Basanite (BASA) 10-K 6 Apr 20 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2019	Apr. 06, 2020	Jun. 28, 2018
Document And Entity Information
Entity Registrant Name	BASANITE, INC.
Entity Central Index Key	0001448705
Document Type	10-K
Document Period End Date	Dec. 31, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2019
Is Entity a Well-known Seasoned Issuer	No
Is Entity a Voluntary Filer	No
Is Entity's Reporting Status Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Public Float			$ 41,698,914
Entity Common Stock, Shares Outstanding		200,902,397
Entity Interactive Data Current	Yes
Entity Incorporation, State or Country Code	NV
Entity File Number	000-53574

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2019	Dec. 31, 2018
CURRENT ASSETS
Cash	$ 129,152	$ 121,831
Accounts receivable, net		883
Inventory	159,472	56,586
Prepaid expenses	26,640	83,177
Deposits and other current assets	145,671	24,000
TOTAL CURRENT ASSETS	460,935	286,477
Lease right-of-use asset	1,222,853
Fixed assets, net	771,996	23,700
Other assets	5,380	200,000
TOTAL LONG TERM ASSETS	2,000,229	223,700
TOTAL ASSETS	2,461,164	510,177
CURRENT LIABILITIES
Accounts payable	218,082	1,002,238
Due to related party		3,422
Accrued expenses	489,179	633,047
Accrued legal liability	790,606
Notes payable	219,617
Notes payable - related party		325,425
Notes payable - convertible	453,991	293,524
Notes payable - convertible - related party		290,273
Lease liability - current portion	221,997
TOTAL CURRENT LIABILITIES	2,393,472	2,547,929
Lease liability - net of current portion	1,094,970
TOTAL LIABILITIES	3,488,442	2,547,929
STOCKHOLDERS' DEFICIT
Preferred stock, $0.001 par value, 5,000,000 shares authorized, none issued and outstanding, respectively
Common stock, $0.001 par value, 1,000,000,000 shares authorized, 200,735,730 and 154,202,008 shares, respectively	200,736	154,202
Additional paid-in capital	24,216,042	18,718,283
Accumulated deficit	(25,444,056)	(21,135,252)
TOTAL STOCKHOLDERS' DEFICIT - CONTROLLING INTEREST	(1,027,278)	(2,262,767)
Non-controlling interest		225,015
TOTAL STOCKHOLDERS' DEFICIT	(1,027,278)	(2,037,752)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 2,461,164	$ 510,177

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 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
Preferred stock, shares outstanding
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	200,735,730	200,735,730
Common stock, shares outstanding	154,202,008	154,202,008

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Revenue
Products sales - rebar	$ 3,892	$ 87,836
Total cost of goods sold	105,010	91,085
Gross loss	(101,118)	(3,249)
OPERATING EXPENSES
Professional fees	341,906	234,668
Payroll, taxes and benefits	865,828	249,046
Consulting	219,326	628,525
General and administrative	2,483,226	2,203,741
Bad debt expense		79,569
Loss on impairment of license		396,849
Impairment of fixed assets	1,478	395,742
Loss on inventory obsolescence		240,121
Total operating expenses	3,911,764	4,428,261
NET LOSS FROM OPERATIONS	(4,012,882)	(4,431,510)
OTHER INCOME (EXPENSE)
Loss on share issuance for extension of debt		(90,061)
Loss on forfeiture of deposit		(1,260,000)
Miscellaneous income	4,469
Gain on settlement of payables	201,617
Interest expense	(113,076)	(106,994)
Total other income (expense)	93,010	(1,457,055)
LOSS FROM CONTINUING OPERATIONS BEFORE DISCONTINUED OPERATIONS	(3,919,872)	(5,888,565)
LOSS FROM DISCONTINUED OPERATIONS		(20,844)
Deemed dividends	(388,932)
NET LOSS	(4,308,804)	(5,909,409)
Net loss attributable to non-controlling interest		540
Net loss attributable to controlling interest	$ (4,308,804)	$ (5,909,949)
Net loss per share - basic and diluted
Continuing operations	$ (0.021)	$ (0.044)
Discontinued operations	0	0
Total	$ (0.021)	$ (0.044)
Weighted average number of shares outstanding - basic and diluted	186,607,492	135,126,733

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-In Capital [Member]	Accumulated Deficit [Member]	Subscription Receivable [Member]	Noncontrolling Interest	Total
Balance, Amount 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							290,000
Stock-based compensation		$ 4,500	1,656,604				1,661,104
Stock-based compensation, shares		4,500,000
Stock issued for cash		$ 17,755	1,452,485				1,470,240
Stock issued for cash, shares		17,754,966
Related party forgiveness of debt			315,709				315,709
Shares issued for debt extension		$ 275	89,786				90,061
Shares issued for debt extension, shares		274,575
Shares issued to convert debt		$ 3,866	286,133				289,999
Shares issued to convert debt, shares		3,866,667
Shares cancelled		$ (500)	500
Shares cancelled, shares		(500,000)
Subscription receivable					500		500
Net loss				(5,909,949)		540	(5,909,409)
Balance, Amount 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		$ 2,139	528,961				531,101
Shares issued to convert notes payable, shares		2,139,437
Stock-based compensation			1,701,316				1,701,316
Stock-based compensation, shares
Stock issued for cash		$ 21,324	1,248,756				$ 1,270,080
Stock issued for cash, shares		21,323,570					19,710,714
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
Warrants exercised for cash		$ 19,711	1,268,889				1,288,600
Warrants exercised for cash, shares		19,710,715
Deemed dividend on common stock			388,932				388,932
Shares issued as loan commitment fee		$ 1,350	137,900				139,250
Shares issued as loan commitment fee, shares		1,350,000
Net loss				(4,308,804)			(4,308,804)
Balance, Amount at Dec. 31, 2019		$ 200,736	$ 24,216,042	$ (25,444,056)			$ (1,027,278)
Balance, Shares at Dec. 31, 2019		200,735,730

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss attributable to controlling interests	$ (4,308,804)	$ (5,909,949)
Adjustments to reconcile net loss to net cash used in operating activities:
Non-controlling interest adjustment		540
Bad debt expense		79,569
Amortization of right of use asset	175,920
Depreciation	17,143	40,202
Amortization of debt discount	(22,533)
Loss on extinguishment of debt		90,061
Loss on impairment of license		396,849
Impairment of fixed assets	1,478	395,742
Loss on inventory obsolescence		240,121
Loss on forfeiture of deposit		1,260,000
Non-cash interest charges	(81,806)
Non-cash loan commitment fee	9,250
Deemed dividend	(388,932)
Stock-based compensation	1,701,316	1,661,104
Amortization of license agreement		50,411
Changes in operating assets and liabilities:
Prepaid expenses	56,537	(25,384)
Inventory	(102,886)	83,559
Deposits
Accounts receivable	883	(80,452)
Other current assets	(127,051)
Accounts payable and accrued expenses	32,084	318,967
Net cash used in operating activities	(2,259,537)	(1,398,660)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of equipment	(766,918)	(2,935)
Deposits on machinery and equipment	200,000	(400,000)
Net cash used in investing activities	(566,918)	(402,935)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of convertible notes payable and convertible notes payable related party	(104,704)	(6,476)
Proceeds from notes payable and notes payable related party	234,760	416,325
Proceeds from convertible notes payable and convertible notes payable related party	408,000
Repayment of notes payable and notes payable related party	(97,108)	(45,900)
Proceeds from sale of common stock	2,392,828	1,370,739
Net cash provided by financing activities	2,833,776	1,734,688
NET INCREASE (DECREASE) IN CASH	7,321	(66,907)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	121,831	188,738
CASH AND CASH EQUIVALENTS AT END OF PERIOD	129,152	121,831
Supplemental cash flow information:
Cash paid for income taxes
Cash paid for interest expense	31,237	7,002
Supplemental disclosure of non cash investing and financing activities:
Related party forgiveness recorded as additional paid-in capital		315,709
Conversion of notes payable into common stock	531,101	290,000
Common shares issued to aquire interest in joint venture	502,500
Exchange of notes payable and related interest for common stock	165,852
Common shares issued for loan commitment fees	$ 137,900

ORGANIZATION, NATURE OF BUSINES

ORGANIZATION, NATURE OF BUSINESS AND GOING CONCERN	12 Months Ended
	Dec. 31, 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) Description of Business 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", “we”, “our”, or “us”. Currently based in Pompano Beach, Florida, the Company intends to manufacture 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. On December 19, 2018, the Company changed its name from PayMeOn, Inc. to Basanite, Inc. to more accurately reflect the new direction of the Company. In 2017, the Company had acquired Basalt America, LLC (“Basalt America”), a business dedicated to the production of reinforcement products made of basalt fiber for the construction industry. Basalt America had an exclusive license with Global Energy Sciences (through an assignment by RAW Energy Materials Corp. (“RAW”)) for the exclusive production and sales of certain trademarked concrete reinforcement products (“RAW License Agreement”). During the second quarter of 2017, the Company entered into a term sheet for a Joint Venture (“Joint Venture”) with accredited investors for the management of Basalt America Territory 1, LLC, which would have 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 as a deposit to purchase future inventory from May to August 2017. Operations commenced during the fourth quarter of 2017. The Company owned 55.3% and the investors owned 44.7% of the joint venture. In October 2018, Basalt America and affiliates of Global Energy Sciences entered litigation over various contractual disputes. The RAW License Agreement was terminated on January 29, 2019. During 2018, the Company formed Basanite Industries, LLC (“Basanite Industries”) to pursue the basalt fiber reinforcement business through the production of its own proprietary basalt fiber reinforcement. The Company has equipped itself with new personnel, new and different equipment, new proprietary resin matrix and products; all outside of any relationship or knowledge associated with the RAW License Agreement, to establish its successful market entry through its wholly owned subsidiary Basanite Industries, LLC. Prior to entering the reinforcement business, the Company had conducted business through two separate wholly owned subsidiaries: HLM Paymeon, Inc., and Paymeon Brands, Inc. On March 19, 2018, the Board of Directors of the Company approved the disposal of HLM Paymeon, Inc. and Paymeon Brands, Inc. as the Company continued its strategic shift into the basalt fiber reinforcement business. The disposal of HLM Paymeon, Inc. and Paymeon Brands, Inc. was effective September 30, 2018. As a result of this disposal, the Company recorded a loss from discontinued operations in the accompanying consolidated financial statements as of December 31, 2018. (B) Liquidity and Management Plan Since inception, the Company has incurred net operating losses and used cash in operations. The Company has an accumulated deficit of approximately $25.4 million and $21.1 million, a working capital deficiency of approximately $1.9 million and $2.3 million, and cash used in operations of approximately $2.3 million and $1.4 million at December 31, 2019 and 2018, respectively. Losses have principally occurred as a result of the substantial resources required for product development and marketing of the Company's products, which include the general and administrative expenses associated with its organization and product development. We expect operating losses to continue due to the anticipated costs to test and certify our fiber reinforced polymer rebar manufacturing process and product. At December 31, 2019, the Company had cash of $129,152 compared to $121,831 at December 31, 2018. The Company believes that it has sufficient capital and access to future capital to fund its planned operations to enter into the second quarter of calendar year 2020. We have historically satisfied our working capital requirements through the sale of restricted common stock and the issuance of warrants and promissory notes. This occurred during most of 2019. To the extent future revenues and corresponding cash flows do not materialize, we will attempt to fund working capital requirements through third party financing, including a private placement of our securities as well as bridge loan arrangements. We cannot provide any assurances that required capital will be obtained or that the terms of such required capital may be acceptable to us. If we are unable to obtain adequate financing, we may reduce our operating activities until sufficient funding is secured or revenues are generated to support operating activities. These conditions raise substantial doubt about the Company's ability to continue as a going concern. These 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	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (A) Use of Estimates in Financial Statements The Company has made estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and revenues and expenses during the reported periods. The Company’s actual results could differ from these estimates. The Company reviews all significant estimates affecting the consolidated financial statements on a recurring basis and records the effect of any necessary adjustments prior to their issuance. Significant estimates made by the Company include: contingent liabilities, incremental borrowing rate, and stock-based compensation and other stock-based valuations. (B) Principles of Consolidation The consolidated financial statements include the accounts of Basanite, Inc. and its wholly owned subsidiaries, Basanite Industries, LLC, Basalt America, LLC, formerly known as Rockstar Acquisitions, LLC, HLM Paymeon, Inc. and Paymeon Brands, Inc. All significant intercompany balances have been eliminated in consolidation. (C) Cash The Company considers all highly liquid temporary cash instruments with an original maturity of three months or less to be cash equivalents. The Company places its cash and cash equivalents and restricted cash on deposit with financial institutions in the United States, which are insured by the Federal Deposit Insurance Company ("FDIC") up to $250,000. The Company's credit loss in the event of failure of these financial institutions is represented by the difference between the FDIC limit and the total amounts on deposit. Management monitors the financial institutions credit worthiness in conjunction with balances on deposit to minimize risk. (D) Inventories The Company’s inventories consist of raw materials and finished goods, both purchased and manufactured. Inventories are stated at the lower of cost or net realizable value. Cost is determined on the first-in, first-out basis. Raw inventory consists 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. During the year ended December 31, 2018, the Company recorded an impairment charge related to obsolete inventory. No impairment charge was recorded during the year ended December 31, 2019. The Company’s inventory at December 31, 2019 and 2018 was comprised of: December 31, December 31, 2018 Finished goods $ 47,462 $ 56,586 Raw materials 112,010 — Total inventory $ 159,472 $ 56,586 (E) Fixed assets Fixed assets are stated at cost, subject to adjustments for impairment, less accumulated depreciation and amortization. Depreciation and amortization are computed using a straight-line method over the following estimated useful lives: Computer equipment 3 years Machinery 7 years Leasehold improvements 15 years Office furniture and equipment 5 years Land improvements 15 years Website development 3 years Maintenance and repairs are charged to expenses as incurred, and improvements to leased facilities and equipment are capitalized. Fixed assets consist of the following: December 31, December 31, 2018 Computer equipment $ 7,268 $ 13,813 Machinery 578,347 20,000 Leasehold improvements 137,217 — Office furniture and equipment 62,926 — Land improvements 7,270 — Website development 27,275 24,775 Total fixed assets 820,303 58,588 Accumulated depreciation (48,307 ) (34,888 ) Total fixed assets, net $ 771,996 $ 23,700 Depreciation expense for the year ended December 31, 2019 was $17,143 compared to $40,202 for the year ended December 31, 2018. The Company’s long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the undiscounted future net cash flows expected to be generated by that asset. If the carrying amount of an asset exceeds its estimated future undiscounted cash flows, an impairment charge is recognized by the amount by which the carrying amount of the asset exceeds the fair value of the asset. (F) Deposits The Company’s deposits consist of the deposits made on equipment. The deposits are reclassified as part of the fixed asset cost when received and placed into service. The Company reclassified $200,000 of deposits from December 31, 2018 into machinery during the year ended December 31, 2019. (G) Accrued expenses The Company’s accrued expenses consist of the following: December 31, December 31, 2018 Accrued payroll $ 296,184 $ 271,354 Accrued payroll taxes 25,144 20,758 Accrued interest (1) 98,091 276,362 Credit cards payable 49,715 59,357 Accrued expenses 20,045 5,216 Total accrued expenses $ 489,179 $ 633,047 (1) As of December 31, 2018, the balance included $68,267 of accrued interest on the judgement with CalSTRS (See Note 9 - Commitments and Contingencies, Legal Matters for more details). As of December 31, 2019, this amount has been reclassed to accrued legal liability. See item (H) Accrued legal liability (H) Accrued legal liability The Company’s accrued legal liability consist of the following: December 31, December 31, 2018 Accrued consulting fees (1) $ 315,000 $ — Judgement payable (1) 388,867 — Accrued interest on judgement (2) 86,739 — Total accrued legal liability $ 790,606 $ — (1) As of December 31, 2018, these balances were included in Accounts payable. As of December 31, 2019, this amount has been reclassed to accrued legal liability. Accrued consulting fees are part of the litigation with RAW Energy Material Corp. Judgement payable is the amount of the judgement to be paid to CalSTRS. (See Note 9 - Commitments and Contingencies, Legal Matters for more details.) (2) As of December 31, 2018, the balance of $68,267 was included in Accrued interest. See item (G) Accrued expenses above (I) 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. The following are dilutive shares not included in the loss per share computation: December 31, December 31, 2018 Options 5,042,500 2,587,500 Warrants 29,849,761 18,025,000 Convertible shares 984,014 2,715,897 35,876,275 23,328,397 (J) Stock-Based Compensation The Company recognizes compensation costs to employees under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“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 grant. The Company used the Black Scholes valuation model to determine the fair value of the grants issued, using the following key assumptions for the years ended December 31, 2019 and 2018: 2019 2018 Expected price volatility 118.66 - 152.63 % — Risk-free interest rate 2.32 - 2.41 % — Expected life in years 4 - 10 — Dividend yield — — (K) Non-controlling Interests in Consolidated Financial Statements Accounting guidance on non-controlling interests in 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 years ended December 31, 2019 and 2018, respectively, are included in the consolidated financial statements. On February 12, 2019, as a result of the termination of the RAW License Agreement (see Note 9), 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 consolidated financial statements. As a result of this unwinding, Basalt America Territory 1, LLC was fully consolidated into Basalt America. (L) Income Taxes On December 22, 2017, the U.S. government enacted the Tax Cuts and Jobs Act (the “Tax Act”). The Tax Act’s most significant change to the U.S. corporate income tax system was the federal corporate rate reduction from 35% to 21%. The provisions in the Tax Act are effective January 1, 2018. The Company has not recorded any income tax expense or benefit for the years ended December 31, 2019 and 2018 due to its history of net operating losses. The provision for income taxes was calculated as a result of the following (in thousands): December 31, 2019 2018 Federal tax at statutory rate $ (823 ) $ (2,183 ) State taxes, net of federal income tax benefit (171 ) (377 ) Change of valuation allowance 987 2,423 Non-deductible expenses and other 7 137 Provision for income tax $ — $ — The tax effects of temporary differences that give rise to significant portions of the Company’s deferred tax assets and liabilities are as follows (in thousands): December 31, 2019 2018 Deferred tax assets: Net operating loss carryforwards $ 4,356 $ 4,897 TCJA Adjustment — (1,367 ) Accruals and allowances 10 — Stock-based compensation 1,059 573 Impairment — 183 Total deferred tax assets 5,425 4,286 Valuation allowance (5,425 ) (4,286 ) Total deferred tax assets net of valuation allowance — — Deferred tax liabilities: Property, equipment and intangible assets (57 ) — Total deferred tax liabilities (57 ) — Valuation allowance 57 — Total deferred tax liabilities net of valuation allowance — — Net deferred tax assets $ — $ — As of December 31, 2019, the Company has a valuation allowance of approximately $5.4 million related to federal net operating loss (“NOL”) carryforwards of approximately $17.2 million. The amount of the valuation allowance represented an increase of approximately $1.1 million over the amount recorded as of December 31, 2018, and was due to the increase in net operating losses. If not utilized, federal net operating losses of $4.2 million may be carried forward indefinitely, and $13 million will expire at various times between 2031 and 2037. State net operating losses follow federal. Management has evaluated all other tax positions that could have a significant effect on the financial statements and determined the Company had no uncertain income tax positions at December 31, 2019. The Company files income tax returns in the U.S. federal jurisdiction and Florida. The Company is subject to U.S. federal and Florida state tax examinations for certain years after 2016.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	12 Months Ended
	Dec. 31, 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 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	12 Months Ended
	Dec. 31, 2019
Lessee Disclosure [Abstract]
OPERATING LEASE	NOTE 4 – OPERATING LEASE On January 18, 2019, the Company entered into an agreement to lease approximately 25,470 square feet of office and manufacturing space in Pompano Beach, Florida through March 2024. 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 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, as a result of the lease amendment, the lease deposit required was increased to $74,000. The Company has adopted ASU No. 2016-02, Leases (Topic 842) The future minimum lease payments to be made under the operating lease as of December 31, 2019: 2020 $ 405,900 2021 415,033 2022 427,484 2023 440,308 2024 110,884 Total minimum lease payments 1,799,609 Discount (482,642 ) Operating lease liability $ 1,316,967 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 December 31, 2019, the weighted-average remaining lease term is 4.50 years and the weighted-average discount rate used to determine the operating lease liability was 15.0%.

NOTES PAYABLE - CONVERTIBLE - R

NOTES PAYABLE - CONVERTIBLE - RELATED PARTY	12 Months Ended
	Dec. 31, 2019
Notes Payable, by Type, Current and Noncurrent [Abstract]
NOTES PAYABLE - CONVERTIBLE - RELATED PARTY	NOTE 5 – NOTES PAYABLE – CONVERTIBLE – RELATED PARTY Notes payable – convertible – related party totaled $0 and $290,273 at December 31, 2019 and December 31, 2018, respectively. In March 2019, under the terms of the original agreements, the principal 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 a secured convertible promissory note agreement with a related party in the amount of $50,000. The note had a term of 180 days bearing an interest rate of 15% per annum. If the Company chose to exercise the option to convert, the notes would have been converted into shares of the Company’s common stock for a conversion price of $0.05 per share. The investor would also have been entitled to receive five-year warrants with a strike price of $0.075 per share. The warrants would have equaled the number of shares received in the conversion of the Secured Convertible Promissory Note. On September 4, 2019, the $50,000 note was paid along with accrued interest in the amount of $4,704.

NOTES PAYABLE - CONVERTIBLE

NOTES PAYABLE - CONVERTIBLE	12 Months Ended
	Dec. 31, 2019
Notes Payable, by Type, Current and Noncurrent [Abstract]
NOTES PAYABLE - CONVERTIBLE	NOTE 6 – NOTES PAYABLE – CONVERTIBLE Notes payable – convertible totaled $453,991 and $293,524 at December 31, 2019 and December 31, 2018, respectively. On October 22, 2015, the Company issued an unsecured promissory note in the principal amount of $300,000 to PDQ Auctions, LLC. The note bears interest at an annual rate of 7% and was originally payable on or before October 22, 2017 (subsequently extended until May 2021), unless the note was converted or prepaid prior to the maturity date. Subject to certain limitations, the note may be converted at any time, at the option of the holder, into shares of the Company’s common stock at a conversion price of $0.35 per share, subject to adjustment. In the event the Company issues any new or additional promissory notes that pay an interest rate that exceeds 7% per annum (subsequently increased to 10% and then to 15%), then the holder shall be entitled to request an increase in the interest rate payable on the note to an amount equal to the rate being paid on the new or additional notes. The conversion of the note may be limited if, upon conversion, the holder thereof would beneficially own more than 4.9% of the Company’s common stock. The note may be prepaid at the option of the Company commencing 190 days after the issuance of the note. On May 2, 2018, the Company secured a three-year extension of the convertible note in return for (1) a $5,000 per month payment applicable to current interest and principal beginning on April 22, 2018, and (2) the issuance of 274,575 new, restricted common shares. The shares were issued on June 13, 2018. The Company had begun making payments, but is not current with payments, required by the extension. The modifications to this debt instrument are reflected as a material modification in the Company’s financial statements as of December 31, 2018 in the amount of $90,061 and reflected as a loss on share issuance for extension of debt on the Company’s statement of operations. As of December 31, 2019, the Company has made payments totaling $50,000, applied pro-ratably to principal and interest, thereby reducing the note payable balance to $268,524. As of December 31, 2019, accrued expenses includes $75,881 of accrued interest for this note. On October 10, 2019, the Company entered into a Securities Purchase Agreement (the “SPA”) with Labrys Fund, LP (the “Investor”) pursuant to which the Investor purchased a 15% Convertible Promissory Note (the “Note”) from the Company. Unless there is a specific Event of Default (as such term is defined in the Note) or the Note remains unpaid by April 16, 2020 (the “Maturity Date”), then the Investor shall have the ability to convert the principal and interest under the Note into shares of the Company's common stock. If the Note is not repaid prior to the Maturity Date, the per share conversion price into which the principal amount and interest under the Note may be converted is equal to the lesser of (i) 60% multiplied by the lowest Trade Price (as such term is defined in the Note) of the common stock during the 25 consecutive trading days ending on the latest complete trading day prior to the date of issuance of the Note, and (ii) 60% multiplied by the lowest Market Price (as such term is defined in the Note) of the common stock during the 25 trading day period ending on the latest complete trading day prior to the Conversion Date (as such term is defined in the Note). Pursuant to the SPA, the Company agreed to issue and sell to the Investor the Note, in the principal amount of $338,000. The Company received net proceeds from the Note of $300,000 after an original issue discount of $33,800 and a reduction for Investor’s legal counsel fees of $4,200. Additionally, the Company issued 1,300,000 shares of common stock to the Investor as a commitment fee (the “Returnable Shares”) which was valued at $.10 per share and recorded as an offset to the principal amount. The Returnable Shares must be returned to the Company in the event the Note is fully paid and satisfied prior to the Maturity Date. The proceeds from the Note was used for general working capital purposes. As of December 31, 2019, accrued expenses include $10,639 of accrued interest for this note. On March 9, 2020, a principal payment of $100,000 was made towards the balance of the note. On January 18, 2019, the Company entered into a secured convertible promissory note agreement with an accredited investor in the amount of $20,000. The note had a term of 180 days bearing an interest rate of 15% per annum. At the Company’s sole option, the notes could be converted into shares of the Company’s common stock. If the note was converted, the investor was entitled to receive five-year warrants. On September 24, 2019, the principal balance of $20,000 plus accrued interest of $1,923 was converted into 438,452 restricted common shares at a conversion rate of $0.05 per share. The investor also received 266,667 five-year warrants with an exercise price of $0.075 per share resulting in a deemed dividend of $66,782. Interest expense for the Company’s convertible notes payable was $51,015 and $26,842 for the years ended December 31, 2019 and December 31, 2018, respectively. Accrued interest for the Company’s convertible notes payable at December 31, 2019 and December 31, 2018 was $86,520 and $66,558, respectively.

NOTES PAYABLE

NOTES PAYABLE	12 Months Ended
	Dec. 31, 2019
Notes Payable [Abstract]
NOTES PAYABLE	NOTE 7 – NOTES PAYABLE Notes payable totaled $219,617 and $0 at December 31, 2019 and December 31, 2018, respectively. During the year ended December 31, 2018, the Company issued unsecured, 4% demand promissory notes to VCVC, LLC (“VCVC”) totaling $260,425. VCVC is the personal holding company of Vincent L. Celentano, who was our chairman and chief executive officer at the time of the notes. 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 $4,267 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 Notes payable – related party (See Note 8). At December 31, 2019, these notes had accrued interest of $11,721. 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. The balance as of December 31, 2019 was $6,954. On September 3, 2019, the Company entered a financing arrangement with their landlord to borrow against their rent payments. The financing has an interest rate of 7% and lasts through May of 2020. The balance as of December 31, 2019 was $20,698. Interest expense for the Company’s notes payable was $7,675 and $369 for the years ended December 31, 2019 and 2018, respectively. Accrued interest for the Company’s notes payable at December 31, 2019 and December 31, 2018 was $11,244 and $0, respectively.

NOTES PAYABLE - RELATED PARTY

NOTES PAYABLE - RELATED PARTY	12 Months Ended
	Dec. 31, 2019
Related Party Transactions [Abstract]
NOTES PAYABLE - RELATED PARTY	NOTE 8 – NOTES PAYABLE – RELATED PARTY Notes payable – related party totaled $0 and $325,425 at December 31, 2019 and December 31, 2018, respectively. On May 25, 2017 and June 2, 2017, the Company received $5,000 and $10,000, respectively, from its former director, 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. During the year ended December 31, 2018, the Company issued unsecured, 4% demand promissory notes to VCVC, LLC (“VCVC”) totaling $260,425. These notes were previously recorded as notes payable – related party. See Note 7 for information regarding this note payable. On March 28, 2018, the Company borrowed $50,000 under a credit line from EAC Management, LLC (“EAC”), an entity owned by Edward Cespedes, our former Chief Executive Officer. On September 19, 2018, EAC granted the Company an initial extension until October 15, 2018, which was subsequently extended through May 1, 2019, to repay the credit line which was originally called due 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 was $2,926 and $28,540 for the years ended December 31, 2019 and December 31, 2018, respectively. Accrued interest for the Company’s notes payable – related party at December 31, 2019 and December 31, 2018 was $0 and $14,427, respectively.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 9 – COMMITMENTS AND CONTINGENCIES 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 were used for the purchase of inventory from May to August 2017. The Company initially owned 55.3% 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 In the ordinary course of operations, the Company may become a party to legal proceedings. Based upon information currently available, management believes that such legal proceedings, individually or in the aggregate, will not have a material adverse effect on the Company's business, financial condition, cash flows, or results of operations except as provided below. CalSTRS Judgement 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 office space) alerting 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 as of April 1, 2014. 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. 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 and the Company has reserved the entire judgement of $388,866. The total amount is accruing interest at the statutory rate of 4.75%. The accrued interest on the judgement at December 31, 2019 is $86,739. HLM Paymeon Storefront Damage Settlement On December 15, 2016, a third-party driver drove his car through the Company’s retail storefront located at 2599 N. Federal Highway, Fort Lauderdale, FL 33305. The accident caused severe damage to the building causing the city of Fort Lauderdale to declare the building an unsafe structure. The Company was forced to vacate the premises, therefore, terminating the lease. The damaged storefront and terminated lease effectively terminated the business. On August 3, 2017, the Company filed a complaint with the Circuit Court of the 17 th RAW Materials Litigation On or about August 28, 2018, Raw Energy Materials Corp filed an action for declaratory relief and breach of contract in Broward County, Florida, in the 17 th

STOCKHOLDERS' DEFICIT

STOCKHOLDERS' DEFICIT	12 Months Ended
	Dec. 31, 2019
Stockholders' Equity Note [Abstract]
STOCKHOLDERS' DEFICIT	NOTE 10 – STOCKHOLDERS’ DEFICIT 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. In February 2019, the Company issued 3,000,000 restricted common shares, par value $.001 per share, for $.05 per share and 3,000,000 warrants with a strike price of $.075 per share in exchange for $150,000. The Company also issued 3,000,000 restricted common shares, par value $.001 per share, for $.05 per share and 3,000,000 warrants with a strike price of $.075 per share in exchange for $150,000 to related parties. 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. In March 2019, the Company issued 7,000,000 restricted common shares, par value $.001 per share, for $.05 per share and 7,000,000 warrants with a strike price of $.075 per share in exchange for $350,000. The Company also issued 2,500,000 restricted common shares, par value $.001 per share, for $.05 per share and 2,500,000 warrants with a strike price of $.075 per share in exchange for $125,000 to related parties. On April 18, 2019, the Company issued 1,250,000 restricted common shares, par value $.001 per share for $.20 per share and 5,000,000 warrants with a strike price of $.30 per share in exchange for $250,000. On April 19, 2019, the Company issued 28,570 restricted common shares, par value $.001 per share, for $.35 per share and 28,570 warrants with a strike price of $.35 per share in exchange for $10,000. In April 2019, the Company issued 4,500,000 restricted common shares, par value $.001 per share, for $.05 per share and 4,500,000 warrants with a strike price of $.075 per share in exchange for $225,000. 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. Of the 17,710,715 shares issued from the exercise of warrants, 7,500,000 shares were issued to related parties. In connection with the issuance of common stock, $292,150 was recognized as a deemed dividend on the warrants, which represents the intrinsic value of the discounted exercise price of the warrants exercised as the holders of the warrants are also common shareholders. On September 24, 2019, a noteholder converted their convertible note payable with principal and accrued interest under the note in the amount of $21,923 in exchange for 438,452 restricted common shares and 266,667 five-year warrants with a strike price of $0.075 per share. In connection with the issuance of the common stock, $66,782 was recognized as a deemed dividend on the warrants, which represents the intrinsic value of the warrants received as a part of the conversion. On September 24, 2019, the Company issued 50,000 restricted common shares to two investors (25,000 to a related party and 25,000 to an unrelated party) as part of previous financing arrangements made with the Company. The common shares were valued at $9,250 ($0.185 per share) and have been recorded as a loan commitment fee. On October 16, 2019, the Company issued 1,300,000 restricted common shares to an investment fund as returnable shares to serve as a loan commitment fee per the conversion note payable agreement. See Note 6 – Notes payable - convertible. On December 4, 2019, an investor exercised its warrants for 2,000,000 shares at a strike price of $.06 per share (a 20% discount to their original strike price of $.075 per share) in exchange for $120,000. In connection with the issuance of the common stock, $30,000 was recognized as a deemed dividend on the warrants, which represents the intrinsic value of the discounted exercise price of the warrants exercised as the holder of the warrant is also a common shareholder. On December 11, 2019, the Company issued 45,000 restricted common shares, par value $.001, at $.224 per share and 45,000 five-year warrants at a strike price of $.67 per share to its Chief Financial Officer, Isabella Barbera, in exchange for $10,080. During the year ended December 31, 2019, the Company issued 41,034,285 restricted common shares for proceeds received in the amount of $3,191,119 from the sale of stock from accredited investors and related parties, including the $1,288,600 from the discounted warrant exercise. Included in the total shares issued, 13,070,000 of these shares were issued to related parties.

OPTIONS AND WARRANTS

OPTIONS AND WARRANTS	12 Months Ended
	Dec. 31, 2019
Share-based Payment Arrangement [Abstract]
OPTIONS AND WARRANTS	NOTE 11 – OPTIONS AND WARRANTS Stock Options: The following table provides the activity in options for the respective periods: Total Options Outstanding Weighted Average Exercise Price Aggregate Intrinsic Value Balance at December 31, 2017 5,600,000 $ 0.43 $ 741,600 Cancelled (3,012,500 ) (0.51 ) Balance at December 31, 2018 2,587,500 $ 0.35 $ — Issued 2,500,000 0.25 Cancelled (45,000 ) (0.25 ) Balance at December 31, 2019 5,042,500 $ 0.40 $ — Options exercisable and outstanding at December 31, 2019 are as follows: Weighted Average Range of Remaining Weighted Average Aggregate Exercise Prices Number Outstanding Contractual Life (Years) Exercise Price Intrinsic Value $0.01 - $0.50 2,502,500 3.49 $0.25 $— $0.51 - $1.00 2,540,000 5.80 $0.54 — 5,042,500 $— Stock Warrants: The following table provides the activity in warrants for the respective periods: Total Warrants Weighted Average Exercise Price Aggregate Intrinsic Value Balance at December 31, 2017 5,650,000 $ 0.46 $ — Granted 12,375,000 0.14 Balance at December 31, 2018 18,025,000 $ 0.24 $ — Granted 31,535,475 0.12 Exercised (19,710,714 ) 0.07 Balance at December 31, 2019 29,849,761 $ 0.23 $ 1,956,750 Warrants exercisable and outstanding at December 31, 2019 are as follows: Weighted Average Range of Remaining Weighted Average Aggregate Exercise Prices Number Outstanding Contractual Life (Years) Exercise Price Intrinsic Value $0.01 - $0.50 26,827,261 3.72 $0.18 $1,956,750 $0.51 - $1.00 3,022,500 2.94 $0.60 — 29,849,761 $1,956,750 During the year ended December 31, 2019, warrants to purchase 19,400,000 shares of common stock with an exercise price of $0.075 per share were exercised at a 20% discount for $1,164,000, warrants to purchase 160,000 shares of common stock with an exercise price of $0.60 per share were exercised at a 20% discount for $76,800, warrants to purchase 140,000 shares of common stock with an exercise price of $0.40 per share were exercised at a 20% discount for $44,800, and warrants to purchase 10,714 shares of common stock with an exercise price of $0.35 per share were exercised at a 20% discount for $3,000. The total received for the exercise of warrants was $1,288,600, resulting in the issue of a total of 19,710,714 shares of common stock. During the years ended December 31, 2019 and 2018, total stock-based compensation expense amounted to $1,701,316

RELATED PARTIES

RELATED PARTIES	12 Months Ended
	Dec. 31, 2019
Related Party Transactions [Abstract]
RELATED PARTIES	NOTE 12 – RELATED PARTIES On January 18, 2019, the Company entered into a secured convertible promissory note agreement with Michael Barbera, a member of our Board of Directors, in the amount of $50,000. On September 4, 2019, in full satisfaction of the convertible promissory note, the Company paid $54,704 to Michael Barbera. On February 8, 2019, the Company issued a 90-day promissory note to RVRM, an entity managed by Ronald J. LoRicco, Sr., a member of our Board of Directors, in the amount of $80,000. On May 15, 2019, the Company and the noteholder agreed to fully settle this note, including accrued interest of $2,926, by way of reducing the cash payment required for its exercise of 4,000,000 warrants at a discounted price of $.06 per share for a total investment of $240,000 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. 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 at a price of $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 May 15, 2019, during the discounted exercise event, the entity exercised its 2,000,000 warrants at a discounted price of $.06 per share 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 at a price of $.05 per share and cash warrants to purchase an additional 1,000,000 restricted common shares with a strike price of $.075 per share. On May 15, 2019, during the discounted exercise event, the 1,000,000 warrants were exercised at a discounted price of $.06 per share for a total investment of $60,000. On March 4, 2019, Richard Krolewski, our former Chief Executive Officer, was granted 5,000,000 cash warrants to purchase restricted common shares with a strike price of $.1235 per share as part of his employment agreement. On March 14, 2019, several noteholders, including 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. 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 at a price of $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 Operations Officer, in consideration for 500,000 restricted common shares at a price of $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 per share for a total investment of $30,000. On September 24, 2019, the Company issued 25,000 restricted common shares to an entity partially owned by Ronald J. LoRicco, Sr., a member of our Board of Directors, as part of a previous financing arrangement made with the Company. The common shares valued at $4,625 ($0.185 per share) have been recorded as a loan commitment fee. On December 11, 2019, the Company received a total of $10,080 investment from Isabella Barbera, Chief Financial Officer, in consideration for 45,000 restricted common shares at a price of $0.224 per share and cash warrants to purchase an additional 45,000 restricted common shares with a strike price of $0.67 per share.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2019
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 13 – SUBSEQUENT EVENTS On January 16, 2020, the Company issued a demand note payable to Michael Barbera, the chairman of our Board of Directors, in the amount of $50,000. The note has a maturity date of July 16, 2020 and an interest rate of 10% per annum. On January 16, 2020, the Company issued a demand note payable to First New Haven Mortgage Company, an entity managed by Ronald J. LoRicco, Sr., a member of our Board of Directors, in the amount of $50,000. The note has a maturity date of July 16, 2020 and an interest rate of 10% per annum. On February 26, 2020, the Company signed a Complete Release of All Claims related to the HLM Paymeon Storefront Damage On March 5, 2020, the Company entered into an unsecured convertible promissory note agreement with Jeffrey Saferstein, an advisor to our Board, in the amount of $50,000. The note has a term of 9 months bearing an interest rate of 10% per annum. On or after June 6, 2020, if the note remains outstanding, either party can opt to convert. The note may be converted into shares of the Company’s restricted common shares for a conversion price to be determined at the close of the market on June 5, 2020 subject to a 20% discount. If the note is converted, the investor is also entitled to receive five-year warrants equal to the principal divided by the conversion price. The strike price of the warrants will be 3 times the conversion price. On March 6, 2020, the Board moved for the removal of our former Chief Executive Officer, Richard Krolewski. Subsequently, they moved for the appointment of Simon R. Kay as interim acting Chief Executive Officer. On March 9, 2020, the Company received a total of $400,000 investment from an investor, in consideration for 4,000,000 restricted common shares at a price of $0.10 per share and cash warrants to purchase an additional 4,000,000 restricted common shares with a strike price of $0.30 per share. The shares and warrants have not been issued as of the date of this report. On March 9, 2020, the Company made a $100,000 principal payment towards its financial obligation to Labrys Fund. See Note 6 – Notes Payable - Convertible for more details on this financial obligation. On March 25, 2020, the Company received a total of $16,667 investment from an investor, in consideration for 166,667 restricted common shares at a price of $0.10 per share and cash warrants to purchase an additional 166,667 restricted common shares with a strike price of $0.40 per share. In March 2020, the World Health Organization declared the outbreak of a novel Coronavirus (CoViD-19) as a pandemic, which continues to spread throughout the United States and the world. While the disruption to our business is expected to be temporary, there is uncertainty around the duration. Our facility has been ordered temporarily closed for the safety of our employees as we are not considered an “essential business.” To date, we have not seen a material impact to our business other than a temporary delay to scaling production. However, the financial impact from COVID-19 cannot be reasonably estimated at this time.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Use of Estimates in Financial Statements	(A) Use of Estimates in Financial Statements The Company has made estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and revenues and expenses during the reported periods. The Company’s actual results could differ from these estimates. The Company reviews all significant estimates affecting the consolidated financial statements on a recurring basis and records the effect of any necessary adjustments prior to their issuance. Significant estimates made by the Company include: contingent liabilities, incremental borrowing rate, and stock-based compensation and other stock-based valuations.
Principles of Consolidation	(B) Principles of Consolidation The consolidated financial statements include the accounts of Basanite, Inc. and its wholly owned subsidiaries, Basanite Industries, LLC, Basalt America, LLC, formerly known as Rockstar Acquisitions, LLC, HLM Paymeon, Inc. and Paymeon Brands, Inc. All significant intercompany balances have been eliminated in consolidation.
Cash	(C) Cash The Company considers all highly liquid temporary cash instruments with an original maturity of three months or less to be cash equivalents. The Company places its cash and cash equivalents and restricted cash on deposit with financial institutions in the United States, which are insured by the Federal Deposit Insurance Company ("FDIC") up to $250,000. The Company's credit loss in the event of failure of these financial institutions is represented by the difference between the FDIC limit and the total amounts on deposit. Management monitors the financial institutions credit worthiness in conjunction with balances on deposit to minimize risk.
Inventories	(D) Inventories The Company’s inventories consist of raw materials and finished goods, both purchased and manufactured. Inventories are stated at the lower of cost or net realizable value. Cost is determined on the first-in, first-out basis. Raw inventory consists 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. During the year ended December 31, 2018, the Company recorded an impairment charge related to obsolete inventory. No impairment charge was recorded during the year ended December 31, 2019. The Company’s inventory at December 31, 2019 and 2018 was comprised of: December 31, December 31, 2018 Finished goods $ 47,462 $ 56,586 Raw materials 112,010 — Total inventory $ 159,472 $ 56,586
Fixed assets	(E) Fixed assets Fixed assets are stated at cost, subject to adjustments for impairment, less accumulated depreciation and amortization. Depreciation and amortization are computed using a straight-line method over the following estimated useful lives: Computer equipment 3 years Machinery 7 years Leasehold improvements 15 years Office furniture and equipment 5 years Land improvements 15 years Website development 3 years Maintenance and repairs are charged to expenses as incurred, and improvements to leased facilities and equipment are capitalized. Fixed assets consist of the following: December 31, December 31, 2018 Computer equipment $ 7,268 $ 13,813 Machinery 578,347 20,000 Leasehold improvements 137,217 — Office furniture and equipment 62,926 — Land improvements 7,270 — Website development 27,275 24,775 Total fixed assets 820,303 58,588 Accumulated depreciation (48,307 ) (34,888 ) Total fixed assets, net $ 771,996 $ 23,700 Depreciation expense for the year ended December 31, 2019 was $17,143 compared to $40,202 for the year ended December 31, 2018. The Company’s long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the undiscounted future net cash flows expected to be generated by that asset. If the carrying amount of an asset exceeds its estimated future undiscounted cash flows, an impairment charge is recognized by the amount by which the carrying amount of the asset exceeds the fair value of the asset.
Deposits	(F) Deposits The Company’s deposits consist of the deposits made on equipment. The deposits are reclassified as part of the fixed asset cost when received and placed into service. The Company reclassified $200,000 of deposits from December 31, 2018 into machinery during the year ended December 31, 2019.
Accrued expenses	(G) Accrued expenses The Company’s accrued expenses consist of the following: December 31, December 31, 2018 Accrued payroll $ 296,184 $ 271,354 Accrued payroll taxes 25,144 20,758 Accrued interest (1) 98,091 276,362 Credit cards payable 49,715 59,357 Accrued expenses 20,045 5,216 Total accrued expenses $ 489,179 $ 633,047 (1) As of December 31, 2018, the balance included $68,267 of accrued interest on the judgement with CalSTRS (See Note 9 - Commitments and Contingencies, Legal Matters for more details). As of December 31, 2019, this amount has been reclassed to accrued legal liability. See item (H) Accrued legal liability
Accrued legal liability	(H) Accrued legal liability The Company’s accrued legal liability consist of the following: December 31, December 31, 2018 Accrued consulting fees (1) $ 315,000 $ — Judgement payable (1) 388,867 — Accrued interest on judgement (2) 86,739 — Total accrued legal liability $ 790,606 $ — (1) As of December 31, 2018, these balances were included in Accounts payable. As of December 31, 2019, this amount has been reclassed to accrued legal liability. Accrued consulting fees are part of the litigation with RAW Energy Material Corp. Judgement payable is the amount of the judgement to be paid to CalSTRS. (See Note 9 - Commitments and Contingencies, Legal Matters for more details.) (2) As of December 31, 2018, the balance of $68,267 was included in Accrued interest. See item (G) Accrued expenses above
Loss Per Share	(I) 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. The following are dilutive shares not included in the loss per share computation: December 31, December 31, 2018 Options 5,042,500 2,587,500 Warrants 29,849,761 18,025,000 Convertible shares 984,014 2,715,897 35,876,275 23,328,397
Stock-Based Compensation	(J) Stock-Based Compensation The Company recognizes compensation costs to employees under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“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 grant. The Company used the Black Scholes valuation model to determine the fair value of the grants issued, using the following key assumptions for the years ended December 31, 2019 and 2018: 2019 2018 Expected price volatility 118.66 - 152.63 % — Risk-free interest rate 2.32 - 2.41 % — Expected life in years 4 - 10 — Dividend yield — —
Non-controlling Interests in Consolidated Financial Statements	(K) Non-controlling Interests in Consolidated Financial Statements Accounting guidance on non-controlling interests in 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 years ended December 31, 2019 and 2018, respectively, are included in the consolidated financial statements. On February 12, 2019, as a result of the termination of the RAW License Agreement (see Note 9), 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 consolidated financial statements. As a result of this unwinding, Basalt America Territory 1, LLC was fully consolidated into Basalt America.
Income Taxes	(L) Income Taxes On December 22, 2017, the U.S. government enacted the Tax Cuts and Jobs Act (the “Tax Act”). The Tax Act’s most significant change to the U.S. corporate income tax system was the federal corporate rate reduction from 35% to 21%. The provisions in the Tax Act are effective January 1, 2018. The Company has not recorded any income tax expense or benefit for the years ended December 31, 2019 and 2018 due to its history of net operating losses. The provision for income taxes was calculated as a result of the following (in thousands): December 31, 2019 2018 Federal tax at statutory rate $ (823 ) $ (2,183 ) State taxes, net of federal income tax benefit (171 ) (377 ) Change of valuation allowance 987 2,423 Non-deductible expenses and other 7 137 Provision for income tax $ — $ — The tax effects of temporary differences that give rise to significant portions of the Company’s deferred tax assets and liabilities are as follows (in thousands): December 31, 2019 2018 Deferred tax assets: Net operating loss carryforwards $ 4,356 $ 4,897 TCJA Adjustment — (1,367 ) Accruals and allowances 10 — Stock-based compensation 1,059 573 Impairment — 183 Total deferred tax assets 5,425 4,286 Valuation allowance (5,425 ) (4,286 ) Total deferred tax assets net of valuation allowance — — Deferred tax liabilities: Property, equipment and intangible assets (57 ) — Total deferred tax liabilities (57 ) — Valuation allowance 57 — Total deferred tax liabilities net of valuation allowance — — Net deferred tax assets $ — $ — As of December 31, 2019, the Company has a valuation allowance of approximately $5.4 million related to federal net operating loss (“NOL”) carryforwards of approximately $17.2 million. The amount of the valuation allowance represented an increase of approximately $1.1 million over the amount recorded as of December 31, 2018, and was due to the increase in net operating losses. If not utilized, federal net operating losses of $4.2 million may be carried forward indefinitely, and $13 million will expire at various times between 2031 and 2037. State net operating losses follow federal. Management has evaluated all other tax positions that could have a significant effect on the financial statements and determined the Company had no uncertain income tax positions at December 31, 2019. The Company files income tax returns in the U.S. federal jurisdiction and Florida. The Company is subject to U.S. federal and Florida state tax examinations for certain years after 2016.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Schedule of Inventories	The Company’s inventory at December 31, 2019 and 2018 was comprised of: December 31, December 31, 2018 Finished goods $ 47,462 $ 56,586 Raw materials 112,010 — Total inventory $ 159,472 $ 56,586
Schedule of Depreciation and Amortization Periods for Fixed Assets	Depreciation and amortization are computed using a straight-line method over the following estimated useful lives: Computer equipment 3 years Machinery 7 years Leasehold improvements 15 years Office furniture and equipment 5 years Land improvements 15 years Website development 3 years
Schedule of Fixed Assets	Fixed assets consist of the following: December 31, December 31, 2018 Computer equipment $ 7,268 $ 13,813 Machinery 578,347 20,000 Leasehold improvements 137,217 — Office furniture and equipment 62,926 — Land improvements 7,270 — Website development 27,275 24,775 Total fixed assets 820,303 58,588 Accumulated depreciation (48,307 ) (34,888 ) Total fixed assets, net $ 771,996 $ 23,700
Schedule of Accrued Expenses	The Company’s accrued expenses consist of the following: December 31, December 31, 2018 Accrued payroll $ 296,184 $ 271,354 Accrued payroll taxes 25,144 20,758 Accrued interest (1) 98,091 276,362 Credit cards payable 49,715 59,357 Accrued expenses 20,045 5,216 Total accrued expenses $ 489,179 $ 633,047 (1) As of December 31, 2018, the balance included $68,267 of accrued interest on the judgement with CalSTRS (See Note 9 -Commitments and Contingencies, Legal Matters for more details). As of December 31, 2019, this amount has been reclassed to accrued legal liability. See item (H) Accrued legal liability
Schedule of Accrued Legal Liability	The Company’s accrued legal liability consist of the following: December 31, December 31, 2018 Accrued consulting fees (1) $ 315,000 $ — Judgement payable (1) 388,867 — Accrued interest on judgement (2) 86,739 — Total accrued legal liability $ 790,606 $ — (1) As of December 31, 2018, these balances were included in Accounts payable. As of December 31, 2019, this amount has been reclassed to accrued legal liability. Accrued consulting fees are part of the litigation with RAW Energy Material Corp. Judgement payable is the amount of the judgement to be paid to CalSTRS. (See Note 9 -Commitments and Contingencies, Legal Matters for more details.) (2) As of December 31, 2018, the balance of $68,267 was included in Accrued interest. See item (G) Accrued expenses above
Schedule of Dilutive Shares Not Included in Loss Per Share Computation	The following are dilutive shares not included in the loss per share computation: December 31, December 31, 2018 Options 5,042,500 2,587,500 Warrants 29,849,761 18,025,000 Convertible shares 984,014 2,715,897 35,876,275 23,328,397
Schedule of Fair Value Assumptions	The Company used the Black Scholes valuation model to determine the fair value of the grants issued, using the following key assumptions for the years ended December 31, 2019 and 2018: 2019 2018 Expected price volatility 118.66 - 152.63 % — Risk-free interest rate 2.32 - 2.41 % — Expected life in years 4 - 10 — Dividend yield — —
Schedule of Provision of Income Taxes	The provision for income taxes was calculated as a result of the following (in thousands): December 31, 2019 2018 Federal tax at statutory rate $ (823 ) $ (2,183 ) State taxes, net of federal income tax benefit (171 ) (377 ) Change of valuation allowance 987 2,423 Non-deductible expenses and other 7 137 Provision for income tax $ — $ —
Schedule of Deferred Tax Assets and Liabilities	The tax effects of temporary differences that give rise to significant portions of the Company’s deferred tax assets and liabilities are as follows (in thousands): December 31, 2019 2018 Deferred tax assets: Net operating loss carryforwards $ 4,356 $ 4,897 TCJA Adjustment — (1,367 ) Accruals and allowances 10 — Stock-based compensation 1,059 573 Impairment — 183 Total deferred tax assets 5,425 4,286 Valuation allowance (5,425 ) (4,286 ) Total deferred tax assets net of valuation allowance — — Deferred tax liabilities: Property, equipment and intangible assets (57 ) — Total deferred tax liabilities (57 ) — Valuation allowance 57 — Total deferred tax liabilities net of valuation allowance — — Net deferred tax assets $ — $ —

OPERATING LEASE (Tables)

OPERATING LEASE (Tables)	12 Months Ended
	Dec. 31, 2019
Lessee Disclosure [Abstract]
Schedule of Operating Lease Liability	The future minimum lease payments to be made under the operating lease as of December 31, 2019: 2020 $ 405,900 2021 415,033 2022 427,484 2023 440,308 2024 110,884 Total minimum lease payments 1,799,609 Discount (482,642 ) Operating lease liability $ 1,316,967

OPTIONS AND WARRANTS (Tables)

OPTIONS AND WARRANTS (Tables)	12 Months Ended
	Dec. 31, 2019
Stock Options [Member]
Schedule of Activity in Options and Warrants	The following table provides the activity in options for the respective periods: Total Options Outstanding Weighted Average Exercise Price Aggregate Intrinsic Value Balance at December 31, 2017 5,600,000 $ 0.43 $ 741,600 Cancelled (3,012,500 ) (0.51 ) Balance at December 31, 2018 2,587,500 $ 0.35 $ — Issued 2,500,000 0.25 Cancelled (45,000 ) (0.25 ) Balance at December 31, 2019 5,042,500 $ 0.40 $ —
Schedule of Options and Warrants Exercisable and Outstanding	Options exercisable and outstanding at December 31, 2019 are as follows: Weighted Average Range of Remaining Weighted Average Aggregate Exercise Prices Number Outstanding Contractual Life (Years) Exercise Price Intrinsic Value $0.01 - $0.50 2,502,500 3.49 $0.25 $— $0.51 - $1.00 2,540,000 5.80 $0.54 — 5,042,500 $—
Stock Warrants [Member]
Schedule of Activity in Options and Warrants	The following table provides the activity in warrants for the respective periods: Total Warrants Weighted Average Exercise Price Aggregate Intrinsic Value Balance at December 31, 2017 5,650,000 $ 0.46 $ — Granted 12,375,000 0.14 Balance at December 31, 2018 18,025,000 $ 0.24 $ — Granted 31,535,475 0.12 Exercised (19,710,714 ) 0.07 Balance at December 31, 2019 29,849,761 $ 0.23 $ 1,956,750
Schedule of Options and Warrants Exercisable and Outstanding	Warrants exercisable and outstanding at December 31, 2019 are as follows: Weighted Average Range of Remaining Weighted Average Aggregate Exercise Prices Number Outstanding Contractual Life (Years) Exercise Price Intrinsic Value $0.01 - $0.50 26,827,261 3.72 $0.18 $1,956,750 $0.51 - $1.00 3,022,500 2.94 $0.60 — 29,849,761 $1,956,750

ORGANIZATION, NATURE OF BUSIN_2

ORGANIZATION, NATURE OF BUSINESS AND GOING CONCERN (Details) - USD ($)	1 Months Ended		12 Months Ended
	Mar. 21, 2019	Dec. 19, 2018	Dec. 31, 2019	Dec. 31, 2018
Ownership interest in joint venture		55.30%
Restricted shares issued, price per share			$ 0.05
Accumulated deficit			$ 25,444,056	$ 21,135,252
Working capital deficiency			1,900,000	2,300,000
Net cash used in operations			2,259,537	1,398,660
Cash			$ 129,152	$ 121,831
Accredited investors for the management of Basalt America Territory 1, LLC [Member]
Proceeds from joint venture		$ 502,500
Ownership interest in joint venture		44.70%
Percentage of control taken by company from investors of Basalt	44.70%
Basalt America Territory 1, LLC [Member]
Restricted shares issued	2,010,000
Restricted shares issued, value	$ 502,500
Restricted shares issued, price per share	$ 0.25

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details) - USD ($)		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018	Feb. 12, 2019
Cash insured amount		$ 250,000
Deposits		200,000
Accrued interest	[1]	98,091	$ 276,362
Net expense for loss attributable to the noncontrolling interests		$ 0	$ 540
Percentage of ownership that company will regain from unwind of investment			44.70%
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 ownership that company will regain from unwind of investment			44.70%
[1]	As of December 31, 2018, the balance included $68,267 of accrued interest on the judgement with CalSTRS (See Note 9 - Commitments and Contingencies, Legal Matters for more details). As of December 31, 2019, this amount has been reclassed to accrued legal liability. See item (H) Accrued legal liability below.

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of Inventory) (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
Finished goods	$ 47,462	$ 56,586
Raw materials	112,010
Inventory	$ 159,472	$ 56,586

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of Depreciation and Amortization Periods for Fixed Assets) (Details)	12 Months Ended
	Dec. 31, 2019
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	P3Y
Machinery [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	P7Y
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	P15Y
Office furniture and equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	P5Y
Land improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	P15Y
Website Development [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	P3Y

SUMMARY OF SIGNIFICANT ACCOUN_7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Fixed assets) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 820,303	$ 58,588
Accumulated depreciation	(48,307)	(34,888)
Balance	771,996	23,700
Depreciation	17,143	40,202
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	7,268	13,813
Machinery [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	578,347	20,000
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	137,217
Office furniture and equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	62,926
Land improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	7,270
Website Development [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 27,275	$ 24,775

SUMMARY OF SIGNIFICANT ACCOUN_8

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of Accrued expenses) (Details) - USD ($)		Dec. 31, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
Accrued payroll		$ 296,184	$ 271,354
Accrued payroll taxes		25,144	20,758
Accrued interest	[1]	98,091	276,362
Credit cards payable		49,715	59,357
Accrued expenses		20,045	5,216
Total accrued expenses		$ 489,179	$ 633,047
[1]	As of December 31, 2018, the balance included $68,267 of accrued interest on the judgement with CalSTRS (See Note 9 - Commitments and Contingencies, Legal Matters for more details). As of December 31, 2019, this amount has been reclassed to accrued legal liability. See item (H) Accrued legal liability below.

SUMMARY OF SIGNIFICANT ACCOUN_9

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of Accrued legal liability) (Details) - USD ($)		Dec. 31, 2019		Dec. 31, 2018		Apr. 22, 2015
Accounting Policies [Abstract]
Accrued consulting fees	[1]	$ 315,000
Judgement payable	[1]	388,867
Accrued interest on judgement		86,739	[2]		[2]	$ 388,866
Total accrued legal liability		$ 790,606
[1]	As of December 31, 2018, these balances were included in Accounts payable. As of December 31, 2019, this amount has been reclassed to accrued legal liability. Accrued consulting fees are part of the litigation with RAW Energy Material Corp. Judgement payable is the amount of the judgement to be paid to CalSTRS. (See Note 9 - Commitments and Contingencies, Legal Matters for more details.)
[2]	As of December 31, 2018, the balance of $68,267 was included in Accrued interest. See item (G) Accrued expenses above. As of December 31, 2019, this amount has been reclassed to accrued legal liability.

SUMMARY OF SIGNIFICANT ACCOU_10

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of Dilutive Shares Not Included in Loss Per Share Computation) (Details) - shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dilutive shares not included in loss per share computation	35,876,275	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	5,042,500	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	29,849,761	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	984,014	2,715,897

SUMMARY OF SIGNIFICANT ACCOU_11

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of Fair Value Assumptions) (Details)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected price volatility
Expected price volatility, minimum	118.66%
Expected price volatility, maximum	152.63%
Risk-free interest rate
Risk-free interest rate, minimum	2.32%
Risk-free interest rate, maximum	2.41%
Dividend yield
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life in years	4 years
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life in years	10 years

SUMMARY OF SIGNIFICANT ACCOU_12

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Income Taxes Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Federal tax rate reduction for corporations		21.00%	35.00%
Valuation allowance	$ 5.4
Operating loss carryforwards	17.2
Increase in valuation allowance		$ 1.1
Federal net operating losses	4.2
Federal net operating losses expired amount if not utilized	$ 13
Minimum [Member]
Operating loss carryforwards expiration dates	Dec. 31, 2031
Maximum [Member]
Operating loss carryforwards expiration dates	Dec. 31, 2037

SUMMARY OF SIGNIFICANT ACCOU_13

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of Provision of Income Taxes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
Federal tax at statutory rate	$ (823)	$ (2,183)
State taxes, net of federal income tax benefit	(171)	(377)
Change of valuation allowance	987	2,423
Non-deductible expenses and other	7	137
Provision for income tax

SUMMARY OF SIGNIFICANT ACCOU_14

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Deferred tax assets:
Net operating loss carryforwards	$ 4,356	$ 4,897
TCJA Adjustment		(1,367)
Accruals and allowances	10
Stock-based compensation	1,059	573
Impairment		183
Total deferred tax assets	5,425	4,286
Valuation allowance	(5,425)	(4,286)
Total deferred tax assets net of valuation allowance
Deferred tax liabilities:
Property, equipment and intangible assets	(57)
Total deferred tax liabilities	(57)
Valuation allowance	57
Total deferred tax liabilities net of valuation allowance
Net deferred tax assets

OPERATING LEASE (Narrative) (De

OPERATING LEASE (Narrative) (Details) - USD ($)	1 Months Ended		12 Months Ended
	Mar. 25, 2019	Jan. 31, 2019	Dec. 31, 2019	Dec. 31, 2018
Lessee Disclosure [Abstract]
Present value of lease payments			$ 1,405,804
Weighted average discount rate			15.00%
Operating lease rent expense			$ 423,124	$ 150,302
Lease deposit		$ 74,000
Lease term	1 year 9 months	5 years 2 months	4 years 6 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)	Dec. 31, 2019USD ($)
Operating leases
2020	$ 405,900
2021	415,033
2022	427,484
2023	440,308
2024	110,884
Total minimum lease payments	1,799,609
Discount	(482,642)
Operating lease liability	$ 1,316,967

NOTES PAYABLE - CONVERTIBLE -_2

NOTES PAYABLE - CONVERTIBLE - RELATED PARTY (Details) - USD ($)	Sep. 04, 2019	Mar. 31, 2019	Jan. 18, 2019	Dec. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Notes payable - convertible - related party					$ 290,273
Debt conversion amount				531,101	290,000
Accrued interest				$ 86,520	$ 66,558
Stock issued per share				$ 0.05
Secured convertible promissory notes [Member] | Affiliated Entity [Member]
Debt Instrument [Line Items]
Conversion price			$ 0.05
Accrued interest	$ 4,704
Principal amount	$ 50,000		$ 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

NOTE PAYABLE - CONVERTIBLE (Det

NOTE PAYABLE - CONVERTIBLE (Details) - USD ($)	Oct. 10, 2019	Jun. 13, 2018	Jun. 02, 2017	Sep. 24, 2019	Sep. 24, 2019	May 17, 2019	Apr. 30, 2019	Apr. 19, 2019	Apr. 18, 2019	Mar. 31, 2019	Mar. 16, 2019	Feb. 28, 2019	Feb. 16, 2019	Jan. 18, 2019	May 25, 2017	Oct. 22, 2015	Dec. 31, 2019	Dec. 31, 2018	Mar. 09, 2020	Apr. 22, 2018
Debt Instrument [Line Items]
Payment of principal and interest																	$ 50,000
Accrued interest																	$ 86,520	$ 66,558
Common Share issued						17,710,715											19,710,714
Stock issued per share																	$ 0.05
Secured note payable per month																				$ 5,000
Note payable - convertible																	$ 453,991	293,524
Loss on extinguishment of debt																		90,061
Interest expense																	7,675	369
Debt conversion amount																	531,101	290,000
Net proceeds from note			$ 10,000												$ 5,000		$ 234,760	$ 416,325
Price per share						$ 0.001											$ 0.001	$ 0.001
Subsequent Event [Member]
Debt Instrument [Line Items]
Conversion price																			$ 100,000
Related Party Transactions [Member] | Secured convertible promissory note agreements with Related Party [Member]
Debt Instrument [Line Items]
Conversion price														$ 0.05
Strike price of warrants				$ 0.075	$ 0.075
Warrants term					5 years									5 years
Proceeds from issuance of debt														$ 20,000
Debt term														180 days
Interest rate														15.00%
Debt conversion shares					438,452
Debt conversion amount					$ 1,923
Number of warrants issued					266,667
Deemed Dividend					$ 66,782
Restricted Stock [Member]
Debt Instrument [Line Items]
Common Share issued		274,575		438,452			4,500,000	28,570	1,250,000	7,000,000	2,500,000	3,000,000	3,000,000
Stock issued per share							$ .05	$ .35	$ .20	$ 0.05	$ 0.05	$ 0.05	$ 0.05
Strike price of warrants				$ 0.075	$ 0.075		$ .075	$ .35	$ .30	$ 0.075	$ 0.075	$ 0.075	0.075
Number of warrants issued							4,500,000	28,570	5,000,000	7,000,000	2,500,000	3,000,000
Price per share							$ .001	$ .001	$ 0.001	$ 0.001	$ 0.001	$ 0.001	$ 0.001
Unsecured Convertible Promissory Note[Member]
Debt Instrument [Line Items]
Unsecured promissory note																$ 300,000
Interest rate																7.00%
Conversion price																$ 0.35
Accrued interest																	$ 75,881
Additional promissory notes interest rate																7.00%
Note Payable related party - convertible [Member]
Debt Instrument [Line Items]
Interest expense																	51,015	$ 26,842
15% Convertible Promissory Note [Member] | Securities Purchase Agreement with Labrys Fund [Member]
Debt Instrument [Line Items]
Accrued interest																	$ 10,639
Common Share issued	1,300,000
Interest rate	15.00%
Debt terms	If the Note is not repaid prior to the Maturity Date, the per share conversion price into which the principal amount and interest under the Note may be converted is equal to the lesser of (i) 60% multiplied by the lowest Trade Price (as such term is defined in the Note) of the common stock during the 25 consecutive trading days ending on the latest complete trading day prior to the date of issuance of the Note, and (ii) 60% multiplied by the lowest Market Price (as such term is defined in the Note) of the common stock during the 25 trading day period ending on the latest complete trading day prior to the Conversion Date (as such term is defined in the Note).
Maturity date	Apr. 16, 2020
Principal amount	$ 338,000
Net proceeds from note	300,000
Original issue discount	33,800
Legal counsel fees	$ 4,200
Price per share	$ 0.10

NOTES PAYABLE (Details)

NOTES PAYABLE (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Sep. 03, 2019	Feb. 26, 2019
Debt Instrument [Line Items]
Notes payable	$ 219,617
Accrued interest	11,721
Interest expense	7,675	369
Financing arrangements [Member]
Debt Instrument [Line Items]
Notes payable	$ 6,954
Interest rate	9.79%		7.00%
Principal Amount	$ 20,698
VCVC, LLC [Member] | Unsecured Convertible Promissory Note[Member]
Debt Instrument [Line Items]
Accrued interest	$ 11,244	$ 10,252		$ 4,267
Interest rate		4.00%
Proceeds from unsecured debt		$ 260,425
Principal Amount				$ 68,460

NOTES PAYABLE - RELATED PARTY (

NOTES PAYABLE - RELATED PARTY (Details) - USD ($)	Apr. 11, 2019	Mar. 28, 2018	Jun. 02, 2017	Feb. 26, 2019	May 25, 2017	Dec. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Notes payable - related party							$ 325,425
Proceeds from notes payable			$ 10,000		$ 5,000	234,760	416,325
Accrued interest						86,520	66,558
Gain on settlement of payable						$ 201,617
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
Forgiven interest amount	3,192
Consulting fees forgiven	$ 32,000
Vincent Celentano demand notes payable @ 7% interest [Member]
Debt Instrument [Line Items]
Debt principal amount				$ 15,000
Interest rate						7.00%
Interest expense				1,839
Convertible debt				$ 87,727
Notes payable [Member]
Debt Instrument [Line Items]
Accrued interest						$ 0	14,427
Interest expense						$ 2,926	28,540
Unsecured demand promissory notes to VCVC, LLC [Member]
Debt Instrument [Line Items]
Notes payable - related party							$ 260,425
Interest rate							4.00%

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($)	Mar. 18, 2020	Feb. 26, 2020	Dec. 31, 2019		Dec. 31, 2018		Feb. 12, 2019	Apr. 22, 2015
Other Commitments [Line Items]
Default amount, payable for settlement			$ 41,937
Accelerated rent and damages			376,424
Attorney costs			$ 12,442
Accrued interest percentage rate			4.75%
Accrued interest on judgement			$ 86,739	[1]		[1]		$ 388,866
Subsequent Event [Member]
Other Commitments [Line Items]
Claims settlement amount		$ 125,000
Net proceeds received	$ 70,817
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
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%
[1]	As of December 31, 2018, the balance of $68,267 was included in Accrued interest. See item (G) Accrued expenses above. As of December 31, 2019, this amount has been reclassed to accrued legal liability.

STOCKHOLDERS' DEFICIT (Details)

STOCKHOLDERS' DEFICIT (Details) - USD ($)	Dec. 11, 2019	Dec. 04, 2019	Mar. 14, 2019	Jun. 13, 2018	Oct. 16, 2019	Sep. 24, 2019	May 17, 2019	May 17, 2019	Apr. 30, 2019	Apr. 19, 2019	Apr. 18, 2019	Mar. 31, 2019	Mar. 16, 2019	Feb. 28, 2019	Feb. 16, 2019	Dec. 31, 2019	Dec. 31, 2018	May 03, 2019	Feb. 12, 2019
Class of Stock [Line Items]
Stock issued per share																$ 0.05
Common shares issued							17,710,715									19,710,714
Common stock value							$ 1,168,600									$ 1,270,080	$ 1,470,240
Accrued interest																11,721
Debt instrument discount rate																		20.00%
Deemed dividends							$ 292,150									$ 388,932
Common stock, par value per share							$ 0.001	$ 0.001								$ 0.001	$ 0.001
Percentage of ownership that company will regain from unwind of investment																	44.70%
Related Party [Member]
Class of Stock [Line Items]
Accrued interest			$ 509,178
Restricted Stock [Member]
Class of Stock [Line Items]
Stock issued per share									$ .05	$ .35	$ .20	$ 0.05	$ 0.05	$ 0.05	$ 0.05
Common shares issued				274,575		438,452			4,500,000	28,570	1,250,000	7,000,000	2,500,000	3,000,000	3,000,000
Strike price of warrants						$ 0.075			$ .075	$ .35	$ .30	$ 0.075	$ 0.075	$ 0.075	$ 0.075
Number of warrants issued									4,500,000	28,570	5,000,000	7,000,000	2,500,000	3,000,000
Warrants issued against shares						$ 266,667			$ 225,000	$ 10,000	$ 250,000	$ 350,000	$ 125,000	$ 150,000	$ 150,000
Common stock, par value per share									$ .001	$ .001	$ 0.001	$ 0.001	$ 0.001	$ 0.001	$ 0.001
Restricted Stock [Member] | Related Party [Member]
Class of Stock [Line Items]
Common shares issued			1,700,985
Restricted Common Shares [Member]
Class of Stock [Line Items]
Common shares issued						66,782
Accrued interest						$ 21,923
Investment Fund [Member]
Class of Stock [Line Items]
Original strike price of warrants		$ .075
Strike price of warrants		$ .06
Number of warrants issued		2,000,000
Warrants issued against shares		$ 120,000
Debt instrument discount rate		20.00%
Deemed dividends		$ 30,000
Basalt America Territory 1, LLC [Member]
Class of Stock [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%
Note holder and Former Chairman and Chief Executive Officer [Member] | Related Party [Member]
Class of Stock [Line Items]
Principal amount			$ 378,000
Two Investors [Member] | Restricted Common Shares [Member]
Class of Stock [Line Items]
Common shares issued						50,000
Common stock value						$ 9,250
Restricted Common Shares [Member] | Two Investors [Member]
Class of Stock [Line Items]
Stock issued per share						$ 0.185
Related Party [Member] | Restricted Common Shares [Member]
Class of Stock [Line Items]
Common shares issued						25,000
Unrelated party [Member] | Restricted Common Shares [Member]
Class of Stock [Line Items]
Common shares issued						25,000
Investment Fund [Member] | Restricted Stock [Member]
Class of Stock [Line Items]
Common shares issued					1,300,000
Isabella Barbera [Member]
Class of Stock [Line Items]
Stock issued per share	$ 0.67
Number of restricted shares originally issued to investors that will be returned to unwind investment	45,000
Per share value of restricted shares originally issued to investors that will be returned to unwind investment	$ 0.224
Isabella Barbera [Member] | Restricted Common Shares [Member]
Class of Stock [Line Items]
Stock issued per share	$ 0.224
Common shares issued	45,000
Strike price of warrants	$ 0.67
Number of warrants issued	45,000
Warrants issued against shares	$ 10,080
Common stock, par value per share	$ 0.001
Accredited Investors and Related Parties [Member] | Restricted Common Shares [Member]
Class of Stock [Line Items]
Common shares issued																41,034,285
Common stock value																$ 3,191,119
Warrants issued against shares																$ 1,288,600
Related Parties[Member]
Class of Stock [Line Items]
Common shares issued								7,500,000
Related Parties[Member] | Restricted Common Shares [Member]
Class of Stock [Line Items]
Common shares issued																13,070,000

OPTIONS AND WARRANTS (Narrative

OPTIONS AND WARRANTS (Narrative) (Details) - USD ($)	1 Months Ended	12 Months Ended
	May 17, 2019	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Proceeds from exercise of warrants		$ 1,288,600
Common Share issued	17,710,715	19,710,714
Issuance of warrants expense		$ 1,701,316	$ 1,661,104
Stock Warrants [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Warrants to purchase common stock		19,400,000
Exercise price		$ 0.075
Percentage of discount of warrants exercises		20.00%
Proceeds from exercise of warrants		$ 1,164,000
Stock Warrants One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Warrants to purchase common stock		160,000
Exercise price		$ 0.60
Percentage of discount of warrants exercises		20.00%
Proceeds from exercise of warrants		$ 76,800
Stock Warrants Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Warrants to purchase common stock		140,000
Exercise price		$ 0.40
Percentage of discount of warrants exercises		20.00%
Proceeds from exercise of warrants		$ 44,800
Stock Warrants Three [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Warrants to purchase common stock		10,714
Exercise price		$ 0.35
Percentage of discount of warrants exercises		20.00%
Proceeds from exercise of warrants		$ 3,000

OPTIONS AND WARRANTS (Schedule

OPTIONS AND WARRANTS (Schedule of Activity in Options and Warrants) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Stock Options [Member]
Total Options Warrants Outstanding
Balance at December 31,	2,587,500	5,600,000
Issued	2,500,000
Cancelled	(45,000)	(3,012,500)
Balance at December 31,	5,042,500	2,587,500
Weighted Average Exercise Price
Balance at December 31,	$ 0.35	$ 0.43
Issued	0.25
Cancelled	(0.25)	(0.51)
Balance at December 31,	$ 0.40	$ 0.35
Aggregate Intrinsic Value
Balance at December 31,			$ 741,600
Stock Warrants [Member]
Total Options Warrants Outstanding
Balance at December 31,	18,025,000	5,650,000
Granted	31,535,475	12,375,000
Exercised	(19,710,714)
Balance at December 31,	29,849,761	18,025,000
Weighted Average Exercise Price
Balance at December 31,	$ 0.24	$ 0.46
Granted	0.12	0.14
Exercised	0.07
Balance at December 31,	$ 0.23	$ 0.24
Aggregate Intrinsic Value
Balance at December 31,	$ 1,956,750

OPTIONS AND WARRANTS (Schedul_2

OPTIONS AND WARRANTS (Schedule of Options and Warrants Exercisable and Outstanding) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Stock Options [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number Outstanding	5,042,500	2,587,500	5,600,000
Weighted Average Exercise Price	$ 0.40	$ 0.35	$ 0.43
Average Intrinsic Value			$ 741,600
Stock Options [Member] | $0.01 - $0.50 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Range of Exercise Prices, Lower	$ 0.01
Range of Exercise Prices, Upper	$ 0.50
Number Outstanding	2,502,500
Weighted Average Remaining Contractual Life (Years)	3 years 5 months 27 days
Weighted Average Exercise Price	$ 0.25
Average Intrinsic Value
Stock Options [Member] | $0.51 - $1.00 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Range of Exercise Prices, Lower	$ 0.51
Range of Exercise Prices, Upper	$ 1
Number Outstanding	2,540,000
Weighted Average Remaining Contractual Life (Years)	5 years 9 months 18 days
Weighted Average Exercise Price	$ 0.54
Average Intrinsic Value
Stock Warrants [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Number Outstanding	29,849,761	18,025,000	5,650,000
Weighted Average Exercise Price	$ 0.23	$ 0.24	$ 0.46
Average Intrinsic Value	$ 1,956,750
Stock Warrants [Member] | $0.01 - $0.50 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Range of Exercise Prices, Lower	$ 0.01
Range of Exercise Prices, Upper	$ 0.50
Number Outstanding	26,827,261
Weighted Average Remaining Contractual Life (Years)	3 years 8 months 19 days
Weighted Average Exercise Price	$ 0.18
Average Intrinsic Value	$ 1,956,750
Stock Warrants [Member] | $0.51 - $1.00 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Range of Exercise Prices, Lower	$ 0.51
Range of Exercise Prices, Upper	$ 1
Number Outstanding	3,022,500
Weighted Average Remaining Contractual Life (Years)	2 years 11 months 8 days
Weighted Average Exercise Price	$ 0.60
Average Intrinsic Value

RELATED PARTIES (Details)

RELATED PARTIES (Details) - USD ($)

Dec. 11, 2019

Sep. 04, 2019

May 15, 2019

Mar. 15, 2019

Mar. 14, 2019

Feb. 08, 2019

Feb. 27, 2019

Feb. 14, 2019

Dec. 31, 2019

Sep. 24, 2019

Mar. 04, 2019

Feb. 12, 2019

Jan. 18, 2019

Dec. 31, 2018

Related Party Transaction [Line Items]

Accrued interest

$ 11,721

Percentage of ownership that company will regain from unwind of investment

44.70%

Strike price of common shares issued

$ 0.05

Notes payable - convertible - related party

$ 290,273

Payment of principal and interest

$ 50,000

Basalt America Territory 1, LLC [Member]

Related Party Transaction [Line Items]

Number of restricted shares orginally issued to investors that will be returned to unwind investment

2,010,000

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%

Per share value of restricted shares originally issued to investors that will be returned to unwind investment

$ 0.25

Basalt America Territory 1, LLC [Member]

Related Party Transaction [Line Items]

Percentage of ownership that company will regain from unwind of investment

44.70%

Michael Barbera [Member]

Related Party Transaction [Line Items]

Issued a demand note payable

$ 50,000

Repayment of notes payable

$ 54,704

Number of warrants issued

1,000,000

Issue of warrants against notes payable

$ 60,000

Strike price of warrants

$ .06

Number of restricted shares orginally issued to investors that will be returned to unwind investment

1,000,000

Per share value of restricted shares originally issued to investors that will be returned to unwind investment

$ 0.05

Proceeds from investors

$ 50,000

Additional restricted common shares issued

1,000,000

Strike price of common shares issued

$ 0.075

RVRM [Member] | Unsecured Promissory Note[Member]

Related Party Transaction [Line Items]

Number of warrants issued

4,000,000

Issue of warrants against notes payable

$ 240,000

Strike price of warrants

$ .06

Accrued interest

$ 2,926

Proceeds from unsecured debt

80,000

Repayments of unsecured debt

$ 2,926

Ronald J. LoRicco, Sr. [Member]

Related Party Transaction [Line Items]

Number of warrants issued

2,000,000

Issue of warrants against notes payable

$ 120,000

Strike price of warrants

$ 0.06

Number of restricted shares orginally issued to investors that will be returned to unwind investment

2,000,000

Per share value of restricted shares originally issued to investors that will be returned to unwind investment

$ 0.05

Proceeds from investors

$ 100,000

Additional restricted common shares issued

2,000,000

Strike price of common shares issued

$ 0.075

Richard Krolewski [Member]

Related Party Transaction [Line Items]

Number of restricted shares orginally issued to investors that will be returned to unwind investment

5,000,000

Per share value of restricted shares originally issued to investors that will be returned to unwind investment

$ .1235

Several Noteholders [Member]

Related Party Transaction [Line Items]

Notes payable - convertible - related party

$ 378,000

Payment of principal and interest

$ 509,178

Debt conversion shares

1,700,985

Paul M. Sallarulo [Member]

Related Party Transaction [Line Items]

Issued a demand note payable

$ 100,000

Number of restricted shares orginally issued to investors that will be returned to unwind investment

2,000,000

Per share value of restricted shares originally issued to investors that will be returned to unwind investment

$ 0.05

Additional restricted common shares issued

2,000,000

Strike price of common shares issued

$ 0.075

Dave Anderson [Member]

Related Party Transaction [Line Items]

Number of warrants issued

500,000

Issue of warrants against notes payable

$ 30,000

Strike price of warrants

$ 0.06

Number of restricted shares orginally issued to investors that will be returned to unwind investment

500,000

Per share value of restricted shares originally issued to investors that will be returned to unwind investment

$ 0.05

Additional restricted common shares issued

500,000

Strike price of common shares issued

$ 0.075

Entity Partially Owned by Ronald J. LoRicco, Sr. [Member]

Related Party Transaction [Line Items]

Number of restricted shares orginally issued to investors that will be returned to unwind investment

25,000

Loan commitment fee

$ 4,625

Per share value of restricted shares originally issued to investors that will be returned to unwind investment

$ 0.185

Isabella Barbera [Member]

Related Party Transaction [Line Items]

Issued a demand note payable

$ 10,080

Number of restricted shares orginally issued to investors that will be returned to unwind investment

45,000

Per share value of restricted shares originally issued to investors that will be returned to unwind investment

$ 0.224

Additional restricted common shares issued

45,000

Strike price of common shares issued

$ 0.67

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($)	Mar. 09, 2020	Mar. 05, 2020	Mar. 25, 2020	Feb. 26, 2020	Jan. 16, 2020	May 17, 2019	Dec. 31, 2019	Dec. 31, 2018	May 03, 2019
Subsequent Event [Line Items]
Settlement amount appropriation							$ 376,424
Debt instrument discount rate									20.00%
Amount of investment						$ 1,168,600	$ 1,270,080	$ 1,470,240
Common Share issued						17,710,715	19,710,714
Par value of share						$ 0.001	$ 0.001	$ 0.001
Strike price of common shares issued							$ 0.05
Subsequent Event [Member] | Michael Barbera [Member]
Subsequent Event [Line Items]
Demand note payable					$ 50,000
Maturity date					Jul. 16, 2020
Interest rate					10.00%
Subsequent Event [Member] | First New Haven Mortgage Company [Member]
Subsequent Event [Line Items]
Demand note payable					$ 50,000
Maturity date					Jul. 16, 2020
Interest rate					10.00%
Subsequent Event [Member] | HLM Paymeon Storefront Damage lawsuit [Member]
Subsequent Event [Line Items]
Settlement amount appropriation				$ 125,000
Settlement amount				$ 70,817
Settlement date				Mar. 18, 2020
Subsequent Event [Member] | Jeffrey Saferstein [Member] | Unsecured Convertible Promissory Note[Member]
Subsequent Event [Line Items]
Interest rate		10.00%
Debt terms		P9M
Debt principal amount		$ 50,000
Debt instrument discount rate		20.00%
Subsequent Event [Member] | Investor [Member]
Subsequent Event [Line Items]
Amount of investment	$ 400,000		$ 16,667
Common Share issued	4,000,000		166,667
Par value of share	$ 0.10		$ 0.10
Additional restricted common shares issued	4,000,000		166,667
Strike price of common shares issued	$ 0.30		$ 0.40
Subsequent Event [Member] | Labrys Fund [Member]
Subsequent Event [Line Items]
Debt principal amount	$ 100,000