Basanite (BASA) 10-Q 19 Aug 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Aug. 18, 2019
Document And Entity Information
Entity Registrant Name	BASANITE, INC.
Entity Central Index Key	0001448705
Document Type	10-Q
Document Period End Date	Jun. 30, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2019
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Incorporation State Country Code	NV
Entity File Number	000-53574
Entity Common Stock, Shares Outstanding		196,902,278

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2019	Dec. 31, 2018
CURRENT ASSETS
Cash	$ 927,480	$ 121,831
Accounts receivable, net	2,898	883
Inventory	168,445	56,586
Prepaid expenses	41,030	83,177
Other current assets	191,971	24,000
TOTAL CURRENT ASSETS	1,331,824	286,477
Lease right of use asset	1,326,588
Fixed assets, net	624,107	23,700
Deposits	22,500	200,000
TOTAL LONG TERM ASSETS	1,973,195	223,700
TOTAL ASSETS	3,305,019	510,177
CURRENT LIABILITIES
Accounts payable	233,764	1,002,238
Due to related party		3,422
Accrued expenses	465,618	633,047
Accrued legal liability	781,294
Notes payable	222,462
Notes payable - related party		325,425
Notes payable - convertible	303,524	293,524
Notes payable - convertible - related party	50,000	290,273
Lease liability - current portion	206,053
TOTAL CURRENT LIABILITIES	2,262,715	2,547,929
Lease liability - net of current portion	1,218,165
TOTAL LIABILITIES	3,480,880	2,547,929
COMMITMENTS AND CONTINGENCIES (SEE NOTE 9)
STOCKHOLDERS' DEFICIT
Preferred stock, $0.001 par value, 5,000,000 shares authorized, none issued and outstanding, respectively as of June 30, 2019 and December 31, 2018
Common stock, $0.001 par value, 1,000,000,000 shares authorized, 196,902,278 and 154,202,008 shares issued and outstanding, respectively as of June 30, 2019 and December 31, 2018	196,903	154,202
Additional paid in capital	23,249,862	18,718,283
Accumulated deficit	(23,622,626)	(21,135,252)
TOTAL STOCKHOLDERS' DEFICIT - CONTROLLING INTEREST	(175,861)	(2,262,767)
Non-controlling interest		225,015
TOTAL STOCKHOLDERS' DEFICIT	(175,861)	(2,037,752)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 3,305,019	$ 510,177

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Preferred stock, par value per share	$ 0.001	$ 0.001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value per share	$ 0.001	$ 0.001
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	196,902,278	154,202,008
Common stock, shares outstanding	196,902,278	154,202,008

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenue
Products Sales - Rebar	$ 2,898	$ 5,872	$ 2,898	$ 84,152
Total revenue	2,898	5,872	2,898	84,152
Total cost of goods sold	41,176	8,546	44,469	86,987
Gross loss	(38,278)	(2,674)	(41,571)	(2,835)
OPERATING EXPENSES
Professional fees	62,410	56,982	214,274	90,370
Payroll, taxes and benefits	227,697	69,438	317,309	166,432
Consulting	58,017	118,742	216,090	219,691
General and administrative	1,245,688	318,840	1,499,717	788,060
Bad debt expense				24,242
Total operating expenses	1,593,812	564,002	2,247,390	1,288,795
NET LOSS FROM OPERATIONS	(1,632,090)	(566,676)	(2,288,961)	(1,291,630)
OTHER INCOME (EXPENSE)
Gain on sale of a fixed asset			700
Miscellaneous income	1,274		1,274
Gain on settlement of payable	137,497		137,497
Gain (loss) on extinguishment of debt	2,886	(90,061)	2,886	(90,061)
Impairment of fixed assets	(1,478)		(1,478)
Interest expense	(15,632)	(29,546)	(47,142)	(52,408)
Total other income (expense)	124,547	(119,607)	93,737	(142,469)
LOSS FROM CONTINUING OPERATIONS BEFORE DISCONTINUED OPERATIONS	(1,507,543)	(686,283)	(2,195,224)	(1,434,099)
LOSS FROM DISCONTINUED OPERATIONS		(10,912)		(19,153)
Deemed dividends	(292,150)		(292,150)
NET LOSS	(1,799,693)	(697,195)	(2,487,374)	(1,453,252)
Net loss attributable to non-controlling interest		(595)		352
Net loss attributable to controlling interest	$ (1,799,693)	$ (696,600)	$ (2,487,374)	$ (1,453,604)
Net loss per share - basic and diluted
Continuing operations	$ (0.008)	$ (0.005)	$ (0.013)	$ (0.011)
Discontinued operations	0	0	0	0
Total	$ (0.008)	$ (0.005)	$ (0.013)	$ (0.011)
Weighted average number of shares outstanding - basic and diluted	188,411,391	131,018,674	174,155,883	130,060,338

CONSOLIDATED STATEMENT OF STOCK

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT) (Unaudited) - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Subscription Receivable [Member]	Non-controlling Interest	Total
Balance at Dec. 31, 2017		$ 128,306	$ 14,917,066	$ (15,225,303)	$ (500)	$ 224,475	$ 44,044
Balance, shares at Dec. 31, 2017		128,305,800
Stock-based compensation			278,304				278,304
Stock issued for cash		$ 1,858	479,392				481,250
Stock issued for cash, shares		1,858,333
Related party forgiveness of debt			215,300				215,300
Subscription receivable					500		500
Net income (loss)				(755,814)		(243)	(756,057)
Balance at Mar. 31, 2018		$ 130,164	15,890,062	(15,981,117)		224,232	263,341
Balance, shares at Mar. 31, 2018		130,164,133
Balance at Dec. 31, 2017		$ 128,306	14,917,066	(15,225,303)	(500)	224,475	44,044
Balance, shares at Dec. 31, 2017		128,305,800
Shares issued to convert notes payable
Net income (loss)							(1,453,252)
Balance at Jun. 30, 2018		$ 131,019	16,281,047	(16,677,717)		223,637	(42,014)
Balance, shares at Jun. 30, 2018		131,018,674
Balance at Mar. 31, 2018		$ 130,164	15,890,062	(15,981,117)		224,232	263,341
Balance, shares at Mar. 31, 2018		130,164,133
Stock-based compensation			207,788				207,788
Stock issued for cash		$ 580	93,411				93,991
Stock issued for cash, shares		579,966
Shares issued for debt extension		$ 275	89,786				90,061
Shares issued for debt extension, shares		274,575
Net income (loss)				(696,600)		(595)	(697,195)
Balance at Jun. 30, 2018		$ 131,019	16,281,047	(16,677,717)		223,637	(42,014)
Balance, shares at Jun. 30, 2018		131,018,674
Balance at Dec. 31, 2018		$ 154,202	18,718,283	(21,135,252)		225,015	(2,037,752)
Balance, shares at Dec. 31, 2018		154,202,008
Shares issued to convert notes payable		$ 1,701	507,477				509,178
Shares issued to convert notes payable, Shares		1,700,985
Stock-based compensation			73,603				73,603
Stock issued for cash		$ 15,500	759,500				775,000
Stock issued for cash, shares		15,500,000
Stock issued to purchase non-controlling interest in Basalt America Territory #1		$ 2,010	223,005			(225,015)
Stock issued to purchase non-controlling interest in Basalt America Territory #1, shares		2,010,000
Net income (loss)				(687,681)			(687,681)
Balance at Mar. 31, 2019		$ 173,413	20,281,868	(21,822,933)			(1,367,652)
Balance, shares at Mar. 31, 2019		173,412,993
Balance at Dec. 31, 2018		$ 154,202	18,718,283	(21,135,252)		225,015	(2,037,752)
Balance, shares at Dec. 31, 2018		154,202,008
Shares issued to convert notes payable							509,178
Net income (loss)							(2,487,374)
Balance at Jun. 30, 2019		$ 196,903	23,249,862	(23,622,626)			(175,861)
Balance, shares at Jun. 30, 2019		196,902,278
Balance at Mar. 31, 2019		$ 173,413	20,281,868	(21,822,933)			(1,367,652)
Balance, shares at Mar. 31, 2019		173,412,993
Stock-based compensation			1,045,734				1,045,734
Stock issued for cash		$ 5,779	479,221				485,000
Stock issued for cash, shares		5,778,570
Warrants exercised for cash		$ 17,711	1,150,889				1,168,600
Warrants exercised for cash, Shares		17,710,715
Deemed dividend on common stock			292,150				292,150
Net income (loss)				(1,799,693)			(1,799,693)
Balance at Jun. 30, 2019		$ 196,903	$ 23,249,862	$ (23,622,626)			$ (175,861)
Balance, shares at Jun. 30, 2019		196,902,278

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss attributable to controlling interests	$ (2,487,374)	$ (1,453,604)
Adjustments to reconcile net loss to net cash used in operating activities:
Bad debt expense		24,242
Amortization of right of use asset	97,630
Depreciation	4,409	19,879
Loss on extinguishment of debt		90,061
Impairment of fixed assets	1,478
Deemed dividend	292,150
Stock-based compensation	1,119,336	486,092
Amortization of license agreement		25,205
Changes in operating assets and liabilities:
(Increase) decrease in prepaid expense	28,574	(54,040)
(Increase) decrease in inventory	(111,859)	80,891
(Increase) decrease in deposit		(200,000)
(Increase) decrease in accounts receivable	(2,015)	(82,790)
(Increase) in other current assets	(167,971)
Increase in accounts payable and accrued expenses	(6,734)	140,342
Net cash used in operating activities	(1,232,376)	(923,722)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of equipment	(406,294)	(2,935)
Deposits on machinery and equipment	(22,500)
Net cash used in investing activities	(428,794)	(2,935)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from related party, net		303,300
Repayment of convertible notes payable	(20,000)
Proceeds from notes payable and notes payable related	274,070
Repayment of note payable	(50,000)	(30,000)
Proceeds from sale of common stock	2,262,749	475,741
Net cash provided by financing activities	2,466,819	749,041
NET INCREASE (DECREASE) IN CASH	805,649	(177,616)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	121,831	188,738
CASH AND CASH EQUIVALENTS AT END OF PERIOD	927,480	11,122
Supplemental cash flow information:
Cash paid for interest expense	10,180
Supplemental disclosure of non cash investing and financing activities:
Related party forgiveness recorded as additional paid-in capital		215,300
Conversion of notes payable into common stock	509,178
Commons shares issued to acquire interest in joint venture	$ 502,500

ORGANIZATION, NATURE OF BUSINES

ORGANIZATION, NATURE OF BUSINESS AND GOING CONCERN	6 Months Ended
	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION, NATURE OF BUSINESS AND GOING CONCERN	NOTE 1 – ORGANIZATION, NATURE OF BUSINESS AND GOING CONCERN (A) Overview and Basis of Presentation On May 30, 2006, Basanite, Inc., was organized as a Nevada corporation. Basanite and its wholly owned subsidiaries are herein referred to as the "Company". Currently based in Pompano Beach, Florida, the Company manufactures concrete-reinforcing products made from basalt fiber reinforced polymers (BFRP) such as its primary product BasaFlex. This UV-stable, chemical, acid and moisture resistant material is sustainable and environmentally friendly and has been engineered to replace steel as it never rusts therefore addressing the industry’s current corrosion issues. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules and regulations of the Securities and Exchange Commission for interim financial information. Accordingly, they do not include all of the information necessary for a comprehensive presentation of financial position and results of operations. The interim results for the period ended June 30, 2019 are not necessarily indicative of results for the full fiscal year. It is management's opinion, however that all material adjustments (consisting of normal recurring adjustments) have been made which are necessary for a fair financial statement presentation. (B) Principles of Consolidation The accompanying condensed consolidated financial statements include the accounts of Basanite, Inc. and its wholly owned subsidiaries, Basanite Industries, LLC and Basalt America formerly known as Rockstar Acquisitions, LLC. (C) Liquidity and Management Plans Since inception, the Company has incurred net operating losses and used cash in operations. As of June 30, 2019, the Company has an accumulated deficit of approximately $23.6 million, a working capital deficiency of approximately $931,000 and cash used in operations of approximately $1,232,000 for the six months ended June 30, 2019. Losses have principally occurred as a result of the substantial resources required for product development and marketing of the Company's products which included the general and administrative expenses associated with its organization and product development. The Company believes that it has sufficient capital to fund its planned operations to enter into the fourth quarter of calendar year 2019. These conditions raise substantial doubt about the Company's ability to continue as a going concern. These condensed consolidated financial statements do not include any adjustments to reflect the possible future effect on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from the outcome of these uncertainties. Management believes that the actions presently being taken to obtain additional funding and implement its strategic plan provides the opportunity for the Company to continue as a going concern.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (A) Cash The Company considers all highly liquid temporary cash instruments with a maturity of three months or less to be cash equivalents. (B) Use of Estimates in Financial Statements The presentation 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 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. (C) Inventories The Company’s inventories consist of raw materials and finished goods, both purchased and manufactured. Inventories are stated at lower of cost or market. Cost is determined on the first-in, first-out basis. Raw inventory is comprised of basalt fiber and other necessary elements to produce the basalt rebar. On a quarterly basis, the Company analyzes its inventory levels and records allowances for inventory that has become obsolete and inventory that has a cost basis in excess of the expected net realizable value. As of June 30, 2019 and December 31, 2018, the inventory reserve for these factors was $0 and $240,121, respectively. The Company’s inventory at June 30, 2019 and December 31, 2018 was comprised of: June 30, December 31, 2018 (Unaudited) Finished goods $ 139,812 $ 56,586 Raw materials 28,633 — Inventory, net $ 168,445 $ 56,586 (D) Fixed assets Fixed assets consist of the following: June 30, December 31, 2018 (unaudited) Computer equipment $ 7,268 $ 13,813 Machinery, net of impairment 522,807 20,000 Leasehold improvements 17,205 - Office furniture and equipment 62,926 - Trade show materials 24,700 - Website development 24,775 24,775 659,681 58,588 Accumulated depreciation (35,574 ) (34,888 ) $ 624,107 $ 23,700 Depreciation expense for the three and six months ended June 30, 2019 was $2,851 and $4,409, respectively, compared to $9,940 and $19,879 to the three and six months ended June 30, 2018. (E) Loss Per Share The basic loss per share is calculated by dividing the Company's net loss available to common shareholders by the weighted average number of common shares during the period. The diluted loss per share is calculated by dividing the Company's net loss by the diluted weighted average number of shares outstanding during the period. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. Dilutive shares not included in loss per share computation June 30, December 31, 2018 (unaudited) Options 5,067,500 2,587,500 Warrants 30,009,523 18,025,000 Convertible shares — 2,715,897 Total common share equivalents 35,077,023 23,328,397 (F) Stock-Based Compensation The Company recognizes compensation costs to employees under FASB ASC Topic 718, Compensation – Stock Compensation. Under FASB ASC Topic. 718, companies are required to measure the compensation costs of share-based compensation arrangements based on the grant-date fair value and recognize the costs in the financial statements over the period during which employees are required to provide services. Share based compensation arrangements include stock options, restricted share plans, performance-based awards, share appreciation rights and employee share purchase plans. As such, compensation cost is measured on the date of grant at their fair value. Such compensation amounts, if any, are amortized over the respective vesting periods of the option grant. (G) Noncontrolling Interests in Consolidated Financial Statements Accounting guidance on non-controlling interests in condensed consolidated financial statements requires that a non-controlling interest in the equity of a subsidiary be accounted for and reported as equity, provides revised guidance on the treatment of net income and losses attributable to the non-controlling interest and changes in ownership interests in a subsidiary and requires additional disclosures that identify and distinguish between the interests of the controlling and non-controlling owners. Net loss attributable to the non-controlling interests totaling $0 and $540 for the six months and year ended June 30, 2019 and December 31, 2018, respectively are included in the condensed consolidated financial statements. On February 12, 2019, as a result of the termination of the RAW License Agreement, the Company agreed to settle with the non-controlling investors in Basalt America Territory 1, LLC to unwind this investment. In the settlement, the Company issued 2,010,000 restricted common shares. The non-controlling investors were issued these shares on March 21, 2019 and the Company took control of the previous 44.7% of Basalt America Territory 1, LLC formerly representing the non-controlling interest as of December 31, 2018 in the accompanying condensed consolidated financial statements. As a result of this unwinding, Basalt America Territory 1, LLC was fully consolidated into Basalt America.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	6 Months Ended
	Jun. 30, 2019
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	NOTE 3 – RECENT ACCOUNTING PRONOUNCEMENTS In June 2018, the FASB issued ASU 2018-07 Compensation – Stock Compensation (Topic 718), Improvements to Nonemployee Share-Based Payment Accounting. In January 2017, the FASB issued ASU 2017-04 Intangibles – Goodwill and Other (Topic 350), Simplifying the Test for Goodwill Impairment. In February 2016, FASB issued ASU 2016-02, Leases (Topic 842) There are several other new accounting pronouncements issued or proposed by the FASB. Each of these pronouncements, as applicable, has been or will be adopted by the Company. Management does not believe any of these accounting pronouncements has had or will have a material impact on the Company’s consolidated financial position or operating results.

OPERATING LEASE

OPERATING LEASE	6 Months Ended
	Jun. 30, 2019
Lessee Disclosure [Abstract]
OPERATING LEASE	NOTE 4 – OPERATING LEASE On January 31, 2019, the Company entered into an agreement to lease approximately 25,470 square feet of office and manufacturing space in Pompano Beach, Florida. The term is approximately five years and two months. On March 25, 2019, the Company entered into an amendment to the agreement to increase the square footage of leased premises to 36,900 square feet increasing the Company’s base rent obligation to be approximately $33,825 per month for one year and nine months and thereafter, increasing annually at a rate of three percent for the remainder of the lease term. The aggregate base rent payments for the term of the lease is $2,073,344. Additionally, the lease deposit required under the lease amendment is $74,000. The Company has adopted ASU No. 2016-02, Leases (Topic 842) The lease right of use asset of will be amortized over the term of the lease. For the six months ended June 30, 2019, the Company recorded rent expense of $173,370. The future minimum lease payments to be made under operating lease as of June 30, 2019: 2019 202,950 2020 405,900 2021 415,033 2022 427,484 2023 440,308 2024 110,884 Total $ 2,002,559 The following maturity schedule of lease liability as of June 30, 2019: June 30,2019 (Unaudited) 2020 206,053 2021 242,259 2022 294,345 2023 355,199 2024 326,362 Total lease payments $ 1,424,218 Operating lease liabilities are based on the net present value of the remaining lease payments over the remaining lease term. In determining the present value of lease payments, the Company used the incremental borrowing rate based on the information available at the lease commencement date. As of June 30, 2019, the weighted-average remaining lease term is 4.75 years and the weighted-average discount rate used to determine the operating lease liability was 15.0%. For the three months ended June 30, 2019 and 2018, the Company expensed $92,478 and $13,444, respectively for rent. For the six months ended June 30, 2019 and 2018, the Company expensed $211,696 and $75,590, respectively for rent.

NOTES PAYABLE - RELATED PARTY

NOTES PAYABLE - RELATED PARTY - CONVERTIBLE	6 Months Ended
	Jun. 30, 2019
Notes Payable, by Type, Current and Noncurrent [Abstract]
NOTES PAYABLE - RELATED PARTY - CONVERTIBLE	NOTE 5 – NOTES PAYABLE – RELATED PARTY – CONVERTIBLE Notes Payable – Related Party – Convertible totaled $50,000 and $290,273 at June 30, 2019 and December 31, 2018, respectively. In March 2019, under the terms of the original agreements, the principal balance of the outstanding notes payable totaling $290,273 plus accrued interest totaling $131,178, was converted into 1,700,985 restricted common shares. On January 18, 2019, the Company entered into secured convertible promissory note agreement with a related party in the amount of $50,000. The note has a term of 180 days bearing an interest rate of 15% per annum. At the Company’s sole option, the notes may be converted into shares of the Company’s common stock for a conversion price of $0.05 per share. If the note is converted, the investor is entitled to receive five-year warrants with a strike price of $0.075 per share. The warrants would equal the number of shares received in the conversion of the Secured Convertible Promissory Note. As of June 30, 2019, this note had accrued interest in the amount of $3,372.

NOTES PAYABLE - CONVERTIBLE

NOTES PAYABLE - CONVERTIBLE	6 Months Ended
	Jun. 30, 2019
Notes Payable, by Type, Current and Noncurrent [Abstract]
NOTES PAYABLE - CONVERTIBLE	NOTE 6 – NOTES PAYABLE – CONVERTIBLE Notes Payable – Convertible consists of the following at June 30, 2019 and December 31, 2018, respectively: June 30, December 31, (unaudited) Note Payable – convertible at $0.35 per share (a) $ 283,524 $ 293,524 Note Payable – convertible at $0.05 per share (b) 20,000 — $ 303,524 $ 293,524 (a) As indicated below, the Company entered into a convertible note bearing an interest rate of 15%. Under terms of the agreement, the rate of interest on this note increased to 15% effective January 18, 2019. The Company has begun making monthly payments but is not current as required by an extension and is therefore in default under this agreement. As a result, the Company has classified this note as a current liability. (b) On January 18, 2019, the Company entered into a secured convertible promissory note agreement with an accredited investor in the amount of $20,000. This note has a term of 180 days bearing an interest rate of 15% per annum. At the Company’s sole option, the note can be converted into shares of the Company’s common stock for a conversion price of $0.05 per share. If the note is converted, the investor is entitled to receive five-year warrants with a strike price of $0.075 per share. The warrants would equal the number of shares received in the conversion of the Secured Convertible Promissory Note. As of June 30, 2019, the note had accrued interest of $1,349. Interest expense for the Company’s convertible notes payable for the three and six months ended June 30, 2019 was $9,503 and $25,119, respectively, compared to $5,236 and $10,414 to the three and six months ended June 30, 2018. Accrued interest for the Company’s convertible notes payable at June 30, 2019 and December 31, 2018 was $77,546 and $66,558.

NOTES PAYABLE

NOTES PAYABLE	6 Months Ended
	Jun. 30, 2019
Notes Payable [Abstract]
NOTES PAYABLE	NOTE 7 – NOTES PAYABLE Notes Payable consists of the following as of June 30, 2019 and December 31, 2018, respectively: June 30, December 31, 2018 (unaudited) Demand notes payable (a) $ 191,965 $ — Notes payable (b) 30,497 $ 222,462 $ — (a) During the year ended December 31, 2018, the Company issued unsecured, 4% demand promissory notes to VCVC, LLC (“VCVC”) totaling $260,425. VCVC, the personal holding company of our former chairman and chief executive officer at the time of the notes, Vincent L. Celentano. As of December 31, 2018, these notes had accrued interest of $10,252. Effective February 26, 2019, the Company applied $68,460 of note principal and $2,428 of accrued interest under these notes from a note receivable from an affiliated entity to VCVC. At December 31, 2018, these notes were recorded as Note Payable – Related Party (See Note 9). At June 30, 2019, these notes had accrued interest of $7,882. (b) On March 26, 2019 and April 29, 2019, the Company entered financing arrangements to finance the insurance premiums for its liability coverage. The financings have an interest rate of 9.79% and last through March of 2020. Interest expense for the Company’s notes payable for the three and six months ended June 30, 2019 was $4,193 and $2,482, respectively, compared to $0 and $386 to the three and six months ended June 30, 2018. Accrued interest for the Company’s notes payable at June 30, 2019 and December 31, 2018 was $7,882 and $0, respectively.

NOTES PAYABLE - RELATED PARTY

NOTES PAYABLE - RELATED PARTY	6 Months Ended
	Jun. 30, 2019
Notes Payable - Related Party
NOTES PAYABLE - RELATED PARTY	NOTE 8 – NOTES PAYABLE – RELATED PARTY June 30, December 31, 2018 (unaudited) Vincent Celentano demand notes payable 7% interest (a) $ — $ 15,000 VCVC, LLC demand notes payable 4% interest (b) — 260,425 EAC Management, LLC demand note 5% interest (c) — 50,000 $ — $ 325,425 (a) On May 25, 2017 and June 2, 2017, the Company received $5,000 and $10,000, respectively from its director and largest individual shareholder, Vincent L. Celentano in the form of two demand notes. These notes were payable on demand and bore an interest rate of 7%. On February 26, 2019, principal of $15,000 and interest in the amount of $1,839 were converted upon the application of an $87,727 note receivable balance from an entity controlled by Mr. Celentano. (b) See (a) in Note 7 for information regarding this note payable. (c) On March 28, 2018, the Company borrowed $50,000 under a credit line from EAC. On September 19, 2018, EAC granted the Company an initial extension until October 15, 2018, since extended through May 1, 2019 to repay the Demand Note originally called on April 13, 2018. At December 31, 2018, the credit line had a balance of $50,000 and accrued interest of $2,500. On April 11, 2019, the Company entered into a settlement agreement with EAC whereby it repaid this obligation. In conjunction with this repayment, EAC forgave interest in the amount of $3,192 and $32,000 of past due consulting fees. The $32,000 forgiveness resulted in a gain on the settlement of a payable. No additional amounts are due with respect to the credit line. Interest expense for the Company’s notes payable – related party for the three and six months ended June 30, 2019 was $1,926 and $2,926, respectively compared to $8,397 and $17,072 to the three and six months ended June 30, 2018. Accrued interest for the Company’s notes payable-related party at June 30, 2019 and December 31, 2018 was $0 and $14,427, respectively.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 9 – COMMITMENTS AND CONTINGENCIES Basalt America and RAW Energy Materials Corp., Global Energy Sciences, LLC, and RAW LLC On April 18, 2018, Basalt America and the Company received a letter from counsel representing RAW LLC providing formal notice that Basalt America and the Company had breached and/or violated several sections of its license agreement and amendments, and that RAW LLC was immediately terminating all agreements and amendments. See Legal Matters below in this Note 9. Territory Joint Ventures During the second quarter of 2017, the Company entered into a term sheet for a Joint Venture with accredited investors for the management of Basalt America Territory 1, LLC, for the exclusive rights to manage sales for Dade, Broward and Monroe Counties in the State of Florida. In conjunction with entering into the Joint Venture, the investors provided total proceeds of $502,500 which was used for the purchase of inventory from May to August 2017. The Company initially owned 55.3% of the joint venture and the investors owned 44.7% of the joint venture. Through December 31, 2018, the Company entered into financing term sheets for this Joint Venture with a related party for $288,750 and five accredited investors for a total of $213,750. The funds were used as a deposit to purchase inventory. On February 12, 2019, as a result of the termination of the RAW License Agreement, the Company agreed to settle with the non-controlling investors in Basalt America Territory 1, LLC to unwind this investment. In the settlement, the Company agreed to issue 2,010,000 restricted common shares at a value representing the original investment of $502,500 ($0.25 per share). The non-controlling investors were issued these shares on March 21, 2019 and the Company took control of the previous 44.7% of Basalt America Territory 1, LLC formerly representing the non-controlling interest as of December 31, 2018 in the accompanying consolidated financial statements. Legal Matters On March 31, 2014, the Company received a “Notice of Default” letter from legal counsel representing the California State Teachers Retirement System (“CalSTRS”) (the landlord for the Company’s past office space) indicating that the Company was in default of its lease for failure to pay monthly rent for the office space located at 2400 East Commercial Boulevard, Suite 612, Fort Lauderdale, FL 33304. The letter demanded immediate payment of $41,937 for rent past due rent due as of April 1, 2014. The landlord currently holds security deposits from the Company in the amount of $31,407. The Company had indicated in writing its intention to cooperate with the landlord while trying to resolve the matter. On February 11, 2015, the landlord, through its attorneys, filed a motion for summary judgment. The motion asked for $376,424 in unpaid rent, recovery of abated rents and tenant improvements and $12,442 in attorney’s costs incurred by the landlord and the Company has reserved the entire amount. On April 22, 2015 the motion for unpaid rent, recovery of abated rents and tenant improvements and attorney’s costs was granted by the Circuit Court of the 17th Judicial Circuit in and for Broward County. As previously disclosed, the Company has accrued the full amount of rent and attorney costs in its audited financial statements. The Company intends to continue its efforts to work with the landlord to reach a mutually agreeable solution and is currently attempting to raise additional capital to address the default, as well its other outstanding obligations and working capital requirements. On December 15, 2016, a third-party driver drove his car through the Company’s previous retail storefront located at 2599 North Federal Highway, Fort Lauderdale, Florida 33305. The accident caused severe damage to the building. The city of Fort Lauderdale declared the building an unsafe structure, and the Company had to vacate the premises and as a result, the lease terminated. This incident severely impacted the Company’s ability to sell to and service its customers. The damaged storefront eliminated sales at the location and effectively terminated the business. The Company is pursuing a claim for the damages sustained for lost sales and the writing off of the leasehold improvements at the location. The company is presently in suit for all damages suffered. The case is set for a jury trial on August 19, 2019. While the Company is optimistic of a recovery, there can be no assurances as to the result of the suit. On October 25, 2018, the Company was informed that RAW Materials filed an action for declaratory relief in Broward County, Florida, in the Seventeenth Judicial Circuit Court, titled Raw Energy Materials, Corp, v. Rockstar Acquisitions, LLC, Paymeon, Inc., and Basalt America, LLC, CASE NO.: CACE 18-020596. The nature of this case is a contractual dispute over an existing licensing agreement, and related sales of goods. The Company and all of the defendants in this case are contesting this case vigorously. While the parties have reached an agreement to cancel and invalidate the existing license agreement, the parties will continue to litigate damages arising from the dispute. RAW Materials has recently amended the case to add a count under the Florida consumer protection statute and the Company has requested an immediate dismissal, that motion to dismiss was heard on March 27, 2019 and was denied. Rockstar likewise anticipates bringing a counterclaim against RAW Materials and may also attempt to pursue a similar claim against RAW Materials principal, Don Smith. Notwithstanding the foregoing, the Company and all the defendants intend to seek a favorable out of court settlement. Given the current state of the evidence it is not possible to estimate the potential value of RAW Materials claim; however, to date, little to no evidence, has been produced to support the claim and the Company and all the defendants believes that its counterclaim will off-set any potential recovery by RAW Materials. The Company, during the years ended December 31, 2018 and 2017, feels that it did comply with the license agreement, first amendment to the license agreement and the post-closing letter agreement (“the Agreements”) in all material respects and determined to continue to honor the language and acts as required under the Agreements throughout the remainder of 2018. The Board of Directors of the Company had met and decided that the Company had acted in good faith and to appropriately honor the Agreements, despite RAW Materials and their affiliated entities not honoring their commitments under the Agreements. As part of complying with the Agreements, the Company properly accrued obligations related to the Agreements on its books, including continuing to accrue amounts due under the consulting agreements with RAW, LLC and Yellow Turtle Design, LLC as well as commissions on sales.

STOCKHOLDERS' EQUITY (DEFICIT)

STOCKHOLDERS' EQUITY (DEFICIT)	6 Months Ended
	Jun. 30, 2019
Stockholders' Equity Note [Abstract]
STOCKHOLDERS' EQUITY (DEFICIT)	NOTE 10 – STOCKHOLDERS’ EQUITY (DEFICIT) On March 14, 2019, noteholders including Vincent L. Celentano, the Company’s former chairman and chief executive officer, converted their convertible notes payable with a principal balance of $378,000. The noteholders converted all principal and accrued interest under these notes in the amount of $509,178 (which includes interest accrued through February 26, 2019) in exchange for 1,700,985 restricted common shares of the Company. At the time of conversion, these notes were no longer considered related party notes effective upon the resignation of Mr. Celentano as a chairman and chief executive officer. On May 1, 2019, holders of warrants to purchase common stock were given the opportunity to exercise their warrants at a 20% discount to their original strike price in an effort to raise additional operating capital. Holders were given until May 15, 2019 to exercise at the discounted rate. On May 17, 2019, the Company agreed to issue 17,710,715 shares of its common stock, par value $.001 per share, in exchange for $1,168,600 as the result of the discounted exercise of certain outstanding warrants issued by the Company in the past to various accredited investors. In connection with the issuance of common stock, $292,150 was recognized as a deemed dividend on the warrants during the six months ended June 30, 2019, which represents the intrinsic value of the discounted exercise price of the warrants exercised as the holders of the warrants are also common shareholders. During the six months ended June 30, 2019, the Company issued 38,989,285 restricted common shares for proceeds received in the amount of $2,428,600 from the sale of stock from accredited investors and related parties, including the $1,168,600 from the discounted warrant exercise. Included in the total shares issued, 13,000,000 of these shares were issued to related parties.

OPTIONS AND WARRANTS

OPTIONS AND WARRANTS	6 Months Ended
	Jun. 30, 2019
Share-based Payment Arrangement [Abstract]
OPTIONS AND WARRANTS	NOTE 11 – OPTIONS AND WARRANTS Stock Options: The Company used the following assumptions to estimate the fair value of options granted under its stock option plans for the three and six months ended June 30, 2019 and 2018: For the six months ended 2019 2018 Risk-free interest rate (weighted average) 2.32 % 1.91 % Expected volatility (weighted average) 781.08 % 133.29 % Expected term (in years) 5.5 3 Expected dividend yield 0.00 % 0.00 % Risk-Free Interest Rate The risk-free interest rate assumption was based on U.S. Treasury instruments with a term that is consistent with the expected term of the Company’s stock options. Expected Volatility The expected stock price volatility for the Company’s common stock was determined by examining the historical volatility and trading history for its common stock over a term consistent with the expected term of its options. Expected Term The expected term of stock options represents the weighted average period the stock options are expected to remain outstanding. It was calculated based on the Company’s historical experience with its stock option grants. Expected Dividend Yield The expected dividend yield of 0% is based on the Company’s history and expectation of dividend payouts. The Company has not paid and does not anticipate paying any dividends in the near future. Forfeitures Stock compensation expense recognized in the statements of operations for the six months ended June 30, 2019 and 2018 is based on awards ultimately expected to vest, and it has been reduced for estimated forfeitures. The following table summarize all options grants to consultants, directors and employees for the three and six months ended June 30, 2019 (unaudited) and June 30, 2018 and the related changes during these periods are presented below. June 30, June 30, Options outstanding and exercisable 5,042,500 5,007,500 Weighted-average exercise price $ 0.40 $ 0.43 Aggregate intrinsic value $ 1,503,513 — Weighted-average remaining contractual term (years) 5.2 4.6 The Company chose the “straight-line” attribution method for allocating compensation costs of each stock option over the requisite service period using the Black-Scholes Option Pricing Model to calculate the grant date fair value. During the six months ended June 30, 2019, 2,500,000 options were issued. Of the options issued and outstanding, 5,042,500 and 5,007,500 were vested as of June 30, 2019 and June 30, 2018, respectively. During the three months ended June 30, 2019 and 2018, total stock option expense amount to $1,045,734 and $1,514, respectively. During the six months ended June 30, 2019 and 2018, total stock option expense amounted to $1,046,972 and $3,028, respectively. Stock Warrants: The Company used the following assumptions to estimate the fair value of warrants granted under its stock warrant plans for the six months ended June 30, 2019 and 2018: For the six months ended 2019 2018 Risk-free interest rate (weighted average) 2.39 % 2.65 % Expected volatility (weighted average) 930.05 % 900.85 % Expected term (in years) 3 3.5 Expected dividend yield 0.00 % 0.00 % The following table summarize all warrants grants to consultants, directors and employees as well as investors for the six months ended June 30, 2019 (unaudited) and the related changes during these periods are presented below. June 30, June 30, Warrants outstanding and exercisable 30,009,523 6,175,000 Weighted-average exercise price $ 0.21 $ 0.48 Aggregate intrinsic value $ 14,701,119 — Weighted-average remaining contractual term (years) 4.2 4.5 During the three months ended June 30, 2019 and 2018, total stock warrant expense amount to $0 and $206,274, respectively. During the six months ended June 30, 2019 and 2018, total stock warrant expense amounted to $72,364 and $483,064, respectively.

RELATED PARTIES

RELATED PARTIES	6 Months Ended
	Jun. 30, 2019
Related Party Transactions [Abstract]
RELATED PARTIES	NOTE 12 – RELATED PARTIES On February 14, 2019, the Company received a $100,000 investment from an entity managed by Ronald J. LoRicco, Sr., a member of our Board of Directors, in consideration for 2,000,000 restricted common shares and cash warrants to purchase an additional 2,000,000 restricted common shares with a strike price of $0.075 per share. On May 9, 2019, during the discounted exercise event, the entity exercised its 2,000,000 warrants at a discounted price of $.06 for a total investment of $120,000. On February 27, 2019, the Company received a total of $50,000 investment, from Michael Barbera, a member of our Board of Directors, in consideration for 1,000,000 restricted common shares ($0.05 per share) and cash warrants to purchase an additional 1,000,000 restricted common shares with a strike price of $0.075 per share. On May 15, 2019, during the discounted exercise event, 1,000,000 warrants were exercised at a discounted price of $.06 for a total investment of $60,000. On March 9, 2019, an entity managed by Ronald J. LoRicco, Sr., a member of our Board of Directors, during the discounted exercise event, 4,000,000 warrants were exercised at a discounted price of $.06 for a total investment of $240,000. On March 15, 2019, the Company received a total of $100,000 investment from Paul M. Sallarulo, a member of our Board of Directors in consideration for 2,000,000 restricted common shares ($0.05 per share) and cash warrants to purchase an additional 2,000,000 restricted common shares with a strike price of $0.075 per share. On March 15, 2019, the Company received a total of $25,000 investment from Dave Anderson, Executive Vice President and Chief Operating Officer, in consideration for 500,000 restricted common shares ($0.05 per share) and cash warrants to purchase an additional 500,000 restricted common shares with a strike price of $0.075 per share. On May 15, 2019, during the discounted exercise event, the 500,000 warrants were exercised at a discounted price of $.06 for a total investment of $30,000.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2019
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 13 – SUBSEQUENT EVENTS Common Stock and Equity On February 26, 2019, the Company reserved 50,000 shares of Basanite, Inc. restricted common shares (25,000 for an entity managed by Ronald J. LoRicco, Sr., a member of our Board of Directors and 25,000 for an accredited investor) to be issued to a designee of their choice at a future date. The parties requested for the issuance of the common stock on July 23, 2019. As of this report date, these shares have not been issued. Convertible notes payable On July 18, 2019, the $50,000 convertible note held by a related party matured. The Company will carry out the original terms of the agreement (see Note 5 and 6). As of this filing date, shares have not been issued nor has the note been satisfied. On July 18, 2019, the $20,000 convertible note held by an investor matured. The Company will carry out the original terms of the agreement (see Note 5 and 6). As of this filing date, shares have not been issued nor has the note been satisfied.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Cash	(A) Cash The Company considers all highly liquid temporary cash instruments with a maturity of three months or less to be cash equivalents.
Use of Estimates in Financial Statements	(B) Use of Estimates in Financial Statements The presentation 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 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.
Inventories	(C) Inventories The Company’s inventories consist of raw materials and finished goods, both purchased and manufactured. Inventories are stated at lower of cost or market. Cost is determined on the first-in, first-out basis. Raw inventory is comprised of basalt fiber and other necessary elements to produce the basalt rebar. On a quarterly basis, the Company analyzes its inventory levels and records allowances for inventory that has become obsolete and inventory that has a cost basis in excess of the expected net realizable value. As of June 30, 2019 and December 31, 2018, the inventory reserve for these factors was $0 and $240,121, respectively. The Company’s inventory at June 30, 2019 and December 31, 2018 was comprised of: June 30, December 31, 2018 (Unaudited) Finished goods $ 139,812 $ 56,586 Raw materials 28,633 — Inventory, net $ 168,445 $ 56,586
Fixed assets	D) Fixed assets Fixed assets consist of the following: June 30, December 31, 2018 (unaudited) Computer equipment $ 7,268 $ 13,813 Machinery, net of impairment 522,807 20,000 Leasehold improvements 17,205 - Office furniture and equipment 62,926 - Trade show materials 24,700 - Website development 24,775 24,775 659,681 58,588 Accumulated depreciation (35,574 ) (34,888 ) $ 624,107 $ 23,700 Depreciation expense for the three and six months ended June 30, 2019 was $2,851 and $4,409, respectively, compared to $9,940 and $19,879 to the three and six months ended June 30, 2018.
Loss Per Share	(E) Loss Per Share The basic loss per share is calculated by dividing the Company's net loss available to common shareholders by the weighted average number of common shares during the period. The diluted loss per share is calculated by dividing the Company's net loss by the diluted weighted average number of shares outstanding during the period. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. Dilutive shares not included in loss per share computation June 30, December 31, 2018 (unaudited) Options 5,067,500 2,587,500 Warrants 30,009,523 18,025,000 Convertible shares — 2,715,897 Total common share equivalents 35,077,023 23,328,397
Stock-Based Compensation	F) Stock-Based Compensation The Company recognizes compensation costs to employees under FASB ASC Topic 718, Compensation – Stock Compensation. Under FASB ASC Topic. 718, companies are required to measure the compensation costs of share-based compensation arrangements based on the grant-date fair value and recognize the costs in the financial statements over the period during which employees are required to provide services. Share based compensation arrangements include stock options, restricted share plans, performance-based awards, share appreciation rights and employee share purchase plans. As such, compensation cost is measured on the date of grant at their fair value. Such compensation amounts, if any, are amortized over the respective vesting periods of the option grant.
Noncontrolling Interests in Consolidated Financial Statements	G) Noncontrolling Interests in Consolidated Financial Statements Accounting guidance on non-controlling interests in condensed consolidated financial statements requires that a non-controlling interest in the equity of a subsidiary be accounted for and reported as equity, provides revised guidance on the treatment of net income and losses attributable to the non-controlling interest and changes in ownership interests in a subsidiary and requires additional disclosures that identify and distinguish between the interests of the controlling and non-controlling owners. Net loss attributable to the non-controlling interests totaling $0 and $540 for the six months and year ended June 30, 2019 and December 31, 2018, respectively are included in the condensed consolidated financial statements. On February 12, 2019, as a result of the termination of the RAW License Agreement, the Company agreed to settle with the non-controlling investors in Basalt America Territory 1, LLC to unwind this investment. In the settlement, the Company issued 2,010,000 restricted common shares. The non-controlling investors were issued these shares on March 21, 2019 and the Company took control of the previous 44.7% of Basalt America Territory 1, LLC formerly representing the non-controlling interest as of December 31, 2018 in the accompanying condensed consolidated financial statements. As a result of this unwinding, Basalt America Territory 1, LLC was fully consolidated into Basalt America

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Schedule of Inventory	The Company’s inventory at June 30, 2019 and December 31, 2018 was comprised of: June 30, December 31, 2018 (Unaudited) Finished goods $ 139,812 $ 56,586 Raw materials 28,633 — Inventory, net $ 168,445 $ 56,586
Schedule of Fixed Assets	Fixed assets consist of the following: June 30, December 31, 2018 (unaudited) Computer equipment $ 7,268 $ 13,813 Machinery, net of impairment 522,807 20,000 Leasehold improvements 17,205 - Office furniture and equipment 62,926 - Trade show materials 24,700 - Website development 24,775 24,775 659,681 58,588 Accumulated depreciation (35,574 ) (34,888 ) $ 624,107 $ 23,700
Schedule of Dilutive Shares Not Included in Loss Per Share Computation	Dilutive shares not included in loss per share computation June 30, December 31, 2018 (unaudited) Options 5,067,500 2,587,500 Warrants 30,009,523 18,025,000 Convertible shares — 2,715,897 Total common share equivalents 35,077,023 23,328,397

OPERATING LEASE (Tables)

OPERATING LEASE (Tables)	6 Months Ended
	Jun. 30, 2019
Lessee Disclosure [Abstract]
Schedule of Operating Lease Liability	The future minimum lease payments to be made under operating lease as of June 30, 2019: 2019 202,950 2020 405,900 2021 415,033 2022 427,484 2023 440,308 2024 110,884 Total $ 2,002,559
Schedule of Maturity of Operating Lease Liability	The following maturity schedule of lease liability as of June 30, 2019: June 30,2019 (Unaudited) 2020 206,053 2021 242,259 2022 294,345 2023 355,199 2024 326,362 Total lease payments $ 1,424,218

NOTES PAYABLE - CONVERTIBLE (Ta

NOTES PAYABLE - CONVERTIBLE (Tables)	6 Months Ended
	Jun. 30, 2019
Notes Payable, by Type, Current and Noncurrent [Abstract]
Schedule of Notes Payable Convertible	Notes Payable – Convertible consists of the following at June 30, 2019 and December 31, 2018, respectively: June 30, December 31, (unaudited) Note Payable – convertible at $0.35 per share (a) $ 283,524 $ 293,524 Note Payable – convertible at $0.05 per share (b) 20,000 — $ 303,524 $ 293,524 (a) As indicated below, the Company entered into a convertible note bearing an interest rate of 15%. Under terms of the agreement, the rate of interest on this note increased to 15% effective January 18, 2019. The Company has begun making monthly payments but is not current as required by an extension and is therefore in default under this agreement. As a result, the Company has classified this note as a current liability. (b) On January 18, 2019, the Company entered into a secured convertible promissory note agreement with an accredited investor in the amount of $20,000. This note has a term of 180 days bearing an interest rate of 15% per annum. At the Company’s sole option, the note can be converted into shares of the Company’s common stock for a conversion price of $0.05 per share. If the note is converted, the investor is entitled to receive five-year warrants with a strike price of $0.075 per share. The warrants would equal the number of shares received in the conversion of the Secured Convertible Promissory Note. As of June 30, 2019, the note had accrued interest of $1,349.

NOTES PAYABLE (Tables)

NOTES PAYABLE (Tables)	6 Months Ended
	Jun. 30, 2019
Notes Payable [Abstract]
Schedule of Notes Payable	Notes Payable consists of the following as of June 30, 2019 and December 31, 2018, respectively: June 30, December 31, 2018 (unaudited) Demand notes payable (a) $ 191,965 $ — Notes payable (b) 30,497 $ 222,462 $ — (a) During the year ended December 31, 2018, the Company issued unsecured, 4% demand promissory notes to VCVC, LLC (“VCVC”) totaling $260,425. VCVC, the personal holding company of our former chairman and chief executive officer at the time of the notes, Vincent L. Celentano. As of December 31, 2018, these notes had accrued interest of $10,252. Effective February 26, 2019, the Company applied $68,460 of note principal and $2,428 of accrued interest under these notes from a note receivable from an affiliated entity to VCVC. At December 31, 2018, these notes were recorded as Note Payable – Related Party (See Note 9). At June 30, 2019, these notes had accrued interest of $7,882. (b) On March 26, 2019 and April 29, 2019, the Company entered financing arrangements to finance the insurance premiums for its liability coverage. The financings have an interest rate of 9.79% and last through March of 2020.

NOTES PAYABLE - RELATED PARTY (

NOTES PAYABLE - RELATED PARTY (Tables)	6 Months Ended
	Jun. 30, 2019
Notes Payable - Related Party
Schedule of Notes Payable Related Party	June 30, December 31, 2018 (unaudited) Vincent Celentano demand notes payable 7% interest (a) $ — $ 15,000 VCVC, LLC demand notes payable 4% interest (b) — 260,425 EAC Management, LLC demand note 5% interest (c) — 50,000 $ — $ 325,425 (a) On May 25, 2017 and June 2, 2017, the Company received $5,000 and $10,000, respectively from its director and largest individual shareholder, Vincent L. Celentano in the form of two demand notes. These notes were payable on demand and bore an interest rate of 7%. On February 26, 2019, principal of $15,000 and interest in the amount of $1,839 were converted upon the application of an $87,727 note receivable balance from an entity controlled by Mr. Celentano. (b) See (a) in Note 7 for information regarding this note payable. (c) On March 28, 2018, the Company borrowed $50,000 under a credit line from EAC. On September 19, 2018, EAC granted the Company an initial extension until October 15, 2018, since extended through May 1, 2019 to repay the Demand Note originally called on April 13, 2018. At December 31, 2018, the credit line had a balance of $50,000 and accrued interest of $2,500. On April 11, 2019, the Company entered into a settlement agreement with EAC whereby it repaid this obligation. In conjunction with this repayment, EAC forgave interest in the amount of $3,192 and $32,000 of past due consulting fees. The $32,000 forgiveness resulted in a gain on the settlement of a payable. No additional amounts are due with respect to the credit line.

OPTIONS AND WARRANTS (Tables)

OPTIONS AND WARRANTS (Tables)	6 Months Ended
	Jun. 30, 2019
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Stock Options and Warrants Activity	The following table summarize all options grants to consultants, directors and employees for the three and six months ended June 30, 2019 (unaudited) and June 30, 2018 and the related changes during these periods are presented below. June 30, June 30, Options outstanding and exercisable 5,042,500 5,007,500 Weighted-average exercise price $ 0.40 $ 0.43 Aggregate intrinsic value $ 1,503,513 — Weighted-average remaining contractual term (years) 5.2 4.6
Schedule of Summary of Options and Warrants Assumptions to Estimate Fair Value of Options Granted	The Company used the following assumptions to estimate the fair value of options granted under its stock option plans for the three and six months ended June 30, 2019 and 2018: For the six months ended 2019 2018 Risk-free interest rate (weighted average) 2.32 % 1.91 % Expected volatility (weighted average) 781.08 % 133.29 % Expected term (in years) 5.5 3 Expected dividend yield 0.00 % 0.00 %
Stock Warrants [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule of Stock Options and Warrants Activity	The following table summarize all warrants grants to consultants, directors and employees as well as investors for the six months ended June 30, 2019 (unaudited) and the related changes during these periods are presented below. June 30, June 30, Warrants outstanding and exercisable 30,009,523 6,175,000 Weighted-average exercise price $ 0.21 $ 0.48 Aggregate intrinsic value $ 14,701,119 — Weighted-average remaining contractual term (years) 4.2 4.5
Schedule of Summary of Options and Warrants Assumptions to Estimate Fair Value of Options Granted	The Company used the following assumptions to estimate the fair value of warrants granted under its stock warrant plans for the six months ended June 30, 2019 and 2018: For the six months ended 2019 2018 Risk-free interest rate (weighted average) 2.39 % 2.65 % Expected volatility (weighted average) 930.05 % 900.85 % Expected term (in years) 3 3.5 Expected dividend yield 0.00 % 0.00 %

ORGANIZATION, NATURE OF BUSIN_2

ORGANIZATION, NATURE OF BUSINESS AND GOING CONCERN (Details) - USD ($)	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated deficit	$ 23,622,626		$ 21,135,252
Working capital deficiency	931,000
Net cash used in operations	$ 1,232,376	$ 923,722

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018	Feb. 12, 2019
Amount of Inventory reserve	$ 0	$ 240,121
Net expense for loss attributable to the noncontrolling interests	$ 0	$ 540
Basalt America Territory 1, LLC [Member]
Number of restricted shares originally issued to investors that will be returned to unwind investment			2,010,000
Percentage of control in company			44.70%

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of Inventory) (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
Finished goods	$ 139,812	$ 56,586
Raw materials	28,633
Inventory, net	$ 168,445	$ 56,586

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Fixed assets) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 659,681		$ 659,681		$ 58,588
Accumulated depreciation	(35,574)		(35,574)		(34,888)
Balance	624,107		624,107		23,700
Depreciation	2,851	$ 9,940	4,409	$ 19,879
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	7,268		7,268		13,813
Machinery, net of impairment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	522,807		522,807		20,000
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	17,205		17,205
Website development [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	24,775		24,775		24,775
Office furniture and equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	62,926		62,926
Trade show materials [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 24,700		$ 24,700

SUMMARY OF SIGNIFICANT ACCOUN_7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of Dilutive Shares Not Included in Loss Per Share Computation) (Details) - shares	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dilutive shares not included in loss per share computation	35,077,023	23,328,397
Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dilutive shares not included in loss per share computation	5,067,500	2,587,500
Stock Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dilutive shares not included in loss per share computation	30,009,523	18,025,000
Convertible Debt Securities [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dilutive shares not included in loss per share computation		2,715,897

OPERATING LEASE (Narrative) (De

OPERATING LEASE (Narrative) (Details) - USD ($)	1 Months Ended		3 Months Ended		6 Months Ended
	Mar. 25, 2019	Jan. 31, 2019	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Lessee Disclosure [Abstract]
Present value of lease payments			$ 1,405,804		$ 1,405,804
Weighted average discount rate			15.00%		15.00%
Rent expense					$ 173,370
Operating lease rent expense			$ 92,478	$ 13,444	$ 211,696	$ 75,590
Lease deposit		$ 74,000
Lease term	1 year 9 months	5 years 2 months	4 years 9 months		4 years 9 months
Base rent obligation	$ 33,825	$ 2,073,344

OPERATING LEASE (Schedule of Fu

OPERATING LEASE (Schedule of Future Minimum Lease Payments under Operating Lease) (Details)	Jun. 30, 2019USD ($)
Operating leases
2019	$ 202,950
2020	405,900
2021	415,033
2022	427,484
2023	440,308
2024	110,884
Total lease payments	$ 2,002,559

OPERATING LEASE (Schedule of Ma

OPERATING LEASE (Schedule of Maturities of Lease Liabilities) (Details)	Jun. 30, 2019USD ($)
Lessee Disclosure [Abstract]
2020	$ 206,053
2021	242,259
2022	294,345
2023	355,199
2024	326,362
Total	$ 1,424,218

NOTES PAYABLE - RELATED PARTY -

NOTES PAYABLE - RELATED PARTY - CONVERTIBLE (Narrative) (Details) - USD ($)	1 Months Ended		3 Months Ended	6 Months Ended
	Mar. 31, 2019	Jan. 18, 2019	Mar. 31, 2019	Jun. 30, 2019	Jun. 30, 2018	May 17, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Notes payable - convertible - related party				$ 50,000			$ 290,273
Debt conversion amount			$ 509,178	$ 509,178
Stock issued per share						$ 0.001
Secured convertible promissory notes [Member] | Affiliated Entity [Member]
Debt Instrument [Line Items]
Interest rate				7.00%
Conversion price		$ 0.05
Accrued interest				$ 3,372
Principal amount		$ 50,000
Annual interest rate		15.00%
Term period		5 years
Stock issued per share		$ 0.075
Restricted Common Shares [Member]
Debt Instrument [Line Items]
Debt conversion amount	$ 131,178
Debt conversion shares	1,700,985

NOTES PAYABLE - CONVERTIBLE (Na

NOTES PAYABLE - CONVERTIBLE (Narrative) (Details) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended
	Jan. 18, 2019	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Debt Instrument [Line Items]
Interest expense		$ 4,193	$ 0	$ 2,482	$ 386
Related Party Transactions [Member] | Secured convertible promissory note agreements with Related Party [Member]
Debt Instrument [Line Items]
Conversion price	$ 0.05
Accrued interest		$ 1,349		$ 1,349
Strike price of warrants	$ 0.075
Warrants term	5 years
Proceeds from issuance of debt	$ 20,000
Debt term	180 days
Interest rate	15.00%
Convertible notes [Member]
Debt Instrument [Line Items]
Interest rate	15.00%	15.00%		15.00%
Note Payable related party - convertible [Member]
Debt Instrument [Line Items]
Accrued interest		$ 77,546		$ 77,546		$ 66,558
Interest expense		$ 9,503	$ 5,236	$ 25,119	$ 10,414

NOTES PAYABLE - CONVERTIBLE (Sc

NOTES PAYABLE - CONVERTIBLE (Schedule of Notes Payable Convertible) (Details) - USD ($)		Jun. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Note payable - convertible		$ 303,524	$ 293,524
Notes Payable - convertible @ $0.35 per share [Member] | Unsecured Promissory Note [Member]
Debt Instrument [Line Items]
Note payable - convertible	[1]	293,524	293,524
Notes Payable - convertible @ $0.05 per share [Member] | Unsecured Promissory Note [Member]
Debt Instrument [Line Items]
Note payable - convertible	[2]	$ 20,000
[1]	As indicated below, the Company entered into a convertible note bearing an interest rate of 15%. Under terms of the agreement, the rate of interest on this note increased to 15% effective January 18, 2019. The Company has begun making monthly payments but is not current as required by an extension and is therefore in default under this agreement. As a result, the Company has classified this note as a current liability.
[2]	On January 18, 2019, the Company entered into a secured convertible promissory note agreement with an accredited investor in the amount of $20,000. This note has a term of 180 days bearing an interest rate of 15% per annum. At the Company's sole option, the note can be converted into shares of the Company's common stock for a conversion price of $0.05 per share. If the note is converted, the investor is entitled to receive five-year warrants with a strike price of $0.075 per share. The warrants would equal the number of shares received in the conversion of the Secured Convertible Promissory Note. As of June 30, 2019, the note had accrued interest of $1,349.

NOTES PAYABLE (Narrative) (Deta

NOTES PAYABLE (Narrative) (Details) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended
	Feb. 26, 2019	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Debt Instrument [Line Items]
Interest expense		$ 4,193	$ 0	$ 2,482	$ 386
Principal Amount		$ 7,882		$ 7,882		$ 0
Financing arrangements [Member]
Debt Instrument [Line Items]
Interest rate		9.79%		9.79%
VCVC LLC [Member] | Unsecured Promissory Note [Member]
Debt Instrument [Line Items]
Accured interest	$ 2,428			$ 7,882		$ 10,252
Interest rate						4.00%
Proceeds from unsecured debt						$ 260,425
Principal Amount	$ 68,460

NOTES PAYABLE (Schedule of Note

NOTES PAYABLE (Schedule of Notes Payable) (Details) - USD ($)		Jun. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Notes payable		$ 222,462
Unsecured Promissory Note [Member]
Debt Instrument [Line Items]
Notes payable		222,462
Demand notes payable [Member] | Unsecured Promissory Note [Member]
Debt Instrument [Line Items]
Notes payable	[1]	191,965
Notes payable [Member] | Unsecured Promissory Note [Member]
Debt Instrument [Line Items]
Notes payable	[2]	$ 30,497
[1]	During the year ended December 31, 2018, the Company issued unsecured, 4% demand promissory notes to VCVC, LLC ("VCVC") totaling $260,425. VCVC, the personal holding company of our former chairman and chief executive officer at the time of the notes, Vincent L. Celentano. As of December 31, 2018, these notes had accrued interest of $10,252. Effective February 26, 2019, the Company applied $68,460 of note principal and $2,428 of accrued interest under these notes from a note receivable from an affiliated entity to VCVC. At December 31, 2018, these notes were recorded as Note Payable - Related Party (See Note 9). At June 30, 2019, these notes had accrued interest of $7,882.
[2]	On March 26, 2019 and April 29, 2019, the Company entered financing arrangements to finance the insurance premiums for its liability coverage. The financings have an interest rate of 9.79% and last through March of 2020.

NOTES PAYABLE - RELATED PARTY_2

NOTES PAYABLE - RELATED PARTY (Narrative) (Details) - USD ($)	Apr. 11, 2019	Mar. 28, 2018	Jun. 02, 2017	Feb. 26, 2019	May 25, 2017	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Debt Instrument [Line Items]
Proceeds from notes payable			$ 10,000		$ 5,000			$ 274,070
Debt principal amount						$ 7,882		7,882		$ 0
Gain on settlement of payable						$ 137,497		$ 137,497
Demand Revolving Credit Line from EAC Management, LLC [Member]
Debt Instrument [Line Items]
Accrued interest										2,500
Line of credit										$ 50,000
Proceeds from line of credit		$ 50,000
Gain on settlement of payable	$ 32,000
Forgave interest amount	3,192
Forgave consulting fees amount	$ 32,000
Vincent Celentano demand notes payable @ 7% interest [Member]
Debt Instrument [Line Items]
Debt principal amount				$ 15,000
Interest rate						7.00%		7.00%		7.00%
Interest expense				1,839
Convertible debt				$ 87,727
Notes payable [Member]
Debt Instrument [Line Items]
Accrued interest						$ 0		$ 0		$ 14,427
Interest expense						$ 1,926	$ 8,397	$ 2,926	$ 17,072

NOTES PAYABLE - RELATED PARTY_3

NOTES PAYABLE - RELATED PARTY (Schedule of Notes Payable Related Party) (Details) - USD ($)		Jun. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Notes payable - related party			$ 325,425
Vincent Celentano demand notes payable @ 7% interest [Member]
Debt Instrument [Line Items]
Notes payable - related party	[1]		$ 15,000
Interest rate		7.00%	7.00%
VCVC, LLC demand notes payable @ 4% interest [Member]
Debt Instrument [Line Items]
Notes payable - related party	[2]		$ 260,425
Interest rate			4.00%
EAC Management, LLC demand note @ 5% interest [Member]
Debt Instrument [Line Items]
Notes payable - related party	[3]		$ 50,000
Interest rate			5.00%
[1]	On May 25, 2017 and June 2, 2017, the Company received $5,000 and $10,000, respectively from its director and largest individual shareholder, Vincent L. Celentano in the form of two demand notes. These notes were payable on demand and bore an interest rate of 7%. On February 26, 2019, principal of $15,000 and interest in the amount of $1,839 were converted upon the application of an $87,727 note receivable balance from an entity controlled by Mr. Celentano.
[2]	See (a) in Note 7 for information regarding this note payable.
[3]	On March 28, 2018, the Company borrowed $50,000 under a credit line from EAC. On September 19, 2018, EAC granted the Company an initial extension until October 15, 2018, since extended through May 1, 2019 to repay the Demand Note originally called on April 13, 2018. At December 31, 2018, the credit line had a balance of $50,000 and accrued interest of $2,500. On April 11, 2019, the Company entered into a settlement agreement with EAC whereby it repaid this obligation. In conjunction with this repayment, EAC forgave interest in the amount of $3,192 and $32,000 of past due consulting fees. The $32,000 forgiveness resulted in a gain on the settlement of a payable. No additional amounts are due with respect to the credit line.

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018	Feb. 12, 2019	Mar. 31, 2014
Other Commitments [Line Items]
Security deposit required				$ 31,407
Default amount, payable for settlement	$ 41,937
Accelerated rent and damages	376,424
Attorney costs	12,442
Joint venturer [Member]
Other Commitments [Line Items]
Proceeds from joint venture		$ 288,750
Five Accredited Investor [Member]
Other Commitments [Line Items]
Proceeds from joint venture		$ 213,750
Basalt America Territory 1, LLC [Member]
Other Commitments [Line Items]
Number of restricted shares originally issued to investors that will be returned to unwind investment			2,010,000
Per share value of restricted shares originally issued to investors that will be returned to unwind investment			$ 0.25
Aggregate value of restricted shares originally issued to investors that will be returned to unwind investment			$ 502,500
Percentage of ownership that company will regain from unwind of investment			44.70%
Basalt America Territory 1, LLC [Member]
Other Commitments [Line Items]
Proceeds from investors	$ 502,500
Percentage own by company	55.30%
Percentage owned in joint ventures by investors	44.70%

STOCKHOLDERS' EQUITY (DEFICIT)

STOCKHOLDERS' EQUITY (DEFICIT) (Details) - USD ($)	May 09, 2019	Mar. 14, 2019	May 17, 2019	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019
Class of Stock [Line Items]
Stock issued per share			$ 0.001
Common shares issued			17,710,715
Common stock value			$ 1,168,600	$ 485,000	$ 775,000	$ 93,991	$ 481,250
Deemed dividend on warrants								$ 292,150
Restricted Stock [Member]
Class of Stock [Line Items]
Common shares issued								38,989,285
Common stock value								$ 2,428,600
Warrants exercised during period								13,000,000
Warrants exercised during period, value								$ 1,168,600
Stock Warrants [Member]
Class of Stock [Line Items]
Stock issued per share	$ 0.06
Warrants exercised during period	2,000,000
Warrants exercised during period, value	$ 120,000
Discount rate								20.00%
Related Party [Member]
Class of Stock [Line Items]
Accrued interest		$ 509,178
Related Party [Member] | Note holder and Former Chairman and Chief Executive Officer [Member]
Class of Stock [Line Items]
Principal amount		$ 378,000
Related Party [Member] | Restricted Stock [Member]
Class of Stock [Line Items]
Common shares issued		1,700,985

OPTIONS AND WARRANTS (Narrative

OPTIONS AND WARRANTS (Narrative) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option expense	$ 1,045,734	$ 1,514	$ 1,046,972	$ 3,028
Issuance of warrants expense	$ 0	$ 206,274	$ 72,364	$ 483,064
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted			2,500,000
Option vested			5,042,500	5,007,500

OPTIONS AND WARRANTS (Summary o

OPTIONS AND WARRANTS (Summary of Options and Warrants Assumptions to Estimate Fair Value of Options Granted) (Details)	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate (weighted average)	2.32%	1.91%
Expected volatility (weighted average)	781.08%	133.29%
Expected term (in years)	5 years 6 months	3 years
Expected dividend yield	0.00%	0.00%
Stock Warrants [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate (weighted average)	2.39%	2.65%
Expected volatility (weighted average)	930.05%	900.85%
Expected term (in years)	3 years	3 years 6 months
Expected dividend yield	0.00%	0.00%

OPTIONS AND WARRANTS (Summary_2

OPTIONS AND WARRANTS (Summary of Options and Warrants Grants to Consultants, Directors and Employees) (Details) - USD ($)	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options and Warrants outstanding and exercisable	5,042,500	5,007,500
Weighted-average exercise price	$ 0.40	$ 0.43
Aggregate intrinsic value	$ 1,503,513
Weighted-average remaining contractual term (years)	5 years 2 months 12 days	4 years 7 months 6 days
Stock Warrants [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options and Warrants outstanding and exercisable	30,009,523	6,175,000
Weighted-average exercise price	$ 0.21	$ 0.48
Aggregate intrinsic value	$ 14,701,119
Weighted-average remaining contractual term (years)	4 years 2 months 12 days	4 years 6 months

RELATED PARTIES (Details)

RELATED PARTIES (Details) - USD ($)	May 15, 2019	May 09, 2019	Mar. 15, 2019	Mar. 09, 2019	Feb. 14, 2019	May 17, 2019	Feb. 27, 2019	Jun. 30, 2019
Related Party Transaction [Line Items]
Stock issued price per share						$ 0.001
Common shares issued						17,710,715
Dave Anderson [Member]
Related Party Transaction [Line Items]
Due from related party			$ 25,000
Stock issued price per share			$ 0.05
Strike price of warrants			$ 0.075
Number of securities of common stock callable by warrants			500,000
Restricted Stock [Member]
Related Party Transaction [Line Items]
Warrants exercised during period								13,000,000
Warrants exercised during period, value								$ 1,168,600
Common shares issued								38,989,285
Restricted Stock [Member] | Dave Anderson [Member]
Related Party Transaction [Line Items]
Common shares issued			500,000
Stock Warrants [Member]
Related Party Transaction [Line Items]
Warrants exercised during period		2,000,000
Warrants exercised during period, value		$ 120,000
Stock issued price per share		$ 0.06
Stock Warrants [Member] | Dave Anderson [Member]
Related Party Transaction [Line Items]
Warrants exercised during period	500,000
Warrants exercised during period, value	$ 30,000
Stock issued price per share	$ 0.06
Ronald J. LoRicco [Member]
Related Party Transaction [Line Items]
Due from related party					$ 100,000
Strike price of warrants					$ 0.075
Number of securities of common stock callable by warrants					2,000,000
Ronald J. LoRicco [Member] | Restricted Stock [Member]
Related Party Transaction [Line Items]
Common shares issued					2,000,000
Ronald J. LoRicco [Member] | Stock Warrants [Member]
Related Party Transaction [Line Items]
Warrants exercised during period				4,000,000
Warrants exercised during period, value				$ 240,000
Stock issued price per share				$ 0.06
Michael Barbera [Member]
Related Party Transaction [Line Items]
Due from related party							$ 50,000
Michael Barbera [Member] | Restricted Common Shares [Member]
Related Party Transaction [Line Items]
Stock issued price per share							$ 0.05
Strike price of warrants							$ 0.075
Common shares issued							1,000,000
Number of securities of common stock callable by warrants							1,000,000
Michael Barbera [Member] | Stock Warrants [Member]
Related Party Transaction [Line Items]
Warrants exercised during period	1,000,000
Warrants exercised during period, value	$ 60,000
Stock issued price per share	$ 0.06
Paul M. Sallarulo [Member]
Related Party Transaction [Line Items]
Due from related party			$ 100,000
Stock issued price per share			$ 0.05
Strike price of warrants			$ 0.075
Number of securities of common stock callable by warrants			2,000,000
Paul M. Sallarulo [Member] | Restricted Stock [Member]
Related Party Transaction [Line Items]
Common shares issued			2,000,000

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($)	1 Months Ended
	Jul. 18, 2019	Feb. 26, 2019
Related party [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Convertible note value maturing during period	$ 50,000
Investor [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Convertible note value maturing during period	$ 20,000
Restricted Common Shares [Member]
Subsequent Event [Line Items]
Shares reserved of Basanite, Inc.		50,000
Restricted Common Shares [Member] | Ronald J. LoRicco [Member]
Subsequent Event [Line Items]
Shares reserved of Basanite, Inc.		25,000
Restricted Common Shares [Member] | Accredited investors [Member]
Subsequent Event [Line Items]
Shares reserved of Basanite, Inc.		25,000