Premier Products (PMPG) 10-K 15 Apr 19 2018 FY Annual report Financial data

Document and Entity Information

Document and Entity Information	12 Months Ended
	Dec. 31, 2018USD ($)shares
Document and Entity Information [Abstract]
Entity Registrant Name	Premier Product Group, Inc.
Entity Central Index Key	0001301838
Amendment Flag	false
Current Fiscal Year End Date	--11-25
Document Type	10-K
Document Period End Date	Dec. 31, 2018
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2018
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	No
Entity Filer Category	Smaller Reporting Company
Entity Public Float | $	$ 1,484,889
Entity Common Stock, Shares Outstanding | shares	285,555,605

Balance Sheets

Balance Sheets - USD ($)	Dec. 31, 2018	Dec. 31, 2017
ASSETS
Cash	$ 0	$ 84
Total Current Assets	0	84
TOTAL ASSETS	0	84
Liabilities
Accounts payable and accrued expenses	237,340	209,171
Accounts payable and accrued expenses - related parties
Contingent liability - legal	197,283	187,283
Contingent liability - notes	225,200	225,200
Derivative liability - warrants	7,254	6,842
Notes payable	404,291	306,445
Total Current Liabilities	1,071,368	934,942
Total Liabilities	1,071,368	934,942
Stockholders' Equity (Deficit)
Common stock, $0.001 par value, 500,000,000 shares authorized, authorized, 285,555,605 and 220,211,936 shares issued and outstanding, respectively.	2,856	2,202
Additional paid-in capital	6,253,949	5,228,557
Accumulated deficit	(7,328,172)	(6,165,616)
Total Stockholders' Equity (Deficit)	(1,071,368)	(934,857)
TOTAL LIABILITIES AND EQUITY	$ 0	$ 84

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.00001	$ 0.00001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	285,555,605	220,211,936
Common stock,shares outstanding	285,555,605	220,211,936
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	51	51
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0

Statements of Operations

Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Income Statement [Abstract]
REVENUE
COST OF SALES
GROSS PROFIT
OPERATING EXPENSES
Depreciation expense
Administrative expense	83,045
Professional Fees	67,109	13,733
General & Administrative	2,493
Total Expenses	152,647	13,733
LOSS FROM OPERATIONS	(152,647)	(13,733)
Other Income
Gain on discharge of debt		130,600
Gain (Loss) on Derivative Liability	(412)	5,649
Total Other Income	(412)	136,249
Other Expenses
Interest Expense - accrued	28,623	45,020
Loss on issuance of shares for debt	980,874	149,234
Total Other Expenses	1,009,497	194,245
Net Other Income (Expense)	(1,010,321)	(58,005)
LOSS BEFORE INCOME TAXES	(1,162,556)	(71,738)
PROVISION FOR INCOME TAXES
Net loss	$ (1,162,556)	$ (71,738)
BASIC AND DILUTED LOSS PER COMMON SHARE	$ 0	$ 0
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC AND DILUTED	285,555,605	215,843,883

Statements of Changes in Shareh

Statements of Changes in Shareholders Deficit - USD ($)	Common Stock	Preferred Stock	Additional Paid-in Capital	Accumulated Deficit	Total
Beginning Balance at Dec. 31, 2016	$ 1,935	$ 0	$ 4,972,335	$ (6,093,878)	$ (1,119,608)
Beginning Balance (in shares) at Dec. 31, 2016	193,503,096	51
Common shares issued for debt	$ 257		242,831		243,088
Common shares issued for debt, shares	27,708,840
Common shares issued for settlement agreement	$ 10		13,390		13,400
Common shares issued for settlement agreement, shares	1,000,000
Net loss				(71,738)	(71,738)
Ending Balance at Dec. 31, 2017	$ 2,202	$ 0	5,228,556	(6,165,616)	(934,857)
Ending Balance (in shares) at Dec. 31, 2017	220,211,936	51
Common shares issued for debt	$ 653		1,025,392		1,026,045
Common shares issued for debt, shares	65,343,669
Net loss				(1,162,556)	(1,162,556)
Ending Balance at Dec. 31, 2018	$ 2,855	$ 0	$ 6,253,948	$ (7,328,172)	$ (1,071,368)
Ending Balance (in shares) at Dec. 31, 2018	285,555,605	51

Statements of Cash Flows

Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (1,162,556)	$ (71,738)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation
Loss (gain) in derivative liability	412	(5,649)
Loss on issuance of shares for debt	980,874	149,234
Changes in operating assets and liabilities:
Loss (gain) on discharge of debt		(130,600)
Increase in contingent liabilities	10,000	10,000
Accounts payable and accrued expenses	28,168	(63,334)
Stock issued for compensation	45,172	93,854
Stock issued for settlement agreement		144,000
Net Cash Used in Operating Activities	(97,930)	(61,941)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment
Net Cash Used in Investing Activities
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from notes payable, net	97,846	61,941
Proceeds from related party advances and notes
Net Cash Provided by Financing Activities	97,846	61,941
NET INCREASE (DECREASE) IN CASH	(84)	0
CASH AT BEGINNING OF PERIOD	84	84
CASH AT END OF PERIOD	0	84
CASH PAID FOR:
Interest
Income Taxes
NON-CASH FINANCING ACTIVITIES
Accounts payable transfer to notes payable
Fair value of common stock issued to retire debt and accrued interest	$ 1,026,045	$ 243,088

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization Premier Products Group. Inc (“the Company”) was organized under the laws of the State of Utah on November 14, 1979 as Valley High Oil, Gas & Minerals, Inc. In April 2004, the Company reincorporated into the state of Nevada by merging with Valley High Mining, Inc, a Nevada corporation and wholly-owned subsidiary of the Company, which was incorporated on February 27, 2004. The Nevada corporation was the surviving entity. The Company changed its domicile to the state of Wyoming on February 3, 2016 and changed its name to Premier Products Group, Inc. in April 2016. During the current fiscal year, the Company changed its domicile to the state of Delaware in February of 2018. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Income Taxes The Company accounts for income taxes in accordance with ASC Topic No. 740, “Accounting for Income Taxes”. This statement requires an asset and liability approach for accounting for income taxes. The Company adopted the provisions of ASC Topic No. 740, “Accounting for Income Taxes,” on January 1, 2007. As a result of the implementation of ASC Topic No. 740, the Company recognized no liability for unrecognized tax liabilities. The Company has no tax positions at December 31, 2018 and 2017 for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility. Loss Per Share The computation of loss per share is based on the weighted average number of shares outstanding during the period presented in accordance with ASC Topic No. 260, “Earnings Per Share.” Cash and Cash Equivalents The Company considers all highly liquid investments purchased with a maturity of three months or less to be cash equivalents. Fair Value of Financial Instruments The Company’s financial instruments consist principally of cash, amounts due to a related party, accounts payable and accrued expenses, and derivative liabilities. ASC 820, Fair Value Measurements and Disclosures, and ASC 825, Financial Instruments, establish a framework for measuring fair value, establish a fair value hierarchy based on the quality of inputs used to measure fair value, and enhance disclosure requirements for fair value measurements. The Company utilizes various types of financing to fund its business needs, including warrants not indexed to the Company’s stock. The Company is required to record its derivative instruments at their fair value. Changes in the fair value of derivatives are recognized in earnings in accordance with ASC 815. The fair value of the derivative instruments are determined based on “Level 3” inputs, which consist of inputs that are both unobservable and significant to the overall fair value measurement. We believe that the recorded values of all of our other financial instruments approximate their current fair values because of their nature and respective relatively short maturity dates or durations. The Company has categorized its financial instruments, based on the priority of inputs to the valuation technique, into a three-level fair value hierarchy. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). Financial assets and liabilities recorded on the balance sheet are categorized based on the inputs to the valuation techniques as follows: Level 1 Financial assets and liabilities for which values are based on unadjusted quoted prices for identical assets or liabilities in an active market that management has the ability to access. Level 2 Financial assets and liabilities for which values are based on quoted prices in markets that are not active or model inputs that are observable either directly or indirectly for substantially the full term of the asset or liability (commodity derivatives and interest rate swaps). Level 3 Financial assets and liabilities for which values are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. These inputs reflect management’s own assumptions about the assumptions a market participant would use in pricing the asset or liability. When the inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company conducts a review of fair value hierarchy classifications on a quarterly basis. Changes in the observability of valuation inputs may result in a reclassification for certain financial assets or liabilities. Recently Issued Accounting Pronouncements Management has considered all recent accounting pronouncements issued since the last audit of our financial statements. The Company’s management believes that these recent pronouncements will not have a material effect on the Company’s financial statements. FASB ASU 2018-03 “Fair Value Measurement (ASC 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement” – FASB ASU 2016-15 “Statement of Cash Flows (Topic 230)” – Management has evaluated other recently issued accounting pronouncements and does not believe that any of these pronouncements will have a significant impact on our consolidated financial statements and related disclosures.

Going Concern

Going Concern	12 Months Ended
	Dec. 31, 2018
Going Concern [Abstract]
GOING CONCERN	NOTE 2 – GOING CONCERN The Company's financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has a working capital deficit and has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it consummates a business combination. If the Company is unable to obtain adequate capital, it could be forced to cease operations. In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management's plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking equity and/or debt financing. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

Non-Consolidated Financial Info

Non-Consolidated Financial Information	12 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
NON-CONSOLIDATED FINANCIAL INFORMATION	NOTE 3 – NON-CONSOLIDATED FINANICAL INFORMATION ASSETS AND LIABILITIES – Year Ended December 31, 2018 PARENT SUBSIDIARY ASSETS Current Assets Total Cash on hand $ - $ - Total Current Assets - - Fixed Assets - - TOTAL ASSETS - - Liabilities Accounts payable and accrued expenses $ 30,828 $ 199,956 Contingent liability – legal - 197,283 Contingent liability – notes - 225,200 Derivative liability – warrants - 7,254 Notes payable – related parties - 5,095 Notes payable 117,779 281,417 Total Current Liabilities 148,607 922,761 Total Liabilities $ 148,607 $ 922,761 STATEMENTS OF OPERATION – Year Ended December 31, 2018 PARENT SUBSIDIARY REVENUES $ $ COST OF GOOD - - GROSS PROFIT - - OPERATING EXPENSES Administrative expense 75,000 8,045 General and administrative 2,409 84 Professional Fees 57,109 10,000 TOTAL OPERATING EXPENSES 134,518 18,129 LOSS FROM OPERATIONS (134,518 ) (18,129) OTHER INCOME (EXPENSES) Gain (loss) on derivative liability - (412 ) Interest expense (1,429 ) (27,194 ) Loss on issuance of shares for debt - (980,874) Total Other Income (Expense) (1,429 ) (1,008,480 ) GAIN (LOSS) BEFORE INCOME TAXES (135,947 ) (1,026,609 ) Provision for income taxes - - NET INCOME (LOSS) $ (135,947 ) $ (1,026,609 )

Related Party Transaction

Related Party Transaction	12 Months Ended
	Dec. 31, 2018
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 4 – RELATED PARTY TRANSACTIONS Management Compensation For the fiscal years ended December 31, 2018 and 2017, the Company paid or accrued to its CEO, CFO, and President an aggregate of $0 in compensation and bonuses. During the fiscal year ended December 31, 2017, the Company eliminated the prior $144,000 accounts payable liability to a prior President under a settlement agreement. Office Space For the fiscal years ended December 31, 2018 and 2017, the utilitzed approximately 400 square feet of executive office space in Silver Spring, MD, without charge, on a month to month basis from our current CEO.

Advances and Notes Payable to R

Advances and Notes Payable to Related Parties	12 Months Ended
	Dec. 31, 2018
Advances and Notes Payable to Related Parties [Abstract]
ADVANCES AND NOTES PAYABLE TO RELATED PARTIES	NOTE 5 – ADVANCES AND NOTES PAYABLE TO RELATED PARTIES Advances and notes payable to related parties at December 31, 2018 and 2017 had an outstanding balance of $0 and $0, respectively.

Notes Payable and Derivative Li

Notes Payable and Derivative Liability	12 Months Ended
	Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
NOTES PAYABLE AND DERIVATIVE LIABILITY	NOTE 6 – NOTES PAYABLE AND DERIVATIVE LIABILITY Notes Payable At fiscal year ended December 31, 2018, the Company had third party notes payable and accrued interest in the amount of $404,291 compared to $306,445 in the prior fiscal year. The notes included notes to eleven unaffiliated parties at interest rates of between 6% and 10% per year. The notes expire between 2015 and 2019 fiscal years and are not secured by collateral of the Company. Several of these notes are in default and the Company is in communication with the holders to resolve these outstanding issues. The notes are convertible into common stock, at the election of the holder, at discounts of between 40% and 50%. Two additional notes, totaling $11,250 are convertible into common stock of the Company at $0.001. Additionally, the Company is carrying $225,200 in notes payable contingent liability representing three prior notes that are either in dispute or the Company is unable to substantiate. Gain on Discharge of Debt During the fiscal year ended December 31, 2017, the Company recognized a Gain on Discharge of Debt in the amount of $130.600. Derivative Liability The Company entered into an agreement which has been accounted for as a derivative. The Company has recorded a loss contingency associated with this agreement because it is both probable that a liability had been incurred and the amount of the loss can reasonably be estimated. The main factors that will affect the fair value of the derivative are the number of the Company’s shares outstanding post acquisition or post offering and the resulting market capitalization. ASC Topic 815 (“ASC 815”) requires that all derivative financial instruments be recorded on the balance sheet at fair value. Fair values for exchange traded securities and derivatives are based on quoted market prices. Where market prices are not readily available, fair values are determined using market based pricing models incorporating readily observable market data and requiring judgment and estimates. The Company issued warrants and has evaluated the terms and conditions of the conversion features contained in the warrants to determine whether they represent embedded or freestanding derivative instruments under the provisions of ASC 815. The Company determined that the conversion features contained in the warrants represent freestanding derivative instruments that meet the requirements for liability classification under ASC 815. As a result, the fair value of the derivative financial instruments in the warrants is reflected in the Company’s balance sheet as a liability. The fair value of the derivative financial instruments of the warrants was measured at the inception date of the warrants and each subsequent balance sheet date. Any changes in the fair value of the derivative financial instruments are recorded as non-operating, non-cash income or expense at each balance sheet date. The Company valued the conversion features in its warrants using the Black-Scholes model. The Black-Scholes model values the embedded derivatives based on a risk-free rate of return of 0.0131%, grant dates at December 31, 2017 and December 31, 2018, the term of the warrant extending 3 years from the date of a “reverse merger”, conversion of warrant shares is equal to 0.005% of the then outstanding common stock of the company, the conversion price is $0.001, current stock prices on the measurement date ranging from $0.0044 to $0.0255, and the computed measure of the Company’s stock volatility, ranging from 220% to 382%. Included in the December 31, 2018 and 2017 financial statements is a derivative liability in the amount of $7,254 and $6,842, respectively, to account for this transaction. It is revalued quarterly henceforth and adjusted as a gain or loss to the consolidated statements of operations depending on its value at that time. Included in our Consolidated Statements of Operations for the years ended December 31, 2018 and 2017 are $(412) and $5,649 in change of fair value of derivative in non-cash charges pertaining to the derivative liability as it pertains to the gain (loss) on derivative liability and debt discount, respectively. Derivative Liability December 31, 2018 December 31, 2017 Estimated number of underlying shares 1,427,780 1,101,060 Estimated market price per share $ 0.00 $ 0.00 Exercise price per share $ 0.00 $ 0.00 Expected volatility 382 % 417 % Expected dividends 0 % 0 % Expected term (in years) 3.00 3.00 The following presents the Company’s fair value hierarchy for assets and liabilities measured at fair value on a recurring basis at December 31, 2018. These items are included in “derivative liability” on the consolidated balance sheet. Fair Value Measurements on a Recurring Basis Level 1 Level 2 Level 3 Total December 31, 2017 Liabilities: Derivative liability $ — $ — $ 6,842 $ 6,842 Total liabilities at fair value $ — $ — $ 6,842 $ 6,842 December 31, 2018 Liabilities: Derivative liability $ — $ — $ 7,254 $ 7,254 Total liabilities at fair value $ — $ — $ 7,254 $ 7,254 The main factors that will affect the fair value of the derivative are the number of shares outstanding post acquisition or post offering and the resulting market capitalization. In order to estimate a range for the potential contingent liability, the Company estimated the future number of surviving shares and resulting market cap from a reverse merger based on a sample of reverse mergers completed by OTCBB companies during 2018 and 2017. The following is a reconciliation of the beginning and ending balances for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the years ended December 31, 20178 and 2017: 2018 2017 Beginning balance, January 1, $ (6,842 ) $ (12,491 ) Total gains (losses) included in earnings (412 ) 5,649 Ending balance, December 31, $ (7,254 ) $ (6,842 )

Accounts Payable and Accrued Ex

Accounts Payable and Accrued Expenses	12 Months Ended
	Dec. 31, 2018
Payables and Accruals [Abstract]
ACCOUNTS PAYABLE AND ACCRUED EXPENSES	NOTE 7 – ACCOUNTS PAYABLE AND ACCRUED EXPENSES For the fiscal year ended December 31, 2018 and 2017, the Company recorded accounts payable and accrued expenses in the amounts of $193,600 and $219,171, respectively. The accounts payable and accrued expenses are a combination of legal and professional fees.

Capital Stock

Capital Stock	12 Months Ended
	Dec. 31, 2018
Stockholders' Equity Note [Abstract]
CAPITAL STOCK	NOTE 8 – CAPITAL STOCK The Company has authorized 500,000,000 shares of common stock with a par value of $0.0001. At December 31, 2018 and 2017, the Company had 285,555,605 and 220,211,936 shares issued and outstanding, respectively. During the year ended December 31, 2018, the Company moved its domicile from Wyoming to Delaware and affirmed its par valued at $0.00001 per share. During the year ended December 31, 2017 a total of 25,708,840 shares of common stock were issued for the retirement of $93,854 in debt and accrued interest. The Company recognized a combined loss of $ 149,234 on the conversions. During the year ended December 31, 2017, 1,000,000 shares of common stock of the Company, valued at $13,400, was issued in settlement of $144,000 in accrued payables. During the year ended December 31, 2018 a total of 65,343,669 shares of common stock were issued for the retirement of $45,172 in debt and accrued interest. The Company recognized a combined loss of $ 980,874 on the conversions.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2018
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 9 – INCOME TAXES ASC 740 requires the reduction of deferred tax assets by a valuation allowance if, based on the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. In the Company’s opinion, it is uncertain whether they will generate sufficient taxable income in the future to fully utilize the net deferred tax asset. Accordingly, a valuation allowance equal to the deferred tax asset has been recorded. The total deferred tax asset is calculated by multiplying a 21% marginal tax rate by the cumulative net operating losses of $2,052,107. The total valuation allowance is equal to the total deferred tax asset. The tax effects of significant items comprising the Company's net deferred taxes as of December 31, 2018 and 2017 were as follows: 2018 2017 Cumulative net operating losses $ 2,095,847 $ 1,943,200 Deferred tax assets: (21% Federal, 0% Delaware) Net operating loss carry forwards 440,128 408,072 Valuation allowance (440,128 ) (408,072 ) $ — $ — The income tax provision differs from the amount of income tax determined by applying the combined U.S. federal and state income tax rates of 21% to pretax income from continuing operations for the years ended December 31, 2018 and 2017 due to the following: 2017 2016 Tax benefit at statutory rate $ (2,884 ) $ (2,884 ) Common stock for services — — (Gain) loss on derivative liability 412 (5,649 ) Debt discount — — Change in valuation allowance 2,472 8,533 Actual tax expense $ — $ — The Company’s net operating loss carry forwards of approximately $2,095,847 expire in various years through 2038. The Company has not evaluated the impact of possible limitations on the utilization of its net operating loss carry forwards in future years under Section 382, if any, as a result of any changes in control.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 10 – COMMITMENTS AND CONTINGENCIES Contingent Liabilities The Company recorded contingent liabilities for the fiscal year ended December 31, 2018 in the amount of $422,483. The contingent liability includes $197,283 for settlement of an arbitration dispute plus accrued interest and fees, and a $75,000 note payable, as further defined below, and two additional prior notes payable in the amount $10,000 and $140,200. The Company was notified through its confirmation process that a prior law firm intends to file for the collection of prior fees accrued to them in the amount of $92,000. The Company has included penalties and interest in the amount of $14,884 in its payables to account for the possible loss for a total of $106,884. Former CEO Fraud / Maleficence In October 2015, the Company entered into an agreement with Iconic Holdings (“Iconic”) with our then current CEO, Richard Johnson (“Johnson”). The note on the books for $30,000 was intended to go to a law firm for preparing an S-1 in the amount of $5,000,000, according to the executed term sheet. It is known that based on the financial status of Valley High Mining at the time, there was no way a $5,000,000 S-1 was going to get approved. Two things happened during that transaction, 1) Iconic did not send the funds to the law firm as was stated in the Term Sheet, it was sent to the Company whereby Johnson paid some of the funds to himself; and 2) Iconic executed a "2nd Note" of $75,000 as consideration for the S-1, but no real consideration was given, except to say that Iconic would provide the S-1 funding, which was not possible. The events were all presented to Iconic, including the fact that Johnson signed it as sole director and never had Board consent (from Peter Bianchi, the second director at the time). Iconic agreed that it did not add up. The Company stated that Iconic should not be held accountable for Johnson's potential fraudulent act and that the Company would honor the $30,000 ($25,000 net amount) that Iconic wired to the Company. However, assuming that Iconic is familiar with S-1 filings and the funding in the amount of $5,000,000, they should know that the deal structure was not plausible, and therefore no consideration was being given for the $75,000 second note. Therefore, Iconic should have no claim to the second note and the Company will take legal action to defend (including both notes for fraud if needed). However, an additional second contingency for the face value of the $75,000 note is being added as a legal contingency until the matter is resolved. Legal proceedings On February 24, 2015, the Company was named a defendant in a complaint filed by John Michael Coombs in the Third Judicial District Court in and For Salt Lake County, State of Utah, alleging, among other things, Breach of Contract, in connection with a Warrant Agreement issued by the Company to Mr. Coombs in 2010. Management has informed Mr. Coombs that it fully intends to honor the Warrant Agreement and is in discussions to settle this matter. The Company carries this liability on its balance sheet as a derivative liability. In March 2014, the Company entered into a settlement agreement with one of its former CEO’s Andrew Telsey. A dispute arose with respect to the Company’s performance under such settlement agreement and, in accordance with the terms of such agreement, such party moved for arbitration to resolve such dispute. An agreement was reached in April 2015 during arbitration; however, the Company was unable to perform under the settlement agreement. The Company has recorded a liability in the amount of $125,000, plus accrued interest and fees, to account for a total liability of $187,283, which was recorded as a judgment amount in September 2016. The Company was notified through its confirmation process that a prior law firm intends to file for the collection of prior fees accrued to them in the amount of $92,000. The Company has not stated a position related to the accrual or outcome of the amount, but the Company has included penalties and interest in the amount of $14,884 in its payables to account for the possible loss for a total of $106,884. Derivative Liability As described in Note 6, the Company entered into a warrant agreement which has been accounted for as a derivative. The Company has accrued a loss contingency associated with this agreement because it is both probable that a liability had been incurred and the amount of the loss can reasonably be estimated. The fair value of this liability is closely linked to whether the Company enters a reverse merger, initiates a public offering of stock or engages in a similar transaction. The Company believes that the realization of one or more of these events in the near future is probable and when realized, it could have a material effect on the value of the derivative liability recorded. The main factors that will affect the fair value of the derivative are the number of shares outstanding post acquisition or post offering and the resulting market capitalization. In order to estimate a range for the potential contingent liability, the Company utilized the Black-Scholes method in calculating the value of the warrant derivative.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2018
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 11 – SUBSEQUENT EVENTS On March 22, 2019, the holder of the 51 shares of Series B Preferred shares sold the shares to Parashar Patel and Jimmy Lee, jointly under a Stock Purchase Agreement, which constitutes a change of control. Mr. Patel and Mr. Lee are officers and directors of the Company. In conjunction with the change of control, our then current CEO, Clifford Pope, resigned his officer and director positions and Mr. Parashar Patel replaced him on the board of directors and as CEO effective following approval of the Form 14C filing.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Organization	Organization Premier Products Group. Inc (“the Company”) was organized under the laws of the State of Utah on November 14, 1979 as Valley High Oil, Gas & Minerals, Inc. In April 2004, the Company reincorporated into the state of Nevada by merging with Valley High Mining, Inc, a Nevada corporation and wholly-owned subsidiary of the Company, which was incorporated on February 27, 2004. The Nevada corporation was the surviving entity. The Company changed its domicile to the state of Wyoming on February 3, 2016 and changed its name to Premier Products Group, Inc. in April 2016. During the current fiscal year, the Company changed its domicile to the state of Delaware in February of 2018.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Income Taxes	Income Taxes The Company accounts for income taxes in accordance with ASC Topic No. 740, “Accounting for Income Taxes”. This statement requires an asset and liability approach for accounting for income taxes. The Company adopted the provisions of ASC Topic No. 740, “Accounting for Income Taxes,” on January 1, 2007. As a result of the implementation of ASC Topic No. 740, the Company recognized no liability for unrecognized tax liabilities. The Company has no tax positions at December 31, 2018 and 2017 for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility.
Loss Per Share	Loss Per Share The computation of loss per share is based on the weighted average number of shares outstanding during the period presented in accordance with ASC Topic No. 260, “Earnings Per Share.”
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments purchased with a maturity of three months or less to be cash equivalents.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company’s financial instruments consist principally of cash, amounts due to a related party, accounts payable and accrued expenses, and derivative liabilities. ASC 820, Fair Value Measurements and Disclosures, and ASC 825, Financial Instruments, establish a framework for measuring fair value, establish a fair value hierarchy based on the quality of inputs used to measure fair value, and enhance disclosure requirements for fair value measurements. The Company utilizes various types of financing to fund its business needs, including warrants not indexed to the Company’s stock. The Company is required to record its derivative instruments at their fair value. Changes in the fair value of derivatives are recognized in earnings in accordance with ASC 815. The fair value of the derivative instruments are determined based on “Level 3” inputs, which consist of inputs that are both unobservable and significant to the overall fair value measurement. We believe that the recorded values of all of our other financial instruments approximate their current fair values because of their nature and respective relatively short maturity dates or durations. The Company has categorized its financial instruments, based on the priority of inputs to the valuation technique, into a three-level fair value hierarchy. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). Financial assets and liabilities recorded on the balance sheet are categorized based on the inputs to the valuation techniques as follows: Level 1 Financial assets and liabilities for which values are based on unadjusted quoted prices for identical assets or liabilities in an active market that management has the ability to access. Level 2 Financial assets and liabilities for which values are based on quoted prices in markets that are not active or model inputs that are observable either directly or indirectly for substantially the full term of the asset or liability (commodity derivatives and interest rate swaps). Level 3 Financial assets and liabilities for which values are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. These inputs reflect management’s own assumptions about the assumptions a market participant would use in pricing the asset or liability. When the inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company conducts a review of fair value hierarchy classifications on a quarterly basis. Changes in the observability of valuation inputs may result in a reclassification for certain financial assets or liabilities.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Management has considered all recent accounting pronouncements issued since the last audit of our financial statements. The Company’s management believes that these recent pronouncements will not have a material effect on the Company’s financial statements. FASB ASU 2018-03 “Fair Value Measurement (ASC 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement” – FASB ASU 2016-15 “Statement of Cash Flows (Topic 230)” – Management has evaluated other recently issued accounting pronouncements and does not believe that any of these pronouncements will have a significant impact on our consolidated financial statements and related disclosures.

Non-Consolidated Financial In_2

Non-Consolidated Financial Information (Tables)	12 Months Ended
	Dec. 31, 2018
Non-consolidated Financial Information
Schedule of non-consolidated financial information	ASSETS AND LIABILITIES – Year Ended December 31, 2018 PARENT SUBSIDIARY ASSETS Current Assets Total Cash on hand $ - $ - Total Current Assets - - Fixed Assets - - TOTAL ASSETS - - Liabilities Accounts payable and accrued expenses $ 30,828 $ 199,956 Contingent liability – legal - 197,283 Contingent liability – notes - 225,200 Derivative liability – warrants - 7,254 Notes payable – related parties - 5,095 Notes payable 117,779 281,417 Total Current Liabilities 148,607 922,761 Total Liabilities $ 148,607 $ 922,761 STATEMENTS OF OPERATION – Year Ended December 31, 2018 PARENT SUBSIDIARY REVENUES $ $ COST OF GOOD - - GROSS PROFIT - - OPERATING EXPENSES Administrative expense 75,000 8,045 General and administrative 2,409 84 Professional Fees 57,109 10,000 TOTAL OPERATING EXPENSES 134,518 18,129 LOSS FROM OPERATIONS (134,518 ) (18,129) OTHER INCOME (EXPENSES) Gain (loss) on derivative liability - (412 ) Interest expense (1,429 ) (27,194 ) Loss on issuance of shares for debt - (980,874) Total Other Income (Expense) (1,429 ) (1,008,480 ) GAIN (LOSS) BEFORE INCOME TAXES (135,947 ) (1,026,609 ) Provision for income taxes - - NET INCOME (LOSS) $ (135,947 ) $ (1,026,609 )

Notes Payable and Derivative _2

Notes Payable and Derivative Liability (Tables)	12 Months Ended
	Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of fair value of derivative liability	December 31, 2018 December 31, 2017 Estimated number of underlying shares 1,427,780 1,101,060 Estimated market price per share $ 0.00 $ 0.00 Exercise price per share $ 0.00 $ 0.00 Expected volatility 382 % 417 % Expected dividends 0 % 0 % Expected term (in years) 3.00 3.00
Summary of fair value hierarchy for assets and liabilities	Fair Value Measurements on a Recurring Basis Level 1 Level 2 Level 3 Total December 31, 2017 Liabilities: Derivative liability $ — $ — $ 6,842 $ 6,842 Total liabilities at fair value $ — $ — $ 6,842 $ 6,842 December 31, 2018 Liabilities: Derivative liability $ — $ — $ 7,254 $ 7,254 Total liabilities at fair value $ — $ — $ 7,254 $ 7,254
Reconciliation of the beginning and ending balances for assets and liabilities	2018 2017 Beginning balance, January 1, $ (6,842 ) $ (12,491 ) Total gains (losses) included in earnings (412 ) 5,649 Ending balance, December 31, $ (7,254 ) $ (6,842 )

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Summary of net deferred taxes	2018 2017 Cumulative net operating losses $ 2,095,847 $ 1,943,200 Deferred tax assets: (21% Federal, 0% Delaware) Net operating loss carry forwards 440,128 408,072 Valuation allowance (440,128 ) (408,072 ) $ — $ —
Summary of income tax provision	2017 2016 Tax benefit at statutory rate $ (2,884 ) $ (2,884 ) Common stock for services — — (Gain) loss on derivative liability 412 (5,649 ) Debt discount — — Change in valuation allowance 2,472 8,533 Actual tax expense $ — $ —

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details Narrative)	12 Months Ended
	Dec. 31, 2018
Summary of significant accounting policies (Textual)
Incorporation date	Feb. 27, 2004

Non-Consolidated Financial In_3

Non-Consolidated Financial Information (Balance Sheet- Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Current Assets
Total Cash on hand	$ 0	$ 84
Total Current Assets	0	84
TOTAL ASSETS	0	84
Liabilities
Accounts payable and accrued expenses	237,340	209,171
Contingent liability – notes	225,200	225,200
Derivative liability – warrants	7,254	6,842
Notes payable – related parties	7,254	6,842
Notes payable	404,291	306,445
Total Current Liabilities	1,071,368	934,942
Total Liabilities	1,071,368	$ 934,942
Parent
Current Assets
Total Cash on hand
Total Current Assets
Fixed Assets
TOTAL ASSETS
Liabilities
Accounts payable and accrued expenses	30,828
Contingent liability – legal
Contingent liability – notes
Derivative liability – warrants
Notes payable – related parties
Notes payable	117,779
Total Current Liabilities	148,607
Total Liabilities	148,607
Subsidiary
Current Assets
Total Cash on hand
Total Current Assets
Fixed Assets
TOTAL ASSETS
Liabilities
Accounts payable and accrued expenses	199,956
Contingent liability – legal	197,283
Contingent liability – notes	225,200
Derivative liability – warrants	5,095
Notes payable – related parties	5,095
Notes payable	281,417
Total Current Liabilities	922,761
Total Liabilities	$ 922,761

Non-Consolidated Financial In_4

Non-Consolidated Financial Information (Statement of Operations- Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
REVENUES
COST OF GOOD
GROSS PROFIT
Professional Fees	67,109	13,733
Total Expenses	152,647	13,733
LOSS FROM OPERATIONS	(152,647)	(13,733)
OTHER INCOME (EXPENSES)
Gain (loss) on derivative liability	(412)	5,649
Interest expense	28,623	45,020
Loss on issuance of shares for debt	980,874	149,234
Total Other Income (Expense)	(1,009,497)	(194,245)
LOSS BEFORE INCOME TAXES	(1,162,556)	(71,738)
Provision for income taxes
Net loss	(1,162,556)	$ (71,738)
Parent
REVENUES
COST OF GOOD
GROSS PROFIT
Administrative expense	75,000
General and administrative	2,409
Professional Fees	57,109
Total Expenses	134,518
LOSS FROM OPERATIONS	(134,518)
OTHER INCOME (EXPENSES)
Gain (loss) on derivative liability
Interest expense	(1,429)
Loss on issuance of shares for debt
Total Other Income (Expense)	(1,429)
LOSS BEFORE INCOME TAXES	(135,947)
Provision for income taxes
Net loss	(135,947)
Subsidiary
REVENUES
COST OF GOOD
GROSS PROFIT
Administrative expense	8,045
General and administrative	84
Professional Fees	10,000
Total Expenses	18,129
LOSS FROM OPERATIONS	(18,129)
OTHER INCOME (EXPENSES)
Gain (loss) on derivative liability	(412)
Interest expense	(27,194)
Loss on issuance of shares for debt	(980,874)
Total Other Income (Expense)	(1,008,480)
LOSS BEFORE INCOME TAXES	(1,026,609)
Provision for income taxes
Net loss	$ (1,026,609)

Notes Payable and Derivative _3

Notes Payable and Derivative Liability (Details) - $ / shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Summary of fair value of derivative liability
Estimated number of underlying shares	1,427,780	1,101,060
Estimated market price per share	$ 0	$ 0
Exercise price per share	$ 0	$ 0
Expected volatility	382.00%	417.00%
Expected dividends	0.00%	0.00%
Expected term (in years)	3 years	3 years

Notes Payable and Derivative _4

Notes Payable and Derivative Liability (Details 1) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Liabilities:
Derivative Liability	$ 7,254	$ 6,842
Total liabilities at fair value	7,254	6,842
Fair Value, Inputs, Level 1 [Member]
Liabilities:
Derivative Liability
Total liabilities at fair value
Fair Value, Inputs, Level 2 [Member]
Liabilities:
Derivative Liability
Total liabilities at fair value
Fair Value, Inputs, Level 3 [Member]
Liabilities:
Derivative Liability	7,254	6,842
Total liabilities at fair value	$ 7,254	$ 6,842

Notes Payable and Derivative _5

Notes Payable and Derivative Liability (Details 2) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Beginning balance	$ (6,842)	$ (12,491)
Total gains (losses) included in earnings	(412)	5,649
Ending balance	$ (7,254)	$ (6,842)

Accounts Payable And Accrued _2

Accounts Payable And Accrued Expenses (Details Narrative) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Payables and Accruals [Abstract]
Accounts payable and accrued expenses	$ 193,600	$ 219,171

Income Taxes (Details)

Income Taxes (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Cumulative net operating losses	$ 2,095,847	$ 1,943,200
Deferred tax assets: (21% Federal, 0% Delaware)
Net operating loss carry forwards	440,128	408,072
Valuation allowance	(440,128)	(408,072)
Deferred tax assets, net

Income Taxes (Details 1)

Income Taxes (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Tax benefit at statutory rate	$ (2,884)	$ (2,884)
Common stock for services
(Gain) loss on derivative liability	412	(5,649)
Debt discount
Change in valuation allowance	2,472	8,533
Actual tax expense