Document_And_Entity_Informatio
Document And Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Mar. 23, 2015 | Jun. 30, 2014 | |
Document Information [Line Items] | |||
Document Type | 10-K | ||
Amendment Flag | FALSE | ||
Document Period End Date | 31-Dec-14 | ||
Document Fiscal Year Focus | 2014 | ||
Document Fiscal Period Focus | FY | ||
Entity Registrant Name | Digital Development Partners, Inc. | ||
Entity Central Index Key | 1409999 | ||
Current Fiscal Year End Date | -19 | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Filer Category | Smaller Reporting Company | ||
Entity Public Float | $335,000 | ||
Trading Symbol | DGDM | ||
Entity Common Stock, Shares Outstanding | 85,970,665 |
Balance_Sheet
Balance Sheet (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
Current Assets | ||
Cash | $22,628 | $24,184 |
Total Assets | 22,628 | 24,184 |
Current Liabilities | ||
Accounts Payable | 91,594 | 73,631 |
Long Term Liabilities | ||
Loan Payable - Related Party | 500,000 | 420,000 |
Total Liabilities | 591,594 | 493,631 |
Stockholders' Deficit | ||
Common Stock, $0.001 par value; authorized 225,000,000 shares; issued and outstanding 85,970,665 shares as of December 31, 2014, and 2013 | 85,971 | 85,971 |
Additional Paid-In Capital | 7,488,946 | 7,488,946 |
Accumulated Deficit | -8,143,883 | -8,044,364 |
Total Stockholders' Deficit | -568,966 | -469,447 |
Total Liabilities and Stockholders' Deficit | $22,628 | $24,184 |
Balance_Sheet_Parenthetical
Balance Sheet (Parenthetical) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
Common stock, par value (in dollars per share) | $0.00 | $0.00 |
Common Stock, Shares Authorized | 225,000,000 | 225,000,000 |
Common Stock, Shares, Issued | 85,970,665 | 85,970,665 |
Common Stock, Shares, Outstanding | 85,970,665 | 85,970,665 |
Statement_of_Operations
Statement of Operations (USD $) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Operating expenses | ($76,810) | ($71,419) |
Loss from Operations | -76,810 | -71,419 |
Interest Expense | 22,709 | 18,572 |
Net Loss | ($99,519) | ($89,991) |
Basic and diluted loss per common share (in dollars per share) | $0 | $0 |
Basic and diluted weighted average common shares outstanding (in shares) | 85,970,665 | 85,970,665 |
Statements_of_Cash_Flows
Statements of Cash Flows (USD $) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Cash flows from operating activities: | ||
Net loss | ($99,519) | ($89,991) |
Change in operating assets and liabilities: | ||
Accounts payable | 17,963 | 11,510 |
Deposits | 0 | 0 |
Net cash used by operating activities | -81,556 | -78,481 |
Cash flows from financing activities: | ||
Proceeds of loan payable from related party | 80,000 | 80,000 |
Net cash provided by financing activities | 80,000 | 80,000 |
Net increase (decrease) in cash | -1,556 | 1,519 |
Cash, beginning of the period | 24,184 | 22,665 |
Cash, end of the period | 22,628 | 24,184 |
Supplemental cash flow disclosure: | ||
Interest paid | 0 | 0 |
Taxes paid | $0 | $0 |
Statement_of_Stockholders_Defi
Statement of Stockholders' Deficit (USD $) | Total | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] |
Balance at Dec. 31, 2012 | ($379,456) | $85,971 | $7,488,946 | ($7,954,373) |
Balance (in shares) at Dec. 31, 2012 | 85,970,665 | |||
Net loss for the year | -89,991 | 0 | 0 | -89,991 |
Balance at Dec. 31, 2013 | -469,447 | 85,971 | 7,488,946 | -8,044,364 |
Balance (in Shares) at Dec. 31, 2013 | 85,970,665 | |||
Net loss for the year | -99,519 | 0 | 0 | -99,519 |
Balance at Dec. 31, 2014 | ($568,966) | $85,971 | $7,488,946 | ($8,143,883) |
Balance (in Shares) at Dec. 31, 2014 | 85,970,665 |
Basis_of_Presentation_and_Natu
Basis of Presentation and Nature of Operations | 12 Months Ended | ||
Dec. 31, 2014 | |||
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||
Business Description and Basis of Presentation [Text Block] | 1 | Basis of Presentation and Nature of Operations | |
These financial statements as of and for the twelve months ended December 31, 2014 and 2013 reflect all adjustments which, in the opinion of management, are necessary to fairly state the Company’s financial position and the results of its operations for the periods presented, in accordance with the accounting principles generally accepted in the United States of America. All adjustments are of a normal recurring nature. | |||
Organization | |||
The Company was incorporated as Cyprium Resources, Inc. under the laws of the State of Nevada December 22, 2006. The Company was originally formed for mineral exploration in the United States. On May 19, 2009 the Company’s name was changed to Digital Development Partners, Inc. | |||
A reassessment of the Company’s direction resulted in a reorganization plan on February 17, 2010 which included: | |||
1 | Acquisition of a new line of technology through the acquisition of the worldwide distribution and servicing rights to a cell phone enterprise based in Hong Kong; | ||
2 | Change in management; | ||
3 | Sale of the Company’s option on Top Floor Studio; | ||
4 | Distribution of the Company’s shares in YuDeal, Inc. to the stockholders | ||
Pursuant to the plan, the Company’s interests in Top Floor Studio and YuDeal Inc. were disposed of in February, 2010. The Company’s option on Top Floor was sold to YuDeal, Inc. for YuDeal common stock, which in turn was traded for 20,095,000 shares of Company stock. These shares were returned to Treasury and cancelled. A residual of YuDeal stock was distributed to Company stockholders in March and April, 2010. | |||
In conjunction with the reorganization the management team of the Company resigned. The Company’s president, Isaac Roberts, was replaced by Jack Jie Quin, president of EFT Biotech Holding Inc. | |||
On February 17, 2010 an agreement was signed with the cell phone company, EFT Biotech Holdings, Inc., which trades on the OTC Pink Sheets under the ticker symbol “EFTB”, and markets its “EFT-Phone” through direct marketing in China from Hong Kong. EFT’s distribution and servicing rights were acquired by the Company in the agreement through the exchange of 79,265,000 shares of the Company’s common stock. | |||
EFT Biotech Holding Inc. thereby became the majority stockholder of Digital Development Partners Inc. The Company sold EFT-Phones as agent to EFT-Phone for its Chinese market through the fiscal year ended December 31, 2011. There have been no new orders in the current fiscal year. EFT has advised the Company that due to a significant drop in demand for the EFT phone, no new orders will be placed until demand increases. The Company is investigating other business opportunities and sources to develop revenue. | |||
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 12 Months Ended | |
Dec. 31, 2014 | ||
Notes To Financial Statements Abstract [Abstract] | ||
Significant Accounting Policies [Text Block] | 2 | Summary of Significant Accounting Policies |
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 certain estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, and reported amounts of revenue and expenses during the reporting period. Actual results could differ materially from those estimates. | ||
Cash and Cash equivalents | ||
Cash and equivalents include investments with initial maturities of three months or less. The Company had no cash equivalents as of December 31, 2014 and 2013. | ||
Income Taxes | ||
The Company accounts for income taxes utilizing ASC 740, “Income Taxes” (SFAS No. 109). ASC 740 requires the measurement of deferred tax assets for deductible temporary differences and operating loss carry forwards, and of deferred tax liabilities for taxable temporary differences. Measurement of current and deferred tax liabilities and assets is based on provisions of enacted tax law. The effects of future changes in tax laws or rates are not included in the measurement. The Company recognizes the amount of taxes payable or refundable for the current year and recognizes deferred tax liabilities and assets for the expected future tax consequences of events and transactions that have been recognized in the Company’s financial statements or tax returns. The Company currently has substantial net operating loss carry forwards. The Company has recorded a 100% valuation allowance against net deferred tax assets due to uncertainty of their ultimate realization. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. | ||
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 not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The Company also has a working capital deficit as of December 31, 2014. These factors raise substantial doubt about the Company’s ability to continue as a going concern. | ||
The Company’s activities will necessitate significant uses of working capital beyond 2014. Additionally, the Company’s capital requirements will depend on many factors, including the success of the Company’s researching for new markets. The Company plans to continue financing its operations with cash received from financing activities, more specifically from related party loans. | ||
While the Company strongly believes that its capital resources will be sufficient in the near term, there is no assurance that the Company’s activities will generate sufficient revenues to sustain its operations without additional capital or if additional capital is needed, that such funds, if available, will be obtainable on terms satisfactory to the Company. | ||
Basic and Diluted Net Loss Per Share | ||
Net loss per share is calculated in accordance with ASC 260, Earnings per Share, for the period presented. Basic net loss per share is based upon the weighted average number of common shares outstanding. Diluted net loss per share is based on the assumption that all dilutive convertible shares and stock options were converted or exercised. Dilution is computed by applying the treasury stock method. Under this method, options and warrants are assumed exercised at the beginning of the period (or at the time of issuance, if later), and as if funds obtained thereby were used to purchase common stock at the average market price during the period. There is no potential dilutive security as of December 31, 2014. As there was a net loss for the period, basic and diluted loss per share is the same for the twelve months ended December 31, 2014 and 2013, respectively. | ||
Recent Accounting Pronouncements | ||
Management does not believe that any recently issued, but not effective, accounting standards, if currently adopted, would have a material effect on the Company's financial statements. | ||
Related_Party_Transactions
Related Party Transactions | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Related Party Transactions [Abstract] | ||||||||
Related Party Transactions Disclosure [Text Block] | 3 | Related Party Transactions | ||||||
December 31, | December 31, | |||||||
2014 | 2013 | |||||||
Loan payable to related party – EFT Holdings, Inc. | $ | 500,000 | $ | 420,000 | ||||
A promissory note for $500,000 was issued May 13, 2010 to EFT Holdings Inc. A series of advances was received from EFT Holdings during the fiscal year ended December 31, 2011 totaling $300,000. The note bears annual interest of 5%, requires no monthly payments, and matured November 13, 2010. The note was extended indefinitely due on demand. The note was paid down to $300,000 in January, 2011. A further $20,000 was advanced August 17, 2012, and another $20,000 was advanced on December 11, 2012 increasing the loan balance to 340,000. | ||||||||
During 2013 a further $80,000 was advanced, bearing an interest rate of 5% and with a term of one year, increasing the loan balance to $420,000. | ||||||||
A further $80,000 was advanced during 2014, bearing an interest rate of 5% and with a term of one year, increasing the loan balance to $500,000 | ||||||||
Income_Taxes
Income Taxes | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Income Tax Disclosure [Abstract] | ||||||||
Income Tax Disclosure [Text Block] | 4 | Income Taxes | ||||||
No provision was made for federal income tax for the year ended December 31, 2014, since the Company had net operating losses. | ||||||||
The Company has available net operating loss carry-forward of approximately $756,406 which begins to expire in 2029 unless utilized beforehand. Net operating loss carry forwards may be used to reduce taxable income through the year 2034. The availability of the Company’s net operating loss carry forwards are subject to limitation if there is a 50% or more positive change in the ownership of the Company’s stock. As presented below, the Company generated a deferred tax asset through the net operating loss carry-forward. However, a 100% valuation allowance has been established because the ultimate realization of the deferred tax asset is dependent upon the generation of future taxable income during the periods in which the net operating loss carryforwards are available. Management considers projected future taxable income, the scheduled reversal of deferred tax liabilities and available tax planning strategies that can be implemented by the Company in making this assessment. Based upon the level of historical taxable income and projections for future taxable income over the period in which the net operating loss carryforwards are available to reduce income taxes payable, management has established a full valuation allowance such that the net deferred tax asset is $0 as of December 31, 2014 and 2013. | ||||||||
As of December 31, | ||||||||
2014 | 2013 | |||||||
Deferred tax assets: | ||||||||
Net operating loss carryforwards | $ | 257,178 | $ | 223,342 | ||||
Less: valuation allowance | -257,178 | -223,342 | ||||||
Net deferred tax assets | $ | -- | $ | -- | ||||
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2014 | |
Accounting Policies [Abstract] | |
Use of Estimates, Policy [Policy Text Block] | 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 certain estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, and reported amounts of revenue and expenses during the reporting period. Actual results could differ materially from those estimates. | |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Cash equivalents |
Cash and equivalents include investments with initial maturities of three months or less. The Company had no cash equivalents as of December 31, 2014 and 2013. | |
Income Tax, Policy [Policy Text Block] | Income Taxes |
The Company accounts for income taxes utilizing ASC 740, “Income Taxes” (SFAS No. 109). ASC 740 requires the measurement of deferred tax assets for deductible temporary differences and operating loss carry forwards, and of deferred tax liabilities for taxable temporary differences. Measurement of current and deferred tax liabilities and assets is based on provisions of enacted tax law. The effects of future changes in tax laws or rates are not included in the measurement. The Company recognizes the amount of taxes payable or refundable for the current year and recognizes deferred tax liabilities and assets for the expected future tax consequences of events and transactions that have been recognized in the Company’s financial statements or tax returns. The Company currently has substantial net operating loss carry forwards. The Company has recorded a 100% valuation allowance against net deferred tax assets due to uncertainty of their ultimate realization. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized | |
Liquidity Disclosure [Policy Text Block] | 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 not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The Company also has a working capital deficit as of December 31, 2014. These factors raise substantial doubt about the Company’s ability to continue as a going concern. | |
The Company’s activities will necessitate significant uses of working capital beyond 2014. Additionally, the Company’s capital requirements will depend on many factors, including the success of the Company’s researching for new markets. The Company plans to continue financing its operations with cash received from financing activities, more specifically from related party loans. | |
While the Company strongly believes that its capital resources will be sufficient in the near term, there is no assurance that the Company’s activities will generate sufficient revenues to sustain its operations without additional capital or if additional capital is needed, that such funds, if available, will be obtainable on terms satisfactory to the Company | |
Earnings Per Share, Policy [Policy Text Block] | Basic and Diluted Net Loss Per Share |
Net loss per share is calculated in accordance with ASC 260, Earnings per Share, for the period presented. Basic net loss per share is based upon the weighted average number of common shares outstanding. Diluted net loss per share is based on the assumption that all dilutive convertible shares and stock options were converted or exercised. Dilution is computed by applying the treasury stock method. Under this method, options and warrants are assumed exercised at the beginning of the period (or at the time of issuance, if later), and as if funds obtained thereby were used to purchase common stock at the average market price during the period. There is no potential dilutive security as of December 31, 2014. As there was a net loss for the period, basic and diluted loss per share is the same for the twelve months ended December 31, 2014 and 2013, respectively. | |
New Accounting Pronouncements, Policy [Policy Text Block] | Recent Accounting Pronouncements |
Management does not believe that any recently issued, but not effective, accounting standards, if currently adopted, would have a material effect on the Company's financial statements. | |
Related_Party_Transactions_Tab
Related Party Transactions (Tables) | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Related Party Transactions [Abstract] | ||||||||
Schedule of Related Party Transactions [Table Text Block] | ||||||||
December 31, | December 31, | |||||||
2014 | 2013 | |||||||
Loan payable to related party – EFT Holdings, Inc. | $ | 500,000 | $ | 420,000 | ||||
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Income Tax Disclosure [Abstract] | ||||||||
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | ||||||||
As of December 31, | ||||||||
2014 | 2013 | |||||||
Deferred tax assets: | ||||||||
Net operating loss carryforwards | $ | 257,178 | $ | 223,342 | ||||
Less: valuation allowance | -257,178 | -223,342 | ||||||
Net deferred tax assets | $ | -- | $ | -- | ||||
Basis_of_Presentation_and_Natu1
Basis of Presentation and Nature of Operations (Details Textual) | 1 Months Ended | |
Feb. 17, 2010 | Feb. 28, 2010 | |
Basis Of Presentation And Nature Of Operations [Line Items] | ||
Shares, Issued | 20,095,000 | |
Business Combination Consideration Transferred Equity Interests Acquired Issuable Of Common Stock | 79,265,000 |
Summary_of_Significant_Account2
Summary of Significant Accounting Policies (Details Textual) (USD $) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Accounting Policies [Line Items] | ||
Cash and Cash Equivalents, at Carrying Value | $0 | $0 |
Weighted Average Number Diluted Shares Outstanding Adjustment | 0 | 0 |
Related_Party_Transactions_Det
Related Party Transactions (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
Related Party Transaction [Line Items] | ||
Loan payable to related party - EFT Holdings, Inc. | $500,000 | $420,000 |
Related_Party_Transactions_Det1
Related Party Transactions (Details Textual) (USD $) | 0 Months Ended | 1 Months Ended | 12 Months Ended | ||||
Dec. 11, 2012 | Aug. 17, 2012 | 13-May-10 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2011 | Jan. 31, 2011 | |
Related Party Transaction [Line Items] | |||||||
Proceeds from Related Party Debt | $80,000 | $80,000 | |||||
EFT Holdings, Inc [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Debt Instrument, Face Amount | 340,000 | 500,000 | 420,000 | 300,000 | |||
Proceeds from Related Party Debt | 20,000 | 20,000 | 80,000 | 80,000 | 300,000 | ||
Debt Instrument, Interest Rate During Period | 5.00% | 5.00% | 5.00% | ||||
Debt Instrument, Maturity Date | 13-Nov-10 | ||||||
EFT Holdings, Inc [Member] | Notes Payable, Other Payables [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Debt Instrument, Face Amount | 500,000 |
Income_Taxes_Details
Income Taxes (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
Deferred tax assets: | ||
Net operating loss carryforwards | $257,178 | $223,342 |
Less: valuation allowance | -257,178 | -223,342 |
Net deferred tax assets | $0 | $0 |
Income_Taxes_Details_Textual
Income Taxes (Details Textual) (USD $) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Operating Loss Carryforwards | $756,406 | |
Deferred Tax Assets, Net of Valuation Allowance | $0 | $0 |
Operating Loss Carry Forwards Expiration Description | 2029 |