Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended |
Sep. 30, 2013 | |
Document and Entity Information [Abstract] | ' |
Entity Registrant Name | 'POWERDYNE INTERNATIONAL, INC. |
Entity Central Index Key | '0001435617 |
Amendment Flag | 'false |
Current Fiscal Year End Date | '--12-31 |
Document Type | '10-Q |
Document Period End Date | 30-Sep-13 |
Document Fiscal Year Focus | '2013 |
Document Fiscal Period Focus | 'Q3 |
Entity Filer Category | 'Smaller Reporting Company |
Entity Common Stock, Shares Outstanding | 195,422,551 |
Condensed_Balance_Sheets
Condensed Balance Sheets (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Current Assets: | ' | ' |
Cash | $14,506 | $665 |
Advances to stockholder | 11,321 | 11,321 |
Total current assets | 25,827 | 11,986 |
Property and Equipment: | ' | ' |
Property and equipment, net | 105,989 | 116,117 |
Total Assets | 131,816 | 128,103 |
Current Liabilities: | ' | ' |
Accounts payable and accrued expenses | 161,659 | 148,120 |
Notes Payable | 75,000 | ' |
Due to related party | 13,250 | 5,600 |
Notes payable-related parties | 67,457 | 43,357 |
Tax payable | ' | 956 |
Total current liabilities | 317,366 | 198,033 |
Total Liabilities | 317,366 | 198,033 |
Stockholders' Deficit: | ' | ' |
Common stock; $0.0001 par value; 300,000,000 shares authorized, 195,422,551 shares issued and outstanding as of September 30, 2013 and 193,216,667 shares issued and outstanding as of December 31, 2012 | 19,542 | 19,322 |
Additional paid-in capital | 1,240,558 | 1,090,778 |
Accumulated deficit | -1,445,650 | -1,180,030 |
Total Stockholders' Deficit | -185,550 | -69,930 |
Total Liabilities and Stockholders' Deficit | $131,816 | $128,103 |
Condensed_Balance_Sheets_Paren
Condensed Balance Sheets (Parenthetical) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Balance Sheets [Abstract] | ' | ' |
Common stock, par value (in dollars per share) | $0.00 | $0.00 |
Common stock, shares authorized | 300,000,000 | 300,000,000 |
Common stock, shares issued | 195,422,551 | 193,216,667 |
Common stock, shares outstanding | 195,422,551 | 193,216,667 |
Condensed_Statements_of_Operat
Condensed Statements of Operations (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | 44 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | |
Statements of Operations [Abstract] | ' | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' | ' |
Cost of revenues | ' | ' | ' | ' | ' |
Gross profit | ' | ' | ' | ' | ' |
Operating expenses | 57,975 | 22,610 | 265,620 | 83,479 | 1,441,826 |
Loss from operations | -57,975 | -22,610 | -265,620 | -83,479 | -1,441,826 |
Income tax expense | ' | ' | ' | ' | 3,824 |
Net loss | ($57,975) | ($22,610) | ($265,620) | ($83,479) | ($1,445,650) |
Basic and diluted loss per common share | $0 | $0 | $0 | $0 | ' |
Basic and diluted weighted average common shares outstanding | 193,945,498 | 193,216,667 | 193,951,962 | 193,093,431 | ' |
Condensed_Statements_of_Change
Condensed Statements of Changes in Stockholders' Equity (Deficit) (USD $) | Total | Common Stock | Common Stock Subscribed | Additional Paid-In Capital | Common Stock Subscriptions Receivable | Accumulated Deficit |
Beginning Balance at Feb. 02, 2010 | $1,000 | $100 | ' | $900 | ' | ' |
Beginning Balance, shares at Feb. 02, 2010 | ' | 1,000,000 | ' | ' | ' | ' |
Common stock subscribed | 129,985 | ' | 191,900 | ' | -61,915 | ' |
Stock issued for change in control | ' | 18,800 | ' | -18,800 | ' | ' |
Stock issued for change in control, shares | ' | 188,000,000 | ' | ' | ' | ' |
Stock issued for services | 160,000 | 1,600 | ' | 158,400 | ' | ' |
Stock issued for services, shares | ' | 16,000,000 | ' | ' | ' | ' |
Net loss for the period | -306,270 | ' | ' | ' | ' | -306,270 |
Balance at Dec. 31, 2010 | -15,285 | 20,500 | 191,900 | 140,500 | -61,915 | -306,270 |
Balance, shares at Dec. 31, 2010 | ' | 205,000,000 | ' | ' | ' | ' |
Recapitalization shares contributed from reverse merger agreement | ' | -8,453 | ' | 8,453 | ' | ' |
Recapitalization shares contributed from reverse merger agreement, shares | ' | -84,526,666 | ' | ' | ' | ' |
Issuance pursuant to merger agreement for services - fair valued | 325,000 | 3,250 | ' | 321,750 | ' | ' |
Issuance pursuant to merger agreement for services - fair valued, shares | ' | 32,500,000 | ' | ' | ' | ' |
Issuance per cash consideration in relation to the stockholder subscription | 233,500 | 3,603 | -191,900 | 523,997 | -102,200 | ' |
Issuance per cash consideration in relation to the stockholder subscription, shares | ' | 36,026,666 | ' | ' | ' | ' |
Common stock issued | 226,615 | 275 | ' | 62,225 | 164,115 | ' |
Common stock issued, shares | ' | 2,750,000 | ' | ' | ' | ' |
Net loss for the period | -745,789 | ' | ' | ' | ' | -745,789 |
Balance at Dec. 31, 2011 | 24,041 | 19,175 | ' | 1,056,925 | ' | -1,052,059 |
Balance, shares at Dec. 31, 2011 | ' | 191,750,000 | ' | ' | ' | ' |
Issuance per cash consideration in relation to the stockholder subscription | 29,000 | 97 | ' | 28,903 | ' | ' |
Issuance per cash consideration in relation to the stockholder subscription, shares | ' | 966,667 | ' | ' | ' | ' |
Stock issued for services | 5,000 | 50 | ' | 4,950 | ' | ' |
Stock issued for services, shares | ' | 500,000 | ' | ' | ' | ' |
Net loss for the period | -127,971 | ' | ' | ' | ' | -127,971 |
Balance at Dec. 31, 2012 | -69,930 | 19,322 | ' | 1,090,778 | ' | -1,180,030 |
Balance, shares at Dec. 31, 2012 | ' | 193,216,667 | ' | ' | ' | ' |
Stock issued for services | 150,000 | 220 | ' | 149,780 | ' | ' |
Stock issued for services, shares | ' | 2,205,884 | ' | ' | ' | ' |
Net loss for the period | -265,620 | ' | ' | ' | ' | -265,620 |
Balance at Sep. 30, 2013 | ($185,550) | $19,542 | ' | $1,240,558 | ' | ($1,445,650) |
Balance, shares at Sep. 30, 2013 | ' | 195,422,551 | ' | ' | ' | ' |
Condensed_Statements_of_Cash_F
Condensed Statements of Cash Flows (Unaudited) (USD $) | 9 Months Ended | 44 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | |
Operating Activities: | ' | ' | ' |
Net loss | ($265,620) | ($83,479) | ($1,445,650) |
Adjustments to reconcile net loss to net cash used in operating activities: | ' | ' | ' |
Depreciation and amortization | 10,128 | 10,328 | 27,075 |
Stock compensation | 150,000 | 5,000 | 640,000 |
Changes in operating assets and liabilities: | ' | ' | ' |
Prepaid expenses | ' | 1,817 | ' |
Accrued expenses | 13,539 | 5,043 | 161,659 |
Due to related party | 7,650 | 4,700 | 13,250 |
Tax payable | -956 | -956 | ' |
Net cash used in operating activities | -85,259 | -57,547 | -603,667 |
Investing Activities: | ' | ' | ' |
Purchase of equipment | ' | ' | -133,063 |
Net cash used in investing activities | ' | ' | -133,063 |
Financing Activities: | ' | ' | ' |
Advances to stockholder | ' | ' | -11,321 |
Note payable | 75,000 | ' | 75,000 |
Notes payable - related parties | 24,100 | 11,000 | 67,457 |
Proceeds from issuance of common stock | ' | 29,000 | 620,100 |
Net cash provided by financing activities | 99,100 | 40,000 | 751,236 |
Net change in cash | 13,841 | -17,547 | 14,506 |
Cash, beginning of period | 665 | 17,664 | ' |
Cash, end of period | 14,506 | 117 | 14,506 |
Suppplemental disclosure of cash flow information | ' | ' | ' |
Cash paid for interest | ' | ' | ' |
Cash paid for taxes | $956 | $956 | $3,824 |
Organization
Organization | 9 Months Ended |
Sep. 30, 2013 | |
Organization and Basis of Presentation [Abstract] | ' |
ORGANIZATION | ' |
1. ORGANIZATION | |
Powerdyne, Inc., was incorporated on February 2, 2010 in Nevada, and is registered to do business in Rhode Island and Massachusetts. On February 7, 2011, Powerdyne, Inc. merged with Powerdyne International, Inc., formerly Greenmark Acquisition Corporation, a publicly held Delaware shell corporation with minimal assets and no operations. | |
On December 13, 2010, Powerdyne International, Inc., formerly Greenmark Acquisition Corporation, filed an Amended and Restated Articles of Incorporation in order to, among other things, increase the authorized capital stock to 300,000,000 common shares, par value $0.0001 per share. Unless the context specifies otherwise, as discussed in Note 2, references to the “Company” refers to Powerdyne International, Inc. and Powerdyne, Inc. after the merger. | |
At the closing of the merger, each share of Powerdyne, Inc.’s common stock issued and outstanding immediately prior to the closing of the Merger was exchanged for the right to receive 7,520 shares of common stock of Powerdyne International, Inc. Accordingly, an aggregate of 188,000,000 shares of common stock of Powerdyne International, Inc. were issued to the holders of Powerdyne, Inc.’s common stock. | |
The Company is a start-up organization which intends to produce and distribute completely packaged independent electrical generator units that run on environmentally-friendly fuel sources, such as natural gas and propane. At this time, the majority stockholder has patents pending with the United States Patent Office regarding the unique design of these units. |
Reverse_Merger_Accounting
Reverse Merger Accounting | 9 Months Ended |
Sep. 30, 2013 | |
Reverse Merger Accounting [Abstract] | ' |
REVERSE MERGER ACCOUNTING | ' |
2. REVERSE MERGER ACCOUNTING | |
On February 7, 2011, Greenmark Acquisition Corporation, which was a publicly held Delaware shell corporation with no operations merged with Powerdyne, Inc. Upon closing of the transaction, Greenmark Acquisition Corporation, the surviving corporation in the merger, changed its name to Powerdyne International, Inc. | |
The merger is being accounted for as a reverse-merger and recapitalization in accordance with generally accepted accounting principles in the United States (“GAAP”). Powerdyne, Inc. is the acquirer for financial reporting purposes and the Company is the acquired company. Consequently, the assets and liabilities and the operations that are reflected in the historical financial statements prior to the Merger are those of Powerdyne, Inc. and have been recorded at the historical cost basis of Powerdyne, Inc., and the financial statements after completion of the merger include the assets and liabilities of the Company and Powerdyne, Inc., historical operations of Powerdyne, Inc. and operations of the Company from the closing date of the Merger. Common stock and the corresponding capital amounts of the Company pre-merger have been retroactively restated as capital stock shares reflecting the exchange ratio in the merger. | |
In conjunction with the merger, the Company received no cash and assumed no liabilities from Greenmark Acquisition Corporation. All members of the Company’s executive management are from Powerdyne, Inc. |
Basis_of_Presentation
Basis of Presentation | 9 Months Ended |
Sep. 30, 2013 | |
Organization and Basis of Presentation [Abstract] | ' |
BASIS OF PRESENTATION | ' |
3. BASIS OF PRESENTATION | |
The accompanying unaudited condensed financial statements primarily reflect the financial position, results of operations and cash flows of the Company (as discussed above). The accompanying unaudited financial statements have been prepared in accordance with GAAP for interim financial information and pursuant to the instructions to Form 10-Q and Article 8 of Regulation S-X of the Securities and Exchange Commission. Accordingly, these interim financial statements do not include all of the information and footnotes required by GAAP for annual financial statements. In the opinion of management, all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the nine months ended September 30, 2013 are not necessarily indicative of the results that may be expected for the year ending December 31, 2013 or for any other period. These financial statements and accompanying notes should be read in conjunction with the financial statements and notes thereto in our Annual Report on Form 10-K for the fiscal year ended December 31, 2012 on file with the SEC (our “Annual Report”). There have been no material changes to our significant accounting policies as compared to the significant accounting policies described in our Annual Report. |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Summary of Significant Accounting Policies [Abstract] | ' | ||||||||
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | ' | ||||||||
4. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |||||||||
The summary of significant accounting policies presented below is designed to assist in understanding the Company’s condensed financial statements. Such financial statements and accompanying notes are the representations of the Company’s management, who are responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America (“GAAP”) in all material respects, and have been consistently applied in preparing the accompanying condensed financial statements. The Company is classified as a development stage enterprise under GAAP and has not generated significant revenues from its principal operations. | |||||||||
Development Stage and Capital Resources | |||||||||
Since its inception, the Company has devoted substantially all of its efforts to business planning, research and development, recruiting management and technical staff, acquiring operating assets and raising capital. Accordingly, the Company is considered to be in the development stage as defined in GAAP. The Company has not generated significant revenues from its principal operations, and there is no assurance of future revenues. As of September 30, 2013, the Company had an accumulated deficit from inception of $1,445,651. | |||||||||
The Company’s activities will necessitate significant uses of working capital beyond 2013. Additionally, the Company’s capital requirements will depend on many factors, including the success of the Company’s continued research and development efforts and the status of competitive products. The Company plans to continue financing its operations with cash received from financing activities, more specifically from one of its major shareholders. | |||||||||
While the Company strongly believes that its capital resources will be sufficient in the near term, there is no assurance that the Company’s activities will generate sufficient revenues to sustain its operations without additional capital or, if additional capital is needed, that such funds, if available, will be obtainable on terms satisfactory to the Company. | |||||||||
Use of Estimates | |||||||||
In preparing these condensed financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amount of revenues and expenses during the reporting periods. Actual results could differ from those estimates. | |||||||||
Fair Value of Financial Instruments | |||||||||
The Company follows guidance for accounting for fair value measurements of financial assets and financial liabilities and for fair value measurements of nonfinancial items that are recognized or disclosed at fair value in the financial statements on a recurring basis. Additionally, the Company adopted guidance for fair value measurement related to nonfinancial items that are recognized and disclosed at fair value in the financial statements on a nonrecurring basis. The guidance establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to measurements involving significant unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows: | |||||||||
Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. | |||||||||
Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. | |||||||||
Level 3 inputs are unobservable inputs for the asset or liability. | |||||||||
The Company monitors the market conditions and evaluates the fair value hierarchy levels at least quarterly. For any transfers in and out of the levels of the fair value hierarchy, the Company elects to disclose the fair value measurement at the beginning of the reporting period during which the transfer occurred. | |||||||||
The Company's financial instruments consisted of cash and the notes payable. The estimated fair value of these instruments approximates its carrying amount due to the short maturity of these instruments | |||||||||
Cash and Cash Equivalents | |||||||||
The Company considers all highly-liquid investments with maturities of three months or less when purchased to be cash equivalents. The Company had no cash equivalents as of September 30, 2013 and December 31, 2012. | |||||||||
Concentration of Credit Risk | |||||||||
Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents. The Company places its cash with high quality banking institutions. From time to time, the Company may maintain cash balances at certain institutions in excess of the Federal Deposit Insurance Corporation limit. The Company has not incurred any loss from this risk. | |||||||||
Property and Equipment | |||||||||
Property and equipment is stated at cost. Capital expenditures for improvements and upgrades to existing equipment are also capitalized. Maintenance and repairs are expensed as incurred. The machinery and equipment, previously classified as ‘construction in progress’ was placed into service on October 1, 2011 and the Company began to depreciate the assets at that time. The equipment is depreciated over 10 years on a straight-line basis. Vehicles are depreciated over 5 years using the straight-line basis. Depreciation expense for the periods ended September 30, 2013 and 2012 was $10,128 and $10,328, respectively, and $27,075 for the period from inception to September 30, 2013. | |||||||||
Long-Lived Assets | |||||||||
In accordance with ASC 350-30 (formerly SFAS No. 144, Accounting for the Impairment or Disposal of Long-Lived Assets), the Company evaluates long-lived assets for impairment whenever events or changes in circumstances indicate that their then carrying values may not be recoverable. When such factors and circumstances exist, the Company compares the projected undiscounted future cash flows associated with the related asset or group of assets over their estimated useful lives against their respective carrying amount. Impairment, if any, is based on the excess of the carrying amount over the fair value, based on market value when available, or discounted expected cash flows, of those assets and is recorded in the period in which the determination is made. The Company’s management currently believes there is no impairment of its long-lived assets. There can be no assurance however, that market conditions will not change or demand for the Company’s products under development will continue. Either of these could result in future impairment of long-lived assets. | |||||||||
Income Taxes | |||||||||
The implementation of certain provisions of ASC 740, Income Taxes, (formerly FIN 48, Accounting for Uncertainty in Income Taxes – An Interpretation of FASB Statement No. 109), (“ASC 740”) clarifies the accounting and disclosure for uncertainty in tax positions as defined. ASC 740 seeks to reduce the diversity in practice associated with certain aspects of the recognition and measurement related to accounting for income taxes. | |||||||||
In 2010, the Company adopted Accounting for Uncertain Income Taxes under the provisions of ASC 740. ASC 740 clarifies the accounting for income taxes by prescribing a minimum recognition threshold a tax position is required to meet before being recognized in the financial statements. It also provides guidance on derecognition, measurement, classification, interest and penalties, accounting in interim periods, disclosure and transition. The Company did not recognize any additional liability for unrecognized tax benefits as a result of the adoption of ASC 740. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Valuation allowances are established when it is more likely than not that some or all of the deferred tax assets will not be realized. | |||||||||
We believe that our income tax filing positions and deductions will be sustained on audit and do not anticipate any adjustments that will result in a material change to our financial position. Therefore, no reserves for uncertain income tax positions have been recorded pursuant to ASC 740. In addition, we did not record a cumulative effect adjustment related to the adoption of ASC 740. Our policy for recording interest and penalties associated with income-based tax audits is to record such items as a component of income taxes. | |||||||||
Our tax provision was determined using an estimate of our annual effective tax rate using enacted tax rates expected to apply to taxable income in the years in which they are earned, adjusted for discrete items, if any, that are taken into account in the relevant period. Each quarter we update our estimate of the annual effective tax rate, and if our estimated tax rate changes, we make a cumulative adjustment. Taxes payable as of September 30, 2013 and December 31, 2012 was $0 and $956, respectively. | |||||||||
Share Based Compensation | |||||||||
We periodically issue stock options and warrants to employees and non-employees in non-capital raising transactions for services and for financing costs. We account for stock option and warrant grants issued and vesting to employees based on Financial Accounting Standards Board (FASB) ASC Topic 718, “Compensation – Stock Compensation”, whereas the award is measured at its fair value at the date of grant and is amortized ratably over the vesting period. We account for stock option and warrant grants issued and vesting to non-employees in accordance with ASC Topic 505, “Equity”, whereas the value of the stock compensation is based upon the measurement date as determined at either (a) the date at which a performance commitment is reached, or (b) at the date at which the necessary performance to earn the equity instruments is complete. | |||||||||
Loss per Common Share | |||||||||
Basic loss per common share excludes dilutive securities and is computed by dividing net loss by the weighted average number of common shares outstanding during the period. Diluted earnings per common share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity. Since the Company has only incurred losses, basic and diluted loss per share is the same. As of September 30, 2013 and 2012, there were no outstanding dilutive securities. | |||||||||
The following table represents the computation of basic and diluted losses per share: | |||||||||
Nine months | Nine months | ||||||||
ended Sept. 30, | ended Sept. 30, | ||||||||
2013 | 2012 | ||||||||
Loss available for common shareholder | $ | (265,620 | ) | $ | (60,869 | ) | |||
Basic and fully diluted loss per share | $ | (0.00 | ) | $ | (0.00 | ) | |||
Weighted average common shares outstanding - basic and diluted | 193,951,962 | 193,093,431 | |||||||
Net loss per share is based upon the weighted average shares of common stock outstanding. | |||||||||
Recent Accounting Pronouncements | |||||||||
There are no recently issued accounting pronouncements that the Company has yet to adopt that are expected to have a material effect on its financial position, results of operations, or cash flows. |
Property_and_Equipment_Net
Property and Equipment - Net | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
PROPERTY AND EQUIPMENT - NET | ' | ||||||||
5. PROPERTY AND EQUIPMENT - NET | |||||||||
Equipment consists of the following as of September 30, 2013 and December 31, 2012: | |||||||||
September 30, | December 31, | ||||||||
2013 | 2012 | ||||||||
Motor vehicles | $ | 1,976 | $ | 1,976 | |||||
Machinery and equipment | 131,087 | 131,087 | |||||||
133,063 | 133,063 | ||||||||
Less accumulated depreciation | (27,074 | ) | (16,946 | ) | |||||
Total equipment - net | $ | 105,989 | $ | 116,117 | |||||
Equipment is stated at cost and depreciated on a straight-line basis over the assets’ estimated useful lives: vehicles 5 years and machinery and equipment 10 years. The machinery and equipment that was previously classified as ‘construction in process,’ was placed into service on October 1, 2011. Total depreciation expense for the periods ended September 30, 2013 and 2012 was $10,128 and $10,328, respectively and from February 2, 2010 (Inception) to September 30, 2013 was $27,075. |
Common_Stock
Common Stock | 9 Months Ended |
Sep. 30, 2013 | |
Common Stock [Abstract] | ' |
COMMON STOCK | ' |
6. COMMON STOCK | |
Starting in June 2010, the Company entered into various stockholder subscription agreements with private investors in order to provide working capital for the Company. The agreements were sold to private investors at $0.01 to $0.03 per share in various share amounts. The agreement stipulated that the shares of common stock would not be issued to the investors until the execution of the reverse merger agreement and subsequent Initial Public Offering. During fiscal year 2010, the Company raised $191,900 from the stockholder subscription agreements for the purchase of 19,190,000 shares of common stock. The Company had $61,915 in common stock subscription receivable as of December 31, 2010. The 19,190,000 shares of common stock were issued on February 8, 2011. | |
On December 11, 2010, the Company issued 2,000,000 shares of common stock to each of Tiber Creek Corporation and IRAA Fin Serv. for services rendered on behalf of Powerdyne Inc. The shares were valued at their estimated fair value of $0.01 per share for a total compensation of $40,000. | |
On December 13, 2010, the Company issued 188,000,000 shares to Dale Euga, the sole shareholder of Powerdyne Inc. The shares were issued to effect a change of control of the Company in anticipation of the merger that was eventually consummated with Powerdyne, Inc. | |
On December 13, 2010, the Company issued 12,000,000 shares of common stock to Arthur Read, II, Esq for services rendered on behalf of Powerdyne Inc. The shares were valued at their estimated fair value of $0.01 per share for a total compensation of $120,000. | |
On February 7, 2011, in connection with the merger, Dale Euga contributed 84,526,666 shares of common stock to the Company which were then cancelled. Mr. Euga received no compensation for these shares. | |
On February 8, 2011, the Company issued 32,500,000 shares of common stock to employees and consultants for services. The Company recorded an expense of $325,000 based on an estimated fair value of $0.01 per share. | |
Pursuant to the terms and conditions of the merger on February 7, 2011 (see Note 1 and 2) each share of Powerdyne, Inc.’s common stock issued and outstanding immediately prior to the closing of the merger was exchanged for the right to receive 7,520 shares of Powerdyne International, Inc. common stock. | |
For the year ended December 31, 2012, the Company raised an additional $29,000 from stockholder subscription agreements for the purchase of 966,667 shares of common stock. In total, the Company has raised $619,100 in cash from common stock subscriptions since inception. In addition, during the period ended March 31, 2012, 500,000 shares were issued to a consultant as compensation for services rendered. The Company valued the award of stocks at $0.01 per share for a total of $5,000. | |
During the period ended September 30, 2013, 2,205,884 shares were issued to three consultants as compensation for services rendered. The Company valued the stock at $0.068 per share for a total of $150,000. |
Note_Payable
Note Payable | 9 Months Ended |
Sep. 30, 2013 | |
Note Payable [Abstract] | ' |
NOTE PAYABLE | ' |
7. NOTE PAYABLE | |
The Company entered into an agreement with an unrelated party in order to obtain short term cash flow in the form of a $42,500, eight (8) percent convertible note payable. In addition, during the third quarter of 2013, the Company obtained additional funds in the amount of $32,500 from the same unrelated party. The terms of this debt are the same as the initial borrowing. The term is nine months and any time after 180 days, the lender may convert all or some of the principal and accrued interest into common stock of the Company at a discount rate of 42% to the market. Accrued interest at September 30, 2013 and December 31, 2012 for the first borrowing was $1,094 and $0, respectively. The accrued interest at September 30, 2013 and December 31, 2013 for the second borrowing was $249 and $0, respectively. This note is secured by Company common stock. |
Related_Party_Promissory_Note
Related Party - Promissory Note | 9 Months Ended | |||||||||||||
Sep. 30, 2013 | ||||||||||||||
Related Party - Promissory Note [Abstract] | ' | |||||||||||||
RELATED PARTY - Promissory Note | ' | |||||||||||||
8. RELATED PARTY – Promissory Note | ||||||||||||||
The Company obtained short-term cash flow from a related party in the form of three demand Notes Payable in the aggregate amount of $10,000 during the year ended December 31, 2012. The Notes bear an interest rate of 7% per annum and are unsecured. | ||||||||||||||
Note | Principal | Rate | Accured interest | Maturity | ||||||||||
Promissory note 1 | $ | 6,000 | 7 | % | $ | 450 | 9/4/14 | |||||||
Promissory note 2 | $ | 2,000 | 7 | % | $ | 140 | 10/1/14 | |||||||
Promissory note 3 | $ | 2,000 | 7 | % | $ | 115 | 12/3/14 | |||||||
Total | $ | 10,000 | $ | 705 | ||||||||||
The Company obtained short-term cash flow from a related party in the form of six demand Notes Payable in the aggregate amount of $32,954 during the year ended December 31, 2012. The Notes bear an interest rate of 7% per annum and are unsecured. | ||||||||||||||
Note | Principal | Rate | Accured interest | Maturity | ||||||||||
Promissory note 1 | $ | 5,000 | 7 | % | $ | 384 | 7/25/14 | |||||||
Promissory note 2 | $ | 11,000 | 7 | % | $ | 724 | 10/22/14 | |||||||
Promissory note 3 | $ | 15,000 | 7 | % | $ | 892 | 11/24/14 | |||||||
Promissory note 4 | $ | 102 | 7 | % | $ | 75 | 10/22/14 | |||||||
Promissory note 5 | $ | 879 | 7 | % | $ | 52 | 11/24/14 | |||||||
Promissory note 6 | $ | 972 | 7 | % | $ | 85 | 7/25/14 | |||||||
Total | $ | 32,954 | $ | 2,212 | ||||||||||
The Company obtained short-term cash flow from a related party in the form of two demand Notes Payable in the aggregate amount of $404 during the year ended December 31, 2012 and an additional amount of $6,100 during the quarter ended March 31, 2013. The Notes bear an interest rate of 7% per annum and are unsecured. | ||||||||||||||
Note | Principal | Rate | Accured interest | Maturity | ||||||||||
Promissory note 1 | $ | 234 | 7 | % | $ | 13 | 12/5/14 | |||||||
Promissory note 2 | $ | 170 | 7 | % | $ | 10 | 11/18/14 | |||||||
Promissory note 3 | $ | 4,100 | 7 | % | $ | 187 | 2/5/15 | |||||||
Promissory note 4 | $ | 2,000 | 7 | % | $ | 91 | 2/7/15 | |||||||
Total | $ | 6,504 | $ | 301 | ||||||||||
The Company obtained short-term cash flow from a related party in the form of two demand Notes Payable in the aggregate amount of $18,000 during the quarter ended March 31, 2013. The Notes bear an interest rate of 7% per annum and are unsecured. | ||||||||||||||
Note | Principal | Rate | Accured interest | Maturity | ||||||||||
Promissory note1 | $ | 8,000 | 7 | % | 302 | 3/18/15 | ||||||||
Promissory note 2 | $ | 10,000 | 7 | % | 426 | 2/21/13 | ||||||||
Total | $ | 18,000 | 728 | |||||||||||
From time to time, the Company advances amounts to stockholders, as well as receives payments from stockholders in the form of cash and/or out-of-pocket expenditures for the benefit of the Company, which are business in nature. The balance of advances to stockholder as of September 30, 2013 and December 31, 2012 was $11,321 and $11,321, respectively. Besides, as stated in Note 10, the Company signed a real property rental agreement with a related party for its manufacturing facilities that begins January 1, 2012. Rent accrued, but not yet paid, as Due to Related Party at September 30, 2013 and December 31, 2012 was $3,600 and $3,600, respectively. In addition, there was a charge for cleanup of premises in the amount of $325 accrued for the period ended September 30, 2013. The Company has an agreement with an outside consultant, a related party. Amounts paid to the related party during the periods ended September 30, 2013 and June 30, 2012 was $2,175 and $12,000 respectively. Amounts accrued, but not yet paid as due to related party at June 30, 2013 and December 31, 2012 was $11,825 and $ 2,000, respectively. |
Memorandum_of_Understanding
Memorandum of Understanding | 9 Months Ended |
Sep. 30, 2013 | |
Memorandum of Understanding [Abstract] | ' |
MEMORANDUM OF UNDERSTANDING | ' |
9. MEMORANDUM OF UNDERSTANDING | |
The Company entered into a Memorandum of Understanding (MoU) with Turning Mill, LLC, a Massachusetts company that has developed a business model that utilizes various federal and state renewable energy programs. The MoU sets forth a framework for the companies to begin to collaborate in the clean, renewable energy market place. This MoU expired December 31, 2011. | |
On February 6, 2012, the Company signed a “Developers License Agreement” with AMCANCO, LLC (“AMCANCO”), a limited liability corporation organized and existing in Massachusetts. AMANCO has agreed to use its resources and interest to develop renewable energy projects utilizing the Company’s generator set technology. This agreement essentially replaces the MoU with Turning Mills, LLC. As of this date, there have been no substantive developments. |
Commitments_and_Contingencies
Commitments and Contingencies | 9 Months Ended |
Sep. 30, 2013 | |
Commitments and Contingencies [Abstract] | ' |
COMMITMENTS AND CONTINGENCIES | ' |
10. COMMITMENTS AND CONTINGENCIES | |
Lease Commitments | |
The Company entered into an operating lease agreement for its manufacturing facilities with a related party on October 1, 2011. The initial term of the lease begins January 1, 2012 and ends March 31, 2012. The Company has the option to renew the lease for an additional three month term beginning April 1, 2012. Additional three month terms are renewable at the Company’s option through December 2017. The Company shall pay this related party $300 per month, beginning January 1, 2012, for the term of the lease. In addition, The Company is responsible for utilities used at this facility. The Company no longer occupies the space as of December 31, 2012. | |
Financing Agreements | |
On June 5, 2013, the Company signed a “Term Sheet” with a venture capital group, outlining the equity financing arrangement the companies have agreed on. On August 7, 2013, the Company signed an “Investment Agreement” with that venture capital group which details and supersedes the “Term Sheet” financing arrangement. The “Investment Agreement” calls for the Company to make available to the venture capital group for purchase up to $3,000,000 in a “Registered Direct Offering” of the Company’s common stock at 80% of market price under certain conditions. The Company must prepare a stock registration statement that is declared “effective” by the Securities and Exchange Commission. The Company must pay for the document preparation fees as well as issue 5% of the offering amount in newly issued stock representing a commitment fee upon execution of the term sheet. As partial fulfillment of the commitment fee, the Company issued 441,177 shares at $0.068 per share for a total value of $30,000 on June 27, 2013. The Company issued the balance of the commitment shares totaling 1,764,707 shares at $0.068 per share for a total value of $120,000. These shares were issued on July 2, 2013. | |
Litigation | |
During the ordinary course of the Company’s business, it is subject to various claims and litigation. Management believes that the outcome of such claims or litigation will not have a material adverse effect on the Company’s financial position, results of operations or cash flow. | |
The Company is involved in a legal settlement with a former employee of the Company. The Company is seeking reimbursement of expenses paid in the amount of $5,000. The former employee is seeking further additional expenses incurred in the amount of $6,500. It is the opinion of the Company’s legal counsel that the legal action is without merit and no accrual has been recorded for this claim. |
Subsequent_Events
Subsequent Events | 9 Months Ended |
Sep. 30, 2013 | |
Subsequent Events [Abstract] | ' |
SUBSEQUENT EVENTS | ' |
11. SUBSEQUENT EVENTS | |
On October 14, 2013, the Company issued 60,000 shares with a fair value of $6,000.00 ($0.10/sh.) to a firm for public and investor relation services. This public/investor relations agreement begins on October 1, and lasts through December 31, 2013. |
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Summary of Significant Accounting Policies [Abstract] | ' | ||||||||
Development Stage and Capital Resources | ' | ||||||||
Development Stage and Capital Resources | |||||||||
Since its inception, the Company has devoted substantially all of its efforts to business planning, research and development, recruiting management and technical staff, acquiring operating assets and raising capital. Accordingly, the Company is considered to be in the development stage as defined in GAAP. The Company has not generated significant revenues from its principal operations, and there is no assurance of future revenues. As of September 30, 2013, the Company had an accumulated deficit from inception of $1,445,651. | |||||||||
The Company’s activities will necessitate significant uses of working capital beyond 2013. Additionally, the Company’s capital requirements will depend on many factors, including the success of the Company’s continued research and development efforts and the status of competitive products. The Company plans to continue financing its operations with cash received from financing activities, more specifically from one of its major shareholders. | |||||||||
While the Company strongly believes that its capital resources will be sufficient in the near term, there is no assurance that the Company’s activities will generate sufficient revenues to sustain its operations without additional capital or, if additional capital is needed, that such funds, if available, will be obtainable on terms satisfactory to the Company. | |||||||||
Use of Estimates | ' | ||||||||
Use of Estimates | |||||||||
In preparing these condensed financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amount of revenues and expenses during the reporting periods. Actual results could differ from those estimates. | |||||||||
Fair Value of Financial Instruments | ' | ||||||||
Fair Value of Financial Instruments | |||||||||
The Company follows guidance for accounting for fair value measurements of financial assets and financial liabilities and for fair value measurements of nonfinancial items that are recognized or disclosed at fair value in the financial statements on a recurring basis. Additionally, the Company adopted guidance for fair value measurement related to nonfinancial items that are recognized and disclosed at fair value in the financial statements on a nonrecurring basis. The guidance establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to measurements involving significant unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows: | |||||||||
Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. | |||||||||
Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. | |||||||||
Level 3 inputs are unobservable inputs for the asset or liability. | |||||||||
The Company monitors the market conditions and evaluates the fair value hierarchy levels at least quarterly. For any transfers in and out of the levels of the fair value hierarchy, the Company elects to disclose the fair value measurement at the beginning of the reporting period during which the transfer occurred. | |||||||||
The Company's financial instruments consisted of cash and the notes payable. The estimated fair value of these instruments approximates its carrying amount due to the short maturity of these instruments | |||||||||
Cash and Cash Equivalents | ' | ||||||||
Cash and Cash Equivalents | |||||||||
The Company considers all highly-liquid investments with maturities of three months or less when purchased to be cash equivalents. The Company had no cash equivalents as of September 30, 2013 and December 31, 2012. | |||||||||
Concentration of Credit Risk | ' | ||||||||
Concentration of Credit Risk | |||||||||
Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents. The Company places its cash with high quality banking institutions. From time to time, the Company may maintain cash balances at certain institutions in excess of the Federal Deposit Insurance Corporation limit. The Company has not incurred any loss from this risk. | |||||||||
Property and Equipment | ' | ||||||||
Property and Equipment | |||||||||
Property and equipment is stated at cost. Capital expenditures for improvements and upgrades to existing equipment are also capitalized. Maintenance and repairs are expensed as incurred. The machinery and equipment, previously classified as ‘construction in progress’ was placed into service on October 1, 2011 and the Company began to depreciate the assets at that time. The equipment is depreciated over 10 years on a straight-line basis. Vehicles are depreciated over 5 years using the straight-line basis. Depreciation expense for the periods ended September 30, 2013 and 2012 was $10,128 and $10,328, respectively, and $27,075 for the period from inception to September 30, 2013. | |||||||||
Long-Lived Assets | ' | ||||||||
Long-Lived Assets | |||||||||
In accordance with ASC 350-30 (formerly SFAS No. 144, Accounting for the Impairment or Disposal of Long-Lived Assets), the Company evaluates long-lived assets for impairment whenever events or changes in circumstances indicate that their then carrying values may not be recoverable. When such factors and circumstances exist, the Company compares the projected undiscounted future cash flows associated with the related asset or group of assets over their estimated useful lives against their respective carrying amount. Impairment, if any, is based on the excess of the carrying amount over the fair value, based on market value when available, or discounted expected cash flows, of those assets and is recorded in the period in which the determination is made. The Company’s management currently believes there is no impairment of its long-lived assets. There can be no assurance however, that market conditions will not change or demand for the Company’s products under development will continue. Either of these could result in future impairment of long-lived assets. | |||||||||
Income Taxes | ' | ||||||||
Income Taxes | |||||||||
The implementation of certain provisions of ASC 740, Income Taxes, (formerly FIN 48, Accounting for Uncertainty in Income Taxes – An Interpretation of FASB Statement No. 109), (“ASC 740”) clarifies the accounting and disclosure for uncertainty in tax positions as defined. ASC 740 seeks to reduce the diversity in practice associated with certain aspects of the recognition and measurement related to accounting for income taxes. | |||||||||
In 2010, the Company adopted Accounting for Uncertain Income Taxes under the provisions of ASC 740. ASC 740 clarifies the accounting for income taxes by prescribing a minimum recognition threshold a tax position is required to meet before being recognized in the financial statements. It also provides guidance on derecognition, measurement, classification, interest and penalties, accounting in interim periods, disclosure and transition. The Company did not recognize any additional liability for unrecognized tax benefits as a result of the adoption of ASC 740. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Valuation allowances are established when it is more likely than not that some or all of the deferred tax assets will not be realized. | |||||||||
We believe that our income tax filing positions and deductions will be sustained on audit and do not anticipate any adjustments that will result in a material change to our financial position. Therefore, no reserves for uncertain income tax positions have been recorded pursuant to ASC 740. In addition, we did not record a cumulative effect adjustment related to the adoption of ASC 740. Our policy for recording interest and penalties associated with income-based tax audits is to record such items as a component of income taxes. | |||||||||
Our tax provision was determined using an estimate of our annual effective tax rate using enacted tax rates expected to apply to taxable income in the years in which they are earned, adjusted for discrete items, if any, that are taken into account in the relevant period. Each quarter we update our estimate of the annual effective tax rate, and if our estimated tax rate changes, we make a cumulative adjustment. Taxes payable as of September 30, 2013 and December 31, 2012 was $0 and $956, respectively. | |||||||||
Share Based Compensation | ' | ||||||||
Share Based Compensation | |||||||||
We periodically issue stock options and warrants to employees and non-employees in non-capital raising transactions for services and for financing costs. We account for stock option and warrant grants issued and vesting to employees based on Financial Accounting Standards Board (FASB) ASC Topic 718, “Compensation – Stock Compensation”, whereas the award is measured at its fair value at the date of grant and is amortized ratably over the vesting period. We account for stock option and warrant grants issued and vesting to non-employees in accordance with ASC Topic 505, “Equity”, whereas the value of the stock compensation is based upon the measurement date as determined at either (a) the date at which a performance commitment is reached, or (b) at the date at which the necessary performance to earn the equity instruments is complete. | |||||||||
Loss per Common Share | ' | ||||||||
Loss per Common Share | |||||||||
Basic loss per common share excludes dilutive securities and is computed by dividing net loss by the weighted average number of common shares outstanding during the period. Diluted earnings per common share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity. Since the Company has only incurred losses, basic and diluted loss per share is the same. As of September 30, 2013 and 2012, there were no outstanding dilutive securities. | |||||||||
The following table represents the computation of basic and diluted losses per share: | |||||||||
Nine months | Nine months | ||||||||
ended Sept. 30, | ended Sept. 30, | ||||||||
2013 | 2012 | ||||||||
Loss available for common shareholder | $ | (265,620 | ) | $ | (60,869 | ) | |||
Basic and fully diluted loss per share | $ | (0.00 | ) | $ | (0.00 | ) | |||
Weighted average common shares outstanding - basic and diluted | 193,951,962 | 193,093,431 | |||||||
Net loss per share is based upon the weighted average shares of common stock outstanding. | |||||||||
Recent Accounting Pronouncements | ' | ||||||||
Recent Accounting Pronouncements | |||||||||
There are no recently issued accounting pronouncements that the Company has yet to adopt that are expected to have a material effect on its financial position, results of operations, or cash flows. |
Summary_of_Significant_Account2
Summary of Significant Accounting Policies (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Summary of Significant Accounting Policies [Abstract] | ' | ||||||||
Summary of computation of basic and diluted losses per share | ' | ||||||||
Nine months | Nine months | ||||||||
ended Sept. 30, | ended Sept. 30, | ||||||||
2013 | 2012 | ||||||||
Loss available for common shareholder | $ | (265,620 | ) | $ | (60,869 | ) | |||
Basic and fully diluted loss per share | $ | (0.00 | ) | $ | (0.00 | ) | |||
Weighted average common shares outstanding - basic and diluted | 193,951,962 | 193,093,431 |
Property_and_Equipment_Net_Tab
Property and Equipment - Net (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Summary of equipment | ' | ||||||||
September 30, | December 31, | ||||||||
2013 | 2012 | ||||||||
Motor vehicles | $ | 1,976 | $ | 1,976 | |||||
Machinery and equipment | 131,087 | 131,087 | |||||||
133,063 | 133,063 | ||||||||
Less accumulated depreciation | (27,074 | ) | (16,946 | ) | |||||
Total equipment - net | $ | 105,989 | $ | 116,117 |
Related_Party_Promissory_Note_
Related Party - Promissory Note (Tables) | 9 Months Ended | |||||||||||||
Sep. 30, 2013 | ||||||||||||||
Aggregate amount of $10,000 [Member] | ' | |||||||||||||
Related Party Transaction [Line Items] | ' | |||||||||||||
Schedule of related party demand notes payable | ' | |||||||||||||
Note | Principal | Rate | Accured interest | Maturity | ||||||||||
Promissory note 1 | $ | 6,000 | 7 | % | $ | 450 | 9/4/14 | |||||||
Promissory note 2 | $ | 2,000 | 7 | % | $ | 140 | 10/1/14 | |||||||
Promissory note 3 | $ | 2,000 | 7 | % | $ | 115 | 12/3/14 | |||||||
Total | $ | 10,000 | $ | 705 | ||||||||||
Aggregate amount of $32,954 [Member] | ' | |||||||||||||
Related Party Transaction [Line Items] | ' | |||||||||||||
Schedule of related party demand notes payable | ' | |||||||||||||
Note | Principal | Rate | Accured interest | Maturity | ||||||||||
Promissory note 1 | $ | 5,000 | 7 | % | $ | 384 | 7/25/14 | |||||||
Promissory note 2 | $ | 11,000 | 7 | % | $ | 724 | 10/22/14 | |||||||
Promissory note 3 | $ | 15,000 | 7 | % | $ | 892 | 11/24/14 | |||||||
Promissory note 4 | $ | 102 | 7 | % | $ | 75 | 10/22/14 | |||||||
Promissory note 5 | $ | 879 | 7 | % | $ | 52 | 11/24/14 | |||||||
Promissory note 6 | $ | 972 | 7 | % | $ | 85 | 7/25/14 | |||||||
Total | $ | 32,954 | $ | 2,212 | ||||||||||
Aggregate amount of $404 [Member] | ' | |||||||||||||
Related Party Transaction [Line Items] | ' | |||||||||||||
Schedule of related party demand notes payable | ' | |||||||||||||
Note | Principal | Rate | Accured interest | Maturity | ||||||||||
Promissory note 1 | $ | 234 | 7 | % | $ | 13 | 12/5/14 | |||||||
Promissory note 2 | $ | 170 | 7 | % | $ | 10 | 11/18/14 | |||||||
Promissory note 3 | $ | 4,100 | 7 | % | $ | 187 | 2/5/15 | |||||||
Promissory note 4 | $ | 2,000 | 7 | % | $ | 91 | 2/7/15 | |||||||
Total | $ | 6,504 | $ | 301 | ||||||||||
Aggregate amount of $18,000 [Member] | ' | |||||||||||||
Related Party Transaction [Line Items] | ' | |||||||||||||
Schedule of related party demand notes payable | ' | |||||||||||||
Note | Principal | Rate | Accured interest | Maturity | ||||||||||
Promissory note1 | $ | 8,000 | 7 | % | 302 | 3/18/15 | ||||||||
Promissory note 2 | $ | 10,000 | 7 | % | 426 | 2/21/13 | ||||||||
Total | $ | 18,000 | 728 |
Organization_Details
Organization (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Feb. 28, 2011 |
Common Stock [Member] | |||
Organization (Textual) | ' | ' | ' |
Number of shares right to receive in exchange of one share | ' | ' | 7,520 |
Number of shares issued to the holders of Powerdyne, Inc. | ' | ' | 188,000,000 |
Common stock, shares authorized | 300,000,000 | 300,000,000 | ' |
Common stock, par value (in dollars per share) | $0.00 | $0.00 | ' |
Summary_of_Significant_Account3
Summary of Significant Accounting Policies (Details) (USD $) | 3 Months Ended | 9 Months Ended | 11 Months Ended | 12 Months Ended | 44 Months Ended | |||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2010 | Dec. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | |
Summary of computation of basic and diluted losses per share | ' | ' | ' | ' | ' | ' | ' | ' |
Loss available for common shareholder | ($57,975) | ($22,610) | ($265,620) | ($83,479) | ($306,270) | ($127,971) | ($745,789) | ($1,445,650) |
Basic and fully diluted loss per share | $0 | $0 | $0 | $0 | ' | ' | ' | ' |
Weighted average common shares outstanding - basic and diluted | 193,945,498 | 193,216,667 | 193,951,962 | 193,093,431 | ' | ' | ' | ' |
Summary_of_Significant_Account4
Summary of Significant Accounting Policies (Details Textual) (USD $) | 9 Months Ended | 44 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | |
Summary of Significant Accounting Policies (Textual) | ' | ' | ' | ' |
Accumulated deficit | ($1,445,650) | ' | ($1,445,650) | ($1,180,030) |
Depreciation expense | 10,128 | 10,328 | 27,075 | ' |
Income taxes payable | $0 | ' | $0 | $956 |
Equipment [Member] | ' | ' | ' | ' |
Summary of Significant Accounting Policies (Textual) | ' | ' | ' | ' |
Estimated useful life | '10 years | ' | ' | ' |
Vehicles [Member] | ' | ' | ' | ' |
Summary of Significant Accounting Policies (Textual) | ' | ' | ' | ' |
Estimated useful life | '5 years | ' | ' | ' |
Property_and_Equipment_Net_Det
Property and Equipment - Net (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Property and Equipment | ' | ' |
Equipment, gross | $133,063 | $133,063 |
Less accumulated depreciation | -27,074 | -16,946 |
Total equipment - net | 105,989 | 116,117 |
Motor vehicles [Member] | ' | ' |
Property and Equipment | ' | ' |
Equipment, gross | 1,976 | 1,976 |
Machinery and equipment [Member] | ' | ' |
Property and Equipment | ' | ' |
Equipment, gross | $131,087 | $131,087 |
Property_and_Equipment_Net_Det1
Property and Equipment - Net (Details Textual) (USD $) | 9 Months Ended | 44 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | |
Property and Equipment - Net (Textual) | ' | ' | ' |
Depreciation expense | $10,128 | $10,328 | $27,075 |
Motor vehicles [Member] | ' | ' | ' |
Property and Equipment - Net (Textual) | ' | ' | ' |
Estimated useful life | 'P5Y | ' | ' |
Machinery and equipment [Member] | ' | ' | ' |
Property and Equipment - Net (Textual) | ' | ' | ' |
Estimated useful life | 'P10Y | ' | ' |
Common_Stock_Details
Common Stock (Details) (USD $) | 0 Months Ended | 9 Months Ended | 11 Months Ended | 12 Months Ended | 0 Months Ended | 3 Months Ended | 9 Months Ended | 0 Months Ended | 1 Months Ended | 11 Months Ended | |||||||
Oct. 14, 2013 | Jul. 02, 2013 | Jun. 27, 2013 | Sep. 30, 2013 | Dec. 31, 2010 | Dec. 31, 2012 | Dec. 13, 2010 | Feb. 07, 2011 | Dec. 13, 2010 | Mar. 31, 2012 | Sep. 30, 2013 | Dec. 11, 2011 | Feb. 08, 2011 | Feb. 28, 2011 | Jun. 30, 2010 | Dec. 31, 2010 | Feb. 08, 2011 | |
Arthur Read, II, Esq [Member] | Dale Euga [Member] | Dale Euga [Member] | 3 Consultants [Member] | 3 Consultants [Member] | Tiber Creek Corporation And Iraa Fin Service [Member] | Common Stock [Member] | Common Stock [Member] | Common Stock [Member] | Common Stock Subscribed [Member] | Common Stock Subscribed [Member] | |||||||
Private Placement [Member] | |||||||||||||||||
Common Stock (Textual) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of shares right to receive in exchange of one share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,520 | ' | ' | ' |
Stock issued for services rendered on behalf of Powerdyne Inc | 60,000 | 1,764,707 | 441,177 | ' | ' | ' | 12,000,000 | ' | ' | 500,000 | 2,205,884 | 2,000,000 | ' | ' | ' | ' | ' |
Per share value of stock issued for services | $0.10 | $0.07 | $0.07 | ' | ' | ' | $0.01 | ' | ' | $0.01 | $0.07 | $0.01 | $0.01 | ' | ' | ' | ' |
Stock issued during period value issued for services (in dollars) | $6,000 | $120,000 | $30,000 | $150,000 | $160,000 | $5,000 | $120,000 | ' | ' | $5,000 | $150,000 | $40,000 | ' | ' | ' | ' | ' |
Number of shares issued to the holders of Powerdyne, Inc. | ' | ' | ' | ' | ' | ' | ' | ' | 188,000,000 | ' | ' | ' | ' | 188,000,000 | ' | ' | ' |
Common stock, shares issued | ' | ' | ' | 195,422,551 | ' | 193,216,667 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 19,190,000 |
Stock sold to investor, minimum issue price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.01 | ' | ' |
Stock sold to investor, maximum issue price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.03 | ' | ' |
Common stock subscriptions receivable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 61,915 | ' |
Recapitalization shares contributed from reverse merger agreement (in shares) | ' | ' | ' | ' | ' | ' | ' | 84,526,666 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance pursuant to merger agreement for services - fair valued, shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 32,500,000 | ' | ' | ' | ' |
Allocated Share-based Compensation Expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 325,000 | ' | ' | ' | ' |
Capital raised pursuant to stockholder subscription agreements, shares | ' | ' | ' | ' | ' | 966,667 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 19,190,000 | ' |
Capital raised pursuant to stockholder subscription agreements | ' | ' | ' | ' | ' | $29,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | $191,900 | ' |
Note_Payable_Details
Note Payable (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||||
Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2013 | |
First Borrowing [Member] | First Borrowing [Member] | Second Borrowing [Member] | Second Borrowing [Member] | ||||
Subsequent Event [Member] | |||||||
Note Payable (Textual) | ' | ' | ' | ' | ' | ' | ' |
Notes Payable | $75,000 | $75,000 | ' | ' | ' | ' | ' |
Due to related party | 42,500 | 42,500 | ' | ' | ' | ' | ' |
Additional borrowings from related party | 32,500 | ' | ' | ' | ' | ' | ' |
Interest rate on note payable | 8.00% | 8.00% | ' | ' | ' | ' | ' |
Note payable conversion terms | ' | 'Any time after 180 days, the lender may convert all or some of the principal and accrued interest into common stock of the Company at a discount rate of 42% to the market. | ' | ' | ' | ' | ' |
Accrued interest | ' | ' | ' | $1,094 | $0 | $249 | $0 |
Related_Party_Promissory_Note_1
Related Party - Promissory Note (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 |
Aggregate amount of $10,000 [Member] | Promissory note 1 [Member] | Promissory note 2 [Member] | Promissory note 3 [Member] | |||
Aggregate amount of $10,000 [Member] | Aggregate amount of $10,000 [Member] | Aggregate amount of $10,000 [Member] | ||||
Schedule of demand notes payable | ' | ' | ' | ' | ' | ' |
Principal | $67,457 | $43,357 | $10,000 | $6,000 | $2,000 | $2,000 |
Rate | ' | ' | 7.00% | 7.00% | 7.00% | 7.00% |
Accrued interest | ' | ' | $705 | $450 | $140 | $115 |
Maturity | ' | ' | ' | 4-Sep-14 | 1-Oct-14 | 3-Dec-14 |
Related_Party_Promissory_Note_2
Related Party - Promissory Note (Details 1) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 |
Aggregate amount of $32,954 [Member] | Promissory note 1 [Member] | Promissory note 2 [Member] | Promissory note 3 [Member] | Promissory note 4 [Member] | Promissory note 5 [Member] | Promissory note 6 [Member] | |||
Aggregate amount of $32,954 [Member] | Aggregate amount of $32,954 [Member] | Aggregate amount of $32,954 [Member] | Aggregate amount of $32,954 [Member] | Aggregate amount of $32,954 [Member] | Aggregate amount of $32,954 [Member] | ||||
Schedule of demand notes payable | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Principal | $67,457 | $43,357 | $32,954 | $5,000 | $11,000 | $15,000 | $102 | $879 | $972 |
Rate | ' | ' | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% | 7.00% |
Accrued interest | ' | ' | $2,212 | $384 | $724 | $892 | $75 | $52 | $85 |
Maturity | ' | ' | ' | 25-Jul-14 | 22-Oct-14 | 24-Nov-14 | 22-Oct-14 | 24-Nov-14 | 25-Jul-14 |
Related_Party_Promissory_Note_3
Related Party - Promissory Note (Details 2) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Mar. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 |
Aggregate amount of $404 [Member] | Aggregate amount of $404 [Member] | Promissory note 1 [Member] | Promissory note 2 [Member] | Promissory note 3 [Member] | Promissory note 4 [Member] | |||
Aggregate amount of $404 [Member] | Aggregate amount of $404 [Member] | Aggregate amount of $404 [Member] | Aggregate amount of $404 [Member] | |||||
Schedule of demand notes payable | ' | ' | ' | ' | ' | ' | ' | ' |
Principal | $67,457 | $43,357 | $6,504 | $6,100 | $234 | $170 | $4,100 | $2,000 |
Rate | ' | ' | 7.00% | ' | 7.00% | 7.00% | 7.00% | 7.00% |
Accrued interest | ' | ' | $301 | ' | $13 | $10 | $187 | $91 |
Maturity | ' | ' | ' | ' | 5-Dec-14 | 18-Nov-14 | 5-Feb-15 | 7-Feb-15 |
Related_Party_Promissory_Note_4
Related Party - Promissory Note (Details 3) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Mar. 31, 2013 | Mar. 31, 2013 | Mar. 31, 2013 |
Aggregate amount of $18,000 [Member] | Promissory note 1 [Member] | Promissory note 2 [Member] | |||
Aggregate amount of $18,000 [Member] | Aggregate amount of $18,000 [Member] | ||||
Schedule of demand notes payable | ' | ' | ' | ' | ' |
Principal | $67,457 | $43,357 | $18,000 | $8,000 | $10,000 |
Rate | ' | ' | 7.00% | 7.00% | 7.00% |
Accrued interest | ' | ' | $728 | $302 | $426 |
Maturity | ' | ' | ' | 18-Mar-15 | 21-Feb-13 |
Related_Party_Promissory_Note_5
Related Party - Promissory Note (Details Textual) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Jun. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Mar. 31, 2013 | Dec. 31, 2012 | Mar. 31, 2013 |
Rent Agreement one [Member] | Rent Agreement one [Member] | Consultant agreement [Member] | Consultant agreement [Member] | Consultant agreement [Member] | Consultant agreement [Member] | Premises cleanup [Member] | Aggregate amount of $10,000 [Member] | Aggregate amount of $32,954 [Member] | Aggregate amount of $404 [Member] | Aggregate amount of $404 [Member] | Aggregate amount of $18,000 [Member] | |||
NotesPayable | NotesPayable | NotesPayable | NotesPayable | |||||||||||
Related Party (Textual) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of demand notes payable | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3 | 6 | ' | 2 | 2 |
Notes payable-related parties | $67,457 | $43,357 | ' | ' | ' | ' | ' | ' | ' | $10,000 | $32,954 | $6,100 | $6,504 | $18,000 |
Rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7.00% | 7.00% | ' | 7.00% | 7.00% |
Due to related parties | 13,250 | 5,600 | 3,600 | 3,600 | ' | 11,825 | 2,000 | ' | 325 | ' | ' | ' | ' | ' |
Amount paid to consultant | ' | ' | ' | ' | 2,175 | ' | ' | 12,000 | ' | ' | ' | ' | ' | ' |
Advances to stockholder | $11,321 | $11,321 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Commitments_and_Contingencies_
Commitments and Contingencies (Details) (USD $) | 0 Months Ended | 9 Months Ended | 11 Months Ended | 12 Months Ended | |||
Oct. 14, 2013 | Jul. 02, 2013 | Jun. 27, 2013 | Oct. 11, 2011 | Sep. 30, 2013 | Dec. 31, 2010 | Dec. 31, 2012 | |
Commitments and Contingencies (Textual) | ' | ' | ' | ' | ' | ' | ' |
Stock issued during period value issued for services (in dollars) | $6,000 | $120,000 | $30,000 | ' | $150,000 | $160,000 | $5,000 |
Per share value of stock issued for services | $0.10 | $0.07 | $0.07 | ' | ' | ' | ' |
Stock issued for services, shares | 60,000 | 1,764,707 | 441,177 | ' | ' | ' | ' |
Operating lease expiration date | ' | ' | ' | 31-Mar-12 | ' | ' | ' |
Lease renewal option, Description | ' | ' | ' | ' | 'The Company has the option to renew the lease for an additional three month term beginning April 1, 2012. Additional three month terms are renewable at the Company's option through December 2017. | ' | ' |
Monthly payments for lease agreement | ' | ' | ' | ' | 300 | ' | ' |
Financing Agreements [Member] | ' | ' | ' | ' | ' | ' | ' |
Commitments and Contingencies (Textual) | ' | ' | ' | ' | ' | ' | ' |
Percentage of offering amount in newly issued stock | ' | ' | ' | ' | 5.00% | ' | ' |
Term of finance agreement | ' | ' | ' | ' | 'The Company to make available to the venture capital group for purchase up to $3,000,000 in a "Registered Direct Offering" of the Company's common stock at 80% of market price under certain conditions. | ' | ' |
Former Employee [Member] | ' | ' | ' | ' | ' | ' | ' |
Commitments and Contingencies (Textual) | ' | ' | ' | ' | ' | ' | ' |
Reimbursement of expenses sought by the company under litigation settlement | ' | ' | ' | ' | 5,000 | ' | ' |
Additional expenses sought by the related party | ' | ' | ' | ' | $6,500 | ' | ' |
Subsequent_Events_Details
Subsequent Events (Details) (USD $) | 0 Months Ended | 9 Months Ended | 11 Months Ended | 12 Months Ended | ||
Oct. 14, 2013 | Jul. 02, 2013 | Jun. 27, 2013 | Sep. 30, 2013 | Dec. 31, 2010 | Dec. 31, 2012 | |
Subsequent Events (Textual) | ' | ' | ' | ' | ' | ' |
Per share value of stock issued for services | $0.10 | $0.07 | $0.07 | ' | ' | ' |
Stock issued for services rendered on behalf of Powerdyne Inc | 60,000 | 1,764,707 | 441,177 | ' | ' | ' |
Stock issued during period value issued for services (in dollars) | $6,000 | $120,000 | $30,000 | $150,000 | $160,000 | $5,000 |