LED Lighting (LEDL) 10-Q 2 Nov 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - $ / shares	Oct. 23, 2018	Sep. 30, 2018
Details
Registrant Name		DATASIGHT CORP
Registrant CIK		1,502,659
SEC Form		10-Q
Period End date		Sep. 30, 2018
Fiscal Year End		--12-31
Trading Symbol		dts
Tax Identification Number (TIN)		463,457,679
Number of common stock shares outstanding	27,890,537
Filer Category		Non-accelerated Filer
Current with reporting		Yes
Small Business		true
Emerging Growth Company		false
Amendment Flag		false
Document Fiscal Year Focus		2,018
Document Fiscal Period Focus		Q3
Entity File Number		000-54146
Entity Incorporation, State Country Name		Delaware
Entity Address, Address Line One		2451 South Buffalo Drive, Suite 105
Entity Address, City or Town		Las Vegas
Entity Address, State or Province		Nevada
Entity Address, Postal Zip Code		89,117
City Area Code		702
Local Phone Number		442 – 0996
Entity Listing, Par Value Per Share	$ 0.0001

Condensed Balance Sheets (Septe

Condensed Balance Sheets (September 30, 2018 unaudited) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Current Assets
Cash	$ 3,698	$ 71
Total Current Assets	3,698	71
TOTAL ASSETS	3,698	71
Current Liabilities
Accounts payable & accrued expenses	0	32,815
Accrued Interest	1,893	1,312
Shareholder Advances	0	82,129
Note payable	10,000	10,000
Total Liabilities	11,893	126,256
Stockholders' Deficit
Common Stock, Value	2,789	2,616
Additional paid-in capital	4,524,505	4,342,352
Accumulated deficit	(4,535,489)	(4,471,154)
Total Stockholders' Deficit	(8,195)	(126,186)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	3,698	71
Preferred Stock, Value, Issued	$ 0	$ 0

Condensed Balance Sheets (Sep_2

Condensed Balance Sheets (September 30, 2018 unaudited) - Parenthetical - $ / shares	Sep. 30, 2018	Dec. 31, 2017
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, Outstanding	27,890,537	26,157,195
Common Stock, Shares, Issued	27,890,537	26,157,195

Codnensed Statements of Operati

Codnensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Details
Revenue	$ 0	$ 0	$ 0	$ 0
Cost of revenue	0	0	0	0
Gross profit	0	0	0	0
Consulting expense	0	0	0	0
Operating expenses	1,277	8,515	63,754	35,814
Loss from operations	(1,277)	(8,515)	(63,754)	(35,814)
Other income (expense)	0	30	0	30
Interest expense	(205)	0	(581)	(350)
Loss before income taxes	(1,482)	(8,485)	(64,335)	(36,134)
Income tax expense	0	0	0	0
Net loss	$ (1,482)	$ (8,485)	$ (64,335)	$ (36,134)
Loss per share - basic	$ 0	$ 0	$ 0	$ 0
Weighted average shares - basic	27,246,719	26,157,195	26,521,705	26,157,195

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
OPERATING ACTIVITIES:
Net loss	$ (64,335)	$ (36,134)
Changes in operating assets and liabilities
Accounts payable & accrued expenses	(32,234)	16,004
Net cash used in operating activities	(96,569)	(20,130)
FINANCING ACTIVITIES:
Contributed Capital	30,196	0
Sale of Common Stock	50,000	0
Advance from Shareholder	20,000	20,136
Net cash provided by financing activities	100,196	20,136
Net increase in cash	3,627	6
Cash and Cash Equivalents, at Carrying Value, Beginning Balance	71	33
Cash and Cash Equivalents, at Carrying Value, Ending Balance	3,698	39
SUPPLEMENTAL DISCLOSURE
Cash paid for interest	0	0
Cash paid for income tax	0	0
Contribution of Shareholder Advances	$ 102,129	$ 0

1. OVERVIEW

1. OVERVIEW	9 Months Ended
	Sep. 30, 2018
Notes
1. OVERVIEW	1. OVERVIEW Nature of Operations DataSight Corporation, f/k/a LED Lighting Company and 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. On October 8, 2018, the Company completed the Amended and Restated Exchange Agreement (the “Exchange Agreement”) with DataSight, Inc., a Nevada corporation (“DSI”), and the shareholders of DSI (the “DataSight Shareholders”) which own over 90% of the outstanding shares of DSI and all of the outstanding options issued by DSI. Under the terms of the Exchange Agreement, the Company acquired DSI through the acquisition of the outstanding stock of DSI. In exchange, the Company agreed to issue to the DataSight Shareholders 7,317,767 shares of the Company’s Series A Convertible Preferred Stock (the “Company Preferred Stock”) and will issue new options to the DataSight Shareholders which hold options. The Company Preferred Stock has 26 to 1 voting rights over the Company common stock and will automatically convert into shares of Company common stock upon the Company’s completion of a reverse stock split. On October 11, 2018 the Company’s Board of Directors, approved, a reverse stock split in the ratio of 1 for 26 for all shares of common stock, as of a record date of October 11, 2018. As of that date there were 27,890,537 common shares outstanding. The reverse stock split is subject to the Company receiving shareholder approval. The Series A Convertible Preferred Stock is not subject to the reverse split. In accordance with “reverse merger” or “reverse acquisition” accounting treatment, our historical financial statements as of period ends, and for periods ended, prior to the Exchange Agreement will be replaced with the historical financial statements of DSI prior to the Exchange Agreement, in all future filings with the U.S. Securities and Exchange Commission, or SEC. The foregoing summary and description of the terms of the transaction contemplated under the Exchange Agreement contained herein is qualified in its entirety by reference to the complete agreement, a copy of which is filed as an exhibit to the Company’s Form 8-K filed with the SEC on October 18, 2018 and incorporated herein by reference. Going Concern The Company has sustained operating losses and an accumulated deficit of $4,535,489 since inception of the Company on July 19, 2010 through September 30, 2018. In the nine months ended September 30, 2018, the Company incurred a loss of $64,335. 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. There is no assurance that the Company will ever be profitable. The condensed 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, 2018
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 condensed 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. Basis of Presentation The accompanying unaudited condensed interim financial statements of the Company are presented in U.S. dollars in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and pursuant to the accounting and disclosure rules and regulations of the SEC, and reflect all adjustments, consisting only of normal recurring adjustments, which are, in the opinion of management, necessary for a fair presentation of the financial position as of September 30, 2018 and the results of operations and cash flows for the periods presented. Certain information and disclosures normally included in financial statements prepared in accordance with GAAP have been omitted pursuant to such rules and regulations. Interim results are not necessarily indicative of results for a full year. The accompanying unaudited condensed interim financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Form 10-K filed by the Company with the SEC on August 15, 2018. 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, 2018. 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 June 30, 2018, 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. Net Loss Per Share Under the provisions of ASC 260, “Earnings per Share,” basic loss per common share is computed by dividing net loss available to common shareholders by the weighted average number of shares of common stock outstanding for the periods presented. Diluted net loss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that would then share in the income of the Company, subject to anti-dilution limitations. The common stock equivalents have not been included as they are anti-dilutive. As of June 30, 2018, there were no warrants or stock options outstanding.

3. LIABILITIES TO RELATED PARTI

3. LIABILITIES TO RELATED PARTIES	9 Months Ended
	Sep. 30, 2018
Notes
3. LIABILITIES TO RELATED PARTIES	3. LIABILITIES TO RELATED PARTIES Company liabilities to related parties consist of the following as of September 30, 2018 and December 31, 2017: September 30, 2018 December 31, 2017 Accounts Payable $ - $ 32,815 Shareholder Advances - 82,129 Total $ - $ 114,944

4. STOCK BASED COMPENSATION

4. STOCK BASED COMPENSATION	9 Months Ended
	Sep. 30, 2018
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, 2018, 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 2018. A summary of warrant activity as of September 30, 2018 and changes during the nine month period since December 31, 2017 is presented below: Warrants [ex Plan Options] Weighted Avg Exercise Price Avg Remaining Contractual Life [Yrs] Weighted Average Expiration Date Outstanding December 31, 2017 5,418,629 $1.00 0.84 10/01/2016 Exercised - - - - Forfeited or Expired (5,418,629) - - - Outstanding September 30, 2018 - - - 5/30/2017 Exercisable September 30, 2018 - - - -

5. STOCKHOLDERS' DEFICIT

5. STOCKHOLDERS' DEFICIT	9 Months Ended
	Sep. 30, 2018
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. On August 20, 2018, effective June 30, 2018, three related parties including the Company’s CEO and two other shareholders, entered into a conversion agreement. Pursuant to the conversion agreement, the three parties agreed to convert shareholder advances of $102,129 to paid in capital. No common or preferred shares were issued in conjunction with the conversion agreement. During August 2018 three existing shareholders, including the Company’s former CEO, invested $50,000 to purchase 1,733,342 shares of common stock of the Company. The investment was made at an equivalent price of $0.75 per share on a “post-split” basis (see Note 6 for discussion of the proposed 1:26 reverse stock split of common stock). As of September 30, 2018, the Company had 27,890,537 shares of common stock issued and outstanding, and zero shares of preferred stock issued and outstanding.

6. SUBSEQUENT EVENT

6. SUBSEQUENT EVENT	9 Months Ended
	Sep. 30, 2018
Notes
6. SUBSEQUENT EVENT	6. SUBSEQUENT EVENT On October 8, 2018, the Company completed the Amended and Restated Exchange Agreement (the “Exchange Agreement”) with DataSight, Inc., a Nevada corporation (“DSI”), and the shareholders of DSI (the “DataSight Shareholders”) which own over 90% of the outstanding shares of DSI and all of the outstanding options issued by DSI. Under the terms of the Exchange Agreement, the Company acquired DSI through the acquisition of the outstanding stock of DSI. In exchange, the Company agreed to issue to the DataSight Shareholders 7,317,767 shares of the Company’s Series A Convertible Preferred Stock (the “Company Preferred Stock”) and will issue new options to the DataSight Shareholders which hold options. The Company Preferred Stock has 26 to 1 voting rights over the Company common stock and will automatically convert into shares of Company common stock upon the Company’s completion of a reverse stock split. On October 11, 2018 the Company’s Board of Directors, approved, a reverse stock split in the ratio of 1 for 26 for all shares of common stock, as of a record date of October 11, 2018. As of that date there were 27,890,537 common shares outstanding. The Series A Convertible Preferred Stock is not subject to the reverse split.

1. OVERVIEW_ Going Concern (Pol

1. OVERVIEW: Going Concern (Policies)	9 Months Ended
	Sep. 30, 2018
Policies
Going Concern	Going Concern The Company has sustained operating losses and an accumulated deficit of $4,535,489 since inception of the Company on July 19, 2010 through September 30, 2018. In the nine months ended September 30, 2018, the Company incurred a loss of $64,335. 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. There is no assurance that the Company will ever be profitable. The condensed 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 ACC_2

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2018
Policies
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed interim financial statements of the Company are presented in U.S. dollars in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and pursuant to the accounting and disclosure rules and regulations of the SEC, and reflect all adjustments, consisting only of normal recurring adjustments, which are, in the opinion of management, necessary for a fair presentation of the financial position as of September 30, 2018 and the results of operations and cash flows for the periods presented. Certain information and disclosures normally included in financial statements prepared in accordance with GAAP have been omitted pursuant to such rules and regulations. Interim results are not necessarily indicative of results for a full year. The accompanying unaudited condensed interim financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Form 10-K filed by the Company with the SEC on August 15, 2018.

2. SUMMARY OF SIGNIFICANT ACC_3

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Use of Estimates (Policies)	9 Months Ended
	Sep. 30, 2018
Policies
Use of Estimates	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 ACC_4

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Fair Value Measurements (Policies)	9 Months Ended
	Sep. 30, 2018
Policies
Fair Value Measurements	Fair Value Measurements ASC 820, “ Fair Value Measurements

2. SUMMARY OF SIGNIFICANT ACC_5

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Cash and Cash Equivalents (Policies)	9 Months Ended
	Sep. 30, 2018
Policies
Cash and Cash Equivalents	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, 2018.

2. SUMMARY OF SIGNIFICANT ACC_6

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Concentration of Credit Risk (Policies)	9 Months Ended
	Sep. 30, 2018
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 ACC_7

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Revenue Recognition (Policies)	9 Months Ended
	Sep. 30, 2018
Policies
Revenue Recognition	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 ACC_8

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Income Taxes (Policies)	9 Months Ended
	Sep. 30, 2018
Policies
Income Taxes	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 June 30, 2018, there were no deferred taxes.

2. SUMMARY OF SIGNIFICANT ACC_9

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Share Based Compensation (Policies)	9 Months Ended
	Sep. 30, 2018
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.

2. SUMMARY OF SIGNIFICANT AC_10

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Net Loss Per Share (Policies)	9 Months Ended
	Sep. 30, 2018
Policies
Net Loss Per Share	Net Loss Per Share Under the provisions of ASC 260, “Earnings per Share,” basic loss per common share is computed by dividing net loss available to common shareholders by the weighted average number of shares of common stock outstanding for the periods presented. Diluted net loss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that would then share in the income of the Company, subject to anti-dilution limitations. The common stock equivalents have not been included as they are anti-dilutive. As of June 30, 2018, there were no warrants or stock options outstanding.

3. LIABILITIES TO RELATED PAR_2

3. LIABILITIES TO RELATED PARTIES: Schedule of Liabilities to Related Parties (Tables)	9 Months Ended
	Sep. 30, 2018
Tables/Schedules
Schedule of Liabilities to Related Parties	September 30, 2018 December 31, 2017 Accounts Payable $ - $ 32,815 Shareholder Advances - 82,129 Total $ - $ 114,944

4. STOCK BASED COMPENSATION_ Su

4. STOCK BASED COMPENSATION: Summary of Warrant Activity (Tables)	9 Months Ended
	Sep. 30, 2018
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, 2017 5,418,629 $1.00 0.84 10/01/2016 Exercised - - - - Forfeited or Expired (5,418,629) - - - Outstanding September 30, 2018 - - - 5/30/2017 Exercisable September 30, 2018 - - - -

1. OVERVIEW (Details)

1. OVERVIEW (Details)	9 Months Ended
	Sep. 30, 2018
Details
Entity Information, Former Legal or Registered Name	Pinewood Acquisition Corporation
Entity Incorporation, State Country Name	Delaware
Entity Incorporation, Date of Incorporation	Jul. 19, 2010

3. LIABILITIES TO RELATED PAR_3

3. LIABILITIES TO RELATED PARTIES: Schedule of Liabilities to Related Parties (Details) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Details
Accounts Payable	$ 0	$ 32,815
Shareholder Advances	0	82,129
Total	$ 0	$ 114,944

4. STOCK BASED COMPENSATION_ _2

4. STOCK BASED COMPENSATION: Summary of Warrant Activity (Details) - $ / shares	Sep. 30, 2018	Dec. 31, 2017	Sep. 30, 2018
Details
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Beginning Balance			5,418,629
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	0 years	10 months 2 days
Awards outstanding, Weighted Average Expiration date, Start of Period			Oct. 1, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period			(5,418,629)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance	0	5,418,629	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance	$ 0	$ 1	$ 0
Awards outstanding, Weighted Average Expiration date, End of Period			May 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	0		0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price	$ 0		$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term			0 years

5. STOCKHOLDERS' DEFICIT (Detai

5. STOCKHOLDERS' DEFICIT (Details) - USD ($)	1 Months Ended
	Aug. 31, 2018	Sep. 30, 2018	Dec. 31, 2017
Details
Common Stock, Shares Authorized		100,000,000	100,000,000
Preferred Stock, Shares Authorized		20,000,000	20,000,000
Stock Issued	$ 50,000
Stock Issued During Period, Shares, Other	1,733,342
Equivalent Share Price	$ 0.75
Common Stock, Shares, Outstanding		27,890,537	26,157,195
Preferred Stock, Shares Outstanding		0	0

6. SUBSEQUENT EVENT (Details)

6. SUBSEQUENT EVENT (Details) - shares	9 Months Ended
	Sep. 30, 2018	Oct. 11, 2018
Event 1
Subsequent Event, Date	Oct. 8, 2018
Subsequent Event, Description	Company completed the Amended and Restated Exchange Agreement (the “Exchange Agreement”) with DataSight, Inc.
Event 2
Subsequent Event, Date	Oct. 11, 2018
Subsequent Event, Description	Company’s Board of Directors, approved, a reverse stock split in the ratio of 1 for 26 for all shares of common stock
Common Stock, Shares, Outstanding		27,890,537