - PAYABLE - STOCKHOLDERS (Details) - Stockholder Notes Payable, Outstanding [Line Items] | ||
414,363 | ||
Stockholder Note Payable - RCO Group Inc. | Face amount of loans | ||
NOTE 5 - PAYABLE - STOCKHOLDERS (Details) - Stockholder Notes Payable, Outstanding [Line Items] | ||
28,500 | ||
Less Debt Discount | Stockholder Note Payable | ||
NOTE 5 - PAYABLE - STOCKHOLDERS (Details) - Stockholder Notes Payable, Outstanding [Line Items] | ||
$ 1,396,679 | ||
Less Debt Discount | Stockholder Note Payable - Hanscom K Inc. | ||
NOTE 5 - PAYABLE - STOCKHOLDERS (Details) - Stockholder Notes Payable, Outstanding [Line Items] | ||
311,487 | ||
Less Debt Discount | Stockholder Note Payable - RCO Group Inc. | ||
NOTE 5 - PAYABLE - STOCKHOLDERS (Details) - Stockholder Notes Payable, Outstanding [Line Items] | ||
28,500 | ||
Stockholder Note Payable - Total | Face amount of loans | ||
NOTE 5 - PAYABLE - STOCKHOLDERS (Details) - Stockholder Notes Payable, Outstanding [Line Items] | ||
$ 2,184,042 | ||
Stockholder Note Payable - Total | Less Debt Discount | ||
NOTE 5 - PAYABLE - STOCKHOLDERS (Details) - Stockholder Notes Payable, Outstanding [Line Items] | ||
$ 1,736,666 |
NOTE 6 - DERIVATIVE LIABILITI26
NOTE 6 - DERIVATIVE LIABILITIES (Details) | 9 Months Ended |
Sep. 30, 2016 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Fair Value Assumptions, Minimum Risk Free Interest Rate | 0.14% |
Fair Value Assumptions, Minimum Expected Volatility Rate | 314.00% |
Fair Value Assumptions, Maximum Expected Volatility Rate | 381.00% |
NOTE 6 - DERIVATIVE LIABILITI27
NOTE 6 - DERIVATIVE LIABILITIES (Details) - Derivative Liability - USD ($) | Sep. 30, 2016 | Dec. 31, 2015 |
Derivative [Line Items] | ||
$ 1,375,577 | ||
Derivative Liability - Redwood Management, LLC | ||
Derivative [Line Items] | ||
$ 728,690 | 372,994 | |
Derivative Liability - GSM Capital Group LLC | ||
Derivative [Line Items] | ||
57,371 | 66,162 | |
Derivative Liability - Total | ||
Derivative [Line Items] | ||
1,795,816 | 1,375,577 | |
Derivative Liability - LG Capital | ||
Derivative [Line Items] | ||
38,992 | 48,221 | |
Derivative Liability - Tonaquint | ||
Derivative [Line Items] | ||
900,127 | 815,979 | |
Derivative Liability - Proteus Capital Group LLC | ||
Derivative [Line Items] | ||
$ 70,636 | $ 72,221 |
NOTE 6 - DERIVATIVE LIABILITI28
NOTE 6 - DERIVATIVE LIABILITIES (Details) - Financial Assets and Liabilities Measured at Fair Value at September 30, 2016 - USD ($) | 1 Months Ended | 9 Months Ended |
Dec. 31, 2015 | Sep. 30, 2016 | |
Financial Assets and Liabilities Measured at Fair Value at September 30, 2016 [Abstract] | ||
Derivative Financial Instruments | $ 1,375,577 | $ 1,795,816 |
NOTE 6 - DERIVATIVE LIABILITI29
NOTE 6 - DERIVATIVE LIABILITIES (Details) - Financial Assets and Liabilities Measured at Fair Value at December 31, 2015 - USD ($) | 1 Months Ended | 9 Months Ended |
Dec. 31, 2015 | Sep. 30, 2016 | |
Financial Assets and Liabilities Measured at Fair Value at December 31, 2015 [Abstract] | ||
Derivative Financial Instruments | $ 1,375,577 | $ 1,795,816 |
NOTE 6 - DERIVATIVE LIABILITI30
NOTE 6 - DERIVATIVE LIABILITIES (Details) - Derivative Liability Activity | 9 Months Ended |
Sep. 30, 2016USD ($) | |
Derivative Liability Activity [Abstract] | |
Balance December 31, 2015 | $ 1,375,577 |
Loss on change in fair value of the derivative | 420,239 |
Balance September 30, 2016 | $ 1,795,816 |
NOTE 7 - CAPITAL STOCK (Details
NOTE 7 - CAPITAL STOCK (Details) - $ / shares | Sep. 30, 2016 | Dec. 31, 2015 |
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 | 3,249,327,026 |
NOTE 7 - CAPITAL STOCK (Detai32
NOTE 7 - CAPITAL STOCK (Details) - Convertible Debt Activity 2015 - USD ($) | 1 Months Ended | 9 Months Ended | 12 Months Ended |
May 31, 2017 | Sep. 30, 2015 | Dec. 31, 2015 | |
Debt Conversion [Line Items] | |||
$ 326,473 | |||
541,100,000 | 393,000 | ||
Loans converted | Convertible Debt Activity - Total | |||
Debt Conversion [Line Items] | |||
$ 326,473 | |||
Loans converted | Convertible Debt Activity - Accrued compensation | |||
Debt Conversion [Line Items] | |||
50,000 | |||
Loans converted | Convertible Debt Activity - Tonaquint | |||
Debt Conversion [Line Items] | |||
$ 1,973 | |||
Common Shares of the Company | Convertible Debt Activity - Total | |||
Debt Conversion [Line Items] | |||
3,245,393,000 | |||
Common Shares of the Company | Convertible Debt Activity - Accrued compensation | |||
Debt Conversion [Line Items] | |||
500,000,000 | |||
Common Shares of the Company | Convertible Debt Activity - Tonaquint | |||
Debt Conversion [Line Items] | |||
393,000 | |||
Convertible Debt Activity - Stockholders | Loans converted | |||
Debt Conversion [Line Items] | |||
$ 274,500 | |||
Convertible Debt Activity - Stockholders | Common Shares of the Company | |||
Debt Conversion [Line Items] | |||
2,745,000,000 |
NOTE 8 - RELATED PARTY TRANSA33
NOTE 8 - RELATED PARTY TRANSACTIONS (Details) - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | Dec. 31, 2015 | |
Related Party Transactions [Abstract] | |||||
Increase (Decrease) in Due to Officers and Stockholders | $ 337,500 | ||||
Accrued Salaries | $ 330,500 | 330,500 | |||
Due to Other Related Parties | $ 7,000 | $ 7,000 | |||
Debt Instrument, Interest Rate, Effective Percentage | 5.00% | 5.00% | |||
Interest Expense, Related Party | $ (32,121) | $ (28,197) | $ (91,378) | $ (83,645) | $ (83,645) |
Loan Payable, Related Party | 104,876 | 104,876 | |||
Due from Related Parties, Current | $ 414,363 | $ 414,363 |
NOTE 9 - SUBSEQUENT EVENTS (Det
NOTE 9 - SUBSEQUENT EVENTS (Details) - USD ($) | 1 Months Ended | 9 Months Ended | 12 Months Ended | |
May 31, 2017 | Feb. 28, 2017 | Sep. 30, 2016 | Dec. 31, 2015 | |
Subsequent Events [Abstract] | ||||
Debt Instrument, Face Amount | $ 485,000 | |||
Debt Instrument, Interest Rate During Period | 16.00% | 8.00% | ||
Debt Conversion, Converted Instrument, Amount | $ 108,220 | $ 1,973 | ||
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 541,100,000 | 393,000 |
NOTE 9 - SUBSEQUENT EVENTS (D35
NOTE 9 - SUBSEQUENT EVENTS (Details) - Convertible Debt Activity 2017 - USD ($) | 1 Months Ended | 6 Months Ended | 12 Months Ended |
May 31, 2017 | Jun. 30, 2017 | Dec. 31, 2015 | |
Debt Conversion [Line Items] | |||
(in Shares) | 541,100,000 | 393,000 | |
Convertible Debt - Tonaquint | |||
Debt Conversion [Line Items] | |||
$ 96,311 | |||
$ 85,990 | |||
(in Shares) | 2,157,581,572 | ||
Convertible Debt - LG Capital | |||
Debt Conversion [Line Items] | |||
$ 19,500 | |||
$ 7,444 | |||
(in Shares) | 197,116,728 | ||
Convertible Debt - Total | |||
Debt Conversion [Line Items] | |||
$ 144,601 | |||
$ 93,434 | |||
(in Shares) | 2,791,225,602 | ||
Convertible Debt - GSM Capital Group LLC | |||
Debt Conversion [Line Items] | |||
$ 28,790 | |||
(in Shares) | 436,527,302 |