Sincerity Applied Materials (SINC) 10-Q 12 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Nov. 09, 2015
Document and Entity Information:
Entity Registrant Name	SYMBID CORP.
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Amendment Flag	false
Entity Central Index Key	1,532,595
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		36,909,472
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Current assets
Cash	$ 960,845	$ 233,068
Accounts receivable, less allowance for doubtful accounts of $ 18,446 and $ 4,672 respectively	33,028	45,070
Prepaid expenses and other current assets	63,674	53,366
Total current assets	1,057,547	331,504
Property and equipment - at cost, less accumulated depreciation	6,143	8,480
Investment in associated companies	1,169	10,750
Intangible assets, net	837,946	1,031,692
Total Assets	1,902,805	1,382,426
Current Liabilities
Accounts payable	122,191	378,023
Accrued expenses and other current liabilities	189,169	291,540
Current maturities of notes payable	$ 34,013	36,771
Subordinated loan - related party		81,378
Total current liabilities	$ 345,373	787,712
Notes payable, less current maturities	68,011	$ 91,914
Subordinated loan - related party	75,272
8% Convertible promissory notes payable, net of $764,244 discount	$ 545,756
Derivative liability - warrants		$ 153,154
Total Liabilities	$ 1,034,412	$ 1,032,780
Commitments
Stockholders' Equity
Preferred stock Authorized: $0.001 par value, 10,000,000 shares authorized Issued and outstanding: nil preferred shares
Common stock Authorized: $0.001 par value, 290,000,000 shares authorized Issued and outstanding: 36,909,472 and 33,182,100 respectively	$ 36,909	$ 33,182
Additional paid-in capital	7,598,504	5,367,771
Accumulated other comprehensive loss	(278,085)	(178,522)
Accumulated deficit	(6,503,594)	(4,794,760)
Total Symbid Corp. stockholders' equity	853,734	427,671
Noncontrolling interests	14,659	(78,025)
Total stockholders' equity	868,393	349,646
Total liabilities and stockholders' equity	$ 1,902,805	$ 1,382,426

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
ASSETS
Allowance for doubtful accounts	$ 18,446	$ 4,672
Convertible promissory notes payable	$ 764,244	$ 0
Preferred Stock, par value	$ 0.001	$ 0.001
Preferred Stock, shares authorized	10,000,000	10,000,000
Preferred Stock, shares issued	0	0
Preferred Stock, shares outstanding	0	0
Common Stock, par value	$ 0.001	$ 0.001
Common Stock, shares authorized	290,000,000	290,000,000
Common Stock, shares issued	36,909,472	33,182,100
Common Stock, shares outstanding	36,909,472	33,182,100

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenues
Crowdfunding	$ 58,979	$ 50,889	$ 191,177	$ 201,034
Other	9,787	1,990	43,825	10,040
Total revenues	68,766	52,879	235,002	211,074
Operating Expenses
Selling, general and administrative	363,900	456,689	1,202,668	1,037,469
Professional fees	226,533	234,981	565,996	638,560
Research and development costs	5,091	111,693	53,410	256,441
Depreciation and amortization	36,414	29,409	109,554	30,077
Total Operating Expenses	631,938	832,772	1,931,628	1,962,547
Operating loss	(563,172)	(779,893)	(1,696,626)	(1,751,473)
Other Income (Expense)
Interest expense	$ (69,121)	(3,568)	(74,401)	(11,387)
Fair value adjustment derivative liability - warrants		75,972	$ (7,791)	160,985
Losses from equity method investments		$ (38,481)		$ (47,225)
Gain on sale of investment in Gambitious B.V.			$ 11,504
Government subsidy				$ 10,963
Other income and expense		$ (4,050)		(20,183)
Total other income (expense)	$ (69,121)	29,873	$ (70,688)	93,153
Net Loss	(632,293)	(750,020)	(1,767,314)	(1,658,320)
Net loss attributable to noncontrolling interests	(27,477)	(14,631)	(58,480)	(30,254)
Net loss attributable to Symbid Corp. stockholders	$ (604,816)	$ (735,389)	$ (1,708,834)	$ (1,628,066)
Basic and diluted net loss per common stock	$ (0.02)	$ (0.02)	$ (0.05)	$ (0.06)
Weighted average number of shares outstanding
Basic and diluted	34,924,982	30,741,624	34,707,412	27,175,652
Share-based compensation expense included in operating expenses:
Selling, general and administrative	$ 20,424	$ 85,224	$ 238,861	$ 89,074
Research and development costs	910	2,656	32,849	2,656
Share-based compensation expense included in operating expenses:	$ 21,334	$ 87,880	$ 271,710	$ 91,730

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (UNAUDITED) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Condensed Consolidated Statements Of Comprehensive Loss
Net loss	$ (632,293)	$ (750,020)	$ (1,767,314)	$ (1,658,320)
Other comprehensive loss:
Foreign currency translation adjustments	(9,918)	(81,739)	(99,563)	(91,040)
Comprehensive loss	(642,211)	(831,759)	(1,866,877)	(1,749,360)
Net loss attributable to noncontrolling interests	(27,477)	(14,631)	(58,480)	(30,254)
Foreign currency translation income (loss) attributable to noncontrolling interests	264	5,859	10,396	6,942
Comprehensive loss attributable to noncontrolling interests	(27,213)	(8,772)	(48,084)	(23,312)
Comprehensive loss attributable to Symbid Corp. stockholders	$ (614,998)	$ (822,987)	$ (1,818,793)	$ (1,726,048)

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities
Net Loss	$ (1,767,314)	$ (1,658,320)
Adjustments to reconcile net loss to net cash used in operating activities
Stock based compensation	271,710	91,730
Shares issued under service agreements	182,386	$ 88,859
Amortization of debt discount	58,132
Depreciation and amortization	$ 109,554	$ 30,077
Losses recorded from investment in Gambitious B.V.		$ 47,225
Gain on sale of investment in Gambitious B.V.	$ (11,504)
Fair value adjustment derivative liability - warrants	$ 7,791	$ (160,985)
Deferred government grants		(10,963)
Provision for doubtful accounts	$ 14,013	(1,538)
Changes in assets and liabilities
Accounts receivable	(5,422)	(29,433)
Prepaid expenses and other current assets	(14,196)	(112,380)
Accounts payable	(231,750)	150,882
Accrued expenses and other current liabilities	(71,882)	(47,408)
Net Cash Used In Operating Activities	$ (1,458,482)	(1,612,254)
Cash flows from investing activities
Investment in associated companies		$ (57,306)
Proceeds from sale of associated companies	$ 20,309
Acquisition of property and equipment		$ (3,248)
Net cash provided by (used in) investing activities	$ 20,309	(60,554)
Cash flows from financing activities
Proceeds from the issuance of common stock, net of issuance costs	724,116	1,369,647
Repayments of notes payable	(16,872)	$ (20,639)
Proceeds from convertible promissory notes payable	1,500,000
Net Cash Provided By Financing Activities	2,207,244	$ 1,349,008
Effect of exchange rate changes on cash	(41,294)	(67,742)
Net increase in cash	727,777	(391,542)
Cash and cash equivalents, beginning of year	233,068	891,592
Cash and cash equivalents, end of year	960,845	500,050
Supplemental cash flow disclosures
Interest paid	9,145	11,387
Non-cash investing and financing activities
Change in accrued expenses related to non-employee share issuances	13,080	$ 51,244
Conversion of 8% convertible promissory notes	190,000
Reallocation of noncontrolling interests	$ 129,918
Fair value of shares issued related to asset acquisition		$ 1,195,092

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (Parenthetical)	9 Months Ended
	Sep. 30, 2015
Net Cash Provided by (Used in) Operating Activities [Abstract]
Convertible promissory notes	8.00%

1. BUSINESS, ORGANIZATION AND L

1. BUSINESS, ORGANIZATION AND LIQUIDITY	9 Months Ended
	Sep. 30, 2015
Nature of Operations and Continuance of Business
1. BUSINESS, ORGANIZATION AND LIQUIDITY	Interim Condensed Consolidated Financial Statements The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and in conformity with the instructions to Form 10-Q and Rule 8-03 of Regulation S-X and the related rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, certain information and note disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. However, we believe that the disclosures included in these financial statements are adequate to make the information presented not misleading. The unaudited condensed consolidated financial statements included in this document have been prepared on the same basis as the annual consolidated financial statements, and in our opinion reflect all adjustments, which include normal recurring adjustments necessary for a fair presentation in accordance with GAAP and SEC regulations for interim financial statements. The results for the three and nine months ended September 30, 2015 are not necessarily indicative of the results that we will have for any subsequent period. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the notes to those statements for the year ended December 31, 2014 included in our Annual Report on Form 10-K. Business and Organization Symbid Corp. was incorporated as HapyKidz.com, Inc. in the state of Nevada on July 29, 2011. On September 4, 2013, we filed a Certificate of Amendment to our Articles of Incorporation with the Nevada Secretary of State to change our name from HapyKidz.com, Inc. to Symbid Corp, which we believe more accurately reflects our current business. The Company continues to be a “smaller reporting company,” as defined under the Exchange Act. Symbid Holding B.V. (“Symbid Holding”) was incorporated on October 3, 2013 organized under the laws of the Netherlands. Symbid Holding was organized to serve as the holding company for all of Symbid’s business activities in the Netherlands and in other countries. As such, on October 3, 2013, the holders of the capital shares of Symbid B.V. exchanged their shares for capital shares of Symbid Holding and, as a result, Symbid B.V. became a wholly owned subsidiary of Symbid Holding. Symbid B.V. is now the operating entity for the Company’s business in the Netherlands. On December 6, 2013, the Company closed a Share Exchange pursuant to which the 19 shareholders of Symbid Holding B.V. sold all of their capital stock in Symbid Holding B.V. to us in exchange for 21,170,000 shares of our common stock, $0.001 par value per share. Because the Company had no operations at the time of our acquisition of Symbid Holding, Symbid Holding is considered to be the predecessor Company for financial reporting purposes. The Share Exchange has been being accounted for as a “reverse acquisition,” and Symbid Holding is deemed to be the acquirer in the reverse acquisition. Consequently, the assets and liabilities and the historical operations that are reflected in the financial statements prior to the Share Exchange are those of Symbid Holding and are recorded at the historical cost basis of Symbid Holding. The condensed consolidated financial statements after completion of the Share Exchange include the assets and liabilities of Symbid Holding, historical operations of Symbid Holding and operations of the Company and its subsidiaries from the Closing Date of the Share Exchange. As a result of the issuance of the shares of our common stock pursuant to the Share Exchange, a change in control occurred as of the date of consummation of the Share Exchange. The main operating entity of Symbid Corp. is Symbid B.V. (“Symbid B.V.”) and was incorporated in Utrecht, The Netherlands on March 29, 2011 under the laws of the Netherlands. The Company was launched in April 2011 in its headquarters in Rotterdam, The Netherlands as one of the first equity based crowdfunding forerunners worldwide. Entrepreneurs use Symbid to obtain business growth funding from the crowd in exchange for a part of the equity of their company. Investors can participate for as little as $23, and become shareholders of start-up companies or growing businesses in need of capital. Founded as the provider of one of the first equity based crowdfunding platforms, our business evolved in 2015 into a fully integrated, data driven, user friendly online funding network consisting of several products and services known as The Funding Network™. The Funding Network™ is intended to give small and medium sized entities (“SMEs”) direct access to all forms of finance, while offering investors full transparency on the potential risks and return of their portfolios and was developed in response to the following funding hurdles affecting entrepreneurs and investors in general and SMEs in particular: ● Limited or no structured distribution channels for SME finance other than banks, increasing the mismatch between entrepreneurs and financiers; ● No centralized platform for (alternative) financiers, making it difficult and inefficient to find the right financier at the right time; ● No standardized data protocols for SME data, leading to costly and time-intensive (offline) screening and monitoring; ● Limited financial skills of entrepreneurs leading to unnecessary inefficiencies and obstacles within the financing process; and ● Decline in bank financing due to new regulations and recent financial crises, leaving a vacuum in the life cycle of SME financing. On February 20, 2015, Symbid Italia SPA (“Symbid Italia”), an Italian corporation was created to develop the business of equity crowdfunding in Italy, was formed by our wholly owned subsidiary, Symbid Holding B.V., together with Banca Sella Holding SPA (“Banca Sella”) and Marco Bicocchi Pichi. Through Symbid Italia, we intend to create a new online funding platform, based on our existing crowdfunding technology, in which Italian investors and entrepreneurs can connect, fund, grow together and digitalize financial services for Italian small and medium enterprises. Symbid Italia represents the first stage of the European roll-out of our crowdfunding platform outside of The Netherlands. In connection with the formation of Symbid Italia, we paid $284,525 for a 50.1% ownership interest. Banca Sella holds a 29.94% ownership interest and Mr. Pichi holds a 19.96% interest. At September 30, 2015, the Company holds a controlling interest of 50.1% in Symbid Italia, as such, the results of Symbid Italia’s operations have been included in the condensed consolidated financial statements (see Note 8). As of September 30, 2015, the Company has a 14.53% ownership in Kredietpaspoort Coöperatie U.A. (“Kredietpaspoort”), a Cooperative located in the Netherlands, through its wholly owned subsidiary Symbid B.V. and Symbid Coop, a variable interest entity which we effectively control through corporate governance rather than through any ownership further discussed in Note 4. The Kredietpaspoort is a cloud- based platform that is in development to provide credit evaluation and financing options to SME companies in the Netherlands. In addition, the Company’s Chief Commercial Officer owns a 5.72% interest in Kredietpaspoort. At December 31, 2014, the combined holdings in Kredietpaspoort by Symbid B.V., Symbid Coop and our executive officer totaled approximately 20.25% (see Note 4). During the first quarter of 2015, the Company sold its remaining interest in Gambitious Coöperatie UA (“Gambitious Coop”) to better align the goals of the Company. As of December 31, 2014, the Company, through its ownership in Gambitious Coop had a 12% indirect ownership interest in Gambitious B.V. (“Gambitious”), a company located in the Netherlands, which uses the Company’s platform to raise capital for video games produced by a wide range of developers (see Note 4). As of September 30, 2015 and December 31, 2014, the Company held a 7% ownership interest in Equidam Holding B.V. (“Equidam”). Equidam started as an online valuation tool for private companies with a particular focus on SME’s, Equidam now also offers simple monitoring services to investors on the Company’s platform. Liquidity and Going Concern Matters The accompanying condensed consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles, which contemplates continuation of the Company as a going concern. The Company has suffered recurring losses during the three months ended September 30, 2015 and 2014 of $632,293 and $750,020, respectively. Losses during the nine months ended September 30, 2015 and 2014 were $1,767,314 and $1,658,320, respectively. At September 30, 2015 and December 31, 2014, the Company had a working capital deficit of $712,174 and $456,208, respectively. As of September 30, 2015, the Company had cash on hand of $960,845 and current liabilities to credit institutions of $34,013. The recurring losses raise substantial doubt about the Company’s ability to continue as a going concern. The recoverability of a major portion of the recorded asset amounts shown in the accompanying condensed consolidated balance sheet is dependent upon continued operations of the Company, which in turn, is dependent upon the Company’s ability to raise capital and/or generate positive cash flows from operations. The financial statements do not include any adjustments related to the recoverability and classification of recorded assets and classifications that might be necessary in the event the Company cannot continue in existence.

2. SUMMARY OF SIGNIFICANT ACCOU

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2015
Summary of Significant Accounting Policies
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Principles of Consolidation The accompanying condensed consolidated financial statements include the accounts of the Company and its significant subsidiaries on a combined and consolidated basis. The Company also includes subsidiaries over which a direct or indirect legal or effective control exists and for which the Company is deemed to direct the significant activities and has the obligation to absorb the losses or benefits of the entities. Intercompany balances and transactions with other consolidated entities have been eliminated. The condensed consolidated financial statements have been prepared in accordance with U.S. GAAP, and include the Company’s accounts as well as those of a certain variable interest entity (“VIE”) for which the Company is the primary beneficiary. All inter-company accounts and transactions have been eliminated. Reclassifications Certain reclassifications have been made to the 2014 financial statements to conform to the condensed consolidated 2015 financial statement presentation. These reclassifications had no effect on net earnings or cash flows as previously reported. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires that management 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 reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Noncontrolling Interests The Company presents noncontrolling interests as a component of equity. Changes in a parent’s ownership interest while the parent retains its controlling interest will be accounted for as equity transactions, and upon loss of control, retained ownership interest will be re-measured at fair value, with any gain or loss recognized in earnings. Income and losses attributable to the noncontrolling interest associated with Symbid Coop and Symbid Italia are presented separately in the Company’s condensed consolidated statement of operations. Revenue Recognition Crowdfunding The Company generates its revenue from registration, administration and success fees within The Funding Network. Registration fee revenue is recognized as new portfolio companies register to The Funding Network. Revenue from administration fees are collected from investors and recognized on a monthly basis calculated as a percentage of the volume of investments during the reporting period. Revenue from success fees are recognized at the time the loan or equity crowdfunding proposition is successfully funded and there are no further obligations to the portfolio company. There is no credit risk since the fees are collected directly at the moment that the transaction takes place on the platform. There is no right of return to investors once a crowdfunding proposition has been successfully funded. Monitoring On June 16, 2015, Loan Crowdfunding was launched by our wholly owned subsidiary, Symbid Holding B.V. The launch of this new peer-to-business lending service is intended to complement our existing Equity Crowdfunding service and support the development of our online funding platform for start-ups and small businesses, The Funding Network. The service will make use of our monitoring technology to provide investors ongoing insights into the performance of the business to which they have lent money. All businesses funded via Loan Crowdfunding will be required to register for Monitoring by Symbid for one full year via a monthly-based subscription model. Revenue related to monitoring start packages is recognized ratably over the term of the subscription. Other Revenue related to licensing is recognized on a monthly basis determined by the contracted monthly license fee. If the monthly license fee is not paid, the Company is entitled to set the platform offline. Revenues from URL services are based on a fixed annual fees and recognized ratably over the contract period, typically one year. Revenues from website development, and white label portal agreements are recognized when an agreement is signed, the fee is fixed or determinable and collectability is reasonably assured. Fair Value of Financial Instruments The accounting standard for fair value establishes a framework for measuring fair value and enhances fair value measurement disclosure. Under the provisions of the pronouncement, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e., the “exit price”) in an orderly transaction between market participants at the measurement date. GAAP establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs that market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company’s assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The hierarchy is described below: Level 1: Quoted prices (unadjusted) in active markets that are accessible at the measurement date for assets or liabilities. The fair value hierarchy gives the highest priority to Level 1 inputs. Level 2: Observable prices that are based on inputs not quoted on active markets, but corroborated by market data. Level 3: Unobservable inputs are used when little or no market data is available. The fair value hierarchy gives the lowest priority to Level 3 inputs. The Company’s current financial assets and liabilities approximate fair value due to their short term nature and include cash accounts. The Company’s borrowings approximate fair value as the rates of interest are similar to what they would receive from other financial institutions. Refer to Note 10 on derivative liability- warrants which have been classified as Level 3 instruments. Derivative Liability - Warrants In connection with the December 6, 2013 private placement offering (“PPO”) with a final closing on May 20, 2014, the Company issued warrants to purchase shares of its common stock to investors who purchased units in the PPO (“Investor Warrants”). The Company also issued warrants to purchase shares of its common stock to brokers in connection with the PPO (“Broker Warrants”). Both the Investor and Broker Warrants, at the option of the holder, may be exercised by cash payment of the exercise price to the Company. The warrants may be exercised on a cashless basis in accordance with the warrant agreement commencing one year after the initial closing date of the PPO if no registration statement registering the shares underlying the warrants is then in effect. Further, the exercise price and number of shares of common stock issuable on exercise of the warrants may be adjusted in certain circumstances including stock splits, stock dividends, and future issuances of the Company’s equity securities. As a result, the fair value of these warrants were classified as liabilities under the provisions of FASB ASC Topic 815-40, Contracts in an Entity’s Own Equity, as they are not indexed to the Company’s own stock. The fair value of these warrants was estimated using a Monte Carlo simulation. The Company updates its estimate of the fair value of the warrant liabilities in each reporting period as new information becomes available and any gains or losses resulting from the changes in fair value from period to period are included as other income or expense. The Company thus uses model-derived valuations where inputs are observable in active markets to determine the fair value and accordingly classify such warrants in Level 3 in the fair value hierarchy per ASC 820, Fair Value Measurements. Concentrations of Credit Risk Cash Held in Banks The Company has cash balances at financial institutions located in the Netherlands. Balances at financial institutions in the Netherlands may, from time to time, exceed insured limits. Currently the insured limit amounts to $112,000. Accounts Receivable Customer accounts typically are collected within a short period of time, and based on its assessment of current conditions and its experience collecting such receivables, management believes it has no significant risk related to its concentration within its accounts receivable. Foreign Currency Translation The Company uses the United States dollar (“U.S. dollars” or “USD”) for financial reporting purposes and to maintain its books and records. The Company’s subsidiaries maintain their books and records in their functional currency, the Euro (“EUR”), the currency of the Netherlands. In general, for consolidation purposes, the Company translates its assets and liabilities into U.S. dollars using the applicable exchange rates prevailing at the balance sheet date, the statements of operations and cash flows are translated at average exchange rates during the reporting period. As a result, amounts related to assets and liabilities reported on the statement of cash flows will not necessarily agree with changes in the corresponding balances on the balance sheet. Equity accounts are translated at historical rates. Adjustments resulting from the translation of the financial statements are recorded as accumulated other comprehensive income or loss. As of September 30, 2015 and December 31, 2014, the balance sheet accounts, with the exception of equity, were translated at 1 EUR to $1.1243 and $1.2155, respectively. The average translation rates applied to the statements of operations and cash flows for the three months ended September 30, 2015 and 2014 were 1 EUR to $1.1122 and 1 EUR to $1.3266, respectively. The average translation rates applied to the statements of operations and cash flows for the nine months ended September 30, 2015 and 2014 were at 1 EUR to $1.1154 and 1 EUR to $ 1.3560, respectively. Property and Equipment Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is charged to operations using the straight-line method over the estimated useful lives of 5 years. Property and equipment consists mainly of computers. Expenditures for maintenance and repairs are charged to operations as incurred. Expenditures for betterments and major renewals are capitalized. The cost of assets sold or retired and the related amounts of accumulated depreciation are eliminated from the accounts in the period of disposal, and any resulting gains or losses are included in operations. Intangible Assets with Definite Lives An intangible asset arose as the result of the acquisition of the FAC B.V., a limited liability entity incorporated in the Netherlands, resulting in the acquisition of a perpetual, worldwide, exclusive license to a software library of infrastructure technology. The Company amortizes the costs of the acquired intangible asset using the straight- line method over the estimated useful life of 7 years. The carrying value of the intangible asset with a definite life is reviewed on a regular basis for the existence of facts or circumstances that the intangible asset may be impaired. An asset is considered impaired when the undiscounted future cash flows expected to result from its planned use are less than the carrying value. If the carrying value of an asset is deemed not recoverable, it is adjusted downward to its estimated fair value. Income Taxes Income taxes have been determined using the asset and liability approach of accounting for income taxes. Under this approach, deferred taxes represent the future tax consequences expected to occur when the reported amounts of assets and liabilities are recovered or paid. Deferred taxes result from differences between the financial statement and tax bases of the Company’s assets and liabilities and are adjusted for changes in tax rates and tax laws when changes are enacted. Valuation allowances are recorded to reduce deferred tax assets when it is more likely than not that a tax benefit will not be realized. The assessment of whether or not a valuation allowance is required often requires significant judgment. Net Loss Per Common Share Basic and diluted net loss per share is presented in conformity with ASC Topic 260, Earnings per Share, for all periods presented. In accordance with this guidance, basic and diluted net loss per share was determined by dividing net loss applicable to common stockholders by the weighted- average common shares outstanding during the period. In a period where there is a net loss position, diluted weighted average shares are the same as basic weighted average shares. Shares used in the diluted net loss per common share calculation exclude potentially dilutive share equivalents as the effect would be antidilutive. Risks and Uncertainties The Company’s operations are subject to a number of risks, including but not limited to, changes in the general economy, demand for the Company’s platform, the success of its customers, research and development results, uncertainties surrounding crowdfunding rules and regulations, and the ability to attract new funding. Accounts Receivable Accounts receivable are carried at the amount billed to a customer, net of the allowance for doubtful accounts, which is an estimate for credit losses based on a review of all outstanding amounts on a monthly basis. Management determines the allowance for doubtful accounts by regularly evaluating individual customer receivables and considering a customer’s financial condition, credit history and current economic conditions. Accounts receivable are written off when deemed uncollectible. Recoveries of accounts receivable previously written off are recorded when received. The Company reviews the collectability of accounts receivable based on an assessment of historical experience, current economic conditions, and other collection indicators. At September 30, 2015 and December 31, 2014, the Company has recorded an allowance for doubtful accounts for $18,446 and $4,672, respectively. Comprehensive Loss Comprehensive loss refers to revenues, expenses, gains and losses that under U.S. GAAP are included in comprehensive loss but are excluded from net loss as these amounts are recorded directly as an adjustment to stockholders’ equity. The Company’s other comprehensive loss is comprised of foreign currency translation adjustments. Cost Method Investments Direct and or indirect investments in business entities in which the Company does not have a controlling financial interest and has no ability to exercise significant influence on operating and financial policies (generally 0-20 percent ownership) are accounted for by the cost method. Equity Method Investments Direct and/or indirect investments in business entities in which the Company does not have a controlling financial interest, but has the ability to exercise significant influence on operating and financial policies (generally 20-50 percent ownership) are accounted for by the equity method. Recent Accounting Pronouncements No new accounting standards have been adopted since the Company filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2014. No recently issued accounting pronouncements had or are expected to have a material impact on the Company’s condensed consolidated financial statements.

3. VARIABLE INTEREST ENTITY- SY

3. VARIABLE INTEREST ENTITY- SYMBID COOP	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
3. VARIABLE INTEREST ENTITY- SYMBID COOP	The Company holds a variable interest in Symbid Coöperatie UA (“Symbid Coop”). Symbid Coop is the lessee of the Company’s online crowdfunding platform. Symbid B.V. licenses the online platform exclusively to Symbid Coop. The management of Symbid Coop is the same as the management of Symbid B.V. and Symbid Holding. The Company has an implicit variable interest in Symbid Coop through common control and management has the ability to compel payment whether stated or silent in the lease agreement. The Company is deemed to be the primary beneficiary of Symbid Coop and has a controlling financial interest as it has the power to direct the activities of the VIE that most significantly impact Symbid Coop’s economic performance. The Company reassesses every reporting period the presentation of Symbid Coop to conclude if consolidation is required. As such, the conclusion regarding the primary beneficiary status is subject to change and circumstances are continually reevaluated. The classification and carrying amounts of assets and liabilities of Symbid Coop in the condensed consolidated balance sheet are as follows: September 30, 2015 December 31, 2014 Current assets $ 31,639 $ 43,497 Current liabilities $ 125,191 $ 121,521 The assets related to Symbid Coop are not restricted.

4. INVESTMENTS IN ASSOCIATED CO

4. INVESTMENTS IN ASSOCIATED COMPANIES	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
4. INVESTMENTS IN ASSOCIATED COMPANIES	Kredietpaspoort As of April 2014, Symbid B.V. and Symbid Coop acquired membership interests of 6.50% and 6.03% of Kredietpaspoort, respectively. The initial investments in Kredietpaspoort by Symbid B.V. and Symbid Coop of approximately $17,000 and $16,000, respectively, are recorded in Investments in Associated Companies. In addition, during 2014 our Chief Executive Officer and Chief Commercial Officer, both of whom are Directors of the Company, each acquired membership interests of 5.15% and 4.96%, respectively, in Kredietpaspoort. In December of 2014, our Chief Executive Officer sold his interest of 5.15% in Kredietpaspoort, also there was a re-allocation of memberships. At September 30, 2015, our Chief Commercial Officer holds an interest of 5.72%, while the interests of each Symbid Coop and Symbid B.V. are 6.96% and 7.57%, respectively. As a result our combined interest decreased from 22.64% to 20.25%. The Company continues to account for its investment in Kredietpaspoort on the equity method basis of accounting, as Symbid has the ability to exercise significant influence over the operating and financial policies of Kredietpaspoort through representation on the Kredietpaspoort board of directors and the combined voting interest of Symbid and its Chief Commercial Officer. As of December 31, 2014, the Kredietpaspoort investment balance has been reduced to nil, as the Company has suffered losses beyond the initial investment balance. As of September 30, 2015, the initial investment has not been recovered. Gambitious In previous periods, the Company had an indirect ownership interest in Gambitious B.V. (“Gambitious”), a Company located in the Netherlands, which used the Company’s platform to raise capital for video games produced by a wide range of developers. On February 9, 2015, we sold our remaining 12% indirect interest in Gambitious for $20,360 and recorded a gain on investment of approximately $11,500 which is included in other income in the condensed consolidated statement of operations for the nine month period ended September 30, 2015. The Company feels that Gambitious is no longer a strategic fit with its evolving operations for the following reasons; Gambitious B.V. had incurred losses during 2014, the decision by Gambitious B.V. to switch its business focus to the publishing of games and the requirement of additional capital contributions from its existing owners. As of December 31, 2014, the Company remained an indirect shareholder in Gambitious B.V. for 12% of total shares issued. At December 31, 2014, the Company has accounted for its investment in Gambitious Coöperatie UA (“Gambitious Coop”) on the equity method basis of accounting. In May 2014, the Company sold 193 memberships in Gambitious Coop. As a result of this transaction, the Company had a direct interest in Gambitious Coop of 42%. In April 2014, the Company participated in a funding round of Gambitious and contributed capital of approximately $25,000. In February 2014, the Company sold 912 memberships in Gambitious Coop. As a result of this transaction, the Company’s direct interest in Gambitious Coop decreased from 63% to 46% and the Company lost its controlling interest. Accordingly, during the first quarter of 2014 Symbid deconsolidated the assets, liabilities and equity components related to Gambitious Coop and recognized a loss in other income and expense of $1,631 for the three months ended March 31, 2014. The deconsolidation of Gambitious Coop did not have a material impact on the condensed consolidated financial statements of the Company. Equidam In August 2013, the Company acquired a 10% interest in Equidam for $ 1,128. As of September 30, 2015, the Company currently has a 7% ownership in Equidam, as the initial investment was diluted through a subsequent round of seed funding. The Company is accounting for their investment in Equidam on the cost basis. There have been no intercompany transactions with Equidam in the reporting period.

5. ACCRUED EXPENSES AND OTHER C

5. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	9 Months Ended
	Sep. 30, 2015
Payables and Accruals [Abstract]
5. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	September 30, 2015 December 31, 2014 Advisory and professional costs $ 75,669 $ 44,591 Travel and hotel costs - 4,478 Development costs - 14,174 Management fees - 11,190 Interest 19,297 10,717 Wage tax' return 3,023 17,992 Holiday pay allowance/Net salary 32,424 53,555 Penalty waiver 14,630 14,630 Marketing costs 19,465 70,347 Accrued stock liability 8,761 21,841 VAT related to Symbid Coop. - 10,828 Other current liabilities 15,900 17,197 $ 189,169 $ 291,540 All amounts are payable within one year.

6. NOTES PAYABLE

6. NOTES PAYABLE	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
6. NOTES PAYABLE	September 30, 2015 December 31, 2014 Line of credit $ - $ - Working capital facility 102,024 128,685 Subordinated loan – related party 75,272 81,378 8% Convertible promissory notes 545,756 - Total notes payable 723,052 210,063 Less - Current Maturities (34,013 ) (118,149 ) Notes payable, less current maturities $ 689,039 $ 91,914 Working Capital Facility The Company has two credit facilities with the Rabobank, a national bank in the Netherlands. The facility consists of the following two agreements: 1. Long term loan for approximately $204,000, bears interest of 6.4%, principal and interest is payable quarterly. The loan decreases on a quarterly basis by approximately $8,000, starting on September 30, 2012. As of September 30, 2015, the loan balance was approximately $102,000. 2. A line of credit of approximately $67,000 with a floating interest rate of approximately 8.4% and 8.15% at September 30, 2015 and December 31, 2014, respectively. There was no balance on the credit facility at September 30, 2015. The working capital facility is secured by the following assets: 1. Assets of the Company including receivables and intellectual property developed by the Company. 2. Guarantee by principal members of management up to approximately $55,000. 3. Guarantee by the Netherlands government for the remaining balance in a hypothetical liquidation up to approximately $244,000. 8% Convertible Promissory Notes On June 10, 2015, the Company entered into a subscription agreement to conduct a private offering consisting of a minimum of $250,000 and up to a maximum of $1,500,000 of 8% unsecured convertible promissory notes (the “Notes”), convertible into common shares of the Company’s common stock. The Notes have a three year maturity from the date of issue and interest is payable annually. The Notes may be redeemed at any time after issuance by the Company for a pre-payment fee of 10% of the principal balance plus outstanding interest due. The Notes have an optional conversion feature price of $.25 per share that can be exercised any time. However, upon maturity the mandatory conversion price is the lesser of (a) $0.25 or (b) the amount equal to 20% discount to the 10 day volume weighted average price per share for the period immediately prior to the mandatory conversion date with a floor price of $0.10 per share. The subscribers have been granted preemptive rights allowing participation in future financings at the then current price for a term of three years so that such subscriber may maintain its pro-rata interest in the Company. We evaluated the notes under ASC 480, Distinguishing Liabilities from Equity Derivatives and Hedging Because the conversion rate of the Notes was less than the market value of the Company’s stock on the closing dates, the Company will record a beneficial conversion feature (“BCF”). The BCF is calculated by using the most favorable conversion price that would be in effect at the conversion date to measure the intrinsic value of an embedded conversion option. The BCF is recorded to additional paid-in capital with an offset to debt discount as prescribed by ASC 470-20. The discount against the Notes will be accreted to interest expense using the effective interest rate method. On July 14, 2015 the initial closing of the Notes took place under which the Company raised $250,000 from a total of seven investors. The Company recorded a debt discount related to the BCF of $62,500 resulting in an effective interest rate of 9.70%. For the three and nine months ended September 30, 2015, the Company recorded non-cash interest expense of $922 related to the amortization of the debt discount. Accrued interest at September 30, 2015 is $1,013 and included in accrued expenses and other current liabilities. Debt issue costs associated with the initial closing were insignificant. On July 14, 2015, four investors from the July 14, 2015 closing converted an aggregate of $190,000 in Notes into 760,000 shares of unregistered common stock. The conversion resulted in the recording of $47,500 in interest expense and a corresponding reduction to the debt discount associated with these Notes. On September 8, 2015 the Company held the final closing of the Notes under which it raised $1,250,000 from a total of six investors. The Company recorded a debt discount related to the BCF of $759,876 resulting in an effective interest rate of 32.42%. For the three and nine months ended September 30, 2015, the Company recorded non-cash interest expense of $9,710 related to the amortization of the debt discount. Accrued interest at September 30, 2015 is $6,111 and included in accrued expenses and other current liabilities. Debt issue costs associated with the final closing were insignificant. Convertible promissory notes payable as of September 30, 2015 are as follows: Principal Accrued Interest Debt Discount Balance As of September 30, 2015 8% Convertible promissory notes July 14, 2015 $ 60,000 $ 1,013 $ (14,078) $ 46,935 8% Convertible promissory notes September 8, 2015 1,250,000 6,111 (750,166) 505,945 $ 1,310,000 $ 7,124 $ (764,244 ) $ 552,880 Subordinated Loan - Related Party On September 15, 2011, the Company entered into a loan agreement with a stockholder of the Company for approximately $74,000 due on September 15, 2015 with interest only payments of 4% per annum. On September 15, 2015, the maturity date of the loan was extended to December 31, 2016. The loan is subordinate to the interests of the working capital facility and is unsecured. As of September 30, 2015 accrued and unpaid interest is $10,840. Aggregate Maturity Schedule of Borrowings The aggregate maturities of long-term debt outstanding as of September 30, 2015 are as follows: Year ending September 30, 2016 $ 34,013 2017 109,284 2018 1,343,999 $ 1,487,296

7. CAPITAL STOCK

7. CAPITAL STOCK	9 Months Ended
	Sep. 30, 2015
Equity [Abstract]
7. CAPITAL STOCK	Common and Preferred Stock The Company’s Certificate of Incorporation authorizes the issuance of 300,000,000 shares of capital stock, consisting of 290,000,000 shares of Common Stock and 10,000,000 shares of “blank check” preferred stock, $0.001 par value per share. Net Loss per Share Basic and diluted net loss per share is presented in conformity with ASC Topic 260, Earnings per Share, for all periods presented. In accordance with this guidance, basic and diluted net loss per common share was determined by dividing net loss applicable to common stockholders by the weighted-average common shares outstanding during the period. In a period where there is a net loss position, diluted weighted-average shares are the same as basic weighted-average shares. Shares used in the diluted net loss per common share calculation exclude potentially dilutive share equivalents as the effect would be antidilutive. As of September 30, 2015 there are 5,853,530 Investor and 93,000 Broker Warrants which are excluded on the aforementioned basis. Unvested shares are excluded from the computation of basic earnings per share unless they are considered “participating securities”, but are included in computing diluted earnings per share. As of September 30, 2015, there are 211,332 unvested shares. As of September 30, 2015, there are 5,651,176 shares related to the convertible Notes that would be potentially dilutive if converted. Private Placement Offerings On June 16, 2015, the Company completed a private placement offering in which 200,000 shares of common stock were sold to a related party at $.50 per share generating gross proceeds of $100,000. In connection with the private placement offering the Company incurred advisory and professional fees of $1,050. On January 28, 2015, the Company completed a private placement offering in which 1,248,232 shares of common stock were sold at $.50 per share generating gross proceeds of $624,116. In connection with the private placement offering the Company incurred advisory and professional fees of $21,410. On May 20, 2014 and February 5, 2014, the Company completed closings under the December 6, 2013 PPO in which 2,380,810 and 373,984 units were sold, respectively. Each unit consisted of one share of common stock and one warrant to purchase one share of common stock. The May 20, 2014 and February 5, 2014 closings under the December 6, 2013 PPO generated gross proceeds of $1,190,405 and $186,987, respectively. In connection with the May 20, 2014 closing, we incurred advisory and professional fees of $81,724, none of which were allocated to equity issuance costs and deducted from additional paid- in capital. In connection with the February 5, 2014 closing, we incurred advisory and professional fees of $80,251, of which issuance costs of $7,750 were allocated to equity issuance costs and deducted from additional paid in capital. The following table displays the allocation of proceeds in connection with the December 6, 2013 PPO for the nine months ended September 30, 2014: Gross proceeds from the PPO $ 1,377,392 Issuance costs (7,750 ) Proceeds allocated to warrant liability (264,369 ) Proceeds allocated to common stock $ 1,105,273 2013 Stock Incentive Plan Before the Share Exchange on December 6, 2013, our Board of Directors adopted, and our stockholders approved, our 2013 Equity Incentive Plan (the “2013 Plan”), which provides for the issuance of incentive awards of up to 5,000,000 shares of our common stock to officers, key employees, consultants and directors. Refer to Note 9 on share based compensation plans. Common Stock Issued for Services During the three months ended September 30, 2015 and 2014, the Company issued 71,991 and 123,872 shares common stock as consideration for professional services valued at $21,930 and $56,536, respectively. During the nine months ended September 30, 2015 and 2014, the Company issued 74,991 and 189,570 shares common stock as consideration for professional services valued at $22,560 and $88,859, respectively. During the three and nine months ended September 30, 2015, the Company issued 222,763 and 455,913 shares of fully vested restricted common stock to non- employee advisors and consultants as consideration for services performed. The fair value of fully vested restricted common stock issued to advisors and consultants during the three and nine months ended September 30, 2015 was $66,474 and $159,826. Cancellation of Escrow Shares In connection with the Share Exchange described in Note 1, 9,170,000 shares of the Company’s common stock was held in escrow for the potential acquisitions of Gambitious and Equidam (“Acquisition Escrow Shares”) and an additional 600,000 shares was placed in escrow to secure the indemnification obligations of the shareholders of the Company. Of the 9,170,000 shares held in escrow, 5,000,000 and 3,000,000 of the Acquisition Escrow Shares were assigned to the potential acquisitions of Gambitious and Equidam, respectively. The remaining 1,170,000 shares in escrow are in recognition of the pre- Share Exchange shareholders ownership interests in Gambitious of 18%, resulting in 900,000 shares, and Equidam of 9%, resulting in 270,000 shares, which are to be distributed on a pro- rata basis to the pre- Share Exchange shareholders of the Company upon the earlier of (i) the closings of the respective acquisitions of Gambitious or Equidam or (ii) six months following the close of the Share Exchange on June 6, 2014. Cancellation of Escrow Shares On June 6, 2014, the Company determined not to proceed with the purchase of the additional shares in Gambitious, resulting in the cancellation of the 5,000,000 shares of common stock held in escrow. An additional 300,000 shares were cancelled from the 900,000 shares due to the pre- Share Exchange shareholders as a result of subsequent sales of membership interests in Gambitious BV in February 2014 and May 2014 described in Note 4, which reduced the Company’s indirect ownership interest in Gambitious from 18% to 12%. On September 2, 2014, the Company determined not to proceed with the purchase of the additional shares in Equidam, resulting in the cancellation of the 3,000,000 shares of common stock held in escrow.

8. NONCONTROLLING INTERESTS

8. NONCONTROLLING INTERESTS	9 Months Ended
	Sep. 30, 2015
Noncontrolling Interest [Abstract]
8. NONCONTROLLING INTERESTS	The composition of the net loss attributable to noncontrolling interests are as follows: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Symbid Coop- 100% $ (14,149 ) $ (14,631 ) $ (24,371 ) $ (29,652 ) Symbid Italia – 49.9% (13,328 ) — (34,109 ) — Gambitious Coop* — — — (602 ) Total $ (27,477 ) $ (14,631 ) $ (58,480 ) $ ( 30,254 ) * Prior to the loss of control in Gambitious Coop in February 2014, the Company held a noncontrolling interest of 37%. The composition of noncontrolling interests as reported in the balance sheets are as follows: September 30, 2015 December 31, 2014 Symbid Coop - 100% $ (96,762 ) $ (78,025 ) Symbid Italia – 49.9% 111,421 - Total equity (deficit) attributable to noncontrolling interests $ 14,659 $ (78,025 ) Symbid Italia In connection with the formation of Symbid Italia on February 20, 2015 (Refer to Note 1), the Company paid $284,525 for a 50.1% ownership interest. Two other shareholders obtained 29.94% and 19.96% ownership interests and collectively own a 49.9% noncontrolling interest in Symbid Italia. Upon formation, to reflect the Company’s 50.1% equity interest in Symbid Italia, we reduced our investment through a charge to additional paid capital of $129,918. The reduction to additional paid in capital reallocated the equity balances between the Company’s controlling interest and the noncontrolling interest.

9. SHARE BASED COMPENSATION PLA

9. SHARE BASED COMPENSATION PLANS	9 Months Ended
	Sep. 30, 2015
Compensation and Retirement Disclosure [Abstract]
9. SHARE BASED COMPENSATION PLANS	2013 Stock Incentive Plan Under the 2013 Plan, 5 million shares of the Company’s common stock have been reserved for issuance to officers, employees, directors, consultants and advisors to the Company. The 2013 Plan provides for grants of options, stock appreciation rights, performance share awards, restricted stock and restricted stock unit awards (“the Awards”). Up to 1,666,666 shares may be granted during the first 12 months following the Share Exchange and the remaining 3,333,332 shares may be granted during the first 24 months following the Share Exchange. As of September 30, 2015 there are 3,716,932 shares available for issuance under the 2013 Plan. The vesting period for the Awards under the 2013 Plan is determined by the Board at the date of grant. During the three months ended September 30, 2015, we awarded 133,332 restricted stock units ("RSUs") to four board members under the 2013 Plan. During the nine months ended September 30, 2015, we awarded 280,568 RSUs to three employees, two members of management and four board members under the 2013 Plan. During the nine months ended September 30, 2015 there were 9,750 forfeitures of restricted stock. During the three and nine months ended September 30, 2014 we awarded 905,750 restricted stock units ("RSUs") to 16 employees including our four executive officers. There were no forfeitures of RSU’s during the nine months ended September 30, 2014. Each restricted stock unit represents the right to receive one share of our restricted common stock upon vesting. During the three and nine months ended September 30, 2015, 8,000 and 888,736 RSUs vested. During the three and nine months ended September 30, 2015, there were nil and 9,750 forfeitures , which is measured based on the publicly traded share price. The Company recognized share based compensation expense for employee awards of approximately $11,000 for the three months ended September 30, 2015, of which $10,000 and $1,000 was recorded in selling, general and administrative expenses and research and development, respectively. The Company recognized share based compensation expense for employee awards of approximately $242,000 for the nine months ended September 30, 2015, of which $209,000 and $33,000 is recorded in selling, general and administrative expenses and research and development, respectively. The Company recognized share based compensation expense for employee Awards of approximately $80,000 for the three and nine month periods ended September 30, 2014, of which $77,000 and $3,000 was recorded in selling, general and administrative expenses and research and development, respectively. Unrecognized compensation expense for unvested employee RSUs at September 30, 2015 was approximately $29,000, which is expected to be recognized over the remaining weighted average period of .69 years. Non-employee Share Based Compensation Share- based compensation expense related to restricted stock and restricted stock units (collectively ‘Non-Employee Awards’) granted to non- employees is measured at the fair value of consideration received or the fair value of the equity instruments issued or liabilities incurred, whichever is more reliably measured. The cost of the share based payments to non- employees that are fully vested and non- forfeitable as at the grant date are remeasured and recognized at that date, unless there is a contractual term for services, in which case such compensation would be amortized over the contractual term. During the nine months ended September 30, 2015, we awarded 30,000 RSU’s to one advisor under the 2013 Plan. There were no grants during the three month period ended September 30, 2015. During the three and nine month periods ended September 30, 2015, 56,500 and 137,500 Awards vested. During the nine month period ended September 30, 2014, 19,000 Awards vested. As of September 30, 2015, no non-employees have forfeited restricted stock or RSUs awarded under the 2013 Plan. Under the 2013 Plan, for the three and nine months ended September 30, 2015, the Company recognized share based compensation expense for non-employees of $11,000 and $30,000. As of September 30, 2015, the Company has recorded approximately $9,000 in accrued expenses and other liabilities related to these non- employee share arrangements, which are either subject to continued contractual service conditions or have not been settled in common stock of the Company. Unrecognized compensation expense for unvested non-employee RSUs at September 30, 2015 was approximately $15,000, which is expected to be recognized over a weighted average of 0.36 years.

10. DERIVATIVE LIABILITY - WARR

10. DERIVATIVE LIABILITY - WARRANTS	9 Months Ended
	Sep. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
10. DERIVATIVE LIABILITY - WARRANTS	The fair value of 5,853,530 investor and 93,000 broker warrants issued, under which an aggregate of the 5,946,530 shares of the Company’s common stock may be purchased in connection with the December 6, 2013 PPO, totaled $570,268, of which $558,996 related to Investor Warrants and $11,272 related to Broker Warrants. The Company used a Monte Carlo simulation to estimate the fair value of the warrants. In order to estimate the fair value of the anti-dilution feature, the Company estimated the potential impact of future financing needs on the warrants. A Monte Carlo simulation is a method used to iteratively calculate the value of the warrants using simulated stock price paths over the life of the warrants. The fair value of the warrants issued was recorded in accordance with FASB ASC Topic 815-40, Contracts in Entity’s Own Equity. Accordingly, the Company determined that the fair value of the warrants represented a liability because the warrants had an anti-dilution restriction. The fair value of the warrants was recalculated each reporting period with the change in value taken as other income or expense in the Condensed Consolidated Statements of Operations. As of May 19, 2015, February 4, 2015, December 5, 2014, the anti-dilution provision on the warrants issued May 20, 2015, February 5, 2014 and December 6, 2013, respectively, expired. The expiration of this term resulted in the reclassification of warrants into equity. The following table summarizes the activity in Derivative liability- warrants within long term liabilities for the periods indicated: Nine Months Ended September 30, 2015 December 31, 2014 Fair Value of Warrant Liability Fair Value of Warrants Issued Change in Fair value of Warrant Liabilities Reclassification of Warrants to Equity, period ended September, 30, 2015 September 30, 2015 Fair Value of Warrant Liability Investor Warrants $ 151,763 $ - $ 7,791 $ (159,554 ) $ - Broker Warrants 1,391 - - (1,391 ) - Total $ 153,154 $ - $ 7,791 $ (160,985 ) $ - Nine Months Ended September 30, 2014 December 31, 2013 Fair Value of Warrant Liability Fair Value of Warrants Issued Change in Fair value of Warrant Liabilities Reclassification of Warrants to Equity, period ended September 30, 2014 September 30, 2014 Fair Value of Warrant Liability Investor Warrants $ 294,298 $ 262,521 $ (159,977 ) $ - $ 396,842 Broker Warrants 9,364 1,854 (1,008 ) - 10,210 Total $ 303,662 $ 264,375 $ (160,985 ) $ - $ 407,052

11. RELATED PARTY TRANSACTIONS

11. RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2015
Related Party Transactions
11. RELATED PARTY TRANSACTIONS	Management Fees Following the Share Exchange on December 6, 2013, the three officers of the Company entered into employment agreements and became salaried employees of Symbid Corp. During the three and nine month periods ended September 30, 2015, there were no expenses recorded under these agreements. As of December 31, 2014, balances due under these agreements were approximately $11,000 and are recorded in accounts payable and accrued expenses. During the three month and nine month periods ended September 30, 2014, total expenses recorded under these agreements were approximately $39,000 and $178,000, respectively. Other See Note 6 for related party financing arrangement with a related party.

12. COMMITMENTS

12. COMMITMENTS	9 Months Ended
	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
12. COMMITMENTS	Financial Public Relations Agreement (“FPR Agreement”) On July 1, 2015, we entered into the FPR Agreement with Dynasty Wealth, LLC, (“Dynasty”) a Nevada limited liability corporation, pursuant to which we engaged Dynasty, on an independent contractor basis, to provide us with financial public relations services. The agreement had an initial term through August 31, 2015. The consulting fee for the initial term was paid during the three month period ended September 30, 2015 in the form of 60,000 shares of our common stock. Subsequent to the initial term the FPR agreement is subject to extension for up to three years. upon the achievement of certain milestones. On September 1, 2015, the agreement was extended and the Company will pay Dynasty $10,000 per month, payable in cash, common stock or a combination thereof. As additional compensation to Dynasty for services rendered pursuant to the Agreement, we will issue Dynasty up to one million six hundred thousand (1,600,000) warrants to purchase shares of our common stock at a price of $0.50 per share. The issuance of the warrants is tied to the satisfaction of certain performance metrics involving market capitalization. Fortion Agreement On December 8, 2014 we entered into an agreement with Fortion Holding B.V., a Netherlands limited liability corporation conducting its business under the trade name Credion. Under the agreement with Credion, for the period January 1, 2015 through December 31, 2017, we may be required to issue up to an additional 1,000,000 shares of our restricted common stock as follows: For the year ended December 31, Shares of Restricted Common Stock 2015 250,000 2016 500,000 2017 250,000 1,000,000 The number of shares to be issued for each of 2015, 2016 and 2017 will be based upon the number of monitoring start packages of EUR 300 times the number of companies purchasing those packages from us that have been introduced to us by Credion. The value of this turnover will be translated into a number of shares of restricted stock based on the fair value valuation as at December 31 of the relevant time periods as defined in the table above, and maximized at the number of shares for the specific period payable on December 31, 2015, 2016 and 2017. For the three and nine months ended September 30, 2015, no monitoring start packages were sold under the agreement, as such, no shares have accrued or issued. Advisory Services As of September 18, 2014, the Company entered into an Advisory Agreement with Capital Markets Group LLC to provide investor and public relations services for a 12 month period for approximately $5,000 per month. The Company terminated the contract as of March 18, 2015 after 5 months, which was after the one month notice period. Rental Agreement As of January 1, 2014, the Company entered into a new rental agreement for its corporate offices in the Netherlands. Rent payments are $1,600 per month. The term of the rental agreement is two years and expires December 31, 2015. The annual commitment under this lease is approximately $19,000.

13. SUBSEQUENT EVENTS

13. SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2015
Subsequent Events [Abstract]
13. SUBSEQUENT EVENTS	On November 11, 2015, we entered into the First Amendment (the “Amendment”), effective as of August 31, 2015, to our July 1, 2015 Financial Public Relations Agreement (the “Agreement”) with Dynasty Wealth, LLC, (“Dynasty”) a Nevada limited liability corporation. Pursuant to the Agreement, we engaged Dynasty, on an independent contractor basis, to provide us with financial public relations services. The Agreement had an initial term that ran until August 31, 2015 and was subject to extension for up to three years thereafter upon the achievement of certain milestones. Although the milestones were not achieved we agreed to extend the Agreement by signing the Amendment whereby we agreed upon new milestones.

2. SUMMARY OF SIGNIFICANT ACC21

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2015
Significant Accounting Policies
Principles of Consolidation	The accompanying condensed consolidated financial statements include the accounts of the Company and its significant subsidiaries on a combined and consolidated basis. The Company also includes subsidiaries over which a direct or indirect legal or effective control exists and for which the Company is deemed to direct the significant activities and has the obligation to absorb the losses or benefits of the entities. Intercompany balances and transactions with other consolidated entities have been eliminated. The condensed consolidated financial statements have been prepared in accordance with U.S. GAAP, and include the Company’s accounts as well as those of a certain variable interest entity (“VIE”) for which the Company is the primary beneficiary. All inter-company accounts and transactions have been eliminated.
Reclassifications	Certain reclassifications have been made to the 2014 financial statements to conform to the condensed consolidated 2015 financial statement presentation. These reclassifications had no effect on net earnings or cash flows as previously reported.
Use of Estimates	The preparation of financial statements in conformity with U.S. GAAP requires that management 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 reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Noncontrolling Interests	The Company presents noncontrolling interests as a component of equity. Changes in a parent’s ownership interest while the parent retains its controlling interest will be accounted for as equity transactions, and upon loss of control, retained ownership interest will be re-measured at fair value, with any gain or loss recognized in earnings. Income and losses attributable to the noncontrolling interest associated with Symbid Coop and Symbid Italia are presented separately in the Company’s condensed consolidated statement of operations.
Revenue Recognition	Crowdfunding The Company generates its revenue from registration, administration and success fees within The Funding Network. Registration fee revenue is recognized as new portfolio companies register to The Funding Network. Revenue from administration fees are collected from investors and recognized on a monthly basis calculated as a percentage of the volume of investments during the reporting period. Revenue from success fees are recognized at the time the loan or equity crowdfunding proposition is successfully funded and there are no further obligations to the portfolio company. There is no credit risk since the fees are collected directly at the moment that the transaction takes place on the platform. There is no right of return to investors once a crowdfunding proposition has been successfully funded. Monitoring On June 16, 2015, Loan Crowdfunding was launched by our wholly owned subsidiary, Symbid Holding B.V. The launch of this new peer-to-business lending service is intended to complement our existing Equity Crowdfunding service and support the development of our online funding platform for start-ups and small businesses, The Funding Network. The service will make use of our monitoring technology to provide investors ongoing insights into the performance of the business to which they have lent money. All businesses funded via Loan Crowdfunding will be required to register for Monitoring by Symbid for one full year via a monthly-based subscription model. Revenue related to monitoring start packages is recognized ratably over the term of the subscription. Other Revenue related to licensing is recognized on a monthly basis determined by the contracted monthly license fee. If the monthly license fee is not paid, the Company is entitled to set the platform offline. Revenues from URL services are based on a fixed annual fees and recognized ratably over the contract period, typically one year. Revenues from website development, and white label portal agreements are recognized when an agreement is signed, the fee is fixed or determinable and collectability is reasonably assured.
Fair Value of Financial Instruments	The accounting standard for fair value establishes a framework for measuring fair value and enhances fair value measurement disclosure. Under the provisions of the pronouncement, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e., the “exit price”) in an orderly transaction between market participants at the measurement date. GAAP establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs that market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company’s assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The hierarchy is described below: Level 1: Quoted prices (unadjusted) in active markets that are accessible at the measurement date for assets or liabilities. The fair value hierarchy gives the highest priority to Level 1 inputs. Level 2: Observable prices that are based on inputs not quoted on active markets, but corroborated by market data. Level 3: Unobservable inputs are used when little or no market data is available. The fair value hierarchy gives the lowest priority to Level 3 inputs. The Company’s current financial assets and liabilities approximate fair value due to their short term nature and include cash accounts. The Company’s borrowings approximate fair value as the rates of interest are similar to what they would receive from other financial institutions. Refer to Note 10 on derivative liability- warrants which have been classified as Level 3 instruments.
Derivative Liability - Warrants	In connection with the December 6, 2013 private placement offering (“PPO”) with a final closing on May 20, 2014, the Company issued warrants to purchase shares of its common stock to investors who purchased units in the PPO (“Investor Warrants”). The Company also issued warrants to purchase shares of its common stock to brokers in connection with the PPO (“Broker Warrants”). Both the Investor and Broker Warrants, at the option of the holder, may be exercised by cash payment of the exercise price to the Company. The warrants may be exercised on a cashless basis in accordance with the warrant agreement commencing one year after the initial closing date of the PPO if no registration statement registering the shares underlying the warrants is then in effect. Further, the exercise price and number of shares of common stock issuable on exercise of the warrants may be adjusted in certain circumstances including stock splits, stock dividends, and future issuances of the Company’s equity securities. As a result, the fair value of these warrants were classified as liabilities under the provisions of FASB ASC Topic 815-40, Contracts in an Entity’s Own Equity, as they are not indexed to the Company’s own stock. The fair value of these warrants was estimated using a Monte Carlo simulation. The Company updates its estimate of the fair value of the warrant liabilities in each reporting period as new information becomes available and any gains or losses resulting from the changes in fair value from period to period are included as other income or expense. The Company thus uses model-derived valuations where inputs are observable in active markets to determine the fair value and accordingly classify such warrants in Level 3 in the fair value hierarchy per ASC 820, Fair Value Measurements.
Concentrations of Credit Risk	Cash Held in Banks The Company has cash balances at financial institutions located in the Netherlands. Balances at financial institutions in the Netherlands may, from time to time, exceed insured limits. Currently the insured limit amounts to $112,000. Accounts Receivable Customer accounts typically are collected within a short period of time, and based on its assessment of current conditions and its experience collecting such receivables, management believes it has no significant risk related to its concentration within its accounts receivable.
Foreign Currency Translation	The Company uses the United States dollar (“U.S. dollars” or “USD”) for financial reporting purposes and to maintain its books and records. The Company’s subsidiaries maintain their books and records in their functional currency, the Euro (“EUR”), the currency of the Netherlands. In general, for consolidation purposes, the Company translates its assets and liabilities into U.S. dollars using the applicable exchange rates prevailing at the balance sheet date, the statements of operations and cash flows are translated at average exchange rates during the reporting period. As a result, amounts related to assets and liabilities reported on the statement of cash flows will not necessarily agree with changes in the corresponding balances on the balance sheet. Equity accounts are translated at historical rates. Adjustments resulting from the translation of the financial statements are recorded as accumulated other comprehensive income or loss. As of September 30, 2015 and December 31, 2014, the balance sheet accounts, with the exception of equity, were translated at 1 EUR to $1.1243 and $1.2155, respectively. The average translation rates applied to the statements of operations and cash flows for the three months ended September 30, 2015 and 2014 were 1 EUR to $1.1122 and 1 EUR to $1.3266, respectively. The average translation rates applied to the statements of operations and cash flows for the nine months ended September 30, 2015 and 2014 were at 1 EUR to $1.1154 and 1 EUR to $ 1.3560, respectively.
Property and Equipment	Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is charged to operations using the straight-line method over the estimated useful lives of 5 years. Property and equipment consists mainly of computers. Expenditures for maintenance and repairs are charged to operations as incurred. Expenditures for betterments and major renewals are capitalized. The cost of assets sold or retired and the related amounts of accumulated depreciation are eliminated from the accounts in the period of disposal, and any resulting gains or losses are included in operations.
Intangible Assets with Definite Lives	An intangible asset arose as the result of the acquisition of the FAC B.V., a limited liability entity incorporated in the Netherlands, resulting in the acquisition of a perpetual, worldwide, exclusive license to a software library of infrastructure technology. The Company amortizes the costs of the acquired intangible asset using the straight- line method over the estimated useful life of 7 years. The carrying value of the intangible asset with a definite life is reviewed on a regular basis for the existence of facts or circumstances that the intangible asset may be impaired. An asset is considered impaired when the undiscounted future cash flows expected to result from its planned use are less than the carrying value. If the carrying value of an asset is deemed not recoverable, it is adjusted downward to its estimated fair value.
Income Taxes	Income taxes have been determined using the asset and liability approach of accounting for income taxes. Under this approach, deferred taxes represent the future tax consequences expected to occur when the reported amounts of assets and liabilities are recovered or paid. Deferred taxes result from differences between the financial statement and tax bases of the Company’s assets and liabilities and are adjusted for changes in tax rates and tax laws when changes are enacted. Valuation allowances are recorded to reduce deferred tax assets when it is more likely than not that a tax benefit will not be realized. The assessment of whether or not a valuation allowance is required often requires significant judgment.
Net Loss Per Common Share	Basic and diluted net loss per share is presented in conformity with ASC Topic 260, Earnings per Share, for all periods presented. In accordance with this guidance, basic and diluted net loss per share was determined by dividing net loss applicable to common stockholders by the weighted- average common shares outstanding during the period. In a period where there is a net loss position, diluted weighted average shares are the same as basic weighted average shares. Shares used in the diluted net loss per common share calculation exclude potentially dilutive share equivalents as the effect would be antidilutive.
Risks and Uncertainties	The Company’s operations are subject to a number of risks, including but not limited to, changes in the general economy, demand for the Company’s platform, the success of its customers, research and development results, uncertainties surrounding crowdfunding rules and regulations, and the ability to attract new funding.
Accounts Receivable	Accounts receivable are carried at the amount billed to a customer, net of the allowance for doubtful accounts, which is an estimate for credit losses based on a review of all outstanding amounts on a monthly basis. Management determines the allowance for doubtful accounts by regularly evaluating individual customer receivables and considering a customer’s financial condition, credit history and current economic conditions. Accounts receivable are written off when deemed uncollectible. Recoveries of accounts receivable previously written off are recorded when received. The Company reviews the collectability of accounts receivable based on an assessment of historical experience, current economic conditions, and other collection indicators. At September 30, 2015 and December 31, 2014, the Company has recorded an allowance for doubtful accounts for $18,446 and $4,672, respectively.
Comprehensive Loss	Comprehensive loss refers to revenues, expenses, gains and losses that under U.S. GAAP are included in comprehensive loss but are excluded from net loss as these amounts are recorded directly as an adjustment to stockholders’ equity. The Company’s other comprehensive loss is comprised of foreign currency translation adjustments.
Cost Method Investments	Direct and or indirect investments in business entities in which the Company does not have a controlling financial interest and has no ability to exercise significant influence on operating and financial policies (generally 0-20 percent ownership) are accounted for by the cost method.
Equity Method Investments	Direct and/or indirect investments in business entities in which the Company does not have a controlling financial interest, but has the ability to exercise significant influence on operating and financial policies (generally 20-50 percent ownership) are accounted for by the equity method.
Recent Accounting Pronouncements	No new accounting standards have been adopted since the Company filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2014. No recently issued accounting pronouncements had or are expected to have a material impact on the Company’s condensed consolidated financial statements.

3. VARIABLE INTEREST ENTITY- 22

3. VARIABLE INTEREST ENTITY- SYMBID COOP (Tables)	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Schedule of assets and liabilities of Symbid Coop	September 30, 2015 December 31, 2014 Current assets $ 31,639 $ 43,497 Current liabilities $ 125,191 $ 121,521

5. ACCRUED EXPENSES AND OTHER23

5. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)	9 Months Ended
	Sep. 30, 2015
Payables and Accruals [Abstract]
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	September 30, 2015 December 31, 2014 Advisory and professional costs $ 75,669 $ 44,591 Travel and hotel costs - 4,478 Development costs - 14,174 Management fees - 11,190 Interest 19,297 10,717 Wage tax' return 3,023 17,992 Holiday pay allowance/Net salary 32,424 53,555 Penalty waiver 14,630 14,630 Marketing costs 19,465 70,347 Accrued stock liability 8,761 21,841 VAT related to Symbid Coop. - 10,828 Other current liabilities 15,900 17,197 $ 189,169 $ 291,540

6. NOTES PAYABLE (Tables)

6. NOTES PAYABLE (Tables)	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Notes Payable	September 30, 2015 December 31, 2014 Line of credit $ - $ - Working capital facility 102,024 128,685 Subordinated loan – related party 75,272 81,378 8% Convertible promissory notes 545,756 - Total notes payable 723,052 210,063 Less - Current Maturities (34,013 ) (118,149 ) Notes payable, less current maturities $ 689,039 $ 91,914
Convertible promissory notes payable	Principal Accrued Interest Debt Discount Balance As of September 30, 2015 8% Convertible promissory notes July 14, 2015 $ 60,000 $ 1,013 $ (14,078) $ 46,935 8% Convertible promissory notes September 8, 2015 1,250,000 6,111 (750,166) 505,945 $ 1,310,000 $ 7,124 $ (764,244 ) $ 552,880
Aggregate Maturity Schedule of Borrowings	Year ending September 30, 2016 $ 34,013 2017 109,284 2018 1,343,999 $ 1,487,296

7. CAPITAL STOCK (Tables)

7. CAPITAL STOCK (Tables)	9 Months Ended
	Sep. 30, 2015
Capital Stock Tables
Proceeds in connection with PPO	Gross proceeds from the PPO $ 1,377,392 Issuance costs (7,750 ) Proceeds allocated to warrant liability (264,369 ) Proceeds allocated to common stock $ 1,105,273

8. NONCONTROLLING INTERESTS (Ta

8. NONCONTROLLING INTERESTS (Tables)	9 Months Ended
	Sep. 30, 2015
Equity [Abstract]
Net loss attributable to noncontrolling interest	Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Symbid Coop- 100% $ (14,149 ) $ (14,631 ) $ (24,371 ) $ (29,652 ) Symbid Italia – 49.9% (13,328 ) — (34,109 ) — Gambitious Coop* — — — (602 ) Total $ (27,477 ) $ (14,631 ) $ (58,480 ) $ ( 30,254 )
Non-controlling Interests	September 30, 2015 December 31, 2014 Symbid Coop - 100% $ (96,762 ) $ (78,025 ) Symbid Italia – 49.9% 111,421 - Total equity (deficit) attributable to noncontrolling interests $ 14,659 $ (78,025 )

10. DERIVATIVE LIABILITY - WA27

10. DERIVATIVE LIABILITY - WARRANTS (Tables)	9 Months Ended
	Sep. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Warrants	Nine Months Ended September 30, 2015 December 31, 2014 Fair Value of Warrant Liability Fair Value of Warrants Issued Change in Fair value of Warrant Liabilities Reclassification of Warrants to Equity, period ended September, 30, 2015 September 30, 2015 Fair Value of Warrant Liability Investor Warrants $ 151,763 $ - $ 7,791 $ (159,554 ) $ - Broker Warrants 1,391 - - (1,391 ) - Total $ 153,154 $ - $ 7,791 $ (160,985 ) $ -
Warrant Rollforward	Nine Months Ended September 30, 2014 December 31, 2013 Fair Value of Warrant Liability Fair Value of Warrants Issued Change in Fair value of Warrant Liabilities Reclassification of Warrants to Equity, period ended September 30, 2014 September 30, 2014 Fair Value of Warrant Liability Investor Warrants $ 294,298 $ 262,521 $ (159,977 ) $ - $ 396,842 Broker Warrants 9,364 1,854 (1,008 ) - 10,210 Total $ 303,662 $ 264,375 $ (160,985 ) $ - $ 407,052

12. COMMITMENTS (Tables)

12. COMMITMENTS (Tables)	9 Months Ended
	Sep. 30, 2015
Commitments Tables
Stock issuance commitment	For the year ended December 31, Shares of Restricted Common 2015 250,000 2016 500,000 2017 250,000 1,000,000

1. BUSINESS, ORGANIZATION AND29

1. BUSINESS, ORGANIZATION AND LIQUIDITY (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Net losses	$ 632,293	$ 750,020	$ 1,767,314	$ 1,658,320
Working capital deficit	712,174		712,174		$ 456,000
Cash on hand	960,845		960,845		233,068
Current liabilities	$ 345,373		$ 345,373		$ 787,712
Symbid Italia [Member]
Ownership interest	50.10%		50.10%
Equidam Holding B.V. [Member]
Ownership interest	7.00%		7.00%		7.00%
Kredietpaspoort U.A. [Member]
Ownership interest	14.53%		14.53%		20.25%
Gambitious Coop
Ownership interest					12.00%

2. SUMMARY OF SIGNIFICANT ACC30

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Cash, FDIC Insured Amount	$ 112,000
Property and equipment useful life	5 years
Intangible assets estimated useful life	7 years
Allowance for doubtful accounts	$ 18,446	$ 4,672
Maximum [Member]
Cost method investment interest	20.00%
Equity method investment interest	50.00%
Minimum [Member]
Cost method investment interest	0.00%
Equity method investment interest	20.00%

3. VARIABLE INTEREST ENTITY- 31

3. VARIABLE INTEREST ENTITY- SYMBID COOP (Details) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Current assets	$ 31,639
Current liabilities	$ 125,191
Symbid Coop
Current assets		$ 43,497
Current liabilities		$ 121,521

4. INVESTMENTS IN ASSOCIATED 32

4. INVESTMENTS IN ASSOCIATED COMPANIES (Details 1)	9 Months Ended
	Sep. 30, 2015USD ($)
Gain on investment	$ 11,500
Chief Financial Officer [Member]
Ownership interest	5.72%
Symbid Coop
Ownership interest	6.96%
Symbid B.V. [Member]
Ownership interest	7.57%
Equidam [Member]
Ownership interest	7.00%

5. ACCRUED EXPENSES AND OTHER33

5. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Details) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Accrued Expenses And Other Current Liabilities Details
Advisory costs	$ 75,669	$ 44,591
Travel and hotel costs		4,478
Development costs		14,174
Management fee		11,190
Interest	$ 19,297	10,717
Wage tax' return	3,023	17,992
Holiday pay allowance/Net salary	32,424	53,555
Penalty waiver	14,630	14,630
Marketing costs	19,465	70,347
Accrued stock liability	$ 8,761	21,841
VAT related to Symbid corp		10,828
Other current liabilities	$ 15,900	17,197
Accrued expenses and other current liabilities	$ 189,169	$ 291,540

6. NOTES PAYABLE (Details)

6. NOTES PAYABLE (Details) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Notes Payable Details
Line of credit	$ 0	$ 0
Working capital facility	102,024	128,685
Subordinated loan - related party	75,272	81,378
8% Convertible promissory notes	545,756	0
Total notes payable	723,052	210,063
Less - Current Maturities	(34,013)	(118,149)
Notes payable, less current maturities	$ 689,039	$ 91,914

6. NOTES PAYABLE (Details 1)

6. NOTES PAYABLE (Details 1)	Sep. 30, 2015USD ($)
Principal	$ 1,310,000
Accrued Interest	7,124
Debt Discount	(764,244)
Convertible promissory notes	552,880
Convertible promissory notes July 14, 2015 [Member]
Principal	60,000
Accrued Interest	1,013
Debt Discount	(14,078)
Convertible promissory notes	46,935
Convertible promissory notes September 8, 2015 [Member]
Principal	1,250,000
Accrued Interest	6,111
Debt Discount	(750,166)
Convertible promissory notes	$ 505,945

6. NOTES PAYABLE (Details 2)

6. NOTES PAYABLE (Details 2)	Sep. 30, 2015USD ($)
Notes Payable Details
2,016	$ 34,013
2,017	109,284
2,018	1,343,999
Total	$ 1,487,296

6. NOTES PAYABLE (Details Narra

6. NOTES PAYABLE (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Notes Payable Details Narrative
Loan balance	$ 102,000
Balance on credit facility	0
Line of credit	$ 67,000
Floating interest rate	8.40%	8.15%

7. CAPITAL STOCK (Details)

7. CAPITAL STOCK (Details)	9 Months Ended
	Sep. 30, 2015USD ($)
Capital Stock Details
Gross proceeds from the PPO	$ 1,377,392
Issuance costs	(7,750)
Proceeds allocated to warrant liability	(264,369)
Proceeds allocated to common stock	$ 1,105,273

7. CAPITAL STOCK (Details Narra

7. CAPITAL STOCK (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Capital Stock Details Narrative
Issued warrants to the placement agent	93,000		93,000
Warrants exercisable	$ 0.50		$ 0.50
Warrants exercisable period			3 years
Fully vested restricted common stock issued to advisors and consultants	222,763		455,913
Fair value of fully vested restricted common stock issued to advisors and consultants	$ 66,474		$ 159,826
Common stock issued consideration for professional services	$ 21,930	$ 56,536	$ 22,560	$ 88,859
Common stock shares issued consideration for professional services	71,991	123,872	74,991	189,570

8. NONCONTROLLING INTERESTS (De

8. NONCONTROLLING INTERESTS (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Total net loss attributable to noncontrolling interests	$ 27,477	$ 14,631	$ 58,480	$ 30,254
Symbid Coop
Total net loss attributable to noncontrolling interests	(14,149)	$ (14,631)	(24,371)	$ (29,652)
Symbid Italia
Total net loss attributable to noncontrolling interests	$ (13,328)		$ (34,109)
Gambitious Coop
Total net loss attributable to noncontrolling interests				$ (602)

8. NONCONTROLLING INTERESTS (41

8. NONCONTROLLING INTERESTS (Details 1) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Total equity (deficit) attributable to noncontrolling interests	$ 14,659	$ (78,025)
Symbid Coop
Total equity (deficit) attributable to noncontrolling interests	(96,762)	(78,025)
Symbid Italia
Total equity (deficit) attributable to noncontrolling interests	$ 111,421	$ 0

9. SHARE BASED COMPENSATION P42

9. SHARE BASED COMPENSATION PLANS (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Share based compensation expense			$ 271,710	$ 91,730
2013 Stock Incentive Plan [Member] | Employee [Member]
Restricted stock units	133,332	905,750	280,568	905,750
Restricted stock vested	8,000		888,736
Restricted stock award		$ 80,000		$ 80,000
Restricted stock forfeitures	0		9,750	0
Share based compensation expense	$ 11,000		$ 242,000
Unrecognized compensation expense					$ 29,000
Unrecognized compensation expense, period			8 months 9 days
2013 Stock Incentive Plan [Member] | Non-employee [Member]
Shares available for issuance	3,716,932		3,716,932
Restricted stock vested	56,500		137,500	19,000
Restricted stock award		119,000	$ 30,000	$ 119,000
Restricted stock forfeitures			0
Share based compensation expense	$ 11,000		$ 30,000
Unrecognized compensation expense	15,000		$ 15,000
Unrecognized compensation expense, period			4 months 10 days
Accrued expenses and other liabilities	9,000		$ 9,000
Selling, general and administrative [Member] | 2013 Stock Incentive Plan [Member] | Employee [Member]
Restricted stock award		77,000		77,000
Share based compensation expense	10,000		209,000
Research and development costs | 2013 Stock Incentive Plan [Member] | Employee [Member]
Restricted stock award		$ 3,000		$ 3,000
Share based compensation expense	$ 1,000		$ 33,000

10. DERIVATIVE LIABILITY - WA43

10. DERIVATIVE LIABILITY - WARRANTS (Details) - USD ($)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
December 31, 2014 Fair Value of Warrant Liability	$ 153,154	$ 303,662
Fair Value of Warrants Issued		264,375
Change in Fair value of Warrant Liabilities	$ 7,791	$ (160,985)
Reclassification of Warrants to Equity, period ended September, 30, 2015	$ (160,985)
September 30, 2015 Fair Value of Warrant Liability		$ 407,052
Investor Warrants
December 31, 2014 Fair Value of Warrant Liability	$ 151,763	294,298
Fair Value of Warrants Issued		262,521
Change in Fair value of Warrant Liabilities	$ 7,791	$ (159,977)
Reclassification of Warrants to Equity, period ended September, 30, 2015	$ (159,554)
September 30, 2015 Fair Value of Warrant Liability		$ 396,842
Broker Warrants
December 31, 2014 Fair Value of Warrant Liability	$ 1,391	9,364
Fair Value of Warrants Issued		1,854
Change in Fair value of Warrant Liabilities		$ (1,008)
Reclassification of Warrants to Equity, period ended September, 30, 2015	$ (1,391)
September 30, 2015 Fair Value of Warrant Liability		$ 10,210

15. RELATED PARTY TRANSACTIONS

15. RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2014	Dec. 31, 2014
Employment Agreement [Member]
Management expense	$ 39,000
Accounts payable and accrued expenses			$ 11,000
Management Agreement [Member]
Management expense		$ 178,000

16. COMMITMENTS (Details)

16. COMMITMENTS (Details) - shares	3 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2014
Commitments and Contingencies Disclosure [Abstract]
2,015		250,000
2,016		500,000
2,017		250,000
Shares of Restricted Common Stock		1,000,000
Consulting fee related to common stock	60,000