| Organization and Summary of Significant Accounting Policies | NOTE 1 - ORGANIZATION AND SUMMARY
OF SIGNIFICANT ACCOUNTING POLICIES Organization and Basis of Presentation This summary of accounting policies
for Plantation Corp. is presented to assist in understanding the Company's financial statements. The accounting policies conform
to generally accepted accounting principles and have been consistently applied in the preparation of the financial statements. The Company, originally named “Continental
Exchange Corporation” was originally incorporated on October 26, 1927 under the laws of the State of Delaware. Later than
year the corporation changed its name to “Northern Exchange Corporation.” Its original purpose was to use its acquired
capital to merge with or acquire any other lawful business or enterprise, the nature of which was left unstated. Being unable to
achieve its intended purpose, the company ceased operations and became dormant in 1943 having no assets or liabilities. The Company remained in this condition
until, December 30, 1980, when the company was reinstated in the State of Delaware and the name was changed to “Everest International
Incorporated.” In 1988, the name of the corporation was changed to “Comstock Resources Corporation” and then
“Comstock International, Inc.” In 2000, the name of the corporation was changed to “Copernicus International,
Inc.” In 2001, an Agreement Merger was
signed between Copernicus International, Inc., a Delaware Corporation, and Plantation Lifecare Developers, Inc., a Delaware Corporation.
The surviving corporation is named Plantation Lifecare Developers, Inc. On November 8, 2001, a certificate of Merger and Amended
and Restated Certificate of Incorporation were filed with the State of Delaware. The company was intended to construct and operate
life care communities which combine modern, specially designed resort villas, access to assisted-care living and modern skilled
nursing hospitals in the Caribbean and South America. On October 29, 2008, a Certificate
of Revival and Renewal was filed with the State of Delaware. On April 14, 2009, the Company filed
a Registration Statement to become a reporting company. For the previous 28 years, we had been a dormant company, and
accordingly, a development stage company, having not attained any significant revenue or operations. The financial statements have
been presented in a “development stage” format. Since reorganization, our primary activities have been raising of capital,
obtaining financing. We have not commenced our principal revenue producing activities and currently have no employees. On September 1, 2010, the Company’s
President contributed payphones and payphone equipment. In the year ended December 31, 2017 and nine months ended September 30,
2018, the Company was primarily in the business of providing the use of outdoor payphones, and providing telecommunication services. On July 27, 2017, an Agreement Merger
was signed and executed between Plantation Lifecare Developers, Inc., a Delaware Corporation, Epic Events Corp., a Wyoming Corporation,
and Plantation Corp., a Wyoming Corporation. On July 27, 2017, a certificate of Merger and Amended and Restated Certificate of
Incorporation were filed with the State of Wyoming. The surviving corporation was “Plantation Corp.,” a Wyoming Corporation. Nature of Operations and Going
Concern The accompanying financial statements
have been prepared on the basis of accounting principles applicable to a “going concern,” which assume that Plantation
Corp. (referred to as the “Company”) will continue in operation for at least one year and will be able to realize its
assets and discharge its liabilities in the normal course of operations. Several conditions and events cast
substantial doubt about the Company’s ability to continue as a going concern. The Company has incurred net losses of $1,381,155
since inception, has limited revenues and requires additional financing in order to finance its business activities on an ongoing
basis. The Company’s future capital requirements will depend on numerous factors including, but not limited to, continued
progress in finding a merger candidate and the pursuit of business opportunities. The Company is actively pursuing alternative
financing and has had discussions with various third parties, although no firm commitments have been obtained. In the interim,
shareholders of the Company have committed to meeting its minimal operating expenses. Management believes that actions presently being taken to
revise the Company’s operating and financial requirements provide them with the opportunity to continue as a going concern. These financial statements do not
reflect adjustments that would be necessary if the Company were unable to continue as a going concern. While management believes
that the actions already taken or planned, will mitigate the adverse conditions and events which raise doubt about the validity
of the “going concern” assumption used in preparing these financial statements, there can be no assurance that these
actions will be successful. If the Company were unable to continue as a “going concern,” then substantial adjustments
would be necessary to the carrying values of assets, the reported amounts of its liabilities, the reported revenues and expenses,
and the balance sheet classifications used. These factors raise substantial doubt about the Company’s ability to continue
as a going concern. Financial Instruments The Company’s financial assets
and liabilities consist of cash and accounts payable. Except as otherwise noted, it is management’s opinion that the Company
is not exposed to significant interest or credit risks arising from these financial instruments. The fair values of these financial
instruments approximate their carrying values due to the sort-term maturities of these instruments. Income Taxes The Company accounts for income
taxes under the provisions of ASC 740, “Accounting for Income Taxes.” ASC 740 requires recognition of deferred income
tax assets and liabilities for the expected future income tax consequences, based on enacted tax laws, of temporary differences
between the financial reporting and tax bases of assets and liabilities. Cash and Cash Equivalents For purposes
of the statement of cash flows, the Company considers all highly liquid debt instruments purchased with a maturity of 90 days or
less to be cash equivalents to the extent the funds are not being held for investment purposes. Concentration of Credit Risk The Company has no significant off-balance-sheet
concentrations of credit risk such as foreign exchange contracts, options contracts or other foreign hedging arrangements. Pervasiveness of Estimates The preparation of financial statements
in conformity with generally accepted accounting principles required management to make estimates and assumptions that affect the
reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements
and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Loss per Share Basic loss per share has been computed
by dividing the loss for the period applicable to the common stockholders by the weighted average number of common shares outstanding
during the years. There were no common equivalent shares outstanding as of December 31, 2017 and September 30, 2018. Stock-Based Compensation Effective June 1, 2006, the company adopted
the provisions of ASC 718 requiring employee equity awards to be accounted for under the fair value method. Accordingly, share-based
compensation is measured at grant date, based on the fair value of the award. No stock options were granted to employees during
the year ended December 31, 2017 and nine months ended September 30, 2018 and no compensation expense is required to be recognized
under provisions of ASC 718 with respect to employees. Nature of Business The Company is primarily in the
business of providing the use of outdoor payphones, and providing telecommunication services. Revenue Recognition Effective January 1, 2018, the Company
adopted ASC 606 — Revenue from Contracts with Customers. Under ASC 606, the Company recognizes revenue from the commercial
sales of products, licensing agreements and contracts to perform pilot studies by applying the following steps: (1) identify the
contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate
the transaction price to each performance obligation in the contract; and (5) recognize revenue when each performance obligation
is satisfied. For the comparative periods, revenue has not been adjusted and continues to be reported under ASC 605 — Revenue
Recognition. Under ASC 605, revenue is recognized when the following criteria are met: (1) persuasive evidence of an arrangement
exists; (2) the performance of service has been rendered to a customer or delivery has occurred; (3) the amount of fee to be paid
by a customer is fixed and determinable; and (4) the collectability of the fee is reasonably assured. There was no impact on the Company’s
financial statements as a result of adopting Topic 606 for the nine months ended September 30, 2018 and 2017, or the twelve months
ended December 31, 2017. Allowance for Doubtful Accounts The Company recognizes an allowance
for doubtful accounts to ensure accounts receivable are not overstated due to uncollectibility. Bad debt reserves are maintained
for all customers based on a variety of factors, including the length of time the receivables are past due, significant one-time
events and historical experience. An additional reserve for individual accounts is recorded when the Company becomes aware of a
customer’s inability to meet its financial obligation, such as in the case of bankruptcy filings or deterioration in the
customer’s operating results or financial position. If circumstances related to customers change, estimates of the recoverability
of receivables would be further adjusted. As of December 31, 2017 and September 30, 2018, the Company has determined an allowance
for doubtful accounts is not necessary. Accounts Receivable Accounts Receivable consists of
Local Service payphone revenue. The Accounts Receivable was $920 as of December 31, 2017 and $220 as of September 30, 2018. Fixed Assets Fixed assets are stated at cost. Depreciation and amortization
are computed using the straight-line and accelerated methods over the estimated economic useful lives of the related assets as
follows. On September 1, 2010, Joseph Passalaqua, President of the Company contributed payphone equipment valued at $20,000 in
exchange for a promissory note. As of December 31, 2017 and September 30, 2018, the payphone equipment is fully depreciated and
depreciation expense for those periods was $0 respectively. Property and Equipment It is the Organization's policy is to capitalize assets
with a useful life of greater than one year and a value of $5,000 or more at cost. Contributed property and equipment is recorded
at fair value at the date of donation. Property and equipment are depreciated using the straight-line method over the estimated
useful lives of the related assets or, in the case of leasehold improvements, over the lesser of the useful life of the related
asset or the lease term. Estimated useful lives range from three to ten years. Maintenance and repairs are charged to expense as
incurred; major renewals and betterments are capitalized. When items of property and equipment are sold or retired, the related
cost and accumulated depreciation are removed from the accounts, and any gain or loss is recognized in the current period financial
statements Recently Accounting Pronouncements In January 2016, the Financial Accounting
Standards Board (“FASB”), issued Accounting Standards Update (“ASU”) 2016-01. “Financial Instruments
Overall (Subtopic 825-10): “Recognition and Measurement of Financial Assets and Financial Liabilities”, which amends
the guidance in U.S. generally accepted accounting principles on the classification and measurement of financial instruments. Changes
to the current guidance primarily affect the accounting for equity investments, financial liabilities under the fair value option,
and the presentation and disclosure requirements for financial instruments. In addition, the ASU clarifies guidance related to
the valuation allowance assessment when recognizing deferred tax assets resulting from unrealized losses on available-for-sale-debt
securities. The new standard is effective for fiscal years and interim periods beginning after December 15, 2017, and are to be
adopted by means of a cumulative effect adjustment to the balance sheet at the beginning of the first reporting period in which
the guidance is effective. Early adoption is not permitted except for the provision to record fair value changes for financial
liabilities under the fair value option resulting from instrument-specific credit risk in other comprehensive income. The Company
is currently evaluating the impact of adopting this standard. In July 2017, the Financial Accounting
Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2017-11, Earnings Per Share (Topic
260), Distinguishing Liabilities from Equity (Topic 480), Derivatives and Hedging (Topic 815). The amendments in Part I of this
Update change the classification analysis of certain equity-linked financial instruments (or embedded features) with down round
features. When determining whether certain financial instruments should be classified as liabilities or equity instruments, a down
round feature no longer precludes equity classification when assessing whether the instrument is indexed to an entity’s own
stock. The amendments also clarify existing disclosure requirements for equity-classified instruments. In January 2017, the FASB issued
ASU 2017-01, Business Combinations (Topic 805); Clarifying the Definition of a Business. The amendments in this update clarify
the definition of a business to help companies evaluate whether transactions should be accounted for as acquisitions or disposals
of assets or businesses. The amendments in this update are effective for public companies for annual periods beginning after December
15, 2017, including interim periods within those periods. We are evaluating the impact of adopting this guidance on our Consolidated
Financial Statements. In January 2017, the FASB issued
Accounting Standards Update (“ASU”) 2017-04, Intangibles – Goodwill and Other (Topic 350). The amendments in
this update simplify the test for goodwill impairment by eliminating Step 2 from the impairment test, which required the entity
to perform procedures to determine the fair value at the impairment testing date of its assets and liabilities following the procedure
that would be required in determining fair value of assets acquired and liabilities assumed in a business combination. The amendments
in this update are effective for public companies for annual or any interim goodwill impairment tests in fiscal years beginning
after December 15, 2019. We are evaluating the impact of adopting this guidance on our Consolidated Financial Statements.
Effective January 1, 2018, the Company
adopted ASC 606 — Revenue from Contracts with Customers. Under ASC 606, the Company recognizes revenue from the commercial
sales of products, licensing agreements and contracts to perform pilot studies by applying the following steps: (1) identify the
contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate
the transaction price to each performance obligation in the contract; and (5) recognize revenue when each performance obligation
is satisfied. For the comparative periods, revenue has not been adjusted and continues to be reported under ASC 605 — Revenue
Recognition. Under ASC 605, revenue is recognized when the following criteria are met: (1) persuasive evidence of an arrangement
exists; (2) the performance of service has been rendered to a customer or delivery has occurred; (3) the amount of fee to be paid
by a customer is fixed and determinable; and (4) the collectability of the fee is reasonably assured. There was no impact
on the Company’s financial statements as a result of adopting Topic 606 for the nine months ended September 30, 2018 and
2017, or the twelve months ended December 31, 2017 |
