SinglePoint (SING) 10-Q 12 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Nov. 12, 2019
Document And Entity Information
Entity Registrant Name	SinglePoint Inc.
Entity Central Index Key	0001443611
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Sep. 30, 2019
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2019
Entity Common Stock Shares Outstanding		1,672,584,058

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2019	Dec. 31, 2018
CURRENT ASSETS:
Cash	$ 294,062	$ 68,781
Accounts receivable	16,853	5,979
Prepaid expenses	41,545	8,938
Inventory	6,224	157
Total Current Assets	358,684	83,855
NON-CURRENT ASSETS:
Investment, at cost (Note 3)	60,000	60,000
Goodwill (Note 3)	1,966,340
Total Assets	2,385,024	143,855
CURRENT LIABILITIES:
Accounts payable, including related party (Note 7)	49,055	146,635
Accrued expenses, including accrued officer salaries (Note7)	854,730	1,345,567
Current portion of convertible notes payable, net of debt discount (Note 4)	836,658	156,853
Advances from related party (Note 7)	830,152	645,788
Derivative liability	3,836,085	2,215,376
Total Current Liabilities	6,406,680	4,510,219
LONG-TERM LIABILITIES:
Convertible notes payable, net of debt discount (Note 4)	1,038,660	500,000
Total Liabilities	7,445,340	5,010,219
Commitments and Contingencies (Note 8)
STOCKHOLDERS' DEFICIT
Common stock, par value $0.0001; 2,000,000,000 shares authorized; 1,656,829,156 and 1,236,319,023 shares issued and outstanding as of September 30, 2019 and December 31, 2018, respectively	165,683	123,632
Additional paid-in capital	71,754,388	63,940,510
Accumulated deficit	(76,912,528)	(68,846,438)
Total Singlepoint, Inc. stockholders' deficit	(4,987,037)	(4,777,201)
Non-controlling interest	(73,279)	(89,163)
Total Stockholders' Deficit	(5,060,316)	(4,866,364)
Total Liabilities and Stockholders' Deficit	2,385,024	143,855
Convertible Preferred Stock Class A [Member]
STOCKHOLDERS' DEFICIT
Class A convertible preferred stock, par value $0.0001; 60,000,000 shares authorized; 54,200,000 and 50,950,000 shares issued and outstanding as of September 30, 2019 and December 31, 2018, respectively	$ 5,420	$ 5,095

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2019	Jan. 03, 2019	Dec. 31, 2018
STOCKHOLDERS' DEFICIT
Common stock, Par value	$ 0.0001		$ 0.0001
Common stock, Shares authorized	2,000,000,000		2,000,000,000
Common stock, Shares issued	1,656,829,156		1,236,319,023
Common stock, Shares outstanding	1,656,829,156		1,236,319,023
Convertible Preferred Stock Class A [Member]
STOCKHOLDERS' DEFICIT
Preferred stock, Par value	$ 0.0001		$ 0.0001
Preferred stock, Shares authorized	60,000,000		60,000,000
Preferred stock, Shares Issued	54,200,000		50,950,000
Preferred stock, Shares outstanding	54,200,000		50,950,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
REVENUE
Revenue	$ 1,050,374	$ 381,037	$ 2,170,123	$ 881,157
Cost of Revenue	524,483	305,684	1,610,394	652,140
Gross profit	525,891	75,353	559,729	229,017
OPERATING EXPENSES:
Consulting fees	367,599	47,960	529,100	183,083
Compensation	98,875	818,730	3,377,527	988,669
Professional and legal fees	56,760	41,004	208,737	121,204
Investor Relations	2,000	29,674	150,227	269,138
General and administrative	654,354	284,999	1,184,617	680,625
Operating expenses	1,179,588	1,222,367	5,450,208	2,242,719
LOSS FROM OPERATIONS	(653,697)	(1,147,014)	(4,890,479)	(2,013,702)
OTHER INCOME (EXPENSE):
Interest expense	(91,779)	(34,665)	(274,711)	(93,204)
Amortization of debt discounts	(530,267)	(92,151)	(1,322,297)	(311,626)
Gain on settlement of debt		5,632		5,632
Gain on change in fair value of investments		20,000
Gain (loss) on change in fair value of derivative liability	1,984,195	(98,507)	(1,617,074)	(31,236)
Loss on disposal of subsidiary	(54,798)		(54,798)
Other income (expense), net	1,307,351	(199,691)	(3,268,880)	(430,434)
INCOME (LOSS) BEFORE INCOME TAXES	653,654	(1,346,705)	(8,159,359)	(2,444,136)
Income taxes
NET INCOME (LOSS)	653,654	(1,346,705)	(8,159,359)	(2,444,136)
Loss (income) attributable to non-controlling interests	(33,898)	9,122	93,269	8,166
NET INCOME (LOSS) ATTRIBUTABLE TO SINGLEPOINT, INC. STOCKHOLDERS	$ 619,756	$ (1,337,583)	$ (8,066,090)	$ (2,435,970)
Net loss per share - basic	$ 0	$ 0	$ (0.01)	$ 0
Weighted average number of common shares outstanding - basic	1,623,777,941	1,162,754,224	1,445,069,147	1,120,363,206

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT - USD ($)	Total	Preferred Stock	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Noncontrolling Interest
Balance, Shares at Dec. 31, 2017		47,750,000	935,585,925
Balance, Amount at Dec. 31, 2017	$ (779,977)	$ 4,775	$ 93,559	$ 59,951,381	$ (60,797,888)	$ (31,804)
Issuance of common shares for services, Shares			600,000
Issuance of common shares for acquisition, Shares			6,979,167
Issuance of common shares for principal and accrued interest on convertible notes, Shares			129,800,571
Issuance of preferred shares for services, Shares		1,000,000
Conversion of preferred shares, Shares		(3,800,000)	95,000,000
Net loss	(2,444,136)				(2,435,970)	(8,166)
Issuance of common shares for services, Amount	38,520		60	38,460
Issuance of common shares for acquisition, Amount	216,354		698	215,656
Issuance of common shares for principal and accrued interest on convertible notes, Amount	256,744		12,980	243,764
Issuance of preferred shares for services, Amount	710,000	100		709,900
Conversion of preferred shares, Amount		$ (380)	$ 9,500	(9,120)
Balance, Shares at Sep. 30, 2018		44,950,000	1,167,965,663
Balance, Amount at Sep. 30, 2018	(2,002,495)	$ 4,495	$ 116,797	61,150,041	(63,233,858)	(39,970)
Balance, Shares at Dec. 31, 2018		50,950,000	1,236,319,023
Balance, Amount at Dec. 31, 2018	(4,866,364)	$ 5,095	$ 123,632	63,940,510	(68,846,438)	(89,163)
Issuance of common shares for services, Shares			23,483,333
Issuance of common shares for services previously accrued, Shares			8,000,000
Issuance of common shares for acquisition, Shares			156,058,751
Issuance of common shares for principal and accrued interest on convertible notes, Shares			97,468,049
Issuance of preferred shares for services, Shares		10,000,000
Conversion of preferred shares, Shares		(6,750,000)	135,500,000
Net loss	(8,159,359)				(8,066,090)	(93,269)
Issuance of common shares for services, Amount	324,050		2,348	321,702
Issuance of common shares for services previously accrued, Amount	800,000		800	799,200
Issuance of common shares for acquisition, Amount	1,966,341		15,606	1,950,735
Issuance of common shares for principal and accrued interest on convertible notes, Amount	419,500		9,747	409,753
Issuance of preferred shares for services, Amount	3,100,000	1,000		3,099,000
Conversion of preferred shares, Amount		(675)	13,550	(12,875)
Settlement of derivative liability due to debt conversion	1,246,363			1,246,363
Disposal of subsidiary	$ 109,153					109,153
Balance, Shares at Sep. 30, 2019	1,966,340	54,200,000	1,656,829,156
Balance, Amount at Sep. 30, 2019	$ (5,060,316)	$ 5,420	$ 165,683	$ 71,754,388	$ (76,912,528)	$ (73,279)

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss attributable to Singlepoint, Inc. stockholders	$ (8,066,090)	$ (2,435,970)
Adjustments to reconcile net loss to net cash used in operating activities
Loss attributable to non-controlling interests	(93,269)	(8,166)
Loss on disposal of subsidiary	54,798
Common stock issued for services	324,050	38,520
Depreciation		3,547
Amortization of debt discounts	1,322,297	311,626
(Gain) loss on change in fair value of derivatives	1,617,074	31,236
(Gain) loss on debt settlement		(5,632)
Preferred stock issued for services	3,100,000	710,000
Changes in operating assets and liabilities:
Accounts receivable	(10,874)	(7,273)
Prepaid expenses	(32,607)	(9,243)
Inventory	(6,067)	37
Other assets		123
Accounts payable	(87,922)	(3,560)
Accrued expenses	566,407	154,054
NET CASH USED IN OPERATING ACTIVITIES	(1,312,203)	(1,220,701)
CASH FLOWS FROM INVESTING ACTIVITIES:
Cash paid for investment		(15,000)
Cash paid for acquisition of subsidiaries		(170,000)
NET CASH USED IN INVESTING ACTIVITIES		(185,000)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from notes receivable - related party		4,225
Proceeds from advances from related party	138,445	508,054
Payments on advances to related party	(10,961)
Payments on notes payable and accrued interest	(90,000)
Proceeds from issuance of convertible notes	1,500,000
NET CASH PROVIDED BY FINANCING ACTIVITIES	1,537,484	512,279
NET CHANGE IN CASH	225,281	(893,422)
Cash at beginning of period	68,781	915,078
Cash at end of period	294,062	21,656
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:
Interest paid	52,648
Income tax paid
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Common stock issued for accrued interest		46,744
Common stock issued to acquire subsidiaries	1,966,341	216,354
Original issue discount from issuance of notes payable	$ 150,000
Common stock issued for conversion of debt and accrued interest	419,500	210,000
Debt discount from derivative liability	1,250,000
Derivative liability settlements	1,246,363
Conversion of preferred stock to common stock	13,550	9,500
Issuance of common stock previously accrued	$ 800,000

ORGANIZATION AND NATURE OF BUSI

ORGANIZATION AND NATURE OF BUSINESS	9 Months Ended
	Sep. 30, 2019
ORGANIZATION AND NATURE OF BUSINESS
NOTE 1 - ORGANIZATION AND NATURE OF BUSINESS	History Carbon Credits International Inc. (“CCII”), which was formed on October 15, 2007 as a Nevada corporation, was the result of a spin off from Carbon Credits Industries, Inc. (“CCI”), its former parent issuer, on October 17, 2007. On December 23, 2011, CCII entered into a merger agreement with Lifestyle Wireless, Inc. (“LWI”), a Washington Corporation, with CCII remaining as the surviving company. The effective date of the merger was January 10, 2012. On July 1, 2013, CCII changed its name to Singlepoint Inc. (“Singlepoint” or “the Company”). On May 17, 2017, the Company acquired a 90% interest in Discount Garden Supply, Inc. (“DIGS”) for cash and common stock. On October 11, 2017, the Company acquired a 51% interest in Jiffy Auto Glass, LLC (“JAG”) for cash and common stock. On July 26, 2019, a Statement of Dissolution was filed with the Colorado Secretary of State dissolving JAG (See Note 10). On August 31, 2018, the Company acquired a 51% interest in ShieldSaver, LLC (“ShieldSaver”) for cash and common stock. On May 14, 2019, the Company established a subsidiary, Singlepoint Direct Solar LLC (“SDS”), completing the acquisition of certain assets of Direct Solar LLC and AI Live Transfers LLC (See Note 3). The Company owns Fifty One Percent (51%) of the membership interests of SDS. Going Concern The financial statements have been prepared assuming that the Company will continue as a going concern. As of September 30, 2019, the Company has yet to achieve profitable operations and is dependent on its ability to raise capital from stockholders or other sources to sustain operations and to ultimately achieve viable operations. The financial statements do not include any adjustments that might result from the outcome of these uncertainties. These factors raise substantial doubt about the Company’s ability to continue as a going concern. The Company’s ability to continue in existence is dependent on the Company’s ability to develop the Company’s businesses and to achieve profitable operations. Since the Company does not anticipate achieving profitable operations and/or adequate cash flows in the near term, management will continue to pursue additional equity financing through private placements of the Company’s common stock.

BASIS OF PRESENTATION AND SUMMA

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2019
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
NOTE 2 - BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission including Form 10-Q and Regulation S-X. The information furnished herein reflects all adjustments (consisting of normal recurring accruals and adjustments) which are, in the opinion of management, necessary to fairly state the operating results for the respective periods. Certain information and footnote disclosures normally present in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) have been omitted pursuant to such rules and regulations. These financial statements and the information included under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations” should be read in conjunction with the audited financial statements and explanatory notes for the year ended December 31, 2018 as disclosed in our Form 10-K filed with the Securities and Exchange Commission on April 5, 2019. The results of the nine months ended September 30, 2019 (unaudited) are not necessarily indicative of the results to be expected for the pending full year ending December 31, 2019. Principles of Consolidation The consolidated financial statements include the accounts of Singlepoint, DIGS and JAG as of September 30, 2019 and December 31, 2018 and for the nine months ended September 30, 2019 and 2018 (with JAG dissolved on July 26, 2019), the accounts of ShieldSaver as of September 30, 2019 and December 31, 2018 and for the nine months ended September 30, 2019 and the period from August 31, 2018 (acquisition date) through September 30, 2018, and the accounts of SDS as of September 30, 2019 and the period from May 14, 2019 through September 30, 2019. All significant intercompany transactions have been eliminated in consolidation. Revenues It is the Company’s policy that revenue from product sales or services will be recognized in accordance with ASC 606 “Revenue from Contracts with Customers”. The standard outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. In applying the new revenue recognition model to contracts with customers, an entity: (1) identifies the contract(s) with a customer; (2) identifies the performance obligations in the contract(s); (3) determines the transaction price; (4) allocates the transaction price to the performance obligations in the contract(s); and (5) recognizes revenue when (or as) the entity satisfies a performance obligation. The accounting standards update applies to all contracts with customers except those that are within the scope of other topics in the FASB Accounting Standards Codification. The Company incurs costs associated with product distribution, such as freight and handling costs. The Company has elected to treat these costs as fulfillment activities and recognizes these costs at the same time that it recognizes the underlying product revenue. As this policy election is in line with the Company’s previous accounting practices, the treatment of shipping and handling activities under Topic 606 did not have any impact on the Company’s results of operations, financial condition and/or financial statement disclosures. In accordance with the new guidance, the Company recognizes revenue at an amount that reflects the consideration that the Company expects to be entitled to receive in exchange for transferring goods or services to its customers. The Company’s policy is to record revenue when control of the goods transfers to the customer. Revenue Sharing In addition to selling the Company’s products to customers, the Company recognizes revenues by sharing commissions with Independent Sales Organizations as an agent on a net basis. These revenues do not comprise a material amount of the Company’s net sales. Cash and Cash Equivalents The Company considers all highly liquid investments with the original maturities of ninety days or less at the time of purchase to be cash equivalents. The Company maintains deposits in financial institutions which are insured by the Federal Deposit Insurance Corporation (“FDIC”). The Company had no deposits in excess of amounts insured by the FDIC as of September 30, 2019. Convertible Instruments The Company evaluates and accounts for conversion options embedded in its convertible instruments in accordance with the Accounting Standards Committee (“ASC”) 815 “Derivatives and Hedging”. It provides three criteria that, if met, require companies to bifurcate conversion options from their host instruments and account for them as free standing derivative financial instruments. These three criteria include circumstances in which (a) the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract, (b) the hybrid instrument that embodies both the embedded derivative instrument and the host contract is not re-measured at fair value under otherwise applicable generally accepted accounting principles with changes in fair value reported in earnings as they occur and (c) a separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument. The result of this accounting treatment could be that the fair value of a financial instrument is classified as a derivative financial instrument and is marked-to-market at each balance sheet date and recorded as a liability. In the event that the fair value is recorded as a liability, the change in fair value is recorded in the consolidated statement of operations as other income or other expense. Upon conversion or exercise of a derivative financial instrument, the instrument is marked to fair value at the conversion date and is reclassified to equity. The Company records, when necessary, discounts to convertible notes for the intrinsic value of conversion options embedded in debt instruments based upon the differences between the fair value of the underlying common stock at the commitment date of the note transaction and the effective conversion price embedded in the note. Debt discounts under these arrangements are amortized over the term of the related debt to their earliest date of notes redemption Income Taxes The Company accounts for its income taxes in accordance with ASC 740 “Income Taxes”, which requires recognition of deferred tax assets and liabilities for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in operations in the period that includes the enactment date. The Company has a net operating loss carryforward, however, due to the uncertainty of realization, the Company has provided a full valuation allowance for deferred tax assets resulting from this net operating loss carryforward. Earnings (loss) Per Common Share Basic loss per common share has been calculated based upon the weighted average number of common shares outstanding during the period in accordance with the ASC 260-10, “Earnings per Share”. Common stock equivalents are not used in the computation of loss per share, as their effect would be antidilutive. Diluted EPS includes the effect from potential issuance of common stock, including stock issuable pursuant to the assumed exercise of warrants and conversion of convertible notes and Class A Preferred Stock. Dilutive EPS is computed by dividing net income (loss) by the sum of the weighted average number of common stock outstanding, and the dilutive shares. The following table summarizes the number of shares of common stock issuable pursuant to our convertible securities that were excluded from the diluted per share calculation because the effect of including these potential shares was antidilutive even though the exercise price could be less than the average market price of the common shares: Nine Months Ended September 30, 2019 Series A Preferred Stock 1,355,000,000 Convertible notes 398,295,673 Warrants 10,000,000 Potentially dilutive securities 1,763,295,673 Use of Estimates in the Preparation of Financial Statements The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates and assumptions. Fair Value Measurements On January 1, 2011, the Company adopted guidance which defines fair value, establishes a framework for using fair value to measure financial assets and liabilities on a recurring basis, and expands disclosures about fair value measurements. Beginning on January 1, 2011, the Company also applied the guidance to non-financial assets and liabilities measured at fair value on a non-recurring basis, which includes goodwill and intangible assets. The guidance establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs that market participants would use in pricing the asset or liability developed based on market data obtained from independent sources. Unobservable inputs are inputs that reflect the Company’s assumptions of what market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The hierarchy is broken down into three levels based on the reliability of the inputs as follows: Level 1 - Valuation is based upon unadjusted quoted market prices for identical assets or liabilities in accessible active markets. Level 2 - Valuation is based upon quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in inactive markets; or valuations based on models where the significant inputs are observable in the market. Level 3 - Valuation is based on models where significant inputs are not observable. The unobservable inputs reflect a company’s own assumptions about the inputs that market participants would use. The Company’s financial instruments consist of cash, accounts receivable, investments, accounts payable, convertible notes payable, advances from related parties, and derivative liabilities. The estimated fair value of cash, accounts receivable, investments, accounts payable, convertible notes payable and advances from related parties approximate their carrying amounts due to the short-term nature of these instruments. Certain non-financial assets are measured at fair value on a nonrecurring basis. Accordingly, these assets are not measured and adjusted to fair value on an ongoing basis but are subject to periodic impairment tests. The Company’s derivative liabilities have been valued as Level 3 instruments. Level 1 Level 2 Level 3 Total Fair value of convertible notes derivative liability – December 31, 2018 $ – $ – $ 2,215,376 $ 2,215,376 Level 1 Level 2 Level 3 Total Fair value of convertible notes derivative liability – September 30, 2019 $ – $ – $ 3,836,085 $ 3,836,085 The following table provides a summary of changes in fair value of the Company’s Level 3 financial liabilities as of December 31, 2018 and September 30, 2019: Derivative Liability Balance, December 31, 2018 2,215,376 Additions recognized as debt discount 1,250,000 Derivative liability settlements (1,246,365 ) Mark-to-market at September 30, 2019 1,617,074 Balance, September 30, 2019 $ 3,836,085 Net loss for the year included in earnings relating to the liabilities held at September 30, 2019 $ 1,617,074 Recently Issued Accounting Pronouncements Leases In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). This standard requires all leases that have a term of over 12 months to be recognized on the balance sheet with the liability for lease payments and the corresponding right-of-use asset initially measured at the present value of amounts expected to be paid over the term. Recognition of the costs of these leases on the income statement will be dependent upon their classification as either an operating or a financing lease. Costs of an operating lease will continue to be recognized as a single operating expense on a straight-line basis over the lease term. Costs for a financing lease will be disaggregated and recognized as both an operating expense (for the amortization of the right-of-use asset) and interest expense (for interest on the lease liability). This standard will be effective for our interim and annual periods beginning January 1, 2019 and must be applied on a modified retrospective basis to leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. We adopted this standard on January 1, 2019. The adoption of this standard did not have a material impact on our financial position or results of operations. There were various other accounting standards and interpretations issued recently, none of which are expected to have a material impact on the Company’s financial position, operations or cash flows. Management has evaluated these new pronouncements through September 30, 2019.

INVESTMENTS, ACQUISITIONS AND G

INVESTMENTS, ACQUISITIONS AND GOODWILL	9 Months Ended
	Sep. 30, 2019
INVESTMENTS, ACQUISITIONS AND GOODWILL
NOTE 3 - INVESTMENTS, ACQUISITIONS AND GOODWILL	Investments The Company records its investments using the cost method. If cost exceeds fair value, an impairment loss is recognized unless the impairment is considered temporary. The Company had total investments of $60,000 as of September 30, 2019 and December 31, 2018, respectively. 2019 Asset Acquisition – Direct Solar LLC/ AI Live Transfers LLC On May 14, 2019, the Company, via the formation of SDS, completed the acquisition of certain assets of Direct Solar LLC and AI Live Transfers LLC (the “Acquired Assets”). The Company owns Fifty One Percent (51%) of the membership interests of SDS. In connection with the acquisition of these assets the Company issued an aggregate of 156,058,751 shares of common stock. The Company agreed that it shall reinvest into SDS its portion of distributions of Net Cash Flow (as defined in the Operating Agreement of SDS), if any, up to Two Hundred and Fifty Thousand ($250,000) Dollars per quarter, up to a total of Seven Hundred and Fifty Thousand ($750,000) Dollars. The total value of common stock issued for the purchase of the Acquired Assets was $1,966,340 on the issuance date and was allocated to goodwill based on the workforce acquired. The total purchase price for the Acquired Assets was allocated as follows: Goodwill $ 1,966,340 Current assets - Current liabilities - Total net assets acquired $ 1,966,340 The purchase price consists of the following: Cash - Common Stock 1,966,340 Total purchase price $ 1,966,340 Total revenue of $951,430, net loss of $94,852, and contributed net loss of $48,375 after non-controlling interest related to SDS from the acquisition date of May 14, 2019 through September 30, 2019 is included in the Company’s accompanying condensed consolidated statement of operations. Goodwill The following table presents details of the Company’s goodwill as of September 30, 2018 and December 31, 2018: Direct Solar/AI Live Assets Balance at December 31, 2018: - Aggregate goodwill acquired 1,966,340 Impairment losses - Balance at September 30, 2019: $ 1,966,340 The Company periodically reviews the carrying value of intangible assets not subject to amortization, including goodwill, to determine whether impairment may exist. Goodwill and certain intangible assets are assessed annually, or when certain triggering events occur, for impairment using fair value measurement techniques. These events could include a significant change in the business climate, legal factors, a decline in operating performance, competition, sale or disposition of a significant portion of the business, or other factors. Specifically, a goodwill impairment test is used to identify potential impairment by comparing the fair value of a reporting unit with its carrying amount, including goodwill. The Company uses level 3 inputs and a discounted cash flow methodology. A discounted cash flow analysis requires one to make various judgmental assumptions including assumptions about future cash flows, growth rates, and discount rates. The assumptions about future cash flows and growth rates are based on the Company’s budget and long-term plans. Discount rate assumptions are based on an assessment of the risk inherent in the respective reporting units. Proforma Information (unaudited) SDS The following unaudited pro forma information presents the consolidated results of the Company’s operations and the results of the acquisition of the Acquired Assets as if the May 14, 2019 acquisition had been consummated on January 1, 2019. Such unaudited pro forma information is based on historical unaudited financial information with respect to the Acquired Assets acquisition and does not include operational or other charges which might have been affected by the Company. The unaudited pro forma information for the nine months ended September 30, 2019 presented below is for illustrative purposes only and is not necessarily indicative of the results which would have been achieved or results which may be achieved in the future: Nine Months Ended September 30, 2019 Net revenue $ 2,924,672 Net loss $ (8,216,037 )

CONVERTIBLE NOTES PAYABLE

CONVERTIBLE NOTES PAYABLE	9 Months Ended
	Sep. 30, 2019
CONVERTIBLE NOTES PAYABLE
NOTE 4 - CONVERTIBLE NOTES PAYABLE	Convertible notes payable consisted of the following: September 30, 2019 December 31, 2018 Convertible note payable with an accredited investor dated October 31, 2017, with interest at 0%, due October 31, 2017, convertible at $0.007 per share. This note is currently in default. 10,500 10,500 Convertible note payable to investor (the “CVP Note”) dated October 10, 2017, with interest at 10%, an Original Issue Discount (“OID”) of $70,000, due October 6, 2019, convertible into shares of the Company’s common stock at a discount of 60% of the average of the three lowest closing bid prices of the Company’s common stock during the 20 trading days prior to conversion. The CVP Note provides for additional tranches of a maximum of $3,970,000, which includes OID of 10%. The note includes a warrant to purchase 5,000,000 shares of the Company’s common stock at a price of $0.10 per share. The CVP Note is secured by substantially all assets of the Company. The investor converted a total of $294,500 of principal and accrued interest of this note into 67,924,982 shares of the Company’s common stock during the nine months ended September 30, 2019. Additionally, the Company repaid $40,000 of this note during the nine months ended September 30, 2019. This note is currently in default. 244,426 547,749 Convertible note payable to investor (the “UAHC Note”) dated October 10, 2017, with interest at 10%, an OID of $70,000, due October 6, 2019, convertible into shares of the Company’s common stock at a discount of 60% of the average of the three lowest closing bid prices of the Company’s common stock during the 20 trading days prior to conversion. The UAHC Note includes a warrant to purchase 5,000,000 shares of the Company’s common stock at a price of $0.10 per share. The UAHC Note is secured by substantially all assets of the Company. The investor converted a total of $125,000 of principal and accrued interest of this note into 29,543,067 shares of the Company’s common stock during the nine months ended September 30, 2019. Additionally, the Company repaid $50,000 of this note during the nine months ended September 30, 2019. This note is currently in default. 619,490 670,000 Convertible note payable, to investor (the “Iliad Note”) dated November 5, 2018 totaling $500,000, plus OID of $50,000 and legal fees of $20,000. The Iliad Note bears interest at 10% and matures on November 5, 2020. Total available under note is $5,520,000, including $500,000 OID (and $20,000 in legal fees taken on first $500,000 tranche). The Iliad Note is convertible into shares of the Company’s common stock after 180 days at a discount of 35% of the average of the three lowest closing bid prices of the Company’s common stock during the 20 trading days prior to conversion. The Company borrowed an additional $1,650,000 (including OID of $150,000) under this note during the nine months ended September 30, 2019. The Iliad Note is secured by substantially all assets of the Company. 2,220,000 570,000 Total convertible notes payable 3,094,416 1,798,249 Less debt discounts (1,219,098 ) (1,141,396 ) Convertible notes payable, net 1,875,318 656,853 Less current portion of convertible notes, net (836,658 ) (156,853 ) Long-term convertible notes payable, net $ 1,038,660 $ 500,000 Aggregate maturities of long-term debt as of September 30, 2019 are due in future years as follows: 2019 $ 836,658 2020 1,038,660 $ 1,875,318 JAG entered into a Funding Purchase Agreement on August 25, 2017, whereby JAG received proceeds of $100,000 with loan costs of $37,000, for a total loan of $137,000. This debt was refinanced in April 2018 for $65,000 under a credit agreement with another third-party, payable in weekly payments of approximately $800 through July 2019. The balance under this credit agreement was $39,499 and $52,989 as of September 30, 2019 and December 31, 2018 and is included in accrued expenses on the accompanying balance sheet. This note is currently in default. Total amortization of debt discounts was $1,322,297 and $311,626 for the nine months ended September 30, 2019 and 2018, respectively. Accrued interest on the above notes payable totaled $148,822 and $96,100 as of September 30, 2019 and December 31, 2018, respectively. Interest expense for the above notes payable for the nine months ended September 30, 2019 and 2018 was $274,711 and $93,204, respectively.

DERIVATIVE LIABILITY

DERIVATIVE LIABILITY	9 Months Ended
	Sep. 30, 2019
DERIVATIVE LIABILITY
NOTE 5 - DERIVATIVE LIABILITY	Derivative Liability- Debt The fair value of the described embedded derivative on all convertible debt was valued at $3,836,085 and $2,215,376 at September 30, 2019 and December 31, 2018, respectively, which was determined using the Black Scholes Pricing Model with the following assumptions: Dividend yield: 0 % Term 0.5 – 1.0 year Volatility 114.3%–132.8 % Risk free rate: 1.75–2.63 % For the nine months ended September 30, 2019 and 2018, the Company adjusted the recorded fair value of the derivative liability on debt to market resulting in non-cash, non-operating loss of $1,617,074 and $31,236 for the nine months ended September 30, 2019 and 2018, respectively. Note 2 contains a summary of changes in fair value of the Company’s Level 3 financial liabilities as of September 30, 2019.

STOCKHOLDERS DEFICIT

STOCKHOLDERS DEFICIT	9 Months Ended
	Sep. 30, 2019
STOCKHOLDERS DEFICIT
NOTE 6 - STOCKHOLDERS DEFICIT	Class A Convertible Preferred Shares As of September 30, 2019 and December 31, 2018, the Company had authorized 60,000,000 shares of Series A Convertible Preferred Stock (“Class A Stock”) with $0.0001 par value per share, of which 54,200,000 and 50,950,000 shares were issued and outstanding as of September 30, 2019 and December 31, 2018, respectively. Each share of Class A Stock is convertible at any time into 25 shares of common stock, totaling 1,355,000,000 shares of common stock assuming full conversion of all outstanding shares. No dividends are payable unless declared by the Board of Directors. Each share of Class A Stock votes with the shares of Common Stock and is entitled to 50 votes per share and ranks senior to all other classes of stock in liquidation in the amount of $1 per share. On January 3, 2019, the Company issued 10,500,000, shares of common stock to a former director for the conversion of 1,750,000 shares of Class A Stock. On May 23, 2019, the Company issued 100,000,000 shares of common stock to the Company’s CEO for the conversion of 4,000,000 shares of Class A Stock. On May 31, 2019, the Company issued a total of 10,000,000 shares of Class A Stock to directors for compensation resulting in compensation expense of $3,100,000. On July 22, 2019 and August 2, 2019, the Company issued an aggregate of 25,000,000 shares of common stock to a director of the Company for the conversion of an aggregate of 1,000,000 shares of Class A Stock. Common Shares As of September 30, 2019, the Company’s authorized common stock is 2,000,000,000 shares at $0.0001 par value per share. 1,656,829,156 and 1,236,319,023 shares were issued and outstanding as of September 30, 2019 and December 31, 2018, respectively. Shares issued during the nine months ended September 30, 2019 During the nine months ended September 30, 2019, the Company issued an aggregate of 97,468,049 shares of common stock to two investors for the conversion of a total of $419,500 of convertible debt and accrued interest. On March 1, 2019, the Company issued an aggregate of 8,000,000 shares of common stock to a consultant for consulting services at a price of $0.10 per share. The fair value of these shares of $800,000 was included in accrued expenses as of December 31, 2018. On May 16, 2019, the Company issued an aggregate of 156,058,751 shares related the acquisition of the Acquired Assets at a price of $0.0145 per share (See Note 3). In August and September 2019, the Company issued an aggregate of 23,483,333 shares of common stock to consultants for services at prices ranging from $0.0130 to $0.0184 per share with an aggregate value of $324,050.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2019
RELATED PARTY TRANSACTIONS
NOTE 7 - RELATED PARTY TRANSACTIONS	Accrued Officer Compensation As of September 30, 2019 and December 31, 2018, a total of $525,411 and $349,000, respectively, was accrued for unpaid officer wages due the Company’s CEO and President under their respective employment agreements. Other As of September 30, 2019 and December 31, 2018, a total of $16,619 and $22,574 was due our CEO and our President and is included in accounts payable. As of September 30, 2019 and December 31, 2018, a total of $2,892 was due the founder of DIGS and is included in accounts payable. The Company’s CEO advanced the Company funds during 2019 and 2018, with a balance due of $705,000 and $585,000 respectfully, plus accrued interest of $74,910 and $18,030 as of September 30, 2019 and December 31, 2018, respectively. These balances accrue interest at 12% beginning on October 1, 2018, are unsecured and due on demand. As of September 30, 2019 and December 31, 2018, a total of $18,222 and $10,738, respectively, was due to the founder of DIGS for advances to DIGS. As of September 30, 2019 and December 31, 2018, a total of $32,020 was due to an entity owned by the founder of ShieldSaver for advances to ShieldSaver prior to the Company’s acquisition of ShieldSaver on August 31, 2018. The founder of ShieldSaver is also the founder of JAG and is a related party. DIGS previously sub-leased space on a month-to-month basis from an entity controlled by the founder of DIGS. Total payments related to this sub-lease for the nine months ended September 30, 2019 and 2018 were $0 and $11,375, respectively. See Note 6 for related party share issuances to a former director of the Company.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2019
COMMITMENTS AND CONTINGENCIES
NOTE 8 - COMMITMENTS AND CONTINGENCIES	The Company leases approximately 1,400 square feet of office space at 2999 North 44th St, Phoenix, AZ 85018 at a monthly rent of $3,375.97. The lease term expired September 2019. The Company is currently renegotiating the terms of a new lease. On July 2, 2019, the Company executed a lease agreement for an industrial building space in California for 24 months at base rent of $2,400 per month through June 30, 2021. See the Company’s Form 10-K for the year ended December 31, 2018 for details on our executive’s employment agreements. There have been no changes to these agreements.

REVENUE CLASSES

REVENUE CLASSES	9 Months Ended
	Sep. 30, 2019
REVENUE
NOTE 9 - REVENUE CLASSES	Selected financial information for the Company’s operating revenue for disaggregated revenue purposes are as follows: Nine Months Ended September 30, Nine Months Ended September 30, 2019 2018 Retail $ 124,067 $ 136,317 Distribution 475,776 - Services 1,570,280 744,840 Total $ 2,170,123 $ 881,157

DISPOSAL OF SUBSIDIARY

DISPOSAL OF SUBSIDIARY	9 Months Ended
	Sep. 30, 2019
Note 10 - DISPOSAL OF SUBSIDIARY	On July 26, 2019 a Statement of Dissolution was filed with the Colorado Secretary of State dissolving JAG as a result of the Company’s strategic shift away from the glass installation services market. The dissolution resulted in a loss on disposal of subsidiary $54,798 and the elimination of JAG’s 49% non-controlling interest of $109,153 during the three months ended September 30, 2019.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2019
SUBSEQUENT EVENTS
NOTE 11 - SUBSEQUENT EVENTS	On October 7, 2019, the Company issued 12,254,902 shares of common stock to an investor for the conversion of $50,000 of convertible debt and accrued interest. On October 9, 2019, the Company issued 3,500,000 shares of common stock to a consultant for consulting services at a price of $0.0143 per share. The value of these shares of $50,000 was included in accrued expenses as of September 30, 2019.

BASIS OF PRESENTATION AND SUM_2

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2019
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
Basis of Presentation	The accompanying unaudited condensed consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission including Form 10-Q and Regulation S-X. The information furnished herein reflects all adjustments (consisting of normal recurring accruals and adjustments) which are, in the opinion of management, necessary to fairly state the operating results for the respective periods. Certain information and footnote disclosures normally present in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) have been omitted pursuant to such rules and regulations. These financial statements and the information included under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations” should be read in conjunction with the audited financial statements and explanatory notes for the year ended December 31, 2018 as disclosed in our Form 10-K filed with the Securities and Exchange Commission on April 5, 2019. The results of the nine months ended September 30, 2019 (unaudited) are not necessarily indicative of the results to be expected for the pending full year ending December 31, 2019.
Principles of Consolidation	The consolidated financial statements include the accounts of Singlepoint, DIGS and JAG as of September 30, 2019 and December 31, 2018 and for the nine months ended September 30, 2019 and 2018 (with JAG dissolved on July 26, 2019), the accounts of ShieldSaver as of September 30, 2019 and December 31, 2018 and for the nine months ended September 30, 2019 and the period from August 31, 2018 (acquisition date) through September 30, 2018, and the accounts of SDS as of September 30, 2019 and the period from May 14, 2019 through September 30, 2019. All significant intercompany transactions have been eliminated in consolidation.
Revenues	It is the Company’s policy that revenue from product sales or services will be recognized in accordance with ASC 606 “Revenue from Contracts with Customers”. The standard outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. In applying the new revenue recognition model to contracts with customers, an entity: (1) identifies the contract(s) with a customer; (2) identifies the performance obligations in the contract(s); (3) determines the transaction price; (4) allocates the transaction price to the performance obligations in the contract(s); and (5) recognizes revenue when (or as) the entity satisfies a performance obligation. The accounting standards update applies to all contracts with customers except those that are within the scope of other topics in the FASB Accounting Standards Codification. The Company incurs costs associated with product distribution, such as freight and handling costs. The Company has elected to treat these costs as fulfillment activities and recognizes these costs at the same time that it recognizes the underlying product revenue. As this policy election is in line with the Company’s previous accounting practices, the treatment of shipping and handling activities under Topic 606 did not have any impact on the Company’s results of operations, financial condition and/or financial statement disclosures. In accordance with the new guidance, the Company recognizes revenue at an amount that reflects the consideration that the Company expects to be entitled to receive in exchange for transferring goods or services to its customers. The Company’s policy is to record revenue when control of the goods transfers to the customer.
Revenue Sharing	In addition to selling the Company’s products to customers, the Company recognizes revenues by sharing commissions with Independent Sales Organizations as an agent on a net basis. These revenues do not comprise a material amount of the Company’s net sales.
Cash and Cash Equivalents	The Company considers all highly liquid investments with the original maturities of ninety days or less at the time of purchase to be cash equivalents. The Company maintains deposits in financial institutions which are insured by the Federal Deposit Insurance Corporation (“FDIC”). The Company had no deposits in excess of amounts insured by the FDIC as of September 30, 2019.
Convertible Instruments	The Company evaluates and accounts for conversion options embedded in its convertible instruments in accordance with the Accounting Standards Committee (“ASC”) 815 “Derivatives and Hedging”. It provides three criteria that, if met, require companies to bifurcate conversion options from their host instruments and account for them as free standing derivative financial instruments. These three criteria include circumstances in which (a) the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract, (b) the hybrid instrument that embodies both the embedded derivative instrument and the host contract is not re-measured at fair value under otherwise applicable generally accepted accounting principles with changes in fair value reported in earnings as they occur and (c) a separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument. The result of this accounting treatment could be that the fair value of a financial instrument is classified as a derivative financial instrument and is marked-to-market at each balance sheet date and recorded as a liability. In the event that the fair value is recorded as a liability, the change in fair value is recorded in the consolidated statement of operations as other income or other expense. Upon conversion or exercise of a derivative financial instrument, the instrument is marked to fair value at the conversion date and is reclassified to equity. The Company records, when necessary, discounts to convertible notes for the intrinsic value of conversion options embedded in debt instruments based upon the differences between the fair value of the underlying common stock at the commitment date of the note transaction and the effective conversion price embedded in the note. Debt discounts under these arrangements are amortized over the term of the related debt to their earliest date of notes redemption
Income Taxes	The Company accounts for its income taxes in accordance with ASC 740 “Income Taxes”, which requires recognition of deferred tax assets and liabilities for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in operations in the period that includes the enactment date. The Company has a net operating loss carryforward, however, due to the uncertainty of realization, the Company has provided a full valuation allowance for deferred tax assets resulting from this net operating loss carryforward.
Earnings (loss) Per Common Share	Basic loss per common share has been calculated based upon the weighted average number of common shares outstanding during the period in accordance with the ASC 260-10, “Earnings per Share”. Common stock equivalents are not used in the computation of loss per share, as their effect would be antidilutive. Diluted EPS includes the effect from potential issuance of common stock, including stock issuable pursuant to the assumed exercise of warrants and conversion of convertible notes and Class A Preferred Stock. Dilutive EPS is computed by dividing net income (loss) by the sum of the weighted average number of common stock outstanding, and the dilutive shares. The following table summarizes the number of shares of common stock issuable pursuant to our convertible securities that were excluded from the diluted per share calculation because the effect of including these potential shares was antidilutive even though the exercise price could be less than the average market price of the common shares: Nine Months Ended September 30, 2019 Series A Preferred Stock 1,355,000,000 Convertible notes 398,295,673 Warrants 10,000,000 Potentially dilutive securities 1,763,295,673
Use of Estimates in the Preparation of Financial Statements	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates and assumptions.
Fair Value Measurements	On January 1, 2011, the Company adopted guidance which defines fair value, establishes a framework for using fair value to measure financial assets and liabilities on a recurring basis, and expands disclosures about fair value measurements. Beginning on January 1, 2011, the Company also applied the guidance to non-financial assets and liabilities measured at fair value on a non-recurring basis, which includes goodwill and intangible assets. The guidance establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs that market participants would use in pricing the asset or liability developed based on market data obtained from independent sources. Unobservable inputs are inputs that reflect the Company’s assumptions of what market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The hierarchy is broken down into three levels based on the reliability of the inputs as follows: Level 1 - Valuation is based upon unadjusted quoted market prices for identical assets or liabilities in accessible active markets. Level 2 - Valuation is based upon quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in inactive markets; or valuations based on models where the significant inputs are observable in the market. Level 3 - Valuation is based on models where significant inputs are not observable. The unobservable inputs reflect a company’s own assumptions about the inputs that market participants would use. The Company’s financial instruments consist of cash, accounts receivable, investments, accounts payable, convertible notes payable, advances from related parties, and derivative liabilities. The estimated fair value of cash, accounts receivable, investments, accounts payable, convertible notes payable and advances from related parties approximate their carrying amounts due to the short-term nature of these instruments. Certain non-financial assets are measured at fair value on a nonrecurring basis. Accordingly, these assets are not measured and adjusted to fair value on an ongoing basis but are subject to periodic impairment tests. The Company’s derivative liabilities have been valued as Level 3 instruments. Level 1 Level 2 Level 3 Total Fair value of convertible notes derivative liability – December 31, 2018 $ – $ – $ 2,215,376 $ 2,215,376 Level 1 Level 2 Level 3 Total Fair value of convertible notes derivative liability – September 30, 2019 $ – $ – $ 3,836,085 $ 3,836,085 The following table provides a summary of changes in fair value of the Company’s Level 3 financial liabilities as of December 31, 2018 and September 30, 2019: Derivative Liability Balance, December 31, 2018 2,215,376 Additions recognized as debt discount 1,250,000 Derivative liability settlements (1,246,365 ) Mark-to-market at September 30, 2019 1,617,074 Balance, September 30, 2019 $ 3,836,085 Net loss for the year included in earnings relating to the liabilities held at September 30, 2019 $ 1,617,074
Recently Issued Accounting Pronouncements	Leases In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). This standard requires all leases that have a term of over 12 months to be recognized on the balance sheet with the liability for lease payments and the corresponding right-of-use asset initially measured at the present value of amounts expected to be paid over the term. Recognition of the costs of these leases on the income statement will be dependent upon their classification as either an operating or a financing lease. Costs of an operating lease will continue to be recognized as a single operating expense on a straight-line basis over the lease term. Costs for a financing lease will be disaggregated and recognized as both an operating expense (for the amortization of the right-of-use asset) and interest expense (for interest on the lease liability). This standard will be effective for our interim and annual periods beginning January 1, 2019 and must be applied on a modified retrospective basis to leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. We adopted this standard on January 1, 2019. The adoption of this standard did not have a material impact on our financial position or results of operations. There were various other accounting standards and interpretations issued recently, none of which are expected to have a material impact on the Company’s financial position, operations or cash flows. Management has evaluated these new pronouncements through September 30, 2019.

BASIS OF PRESENTATION AND SUM_3

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2019
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
Schedule of antidilutive securities excluded from computation of earnings per share	Nine Months Ended September 30, 2019 Series A Preferred Stock 1,355,000,000 Convertible notes 398,295,673 Warrants 10,000,000 Potentially dilutive securities 1,763,295,673
Schedule of derivative liabilities at fair value	Level 1 Level 2 Level 3 Total Fair value of convertible notes derivative liability – December 31, 2018 $ – $ – $ 2,215,376 $ 2,215,376 Level 1 Level 2 Level 3 Total Fair value of convertible notes derivative liability – September 30, 2019 $ – $ – $ 3,836,085 $ 3,836,085
Changes in the fair value of the Company's Level 3 financial liabilities	Derivative Liability Balance, December 31, 2018 2,215,376 Additions recognized as debt discount 1,250,000 Derivative liability settlements (1,246,365 ) Mark-to-market at September 30, 2019 1,617,074 Balance, September 30, 2019 $ 3,836,085 Net loss for the year included in earnings relating to the liabilities held at September 30, 2019 $ 1,617,074

INVESTMENTS, ACQUISITIONS AND_2

INVESTMENTS, ACQUISITIONS AND GOODWILL (Tables)	9 Months Ended
	Sep. 30, 2019
INVESTMENTS, ACQUISITIONS AND GOODWILL
Fair value of assets acquired	Goodwill $ 1,966,340 Current assets - Current liabilities - Total net assets acquired $ 1,966,340 The purchase price consists of the following: Cash - Common Stock 1,966,340 Total purchase price $ 1,966,340
Schedule of goodwill	Direct Solar/AI Live Assets Balance at December 31, 2018: - Aggregate goodwill acquired 1,966,340 Impairment losses - Balance at September 30, 2019: $ 1,966,340
Schedule of proforma information	Nine Months Ended September 30, 2019 Net revenue $ 2,924,672 Net loss $ (8,216,037 )

CONVERTIBLE NOTES PAYABLE (Tabl

CONVERTIBLE NOTES PAYABLE (Tables)	9 Months Ended
	Sep. 30, 2019
CONVERTIBLE NOTES PAYABLE (Tables)
Schedule of Convertible notes payable	Convertible notes payable consisted of the following: September 30, 2019 December 31, 2018 Convertible note payable with an accredited investor dated October 31, 2017, with interest at 0%, due October 31, 2017, convertible at $0.007 per share. This note is currently in default. 10,500 10,500 Convertible note payable to investor (the “CVP Note”) dated October 10, 2017, with interest at 10%, an Original Issue Discount (“OID”) of $70,000, due October 6, 2019, convertible into shares of the Company’s common stock at a discount of 60% of the average of the three lowest closing bid prices of the Company’s common stock during the 20 trading days prior to conversion. The CVP Note provides for additional tranches of a maximum of $3,970,000, which includes OID of 10%. The note includes a warrant to purchase 5,000,000 shares of the Company’s common stock at a price of $0.10 per share. The CVP Note is secured by substantially all assets of the Company. The investor converted a total of $294,500 of principal and accrued interest of this note into 67,924,982 shares of the Company’s common stock during the nine months ended September 30, 2019. Additionally, the Company repaid $40,000 of this note during the nine months ended September 30, 2019. This note is currently in default. 244,426 547,749 Convertible note payable to investor (the “UAHC Note”) dated October 10, 2017, with interest at 10%, an OID of $70,000, due October 6, 2019, convertible into shares of the Company’s common stock at a discount of 60% of the average of the three lowest closing bid prices of the Company’s common stock during the 20 trading days prior to conversion. The UAHC Note includes a warrant to purchase 5,000,000 shares of the Company’s common stock at a price of $0.10 per share. The UAHC Note is secured by substantially all assets of the Company. The investor converted a total of $125,000 of principal and accrued interest of this note into 29,543,067 shares of the Company’s common stock during the nine months ended September 30, 2019. Additionally, the Company repaid $50,000 of this note during the nine months ended September 30, 2019. This note is currently in default. 619,490 670,000 Convertible note payable, to investor (the “Iliad Note”) dated November 5, 2018 totaling $500,000, plus OID of $50,000 and legal fees of $20,000. The Iliad Note bears interest at 10% and matures on November 5, 2020. Total available under note is $5,520,000, including $500,000 OID (and $20,000 in legal fees taken on first $500,000 tranche). The Iliad Note is convertible into shares of the Company’s common stock after 180 days at a discount of 35% of the average of the three lowest closing bid prices of the Company’s common stock during the 20 trading days prior to conversion. The Company borrowed an additional $1,650,000 (including OID of $150,000) under this note during the nine months ended September 30, 2019. The Iliad Note is secured by substantially all assets of the Company. 2,220,000 570,000 Total convertible notes payable 3,094,416 1,798,249 Less debt discounts (1,219,098 ) (1,141,396 ) Convertible notes payable, net 1,875,318 656,853 Less current portion of convertible notes, net (836,658 ) (156,853 ) Long-term convertible notes payable, net $ 1,038,660 $ 500,000
Schedule of maturities of long term debt	2019 $ 836,658 2020 1,038,660 $ 1,875,318

DERIVATIVE LIABILITY (Tables)

DERIVATIVE LIABILITY (Tables)	9 Months Ended
	Sep. 30, 2019
DERIVATIVE LIABILITY (Tables)
Schedule of fair value of the derivative liability	Dividend yield: 0 % Term 0.5 – 1.0 year Volatility 114.3%–132.8 % Risk free rate: 1.75–2.63 %

REVENUE CLASSES (Tables)

REVENUE CLASSES (Tables)	9 Months Ended
	Sep. 30, 2019
REVENUE CLASSES (Tables)
Summary of operating revenue for disaggregated revenue purposes	Nine Months Ended September 30, Nine Months Ended September 30, 2019 2018 Retail $ 124,067 $ 136,317 Distribution 475,776 - Services 1,570,280 744,840 Total $ 2,170,123 $ 881,157

ORGANIZATION AND NATURE OF BU_2

ORGANIZATION AND NATURE OF BUSINESS (Details Narrative)	9 Months Ended
	Sep. 30, 2019	May 14, 2019	Aug. 31, 2018	Oct. 11, 2017	May 17, 2017
State or country of incorporation	Nevada
Incorporation date	Oct. 15, 2007
Jiffy Auto Glass [Member]
Equity ownership, percentage				51.00%
Discount Garden Supply, Inc [Member]
Equity ownership, percentage					90.00%
Shield Saver, LLC [Member]
Equity ownership, percentage			51.00%
Direct Solar, LLC [Member]
Equity ownership, percentage		51.00%

BASIS OF PRESENTATION AND SUM_4

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	9 Months Ended
	Sep. 30, 2019shares
Potentially dilutive securities	1,763,295,673
Warrants [Member]
Potentially dilutive securities	10,000,000
Convertible Notes [Member]
Potentially dilutive securities	398,295,673
Series A Preferred Stock [Member]
Potentially dilutive securities	1,355,000,000

BASIS OF PRESENTATION AND SUM_5

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Fair value of convertible notes derivative liability	$ 3,836,085	$ 2,215,376
Level 1 [Member]
Fair value of convertible notes derivative liability
Level 2 [Member]
Fair value of convertible notes derivative liability
Level 3 [Member]
Fair value of convertible notes derivative liability	$ 3,836,085	$ 2,215,376

BASIS OF PRESENTATION AND SUM_6

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2)
Balance, December 31, 2018	$ 2,215,376
Additions recognized as debt discount	1,250,000
Derivative liability settlements	(1,246,365)
Mark-to-market at September 30, 2019	1,617,074
Balance, September 30, 2019	3,836,085
Net loss for the year included in earnings relating to the liabilities held at June 30, 2019	$ 1,617,074	$ 31,236

INVESTMENTS, ACQUISITIONS AND_3

INVESTMENTS, ACQUISITIONS AND GOODWILL (Details)	Sep. 30, 2019USD ($)shares
INVESTMENTS, ACQUISITIONS AND GOODWILL (Details)
Goodwill	$ 1,966,340
Current assets
Current liabilities
Total net assets acquired	1,966,340
Cash
Common Stock | shares	1,966,340
Total purchase price	$ 1,966,340

INVESTMENTS, ACQUISITIONS AND_4

INVESTMENTS, ACQUISITIONS AND GOODWILL (Details 1)	9 Months Ended
	Sep. 30, 2019USD ($)
INVESTMENTS, ACQUISITIONS AND GOODWILL (Details 1)
Balances at December 31, 2018:
Aggregate goodwill acquired	1,966,340
Impairment losses
Balances at September 30, 2019:	$ 1,966,340

INVESTMENTS, ACQUISITIONS AND_5

INVESTMENTS, ACQUISITIONS AND GOODWILL (Details 2)	9 Months Ended
	Sep. 30, 2019USD ($)
INVESTMENTS, ACQUISITIONS AND GOODWILL
Net revenue	$ 2,924,672
Net loss	$ (8,216,037)

INVESTMENTS, ACQUISITIONS AND_6

INVESTMENTS, ACQUISITIONS AND GOODWILL (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	May 14, 2019	Dec. 31, 2018
Investment	$ 60,000		$ 60,000			$ 60,000
Total value of common stock issued			$ 1,966,340
Common share issued	1,656,829,156		1,656,829,156			1,236,319,023
Total revenue	$ 1,050,374	$ 381,037	$ 2,170,123	$ 881,157
Net loss	$ 653,654	$ (1,346,705)	$ (8,159,359)	$ (2,444,136)
Direct Solar, LLC [Member]
Investment description			The Company agreed that it shall reinvest into SDS its portion of distributions of Net Cash Flow (as defined in the Operating Agreement of SDS), if any, up to Two Hundred and Fifty Thousand ($250,000) Dollars per quarter, up to a total of Seven Hundred and Fifty Thousand ($750,000) Dollars
Common share issued					156,058,751
Membership interest					51.00%
Total revenue			$ 951,430
Net loss			(94,852)
Contributed net loss			$ 48,375

CONVERTIBLE NOTES PAYABLE (Deta

CONVERTIBLE NOTES PAYABLE (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Total convertible notes payable	$ 3,094,416	$ 1,798,249
Less debt discounts	(1,219,098)	(1,141,396)
Convertible notes payable, net	1,875,318	656,853
Less current portion of convertible notes	(836,658)	(156,853)
Long-term convertible notes payable	1,038,660	500,000
Convertible Notes [Member]
Total convertible notes payable	10,500	10,500
Total convertible notes payable	619,490	670,000
Convertible Notes Payable One [Member]
Total convertible notes payable	244,426	547,749
Convertible Notes Payable Two [Member]
Total convertible notes payable	$ 220,000	$ 570,000

CONVERTIBLE NOTES PAYABLE (De_2

CONVERTIBLE NOTES PAYABLE (Details 1)	Sep. 30, 2019USD ($)
CONVERTIBLE NOTES PAYABLE (Details 1)
2019	$ 836,658
2020	1,038,660
Total long-term debt	$ 1,875,318

CONVERTIBLE NOTES PAYABLE (De_3

CONVERTIBLE NOTES PAYABLE (Details Narrative) - USD ($)	1 Months Ended		3 Months Ended		9 Months Ended
	Apr. 30, 2018	Aug. 25, 2017	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Amortization of debt discounts			$ (530,267)	$ (92,151)	$ (1,322,297)	$ (311,626)
Accrued interest			148,822		148,822		$ 96,100
Interest expense					274,711	$ 93,204
Accrued expenses			854,730		854,730		1,345,567
Credit Agreement [Member] | ThirdParty [Member]
Accrued expenses			$ 39,499		$ 39,499		$ 52,989
Debt refinanced amount	$ 65,000
Credit agreement description	Under a credit agreement with another third-party, payable in weekly payments of approximately $800 through July 2019
Funding Purchase Agreement [Member] | Jiffy Auto Glass [Member]
Proceeds from convertible notes payable		$ 100,000
Loan cost		37,000
Total loan payable		$ 137,000

DERIVATIVE LIABILITY (Details)

DERIVATIVE LIABILITY (Details)	9 Months Ended
	Sep. 30, 2019
Dividend yield:	0.00%
Minimum [Member]
Term	6 months
Volatility	114.30%
Risk free rate:	1.75%
Maximum [Member]
Term	1 year
Volatility	132.80%
Risk free rate:	2.63%

DERIVATIVE LIABILITY (Details N

DERIVATIVE LIABILITY (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
DERIVATIVE LIABILITY (Details Narrative)
Fair value of convertible notes derivative liability	$ 3,836,085		$ 3,836,085		$ 2,215,376
Gain (loss) on change in fair value of derivative liability	$ 1,984,195	$ (98,507)	$ (1,617,074)	$ (31,236)

STOCKHOLDERS DEFICIT (Details N

STOCKHOLDERS DEFICIT (Details Narrative)	Jan. 03, 2019shares	May 31, 2019USD ($)shares	May 23, 2019shares	May 16, 2019$ / sharesshares	Sep. 30, 2019USD ($)integer$ / sharesshares	May 14, 2019shares	Dec. 31, 2018USD ($)$ / sharesshares
Common stock, Shares outstanding					1,656,829,156		1,236,319,023
Common stock, Shares issued					1,656,829,156		1,236,319,023
Common stock, Par value | $ / shares					$ 0.0001		$ 0.0001
Common stock, Shares authorized					2,000,000,000		2,000,000,000
Common stock shares issued, fair value | $					$ 165,683		$ 123,632
CEO [Member]
Convertible stock, shares converted			4,000,000
Common stock shares issued upon conversion of convertible stock			100,000,000
Investor [Member]
Debt conversion converted instrument shares issued					97,468,049
Debt conversion converted instrument, amount | $					$ 419,500
Number of investors | integer					2
March 1, 2019 [Member] | Consultant [Member]
Share price | $ / shares					$ 0.10
Issuance of common shares for services, Shares					8,000,000
Common stock shares issued, fair value | $					$ 800,000
On July 22, 2019 And August 2, 2019 [Member]
Convertible stock, shares converted					25,000,000
Common stock shares issued upon conversion of convertible stock					100,000
Direct Solar, LLC [Member]
Common stock, Shares issued						156,058,751
Acquisition shares				156,058,751
Share price | $ / shares				$ 0.0145
Convertible Preferred Stock Class A [Member]
Convertible stock, shares converted	1,750,000
Preferred stock, shares authorized					60,000,000		60,000,000
Preferred stock, Shares Issued					54,200,000		50,950,000
Voting rights, description
Preferred stock, Par value | $ / shares					$ 0.0001		$ 0.0001
Preferred stock, Shares outstanding					54,200,000		50,950,000
Convertible stock, terms of conversion feature					Each share of Class A Stock is convertible at any time into 25 shares of common stock, totaling 1,355,000,000 shares of common stock assuming full conversion of all outstanding shares
Common stock shares issued upon conversion of convertible stock	10,500,000
Series A Preferred Stock [Member] | Directors [Member]
Preferred stock, Shares Issued		10,000,000
Compensation expense | $		$ 3,100,000

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Due to related parties	$ 830,152		$ 645,788
Accrued expenses, including accrued officer salaries	854,730		1,345,567
Accrued interest	148,822		96,100
ShieldSaver founder [Member]
Due to related parties	32,020		32,020
DIGS founder [Member]
Due to related parties	2,892		2,892
Accounts payable related parties	18,222		10,738
DIGS founder [Member] | Sub-lease [Member]
Repayments of related party debt	0	$ (11,375)
CEO and President [Member]
Accounts payable related parties	16,619		22,574
Accrued expenses, including accrued officer salaries	525,411		349,000
CEO [Member]
Accrued expenses, including accrued officer salaries
Due from related parties	705,000		585,000
Accrued interest	$ 74,910		$ 18,030
Interest rate	12.00%

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative)	1 Months Ended	9 Months Ended
	Jul. 02, 2019USD ($)	Sep. 30, 2019USD ($)ft²
COMMITMENTS AND CONTINGENCIES (Details Narrative)
Lease area for office space | ft²		1,400
Monthly rent | $	$ 2,400	$ 3,376
Lease expiry term		Sep. 30, 2019
New Lease term	24 months

REVENUE CLASSES (Details)

REVENUE CLASSES (Details) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
REVENUE CLASSES (Details)
Retail	$ 124,067	$ 136,317
Distribution	475,776
Services	1,570,280	744,840
Total	$ 2,170,123	$ 881,157

DISPOSAL OF SUBSIDIARY (Details

DISPOSAL OF SUBSIDIARY (Details Narrative) - Disposal Of Subsidiary [Member]	3 Months Ended
	Sep. 30, 2019USD ($)
Non controlling amount	$ 109,153
Loss on disposal	$ (54,798)
Non-controlling interest	49.00%

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - Subsequent Event [Member] - USD ($)	Oct. 09, 2019	Oct. 07, 2019
Common stock shares issued upon conversion of convertible stock, Shares		12,254,902
Common stock shares issued upon conversion of convertible stock, Amount		$ 50,000
Common stock issued to Consultant, shares	3,500,000
Common stock issued to Consultant, amount	$ 50,000
common stock, price per share	$ 0.0143