Waste Energy (WAST) 10-Q 9 Nov 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2018	Nov. 09, 2018
Document And Entity Information
Entity Registrant Name	ICOX INNOVATIONS INC.
Entity Central Index Key	1,515,139
Document Type	10-Q
Document Period End Date	Sep. 30, 2018
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	false
Entity Ex Transition Period	false
Entity Common Stock, Shares Outstanding		20,874,524
Trading Symbol	ICOX
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,018

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Current Assets
Cash and cash equivalents	$ 1,555,071	$ 214,993
Accounts receivable, related party		500,000
Prepaid expenses	75,181	30,000
Prepaid expenses, related party	15,000	35,000
Deferred service costs	597,196	21
Related party loans receivable and related accrued interest	1,261,762	100,752
Total Current Assets	3,504,210	880,766
Investment, related party	37	37
Total Assets	3,504,247	880,803
Current Liabilities
Accounts payable and accrued expenses	272,618	131,303
Accounts payable and accrued expenses, related party	50,520	51,616
Total Current Liabilities	323,138	182,919
Convertible notes payable	500,325	500,325
Accrued interest on convertible notes	100,861	52,949
Total Liabilities	924,324	736,193
Commitments and Contingencies
Stockholders' Equity
Common stock, $0.001 par value, 75,000,000 shares authorized; 20,874,524 and 11,600,000 shares issued and outstanding at September 30, 2018 and December 31, 2017, respectively	20,875	11,600
Additional paid-in-capital	6,237,076	826,018
Accumulated deficit	(3,678,028)	(693,008)
Total Stockholders' Equity	2,579,923	144,610
Total Liabilities and Stockholders' Equity	$ 3,504,247	$ 880,803

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Sep. 30, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	75,000,000	75,000,000
Common stock, shares issued	20,874,524	11,600,000
Common stock, shares outstanding	20,874,524	11,600,000

Condensed Consolidated Statemen

Condensed Consolidated Statement of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Revenues
Service revenue
Total revenues
Operating expenses
General and administrative expense	809,153	67,022	1,834,738	102,166
Consulting fees, related party	105,000		455,000
Service costs	78,421		651,341
Total operating expenses	992,574	67,022	2,941,079	102,166
Net loss from operations	(992,574)	(67,022)	(2,941,079)	(102,166)
Other income (expense)
Interest income, related party	11,762		11,960
Note interest expense	(16,146)	(6,090)	(55,901)	(21,529)
Total other income (expense)	(4,384)	(6,090)	(43,941)	(21,529)
Provision for taxes
Net loss	$ (996,958)	$ (73,112)	$ (2,985,020)	$ (123,695)
Loss per common share - Basic and diluted	$ (0.05)	$ (0.01)	$ (0.19)	$ (0.02)
Weighted average number of common shares outstanding, basic and diluted	20,874,524	6,000,000	15,710,686	6,000,000

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Operating activities
Net loss for the period	$ (2,985,020)	$ (123,695)
Adjustments to reconcile net loss to net cash used in operating activities
Stock-based compensation	43,039
Stock-based compensation, related party	144,305
Changes in operating assets and liabilities
Accounts receivable, related party	500,000
Prepaid expense	(45,181)
Prepaid expense, related party	20,000
Deferred service costs	(597,175)
Accrued interest receivable, related party	(11,010)
Accounts payable and accrued expenses	141,315
Accounts payable and accrued expenses, related party	(1,096)	(38,873)
Accrued interest on notes payable	47,912	21,529
Net cash (used in) operating activities	(2,742,911)	(141,039)
Investing activities
Repayment of loan issued to related party	100,000
Loan issued to related party	(1,250,000)
Net cash (used in) investing activities	(1,150,000)
Financing activities
Proceeds from issuance of convertible notes payable		280,000
Proceeds from issuance of loans payable	400,000
Repayment of loans payable	(400,000)
Proceeds from share issuance	5,468,195
Less share issue cost	(235,206)
Net cash provided by financing activities	5,232,989	280,000
Net changes in cash and cash equivalents	1,340,078	138,961
Cash and cash equivalents at beginning of the period	214,993	56,050
Cash and cash equivalents at end of the period	1,555,071	195,011
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid in interest	7,989
Cash paid for income taxes

Nature and Continuance of Opera

Nature and Continuance of Operations	9 Months Ended
	Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature and Continuance of Operations	1. NATURE AND CONTINUANCE OF OPERATIONS ICOx Innovations Inc. (the “Company”) was incorporated under the laws of the State of Nevada on July 20, 2010, with an authorized capital of 75,000,000 common shares, having a par value of $0.001 per share. During the period ended December 31, 2010, the Company commenced operations by issuing shares and developing its publishing service business, focused on representing authors to publishers. On February 14, 2018, the Company changed its name from “AppCoin Innovations Inc.” to “ICOx Innovations Inc.” On August 17, 2018, a subsidiary of the Company changed its name from “AppCoin Innovations (USA) Inc.” to “ICOx USA, Inc.” The Company’s new business model is to provide a turnkey set of services for companies to develop and integrate blockchain and cryptocurrency technologies into their business operations. The Company will enable its customers to focus on their core competencies while providing the necessary resources and expertise to execute a strategy that will enable companies to integrate new blockchain plus cryptocurrency technologies into their business operations. The Company will be compensated on a fee-for-services model. The Company may also accept tokens or coins in payment for its services, to the extent permitted under applicable law. The Company’s services will include strategic planning, project planning, structure development and administration, business plan modeling, technology development support, whitepaper preparation, due diligence reporting, governance planning and management. Going Concern These consolidated financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred losses since inception resulting in an accumulated deficit of $3,678,028 and $693,008 as of September 30, 2018 and December 31, 2017, respectively, and further losses are anticipated in the pursuit of the Company’s new service business opportunity, raising substantial doubt about the Company’s ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand, loans from directors and/or the private placement of common stock. In order to address the above factors, during the nine months ended September 30, 2018, the Company completed private placements of an aggregate of 9,113,659 shares of common stock at a price of $0.60 per share for aggregate gross proceeds of $5,468,195. The financial statements do not include any adjustments relating to the recoverability and classification of assets or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2018
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The interim condensed consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles (“GAAP”) in the United States of America. Basis of Consolidation The interim condensed consolidated financial statements include the accounts of the Company and its subsidiary. All intercompany transactions and balances have been eliminated. Unaudited Interim Financial Information The accompanying unaudited interim condensed consolidated financial statements and related notes have been prepared in accordance with U.S. GAAP for interim financial information, and with the rules and regulations of the United States Securities and Exchange Commission (the “SEC”) to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The unaudited interim condensed consolidated financial statements furnished reflect all adjustments (consisting of normal recurring accruals) which are, in the opinion of management, necessary to a fair statement of the results for the interim periods presented. Unaudited interim results are not necessarily indicative of the results for the full fiscal year. These unaudited interim condensed consolidated financial statements should be read in conjunction with the financial statements of the Company for the year ended December 31, 2017 and notes thereto contained in the information as part of the Company’s Annual Report on Form 10-K, which was filed with the SEC on April 2, 2018. Use of Estimates The preparation of interim condensed consolidated financial statements in conformity with GAAP 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 consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates and these differences could be material. Earnings per Share The Company computes earnings (loss) per share in accordance with ASC 105, “Earnings per Share” which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic earnings (loss) per share is computed by dividing net loss available to common stockholders by the weighted average number of outstanding common shares during the period. Diluted earnings (loss) per share gives effect to all dilutive potential common shares outstanding during the period. At September 30, 2018, common shares from the conversion of debt (11,760,208 shares) (Note 3) and exercise of stock options (880,553 shares) (Note 9) have been excluded as their effect is anti-dilutive. At September 30, 2017, common shares from the conversion of debt (7,159,969 shares) and exercise of stock options (nil) have been excluded as their effect is anti-dilutive. Revenue Recognition Revenue is recognized in accordance with FASB ASC Topic 606, Revenue Recognition. The Company primarily generates revenues from professional services consulting agreements. These arrangements are generally entered into on a contingent fee basis. There is no prepayment or retainer required prior to performing services and the entire fees is earned on a contingent basis. The Company also provides monthly post-business launch support services. The recurring monthly post-business launch support services are recognized as revenue each month that the subscription is maintained. The Company generally enters into arrangements for which revenues are contingent upon achieving a pre-determined deliverable or future outcome. Any contingent revenue for these arrangements is not recognized until the contingency is resolved and collectability is reasonably assured. Differences between the timing of billings and the recognition of revenue are recognized as either unbilled revenue (a component of accounts receivable) or deferred revenue on the consolidated balance sheet. Revenues recognized for services performed but not yet billed to clients are recorded as unbilled revenue. Reimbursable expenses, including those relating to travel, other out-of-pocket expenses and any third-party costs, are included as a component of revenues. Typically, an equivalent amount of reimbursable expenses are included in total direct client service costs. Taxes collected from customers and remitted to governmental authorities are presented in the statement of operations on a net basis. Service costs The Company’s policy is to defer direct service costs that relate to the earning of contingent fee revenue. These deferred costs are expensed when the contingent fee revenue is recognized or when the earning the contingent fee revenue is in doubt. Reclassification Certain reclassifications have been made to the 2017 financial statements in order for them to conform to the 2018 presentation. Such reclassifications have no impact on the Company’s financial position or results or operations. Recently Adopted Accounting Pronouncements Statement of Cash Flows (ASU 2016-15) This update provides specific guidance to clarify how entities should classify certain cash receipts and cash payments on the statement of cash flows. The update also clarifies the application of the predominance principle when cash receipts and cash payments have aspects of more than one class of cash flows. The Company adopted this standard effective January 1, 2018. The adoption of this update had no material effect on our financial statements. Financial Instruments – Recognition and Measurement (ASU 2016-01) This update retains the current accounting for classifying and measuring investments in debt securities and loans, but requires equity investments to be measured at fair value with subsequent changes recognized in net income, except for those accounted for under the equity method or requiring consolidation. The Company adopted this standard effective January 1, 2018. The adoption of this update had no material effect on our financial statements. Future Accounting Pronouncements Leases (ASU 2016-02) In February 2016, the FASB issued new guidance, ASU No. 2016-02, Leases (Topic 842). The main difference between current U.S. GAAP and the new guidance is the recognition of lease liabilities based on the present value of remaining lease payments and corresponding lease assets for operating leases under current U.S. GAAP with limited exception. Additional qualitative and quantitative disclosures are also required by the new guidance. Topic 842 is effective for annual reporting periods (including interim reporting periods) beginning after December 15, 2018. Early adoption is permitted. The Company is in the process of evaluating the amendments to determine if they have a material impact on the Company’s financial position, results of operations, cash flows or disclosures. In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses of Financial Instruments

Notes Payable

Notes Payable	9 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Notes Payable	3. NOTES PAYABLE The Company has convertible notes outstanding as at September 30, 2018 and are as follows: Start Date Maturity Date Rate Principal Interest Total Note 1 (1) 09-14-2015 09-14-2020 18 % $ 73,825 $ 40,448 $ 114,273 Note 2 (1) 12-30-2016 12-30-2021 18 % 50,000 15,756 65,756 Note 3 (1) 12-30-2016 12-30-2021 18 % 21,500 6,775 28,275 Note 4 (1) 03-02-2017 03-02-2022 18 % 20,000 5,691 25,691 Note 5 (1) 06-08-2017 06-08-2022 18 % 10,000 2,362 12,362 Note 6 (2) 10-30-2017 10-30-2020 10 % 250,000 22,945 272,945 Note 7 (2) 10-30-2017 10-30-2020 10 % 75,000 6,884 81,884 Total $ 500,325 $ 100,861 $ 601,186 (1) (2) The balances of the convertible notes outstanding as at December 31, 2017 are as follows: Start Date Maturity Date Rate Principal Interest Total Note 1 (1) 09-14-2015 09-14-2020 18 % $ 73,825 $ 30,509 $ 104,334 Note 2 (1) 12-30-2016 12-30-2021 18 % 50,000 9,025 59,025 Note 3 (1) 12-30-2016 12-30-2021 18 % 21,500 3,880 25,380 Note 4 (1) 03-02-2017 03-02-2022 18 % 20,000 2,998 22,998 Note 5 (1) 06-08-2017 06-08-2022 18 % 10,000 1,016 11,016 Note 6 (2) 10-30-2017 10-30-2020 10 % 250,000 4,247 254,247 Note 7 (2) 10-30-2017 10-30-2020 10 % 75,000 1,274 76,274 Total $ 500,325 $ 52,949 $ 553,274 Based upon the balances as of September 30, 2018, the convertible notes and the related interest will come due in the following years: Principal Interest Total 2018 $ - $ - $ - 2019 - - - 2020 398,825 70,277 469,102 2021 71,500 22,531 94,031 2022 30,000 8,053 38,053 Total $ 500,325 $ 100,861 $ 601,186

Loans Payable - Related Party

Loans Payable - Related Party	9 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Loans Payable - Related Party	4. LOANS PAYABLE – RELATED PARTY On March 13, 2018, we entered into a loan agreement with Michael Blum, our Chief Financial Officer, whereby Mr. Blum advanced $100,000 to us. The principal amount of $100,000 is repayable on demand (but no longer than a term of six months) and bears simple interest at a rate of 12% per annum, which is payable upon repayment of the principal amount of $100,000. We are entitled to repay the whole or any portion of the principal amount of $100,000, plus accrued interest on the portion of the principal amount of $100,000 being repaid, at any time. The loan agreement provides that we must, within five days of the release of funds to us from our private placement of subscription receipts that closed in March 2018, repay the principal amount of $100,000 plus accrued interest in full. The loan agreement also provides that if we obtain any indebtedness on terms that are superior to the terms set forth in the loan agreement, then the terms under the loan agreement will be deemed to be amended, as of March 13, 2018, to match such superior terms in a manner and on terms as nearly equivalent as practicable to such superior terms. The loan was repaid on June 1, 2018 with interest of $2,630. On March 27, 2018, we entered into a loan agreement with Greg Burnett, a member of our Advisory Board, whereby Mr. Burnett advanced $100,000 to us. The principal amount of $100,000 is repayable on demand (but no longer than a term of six months) and bears simple interest at a rate of 12% per annum, which is payable upon repayment of the principal amount of $100,000. We are entitled to repay the whole or any portion of the principal amount of $100,000, plus accrued interest on the portion of the principal amount of $100,000 being repaid, at any time. The loan agreement provides that we must, within five days of the release of funds to us from our private placement of subscription receipts that closed in March 2018, repay the principal amount of $100,000 plus accrued interest in full. The loan agreement also provides that if we obtain any indebtedness on terms that are superior to the terms set forth in the loan agreement, then the terms under the loan agreement will be deemed to be amended, as of March 27, 2018, to match such superior terms in a manner and on terms as nearly equivalent as practicable to such superior terms. The loan was repaid on June 4, 2018 with interest of $2,268. On April 13, 2018, we entered into a loan agreement with a lender whereby the lender advanced $200,000 to us. The principal amount of $200,000 is repayable on demand (but no longer than a term of six months) and bears simple interest at a rate of 12% per annum, which is payable upon repayment of the principal amount of $200,000. We are entitled to repay the whole or any portion of the principal amount of $200,000, plus accrued interest on the portion of the principal amount of $200,000 being repaid, at any time. The loan was repaid on June 12, 2018 with interest of $3,090.

Notes Receivable - Related Part

Notes Receivable - Related Party	9 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Notes Receivable - Related Party	5. NOTES RECEIVABLE – RELATED PARTY On July 9, 2018, we entered into a loan agreement with Ryde Holding Inc. (“Ryde”) (formerly “WENN Digital Inc.”) whereby we provided to Ryde a loan in the principal amount of $750,000. The principal amount of the loan bears interest at the rate of 2% per annum, provided, however, any amounts not paid when due will immediately commence accruing interest at the default rate of 10% per annum. The principal amount of the loan, any accrued and unpaid interest thereon, and any other amounts owing under the loan maters on the earlier of (i) March 9, 2019 and (ii) the closing by Ryde of a minimum of $3,000,000 in financings, in the aggregate, whether through the sale of KodakCoins, equity or otherwise. Ryde can prepay all outstanding amounts on 10 days’ notice to our company. As a condition for entering into the loan agreement, Ryde GmbH, a subsidiary of Ryde, provided a corporate guarantee dated July 9, 2018 to our company, pursuant to which Ryde GmbH unconditionally guaranteed and promised to pay our company on demand all amounts that become due from Ryde under the loan agreement with Ryde and any other amounts that we may in the future loan or advance to Ryde. Also, as a condition for entering into the loan agreement, Ryde entered into the amendment no. 2, dated as of July 9, 2018, to the business service agreement dated December 29, 2017 as amended as of March 15, 2018, with our company. Pursuant to the amendment no. 2, our company and Ryde agreed that each party will be responsible for its respective expenses and agreed not to charge any out of pocket expenses to the other party unless expressly approved by the other party in advance in writing. As of September 30, 2018, interest of $3,411 has been earned. On July 27, 2018, we entered into a loan agreement with Ryde whereby we provided to Ryde a loan in the principal amount of $500,000. This loan is unsecured, will mature on the earlier of eight (8) months from the date of issuance or the closing by Ryde of a minimum of $4,250,000 in financings, in the aggregate, whether through the sale of KodakCoins, equity, or otherwise and will bear interest at the rate of 12% interest per annum. However, any amounts not paid when due shall immediately commence accruing interest at the default rate of 18% per annum. As of September 30, 2018, interest of $8,351 has been earned. Effective Date Maturity Date Rate Principal Interest Total Note 1 07-09-2018 03-09-2018 2 % $ 750,000 $ 3,411 $ 753,411 Note 2 (1) 07-27-2018 03-27-2018 12 % 500,000 8,351 508,351 Total $ 1,250,000 $ 11,762 $ 1,261,762 (1)

Commitments

Commitments	9 Months Ended
	Sep. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments	6. COMMITMENTS Starting May 1, 2018, the Company entered into a contract to lease its premises. The contract is effective until February 28, 2020 and is for $16,500 per month. The following are the future minimum lease payments as at September 30, 2018: Total 2018 $ 49,500 2019 198,000 2020 33,000 Total $ 280,500

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2018
Related Party Transactions [Abstract]
Related Party Transactions	7. RELATED PARTY TRANSACTIONS In support of the Company’s efforts and cash requirements, it may rely on advances from stockholders until such time as the Company can support its operations through revenue generation or attain adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by stockholders. Amounts represent advances or amounts paid in satisfaction of liabilities. The Company’s office premises were provided to it at no cost by one of its directors until April 30, 2018. This director did not take any fees for serving as director during the period ended September 30, 2018. In October 2017, the Company signed an agreement with a company in which the Company’s Chairman is a director, officer, and 30.5% shareholder, to provide strategic management services. The agreement is for a two-year term that will automatically be renewed unless: (i) mutually agreed to by Business Instincts Group, Inc. (“BIG”) and us, or (ii) written notice of non-renewal is provided by the non-renewing party to the other at least 90 days prior to the end of the term. The agreement can be terminated by either party, without cause, at any time upon the provision of 90 days written notice to the other party. This agreement committed the Company to pay $35,000 a month and a signing bonus of $100,000 payable as follows: (i) $50,000 upon closing of up to $750,000 of equity financing and (ii) $50,000 payable on signing of the first client agreement. On June 26, 2018, the agreement was amended to pay $105,000 a month as of June 1, 2018 and pay a bonus of $280,000. $140,000 of the bonus has been paid with the remaining portion to be paid upon signing of two additional clients. As of September 30, 2018, the Company had trade and other payables owing to this related party of $50,520. Future minimum payments per the agreement are: 2018 $ 315,000 2019 1,050,000 Total $ 1,365,000 On December 29, 2017, the Company signed a master service agreement with Ryde, a company in which there is a common director. The agreement was amended on March 15, 2018, pursuant to which the Company changed the scope of services to provide Ryde with the services in connection with Ryde’s development of an image rights management and protection platform (the “Platform”) using blockchain technology, including (i) the business development and technical services, (ii) the business launch services and (iii) the post-business launch support services. The business services agreement with Ryde provides that the fees for the services provided in connection with the development and launch of the Platform (the business development and technical services and business launch services) were deemed earned on the date of execution of the business services agreement. The Company has waived Ryde’s requirement to pay the $250,000 fixed fee in connection with the business development and technical services as a concession. The Company has recognized the business development and technical service fee of $500,000 during the year end December 31, 2017, paid in January by Ryde upon the completion of its first round of pre-ICO fundraising. Also, as a condition for entering into the loan agreement (Note 5), Ryde entered into the amendment no. 2, dated as of July 9, 2018, to the business service agreement dated December 29, 2017 as amended as of March 15, 2018, with our company. Pursuant to the amendment no. 2, the Company and Ryde agreed that each party will be responsible for its respective expenses and agreed not to charge any out of pocket expenses to the other party unless expressly approved by the other party in advance in writing. On October 29, 2018, Ryde entered into amendment no. 3. Under the amendment no. 3, the Company agreed to provide to Ryde the services from October 1, 2018 to December 31, 2019 (the “2018-19 Services”) consisting of corporate development and governance, business development and technical services, business awareness services, financial and administrative services, and media management services. In addition, the Company agreed to provide to Ryde the monthly services from January 1, 2020 to December 31, 2020 (the “2020 Monthly Services”) consisting of board and corporate strategy management and board and corporate governance management. In consideration for the 2018-19 Services, Ryde agreed to pay a fixed fee of $1,100,000, which is deemed earned as of October 1, 2018, under the agreement, but is not due and payable until Ryde closes on the sale of Simple Agreements for Future Tokens (“SAFTs”), equity, or token financings, joint venture financings, or any of its affiliates, in a minimum aggregate amount of $12,000,000, including closings occurring prior to October 1, 2018. In consideration for the 2020 Monthly Services fees, Ryde agreed to pay a monthly fee of $35,000 at the beginning of each month commencing January 1, 2020. All fees and other amounts paid to the Company with respect to the Company’s services provided prior to the amendment no. 3 have been earned in connection with the prior services and will not be credited against any of the above fees or other amounts due under the amendment no. 3. In addition, the amendment no. 3 provides for additional fees for the 2018-19 Services relating to success of Ryde’s business, including the engagement of an investment banker and certain financing milestones and additional fees and milestone fees relating to the achievements of certain net revenues and creation of a business relationship that increases the value of Ryde. The Company will not provide any services related to any financings to be conducted by Ryde. The Company will also receive 20 million tokens based upon 100 million tokens issued, which number will be increased on a pro rata basis, if at any time, Ryde issues more than 100 million tokens (the “Token Fee”). The Token Fee has been previously earned and will be issued in connection with the first release of any tokens to any party. However, if the business services agreement is terminated before December 31, 2019, (a) the fee for the 2018-19 Services will be immediately due in full (but only if the foregoing $12,000,000 financing is closed either before or after the termination date), (b) any additional fees and milestone fees earned will be immediately paid in full (if the condition precedent/milestones are achieved), (c) the Token Fee will be immediately transferred to the Company, and (d) any future adjustment in the number of tokens issued by Ryde, to over 100,000,000, will result in the immediately issuance to our company of 20% of such additional tokens. The amendment no. 3 provides that the business services agreement will continue until December 31, 2020 unless earlier terminated by either party, provided, however, the term of the 2020 Monthly Services will automatically renew for successive one year periods after December 31, 2020, which renewal term can be terminated by either party with 30 days advanced written notice. The amendment no. 3 also provides that the Company may terminate the business services agreement upon the provision of 30 days written notice to Ryde. Ryde may terminate the business services agreement after December 31, 2019, upon the provision of 30 days written notice to the Company. If the Company or Ryde provides such notice, the Company or Ryde, as applicable, may immediately terminate the business services agreement and the Company will be entitled to no further compensation except for any fees earned prior to the date of the termination and other fees discussed above, which are due regardless of such early termination. The Company has agreed that Ryde will not be responsible for any out-of-pocket expenses incurred by the Company in connection with the performance of the services. In addition, the Company has agreed to pay, and otherwise be financially responsible for (including through the reimbursement of disbursements made by Ryde and its affiliates), (i) all legal costs and expenses incurred by Ryde, the Company and any of their affiliates in connection with the Ryde Offering; (ii) all business and travel expenses incurred by Ryde, the Company and any of their affiliates in connection the Ryde Offering; and (iii) all fees and expenses incurred by Ryde in connection with its conversion of cryptocurrencies into US dollars in connection with the Ryde Offering, including bank, exchange and other similar fees and expenses. Ryde will have the right to deduct any such amounts from the fees otherwise payable by it to the Company and apply such deducted amounts to the payments to the Company. The Company’s chairman and one of its directors, Cameron Chell, is a director, officer and an indirect shareholder of Business Instincts Group Inc. which owns 10% of the common stock of Ryde and he is also a director, officer and indirect shareholder of Blockchain Merchant Group, Inc. which owns 2.5% of the common stock of Ryde and the Company owns 7.5% of the common stock of Ryde. Mr. Chell is also a director, chairman, and officer of Ryde. Mr. Elliott is a former officer of Ryde.

Share Capital

Share Capital	9 Months Ended
	Sep. 30, 2018
Equity [Abstract]
Share Capital	8. SHARE CAPITAL On March 12 and 19, 2018, we completed private placements of an aggregate of 9,113,659 subscription receipts at a price of $0.60 per subscription receipt for aggregate gross proceeds of $5,468,195. The escrow release condition (as defined below) was met, and each subscription receipt converted into one share of the Company’s common stock, for no additional consideration. The escrow release condition was the receipt by the Company of conditional approval for the listing of the shares of the Company’s common stock on a Canadian stock exchange. In connection with the closing of the private placements, the Company paid cash finder’s fees in the aggregate amount of $29,400 and the Company issued 160,865 shares of common stock at a deemed price of $0.60 per share as the finder’s fee. In connection with this private placement, the Company agreed with each subscriber who purchased shares to prepare and file a registration statement with respect to 50% of the shares issued with the United States Securities and Exchange Commission within 90 days following the closing of the private placement and agreed to use commercially reasonable efforts to have the registration statement declared effective by the United States Securities and Exchange Commission as soon as possible after filing. None of the securities issued in the private placement have been registered under the United States Securities Act of 1933, as amended (the “1933 Act”), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2018
Retirement Benefits [Abstract]
Stock-Based Compensation	9. STOCK-BASED COMPENSATION The Company has adopted the 2017 Equity Incentive Plan (“the Plan”) under which non-transferable options to purchase common shares of the Company may be granted to directors, officers, employees, or consultants of the Company. The terms of the Plan provide that our board of directors may grant options to acquire common shares of the Company at not less than 100% of the greater of: (i) the fair market value of the shares underlying the options on the grant date and (ii) the fair market value of the shares underlying the options on the date preceding the grant date at terms of up to ten years. No amounts are paid or payable by the recipient on receipt of the options. As of December 31, 2017, the maximum number of options available for grant was 3,000,000 shares. On January 22, 2018, the maximum number of options available for grant was increased to 3,900,000 shares. As of September 30, 2018, there are 3,400,000 stock options issued (December 31, 2017 – 2,900,000) and 500,000 stock options unissued (December 31, 2017 – 100,000). On February 9, 2018, the Company granted a total of 100,000 stock options to a director. The stock options are exercisable at the exercise price of $0.60 per share for a period of ten years from the date of grant. The stock options are exercisable as follows: (i) 1/3 upon the date of grant; (ii) 1/3 on the first anniversary date; and (iii) 1/3 on the second anniversary date. On February 16, 2018, the Company granted a total of 75,000 stock options to two consultants. The stock options are exercisable at the exercise price of $0.60 per share for a period of ten years from the date of grant. The stock options are exercisable as follows: (i) 1/3 on the first anniversary date; (ii) 1/3 on the second anniversary date; and (iii) 1/3 on the third anniversary date. On May 17, 2018, the Company granted a total of 100,000 stock options to a director. The stock options are exercisable at the exercise price of $0.60 per share for a period of ten years from the date of grant. The stock options are exercisable as follows: (i) 2,778 upon the date of grant; (ii) 2,778 on the 17 th (iii) 2,770 on April 17, 2021. On June 7, 2018, the Company granted a total of 100,000 stock options to a director. The stock options are exercisable at the exercise price of $0.60 per share for a period of ten years from the date of grant. The stock options are exercisable as follows: (i) 1/3 upon the date of grant; (ii) 1/3 on the first anniversary date; and (iii) 1/3 on the second anniversary date. On June 8, 2018, the Company granted 75,000 stock options to one consultant. The stock options are exercisable at the exercise price of $0.60 per share for a period of ten years from the date of grant. The stock options become exercisable as follows: (i) 1/3 upon the date of grant; (ii) 1/3 on the first anniversary date; and (iii) 1/3 on the second anniversary date. On August 15, 2018, the Company granted 50,000 stock options to one consultant. The stock options are exercisable at the exercise price of $1.00 per share for a period of two years from the date of grant. The stock options became exercisable upon the date of grant. Stock options granted are valued at the fair value calculation based off the Black-Scholes valuation model. The weighted average assumptions used in the calculation are as follows: Nine Months Ended September 30, 2018 2017 Share price $ 0.60 N/A Exercise price $ 0.60-1.00 N/A Time to maturity (years) 2-10 N/A Risk-free interest rate 2.61%-3.11 % N/A Expected volatility 50.48%-192.68 % N/A Dividend per share $ 0.00 N/A Forfeiture rate Nil N/A Number of Options Weighted Average Grant-Date Fair Value ($) Weighted Average Exercise Price ($) Weighted Average Remaining Life (Yrs) Options outstanding, December 31, 2017 2,900,000 0.10 0.10 9.3 Granted 500,000 0.55 0.64 8.8 Exercised - - - - Forfeited - - - - Options outstanding, September 30, 2018 3,400,000 0.17 0.18 9.0 Options exercisable, September 30, 2018 880,553 0.15 0.21 8.7

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2018
Subsequent Events [Abstract]
Subsequent Events	10. SUBSEQUENT EVENTS On October 19, 2018, the Company, through its wholly-owned subsidiary, ICOx USA, Inc. (“ICOx USA”), entered into a master services agreement with BitRail, LLC (“BitRail”) to develop a blockchain-based payment processing application allowing the purchase and sale of cryptocurrencies (the “Payment Processing Application”) to be operated by BitRail Holdings, Inc. (“BitRail Holdings”), a company to be formed by BitRail. Under the terms of the master services agreement, ICOx USA initially agreed to provide the services relating to the development of a web-based payment processing platform enabled by blockchain for the purchase and use of cryptocurrencies. The fee for these services will be provided at ICOx USA’s cost plus approved expenses, up to a maximum of $2,000,000. In addition, BitRail agreed that it will be responsible for paying all expenses charged by third parties to ICOx USA or BitRail relating to the master services agreement. In addition, BitRail agreed to immediately form BitRail Holdings to conduct and operate the Payment Processing Application and the parties agreed that BitRail Holdings will initially have a board of five directors or managers, as applicable, three of which will be appointed by BilRail and two of which will be appointed by ICOx USA. In addition, the parties agreed that BitRail Holdings will issue warrants to ICOx USA allowing it to acquire up to 20% of ownership of BitRail Holdings for total consideration of $1, which warrants may be exercised by ICOx USA at any time in the future. Either ICOx USA or BitRail may terminate the master services agreement or any statement of work to be negotiated by the parties upon the provision of 30 days written notice to the other party, upon receipt of which, the non-terminating party may elect to immediately terminate the master services agreement or applicable statement of work. Upon such termination, ICOx USA will be entitled to no further compensation except for (i) any fees earned and out-of-pocket expenses incurred prior to the termination and (ii) any other amounts or consideration as set forth in any statement of work which are to be paid upon or regardless of such termination. On October 29, 2018, Ryde entered into amendment no. 3. Under the amendment no. 3, the Company agreed to provide to Ryde the services from October 1, 2018 to December 31, 2019 (the “2018-19 Services”) consisting of corporate development and governance, business development and technical services, business awareness services, financial and administrative services, and media management services. In addition, the Company agreed to provide to Ryde the monthly services from January 1, 2020 to December 31, 2020 (the “2020 Monthly Services”) consisting of board and corporate strategy management and board and corporate governance management. On November 5, 2018, the Company entered into five amendment agreements (each, an “Amendment Agreement”) with Oceanside Strategies Inc. (“Oceanside”), pursuant to which the Company and Oceanside agreed to amend the terms of five previously issued convertible notes (each, a “Note”) outstanding in favor of Oceanside in the aggregate principal amount of $175,325. Pursuant to the Amendment Agreements, the parties agreed to: (i) reduce the interest payable to Oceanside under the Notes from 18.0% per annum to 8.0% per annum effective as of December 1, 2018, and (ii) make the interest payable only in cash on a quarterly basis commencing as of December 1, 2018. The Notes were issued on September 14, 2015 (with the principal amount of $73,825), December 30, 2016 (with the principal amount of $50,000), December 30, 2016 (with the principal amount of $21,500), March 2, 2017 (with the principal amount of $20,000), and June 8, 2017 (with the principal amount of $10,000).

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2018
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The interim condensed consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles (“GAAP”) in the United States of America.
Basis of Consolidation	Basis of Consolidation The interim condensed consolidated financial statements include the accounts of the Company and its subsidiary. All intercompany transactions and balances have been eliminated.
Unaudited Interim Financial Information	Unaudited Interim Financial Information The accompanying unaudited interim condensed consolidated financial statements and related notes have been prepared in accordance with U.S. GAAP for interim financial information, and with the rules and regulations of the United States Securities and Exchange Commission (the “SEC”) to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The unaudited interim condensed consolidated financial statements furnished reflect all adjustments (consisting of normal recurring accruals) which are, in the opinion of management, necessary to a fair statement of the results for the interim periods presented. Unaudited interim results are not necessarily indicative of the results for the full fiscal year. These unaudited interim condensed consolidated financial statements should be read in conjunction with the financial statements of the Company for the year ended December 31, 2017 and notes thereto contained in the information as part of the Company’s Annual Report on Form 10-K, which was filed with the SEC on April 2, 2018.
Use of Estimates	Use of Estimates The preparation of interim condensed consolidated financial statements in conformity with GAAP 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 consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates and these differences could be material.
Earnings Per Share	Earnings per Share The Company computes earnings (loss) per share in accordance with ASC 105, “Earnings per Share” which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic earnings (loss) per share is computed by dividing net loss available to common stockholders by the weighted average number of outstanding common shares during the period. Diluted earnings (loss) per share gives effect to all dilutive potential common shares outstanding during the period. At September 30, 2018, common shares from the conversion of debt (11,760,208 shares) (Note 3) and exercise of stock options (880,553 shares) (Note 9) have been excluded as their effect is anti-dilutive. At September 30, 2017, common shares from the conversion of debt (7,159,969 shares) and exercise of stock options (nil) have been excluded as their effect is anti-dilutive.
Revenue Recognition	Revenue Recognition Revenue is recognized in accordance with FASB ASC Topic 606, Revenue Recognition. The Company primarily generates revenues from professional services consulting agreements. These arrangements are generally entered into on a contingent fee basis. There is no prepayment or retainer required prior to performing services and the entire fees is earned on a contingent basis. The Company also provides monthly post-business launch support services. The recurring monthly post-business launch support services are recognized as revenue each month that the subscription is maintained. The Company generally enters into arrangements for which revenues are contingent upon achieving a pre-determined deliverable or future outcome. Any contingent revenue for these arrangements is not recognized until the contingency is resolved and collectability is reasonably assured. Differences between the timing of billings and the recognition of revenue are recognized as either unbilled revenue (a component of accounts receivable) or deferred revenue on the consolidated balance sheet. Revenues recognized for services performed but not yet billed to clients are recorded as unbilled revenue. Reimbursable expenses, including those relating to travel, other out-of-pocket expenses and any third-party costs, are included as a component of revenues. Typically, an equivalent amount of reimbursable expenses are included in total direct client service costs. Taxes collected from customers and remitted to governmental authorities are presented in the statement of operations on a net basis.
Service Costs	Service costs The Company’s policy is to defer direct service costs that relate to the earning of contingent fee revenue. These deferred costs are expensed when the contingent fee revenue is recognized or when the earning the contingent fee revenue is in doubt.
Reclassification	Reclassification Certain reclassifications have been made to the 2017 financial statements in order for them to conform to the 2018 presentation. Such reclassifications have no impact on the Company’s financial position or results or operations.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements Statement of Cash Flows (ASU 2016-15) This update provides specific guidance to clarify how entities should classify certain cash receipts and cash payments on the statement of cash flows. The update also clarifies the application of the predominance principle when cash receipts and cash payments have aspects of more than one class of cash flows. The Company adopted this standard effective January 1, 2018. The adoption of this update had no material effect on our financial statements. Financial Instruments – Recognition and Measurement (ASU 2016-01) This update retains the current accounting for classifying and measuring investments in debt securities and loans, but requires equity investments to be measured at fair value with subsequent changes recognized in net income, except for those accounted for under the equity method or requiring consolidation. The Company adopted this standard effective January 1, 2018. The adoption of this update had no material effect on our financial statements.
Future Accounting Pronouncements	Future Accounting Pronouncements Leases (ASU 2016-02) In February 2016, the FASB issued new guidance, ASU No. 2016-02, Leases (Topic 842). The main difference between current U.S. GAAP and the new guidance is the recognition of lease liabilities based on the present value of remaining lease payments and corresponding lease assets for operating leases under current U.S. GAAP with limited exception. Additional qualitative and quantitative disclosures are also required by the new guidance. Topic 842 is effective for annual reporting periods (including interim reporting periods) beginning after December 15, 2018. Early adoption is permitted. The Company is in the process of evaluating the amendments to determine if they have a material impact on the Company’s financial position, results of operations, cash flows or disclosures. In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses of Financial Instruments

Notes Payable (Tables)

Notes Payable (Tables)	9 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Schedule of Convertible Notes Outstanding	The Company has convertible notes outstanding as at September 30, 2018 and are as follows: Start Date Maturity Date Rate Principal Interest Total Note 1 (1) 09-14-2015 09-14-2020 18 % $ 73,825 $ 40,448 $ 114,273 Note 2 (1) 12-30-2016 12-30-2021 18 % 50,000 15,756 65,756 Note 3 (1) 12-30-2016 12-30-2021 18 % 21,500 6,775 28,275 Note 4 (1) 03-02-2017 03-02-2022 18 % 20,000 5,691 25,691 Note 5 (1) 06-08-2017 06-08-2022 18 % 10,000 2,362 12,362 Note 6 (2) 10-30-2017 10-30-2020 10 % 250,000 22,945 272,945 Note 7 (2) 10-30-2017 10-30-2020 10 % 75,000 6,884 81,884 Total $ 500,325 $ 100,861 $ 601,186 (1) (2) The balances of the convertible notes outstanding as at December 31, 2017 are as follows: Start Date Maturity Date Rate Principal Interest Total Note 1 (1) 09-14-2015 09-14-2020 18 % $ 73,825 $ 30,509 $ 104,334 Note 2 (1) 12-30-2016 12-30-2021 18 % 50,000 9,025 59,025 Note 3 (1) 12-30-2016 12-30-2021 18 % 21,500 3,880 25,380 Note 4 (1) 03-02-2017 03-02-2022 18 % 20,000 2,998 22,998 Note 5 (1) 06-08-2017 06-08-2022 18 % 10,000 1,016 11,016 Note 6 (2) 10-30-2017 10-30-2020 10 % 250,000 4,247 254,247 Note 7 (2) 10-30-2017 10-30-2020 10 % 75,000 1,274 76,274 Total $ 500,325 $ 52,949 $ 553,274
Schedule of Convertible Notes	Based upon the balances as of September 30, 2018, the convertible notes and the related interest will come due in the following years: Principal Interest Total 2018 $ - $ - $ - 2019 - - - 2020 398,825 70,277 469,102 2021 71,500 22,531 94,031 2022 30,000 8,053 38,053 Total $ 500,325 $ 100,861 $ 601,186

Notes Receivable - Related Pa_2

Notes Receivable - Related Party (Tables)	9 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Schedule of Notes Receivable	Effective Date Maturity Date Rate Principal Interest Total Note 1 07-09-2018 03-09-2018 2 % $ 750,000 $ 3,411 $ 753,411 Note 2 (1) 07-27-2018 03-27-2018 12 % 500,000 8,351 508,351 Total $ 1,250,000 $ 11,762 $ 1,261,762 (1)

Commitments (Tables)

Commitments (Tables)	9 Months Ended
	Sep. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Lease Payments	The following are the future minimum lease payments as at September 30, 2018: Total 2018 $ 49,500 2019 198,000 2020 33,000 Total $ 280,500

Related Party Transactions (Tab

Related Party Transactions (Tables)	9 Months Ended
	Sep. 30, 2018
Related Party Transactions [Abstract]
Schedule of Future Minimum Payments	Future minimum payments per the agreement are: 2018 $ 315,000 2019 1,050,000 Total $ 1,365,000

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2018
Retirement Benefits [Abstract]
Schedule of Assumption Used	Stock options granted are valued at the fair value calculation based off the Black-Scholes valuation model. The weighted average assumptions used in the calculation are as follows: Nine Months Ended September 30, 2018 2017 Share price $ 0.60 N/A Exercise price $ 0.60-1.00 N/A Time to maturity (years) 2-10 N/A Risk-free interest rate 2.61%-3.11 % N/A Expected volatility 50.48%-192.68 % N/A Dividend per share $ 0.00 N/A Forfeiture rate Nil N/A
Schedule of Stock Option Activity	Number of Options Weighted Average Grant-Date Fair Value ($) Weighted Average Exercise Price ($) Weighted Average Remaining Life (Yrs) Options outstanding, December 31, 2017 2,900,000 0.10 0.10 9.3 Granted 500,000 0.55 0.64 8.8 Exercised - - - - Forfeited - - - - Options outstanding, September 30, 2018 3,400,000 0.17 0.18 9.0 Options exercisable, September 30, 2018 880,553 0.15 0.21 8.7

Nature and Continuance of Ope_2

Nature and Continuance of Operations (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2018	Dec. 31, 2017
State or country of incorporation	Nevada
Date of incorporation	Jul. 20, 2010
Common stock, shares authorized	75,000,000	75,000,000
Common stock, par value	$ 0.001	$ 0.001
Accumulated deficit	$ 3,678,028	$ 693,008
Private Placement [Member]
Aggregate of subscription receipts	9,113,659
Price per subscription	$ 0.60
Aggregate gross proceeds subscription receipts	$ 5,468,195

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details Narrative) - shares	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Conversion of Debt [Member]
Anti-dilutive shares	11,760,208	7,159,969
Exercise of Stock Options [Member]
Anti-dilutive shares	880,553

Notes Payable - Schedule of Con

Notes Payable - Schedule of Convertible Notes Outstanding (Details) - USD ($)		9 Months Ended	12 Months Ended
		Sep. 30, 2018	Dec. 31, 2017
Principal		$ 1,250,000
Convertible notes		$ 601,186
Convertible Notes Payable One [Member]
Start date	[1]	Sep. 14, 2015	Sep. 14, 2015
Maturity date	[1]	Sep. 14, 2020	Sep. 14, 2020
Rate	[1]	18.00%	18.00%
Principal	[1]	$ 73,825	$ 73,825
Interest		40,448	30,509
Convertible notes	[1]	$ 114,273	$ 104,334
Convertible Notes Payable Two [Member]
Start date	[1]	Dec. 30, 2016	Dec. 30, 2016
Maturity date	[1]	Dec. 30, 2021	Dec. 30, 2021
Rate	[1]	18.00%	18.00%
Principal	[1]	$ 50,000	$ 50,000
Interest		15,756	9,025
Convertible notes	[1]	$ 65,756	$ 59,025
Convertible Notes Payable Three [Member]
Start date	[1]	Dec. 30, 2016	Dec. 30, 2016
Maturity date	[1]	Dec. 30, 2021	Dec. 30, 2021
Rate	[1]	18.00%	18.00%
Principal	[1]	$ 21,500	$ 21,500
Interest		6,775	3,880
Convertible notes	[1]	$ 28,275	$ 25,380
Convertible Notes Payable Four [Member]
Start date	[1]	Mar. 2, 2017	Mar. 2, 2017
Maturity date	[1]	Mar. 2, 2022	Mar. 2, 2022
Rate	[1]	18.00%	18.00%
Principal	[1]	$ 20,000	$ 20,000
Interest		5,691	2,998
Convertible notes	[1]	$ 25,691	$ 22,998
Convertible Notes Payable Five [Member]
Start date	[1]	Jun. 8, 2017	Jun. 8, 2017
Maturity date	[1]	Jun. 8, 2022	Jun. 8, 2022
Rate	[1]	18.00%	18.00%
Principal	[1]	$ 10,000	$ 10,000
Interest		2,362	1,016
Convertible notes	[1]	$ 12,362	$ 11,016
Convertible Notes Payable Six [Member]
Start date	[2]	Oct. 30, 2017	Oct. 30, 2017
Maturity date	[2]	Oct. 30, 2020	Oct. 30, 2020
Rate	[2]	10.00%	10.00%
Principal	[2]	$ 250,000	$ 250,000
Interest		22,945	4,247
Convertible notes	[2]	$ 272,945	$ 254,247
Convertible Notes Payable Seven [Member]
Start date	[2]	Oct. 30, 2017	Oct. 30, 2017
Maturity date	[2]	Oct. 30, 2020	Oct. 30, 2020
Rate	[2]	10.00%	10.00%
Principal	[2]	$ 75,000	$ 75,000
Interest		6,884	1,274
Convertible notes	[2]	81,884	76,274
Convertible Notes Payable [Member]
Principal		500,325	500,325
Interest		100,861	52,949
Convertible notes		$ 601,186	$ 553,274
[1]	The note may be converted into shares of common stock of the Company at a conversion price of $0.03 per share.
[2]	The note may be converted into shares of common stock of the Company at a conversion price of $0.10 per share.

Notes Payable - Schedule of C_2

Notes Payable - Schedule of Convertible Notes Outstanding (Details) (Parenthetical) - $ / shares	Sep. 30, 2018	Dec. 31, 2017
Convertible Notes Payable One [Member]
Conversion price per share	$ 0.03	$ 0.03
Convertible Notes Payable Two [Member]
Conversion price per share	0.03	0.03
Convertible Notes Payable Three [Member]
Conversion price per share	0.03	0.03
Convertible Notes Payable Four [Member]
Conversion price per share	0.03	0.03
Convertible Notes Payable Five [Member]
Conversion price per share	0.03	0.03
Convertible Notes Payable Six [Member]
Conversion price per share	0.10	0.10
Convertible Notes Payable Seven [Member]
Conversion price per share	$ 0.10	$ 0.10

Notes Payable - Schedule of C_3

Notes Payable - Schedule of Convertible Notes (Details) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Principal	$ 500,325	$ 500,325
Interest	100,861	$ 52,949
Total	601,186
2018 [Member]
Principal
Interest
Total
2019 [Member]
Principal
Interest
Total
2020 [Member]
Principal	398,825
Interest	70,277
Total	469,102
2021 [Member]
Principal	71,500
Interest	22,531
Total	94,031
2022 [Member]
Principal	30,000
Interest	8,053
Total	$ 38,053

Loans Payable - Related Party (

Loans Payable - Related Party (Details Narrative) - USD ($)	Apr. 13, 2018	Mar. 27, 2018	Mar. 13, 2018	Sep. 30, 2018	Sep. 30, 2017	Jun. 12, 2018	Jun. 04, 2018	Jun. 01, 2018	Dec. 31, 2017
Debt principal amount				$ 1,250,000
Repayment of principal amount				400,000
Accrued interest				$ 100,861					$ 52,949
Loan Agreement [Member] | Michael Blum [Member]
Advance from related party			$ 100,000
Debt principal amount			$ 100,000
Debt, term			6 months
Rate of interest			12.00%
Repayment of principal amount			$ 100,000
Debt instrument, description			We are entitled to repay the whole or any portion of the principal amount of $100,000, plus accrued interest on the portion of the principal amount of $100,000 being repaid, at any time. The loan agreement provides that we must, within five days of the release of funds to us from our private placement of subscription receipts that closed in March 2018, repay the principal amount of $100,000 plus accrued interest in full.
Accrued interest								$ 2,630
Loan Agreement [Member] | Greg Burnett [Member]
Advance from related party		$ 100,000
Debt principal amount		$ 100,000
Debt, term		6 months
Rate of interest		12.00%
Repayment of principal amount		$ 100,000
Debt instrument, description		We are entitled to repay the whole or any portion of the principal amount of $100,000, plus accrued interest on the portion of the principal amount of $100,000 being repaid, at any time. The loan agreement provides that we must, within five days of the release of funds to us from our private placement of subscription receipts that closed in March 2018, repay the principal amount of $100,000 plus accrued interest in full.
Accrued interest							$ 2,269
Loan Agreement [Member] | Lender [Member]
Advance from related party	$ 200,000
Debt principal amount	$ 200,000
Debt, term	6 months
Rate of interest	12.00%
Repayment of principal amount	$ 200,000
Debt instrument, description	We are entitled to repay the whole or any portion of the principal amount of $200,000, plus accrued interest on the portion of the principal amount of $200,000 being repaid, at any time.
Accrued interest						$ 3,090

Notes Receivable - Related Pa_3

Notes Receivable - Related Party (Details Narrative) - USD ($)	Jul. 27, 2018	Jul. 09, 2018	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Debt principal amount			$ 1,250,000		$ 1,250,000
Interest earned			$ 11,762		11,960
Loan Agreement [Member]
Interest earned					8,351
Loan Agreement [Member] | Ryde Holding Inc. [Member]
Debt principal amount	$ 500,000	$ 750,000
Rate of interest	12.00%	2.00%
Default rate of interest	18.00%	10.00%
Debt instrument, description	This loan is unsecured, will mature on the earlier of eight (8) months from the date of issuance or the closing by Ryde of a minimum of $4,250,000 in financings, in the aggregate, whether through the sale of KodakCoins, equity, or otherwise and will bear interest at the rate of 12% interest per annum.	The principal amount of the loan, any accrued and unpaid interest thereon, and any other amounts owing under the loan maters on the earlier of (i) March 9, 2019 and (ii) the closing by Ryde of a minimum of $3,000,000 in financings, in the aggregate, whether through the sale of KodakCoins, equity or otherwise.
Proceeds from related party debt	$ 4,250,000	$ 3,000,000
Interest earned					$ 3,411

Notes Receivable - Related Pa_4

Notes Receivable - Related Party - Schedule of Notes Receivable (Details)	9 Months Ended
	Sep. 30, 2018USD ($)
Principal	$ 1,250,000
Interest	11,762
Total	$ 1,261,762
Notes Receivable One [Member]
Effective Date	Jul. 9, 2018
Maturity Date	Mar. 9, 2018
Rate	2.00%
Principal	$ 750,000
Interest	3,411
Total	$ 753,411
Notes Receivable Two [Member]
Effective Date	Jul. 27, 2018	[1]
Maturity Date	Mar. 27, 2018	[1]
Rate	12.00%	[1]
Principal	$ 500,000	[1]
Interest	8,351	[1]
Total	$ 508,351	[1]
[1]	The $500,000 was issued in four tranches and the interest is calculated based on the dates that those tranches were issued.

Notes Receivable - Related Pa_5

Notes Receivable - Related Party - Schedule of Notes Receivable (Details) (Parenthetical)	Sep. 30, 2018USD ($)
Interest	$ 11,762
Notes Receivable Two [Member]
Interest	8,351	[1]
Notes Receivable Two [Member] | Four Tranche [Member]
Interest	$ 500,000
[1]	The $500,000 was issued in four tranches and the interest is calculated based on the dates that those tranches were issued.

Commitments (Details Narrative)

Commitments (Details Narrative)	May 01, 2018USD ($)
Commitments and Contingencies Disclosure [Abstract]
Lease commitment amount	$ 16,500

Commitments - Schedule of Futur

Commitments - Schedule of Future Minimum Lease Payments (Details)	Sep. 30, 2018USD ($)
Commitments and Contingencies Disclosure [Abstract]
2,018	$ 49,500
2,019	198,000
2,020	33,000
Total	$ 280,500

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	Jun. 26, 2018	Dec. 29, 2017	Oct. 31, 2017	Sep. 30, 2018	Dec. 31, 2017
Other payables to related parties				$ 50,520
Payments for development and technical services		$ 250,000
Services fee					$ 500,000
Business Instincts Group Inc [Member]
Ownership percentage				10.00%
Blockchain Merchant Group, Inc [Member]
Ownership percentage				2.50%
WENN Digital Inc. [Member]
Ownership percentage				7.50%
First Client Agreement [Member]
Repayments to related party debt	$ 105,000
Payments for signing bonus	280,000
Initial payments for agreement			$ 50,000
Business Services Agreement [Member] | Ryde Holding Inc. [Member]
Payments for development and technical services				$ 1,100,000
Services fee				35,000
Minimum aggregate amount				$ 12,000,000
Description on related party				The Company will not provide any services related to any financings to be conducted by Ryde. The Company will also receive 20 million tokens based upon 100 million tokens issued, which number will be increased on a pro rata basis, if at any time, Ryde issues more than 100 million tokens (the “Token Fee”). The Token Fee has been previously earned and will be issued in connection with the first release of any tokens to any party.
Chairman Director Officer and Shareholder [Member]
Percentage for services			30.50%
Repayments to related party debt			$ 35,000
Payments for signing bonus			100,000
Payment for equity financing			50,000
Chairman Director Officer and Shareholder [Member] | Maximum [Member]
Payment for equity financing			$ 750,000
Two Additional Clients [Member] | First Client Agreement [Member]
Payments for signing bonus	$ 140,000

Related Party Transactions - Sc

Related Party Transactions - Schedule of Future Minimum Payments (Details)	Sep. 30, 2018USD ($)
Related Party Transactions [Abstract]
2,018	$ 315,000
2,019	1,050,000
Total	$ 1,365,000

Share Capital (Details Narrativ

Share Capital (Details Narrative) - Private Placements [Member] - USD ($)	Mar. 19, 2018	Mar. 12, 2018
Aggregate of subscription receipts	9,113,659	9,113,659
Price per subscription	$ 0.60	$ 0.60
Aggregate gross proceeds subscription receipts	$ 5,468,195	$ 5,468,195
Cash finder's fees	$ 29,400	$ 29,400
Number of common stock shares issued	160,865	160,865
Shares issued price per share	$ 0.60	$ 0.60
Shares issuable upon conversion of the subscription receipts, percentage	50.00%	50.00%

Stock-Based Compensation (Detai

Stock-Based Compensation (Details Narrative) - $ / shares	Aug. 15, 2018	Jun. 08, 2018	Jun. 07, 2018	May 17, 2018	Feb. 16, 2018	Feb. 09, 2018	Sep. 30, 2018	Dec. 31, 2017	Jan. 22, 2018
Number of stock options granted							500,000
Stock options exercise price							$ 0.21
Number of options exercisable during period							880,553
Tranche One [Member]
Number of options exercisable during period				2,778
Tranche Two [Member]
Number of options exercisable during period				2,778
Tranche Three [Member]
Number of options exercisable during period				2,770
Director [Member]
Number of stock options granted			100,000	100,000		100,000
Stock options exercise price			$ 0.60	$ 0.60		$ 0.60
Stock options exercisable term			10 years	10 years		10 years
Exercisable term				Apr. 17, 2021
Director [Member] | Tranche One [Member]
Number of options exercisable during period			33,333.3			33,333.3
Director [Member] | Tranche Two [Member]
Number of options exercisable during period			33,333.3			33,333.3
Director [Member] | Tranche Three [Member]
Number of options exercisable during period			33,333.4			33,333.4
Two Consultants [Member]
Number of stock options granted					75,000
Stock options exercise price					$ 0.60
Stock options exercisable term					10 years
Two Consultants [Member] | Tranche One [Member]
Number of options exercisable during period					25,000
Two Consultants [Member] | Tranche Two [Member]
Number of options exercisable during period					25,000
Two Consultants [Member] | Tranche Three [Member]
Number of options exercisable during period					25,000
One Consultants [Member]
Number of stock options granted	50,000	75,000
Stock options exercise price	$ 1	$ 0.60
Stock options exercisable term	2 years	10 years
One Consultants [Member] | Tranche One [Member]
Number of options exercisable during period		25,000
One Consultants [Member] | Tranche Two [Member]
Number of options exercisable during period		25,000
One Consultants [Member] | Tranche Three [Member]
Number of options exercisable during period		25,000
2017 Equity Incentive Plan [Member]
Description on equity incentive plan							The terms of the Plan provide that our board of directors may grant options to acquire common shares of the Company at not less than 100% of the greater of: (i) the fair market value of the shares underlying the options on the grant date and (ii) the fair market value of the shares underlying the options on the date preceding the grant date at terms of up to ten years.
Number of options available for grant								3,000,000
Number of stock options granted							3,400,000	2,900,000
Number of stock options unissued							500,000	100,000
2017 Equity Incentive Plan [Member] | Maximum [Member]
Number of options available for grant									3,900,000
2017 Equity Incentive Plan [Member] | Director [Member]
Ownership acquire percentage							100.00%

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Assumption Used (Details) - $ / shares	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Share price	$ 0.60
Exercise price
Time to maturity (years)		0 years
Risk-free interest rate		0.00%
Expected volatility		0.00%
Dividend per share	$ 0
Forfeiture rate	0.00%	0.00%
Minimum [Member]
Exercise price	$ 0.60
Time to maturity (years)	2 years
Risk-free interest rate	2.61%
Expected volatility	50.48%
Maximum [Member]
Exercise price	$ 1
Time to maturity (years)	10 years
Risk-free interest rate	3.11%
Expected volatility	192.68%

Stock-Based Compensation - Sc_2

Stock-Based Compensation - Schedule of Stock Option Activity (Details)	9 Months Ended
	Sep. 30, 2018$ / sharesshares
Retirement Benefits [Abstract]
Number of Options, Outstanding Beginning Balance | shares	2,900,000
Number of Options, Granted | shares	500,000
Number of Options, Exercised | shares
Number of Options, Forfeited | shares
Number of Options, Outstanding Ending Balance | shares	3,400,000
Number of Options, Options Exercisable, Ending Balance | shares	880,553
Weighted Average Grant-Date Fair Value, Options Outstanding, Beginning Balance	$ 0.10
Weighted Average Grant-Date Fair Value, Granted	0.55
Weighted Average Grant-Date Fair Value, Exercised
Weighted Average Grant-Date Fair Value, Forfeited
Weighted Average Grant-Date Fair Value, Options Outstanding, Ending balance	0.17
Weighted Average Grant-Date Fair Value, Options Exercisable, Ending balance	0.15
Weighted Average Exercise Price, Options Outstanding, Beginning Balance	0.10
Weighted Average Exercise Price, Granted	0.64
Weighted Average Exercise Price, Exercised
Weighted Average Exercise Price, Forfeited
Weighted Average Exercise Price, Options Outstanding, Ending balance	0.18
Weighted Average Exercise Price, Options Exercisable, Ending balance	$ 0.21
Weighted Average Remaining Life (Yrs), Options Outstanding, Beginning Balance	9 years 3 months 19 days
Weighted Average Remaining Life (Yrs), Granted	8 years 9 months 18 days
Weighted Average Remaining Life (Yrs), Options Outstanding, Ending Balance	9 years
Weighted Average Remaining Life (Yrs), Options Exercisable	8 years 8 months 12 days

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - USD ($)	Nov. 05, 2018	Oct. 19, 2018	Dec. 01, 2018	Sep. 30, 2018
Debt principal amount				$ 1,250,000
Subsequent Event [Member] | Master Services Agreement [Member] | BitRail, LLC [Member]
Acquisition percentage		20.00%
Subsequent Event [Member] | Master Services Agreement [Member] | BitRail, LLC [Member] | Maximum [Member]
Service fees		$ 2,000,000
Consideration amount		$ 1
Subsequent Event [Member] | Amendment Agreement [Member] | Oceanside Strategies Inc. [Member]
Debt principal amount	$ 175,325
Interest percentage	18.00%		8.00%
Subsequent Event [Member] | Amendment Agreement [Member] | Oceanside Strategies Inc. [Member] | Convertible Note One [Member]
Debt principal amount	$ 73,825
Debt issuance date	Sep. 14, 2015
Subsequent Event [Member] | Amendment Agreement [Member] | Oceanside Strategies Inc. [Member] | Convertible Note Two [Member]
Debt principal amount	$ 50,000
Debt issuance date	Dec. 30, 2016
Subsequent Event [Member] | Amendment Agreement [Member] | Oceanside Strategies Inc. [Member] | Convertible Note Three [Member]
Debt principal amount	$ 21,500
Debt issuance date	Dec. 30, 2016
Subsequent Event [Member] | Amendment Agreement [Member] | Oceanside Strategies Inc. [Member] | Convertible Note Four [Member]
Debt principal amount	$ 20,000
Debt issuance date	Mar. 2, 2017
Subsequent Event [Member] | Amendment Agreement [Member] | Oceanside Strategies Inc. [Member] | Convertible Note Five [Member]
Debt principal amount	$ 10,000
Debt issuance date	Jun. 8, 2017