Sky Wolf Wind Turbine 10-Q 14 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Nov. 14, 2019
Document and Entity Information [Abstract]
Document Type	10-Q
Document Period End Date	Sep. 30, 2019
Entity Registrant Name	Sky Wolf Wind Turbine Corp
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		83,318,490
Entity Central Index Key	0001525874
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Amendment Flag	false

Balance Sheets

Balance Sheets - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Current Assets:
Cash	$ 0	$ 6,508
Inventory	72,680	72,680
Prepaid insurance	2,507	2,491
Loan overpayments	0	2,136
Total Current Assets	75,187	83,815
Right of use asset, net	97,959	0
Property and equipment, net	7,162	12,755
TOTAL ASSETS	180,308	96,570
Current Liabilities:
Accounts payable and accrued expenses	131,108	72,151
Current portion of lease liability	54,000	0
Accrued interest	37,970	0
Loans payable	10,979	105,951
Shareholder loans	857,350	776,850
Total Current Liabilities	1,091,407	954,952
Long-Term Liabilities:
Lease liability	43,959	0
Total Long-Term Liabilities	43,959	0
Total Liabilities	1,135,366	954,952
Commitments and Contingent Liabilities (Note 8)
Shareholders' (Deficit):
Common stock - $0.001 par value, 110,000,000 shares authorized, 83,260,740 and 78,942,833 shares issued and outstanding at September 30, 2019 and December 31, 2018, respectively	83,261	78,943
Additional paid-in capital	3,471,940	2,923,902
Accumulated deficit	(4,510,259)	(3,861,227)
Total Shareholders' (Deficit)	(955,058)	(858,382)
TOTAL LIABILITIES AND SHAREHOLDERS' (DEFICIT)	$ 180,308	$ 96,570

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2019	Dec. 31, 2018
Balance Sheets
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	110,000,000	110,000,000
Common Stock, Shares, Issued	83,260,740	78,942,833
Common Stock, Shares, Outstanding	83,260,740	78,942,833

Statements of Operations

Statements of Operations - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statements of Operations
Revenue	$ 0	$ 0	$ 0	$ 0
Cost of Sales	0	0	0	0
Gross Profit	0	0	0	0
Operating Expenses:
Compensation and benefits	14,150	90,839	253,579	263,409
Other general and administrative	46,180	66,892	197,306	155,451
Total Operating Expenses	60,330	157,731	450,885	418,860
Loss From Operations	(60,330)	(157,731)	(450,885)	(418,860)
Other Expense:
Interest expense	50,368	22,711	198,148	28,144
Total Other Expense	50,368	22,711	198,148	28,144
NET LOSS	$ (110,698)	$ (180,442)	$ (649,033)	$ (447,004)
Net Loss Per Share, Basic and Diluted	$ 0	$ 0	$ (0.01)	$ (0.01)
Weighted Average Outstanding Shares Basic and Diluted	83,191,939	77,626,744	81,523,372	77,057,595

Statements of Changes in Shareh

Statements of Changes in Shareholders' (Deficit) - USD ($)	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Total
Beginning Balance at Dec. 31, 2017	$ 75,983	$ 2,497,962	$ (3,247,446)	$ (673,501)
Beginning Balance (in shares) at Dec. 31, 2017	75,982,500
Proceeds of common stock issued	$ 50	9,950	0	10,000
Proceeds of common stock issued (in shares)	50,000
Net loss	$ 0	0	(136,129)	(136,129)
Ending Balance at Mar. 31, 2018	$ 76,033	2,507,912	(3,383,575)	(799,630)
Ending Balance (in shares) at Mar. 31, 2018	76,032,500
Proceeds of common stock issued	$ 1,005	114,995	0	116,000
Proceeds of common stock issued (in shares)	1,005,000
Common stock issued to debt holders, consultants and agents, net of redemption	$ 30	2,970	0	3,000
Common stock issued to debt holders, consultants and agents, net of redemption (in shares)	30,000
Net loss	$ 0	0	(130,434)	(130,434)
Ending Balance at Jun. 30, 2018	$ 77,068	2,625,877	(3,514,009)	(811,064)
Ending Balance (in shares) at Jun. 30, 2018	77,067,500
Proceeds of common stock issued	$ 737	138,563	0	139,300
Proceeds of common stock issued (in shares)	737,333
Common stock issued to debt holders, consultants and agents, net of redemption	$ 15	2,985	0	3,000
Common stock issued to debt holders, consultants and agents, net of redemption (in shares)	15,000
Net loss	$ 0	0	(180,442)	(180,442)
Ending Balance at Sep. 30, 2018	$ 77,820	2,767,425	(3,694,451)	(849,206)
Ending Balance (in shares) at Sep. 30, 2018	77,819,833
Beginning Balance at Dec. 31, 2018	$ 78,943	2,923,902	(3,861,227)	(858,382)
Beginning Balance (in shares) at Dec. 31, 2018	78,942,833
Proceeds of common stock issued	$ 1,676	144,824	0	146,500
Proceeds of common stock issued (in shares)	1,676,125
Common stock issued to debt holders, consultants and agents, net of redemption	$ 150	29,850	0	30,000
Common stock issued to debt holders, consultants and agents, net of redemption (in shares)	150,000
Net loss	$ 0	0	(190,537)	(190,537)
Ending Balance at Mar. 31, 2019	$ 80,769	3,098,576	(4,051,764)	(872,419)
Ending Balance (in shares) at Mar. 31, 2019	80,768,958
Proceeds of common stock issued	$ 620	121,380	0	122,000
Proceeds of common stock issued (in shares)	619,875
Common stock issued to debt holders, consultants and agents, net of redemption	$ 1,577	193,373	0	194,950
Common stock issued to debt holders, consultants and agents, net of redemption (in shares)	1,577,375
Net loss	$ 0	0	(347,797)	(347,797)
Ending Balance at Jun. 30, 2019	$ 82,966	3,413,329	(4,399,561)	(903,266)
Ending Balance (in shares) at Jun. 30, 2019	82,966,208
Proceeds of common stock issued	$ 245	48,755	0	49,000
Proceeds of common stock issued (in shares)	245,000
Common stock issued to debt holders, consultants and agents, net of redemption	$ 50	9,856	0	9,906
Common stock issued to debt holders, consultants and agents, net of redemption (in shares)	49,532
Net loss			(110,698)	(110,698)
Ending Balance at Sep. 30, 2019	$ 83,261	$ 3,471,940	$ (4,510,259)	$ (955,058)
Ending Balance (in shares) at Sep. 30, 2019	83,260,740

Statements of Cash Flows

Statements of Cash Flows - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities:
Net loss	$ (649,033)	$ (447,004)
Non cash items:
Depreciation	5,594	5,576
Stock issued to consultants and agents	234,857	6,000
Change in operating assets and liabilities:
Inventory	0	(2,668)
Prepaid insurance	(16)	(1,078)
Accounts payable and accrued expenses	58,956	20,666
Accrued interest	37,970	0
Net cash (used in) operating activities	(311,672)	(418,508)
Cash flows from financing activities:
Proceeds from loans	114,425	155,176
Loan payable payments	(209,397)	(65,681)
Proceeds from common stock issuance	317,500	265,300
Proceeds from shareholder loan	188,500	130,000
Shareholder loan payments	(108,000)	(60,000)
Loan overpayments returned	2,136	0
Net cash provided by financing activities	305,164	424,795
Net (decrease) increase in cash	(6,508)	6,287
Cash, beginning of period	6,508	48,593
CASH, END OF PERIOD	0	54,880
Supplemental disclosures and cash flow information:
Interest paid	198,148	28,144
Taxes paid	$ 25	$ 25

Description of Business and Bas

Description of Business and Basis of Presentation:	9 Months Ended
	Sep. 30, 2019
Description of Business and Basis of Presentation:
Description of Business and Basis of Presentation:	Note 1 – Description of Business and Basis of Presentation: Skywolf Wind Turbine Corp. (the “Company” or “Skywolf”) is the designer, manufacturer and supplier of a patented Solar Hybrid Diffused Augmented Wind Turbine aka “The Hybrid,” which uses wind and solar energy sources combined in one unit. Its products are used in generating electricity to power homes and businesses, as well as charge batteries, and are sold both directly and through independent sales representatives. The Company was incorporated in New York State in 2010 and is located in Geneseo, New York. Its founder, Gerald E. Brock, serves as the sole director and president. The information furnished herewith reflects all adjustments which are, in the opinion of management, necessary for a fair presentation of the results for the period. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to SEC rules and regulations, although the Company believes the disclosures which are made are adequate to make the information presented not misleading. The consolidated financial statements contained herein should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s latest annual report on Form 10‑K for the year ended December 31, 2018 (“Annual Report”), filed on April 1, 2019. These interim financial statements are unaudited. Our significant accounting policies are described in the notes to the financial statements in the Company’s Annual Report. It is important to understand that the application of generally accepted accounting principles in the United States of America involves certain assumptions, judgments and estimates that affect reported amounts of assets, liabilities, revenues and expenses. Thus, the application of these principles can have varying results from company to company.

Summary of Significant Accounti

Summary of Significant Accounting Policies:	9 Months Ended
	Sep. 30, 2019
Summary of Significant Accounting Policies:
Summary of Significant Accounting Policies:	Note 2 – Summary of Significant Accounting Policies: Use of Estimates – The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash – For financial statement presentation purposes, the Company considers all short-term, highly liquid investments with original maturities of three months or less to be cash and cash equivalents. There were no cash equivalents at September 30, 2019 or December 31, 2018. The Company maintains its cash in bank deposit accounts, which at times may exceed federally-insured limits. The Company believes it is not exposed to any significant credit risk as a result of any non-performance by the financial institution. Accounts Receivable – Credit is granted to substantially all customers. The Company carries its accounts receivable at invoice amount less any allowance for doubtful accounts. Allowance For Doubtful Accounts – As of September 30, 2019 and December 31, 2018 there are no anticipated bad debts. Therefore, an allowance for doubtful accounts was not recorded. Inventory – Inventory consists of unassembled parts and is stated at the lower of cost or net realizable value. The Company capitalizes applicable direct and indirect costs incurred in inventory production. Obsolete inventory is reserved for and there was no reserve at September 30, 2019 or December 31, 2018. Property and Equipment – Property and equipment consists of software and equipment. Depreciation is recorded on a straight-line basis over periods considered by management to be the assets’ useful lives. Expenditures for repairs, minor items and maintenance are charged to operations as incurred. Any gain or loss upon sale or retirement due to obsolescence is recorded in operating results in the period it takes place. Software is being depreciated over three years and equipment is being depreciated over five years. Impairment of Long-Lived Assets – Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future net discounted cash flows expected to be generated by the asset, including its ultimate disposition. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of an asset exceeds the fair value of the asset. Fair value is determined based on discounted cash flows or appraised values, depending on the nature of the asset. There was no impairment considered necessary for the period ended September 30, 2019 or for the year ended December 31, 2018. Fair Value of Financial Instruments – The carrying value of cash, prepaid expenses, accounts payable, loan payable and accrued expenses are reasonable estimates of their fair value due to their short maturity. The fair value of the loan from the principal shareholder is expected to be less than the carrying value due to the lack of interest being charged and uncertainty regarding timing of repayment. The fair value is further dependent on the Company’s ability to generate cash. Revenue Recognition – Beginning January 1, 2018 the Company adopted Accounting Standards Update No. 2014‑09, Revenue from Contracts with Customers (Topic 606), or ASU 606. This guidance requires us to recognize revenue when we transfer promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Additionally, the new guidance requires enhanced disclosures, including revenue recognition policies to identify performance obligations to customers and significant judgements in measurements and recognition. The new guidance did not have an impact on the historical or current financial statements based on the lack of revenue. This new standard will be considered in the future as contracts are entered into. Advertising Costs – Advertising costs are expensed when incurred. Advertising costs were $622 and $3,156 and $1,025 and $7,087 for the three and nine months ending September 30, 2019 and 2018, respectively. Research and Development Costs – All costs of research and development are charged to operations as incurred. Research and development costs consist of expenses for inventing and testing turbine prototypes, including the materials and other direct costs of constructing prototype turbines, as well as related equipment employed in research and development activity. Income Taxes – The Company accounts for income taxes in accordance with FASB ASC 740. Deferred taxes are provided using the “asset and liability approach." That requires recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax basis of assets and liabilities. This method uses statutory tax rates in effect for the year in which the temporary differences are expected to reverse and gives immediate effect to changes in income tax rates upon enactment. Deferred assets are recognized, net of any valuation allowance, for temporary differences and net operating loss and tax credit carryforwards. Deferred income tax expense/benefit for a year is the net change in that year’s deferred tax asset and liability balances. The Company has deferred tax assets of its net operating loss and tax credit carryforwards. However, due to the uncertainty of future profits to absorb the carryforwards, an offsetting valuation allowance was recorded to reduce all the deferred tax assets to zero. Basic and Diluted Loss per Share – Basic earnings or loss per share reflect the weighted average of shares issued and outstanding during the period. Diluted earnings per share are computed including the additional shares that would have been outstanding if dilutive potential shares (option or warrant shares, for example) were issued. No dilutive potential shares exist.

Going Concern_

Going Concern:	9 Months Ended
	Sep. 30, 2019
Going Concern:
Going Concern:	Note 3 – Going Concern: The Company has adopted Accounting Standards Update No. 2014‑15, “Presentation of Financial Statements-Going Concern (Subtopic 205‑40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU 2014‑15”). As a result, management is required to evaluate whether there are relevant conditions and events that would indicate the probability of the Company’s inability to meet its obligations as they become due within one year of the date the financial statements are issued. The financial statements have been prepared under the assumption that the Company will continue as a going concern, which contemplates continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business. As reflected in the financial statements, the Company had an accumulated deficit of $4,510,259 as of September 30, 2019, a net loss of $649,033 and net cash used in operating activities of $311,672 for the nine months ended September 30, 2019. On July 22, 2019, Skywolf Wind Turbine Corporation and GR8 Seas Holdings, Inc. (Buyer) entered into a two year, $13,000,000 definitive sales and purchase agreement. The Company is continually looking to sell its products to generate additional revenue and operating cash flow. Through oral conveyance, management affirms that it is probable that it will meet its obligations through revenue from the sale of the Company's wind turbines, advances from the Company’s Director and controlling shareholders, and through the sale of stock. However, since these have not been received or agreed to in writing as of the issuance of these financial statements, the conditions raise substantial doubt about the Company’s ability to continue as a going concern for one year after the date these financial statements are issued. The financial statements do not include any adjustments related to the recoverability and classification of recorded asset amounts or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.

Property and Equipment_

Property and Equipment:	9 Months Ended
	Sep. 30, 2019
Property and Equipment:
Property and Equipment:	Note 4 – Property and Equipment: Property and equipment consists of the following at September 30, 2019 and December 31, 2018: 2019 2018 Software $ 1,795 $ 1,795 Equipment and tools 37,293 37,293 39,088 39,088 Accumulated depreciation (31,926) (26,333) $ 7,162 $ 12,755 Depreciation expense for the three and nine months ended September 30, 2019 was $1,865 and $5,594, respectively. Depreciation expense for the three and nine months ended September 30, 2018 was $2,014 and $5,576, respectively. Depreciation is included in other general and administrative expenses on the statements of operations.

Shareholder Loans_

Shareholder Loans:	9 Months Ended
	Sep. 30, 2019
Shareholder Loans:
Shareholder Loans:	Note 5 – Shareholder Loans: Unsecured loan balances from the founder and major shareholder as of September 30, 2019 was $782,350 and as of December 31, 2018 was $776,850. Net loans by the Company during the nine months ended September 30, 2019 were $5,500. The loans are non-interest bearing and have no repayment terms. On January 7, 2019 the Company borrowed $20,000 from a shareholder. Payment is due by July 14, 2019. The payment was subsequently extended until October 14, 2019. The loan payback including accrued interest is $30,000. In addition, this shareholder received 195,000 shares of common stock and this was recorded as interest expense. The loan is outstanding as of the filing date. On January 23, 2019 to the Company borrowed $25,000 from a shareholder. Payment is past due. The loan payback including accrued interest is $35,000. In addition, this shareholder received 50,000 shares of common stock valued at $10,000, and this was recorded as interest expense. This loan is outstanding as of the filing date. On June 13, 2019 the Company borrowed $30,000 from a shareholder. The loan payback including interest is $39,000 plus late fees of $8,970. The loan was due August 13, 2019. The loan is outstanding as of the filing date.

Loans Payable_

Loans Payable:	9 Months Ended
	Sep. 30, 2019
Loans Payable:
Loans Payable:	Note 6 – Loans Payable: Loans payable consists of the following loans from various financing companies. All loans are collateralized by business assets at September 30, 2019 and December 31, 2018 and are personally guaranteed by the majority shareholder. On March 8, 2018 the Company obtained a $13,700 business use line of credit from a financing company. On February 12, 2019 an additional $2,900 was borrowed on this line of credit. The loan’s interest rate is 44.27% and will be paid back on a monthly basis of approximately $837. The loan’s final payment is due in March 2021. As of September 30, 2019, the outstanding balance on this loan is $10,979. The loan balance at December 31, 2018 was $11,266. On September 14, 2018, the Company entered into a financing agreement resulting in proceeds of $56,400. The Company is required to repay $73,320. The loan is being paid back in daily installments of $333. The loan’s interest rate is 62%. The final payment was due in August 2019. As of September 30, 2019, the loan was paid in full. The loan balance at December 31, 2018 was $42,263. On September 28, 2018, the Company entered into a financing agreement resulting in proceeds of $49,999. On April 25, 2019 this loan was refinanced in the amount of $30,000. The Company is required to repay $47,850. The loan is being paid back in weekly installments of $2,991. Based on these minimum payments the amount is expected to be repaid in August 2019. Based on these terms the discount given on the purchase was $17,850, representing an imputed interest of approximately 310%. As of September 30, 2019, the loan was paid in full. The balance at December 31, 2018 was $35,208. On May 15, 2019, the Company entered into a financing agreement resulting in proceeds of $20,000. The Company is required to repay $29,980 from future revenue/receipts of the Company. The loan is being paid back in daily installments of $587. Based on these terms the discount given on the purchase was $9,980, representing an imputed interest of approximately 411%. As of September 30, 2019, the loan was paid in full. The loan balance at December 31, 2018 was $5,132 which was refinanced on May 15, 2019. On October 29, 2018, the Company entered into a financing agreement resulting in proceeds of $15,000. On February 21, 2019 an additional $9,402 was borrowed to bring the outstanding balance to $15,000. The loan is being paid back in daily installments of $399. Based on these terms the discount given on the purchase was $6,945, representing an imputed interest of approximately 351%. This loan was paid off in 2019. The loan balance at December 31, 2018 was $8,747. During the first quarter the Company paid off a financing agreement that had a loan balance of $3,335 as of December 31, 2018. On May 15, 2019 the Company entered into a financing agreement resulting in proceeds of $15,000. The Company is required to repay $22,350. The loan is being paid back in daily installments of $499. The loan’s interest rate is 480%. The final payment is due in July 2019. As of September 30, 2019 this loan was paid in full. On May 15, 2019 the Company entered into a financing agreement resulting in proceeds of $15,000. The Company is required to repay $22,350. The loan is being paid back in daily installments of $499. The loan’s interest rate is 480%. The final payment is due in July 2019. As of September 30, 2019, this loan was paid in full. On May 15, 2019 the Company entered into a financing agreement resulting in proceeds of $10,000. The Company is required to repay $15,200. The loan is being paid back in daily installments of $190. The loan’s interest rate is 287%. The final payment is due in September of 2019. As of September 30, 2019 this loan was paid in full.

Shareholders' Deficit_

Shareholders' Deficit:	9 Months Ended
	Sep. 30, 2019
Shareholders' Deficit:
Shareholders' Deficit:	Note 7 – Shareholders’ Deficit: During the nine months ended September 30, 2019, 2,541,000 shares of stock were issued in exchange for $317,500, 331,907 shares were issued to consultants for professional fees of $65,856 and 245,000 shares were issued to debt holders that are also shareholders for loan proceeds and these amounts have been recorded as interest expense of $49,000. In addition, 1,200,000 shares were issued to employees. For the employee shares issued compensation expense of $120,000 was recorded. During the nine months ended September 30, 2018, 1,792,333 shares of stock were issued in exchange for $265,300 and 45,000 shares were issued for professional fees of $6,000.

Leases_

Leases:	9 Months Ended
	Sep. 30, 2019
Leases:
Leases:	Note 8 – Leases: The lease for the Company’s facility in Geneseo, NY is month to month. The lease amount is $1,500 per month. In February 2016, the FASB issued amended guidance for lease arrangements to increase transparency and comparability by providing additional information to users of financial statements regarding an entity's leasing activities. The new standard requires entities to recognize a liability for their lease obligations and a corresponding right-of-use asset, initially measured at the present value of the lease payments. Subsequent accounting depends on whether the agreement is deemed to be a financing or operating lease. For operating leases, a lessee recognizes its total lease expense as an operating expense over the lease term. The ASU requires that assets and liabilities be presented and disclosed separately, and the liabilities must be classified appropriately as current and noncurrent. The ASU further requires additional disclosure of certain qualitative and quantitative information related to lease agreements. The ASU was effective for the Company beginning on January 1, 2019, at which time we adopted the new standard using the modified retrospective approach as of the date of adoption. Upon adoption, we did not recognize a right-of-use asset or a lease liability related to the existing building lease as it is a month to month lease. However, on September 1, 2019 the Company leased a warehouse in Avon, NY for manufacturing and assembly operations. The lease commenced September 1, 2019 for a period of two years at a monthly lease cost of $4,500 per month. A summary of the impact to the Balance Sheet as of January 1, 2019 and the balances as of September 30, 2019 are as follows: December 31, Effect of January 1, 2018 Change 2019 September 30, 2019 Right of use asset, net — — 0 97,959 Operating lease liability –short-term — — 0 54,000 Operating lease liability – long-term — — 0 43,959

Related Party

Related Party	9 Months Ended
	Sep. 30, 2019
Related Party
Related Party	Note 9 – Related Party The Company has a vendor that it contracts business with who is related to the majority shareholder. The vendor is also a shareholder of the Company. There were no amounts paid to this vendor for nine months ended September 30, 2019 and for the nine months ended June 30, 2018.

Subsequent Events_

Subsequent Events:	9 Months Ended
	Sep. 30, 2019
Subsequent Events:
Subsequent Events:	Note 10 – Subsequent Events: The Company borrowed $10,000 from shareholders. A total of $12,000 was to be paid back by October 20, 2019 but still remains outstanding. Per the agreement, interest accrues at 1% per day late. As of the filing date there is additional accrued interest of approximately $2,640. In addition, the Company sold 52,500 shares of stock for $10,500 and issued 5,250 shares to agents.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies: (Policies)	9 Months Ended
	Sep. 30, 2019
Summary of Significant Accounting Policies:
Use of Estimates	Use of Estimates – The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash	Cash – For financial statement presentation purposes, the Company considers all short-term, highly liquid investments with original maturities of three months or less to be cash and cash equivalents. There were no cash equivalents at September 30, 2019 or December 31, 2018. The Company maintains its cash in bank deposit accounts, which at times may exceed federally-insured limits. The Company believes it is not exposed to any significant credit risk as a result of any non-performance by the financial institution.
Accounts Receivable	Accounts Receivable – Credit is granted to substantially all customers. The Company carries its accounts receivable at invoice amount less any allowance for doubtful accounts.
Allowance For Doubtful Accounts	Allowance For Doubtful Accounts – As of September 30, 2019 and December 31, 2018 there are no anticipated bad debts. Therefore, an allowance for doubtful accounts was not recorded.
Inventory	Inventory – Inventory consists of unassembled parts and is stated at the lower of cost or net realizable value. The Company capitalizes applicable direct and indirect costs incurred in inventory production. Obsolete inventory is reserved for and there was no reserve at September 30, 2019 or December 31, 2018.
Property and Equipment	Property and Equipment – Property and equipment consists of software and equipment. Depreciation is recorded on a straight-line basis over periods considered by management to be the assets’ useful lives. Expenditures for repairs, minor items and maintenance are charged to operations as incurred. Any gain or loss upon sale or retirement due to obsolescence is recorded in operating results in the period it takes place. Software is being depreciated over three years and equipment is being depreciated over five years.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets – Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future net discounted cash flows expected to be generated by the asset, including its ultimate disposition. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of an asset exceeds the fair value of the asset. Fair value is determined based on discounted cash flows or appraised values, depending on the nature of the asset. There was no impairment considered necessary for the period ended September 30, 2019 or for the year ended December 31, 2018.
Fair Value of Financial Instruments	Fair Value of Financial Instruments – The carrying value of cash, prepaid expenses, accounts payable, loan payable and accrued expenses are reasonable estimates of their fair value due to their short maturity. The fair value of the loan from the principal shareholder is expected to be less than the carrying value due to the lack of interest being charged and uncertainty regarding timing of repayment. The fair value is further dependent on the Company’s ability to generate cash.
Revenue Recognition	Revenue Recognition – Beginning January 1, 2018 the Company adopted Accounting Standards Update No. 2014‑09, Revenue from Contracts with Customers (Topic 606), or ASU 606. This guidance requires us to recognize revenue when we transfer promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Additionally, the new guidance requires enhanced disclosures, including revenue recognition policies to identify performance obligations to customers and significant judgements in measurements and recognition. The new guidance did not have an impact on the historical or current financial statements based on the lack of revenue. This new standard will be considered in the future as contracts are entered into.
Advertising Costs	Advertising Costs – Advertising costs are expensed when incurred. Advertising costs were $622 and $3,156 and $1,025 and $7,087 for the three and nine months ending September 30, 2019 and 2018, respectively.
Research and Development Costs	Research and Development Costs – All costs of research and development are charged to operations as incurred. Research and development costs consist of expenses for inventing and testing turbine prototypes, including the materials and other direct costs of constructing prototype turbines, as well as related equipment employed in research and development activity.
Income Taxes	Income Taxes – The Company accounts for income taxes in accordance with FASB ASC 740. Deferred taxes are provided using the “asset and liability approach." That requires recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and the tax basis of assets and liabilities. This method uses statutory tax rates in effect for the year in which the temporary differences are expected to reverse and gives immediate effect to changes in income tax rates upon enactment. Deferred assets are recognized, net of any valuation allowance, for temporary differences and net operating loss and tax credit carryforwards. Deferred income tax expense/benefit for a year is the net change in that year’s deferred tax asset and liability balances. The Company has deferred tax assets of its net operating loss and tax credit carryforwards. However, due to the uncertainty of future profits to absorb the carryforwards, an offsetting valuation allowance was recorded to reduce all the deferred tax assets to zero.
Basic and Diluted Loss per Share	Basic and Diluted Loss per Share – Basic earnings or loss per share reflect the weighted average of shares issued and outstanding during the period. Diluted earnings per share are computed including the additional shares that would have been outstanding if dilutive potential shares (option or warrant shares, for example) were issued. No dilutive potential shares exist.

Property and Equipment_ (Tables

Property and Equipment: (Tables)	9 Months Ended
	Sep. 30, 2019
Property and Equipment:
Schedule of Property and equipment	2019 2018 Software $ 1,795 $ 1,795 Equipment and tools 37,293 37,293 39,088 39,088 Accumulated depreciation (31,926) (26,333) $ 7,162 $ 12,755

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2019
Leases
Schedule of Operating Leases	December 31, Effect of January 1, 2018 Change 2019 September 30, 2019 Right of use asset, net — — 0 97,959 Operating lease liability –short-term — — 0 54,000 Operating lease liability – long-term — — 0 43,959

Summary of Significant Accoun_3

Summary of Significant Accounting Policies: (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Cash Equivalents, at Carrying Value	$ 0		$ 0		$ 0
Impairment of long Lived assets			0		$ 0
Advertising Expense	$ 622	$ 1,025	$ 3,156	$ 7,087
Software Development [Member]
Property, Plant and Equipment, Useful Life			3 years
Equipment and Tools [Member]
Property, Plant and Equipment, Useful Life			5 years

Going Concern_ (Details)

Going Concern: (Details) - USD ($)	Jul. 22, 2019	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Retained Earnings (Accumulated Deficit)		$ (4,510,259)		$ (4,510,259)		$ (3,861,227)
Net Income (Loss) Attributable to Parent		$ (110,698)	$ (180,442)	(649,033)	$ (447,004)
Net Cash Provided by (Used in) Operating Activities				$ (311,672)	$ (418,508)
GR8 Seas Holdings, Inc. [Member] | Sales and Purchase Agreement [Member]
Aggregate value of wind turbines to be sold	$ 13,000,000
Term of sales and purchase agreement	2 years

Property and Equipment_ (Detail

Property and Equipment: (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Property, Plant and Equipment, Gross	$ 39,088	$ 39,088
Accumulated depreciation	(31,926)	(26,333)
Property, Plant and Equipment, Net	7,162	12,755
Software Development [Member]
Property, Plant and Equipment, Gross	1,795	1,795
Equipment and Tools [Member]
Property, Plant and Equipment, Gross	$ 37,293	$ 37,293

Property and Equipment_ - Addit

Property and Equipment: - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Property and Equipment:
Depreciation	$ 1,865	$ 2,014	$ 5,594	$ 5,576

Shareholder Loans_ (Details)

Shareholder Loans: (Details) - USD ($)	Jun. 13, 2019	Jan. 23, 2019	Jan. 07, 2019	Jan. 23, 2019	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Unsecured Debt					$ 782,350		$ 782,350		$ 776,850
Net Paybacks							5,500
Due to Related Parties, Current					857,350		857,350		$ 776,850
Interest Expense					$ 50,368	$ 22,711	$ 198,148	$ 28,144
Share Holder Loan One [Member]
Related Party Transaction, Due from (to) Related Party			$ 20,000
Loans Payment Due date			Oct. 14, 2019
Payments for Loans			$ 30,000
Shareholders Received Shares of Common Stock			195,000
Share Holder Loan Two [Member]
Related Party Transaction, Due from (to) Related Party		$ (25,000)		$ (25,000)
Payments for Loans				$ 35,000
Shareholders Received Shares of Common Stock				50,000
Share Holder Loan Two [Member] | Interest Expense [Member]
Value of common stock shares received from the company		$ 10,000
Share Holder Loan Three [Member]
Related Party Transaction, Due from (to) Related Party	$ 30,000
Payments for Loans	39,000
Payments for Loan, Late Fees	$ 8,970

Loans Payable_ (Details)

Loans Payable: (Details) - USD ($)	May 15, 2019	Oct. 29, 2018	Sep. 14, 2018	Mar. 08, 2018	Apr. 25, 2019	Feb. 21, 2019	Oct. 29, 2018	Sep. 28, 2018	Sep. 30, 2019	Feb. 12, 2019	Dec. 31, 2018
Disclosure Of Loans Payable [Line Items]
Long-term Line of Credit											$ 3,335
Loan refinanced					$ 30,000
Loan Agreement One [Member]
Disclosure Of Loans Payable [Line Items]
Debt Instrument, Face Amount				$ 13,700						$ 2,900
Debt Instrument, Interest Rate, Stated Percentage				44.27%
Line of Credit Facility, Periodic Payment, Interest				$ 837
Long-term Line of Credit									$ 10,979		11,266
Loan Agreement Two [Member]
Disclosure Of Loans Payable [Line Items]
Debt Instrument, Interest Rate, Stated Percentage			62.00%
Long-term Line of Credit											42,263
Proceeds from Lines of Credit			$ 56,400
Long-term Debt, Gross			73,320
Line of Credit Facility, Periodic Payment, Principal			$ 333
Loan Agreement Three [Member]
Disclosure Of Loans Payable [Line Items]
Long-term Line of Credit											35,208
Proceeds from Lines of Credit								$ 49,999
Long-term Debt, Gross								$ 47,850
Debt Instrument, Payment Terms								The loan is being paid back in weekly installments of $2,991. Based on these minimum payments the amount is expected to be repaid in August 2019.
Discount On Purchase Of Lines Of Credit								$ 17,850
Lines Of Credit Imputed Interest Percentage								310.00%
Loan Agreement Four [Member]
Disclosure Of Loans Payable [Line Items]
Long-term Line of Credit											5,132
Proceeds from Lines of Credit	$ 20,000
Long-term Debt, Gross	$ 29,980
Debt Instrument, Payment Terms	The loan is being paid back in daily installments of $587.
Discount On Purchase Of Lines Of Credit	$ 9,980
Lines Of Credit Imputed Interest Percentage	411.00%
Loan Agreement Five [Member]
Disclosure Of Loans Payable [Line Items]
Long-term Line of Credit											$ 8,747
Proceeds from Lines of Credit		$ 15,000				$ 9,402
Debt Instrument, Payment Terms							The loan is being paid back in daily installments of $399.
Discount On Purchase Of Lines Of Credit		$ 6,945
Lines Of Credit Imputed Interest Percentage							351.00%
Line of Credit Facility, Maximum Borrowing Capacity						$ 15,000
Loan Agreement Six [Member]
Disclosure Of Loans Payable [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	480.00%
Line of Credit Facility, Periodic Payment, Interest	$ 499
Proceeds from Lines of Credit	15,000
Long-term Debt, Gross	$ 22,350
Loan Agreement Seven [Member]
Disclosure Of Loans Payable [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	287.00%
Line of Credit Facility, Periodic Payment, Interest	$ 190
Proceeds from Lines of Credit	10,000
Long-term Debt, Gross	$ 15,200

Shareholders' Deficit_ (Details

Shareholders' Deficit: (Details) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Shareholders' Deficit:
Proceeds from Issuance of Common Stock	$ 317,500	$ 265,300
Stock Issued During Period Shares, Exchange	2,541,000	1,792,333
Stock Issued During The Period In Kind	$ 331,907	$ 45,000
Professional fees recorded for shares issued to consultants	65,856	$ 6,000
Interest expense recorded for shares issued to debt holders	$ 49,000
Stock Issued During Period, Shares, Other	245,000
Stock Issued During Period, Shares, Addition	1,200,000
Share-based compensation expense	$ 120,000

Leases (Details)

Leases (Details) - USD ($)	Sep. 01, 2019	Sep. 30, 2019	Jan. 01, 2019	Dec. 31, 2018
Leases
Lease term (in years)	2 years
Lease cost per month	$ 4,500	$ 1,500
Right of use asset, net		97,959	$ 0	$ 0
Operating lease liability -short-term		54,000	0	0
Operating lease liability - long-term		43,959	$ 0	$ 0
Effect of change
Leases
Right of use asset, net		0
Operating lease liability -short-term		0
Operating lease liability - long-term		$ 0

Related Party (Details)

Related Party (Details) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Jun. 30, 2018
Related Party
Repayments of Related Party Debt	$ 108,000	$ 60,000
Vendor [Member]
Related Party
Repayments of Related Party Debt	$ 0		$ 0

Subsequent Events_ (Details)

Subsequent Events: (Details)	1 Months Ended	3 Months Ended
	Oct. 20, 2019USD ($)shares	Sep. 30, 2019USD ($)	Jun. 30, 2019USD ($)	Mar. 31, 2019USD ($)	Sep. 30, 2018USD ($)	Jun. 30, 2018USD ($)	Mar. 31, 2018USD ($)	Dec. 31, 2018USD ($)
Subsequent Events
Amount payable on borrowings		$ 857,350						$ 776,850
Issue of stock		$ 49,000	$ 122,000	$ 146,500	$ 139,300	$ 116,000	$ 10,000
Subsequent Event [Member]
Subsequent Events
Issue of stock	$ 10,500
Issue of shares | shares	52,500
Issue of shares to agents | shares	5,250
Subsequent Event [Member] | Shareholder [Member]
Subsequent Events
Borrowings	$ 10,000
Amount payable on borrowings	$ 12,000
Interest accrues per day late	1
Additional accrued interest	$ 2,640