SMG Industries (SMGI) 10-Q 13 Nov 17 2017 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Nov. 13, 2017
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Entity Registrant Name	SMG Indium Resources Ltd.
Entity Central Index Key	1,426,506
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Trading Symbol	SMGI
Entity Common Stock, Shares Outstanding		8,675,190

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 98,000	$ 22,461
Accounts receivable, net of allowance for doubtful accounts of $10,695 and $21,134	489,035	285,923
Inventory	114,966	10,948
Assets held for sale	45,000	0
Prepaid expenses and other current assets	43,301	0
Total current assets	790,302	319,332
Property and equipment, net of accumulated depreciation of $328,253 and $302,931	102,765	214,587
Land	0	10,000
Total assets	893,067	543,919
Current liabilities:
Accounts payable	493,992	160,343
Accounts payable - related party	50,000	0
Accrued expenses and other liabilities	101,846	231,523
Secured line of credit	264,168	0
Current portion of secured notes payable	133,556	275,446
Total current liabilities	1,043,562	667,312
Long term liabilities:
Notes payable - secured, net of current portion	275,966	234,189
Total liabilities	1,319,528	901,501
Commitments and contingencies
Stockholders' equity (deficit)
Preferred stock - $0.001 par value; authoirzed 1,000,000 shares as of September 30, 2017 and December 31, 2016; isued and outstanding none at September 30, 2017 and December 31, 2016	0	0
Common stock - $0.001 par value; authoirzed 25,000,000 shares as of September 30, 2017 and December 31, 2016; isued and outstanding 7,700,190 and 1,408,276 at September 30, 2017 and December 31, 2016	7,700	1,408
Additional paid in capital	(288,776)	(556,021)
Retained earnings (accumulated deficit)	(145,385)	197,031
Total stockholders' equity (deficit)	(426,461)	(357,582)
Total liabilities and stockholders' equity (deficit)	$ 893,067	$ 543,919

CONSOLIDATED BALANCE SHEETS _Pa

CONSOLIDATED BALANCE SHEETS [Parenthetical] - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Allowance for Doubtful Accounts Receivable, Current	$ 10,695	$ 21,134
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$ 328,253	$ 302,931
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	1,000,000	1,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.001	$ 0.001
Common Stock, Shares Authorized	25,000,000	25,000,000
Common Stock, Shares, Issued	8,575,190	1,408,276
Common Stock, Shares, Outstanding	7,700,190	1,408,276

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
REVENUES	$ 620,084	$ 411,672	$ 1,802,486	$ 1,114,479
COST OF REVENUES	234,374	231,165	953,836	609,485
GROSS PROFIT	385,710	180,507	848,650	504,994
OPERATING EXPENSES:
Selling, general and administrative	156,348	83,578	495,855	250,852
Stock based compensation	211,321	0	211,321	0
Impairment expense	24,666	75,850	24,666	75,850
Bad debt expense	3,224	0	3,285	23,219
Gain on asset sale	0	0	0	(393)
Acquisition cost	378,807	0	378,807	0
Total operating expenses	774,366	159,428	1,113,934	349,528
INCOME (LOSS) FROM OPERATIONS	(388,656)	21,079	(265,284)	155,466
OTHER INCOME (EXPENSE)
Gain on settlement of liabilities	0	10,971	0	10,971
Interest expense, net	(23,970)	(13,700)	(77,132)	(42,372)
NET INCOME (LOSS)	$ (412,626)	$ 18,350	$ (342,416)	$ 124,065
Net Income (Loss) Per Share
Basic and diluted	$ (0.19)	$ 0.01	$ (0.21)	$ 0.09
Weighted average shares outstanding
Basic and diluted	2,176,200	1,408,276	1,665,192	1,408,276

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ (342,416)	$ 124,065
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	57,154	56,209
Amortization of deferred financing costs	39,481	0
Gain on settlement of accrued liability	0	(10,971)
Bad debt expense	3,285	23,219
Stock based compensation	211,321	0
Impairment expense	24,666	75,850
Gain on asset sale	0	(393)
Changes in:
Accounts receivable	(206,395)	(16,110)
Inventory	(104,018)	0
Prepaid expenses and other current assets	7,009	(84,468)
Accounts payable	333,648	(63,968)
Accrued expenses and other liabilities	(53,949)	14,808
Net cash provided by (used in) operating activities	(30,214)	118,241
CASH FLOWS FROM INVESTING ACTIVITIES:
Cash received in reverse acquisition	21,164	0
Cash received from the sale of property and equipment	0	1,000
Cash paid for purchase of property and equipment	0	(5,000)
Net cash provided by (used in) investing activities	21,164	(4,000)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from secured line of credit, net	91,927	0
Proceeds from notes payable	151,175	70,700
Payments on notes payable	(194,257)	(76,739)
Proceeds from member contributions	110,081	20,856
Payments for member distributions	(192,507)	(106,817)
Proceeds from sale of member interest	3,170	0
Proceeds from sales of common stock	115,000	0
Net cash provided by (used in) financing activities	84,589	(92,000)
NET CHANGE IN CASH AND CASH EQUIVALENTS	75,539	22,241
CASH AND CASH EQUIVALENTS, beginning of period	22,461	393
CASH AND CASH EQUIVALENTS, end of period	98,000	22,634
Supplemental disclosures:
Cash paid for income taxes	0	0
Cash paid for interest	43,243	32,233
Noncash investing and financing activities
Common shares issued for purchase of fixed assets	5,000	0
Payments on notes payable from secured line of credit proceeds	96,512	0
Payments on accrued liabilities from secured line of credit proceeds	75,729	0
Recapitalization of MG Cleaners, LLC	310	0
Reclassification of assets held for sale	$ 45,000	$ 0

BACKGROUND AND BASIS OF PRESENT

BACKGROUND AND BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	SMG Indium Resources Ltd. (the “Company” or “SMG”) is a corporation established pursuant to the laws of the State of Delaware on January 7, 2008. On September 19, 2017 SMG entered into an Agreement and Plan of Share Exchange with MG Cleaners LLC. SMG acquired one hundred percent of the issued and outstanding membership interests of MG Cleaners LLC pursuant to which MG Cleaners LLC became our wholly-owned subsidiary. In connection with the acquisition, we issued 4,578,276 300,000 250,000 50,000 500,000 50,000 The merger was accounted for as a reverse acquisition with MG Cleaners LLC being treated as the accounting acquirer. As such, the historical information for all periods presented prior to the merger date relate to MG Cleaners LLC. Subsequent to the merger date, the information relates to the consolidated entities of SMG with its subsidiary MG Cleaners LLC. The Company is an emerging growth oilfield service company focused on the drilling rig operator market segment in the domestic United States pursuant to which we offer the following products and services: (i) product sales for the oilfield industry focused on drilling rig wash, oilfield cleaning, industrial cleaning, fleet and equipment cleaning; (ii) equipment sales for the oilfield industry; (iii) parts sales for our installed base on equipment, including water guns, hoses and fittings, and (iv) service crews for the oilfield industry related to cleaning and repairing drilling rigs on location. In connection with the acquisition, net cash received was $ 21,164 378,807 The accompanying unaudited interim financial statements of SMG Indium Resources Ltd. (“we”, “our”, “SMG” or the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America and should be read in conjunction with the audited financial statements and notes thereto for the years ended December 31, 2016 and 2015 with are included on a Form 8-K filed on September 19, 2017 as amended on October 27, 2017. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for the interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for years ended December 31, 2016 and 2015 have been omitted.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The Company presents both basic and diluted net loss per share on the face of the statements of operations. Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted per share calculations give effect to all potentially dilutive shares of common stock outstanding during the period, including stock options and warrants, and using the treasury-stock method. If anti-dilutive, the effect of potentially dilutive shares of common stock is ignored. For the three and nine months ended September 30, 2017 370,000 The Financial Accounting Standards Board, or FASB, has issued Accounting Standards Update No. 2014-09, Revenue from contracts with Customers (Topic 606) In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) (ASU 2016-02)

GOING CONCERN

GOING CONCERN	9 Months Ended
	Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Substantial Doubt about Going Concern [Text Block]	NOTE 3 – GOING CONCERN The Company considered its going concern disclosure requirements in accordance with ASC 240-40-50. The Company concluded that its negative working capital and decreased cash flows from operating are conditions that raised substantial doubt about the Company’s ability to continue as a going concern. Without a successful plan in place from management these conditions could negatively impact the Company’s ability to meets its financial obligations over the next year. In response, the Company has implemented a plan to alleviate such substantial doubt as follows. The Company will continue to generate additional revenue (and positive cash flows from operations) partly related to the Company’s expansion into a new region during 2017 and partly related to the Company wide sales initiatives already implemented. In addition there were several one-time expenses in 2016 and 2017 related to expansion to the new region and related to the merger transaction completed in September 2017. As a result substantial doubt about the Company’s ability to continue as a going concern is alleviated .

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	9 Months Ended
	Sep. 30, 2017
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	NOTE 4 – PROPERTY AND EQUIPMENT September 30, 2017 December 31, 2016 Land $ - $ 10,000 Building and improvements - 91,500 Vehicles and trailers 283,462 278,462 Equipment 130,946 130,946 Other 16,610 16,610 431,018 527,518 Less: accumulated depreciation (328,253) (302,931) $ 102,765 $ 224,587 Depreciation expense as of the nine months ended September 30, 2017 and 2016 was $ 57,154 56,209 During the period ended September 30, 2017, the Company decided to sell the land and building in Carthage, Texas and determined that this property met the criteria for assets held for sale in September 2017. The market listing price for these assets was below the net book value at the time of reclassification, resulting in the recognition of assets held for sale of $ 45,000 24,666

ACCRUED EXPENSES

ACCRUED EXPENSES	9 Months Ended
	Sep. 30, 2017
Payables and Accruals [Abstract]
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	NOTE 5 – ACCRUED EXPENSES September 30, 2017 December 31, 2016 Salaries payable $ 30,538 $ 6,372 Payroll taxes payable 2,484 91,962 Sales tax payable 11,071 10,793 Interest payable 6,054 11,646 Credit cards payable 6,308 10,323 Inventory purchases payable 33,842 75,539 Other 11,549 24,888 Total Accrued Expenses $ 101,846 $ 231,523

NOTES PAYABLE

NOTES PAYABLE	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	NOTE 6 – NOTES PAYABLE September 30, December 31, 2017 2016 Notes payable: Secured note payable issued on October 15, 2010 and refinanced in January 2015 for purchase of all membership interest, bearing interest of 6% per year and due in monthly installments ending September 25, 2022 $ 245,427 $ 274,077 Equipment floor plan financing agreement issued July 29, 2013, bearing interest of 7.50% and due in monthly installments - 4,494 Secured note payable issued December 19, 2014, bearing interest of 7.25% per year, due in full on December 19, 2016 - 119,751 Secured note payable issued August 14, 2017, bearing interest of 7.25% per year, due in monthly installments ending August 1, 2021 66,348 - Secured note payable issued January 2, 2015, bearing interest of 6% per year, due in monthly installments - 24,075 Secured note payable issued April 16, 2015, bearing interest of 6% per year, due in monthly installments - 32,772 Secured finance facility issued February 2, 2017, bearing effective interest of 6%, due monthly installments ending August 20, 2020 45,596 - Secured funding advance agreement issued April 7, 2017, bearing effective interest of 54%, due in periodic installments net of deferred financing costs of $10,165 ending November 8, 2017 22,313 - Secured finance facility issued June 6, 2016, bearing effective interest of 28.50%, due in periodic installments - 54,466 Secured funding advance agreement issued August 10, 2017, bearing effective interest of 27%, due in daily installments net of deferred financing costs of $9,304 ending December 8, 2017 29,838 - 409,522 509,635 Less current maturities (133,556) (275,446) Long term debt, net of current maturities $ 275,966 $ 234,189 On October 15, 2010, the former managing member of MG Cleaners purchased MG Cleaners from the previous membership interest owners. In connection with that transaction, a $ 450,000 8 307,391 6.00 245,427 On July 29, 2013, the Company entered into an equipment floor plan financing totaling $ 23,843 7.5 On December 19, 2014, we issued a note to First State Bank & Trust (“FSB”) for $ 120,025 7.25 The refinanced amount is identical to the remaining principal balance under the previous loan, thus no gain or loss has been recognized. On January 27, 2017, we issued a note to FSB for $ 119,776 7.25 50,000 66,348 7.25 1,400 12,086 The refinanced amount is identical to the remaining principal balance under the previous loan, thus no gain or loss has been recognized. On January 2, 2015, we financed a truck with a note to FSB. The $ 43,025 On April 16, 2015, we financed a truck with a note to FSB. The $ 45,328 6 On February 2, 2017, we re-financed two truck notes existing with FSB for one new note of $ 53,610 6 The refinanced amount is identical to the remaining principal balance under the previous loan, thus no gain or loss has been recognized. On August 5, 2015, the Company entered into an accounts receivable purchase agreement with security agreement against "Payment Card Receivables" in the initial amount of $40,800. We sold $ 40,800 70,700 54,466 Accounts Receivable Financing Facility On May 11, 2017, MG Cleaners, LLC (the “Borrower”) entered into a $ 1 1,330 200,000 Certain debts were paid in connection with the closing of the Crestmark Bank Line of Credit, including a $ 50,000 46,512 70,898 4,831 Net proceeds received during the nine months ending September 30, 2017 on this facility were $ 91,927 Funding Advance Agreements On April 7, 2017 MG Cleaners LLC (the “Seller”) received $ 100,000 143,000 43,000 34,591 32,478 , with a remaining deferred financing costs balance of $ 10,165 On August 10, 2017 MG Cleaners LLC (the “Seller”) received $ 51,150 67,100 15,950 6,646 39,142 with a remaining deferred financing costs balance of $ 9,304 Notes payable Balance at January 1, 2016 $ 533,940 Note issued secured by accounts receivable 70,700 Notes issued in connection with purchase of property and equipment - Less: payments on notes payable (76,739) 527,901 Less - current maturities, net (252,982) Long-term notes payable, net September 30, 2016 $ 274,919 Balance at January 1, 2017 $ 509,635 Secured borrowings, net 264,168 Notes issued in connection with purchase of property and equipment 25 Notes issued in connection with funding advance agreements 210,100 Amortization of deferred financing costs 39,481 Less: payments on notes payable from secured line of credit proceeds (96,512) Less: payments on notes payable (194,257) Less: deferred financing costs (58,950) 673,690 Less - current maturities, net (397,724) Long-term notes payable, net September 30, 2017 $ 275,966

STOCKHOLDERS_ EQUITY (DEFICIT)

STOCKHOLDERS’ EQUITY (DEFICIT)	9 Months Ended
	Sep. 30, 2017
Equity [Abstract]
Members' Equity Notes Disclosure [Text Block]	NOTE 7 – STOCKHOLDERS’ EQUITY (DEFICIT) As discussed in Note 1 – Background and Basis of Presentation, effective September 19, 2017, SMG (formerly an inactive shell) entered into a reverse acquisition transaction with MG Cleaners LLC. In conjunction with the transaction the Company was recapitalized, resulting in the capital structure outlined below. The historical number of common shares presented in our financial statements were converted to post merger shares on a 1 to 1 basis. Prior to the reverse acquisition transaction, MG Cleaners LLC sold 3,170,000 membership interest units for $3,170. 2,094,569 4,578,276 The following shares of common stock were issued subsequent to the reverse acquisition: - 432,345 211,321 - 20,000 5,000 - 575,000 115,000

STOCK OPTIONS

STOCK OPTIONS	9 Months Ended
	Sep. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	NOTE 8 – STOCK OPTIONS Weighted Aggregate Aggregate Exercise Average Number Exercise Price Price Range Exercise Price Outstanding at December 31, 2016 377,500 $ 277,150 $ 0.24-3.48 $ 0.73 Granted - - - - Exercised - - - - Cancelled, forfeited or expired (7,500) (25,900) $ 3.40-3.48 - Outstanding, September 30, 2017 370,000 $ 251,250 $ 0.24-3.29 $ 0.69 In connection with the acquisition discussed in Note 1, MG Cleaners LLC assumed the above options that were previously issued by SMG. 3.1 43,500 0

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	NOTE 9 – COMMITMENTS AND CONTINGENCIES. Operating Leases 2017 $ 24,000 2018 36,000 2019 36,000 2020 19,500 2021 - Totals $ 115,500 Litigation From time to time, SMG may be subject to routine litigation, claims, or disputes in the ordinary course of business. In the opinion of management; no pending or known threatened claims, actions or proceedings against SMG are expected to have a material adverse effect on SMG’s financial position, results of operations or cash flows. SMG cannot predict with certainty, however, the outcome or effect of any of the litigation or investigatory matters specifically described above or any other pending litigation or claims. There can be no assurance as to the ultimate outcome of any lawsuits and investigations. Leases The Company has entered into various leases for office and storage facilities for terms ranging from month to month to three years. At December 31, 2016, the Company was engaged in one month to month lease which requires a 90 day termination notice. Rent expense for the nine months ended September 30, 2017 and 2016 for these leases amounted to $ 15,887 22,593 Effective July 15, 2017, we leased a facility in Midland, Texas for $ 3,000 2,400 3 July 15, 2020

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2017
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	NOTE 10 – RELATED PARTY TRANSACTIONS During the nine months ended September 30, 2017 (prior to the acquisition) and 2016, the former managing member of MG made contributions to the Company totaling $ 110,081 20,856 During the nine months ended September 30, 2017 (prior to the acquisition) and 2016, the Company made distributions to the former managing member of MG totaling $ 192,507 106,817 On September 19, 2017, in connection with the acquisition, we issued 4,578,276 300,000 250,000 50,000 500,000 On September 21, 2017, the company issued 81,695 28,593

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2017
Subsequent Events [Abstract]
Subsequent Events [Text Block]	NOTE 11 – SUBSEQUENT EVENTS During October 2017, 975,000 195,000 On October 31, 2017, and made effective September 20, 2017, the Company entered into an employment agreement with Stephen Christian, the former Managing Member, and current President, of our subsidiary MG Cleaners LLC. The term is for three years with a monthly salary of $8,333 for the first six months of the effective date and $10,000 a month thereafter On October 31, 2017, and made effective October 1, 2017, the Company entered into an employment agreement with Matthew Flemming, our Chief Executive Officer. The term is for three years with a monthly salary of $ 15,000 750

SUMMARY OF SIGNIFICANT ACCOUN17

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Earnings Per Share, Policy [Policy Text Block]	Basic and Diluted Net Loss per Share The Company presents both basic and diluted net loss per share on the face of the statements of operations. Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted per share calculations give effect to all potentially dilutive shares of common stock outstanding during the period, including stock options and warrants, and using the treasury-stock method. If anti-dilutive, the effect of potentially dilutive shares of common stock is ignored. For the three and nine months ended September 30, 2017 370,000
New Accounting Pronouncements, Policy [Policy Text Block]	The Financial Accounting Standards Board, or FASB, has issued Accounting Standards Update No. 2014-09, Revenue from contracts with Customers (Topic 606) In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) (ASU 2016-02)

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	9 Months Ended
	Sep. 30, 2017
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	September 30, 2017 December 31, 2016 Land $ - $ 10,000 Building and improvements - 91,500 Vehicles and trailers 283,462 278,462 Equipment 130,946 130,946 Other 16,610 16,610 431,018 527,518 Less: accumulated depreciation (328,253) (302,931) $ 102,765 $ 224,587

ACCRUED EXPENSES (Tables)

ACCRUED EXPENSES (Tables)	9 Months Ended
	Sep. 30, 2017
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities [Table Text Block]	Accrued expenses as of September 30, 2017 and December 31, 2016 included the following: September 30, 2017 December 31, 2016 Salaries payable $ 30,538 $ 6,372 Payroll taxes payable 2,484 91,962 Sales tax payable 11,071 10,793 Interest payable 6,054 11,646 Credit cards payable 6,308 10,323 Inventory purchases payable 33,842 75,539 Other 11,549 24,888 Total Accrued Expenses $ 101,846 $ 231,523

NOTES PAYABLE (Tables)

NOTES PAYABLE (Tables)	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Schedule of Debt [Table Text Block]	Notes payable included the following as of September 30, 2017 and December 31, 2016: September 30, December 31, 2017 2016 Notes payable: Secured note payable issued on October 15, 2010 and refinanced in January 2015 for purchase of all membership interest, bearing interest of 6% per year and due in monthly installments ending September 25, 2022 $ 245,427 $ 274,077 Equipment floor plan financing agreement issued July 29, 2013, bearing interest of 7.50% and due in monthly installments - 4,494 Secured note payable issued December 19, 2014, bearing interest of 7.25% per year, due in full on December 19, 2016 - 119,751 Secured note payable issued August 14, 2017, bearing interest of 7.25% per year, due in monthly installments ending August 1, 2021 66,348 - Secured note payable issued January 2, 2015, bearing interest of 6% per year, due in monthly installments - 24,075 Secured note payable issued April 16, 2015, bearing interest of 6% per year, due in monthly installments - 32,772 Secured finance facility issued February 2, 2017, bearing effective interest of 6%, due monthly installments ending August 20, 2020 45,596 - Secured funding advance agreement issued April 7, 2017, bearing effective interest of 54%, due in periodic installments net of deferred financing costs of $10,165 ending November 8, 2017 22,313 - Secured finance facility issued June 6, 2016, bearing effective interest of 28.50%, due in periodic installments - 54,466 Secured funding advance agreement issued August 10, 2017, bearing effective interest of 27%, due in daily installments net of deferred financing costs of $9,304 ending December 8, 2017 29,838 - 409,522 509,635 Less current maturities (133,556) (275,446) Long term debt, net of current maturities $ 275,966 $ 234,189
Schedule Of Debt Activity [Table Text Block]	A summary of the activity in notes payable for the nine months ended September 30, 2017 and 2016 is shown below: Notes payable Balance at January 1, 2016 $ 533,940 Note issued secured by accounts receivable 70,700 Notes issued in connection with purchase of property and equipment - Less: payments on notes payable (76,739) 527,901 Less - current maturities, net (252,982) Long-term notes payable, net September 30, 2016 $ 274,919 Balance at January 1, 2017 $ 509,635 Secured borrowings, net 264,168 Notes issued in connection with purchase of property and equipment 25 Notes issued in connection with funding advance agreements 210,100 Amortization of deferred financing costs 39,481 Less: payments on notes payable from secured line of credit proceeds (96,512) Less: payments on notes payable (194,257) Less: deferred financing costs (58,950) 673,690 Less - current maturities, net (397,724) Long-term notes payable, net September 30, 2017 $ 275,966

STOCK OPTIONS (Tables)

STOCK OPTIONS (Tables)	9 Months Ended
	Sep. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-based Compensation, Stock Options, Activity [Table Text Block]	Weighted Aggregate Aggregate Exercise Average Number Exercise Price Price Range Exercise Price Outstanding at December 31, 2016 377,500 $ 277,150 $ 0.24-3.48 $ 0.73 Granted - - - - Exercised - - - - Cancelled, forfeited or expired (7,500) (25,900) $ 3.40-3.48 - Outstanding, September 30, 2017 370,000 $ 251,250 $ 0.24-3.29 $ 0.69

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
	Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Contractual Obligation, Fiscal Year Maturity Schedule [Table Text Block]	Operating Leases 2017 $ 24,000 2018 36,000 2019 36,000 2020 19,500 2021 - Totals $ 115,500

BACKGROUND AND BASIS OF PRESE23

BACKGROUND AND BASIS OF PRESENTATION (Details Textual) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended
	Sep. 19, 2017	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Accounts Payable, Related Parties, Current		$ 50,000		$ 50,000		$ 0
Proceeds From Reverse Acquisition				21,164	$ 0
Business Combination, Acquisition Related Costs		$ 378,807	$ 0	$ 378,807	$ 0
MG Cleaners LLC [Member]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares	4,578,276
Payments to Acquire Businesses, Gross	$ 300,000
Business Combination, Consideration Transferred, Liabilities Incurred	250,000
Business Combination, Consideration Transferred, Other	50,000
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned	$ 500,000

SUMMARY OF SIGNIFICANT ACCOUN24

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) - shares	3 Months Ended	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2017
Summary Of Significant Accounting Policies [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	370,000	370,000

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Property, Plant and Equipment, Gross	$ 431,018	$ 527,518
Less: accumulated depreciation	(328,253)	(302,931)
Property, Plant and Equipment, Net	102,765	224,587
Land [Member]
Property, Plant and Equipment, Gross	0	10,000
Building and Building Improvements [Member]
Property, Plant and Equipment, Gross	0	91,500
Vehicles [Member]
Property, Plant and Equipment, Gross	283,462	278,462
Machinery and Equipment [Member]
Property, Plant and Equipment, Gross	130,946	130,946
Property, Plant and Equipment, Other Types [Member]
Property, Plant and Equipment, Gross	$ 16,610	$ 16,610

PROPERTY AND EQUIPMENT (Detai26

PROPERTY AND EQUIPMENT (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Depreciation			$ 57,154	$ 56,209
Asset Impairment Charges	$ 24,666	$ 75,850	24,666	$ 75,850
Assets Held-for-sale, Not Part of Disposal Group, Current	$ 45,000		$ 45,000		$ 0

ACCRUED EXPENSES (Details)

ACCRUED EXPENSES (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Salaries payable	$ 30,538	$ 6,372
Payroll taxes payable	2,484	91,962
Sales tax payable	11,071	10,793
Interest payable	6,054	11,646
Credit cards payable	6,308	10,323
Inventory purchases payable	33,842	75,539
Other	11,549	24,888
Total Accrued Expenses	$ 101,846	$ 231,523

NOTES PAYABLE (Details)

NOTES PAYABLE (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016	Sep. 30, 2016	Dec. 31, 2015
Notes payable:
Notes Payable	$ 673,690	$ 509,635	$ 527,901	$ 533,940
Less current maturities	(133,556)	(275,446)	(252,982)
Long term debt, net of current maturities	275,966	234,189	$ 274,919
Secured Note October 2010 [Member]
Notes payable:
Notes Payable	245,427	274,077
Secured Note July 2013 [Member]
Notes payable:
Notes Payable	0	4,494
Secured Note December 2014 [Member]
Notes payable:
Notes Payable	0	119,751
Secured Note August 2017 [Member]
Notes payable:
Notes Payable	66,348	0
Secured Note January 2015 [Member]
Notes payable:
Notes Payable	0	24,075
Secured Note April 2015 [Member]
Notes payable:
Notes Payable	0	32,772
Secured Note February 2017 [Member]
Notes payable:
Notes Payable	45,596	0
Secured Note June 2016 [Member]
Notes payable:
Notes Payable	0	54,466
Secured Note April 2017 [Member]
Notes payable:
Notes Payable	22,313	0
Secured Note 10 August 2017 [Member]
Notes payable:
Notes Payable	$ 29,838	$ 0

NOTES PAYABLE (Details 1)

NOTES PAYABLE (Details 1) - USD ($)	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Notes Payable [Abstract]
Balance at Beginning	$ 509,635	$ 533,940
Note issued secured by accounts receivable	151,175	70,700
Amortization of deferred financing costs	39,481	0
Payments on notes payable from secured line of credit proceeds	(96,512)	0
Less: payments on notes payable	(194,257)	(76,739)
Less: deferred financing costs	(58,950)
Balance at End	673,690	527,901
Less - current maturities, net	(133,556)	(252,982)	$ (275,446)
Long-term notes payable, net	275,966	274,919	$ 234,189
Notes Payable One [Member]
Notes Payable [Abstract]
Note issued secured by accounts receivable	264,168	70,700
Notes Payable Two [Member]
Notes Payable [Abstract]
Note issued secured by accounts receivable	25	$ 0
Notes Payable Three [Member]
Notes Payable [Abstract]
Note issued secured by accounts receivable	$ 210,100

NOTES PAYABLE (Details Textual)

NOTES PAYABLE (Details Textual) - USD ($)	Aug. 14, 2017	Aug. 10, 2017	May 11, 2017	Apr. 07, 2017	May 31, 2017	Sep. 30, 2017	Sep. 30, 2016	Feb. 02, 2017	Jan. 27, 2017	Dec. 31, 2016	Jun. 06, 2016	Dec. 31, 2015	Apr. 16, 2015	Jan. 31, 2015	Jan. 02, 2015	Dec. 19, 2014	Jul. 29, 2013	Oct. 15, 2010
Notes Payable						$ 673,690	$ 527,901			$ 509,635		$ 533,940
Accounts Receivable, Net, Current		$ 39,142		$ 32,478		489,035				285,923
Repayments of Notes Payable						194,257	76,739
Income Taxes Paid						0	0
Proceeds from Lines of Credit						91,927	0
Debt Issuance Costs, Net						58,950
Amortization of Debt Issuance Costs						39,481	$ 0
Capital Stack LLC [Member]
Proceeds from Sale of Other Assets				100,000
Due from Related Parties				143,000
Debt Issuance Costs, Net				$ 43,000		10,165
Amortization of Debt Issuance Costs						34,591
Accounts Receivable Financing Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity			$ 1,000,000
Payments for Other Fees			1,330
Long-term Debt, Gross			$ 200,000
Line of Credit Facility, Borrowing Capacity, Description			The financing facility provides for the Borrower to have access to the lesser of (i) $1 million or (ii) 85% of Net Amount of Eligible Receivables (as defined in the financing agreement).
Line of Credit Facility, Interest Rate Description			The financing facility has an interest rate of 7.25% in excess of the prime rate reported by the Wall Street Journal per annum, with a floor minimum rate of 11.5%.
Debt Instrument, Fee			Borrower is obligated to pay Crestmark Bank a fee of $20,000 and if terminated after the first anniversary and prior to the second anniversary then Borrower shall pay a fee of $5,000.
Payment Of Accrued Liabilities						4,831
Repayments of Lines of Credit						50,000
Income Taxes Paid						70,898
Proceeds from Lines of Credit						91,927
Repayments of Debt			$ 46,512
Libertas Funding LLC [Member]
Proceeds from Sale of Other Assets		51,150
Due from Related Parties		67,100
Debt Issuance Costs, Net		$ 15,950				9,304
Amortization of Debt Issuance Costs						6,646
Secured Note January 2015 [Member]
Notes Payable						0				24,075
Secured Note April 2015 [Member]
Notes Payable						0				32,772
Secured Note February 2017 [Member]
Notes Payable						45,596				0
Secured Note August 2015 [Member]
Notes Payable										54,466
Secured Note October 2010 [Member]
Notes Payable						245,427				274,077
Secured Note July 2013 [Member]
Notes Payable						0				4,494
Secured Note December 2014 [Member]
Notes Payable						0				119,751
Secured Note August 2017 [Member]
Notes Payable						66,348				0
Secured Note June 2016 [Member]
Notes Payable						0				54,466
Secured Note April 2017 [Member]
Notes Payable						22,313				0
Secured Note 10 August 2017 [Member]
Notes Payable						$ 29,838				$ 0
Notes Payable to Banks [Member] | Secured Note January 2017 [Member]
Debt Instrument, Face Amount									$ 119,776
Debt Instrument, Interest Rate, Stated Percentage									7.25%
Repayments of Notes Payable					$ 50,000
Notes Payable to Banks [Member] | Secured Note January 2015 [Member]
Debt Instrument, Face Amount															$ 43,025
Debt Instrument, Interest Rate, Stated Percentage															6.00%
Notes Payable to Banks [Member] | Secured Note April 2015 [Member]
Debt Instrument, Face Amount													$ 45,328
Debt Instrument, Interest Rate, Stated Percentage													6.00%
Notes Payable to Banks [Member] | Secured Note February 2017 [Member]
Debt Instrument, Face Amount								$ 53,610
Debt Instrument, Interest Rate, Stated Percentage								6.00%
Notes Payable to Banks [Member] | Secured Note December 2014 [Member]
Debt Instrument, Face Amount																$ 120,025
Debt Instrument, Interest Rate, Stated Percentage																7.25%
Notes Payable, Other Payables [Member] | Secured Note October 2010 [Member]
Debt Instrument, Face Amount														$ 307,391				$ 450,000
Debt Instrument, Interest Rate, Stated Percentage														6.00%				8.00%
Notes Payable, Other Payables [Member] | Secured Note July 2013 [Member]
Debt Instrument, Face Amount																	$ 23,843
Debt Instrument, Interest Rate, Stated Percentage																	7.50%
Notes Payable, Other Payables [Member] | Secured Note August 2017 [Member]
Debt Instrument, Face Amount	$ 66,348
Debt Instrument, Interest Rate, Stated Percentage	7.25%
Repayments of Notes Payable	$ 12,086
Debt Instrument, Periodic Payment	$ 1,400
Notes Payable, Other Payables [Member] | Secured Note June 2016 [Member]
Debt Instrument, Interest Rate, Stated Percentage											28.50%
Notes Payable, Other Payables [Member] | Secured Note April 2017 [Member]
Debt Instrument, Interest Rate, Stated Percentage						54.00%
Debt Issuance Costs, Current, Net						$ 10,165
Notes Payable, Other Payables [Member] | Secured Note 10 August 2017 [Member]
Debt Instrument, Interest Rate, Stated Percentage						27.00%
Debt Issuance Costs, Current, Net						$ 9,304

STOCKHOLDERS_ EQUITY (DEFICIT)

STOCKHOLDERS’ EQUITY (DEFICIT) (Details Textual) - USD ($)	Sep. 30, 2017	Sep. 18, 2017	Sep. 19, 2017
Stock Issued During Period, Shares, Issued for Services	432,345
Stock Issued During Period, Value, Issued for Services	$ 211,321
Stock Issued During Period, Shares, Purchase of Assets	20,000
Stock Issued During Period, Value, Purchase of Assets	$ 5,000
Stock Issued During Period, Value, New Issues	$ 115,000
Stock Issued During Period, Shares, New Issues	575,000
SMG Indium Resources Ltd [Member]
Number Of Common Shares Held			2,094,569
MG Cleaners LLC [Member]
Number Of Common Shares Held			4,578,276
Stock Issued During Period, Value, New Issues		$ 3,170
Stock Issued During Period, Shares, New Issues		3,170,000

STOCK OPTIONS (Details)

STOCK OPTIONS (Details) - Employee Stock Option [Member] - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Outstanding - Aggregate Number - Beginning Balance	377,500
Granted - Aggregate Number	0
Exercise - Aggregate Number	0
Cancelled, Forfeited or Expired - Aggregate Number	(7,500)
Outstanding - Aggregate Number - Ending Balance	370,000	377,500
Outstanding - Aggregate Exercise Price - Beginning Balance	$ 277,150
Granted - Aggregate Exercise Price	0
Exercise - Aggregate Exercise Price	0
Cancelled, forfeited or expired	(25,900)
Outstanding - Aggregate Exercise Price - Ending Balance	$ 251,250	$ 277,150
Outstanding - Excerise Price Range - Minimum	$ 0.24	$ 0.24
Outstanding - Excerise Price Range - Maximum	3.29	3.48
Outstanding - Weighted Average Exercise Price - Beginning Balance	0.73
Granted - Weighted Average Exercise Price	0
Exercise - Weighted Average Exercise Price	0
Cancelled, Forfeited or Expired - Weighted Average Exercise Price	0
Outstanding - Weighted Average Exercise Price - Ending Balance	$ 0.69	$ 0.73
Maximum [Member]
Exercise Price Range - Cancelled, Forfeited or Expired	$ 3.48
Minimum [Member]
Exercise Price Range - Cancelled, Forfeited or Expired	$ 3.40

STOCK OPTIONS (Details Textuals

STOCK OPTIONS (Details Textuals) - USD ($)	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value	$ 43,500	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	3 years 1 month 6 days

COMMITMENTS AND CONTINGENCIES34

COMMITMENTS AND CONTINGENCIES (Details)	Dec. 31, 2016USD ($)
2,017	$ 24,000
2,018	36,000
2,019	36,000
2,020	19,500
2,021	0
Totals	$ 115,500

COMMITMENTS AND CONTINGENCIES35

COMMITMENTS AND CONTINGENCIES (Details Textual)	Jul. 15, 2017USD ($)a	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)
Operating Leases, Rent Expense, Net | $	$ 3,000	$ 15,887	$ 22,593
Area of Land | a	2,400
Lease Expiration Date	Jul. 15, 2017
Lessor, Operating Lease, Term of Contract	3 years

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Detail Textuals) - USD ($)	Sep. 30, 2017	Sep. 21, 2017	Sep. 19, 2017	Sep. 30, 2017	Sep. 30, 2016
Proceeds from Contributions from Affiliates				$ 110,081	$ 20,856
Payments of Distributions to Affiliates				$ 192,507	$ 106,817
Stock Issued During Period, Shares, Issued for Services	432,345
Stock Issued During Period, Value, Issued for Services	$ 211,321
MG Cleaners LLC [Member]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares			4,578,276
Payments to Acquire Businesses, Gross			$ 300,000
Business Combination, Consideration Transferred, Liabilities Incurred			250,000
Business Combination, Consideration Transferred, Other			50,000
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned			$ 500,000
Chief Financial Officer [Member]
Stock Issued During Period, Shares, Issued for Services		81,695
Stock Issued During Period, Value, Issued for Services		$ 28,593

SUBSEQUENT EVENTS (Details Text

SUBSEQUENT EVENTS (Details Textual) - USD ($)	Sep. 30, 2017	Oct. 31, 2017	Sep. 30, 2017	Sep. 30, 2016
Stock Issued During Period, Shares, New Issues	575,000
Proceeds from Issuance of Common Stock			$ 115,000	$ 0
Subsequent Event [Member]
Stock Issued During Period, Shares, New Issues		975,000
Proceeds from Issuance of Common Stock		$ 195,000
Subsequent Event [Member] | Stephen Christian [Member]
Officers' Compensation Description		monthly salary of $8,333 for the first six months of the effective date and $10,000 a month thereafter
Subsequent Event [Member] | Chief Executive Officer [Member]
Officers' Compensation		$ 15,000
Officers' Vehicle Allowances		$ 750