Document and Entity Information
| Document and Entity Information - shares | 3 Months Ended | |
| Mar. 31, 2021 | May 17, 2021 | |
| Cover [Abstract] | ||
| Entity Registrant Name | CYBERLOQ TECHNOLOGIES, INC. | |
| Entity Central Index Key | 0001437517 | |
| Document Type | 10-Q | |
| Document Period End Date | Mar. 31, 2021 | |
| Amendment Flag | false | |
| Current Fiscal Year End Date | --12-31 | |
| Entity Current Reporting Status | Yes | |
| Entity Interactive Data Current | Yes | |
| Entity Filer Category | Non-accelerated Filer | |
| Entity Small Business Flag | true | |
| Entity Emerging Growth Company | false | |
| Entity Shell Company | false | |
| Entity Common Stock, Shares Outstanding | 76,894,515 | |
| Document Fiscal Period Focus | Q1 | |
| Document Fiscal Year Focus | 2021 |
Consolidated Condensed Balance
| Consolidated Condensed Balance Sheets - USD ($) | Mar. 31, 2021 | Dec. 31, 2020 |
| Current assets | ||
| Cash | $ 31,882 | $ 26,741 |
| Deposit | 700 | 700 |
| Total Current Assets | 32,582 | 27,441 |
| Total Assets | 32,582 | 27,441 |
| Current Liabilities | ||
| Accounts Payable and Accrued Expenses | 91,745 | 111,340 |
| Accrued interest | 10,695 | 5,524 |
| Note Payable - Stockholders | 35,000 | 35,000 |
| Note Payable-Related Party | 150,000 | 150,000 |
| Total Current Liabilities | 287,440 | 301,864 |
| Long Term Liabilities | ||
| SBA Loan Payable | 35,600 | 35,600 |
| Total Long Term Liabilities | 35,600 | 35,600 |
| Total Liabilities | 323,040 | 337,464 |
| Commitments and Contingencies | ||
| Stockholders' Equity | ||
| Common stock: $0.001 par value,100,000,000 shares authorized; 76,494,515 and 74,044,515 shares issued and outstanding, respectively | 76,495 | 74,045 |
| Preferred Stock $0.001 per value - 30,000 shares authorized; issued and outstanding, respectively | 30 | 30 |
| Shares to be Issued: 520,257 and 1,443,333 common shares respectively | 93,000 | 130,141 |
| Additional Paid in Capital | 4,809,032 | 4,652,124 |
| Accumulated Deficit | (5,269,015) | (5,166,362) |
| Total Stockholders' Equity | (290,458) | (310,023) |
| Total Liabilities and Stockholders' Equity | $ 32,582 | $ 27,441 |
Consolidated Condensed Balanc_2
| Consolidated Condensed Balance Sheets (Parenthetical) - $ / shares | Mar. 31, 2021 | Dec. 31, 2020 |
| Statement of Financial Position [Abstract] | ||
| Common stock, par value | $ 0.001 | $ 0.001 |
| Common stock, shares authorized | 100,000,000 | 100,000,000 |
| Common stock, shares issued | 76,494,515 | 74,044,515 |
| Common stock, shares outstanding | 76,494,515 | 74,044,515 |
| Preferred stock, par value | $ 0.001 | $ 0.001 |
| Preferred stock, shares authorized | 30,000 | 30,000 |
| Preferred stock, shares issued | 30,000 | 30,000 |
| Preferred stock, shares outstanding | 30,000 | 30,000 |
| Common shares to be issued | 520,257 | 1,443,333 |
Consolidated Condensed Statemen
| Consolidated Condensed Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | |
| Mar. 31, 2021 | Mar. 31, 2020 | |
| Revenue | ||
| Total Revenue | $ 300 | $ 8,140 |
| Operational Expense | ||
| Sales Commissions | 1,424 | 2,011 |
| Professional Fees | 15,796 | 12,861 |
| Research | 1,720 | 2,100 |
| Stock Compensation | 8,000 | |
| Officer's Compensation | 67,500 | 67,500 |
| Travel and Entertainment | 1,696 | 79 |
| Rent | 1,917 | 195 |
| Depreciation | 30,669 | |
| Computer and Internet | 1,194 | 2,955 |
| Office Supplies and Expenses | 1,158 | 3,287 |
| Other Operating Expenses | 1,159 | 881 |
| Total Operating Expenses | 93,264 | 130,538 |
| Loss from Operations | (93,264) | (122,398) |
| Other Income (Expense) | ||
| Interest | (5,171) | |
| Loss on settlement of payables | (4,218) | |
| Total Other Income (Expenses) | (9,389) | |
| Provision for Income Taxes | ||
| Net Loss | $ (102,653) | $ (122,398) |
| Loss per common share-Basic and diluted | $ 0 | $ 0 |
| Weighted Average Number of Common Shares Outstanding Basic and diluted | 75,594,515 | 69,181,182 |
| Service Revenue [Member] | ||
| Revenue | ||
| Total Revenue | $ 300 | $ 8,140 |
Consolidated Statements of Chan
| Consolidated Statements of Changes in Stockholders' Equity (Deficit) (Unaudited) - USD ($) | Common Stock (Issued) [Member] | Common Stock (Unissued) [Member] | Preferred Stock [Member] | Additional Paid-In Capital [Member] | Accumulated Deficit [Member] | Total |
| Balance at Dec. 31, 2019 | $ 68,132 | $ 307,000 | $ 30 | $ 4,148,371 | $ (4,183,091) | $ 340,442 |
| Balance, shares at Dec. 31, 2019 | 68,130,515 | 30,000 | ||||
| Proceeds from Issuance of Common Stock | $ 1,024 | $ 65,642 | $ 66,666 | |||
| Proceeds from Issuance of Common Stock, shares | 1,024,000 | |||||
| Common Stock issued for Services | $ 80 | $ 7,920 | $ 8,000 | |||
| Common Stock issued for Services, shares | 80,000 | |||||
| Stock subscriptions | $ 60,000 | $ 60,000 | ||||
| Common stock issued for stock subscription | ||||||
| Common stock issued for stock subscription, shares | ||||||
| Common stock issued for note payable | ||||||
| Common stock issued for note payable, shares | ||||||
| Common stock for cash | ||||||
| Common stock for cash,shares | ||||||
| Common stock issued for officer's fees | ||||||
| Common stock issued for officer's fees, shares | ||||||
| Common stock subscribed | ||||||
| Common stock subscribed, shares | ||||||
| Net loss for the period | $ (122,398) | $ (122,398) | ||||
| Balance at Mar. 31, 2020 | $ 69,236 | $ 367,000 | $ 30 | 4,221,933 | (4,305,489) | 352,710 |
| Balance, shares at Mar. 31, 2020 | 69,234,515 | 30,000 | ||||
| Proceeds from Issuance of Common Stock | ||||||
| Proceeds from Issuance of Common Stock, shares | ||||||
| Common Stock issued for Services | ||||||
| Common Stock issued for Services, shares | ||||||
| Stock subscriptions | ||||||
| Common stock issued for stock subscription | $ 2,650 | (265,000) | 262,350 | |||
| Common stock issued for stock subscription, shares | 2,650,000 | |||||
| Common stock issued for note payable | ||||||
| Common stock issued for note payable, shares | ||||||
| Common stock for cash | ||||||
| Common stock for cash,shares | ||||||
| Common stock issued for officer's fees | ||||||
| Common stock issued for officer's fees, shares | ||||||
| Common stock subscribed | ||||||
| Common stock subscribed, shares | ||||||
| Net loss for the period | $ (105,872) | $ (105,872) | ||||
| Balance at Jun. 30, 2020 | $ 71,886 | $ 102,000 | $ 30 | 4,484,283 | (4,411,361) | 246,838 |
| Balance, shares at Jun. 30, 2020 | 71,884,515 | 30,000 | ||||
| Proceeds from Issuance of Common Stock | ||||||
| Proceeds from Issuance of Common Stock, shares | ||||||
| Common Stock issued for Services | ||||||
| Common Stock issued for Services, shares | ||||||
| Stock subscriptions | ||||||
| Common stock issued for stock subscription | ||||||
| Common stock issued for stock subscription, shares | ||||||
| Common stock issued for note payable | $ 2,000 | $ 158,000 | $ 160,000 | |||
| Common stock issued for note payable, shares | 2,000,000 | |||||
| Common stock for cash | $ 10,000 | $ 10,000 | ||||
| Common stock for cash,shares | ||||||
| Common stock issued for officer's fees | $ 28,140 | $ 28,140 | ||||
| Common stock issued for officer's fees, shares | ||||||
| Common stock subscribed | ||||||
| Common stock subscribed, shares | ||||||
| Net loss for the period | $ (307,430) | $ (307,430) | ||||
| Balance at Sep. 30, 2020 | $ 73,886 | $ 140,140 | $ 30 | 4,642,283 | (4,718,791) | 137,549 |
| Balance, shares at Sep. 30, 2020 | 73,884,515 | 30,000 | ||||
| Proceeds from Issuance of Common Stock | ||||||
| Proceeds from Issuance of Common Stock, shares | ||||||
| Common Stock issued for Services | ||||||
| Common Stock issued for Services, shares | ||||||
| Stock subscriptions | ||||||
| Common stock issued for stock subscription | ||||||
| Common stock issued for stock subscription, shares | ||||||
| Common stock issued for note payable | ||||||
| Common stock issued for note payable, shares | ||||||
| Common stock for cash | ||||||
| Common stock for cash,shares | ||||||
| Common stock issued for officer's fees | ||||||
| Common stock issued for officer's fees, shares | ||||||
| Common stock subscribed | $ 160 | $ (10,000) | $ 9,840 | |||
| Common stock subscribed, shares | 160,000 | |||||
| Net loss for the period | $ (447,572) | $ (447,572) | ||||
| Balance at Dec. 31, 2020 | $ 74,046 | $ 130,140 | $ 30 | 4,652,123 | (4,718,791) | (310,023) |
| Balance, shares at Dec. 31, 2020 | 74,044,515 | 30,000 | ||||
| Proceeds from Issuance of Common Stock | ||||||
| Proceeds from Issuance of Common Stock, shares | ||||||
| Common Stock issued for Services | ||||||
| Common Stock issued for Services, shares | ||||||
| Stock subscriptions | $ 93,000 | $ 93,000 | ||||
| Common stock issued for stock subscription | ||||||
| Common stock issued for stock subscription, shares | ||||||
| Common stock issued for note payable | ||||||
| Common stock issued for note payable, shares | ||||||
| Common stock for cash | $ 250 | $ 19,750 | $ 20,000 | |||
| Common stock for cash,shares | 250,000 | |||||
| Common stock issued for officer's fees | $ 600 | $ (67,500) | $ 66,900 | |||
| Common stock issued for officer's fees, shares | 600,000 | |||||
| Common stock subscribed | $ 1,600 | $ (62,640) | $ 70,258 | $ 9,218 | ||
| Common stock subscribed, shares | 1,600,000 | |||||
| Net loss for the period | $ (102,653) | (102,653) | ||||
| Balance at Mar. 31, 2021 | $ 76,496 | $ 93,000 | $ 30 | $ 4,809,031 | $ (5,269,015) | $ (290,458) |
| Balance, shares at Mar. 31, 2021 | 76,494,515 | 30,000 |
Consolidated Condensed Statem_2
| Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | 12 Months Ended | |||
| Mar. 31, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2020 | |
| OPERATING ACTIVITIES | |||||
| Net loss | $ (102,653) | $ (447,572) | $ (105,872) | $ (122,398) | |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||||
| Depreciation | 30,669 | ||||
| Stock Compensation | 8,000 | ||||
| Loss on settlement of payables | 4,218 | ||||
| Change in Operating Assets and Liabilities: | |||||
| Increase (decrease) in accounts payable and accrued expenses | (14,595) | (22,359) | |||
| Increase (decrease) in accrued interest | 5,171 | ||||
| Increase (decrease) in customer prepayments | (6,249) | ||||
| Net Cash Used in Operating Activities | (107,859) | (112,337) | |||
| INVESTING ACTIVITIES | |||||
| Software | |||||
| Net cash provided by (used) in investing activities | |||||
| FINANCING ACTIVITIES | |||||
| Proceeds from Common Stock Issuance | 20,000 | 66,666 | |||
| Proceeds from Common Stock to be Issued | 93,000 | 70,000 | |||
| Repayment of Note Principal | (30,000) | ||||
| Proceeds from Note Payable | 40,000 | ||||
| Net Cash Provided by Financing Activities | 113,000 | 136,666 | |||
| Net Increase (Decrease) in Cash and Equivalents | 5,141 | 24,329 | |||
| Cash and Equivalents at Beginning of the Period | 26,741 | $ 24,965 | 636 | $ 636 | |
| Cash and Equivalents at End of the Period | 31,882 | $ 26,741 | 24,965 | $ 26,741 | |
| SUPPLEMENTAL CASH FLOW INFORMATION | |||||
| Interest Paid | |||||
| Income Taxes Paid | |||||
Summary of Significant Accounti
| Summary of Significant Accounting Policies | 3 Months Ended |
| Mar. 31, 2021 | |
| Accounting Policies [Abstract] | |
| Summary of Significant Accounting Policies | NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization and Nature of Business CyberloQ Technologies Inc. (“CLOQ”, ‘We” or the “Company”) is a development-stage technology company focused on fraud prevention and credit management. The Company was originally incorporated as Advanced Credit Technologies, Inc. in the State of Nevada on February 25, 2008. On November 20, 2019, the Company changed its name from Advanced Credit Technologies, Inc. to CyberloQ Technologies, Inc. The Company offers a proprietary software platform branded as CyberloQ®. While previously the Company licensed CyberloQ, in the third quarter of 2017, the Company acquired the CyberloQ technology and is now the exclusive owner of CyberloQ. CyberloQ is a banking fraud prevention technology that is offered to institutional clients in order to combat fraudulent transactions and unauthorized access to customer accounts. Through the use of a customer’s smart-phone, CyberloQ uses a multi-factor authentication system to control access to a bank card, transaction type or amount, website, database or digital service. The mobile applications for CyberloQ have been built, and have been successfully integrated into the banking ecosystem. The CyberloQ Vault is a “cloud based’ security protocol that allows clients the ability to send/receive secure data without having to use traditional e-mail which is prone to a breach. This CyberloQ service uses cloud-based encryption and a secure web portal to send/receive confidential data, the sender and receiver both must have authenticated their position within the prescribed geo coordinates as well as authenticate their mobile devices prior to sending/receiving any data. Thus, rendering a hack or breach utterly useless for the encrypted data is unusable without the CyberloQ authentication component. In addition to CyberloQ, the Company offers a web-based proprietary software platform under the brand name Turnscor® which allows customers to monitor and manage their credit from the privacy of their own homes. Although individuals can sign-up for Turnscor on their own, the Company also intends to market Turnscor to certain institutional clients, where appropriate, in conjunction with CyberloQ as a value-added benefit to offer their customers. Basis of Presentation The financial statements of the Company have been prepared using the accrual basis of accounting in accordance with generally accepted accounting principles in the United States of America and the rules of the Securities and Exchange Commission. All amounts are presented in U.S. dollars. The Company has adopted a December 31 fiscal year end. Certain information and note disclosures normally included in our annual financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted. These consolidated financial statements should be read in conjunction with a reading of the financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2020, as filed with the U.S. Securities and Exchange Commission. Principles of Consolidation – The consolidated financial statements include the accounts of the Company and its wholly-owned or controlled operating subsidiaries. All intercompany accounts and transactions have been eliminated. Use of Estimates In preparing these financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheets and revenues and expenses during the year reported. Actual results may differ from these estimates. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. Cash and Cash Equivalents Cash equivalents are comprised of certain highly liquid investments with maturities of three months or less when purchased. The Company maintains its cash in bank deposit accounts, which at times, may exceed federally insured limits. As of March 31, 2021, and December 31, 2020, the Company had no deposits in excess of federally-insured limits. Research and Development, Software Development Costs, and Internal Use Software Development Costs Software development costs are accounted for in accordance with ASC Topic No. 985. Software development costs are capitalized once technological feasibility of a product is established and such costs are determined to be recoverable. For products where proven technology exists, this may occur very early in the development cycle. Factors we consider in determining when technological feasibility has been established include (i) whether a proven technology exists; (ii) the quality and experience levels of the individuals developing the software; (iii) whether the software is similar to previously developed software which has used the same or similar technology; and (iv) whether the software is being developed with a proven underlying engine. Technological feasibility is evaluated on a product-by-product basis. Capitalized costs for those products that are canceled or abandoned are charged immediately to cost of sales. The recoverability of capitalized software development costs is evaluated on the expected performance of the specific products for which the costs relate. Internal use software development costs are accounted for in accordance with ASC Topic No. 350 which requires the capitalization of certain external and internal computer software costs incurred during the application development stage. The application development stage is characterized by software design and configuration activities, coding, testing and installation. Training costs and maintenance are expensed as incurred, while upgrades and enhancements are capitalized if it is probable that such expenditures will result in additional functionality. In accounting for website software development costs, we have adopted the provisions of ASC Topic No. 350. ASC Topic No. 350 provides that certain planning and training costs incurred in the development of website software be expensed as incurred, while application development stage costs are to be capitalized. During the three months ended March 31, 2021 and 2020, we expensed $1,720 and $2,100, respectively, for expenditures on research and development. None was paid to related parties. Fixed Assets, Intangibles and Long-Lived Assets The Company records its fixed assets at historical cost. The Company expenses maintenance and repairs as incurred. Upon disposition of fixed assets, the gross cost and accumulated depreciation are written off and the difference between the proceeds and the net book value is recorded as a gain or loss on sale of assets. The Company depreciates its fixed assets over their respective estimated useful lives ranging from three to fifteen years. The Company follows FASB ASC 360-10, “Property, Plant, and Equipment,” As of December 31, 2020, the Company wrote-off the book value of the Cyberloq technology software fixed asset and recorded software impairment expense of $321,725. As of March 31, 2021, the Company’s assets have no book value. Revenue Recognition Effective January 1, 2018, the Company adopted the requirements of ASU No. 2014-09, Revenue from Contracts with Customers: Topic 606 Revenue Recognition Policy Under ASC 606, the Company recognizes revenue upon transfer of control of promised products or services to customers in an amount that reflects the consideration the Company expects to receive in exchange for those products or services. To achieve the core principle of ASC 606, the Company performs the following steps: 1) Identify the contract(s) with a customer; 2) Identify the performance obligations in the contract; 3) Determine the transaction price; 4) Allocate the transaction price to the performance obligations in the contract; and 5) Recognize revenue when (or as) we satisfy a performance obligation. The Company derives its revenue from development, customization and user fees for the CyberloQ banking fraud technology products, including CyberloQ Vault, and from licensing fees for the TurnScor product. The revenue derived from the CyberloQ banking fraud technology products are comprised of two components. First, there is a development and customization fee paid to the Company to integrate CyberloQ with the banking institution or program manager’s ecosystem in order to add the CyberloQ authentication to the bank’s payment cards, website or digital service. This fee is customarily paid in multiple payments based upon the Company reaching certain milestones as set forth in the scope of work for each customer. Since completion of a milestone is subject to each customer’s approval, there are significant judgments involved in the determination of timing and satisfaction of performance obligations and the payments are recognized as revenue upon the completion of each milestone. Second, revenue from user fees are accrued monthly based over the number of individual card users each month. The revenue derived from CyberloQ Vault is also comprised of two components. First, there is a development and customization fee paid to the Company to build a customized cloud-based encryption and a secure web portal to send/receive confidential data. This fee is customarily paid in multiple payments based upon the Company reaching certain milestones as set forth in the scope of work for each customer. Since completion of a milestone is subject to each customer’s approval, there are significant judgments involved in the determination of timing and satisfaction of performance obligations and the payments are recognized as revenue over the completion of each milestone. Second, revenue from a monthly user fee is accrued monthly based upon the number of individual users of the product each month. License fees generated by the nonexclusive licensing of the Company’s TurnScor product are accrued monthly. As of March 31, 2021, and December 31, 2020, the Company had $0 in contract assets and contract liabilities. Accounts Receivable The Company extends credit to customers in the normal course of business. The allowance for doubtful accounts represents the Company’s best estimate of the amount of profitable credit losses in the Company’s existing accounts receivable. The Company determines the allowance based on specific customer information, historical write-off experience and current industry and economic data. Account balances are charged off against the allowance when the Company believes that it is probable that the receivable will not be recovered. Management believes that there are no concentrations of credit risk for which an allowance has not been established. Although management believes that the allowance is adequate, it is possible that the estimated amount of cash collections with respect to accounts receivable could change. As of December 31, 2020, the Company has deemed $40,000 uncollectible and this amount was recorded as bad debt expense. As of March 31, 2021, the Company had no outstanding accounts receivable. Fair Value Measurements For certain financial instruments, including accounts receivable, accounts payable, accrued expenses, interest payable, advances payable and notes payable, the carrying amounts approximate fair value due to their relatively short maturities. The Company has adopted FASB ASC 820-10, “Fair Value Measurements and Disclosures.” ● Level 1 inputs to the valuation methodology are quoted prices 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 asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. ● Level 3 inputs to the valuation methodology are unobservable and significant to the fair value measurement. The Company did not identify any other non-recurring assets and liabilities that are required to be presented in the balance sheets at fair value in accordance with FASB ASC 815. In February 2007, the FASB issued FAS No. 159, “The Fair Value Option for Financial Assets and Financial Liabilities,” “Financial Instruments.” Segment Reporting FASB ASC 280, “Segment Reporting” Advertising Advertising costs are expensed as incurred. Advertising expense for the three-months ended March 31, 2021 and 2020 were $500 and $0, respectively. Income Taxes Deferred income taxes are provided using the liability method (in accordance with ASC 740) whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carry forwards, and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all-of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of the changes in tax laws and rates of the date of enactment. When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Applicable interest and penalties associated with unrecognized tax benefits are classified as additional income taxes in the statements of operations. The Company is not aware of uncertain tax positions. Earnings (Loss) Per Share Earnings per share is calculated in accordance with the FASB ASC 260-10, “Earnings Per Share.” Basic earnings (loss) per share is based upon the weighted average number of common shares outstanding. Diluted earnings (loss) per share is based on the assumption that all dilutive convertible shares and stock options were converted or exercised. Dilution is computed by applying the treasury stock method. Under this method, options and warrants are assumed to be exercised at the beginning of the period (or at the time of issuance, if later), and as if funds obtained thereby were used to purchase common stock at the average market price during the period. At March 31, 2021 and December 31, 2020, the Company has no warrants or options outstanding. The computation of earnings per share of common stock is based on the weighted average number of shares outstanding at the date of the financial statements. Stock Based Compensation The Company adopted FASB ASC Topic 718 – Compensation – Stock Compensation (formerly SFAS 123R), which establishes the use of the fair value-based method of accounting for stock-based compensation arrangements under which compensation cost is determined using the fair value of stock-based compensation determined as of the date of grant and is recognized over the periods in which the related services are rendered. For stock-based compensation, the Company recognizes an expense in accordance with FASB ASC Topic 718 and values the equity securities based on the fair value of the security on the date of grant. Stock option and warrant awards are valued using the Black-Scholes option-pricing model, which according to ASC 820-10 is a level 3 value on the hierarchy. Black Scholes assumptions were calculated using stock price at grant date between $0.29 to $0.149; exercise prices between $0.15 to $0.20: life expectancy between ½ year to 5 years; and volatility ranging from 163% to 68%. Leases FASB issued ASU No. 2016-02, Leases (Topic 842) The Company has made an accounting policy election not to recognize right of use assets and lease liabilities that arise from short term leases for any class of asset. In June, 2020, the Company entered into a 12-month lease for office space at a rate of $426 per month, and paid a deposit of $500. In September 2020, the Company moved to a different suite, the lease was amended to a rate of $639 per month, beginning on October 1, 2020. The Company paid an additional deposit of $200. |
Fixed Assets
| Fixed Assets | 3 Months Ended |
| Mar. 31, 2021 | |
| Property, Plant and Equipment [Abstract] | |
| Fixed Assets | NOTE 2 – FIXED ASSETS Software and computer equipment, recorded at cost, consisted of the following: March 31, 2020 December 31, 2020 Software and computer equipment $ - $ 736,509 Less: accumulated depreciation - (414,765 ) Impairment expense - (321,735 ) Property and equipment, net $ - $ - Depreciation expense was $0 and $30,669 for the three months ended March 31, 2021 and 2020, respectively. |
Going Concern
| Going Concern | 3 Months Ended |
| Mar. 31, 2021 | |
| Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
| Going Concern | NOTE 3 – GOING CONCERN The Company has incurred losses since Inception resulting in an accumulated deficit of $5,269,015 as of March 31, 2021 that includes a loss of $102,653 for the three months ended March 31, 2021. Further losses are anticipated in the development of its business. Accordingly, there is substantial doubt about the entity’s ability to continue as a going concern within one year after the financial statements are issued. The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate continuation of the Company as a going concern. The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that could result from the outcome of this uncertainty. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and, or, obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses. The Company intends to position itself so that it may be able to raise additional funds through the capital markets. In light of management’s efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern. |
Stockholders' Equity
| Stockholders' Equity | 3 Months Ended |
| Mar. 31, 2021 | |
| Equity [Abstract] | |
| Stockholders' Equity | NOTE 4 – STOCKHOLDERS’ EQUITY Common Stock The Company has 100,000,000 shares of $.001 par value common stock authorized as of March 31, 2021 and December 31, 2020. During the quarter ended March 31, 2021, the Company received $20,000 in payment for 250,000 shares of common stock; received $93,000 for 4,650,000 recorded as “shares to be issued” and issued 600,000 shares for officers and directors shares previously disclosed as “shares to be issued”. Additionally, the Company renegotiated an agreement with a prior director resulting in an increase in shares to be issued per the agreement from 923,076, which were previously disclosed in “shares to be issued” to 1,600,000, additionally $5,000 in accrued expense owed to the prior director was settled resulting in a loss on settlement of $4,218, the shares were issued during the quarter. During the quarter ended March 31, 2020, the Company received $66,666 in payment for 1,024,000 shares of common stock and issued 80,000 shares of common stock for services valued at $8,000. Additionally, the Company received $60,000 for a stock subscription for 923,076 shares of common stock. Preferred Stock The Company did not have any preferred stock prior to 2017. In April of 2017, the Company amended its articles of incorporation to create a new class of stock designated Series A Super Voting Preferred Stock consisting of thirty-thousand (30,000) shares at par value of $0.001 per share. Certain rights, preferences, privileges and restrictions were established for the Series A Preferred Stock as follows: (a) the amount to be represented in stated capital at all times for each share of Series A Preferred Stock shall be its par value of $0.001 per share; (b) except as otherwise required by law, holders of shares of Series A Preferred Stock shall vote together with the common stock as a single class and the holders of Series A Preferred Stock shall be entitled to five-thousand (5,000) votes per share of Series A Preferred Stock; and (c) in the event of any liquidation, dissolution or winding-up of the Company, either voluntary or involuntary, the holders of the Series A Preferred Stock shall be entitled to receive, prior and in preference to any distribution of assets of the Corporation to the holders of the common stock, the original purchase price paid for the Series A Preferred Stock. All 30,000 shares of the Series A Super Voting Preferred Stock were issued in 2017. |
SBA EIDL Loan
| SBA EIDL Loan | 3 Months Ended |
| Mar. 31, 2021 | |
| Long Term Liabilities | |
| SBA EIDL Loan | NOTE 5 – SBA EIDL Loan On June 9, 2020, the Company received an Economic Injury Disaster Loan from the Small Business Administration in the amount of $35,600. The loan has a term of thirty years and an interest rate of 3.75% per annum. Payments in the amount of $174 monthly will begin twelve months from the date of the note. On April 30, 2020 the Company received a grant from the Small Business Administration in the amount of $3,000. |
Commitments
| Commitments | 3 Months Ended |
| Mar. 31, 2021 | |
| Commitments and Contingencies Disclosure [Abstract] | |
| Commitments | NOTE 6 – COMMITMENTS In June 2020, the Company entered into a 12-month lease for office space at 871 Venetia Bay Blvd Suite #202 Venice, FL 34285. The monthly rent is $426 per month. The Company paid a deposit of $500 and the first month rent of $426 for July in June 2020. All conditions have been met and paid by the Company. In September 2020, the lease was amended as the Company moved to Suite #228. The amended monthly rent is $639 per month. The Company paid an additional deposit of $200 for the new suite. In 2015, in conjunction with a proposed TurnScor Card platform, the Company signed Investor Royalty and Warrant Agreements with four parties. In exchange for the funds contributed by the four parties, the Company agreed to: 1. Pay the investors monthly residuals of 2.0% to 5% per month on the gross revenue after expenses generated by the Company’s primary platform in conjunction with the Company’s TurnScor Card; 2. Pay the investors a residual in perpetuity on 2% to 5% of all TurnScor Card sub-platform revenue generated; and 3. Issue warrants to investors all of which have either been exercised or expired, except for one individual that has one unexercised warrant to purchase 250,000 shares of common stock at $0.20 per share that expires in November of 2020. The Company does not plan to proceed with the TurnScor Card at this time. An agreement with a shareholder and director of the Company stating that the executive will be entitled to a two-and-a half-percent (2.5%) commission of the gross revenue recorded by the Company for any customer contracts that are closed by the Company at the time of and during the duration of the agreement. These commissions are payable quarterly upon receipt of customer revenues. An agreement with two sales managers granting each manager a 1% commission on the gross revenue of the Company. These commissions are payable quarterly upon receipt of customer revenues. |
Related Party Transactions
| Related Party Transactions | 3 Months Ended |
| Mar. 31, 2021 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions | NOTE 7 – RELATED PARTY TRANSACTIONS Issuance of Warrants/Options All warrants and options are fully vested and exercisable. The following is a summary of the warrants issued in connection with common stock: Weighted Avg Price Weighted Avg Life January 1, 2020 250,000 $ .20 .92 Granted - Exercised - Forfeited (250,000 ) December 31, 2020 - $ Granted - Exercised - Forfeited - March 31, 2021 - $ The following is a summary of the options issued in connection with common stock: During 2016 and 2017, a director of the Company was issued two warrants to acquire a total of 1,250,000 shares of common stock. One warrant to acquire 625,000 shares of common stock expired on June 19, 2018, and the other warrant to acquire 625,000 shares of common stock expired on June 28, 2019. Both warrants were exercisable at $0.20 per share. During 2018, the Company revalued the warrants based on information that caused a recalculation of the 1,250,000 warrants value from $51,592, as disclosed in the December 31, 2017 footnote, to the corrected amount of $96,643. This re-valuation had no material impact on 2017, given that the majority of expense was recorded in 2018 and 2019. For 2020 and 2019, stock compensation expense for warrants was $0 and $18,570, respectively, and all outstanding warrants have been fully expensed. Related Parties and Stockholders Notes Payable The following is a summary of related party notes payable: For the Periods Ended March 31, 2021 December 31, 2020 Notes payable – stockholders $ 35,000 $ 35,000 Notes payable – related parties $ 150,000 $ 150,000 Notes Payable - Stockholders On December 29, 2014, the Company entered into a partially-convertible promissory note with a stockholder in the amount of $35,000. In January of 2015, the shareholder partially-exercised its conversion option, and in May of 2016 the shareholder exercised the remainder of its conversion option. In December 2017, the remaining unpaid principal and interest due on the note was settled in full for a $50,000 note and the Company recognized $151,324 in gain on settlement of debt. The $50,000 note has a current principal balance of $35,000, a stated interest rate of 0%, required payments of $5,000 on or before June 10, 2019, $5,000 on or before August 10, 2019 and the remainder due by the extended due date of September 15, 2019. As of March 31, 2021, the payments due have not been extended, and the Company plans to repay the notes in 2021. Notes Payable - Related Parties On November 7, 2019, the Company received a promissory note from a director in the amount of $30,000, with an interest rate of 0%. The loan was repaid in February 2020. On March 24, 2020, the Company received a loan from a director in the amount of $40,000, with an interest rate of 0%. The maturity date for the loan is June 30, 2020. On July 7, 2020, 2,000,000 shares of stock were issued to retire the loan resulting in a loss on extinguishment of debt of $120,000. On August 8, 2020, the Company received a promissory note from a director in the amount of $25,000, with an interest rate of 0% and a maturity date of September 10, 2020. On September 9, 2020, the promissory note was amended to increase the interest rate to 12.5% and amend the final maturity date to August 1, 2021. Beginning March 1, 2021, the Company is required to make six equal monthly principal payments plus accrued interest. On September 9, 2020, the Company received a promissory note from a director in the amount of $100,000, with an interest rate of 12.5%. The maturity date for the loan is August 1, 2021. Beginning March 1, 2021, the Company is required to make monthly payments in the amount of $18,750, ending on August 1, 2021. On December 28, 2020, the Company received a promissory note from a director in the amount of $25,000, with an interest rate of 12.5% and a maturity date of October 1, 2021. |
Subsequent Events
| Subsequent Events | 3 Months Ended |
| Mar. 31, 2021 | |
| Subsequent Events [Abstract] | |
| Subsequent Events | NOTE 8 – SUBSEQUENT EVENTS In April of 2021, the Company entered into a 12-month lease for office space at a rate of $729.53 per month, and paid a deposit of $685. On April 20, 2021, the Company entered into a subscription agreement to issue 100,000 shares of common stock for $12,000. On April 22, 2021, the Company entered into a subscription agreement to issue 300,000 shares of common stock for $36,000. The Company is not aware of any other subsequent events through the date of this filing that require disclosure or recognition in these financial statements. |
Summary of Significant Accoun_2
| Summary of Significant Accounting Policies (Policies) | 3 Months Ended |
| Mar. 31, 2021 | |
| Accounting Policies [Abstract] | |
| Organization and Nature of Business | Organization and Nature of Business CyberloQ Technologies Inc. (“CLOQ”, ‘We” or the “Company”) is a development-stage technology company focused on fraud prevention and credit management. The Company was originally incorporated as Advanced Credit Technologies, Inc. in the State of Nevada on February 25, 2008. On November 20, 2019, the Company changed its name from Advanced Credit Technologies, Inc. to CyberloQ Technologies, Inc. The Company offers a proprietary software platform branded as CyberloQ®. While previously the Company licensed CyberloQ, in the third quarter of 2017, the Company acquired the CyberloQ technology and is now the exclusive owner of CyberloQ. CyberloQ is a banking fraud prevention technology that is offered to institutional clients in order to combat fraudulent transactions and unauthorized access to customer accounts. Through the use of a customer’s smart-phone, CyberloQ uses a multi-factor authentication system to control access to a bank card, transaction type or amount, website, database or digital service. The mobile applications for CyberloQ have been built, and have been successfully integrated into the banking ecosystem. The CyberloQ Vault is a “cloud based’ security protocol that allows clients the ability to send/receive secure data without having to use traditional e-mail which is prone to a breach. This CyberloQ service uses cloud-based encryption and a secure web portal to send/receive confidential data, the sender and receiver both must have authenticated their position within the prescribed geo coordinates as well as authenticate their mobile devices prior to sending/receiving any data. Thus, rendering a hack or breach utterly useless for the encrypted data is unusable without the CyberloQ authentication component. In addition to CyberloQ, the Company offers a web-based proprietary software platform under the brand name Turnscor® which allows customers to monitor and manage their credit from the privacy of their own homes. Although individuals can sign-up for Turnscor on their own, the Company also intends to market Turnscor to certain institutional clients, where appropriate, in conjunction with CyberloQ as a value-added benefit to offer their customers. |
| Basis of Presentation | Basis of Presentation The financial statements of the Company have been prepared using the accrual basis of accounting in accordance with generally accepted accounting principles in the United States of America and the rules of the Securities and Exchange Commission. All amounts are presented in U.S. dollars. The Company has adopted a December 31 fiscal year end. Certain information and note disclosures normally included in our annual financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted. These consolidated financial statements should be read in conjunction with a reading of the financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2020, as filed with the U.S. Securities and Exchange Commission. Principles of Consolidation – The consolidated financial statements include the accounts of the Company and its wholly-owned or controlled operating subsidiaries. All intercompany accounts and transactions have been eliminated. |
| Use of Estimates | Use of Estimates In preparing these financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheets and revenues and expenses during the year reported. Actual results may differ from these estimates. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. |
| Cash and Cash Equivalents | Cash and Cash Equivalents Cash equivalents are comprised of certain highly liquid investments with maturities of three months or less when purchased. The Company maintains its cash in bank deposit accounts, which at times, may exceed federally insured limits. As of March 31, 2021, and December 31, 2020, the Company had no deposits in excess of federally-insured limits. |
| Research and Development, Software Development Costs, and Internal Use Software Development Costs | Research and Development, Software Development Costs, and Internal Use Software Development Costs Software development costs are accounted for in accordance with ASC Topic No. 985. Software development costs are capitalized once technological feasibility of a product is established and such costs are determined to be recoverable. For products where proven technology exists, this may occur very early in the development cycle. Factors we consider in determining when technological feasibility has been established include (i) whether a proven technology exists; (ii) the quality and experience levels of the individuals developing the software; (iii) whether the software is similar to previously developed software which has used the same or similar technology; and (iv) whether the software is being developed with a proven underlying engine. Technological feasibility is evaluated on a product-by-product basis. Capitalized costs for those products that are canceled or abandoned are charged immediately to cost of sales. The recoverability of capitalized software development costs is evaluated on the expected performance of the specific products for which the costs relate. Internal use software development costs are accounted for in accordance with ASC Topic No. 350 which requires the capitalization of certain external and internal computer software costs incurred during the application development stage. The application development stage is characterized by software design and configuration activities, coding, testing and installation. Training costs and maintenance are expensed as incurred, while upgrades and enhancements are capitalized if it is probable that such expenditures will result in additional functionality. In accounting for website software development costs, we have adopted the provisions of ASC Topic No. 350. ASC Topic No. 350 provides that certain planning and training costs incurred in the development of website software be expensed as incurred, while application development stage costs are to be capitalized. During the three months ended March 31, 2021 and 2020, we expensed $1,720 and $2,100, respectively, for expenditures on research and development. None was paid to related parties. |
| Fixed Assets, Intangibles and Long-Lived Assets | Fixed Assets, Intangibles and Long-Lived Assets The Company records its fixed assets at historical cost. The Company expenses maintenance and repairs as incurred. Upon disposition of fixed assets, the gross cost and accumulated depreciation are written off and the difference between the proceeds and the net book value is recorded as a gain or loss on sale of assets. The Company depreciates its fixed assets over their respective estimated useful lives ranging from three to fifteen years. The Company follows FASB ASC 360-10, “Property, Plant, and Equipment,” As of December 31, 2020, the Company wrote-off the book value of the Cyberloq technology software fixed asset and recorded software impairment expense of $321,725. As of March 31, 2021, the Company’s assets have no book value. |
| Revenue Recognition | Revenue Recognition Effective January 1, 2018, the Company adopted the requirements of ASU No. 2014-09, Revenue from Contracts with Customers: Topic 606 Revenue Recognition Policy Under ASC 606, the Company recognizes revenue upon transfer of control of promised products or services to customers in an amount that reflects the consideration the Company expects to receive in exchange for those products or services. To achieve the core principle of ASC 606, the Company performs the following steps: 1) Identify the contract(s) with a customer; 2) Identify the performance obligations in the contract; 3) Determine the transaction price; 4) Allocate the transaction price to the performance obligations in the contract; and 5) Recognize revenue when (or as) we satisfy a performance obligation. The Company derives its revenue from development, customization and user fees for the CyberloQ banking fraud technology products, including CyberloQ Vault, and from licensing fees for the TurnScor product. The revenue derived from the CyberloQ banking fraud technology products are comprised of two components. First, there is a development and customization fee paid to the Company to integrate CyberloQ with the banking institution or program manager’s ecosystem in order to add the CyberloQ authentication to the bank’s payment cards, website or digital service. This fee is customarily paid in multiple payments based upon the Company reaching certain milestones as set forth in the scope of work for each customer. Since completion of a milestone is subject to each customer’s approval, there are significant judgments involved in the determination of timing and satisfaction of performance obligations and the payments are recognized as revenue upon the completion of each milestone. Second, revenue from user fees are accrued monthly based over the number of individual card users each month. The revenue derived from CyberloQ Vault is also comprised of two components. First, there is a development and customization fee paid to the Company to build a customized cloud-based encryption and a secure web portal to send/receive confidential data. This fee is customarily paid in multiple payments based upon the Company reaching certain milestones as set forth in the scope of work for each customer. Since completion of a milestone is subject to each customer’s approval, there are significant judgments involved in the determination of timing and satisfaction of performance obligations and the payments are recognized as revenue over the completion of each milestone. Second, revenue from a monthly user fee is accrued monthly based upon the number of individual users of the product each month. License fees generated by the nonexclusive licensing of the Company’s TurnScor product are accrued monthly. As of March 31, 2021, and December 31, 2020, the Company had $0 in contract assets and contract liabilities. |
| Accounts Receivable | Accounts Receivable The Company extends credit to customers in the normal course of business. The allowance for doubtful accounts represents the Company’s best estimate of the amount of profitable credit losses in the Company’s existing accounts receivable. The Company determines the allowance based on specific customer information, historical write-off experience and current industry and economic data. Account balances are charged off against the allowance when the Company believes that it is probable that the receivable will not be recovered. Management believes that there are no concentrations of credit risk for which an allowance has not been established. Although management believes that the allowance is adequate, it is possible that the estimated amount of cash collections with respect to accounts receivable could change. As of December 31, 2020, the Company has deemed $40,000 uncollectible and this amount was recorded as bad debt expense. As of March 31, 2021, the Company had no outstanding accounts receivable. |
| Fair Value Measurements | Fair Value Measurements For certain financial instruments, including accounts receivable, accounts payable, accrued expenses, interest payable, advances payable and notes payable, the carrying amounts approximate fair value due to their relatively short maturities. The Company has adopted FASB ASC 820-10, “Fair Value Measurements and Disclosures.” ● Level 1 inputs to the valuation methodology are quoted prices 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 asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. ● Level 3 inputs to the valuation methodology are unobservable and significant to the fair value measurement. The Company did not identify any other non-recurring assets and liabilities that are required to be presented in the balance sheets at fair value in accordance with FASB ASC 815. In February 2007, the FASB issued FAS No. 159, “The Fair Value Option for Financial Assets and Financial Liabilities,” “Financial Instruments.” |
| Segment Reporting | Segment Reporting FASB ASC 280, “Segment Reporting” |
| Advertising | Advertising Advertising costs are expensed as incurred. Advertising expense for the three-months ended March 31, 2021 and 2020 were $500 and $0, respectively. |
| Income Taxes | Income Taxes Deferred income taxes are provided using the liability method (in accordance with ASC 740) whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carry forwards, and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all-of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of the changes in tax laws and rates of the date of enactment. When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Applicable interest and penalties associated with unrecognized tax benefits are classified as additional income taxes in the statements of operations. The Company is not aware of uncertain tax positions. |
| Earnings (Loss) Per Share | Earnings (Loss) Per Share Earnings per share is calculated in accordance with the FASB ASC 260-10, “Earnings Per Share.” Basic earnings (loss) per share is based upon the weighted average number of common shares outstanding. Diluted earnings (loss) per share is based on the assumption that all dilutive convertible shares and stock options were converted or exercised. Dilution is computed by applying the treasury stock method. Under this method, options and warrants are assumed to be exercised at the beginning of the period (or at the time of issuance, if later), and as if funds obtained thereby were used to purchase common stock at the average market price during the period. At March 31, 2021 and December 31, 2020, the Company has no warrants or options outstanding. The computation of earnings per share of common stock is based on the weighted average number of shares outstanding at the date of the financial statements. |
| Stock Based Compensation | Stock Based Compensation The Company adopted FASB ASC Topic 718 – Compensation – Stock Compensation (formerly SFAS 123R), which establishes the use of the fair value-based method of accounting for stock-based compensation arrangements under which compensation cost is determined using the fair value of stock-based compensation determined as of the date of grant and is recognized over the periods in which the related services are rendered. For stock-based compensation, the Company recognizes an expense in accordance with FASB ASC Topic 718 and values the equity securities based on the fair value of the security on the date of grant. Stock option and warrant awards are valued using the Black-Scholes option-pricing model, which according to ASC 820-10 is a level 3 value on the hierarchy. Black Scholes assumptions were calculated using stock price at grant date between $0.29 to $0.149; exercise prices between $0.15 to $0.20: life expectancy between ½ year to 5 years; and volatility ranging from 163% to 68%. |
| Leases | Leases FASB issued ASU No. 2016-02, Leases (Topic 842) The Company has made an accounting policy election not to recognize right of use assets and lease liabilities that arise from short term leases for any class of asset. In June, 2020, the Company entered into a 12-month lease for office space at a rate of $426 per month, and paid a deposit of $500. In September 2020, the Company moved to a different suite, the lease was amended to a rate of $639 per month, beginning on October 1, 2020. The Company paid an additional deposit of $200. |
Fixed Assets (Tables)
| Fixed Assets (Tables) | 3 Months Ended |
| Mar. 31, 2021 | |
| Property, Plant and Equipment [Abstract] | |
| Schedule of Property and Equipment | Software and computer equipment, recorded at cost, consisted of the following: March 31, 2020 December 31, 2020 Software and computer equipment $ - $ 736,509 Less: accumulated depreciation - (414,765 ) Impairment expense - (321,735 ) Property and equipment, net $ - $ - |
Related Party Transactions (Tab
| Related Party Transactions (Tables) | 3 Months Ended |
| Mar. 31, 2021 | |
| Related Party Transactions [Abstract] | |
| Summary of Warrants Issued | The following is a summary of the warrants issued in connection with common stock: Weighted Avg Price Weighted Avg Life January 1, 2020 250,000 $ .20 .92 Granted - Exercised - Forfeited (250,000 ) December 31, 2020 - $ Granted - Exercised - Forfeited - March 31, 2021 - $ |
| Schedule of Related Party Loans Payable | The following is a summary of related party notes payable: For the Periods Ended March 31, 2021 December 31, 2020 Notes payable – stockholders $ 35,000 $ 35,000 Notes payable – related parties $ 150,000 $ 150,000 |
Summary of Significant Accoun_3
| Summary of Significant Accounting Policies (Details Narrative) | 1 Months Ended | 3 Months Ended | 12 Months Ended | ||
| Sep. 30, 2020USD ($) | Jun. 30, 2020USD ($) | Mar. 31, 2021USD ($)Segment$ / sharesshares | Mar. 31, 2020USD ($) | Dec. 31, 2020USD ($)shares | |
| Cash FDIC insured amount | |||||
| Research and development expense | 1,720 | $ 2,100 | |||
| Software Impairment | 321,725 | ||||
| Contract asset | 0 | 0 | |||
| Contract liability | $ 0 | 0 | |||
| Bad debt | $ 40,000 | ||||
| Operating segment | Segment | 1 | ||||
| Advertising expense | $ 500 | $ 0 | |||
| Office space lease | $ 639 | $ 426 | $ 426 | ||
| Deposit paid | $ 200 | $ 500 | |||
| Stock Option and Warrant Awards [Member] | |||||
| Computation of earnings per share, amount | shares | |||||
| Volatility, minimum | 163.00% | ||||
| Volatility, maximum | 68.00% | ||||
| Stock Option and Warrant Awards [Member] | Minimum [Member] | |||||
| Stock price | $ / shares | $ 0.29 | ||||
| Exercise prices | $ / shares | $ 0.15 | ||||
| Life expectancy | 6 months | ||||
| Stock Option and Warrant Awards [Member] | Maximum [Member] | |||||
| Stock price | $ / shares | $ 0.149 | ||||
| Exercise prices | $ / shares | $ 0.20 | ||||
| Life expectancy | 5 years | ||||
Fixed Assets (Details Narrative
| Fixed Assets (Details Narrative) - USD ($) | 3 Months Ended | |
| Mar. 31, 2021 | Mar. 31, 2020 | |
| Property, Plant and Equipment [Abstract] | ||
| Depreciation expense | $ 30,669 | |
Fixed Assets - Schedule of Prop
| Fixed Assets - Schedule of Property and Equipment (Details) - USD ($) | Mar. 31, 2021 | Dec. 31, 2020 |
| Property, Plant and Equipment [Abstract] | ||
| Software and computer equipment | $ 736,509 | |
| Less: Accumulated depreciation | (414,765) | |
| Impairment expense | (321,735) | |
| Property and equipment, net |
Going Concern (Details Narrativ
| Going Concern (Details Narrative) - USD ($) | 3 Months Ended | ||||
| Mar. 31, 2021 | Dec. 31, 2020 | Sep. 30, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | |
| Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||||
| Accumulated deficit | $ (5,269,015) | $ (5,166,362) | |||
| Net loss | $ (102,653) | $ (447,572) | $ (307,430) | $ (105,872) | $ (122,398) |
Stockholders' Equity (Details N
| Stockholders' Equity (Details Narrative) - USD ($) | 1 Months Ended | 3 Months Ended | |||||
| Apr. 30, 2017 | Mar. 31, 2021 | Dec. 31, 2020 | Sep. 30, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2017 | |
| Class of Stock [Line Items] | |||||||
| Common stock shares authorized | 100,000,000 | 100,000,000 | |||||
| Common stock par value | $ 0.001 | $ 0.001 | |||||
| Number of common shares issued during period, value | $ 66,666 | ||||||
| Number of common shares issued during period | |||||||
| Accrued Expenses | $ 5,000 | ||||||
| Loss on settlement | $ 4,218 | ||||||
| Stock issued for services, shares | |||||||
| Stock issued for services, amount | $ 8,000 | ||||||
| Common stock, shares issued | 76,494,515 | 74,044,515 | |||||
| Common stock, shares outstanding | 76,494,515 | 74,044,515 | |||||
| Preferred stock, shares authorized | 30,000 | 30,000 | |||||
| Preferred stock, par value | $ 0.001 | $ 0.001 | |||||
| Preferred stock, shares issued | 30,000 | 30,000 | |||||
| Stock Subscription [Member] | |||||||
| Class of Stock [Line Items] | |||||||
| Number of common shares issued during period, value | $ 60,000 | ||||||
| Number of common shares issued during period | 923,076 | ||||||
| Common Stock (Issued) [Member] | |||||||
| Class of Stock [Line Items] | |||||||
| Number of common shares issued during period, value | $ 1,024 | ||||||
| Number of common shares issued during period | 1,024,000 | ||||||
| Stock issued for services, shares | 80,000 | ||||||
| Stock issued for services, amount | $ 80 | ||||||
| Officers and directors [Member] | Common Stock (Issued) [Member] | |||||||
| Class of Stock [Line Items] | |||||||
| Number of common shares to be issued, shares | 600,000 | ||||||
| Common Stock (Issued) [Member] | |||||||
| Class of Stock [Line Items] | |||||||
| Number of common shares issued during period, value | $ 20,000 | $ 66,666 | |||||
| Number of common shares issued during period | 250,000 | 1,024,000 | |||||
| Number of shares to be issued, value | $ 93,000 | ||||||
| Number of common shares to be issued, shares | 4,650,000 | ||||||
| Stock issued for services, shares | 80,000 | ||||||
| Stock issued for services, amount | $ 8,000 | ||||||
| Common Stock One (Issued) [Member] | |||||||
| Class of Stock [Line Items] | |||||||
| Number of common shares issued during period | 1,600,000 | ||||||
| Number of common shares to be issued, shares | 923,076 | ||||||
| Series A Preferred Stock [Member] | |||||||
| Class of Stock [Line Items] | |||||||
| Preferred stock, shares authorized | 30,000 | ||||||
| Preferred stock, par value | $ 0.001 | ||||||
| Preferred stock, voting rights | The Company amended its articles of incorporation to create a new class of stock designated Series A Super Voting Preferred Stock consisting of thirty-thousand (30,000) shares at par value of $0.001 per share. Certain rights, preferences, privileges and restrictions were established for the Series A Preferred Stock as follows: (a) the amount to be represented in stated capital at all times for each share of Series A Preferred Stock shall be its par value of $0.001 per share; (b) except as otherwise required by law, holders of shares of Series A Preferred Stock shall vote together with the common stock as a single class and the holders of Series A Preferred Stock shall be entitled to five-thousand (5,000) votes per share of Series A Preferred Stock; and (c) in the event of any liquidation, dissolution or winding-up of the Company, either voluntary or involuntary, the holders of the Series A Preferred Stock shall be entitled to receive, prior and in preference to any distribution of assets of the Corporation to the holders of the common stock, the original purchase price paid for the Series A Preferred Stock. | ||||||
| Preferred stock, shares issued | 30,000 | ||||||
SBA EIDL Loan (Details Narrativ
| SBA EIDL Loan (Details Narrative) - USD ($) | Jun. 09, 2020 | Sep. 30, 2020 | Jun. 30, 2020 | Mar. 31, 2021 | Apr. 30, 2020 |
| Payments in the amount | $ 639 | $ 426 | $ 426 | ||
| Small Business Administration [Member] | |||||
| Company received a grant amount | $ 3,000 | ||||
| Economic Injury Disaster Loan [Member] | Small Business Administration [Member] | |||||
| Company received a Loan | $ 35,600 | ||||
| Loan interest rate | $ 3.75 | ||||
| Payments in the amount | $ 174 |
Commitments (Details Narrative)
| Commitments (Details Narrative) - USD ($) | 1 Months Ended | 3 Months Ended | |
| Sep. 30, 2020 | Jun. 30, 2020 | Mar. 31, 2021 | |
| Rent expense, monthly | $ 639 | $ 426 | $ 426 |
| Deposit paid | $ 200 | $ 500 | |
| Company paid a deposit | $ 200 | ||
| Commission Agreements [Member] | |||
| Commission agreements description | An agreement with a shareholder and director of the Company stating that the executive will be entitled to a two-and-a half-percent (2.5%) commission of the gross revenue recorded by the Company for any customer contracts that are closed by the Company at the time of and during the duration of the agreement. These commissions are payable quarterly upon receipt of customer revenues. | ||
| Commission Agreements [Member] | Two Sales Managers [Member] | |||
| Gross revenue commissions, percentage | 1.00% | ||
| Warrants [Member] | |||
| Common stock purchase warrants, shares | 250,000 | ||
| Exercise price | $ 0.20 | ||
| Warrant expiry description | November of 2020 | ||
Related Party Transactions (Det
| Related Party Transactions (Details Narrative) - USD ($) | Dec. 28, 2020 | Sep. 09, 2020 | Aug. 08, 2020 | Jul. 07, 2020 | Mar. 24, 2020 | Nov. 07, 2019 | Aug. 10, 2019 | Jun. 10, 2019 | Mar. 31, 2021 | Mar. 31, 2020 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2017 | Dec. 31, 2018 | Dec. 31, 2016 | Dec. 29, 2014 |
| Related Party Transaction [Line Items] | ||||||||||||||||
| Warrants to acquire shares | 1,250,000 | 1,250,000 | ||||||||||||||
| Warrants | $ 51,592 | |||||||||||||||
| Warrants revalued | $ 96,643 | |||||||||||||||
| Stock based compensation | $ 8,000 | |||||||||||||||
| Gain of settlement of debt | $ 120,000 | |||||||||||||||
| Due to related party | $ 40,000 | |||||||||||||||
| Debt interest percentage | 12.50% | 0.00% | 0.00% | 0.00% | ||||||||||||
| Repayments of debt | $ 5,000 | $ 5,000 | ||||||||||||||
| Proceeds from notes payable | $ 100,000 | $ 25,000 | $ 30,000 | $ 40,000 | ||||||||||||
| Debt repayment, description | Repaid in February 2020. | |||||||||||||||
| Debt maturity date | Aug. 1, 2021 | Jun. 30, 2020 | ||||||||||||||
| Number of shares issued to retire loan | 2,000,000 | |||||||||||||||
| Payment of monthly charges | $ 18,750 | |||||||||||||||
| Promissory Note [Member] | ||||||||||||||||
| Related Party Transaction [Line Items] | ||||||||||||||||
| Debt interest percentage | 12.50% | 12.50% | ||||||||||||||
| Proceeds from notes payable | $ 25,000 | |||||||||||||||
| Debt maturity date | Oct. 1, 2021 | |||||||||||||||
| Loan Payable to Stockholders [Member] | ||||||||||||||||
| Related Party Transaction [Line Items] | ||||||||||||||||
| Convertible promissory notes | $ 35,000 | $ 35,000 | ||||||||||||||
| Settlement of notes payable | $ 50,000 | |||||||||||||||
| Gain of settlement of debt | $ 151,324 | |||||||||||||||
| Due to related party | $ 50,000 | |||||||||||||||
| Debt interest percentage | 0.00% | |||||||||||||||
| Debt instrument, extended due date | The payments due have not been extended, and the Company plans to repay the notes in 2020. | |||||||||||||||
| Warrants [Member] | ||||||||||||||||
| Related Party Transaction [Line Items] | ||||||||||||||||
| Price per share | $ 0.20 | |||||||||||||||
| Stock based compensation | $ 18,570 | |||||||||||||||
| Independent Contractor [Member] | Option Amendment Agreement [Member] | ||||||||||||||||
| Related Party Transaction [Line Items] | ||||||||||||||||
| Stock based compensation | $ 0 | |||||||||||||||
| Warrant 1 [Member] | ||||||||||||||||
| Related Party Transaction [Line Items] | ||||||||||||||||
| Warrants to acquire shares | 625,000 | 625,000 | ||||||||||||||
| Warrants, maturity date | Jun. 19, 2018 | Jun. 19, 2018 | ||||||||||||||
| Price per share | $ 0.20 | $ 0.20 | ||||||||||||||
| Other Warrant [Member] | ||||||||||||||||
| Related Party Transaction [Line Items] | ||||||||||||||||
| Warrants to acquire shares | 625,000 | 625,000 | ||||||||||||||
| Warrants, maturity date | Jun. 28, 2019 | Jun. 28, 2019 | ||||||||||||||
| Price per share | $ 0.20 | $ 0.20 |
Related Party Transactions - Su
| Related Party Transactions - Summary of Warrants Issued (Details) - Warrants [Member] - $ / shares | 3 Months Ended | 12 Months Ended |
| Mar. 31, 2021 | Dec. 31, 2020 | |
| Number of Shares Subject to Warrants, Outstanding, beginning balance | 250,000 | |
| Number of Shares Subject to Warrants Outstanding, Granted | ||
| Number of Shares Subject to Warrants Outstanding, Exercised | ||
| Number of Shares Subject to Warrants Outstanding, Forfeited | (250,000) | |
| Number of Shares Subject to Warrants, Outstanding, ending balance | ||
| Weighted Avg Price, outstanding, beginning balance | $ 0.20 | |
| Weighted Avg Price, outstanding , ending balance | ||
| Weighted Avg Life Warrants Outstanding, Beginning | 11 months 1 day | |
| Weighted Avg Life Warrants Outstanding Ending |
Related Party Transactions - Sc
| Related Party Transactions - Schedule of Related Party Loans Payable (Details) - USD ($) | Mar. 31, 2021 | Dec. 31, 2020 |
| Related Party Transactions [Abstract] | ||
| Notes payable - Stockholders | $ 35,000 | $ 35,000 |
| Notes payable- related parties | $ 150,000 | $ 150,000 |
Subsequent Events (Details Narr
| Subsequent Events (Details Narrative) - USD ($) | Apr. 22, 2021 | Apr. 20, 2021 | Apr. 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Sep. 30, 2020 | Jun. 30, 2020 | Mar. 31, 2020 |
| Number of common shares issued during period | ||||||||
| Number of common shares issued during period, value | $ 66,666 | |||||||
| Subsequent Event [Member] | ||||||||
| Lease term | 12 months | |||||||
| Monthly rent | $ 730 | |||||||
| Operating lease deposit | $ 685 | |||||||
| Subsequent Event [Member] | Subscription Agreement [Member] | ||||||||
| Number of common shares issued during period | 300,000 | 100,000 | ||||||
| Number of common shares issued during period, value | $ 36,000 | $ 12,000 |