LED Lighting (LEDL) 10-Q 6 Mar 18 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - $ / shares	Jan. 31, 2018	Sep. 30, 2017
Details
Registrant Name		LED Lighting Co
Registrant CIK		1,502,659
SEC Form		10-Q
Period End date		Sep. 30, 2017
Fiscal Year End		--12-31
Trading Symbol		ledl
Tax Identification Number (TIN)		463,457,679
Number of common stock shares outstanding	26,157,195
Filer Category		Smaller Reporting Company
Current with reporting		Yes
Voluntary filer		No
Well-known Seasoned Issuer		No
Amendment Flag		false
Document Fiscal Year Focus		2,017
Document Fiscal Period Focus		Q3
Entity Incorporation, State Country Name		Delaware
Entity Address, Address Line One		2090 Novato Blvd.
Entity Address, City or Town		Novato
Entity Address, State or Province		California
Entity Address, Postal Zip Code		94,947
City Area Code		(415)
Local Phone Number		209 – 6468
Entity Listing, Par Value Per Share	$ 0.0001

Condensed Balance Sheets (Septe

Condensed Balance Sheets (September 30, 2017 unaudited) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Current Assets
Cash	$ 39	$ 33
Total Current Assets	39	33
TOTAL ASSETS	39	33
Current Liabilities
Accounts payable & accrued expenses	78,940	63,898
Accrued Interest	962	0
Shareholder Advances	82,049	61,913
Note payable	10,000	10,000
Total Liabilities	171,951	135,811
Stockholders' Deficit
Preferred Stock, Value	0	0
Common Stock, Value	2,616	2,616
Additional paid-in capital	4,268,234	4,268,234
Accumulated deficit	(4,442,762)	(4,406,628)
Total Stockholders' Deficit	(171,912)	(135,778)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 39	$ 33

Condensed Balance Sheets (Sept3

Condensed Balance Sheets (September 30, 2017 unaudited) - Parenthetical - $ / shares	Sep. 30, 2017	Dec. 31, 2016
Details
Preferred Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Preferred Stock, Shares Authorized	20,000,000	20,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	100,000,000	100,000,000
Common Stock, Shares, Issued	26,157,195	26,157,195
Common Stock, Shares, Outstanding	26,157,195	26,157,195

Codnensed Statements of Operati

Codnensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Details
Revenue	$ 0	$ 0	$ 0	$ 0
Cost of revenue	0	0	0	0
Gross profit	0	0	0	0
Consulting expense	0	30,000	0	30,000
Operating expenses	8,515	7,095	35,814	25,900
Loss before other income	(8,515)	(37,095)	(35,814)	(55,900)
Other income (expense)
Interest expense	0	0	(350)	0
Other income	30	0	30	0
Nonoperating Income (Expense)	30	0	(320)	0
Loss before income taxes	(8,485)	(37,095)	(36,134)	(55,900)
Income tax expense	0	0	0	0
Net loss	$ (8,485)	$ (37,095)	$ (36,134)	$ (55,900)
Loss per share - basic and diluted	$ 0	$ 0	$ 0	$ 0
Weighted average shares - basic	26,157,195	26,157,195	26,157,195	26,157,195

Statement of Changes in Stockho

Statement of Changes in Stockholders' Deficit (unaudited) - USD ($)	Common Stock	Additional Paid-in Capital	Retained Earnings	Total
Equity Balance, Starting at Dec. 31, 2015	$ 2,616	$ 4,268,234	$ (4,300,246)	$ (29,396)
Shares Outstanding, Starting at Dec. 31, 2015	26,157,195
Net Income (Loss)	$ 0	0	(106,382)	(106,382)
Shares Outstanding, Ending at Dec. 31, 2016	26,157,195
Equity Balance, Ending at Dec. 31, 2016	$ 2,616	4,268,234	(4,406,628)	(135,778)
Net Income (Loss)	$ 0	0	(36,134)	(36,134)
Shares Outstanding, Ending at Sep. 30, 2017	26,157,195
Equity Balance, Ending at Sep. 30, 2017	$ 2,616	$ 4,268,234	$ (4,442,762)	$ (171,912)

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
OPERATING ACTIVITIES:
Net loss	$ (36,134)	$ (55,900)
Adjustments to reconcile net loss to net cash used by operating activities
Accrued deferred compensation	0	30,000
Changes in operating assets and liabilities
Prepaid and other current assets	0	(10,000)
Accounts payable & accrued expenses	16,004	42
Net cash used in operating activities	(20,130)	(35,858)
FINANCING ACTIVITIES:
Decrease in bank overdraft	0	(37)
Proceeds from Shareholder Advances	20,136	25,976
Proceeds from Note Payable	0	10,000
Net cash provided by financing activities	20,136	35,939
Net increase in cash	6	81
Cash and Cash Equivalents, at Carrying Value, Beginning Balance	33	0
Cash and Cash Equivalents, at Carrying Value, Ending Balance	$ 39	$ 81

1. OVERVIEW

1. OVERVIEW	9 Months Ended
	Sep. 30, 2017
Notes
1. OVERVIEW	1. OVERVIEW Nature of Operations LED LIGHTING COMPANY ("the Company"), formerly known as Fun Media World, Inc., was incorporated under the name of Pinewood Acquisition Corporation under the laws of the State of Delaware on July 19, 2010 and was originally formed to engage in any lawful corporate undertaking, including, but not limited to, selected mergers and acquisitions. On May 28, 2013, the Company’s board of directors and stockholders approved an amendment to the Company’s Certificate of Formation to change its corporate name to “LED Lighting Company”, and the amendment was filed with the Secretary of State of the State of Delaware on May 30, 2013. On May 28, 2013, new officers and directors were appointed and elected and the prior officers and directors resigned, resulting in the change of control of the Company. The LED Lighting Company plans to supply LED (light-emitting diode) light bulbs and light fixtures to the commercial, industrial and consumer/retail markets. All of our products are tested and listed by UL Underwriters Laboratories (UL) or Electrical Testing Laboratories (ETL). Additionally, all products to be supplied will be tested and in compliance with industry standards such as those set up by Energy Star, and the Illuminating Engineering Society of North America (IESNA). These condensed financial statements should be read in conjunction with the Company’s audited financial statements and related notes thereto for the year ended December 31, 2016, included in the Company’s Annual Report on Form 10-K, as amended, initially filed with the SEC on April 17, 2017. Going Concern The Company has adopted ASU No. 2014-15, “ Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU 2014-15”) The Company has sustained operating losses and an accumulated deficit of $4,442,762 since inception of the Company on July 19, 2010 through September 30, 2017. In the nine months ended September 30, 2017, the Company incurred a loss of $36,134. The Company's continuation as a going concern is dependent on its ability to generate sufficient cash flows from operations to meet its obligations, which it has not been able to accomplish to date, and/or obtain additional financing from its stockholders and/or other third parties. These condensed financial statements have been prepared on a going concern basis, which implies the Company will continue to meet its obligations and continue its operations for the next fiscal year. The continuation of the Company as a going concern is dependent upon financial support from its stockholders, the ability of the Company to obtain necessary equity financing to continue operations, successfully locating and negotiate with a business entity for the combination of that target company with the Company. The management of the Company plans to use their personal funds or seek equity or debt financing to pay all expenses incurred by the Company in 2017. There is no assurance that the Company will ever be profitable. The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result should the Company be unable to continue as a going concern.

2. SUMMARY OF SIGNIFICANT ACCOU

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2017
Notes
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The summary of significant accounting policies presented below is designed to assist in understanding the Company’s financial statements. Such financial statements and accompanying notes are the representations of the Company’s management, who are responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America (“GAAP”) in all material respects, and have been consistently applied in preparing the accompanying financial statements. Use of Estimates In preparing these financial statements in conformity with GAAP, management is required to make estimates and assumptions that may affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amount of revenues and expenses during the reporting periods. Actual results could differ from those estimates. Significant estimates and assumptions included in our consolidated financial statements relate to the valuation of long-lived assets, accruals for potential liabilities, and valuation assumptions related to equity instruments and share based payments. Fair Value Measurements ASC 820, “ Fair Value Measurements Cash and Cash Equivalents The Company considers all highly-liquid investments with maturities of three months or less when purchased to be cash equivalents. The Company had no cash equivalents as of September 30, 2017 and December 31, 2016. Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents. The Company places its cash with high quality banking institutions. From time to time, the Company may maintain cash balances at certain institutions in excess of the Federal Deposit Insurance Corporation limit. Revenue Recognition The Company recognizes revenue in accordance with Financial Accounting Standards Board Accounting Standards Codification (“ASC”) No. 605, “Revenue Recognition”. In all cases, revenue is recognized only when the price is fixed and determinable, persuasive evidence of an arrangement exists, the service is performed and collectability of the resulting receivable is reasonably assured. Income Taxes Under ASC 740, "Income Taxes", deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Valuation allowances are established when it is more likely than not that some or all of the deferred tax assets will not be realized. As of September 30, 2017, there were no deferred taxes. Share Based Compensation The Company applies ASC 718, Share-Based Compensation to account for its service providers’ share-based payments. Common stock of the Company was given to service providers to retain their assistance in becoming a U.S. public company, assistance with public company regulations, investors’ communications and public relations with broker-dealers, market makers and other professional services. In accordance with ASC 718, the Company determines whether a share payment should be classified and accounted for as a liability award or equity award. All grants of share-based payments to service providers classified as equity awards are recognized in the financial statements based on their grant date fair values which are calculated using historical pricing. The Company has elected to recognize compensation expense based on the criteria that the stock awards vest immediately on the issuance date. ASC 718 requires forfeitures to be estimated at the time of grant and revised, if necessary, in subsequent period if actual forfeitures differ from initial estimates. There were no forfeitures of share based compensation.

3. LIABILITIES TO RELATED PARTI

3. LIABILITIES TO RELATED PARTIES	9 Months Ended
	Sep. 30, 2017
Notes
3. LIABILITIES TO RELATED PARTIES	3. LIABILITIES TO RELATED PARTIES Company liabilities to related parties consist of the following as of September 30, 2017 and December 31, 2016: September 30, 2017 December 31, 2016 Accounts Payable George Mainas Accrued Compensation $ 60,000 $ 60,000 Shareholder advances George Mainas 21,294 21,294 Kevin Kearney 45,929 25,794 Total $ 127,223 $ 107,088

4. STOCK BASED COMPENSATION

4. STOCK BASED COMPENSATION	9 Months Ended
	Sep. 30, 2017
Notes
4. STOCK BASED COMPENSATION	4. STOCK BASED COMPENSATION Generally, all forms of share-based payments, including stock option grants, restricted stock grants and stock appreciation rights are measured at their fair value on the awards’ grant date, based on the estimated number of awards that are ultimately expected to vest. Share-based compensation awards issued to non-employees for services rendered are recorded at either the fair value of the services rendered or the fair value of the share-based payment, whichever is more readily determinable. The expenses resulting from share-based payments are recorded in operating expenses in the statement of operations. Stock Options On May 28, 2013, the Company’s board of directors and stockholders approved the adoption of the LED Lighting Company 2013 Equity Incentive Plan (the “2013 Plan”). The 2013 Plan is intended to aid the Company in recruiting and retaining key employees, directors or consultants and to motivate them by providing incentives through the granting of awards of stock options or other stock based awards. The 2013 Plan is administered by the board of directors. Directors, officers, employees and consultants of the Company and its affiliates are eligible to participate under the 2013 Plan. A total of 1,500,000 shares of common stock have been reserved for awards under the 2013 Plan. No options are currently outstanding under the Plan. Warrants As of September 30, 2017, 5,418,628 warrants had been issued with an exercise price of $1.00, and all had expired unexercised. No warrants were issued during the first nine months of 2017. A summary of warrant activity as of September 30, 2017 and changes during the nine month period since December 31, 2016 is presented below: Warrants [ex Plan Options] Weighted Avg Exercise Price Avg Remaining Contractual Life [Yrs] Weighted Average Expiration Date Outstanding December 31, 2016 1,918,629 $1.00 0.47 5/15/2017 Issued January - Sept 2017 – Investors - - - - Issued January - Sept 2017 – Services - - - - Exercised - - - - Forfeited or Expired (1,918,629) - - - Outstanding June 30, 2017 - - Exercisable June 30, 2017 - -

5. STOCKHOLDERS' DEFICIT

5. STOCKHOLDERS' DEFICIT	9 Months Ended
	Sep. 30, 2017
Notes
5. STOCKHOLDERS' DEFICIT	5. STOCKHOLDERS’ DEFICIT The Company is authorized to issue 100,000,000 shares of common stock and 20,000,000 shares of preferred stock. As of December 31, 2016, the Company had 26,157,195 shares of common stock issued and outstanding, and zero shares of preferred stock issued and outstanding. As of September 30, 2017 the Company had issued no additional common or preferred stock.

1. OVERVIEW_ Nature of Operatio

1. OVERVIEW: Nature of Operations (Policies)	9 Months Ended
	Sep. 30, 2017
Policies
Nature of Operations	Nature of Operations LED LIGHTING COMPANY ("the Company"), formerly known as Fun Media World, Inc., was incorporated under the name of Pinewood Acquisition Corporation under the laws of the State of Delaware on July 19, 2010 and was originally formed to engage in any lawful corporate undertaking, including, but not limited to, selected mergers and acquisitions. On May 28, 2013, the Company’s board of directors and stockholders approved an amendment to the Company’s Certificate of Formation to change its corporate name to “LED Lighting Company”, and the amendment was filed with the Secretary of State of the State of Delaware on May 30, 2013. On May 28, 2013, new officers and directors were appointed and elected and the prior officers and directors resigned, resulting in the change of control of the Company. The LED Lighting Company plans to supply LED (light-emitting diode) light bulbs and light fixtures to the commercial, industrial and consumer/retail markets. All of our products are tested and listed by UL Underwriters Laboratories (UL) or Electrical Testing Laboratories (ETL). Additionally, all products to be supplied will be tested and in compliance with industry standards such as those set up by Energy Star, and the Illuminating Engineering Society of North America (IESNA). These condensed financial statements should be read in conjunction with the Company’s audited financial statements and related notes thereto for the year ended December 31, 2016, included in the Company’s Annual Report on Form 10-K, as amended, initially filed with the SEC on April 17, 2017.

1. OVERVIEW_ Substantial Doubt

1. OVERVIEW: Substantial Doubt about Going Concern (Policies)	9 Months Ended
	Sep. 30, 2017
Policies
Substantial Doubt about Going Concern	Going Concern The Company has adopted ASU No. 2014-15, “ Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU 2014-15”) The Company has sustained operating losses and an accumulated deficit of $4,442,762 since inception of the Company on July 19, 2010 through September 30, 2017. In the nine months ended September 30, 2017, the Company incurred a loss of $36,134. The Company's continuation as a going concern is dependent on its ability to generate sufficient cash flows from operations to meet its obligations, which it has not been able to accomplish to date, and/or obtain additional financing from its stockholders and/or other third parties. These condensed financial statements have been prepared on a going concern basis, which implies the Company will continue to meet its obligations and continue its operations for the next fiscal year. The continuation of the Company as a going concern is dependent upon financial support from its stockholders, the ability of the Company to obtain necessary equity financing to continue operations, successfully locating and negotiate with a business entity for the combination of that target company with the Company. The management of the Company plans to use their personal funds or seek equity or debt financing to pay all expenses incurred by the Company in 2017. There is no assurance that the Company will ever be profitable. The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result should the Company be unable to continue as a going concern.

2. SUMMARY OF SIGNIFICANT ACC14

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Use of Estimates, Policy (Policies)	9 Months Ended
	Sep. 30, 2017
Policies
Use of Estimates, Policy	Use of Estimates In preparing these financial statements in conformity with GAAP, management is required to make estimates and assumptions that may affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amount of revenues and expenses during the reporting periods. Actual results could differ from those estimates. Significant estimates and assumptions included in our consolidated financial statements relate to the valuation of long-lived assets, accruals for potential liabilities, and valuation assumptions related to equity instruments and share based payments.

2. SUMMARY OF SIGNIFICANT ACC15

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Fair Value Measurement, Policy (Policies)	9 Months Ended
	Sep. 30, 2017
Policies
Fair Value Measurement, Policy	Fair Value Measurements ASC 820, “ Fair Value Measurements

2. SUMMARY OF SIGNIFICANT ACC16

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Cash and Cash Equivalents, Policy (Policies)	9 Months Ended
	Sep. 30, 2017
Policies
Cash and Cash Equivalents, Policy	Cash and Cash Equivalents The Company considers all highly-liquid investments with maturities of three months or less when purchased to be cash equivalents. The Company had no cash equivalents as of September 30, 2017 and December 31, 2016.

2. SUMMARY OF SIGNIFICANT ACC17

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Concentration of Credit Risk (Policies)	9 Months Ended
	Sep. 30, 2017
Policies
Concentration of Credit Risk	Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents. The Company places its cash with high quality banking institutions. From time to time, the Company may maintain cash balances at certain institutions in excess of the Federal Deposit Insurance Corporation limit.

2. SUMMARY OF SIGNIFICANT ACC18

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Revenue Recognition, Policy (Policies)	9 Months Ended
	Sep. 30, 2017
Policies
Revenue Recognition, Policy	Revenue Recognition The Company recognizes revenue in accordance with Financial Accounting Standards Board Accounting Standards Codification (“ASC”) No. 605, “Revenue Recognition”. In all cases, revenue is recognized only when the price is fixed and determinable, persuasive evidence of an arrangement exists, the service is performed and collectability of the resulting receivable is reasonably assured.

2. SUMMARY OF SIGNIFICANT ACC19

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Income Tax, Policy (Policies)	9 Months Ended
	Sep. 30, 2017
Policies
Income Tax, Policy	Income Taxes Under ASC 740, "Income Taxes", deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Valuation allowances are established when it is more likely than not that some or all of the deferred tax assets will not be realized. As of September 30, 2017, there were no deferred taxes.

2. SUMMARY OF SIGNIFICANT ACC20

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Share Based Compensation (Policies)	9 Months Ended
	Sep. 30, 2017
Policies
Share Based Compensation	Share Based Compensation The Company applies ASC 718, Share-Based Compensation to account for its service providers’ share-based payments. Common stock of the Company was given to service providers to retain their assistance in becoming a U.S. public company, assistance with public company regulations, investors’ communications and public relations with broker-dealers, market makers and other professional services. In accordance with ASC 718, the Company determines whether a share payment should be classified and accounted for as a liability award or equity award. All grants of share-based payments to service providers classified as equity awards are recognized in the financial statements based on their grant date fair values which are calculated using historical pricing. The Company has elected to recognize compensation expense based on the criteria that the stock awards vest immediately on the issuance date. ASC 718 requires forfeitures to be estimated at the time of grant and revised, if necessary, in subsequent period if actual forfeitures differ from initial estimates. There were no forfeitures of share based compensation.

3. LIABILITIES TO RELATED PAR21

3. LIABILITIES TO RELATED PARTIES: Schedule of Liabilities to Related Parties (Tables)	9 Months Ended
	Sep. 30, 2017
Tables/Schedules
Schedule of Liabilities to Related Parties	September 30, 2017 December 31, 2016 Accounts Payable George Mainas Accrued Compensation $ 60,000 $ 60,000 Shareholder advances George Mainas 21,294 21,294 Kevin Kearney 45,929 25,794 Total $ 127,223 $ 107,088

4. STOCK BASED COMPENSATION_ Su

4. STOCK BASED COMPENSATION: Summary of Warrant Activity (Tables)	9 Months Ended
	Sep. 30, 2017
Tables/Schedules
Summary of Warrant Activity	Warrants [ex Plan Options] Weighted Avg Exercise Price Avg Remaining Contractual Life [Yrs] Weighted Average Expiration Date Outstanding December 31, 2016 1,918,629 $1.00 0.47 5/15/2017 Issued January - Sept 2017 – Investors - - - - Issued January - Sept 2017 – Services - - - - Exercised - - - - Forfeited or Expired (1,918,629) - - - Outstanding June 30, 2017 - - Exercisable June 30, 2017 - -

1. OVERVIEW_ Nature of Operat23

1. OVERVIEW: Nature of Operations (Details)	9 Months Ended
	Sep. 30, 2017
Details
Entity Information, Former Legal or Registered Name	Pinewood Acquisition Corporation
Entity Incorporation, State Country Name	Delaware

1. OVERVIEW_ Substantial Doub24

1. OVERVIEW: Substantial Doubt about Going Concern (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Details
Accumulated deficit	$ (4,442,762)		$ (4,442,762)		$ (4,406,628)
Net loss	$ (8,485)	$ (37,095)	$ (36,134)	$ (55,900)

3. LIABILITIES TO RELATED PAR25

3. LIABILITIES TO RELATED PARTIES: Schedule of Liabilities to Related Parties (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Shareholder Advances	$ 82,049	$ 61,913
Company Liabilities to Related Parties	127,223	107,088
George Mainas
Accounts Payable, Current	60,000	60,000
Shareholder Advances	21,294	21,294
Kevin Kearney
Shareholder Advances	$ 45,929	$ 25,794

4. STOCK BASED COMPENSATION (De

4. STOCK BASED COMPENSATION (Details)	9 Months Ended
	Sep. 30, 2017shares
Details
Shares reserved for Awards	1,500,000

4. STOCK BASED COMPENSATION_ 27

4. STOCK BASED COMPENSATION: Summary of Warrant Activity (Details) - $ / shares	Dec. 31, 2016	Sep. 30, 2017
Details
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Beginning Balance		1,918,629
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Beginning Balance		$ 1
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	5 months 19 days
Awards outstanding, Weighted Average Expiration date, Start of Period		May 15, 2017
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period		(1,918,629)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance	1,918,629	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance	$ 1	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number		0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price		$ 0

5. STOCKHOLDERS' DEFICIT (Detai

5. STOCKHOLDERS' DEFICIT (Details) - shares	9 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Details
Common Stock, Shares Authorized	100,000,000	100,000,000
Preferred Stock, Shares Authorized	20,000,000	20,000,000
Common Stock, Shares, Issued	26,157,195	26,157,195
Common Stock, Shares, Outstanding	26,157,195	26,157,195
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Stock Issued During Period, Shares, Other	0