Generation Zero (GNZR) 10-Q 30 Oct 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	9 Months Ended
	Sep. 30, 2015shares
Document and Entity Information:
Entity Registrant Name	Generation Zero Group, Inc.
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Amendment Flag	false
Entity Central Index Key	1,390,072
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding	52,065,936
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Trading Symbol	gnzr

GENERATION ZERO GROUP, INC. - C

GENERATION ZERO GROUP, INC. - Consolidated Balance Sheets - USD ($)		Sep. 30, 2015	Dec. 31, 2014
Current Assets:
Cash		$ 1,932	$ 33,071
Total Current Assets		$ 1,932	$ 33,071
Property, plant and equipment, net of accumulated depreciation
Intangible Assets, net of amortization		$ 2,827,019	$ 2,988,846
Total Assets		2,828,951	3,021,920
Current liabilities:
Accounts payable, current		223,009	121,954
Accrued liabilities, current		190,955	160,468
Short-term debt, related party		152,056	28,500
Notes payable, related party	[1]	345,161	345,161
Notes payable, other	[1]	3,294,007	3,294,007
Total Current Liabilities		4,205,188	3,950,090
Notes payable, long term, related party		175,000	175,000
Notes payable, long term, other		110,000	85,000
Total Liabilities		4,490,188	4,210,090
Stockholders' Equity (Deficit):
Preferred Stock, Series A	[2]	1	1
Preferred Stock, Series B	[3]	0	0
Common stock	[4]	52,109	48,644
Additional paid-in capital		6,671,185	6,646,475
Deficit accumulated during the development stage		(8,384,532)	(7,883,291)
Total Stockholders' equity (deficit)		(1,661,237)	(1,188,170)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)		$ 2,828,951	$ 3,021,920
[1]	Due within one year
[2]	$0.001 par value, 10,000,000 shares authorized; 1,000 shares designated; 1,000 shares issued and outstanding
[3]	$0.001 par value, 10,000,000 shares authorized; 2,000,000 shares designated; 0 shares issued and outstanding
[4]	$0.001 par value; 100,000,000 shares authorized; 52,065,936 and 48,643,868 issued and outstanding

Statement of Financial Position

Statement of Financial Position - Parenthetical - $ / shares	Sep. 30, 2015	Dec. 31, 2014
Statement of Financial Position
Common Stock, Par Value	$ 0.001	$ 0.001
Common Stock, Shares Authorized	100,000,000	100,000,000
Common Stock, Shares Issued	52,065,936	48,643,868
Common Stock, Shares Outstanding	52,065,936	48,643,868
Preferred Stock, Par Value	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	1,000	1,000
Preferred Stock, Shares Issued	1,000	1,000
Preferred Stock, Shares Outstanding	1,000	1,000

GENERATION ZERO GROUP, INC.- Co

GENERATION ZERO GROUP, INC.- Consolidated Statements of Operations - USD ($)	3 Months Ended		9 Months Ended		113 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015
Income Statement
Revenues	$ 2,536	$ 14,132	$ 10,065	$ 65,350	$ 522,057
Cost of Sales	4,697	1,815	11,568	1,815	28,456
Gross Profit	(2,161)	12,317	(1,503)	63,535	493,601
Operating Expenses:
General, selling and administrative	57,577	66,376	227,096	225,039	1,648,137
Impairment of oil and gas properties	0	0	0	0	32,520
Impairment of intangible assets	0	0	0	0	1,186,666
Depreciation and amortization	66,667	66,667	200,000	200,000	1,451,091
Total operating expenses	124,244	133,043	427,096	425,039	4,318,414
Operating loss	(126,405)	(120,726)	(428,599)	(361,504)	(3,824,813)
Other revenue and expenses:
Loss from discontinued operations	0	0	0	0	(1,788,987)
Loss on abandonment of assets	0	0	0	0	(3,028)
Forgiveness of debt	$ 0	$ 0	$ 0	$ 0	$ 852,527
Interest income
Interest expense	$ (24,101)	$ (11,889)	$ (72,643)	$ (31,961)	$ (3,620,231)
Net income (loss)	$ (150,506)	$ (132,615)	$ (501,242)	$ (393,465)	$ (8,384,532)
Basic and diluted net loss per common share	$ 0	$ 0	$ (0.01)	$ (0.01)
Weighted average common shares outstanding	53,419,323	48,595,593	53,419,323	48,595,593

GENERATION ZERO GROUP, INC.- C5

GENERATION ZERO GROUP, INC.- Consolidated Statements of Cash Flows - USD ($)	9 Months Ended		113 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015
Cash flows from operating activities:
Net income (loss)	$ (501,242)	$ (393,465)	$ (8,384,532)
Adjustments to reconcile net loss to cash used in operating activities:
Depreciation			4,108
Amortization of debt discount			2,712,733
Amortization of intangible assets	200,000	200,000	1,446,667
Debt used for interest			264
Impairment of oil and gas properties, increase decrease			32,520
Impairment of intangible assets, increase decrease			1,186,666
Stock issued for services	24,710	16,375	56,010
Warrant expense			19,119
Donated Services			65,000
Changes in assets and liabilities:
Accounts payable, increase decrease	101,055	103,628	222,662
Accrued liabilities, increase decrease	30,488	2,137	211,745
Net Cash Provided By (Used In) Operating Activities	(144,989)	(71,326)	(2,427,039)
Cash flows from investing activities:
Purchase of fixed assets			(7,453)
Purchase of intangible assets	(38,170)	(75,549)	(102,390)
Proceeds from sale of properties			29,980
Net Cash Provided By (Used In) Investing Activities	(38,170)	(75,549)	(79,863)
Cash flows from financing activities:
Proceeds from related party debt	123,556	100,000	438,556
Proceeds from third party debt	25,000	49,154	556,210
Repayments of related party debt			(75,694)
Repayments of third party debt		(11,086)	(294,042)
Proceeds from issuance of preferred stock			157,510
Proceeds from issuance of common stock	3,465	(3,275)	1,726,295
Net Cash Provided By (Used In) Financing Activities	152,021	134,793	2,508,835
Net change in cash	(31,139)	(12,082)	1,932
CASH, BEGINNING OF PERIOD	33,071	17,767
CASH, END OF PERIOD	$ 1,932	$ 5,685	$ 1,932

Note 1 - Summary of Significant

Note 1 - Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2015
Notes
Note 1 - Summary of Significant Accounting Policies	NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Business. Generation Zero Group, Inc. (“Generation Zero” or the “Company”) was incorporated in the State of Nevada on May 16, 2006. From inception, until the acquisition of Find.com (as described below), the Company operated as a start-up entity pursuing opportunities in oil and gas exploration and development with a geographic focus in Texas and Louisiana. With the acquisition of Find.com, the Company has made a concerted effort to focus on growing Find.com into a profitable business and other new opportunities and businesses that will attempt to increase the value of the Company’s common stock. Basis of Presentation. The consolidated financial statements of Generation Zero have been prepared by Generation Zero, pursuant to the rules and regulations of the Securities and Exchange Commission and in accordance with accounting principles. Use of Estimates. In preparing financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheet and expenses in the statement of expenses. Actual results could differ from those estimates. Recently Issued Accounting Pronouncements. The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not expect the future adoption of any such pronouncements to have a significant impact on its results of operations, financial condition or cash flow.

Note 2 - Going Concern

Note 2 - Going Concern	9 Months Ended
	Sep. 30, 2015
Notes
Note 2 - Going Concern	NOTE 2 – GOING CONCERN As shown in the accompanying financial statements, Generation Zero incurred net losses of $ 393,465 and $ 501,242 for the nine months ended September 30, 2014 and 2015, respectively, and had an accumulated deficit of $ 8,384,532 as of September 30, 2015. These conditions raise substantial doubt as to Generation Zero’s ability to continue as a going concern. The Company is trying to raise additional capital. The Company is in the process of evaluating both joint venture partners and acquisitions with proven revenue streams. The financial statements do not include any adjustments that might be necessary if Generation Zero is unable to continue as a going concern.

Note 3 - Intangible Assets

Note 3 - Intangible Assets	9 Months Ended
	Sep. 30, 2015
Notes
Note 3 - Intangible Assets	NOTE 3 - INTANGIBLE ASSETS The intangible assets all relate to the URL www.Find.com www.Find.com Technology During April 2010, Generation Zero entered into an Asset Purchase Agreement with Find.com Acquisition, Inc. to acquire all of Find.com Acquisition’s interest in and ownership of the technology assets that powered the operations of the www.Find.com www.Find.com 1,300,000 based upon a fair market valuation report prepared by a third party valuation specialist. The Company issued 10,000,000 shares of restricted common stock as purchase consideration. In January 2011, Find.com Acquisition liquidated its assets and distributed the 10,000,000 shares of Generation Zero’s restricted common stock which it held to its shareholders. The Company began pursuing an alternative strategy for the Find.com URL and opportunities for the Company in the fourth quarter of 2010. Generation Zero as of December 31, 2010 was uncertain as to whether it would be able to utilize the full functionality of the acquired technology assets on future initiatives unrelated to Find.com, and accordingly recorded an impairment charge of $ (1,100,000) based on the fact that the timing of any future initiatives was unknown and uncertain. The technology assets, after the impairment charge, were valued at $ 200,000 . Current management of Generation Zero is in the process of locating the acquired assets to further identify the components, licensed software rights and functionality of the technology assets. Until discovery and evaluation can be completed, the Company has determined that a further impairment charge is appropriate and has thus valued the acquired technology assets at $1. As part of ongoing discovery efforts, current management discovered that Google had placed indexing restrictions against the Find.com URL, although it was still indexing on other major search engines such as Yahoo and Bing. As of approximately June 21, 2014 the Company succeeded in removing the Google penalty, and now has over 46,000 pages indexing on Google. www.Find.com URL (“URL”) On June 30, 2010, Generation Zero entered into a Share Exchange Agreement with various members of Find.com URL Holding LLC, a Georgia limited liability company. Find.com URL Holding LLC owned 100% of the URL known as www.find.com 14,988,567 shares of restricted common stock and secured notes. The URL was valued at $ 4,000,000 based upon a fair market valuation report prepared by a third party valuation specialist. The Company allocated this value to the consideration issued based on the relative fair value of the debt assumed and equity issued related to this purchase. Fair value of the debt was based upon the face value of the instrument while the fair value of the common stock was based on the quoted market price of the stock on June 30, 2010. The secured notes (identified in Note 7 below) were deeply discounted at the time of the transaction, with the discount amortized over the original term of the notes.

Note 4 - Management Reorganizat

Note 4 - Management Reorganization	9 Months Ended
	Sep. 30, 2015
Notes
Note 4 - Management Reorganization	NOTE 4 – MANAGEMENT REORGANIZATION Effective on May 13, 2013, the Company’s then sole Director and officer, Matthew Krieg, resigned and exchanged 1,000 shares of the Company’s Series A Preferred Stock which he held for 3,000,000 shares of the Company’s restricted common stock. On that same date, Cynthia S. White was issued 1,000 new shares of the Company’s Series A Preferred Stock (a transaction which represented a change of control), was appointed as a Director, Chief Executive Officer and President of the Company, and was issued 2,000,000 shares of the Company’s restricted common stock in consideration for serving in these capacities and for services previously rendered to the Company. On that same date, Mr. Krieg authorized and issued 2,000,000 shares of the Company’s restricted common stock to the estate of Ronald Attkisson for services previously rendered to the Company by Mr. Attkisson, and appointed Christine B. Cheney as the Secretary/Treasurer and Chief Financial Officer of the Company. On May 15, 2013, Ms. Cheney was issued 2,000,000 shares of the Company’s restricted common stock in consideration for services previously rendered to the Company and in consideration for agreeing to be appointed as Chief Financial Officer of the Company. On that same date, Brian Waldo was appointed as the Chief Information Officer of the Company and was issued 1,300,000 shares of the Company’s restricted common stock in consideration for services rendered to the Company in connection with the development of the upgraded and redesigned website for Find.com and for agreeing to be appointed as the Company’s Chief Information Officer. Effective on July 22, 2013, Ms. White resigned as President and Chief Executive Officer of the Company and the Board of Directors appointed Richard M. Morrell as the Chief Executive Officer, President and as a Director of the Company to fill the vacancy created by her resignation. The Board of Directors approved the issuance of 1,000,000 shares of the Company’s restricted common stock to Mr. Morrell in consideration for agreeing to serve as an officer and director of the Company and services previously provided to the Company. Effective November 27, 2013, Cynthia S. White resigned as a Director of the Company and as a Director and officer of the Company’s subsidiaries, and sold 1,000 shares of the Company’s Series A Preferred Stock to Richard Morrell.

Note 5 - Contested Legal Claims

Note 5 - Contested Legal Claims	9 Months Ended
	Sep. 30, 2015
Notes
Note 5 - Contested Legal Claims	NOTE 5 – CONTESTED LEGAL CLAIMS On February 12, 2013, Geronimo Property Trust (“Geronimo”) filed a lawsuit against the Company, MedicalWork and StaffMD in the Superior Court of Fulton County, Georgia (File No. 2013CV227180), alleging breach of contract by the Company and MedicalWork, due to the Company’s and MedicalWork’s alleged failure to repay a $250,000 Secured Note (the “Geronimo Note”); unjust enrichment against MedicalWork and StaffMD; fraud against the Company due to alleged breaches of representations made by the Company; and seeking recovery of damages and attorneys’ fees. The suit also sought to enjoin Generation Zero from selling Find.com. The suit claimed that Geronimo never agreed to extend the due date of the Geronimo Note from February 1, 2012 to February 1, 2013 and that a total of approximately $357,500 was due pursuant to the Geronimo Note (including $250,000 of principal, $75,500 of interest and $32,000 of late charges.) Geronimo also alleged that it sent the Company a default notice relating to the Geronimo Note on February 9, 2012, provided that the Company never received such notice. The Geronimo Note had a security interest only in the MedicalWork assets, which are no longer owned by the Company. Jeffrey Sisk has agreed to indemnify the Company from all costs and damages associated from any claims or judgment associated with the Geronimo Note. The Company subsequently filed an answer to the lawsuit, denying Geronimo’s claims, disputing substantially all of Geronimo’s allegations as untrue, and asserting counterclaims against Geronimo including tortious interference with business relations; conspiracy to commit tortious interference with business relations; defamation; conspiracy to commit defamation; breach of contract; fraud; conspiracy to commit fraud; and seeking attorney’s fees and expenses of litigation. Geronimo dropped all fraud claims and contest of the timely extension of the note and the Company dropped all asserted counterclaims against Geronimo. On December 13, 2013, Geronimo was awarded a judgment specifically against the Company in the amount of $386,950 with an interest rate of 24%, ignoring the other defendants in the lawsuit. Shareholders of the Company and Note Holders encouraged management to appeal this judgment. On January 10, 2014 the Company filed an appeal of the judgment. The Company prevailed in a Motion to Supplement the Record which added substantive additional information to the file that was sent to the Appeals Court. On September 26, 2014 the Appeals Court remanded the case to the Trial Court for review and subsequent determination. Effective February 18, 2015, the Trial Court granted the Company’s Motion to Set Aside the Judgment. At this stage of the process and the investigation efforts, the outcome cannot be predicted with any degree of reasonable certainty; however the Company intends to continue to vigorously defend itself against Geronimo’s claims. The Company will also preserve its indemnity rights against Mr. Sisk (who agreed to indemnify it against claims associated with the Geronimo Note) to offset any damages. In the event the Company is not able to recover costs associated with this litigation, it would have a material adverse effect on the results of operations and financial condition and could force the curtailment or abandonment of operations. Additionally, the ongoing litigation could take resources away from the Company’s operations and tie up management’s time, which could further result in a material adverse effect on results of operations and financial condition. Additionally, as a result of discoveries made during investigation efforts associated with the Geronimo Judgment appeal (specifically relating to events from 2010 and 2011 surrounding the Medical Work/StaffMD transactions), on April 29, 2014 the Company filed a Complaint, Civil Action #2014 cv 245686 in the Superior Court of Fulton County, in the State of Georgia, against various defendants in connection with the matters set forth in the Geronimo lawsuit. Pursuant to the Complaint, the Company is pursuing damages which the Company believes were caused by Emanuel Fialkow, Stacey Fialkow, Valerie McLellan and corporate entities they control (collectively, the "Fialkow Entities") acting directly and in concert with others. Generation Zero asserts that during the period of 2010 through 2011 the Fialkow Entities misappropriated money, corporate opportunities, stock and other assets from the Company and its then wholly-owned subsidiary, MedicalWork, LLC, and further breached contractual obligations to the Company and its then wholly-owned subsidiary. As a part of the Motion to Set Aside recently granted on the Geronimo Judgment, the Geronimo lawsuit was combined with this new litigation into one combined case going forward. The Complaint filed by the Company outlines the actions and injuries uncovered thus far by the Company’s investigation and the Company intends to pursue all legal remedies available to it in connection with such Complaint. The outcome of this litigation cannot be predicted with any degree of reasonable certainty; however the Company intends to vigorously assert its legal rights against damages caused.

Note 6 - Related Party Transact

Note 6 - Related Party Transactions	9 Months Ended
	Sep. 30, 2015
Notes
Note 6 - Related Party Transactions	NOTE 6 – RELATED PARTY TRANSACTIONS Generation Zero has borrowed short-term funding from shareholders and directors periodically in the past. The borrowings are due on demand with either ninety days or twelve months and one day’s notice. Cynthia S. White, our former Chief Executive Officer and Director, has loaned the Company $15,000, of which $ 10,000 was converted into a Bridge Note in September 2013 as disclosed in Note 7 below, leaving an outstanding balance of $ 5,000 . Richard M. Morrell, the Company’s current Chief Executive Officer and Director, has loaned the Company $147,056 (not including amounts owed pursuant to Convertible Promissory Notes and other Notes Payable described below). At September 30, 2015 and December 31, 2014, there was an outstanding balance for short-term loans of $152,056 and $36,000, respectively, due to the shareholders and directors of the Company as short-term related party debt. Richard M. Morrell, the Company’s Chief Executive Officer and Director, has loaned the Company $ 372,056 as of September 30, 2015, $ 25,000 of which was evidenced by a Convertible Promissory Note issued July 11, 2013, bearing interest at the rate of 10 % per annum with a maturity date of July 10, 2015; $100,000 of which was evidenced by a Convertible Promissory Note issued December 1, 2013, bearing interest at the rate of 10% per annum with a maturity date of November 30, 2015; $100,000 of which was evidenced by a Convertible Promissory Note issued July 1, 2014, bearing interest at the rate of 10% per annum with a maturity date of June 30, 2016; and $147,056 in short-term funding as disclosed above. The Convertible Promissory Notes are convertible into shares of the Company’s common stock at the option of the holder at a conversion price of $ 0.08 per share. Cynthia S. White, the Company’s former Chief Executive Officer and Director, has loaned the Company $ 113,771 as of September 30, 2015, $ 10,000 of which was evidenced by a Bridge Note as disclosed in Note 7 below, $ 5,000 of which represents short-term funding as disclosed above, and $ 98,771 which was evidenced by a Secured Note entered into on June 30, 2010, as disclosed in Note 7 below. Ms. White’s husband was also a holder of a Secured Note in the amount of $ 57,472 , entered into on June 30, 2010, as disclosed in Note 7 below, and his debt is considered a related party debt. On October 10, 2014, Thomas M. Cheney, the spouse of the Company’s Chief Financial Officer, loaned the Company $ 75,000 , which was evidenced by a Convertible Promissory Note (the “Convertible Note”). The Convertible Note accrues interest at the rate of 10 % per annum (14% per annum upon an event of default) with such interest payable monthly and has a maturity date of October 9, 2016. The Convertible Note is convertible into shares of the Company’s common stock at the option of Mr. Cheney at a conversion price of $ 0.08 per share. The Company is required to provide Mr. Cheney at least thirty days, but not more than sixty days, prior notice in the event the Company desires to pre-pay the Convertible Note. On September 30, 2013, the Company agreed to provide an inter-company line of credit of up to $ 250,000 to the Company’s then newly formed wholly-owned subsidiary, Find.com, Inc., a Nevada corporation (“Find.com”). As of September 30, 2015 and December 31, 2014, $ 89,149 and $ 137,343 , respectively, had been advanced. All advanced amounts bear interest at the rate of 3% per annum and are due and payable six months from the date of each such advance. Advances will be used for operation and business development costs related to the Find.com e-commerce business. Effective on August 1, 2013, the Company’s wholly-owned subsidiary, Find.com URL Holding, provided a one year license to Find.com to use the Find.com URL. This license automatically renews each year unless notice of termination is provided by either party. Pursuant to the terms of the license, Find.com is required to pay 25% of the cash flow in excess of $1 million directly to the Company, which will be used to repay the Notes. The remainder of the funds generated by the Find.com URL is anticipated to be retained by Find.com for operations and business development. The Company owed Scientigo, Inc. $155,000 as part of the Find.com URL transaction referenced in Note 3 above. The Company made payments of $100,000 to Scientigo. The note was assumed by Phoenix Restructuring, Inc. in 2011. The note, with a current principal balance of $ 53,918 , is in default. Management is in negotiations to extend the forbearance period and terms of payment.

Note 7 - Third Party Transactio

Note 7 - Third Party Transactions	9 Months Ended
	Sep. 30, 2015
Notes
Note 7 - Third Party Transactions	NOTE 7 – THIRD PARTY TRANSACTIONS On June 30, 2010, the Company issued secured notes to acquire the Find.com URL as referenced in Note 3 above, in the amount of $3,070,000 bearing interest at the rate of 12% and having a maturity date of December 31, 2011. The Company did not make the required payments under the secured Find.com notes to the holders thereof when due. The Collateral Agent for the Notes declared the Notes in default in November 2010. The Company originally negotiated a Forbearance Agreement with the Note Holders to effect forbearance for four months through March 15, 2011. Generation Zero was not able to meet the terms of the Forbearance Agreement with the secured note holders. In April 2012, the secured note holders, with over majority approval, authorized the Collateral Agent to forbear in the exercise of its rights and remedies under the Secured Notes, Security Agreements, Operating Agreement, Forbearance Agreement and applicable law during a Forbearance Period commencing on June 30, 2010 and ending on the earlier to occur of January 2, 2014 or the date that any Forbearance Default (as defined in the Forbearance Agreement) occurs (the “Forbearance Period”). At the same time, the principal balance remaining on the Secured Notes was confirmed to be $2,920,250 and it was agreed that all accrued interest was forgiven and interest would not accrue or be assessed during the Forbearance Period. As a forbearance fee, Generation Zero agreed to issue 1,460,125 shares of restricted common stock pro-rata with the outstanding principal amount of the Notes held by each holder. A total of 513,352 of these shares have not been physically issued to date and are not included in the number of issued and outstanding shares disclosed throughout this filing. The authorized amendment to the Forbearance Agreement also provided for the restructure of Generation Zero Group, Inc. and the transfer of control from Mr. Krieg; which transfer of control has occurred to date as described in greater detail in Note 4. Further terms of the Forbearance Agreement were not met by January 2, 2014. The forbearance period was subsequently extended to January 2, 2015 and then automatically extended to January 2, 2016. On November 4, 2010, a third party loaned the Company $ 150,000 , which was evidenced by a promissory note in the amount of $250,000 bearing interest at the rate of 12 % per annum with a maturity date of November 4, 2011. The amount of the note represented receipt of $150,000 cash and the assignment of a $100,000 debt owed to the Company’s then sole officer and Director. The Company issued 900,000 shares of restricted common stock in connection with this third party note. The holder of this note agreed to mirror all deferrals and waivers by the Secured Note holders going forward, with forbearance on this note commencing as of January 23, 2014. On November 4, 2010, a third party loaned the Company $ 50,000 , which was evidenced by a promissory note, bearing interest at the rate of 12 % per annum with a maturity date of November 4, 2011. The Company issued the third party an aggregate of 300,000 shares of common stock in connection with this third party note. The holder of this note agreed to mirror all deferrals by the Secured Note holders commencing as of January 2, 2014. In April 2012, four of the Secured Note Holders participated in a non-interest bearing bridge loan for $ 40,000 . The Company issued 400,000 shares of restricted common stock in consideration of this funding. In September 2013, Cynthia S. White, one of the Company’s then directors and a Secured Note Holder converted $10,000 of short-term debt to a $10,000 bridge loan, as disclosed in Note 6 above. The Company issued Ms. White 100,000 shares of restricted common stock in connection with the loan. The Company has satisfied $10,000 of the bridge notes, leaving an outstanding balance of $40,000 at September 30, 2015. On August 15, 2012, a third party loaned the Company $ 200,000 for working capital which was evidenced by a Convertible Promissory Note, bearing interest at the rate of 10 % per annum with a maturity date of August 15, 2014. The Convertible Promissory Note is convertible into shares of the Company’s common stock at the option of the holder at a conversion price of $ 0.08 per share. The holders of this note agreed to extend the maturity date of the note until August 15, 2015. The Company is in current negotiations to extend the maturity date of the note. On December 15, 2014, G. Thomas Lovelace, a Secured Note Holder and a board member of Phoenix Restructuring, Inc., loaned the Company $ 55,000 which was evidenced by a Convertible Promissory Note. The Convertible Note accrues interest at the rate of 10 % per annum (14% per annum upon an event of default) with such interest payable monthly and has a maturity date of December 14, 2016. The Convertible Note is convertible into shares of the Company’s common stock from time to time at the option of the holder at a conversion price of $ 0.08 per share. The Company is required to provide the holder at least thirty days, but not more than sixty days, prior notice in the event the Company desires to pre-pay the Convertible Note. On December 15, 2014, James A. Hendrickson, a Secured Note Holder, loaned the Company $ 30,000 which was evidenced by a Convertible Promissory Note. The Convertible Note accrues interest at the rate of 10 % per annum (14% per annum upon an event of default) with such interest payable month and has a maturity date of December 14, 2016. The Convertible Note is convertible into shares of the Company’s common stock from time to time at the option of the holder at a conversion price of $ 0.08 per share. The Company is required to provide the holder at least thirty days, but not more than sixty days, prior notice in the event the Company desires to pre-pay the Convertible Note. On March 1, 2015, James A. Hendrickson loaned the Company an additional $ 25,000 which was evidenced by another Convertible Promissory Note with substantially similar terms as the note described above, but with a maturity date of February 28, 2017.

Note 8 - Common Stock

Note 8 - Common Stock	9 Months Ended
	Sep. 30, 2015
Notes
Note 8 - Common Stock	NOTE 8 – COMMON STOCK As disclosed in Note 3, Generation Zero issued an aggregate of 24,988,567 shares of common stock to acquire the URL www.find.com As disclosed in Note 4, Generation Zero issued an aggregate of 11,300,000 shares of restricted common stock in conjunction with the restructure of the management team and for past services rendered to the Company in May 2013. As disclosed in Note 7, Generation Zero issued an additional 1,050,000 shares of restricted common stock in conjunction with the issuance of third party notes during November 2010, and issued an additional 150,000 shares of restricted common stock in September 2013 to fulfill prior management commitments relating to an extension on one of the third party notes. As disclosed in Note 7, Generation Zero agreed in April 2012 to issue 1,460,125 shares of restricted common stock pro-rata with the outstanding principal amount of the Secured Notes held by each holder. The Company has issued 946,773 of these shares to date, leaving 513,352 shares which have not been physically issued to date and are not included in the number of issued and outstanding shares disclosed throughout this filing. As disclosed in Note 7, Generation Zero issued the participating Note Holders 500,000 shares of restricted common stock in April 2012 and in September 2013. On February 12, 2014, the Company issued 1,900,000 shares of restricted common stock as compensation to current management and for advisory services rendered to the Company as follows: 600,000 shares to Richard M. Morrell, pursuant to the terms of his consulting agreement; 300,000 shares to Cynthia White for advisory services; 300,000 shares to Christine B. Cheney and 700,000 shares to Brian Waldo. Effective January 1, 2014 the Company and Find.com, Inc. entered into agreements with Christine B. Cheney as Chief Financial Officer, Secretary and Treasurer; and Brian Waldo as Chief Information Officer. On April 16, 2014, the Company issued 295,000 shares of restricted common stock as compensation to current management and for payment of services rendered to the Company as follows: 135,000 shares to Brian Waldo, pursuant to the terms of his consulting agreement; 60,000 shares to Christine B. Cheney, pursuant to the terms of her consulting agreement; and 100,000 shares to a third party vendor as payment in-lieu of cash . On June 30, 2014, the Company issued 295,000 shares of restricted common stock as compensation to current management and for payment of services rendered to the Company as follows: 135,000 shares to Brian Waldo, pursuant to the terms of his consulting agreement; 60,000 shares to Christine B. Cheney, pursuant to the terms of her consulting agreement; and 100,000 shares to a third party vendor as payment in-lieu of cash On July 22, 2014, the Company issued 600,000 shares of restricted common stock as compensation to Richard M. Morrell, pursuant to the terms of his consulting agreement. On September 30, 2014, the Company issued 185,000 shares of restricted common stock as compensation to current management and for payment of services rendered to the Company as follows: 90,000 shares to Brian Waldo, pursuant to the terms of his consulting agreement; 45,000 shares to Christine B. Cheney, pursuant to the terms of her consulting agreement; and 50,000 shares to a marketing consultant. On December 31, 2014, the Company issued 195,000 shares of restricted common stock as compensation to management and for payment of services rendered to the Company as follows: 135,000 to Brian Waldo, pursuant to the terms of his consulting agreement; and 60,000 shares to Christine B. Cheney, pursuant to the terms of her consulting agreement. On March 31, 2015, the Company issued 1,097,500 shares of restricted common stock as compensation to current management as follows: 467,500 shares to Brian Waldo, pursuant to the terms of his consulting agreement valued at $ 2,337.50 and 630,000 shares to Christine B. Cheney, pursuant to the terms of her consulting agreement, valued at $ 3,150 . On April 10, 2015 the Company issued 900,000 shares of common stock to Richard M. Morrell, pursuant to the terms of his consulting agreement, valued at $ 4,500 . On June 30, 2015 the Company issued 60,000 shares of restricted common stock as compensation to Christine B. Cheney, pursuant to the terms of her consulting agreement, valued at $ 300 . On June 30, 2015 the Company issued 1,270,000 shares of restricted common stock, valued at $ 6,350 as compensation to various vendors and consultants working on the Find.com platform.

Note 9 - Preferred Stock

Note 9 - Preferred Stock	9 Months Ended
	Sep. 30, 2015
Notes
Note 9 - Preferred Stock	NOTE 9 – PREFERRED STOCK Series A Preferred Stock Generation Zero has authorized 1,000 shares of Series A Preferred Stock which has a par value of $ 0.001 per share. Each share has no dividend rights, no liquidation preference, and no conversion or redemption rights. The shares of Series A Preferred Stock have the right, voting in aggregate, to vote on all shareholder matters equal to fifty-one percent (51%) of the total vote. As of September 30, 2015, there were 1,000 shares of Series A preferred stock issued and outstanding. Series B Preferred Stock Generation Zero has authorized 2,000,000 shares of Series B Preferred Stock which has a par value of $ 0.001 per share. Each share has no dividend rights, no liquidation preference and no voting rights. The Series B Preferred Stock has a price of $2.50 per share and converts into the Company’s common stock on the basis of one share of Series B Preferred Stock for thirty shares of common stock. As of September 30, 2015, there were no shares of Series B preferred stock issued and outstanding.

Note 10 -- Subsequent Events (u

Note 10 -- Subsequent Events (unaudited)	9 Months Ended
	Sep. 30, 2015
Notes
Note 10 -- Subsequent Events (unaudited)	NOTE 10 –- SUBSEQUENT EVENTS (unaudited)

Note 1 - Summary of Significa16

Note 1 - Summary of Significant Accounting Policies: Nature of Business. (Policies)	9 Months Ended
	Sep. 30, 2015
Policies
Nature of Business.	Nature of Business. Generation Zero Group, Inc. (“Generation Zero” or the “Company”) was incorporated in the State of Nevada on May 16, 2006. From inception, until the acquisition of Find.com (as described below), the Company operated as a start-up entity pursuing opportunities in oil and gas exploration and development with a geographic focus in Texas and Louisiana. With the acquisition of Find.com, the Company has made a concerted effort to focus on growing Find.com into a profitable business and other new opportunities and businesses that will attempt to increase the value of the Company’s common stock.

Note 1 - Summary of Significa17

Note 1 - Summary of Significant Accounting Policies: Basis of Presentation. (Policies)	9 Months Ended
	Sep. 30, 2015
Policies
Basis of Presentation.	Basis of Presentation. The consolidated financial statements of Generation Zero have been prepared by Generation Zero, pursuant to the rules and regulations of the Securities and Exchange Commission and in accordance with accounting principles.

Note 1 - Summary of Significa18

Note 1 - Summary of Significant Accounting Policies: Use of Estimates. (Policies)	9 Months Ended
	Sep. 30, 2015
Policies
Use of Estimates.	Use of Estimates. In preparing financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheet and expenses in the statement of expenses. Actual results could differ from those estimates.

Note 1 - Summary of Significa19

Note 1 - Summary of Significant Accounting Policies: Recently Issued Accounting Pronouncements. (Policies)	9 Months Ended
	Sep. 30, 2015
Policies
Recently Issued Accounting Pronouncements.	Recently Issued Accounting Pronouncements. The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not expect the future adoption of any such pronouncements to have a significant impact on its results of operations, financial condition or cash flow.

Note 2 - Going Concern (Details

Note 2 - Going Concern (Details) - USD ($)	3 Months Ended		9 Months Ended		113 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Dec. 31, 2014
Details
Net income (loss)	$ 150,506	$ 132,615	$ 501,242	$ 393,465	$ 8,384,532
Retained Earnings (Accumulated Deficit)	$ 8,384,532		$ 8,384,532		$ 8,384,532	$ 7,883,291

Note 3 - Intangible Assets (Det

Note 3 - Intangible Assets (Details) - USD ($)	1 Months Ended	113 Months Ended
	Apr. 30, 2010	Sep. 30, 2015	Jun. 30, 2010
Assets, Fair Value Adjustment	$ 1,300,000
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares	10,000,000
Impairment of intangible assets, increase decrease		$ 1,186,666
Find.com
Asset Impairment Charges	$ (1,100,000)
Impairment of intangible assets, increase decrease	$ 200,000
Find.com URL
Restricted Shares Consideration			14,988,567
Investment Owned, Balance, Principal Amount			$ 4,000,000

Note 6 - Related Party Transa22

Note 6 - Related Party Transactions (Details) - USD ($)		Sep. 30, 2015	Dec. 31, 2014	Oct. 10, 2014	Sep. 30, 2013	Jul. 11, 2013	Jun. 30, 2010
Notes payable, related party	[1]	$ 345,161	$ 345,161
Phoenix Restructuring
Due to Related Parties, Current		53,918
Cynthia White
Bridge Loan		10,000			$ 10,000
Due to Related Parties, Current		5,000			5,000		$ 98,771
Related Party Transaction, Due from (to) Related Party		113,771
Secured Demand Notes		57,472
Richard Morrell
Due to Related Parties, Current		372,056
Notes payable, related party						$ 25,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate						10.00%
Debt Instrument, Convertible, Conversion Price						$ 0.08
Thomas Cheney
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate				10.00%
Debt Instrument, Convertible, Conversion Price				$ 0.08
Related Party Transaction, Due from (to) Related Party				$ 75,000
Find.com
Long-term Line of Credit					$ 250,000
Advances to Affiliate		$ 89,149	$ 137,343
[1]	Due within one year

Note 7 - Third Party Transact23

Note 7 - Third Party Transactions (Details) - USD ($)	Sep. 30, 2015	Mar. 01, 2015	Dec. 31, 2014	Dec. 15, 2014	Aug. 15, 2012	Apr. 30, 2012	Nov. 04, 2010
Common Stock, Shares Issued	52,065,936		48,643,868
Third Party 1
Third Party Promissory Note							$ 150,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate							12.00%
Third Party 2
Third Party Promissory Note							$ 50,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate							12.00%
Shares Issued To Third Party							300,000
Secured Notes Holders
Bridge Loan						$ 40,000
Common Stock, Shares Issued						400,000
Third Party 3
Third Party Promissory Note					$ 200,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate					10.00%
Debt Instrument, Convertible, Conversion Price					$ 0.08
G. Thomas Lovelace
Third Party Promissory Note				$ 55,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate				10.00%
Debt Instrument, Convertible, Conversion Price				$ 0.08
James A. Hendrickson
Third Party Promissory Note		$ 25,000		$ 30,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate				10.00%
Debt Instrument, Convertible, Conversion Price				$ 0.08

Note 8 - Common Stock (Details)

Note 8 - Common Stock (Details) - USD ($)		Sep. 30, 2015	Jun. 30, 2015	Apr. 10, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jul. 22, 2014	Jun. 30, 2014	Apr. 16, 2014	Feb. 12, 2014
Common Stock, Shares Issued		52,065,936				48,643,868
Common stock	[1]	$ 52,109				$ 48,644
Total
Common Stock, Shares Issued						195,000	185,000		295,000	295,000	1,900,000
Richard Morrell
Common Stock, Shares Issued				900,000				600,000			600,000
Common stock				$ 4,500
Cynthia White
Common Stock, Shares Issued											300,000
Christine Cheney
Common Stock, Shares Issued			60,000		630,000	60,000	45,000		60,000	60,000	300,000
Common stock			$ 300		$ 3,150
Brian Waldo
Common Stock, Shares Issued					467,500	135,000	90,000		135,000	135,000	700,000
Common stock					$ 2,337.50
Third Party Vendor
Common Stock, Shares Issued							50,000		100,000	100,000
Total Member
Common Stock, Shares Issued					1,097,500
Vendors and Consultants
Common Stock, Shares Issued			1,270,000
Common stock			$ 6,350
[1]	$0.001 par value; 100,000,000 shares authorized; 52,065,936 and 48,643,868 issued and outstanding

Note 9 - Preferred Stock (Detai

Note 9 - Preferred Stock (Details) - $ / shares	Sep. 30, 2015	Dec. 31, 2014
Preferred Stock, Shares Authorized	1,000	1,000
Preferred Stock, Par Value	$ 0.001	$ 0.001
Preferred Stock, Shares Outstanding	1,000	1,000
Series A
Preferred Stock, Shares Authorized	1,000
Preferred Stock, Par Value	$ 0.001
Preferred Stock, Shares Outstanding	1,000
Series B
Preferred Stock, Shares Authorized	2,000,000
Preferred Stock, Par Value	$ 0.001