BIGtoken (BGTK) 10-Q 15 Nov 21 2021 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2021	Nov. 12, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2021
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2021
Current Fiscal Year End Date	--12-31
Entity File Number	000-55519
Entity Registrant Name	Force Protection Video Equipment Corp.
Entity Central Index Key	0001518720
Entity Tax Identification Number	45-1443512
Entity Incorporation, State or Country Code	FL
Entity Address, Address Line One	2629 Townsgate Road #215
Entity Address, City or Town	Westlake Village
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	91361
City Area Code	(714)
Local Phone Number	312-6844
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		226,828,797,262

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Current assets
Cash and cash equivalents	$ 257,000	$ 1,000
Accounts receivable, net	832,000	1,199,000
Prepaid expenses and other current assets	104,000	7,000
Due from parent company - SRAX	753,000
Total current assets	1,946,000	1,207,000
Property and equipment, net	33,000	1,000
Intangible assets, net	512,000	917,000
Goodwill	5,445,000	5,445,000
Total Assets	7,936,000	7,570,000
Current liabilities
Accounts payable and accrued liabilities	1,011,000	853,000
Other current liabilities	172,000	452,000
Total liabilities	1,183,000	1,305,000
Stockholders’ equity
Common stock, $0.00000001 par value, authorized 1,000,000,000,000 shares, 226,828,797,262 shares and 149,562,566,584 shares issued and outstanding, respectively	2,000	1,000
Additional paid-in capital	52,860,000	42,830,000
Accumulated deficit	(47,996,000)	(36,571,000)
Total stockholders’ equity	6,753,000	6,265,000
Total Liabilities and Stockholders’ Equity	7,936,000	7,570,000
Series A Preferred Stock [Member]
Stockholders’ equity
Preferred stock, value	5,000	5,000
Series B Preferred Stock [Member]
Stockholders’ equity
Preferred stock, value	1,050,000
Series C Preferred Stock [Member]
Stockholders’ equity
Preferred stock, value	$ 832,000

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2021	Dec. 31, 2020
Common Stock, Par or Stated Value Per Share	$ 0.00	$ 0.00
Common Stock, Shares Authorized	1,000,000,000,000	1,000,000,000,000
Common stock, shares issued	226,828,797,262	149,562,566,584
Common stock, shares outstanding	226,828,797,262	149,562,566,584
Series A, Redeemable Preferred Stock [Member]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares issued	5,000,000	5,000,000
Preferred stock, shares outstanding	5,000,000	5,000,000
Series B, Redeemable Preferred Stock [Member]
Preferred stock, par value	$ 100	$ 100
Preferred stock, shares authorized	60,000	60,000
Preferred stock, shares issued	10,500	0
Preferred stock, shares outstanding	10,500	0
Series C, Redeemable Preferred Stock [Member]
Preferred stock, par value	$ 100	$ 100
Preferred stock, shares authorized	8,318	8,318
Preferred stock, shares issued	8,318	0
Preferred stock, shares outstanding	8,318	0

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Income Statement [Abstract]
Revenues	$ 765,000	$ 576,000	$ 2,469,000	$ 1,146,000
Cost of revenues	207,000	229,000	715,000	491,000
Gross profit	558,000	347,000	1,754,000	655,000
Operating expenses
Employee related costs	947,000	554,000	2,649,000	3,630,000
Marketing and selling expenses	372,000	261,000	861,000	725,000
Platform costs	78,000	592,000	245,000	844,000
Depreciation and amortization	131,000	208,000	411,000	714,000
General and administrative expenses	1,089,000	222,000	3,153,000	1,593,000
Total operating expenses	2,617,000	1,837,000	7,319,000	7,506,000
Loss from operations	(2,059,000)	(1,490,000)	(5,565,000)	(6,851,000)
Other income (expense):
Financing costs		(2,009,000)		(3,624,000)
Change in fair value of derivative liabilities		(37,000)		218,000
Exchange gain		31,000		333,000
Total other income (expense)		(2,015,000)		(3,073,000)
Loss before provision for income taxes	(2,059,000)	(3,505,000)	(5,565,000)	(9,924,000)
Provision for income taxes
Net loss	(2,059,000)	(3,505,000)	(5,565,000)	(9,924,000)
Deemed dividend on series B convertible preferred stock			(5,860,000)
Loss attributable to common stockholders	$ (2,059,000)	$ (3,505,000)	$ (11,425,000)	$ (9,924,000)
Net loss per share, basic and diluted	$ 0	$ 0	$ 0	$ 0
Weighted average shares outstanding – basic and diluted	226,828,797,262	149,562,566,584	192,805,466,788	149,562,566,584

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)	Series A Preferred Stock [Member]Preferred Stock [Member]	Series B Preferred Stock [Member]Preferred Stock [Member]	Series C Preferred Stock [Member]Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Dec. 31, 2019	$ 5,000			$ 1,000	$ 26,837,000	$ (21,065,000)	$ 5,778,000
Balance, shares at Dec. 31, 2019	5,000,000			149,562,566,584
Net transfer from Parent					2,179,000		2,179,000
Net loss						(2,262,000)	(2,262,000)
Ending balance, value at Mar. 31, 2020	$ 5,000			$ 1,000	29,016,000	(23,327,000)	5,695,000
Balance, shares at Mar. 31, 2020	5,000,000			149,562,566,584
Beginning balance, value at Dec. 31, 2019	$ 5,000			$ 1,000	26,837,000	(21,065,000)	5,778,000
Balance, shares at Dec. 31, 2019	5,000,000			149,562,566,584
Net loss							(9,924,000)
Ending balance, value at Sep. 30, 2020	$ 5,000			$ 1,000	37,032,000	(30,989,000)	6,049,000
Balance, shares at Sep. 30, 2020	5,000,000			149,562,566,584
Beginning balance, value at Mar. 31, 2020	$ 5,000			$ 1,000	29,016,000	(23,327,000)	5,695,000
Balance, shares at Mar. 31, 2020	5,000,000			149,562,566,584
Net transfer from Parent					3,855,000		3,855,000
Net loss						(4,157,000)	(4,157,000)
Ending balance, value at Jun. 30, 2020	$ 5,000			$ 1,000	32,871,000	(27,484,000)	5,393,000
Balance, shares at Jun. 30, 2020	5,000,000			149,562,566,584
Net transfer from Parent					4,161,000		4,161,000
Net loss						(3,505,000)	(3,505,000)
Ending balance, value at Sep. 30, 2020	$ 5,000			$ 1,000	37,032,000	(30,989,000)	6,049,000
Balance, shares at Sep. 30, 2020	5,000,000			149,562,566,584
Beginning balance, value at Dec. 31, 2020	$ 5,000			$ 1,000	42,830,000	(36,571,000)	6,265,000
Balance, shares at Dec. 31, 2020	5,000,000			149,562,566,584
Issuance of Series B preferred stock for cash		$ 4,725,000					4,725,000
Issuance of Series B preferred stock for cash, shares		47,248
Series B preferred stock transferred to equity		$ 1,050,000					1,050,000
Series B preferred stock transferred to equity, shares		10,500
Shares issued for the acquisition			$ 832,000		(927,000)		(95,000)
Shares issued for the acquisition, shares			8,318	8,682,364,578
Beneficial conversion feature of series B convertible preferred stock					5,775,000		5,775,000
Deemed dividend on series B convertible preferred stock						(5,775,000)	(5,775,000)
Warrants issued to Parent					885,000		885,000
Assets Retained by Parent					(597,000)		(597,000)
Net loss						(1,521,000)	(1,521,000)
Ending balance, value at Mar. 31, 2021	$ 5,000	$ 5,775,000	$ 832,000	$ 1,000	47,966,000	(43,867,000)	10,712,000
Balance, shares at Mar. 31, 2021	5,000,000	57,748	8,318	158,244,931,162
Beginning balance, value at Dec. 31, 2020	$ 5,000			$ 1,000	42,830,000	(36,571,000)	6,265,000
Balance, shares at Dec. 31, 2020	5,000,000			149,562,566,584
Net loss							(5,565,000)
Ending balance, value at Sep. 30, 2021	$ 5,000	$ 1,050,000	$ 832,000	$ 2,000	52,860,000	(47,996,000)	6,753,000
Balance, shares at Sep. 30, 2021	5,000,000	10,500	8,318	226,828,797,262
Beginning balance, value at Mar. 31, 2021	$ 5,000	$ 5,775,000	$ 832,000	$ 1,000	47,966,000	(43,867,000)	10,712,000
Balance, shares at Mar. 31, 2021	5,000,000	57,748	8,318	158,244,931,162
Issuance of Series B preferred stock for cash		$ 85,000					85,000
Issuance of Series B preferred stock for cash, shares		850
Beneficial conversion feature of series B convertible preferred stock					85,000	(85,000)
Conversion of Series B preferred stock		$ (4,810,000)		$ 1,000	4,809,000
Conversion of Series B preferred stock, shares		(48,098)		68,583,866,100
Net loss						(1,985,000)	(1,985,000)
Ending balance, value at Jun. 30, 2021	$ 5,000	$ 1,050,000	$ 832,000	$ 2,000	52,860,000	(45,937,000)	8,812,000
Balance, shares at Jun. 30, 2021	5,000,000	10,500	8,318	226,828,797,262
Net loss						(2,059,000)	(2,059,000)
Ending balance, value at Sep. 30, 2021	$ 5,000	$ 1,050,000	$ 832,000	$ 2,000	$ 52,860,000	$ (47,996,000)	$ 6,753,000
Balance, shares at Sep. 30, 2021	5,000,000	10,500	8,318	226,828,797,262

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Cash Flows from Operating Activities
Net loss	$ (5,565,000)	$ (9,924,000)
Adjustments to reconcile net loss to net cash used in operating activities
Allocations of corporate overhead		6,423,000
Provision for bad debts		29,000
Amortization of intangibles	405,000	2,000
Depreciation expense	6,000	385,000
Realized gain on marketable securities		(333,000)
Changes in operating assets and liabilities
Accounts receivable	246,000	165,000
Prepaid expenses and other current assets	(97,000)	168,000
Accounts payable and accrued liabilities	158,000	(370,000)
Other current liabilities	(280,000)	(182,000)
Net Cash Used in Operating Activities	(5,127,000)	(3,637,000)
Cash Flows from Investing Activities
Net cash received from acquisition	955,000
Purchase of property and equipment	(38,000)
Proceeds from the sale of marketable securities		397,000
Purchase of software		(435,000)
Net Cash Provided by (Used in) Investing Activities	917,000	(38,000)
Cash Flows from Financing Activities
Proceeds from issuance of Series B preferred stock	4,810,000
Intercompany due to (from) SRAX, Inc.	(344,000)	3,766,000
Net Cash Provided by Financing Activities	4,466,000	3,766,000
Net increase in Cash	256,000	91,000
Cash, Beginning of Period	1,000	1,000
Cash, End of Period	257,000	92,000
Supplemental schedule of cash flow information
Cash paid for interest
Cash paid for taxes
Supplemental schedule of noncash investing and financing activities
Deemed dividend on series B convertible preferred stock	5,860,000
Conversion of Series B preferred stock	4,810,000
Fair value of warrants issued to SRAX, Inc. debenture holders	885,000
Assets Retained by Parent	597,000
Shares issued for the acquisition	$ 95,000

The Company and Basis Of Presen

The Company and Basis Of Presentation	9 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
The Company and Basis Of Presentation	NOTE 1 – The Company and Basis Of Presentation The Company Force Protection Video Equipment Corp., (“Company”) was incorporated on March 11, 2011, under the laws of the State of Florida. On February 4, 2021, the Company entered into a Share Exchange Agreement with SRAX, Inc. (“SRAX”). Pursuant to the Share Exchange Agreement, the Company acquired all of the outstanding capital stock of BIG Token, Inc. (“BIGtoken”) a wholly owned subsidiary and an operating segment of SRAX. See Note 2 – Acquisition for further information. BIGtoken is a data technology company offering tools and services to identify and reach consumers for the purpose of marketing and advertising communication. BIGtoken is located in Westlake Village, California. BIGtoken’s technologies assist its clients in: (i) identifying their core consumers and such consumers’ characteristics across various channels in order to discover new and measurable opportunities to maximize profits associated with advertising campaigns and (ii) gaining insight into the activities of their customers. BIGtoken derives its revenues from the sale of proprietary consumer data and sales of digital advertising campaigns. Reporting Entity Presentation The balance sheet as of December 31, 2020 and the condensed consolidated statement of operations for the three and nine months ended September 30, 2020 have been derived and carved out from the consolidated financial statements and accounting records of SRAX as if BIGtoken had operated on a standalone basis within the periods presented. In connection with the Share Exchange, certain assets and liabilities presented have been transferred to FPVD at carry-over (historical cost) basis. Balances contributed by SRAX on or before the completion of the Share Exchange were based on the master separation agreement between the Company and SRAX and related documents governing the contribution. SRAX’s initial net assets contributed were approximately $ 6,000,000 600,000 Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements and notes thereto are unaudited. The interim Unaudited Condensed Consolidated Financial Statements have been prepared in accordance with GAAP and pursuant to the rules and regulations of the SEC. Certain information and note disclosures normally included in the Company’s annual financial statements have been condensed or omitted. The December 31, 2020 Condensed Consolidated Balance Sheet data was derived from the Company’s audited condensed consolidated financial statements but does not include all disclosures required by GAAP. These interim unaudited condensed consolidated financial statements, in the opinion of management, reflect all normal recurring adjustments necessary for a fair presentation of the financial position, results of operations and cash flows for the interim three and nine-month periods ended September 30, 2021 and 2020. The results for the three and nine months ended September 30, 2021 are not necessarily indicative of the results to be expected for the full year ending December 31, 2021 or for any future period. These Unaudited Condensed Consolidated Financial Statements should be read in conjunction with our Audited Consolidated Financial Statements and the notes thereto for the year ended December 31, 2020, included in the Company’s annual report on Form 10-K filed with the SEC on April 15, 2021. Liquidity and Going Concern The Company has incurred significant losses since its inception and has not demonstrated an ability to generate sufficient revenues from the sales of its goods and services to achieved profitable operations. There can be no assurance that profitable operations will ever be achieved, or if achieved, could be sustained on a continuing basis. These factors create substantial doubt about the Company’s ability to continue as a going concern within one year after the date that the Unaudited Condensed Consolidated Financial Statements are issued. The Unaudited Condensed Consolidated Financial Statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. Accordingly, the Unaudited Condensed Consolidated Financial Statements have been prepared on a basis that assumes the Company will continue as a going concern and which contemplates the realization of assets and satisfaction of liabilities and commitments in the ordinary course of business. In making this assessment the Company performed a comprehensive analysis of its current circumstances including: its financial position as of September 30, 2021, its cash flow and cash usage forecasts for the period covering one-year from the issuance date of these Unaudited Condensed Consolidated Financial Statements and its current capital structure. The Company anticipate raising additional capital through the private and public sales of its equity or debt securities, or a combination thereof. Although management believes that such capital sources will be available, there can be no assurance that financing will be available to the Company when needed in order to allow us to continue our operations, or if available, on terms acceptable to the Company. In the event the Company is not able to raise additional capital, its operations may be materially impacted, and the Company will need to curtail operations. Covid-19 The ultimate impact of the COVID-19 pandemic on the operations of the Company continues to be unknown and will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the duration of the COVID-19 outbreak, new information which may emerge concerning the severity of the COVID-19 pandemic, and any additional preventative and protective actions that governments or the Company may direct, which may result in an extended period of continued business disruption, reduced customer traffic and reduced operations. Any resulting financial impact cannot be reasonably estimated at this time but may have a material impact on the Company’s business, financial condition and results of operations. The management of the Company continue to monitor the business environment for any significant changes that could impact their respective operations. The Company have taken proactive steps to manage costs and discretionary spending, such as remote working and reducing facility related expenses. Net Loss per Share We use Accounting Standards Codification (“ASC”) 260, “ Earnings Per Share Reclassification of Prior Year Presentation Certain prior year accounts have been reclassified for consistency with the current year presentation. These reclassifications had no effect on the reported results of operations. Recent Accounting Pronouncements Changes to accounting principles are established by the Financial Accounting Standards Board’s (“FASB”) in the form of Accounting Standards Update (“ASU”) to the FASB’s Codification. We consider the applicability and impact of all ASUs on our financial position, results of operations, cash flows, or presentation thereof. ASUs not listed below were assessed and determined to not be applicable to our financial position, results of operations, cash flows, or presentation thereof. In May 2021, the FASB issued ASU 2021-04, “Issuer’s Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Written Call Options.” The FASB is issuing this Update to clarify and reduce diversity in an issuer’s accounting for modifications or exchanges of freestanding equity-classified written call options (for example, warrants) that remain equity classified after modification or exchange. ASU 2021-04 is effective for all entities for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. An entity should apply the amendments prospectively to modifications or exchanges occurring on or after the effective date of the amendments. We are currently evaluating the impact of this guidance.

Acquisition

Acquisition	9 Months Ended
	Sep. 30, 2021
Business Combination and Asset Acquisition [Abstract]
Acquisition	NOTE 2 – Acquisition On February 4, 2021 (“Acquisition Date”), the Company completed a series of transactions as provided for in the share exchange agreement (“Exchange Agreement”) with SRAX (“Reverse Merger”). Pursuant to the Exchange Agreement, SRAX exchanged 100 % of the issued and outstanding shares of BIGtoken for 149,562,566,584 shares of the Company’s common stock and 5,000,000 shares of the Company’s series A preferred stock. The transaction has been accounted for as a reverse merger / reverse capitalization wherein the Company is the legal acquirer, but BIGtoken is the accounting acquirer. As such, for reporting purpose, as of December 31, 2020, the Company’s total shares outstanding were restated to reflect the 149,562,566,584 shares of common stock and 5,000,000 shares of series A preferred stock. On the Acquisition Date, the assets, liabilities, and net book value of FPVD were as follows: Schedule of Acquisition of Assets, Liabilities and Net Book Value Assets Cash $ 955,000 Liabilities Series B preferred stock $ 1,050,000 Net book value Series C preferred stock 832,000 Paid in capital (927,000 ) Net book value $ (95,000 ) The Company was authorized to issue up to 20,000,000 shares of series A preferred stock (“Series A Preferred”), $ 0.0001 par value, which was redeemable at the option of the holder, with no fixed redemption date. As of the Acquisition Date there were 5,000,000 shares issued and outstanding, all of which were owned by SRAX as the result of the merger. The Company was authorized to issue up to 8,318 shares of series C preferred stock (“Series C Preferred”) with a stated value of $ 100 . The Series C Preferred are convertible into 1,546,576 shares of common stock for each share of Series C Preferred or an aggregate of 12,864,419,313 shares of common stock. As of the Acquisition Date and September 30, 2021, there were 8,318 shares issued and outstanding. The Company was authorized to issue up to 1,000,000,000,000 0.00000001 149,562,566,584 226,828,797,262

Other Current Liabilities

Other Current Liabilities	9 Months Ended
	Sep. 30, 2021
Other Liabilities Disclosure [Abstract]
Other Current Liabilities	NOTE 3 – Other Current Liabilities BIGtoken Point liability In 2019, BIGtoken launched the BIGtoken consumer data management platform, where registered users are rewarded for undertaking actions and sharing data within the platform. The business is currently based on a platform of registered users, developed as a direct-to-consumer data marketplace where users are paid for their data. During the year ended December 31, 2019, BIGtoken instituted a policy that allows BIGtoken users to redeem outstanding BIGtoken points for cash if their account and point balances meet certain criteria. As of September 30, 2021 and December 31, 2020, BIGtoken has estimated the future liability for point redemptions to be $ 172,000 452,000 BIGtoken utilizes an account scoring system that evaluates a number of factors in determining an account’s redemption eligibility. These factors include an evaluation of the following: the infrastructure utilized by the user when engaging with BIGtoken’s systems, the user’s geographical associations, consistency, and verifiability of the user’s data.

Stockholders_ Equity

Stockholders’ Equity	9 Months Ended
	Sep. 30, 2021
Equity [Abstract]
Stockholders’ Equity	NOTE 4 – Stockholders’ Equity Series B Preferred Stock On March 12, 2021 (“Closing Date”), the Company entered into a Securities Purchase Agreements (“SPA”) and Registration Rights Agreements (“RRA”) with accredited investors pursuant to which investors purchased 47,248 shares of Series B Preferred Stock (“Series B Stock”) for an aggregate of $ 4,725,000 or $ 100 per share (the “Offering”). The Company had previously closed on 10,500 shares of Series B Stock or $ 1,050,000 in October of 2020. On April 12, 2021, the Company closed on an additional issuance of 850 shares of Series B Stock for an aggregate of $ 85,000 or $ 100 per share. On May 11, 2021, 48,098 shares of Series B Stock were converted into 68,583,866,100 shares of common stock, which does not include the conversion of the 10,500 shares of Series B Stock acquired in the Company acquisition, with conversion price of $ 0.0000007013 . As of September 30, 2021, there were 10,500 shares of Series B Stock outstanding. Pursuant to the terms of the Company’s Certificate of Designation of Preferences, Rights and Limitations of Series B Preferred Stock (“COD”), (i) each share of Series B Stock has a stated value of $100, (ii) the Series B Stock accrues a 5% dividend beginning one year after the original issue date and thereafter on a quarterly basis, (iii) the Series B Stock has no voting rights, except as required by law, and (iv) the Series B Stock has no liquidation preference over the Company’s Common Stock. Additionally, the Series B Stock converts into Common Stock (i) at the election of the holder at any time at a price equal to $15,000,000 divided by the fully diluted outstanding securities of the Company at the time of conversion (“Standard Conversion Price”) or (ii) automatically upon the completion of an offering of $5,000,000 or more (“Qualified Offering”) at the lower of (a) the Standard Conversion Price or (b) eighty percent (80%) of the lowest per share purchase price of Common Stock in such Qualified Offering (“Qualified Offering Conversion Price”). As a result of being oversubscribed, the Offering met the conditions of a Qualified Financing and as a result the Company issued a total of 68,583,866,100 5,860,000 47,248 10,500 48,098 Common Stock Warrants As part of SRAX’s convertible debenture offering in June 2020, SRAX negotiated the ability to release the BIGtoken business as collateral for the repayment of the debentures. As consideration for the release, SRAX agreed to require the Company to issue warrants in the new entity. The warrants were to represent 13 25,568,064,462 885,000 3 92.30 18 0.00006552 Other Equity-related Transactions Amendment of Articles of Incorporation Effective April 15, 2021, the Company further amended its articles of incorporation to reduce the par value of the Company’s common stock from $ 0.0001 to $ 0.00000001 per share. As such, the par value of common stock as of September 30, 2021 and December 31, 2020 were restated to reflect the new par value. FPVD CEO Termination On May 15, 2021, the employment of the Company’s CEO was terminated. As a result of the termination, (i) all previously issued stock-based equity awards to the previous CEO have been cancelled and (ii) and no further compensation is due and payable to the CEO.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2021
Subsequent Events [Abstract]
Subsequent Events	NOTE 5 – Subsequent Events The Company has evaluated all events that occurred after the balance sheet date through the date when the financial statements were issued to determine if they must be reported. The following are the events after the reporting period: FPVD merger with BritePool On September 27, 2021, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with BritePool, Inc., a Delaware corporation (“BritePool”), FPVD Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of SRAX (“Merger Sub”), and certain other parties. Upon the terms and subject to the satisfaction of the conditions described in the Merger Agreement, Merger Sub will be merged with and into BritePool (the “Merger”), with BritePool surviving the Merger as a wholly owned subsidiary of the Company. The Merger is intended to qualify as a tax-free reorganization for U.S. federal income tax purposes. The Company anticipates that the Merger will close during the fourth quarter of 2021 subject certain closing conditions. Upon the closing of the Merger: (a) Each share of BritePool’s Class A and Class B common stock (“BritePool Common Stock”) outstanding immediately prior to the closing of the Merger (“Effective Time”), other than certain excluded shares, will be automatically converted solely into the right to receive a number of shares of the Company’s common stock (“Company Common Stock”) equal to the Exchange Ratio defined below (with fractional shares rounded up or down to the nearest whole number). (b) Each option to purchase shares of BritePool Common Stock (each, a “BritePool Option”) that is outstanding and unexercised immediately prior to the Effective Time will be converted into and become an option to purchase shares of Company Common Stock (the “Assumed Options”). The number of shares of Company Common Stock subject to each Assumed Option will be determined by multiplying (i) the number of shares of BritePool Common Stock that were subject to such BritePool Option, as in effect immediately prior to the Effective Time, by (ii) the Exchange Ratio, and rounding the resulting number down to the nearest whole number of shares, and the per share exercise price for the Company Common Stock issuable upon exercise of each Assumed Option will be determined by dividing (A) the per share exercise price of such BritePool Option, as in effect immediately prior to the Effective Time, by (B) the Exchange Ratio and rounding the resulting per share exercise price up to the nearest one ten millionth of a cent ($0.0000001). Any restriction on the exercise of any BritePool Option will continue in full force and effect and the term, exercisability, vesting schedule, accelerated vesting provisions, and any other provisions of such BritePool Option will otherwise remain unchanged.

Acquisition (Tables)

Acquisition (Tables)	9 Months Ended
	Sep. 30, 2021
Business Combination and Asset Acquisition [Abstract]
Schedule of Acquisition of Assets, Liabilities and Net Book Value	On the Acquisition Date, the assets, liabilities, and net book value of FPVD were as follows: Schedule of Acquisition of Assets, Liabilities and Net Book Value Assets Cash $ 955,000 Liabilities Series B preferred stock $ 1,050,000 Net book value Series C preferred stock 832,000 Paid in capital (927,000 ) Net book value $ (95,000 )

The Company and Basis Of Pres_2

The Company and Basis Of Presentation (Details Narrative) - USD ($)	Sep. 30, 2021	Feb. 02, 2021	Dec. 31, 2020
Assets	$ 7,936,000		$ 7,570,000
Accounts receivable	$ 832,000		$ 1,199,000
SRAX Inc [Member]
Assets		$ 6,000,000
Accounts receivable		$ 600,000

Schedule of Acquisition of Asse

Schedule of Acquisition of Assets, Liabilities and Net Book Value (Details)	Feb. 04, 2021USD ($)
Business Combination and Asset Acquisition [Abstract]
Cash	$ 955,000
Series B preferred stock	1,050,000
Series C preferred stock	832,000
Paid in capital	(927,000)
Net book value	$ (95,000)

Acquisition (Details Narrative)

Acquisition (Details Narrative) - $ / shares	Feb. 04, 2021	Sep. 30, 2021	Apr. 15, 2021	Dec. 31, 2020	Apr. 14, 2020
Business Acquisition [Line Items]
Common stock, shares outstanding	149,562,566,584	226,828,797,262		149,562,566,584
Common stock, shares issued	149,562,566,584	226,828,797,262		149,562,566,584
Common Stock, Shares Authorized		1,000,000,000,000		1,000,000,000,000
Common Stock, Par or Stated Value Per Share		$ 0.00	$ 0.00	$ 0.00	$ 0.0001
Common Stock [Member]
Business Acquisition [Line Items]
Conversion of Stock, Shares Converted		12,864,419,313
Series A Preferred Stock [Member]
Business Acquisition [Line Items]
Preferred Stock, Shares Outstanding	5,000,000
Series A Preferred Stock [Member] | Holder [Member]
Business Acquisition [Line Items]
Preferred Stock, Shares Authorized		20,000,000
Preferred Stock, Par or Stated Value Per Share		$ 0.0001
Series C Preferred Stock [Member]
Business Acquisition [Line Items]
Preferred Stock, Shares Authorized		8,318
Preferred Stock, Par or Stated Value Per Share		$ 100
Preferred Stock, Shares Outstanding		8,318
Conversion of Stock, Shares Converted		1,546,576
Share Exchange Agreement [Member]
Business Acquisition [Line Items]
[custom:PercentageOfIssuedAndOutstandingStock-0]	100.00%
Share Exchange Agreement [Member] | Series A Preferred Stock [Member]
Business Acquisition [Line Items]
[custom:NumberOfCommonStockReceived]	5,000,000
Share Exchange Agreement [Member] | Series A Preferred Stock [Member] | Previously Reported [Member]
Business Acquisition [Line Items]
[custom:NumberOfCommonStockReceived]	5,000,000

Other Current Liabilities (Deta

Other Current Liabilities (Details Narrative) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Other Liabilities, Current	$ 172,000	$ 452,000
Big Token Inc [Member]
Other Liabilities, Current	$ 172,000	$ 452,000

Stockholders_ Equity (Details N

Stockholders’ Equity (Details Narrative) - USD ($)	May 11, 2021	Apr. 12, 2021	Mar. 12, 2021	Feb. 04, 2021	Oct. 31, 2020	Sep. 30, 2021	Sep. 30, 2021	Apr. 15, 2021	Dec. 31, 2020	Apr. 14, 2020
Class of Stock [Line Items]
Common Stock, Par or Stated Value Per Share						$ 0.00	$ 0.00	$ 0.00	$ 0.00	$ 0.0001
Warrant [Member]
Class of Stock [Line Items]
Warrants term				3 years
Warrant [Member] | Measurement Input, Price Volatility [Member]
Class of Stock [Line Items]
Warrant measurement input				92.30
Warrant [Member] | Measurement Input, Risk Free Interest Rate [Member]
Class of Stock [Line Items]
Warrant measurement input				18
Warrant [Member] | Measurement Input, Share Price [Member]
Class of Stock [Line Items]
Warrant measurement input				0.00006552
Share Exchange Agreement [Member]
Class of Stock [Line Items]
Percentage of issued and outstanding stock				100.00%
Share Exchange Agreement [Member] | Warrant [Member]
Class of Stock [Line Items]
Percentage of issued and outstanding stock				13.00%
Number of common stock to purcahse warrants				25,568,064,462
Fair value of warrants				$ 885,000
Series B Preferred Stock One [Member]
Class of Stock [Line Items]
Sale of Stock, Number of Shares Issued in Transaction	48,098		47,248
Number of shares issued during period, shares			10,500				10,500
Series B Preferred Stock [Member]
Class of Stock [Line Items]
Number of shares issued during period, shares		850	47,248
Stock Issued During Period, Value, New Issues		$ 85,000
Shares Issued, Price Per Share		$ 100
Stock issued convertible	68,583,866,100
Stock Issued During Period, Shares, Acquisitions	10,500
[custom:AcquisitionConversionPrice-0]	0.000001
Series B Preferred Stock [Member] | Securities Purchase Agreements [Member]
Class of Stock [Line Items]
Proceeds from Issuance Initial Public Offering			$ 4,725,000		$ 1,050,000
Preferred Stock, Par or Stated Value Per Share			$ 100
Number of shares issued during period, shares					10,500
Issuance of shares, description							Pursuant to the terms of the Company’s Certificate of Designation of Preferences, Rights and Limitations of Series B Preferred Stock (“COD”), (i) each share of Series B Stock has a stated value of $100, (ii) the Series B Stock accrues a 5% dividend beginning one year after the original issue date and thereafter on a quarterly basis, (iii) the Series B Stock has no voting rights, except as required by law, and (iv) the Series B Stock has no liquidation preference over the Company’s Common Stock. Additionally, the Series B Stock converts into Common Stock (i) at the election of the holder at any time at a price equal to $15,000,000 divided by the fully diluted outstanding securities of the Company at the time of conversion (“Standard Conversion Price”) or (ii) automatically upon the completion of an offering of $5,000,000 or more (“Qualified Offering”) at the lower of (a) the Standard Conversion Price or (b) eighty percent (80%) of the lowest per share purchase price of Common Stock in such Qualified Offering (“Qualified Offering Conversion Price”).
Series B Stock [Member]
Class of Stock [Line Items]
Number of shares issued during period, shares						68,583,866,100
Stock issued convertible						48,098
Beneficial conversion feature						$ 5,860,000

Subsequent Events (Details Narr

Subsequent Events (Details Narrative)	3 Months Ended
	Dec. 31, 2021
Forecast [Member]
Issuance of shares, description	Each option to purchase shares of BritePool Common Stock (each, a “BritePool Option”) that is outstanding and unexercised immediately prior to the Effective Time will be converted into and become an option to purchase shares of Company Common Stock (the “Assumed Options”). The number of shares of Company Common Stock subject to each Assumed Option will be determined by multiplying (i) the number of shares of BritePool Common Stock that were subject to such BritePool Option, as in effect immediately prior to the Effective Time, by (ii) the Exchange Ratio, and rounding the resulting number down to the nearest whole number of shares, and the per share exercise price for the Company Common Stock issuable upon exercise of each Assumed Option will be determined by dividing (A) the per share exercise price of such BritePool Option, as in effect immediately prior to the Effective Time, by (B) the Exchange Ratio and rounding the resulting per share exercise price up to the nearest one ten millionth of a cent ($0.0000001). Any restriction on the exercise of any BritePool Option will continue in full force and effect and the term, exercisability, vesting schedule, accelerated vesting provisions, and any other provisions of such BritePool Option will otherwise remain unchanged.