Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Sep. 30, 2015 | Nov. 23, 2015 | |
Document And Entity Information | ||
Entity Registrant Name | Monster Arts Inc. | |
Entity Central Index Key | 1,423,746 | |
Document Type | 10-Q | |
Document Period End Date | Sep. 30, 2015 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Is Entity a Well-known Seasoned Issuer? | No | |
Is Entity a Voluntary Filer? | No | |
Is Entity's Reporting Status Current? | Yes | |
Entity Filer Category | Smaller Reporting Company | |
Entity Common Stock, Shares Outstanding | 1,663,832,173 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2,015 |
Balance Sheets
Balance Sheets - USD ($) | Sep. 30, 2015 | Dec. 31, 2014 |
Current Assets | ||
Cash | $ 16,116 | |
Loan receivable to related party | $ 284,943 | 284,943 |
Interest receivable to related party | $ 35,262 | 26,715 |
Prepaid expenses | 53,240 | |
Total Current Assets | $ 320,205 | 381,014 |
Other Assets | ||
Available-for-sale securities | 1,619 | |
Total Other Assets | 1,619 | |
Total Assets | $ 320,205 | 382,633 |
Current Liabilities | ||
Accounts payable & accrued expenses | 40,768 | 53,834 |
Accounts payable & accrued expenses to related parties | 66,127 | $ 68,156 |
Bank overdraft | 593 | |
Accrued interest | 123,623 | $ 67,907 |
Deferred revenues | 4,065 | 34,709 |
Loan from officer | 5,000 | 2,500 |
Notes payable to related party | 15,494 | 15,494 |
Convertible notes payable, net of discounts of $147,433 and $339,934 | 711,625 | 556,116 |
Derivative Liability | 922,017 | 1,564,098 |
Total Liabilities | 1,889,312 | 2,362,814 |
Stockholders' Equity: | ||
Preferred stock, $.001 par value 80,000,000 shares authorized, 20,000,000 shares issued and outstanding, respectively Series A preferred stock, $.001 par value 10,000,000 shares authorized, 0 shares issued and outstanding, respectively | 20,000 | 20,000 |
Common stock, $0.001 par value 5,000,000,000 shares authorized, 838,736,347 and 10,910,194 shares issued and outstanding, respectively | 838,736 | 10,910 |
Additional paid in capital | 6,422,314 | $ 7,315,474 |
Stock payable | $ 200,000 | |
Accumulated Comprehensive Gain / (Loss) | $ (1,966) | |
Deficit accumulated during the development stage | $ (9,050,157) | (9,324,599) |
Total stockholders' equity (deficit) | (1,569,107) | (1,980,181) |
Total Liabilities and Stockholders' Equity | $ 320,205 | $ 382,633 |
Series A Preferred Stock [Member] | ||
Stockholders' Equity: | ||
Preferred stock, $.001 par value 80,000,000 shares authorized, 20,000,000 shares issued and outstanding, respectively Series A preferred stock, $.001 par value 10,000,000 shares authorized, 0 shares issued and outstanding, respectively | ||
Total stockholders' equity (deficit) | ||
Total Liabilities and Stockholders' Equity |
Balance Sheets (Parenthetical)
Balance Sheets (Parenthetical) - USD ($) | Sep. 30, 2015 | Dec. 31, 2014 |
Allowance for doubtfull accounts | $ 147,433 | $ 339,934 |
Preferred stock, par value | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 80,000,000 | 80,000,000 |
Preferred stock, shares issued | 20,000,000 | 20,000,000 |
Preferred stock, shares outstanding | 20,000,000 | 20,000,000 |
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 5,000,000,000 | 5,000,000,000 |
Common stock, shares issued | 838,736,347 | 10,910,194 |
Common stock, shares outstanding | 838,736,347 | 10,910,194 |
Series A Preferred Stock [Member] | ||
Preferred stock, par value | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred stock, shares issued | ||
Preferred stock, shares outstanding |
Consolidated Statements Of Oper
Consolidated Statements Of Operations - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Income Statement [Abstract] | ||||
Commissions | $ 500 | $ 500 | ||
Services | $ 8,652 | $ 23,425 | $ 32,700 | 120,888 |
Services- related party | $ 1,227 | |||
Other revenues | $ 1,600 | |||
Total revenues | $ 8,652 | $ 23,925 | 34,300 | $ 122,615 |
Cost of revenues | 754 | 8,991 | 3,207 | 47,410 |
Gross Profit | 7,898 | 14,934 | 31,093 | 75,205 |
Operating expenses: | ||||
General and administration | $ 2,884 | 126,733 | 14,505 | 214,757 |
Consulting | 64,714 | 59,739 | 684,970 | |
Wages | $ 23,231 | 19,347 | 67,246 | 100,180 |
Professional fess | 3,000 | 39,148 | 2,400 | 129,164 |
Total operating expenses | 29,115 | 249,942 | 143,890 | 1,129,071 |
Income (Loss) from operations | (21,217) | (235,008) | (112,797) | (1,053,866) |
Other income and (expenses): | ||||
Interest expense | 19,063 | 17,022 | 60,389 | 43,819 |
Interest expense- derivative | 73,626 | 2,055,893 | 240,501 | 3,745,015 |
Interest income | $ 2,849 | 2,200 | 8,548 | 6,600 |
Gain/(Loss) on derivative adjustment | 795,663 | 683,581 | 1,697,981 | |
Total other income and (expenses) | $ (89,840) | (1,275,052) | 391,239 | (2,084,253) |
Net loss before taxes | $ (111,057) | $ (1,510,060) | $ 278,442 | $ (3,138,119) |
Tax provisions | ||||
Net loss after taxes | $ (111,057) | $ (1,510,060) | $ 278,442 | $ (3,138,119) |
Other Comprehensive Income: | ||||
Unrealized (loss)/gain on available-for-sale securities | (21,763) | (4,000) | 12,437 | |
Other Comprehensive Income (Loss) | $ (111,057) | $ (1,531,823) | $ 274,442 | $ (3,125,682) |
Basic & diluted loss per share | $ 0 | $ (0.30) | $ 0 | $ (0.66) |
Weighted average shares outstanding | 525,614,561 | 5,092,827 | 217,889,181 | 4,721,604 |
Consolidated Statements Of Cash
Consolidated Statements Of Cash Flows - USD ($) | 9 Months Ended | |
Sep. 30, 2015 | Sep. 30, 2014 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net Income/(Loss) for the period | $ 278,442 | $ (3,138,119) |
Adjustments to reconcile net loss to net cash provided by operating activities: | ||
Marketable securities revenues | 21,992 | $ 15,423 |
Original issue discount | 6,500 | |
Debt discount | 192,501 | $ 3,757,515 |
(Gain)/loss on change in derivative adjustment | 642,081 | 1,697,981 |
Stock for services expense | $ 53,240 | 179,453 |
Convertible note issued for consulting services | 127,900 | |
Depreciation and amortization | 460 | |
Changes in Operated Assets and Liabilities: | ||
(Increase) decrease in prepaids | (139,996) | |
(Increase) decrease in accounts receivable | 4,602 | |
Increase in interest receivable | $ 5,699 | 7,705 |
Increase (decrease) in loan receivable to related party | 3,402 | |
Increase (decrease) in accounts payable and accrued expenses | $ (20,959) | (44,772) |
Increase (decrease) in accounts payable to related parties | $ 50,123 | (19,627) |
Increase (decrease) in unearned revenues | 10,446 | |
Increase (decrease) in accrued interest | $ 55,716 | 38,615 |
Net cash (used) in operating activities | (54,209) | $ (670,442) |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Proceeds from officer loan | $ 2,500 | |
Payments on officer loan | $ 3,107 | |
Proceeds from convertible notes | $ 35,000 | $ 718,721 |
Payments on notes payable | ||
Payments on notes payable to related party | $ 30,500 | |
Net Cash Provided by Financing Activities | $ 37,500 | 685,114 |
Net (Decrease) Increase in Cash | (16,709) | 14,672 |
Cash at Beginning of Period | $ 16,116 | 46,234 |
Cash at End of Period | $ 60,906 | |
Bank Overdraft | $ 593 | |
SUPPLEMENTAL DISCLOSURES: | ||
Income Taxes Paid | ||
Interest Paid | ||
NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||
Convertible note payable issued for consulting services | $ 127,900 | |
Stock issued for conversion of convertible notes payable | $ 75,992 | 279,088 |
Stock issued for debt settlement | $ 87,500 | |
Increase in prepaid stock compensation |
Organization & Business Descrip
Organization & Business Description | 9 Months Ended |
Sep. 30, 2015 | |
Accounting Policies [Abstract] | |
Organization & Business Description | NOTE 1 ORGANIZATION & BUSINESS DESCRIPTION On May 2, 2013, Monster Arts, Inc. (the Company) amended its articles of incorporation to change its name from Monster Offers to Monster Arts, Inc. The Company was incorporated under the laws of the State of Nevada, as Tropical PC Acquisition Corporation on February 23, 2007 ("Inception"). On December 11, 2007, the Company amended its Articles of Incorporation changing its name from Tropical PC Acquisition Corporation to Monster Offers. On November 9, 2012 the Company executed a share exchange agreement with Ad Shark, Inc., a privately-held California corporation incorporated April 12, 2011. As a result of the share exchange agreement, Ad Shark, Inc. became a wholly owned subsidiary of the Company. In February of 2014, Ad Shark, Inc. was dissolved as a California corporation. The Company organizes advertising sales efforts by constructing media and advertising delivery systems for Smartphone and Tablet application developers including the delivery of mobile banners, mobile video, mobile text messaging, and mobile email advertising. On March 4, 2013, the Company entered into a Master Purchase Agreement with Iconosys, Inc., a private California corporation whom shares a common officer with the Company, whereby the Company acquired a 10% interest in Iconosys, Inc. (Referenced in Note 9). On August 8, 2013, the Company approved the execution of an asset purchase agreement with Iconosys, Inc., a private California corporation which shares an officer with the Company, for the rights to domain names, web site content and trademark assignments of Travel America Visitor Guide (TAVG) which is a division of Iconosys. On April 25, 2014, the Company entered into a subscription agreement to buy 53,000 shares of common stock of Candor Homes Corporation, (CH, Inc.) for $10,000 which represents 53% of the equity interest in CH, Inc. As of December 31, 2014, there has been no activity with CH, Inc. and the Company has recorded accounts payable to related party balance of $10,000. The only two directors of CH, Inc. are our chief executive officer, Wayne Irving II and his sister Tisha Lawton. Reverse Stock Split On August 28, 2014, the Board of Directors and majority shareholders of Monster Arts Inc., approved a reverse stock split of one for two hundred (1:200) of the Company's total issued and outstanding shares of common stock. The reverse stock split went effective with FINRA on January 16, 2015. The Company has adjusted its financial statements throughout this filing to reflect the reverse stock split. The reverse stock split can be further referenced in our Form 8-K filing on January 16, 2015. Authorized Shares On July 19, 2013, the Company amended its articles of incorporation to increase its authorized shares from 75,000,000 to 750,000,000 of which 730,000,000 were designated as common stock and 20,000,000 were designated as preferred stock. The shares have a par value of $0.001. In August of 2014, the Company amended is articles of incorporation to increase the number of authorized common shares from 730,000,000 to 5,000,000,000 with a par value of $0.001. |
Going Concern
Going Concern | 9 Months Ended |
Sep. 30, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Going Concern | NOTE 2 - GOING CONCERN These financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business. Since inception (February 23, 2007) the September 30, 2015, the Company incurred an accumulated deficit during development stage of approximately $9,050,157. The Company's ability to continue as a going concern is contingent upon its ability to achieve and maintain profitable operations and its ability to raise additional capital as required. Management plans to raise equity capital to finance the operating and capital requirements of the Company, and also plans to pursue acquisition opportunities of other revenue-generating companies that provide complementary capabilities to that of the Company. Amounts raised will be used for further development of the Company's products and services, to provide financing for marketing and promotion, to secure additional property and equipment, and for other working capital purposes. While the Company is devoting its best efforts to achieve the above plans, there is no assurance that any such activity will generate funds that will be available for operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty. |
Significant Accounting Policies
Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2015 | |
Accounting Policies [Abstract] | |
Significant Accounting Policies | NOTE 3 - SIGNIFICANT ACCOUNTING POLICIES Basis of Accounting These financial statements are prepared on the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America (US GAAP). Unaudited Interim Financial Information The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in The United States of America and the rules and regulations of the Securities and Exchange Commission for interim financial information. Accordingly, they do not include all the information necessary for a comprehensive presentation of financial position and results of operations. It is management's opinion, however, that all material adjustments (consisting of normal and recurring adjustments) have been made which are necessary for a fair financial statements presentation. The results for the three months ended September 30, 2015 are not necessarily indicative of the results to be expected for the fiscal year ending December 31, 2015. Principles of consolidation The accompanying consolidated financial statements include all of the accounts of the Company and Candor Homes Corporation as of September 30, 2015 and December 31, 2014. The Company has an equity interest in the following entities; · 51% of Candor Homes Corporation The Company has accounted for the non-controlling interest using GAAP accounting standards. All intercompany balances and transactions have been eliminated. Development Stage Company The Company is currently a development stage enterprise reporting under the provisions of FASB ASC Topic 915 , Development Stage Entity Reclassification On August 28, 2014 Cash and Cash Equivalents The Company considers all short-term investments with a maturity of three months or less at the date of purchase to be cash equivalents. As of September 30, 2015 and December 31, 2014, there are no cash equivalents. 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 revenue and expenses during the reporting period. Actual results could differ from those estimates. Revenue Recognition In accordance with ASC 605 and SEC Staff Accounting Bulletin 104, fee revenue is recognized in the period that the Company's advertiser customer generates a sale or other agreed-upon action on the Company's affiliate marketing networks or as a result of the Company's other services, provided that no significant Company obligations remain, collection of the resulting receivable is reasonably assured, and the fees are fixed or determinable. All transactional services revenues are recognized on a gross basis in accordance with the provisions of ASC Subtopic 605-45, due to the fact that the Company is the primary obligor, and bears all credit risk to its customer, and publisher expenses that are directly related to a revenue-generating event are recorded as a component of commission paid. Earnings per Share Historical net (loss) per common share is computed using the weighted average number of common shares outstanding. Diluted earnings per share include additional dilution from common stock equivalents, such as stock issuable pursuant to the exercise of securities or other contracts to issue common stock that were exercised or converted into common stock or resulted in the issuance of common stock that shared in the earnings of the entity. Equipment Equipment is stated at cost, less accumulated depreciation. Depreciation is provided principally on the straight-line method over the estimated useful lives of the assets, which consist of computer equipment, which is 3 years. The cost of repairs and maintenance is charged to expense as incurred. Expenditures for equipment betterments and renewals are capitalized. Upon sale or other disposition of a depreciable asset, cost and accumulated depreciation are removed from the accounts and any gain or loss is reflected in other income or expense. The Company will periodically evaluate whether events and circumstances have occurred that may warrant revision of the estimated useful lives of equipment and website development costs or whether the remaining balance of equipment should be evaluated for possible impairment. The Company uses an estimate of the related undiscounted cash flows over the remaining life of the equipment in measuring their recoverability. Website Development Costs The Company recognizes the costs associated with developing a website in accordance with FASB ASC 350-50 Website Development Costs. Fair Value of Financial Instruments The carrying amounts of the financial instruments, including cash and cash equivalents, accounts receivable, accounts payable, and accrued liabilities, approximate fair value due to the short maturities of these financial instruments. The notes payable are also considered financial instruments whose carrying amounts approximate fair values. Intangible assets The Company follows Financial Accounting Standard Boards (FASB) Codification Topic 350-10 (ASC 350-10), Intangibles - Goodwill and Other to determine the method of amortization of its intangible assets. The Companys intangible assets are capitalized at historical cost and are amortized over their useful lives. The Company amortizes its license of SSL5 intellectual property using the straight-line method over an estimated useful life of 10 years. Stock-based compensation The Company records stock based compensation in accordance with the guidance in ASC Topic 718 which requires the Company to recognize expenses related to the fair value of its employee stock option awards. This eliminates accounting for share-based compensation transactions using the intrinsic value and requires instead that such transactions be accounted for using a fair-value-based method. The Company recognizes the cost of all share-based awards on a graded vesting basis over the vesting period of the award. ASC 505, "Compensation-Stock Compensation", establishes standards for the accounting for transactions in which an entity exchanges its equity instruments to non-employees for goods or services. Under this transition method, stock compensation expense includes compensation expense for all stock-based compensation awards granted on or after January 1, 2006, based on the grant-date fair value estimated in accordance with the provisions of ASC 505. Income Taxes The Company accounts for its income taxes in accordance with Income Taxes Topic of the FASB ASC 740, which requires recognition of deferred tax assets and liabilities for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in operations in the period that includes the enactment date. Recent Accounting Pronouncements Company management does not believe that any other recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying financial statements. |
Available For Sale Securities
Available For Sale Securities | 9 Months Ended |
Sep. 30, 2015 | |
Available For Sale Securities | |
Available for Sale Securities | NOTE 4 AVAILABLE FOR SALE SECURITIES On November 1, 2013, the Company executed a joint venture agreement (JVA) with Intelligent Living, Inc. (ILIV). You can read the full agreement in the registrants SEC Form 8-K filing on November 5, 2013. The Company will provide ILIV comprehensive and end-to-end turnkey business function through its development of smartphone and tablet apps. The Companys revenue sharing will be 35% of gross payments from app sales from Google Play and 50% of gross payments from app sales through Amazon, Nook, iTunes, and others. The Company will be paid in the form of stock by ILIV which is a publically traded company trading on the OTCQB under the symbol ILIV. The Company will be issued 10,000,000 shares of ILIV upon execution of the JVA. The Company will also be issued 4,000,000 shares of ILIV in quarterly installments over a period of 2 years from the date of the agreement. The Company was issued the initial 10,000,000 shares of ILIV upon closing of the agreement which were valued at the closing price of ILIV stock on November 1, 2013, which resulted in the Company recording an available-for-sale securities asset of $10,000. Pursuant to the consulting agreement with Mind Solutions, Inc. (referenced in Note 9 herein), in the year ended December 31, 2014, the Company received 50,000,000 shares of Mind Solutions, Inc. common stock. In the year ended December 31, 2014, the Company sold 47,855,085 shares of Mind Solutions, Inc. stock of which the Company received net proceeds of $34,895. As of September 30, 2015, the Company holds zero marketable securities. At December 31, 2014, the Company held 2,144,915 shares of Mind Solutions, Inc. and 6,593,500 shares of ILIV which based on the closing share prices resulted in the Company recording an available-for-sale securities balance of $1,619 and $6,000. |
Fixed Assets
Fixed Assets | 9 Months Ended |
Sep. 30, 2015 | |
Property, Plant and Equipment [Abstract] | |
Fixed Assets | NOTE 5 FIXED ASSETS Property and equipment consists of the following at September 30, 2015 and December 31, 2014: September 30, December 31, 2014 Property and equipment, net $ 2,364 $ 2,364 Less: accumulated depreciation 2,364 2,364 Property and equipment, net $ $ The Company acquired the property and equipment through the share exchange agreement with Ad Shark, Inc. on November 9, 2012. Therefore the Company only recognized depreciation on the equipment after the share exchange date. In the nine months ended September 30, 2015 and 2014, the Company had $0 and $394 in depreciation expense |
Asset Purchase Agreement With I
Asset Purchase Agreement With Iconosys (TAVG) | 9 Months Ended |
Sep. 30, 2015 | |
Asset Purchase Agreement With Iconosys Tavg | |
Asset Purchase Agreement with Iconosys (TAVG) | NOTE 6 ASSET PURCHASE AGREEMENT WITH ICONOSYS (TAVG) On August 8, 2013, the Company approved the execution of an asset purchase agreement with Iconosys, Inc., a private California corporation which shares an officer with the Company for the rights to domain names, web site content and trademark assignments of Travel America Visitor Guide (TAVG) which is a division of Iconosys. Iconosys shall sell, convey, transfer and assign to the Company and the Company shall purchase all right, title and interest in and to the assets of Iconosys as follows: (i) the Iconosys trademarks (the "Trademarks"); (ii) the Iconosys domain name (the "Domain Name") together with all associated service marks, copyrights, trade names and other intellectual property associated with the Domain Name; (iii) the Iconsys web site content (the "Web Site"), together with all associated intellectual property rights to the Web Site. In accordance with the terms and provisions of the Asset Purchase Agreement, the Company shall pay to Iconosys a purchase price of $250,000 as follows: (i) $50,000 of the Purchase Price shall be paid in cash with a cash payment of $5,000 and $45,000 to be satisfied with the issuance of a promissory note dated August 8, 2013, due August 7, 2014, and with annum interest of 4%. The remaining $200,000 of the purchase price shall be paid in stock through a stock purchase agreement dated August 8, 2013 whereby the Company will issue Iconosys 1,052,632 common shares with a fair market price of $.0.19 (based on the closing trading price of the Company's shares of common stock on the OTCQB as of August 8, 2013. As of September 30, 2015 and December 31, 2014, the Company has a note payable balance of $2,244 pursuant to the note with Iconosys. Deferred Revenues (TAVG Membership Sales) In the nine months ended September 30, 2015 and 2014, the Company recognized $32,425 and $15,121 in services income relating to the TAVG asset. As of September 30, 2015 and December 31, 2014 the Company recorded deferred revenues of $4,065 and $34,709 relating to TAVG membership sales. The Company recognizes revenues over each members respective one year subscription term. |
Convertible Notes Payable
Convertible Notes Payable | 9 Months Ended |
Sep. 30, 2015 | |
Debt Disclosure [Abstract] | |
Convertible Notes Payable | NOTE 7 - CONVERTIBLE NOTES PAYABLE Christopher Thompson On May 1, 2014, the Company entered into a Securities Purchase Agreement and convertible promissory note with Christopher Thompson in the amount of $15,000. The convertible promissory note has interest at 9.9% per annum, unsecured, and due May 1, 2015. The convertible notes principle and accrued interest may at any time be converted into shares of the Companys stock at a conversion rate equal to 60% of the lowest closing bid price in the ten days prior to conversion. On March 15, 2015, Christopher Thompson and Atlas Long Term Growth Fund (Atlas) executed a purchase and assignment agreement whereby Christopher Thompson assigned $30,000 in total to Atlas, which included the $15,000 note dated May 1, 2014. This resulted in a zero debt balance as of September 30, 2015. On July 1, 2014, the Company entered into a convertible promissory note with Christopher Thompson in the amount of $15,000. The convertible promissory note has interest at 9.9% per annum, unsecured, and due July 1, 2015. The convertible notes principle and accrued interest may be converted into shares of the Companys stock at a conversion rate equal to 60% of the lowest closing bid price in the ten days prior to conversion. On March 15, 2015, Christopher Thompson and Atlas Long Term Growth Fund (Atlas) executed a purchase and assignment agreement whereby Christopher Thompson assigned $30,000 in total to Atlas, which included the $15,000 note dated July 1, 2014. This resulted in a zero debt balance as of September 30, 2015. On August 1, 2014, the Company entered into a convertible promissory note with Christopher Thompson in the amount of $30,000. The convertible promissory note has interest at 9.9% per annum, unsecured, and due February 1, 2015. The convertible notes principle and accrued interest may be converted into shares of the Companys stock at a conversion rate equal to 60% of the lowest closing bid price in the ten days prior to conversion. In the nine months ended September 30, 2015, the Company paid $2,500 cash toward this note which left a balance of 27,500. On September 29, 2014, the Company entered into a convertible promissory note with Christopher Thompson in the amount of $30,000. The convertible promissory note has interest at 9.9% per annum, unsecured, and due March 29, 2015. The convertible notes principle and accrued interest may be converted into shares of the Companys stock at a conversion rate equal to 60% of the lowest closing bid price in the ten days prior to conversion. As of September 30, 2015, there has been no debt converted on this note. LG Capital Funding On March 7, 2014, the Company entered into a convertible promissory note with LG Capital Funding, LLC for an amount of $32,000 with 8% per annum and a maturity date of March 7, 2015. The convertible notes principle and accrued interest may be converted into shares of the Companys stock at a conversion rate equal to 60% of the lowest closing bid price in the fifteen days prior to conversion. As of September 30, 2015, there has been $15,890 of principle converted into 15,451,383 post reverse split shares of common stock, leaving a balance of $14,759. The shares were issued free of any restrictions as permitted by Section 3(a)(10) of the Securities Act. On June 16, 2014, the Company entered into a convertible promissory note with LG Capital Funding, LLC for an amount of $42,000 with 8% per annum and a maturity date of June 16, 2015. The convertible notes principle and accrued interest be converted into shares of the Companys stock at a conversion rate equal to 55% of the lowest closing bid price in the fifteen days prior to conversion. As of September 30, 2015, there has been no debt converted on this note. JMJ Financial On March 15, 2014, the Company entered into a convertible promissory note with JMJ Financial for up to $500,000 with interest of 12% per annum. The convertible notes principle and accrued interest may be converted into shares of the Companys stock at a conversion rate equal to 60% of the lowest closing bid price in the twenty-five days prior to conversion. In March of 2014, the Company received $30,000 with $7,333 of original issue discount. In June of 2014, the Company received an additional $30,000 with $7,333 of original issue discount. In September of 2014, the Company received an additional $30,000 with $7,333 of original issue discount. As of December 31, 2014, the Company has received $90,000 cash and recorded $22,000 of original issue discount pursuant to this convertible promissory note with JMJ Financial. As of September 30, 2015, JMJ Financial has converted $18,566 of principle into 12,459,000 post reverse split shares of common stock resulting in a balance of $93,434. The shares were issued free of any restrictions as permitted by Section 3(a)(10) of the Securities Act. IBC Funds, LLC On April 24, 2014, IBC Funds, LLC, a Nevada limited liability company, acquired by assignment, debts owed by Monster Arts, Inc. to fourteen (14) creditors in the amount of $208,321. Likewise, on April 24, 2014, IBC Funds and Monster Arts, Inc. executed that certain Settlement Agreement and Stipulation, whereby Monster Arts, Inc. agreed to settle the debt of $208,321, and to pay the debt by the issuance of shares pursuant to Section 3(a)(10) of the Securities Act, which provides that the issuance of shares are exempt from the registration requirement of Section 5 of the Securities Act. In relevant part, Section 3(a)(10) of the Securities Act provides an exemption from the registration requirement for securities: (i) which are issued in exchange for a bona fide claim, (ii) where the terms of the issuance and exchange are found by a court to be fair to those receiving shares, (iii) notice of the hearing is provided to those to receive shares and they are afforded the opportunity to be heard, (iv) the issuer must advise the court prior to its hearing that it intends to rely on the exemption provided in Section 3(a)(10) of the Securities Act, and (v) there cannot be any impediments to the appearance of interested parties at the hearing. On April 25, 2014, in a court proceeding styled IBC Funds, LLC, a Nevada limited Liability Company, Plaintiff vs. ., a Nevada corporation, Defendant, bearing Civil Action in the Circuit Court in the Twelfth Judicial Circuit in and for Sarasota County, Florida As set forth in the order, the court found that the terms and conditions of the exchange were fair to Monster Arts, Inc. and IBC Funds within the meaning of Section 3(a)(10) of the Securities Act, and that the exchange of the debt for our securities was not made under Title 11 of the United States Code. As of September 30, 2015, as permitted by the court order and the Settlement Agreement and Stipulation, the Company has issued 9,180,000 post reverse split shares to IBC LLC for the conversion of $144,070, leaving a balance of $70,071. The shares were issued free of any restrictions as permitted by Section 3(a)(10) of the Securities Act. WHC Capital, LLC On April 30, 2014, the Company entered into a convertible promissory note with WHC Capital, LLC in the amount of $22,000 , with interest of 12% per annum, unsecured, and due April 30, 2015. The convertible notes principle and accrued interest may be converted into shares of the Companys stock at a conversion rate equal to 55% of the lowest closing bid price in the fifteen days prior to conversion. As of September 30, 2015, there has been $8,421 of principle converted into 5,130,010 post reverse split shares of our common stock, leaving a balance of $13,528. The shares were issued free of any restrictions as permitted by Section 3(a)(10) of the Securities Act. On July 11, 2014, the Company entered into a Securities Exchange and Settlement Agreement (SE&S) with WHC Capital, LLC (WHC, LLC), whereby WHC, LLC purchased $5,161 of note payables debt due to Jennifer Salwender pursuant to an Assignment of Debt Agreement. The convertible notes principle and accrued interest may be converted into shares of the Companys stock at a conversion rate equal to 55% of the lowest closing bid price in the fifteen days prior to conversion. As of September 30, 2015, there has been no debt converted on this note. Jennifer Salwender On May 15, 2014, the Company entered into a convertible promissory note with Jennifer Salwender in the amount of $20,000 with 9.9% interest per annum and a maturity date of May 15, 2015. The convertible notes principle and accrued interest may be converted into common shares of the Companys after 180 days from the issuance date at a discount of 40% off the lowest closing traded price during the prior 10 trading days to a notice of conversion. As of September 30, 2015, there has been no debt converted on this note. On June 14, 2014, the Company entered into a convertible promissory note with Jennifer Salwender in the amount of $20,000 with 9.9% interest per annum and a maturity date of June 14, 2015. The convertible notes principle and accrued interest may be converted into common shares of the Companys after 180 days from the issuance date at a discount of 40% off the lowest closing traded price during the prior 10 trading days to a notice of conversion. As of September 30, 2015, there has been no debt converted on this note. ADAR BAYS, LLC On May 2, 2014, the Company entered into a convertible promissory note with ADAR BAYS, LLC in an amount of $30,000 with 8% per annum and a maturity date of May 2, 2015. The convertible notes principle and accrued interest may be converted into shares of the Companys stock at a conversion rate equal to 50% of the lowest closing bid price in the fifteen days prior to conversion. As of September 30, 2015, ADAR BAYS, LLC converted $900 of principle into 360,000 reverse stock split shares, leaving a note balance of $29,100. KBM Worldwide, Inc. On June 13, 2014, the Company entered into a convertible promissory note with KBM Worldwide, Inc. in an amount of $63,000 with 8% per annum and a maturity date of March 17, 2015. The convertible notes principle and accrued interest may be converted into shares of the Companys stock at a conversion rate equal to 55% of the lowest closing bid price in the ten days prior to conversion. As of September 30, 2015, KBM converted $6,440 of principle into 4,583,227 reverse stock split shares of common stock, leaving a balance of $56,560. Anubis Capital Partners On April 1, 2014, the Company executed a convertible promissory note with Anubis Capital Partners in the amount of $127,900 with interest of 10% per annum and a maturity date of April 1, 2015. The convertible promissory note was executed in return for consulting services provided to the Company. The convertible notes principle and accrued interest may be converted into shares of the Companys stock at a conversion rate equal to 50% of the lowest closing bid price in the twenty days prior to conversion. On June 27, 2014, Anubis Capital Partners entered into a purchase and assumption agreement with Beaufort Capital Partners, LLC whereby Anubis Capital Partners assigned a $63,950 of their note balance to Beaufort Capital Partners, LLC. As of September 30, 2015, Anubis Capital Partners has a balance on this note of $63,950. On October 1, 2014, the Company executed a convertible promissory note with Anubis Capital Partners in the amount of $83,950 with interest of 8% per annum and a maturity date of October 1, 2015. The convertible promissory note was executed in return for three (3) months of consulting services provided to the Company. The convertible notes principle and accrued interest may be converted into shares of the Companys stock at a conversion rate equal to 50% of the lowest closing bid price in the twenty days prior to conversion. As of September 30, 2015, there have been no conversion or payments against this note, leaving a balance of $83,950. Beaufort Capital Partners, LLC On June 27, 2014, the Company entered into a convertible promissory note with Beaufort Capital Partners LLC in the amount of $75,000, includes $25,000 of original issue discount, with 12% interest per annum and a maturity date of December 27, 2014. The convertible notes principle and accrued interest may be converted into common shares of the Companys after the maturity date at a discount of 50% off the lowest traded price during the prior 20 trading days to a notice of conversion. As of September 30, 2015, Beaufort has converted $3,619 of debt on this note into 6,498,094 post reverser split shares of common stock, leaving a balance $73,856. The shares were issued free of any restrictions as permitted by Section 3(a)(10) of the Securities Act. On June 27, 2014, Beaufort Capital Partners, LLC (Beaufort) entered into a purchase and assumption agreement whereby Beaufort would purchase a portion of a convertible promissory note originally issued to Anubis Capital Partners on April 1, 2014 in the amount of $127,900 with interest of 10% per annum and a maturity date of April 1, 2015. The convertible notes principle and accrued interest may be converted into shares of the Companys stock at a conversion rate equal to 50% of the lowest closing bid price in the twenty days prior to conversion. As of September 30, 2015, there has been no debt converted on this note. Sojourn Investments, LP On July 14, 2014, the Company entered into a Debt Purchase Agreement with Sojourn Investments, LP whereby the Company issued a convertible promissory note in the amount of $37,500 which included $12,500 of original issue discount and due on June 14, 2015. The convertible note has interest of 12% per annum and is convertible into common shares of the Company at a conversion rate of 50% off the lowest trading market price for 20 days prior to conversion. In the three months ended September 30, 2015, Sojourn converted $285 of principle into 3,625,000 reverse stock split shares of common stock, leaving a balance of $36,145. On November 15, 2014, the Company entered into a convertible promissory note with Sojourn Investments, LP in the amount of $7,500 which included $1,500 of original issue discount and due on November 15, 2015. The convertible note has interest of 12% per annum and is convertible into common shares of the Company at a conversion rate of 50% off the lowest trading market price for 20 days prior to conversion. As of September 30, 2015, there has been no debt converted on this note. Ambrosial Consulting Group On October 15, 2014, the Company executed a convertible promissory note with Ambrosial Consulting Group in the amount of $67,250 with interest of 8% per annum and a maturity date of October 15, 2015. The convertible promissory note was executed in return for six (6) months of consulting services to be provided to the Company. The convertible notes principle and accrued interest may be converted into shares of the Companys stock at a conversion rate equal to 50% of the lowest closing bid price in the twenty (20) days prior to conversion. In the nine months ended September 30, 2015, Ambrosial assigned $20,000 to Carebourn Capital, L.P., leaving a principle balance of $47,250. Atlas Long Term Growth Fund On March 15, 2015, Christopher Thompson and Atlas Long Term Growth Fund (Atlas) executed a purchase and assignment agreement whereby Christopher Thompson assigned $30,000 of convertible debt to Atlas which pertains to a convertible note payable dated July 1, 2014, entered into by Christopher Thompson. The convertible promissory note has interest at 9.9% per annum, unsecured, and is due July 1, 2015. The convertible notes principle and accrued interest may be converted into shares of the Companys stock at a conversion rate equal to 60% of the lowest closing bid price in the ten days prior to conversion. In the nine months ended September 30, 2015, Atlas converted $1,744 of debt into 5,789,845 post reverse split shares of common stock. As of September 30, 2015, there was a balance of $28,256 on this convertible note. Carebourn Capital, L.P. On March 13, 2015, Carebourn Capital, L.P. entered into a purchase and assignment agreement with Brent Denlinger, holder of a $15,000 convertible promissory note with the Company, to purchase and assign the note in full which included accrued interest of $1,554. The original note bears interest of 9.9% per annum and has a maturity date of April 16, 2015. The convertible notes principle and accrued interest may be converted into shares of the Companys stock at a conversion rate equal to 60% of the lowest closing bid price in the ten days prior to conversion. As of September 30, 2015, no principle has been converted on this note. On March 13, 2015, Carebourn Capital, L.P. entered into a purchase and assignment agreement with Ambrosial Consulting Group LLC, holder of a $20,000 convertible promissory note with the Company, to purchase and assign the note in full. The original note bears interest of 9.9% per annum and has a maturity date of May 15, 2015. The convertible notes principle and accrued interest may be converted into shares of the Companys stock at a conversion rate equal to 60% of the lowest closing bid price in the ten days prior to conversion. In the nine months ended September 30, 2015, Carebourn converted $15,486 of convertible debt into 46,138,842 post reverse split shares of common stock, leaving a balance on the note of $4,514. On March 19, 2015 the Company entered into a securities purchase agreement and convertible promissory note with Carebourn Capital, L.P., a Delaware limited partnership, for the sum of $41,500. The Company received $35,000 cash with the remaining $6,500 being classified as original issue discount. The note bears interest of 12% per annum, matures on December 19, 2015 and may be converted into shares of the Company at a conversion rate of 50% multiplied by average of the lowest three (3) trading prices ten (10) trading days prior to the conversion date. As of September 30, 2015, no principle has been converted on this note. Darling Capital, LLC On April 1, 2015, the Company issued a replacement convertible promissory note to Darling Capital, LLC in the amount of $33,000 plus accrued interest of $3,119. Darling Capital, LLC purchased a portion of a convertible promissory note dated April 1, 2014 issued to Anibus Capital Partners in the original amount of $127,900. The replacement convertible promissory note bears interest of 10% per annum and is due on July 12, 2015. The convertible notes principle and accrued interest may be converted into shares of the Companys stock at a conversion rate equal to 50% of the lowest closing bid price in the twenty days prior to conversion. In the nine months ended September 30, 2015, Darling Capital, LLC converted $3,443 of convertible debt into 130,053,194 post reverse split shares of common stock, leaving a balance on the note of $29,557. The following table summarizes the total outstanding principle on convertible notes payable: September 30, 2015 December 31, 2014 Convertible Notes Payable- Asher Enterprises, Inc. $ 300 $ 300 Convertible Notes Payable - Tangier Investors, LLP Convertible Note Payable- Premier Venture Partners LLC Convertible Note Payable- Dennis Pieczarka 2,500 2,500 Convertible Note payable - Christopher Thompson 57,500 90,000 Convertible Note payable - James Ault 2,565 2,565 Convertible Note payable - Charles Knoop 1,000 1,000 Convertible Note payable - LG Capital Funding 54,527 58,555 Convertible Note payable - JMJ Financial 93,434 98,020 Convertible Note payable - IBC Funds, LLC 54,901 71,071 Convertible Note payable - WHC Capital, LLC 18,689 21,077 Convertible Note payable - ADAR BAYS, LLC 29,100 30,000 Convertible Note payable - Brent Delinger 15,000 Convertible Note payable - Jessie Redmayne 5,000 5,000 Convertible Note payable - Jennifer Salwender 40,000 40,000 Convertible Note payable - Anibus Capital Partners 114,900 147,900 Convertible Note payable - Beaufort Capital Partners, LLC 135,333 137,812 Convertible Note payable - KBM Worldwide 56,560 63,000 Convertible Note payable - Sojourn Investments, LP 43,645 45,000 Convertible Note payable - Ambrosial Consulting Group 47,250 67,250 Convertible Note payable - Carebourn Capital, L.P. 51,970 Convertible Note payable - Darling Capital, LLC 29,557 Convertible Note payable - Atlas Long Term Growth Fund 20,327 Less: Debt discount (147,433 ) (339,934 ) Total Convertible Notes Payable, net of discounts $ 711,625 $ 556,116 Debt Discount In the nine months ended September 30, 2015 and 2014, the Company recorded interest expense pertaining to debt discount on our convertible note in the amounts of $278,501 and $453,263. As of September 30, 2015 and December 31, 2014, the Company has a debt discount balance in the amounts of $147,433 and $339,934. Accrued Interest As of September 30, 2015 and December 31, 2014, the Company has an accrued interest balance pertaining to its outstanding liabilities in the amounts $123,623 and $67,907, respectively. Derivative liability The conversion feature included in our outstanding convertible promissory notes constitute a derivative and have been bifurcated from the note and recorded as a derivative liability, with a corresponding discount recorded to the associated debt on the accompany balance sheet. The Company calculates the derivative liability using the Black Scholes Model which takes into consideration the stock price on the grant date, exercise price with discount to market conversion rate, stock volatility, expected life of the note, risk-free rate, annual rate of quarterly dividends, call option value and put option value. As of September 30, 2015 and December 31, 2014, the Company had $922,017 and $1,564,098 in derivative liability pertaining to the outstanding convertible notes. The following is the range of variables used in revaluing the derivative liabilities at September 30, 2015 and December 31, 2014: September 30, 2015 December 31, 2014 Annual dividend yield 0 0 Expected life (years) of 0.01 .65 0.01 .95 Risk-free interest rate 13 % 13 % Expected volatility 461.8 % 563.9 % |
Stockholders' Deficit
Stockholders' Deficit | 9 Months Ended |
Sep. 30, 2015 | |
Equity [Abstract] | |
Stockholders' Deficit | NOTE 8 - STOCKHOLDERS' DEFICIT Reverse Stock Split (See Note 13 Subsequent Events) On August 28, 2014, the Board of Directors and majority shareholders of Monster Arts Inc., approved a reverse stock split of one for two hundred (1:200) of the Company's total issued and outstanding shares of common stock. The reverse stock split went effective with FINRA on January 16, 2015 which makes it a subsequent event in this Form 10-K filing. The Company has not made any adjustments to its financial statement regarding the reverse stock split in this filing. The reverse stock split can be further referenced in our Form 8-K filing on January 16, 2015. Authorized Common Stock On July 19, 2013, the Company amended its articles of incorporation to increase its authorized shares from 75,000,000 to 750,000,000 of which 730,000,000 were designated as common stock and 20,000,000 were designated as preferred stock. The shares have a par value of $0.001. In August of 2014, the Company amended is articles of incorporation to increase the number of authorized common shares from 730,000,000 to 5,000,000,000 with a par value of $0.001. Authorized Preferred Stock The Company has designated 20,000,000 preferred shares as Series A Preferred Stock, par value $0.001. Each share of Series A Preferred Stock can vote equal to 100 shares of common stock and can be converted to common stock at a rate of 1 to 1. Issuance of Preferred Stock The Company has 20,000,000 Series A preferred shares issued and outstanding as of December 31, 2014 all of which were issued to the Companys chief executive officer, Wayne Irving II, for services rendered. The preferred shares were valued at par $0.001 which resulted in recording compensation expense of $20,000. Issuance of Common Stock In the nine months ended September 30, 2015, the Company issued 198,786,487 post reverse split shares of common stock, of which 194,786,487 shares were issued for the reduction of $44,649 in convertible debt and 200,000 shares were issued for services valued at $4,000 based on our closing trading stock price on the date of the executed consulting agreement. In the year ended December 31, 2014, the Company issued 2,781,845,225 common shares of which 477,381,748 shares were issued to Asher Enterprises, Inc. for the conversion of $250,710 of principle and $5,900 of accrued interest, 58,637,933 shares were issued to Premier Venture Partners, LLC pursuant to the court ordered settlement, 698,000,000 shares were issued to IBC Funds, LLC for the conversion of $90,350 of convertible debt, 40,608,172 shares to WHC Capital, LLC for the conversion of $17,084 in convertible debt, 233,000,000 shares to JMJ Financial for the conversion of $13,980 of convertible debt, 113,700,000 shares to Beaufort Capital for the conversion of $1,137 of convertible debt, 241,946,799 shares were issued to LG Capital, LLC for the conversion of $17,677 of convertible debt, 24,998,879 shares were issued to Ad Shark, Inc. shareholders for the conversion of their Ad Shark, Inc. shares at a ratio of 4.38 Ad Shark shares to Monster Arts Inc. shares, 350,000,000 shares were issued to our chief executive officer, Wayne Irving, for the reduction of $87,500 in accrued payroll liability, and 63,811,693 shares were to consultants for services rendered to the Company. The Company valued the 413,811,693 shares to consultants at the closing share price on the date of issuance which resulted in the Company recording a non-cash consulting expense of $244,847. Stock Payable On April 1, 2015, the Company and its chief executive officer, Wayne Irving II, entered into a settlement agreement whereby Mr. Irving II agreed to settle $50,000 of accrued salary for 200,000,000 post reverse split shares of common stock. The 200,000,000 shares are not yet issued as of the date of this filing and are recorded as a stock payable on our balance sheet. |
Material Agreements
Material Agreements | 9 Months Ended |
Sep. 30, 2015 | |
Material Agreements | |
Material Agreements | NOTE 9 MATERIAL AGREEMENTS Master Purchase Agreement with Iconosys On March 4, 2013, the Company and Iconosys, a privately held corporation, which shares an officer with the Company, entered into a Master Purchase Agreements in order for the Company to purchase, and for Iconosys to sell, certain intellectual property assets, including, without limitation, domain names, trademarks, smart phone apps. In addition, the Company received 15,046,078 shares of Iconosys common stock, $0.001 par value, as consideration for the cancellation of $295,862 in advances to Iconosys and $2,884 in accrued interest receivable. The Iconosys stock received accounts for approximately 10% of the 150,460,781 shares of Iconosys issued and outstanding as of September 30, 2015. Employment Agreement with Chief Executive Officer, Wayne Irving On August 1, 2011, the Companys wholly owned subsidiary, Ad Shark, entered into an employment agreement with its President Wayne Irving. The term of employment shall be three (3) years, commencing on the August 1, 2011 and terminating on July 31, 2014, or at a later mutually agreeable date. Salary compensation is to be paid at the rate of $88,500 annually, payable on a monthly basis. On the anniversary of employment, this rate will increase 5% annually. Monster Arts, Inc. absorbed the employment agreement when Ad Shark was dissolved in early 2014. As of September 30, 2015 and December 31, 2014, the Company had accrued wages of $46,043 and $46,800, respectively which are included in accounts payable and accrued expenses to related party balance. In the year ended December 31, 2014, the Company entered into a debt settlement agreement with its chief executive officer, Wayne Irving, whereby the Company issued 1,750,000 post reverse split shares of common stock for the reduction of $87,500 in accrued payroll liability. Equity Purchase Agreement with Premier Venture On March 12, 2015, the Company entered into the Equity Purchase Agreement with Premier Venture. Pursuant to the terms and provisions of the Equity Purchase Agreement, for a period of thirty-six (36) months commencing on the date of effectiveness of the Registration Statement. Premier Venture shall commit to purchase up to $5,000,000 of the Company's common stock, $.001 par value (the "Shares"), pursuant to Puts (as defined below) covering the Registrable Securities (as defined below). The Purchase Price for the Shares for each Put shall be the put amount multiplied by seventy percent (70%) of the lowest individual daily VWAP of the Shares during the pricing period less six hundred dollars ($600.00). The maximum number of Shares that the Company shall be entitled to Put to Premier Venture per any applicable Put Notice (the Put Amount) shall not exceed the lesser of (i) 200% of the average daily trading volume of Companys common stock on the five trading days prior to the date the Put Notice is received by Premier Venture; and (ii) 120% of the highest put amount on any put notice delivered under the Equity Purchase Agreement (the amount shall never be less than 1,000,000 shares). Notwithstanding the preceding sentence, the Put Amount cannot exceed 4.99% of the outstanding shares of the Company. On March 12, 2015, the Company entered into the Registration Rights Agreement with Premier Venture. Pursuant to the terms and provisions of the Registration Rights Agreement, the Company is obligated to file a registration statement (the "Registration Statement") with the Securities and Exchange Commission to cover the Registrable Securities within thirty (30) days from the date of execution of the Registration Rights Agreement. The Company must use its commercially reasonable efforts to cause the Registration Statement to be declared effective by the Securities and Exchange Commission. |
Related Party Transactions
Related Party Transactions | 9 Months Ended |
Sep. 30, 2015 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | NOTE 12 RELATED PARTY TRANSACTIONS Issuance of Preferred Stock The Company has 20,000,000 Series A preferred shares issued and outstanding as of December 31, 2014 which were issued to the Companys chief executive officer, Wayne Irving II, for services rendered. Debt Settlement Agreement Chief Executive Officer On June 15, 2014, the Company entered into a debt settlement agreement with its chief executive officer, Wayne Irving, whereby the Company issued 100,000,000 shares of common stock for the reduction of $25,000 in accrued payroll liability. On July 30, 2014, the Board of Directors of the Company authorized and approved the execution of a settlement agreement with the Companys chief executive officer, Wayne Irving II, whereby the Company will issue 250,000,000 restricted common shares in return for the reduction in $62,500 in accrued liabilities payable to Mr. Irving pursuant to an employment agreement. Equity interest in Candor Homes Corporation On April 25, 2014, the Company entered into a subscription agreement to buy 53,000 shares of common stock of Candor Homes Corporation, (CH, Inc.) for $10,000 which represents 53% of the equity interest in CH, Inc. As of December 31, 2014, there has been no activity with CH, Inc. and the Company has recorded accounts payable to related party balance of $10,000. The only two directors of CH, Inc. are our chief executive officer, Wayne Irving II and his sister. CH, Inc. is activity analyzing potential land investments in Central Iowa where new homes could be built. As of December 31, 2014, there are no assets, liabilities or activity in CH, Inc. Asset Purchase Agreement with Iconosys for TAVG The Company approved the execution of certain asset purchase and domain name, web site content and trademark assignment agreement dated August 8, 2013 with Iconosys, Inc., a private California corporation which shares an officer with the Company. See footnote 6 for additional details. Notes Payable to Related Parties In 2012, the Company had certain debts paid directly by Iconosys, a private California corporation which shares an officer with the Company. The amounts paid on behalf of the Company totaled $13,250 as of September 30, 2015 and December 31, 2014. They were recorded as a note payable to related party. The note payable has terms of 0% interest and is payable on demand. Pursuant to the asset purchase agreement with Iconosys executed on August 8, 2013, further described in Note 6, the Company issued a promissory note to Iconosys in the amount of $45,000, due August 7, 2014, with annum interest of 4% for the purchase of TAVG (see Note 6). As of September 30, 2015, the note to Iconosys has a balance of $2,244. At September 30, 2015 and December 31, 2014, the Company had notes payable to related parties balance of $15,494. Loan receivable to related party The Companys subsidiary, Ad Shark Inc., has a $300,000 line of credit agreement with Iconosys. The line of credit agreement has terms of 4%, payable on demand. Iconosys is a private California corporation which shares an officer with the Company. Mr. Irving was appointed CFO in May of 2012 and then appointed CEO in late 2012. Iconosys was at one time the parent company to Ad Shark, Inc. At September 30, 2015 and December 31, 2014, the total loan receivable balance advanced to Iconosys is $284,943, respectively. At September 30, 2015 and December 31, 2014, the accrued interest receivable to related party balance was $35,262 and $26,715, respectively. Employment Agreement with Chief Executive Officer, Wayne Irving On August 1, 2011, the Companys wholly owned subsidiary, Ad Shark, entered into an employment agreement with its President Wayne Irving. The term of employment shall be three (3) years, commencing on the August 1, 2011 and terminating on July 31, 2014, or at a later mutually agreeable date. Salary compensation is to be paid at the rate of $88,500 annually, payable on a monthly basis. On the anniversary of employment, this rate will increase 5% annually. Monster Arts, Inc. absorbed the employment agreement when Ad Shark was dissolved in early 2014. As of September 30, 2015 and December 31, 2014, the Company had accrued wages owed to Wayne Irving II in the amounts of $46,043 and $46,800. Employment Agreement with Chief Financial Officer, Tisha Lawton In August of 2014, the Company appointed Tisha Lawton as the Secretary, Treasurer and Chief Financial Officer of the Company. The Company will pay Mrs. Lawton a yearly salary of $10,000. As additional compensation, Mrs Lawton will be paid 5,000,000 shares of restricted common stock per calendar quarter or the equivalent of $12,000, whichever is less. In the year ended December 31, 2014, the Company issued 5,000,000 common shares to Mrs. Lawton. In December of 2014, Mrs. Lawton resigned as the Secretary, Treasurer and Chief Financial Officer of the Company. Her employment agreement was cancelled in December of 2014. |
Subsequent Events
Subsequent Events | 9 Months Ended |
Sep. 30, 2015 | |
Subsequent Events [Abstract] | |
Subsequent Events | NOTE 13 - SUBSEQUENT EVENTS Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855 and has determined that other than mentioned below no other material subsequent events exist. 1. From October 1, 2015 through the date of this filing, the Company issued 825,095,826 post reverse stock split shares of common stock for the reduction of $50,000 of accrued wages to our CEO, $28,560 in principle convertible debt and $1,034 of accrued interest. 2. On October 28, 2015, the Registrant filed with the Nevada Secretary of State a Certificate of Designation of Series B Preferred Stock designating 5,300 shares of authorized preferred stock. The Series B Preferred Stock had been authorized by the Board of Directors as a new series of preferred stock, which ranks above the Common Stockholders. 3. On November 12, 2015, the Company entered into a convertible note and securities purchase agreement in the amount of $13,000 with Carebourne Capital, L.P. The note is convertible at a 50% discount to the lowest closing trading share price in the twenty trading days prior to conversion. The note bears interest of 12% and is due on November 12, 2016. |
Significant Accounting Polici17
Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2015 | |
Accounting Policies [Abstract] | |
Basis of Accounting | Basis of Accounting These financial statements are prepared on the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America (US GAAP). |
Unaudited Interim Financial Information | Unaudited Interim Financial Information The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in The United States of America and the rules and regulations of the Securities and Exchange Commission for interim financial information. Accordingly, they do not include all the information necessary for a comprehensive presentation of financial position and results of operations. It is management's opinion, however, that all material adjustments (consisting of normal and recurring adjustments) have been made which are necessary for a fair financial statements presentation. The results for the three months ended September 30, 2015 are not necessarily indicative of the results to be expected for the fiscal year ending December 31, 2015. |
Principles of consolidation | Principles of consolidation The accompanying consolidated financial statements include all of the accounts of the Company and Candor Homes Corporation as of September 30, 2015 and December 31, 2014. The Company has an equity interest in the following entities; · 51% of Candor Homes Corporation The Company has accounted for the non-controlling interest using GAAP accounting standards. All intercompany balances and transactions have been eliminated. |
Development Stage Company | Development Stage Company The Company is currently a development stage enterprise reporting under the provisions of FASB ASC Topic 915 , Development Stage Entity |
Reclassification | Reclassification On August 28, 2014 |
Cash and Cash Equivalents | Cash and Cash Equivalents The Company considers all short-term investments with a maturity of three months or less at the date of purchase to be cash equivalents. As of September 30, 2015 and December 31, 2014, there are no cash equivalents. |
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 revenue and expenses during the reporting period. Actual results could differ from those estimates. |
Revenue Recognition | Revenue Recognition In accordance with ASC 605 and SEC Staff Accounting Bulletin 104, fee revenue is recognized in the period that the Company's advertiser customer generates a sale or other agreed-upon action on the Company's affiliate marketing networks or as a result of the Company's other services, provided that no significant Company obligations remain, collection of the resulting receivable is reasonably assured, and the fees are fixed or determinable. All transactional services revenues are recognized on a gross basis in accordance with the provisions of ASC Subtopic 605-45, due to the fact that the Company is the primary obligor, and bears all credit risk to its customer, and publisher expenses that are directly related to a revenue-generating event are recorded as a component of commission paid. |
Earnings Per Share | Earnings per Share Historical net (loss) per common share is computed using the weighted average number of common shares outstanding. Diluted earnings per share include additional dilution from common stock equivalents, such as stock issuable pursuant to the exercise of securities or other contracts to issue common stock that were exercised or converted into common stock or resulted in the issuance of common stock that shared in the earnings of the entity. |
Equipment | Equipment Equipment is stated at cost, less accumulated depreciation. Depreciation is provided principally on the straight-line method over the estimated useful lives of the assets, which consist of computer equipment, which is 3 years. The cost of repairs and maintenance is charged to expense as incurred. Expenditures for equipment betterments and renewals are capitalized. Upon sale or other disposition of a depreciable asset, cost and accumulated depreciation are removed from the accounts and any gain or loss is reflected in other income or expense. The Company will periodically evaluate whether events and circumstances have occurred that may warrant revision of the estimated useful lives of equipment and website development costs or whether the remaining balance of equipment should be evaluated for possible impairment. The Company uses an estimate of the related undiscounted cash flows over the remaining life of the equipment in measuring their recoverability. |
Website Development Costs | Website Development Costs The Company recognizes the costs associated with developing a website in accordance with FASB ASC 350-50 Website Development Costs. |
Fair Value of Financial Instruments | Fair Value of Financial Instruments The carrying amounts of the financial instruments, including cash and cash equivalents, accounts receivable, accounts payable, and accrued liabilities, approximate fair value due to the short maturities of these financial instruments. The notes payable are also considered financial instruments whose carrying amounts approximate fair values. |
Intangible Assets | Intangible assets The Company follows Financial Accounting Standard Boards (FASB) Codification Topic 350-10 (ASC 350-10), Intangibles - Goodwill and Other to determine the method of amortization of its intangible assets. The Companys intangible assets are capitalized at historical cost and are amortized over their useful lives. The Company amortizes its license of SSL5 intellectual property using the straight-line method over an estimated useful life of 10 years. |
Stock-Based compensation | Stock-based compensation The Company records stock based compensation in accordance with the guidance in ASC Topic 718 which requires the Company to recognize expenses related to the fair value of its employee stock option awards. This eliminates accounting for share-based compensation transactions using the intrinsic value and requires instead that such transactions be accounted for using a fair-value-based method. The Company recognizes the cost of all share-based awards on a graded vesting basis over the vesting period of the award. ASC 505, "Compensation-Stock Compensation", establishes standards for the accounting for transactions in which an entity exchanges its equity instruments to non-employees for goods or services. Under this transition method, stock compensation expense includes compensation expense for all stock-based compensation awards granted on or after January 1, 2006, based on the grant-date fair value estimated in accordance with the provisions of ASC 505. |
Income Taxes | Income Taxes The Company accounts for its income taxes in accordance with Income Taxes Topic of the FASB ASC 740, which requires recognition of deferred tax assets and liabilities for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in operations in the period that includes the enactment date. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements Company management does not believe that any other recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying financial statements. |
Fixed Assets (Tables)
Fixed Assets (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Property, Plant and Equipment [Abstract] | |
Schedule of Fixed Assets | Property and equipment consists of the following at September 30, 2015 and December 31, 2014: September 30, December 31, 2014 Property and equipment, net $ 2,364 $ 2,364 Less: accumulated depreciation 2,364 2,364 Property and equipment, net $ $ |
Convertible Notes Payable (Tabl
Convertible Notes Payable (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Convertible Notes Payable Tables | |
Schedule of Total Outstanding Principle on Convertible Notes Payable | The following table summarizes the total outstanding principle on convertible notes payable: September 30, 2015 December 31, 2014 Convertible Notes Payable- Asher Enterprises, Inc. $ 300 $ 300 Convertible Notes Payable - Tangier Investors, LLP Convertible Note Payable- Premier Venture Partners LLC Convertible Note Payable- Dennis Pieczarka 2,500 2,500 Convertible Note payable - Christopher Thompson 57,500 90,000 Convertible Note payable - James Ault 2,565 2,565 Convertible Note payable - Charles Knoop 1,000 1,000 Convertible Note payable - LG Capital Funding 54,527 58,555 Convertible Note payable - JMJ Financial 93,434 98,020 Convertible Note payable - IBC Funds, LLC 54,901 71,071 Convertible Note payable - WHC Capital, LLC 18,689 21,077 Convertible Note payable - ADAR BAYS, LLC 29,100 30,000 Convertible Note payable - Brent Delinger 15,000 Convertible Note payable - Jessie Redmayne 5,000 5,000 Convertible Note payable - Jennifer Salwender 40,000 40,000 Convertible Note payable - Anibus Capital Partners 114,900 147,900 Convertible Note payable - Beaufort Capital Partners, LLC 135,333 137,812 Convertible Note payable - KBM Worldwide 56,560 63,000 Convertible Note payable - Sojourn Investments, LP 43,645 45,000 Convertible Note payable - Ambrosial Consulting Group 47,250 67,250 Convertible Note payable - Carebourn Capital, L.P. 51,970 Convertible Note payable - Darling Capital, LLC 29,557 Convertible Note payable - Atlas Long Term Growth Fund 20,327 Less: Debt discount (147,433 ) (339,934 ) Total Convertible Notes Payable, net of discounts $ 711,625 $ 556,116 |
Schedule of Revaluing the Derivative Liability | The following is the range of variables used in revaluing the derivative liabilities at September 30, 2015 and December 31, 2014: September 30, 2015 December 31, 2014 Annual dividend yield 0 0 Expected life (years) of 0.01 .65 0.01 .95 Risk-free interest rate 13 % 13 % Expected volatility 461.8 % 563.9 % |
Fixed Assets (Details)
Fixed Assets (Details) - USD ($) | Sep. 30, 2015 | Dec. 31, 2014 |
Fixed Assets Details | ||
Property and equipment, net | $ 2,364 | $ 2,364 |
Less : accumulated depreciation | $ 2,364 | $ 2,364 |
Property and equipment, net |
Convertible Notes Payable (Sche
Convertible Notes Payable (Schedule of Total Outstanding Principle on Convertible Notes Payable) (Details) - USD ($) | Sep. 30, 2015 | Dec. 31, 2014 |
Short-term Debt [Line Items] | ||
Convertible notes payable, outstanding amount | $ 711,625 | $ 556,116 |
Less: Debt discount | (147,433) | (339,934) |
Convertible Note Payable - Asher Enterprises Inc [Member] | ||
Short-term Debt [Line Items] | ||
Convertible notes payable, outstanding amount | $ 300 | $ 300 |
Convertible Note Payable - Tangier Investors LLP [Member] | ||
Short-term Debt [Line Items] | ||
Convertible notes payable, outstanding amount | ||
Convertible Notes Payable - Premier Venture Partners LLC [Member] | ||
Short-term Debt [Line Items] | ||
Convertible notes payable, outstanding amount | ||
Convertible Note Payable - Dennis Pieczarka [Member] | ||
Short-term Debt [Line Items] | ||
Convertible notes payable, outstanding amount | $ 2,500 | $ 2,500 |
Convertible Note Payable - Christopher Thompson [Member] | ||
Short-term Debt [Line Items] | ||
Convertible notes payable, outstanding amount | 57,500 | 90,000 |
Convertible Note Payable - James Ault [Member] | ||
Short-term Debt [Line Items] | ||
Convertible notes payable, outstanding amount | 2,565 | 2,565 |
Convertible Note Payable - Charles Knoop [Member] | ||
Short-term Debt [Line Items] | ||
Convertible notes payable, outstanding amount | 1,000 | 1,000 |
Convertible Note Payable - LG Capital Funding [Member] | ||
Short-term Debt [Line Items] | ||
Convertible notes payable, outstanding amount | 54,527 | 58,555 |
Convertible Note Payable - JMJ Financial [Member] | ||
Short-term Debt [Line Items] | ||
Convertible notes payable, outstanding amount | 93,434 | 98,020 |
Convertible Note Payable - IBC Funds, LLC [Member] | ||
Short-term Debt [Line Items] | ||
Convertible notes payable, outstanding amount | 54,901 | 71,071 |
Convertible Note Payable - WHC Capital, LLC [Member] | ||
Short-term Debt [Line Items] | ||
Convertible notes payable, outstanding amount | 18,689 | 21,077 |
Convertible Note Payable - ADAR BAYS, LLC [Member] | ||
Short-term Debt [Line Items] | ||
Convertible notes payable, outstanding amount | $ 29,100 | 30,000 |
Convertible Note Payable - Brent Denlinger [Member] | ||
Short-term Debt [Line Items] | ||
Convertible notes payable, outstanding amount | 15,000 | |
Convertible Note Payable - Jessie Redmayne [Member] | ||
Short-term Debt [Line Items] | ||
Convertible notes payable, outstanding amount | $ 5,000 | 5,000 |
Convertible Note Payable - Jennifer Salwender [Member] | ||
Short-term Debt [Line Items] | ||
Convertible notes payable, outstanding amount | 40,000 | 40,000 |
Convertible Note Payable - Anubis Capital Partners [Member] | ||
Short-term Debt [Line Items] | ||
Convertible notes payable, outstanding amount | 114,900 | 147,900 |
Convertible Note Payable - Beaufort Capital Partners, LLC [Member] | ||
Short-term Debt [Line Items] | ||
Convertible notes payable, outstanding amount | 135,333 | 137,812 |
Convertible Note Payable - KBM Worldwide [Member] | ||
Short-term Debt [Line Items] | ||
Convertible notes payable, outstanding amount | 56,560 | 63,000 |
Convertible Note Payable - Sojourn Investments, LP [Member] | ||
Short-term Debt [Line Items] | ||
Convertible notes payable, outstanding amount | 43,645 | 45,000 |
Convertible Note Payable - Ambrosial Consulting Group [Member] | ||
Short-term Debt [Line Items] | ||
Convertible notes payable, outstanding amount | 47,250 | $ 67,250 |
Convertible Note Payable - Carebourn Capital, L.P [Member] | ||
Short-term Debt [Line Items] | ||
Convertible notes payable, outstanding amount | 51,970 | |
Convertible Note Payable - Darling Capital, LLC [Member] | ||
Short-term Debt [Line Items] | ||
Convertible notes payable, outstanding amount | 29,557 | |
Convertible Note Payable - Atlas Long Term Growth Fund [Member] | ||
Short-term Debt [Line Items] | ||
Convertible notes payable, outstanding amount | $ 20,327 |
Convertible Notes Payable (Sc22
Convertible Notes Payable (Schedule of Revaluing the Derivative Liability) (Details) - Derivative Liabilities [Member] | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2015 | Sep. 30, 2014 | Dec. 31, 2014 | |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Annual dividend yield | 0.00% | 0.00% | |
Risk-free interest rate | 13.00% | 13.00% | |
Expected volatility | 461.80% | 563.90% | |
Minimum [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Expected life (years) of | 4 days | 4 days | |
Maximum [Member] | |||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | |||
Expected life (years) of | 7 months 24 days | 11 months 12 days |
Organization & Business Descr23
Organization & Business Description (Narrative) (Details) | Aug. 28, 2014 |
Common Stock [Member] | |
Reverse stock split | 200:1 |
Significant Accounting Polici24
Significant Accounting Policies (Narrative) (Details) | 9 Months Ended |
Sep. 30, 2015 | |
Intellectual Property [Member] | |
Property, Plant and Equipment [Line Items] | |
Intangible assets useful life | 10 years |
Computer Equipment [Member] | |
Property, Plant and Equipment [Line Items] | |
Estimated useful life of equipment | 3 years |
Available For Sale Securities (
Available For Sale Securities (Narrative) (Details) - USD ($) | Nov. 01, 2013 | Dec. 31, 2014 | Sep. 30, 2015 |
Available-for-sale securities | $ 1,619 | ||
Consulting Agreement With Mind Solution Inc [Member] | |||
Common shares received under an agreements | 50,000,000 | ||
Available-for-sale securities | $ 1,619 | $ 0 | |
Number os shares sold | 47,855,085 | ||
Proceeds from sale of available-for-sale securities | $ 34,895 | ||
Number of shares held by company | 2,144,915 | ||
Joint Venture Agreement With Intelligent Living Inc [Member] | |||
Joint venture agreement terms | The Companys revenue sharing will be 35% of gross payments from app sales from Google Play and 50% of gross payments from app sales through Amazon, Nook, iTunes, and others. The Company will be paid in the form of stock by ILIV which is a publically traded company trading on the OTCQB under the symbol ILIV. The Company will be issued 10,000,000 shares of ILIV upon execution of the JVA. The Company will also be issued 4,000,000 shares of ILIV in quarterly installments over a period of 2 years from the date of the agreement. | ||
Common shares received under an agreements | 10,000,000 | ||
Available-for-sale securities | $ 10,000 | $ 6,000 | $ 0 |
Number of shares held by company | 6,593,500 |
Fixed Assets (Narrative) (Detai
Fixed Assets (Narrative) (Details) - USD ($) | 9 Months Ended | |
Sep. 30, 2015 | Sep. 30, 2014 | |
Fixed Assets Narrative Details | ||
Depreciation expenses | $ 0 | $ 394 |
Asset Purchase Agreement With27
Asset Purchase Agreement With Iconosys (TAVG) (Narrative) (Details) - USD ($) | Aug. 08, 2013 | Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | Dec. 31, 2014 |
Noncash or Part Noncash Acquisitions [Line Items] | ||||||
Notes payable to related party | $ 15,494 | $ 15,494 | $ 15,494 | |||
Service Revenue - relating to TAVG assets | 8,652 | $ 23,425 | 32,700 | $ 120,888 | ||
Deferred Revenue - relating to TAVG membership sales | 4,065 | 4,065 | 34,709 | |||
Asset Purchase Agreement [Member] | Iconosys, Inc Shares An Officer [Member] | ||||||
Noncash or Part Noncash Acquisitions [Line Items] | ||||||
Description of asset purchase agreement | The Company shall purchase all right, title and interest in and to the assets of Iconosys as follows: (i) the Iconosys trademarks (the "Trademarks"); (ii) the Iconosys domain name (the "Domain Name") together with all associated service marks, copyrights, trade names and other intellectual property associated with the Domain Name; (iii) the Iconsys web site content (the "Web Site"), together with all associated intellectual property rights to the Web Site. | |||||
Purchase price as per asset purchase agreement | $ 250,000 | |||||
Part payment as per asset purchase agreement | 50,000 | |||||
Cash payment as per asset purchase agreement | 5,000 | |||||
Shares issued for assets purchase agreement, value | $ 200,000 | |||||
Shares closing price | $ 0.19 | |||||
No of shares issued for asset purchase agreement | 1,052,632 | |||||
Service Revenue - relating to TAVG assets | 32,425 | $ 15,121 | ||||
Deferred Revenue - relating to TAVG membership sales | 4,065 | 4,065 | 34,709 | |||
Asset Purchase Agreement [Member] | Iconosys, Inc Shares An Officer [Member] | Promissory Note Dated August 08, 2013 [Member] | ||||||
Noncash or Part Noncash Acquisitions [Line Items] | ||||||
Promissory note issued for asset purchase agreement | $ 45,000 | |||||
Interest percent | 4.00% | |||||
Note issuance date | Aug. 8, 2013 | |||||
Note maturity date | Aug. 8, 2014 | |||||
Notes payable to related party | $ 2,244 | $ 2,244 | $ 2,244 |
Convertible Notes Payable (Narr
Convertible Notes Payable (Narrative) (Details) - USD ($) | Mar. 15, 2015 | Sep. 29, 2014 | Aug. 01, 2014 | Jul. 02, 2014 | Jun. 16, 2014 | May. 01, 2014 | Mar. 15, 2014 | Mar. 07, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | Dec. 31, 2014 |
Debt Instrument [Line Items] | ||||||||||||||
Proceeds from note | $ 35,000 | $ 718,721 | ||||||||||||
Common Stock [Member] | ||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||
Debt conversion converted instrument amount | $ 44,649 | |||||||||||||
Shares issued for conversion of debt | 194,786,487 | |||||||||||||
Securities Purchase Agreement With Christopher Thompson Dated May 1, 2014 [Member] | ||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||
Debt instrument face value | $ 15,000 | |||||||||||||
Interest percent | 9.90% | |||||||||||||
Note maturity date | May 1, 2015 | |||||||||||||
Debt conversion terms | The convertible notes principle and accrued interest may at any time be converted into shares of the Companys stock at a conversion rate equal to 60% of the lowest closing bid price in the ten days prior to conversion. | |||||||||||||
Notes assigned | $ (15,000) | |||||||||||||
Convertible Note Payable Assigned To Atlas Long Term Growth Fund Dated March 15, 2015 [Member] | ||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||
Interest percent | 9.90% | |||||||||||||
Note maturity date | Jul. 1, 2015 | |||||||||||||
Debt conversion terms | The convertible notes principle and accrued interest may be converted into shares of the Companys stock at a conversion rate equal to 60% of the lowest closing bid price in the ten days prior to conversion. | |||||||||||||
Notes assigned | $ 30,000 | |||||||||||||
Debt instrument carrying value | $ 28,256 | |||||||||||||
Convertible Note Payable Assigned To Atlas Long Term Growth Fund Dated March 15, 2015 [Member] | Common Stock [Member] | ||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||
Debt conversion converted instrument amount | $ 1,744 | |||||||||||||
Shares issued for conversion of debt | 5,789,845 | |||||||||||||
Convertible Note Payable With Christopher Thompson Dated July 01, 2014 [Member] | ||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||
Debt instrument face value | $ 15,000 | |||||||||||||
Interest percent | 9.90% | |||||||||||||
Note maturity date | Jul. 1, 2015 | |||||||||||||
Debt conversion terms | The convertible notes principle and accrued interest may be converted into shares of the Companys stock at a conversion rate equal to 60% of the lowest closing bid price in the ten days prior to conversion. | |||||||||||||
Notes assigned | $ (15,000) | |||||||||||||
Convertible Note Payable With Christopher Thompson Dated August 01, 2014 [Member] | ||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||
Debt instrument face value | $ 30,000 | |||||||||||||
Interest percent | 9.90% | |||||||||||||
Note maturity date | Feb. 1, 2015 | |||||||||||||
Debt conversion terms | The convertible notes principle and accrued interest may be converted into shares of the Companys stock at a conversion rate equal to 60% of the lowest closing bid price in the ten days prior to conversion. | |||||||||||||
Repayment of convertible notes | $ 2,500 | |||||||||||||
Debt instrument carrying value | 27,500 | |||||||||||||
Convertible Note Payable With Christopher Thompson Dated September 29, 2014 [Member] | ||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||
Debt instrument face value | $ 30,000 | |||||||||||||
Interest percent | 9.90% | |||||||||||||
Note maturity date | Sep. 29, 2015 | |||||||||||||
Debt conversion terms | The convertible notes principle and accrued interest may be converted into shares of the Companys stock at a conversion rate equal to 60% of the lowest closing bid price in the ten days prior to conversion. | |||||||||||||
Convertible Note Payable Issued on March 07, 2014 - LG Capital Funding [Member] | ||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||
Debt instrument face value | $ 32,000 | |||||||||||||
Interest percent | 8.00% | |||||||||||||
Note maturity date | Mar. 7, 2015 | |||||||||||||
Debt conversion terms | The convertible notes principle and accrued interest may be converted into shares of the Companys stock at a conversion rate equal to 60% of the lowest closing bid price in the fifteen days prior to conversion. | |||||||||||||
Debt instrument carrying value | 14,759 | |||||||||||||
Convertible Note Payable Issued on March 07, 2014 - LG Capital Funding [Member] | Common Stock [Member] | ||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||
Debt conversion converted instrument amount | $ 15,890 | |||||||||||||
Shares issued for conversion of debt | 15,451,383 | |||||||||||||
Convertible Note Payable Issued on June 16, 2014 - LG Capital Funding [Member] | ||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||
Debt instrument face value | $ 42,000 | |||||||||||||
Interest percent | 8.00% | |||||||||||||
Note maturity date | Jun. 16, 2015 | |||||||||||||
Debt conversion terms | The convertible notes principle and accrued interest be converted into shares of the Companys stock at a conversion rate equal to 55% of the lowest closing bid price in the fifteen days prior to conversion. | |||||||||||||
Convertible Note Payable With JMJ Financial Dated March 15, 2014 [Member] | ||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||
Debt instrument face value | $ 500,000 | |||||||||||||
Interest percent | 12.00% | |||||||||||||
Debt conversion terms | The convertible notes principle and accrued interest may be converted into shares of the Companys stock at a conversion rate equal to 60% of the lowest closing bid price in the twenty-five days prior to conversion. | |||||||||||||
Debt instrument carrying value | $ 93,434 | |||||||||||||
Proceeds from note | $ 30,000 | $ 30,000 | $ 30,000 | $ 90,000 | ||||||||||
Original issue discount | $ 7,333 | $ 7,333 | $ 7,333 | $ 22,000 | ||||||||||
Interest term | 0% for the first three months, then 12% per annum thereafter | |||||||||||||
Convertible Note Payable With JMJ Financial Dated March 15, 2014 [Member] | Common Stock [Member] | ||||||||||||||
Debt Instrument [Line Items] | ||||||||||||||
Debt conversion converted instrument amount | $ 18,566 | |||||||||||||
Shares issued for conversion of debt | 12,459,000 |
Convertible Notes Payable (Na29
Convertible Notes Payable (Narrative) (Details 1) - USD ($) | Jul. 12, 2014 | Jul. 11, 2014 | Jun. 14, 2014 | May. 15, 2014 | Apr. 30, 2014 | Apr. 25, 2014 | Apr. 24, 2014 | Sep. 30, 2015 | Dec. 31, 2014 |
Common Stock [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Debt conversion converted instrument amount | $ 44,649 | ||||||||
Shares issued for conversion of debt | 194,786,487 | ||||||||
Convertible Note Payable - IBC Funds, LLC [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Debt conversion converted instrument amount | $ 208,321 | ||||||||
Convertible Note Payable - IBC Funds, LLC [Member] | IBC Funds LLC vs Monster Arts, Inc [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Debt instrument carrying value | $ 70,071 | ||||||||
Settlement order description | In satisfaction of the debt, we agreed to issue shares of our common stock in one or more tranches to IBC Funds in the manner contemplated in the Settlement Agreement and Stipulation at a conversion price of 50% discount to market as calculated as the lowest closing trading price in the 15 (15) days prior to a conversion notice. In accordance with the terms of the Settlement Agreement and Stipulation, the court was advised of our intention to rely upon the exception to registration set forth in Section 3(a)(l0) of the Securities Act to support the issuance of the shares. | ||||||||
Convertible Note Payable - IBC Funds, LLC [Member] | Common Stock [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Debt conversion converted instrument amount | $ 90,350 | ||||||||
Shares issued for conversion of debt | 698,000,000 | ||||||||
Convertible Note Payable - IBC Funds, LLC [Member] | Common Stock [Member] | IBC Funds LLC vs Monster Arts, Inc [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Debt conversion converted instrument amount | $ 144,070 | ||||||||
Shares issued for conversion of debt | 9,180,000 | ||||||||
Convertible Note Payable With WHC Capital, LLC Dated April 30, 2014 [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Debt instrument face value | $ 22,000 | ||||||||
Interest percent | 12.00% | ||||||||
Note maturity date | Apr. 30, 2015 | ||||||||
Debt conversion terms | The convertible notes principle and accrued interest may be converted into shares of the Companys stock at a conversion rate equal to 55% of the lowest closing bid price in the fifteen days prior to conversion. | ||||||||
Debt instrument carrying value | $ 13,528 | ||||||||
Convertible Note Payable With WHC Capital, LLC Dated April 30, 2014 [Member] | Common Stock [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Debt conversion converted instrument amount | $ 8,421 | ||||||||
Shares issued for conversion of debt | 5,130,010 | ||||||||
Convertible Note Payable - Jennifer Salwender [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Notes assigned | $ (5,161) | ||||||||
Securities Exchange And Settlement Agreement With WHC Capital, LLC Dated July 11, 2014 [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Debt conversion terms | The convertible notes principle and accrued interest may be converted into shares of the Companys stock at a conversion rate equal to 55% of the lowest closing bid price in the fifteen days prior to conversion. | ||||||||
Notes assigned | $ 5,161 | ||||||||
Convertible Promissory Note With Jennifer Salwender Dated May 15, 2014 [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Debt instrument face value | $ 20,000 | ||||||||
Interest percent | 9.00% | ||||||||
Note maturity date | May 15, 2015 | ||||||||
Debt conversion terms | The convertible notes principle and accrued interest may be converted into common shares of the Companys after 180 days from the issuance date at a discount of 40% off the lowest closing traded price during the prior 10 trading days to a notice of conversion. | ||||||||
Convertible Promissory Note With Jennifer Salwender Dated June 14, 2014 [Member] | |||||||||
Debt Instrument [Line Items] | |||||||||
Debt instrument face value | $ 20,000 | ||||||||
Interest percent | 9.90% | ||||||||
Note maturity date | Jun. 14, 2015 | ||||||||
Debt conversion terms | The convertible notes principle and accrued interest may be converted into common shares of the Companys after 180 days from the issuance date at a discount of 40% off the lowest closing traded price during the prior 10 trading days to a notice of conversion. |
Convertible Notes Payable (Na30
Convertible Notes Payable (Narrative) (Details 2) - USD ($) | Apr. 01, 2015 | Jul. 27, 2014 | Jun. 27, 2014 | Jun. 13, 2014 | May. 02, 2014 | Apr. 01, 2014 | Sep. 30, 2015 | Sep. 30, 2014 |
Convertible Note Payable Assigned To Beaufort Capital Partners, LLC Dated June 27, 2014 | ||||||||
Debt Instrument [Line Items] | ||||||||
Note maturity date | Dec. 27, 2014 | |||||||
Debt conversion terms | The convertible notes principle and accrued interest may be converted into common shares of the Companys after the maturity date at a discount of 50% off the lowest traded price during the prior 20 trading days to a notice of conversion. | |||||||
Debt instrument carrying value | $ 63,950 | |||||||
Common Stock [Member] | ||||||||
Debt Instrument [Line Items] | ||||||||
Debt conversion converted instrument amount | $ 44,649 | |||||||
Shares issued for conversion of debt | 194,786,487 | |||||||
Convertible Note Payable Issued on May 2, 2014 - Adar Bays, LLC [Member] | ||||||||
Debt Instrument [Line Items] | ||||||||
Debt instrument face value | $ 30,000 | |||||||
Interest percent | 8.00% | |||||||
Note maturity date | May 2, 2015 | |||||||
Debt conversion terms | The convertible notes principle and accrued interest may be converted into shares of the Companys stock at a conversion rate equal to 50% of the lowest closing bid price in the fifteen days prior to conversion. | |||||||
Debt instrument carrying value | $ 29,100 | |||||||
Convertible Note Payable Issued on May 2, 2014 - Adar Bays, LLC [Member] | Common Stock [Member] | ||||||||
Debt Instrument [Line Items] | ||||||||
Debt conversion converted instrument amount | $ 900 | |||||||
Shares issued for conversion of debt | 360,000 | |||||||
Convertible Note Payable With KBM Worldwide, Inc. Dated June 13, 2014 [Member] | ||||||||
Debt Instrument [Line Items] | ||||||||
Debt instrument face value | $ 63,000 | |||||||
Interest percent | 8.00% | |||||||
Note maturity date | Mar. 17, 2015 | |||||||
Debt conversion terms | The convertible notes principle and accrued interest may be converted into shares of the Companys stock at a conversion rate equal to 55% of the lowest closing bid price in the ten days prior to conversion. | |||||||
Debt instrument carrying value | $ 56,560 | |||||||
Convertible Note Payable With KBM Worldwide, Inc. Dated June 13, 2014 [Member] | Common Stock [Member] | ||||||||
Debt Instrument [Line Items] | ||||||||
Debt conversion converted instrument amount | $ 6,440 | |||||||
Shares issued for conversion of debt | 4,583,227 | |||||||
Convertible Note Payable With Anubis Capital Partners Dated April 01, 2014 [Member] | ||||||||
Debt Instrument [Line Items] | ||||||||
Debt instrument face value | $ 127,900 | |||||||
Interest percent | 10.00% | |||||||
Note maturity date | Apr. 1, 2015 | |||||||
Debt conversion terms | The convertible notes principle and accrued interest may at any time be converted into shares of the Companys stock at a conversion rate equal to 50% of the lowest closing bid price in the twenty days prior to conversion. | |||||||
Notes assigned | $ (33,000) | $ (63,950) | ||||||
Convertible Note Payable Assigned To Beaufort Capital Partners, LLC Dated June 27, 2014 [Member] | ||||||||
Debt Instrument [Line Items] | ||||||||
Interest percent | 10.00% | |||||||
Note maturity date | Apr. 1, 2015 | |||||||
Debt conversion terms | The convertible notes principle and accrued interest may be converted into shares of the Companys stock at a conversion rate equal to 50% of the lowest closing bid price in the twenty days prior to conversion. | |||||||
Notes assigned | $ 63,950 |
Convertible Notes Payable (Na31
Convertible Notes Payable (Narrative) (Details 3) - USD ($) | Nov. 15, 2014 | Oct. 01, 2014 | Jul. 14, 2014 | Jun. 27, 2014 | Sep. 30, 2015 | Sep. 30, 2014 |
Debt Instrument [Line Items] | ||||||
Proceeds from note | $ 35,000 | $ 718,721 | ||||
Convertible Note Payable With Beaufort Capital Partners, LLC Dated June 27, 2014 [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Note maturity date | Dec. 27, 2014 | |||||
Debt conversion terms | The convertible notes principle and accrued interest may be converted into common shares of the Companys after the maturity date at a discount of 50% off the lowest traded price during the prior 20 trading days to a notice of conversion. | |||||
Debt instrument carrying value | 63,950 | |||||
Original issue discount | $ 25,000 | |||||
Common Stock [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Debt conversion converted instrument amount | $ 44,649 | |||||
Shares issued for conversion of debt | 194,786,487 | |||||
Convertible Note Payable With Anubis Capital Partners Dated October 01, 2014 [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Debt instrument face value | $ 83,950 | |||||
Interest percent | 8.00% | |||||
Note maturity date | Oct. 1, 2015 | |||||
Debt conversion terms | The convertible notes principle and accrued interest may be converted into shares of the Companys stock at a conversion rate equal to 50% of the lowest closing bid price in the twenty days prior to conversion | |||||
Debt instrument carrying value | $ 83,950 | |||||
Convertible Note Payable With Beaufort Capital Partners, LLC Dated June 27, 2014 [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Debt instrument face value | $ 75,000 | |||||
Interest percent | 12.00% | |||||
Debt instrument carrying value | 73,856 | |||||
Convertible Note Payable With Beaufort Capital Partners, LLC Dated June 27, 2014 [Member] | Common Stock [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Debt conversion converted instrument amount | $ 3,619 | |||||
Shares issued for conversion of debt | 6,498,094 | |||||
Convertible Note Payable With Sojourn Investments, LP Dated July 14, 2014 | ||||||
Debt Instrument [Line Items] | ||||||
Debt instrument face value | $ 7,500 | $ 37,500 | ||||
Interest percent | 12.00% | 12.00% | ||||
Note maturity date | Nov. 15, 2015 | Jun. 14, 2015 | ||||
Debt conversion terms | The convertible note has interest of 12% per annum and is convertible into common shares of the Company at a conversion rate of 50% off the lowest trading market price for 20 days prior to conversion | The convertible note has interest of 12% per annum and is convertible into common shares of the Company at a conversion rate of 50% off the lowest trading market price for 20 days prior to conversion | ||||
Debt instrument carrying value | $ 36,145 | |||||
Original issue discount | $ 1,500 | $ 12,500 | ||||
Convertible Note Payable With Sojourn Investments, LP Dated July 14, 2014 | Common Stock [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Debt conversion converted instrument amount | $ 285 | |||||
Shares issued for conversion of debt | 3,625,000 |
Convertible Notes Payable (Na32
Convertible Notes Payable (Narrative) (Details 4) - USD ($) | Apr. 01, 2015 | Apr. 01, 2015 | Mar. 19, 2015 | Mar. 15, 2015 | Mar. 13, 2015 | Oct. 15, 2014 | Jul. 27, 2014 | Apr. 01, 2014 | Sep. 30, 2015 | Sep. 30, 2014 |
Debt Instrument [Line Items] | ||||||||||
Proceeds from note | $ 35,000 | $ 718,721 | ||||||||
Common Stock [Member] | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Debt conversion converted instrument amount | $ 44,649 | |||||||||
Shares issued for conversion of debt | 194,786,487 | |||||||||
Convertible Note Payable With Ambrosial Consulting Group Dated October 15, 2014 | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Debt instrument face value | $ 67,250 | |||||||||
Interest percent | 8.00% | |||||||||
Note maturity date | Oct. 15, 2015 | |||||||||
Debt conversion terms | The convertible notes principle and accrued interest may be converted into shares of the Companys stock at a conversion rate equal to 50% of the lowest closing bid price in the twenty (20) days prior to conversion | |||||||||
Notes assigned | $ (20,000) | |||||||||
Debt instrument carrying value | 47,250 | |||||||||
Convertible Note Payable Assigned To Carebourn Capital, L.P [Member] | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Notes assigned | $ 20,000 | |||||||||
Convertible Note Payable Assigned To Atlas Long Term Growth Fund Dated March 15, 2015 [Member] | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Interest percent | 9.90% | |||||||||
Note maturity date | Jul. 1, 2015 | |||||||||
Debt conversion terms | The convertible notes principle and accrued interest may be converted into shares of the Companys stock at a conversion rate equal to 60% of the lowest closing bid price in the ten days prior to conversion. | |||||||||
Notes assigned | $ 30,000 | |||||||||
Debt instrument carrying value | 28,256 | |||||||||
Convertible Note Payable Assigned To Atlas Long Term Growth Fund Dated March 15, 2015 [Member] | Common Stock [Member] | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Debt conversion converted instrument amount | $ 1,744 | |||||||||
Shares issued for conversion of debt | 5,789,845 | |||||||||
Purchase And Assignment Agreement With Brent Denlinger Dated March 13, 2015 | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Debt instrument face value | $ 15,000 | |||||||||
Interest percent | 9.90% | |||||||||
Note maturity date | Apr. 16, 2015 | |||||||||
Debt conversion terms | The convertible notes principle and accrued interest may be converted into shares of the Companys stock at a conversion rate equal to 60% of the lowest closing bid price in the ten days prior to conversion. | |||||||||
Accrued interest included note assign | $ 1,554 | |||||||||
Purchase And Assignment Agreement With Ambrosial Consulting Group LLC Dated March 13, 2015 | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Debt instrument face value | $ 20,000 | |||||||||
Interest percent | 9.90% | |||||||||
Note maturity date | May 15, 2015 | |||||||||
Debt conversion terms | The convertible notes principle and accrued interest may be converted into shares of the Companys stock at a conversion rate equal to 60% of the lowest closing bid price in the ten days prior to conversion | |||||||||
Debt instrument carrying value | $ 4,514 | |||||||||
Purchase And Assignment Agreement With Ambrosial Consulting Group LLC Dated March 13, 2015 | Common Stock [Member] | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Debt conversion converted instrument amount | $ 15,486 | |||||||||
Shares issued for conversion of debt | 46,138,842 | |||||||||
Securities Purchase Agreement With Delaware Limited Partnership Dated March 19, 2015 | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Debt instrument face value | $ 41,500 | |||||||||
Interest percent | 12.00% | |||||||||
Note maturity date | Dec. 19, 2015 | |||||||||
Debt conversion terms | Company at a conversion rate of 50% multiplied by average of the lowest three (3) trading prices ten (10) trading days prior to the conversion date. | |||||||||
Proceeds from note | $ 35,000 | |||||||||
Original issue discount | $ 6,500 | |||||||||
Convertible Note Payable Converted To Darling Capital, LLC Dated April 01, 2015 | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Interest percent | 10.00% | 10.00% | ||||||||
Note maturity date | Jul. 12, 2015 | |||||||||
Debt conversion terms | The convertible notes principle and accrued interest may be converted into shares of the Companys stock at a conversion rate equal to 50% of the lowest closing bid price in the twenty days prior to conversion | |||||||||
Notes assigned | $ 33,000 | |||||||||
Debt instrument carrying value | $ 29,557 | |||||||||
Debt conversion converted instrument amount | $ 3,443 | |||||||||
Shares issued for conversion of debt | 130,053,194 | |||||||||
Accrued interest | $ 3,119 | |||||||||
Convertible Note Payable With Anubis Capital Partners Dated April 01, 2014 | ||||||||||
Debt Instrument [Line Items] | ||||||||||
Debt instrument face value | $ 127,900 | |||||||||
Interest percent | 10.00% | |||||||||
Note maturity date | Apr. 1, 2015 | |||||||||
Debt conversion terms | The convertible notes principle and accrued interest may at any time be converted into shares of the Companys stock at a conversion rate equal to 50% of the lowest closing bid price in the twenty days prior to conversion. | |||||||||
Notes assigned | $ (33,000) | $ (63,950) |
Stockholders' Deficit (Narrativ
Stockholders' Deficit (Narrative) (Details) - USD ($) | Jun. 15, 2014 | Apr. 24, 2014 | Jul. 19, 2013 | Aug. 31, 2014 | Sep. 30, 2015 | Dec. 31, 2014 | Apr. 01, 2015 |
Preferred stock, shares authorized | 20,000,000 | 80,000,000 | 80,000,000 | ||||
Common stock, shares authorized | 730,000,000 | 5,000,000,000 | 5,000,000,000 | ||||
Stock payable to settle accrued salary | $ 200,000 | ||||||
Convertible Note Payable - IBC Funds, LLC [Member] | |||||||
Debt conversion converted instrument amount | $ 208,321 | ||||||
Series A Preferred Stock [Member] | |||||||
Preferred stock, shares authorized | 10,000,000 | 10,000,000 | |||||
Preferred stock voting rights | Each share of Series A Preferred Stock can vote equal to 100 shares of common stock and can be converted to common stock at a rate of 1 to 1. | ||||||
Common Stock [Member] | |||||||
Changes in capital structure | On July 19, 2013, the Company amended its articles of incorporation to increase its authorized shares from 75,000,000 to 750,000,000 | In August of 2014, the Company amended is articles of incorporation to increase the number of authorized common shares from 730,000,000 to 5,000,000,000 with a par value of $0.001. | |||||
Shares issued for services, shares | 200,000 | 413,811,693 | |||||
Shares issued for services, value | $ 4,000 | $ 244,847 | |||||
Total shares issued during period | 198,786,487 | 2,781,845,225 | |||||
Shares issued for conversion of debt | 194,786,487 | ||||||
Debt conversion converted instrument amount | $ 44,649 | ||||||
Common Stock [Member] | Consultants [Member] | |||||||
Shares issued for services, shares | 63,811,693 | ||||||
Common Stock [Member] | Wayne Irving [Member] | |||||||
Shares issued for conversion of debt | 100,000,000 | ||||||
Debt conversion converted instrument amount | $ 25,000 | ||||||
Shares issued for reduction of accrued payroll liability, shares | 350,000,000 | ||||||
Shares issued for reduction of accrued payroll liability, value | $ 87,500 | ||||||
Shares subscribed to settle accrued salary, but not yet issued | 200,000,000 | ||||||
Stock payable to settle accrued salary | $ 50,000 | ||||||
Common Stock [Member] | Ad Shark, Inc., [Member] | |||||||
Shares issued to Ad Shark Inc shareholders for conversion of Ad Shark Inc Shares | 24,998,879 | ||||||
Share issue ratio for Ad Shark Inc shareholders | The conversion of their Ad Shark, Inc. shares at a ratio of 4.38 Ad Shark shares to Monster Arts Inc. | ||||||
Common Stock [Member] | Premier Venture Partners LLC [Member] | |||||||
Shares issued as per court settlement | 58,637,933 | ||||||
Common Stock [Member] | Convertible Note Payable - Asher Enterprises Inc [Member] | |||||||
Shares issued for conversion of debt | 477,381,748 | ||||||
Debt conversion converted instrument amount | $ 250,710 | ||||||
Accrued interest portion of debt converted | $ 5,900 | ||||||
Common Stock [Member] | Convertible Note Payable - IBC Funds, LLC [Member] | |||||||
Shares issued for conversion of debt | 698,000,000 | ||||||
Debt conversion converted instrument amount | $ 90,350 | ||||||
Common Stock [Member] | Convertible Note Payable - WHC Capital, LLC [Member] | |||||||
Shares issued for conversion of debt | 40,608,172 | ||||||
Debt conversion converted instrument amount | $ 17,084 | ||||||
Common Stock [Member] | Convertible Note Payable - JMJ Financial [Member] | |||||||
Shares issued for conversion of debt | 233,000,000 | ||||||
Debt conversion converted instrument amount | $ 13,980 | ||||||
Common Stock [Member] | Convertible Note Payable - Beaufort Capital Partners, LLC [Member] | |||||||
Shares issued for conversion of debt | 113,700,000 | ||||||
Debt conversion converted instrument amount | $ 1,137 | ||||||
Common Stock [Member] | Convertible Note Payable - LG Capital Funding [Member] | |||||||
Shares issued for conversion of debt | 241,946,799 | ||||||
Debt conversion converted instrument amount | $ 17,677 | ||||||
Series A Preferred Stock [Member] | Wayne Irving [Member] | |||||||
Shares issued for services, shares | 20,000,000 | ||||||
Shares issued for services, value | $ 20,000 | ||||||
Share issued, price per share | $ 0.001 |
Material Agreements (Narrative)
Material Agreements (Narrative) (Details) - USD ($) | Mar. 12, 2015 | Mar. 04, 2013 | Sep. 30, 2015 |
Equity Purchase Agreement With Premier Venture [Member] | |||
Agreement duration | Equity Purchase Agreement, for a period of thirty-six (36) months commencing on the date of effectiveness of the Registration Statement | ||
Share purchase commitment | Premier Venture shall commit to purchase up to $5,000,000 of the Company's common stock, $.001 par value (the "Shares"), pursuant to Puts | ||
Share purchase commitment description | The Purchase Price for the Shares for each Put shall be the put amount multiplied by seventy percent (70%) of the lowest individual daily VWAP of the Shares during the pricing period less six hundred dollars ($600.00). The maximum number of Shares that the Company shall be entitled to Put to Premier Venture per any applicable Put Notice (the Put Amount) shall not exceed the lesser of (i) 200% of the average daily trading volume of Companys common stock on the five trading days prior to the date the Put Notice is received by Premier Venture; and (ii) 120% of the highest put amount on any put notice delivered under the Equity Purchase Agreement (the amount shall never be less than 1,000,000 shares). Notwithstanding the preceding sentence, the Put Amount cannot exceed 4.99% of the outstanding shares of the Company | ||
Iconosys, Inc Shares An Officer [Member] | Master Purchase Agreement With Iconosys [Member] | |||
Coomon stock received by cancelling advances and accrued interest | 15,046,078 shares | ||
Advances cancelled by receiving common stock | $ 295,862 | ||
Accrued interest receivable cancelled by receiving common stock | $ 2,884 | ||
Par value of common stock received | $ 0.001 | ||
Percentage of equity interest held | 10.00% |
Related Party Transactions (Nar
Related Party Transactions (Narrative) (Details) | Jun. 30, 2014USD ($)shares | Jun. 15, 2014USD ($)shares | Aug. 01, 2011USD ($) | Aug. 31, 2014 | Sep. 30, 2015USD ($)shares | Dec. 31, 2014USD ($)shares | Apr. 25, 2014USD ($)shares |
Related Party Transaction [Line Items] | |||||||
Accounts payable to related party | $ 66,127 | $ 68,156 | |||||
Note payable to related parties | 15,494 | 15,494 | |||||
Ad Shark Inc (Subsidiary) line of credit agreement with Iconosys | |||||||
Loan receivable balance | 284,943 | 284,943 | |||||
Accrued interest receivable | 35,262 | 26,715 | |||||
Ad Shark Inc (Subsidiary) employment agreement with CEO, Wayne Irving | |||||||
Accrued wages due to officer | 40,768 | 53,834 | |||||
Two Directors - Wayne Irving (CEO) And His Sister [Member] | Candor Homes Corporation - Subscription Agreement [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Purchase of common stock | shares | 53,000 | ||||||
Purchase value of common stock | $ 10,000 | ||||||
Percentage of equity interest purchased | 53.00% | ||||||
Accounts payable to related party | 10,000 | ||||||
Iconosys, Inc Shares An Officer [Member] | Ad Shark, Inc., [Member] | |||||||
Ad Shark Inc (Subsidiary) line of credit agreement with Iconosys | |||||||
Line of credit | $ 300,000 | ||||||
Line of credit description | The line of credit agreement has terms of 4%, payable on demand. | ||||||
Loan receivable balance | $ 284,943 | 284,943 | |||||
Accrued interest receivable | 35,262 | 26,715 | |||||
Iconosys, Inc Shares An Officer [Member] | Note Payable [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Accounts payable to related party | 13,250 | 13,250 | |||||
Note payable to related parties | $ 15,494 | $ 15,494 | |||||
Interest percent | 0.00% | 0.00% | |||||
Debt instrument description | It is payable on demand. | It is payable on demand. | |||||
Wayne Irving [Member] | |||||||
Ad Shark Inc (Subsidiary) employment agreement with CEO, Wayne Irving | |||||||
Accrued wages due to officer | $ 46,043 | $ 46,800 | |||||
Wayne Irving [Member] | Ad Shark, Inc., [Member] | |||||||
Ad Shark Inc (Subsidiary) employment agreement with CEO, Wayne Irving | |||||||
Salary compensation per year | $ 88,500 | ||||||
Annual salary increment | 0.05 | ||||||
Terms of employment | 3 years | ||||||
Chief Financial Officer - Tisha Lawton [Member] | |||||||
Ad Shark Inc (Subsidiary) employment agreement with CEO, Wayne Irving | |||||||
Employment terms | The Company will pay Mrs. Lawton a yearly salary of $10,000. As additional compensation, Mrs Lawton will be paid 5,000,000 shares of restricted common stock per calendar quarter or the equivalent of $12,000, whichever is less. | ||||||
Common Stock [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Debt conversion converted instrument debt amount | $ 44,649 | ||||||
Shares issued for conversion of debt | shares | 194,786,487 | ||||||
Common Stock [Member] | Wayne Irving [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Debt conversion converted instrument debt amount | $ 25,000 | ||||||
Shares issued for conversion of debt | shares | 100,000,000 | ||||||
Ad Shark Inc (Subsidiary) employment agreement with CEO, Wayne Irving | |||||||
Shares issued for employment agreement, shares | shares | 350,000,000 | ||||||
Common Stock [Member] | Chief Financial Officer - Tisha Lawton [Member] | |||||||
Ad Shark Inc (Subsidiary) employment agreement with CEO, Wayne Irving | |||||||
Shares issued for employment agreement, shares | shares | 5,000,000 | ||||||
Restricted Common Stock [Member] | Wayne Irving [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Debt conversion converted instrument debt amount | $ 62,500 | ||||||
Shares issued for conversion of debt | shares | 250,000,000 |
Subsequent Events (Narrative) (
Subsequent Events (Narrative) (Details) - USD ($) | Nov. 12, 2015 | Nov. 23, 2015 | Sep. 30, 2015 | Oct. 28, 2015 | Dec. 31, 2014 | Jul. 19, 2013 |
Subsequent Event [Line Items] | ||||||
Preferred stock, shares authorized | 80,000,000 | 80,000,000 | 20,000,000 | |||
Common Stock [Member] | ||||||
Subsequent Event [Line Items] | ||||||
Shares issued for conversion of debt, accrued wages and accrued interest | 194,786,487 | |||||
Debt conversion converted instrument debt amount | $ 44,649 | |||||
Subsequent Event [Member] | Convertible Note And Securities Purchase Agreement With Carebourne Capital, L.P Dated November 11, 2015 [Member] | ||||||
Subsequent Event [Line Items] | ||||||
Convertible note agreement value | $ 13,000 | |||||
Interest percent | 12.00% | |||||
Note maturity date | Nov. 12, 2016 | |||||
Convertible note conversion terms | The note is convertible at a 50% discount to the lowest closing trading share price in the twenty trading days prior to conversion. | |||||
Subsequent Event [Member] | Series B Preferred Stock [Member] | ||||||
Subsequent Event [Line Items] | ||||||
Preferred stock, shares authorized | 5,300 | |||||
Subsequent Event [Member] | Common Stock [Member] | Wayne Irving [Member] | ||||||
Subsequent Event [Line Items] | ||||||
Shares issued for conversion of debt, accrued wages and accrued interest | 825,095,826 | |||||
Debt conversion converted instrument debt amount | $ 28,560 | |||||
Accrued wages converted for shares | 50,000 | |||||
Accrued interest converted in to share | $ 1,034 |