Bravo Multinational (BRVO) 10-K 23 Jun 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Jun. 22, 2017
Document And Entity Information
Entity Registrant Name	Bravo Multinational Inc.
Entity Central Index Key	1,444,839
Document Type	10-K
Document Period End Date	Dec. 31, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float		$ 1,610,006
Entity Common Stock, Shares Outstanding		1,416,151
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,016

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Current Assets
Cash and Cash Equivalents		$ 2,563
Inventory	198,000
Prepaid Expenses	5,452	224,529
Total Current Assets	203,452	227,092
Property and Equipment - Net of Accumulated Depreciation	637
Total Assets	204,089	227,092
Liabilities
Bank Overdraft	1,638
Accounts Payable and Accrued Expenses	111,395	44,200
Customer Deposits	35,800
Equipment Loan Payable	99,000
Notes Payable	15,074	32,074
Note Payable - Related Party	669,294	22,127
Accrued Compensation	560,000	22,000
Accrued Interest	41,409
Directors Loans	1,376,480	158,498
Total Liabilities	2,910,090	278,899
Stockholders' Equity
Common Stock - $.0001 Par; 1,000,000,000 Shares Authorized, 858,535 and 849,686 Issued and Outstanding, Respectively	85	84
Preferred Stock: 50,000,000 Shares Authorized, 5,000,000 and 3,000,000 Issued and Outstanding, Respectively	500	300
Additional Paid-In-Capital	23,466,691	23,936,614
Accumulated Deficit	(26,173,277)	(23,988,805)
Total Stockholders' Equity	(2,706,001)	(51,807)
Total Liabilities and Stockholders' Equity	$ 204,089	$ 227,092

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Common stock, par value per share	$ 0.0001	$ 0.0001
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	858,535	849,686
Common stock, shares outstanding	858,535	849,686
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	5,000,000	3,000,000
Preferred stock, shares outstanding	5,000,000	3,000,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income:
Sales	$ 741,845
Cost of Sales	477,000
Gross Profit	264,845
Expenses
Amortization and Depreciation	5,071	67,722
Commissions	95,950
Contract Cancellation		726,700
Corporate Development	221,667
General and Administrative	157,884	202,933
Professional Fees	514,520	614,519
Salary	583,000	274,007
Stock Compensation Expense	569,091	326,739
Total Expenses	2,147,183	2,212,620
Loss from Operations	(1,882,338)	(2,212,620)
Other (Income) and Expense
Breach of Contract Damages Income	(50,000)
Impairment of License Right	295,000
Interest Expense	57,134	10,550
Impairment of Fixed Assets		287,598
Total Other (Income) and Expense	302,134	298,148
Net Loss	$ (2,184,472)	$ (2,510,768)
Weighted Average Number of Common Shares - Basic and Diluted	1,048,357	674,931
Net Loss Per Common Shares - Basic and Diluted	$ (2.08)	$ (3.72)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Cash Flows from Operating Activities:
Net Loss	$ (2,184,472)	$ (2,510,768)
Non-Cash Adjustments:
Amortization and Depreciation	5,071	67,722
Bad Debt Expense		20,877
Common Stock Issued in Exchange for Services	302,178	519,228
Common Stock Issued for Interest on Debt Conversion	12,947
Common Stock Issued for Compensation	268,924	689,128
Common Stock Issued for Legal Award		1,335
Common Stock Issued from Treasury		4,000
Common Stock Issued for Corporate Development		490,000
Common Stock Issued for Expense Reimbursement		3,643
Common Stock Issued for Consulting		46,250
Common Stock Issued for Contract Cancellations		726,700
Impairment of License Right	295,000
Impairment of Fixed Assets		287,598
Preferred Stock Issued for Services	200,000	300
Changes in Assets and Liabilities:
Prepaid Expenses	221,910	(224,529)
Inventory	477,000
Accounts Payable and Accrued Expenses	188,486	(256,148)
Customer Deposits	35,800
Accrued Compensation	538,000	22,000
Accrued Interest	41,409
Net Cash Flows Used In Operating Activities	402,253	(112,664)
Cash Flows from Investing Activities
Acquisition of Fixed Assets	(708)
Cash Flows from Financing Activities
Bank Overdraft	1,638
Payment of Notes Payable	(8,611)
Payment of Equipment Loan	(238,500)
Director's Loans	(158,635)	111,623
Net Cash Flows Used In Financing Activities	(404,108)	111,623
Net Change in Cash and Cash Equivalents	(2,563)	(1,041)
Cash and Cash Equivalents - Beginning of Year	2,563	3,604
Cash and Cash Equivalents - End of Year		2,563
Cash Paid During the Year for:
Interest
Income Taxes
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Common Stock Exchanged for Debt Conversion	311,473	206,945
Common Stock Issued for Acquistion of Equipment	337,500
Loan Payable for Acquistion of Equipment	337,500
Common Stock Issued for Accrued Expenses	121,290
Common Stock Issued for Acquistion of License Right	300,000
Common Stock Returned in Exchange for Promissory Notes	$ (2,313,920)

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)	Common Stock [Member]	Preferred Stock [Member]	Additional Paid-In Capital [Member]	Accumulated Deficit [Member]	Total
Balance at Dec. 31, 2014	$ 47		$ 21,464,283	$ (21,478,037)	$ (13,707)
Balance, shares at Dec. 31, 2014	475,832
Common Stock Issued in Exchange for Services	$ 11		519,217		519,228
Common Stock Issued in Exchange for Services, shares	114,645
Common Stock Issued for Legal Award	$ 0		1,335		1,335
Common Stock Issued for Legal Award, shares	500
Common Stock Issued from Treasury	$ 0		4,000		4,000
Common Stock Issued from Treasury, shares	570
Common Stock Issued for Loan Conversion	$ 4		206,941		206,945
Common Stock Issued for Loan Conversion, shares	36,976
Common Stock Issued in Exchange for Compensation	$ 9		689,119		689,128
Common Stock Issued in Exchange for Compensation, shares	88,480
Common Stock Issued for Corporate Development	$ 6		489,994		490,000
Common Stock Issued for Corporate Development, shares	58,333
Common Stock Issued for Expense Reimbursement	$ 0		3,643		3,643
Common Stock Issued for Expense Reimbursement, shares	527
Common Stock Issued for Consulting	$ 0		46,250		46,250
Common Stock Issued for Consulting, shares	7,156
Common Stock Issued for Contract Cancellations	$ 10		726,690		726,700
Common Stock Issued for Contract Cancellations, shares	95,000
Common Stock Cancelled ~ Vendor Contract Termination	$ (3)		(214,858)		(214,861)
Common Stock Cancelled ~ Vendor Contract Termination, shares	(28,333)
Preferred Stock Issued for Services		$ 300			300
Preferred Stock Issued for Services, shares		3,000,000
Net loss				(2,510,768)	(2,510,768)
Balance at Dec. 31, 2015	$ 84	$ 300	23,936,614	(23,988,805)	(51,807)
Balance, shares at Dec. 31, 2015	849,686	3,000,000
Common Stock Issued in Exchange for Accrued Expenses	$ 2		121,288		121,290
Common Stock Issued in Exchange for Accrued Expenses, shares	20,833
Common Stock Issued for Loan Conversion	$ 8		311,465		311,473
Common Stock Issued for Loan Conversion, shares	69,148
Common Stock Issued in Exchange for Compensation	$ 3		268,921		268,924
Common Stock Issued in Exchange for Compensation, shares	33,480
Common Stock Issued for Acquisition of Equipment	$ 4		337,496		337,500
Common Stock Issued for Acquisition of Equipment, shares	41,667
Common Stock Issued for Services	$ 4		305,007		305,011
Common Stock Issued for Services, shares	41,208
Common Stock Issued for License Rights	$ 3		299,997		300,000
Common Stock Issued for License Rights, shares	33,333
Common Stock Cancelled by Court Order	$ 0
Common Stock Cancelled by Court Order, shares	(1,667)
Common Stock Returned in Exchange for Promissory Notes	$ (23)		(2,313,897)		(2,313,920)
Common Stock Returned in Exchange for Promissory Notes, Shares	(229,153)
Preferred Stock Issued for Services		$ 200	199,800		200,000
Preferred Stock Issued for Services, shares		2,000,000
Net loss				(2,184,472)	(2,184,472)
Balance at Dec. 31, 2016	$ 85	$ 500	$ 23,466,691	$ (26,173,277)	$ (2,706,001)
Balance, shares at Dec. 31, 2016	858,535	5,000,000

Organization & Description of B

Organization & Description of Business	12 Months Ended
	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization & Description of Business	NOTE 1 – Organization & Description of Business Bravo Multinational Corporation (the “Company,” “we” or “us”) was originally formed as Montrose Ventures, Inc. in the State of Delaware on May 25, 1989. On April 23, 1996, the Company's name was changed to Java Group, Inc., and on September 1, 2004 the name was changed to Consolidated General Corp. On August 7, 2007, the company's name was changed to GoldCorp Holdings Co. On October 15, 2010, our name was changed to GoldLand Holdings Co. . The Company filed a Form 8-K with the SEC on April 7, 2016, announcing the change of name, trading symbol, and CUSIP identifier. The Company owns patented mining claims on War Eagle Mountain in the state of Idaho. In 2016, the Company decided not to continue its leases of unpatented mining claims through the U.S. Bureau of Land Management (BLM). The Company entered into a lease agreement with Silver Falcon Mining, Inc. (SFMI) under which SFMI is entitled to mine the land and the Company is entitled to a 15% net royalty on all minerals extracted by SFMI from tailing piles on the premises or through shafts or adits located on the premises. The lease agreement was deferred for a two year period, 2014 and 2015, so that SFMI could restructure is finances. The Company determined that SFMI is unable to pay the lease and that any debt owing by SFMI to the Company is not recoverable. The carrying value on such claims both patented and unpatented were fully impaired due to lack of economic viabilites of such properties. On May 4 th th

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2016
Summary Of Significant Accounting Policies
Summary of Significant Accounting Policies	NOTE 2 – Summary of Significant Accounting Policies Principles of Consolidation The consolidated financial statements include the accounts of Bravo Multinational Incorporated, and its wholly owned subsidiary; Universal Entertainment SAS, Ltd., (the “Company”). All significant inter-company balances have been eliminated in consolidation. Method of Accounting The Company's consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Cash and Cash Equivalents Cash and cash equivalents include time deposits, certificates of deposit, and all highly liquid debt instruments with original maturities of three months or less. The Company maintains cash and cash equivalents at financial institutions located in the United States, which periodically may exceed federally insured amounts. Inventory The Company calculates inventory utilizing the first-in, first-out method (FIFO) of determining cost. Earnings (Loss) per Share Earnings per share of common stock are computed in accordance with FASB ASC 260 “Earnings per Share”. Basic earnings (loss) per share are computed by dividing income or loss available to common shareholders by the weighted-average number of common shares outstanding for each period. Diluted earnings per share are calculated by adjusting the weighted average number of shares outstanding assuming conversion of all potentially dilutive stock options, warrants and convertible securities, if dilutive. Common stock equivalents that are anti-dilutive are excluded from both diluted weighted average number of common shares outstanding and diluted earnings (loss) per share. Stock Based Compensation The Company has issued and may issue stock in lieu of cash for certain transactions.The fair value of the stock, which is based on comparable cash purchases, third party fair values of shares or the value of services, whichever is more readily determinable, is used to value the transaction. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and 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. Fair Value of Financial Instruments The estimated fair values for financial instruments are determined at discrete points in time based on relevant market information. These estimates involve uncertainties and cannot be determined with precision. The carrying amounts of accounts payable, accrued liabilities, and notes payable approximate fair value given their short term nature or effective interest rates. Revenue Recognition The Company recognizes revenue from product sales or services rendered when the following four revenue recognition criteria are met: persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the selling price is fixed or determinable, and collectability is reasonably assured. Property and Equipment Property and equipment are recorded at cost. Depreciation is provided for on the straight-line method over the estimated useful lives of the assets. The average lives range from five (5) to seven (7) years. Maintenance and repairs that neither materially add to the value of the property nor appreciably prolong its life are charged to expense as incurred. Betterments or renewals are capitalized when incurred. For the years ended December 31, 2016 and 2015, depreciation expense was $71 and $67,722, respectively. License Rights The license is being amortized using the straight-line method over its economic life, which is estimated to be fifteen (15) years. For the years ended December 31, 2016 and 2015 amortization expense was $5,000 and $-0-, respectively. At December 31, 2016 the net value of the license rights of $295,000 were determined to be impaired. The rights were impaired due to the inability in Columbia, at the date of this report, to be able to obtain gaming licenses. Impairment of Long-Lived Assets Management evaluates the Company's long-lived assets, excluding goodwill, that consist of property, plant and equipment and intangible assets, for indicators of possible impairment when events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. Impairment exists if the carrying amounts of such assets exceed the estimates of future net undiscounted cash flows expected to be generated by such assets. Should impairment exist, the impairment loss would be measured based on the excess carrying amount of the asset over the estimated fair value of the asset. Fair value is determined through various valuation techniques, including discounted cash flow models, quoted market values and third-party independent appraisers, as considered necessary. During the years ended December 31, 2016 and 2015, the Company recognized impairment of license rights in the amount of $295,000 and impairment of fixed assets in the amount of $287,598. Reclassifications Certain prior year balance sheet and statement of operations amounts have been reclassified to conform to current year presentation. These amounts had no effect on the reported results of operations. Prior Period Adjustment The financial statements for the year ended December 31, 2015, as previously filed with the SEC on April 28, 2016 have been restated. The previously filed financial statements contained a line item in the statement of operations described as “Prior Period Adjustment” in the amount of $61,200. This item should not have been shown on the statement of operations for the year ended December 31, 2015, but should have been shown as a prior period adjustment to retained earnings. The company has corrected the error by increasing the balance of retained earnings at January 1, 2015 by $61,200 from $21,450,055 to $21,478,037. The Company has also restated the year ended December 31, 2015 by increasing net loss by $287,598 to $2,510,768. The increase in the loss was due to the impairment of fixed assets in the amount of $287,598. Prepaid expenses were also reduced by $214,861 and Additional Paid in Capital was reduced $214,011 for a cancellation of stock issued in the amount of $850 due to a termination of a consulting contract.

Recently Issued Accounting Stan

Recently Issued Accounting Standards	12 Months Ended
	Dec. 31, 2016
Recently Issued Accounting Standards
Recently Issued Accounting Standards	NOTE 3 – Recently Issued Accounting Standards The Company has implemented all new accounting pronouncements that are in effect and that may impact its consolidated financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

Going Concern

Going Concern	12 Months Ended
	Dec. 31, 2016
GOING CONCERN [Abstract]
Going Concern	NOTE 4 – Going Concern The Company's consolidated financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has reported recurring losses from operations. As a result, there is an accumulated deficit of at December 31, 2016. The Company has begun to generate income from its sales of inventory of gaming equipment and anticipates that this income may sufficiently support the ongoing operating expenses of the Company going forward. While the Company is attempting to continue operations and generate revenues, the Company's cash position may not be significant enough to support the Company's daily operations. Management intends to raise additional funds by way of a public or private offering. Management believes that the actions presently being taken to further implement the Company's business plan and generate revenues provide the opportunity for the Company to continue as a going concern. While the Company believes in the viability of its strategy to generate revenues and in its ability to raise additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon the Company's ability to further implement its business plan and generate revenues.

Fixed Assets

Fixed Assets	12 Months Ended
	Dec. 31, 2016
Fixed Assets
Fixed Assets	NOTE 5 – Fixed Assets Property and equipment consisted December 31, 2016 2015 Furniture and Equipment $ 708 $ - Less: Accumulated Depreciation 71 - Net Property and Equipment $ 637 $ -

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 6 – Related Party Transactions During the year ended December 31, 2016, ninety (90) gaming machines were sold to a company controlled by Mr. Paul Parliament the company's chief executive officer, a related party for a total of $630,000. The sale reduced the note payable to Mr. Parliament in the amount of $342,000. The company also sold 5 gaming machines to Richard A. Kaiser Sr., the parent of the Director, Richard Kaiser for $34,250. During the year ended December 31, 2016 GameTouch LLC a related party, sold equipment and collected the receipts of those sales on behalf of the company in the amount of $741,845, including those sales to related parties listed above. GameTouch LLC also received from the company commissions in the amount of $95,950 for the year ended December 31, 2016 related to the sales. During the year ended December 31, 2016 the company purchased gaming machines for resale from Centro de Entretenimiento y Diversion Mombacho S.A., a related party for $675,000. Directors Loans consist of four (4) and three (3) loans from directors at December 31, 2016 and 2015. The loans accrue interest at 8% and mature in October 2018. Directors Loans were $1,376,480 and $158,498, at December 31, 2016 and 2015, respectively. Note payable - related party consists of amounts due to Julios Kosta and Martin Wolfe, both major stockholders of the company. Both loans accrue interest at 8% and matures in October 2018. Note payable to Julios Kosta was $457,886 and $22,127at December 31, 2016 and 2015, respectively. Note payable to Martin Wolfe was $211,408 and $-0- at December 31, 2016 and 2015, respectively. During the year ended December 31, 2015, the company incurred $49,595 in bad debts for the write off of related party receivables. The Company utilizes the services of YES INTERNATIONAL, LLC which is controlled by Richard Kaiser who is a member of the Board of Directors. YES INTERNATIONAL, LLC provides services at no cost, except for press release wire fee services.

Notes Payable

Notes Payable	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Notes Payable	NOTE 7 – Notes Payable Notes Payable consists of the following unsecured notes at December 31, 2016 and 2015: December 31, 2016 2015 Al Yee – Accrues 7% Interest, Matures January 2017 $ 5,000 $ 5,000 Michael Walkil – Non Interest Bearing, Due on Demand 4,490 4,490 Gabe Lupia – Non Interest Bearing, Due on Demand 5,000 5,000 KBN Worldwide –– 17,584 Jack Frydman 584 –– Total Notes Payable $ 15,074 $ 32,074 All interest is accrued at 8%. Interest expense for the years ended December 31, 2016 and 2015 was $57,134 and $10,550, respectively.

Equipment Loan Payable

Equipment Loan Payable	12 Months Ended
	Dec. 31, 2016
Equipment Loan Payable Abstract
Equipment Loan Payable	NOTE 8 – Equipment Loan Payable Equipment loan payable is a non-interest bearing loan due to Centro de Entretenimiento y Diversion Mombacho S.A. Payment of $2,250 per gaming equipment sold is due immediately once the sale of gaming equipment is complete. Amount due at December 31, 2016 and 2015 was $99,000 and $-0-, respectively.

Capital Stock

Capital Stock	12 Months Ended
	Dec. 31, 2016
Capital Stock
Capital Stock	NOTE 9 – Capital Stock Preferred Stock On January 16, 2017, the Company amended its certificate of incorporation to authorize an increase in preferred shares to 50,000,000 from 5,000,000. Preferred stock can be converted into 10 share of common stock and have voting rights equal to 100 shares of common stock Common Stock Reverse Stock Split On January 16, 2017, the Company amended its certificate of incorporation to effect a one-for-three hundred (1:300) reverse stock split. This reverse stock split became effective as of the close of business on January 16, 2017. The reverse stock split had no effect on the par value of its common stock and did not reduce the number of authorized shares of common stock but reduced the number of issued and outstanding shares of common stock by the ratio. Accordingly, the issued and outstanding shares, stock options disclosures, net loss per share, and other per share disclosures for all periods presented have been retrospectively adjusted to reflect the impact of this reverse stock split.

Commitments

Commitments	12 Months Ended
	Dec. 31, 2016
Commitments
Commitments	NOTE 10 – Commitments The Company leases office space in Niagara On the Lake, Ontario, Canada from a Canadian company owned by Paul Parliament, a related party. The original lease was from April 2015 through May 2017 at a rate of $1,884 per month. The lease has been extended through December 2017 at a reduced rate of $942. Rent expense for the years ended December 31, 2016 and 2015 was $22,608 and $16,815, respectively.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2016
Subsequent Events [Abstract]
Subsequent Events	NOTE 11 - Subsequent Events Recapitalization As of the close of business on January 16, 2017, the Board of Directors and the Shareholders approved a recapitalization (reverse stock split), the authorization of additional preferred shares and the election of three (3) directors. 1.) Each three hundred shares of common stock outstanding converted into one share of common stock of the Company. 2.) The following persons were elected to the board of directors to serve until the next annual meeting or until their replacement is elected: Paul Parliament Director Douglas Brooks Director Richard Kaiser Director 3.) The Articles of Incorporation were amended to increase the authorized shares to 1,050,000,000, consisting of 1,000,000,000 shares of common stock and 50,000,000 shares of preferred stock. The common and preferred shares have a par value of $.0001 per share. The preferred shares are blank check preferred and they may be issued with the preferences determined by the board of directors. The accompanying financial statements have been adjusted to reflect the reverse stock split. On February 28, 2017 the company's Chief Financial Officer, Mr. Martin Wolfe, CPA, CA resigned all positions held with the company. Mr. Richard Kaiser current Director, Secretary and Chief Governance Officer for the company was appointed by the Board of Directors as interim Chief Financial Officer. On June 2, 2017, the Company issued a promissory note payable in the amount of $22,400 accruing interest at 8% with payments made quarterly until maturity in June 2019.

Summary of Significant Accoun18

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2016
Summary Of Significant Accounting Policies Policies
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of Bravo Multinational Incorporated, and its wholly owned subsidiary; Universal Entertainment SAS, Ltd., (the “Company”). All significant inter-company balances have been eliminated in consolidation.
Method of Accounting	Method of Accounting The Company's consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”).
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include time deposits, certificates of deposit, and all highly liquid debt instruments with original maturities of three months or less. The Company maintains cash and cash equivalents at financial institutions located in the United States, which periodically may exceed federally insured amounts.
Inventory	Inventory The Company calculates inventory utilizing the first-in, first-out method (FIFO) of determining cost.
Earnings (Loss) per Share	Earnings (Loss) per Share Earnings per share of common stock are computed in accordance with FASB ASC 260 “Earnings per Share”. Basic earnings (loss) per share are computed by dividing income or loss available to common shareholders by the weighted-average number of common shares outstanding for each period. Diluted earnings per share are calculated by adjusting the weighted average number of shares outstanding assuming conversion of all potentially dilutive stock options, warrants and convertible securities, if dilutive. Common stock equivalents that are anti-dilutive are excluded from both diluted weighted average number of common shares outstanding and diluted earnings (loss) per share
Stock Based Compensation	Stock Based Compensation The Company has issued and may issue stock in lieu of cash for certain transactions.The fair value of the stock, which is based on comparable cash purchases, third party fair values of shares or the value of services, whichever is more readily determinable, is used to value the transaction.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and 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
Fair Value of Financial Instruments	Fair Value of Financial Instruments The estimated fair values for financial instruments are determined at discrete points in time based on relevant market information. These estimates involve uncertainties and cannot be determined with precision. The carrying amounts of accounts payable, accrued liabilities, and notes payable approximate fair value given their short term nature or effective interest rates.
Revenue Recognition	Revenue Recognition The Company recognizes revenue from product sales or services rendered when the following four revenue recognition criteria are met: persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the selling price is fixed or determinable, and collectability is reasonably assured.
Property and Equipment	Property and Equipment Property and equipment are recorded at cost. Depreciation is provided for on the straight-line method over the estimated useful lives of the assets. The average lives range from five (5) to seven (7) years. Maintenance and repairs that neither materially add to the value of the property nor appreciably prolong its life are charged to expense as incurred. Betterments or renewals are capitalized when incurred. For the years ended December 31, 2016 and 2015, depreciation expense was $71 and $67,722, respectively
License Rights	License Rights The license is being amortized using the straight-line method over its economic life, which is estimated to be fifteen (15) years. For the years ended December 31, 2016 and 2015 amortization expense was $5,000 and $-0-, respectively. At December 31, 2016 the net value of the license rights of $295,000 were determined to be impaired. The rights were impaired due to the inability in Columbia, at the date of this report, to be able to obtain gaming licenses.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets Management evaluates the Company's long-lived assets, excluding goodwill, that consist of property, plant and equipment and intangible assets, for indicators of possible impairment when events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. Impairment exists if the carrying amounts of such assets exceed the estimates of future net undiscounted cash flows expected to be generated by such assets. Should impairment exist, the impairment loss would be measured based on the excess carrying amount of the asset over the estimated fair value of the asset. Fair value is determined through various valuation techniques, including discounted cash flow models, quoted market values and third-party independent appraisers, as considered necessary. During the years ended December 31, 2016 and 2015, the Company recognized impairment of license rights in the amount of $295,000 and impairment of fixed assets in the amount of $287,598.
Reclassifications	Reclassifications Certain prior year balance sheet and statement of operations amounts have been reclassified to conform to current year presentation. These amounts had no effect on the reported results of operations.
Prior Period Adjustment	Prior Period Adjustment The financial statements for the year ended December 31, 2015, as previously filed with the SEC on April 28, 2016 have been restated. The previously filed financial statements contained a line item in the statement of operations described as “Prior Period Adjustment” in the amount of $61,200. This item should not have been shown on the statement of operations for the year ended December 31, 2015, but should have been shown as a prior period adjustment to retained earnings. The company has corrected the error by increasing the balance of retained earnings at January 1, 2015 by $61,200 from $21,450,055 to $21,478,037. The Company has also restated the year ended December 31, 2015 by increasing net loss by $287,598 to $2,510,768. The increase in the loss was due to the impairment of fixed assets in the amount of $287,598. Prepaid expenses were also reduced by $214,861 and Additional Paid in Capital was reduced $214,011 for a cancellation of stock issued in the amount of $850 due to a termination of a consulting contract.

Fixed Assets (Tables)

Fixed Assets (Tables)	12 Months Ended
	Dec. 31, 2016
Fixed Assets Tables
Fixed Assets	Property and equipment consisted December 31, 2016 2015 Furniture and Equipment $ 708 $ - Less: Accumulated Depreciation 71 - Net Property and Equipment $ 637 $ -

Notes Payable (Tables)

Notes Payable (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Payable Tables
Unsecured notes	December 31, 2016 2015 Al Yee – Accrues 7% Interest, Matures January 2017 $ 5,000 $ 5,000 Michael Walkil – Non Interest Bearing, Due on Demand 4,490 4,490 Gabe Lupia – Non Interest Bearing, Due on Demand 5,000 5,000 KBN Worldwide –– 17,584 Jack Frydman 584 –– Total Notes Payable $ 15,074 $ 32,074

Organization & Description of21

Organization & Description of Business (Details) - USD ($)	May 04, 2016	Dec. 31, 2016	Dec. 31, 2015
Business Acquisition [Line Items]
Royalty percentage		15.00%	15.00%
Commissions		$ 95,950
GameTouch LLC [Member]
Business Acquisition [Line Items]
Commissions		95,950
Commision per machine		$ 950
Centro de Entretenimiento y Diversion Mombacho S.A. [Member]
Business Acquisition [Line Items]
Debt instrument face amount	$ 337,500
Debt instrument interest rate percentage	3.50%
Centro de Entretenimiento y Diversion Mombacho S.A. [Member] | Common Stock [Member]
Business Acquisition [Line Items]
Issuance of common stock for purchase of gaming equipment, shares	41,667

Summary of Significant Accoun22

Summary of Significant Accounting Policies (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Amortization of License Rights	15 years
Depreciation expense	$ 71	$ 67,722
Amortization expense	5,000	0
Impairment of Long-Lived Assets	295,000
Impairment of Fixed Assets		287,598
Prior Period Adjustment		61,200
Retained earnings	(26,173,277)	(23,988,805)	$ 21,478,037
Net Loss	$ 2,184,472	2,510,768
Previously Reported [Member]
Retained earnings			21,450,055
Adjustment [Member]
Retained earnings			$ 61,200
Net Loss		287,598
Prepaid expense reduction		214,861
Additional paid in Captial reduced		214,011
Value of stock cancelled		$ 850
Maximum [Member]
Property and Equipment useful life of Assets	5 years
Minimum [Member]
Property and Equipment useful life of Assets	7 years

Fixed Assets (Details) (USD $)

Fixed Assets (Details) (USD $) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Fixed Assets Details Usd
Furniture and Equipment	$ 708
Less: Accumulated Depreciation	71
Net Property and Equipment	$ 637

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Related Party Transaction [Line Items]
Royalty percentage	15.00%	15.00%
Amounts included in current financial statements due to uncertainty of collection		$ 0
Note payable related party	$ 669,294	22,127
Commissions	$ 95,950
Accrue interest rate	8.00%
Write off bad debts		49,595
Chief Executive Officer [Member]
Related Party Transaction [Line Items]
Related party transaction	$ 630,000
Note payable related party	$ 342,000
Director [Member]
Related Party Transaction [Line Items]
Accrue interest rate	8.00%
Debt maturity date	Oct. 31, 2018
Due from related parties	$ 1,376,480	158,498
Richard A. Kaiser Sr. [Member]
Related Party Transaction [Line Items]
Related party transaction	34,250
GameTouch LLC [Member]
Related Party Transaction [Line Items]
Related party transaction	741,845
Commissions	95,950
Game Touch LLC Centro de Entretenimiento y Diversion Mombacho SA [Member]
Related Party Transaction [Line Items]
Related party transaction	675,000
Julios Kosta [Member]
Related Party Transaction [Line Items]
Note payable related party	$ 457,886	$ 22,127
Accrue interest rate	8.00%	8.00%
Martin Wolfe [Member]
Related Party Transaction [Line Items]
Note payable related party	$ 211,408	$ 0

Notes Payable (Details)

Notes Payable (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Total Notes Payable	$ 15,074	$ 32,074
Accrue interest rate	8.00%
Interest Expense	$ 57,134	10,550
Al Yee [Member]
Total Notes Payable	$ 5,000	5,000
Accrue interest rate	7.00%
Debt maturity date	Jan. 31, 2017
Michael Walkil [Member]
Total Notes Payable	$ 4,490	4,490
Gabe Lupia [Member]
Total Notes Payable	5,000	5,000
KBN Worldwide [Member]
Total Notes Payable		17,584
Jack Frydman [Member]
Total Notes Payable	$ 584

Equipment Loan Payable (Details

Equipment Loan Payable (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Loan payable	$ 99,000	$ 0
Centro de Entretenimiento y Diversion Mombacho S.A. [Member] | Loans payable [Member]
Repayment of debt	$ 2,250

Capital Stock (Details)

Capital Stock (Details) - shares	12 Months Ended
	Dec. 31, 2016	Jan. 16, 2017	Dec. 31, 2015
Preferred stock, shares authorized	50,000,000		50,000,000
Preferred stock voting rights description	Preferred stock can be converted into 10 share of common stock and have voting rights equal to 100 shares of common stock
Reverse stock split	1:300
Subsequent Event [Member]
Preferred stock, shares authorized		50,000,000

Commitments (Details)

Commitments (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Rent Expense	$ 22,608	$ 16,815
April 2015 through May 2017 [Member]
Lease per month	1,884
May 2017 through Dec 2017 [Member]
Lease per month	$ 942

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)	Jun. 02, 2017	Dec. 31, 2016	Jan. 16, 2017	Dec. 31, 2015
Subsequent Event [Line Items]
Reverse stock split		1:300
Common stock Shares authorized		1,000,000,000		1,000,000,000
Preferred stock Shares authorized		50,000,000		50,000,000
Common stock par value		$ 0.0001		$ 0.0001
Accrue interest rate		8.00%
Subsequent Event [Member]
Subsequent Event [Line Items]
Shares authorized			1,050,000,000
Common stock Shares authorized			1,000,000,000
Preferred stock Shares authorized			50,000,000
Common stock par value			$ .0001
Preferred stock par value			$ .0001
Issued promissory note payable	$ 22,400
Accrue interest rate	8.00%
Debt maturity date	Jun. 30, 2019