| Document and Entity Information - shares | 3 Months Ended | |
| Mar. 31, 2017 | May 09, 2017 | |
| Document and Entity Information [Abstract] | ||
| Entity Registrant Name | OLB GROUP, INC. | |
| Entity Central Index Key | 1,314,196 | |
| Amendment Flag | false | |
| Current Fiscal Year End Date | --12-31 | |
| Document Type | 10-Q | |
| Trading Symbol | OLBG | |
| Document Period End Date | Mar. 31, 2017 | |
| Document Fiscal Year Focus | 2,017 | |
| Document Fiscal Period Focus | Q1 | |
| Entity Filer Category | Smaller Reporting Company | |
| Entity Common Stock, Shares Outstanding | 13,479,297 |
| Condensed Balance Sheets - USD ($) | Mar. 31, 2017 | Dec. 31, 2016 |
| CURRENT ASSETS | ||
| Cash | $ 1,421 | $ 1,160 |
| Total Current Assets | 1,421 | 1,160 |
| OTHER ASSETS | ||
| Internet domain | 4,965 | 4,965 |
| TOTAL ASSETS | 6,386 | 6,125 |
| CURRENT LIABILITIES | ||
| Accounts payable | 40,846 | 41,934 |
| Accrued expenses | 19,388 | |
| Accrued compensation | 184,825 | 124,636 |
| Loans payable, related party | 178,500 | 163,000 |
| Total Current Liabilities | 423,559 | 329,570 |
| TOTAL LIABILITIES | 423,559 | 329,570 |
| STOCKHOLDERS' DEFICIT | ||
| Preferred stock, $0.01 par value, 50,000,000 shares authorized, no shares outstanding | ||
| Common stock, $0.0001 par value; 200,000,000 shares authorized, 13,479,297 and 13,479,297 shares issued and outstanding, respectively | 1,348 | 1,348 |
| Additional paid-in capital | 14,956,850 | 14,956,850 |
| Accumulated deficit | (15,375,371) | (15,281,643) |
| Total Stockholders' Deficit | (417,173) | (323,445) |
| TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $ 6,386 | $ 6,125 |
| Condensed Balance Sheets (Parenthetical) - $ / shares | Mar. 31, 2017 | Dec. 31, 2016 |
| Statement of Financial Position [Abstract] | ||
| Preferred stock, par value | $ 0.01 | $ 0.01 |
| Preferred stock, shares authorized | 50,000,000 | 50,000,000 |
| Preferred stock, shares outstanding | ||
| Common stock, par value | $ 0.0001 | $ 0.0001 |
| Common stock, shares authorized | 200,000,000 | 200,000,000 |
| Common stock, shares issued | 13,479,297 | 13,479,297 |
| Common stock, shares outstanding | 13,479,297 | 13,479,297 |
| Condensed Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | |
| Mar. 31, 2017 | Mar. 31, 2016 | |
| REVENUE: | ||
| Subscription program | $ 12,523 | $ 26,039 |
| Development | 2,975 | |
| Net revenue | 15,498 | 26,039 |
| Cost of revenue | 5,469 | 5,685 |
| Gross margin | 10,029 | 20,354 |
| OPERATING EXPENSES: | ||
| Officer's compensation | 68,750 | 68,750 |
| General and administrative expenses | 27,478 | 25,323 |
| Total operating expenses | 96,228 | 94,073 |
| Loss from operations | (86,199) | (73,719) |
| OTHER EXPENSE: | ||
| Interest expense | (7,529) | |
| Total Other Expense | (7,529) | |
| Loss before income taxes | (93,728) | (73,719) |
| Provision for income taxes | ||
| NET LOSS | $ (93,728) | $ (73,719) |
| BASIC LOSS PER SHARE | $ (0.01) | $ (0.01) |
| BASIC WEIGHTED AVERAGE SHARES | 13,479,297 | 13,479,297 |
| Condensed Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
| Mar. 31, 2017 | Mar. 31, 2016 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net loss | $ (93,728) | $ (73,719) |
| Changes in assets and liabilities: | ||
| Accounts payable and accrued expenses | 18,300 | 270 |
| Accrued officer compensation | 60,189 | 67,563 |
| Net Cash Used in Operating Activities | (15,239) | (5,886) |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Advance from an officer | 7,580 | |
| Proceeds from related party notes payable | 15,500 | |
| Net Cash Provided by Financing Activities | 15,500 | 7,580 |
| NET CHANGE IN CASH | 261 | 1,694 |
| CASH - BEGINNING OF PERIOD | 1,160 | 2,875 |
| CASH - END OF PERIOD | 1,421 | 4,569 |
| CASH PAID FOR | ||
| Interest | ||
| Income taxes | ||
| Background | 3 Months Ended |
| Mar. 31, 2017 | |
| Background [Abstract] | |
| BACKGROUND | NOTE 1 - BACKGROUND The Company incorporated in the State of Delaware on November 18, 2004 for the purpose of merging with OLB.com (On-line Business), Inc., a New York corporation incorporated in 1993 (“OLB.com”). The merger was done for the purpose of changing our state of incorporation from New York to Delaware. As result of the merger, the Company acquired all of the assets of OLB.com, including its intellectual property assets. In connection with the merger, each of the former common and preferred stockholders of OLB.com received five shares of our common stock in exchange for each outstanding share of OLB.com We currently offer monthly subscription packages which includes a health benefits package. These arrangements are generally renewable monthly and revenue is recognized over the renewal period. We also provide ecommerce development and consulting services on a project by project basis. |
| Summary of Significant Accounting Policies | 3 Months Ended |
| Mar. 31, 2017 | |
| Summary of Significant Accounting Policies [Abstract] | |
| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited interim condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. These unaudited financial statements should be read in conjunction with the audited financial statements and footnotes for the year ended December 31, 2016 included on the Company’s Form 10-K. The results of the three months ended March 31, 2017 are not necessarily indicative of the results to be expected for the full year ending December 31, 2017. Liquidity and Dependency of Related Parties As of March 31, 2017, the Company had a working capital deficiency of $422,138 and a net loss of $93,728 for the three months ended March 31, 2017. The Company’s cash flow used in operating cash flows was $15,239, while $15,500 was provided by financing from a related party. As discussed in Note 3, one of our Directors and his affiliated company has funded the Company with related party loans. The Company plans to continue to use the financial resources of its related parties, if necessary; however, there are no assurances that the Director, or the Company, will be in a financial position to do so. Despite the fact that the Director has confirmed in writing his intention to provide financial support, the Company does not have any written agreements now or in the past with the Director obligating him to fund the future debt or any other obligations. The Director is not otherwise under any legal obligation to provide the Company with capital. If the Director withdraws his financial support to enable the company to fund its current activities, management will be required to reduce the Company’s cash from operations by reducing operating costs. In addition, the Company is working to manage its current liabilities while it continues to make changes in operations to further improve its cash flow and liquidity position. Based upon current cash flow projections, management believes the Company will have sufficient capital resources to meet projected cash flow requirements through the year ended 2017. 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 and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Revenue and cost recognition The Company follows paragraph 605-10-S99-1 of the FASB Accounting Standards Codification for revenue recognition. The Company will recognize revenue when it is realized or realizable and earned. The Company considers revenue realized or realizable and earned when all of the following criteria are met: (i) persuasive evidence of an arrangement exists, (ii) the product has been shipped or the services have been rendered to the customer, (iii) the sales price is fixed or determinable, and (iv) collectability is reasonably assured. Revenue is accounted for gross as a principal versus net as an agent. Revenue is recognized on a gross basis since our company has the risks and rewards of ownership, latitude in selection of vendors and pricing, and bears all credit risk. The Company recognizes revenue on its Omni Commerce Solution licensing when persuasive evidence of an arrangement exists, services have been rendered, the sales price is fixed or determinable, and collection is reasonably assured. Costs are recorded at the time the related revenue is recorded. Payment processing costs are recorded in the period the costs are incurred and customer acquisition costs are comprised primarily of telemarketing costs and service costs and other additional benefit services. Membership Fees The Company recognizes revenues from membership fees for the sales of health-related discount benefit plans as earned as part of the ShopFast program. These arrangements are generally renewable monthly and revenue is recognized over the renewal period. As these products often include elements sold through contracts with third-party providers, the Company considers each contractual arrangement in accordance with the Revenue Recognition topic of the FASB ASC 605. The Company’s current contracts meet these requirements for reporting revenue on a gross basis. The Company records a reduction in revenue for refunds, chargeback’s from credit card companies, and allowances based upon actual history and management’s evaluation of current facts and circumstances. Recent Accounting Pronouncements The Company has reviewed other recently issued accounting pronouncements and plans to adopt those that are applicable to it. The Company does not expect the adoption of any other pronouncements to have an impact on its results of operations or financial position. |
| Related Party Transactions | 3 Months Ended |
| Mar. 31, 2017 | |
| Related Party Transactions [Abstract] | |
| RELATED PARTY TRANSACTIONS | NOTE 3 - RELATED PARTY TRANSACTIONS During the year ended December 31, 2016, the Company borrowed $163,000 from Mr. John Herzog under the terms of a promissory note dated July 12, 2016. The loans are secured by 3,850,000 shares of common stock and mature in three years. Interest accrues at 18% with 12% due and payable on the last day of each month. The remaining 6% of interest is due at maturity. During the three months ended March 31, 2017 Mr. Herzog loaned an additional $15,500. As of March 31, 2017 $178,500 of principal and $15,734 of accrued interest is due. |
| Commitment | 3 Months Ended |
| Mar. 31, 2017 | |
| Commitment [Abstract] | |
| COMMITMENT | NOTE 4 - COMMITMENT On December 27, 2012 the Company extended the employment agreement with its founder and president for another 5 years to February 28, 2018. The agreement provides for an annual salary of $275,000, fringe benefits ($1,500 monthly automobile allowance, any benefit plans of the Company and 2 weeks paid vacation) and an incentive bonus of $100,000 based on the achievement of certain performance criteria. The extended employment agreement does not provide for stock options. The extended employment agreement also includes a covenant not to compete with the Company for a period of one (1) year after employment ceases. |
| Subsequent Events | 3 Months Ended |
| Mar. 31, 2017 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENTS | NOTE 5 - SUBSEQUENT EVENTS In accordance with ASC 855-10, Subsequent Events |
| Summary of Significant Accounting Policies (Policies) | 3 Months Ended |
| Mar. 31, 2017 | |
| Summary of Significant Accounting Policies [Abstract] | |
| Basis of Presentation | Basis of Presentation The accompanying unaudited interim condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. These unaudited financial statements should be read in conjunction with the audited financial statements and footnotes for the year ended December 31, 2016 included on the Company’s Form 10-K. The results of the three months ended March 31, 2017 are not necessarily indicative of the results to be expected for the full year ending December 31, 2017. |
| Liquidity and Dependency of Related Parties | Liquidity and Dependency of Related Parties As of March 31, 2017, the Company had a working capital deficiency of $422,138 and a net loss of $93,728 for the three months ended March 31, 2017. The Company’s cash flow used in operating cash flows was $15,239, while $15,500 was provided by financing from a related party. As discussed in Note 3, one of our Directors and his affiliated company has funded the Company with related party loans. The Company plans to continue to use the financial resources of its related parties, if necessary; however, there are no assurances that the Director, or the Company, will be in a financial position to do so. Despite the fact that the Director has confirmed in writing his intention to provide financial support, the Company does not have any written agreements now or in the past with the Director obligating him to fund the future debt or any other obligations. The Director is not otherwise under any legal obligation to provide the Company with capital. If the Director withdraws his financial support to enable the company to fund its current activities, management will be required to reduce the Company’s cash from operations by reducing operating costs. In addition, the Company is working to manage its current liabilities while it continues to make changes in operations to further improve its cash flow and liquidity position. Based upon current cash flow projections, management believes the Company will have sufficient capital resources to meet projected cash flow requirements through the year ended 2017. |
| 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 and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. |
| Revenue and cost recognition | Revenue and cost recognition The Company follows paragraph 605-10-S99-1 of the FASB Accounting Standards Codification for revenue recognition. The Company will recognize revenue when it is realized or realizable and earned. The Company considers revenue realized or realizable and earned when all of the following criteria are met: (i) persuasive evidence of an arrangement exists, (ii) the product has been shipped or the services have been rendered to the customer, (iii) the sales price is fixed or determinable, and (iv) collectability is reasonably assured. Revenue is accounted for gross as a principal versus net as an agent. Revenue is recognized on a gross basis since our company has the risks and rewards of ownership, latitude in selection of vendors and pricing, and bears all credit risk. The Company recognizes revenue on its Omni Commerce Solution licensing when persuasive evidence of an arrangement exists, services have been rendered, the sales price is fixed or determinable, and collection is reasonably assured. Costs are recorded at the time the related revenue is recorded. Payment processing costs are recorded in the period the costs are incurred and customer acquisition costs are comprised primarily of telemarketing costs and service costs and other additional benefit services. |
| Membership Fees | Membership Fees The Company recognizes revenues from membership fees for the sales of health-related discount benefit plans as earned as part of the ShopFast program. These arrangements are generally renewable monthly and revenue is recognized over the renewal period. As these products often include elements sold through contracts with third-party providers, the Company considers each contractual arrangement in accordance with the Revenue Recognition topic of the FASB ASC 605. The Company’s current contracts meet these requirements for reporting revenue on a gross basis. The Company records a reduction in revenue for refunds, chargeback’s from credit card companies, and allowances based upon actual history and management’s evaluation of current facts and circumstances. |
| Recent Accounting Pronouncements | Recent Accounting Pronouncements The Company has reviewed other recently issued accounting pronouncements and plans to adopt those that are applicable to it. The Company does not expect the adoption of any other pronouncements to have an impact on its results of operations or financial position. |
| Background (Details) | Mar. 31, 2017shares |
| Background (Textual) | |
| Shares received by former common and preferred stockholders in connection with merger | 5 |
| Summary of Significant Accounting Policies (Details) - USD ($) | 3 Months Ended | |
| Mar. 31, 2017 | Mar. 31, 2016 | |
| Summary of Significant Accounting Policies (Textual) | ||
| Working capital deficiency | $ 422,138 | |
| Net loss | 93,728 | $ 73,719 |
| Operating cash flows | 15,239 | 5,886 |
| Proceeds from Related Party Debt | $ 15,500 | |
| Related Party Transactions (Details) - USD ($) | 3 Months Ended | 12 Months Ended | |
| Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | |
| Related Party Transactions (Textual) | |||
| Borrowed from related party | $ 15,500 | ||
| Mr. John Herzog [Member] | |||
| Related Party Transactions (Textual) | |||
| Borrowed from related party | 15,500 | $ 163,000 | |
| Accrued interest | $ 15,734 | ||
| Secured loans, description | The loans are secured by 3,850,000 shares of common stock and mature in three years. | ||
| Interest accrues, description | Interest accrues at 18% with 12% due and payable on the last day of each month. | ||
| Interest rate | 6.00% | ||
| Debt instrument principle amount | $ 178,500 | ||
| Commitment (Details) - Extended Employment Agreement [Member] - Founder and President [Member] | Dec. 27, 2012USD ($) |
| Commitment (Textual) | |
| Employment agreement, description | The Company extended the employment agreement with its founder and president for another 5 years to February 28, 2018. |
| Annual salary | $ 275,000 |
| Monthly automobile allowance | $ 1,500 |
| Paid vacation period | 14 days |
| Incentive bonus | $ 100,000 |
