Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Mar. 31, 2016 | May. 16, 2016 | |
Document And Entity Information Abstract | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Mar. 31, 2016 | |
Entity Registrant Name | INDIA ECOMMERCE CORP | |
Entity Central Index Key | 1,510,891 | |
Current Fiscal Year End Date | --12-31 | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2,016 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Units Outstanding | 62,129,156 | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Entity Current Reporting Status | Yes |
BALANCE SHEETS
BALANCE SHEETS - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 |
Current assets | ||
Cash | $ 20,103 | $ 1,766 |
Accounts receivable | 7,090 | |
Total current assets | $ 20,103 | 8,856 |
Long term assets | ||
Property and equipment, net | 357 | |
Total noncurrent assets | 357 | |
Total assets | $ 20,103 | 9,213 |
Current liabilities | ||
Accounts payable and accrued liabilities | 46,117 | 37,798 |
Notes payable, related party | 4,500 | 4,500 |
Total current liabilities | 50,617 | 42,298 |
Stockholders' deficit | ||
Common stock $0.001 par value; 75,000,000 shares authorized; 62,129,156 and 50,079,156 shares issued outstanding, respectively | 62,080 | $ 50,080 |
Common stock to be issued | 50 | |
Additional paid-in capital | 680,853 | $ 662,398 |
Accumulated deficit | (773,497) | (745,563) |
Total stockholders' deficit | (30,514) | (33,085) |
Total liabilities and stockholders' deficit | $ 20,103 | $ 9,213 |
BALANCE SHEETS (Parenthetical)
BALANCE SHEETS (Parenthetical) - $ / shares | Mar. 31, 2016 | Dec. 31, 2015 |
Statement of Financial Position [Abstract] | ||
Common stock, par value per share | $ 0.001 | $ 0.001 |
Common Stock, shares authorized | 75,000,000 | 75,000,000 |
Common stock, shares issued | 62,129,156 | 50,079,156 |
Common Stock, shares outstanding | 62,129,156 | 50,079,156 |
STATEMENTS OF OPERATIONS
STATEMENTS OF OPERATIONS - USD ($) | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Revenue | ||
Consulting fees | $ 2,500 | |
Commissions | $ 7,217 | |
Total revenue | 7,217 | $ 2,500 |
Operating expenses | ||
Costs of revenues | 3,322 | |
Depreciation | 357 | $ 431 |
General and administrative | 31,202 | 40,270 |
Total operating expenses | 34,881 | 40,701 |
Net operating loss | $ (27,663) | (38,201) |
Other expense | ||
Loss on extinguishment of debt | (116,687) | |
Change in derivative liability | 15 | |
Interest expense | $ 269 | 485 |
Total other expense | 269 | 117,187 |
Loss before provision for income taxes | 27,932 | 155,388 |
Net loss | $ (27,932) | $ (155,388) |
Net loss per common share - basic and diluted | $ 0 | $ 0 |
Weighted average common shares outstanding - basic and diluted | 53,771,464 | 39,363,542 |
STATEMENTS OF CASH FLOWS
STATEMENTS OF CASH FLOWS - USD ($) | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Cash flows from operating activities: | ||
Net loss | $ (27,932) | $ (155,388) |
Adjustments to reconcile net loss to net cash provided by (used in) by operating activities: | ||
Amortization of prepaid expenses | $ 27,625 | |
Common stock to be issued for services | $ 505 | |
Depreciation | $ 357 | $ 431 |
Loss on change in derivative liability | 15 | |
Loss on extinguishment of debt | $ 116,687 | |
Changes in operating assets and liabilities: | ||
Accounts receivable | $ 7,090 | |
Accounts payable and accrued liabilities | 8,317 | $ 2,985 |
Net cash used by operating activities | (11,663) | $ (7,645) |
Cash flows from financing activities: | ||
Proceeds from sale of common stock | 30,000 | |
Net cash provided by financing activities | 30,000 | |
Net change in cash | 18,337 | $ (7,645) |
Cash, beginning of period | 1,766 | 10,713 |
Cash, end of period | $ 20,103 | 3,068 |
Non-cash investing and financing activities: | ||
Stock issued for settlement of debt and derivative liability | $ 116,702 |
DESCRIPTION OF BUSINESS
DESCRIPTION OF BUSINESS | 3 Months Ended |
Mar. 31, 2016 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
DESCRIPTION OF BUSINESS | NOTE 1 DESCRIPTION OF BUSINESS India Ecommerce Corporation (the "Company") was incorporated under the laws of the state of Nevada on January 19, 2011. The Company plans to build, promote and manage a multitude of ecommerce properties, in both website and mobile application formats, for the India market. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 3 Months Ended |
Mar. 31, 2016 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation Management acknowledges that it is solely responsible for adopting sound accounting practices, establishing and maintaining a system of internal accounting control and preventing and detecting fraud. The Company's system of internal accounting control is designed to assure, among other items, that (1) recorded transactions are valid; (2) all valid transactions are recorded and (3) transactions are recorded in the period in a timely manner to produce financial statements which present fairly the financial condition, results of operations and cash flows of the company for the respective periods being presented. Use of Estimates The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. A change in managements' estimates or assumptions could have a material impact on the Company's financial condition and results of operations during the period in which such changes occurred. Actual results could differ from those estimates. The Company's financial statements reflect all adjustments that management believes are necessary for the fair presentation of their financial condition and results of operations for the periods presented. Cash and Cash Equivalents For purposes of the statements of cash flows, cash equivalents include all highly liquid investments with original maturities of three months or less which are not securing any corporate obligations. The Company maintains its cash in bank deposit accounts, which, at times, may exceed federally insured limits. The Company has not experienced any losses in such accounts. Property and Equipment Property and equipment are carried at cost. Expenditures for maintenance and repairs are charged against operations. Renewals and betterments that materially extend the life of the assets are capitalized. When assets are retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts, and any resulting gain or loss is reflected in income for the period. Depreciation is computed for financial statement purposes on a straight-line basis over estimated useful lives of the related assets. The estimated useful lives of depreciable assets are: Estimated Classification Useful Lives Furniture and fixtures 5-7 years Computers and office equipment 3-5 years Revenue Recognition The Company recognizes revenue for its professional services when persuasive evidence of an arrangement exists, performance of services has occurred, the sales price is fixed or determinable and collectability is probable. Revenue, from the sale of products, is recognized upon receipt from the internet vendor of the month's transactions. Consulting revenue is earned by providing intellectual internet oriented professional services on a contractual basis, usually paid for in advance. If the scope of the engagement exceeds the Company's abilities, part or all of the project may be outsourced to a third party that possess the necessary disciplines. Other revenue is generated through the sale of products, in which case, the Company will purchase inventory and resell it over the Internet. During the three months ended March 31, 2016, the Company earned no revenue from consulting services, provided to clients, and $7,217 for Internet based product sales generated through an Amazon web site. Because the Company utilizes an independent third party as a partner in the product sales venture, the Company records, only, its share of the revenue and deducts the inventory cost as cost of sales. Impairment of Long-lived Assets Income Taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. 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. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is provided for deferred tax assets if it is more likely than not these items will either expire before the Company is able to realize their benefits, or that future deductibility is uncertain. The Company also follows the guidance related to accounting for income tax uncertainties. In accounting for uncertainty in income taxes, the Company recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more likely than not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority. No liability for unrecognized tax benefits was recorded as of March 31, 2016 and December 31, 2015. Fair Value Measurements The fair value of a financial instrument is the amount that could be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Financial assets are marked to bid prices and financial liabilities are marked to offer prices. Fair value measurements do not include transaction costs. A fair value hierarchy is used to prioritize the quality and reliability of the information used to determine fair values. Categorization within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The fair value hierarchy is defined into the following three categories: Level 1: Quoted market prices in active markets for identical assets or liabilities Level 2: Observable market-based inputs or inputs that are corroborated by market data Level 3: Unobservable inputs that are not corroborated by market data Stock-Based Compensation The Company records stock-based compensation at fair value as of the date of grant and recognizes the corresponding expense over the requisite service period (usually the vesting period), utilizing the Black-Scholes option-pricing model. The volatility component of the calculation is based on the historic volatility of the Company's stock or the expected future volatility. The expected life assumption is primarily based on historical exercise patterns and employee post-vesting termination behavior. The risk-free interest rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of grant. Loss per Common Share Basic earnings per share are calculated dividing income available to common stockholders by the weighted average number of common shares outstanding. Diluted earnings per share are based on the assumption that all dilutive convertible shares and stock options and warrants were converted or exercised. Dilution is computed by applying the treasury stock method. Under this method, warrants and options are assumed to be exercised at the beginning of the period (or at the time of issuance, if later), and as if funds obtained thereby were used to purchase common stock at the average market price during the period. There were potentially, no dilutive shares outstanding as of March 31, 2016. Recently Adopted Accounting Pronouncements There are no recent accounting pronouncements that are expected to have a material effect on the Company's financial statements. |
GOING CONCERN
GOING CONCERN | 3 Months Ended |
Mar. 31, 2016 | |
GOING CONCERN [Abstract] | |
GOING CONCERN | NOTE 3 GOING CONCERN The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the recoverability of assets and the satisfaction of liabilities in the normal course of business. Since its inception, the Company has been engaged substantially in financing activities and developing its business plan and marketing. As a result, the Company incurred accumulated net losses through March 31, 2016 of $773,497. In addition, the Company's development activities since inception have been financially sustained through the sale of capital stock and capital contributions from note holders. The ability of the Company to continue as a going concern is dependent upon its ability to raise additional capital from the sale of common stock or through debt financing and, ultimately, the achievement of significant operating revenues. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty. |
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT | 3 Months Ended |
Mar. 31, 2016 | |
Property, Plant and Equipment, Net [Abstract] | |
PROPERTY AND EQUIPMENT | NOTE 4 PROPERTY AND EQUIPMENT Property and equipment consisted of the following as of December 31, 2016 and 2015: March 31, December 31, 2016 2015 Computers and office equipment $ 8,614 $ 8,614 less: accumulated depreciation (8,614 ) (8,257 ) Equipment - net $ - $ 357 Depreciation expense included as a charge to income of $357 for the three months ended March 31, 2016 and $431 for the three months ended March 31, 2015, respectively. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 3 Months Ended |
Mar. 31, 2016 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | NOTE 5 RELATED PARTY TRANSACTIONS On March 7, 2016, the Company sold 6,000,000 common shares to, each of, two individuals, for a total consideration of $30,000 cash. On March 10, 2016, the Board of Directors appointed, these individuals, Messrs. Jim Kiles and Paul Overby to the two vacant positions on the Company's Board of Directors. Mr. Kiles was also appointed President and Chief Executive Officer in the place of Ashish Badjatia, who resigned as President and CEO. Mr. Overby was appointed Chief Stratergy Officer. |
NOTES PAYABLE
NOTES PAYABLE | 3 Months Ended |
Mar. 31, 2016 | |
Debt Disclosure [Abstract] | |
NOTES PAYABLE | NOTE 6 NOTES PAYABLE The components of notes payable at March 31, 2016 and are summarized in the table below: March 31, December 31, 2016 2015 Note payable 24% interest, unsecured and due January 2013 (1) $ 4,500 $ 4,500 $ 4,500 $ 4,500 |
STOCKHOLDERS' DEFICIT
STOCKHOLDERS' DEFICIT | 3 Months Ended |
Mar. 31, 2016 | |
Stockholders' Equity Note [Abstract] | |
STOCKHOLDERS' EQUITY | NOTE 8 STOCKHOLDERS' DEFICIT The total number of common shares authorized that may be issued by the Company is 75,000,000 shares with a par value of $0.001 per share. There are no preferred shares authorized to be issued. There were 62,079,156 and 50,079,156 shares of common stock issued and outstanding at March 31, 2016 and December 31, 2015. On March 3, 2016 the Company sold, for cash of $30,000, 12,000,000 shares of common stock, at a cost of $0.0025 per share. On March 29, 2016 the Company entered into a contract with an independent consultant to provide marketing and communications advise. The Company is obligated to issue 50,000 common shares within 14 days of signing the agreement and 25,000 shares at the end of each subsequent quarter until the contract is terminated. The 50,000 were recorded at a cost of $0.0101 or $505. |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 3 Months Ended |
Mar. 31, 2016 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | On March 11, 2016, the Company completed a merger with Ystrategies Corp., a wholly owned subsidiary incorporated in the State of Nevada, resulting in a corporate name change of the Company to Ystrategies Corp. The corporate name change, as well as a 1 for 10 reverse stock split, and a new trading symbol will become effective upon final approval by Finra, which approval has not been received as of May 11, 2016. |
STOCK PURCHASE WARRANTS
STOCK PURCHASE WARRANTS | 3 Months Ended |
Mar. 31, 2016 | |
Notes to Financial Statements | |
STOCK PURCHASE WARRANTS | NOTE 7 STOCK PURCHASE WARRANTS A summary of the status of the Company's stock options as of March 31, 2016 and changes during the three months ended March 31, 2016 is presented below: Number of Warrants Outstanding at December 31, 2015 1,666,667 Warrants exercised - Warrants forfeited or expired - Outstanding at March 31, 2016 1,666,667 Exercisable at March 31, 2016 1,666,667 The following table summarizes information about options and warrants as of March 31, 2016: Warrants Outstanding Warrants Exercisable Exercise Price Number Outstanding Weighted Average Remaining Contractual Life (in years) Weighted Average Exercise Price Number Exercisable Weighted Average Exercise Price $ 0.06 1,666,667 3.67 $ 0.06 1,666,667 $ 0.06 1,666,667 3.67 $ 0.06 1,666,667 $ 0.06 |
SUMMARY OF SIGNIFICANT ACCOUN15
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 3 Months Ended |
Mar. 31, 2016 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation Management acknowledges that it is solely responsible for adopting sound accounting practices, establishing and maintaining a system of internal accounting control and preventing and detecting fraud. The Company's system of internal accounting control is designed to assure, among other items, that (1) recorded transactions are valid; (2) all valid transactions are recorded and (3) transactions are recorded in the period in a timely manner to produce financial statements which present fairly the financial condition, results of operations and cash flows of the company for the respective periods being presented. |
Use of Estimates | Use of Estimates The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. A change in managements' estimates or assumptions could have a material impact on the Company's financial condition and results of operations during the period in which such changes occurred. Actual results could differ from those estimates. The Company's financial statements reflect all adjustments that management believes are necessary for the fair presentation of their financial condition and results of operations for the periods presented. |
Cash and Cash Equivalents | Cash and Cash Equivalents For purposes of the statements of cash flows, cash equivalents include all highly liquid investments with original maturities of three months or less which are not securing any corporate obligations. The Company maintains its cash in bank deposit accounts, which, at times, may exceed federally insured limits. The Company has not experienced any losses in such accounts. |
Deposits | Deposits Deposits include a security deposit for office space located in Pittsburgh, PA. |
Property and Equipment | Property and Equipment Property and equipment are carried at cost. Expenditures for maintenance and repairs are charged against operations. Renewals and betterments that materially extend the life of the assets are capitalized. When assets are retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts, and any resulting gain or loss is reflected in income for the period. Depreciation is computed for financial statement purposes on a straight-line basis over estimated useful lives of the related assets. The estimated useful lives of depreciable assets are: Estimated Classification Useful Lives Furniture and fixtures 5-7 years Computers and office equipment 3-5 years |
Revenue Recognition | Revenue Recognition The Company recognizes revenue for its professional services when persuasive evidence of an arrangement exists, performance of services has occurred, the sales price is fixed or determinable and collectability is probable. Revenue, from the sale of products, is recognized upon receipt from the internet vendor of the month's transactions. Consulting revenue is earned by providing intellectual internet oriented professional services on a contractual basis, usually paid for in advance. If the scope of the engagement exceeds the Company's abilities, part or all of the project may be outsourced to a third party that possess the necessary disciplines. Other revenue is generated through the sale of products, in which case, the Company will purchase inventory and resell it over the Internet. During the three months ended March 31, 2016, the Company earned no revenue from consulting services, provided to clients, and $7,217 for Internet based product sales generated through an Amazon web site. Because the Company utilizes an independent third party as a partner in the product sales venture, the Company records, only, its share of the revenue and deducts the inventory cost as cost of sales. |
Impairment of Long-Lived Assets | Impairment of Long-lived Assets |
Income Taxes | Income Taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. 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. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is provided for deferred tax assets if it is more likely than not these items will either expire before the Company is able to realize their benefits, or that future deductibility is uncertain. The Company also follows the guidance related to accounting for income tax uncertainties. In accounting for uncertainty in income taxes, the Company recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more likely than not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority. No liability for unrecognized tax benefits was recorded as of March 31, 2016 and December 31, 2015. |
Fair Value of Financial Instruments | Fair Value Measurements The fair value of a financial instrument is the amount that could be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Financial assets are marked to bid prices and financial liabilities are marked to offer prices. Fair value measurements do not include transaction costs. A fair value hierarchy is used to prioritize the quality and reliability of the information used to determine fair values. Categorization within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The fair value hierarchy is defined into the following three categories: Level 1: Quoted market prices in active markets for identical assets or liabilities Level 2: Observable market-based inputs or inputs that are corroborated by market data Level 3: Unobservable inputs that are not corroborated by market data |
Stock-Based Compensation | Stock-Based Compensation The Company records stock-based compensation at fair value as of the date of grant and recognizes the corresponding expense over the requisite service period (usually the vesting period), utilizing the Black-Scholes option-pricing model. The volatility component of the calculation is based on the historic volatility of the Company's stock or the expected future volatility. The expected life assumption is primarily based on historical exercise patterns and employee post-vesting termination behavior. The risk-free interest rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of grant. |
Loss per Common Share | Loss per Common Share Basic earnings per share are calculated dividing income available to common stockholders by the weighted average number of common shares outstanding. Diluted earnings per share are based on the assumption that all dilutive convertible shares and stock options and warrants were converted or exercised. Dilution is computed by applying the treasury stock method. Under this method, warrants and options are assumed to be exercised at the beginning of the period (or at the time of issuance, if later), and as if funds obtained thereby were used to purchase common stock at the average market price during the period. There were potentially, no dilutive shares outstanding as of March 31, 2016. |
Recent Accounting Pronouncements | Recently Adopted Accounting Pronouncements There are no recent accounting pronouncements that are expected to have a material effect on the Company's financial statements. |
SUMMARY OF SIGNIFICANT ACCOUN16
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Accounting Policies [Abstract] | |
Schedule of Useful Lives | The estimated useful lives of depreciable assets are: Estimated Classification Useful Lives Furniture and fixtures 5-7 years Computers and office equipment 3-5 years |
PROPERTY AND EQUIPMENT (Tables)
PROPERTY AND EQUIPMENT (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Property, Plant and Equipment, Net [Abstract] | |
Schedule of Property and Equipment | March 31, December 31, 2016 2015 Computers and office equipment $ 8,614 $ 8,614 less: accumulated depreciation (8,614 ) (8,257 ) Equipment - net $ - $ 357 |
NOTES PAYABLE (Tables)
NOTES PAYABLE (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Debt Disclosure [Abstract] | |
Schedule of Notes Payable | The components of notes payable at March 31, 2016 and are summarized in the table below: March 31, December 31, 2016 2015 Note payable 24% interest, unsecured and due January 2013 (1) $ 4,500 $ 4,500 $ 4,500 $ 4,500 |
STOCK PURCHASE WARRANTS (Tables
STOCK PURCHASE WARRANTS (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Other Liabilities Disclosure [Abstract] | |
Company stock options | Number of Warrants Outstanding at December 31, 2015 1,666,667 Warrants exercised - Warrants forfeited or expired - Outstanding at March 31, 2016 1,666,667 Exercisable at March 31, 2016 1,666,667 |
Summary of options and warrants | Warrants Outstanding Warrants Exercisable Exercise Price Number Outstanding Weighted Average Remaining Contractual Life (in years) Weighted Average Exercise Price Number Exercisable Weighted Average Exercise Price $ 0.06 1,666,667 3.67 $ 0.06 1,666,667 $ 0.06 1,666,667 3.67 $ 0.06 1,666,667 $ 0.06 |
SUMMARY OF SIGNIFICANT ACCOUN20
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) | 3 Months Ended |
Mar. 31, 2015 | |
Furniture and Fixtures [Member] | Minimum [Member] | |
Estimated useful life | 5 years |
Furniture and Fixtures [Member] | Maximum [Member] | |
Estimated useful life | 7 years |
Computers and Office Equipment [Member] | Minimum [Member] | |
Estimated useful life | 3 years |
Computers and Office Equipment [Member] | Maximum [Member] | |
Estimated useful life | 5 years |
GOING CONCERN (Details)
GOING CONCERN (Details) | 3 Months Ended |
Mar. 31, 2016USD ($) | |
GOING CONCERN [Abstract] | |
Accumulated Net losses | $ 773,497 |
PROPERTY AND EQUIPMENT (Details
PROPERTY AND EQUIPMENT (Details) - USD ($) | 3 Months Ended | ||
Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2015 | |
Property, Plant and Equipment, Net [Abstract] | |||
Computer and office equipment | $ 8,614 | $ 8,614 | |
less: Accumulated depreciation | $ (8,614) | (8,257) | |
Property and equipment, net | $ 357 | ||
Depreciation | $ 357 | $ 431 |
NOTES PAYABLE (Details)
NOTES PAYABLE (Details) - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 |
Debt Disclosure [Abstract] | ||
Note payable - 24% interest, unsecured and due January 2013 | $ 4,500 | $ 4,500 |
Total Notes Payable | $ 4,500 | $ 4,500 |
STOCKHOLDERS' DEFICIT (Details)
STOCKHOLDERS' DEFICIT (Details) | 3 Months Ended |
Mar. 31, 2016USD ($)$ / sharesshares | |
Stockholders' Equity Note [Abstract] | |
Number of common shares sold for cash | shares | 12,000,000 |
Price per share | $ / shares | $ 0.0025 |
Cash Proceeds | $ | $ 30,000 |
STOCK PURCHASE WARRANTS - Statu
STOCK PURCHASE WARRANTS - Status of options (Details) | 3 Months Ended |
Mar. 31, 2016shares | |
Notes to Financial Statements | |
Warrants granted | 1,666,667 |
Warrants exercised | |
Warrants forfeited or expired | |
Outstanding at December 31, 2014 | 1,666,667 |
Exercisable at December 31, 2014 | 1,666,667 |
STOCK PURCHASE WARRANTS - Summa
STOCK PURCHASE WARRANTS - Summary of options and warrants (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2015 | Mar. 31, 2016 | |
Notes to Financial Statements | ||
Exercise Price | $ 0.06 | |
Warrants Outstanding | $ 1,666,667 | |
Warrants Outstanding - Weighted Average Remaining Contractual Life (in years) | 4 years 6 months 5 days | |
Warrants Outstanding - Weighted Average Exercise Price | $ 0.06 | |
Warrants Exercisable | 1,666,667 | |
Warrants Exercisable - Weighted Average Exercise Price | $ 0.06 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) | 3 Months Ended |
Mar. 31, 2016USD ($)shares | |
Related Party Transactions [Abstract] | |
Number of common shares sold to each of two individuals | shares | 6,000,000 |
Amoount of cash received for all shares sold | $ | $ 30,000 |