SMG Industries (SMGI) 10-K 2 Apr 18 2017 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2017	Mar. 31, 2018	Mar. 30, 2018
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Entity Registrant Name	SMG Industries Inc.
Entity Central Index Key	1,426,506
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 6,747,227
Trading Symbol	SMGI
Entity Common Stock, Shares Outstanding		10,005,190

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 85,570	$ 22,461
Accounts receivable, net of allowance for doubtful accounts of $10,695 and $21,134	441,359	285,923
Inventory	142,053	10,948
Assets held for sale	42,300	0
Prepaid expenses and other current assets	25,352	0
Total current assets	736,634	319,332
Property and equipment, net of accumulated depreciation of $300,155 and $302,931	118,779	214,587
Land	0	10,000
Total assets	855,413	543,919
Current liabilities:
Accounts payable	395,423	160,343
Accounts payable - related party	95,585	0
Accrued expenses and other liabilities	69,578	231,523
Secured line of credit	353,975	0
Current portion of secured notes payable	264,615	275,446
Total current liabilities	1,179,176	667,312
Long term liabilities:
Notes payable - secured, net of current portion	258,361	234,189
Total liabilities	1,437,537	901,501
Commitments and contingencies
Stockholders' equity (deficit)
Preferred stock - $0.001 par value; authoirzed 1,000,000 shares as of December 31, 2017 and December 31, 2016; isued and outstanding none at December 31, 2017 and December 31, 2016	0	0
Common stock - $0.001 par value; authoirzed 25,000,000 shares as of December 31, 2017 and December 31, 2016; isued and outstanding 8,865,190 and 1,408,276 at December 31, 2017 and December 31, 2016	8,865	1,408
Additional paid in capital	(56,940)	(556,021)
Retained earnings (accumulated deficit)	(534,049)	197,031
Total stockholders' equity (deficit)	(582,124)	(357,582)
Total liabilities and stockholders' equity (deficit)	$ 855,413	$ 543,919

CONSOLIDATED BALANCE SHEETS _Pa

CONSOLIDATED BALANCE SHEETS [Parenthetical] - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Allowance for Doubtful Accounts Receivable, Current	$ 10,695	$ 21,134
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$ 300,155	$ 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	8,865,190	1,408,276
Common Stock, Shares, Outstanding	8,865,190	1,408,276

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
REVENUES	$ 2,465,897	$ 1,603,395
COST OF REVENUES	1,445,910	939,780
GROSS PROFIT	1,019,987	663,615
OPERATING EXPENSES:
Selling, general and administrative	1,188,494	363,584
Impairment expense	27,366	24,905
Bad debt (recovery) expense	(10,439)	55,872
Gain (loss) on asset disposal	18,473	(393)
Acquisition cost	378,807	0
Total operating expenses	1,602,701	443,968
INCOME (LOSS) FROM OPERATIONS	(582,714)	219,647
OTHER INCOME (EXPENSE)
Gain on settlement of liabilities	7,118	10,971
Interest expense, net	(155,484)	(52,603)
NET INCOME (LOSS)	$ (731,080)	$ 178,015
Net Income (Loss) Per Share
Basic	$ (0.21)	$ 0.13
Diluted	$ (0.21)	$ 0.13
Weighted average shares outstanding
Basic	3,423,150	1,408,276
Diluted	3,423,150	1,408,276

STATEMENTS OF CHANGES IN STOCKH

STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) - USD ($)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]
Balance at Dec. 31, 2015	$ (367,502)	$ 1,408	$ (387,926)	$ 19,016
Balances (In shares) at Dec. 31, 2015		1,408,276
Member contributions	71,898		71,898	0
Member distributions	(239,993)		(239,993)	0
Net income (Loss)	178,015		0	178,015
Balance at Dec. 31, 2016	(357,582)	$ 1,408	(556,021)	197,031
Balances (In Shares) at Dec. 31, 2016		1,408,276
Shares issued for cash	351,170	$ 4,910	346,260	0
Shares issued for cash (In Shares)		4,910,000
Recapitalization	21,474	$ 2,095	19,379	0
Recapitalization (In Shares)		2,094,569
Shares issued for services	211,320	$ 432	210,888	0
Shares issued for services (In shares)		432,345
Shares issued for assets	5,000	$ 20	4,980	0
Shares issued for assets (In shares)		20,000
Member contributions	110,081		110,081	0
Member distributions	(192,507)		(192,507)	0
Net income (Loss)	(731,080)		0	(731,080)
Balance at Dec. 31, 2017	$ (582,124)	$ 8,865	$ (56,940)	$ (534,049)
Balances (In Shares) at Dec. 31, 2017		8,865,190

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ (731,080)	$ 178,015
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	72,161	77,458
Amortization of deferred financing costs	63,482	0
Gain on settlement of accrued liability	(7,118)	(10,971)
Bad debt expense (recovery)	(10,439)	55,872
Stock based compensation	211,320	0
Impairment expense	27,366	24,905
Gain (loss) on asset sale	18,473	(393)
Changes in:
Accounts receivable	(144,996)	(132,825)
Inventory	(131,105)	(24,210)
Prepaid expenses and other current assets	24,959	0
Accounts payable	230,951	13,959
Accounts payable related party	45,585	0
Accrued expenses and other liabilities	(86,215)	37,858
Net cash provided by (used in) operating activities	(416,656)	219,668
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	(38,247)	(6,200)
Net cash used in investing activities	(17,083)	(5,200)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from secured line of credit, net	181,734	0
Proceeds from notes payable	346,150	70,700
Payments on notes payable	(299,780)	(95,005)
Proceeds from member contributions	110,081	71,898
Payments for member distributions	(192,507)	(239,993)
Proceeds from sale of member interest	3,170
Proceeds from sales of common stock	348,000	0
Net cash provided by (used in) financing activities	496,848	(192,400)
NET CHANGE IN CASH AND CASH EQUIVALENTS	63,109	22,068
CASH AND CASH EQUIVALENTS, beginning of period	22,461	393
CASH AND CASH EQUIVALENTS, end of period	85,570	22,461
Supplemental disclosures:
Cash paid for income taxes	0	0
Cash paid for interest	101,375	33,712
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	42,300	0
Purchase of fixed assets with accounts payable	$ 11,248	$ 0

Organization and Nature of Busi

Organization and Nature of Business	12 Months Ended
	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Note 1 — Organization and Nature of Business Organization and Nature of Business SMG Industries Inc. (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. On January 30, 2018 the Company changed its name from SMG Indium Resources Ltd. to the current name of SMG Industries Inc. 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. In connection with the acquisition, net cash received was $ 21,164 378,807 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.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	The Company prepares its consolidated financial statements on the accrual basis of accounting. The accompanying consolidated financial statements include the accounts of the Company and its wholly subsidiary, all of which have a fiscal year end of December 31. All intercompany accounts, balances and transactions have been eliminated in the consolidation. 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, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Company’s acquisitions are accounted for under the acquisition method of accounting whereby purchase price is allocated to tangible and intangible assets acquired and liabilities assumed based on fair value. The excess of the fair value of the consideration conveyed over the fair value of the net assets acquired is recorded as goodwill. The statements of operations for the fiscal years presented include the results of operations for each of the acquisitions from the date of acquisition. During fiscal year 2017, two of our customers accounted for approximately 52 34 18 No other customers exceeded 10% of revenues 35 23 12 No other customers exceeded 10% of revenues 64 72 No other customers exceeded 10% of accounts receivable Five vendors accounted for more than 60 36 No other vendors exceeded 10% of accounts payable The Company maintains demand deposits with commercial banks. At times, certain balances held within these accounts may not be fully guaranteed or insured by the U.S. federal government. The uninsured portion of cash are backed solely by the assets of the underlying institution. As such, the failure of an underlying institution could result in financial loss to the Company. Cash equivalents include all highly liquid investments with original maturities of three months or less. Accounts receivable are comprised of unsecured amounts due from customers. The Company carries its accounts receivable at their face amounts less an allowance for bad debts. The allowance for bad debts is recognized based on management’s estimate of likely losses per year, based on past experience and review of customer profiles and the aging of receivable balances. As of December 31, 2017 and 2016, the allowance for bad debts was $ 10,695 21,134 Inventory, consisting of raw materials, work in progress and finished goods, is valued at the lower of the inventory’s costs or market, using the first in, first out method to determine the cost. Management compares the cost of inventory with its market value and an allowance is made to write down inventory to net realized value, if lower, which resulted in impairment loss recognized of $ 0 24,905 Estimated Category Useful Lives Building and improvements 20 years Vehicles and trailers 5 years Equipment 5 -7 years Furniture, Fixtures and Other 3 - 7 years Revenue is recognized when all of the following criteria are met: 1) persuasive evidence of an arrangement, 2) delivery has occurred, 3) the price is fixed and determinable, and 4) collectability is reasonably assured. MG recognizes revenues after a service has been performed and completed and the customer has assigned a work ticket, or, a product sale has been shipped to a customer. Typically the Company receives verbal orders from customers for services to be rendered. Cost of revenue includes all direct expenses incurred to produce the revenue for the period. This includes, but is not limited to, raw materials, direct employee cost, direct contract labor, transportation costs, equipment rental, equipment maintenance, and fuel. Cost of revenues are recorded in the same period as the resulting revenue. Wages, salaries, bonuses and social security contributions are recognized as an expense in the year in which the associated services are rendered by employees. Any unused portion of accrued sick or vacation leave expires on December 31 of each year and is not eligible to be carried over to the following year. The carrying value of short-term instruments, including cash, accounts payable and accrued expenses, and short-term notes approximate fair value due to the relatively short period to maturity for these instruments. The long-term debt approximate fair value since the related rates of interest approximate current market rates. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value maximize the use of observable inputs and minimize the use of unobservable inputs. The Company utilizes a three-level valuation hierarchy for disclosures of fair value measurements, defined as follows: Level 1: inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets Level 2: inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments. Level 3: inputs to the valuation methodology are unobservable and significant to the fair value The Company does not have any assets or liabilities that are required to be measured and recorded at fair value on a recurring basis. 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. 500,000 377,500 Basic and Diluted Income (Loss) 2017 2016 Net Income (Loss) $ (731,080) $ 178,015 Basic and Dilutive Shares: Weighted average basic shares outstanding 3,423,150 1,408,276 Net dilutive stock options - - Dilutive shares 3,423,150 1,408,276 Income taxes are accounted under the asset-and-liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to the differences between the financial statement carrying amounts of existing assets and liabilities and the respective tax bases and operating loss and tax credit carryforwards. 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 income in the period that includes the enactment date. The portion of any deferred tax asset for which it is more likely than not that a tax benefit will not be realized must then be offset by recording a valuation allowance. A valuation allowance has been established against all of the deferred tax assets, as it is more likely than not that these assets will not be realized given the Company’s expected operating losses. The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgement occurs. The Company recognizes potential interest and penalties, if any, related to income tax positions as a component of the provision for income taxes on the statements of operations. The Company measures the cost of employee services received in exchange for an award of equity instruments (share-based payments, or SBP) based on the grant-date fair value of the award. That cost is recognized over the period during which an employee is required to provide service in exchange for the SBP award—the requisite service period (vesting period). For SBP awards subject to conditions, compensation is not recognized until the performance condition is probable of occurrence. The grant-date fair value of share options is estimated using the Black-Scholes-Merton option-pricing model. Compensation expense for SBP awards granted to nonemployees is remeasured each period as the underlying options vest. Year Ended December 31, 2017 2016 Expected dividend yield 0 % 0 % Expected option term (years) 5 5 Expected volatility 127.52 % 13 % Risk-free interest rate 2.06 % 1.22 % The expected term of options granted represents the period of time that options granted are expected to be outstanding. The expected volatility was based on the volatility in the trading of the Company’s common stock. The assumed discount rate was the default risk-free five-year interest rate provided by Bloomberg L.P. The Financial Accounting Standards Board, or FASB, has issued Accounting Standards Update No. 2014-09, Revenue from contracts with Customers (Topic 606), or ASU 606. ASU 606 provides guidance outlining a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers in an amount that supersedes most current revenue recognition guidance. This guidance requires us to recognize revenue when we transfer promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. We are required to adopt ASU 606 at the beginning of our first quarter of fiscal 2018. The new guidance requires enhanced disclosures, including revenue recognition policies to identify performance obligations to customers and significant judgments in measurement and recognition. We will implement the new standard using the modified retrospective approach effective January 1, 2018. We do not expect the adoption of this guidance to have a material impact on our consolidated financial statements within any accounting period presented. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) (ASU 2016-02). Under ASU No. 2016-2, an entity will be required to recognize right-of-use assets and lease liabilities on its balance sheet and disclose key information about leasing arrangements. ASU No. 2016-02 offers specific accounting guidance for a lessee, a lessor and sale and leaseback transactions. Lessees and lessors are required to disclose qualitative and quantitative information about leasing arrangements to enable a user of the financial statements to assess the amount, timing and uncertainty of cash flows arising from leases. For public companies, ASU No. 2016-02 is effective for annual reporting periods beginning after December 15, 2018, including interim reporting periods within that reporting period, and requires a modified retrospective adoption, with early adoption permitted. The Company does not expect the adoption of this standard to have a material impact on the Company’s consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, ”Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting ” In November 2015, the FASB issued ASU 2015-17, Balance Sheet Classification of Deferred Taxes In August 2014, the FASB issued ASU 2014-15, “Presentation of Financial Statements-Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern.”

GOING CONCERN

GOING CONCERN	12 Months Ended
	Dec. 31, 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.

INVENTORY

INVENTORY	12 Months Ended
	Dec. 31, 2017
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	NOTE 4 - INVENTORY Inventory consisted of the following components at December 31, 2017 and 2016: 2017 2016 Raw materials and supplies $ 25,863 $ - Work in process - - Finished and purchased products 116,190 10,948 Total inventory $ 142,053 $ 10,948

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	12 Months Ended
	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	NOTE 5 – PROPERTY AND EQUIPMENT December 31, 2017 December 31, 2016 Land $ - $ 10,000 Building and improvements - 91,500 Vehicles and trailers 243,131 278,462 Equipment 159,196 130,946 Other 16,607 16,610 418,934 527,518 Less: accumulated depreciation (300,155) (302,931) $ 118,779 $ 224,587 Depreciation expense for the years ended December 31, 2017 and 2016 was $ 72,161 77,458 During the year ended December 31, 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 $ 42,300 27,366

ACCRUED EXPENSES AND OTHER LIAB

ACCRUED EXPENSES AND OTHER LIABILITIES	12 Months Ended
	Dec. 31, 2017
Payables and Accruals [Abstract]
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	NOTE 6 – ACCRUED EXPENSES AND OTHER LIABILITIES December 31, 2017 December 31, 2016 Salaries payable $ 22,079 $ 6,372 Payroll taxes payable 2,775 91,962 Sales tax payable 7,325 10,793 Interest payable 2,273 11,646 Credit cards payable - 10,323 Inventory purchases payable 23,440 75,539 Other 11,686 24,888 Total Accrued Expenses $ 69,578 $ 231,523

NOTES PAYABLE

NOTES PAYABLE	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	NOTE 7 – NOTES PAYABLE December 31, 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 $ 228,947 $ 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 63,752 - 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 41,777 - Secured finance facility issued June 6, 2016, bearing effective interest of 28.50%, due in periodic installments - 54,466 Secured funding advance agreement issued December 18, 2017, bearing effective interest of 29.8%, due in daily installments ending October 2018, net of deferred financing costs of $88,233 188,500 522,976 509,635 Less current maturities (264,615) (275,446) Long term debt, net of current maturities $ 258,361 $ 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 The note bears an interest rate of 8 307,391 6.00 228,947 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 a community bank for $ 120,025 7.25 On January 27, 2017, we issued a note to a community bank for $ 119,776 7.25 50,000 66,348 7.25 1,400 12,086 On January 2, 2015, we financed a truck with a note to a community bank. The $ 43,025 6 On April 16, 2015, we financed a truck with a note to a community bank. The $ 45,328 6 On February 2, 2017, we re-financed two truck notes existing with a community bank for one new note of $ 53,610 6 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 of receivables during the year ended December 31, 2015 and $70,700 of receivables during the year ended December 31, 2016; the balance owed is paid by the automatic sale of new payment card receivables to a finance company, with the finance company retaining an amount equal to 2/7ths of the face amount of the receivables. The balance of this agreement was $ 54,466 Accounts Receivable Financing Facility (Secured Line of Credit) On May 11, 2017, SMG Indium Resources Ltd. (the “Borrower”) entered into a $ 1 1 The financing facility is paid for by the assignment of the Borrower’s accounts receivable to Crestmark Bank and is secured by the Borrower’s assets. 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%. 1,330 200,000 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. 353,975 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 As part of our arrangement with Crestmark Bank our customers pay accounts receivable directly to a lock-box. Crestmark Bank is then paid back for prior advances on the Company’s Eligible Receivables. During the year ending December 31, 2017, the Company received total cash proceeds of $ 1,496,669 1,314,935 Net proceeds received during the year ending December 31, 2017 on this facility were $ 181,734 Funding Advance Agreements On April 7, 2017 SMG Indium Resources Ltd. (the “Seller”) received $ 100,000 143,000 44,765 44,765 On August 10, 2017 SMG Indium Resources Ltd. (the “Seller”) received $ 51,150 67,100 15,950 15,950 On December 18, 2017 SMG Indium Resources Ltd. (the “Seller”) received $ 195,000 278,000 83,000 2,767 Debt 2018 $ 618,590 2019 73,704 2020 72,486 2021 72,748 2022 39,423 Totals $ 876,951

STOCKHOLDERS_ EQUITY (DEFICIT)

STOCKHOLDERS’ EQUITY (DEFICIT)	12 Months Ended
	Dec. 31, 2017
Equity [Abstract]
Members' Equity Notes Disclosure [Text Block]	NOTE 8 – 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. As part of the recapitalization net assets of $ 21,474 21,164 Prior to the reverse acquisition transaction, MG Cleaners LLC sold 3,170,000 3,170 2,094,569 4,578,276 The following shares of common stock were issued subsequent to the reverse acquisition: - 432,345 211,320 - 20,000 5,000 - 1,740,000 348,000

STOCK OPTIONS

STOCK OPTIONS	12 Months Ended
	Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	NOTE 9 – STOCK OPTIONS Weighted Aggregate Aggregate Exercise Average Number Exercise Price Price Range Exercise Price Outstanding at December 31, 2015 564,999 $ 2,588,693 $ 1.78-7.50 $ 4.58 Granted 300,000 72,000 $ 0.24 $ 0.24 Exercised - - - - Forfeited and cancelled (477,499) (2,381,143) $ 3.55-7.50 $ 4.99 Outstanding at December 31, 2016 387,500 279,550 $ 0.24-3.40 $ 0.73 Granted 150,000 64,500 $ 0.37 $ 0.37 Exercised - - - - Cancelled, forfeited or expired (27,500) (25,900) $ 2.52-3.48 $ 2.55 Outstanding, December 31, 2017 510,000 $ 318,150 $ 0.24-3.29 $ 0.57 In November 2017 the Company issued 150,000 0.37 2018 2019 2020 41,840 In connection with the acquisition discussed in Note 1, MG Cleaners LLC assumed the above options that were previously issued by SMG as of December 31, 2016. The weighted average remaining contractual life is approximately 3.6 232,500 0

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	NOTE 10 – COMMITMENTS AND CONTINGENCIES. 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, 2017, the Company was engaged in one month to month lease which requires a 90 day termination notice. Rent expense for the year ended December 31, 2017 and 2016 for these leases amounted to $ 30,000 49,332 Effective July 15, 2017 3,000 2,400 3 16,500 0 On January 22, 2018, MG Cleaners, the Company’s subsidiary entered into a two year lease for a 6,500 square foot building on approximately 1.5 acres in Odessa Texas providing for three lease extensions totaling six additional years. The initial rent is $6,500 per month and increases to $8,500 per month at the seventh month of the lease. After the first year anniversary, the Lessee may cancel the lease with 30 days’ notice to Lessor. Operating Leases 2017 $ 24,000 2018 36,000 2019 36,000 2020 19,500 2021 - Totals $ 115,500

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2017
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	NOTE 11 – RELATED PARTY TRANSACTIONS During the year ended December 31, 2017 (prior to the acquisition) and 2016, the former managing member of MG made contributions to the Company totaling $ 110,081 71,898 During the year ended December 31, 2017 (prior to the acquisition) and 2016, the Company made distributions to the former managing member of MG totaling $ 192,507 239,993 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 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

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	NOTE 12 – INCOME TAXES For the Year Ended December 31, 2017 December 31, 2016 Current income tax expense (benefit) $ - $ - Deferred income tax expense (benefit) (40,000) - Valuation Allowance 40,000 - Income tax expense (benefit) $ - $ - For the year ended December 31, 2016 and for the eight and a half months ended September 19, 2017, the Company reported for income tax purposes as a disregarded entity, income and expenses passed through to the sole owner's individual income tax return. The deferred tax asset table below includes $ 130,000 For the Year Ended December 31, 2017 December 31, 2016 Federal income tax provision at statutory rates 34.00 % 0.00 % Reduction due to tax law change -13.00 % 0.00 % Valuation Allowance -21.00 % 0.00 % Effective tax rate 0.00 % 0.00 % December 31, 2017 December 31, 2016 Deferred tax asset: Net operating loss carryforwards $ 170,000 $ - Expenses not currently deductible 9,000 - Total 179,000 - Valuation allowance (179,000) - Net deferred tax asset $ - $ - A valuation allowance is provided when it is more likely than not that a portion or all of the deferred tax asset will not be realized. The differences between book income and tax income relate principally to revenue recognition and to differences between accelerated methods of depreciation allowed on income tax returns and straight-line methods of depreciation used for book purposes. The valuation allowance for 2017 was applied to offset the deferred tax assets in recognition of the uncertainty that such benefits will be realized as a result of the change in ownership of more than 50% through the reverse acquisition of the oilfield company in September 2017. Pursuant to Section 382 of the Internal Revenue Code of 1986, as amended, the annual utilization of a company’s net operating loss may be limited if the company experiences a change in ownership of more than fifty percent within a three-year period. Such change occurred in September 2017. Net operating losses prior to the date of change, available to offset future taxable income, are limited by IRC Section 382. At December 31, 2017, the company has net operating losses available for the 20-year carryforward of approximately $ 809,000 2,805,000 The New Tax Act, signed into law on December 22, 2017 made significant changes to the Internal Revenue Code. These changes include of corporate tax rate decrease from 35 21 80 The Company’s Federal and state income tax returns are subject to audit for all open years, starting with 2014 year.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2017
Subsequent Events [Abstract]
Subsequent Events [Text Block]	NOTE 13 – SUBSEQUENT EVENTS Common Stock During the first quarter of 2018, the Company issued 1,140,000 228,000 Lease Agreement On January 22, 2018, MG Cleaners, the Company’s subsidiary entered into a two year lease for a 6,500 square foot building on approximately 1.5 Product Acquisition On February 12, 2018, the Company’s wholly-owned subsidiary, MG Cleaners LLC (“ MG ”) entered into an Intellectual Property Sale Agreement (“ Agreement ”) with Stephen Christian, MG’s President, for the purchase of RigHands™ an industrial strength hand cleaner product line. RigHands™ is a trademarked branded product which is focused on the oilfield and industrial markets. MG issued a promissory note to Mr. Christian for the purchase price in the amount of $ 150,000 14C Information Statement On March 6, 2018 the Company filed and Information Statement with the Securities and Exchange Commission stating that it had obtained the written consent of a majority of stockholders as of the record date January 30, 2018, to change the name of the company to “SMG Industries, Inc.” and to adopt a new incentive stock option plan with 2,000,000 Former CFO On March 19, 2018, Meggen Rhodes resigned from her position as chief financial officer of the Company. In connection with Ms. Rhodes’ resignation, Ms. Rhodes indicated to the Company that such resignation was not the result of any disagreement related to the operations, policies or practices of the Company and was for personal reasons.

Summary of Significant Accoun20

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The Company prepares its consolidated financial statements on the accrual basis of accounting. The accompanying consolidated financial statements include the accounts of the Company and its wholly subsidiary, all of which have a fiscal year end of December 31. All intercompany accounts, balances and transactions have been eliminated in the consolidation.
Use of Estimates, Policy [Policy Text Block]	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, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Business Combinations and Other Purchase of Business Transactions, Policy [Policy Text Block]	Acquisition Accounting The Company’s acquisitions are accounted for under the acquisition method of accounting whereby purchase price is allocated to tangible and intangible assets acquired and liabilities assumed based on fair value. The excess of the fair value of the consideration conveyed over the fair value of the net assets acquired is recorded as goodwill. The statements of operations for the fiscal years presented include the results of operations for each of the acquisitions from the date of acquisition.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Customer Concentration and Credit Risk During fiscal year 2017, two of our customers accounted for approximately 52 34 18 No other customers exceeded 10% of revenues 35 23 12 No other customers exceeded 10% of revenues 64 72 No other customers exceeded 10% of accounts receivable Five vendors accounted for more than 60 36 No other vendors exceeded 10% of accounts payable The Company maintains demand deposits with commercial banks. At times, certain balances held within these accounts may not be fully guaranteed or insured by the U.S. federal government. The uninsured portion of cash are backed solely by the assets of the underlying institution. As such, the failure of an underlying institution could result in financial loss to the Company.
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents Cash equivalents include all highly liquid investments with original maturities of three months or less.
Trade and Other Accounts Receivable, Policy [Policy Text Block]	Accounts Receivable Accounts receivable are comprised of unsecured amounts due from customers. The Company carries its accounts receivable at their face amounts less an allowance for bad debts. The allowance for bad debts is recognized based on management’s estimate of likely losses per year, based on past experience and review of customer profiles and the aging of receivable balances. As of December 31, 2017 and 2016, the allowance for bad debts was $ 10,695 21,134
Inventory, Policy [Policy Text Block]	Inventory Inventory, consisting of raw materials, work in progress and finished goods, is valued at the lower of the inventory’s costs or market, using the first in, first out method to determine the cost. Management compares the cost of inventory with its market value and an allowance is made to write down inventory to net realized value, if lower, which resulted in impairment loss recognized of $ 0 24,905
Property, Plant and Equipment, Policy [Policy Text Block]	Estimated Category Useful Lives Building and improvements 20 years Vehicles and trailers 5 years Equipment 5 -7 years Furniture, Fixtures and Other 3 - 7 years
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition Revenue is recognized when all of the following criteria are met: 1) persuasive evidence of an arrangement, 2) delivery has occurred, 3) the price is fixed and determinable, and 4) collectability is reasonably assured. MG recognizes revenues after a service has been performed and completed and the customer has assigned a work ticket, or, a product sale has been shipped to a customer. Typically the Company receives verbal orders from customers for services to be rendered.
Cost of Sales, Policy [Policy Text Block]	Cost of Revenues Cost of revenue includes all direct expenses incurred to produce the revenue for the period. This includes, but is not limited to, raw materials, direct employee cost, direct contract labor, transportation costs, equipment rental, equipment maintenance, and fuel. Cost of revenues are recorded in the same period as the resulting revenue.
Compensation Related Costs, Policy [Policy Text Block]	Employee Benefits Wages, salaries, bonuses and social security contributions are recognized as an expense in the year in which the associated services are rendered by employees. Any unused portion of accrued sick or vacation leave expires on December 31 of each year and is not eligible to be carried over to the following year.
Fair Value of Financial Instruments, Policy [Policy Text Block]	The carrying value of short-term instruments, including cash, accounts payable and accrued expenses, and short-term notes approximate fair value due to the relatively short period to maturity for these instruments. The long-term debt approximate fair value since the related rates of interest approximate current market rates. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value maximize the use of observable inputs and minimize the use of unobservable inputs. The Company utilizes a three-level valuation hierarchy for disclosures of fair value measurements, defined as follows: Level 1: inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets Level 2: inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments. Level 3: inputs to the valuation methodology are unobservable and significant to the fair value The Company does not have any assets or liabilities that are required to be measured and recorded at fair value on a recurring basis.
Earnings Per Share, Policy [Policy Text Block]	Estimated Category Useful Lives Building and improvements 20 years Vehicles and trailers 5 years Equipment 5 -7 years Furniture, Fixtures and Other 3 - 7 years
Income Tax, Policy [Policy Text Block]	Income Taxes Income taxes are accounted under the asset-and-liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to the differences between the financial statement carrying amounts of existing assets and liabilities and the respective tax bases and operating loss and tax credit carryforwards. 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 income in the period that includes the enactment date. The portion of any deferred tax asset for which it is more likely than not that a tax benefit will not be realized must then be offset by recording a valuation allowance. A valuation allowance has been established against all of the deferred tax assets, as it is more likely than not that these assets will not be realized given the Company’s expected operating losses. The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgement occurs. The Company recognizes potential interest and penalties, if any, related to income tax positions as a component of the provision for income taxes on the statements of operations.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	The Company measures the cost of employee services received in exchange for an award of equity instruments (share-based payments, or SBP) based on the grant-date fair value of the award. That cost is recognized over the period during which an employee is required to provide service in exchange for the SBP award—the requisite service period (vesting period). For SBP awards subject to conditions, compensation is not recognized until the performance condition is probable of occurrence. The grant-date fair value of share options is estimated using the Black-Scholes-Merton option-pricing model. Compensation expense for SBP awards granted to nonemployees is remeasured each period as the underlying options vest. Year Ended December 31, 2017 2016 Expected dividend yield 0 % 0 % Expected option term (years) 5 5 Expected volatility 127.52 % 13 % Risk-free interest rate 2.06 % 1.22 % The expected term of options granted represents the period of time that options granted are expected to be outstanding. The expected volatility was based on the volatility in the trading of the Company’s common stock. The assumed discount rate was the default risk-free five-year interest rate provided by Bloomberg L.P.
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), or ASU 606. ASU 606 provides guidance outlining a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers in an amount that supersedes most current revenue recognition guidance. This guidance requires us to recognize revenue when we transfer promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. We are required to adopt ASU 606 at the beginning of our first quarter of fiscal 2018. The new guidance requires enhanced disclosures, including revenue recognition policies to identify performance obligations to customers and significant judgments in measurement and recognition. We will implement the new standard using the modified retrospective approach effective January 1, 2018. We do not expect the adoption of this guidance to have a material impact on our consolidated financial statements within any accounting period presented. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) (ASU 2016-02). Under ASU No. 2016-2, an entity will be required to recognize right-of-use assets and lease liabilities on its balance sheet and disclose key information about leasing arrangements. ASU No. 2016-02 offers specific accounting guidance for a lessee, a lessor and sale and leaseback transactions. Lessees and lessors are required to disclose qualitative and quantitative information about leasing arrangements to enable a user of the financial statements to assess the amount, timing and uncertainty of cash flows arising from leases. For public companies, ASU No. 2016-02 is effective for annual reporting periods beginning after December 15, 2018, including interim reporting periods within that reporting period, and requires a modified retrospective adoption, with early adoption permitted. The Company does not expect the adoption of this standard to have a material impact on the Company’s consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, ”Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting ” In November 2015, the FASB issued ASU 2015-17, Balance Sheet Classification of Deferred Taxes In August 2014, the FASB issued ASU 2014-15, “Presentation of Financial Statements-Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern.”

Summary of Significant Accoun21

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Schedule of Estimated Useful Lives of Property, Plant and Equipment [Table Text Block]	Estimated Category Useful Lives Building and improvements 20 years Vehicles and trailers 5 years Equipment 5 -7 years Furniture, Fixtures and Other 3 - 7 years
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For the years ended December 31, 2017 and 2016, 500,000 377,500 Basic and Diluted Income (Loss) 2017 2016 Net Income (Loss) $ (731,080) $ 178,015 Basic and Dilutive Shares: Weighted average basic shares outstanding 3,423,150 1,408,276 Net dilutive stock options - - Dilutive shares 3,423,150 1,408,276
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	The fair value of each option granted during the years ended December 31, 2017 and 2016 was estimated on the date of grant using the Black-Scholes-Merton option-pricing model with the weighted average assumptions in the following table: Year Ended December 31, 2017 2016 Expected dividend yield 0 % 0 % Expected option term (years) 5 5 Expected volatility 127.52 % 13 % Risk-free interest rate 2.06 % 1.22 %

INVENTORY (Tables)

INVENTORY (Tables)	12 Months Ended
	Dec. 31, 2017
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	Inventory consisted of the following components at December 31, 2017 and 2016: 2017 2016 Raw materials and supplies $ 25,863 $ - Work in process - - Finished and purchased products 116,190 10,948 Total inventory $ 142,053 $ 10,948

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	Property and equipment at December 31, 2017 and 2016 consist of the following: December 31, 2017 December 31, 2016 Land $ - $ 10,000 Building and improvements - 91,500 Vehicles and trailers 243,131 278,462 Equipment 159,196 130,946 Other 16,607 16,610 418,934 527,518 Less: accumulated depreciation (300,155) (302,931) $ 118,779 $ 224,587

ACCRUED EXPENSES AND OTHER LI24

ACCRUED EXPENSES AND OTHER LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2017
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities [Table Text Block]	Accrued expenses as of December 31, 2017 and 2016 included the following: December 31, 2017 December 31, 2016 Salaries payable $ 22,079 $ 6,372 Payroll taxes payable 2,775 91,962 Sales tax payable 7,325 10,793 Interest payable 2,273 11,646 Credit cards payable - 10,323 Inventory purchases payable 23,440 75,539 Other 11,686 24,888 Total Accrued Expenses $ 69,578 $ 231,523

NOTES PAYABLE (Tables)

NOTES PAYABLE (Tables)	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Schedule of Debt [Table Text Block]	Notes payable included the following as of December 31, 2017 and 2016: December 31, 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 $ 228,947 $ 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 63,752 - 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 41,777 - Secured finance facility issued June 6, 2016, bearing effective interest of 28.50%, due in periodic installments - 54,466 Secured funding advance agreement issued December 18, 2017, bearing effective interest of 29.8%, due in daily installments ending October 2018, net of deferred financing costs of $88,233 188,500 522,976 509,635 Less current maturities (264,615) (275,446) Long term debt, net of current maturities $ 258,361 $ 234,189
Schedule of Maturities of Long-term Debt [Table Text Block]	Debt 2018 $ 618,590 2019 73,704 2020 72,486 2021 72,748 2022 39,423 Totals $ 876,951

STOCK OPTIONS (Tables)

STOCK OPTIONS (Tables)	12 Months Ended
	Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-based Compensation, Stock Options, Activity [Table Text Block]	Summary stock option information is as follows: Weighted Aggregate Aggregate Exercise Average Number Exercise Price Price Range Exercise Price Outstanding at December 31, 2015 564,999 $ 2,588,693 $ 1.78-7.50 $ 4.58 Granted 300,000 72,000 $ 0.24 $ 0.24 Exercised - - - - Forfeited and cancelled (477,499) (2,381,143) $ 3.55-7.50 $ 4.99 Outstanding at December 31, 2016 387,500 279,550 $ 0.24-3.40 $ 0.73 Granted 150,000 64,500 $ 0.37 $ 0.37 Exercised - - - - Cancelled, forfeited or expired (27,500) (25,900) $ 2.52-3.48 $ 2.55 Outstanding, December 31, 2017 510,000 $ 318,150 $ 0.24-3.29 $ 0.57

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Contractual Obligation, Fiscal Year Maturity Schedule [Table Text Block]	Future maturities of required payments under capital and operating leases as of December 31, 2017 are as follows: Operating Leases 2017 $ 24,000 2018 36,000 2019 36,000 2020 19,500 2021 - Totals $ 115,500

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	The components of income taxes are as follows, in thousands: For the Year Ended December 31, 2017 December 31, 2016 Current income tax expense (benefit) $ - $ - Deferred income tax expense (benefit) (40,000) - Valuation Allowance 40,000 - Income tax expense (benefit) $ - $ -
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Reconciliation between the provision for income taxes, computed by applying the statutory Federal income tax rate of 21% to net income before income taxes, and the actual income tax expense follows For the Year Ended December 31, 2017 December 31, 2016 Federal income tax provision at statutory rates 34.00 % 0.00 % Reduction due to tax law change -13.00 % 0.00 % Valuation Allowance -21.00 % 0.00 % Effective tax rate 0.00 % 0.00 %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	The components of deferred tax assets are as follows, in thousands: December 31, 2017 December 31, 2016 Deferred tax asset: Net operating loss carryforwards $ 170,000 $ - Expenses not currently deductible 9,000 - Total 179,000 - Valuation allowance (179,000) - Net deferred tax asset $ - $ -

Organization and Nature of Bu29

Organization and Nature of Business (Details Textual) - USD ($)	1 Months Ended	12 Months Ended
	Sep. 19, 2017	Dec. 31, 2017	Dec. 31, 2016
Accounts Payable, Related Parties, Current		$ 95,585	$ 0
Proceeds From Reverse Acquisition		21,164	0
Business Combination, Acquisition Related Costs		$ 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 Accoun30

Summary of Significant Accounting Policies (Details)	12 Months Ended
	Dec. 31, 2017
Building and Building Improvements [Member]
Summary Of Significant Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	20 years
Vehicles [Member]
Summary Of Significant Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Maximum [Member] | Equipment [Member]
Summary Of Significant Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	7 years
Maximum [Member] | Furniture and Fixtures [Member]
Summary Of Significant Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	7 years
Minimum [Member] | Equipment [Member]
Summary Of Significant Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Minimum [Member] | Furniture and Fixtures [Member]
Summary Of Significant Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	3 years

Summary of Significant Accoun31

Summary of Significant Accounting Policies (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Net Income (Loss)	$ (731,080)	$ 178,015
Basic and Dilutive Shares:
Weighted average basic shares outstanding	3,423,150	1,408,276
Net dilutive stock options	0	0
Dilutive shares	3,423,150	1,408,276

Summary of Significant Accoun32

Summary of Significant Accounting Policies (Details 2)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Summary Of Significant Accounting Policies [Line Items]
Expected dividend yield	0.00%	0.00%
Expected option term (years)	5 years	5 years
Expected volatility	127.52%	13.00%
Risk-free interest rate	2.06%	1.22%

Summary of Significant Accoun33

Summary of Significant Accounting Policies (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Allowance for Doubtful Accounts Receivable, Current	$ 10,695	$ 21,134
Inventory Write-down	$ 0	$ 24,905
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	500,000	377,500
Measurement Of Recognized Income Tax Position Description	Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized.
Sales Revenue, Net [Member]
Concentration Risk, Additional Characteristic	No other customers exceeded 10% of revenues	No other customers exceeded 10% of revenues
Sales Revenue, Net [Member] | Another customer [Member]
Concentration Risk, Percentage	18.00%	12.00%
Sales Revenue, Net [Member] | Customer One [Member]
Concentration Risk, Percentage	34.00%	23.00%
Sales Revenue, Net [Member] | Customer Two [Member]
Concentration Risk, Percentage	52.00%	35.00%
Accounts Receivable [Member]
Concentration Risk, Percentage	64.00%	72.00%
Concentration Risk, Additional Characteristic	No other customers exceeded 10% of accounts receivable	No other vendors exceeded 10% of accounts payable
Supplier Concentration Risk [Member]
Concentration Risk, Percentage	60.00%	36.00%
Concentration Risk, Additional Characteristic	No other customers exceeded 10% of accounts receivable	No other vendors exceeded 10% of accounts payable

INVENTORY (Details)

INVENTORY (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Raw materials and supplies	$ 25,863	$ 0
Work in process	0	0
Finished and purchased products	116,190	10,948
Total inventory	$ 142,053	$ 10,948

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment, Gross	$ 418,934	$ 527,518
Less: accumulated depreciation	(300,155)	(302,931)
Property, Plant and Equipment, Net	118,779	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	243,131	278,462
Machinery and Equipment [Member]
Property, Plant and Equipment, Gross	159,196	130,946
Property, Plant and Equipment, Other Types [Member]
Property, Plant and Equipment, Gross	$ 16,607	$ 16,610

PROPERTY AND EQUIPMENT (Detai36

PROPERTY AND EQUIPMENT (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Depreciation	$ 72,161	$ 77,458
Asset Impairment Charges	27,366	24,905
Assets Held-for-sale, Not Part of Disposal Group, Current	$ 42,300	$ 0

ACCRUED EXPENSES AND OTHER LI37

ACCRUED EXPENSES AND OTHER LIABILITIES (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Salaries payable	$ 22,079	$ 6,372
Payroll taxes payable	2,775	91,962
Sales tax payable	7,325	10,793
Interest payable	2,273	11,646
Credit cards payable	0	10,323
Inventory purchases payable	23,440	75,539
Other	11,686	24,888
Total Accrued Expenses	$ 69,578	$ 231,523

NOTES PAYABLE (Details)

NOTES PAYABLE (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Notes payable:
Notes Payable	$ 522,976	$ 509,635
Less current maturities	(264,615)	(275,446)
Long term debt, net of current maturities	258,361	234,189
Secured Note October 2010 [Member]
Notes payable:
Notes Payable	228,947	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	63,752	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	41,777	0
Secured Note June 2016 [Member]
Notes payable:
Notes Payable	0	54,466
Secured Note December 2017 [Member]
Notes payable:
Notes Payable	$ 188,500	$ 0

NOTES PAYABLE (Details 1)

NOTES PAYABLE (Details 1)	Dec. 31, 2017USD ($)
2,018	$ 618,590
2,019	73,704
2,020	72,486
2,021	72,748
2,022	39,423
Totals	$ 876,951

NOTES PAYABLE (Details Textual)

NOTES PAYABLE (Details Textual) - USD ($)	Aug. 14, 2017	Aug. 10, 2017	May 11, 2017	Apr. 07, 2017	Dec. 18, 2017	May 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Feb. 02, 2017	Jan. 27, 2017	Jun. 06, 2016	Apr. 16, 2015	Jan. 31, 2015	Jan. 02, 2015	Dec. 19, 2014	Jul. 29, 2013	Oct. 15, 2010
Notes Payable							$ 522,976	$ 509,635
Repayments of Notes Payable							299,780	95,005
Sale Of Accounts Receivables								70,700	$ 40,800
Line of Credit Facility, Maximum Borrowing Capacity							1,000,000
Income Taxes Paid							0	0
Proceeds from Lines of Credit							181,734	0
Amortization of Debt Issuance Costs							63,482	0
Liabilities Subject to Compromise, Debt and Accrued Interest							172,241
Line of Credit, Current							353,975	0
Capital Stack LLC [Member]
Proceeds from Sale of Other Assets				$ 100,000
Due from Related Parties				143,000
Debt Issuance Costs, Net				$ 44,765
Amortization of Debt Issuance Costs							$ 44,765
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 is paid for by the assignment of the Borrowers accounts receivable to Crestmark Bank and is secured by the Borrowers assets. 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							181,734
Repayments of Debt							46,512
Libertas Funding LLC [Member]
Proceeds from Sale of Other Assets		$ 51,150			$ 195,000
Due from Related Parties		67,100			278,000
Debt Issuance Costs, Net		$ 15,950			83,000		2,767
Amortization of Debt Issuance Costs							15,950
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							41,777	0
Secured Note August 2015 [Member]
Notes Payable								54,466
Secured Note October 2010 [Member]
Notes Payable							228,947	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							63,752	0
Secured Note June 2016 [Member]
Notes Payable							0	$ 54,466
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																		$ 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 December 18, 2017 [Member]
Debt Instrument, Face Amount					$ 88,233
Debt Instrument, Interest Rate, Stated Percentage					29.80%
Crestmark Bank [Member]
Repayments of Lines of Credit							1,314,935
Proceeds from Lines of Credit							$ 1,496,669

STOCKHOLDERS_ EQUITY (DEFICIT)

STOCKHOLDERS’ EQUITY (DEFICIT) (Details Textual) - USD ($)	1 Months Ended	12 Months Ended
	Sep. 19, 2017	Dec. 31, 2017
Stock Issued During Period, Value, Issued for Services		$ 211,320
Stock Issued During Period, Value, Purchase of Assets		5,000
Stock Issued During Period, Value, New Issues		$ 351,170
Common Stock [Member]
Stock Issued During Period, Shares, Issued for Services		432,345
Stock Issued During Period, Value, Issued for Services		$ 432
Stock Issued During Period, Shares, Purchase of Assets		20,000
Stock Issued During Period, Value, Purchase of Assets		$ 20
Stock Issued During Period, Value, New Issues		$ 4,910
Stock Issued During Period, Shares, New Issues		4,910,000
SMG Indium Resources Ltd [Member]
Number Of Common Shares Held	2,094,569
SMG Indium Resources Ltd [Member] | Common Stock [Member]
Stock Issued During Period, Shares, Issued for Services		432,345
Stock Issued During Period, Value, Issued for Services		$ 211,320
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		$ 348,000
Stock Issued During Period, Shares, New Issues		1,740,000
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
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net		$ 21,474
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents		$ 21,164

STOCK OPTIONS (Details)

STOCK OPTIONS (Details) - USD ($)	1 Months Ended	12 Months Ended
	Nov. 30, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Granted - Aggregate Number	150,000
Employee Stock Option [Member]
Outstanding - Aggregate Number - Beginning Balance		387,500	564,999
Granted - Aggregate Number		150,000	300,000
Exercised - Aggregate Number		0	0
Cancelled, Forfeited or Expired - Aggregate Number		(27,500)	(477,499)
Outstanding - Aggregate Number - Ending Balance		510,000	387,500	564,999
Outstanding - Aggregate Exercise Price - Beginning Balance		$ 279,550	$ 2,588,693
Granted - Aggregate Exercise Price		64,500	72,000
Exercised - Aggregate Exercise Price		0	0
Cancelled, forfeited or expired		(25,900)	(2,381,143)
Outstanding - Aggregate Exercise Price - Ending Balance		$ 318,150	$ 279,550	$ 2,588,693
Granted - Excerise Price Range		$ 0.37	$ 0.24
Outstanding - Weighted Average Exercise Price - Beginning Balance		0.73	4.58
Granted - Weighted Average Exercise Price		0.37	0.24
Exercised - Weighted Average Exercise Price		0	0
Cancelled, Forfeited or Expired - Weighted Average Exercise Price		2.55	4.99
Outstanding - Weighted Average Exercise Price - Ending Balance		0.57	0.73	$ 4.58
Employee Stock Option [Member] | Maximum [Member]
Outstanding - Excerise Price Range - Maximum		$ 3.29	$ 3.40	7.50
Exercise Price Range - Cancelled, Forfeited or Expired		$ 3.48	$ 7.50
Employee Stock Option [Member] | Minimum [Member]
Outstanding - Excerise Price Range - Minimum		$ 0.24	$ 0.24	$ 1.78
Exercise Price Range - Cancelled, Forfeited or Expired		$ 2.52	$ 3.55

STOCK OPTIONS (Details Textuals

STOCK OPTIONS (Details Textuals) - USD ($)	1 Months Ended	12 Months Ended
	Nov. 30, 2017	Dec. 31, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value		$ 232,500	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term		3 years 7 months 6 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	150,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 0.37
Deferred Compensation Share-based Arrangements, Liability, Current and Noncurrent		$ 41,840
Share-based Compensation Award, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	2018 years
Share-based Compensation Award, Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	2019 years
Share-based Compensation Award, Tranche Three [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	2020 years

COMMITMENTS AND CONTINGENCIES44

COMMITMENTS AND CONTINGENCIES (Details)	Dec. 31, 2017USD ($)
2,017	$ 24,000
2,018	36,000
2,019	36,000
2,020	19,500
2,021	0
Totals	$ 115,500

COMMITMENTS AND CONTINGENCIES45

COMMITMENTS AND CONTINGENCIES (Details Textual)	Jul. 15, 2017USD ($)a	Jan. 22, 2018a	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Operating Leases, Rent Expense, Net | $	$ 3,000		$ 30,000	$ 49,332
Area of Land | a	2,400
Lease Expiration Date	Jul. 15, 2017
Lessor, Operating Lease, Term of Contract			3 years
Operating Leases, Rent Expense | $			$ 16,500	$ 0
Subsequent Event [Member]
Area of Land | a		1.5
Lessor, Operating Lease, Term of Contract		2 years
Lessee, Operating Lease, Description		On January 22, 2018, MG Cleaners, the Companys subsidiary entered into a two year lease for a 6,500 square foot building on approximately 1.5 acres in Odessa Texas providing for three lease extensions totaling six additional years. The initial rent is $6,500 per month and increases to $8,500 per month at the seventh month of the lease. After the first year anniversary, the Lessee may cancel the lease with 30 days notice to Lessor.

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Textual) - USD ($)	1 Months Ended			12 Months Ended
	Oct. 31, 2017	Sep. 21, 2017	Sep. 19, 2017	Dec. 31, 2017	Dec. 31, 2016
Proceeds from Contributions from Affiliates				$ 110,081	$ 71,898
Payments of Distributions to Affiliates				192,507	$ 239,993
Stock Issued During Period, Value, Issued for Services				211,320
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
Due to Related Parties				50,000
Chief Financial Officer [Member]
Stock Issued During Period, Shares, Issued for Services		81,695
Stock Issued During Period, Value, Issued for Services		$ 28,593
Officers Compensation	$ 15,000
Officers Vehicle Allowances	$ 750
Due to Related Parties				$ 45,585
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

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Current income tax expense (benefit)	$ 0	$ 0
Deferred income tax expense (benefit)	(40,000)	0
Valuation Allowance	40,000	0
Income Tax Expense (Benefit)	$ 0	$ 0

INCOME TAXES (Details 1)

INCOME TAXES (Details 1)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Federal income tax provision at statutory rates	34.00%	0.00%
Reduction due to tax law change	(13.00%)	0.00%
Valuation Allowance	(21.00%)	0.00%
Effective tax rate	0.00%	0.00%

INCOME TAXES (Details 2)

INCOME TAXES (Details 2) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Deferred tax asset:
Net operating loss carryforwards	$ 170,000	$ 0
Expenses not currently deductible	9,000	0
Total	179,000	0
Valuation allowance	(179,000)	0
Net deferred tax asset	$ 0	$ 0

INCOME TAXES (Details Textual)

INCOME TAXES (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Operating Loss Carryforwards, Offset of Taxable Income, Percentage		80.00%
Deferred Tax Assets, Operating Loss Carryforwards		$ 170,000	$ 0
Operating Loss Carryforwards		$ 809,000	$ 2,805,000
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent		34.00%	0.00%
Valuation Allowance, Deferred Tax Asset, Explanation of Change		The valuation allowance for 2017 was applied to offset the deferred tax assets in recognition of the uncertainty that such benefits will be realized as a result of the change in ownership of more than 50% through the reverse acquisition of the oilfield company in September 2017.
Operating Loss Carryforwards, Limitations on Use		Pursuant to Section 382 of the Internal Revenue Code of 1986, as amended, the annual utilization of a company’s net operating loss may be limited if the company experiences a change in ownership of more than fifty percent within a three-year period.
Operating Loss Carryforwards Expiration Term		20 year
Scenario, Plan [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%
SMG Indium Resources Ltd [Member]
Deferred Tax Assets, Operating Loss Carryforwards		$ 130,000

SUBSEQUENT EVENTS (Details Text

SUBSEQUENT EVENTS (Details Textual)	Feb. 12, 2018USD ($)	Jan. 22, 2018a	Mar. 31, 2018USD ($)shares	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Mar. 06, 2018shares	Jul. 15, 2017a
Area of Land | a							2,400
Proceeds from Issuance of Common Stock				$ 348,000	$ 0
Subsequent Event [Member]
Area of Land | a		1.5
Proceeds from Issuance of Common Stock			$ 228,000
Lessee, Operating Lease, Term of Contract		2 years
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures | shares			1,140,000
Noncash or Part Noncash Acquisition, Intangible Assets Acquired	$ 150,000
Subsequent Event [Member] | Incentive Stock Option Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | shares						2,000,000