Sincerity Applied Materials (SINC) 10-Q15 Aug 162016 Q2 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2016	Aug. 15, 2016
Document and Entity Information:
Entity Registrant Name	SYMBID CORP.
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Amendment Flag	false
Entity Central Index Key	1,532,595
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		37,277,039
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	2,016
Document Fiscal Period Focus	Q2

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Current assets
Cash	$ 35,468	$ 553,696
Accounts receivable, less allowance for doubtful accounts of $10,870 and $39,847 respectively	70,717	64,639
Prepaid expenses and other current assets	79,660	42,553
Total current assets	185,845	660,888
Property and equipment, at cost, less accumulated depreciation	18,586	15,108
Investments in associated companies	1,155	1,134
Intangible assets, net	0	785,070
Total Assets	205,586	1,462,200
Current Liabilities
Accounts payable	156,640	88,774
Accrued expenses and other current liabilities	234,301	301,896
Current maturities of notes payable	33,591	32,993
Subordinated loan - related party	74,340	73,016
Total current liabilities	498,872	496,679
Notes payable, less current maturities	41,976	49,476
8% Convertible promissory notes payable, net of $1,179,181 and $722,622 discount, respectively	680,819	587,378
Total Liabilities	1,221,667	1,133,533
Commitments
Stockholders' (Deficiency) Equity
Preferred stock Authorized: $0.001 par value, 10,000,000 shares authorized Issued and outstanding: nil preferred shares	0	0
Common stock Authorized: $0.001 par value, 290,000,000 shares authorized Issued and outstanding: 37,277,039 and 36,909,472, respectively	37,277	36,909
Additional paid-in capital	8,316,647	7,635,104
Accumulated other comprehensive loss	(295,354)	(322,183)
Accumulated deficit	(8,986,085)	(6,994,274)
Total Symbid Corp. stockholders' (deficiency) equity	(927,515)	355,556
Noncontrolling interests	(88,566)	(26,889)
Total stockholders' (deficiency) equity	(1,016,081)	328,667
Total liabilities and stockholders' equity	$ 205,586	$ 1,462,200

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
ASSETS
Allowance for doubtful accounts	$ 10,870	$ 39,847
Convertible promissory notes payable discount	$ 1,179,181	$ 722,622
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	37,277,039	36,909,472
Common Stock, shares outstanding	37,277,039	36,909,472

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Revenues
Crowdfunding	$ 43,549	$ 77,804	$ 129,642	$ 132,198
The Funding Network	2,249	0	14,299	0
Other	12,158	14,566	3,309	34,038
Total revenues	57,956	92,370	147,250	166,236
Operating Expenses
Selling, general and administrative	401,227	429,413	916,137	838,766
Professional fees	130,554	152,794	267,589	339,464
Research and development costs	9,540	26,077	26,658	48,319
Depreciation and amortization	37,760	36,202	74,579	73,140
Bad debt expense (recoveries)	(10,145)	0	(29,737)	0
Impairment expense	740,073	0	740,073	0
Total Operating Expenses	1,309,009	644,486	1,995,299	1,299,689
Operating loss	(1,251,053)	(552,116)	(1,848,049)	(1,133,453)
Other Income (Expense)
Interest expense and amortization of debt discount	(81,905)	(2,566)	(155,171)	(5,280)
Other income	484	0	455	11,504
Other expense	(2,986)	(517)	(2,986)	(7,791)
Total other income (expense)	(84,407)	(3,083)	(157,702)	(1,567)
Net Loss	(1,335,460)	(555,199)	(2,005,751)	(1,135,020)
Net loss attributable to noncontrolling interests	(6,317)	(18,155)	(13,940)	(31,003)
Net loss attributable to Symbid Corp. stockholders	$ (1,329,143)	$ (537,044)	$ (1,991,811)	$ (1,104,017)
Basic and diluted net loss per common share	$ (0.04)	$ (0.02)	$ (0.05)	$ (0.03)
Weighted average number of shares outstanding
Basic and diluted	37,119,510	34,705,257	37,014,491	34,394,106
Share based compensation expense included in operating expenses:
Selling, general and administrative	$ 5,239	$ 98,147	$ 47,578	$ 218,437
Professional fees	0	630	0	44,842
Research and development costs	(2,500)	16,058	(942)	31,939
Share based compensation expense included in operating expenses:	$ 2,739	$ 114,835	$ 46,636	$ 295,218

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (UNAUDITED) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Condensed Consolidated Statements Of Comprehensive Loss
Net loss	$ (1,335,460)	$ (555,199)	$ (2,005,751)	$ (1,135,020)
Other comprehensive loss:
Foreign currency translation income (loss)	(5,438)	14,003	26,829	(89,645)
Comprehensive loss	(1,340,898)	(541,196)	(1,978,922)	(1,224,665)
Net loss attributable to noncontrolling interests	(6,317)	(18,155)	(13,940)	(31,003)
Foreign currency translation (loss) income attributable to noncontrolling interests	1,284	1,260	(1,566)	10,131
Comprehensive loss attributable to noncontrolling interests	(5,033)	(16,895)	(15,506)	(20,872)
Comprehensive loss attributable to Symbid Corp. stockholders	$ (1,335,865)	$ (524,301)	$ (1,963,416)	$ (1,203,793)

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities
Net Loss	$ (2,005,751)	$ (1,135,020)
Adjustments to reconcile net loss to net cash used in operating activities
Employee and non-employee share based compensation	46,636	295,218
Depreciation and amortization	74,579	73,140
Amortization of debt discount	93,441	0
Impairment of intangible asset	740,073	0
Warrant liability - fair value adjustment	0	7,791
Provision for doubtful accounts	(29,737)	9,945
Loss on liquidation of Symbid Italia	2,986	0
Gain on sale of investment in Gambitious B.V.	0	(11,504)
Changes in assets and liabilities
Accounts receivable	24,922	4,963
Prepaid expenses and other current assets	(42,418)	(14,073)
Accounts payable	67,004	27,552
Accrued expenses and other current liabilities	14,673	(5,509)
Net cash used in operating activities	(1,013,592)	(747,497)
Cash flows from investing activities
Proceeds from sale of investment in Gambitious B.V.	0	20,309
Net payment from liquidation of Symbid Italia	(44,744)	0
Acquisition of property and equipment	(5,784)	0
Net cash (used in) provided by investing activities	(50,528)	20,309
Cash flows from financing activities
Line of credit, net	0	66,594
Repayments of notes payable	(8,441)	(8,491)
Proceeds from convertible notes	550,000	0
Proceeds from the issuance of common stock, net of issuance costs	0	724,116
Net cash provided by financing activities	541,559	782,219
Effect of exchange rate changes on cash	4,333	(32,130)
Net (decrease) / increase in cash	(518,228)	22,901
Cash and cash equivalents, beginning of period	553,696	233,068
Cash and cash equivalents, end of period	35,468	255,969
Supplemental cash flow disclosures
Interest paid	2,699	5,279
Non-cash investing and financing activities
Change in accrued expenses related to non-employee share based payments	85,274	70,351
Reallocation of noncontrolling interests	0	129,918
Deconsolidatioin of Symbid Italia assets	5,901	0
Beneficial conversion feature	$ 550,000	$ 0

1. BUSINESS, ORGANIZATION AND L

1. BUSINESS, ORGANIZATION AND LIQUIDITY	6 Months Ended
1. BUSINESS, ORGANIZATION AND LIQUIDITY	Jun. 30, 2016
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 six months ended June 30, 2016 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, 2015 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 Symbids 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 Companys 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 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 $22, 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 the direction of the Symbid Italia board of directors, a special Symbid Italia shareholder meeting was held on April 29, 2016, at which it was determined to liquidate Symbid Italia and return the residual capital to the Symbid Italia shareholders. On May 26, 2016, Symbid Italia was liquidated and the Company received $44,922 for its 50.1% interest and recognized a loss of $2,986. The results of Symbid Italias operations have been included in the condensed consolidated financial statements (see Note 9). As of June 30, 2016 and December 31, 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 3. The Kredietpaspoort is a cloud- based platform that was developed to provide credit evaluation and financing options to SME companies in the Netherlands. In addition, the Companys Chief Commercial Officer owns a 5.72% interest in Kredietpaspoort. At June 30, 2016 and December 31, 2015, the combined holdings in Kredietpaspoort by Symbid B.V., Symbid Coop and our executive officer totaled approximately 20.25% (see Note 5). 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 (see Note 5). As of June 30, 2016 and December 31, 2015, 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 SMEs, Equidam now also offers simple monitoring services to investors on the Companys 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 June 30, 2016 and 2015, of $1,335,460 and $555,199, respectively. Losses during the six months ended June 30, 2016 and 2015 were $2,005,751 and $1,135,020, respectively. At June 30, 2016 and December 31, 2015, the Company had a working capital deficit of $313,027 and working capital of $164,209, respectively. As of June 30, 2016, the Company had cash on hand of $35,468 and current liabilities to credit institutions of $33,591. The recurring losses raise substantial doubt about the Companys ability to continue as a going concern. Management has evaluated the significance of these conditions and has determined that 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 Companys 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. Management plans to mitigate the conditions that raise substantial doubt about the Companys ability to continue as a going concern through ongoing fund raising efforts with new and current strategic institutional investors and by implementing a cost reduction program. Due to the cash flow position of the Company, management decided to implement a cost reduction program during the second quarter of 2016. During the reporting period the following cost reduction actions have been successfully implemented: ● Closed offices in Milano (Symbid Italia) and Amsterdam (Product development); ● Reduction in costs of office space Rotterdam HQ; ● Terminated employment agreements with 9 FTE product development team, our CFO, 2 FTE Symbid Italia, 4 Commercial FTE operating in the Netherlands; ● Put on hold internationalization of the Symbid services and products; ● Put on hold the investments related to the roll-out of the monitoring services; ● Management salaries reduction of 50% of the net salary. Successful implementation of the cost reduction program should lead to a cost reduction of at least 50% over the second half of 2016, as compared to the costs over the first half of 2016. By raising additional funds and reducing operational costs management intends to lower the overall cash burn of the Company and be able to meet its operating requirements.

2. SUMMARY OF SIGNIFICANT ACCOU

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Jun. 30, 2016
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 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. All intercompany accounts, balances and transactions with other consolidated entities have been eliminated. The condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States, and include the Companys accounts as well as those of a certain variable interest entity (VIE) for which the Company is the primary beneficiary. Reclassifications Certain reclassifications have been made to the 2015 financial statements to conform to the condensed consolidated 2016 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. generally accepted accounting principles 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 parents 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 interests associated with Symbid Coop and Symbid Italia are presented separately in the Companys 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 payments during the reporting period. 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. 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. Prior to January 2016 there was no credit risk as the success fees were collected directly at the moment the transaction took place on the platform. As of January 2016, we changed the policy for collecting the success fees and there will be a credit risk going forward. At the start of a funding campaign, the entrepreneur signs a contract with Symbid pursuant to which he or she agrees to pay Symbid a success fee once a successful fund raising campaign for that entrepreneur closes. Once the funding campaign has closed, Symbids success fee is transferred by Intersolve, the third party banking entity that holds all funds in escrow until closing, and the net proceeds of the funding are transferred by Intersolve to the notary or in case of loan crowdfunding directly to the entrepreneur. Upon completion of the funding campaign on Symbids platform, services delivered under the contract with the entrepreneur have been rendered and Symbid recognizes its success fee revenue at the time the campaign has been successfully closed. The Funding Network 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. This 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. 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 Companys 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 Companys current financial assets and liabilities approximate fair value due to their short term nature and include cash accounts. The Companys borrowings approximate fair value as the rates of interest are similar to what they would receive from other financial institutions. 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 $111,038. 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 Companys 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 June 30, 2016 and December 31, 2015, the balance sheet accounts, with the exception of equity, were translated at 1 EUR to $1.1104 and $1.0906, respectively. The average translation rates applied to the statements of operations and cash flows for the three months ended June 30, 2016 and 2015 were at 1 EUR to $1.1292 and 1 EUR to $ 1.1058, respectively. The average translation rates applied to the statements of operations and cash flows for the six months ended June 30, 2016 and 2015 were at 1 EUR to $1.1161 and 1 EUR to $ 1.1170, 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. Impairment of 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 is reviewed on a regular basis for the existence of facts or circumstances that the intangible asset may be impaired. An intangible asset is subject to amortization and is assessed for impairment whenever events or circumstances indicate that their carrying value may not be recoverable. In testing the recoverability of the asset, the carrying value of the asset is compared to the future projected undiscounted cash flows. The cash flows are based on managements expectations of future revenues and expenses including costs to maintain the assets over their respective service lives. An impairment loss is recognized as the excess of the carrying value over the fair value when an asset is not recoverable. Fair value is based on valuation techniques or third party appraisals. Significant estimates and judgments are applied in determining these cash flows and fair values. In accordance with US GAAP, we perform interim impairment testing should circumstances requiring it arise. Due to certain impairment indicators which were triggered during the three months ended June 30, 2016, the Company performed an impairment analysis of its intangible asset which indicated that the future undiscounted cash flows of the asset did not exceed its net carrying value. As such, the Company fully impaired its intangible asset (see Note 4). 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 Companys 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 Companys operations are subject to a number of risks, including but not limited to, changes in the general economy, demand for the Companys 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 customers 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 historic experience, current economic conditions, and other collection indicators. At June 30, 2016 and December 31, 2015, the Company has recorded an allowance for doubtful accounts for $10,870 and $39,847, 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 Companys other comprehensive loss is comprised of foreign currency translation adjustments. Cost Method Investments Direct and or indirect investments in business entities in which Symbid Corp. does not have a controlling financial interest and has no ability to exercise significant influence over 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 Symbid Corp. does not have a controlling financial interest, but has the ability to exercise significant influence over operating and financial policies (generally 20-50 percent ownership), are accounted for by the equity method. Recent Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-02, Leases, requiring lessees to recognize assets and liabilities for leases with lease terms of more than 12 months in the balance sheet. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. The new guidance is effective for fiscal years and for interim periods within those fiscal years, beginning after December 15, 2018. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. The adoption of this guidance is not expected to have an impact on the Companys condensed consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-09, CompensationStock Compensation (Topic 718): Improvements to Employee Share based Payment Accounting (ASU 2016-09), which addresses how companies account for certain aspects of share based payments to employees. Entities will be required to recognize the income tax effects of awards in the statement of income when the awards vest or are settled, and to present excess tax benefits as an operating activity on the statement of cash flows rather than as a financing activity. The ASU also addresses such areas as an accounting policy election for forfeitures and the amount an employer can withhold to cover income taxes and still qualify for equity classification. The amendments in this ASU will be effective for annual periods and for interim periods within those fiscal years, beginning after December 15, 2016. Early adoption is permitted. The Company is currently evaluating the impact of the adoption of this standard on its condensed consolidated financial statements.

3. VARIABLE INTEREST ENTITY- SY

3. VARIABLE INTEREST ENTITY- SYMBID COOP	6 Months Ended
3. VARIABLE INTEREST ENTITY- SYMBID COOP	Jun. 30, 2016
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 Companys 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 Coops 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: June 30, 2016 December 31, 2015 Current assets $ 70,924 $ 73,600 Current liabilities $ 159,492 $ 186,214 The assets related to Symbid Coop are not restricted.

4. INTANGIBLE ASSETS

4. INTANGIBLE ASSETS	6 Months Ended
4. INTANGIBLE ASSETS	Jun. 30, 2016
Notes to Financial Statements
4. INTANGIBLE ASSETS	On July 29, 2014, our wholly owned subsidiary Symbid Holding, a limited liability corporation in the Netherlands, acquired all the issued and outstanding shares of FAC B.V. in exchange for 2,750,000 shares of our restricted common stock. The sole asset of the FAC B.V. was a perpetual, worldwide, exclusive license to a software library of infrastructure technology, upon which we have developed a platform to enable cloud based financing solutions for small and medium sized enterprises, expanding on our current equity based crowdfunding solutions in the Netherlands. The asset acquired in the acquisition of the FAC B.V. does not meet the definition of a business and, therefore, has been accounted for as an asset acquisition. The Company measured the fair value of the restricted shares issued as consideration in the acquisition of the FAC B.V. based on a weighted average fair value calculation using available observable inputs of recent arms length transactions in the Companys recent private placement offering and, to a lesser extent, the publicly traded share price, resulting in a fair value of approximately $1,195,000. The total purchase price was allocated to the software library acquired in the acquisition. Transaction costs directly related to the acquisition of the software of approximately $17,000 incurred to acquire the software have been capitalized. The software was deemed to have a useful life of 7 years. During the three and six months ended June 30, 2016, the Company recorded a non-cash impairment loss of $740,000 The Companys sole intangible asset consists of software obtained through the acquisition of the FAC B.V. June 30, December 31, 2016 2015 Software $ 1,019,103 $ 984,267 Less - Accumulated amortization (274,394 ) (199,197 ) Impairment (740,063 ) - Translation adjustment (4,646 ) - $ - $ 785,070 During the three months ended June 30, 2016 and 2015, amortization expense related to software totaled approximately $36,000 for both periods. During the six months ended June 30, 2016 and 2015, amortization expense related to software totaled approximately $72,000 for both periods.

5. INVESTMENTS IN ASSOCIATED CO

5. INVESTMENTS IN ASSOCIATED COMPANIES	6 Months Ended
5. INVESTMENTS IN ASSOCIATED COMPANIES	Jun. 30, 2016
Notes to Financial Statements
5. 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, were 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 June 30, 2016 and December 31, 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 was reduced to nil, as the Company suffered losses beyond the initial investment balance. As of June 30, 2016, 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 Companys platform to raise capital for video games produced by a wide range of developers. On February 9, 2015, the Company sold its remaining 12% indirect interest in Gambitious for $20,360 and recorded a gain on investment of $11,504 which is included in other income in the condensed consolidated statement of operations for the six months ended June 30, 2015. Equidam In August 2013, the Company acquired a 10% interest in Equidam for $1,155 recorded in Investments in Associated Companies. As of June 30, 2016, the Company 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 of accounting. There have been no material transactions with Equidam during the reporting period.

6. ACCRUED EXPENSES AND OTHER C

6. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	6 Months Ended
6. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	Jun. 30, 2016
Payables and Accruals [Abstract]
6. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	June 30, 2016 December 31, 2015 Advisory costs $ 21,863 $ 89,829 Interest 103,522 45,863 Wage tax return 45,264 19,035 Holiday pay allowance/Net salary 6,120 24,533 Penalty waiver 14,630 14,630 Marketing 24,568 38,069 Accrued stock liability 10,996 20,541 Other current liabilities 7,338 49,396 $ 234,301 $ 301,896 All amounts are payable within one year.

7. NOTES PAYABLE

7. NOTES PAYABLE	6 Months Ended
7. NOTES PAYABLE	Jun. 30, 2016
Debt Disclosure [Abstract]
7. NOTES PAYABLE	June 30, December 31, 2016 2015 Line of credit $ - $ - Working capital facility 75,567 82,469 Subordinated loan related party 74,340 73,016 8% Convertible promissory notes, net of discount 680,819 587,378 Total notes payable 830,726 742,863 Less - Current Maturities (107,931 ) (106,009 )) Notes payable, less current maturities $ 722,795 $ 636,854 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 $202,000, bears interest of approximately 6.4%, principal and interest payable quarterly. The loan decreases on a quarterly basis by approximately $8,000, starting on September 30, 2012. As of June 30, 2016, the loan balance was approximately $76,000. 2. A line of credit of approximately $67,000 with a floating interest rate of approximately 8.40% at June 30, 2016 and December 31, 2015, respectively. There was no balance on the credit facility at June 30, 2016. 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 $57,000. 3. Guarantee by the Netherlands government for the remaining balance in a hypothetical liquidation up to approximately $246,000. 2015 - 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 2015 Notes), convertible into common shares of the Companys common stock. The 2015 Notes have a three year maturity from the date of issue and interest is payable annually. The 2015 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 2015 Notes have an optional conversion feature price of $0.25 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. Because the conversion rate of the Notes was less than the market value of the Companys stock on the closing dates, the Company has recorded 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 is 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. At June 30, 2016, there are 499,476 common shares underlying the convertible principal and interest balance. The effective interest rate of the liability component is equal to 17.7% for the three and six months ended June 30, 2016. Accrued interest at June 30, 2016 is $4,613 and included in accrued expenses and other current liabilities. The conversion rate (shares of common stock per $1 principal amount of notes) and the conversion price at June 30, 2016, are 7.73 and $0.13, respectively. As of June 30, 2016, the unamortized debt discount will be amortized over a remaining period of approximately 2.04 years. The if converted value as of June 30, 2016 exceeds the principal balance of the Convertible Notes by $21,167. 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. Upon conversion the Company recorded $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. At June 30, 2016, there are 10,289,804 common shares underlying the convertible principal and interest balance. The effective interest rate of the liability component was equal to 40.4% for the three and six months ended June 30, 2016. Accrued interest at June 30, 2016 is $81,111 and included in accrued expenses and other current liabilities. The conversion rate (shares of common stock per $1 principal amount of notes) and the conversion price at June 30, 2016, are 7.73 and $0.13, respectively. As of June 30, 2016, the unamortized debt discount will be amortized over a remaining period of approximately 2.19 years. The if converted value as of June 30, 2016 exceeds the principal balance of the Convertible Notes by $440,989. 2016 - 8% Convertible Promissory Notes On June 1, 2016, the Company entered into a subscription agreement to conduct a private offering consisting of a minimum of $350,000 and up to a maximum of $700,000 of 8% unsecured convertible promissory notes (the 2016 Notes), convertible into common shares of the Companys common stock. The 2016 Notes have a three year maturity from the date of issuance and interest is payable annually. The 2016 Notes may be redeemed upon mutual agreement of the Company and the investors. The 2016 Notes are convertible upon the completion of the next equity offering (a Qualified Offering) for gross proceeds of not less than $1,500,000, the holders may, at their option, convert all or a portion of the principal and interest then due on the 2016 Notes into shares of common stock at a price per share equal to 50% of the price at which the common stock is sold in the Qualified Offering. The conversion rate is subject to proportionate adjustment in the event of a subdivision, combination or stock split, stock dividends, reorganization reclassification, consolidation or merger. The Company may not incur senior indebtedness to exceed $250,000, must provide notice of default and notice of entry in certain material transactions such as; voluntary liquidation, merger or consolidation, sale or transfer of assets and amendments to the articles of incorporation. The 2016 Notes are subject to customary events of default such as bankruptcy, reorganization or insolvency and will become due immediately upon such event. While the 2016 Notes remain outstanding, the Company cannot incur any indebtedness that ranks senior in priority to the 2016 Notes. The 2016 Notes have the same ranking as the Notes issued in 2015. Because the conversion rate of the Notes was less than the market value of the Companys stock on the closing date, the Company has recorded 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 is accreted to interest expense using the effective interest rate method. On June 1, 2016, the closing of the 2016 Notes took place under which the Company raised $550,000 from a total of three investors. The Company recorded a debt discount related to the BCF of $550,000. At June 30, 2016, there are 6,512,288 common shares underlying the convertible principal and interest balance. The effective interest rate of the liability component was equal to 960% for the three and six months ended June 30, 2016. Accrued interest at June 30, 2016 is $3,544 and included in accrued expenses and other current liabilities. The conversion rate (shares of common stock per $1 principal amount of notes) and the conversion price at June 30, 2016, are 11.76 and $0.0850, respectively. As of June 30, 2016, the unamortized debt discount will be amortized over a remaining period of approximately 2.92 years. The if converted value as of June 30, 2016 exceeds the principal balance of the Convertible Notes by $582,353. Convertible promissory notes payable and related convertible accrued interest as of June 30, 2016 are as follows: Principal Unamortized Debt Discount Balance As of June 30, 2016 8% Convertible promissory notes July 14, 2015 $ 60,000 $ (10,654 ) $ 49,346 8% Convertible promissory notes September 8, 2015 1,250,000 (618,527 ) 631,473 8% Convertible promissory notes June 1, 2016 550,000 (550,000 ) - $ 1,860,000 $ (1,179,181 ) $ 680,819 Subordinated Loan - Related Party A stockholder of the Company has granted a loan of approximately $74,000 to the Company due on September 15, 2015 with interest only payments of 4% per annum. The loan is subordinate to the interests of the working capital facility and is unsecured. Interest expense For the three and six months ended June 30, 2016, the Company recognized interest expense associated with its debt balances as follows: Three months ended June 30, 2016 Six months ended June 30, 2016 Cash Interest Expense Coupon interest expense $ 33,396 $ 61,730 Noncash Interest Expense Amortization of debt discount 48,509 93,441 $ 81,905 $ 155,171 Aggregate Maturity Schedule of Borrowings The aggregate maturities of long-term debt outstanding as of June 30, 2016 are as follows: Year ending June 30, 2017 107,931 2018 33,591 2019 1,868,384 $ 2,009,906

8. CAPITAL STOCK

8. CAPITAL STOCK	6 Months Ended
8. CAPITAL STOCK	Jun. 30, 2016
Equity [Abstract]
8. CAPITAL STOCK	Common and Preferred Stock The Companys 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 June 30, 2016, there are 5,853,530 Investor and 93,000 Broker Warrants which are excluded on the aforementioned basis. As of June 30, 2016, there are 83,220 unvested shares and there are 17,301,568 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. 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 10 on share based compensation plans. Common Stock Issued for Services During the both the three and six months ended June 30, 2016, the Company issued 249,567 shares common stock as consideration for professional services valued at $77,701. These services had been accrued for as of March 31, 2016 and resulted in a non-cash financing adjustment when issued during the three months ended June 30, 2016. During the three and six months ended June 30, 2015, the Company issued 3,000 and 233,150 shares of fully vested restricted common stock

9. NONCONTROLLING INTERESTS

9. NONCONTROLLING INTERESTS	6 Months Ended
9. NONCONTROLLING INTERESTS	Jun. 30, 2016
Noncontrolling Interest [Abstract]
9. NONCONTROLLING INTERESTS	The composition of the net loss attributable to noncontrolling interests are as follows: Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Symbid Coop- 100% $ 12,488 $ (5,076 ) $ 26,205 $ (10,222 ) Symbid Italia 49.9% (18,805 ) (13,079 ) (40,145 ) (20,781 ) Total $ (6,317 ) $ (18,155 ) $ (13,940 ) $ (31,003 ) The composition of noncontrolling interests as reported in the balance sheets are as follows: June 30, 2016 December 31, 2015 Symbid Coop - 100% $ (88,566 ) $ (112,614 ) Symbid Italia 49.9% - 85,725 Total equity (deficiency) attributable to noncontrolling interests $ (88,566 ) $ (26,889 ) 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 Companys 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 Companys controlling interest and the noncontrolling interest. From the date of formation through December 31, 2015, Symbid Italia incurred operating losses, of approximately $118,000. Based thereon and following an extensive review of the prospects of Symbid Italia developing profitable operations in the near future and beyond, the board of directors and shareholders of Symbid Italia have determined that further investment in Symbid Italia is not warranted. This conclusion was based upon an assessment of the current and expected medium term Italian equity crowdfunding market, the view that the current European regulatory framework for equity crowdfunding reflects a country by country market rather than a pan European market which greatly limits expected synergies and economies of scale and because the Italian equity crowdfunding regulations restrict the ability to attract non-domestic investors. At the direction of the Symbid Italia board of directors, a special Symbid Italia shareholder meeting was held on April 29, 2016, at which it was determined to liquidate Symbid Italia and return the residual capital to the Symbid Italia shareholders. On May 26, 2016, the Symbid Italia was liquidated and the Company received proceeds of $44,922 and recognized a loss on derecognition of $2,986 which is included in other expense in the condensed consolidated statements of operations for the three and six month periods ended June 30, 2016. The loss represents the difference between the fair value of the proceeds received, the carrying amount of the noncontrolling interest and the carrying amount of Symbid Italias net assets at May 26, 2016.

10. SHARE BASED COMPENSATION PL

10. SHARE BASED COMPENSATION PLANS	6 Months Ended
10. SHARE BASED COMPENSATION PLANS	Jun. 30, 2016
Compensation and Retirement Disclosure [Abstract]
10. SHARE BASED COMPENSATION PLANS	2013 Stock Incentive Plan Under the 2013 Plan, 5 million shares of the Companys common stock have been reserved for issuance to officers, employees, directors, consultants and advisors to the Company. The stock 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 June 30, 2016, there are 3,559,351 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 and is generally one year. No awards were granted to employees or non-employees during the three months ended June 30, 2016. Employee Share Based Compensation There were not restricted stock unit grants to employees during the three and six months ended June 30, 2016. During the three months ended June 30, 2015 we awarded 7,500 restricted stock units ("RSUs") to one employee under the 2013 Plan. During the six months ended June 30, 2015, we awarded 147,236 RSUs to three employees and two members of management under the 2013 Plan. Each restricted stock unit represents the right to receive one share of our restricted common stock upon vesting. During the three and six months ended June 30, 2016, 81,281 and 162,563 RSUs vested, respectively. During both the three and six months ended June 30, 2016, there were 202,809 forfeitures During the three and six months ended June 30, 2015, 896,236 RSUs vested. During both the three and six months ended June 30, 2015, there were 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 $1,000 for the three months ended June 30, 2016, all of which was recorded in selling, general and administrative expenses. The Company recognized share based compensation expense for employee awards of approximately $43,000 for the six months ended June 30, 2016, all of which is recorded in selling, general and administrative expenses. The Company recognized share based compensation expense for employee awards of approximately $114,000 for the three months ended June 30, 2015, of which $98,000 and $16,000 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 $231,000 for the six months ended June 30, 2015, of which $199,000 and $32,000 is recorded in selling, general and administrative expenses and research and development, respectively. Unrecognized compensation expense for unvested employee RSUs at June 30, 2016 was approximately $10,000, which is expected to be recognized over the remaining weighted average period of .33 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 six months ended June 30, 2015, we awarded 30,000 RSUs to one advisor under the 2013 Plan. There were no grants during the three month period ended June 30, 2015. During the three and six month periods ended June 30, 2015, 38,500 and 81,000 Awards vested. As of June 30, 2015, no non-employees have forfeited restricted stock or RSUs awarded under the 2013 Plan. Under the 2013 Plan, for the three and six months ended June 30, 2016, the Company recognized share based compensation expense for non-employees of $1,500 and $4,000, all of which was recorded in selling general and administrative expenses. As of June 30, 2016, the Company has recorded approximately $11,000 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. For the three and six months ended June 30, 2015, the Company recognized share based compensation expense for non-employees of $0 and $19,000. There was no unrecognized compensation expense for unvested non-employee RSUs at June 30, 2016.

11. RELATED PARTY TRANSACTIONS

11. RELATED PARTY TRANSACTIONS	6 Months Ended
11. RELATED PARTY TRANSACTIONS	Jun. 30, 2016
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 six months ended June 30, 2015, total expenses recorded under these agreements were approximately $16,000. Other See Note 7 for related party financing arrangements.

2. SUMMARY OF SIGNIFICANT ACC18

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Jun. 30, 2016
Significant Accounting Policies
Principles of Consolidation	The accompanying condensed consolidated financial statements include the accounts of the Company and its significant subsidiaries on a 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. All intercompany accounts, balances and transactions with other consolidated entities have been eliminated. The condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States, and include the Companys accounts as well as those of a certain variable interest entity (VIE) for which the Company is the primary beneficiary.
Reclassifications	Certain reclassifications have been made to the 2015 financial statements to conform to the condensed consolidated 2016 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. generally accepted accounting principles 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 parents 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 interests associated with Symbid Coop and Symbid Italia are presented separately in the Companys 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 payments during the reporting period. 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. 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. Prior to January 2016 there was no credit risk as the success fees were collected directly at the moment the transaction took place on the platform. As of January 2016, we changed the policy for collecting the success fees and there will be a credit risk going forward. At the start of a funding campaign, the entrepreneur signs a contract with Symbid pursuant to which he or she agrees to pay Symbid a success fee once a successful fund raising campaign for that entrepreneur closes. Once the funding campaign has closed, Symbids success fee is transferred by Intersolve, the third party banking entity that holds all funds in escrow until closing, and the net proceeds of the funding are transferred by Intersolve to the notary or in case of loan crowdfunding directly to the entrepreneur. Upon completion of the funding campaign on Symbids platform, services delivered under the contract with the entrepreneur have been rendered and Symbid recognizes its success fee revenue at the time the campaign has been successfully closed. The Funding Network 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. This 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.
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 Companys 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 Companys current financial assets and liabilities approximate fair value due to their short term nature and include cash accounts. The Companys borrowings approximate fair value as the rates of interest are similar to what they would receive from other financial institutions.
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 $111,038. 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 Companys 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 June 30, 2016 and December 31, 2015, the balance sheet accounts, with the exception of equity, were translated at 1 EUR to $1.1104 and $1.0906, respectively. The average translation rates applied to the statements of operations and cash flows for the three months ended June 30, 2016 and 2015 were at 1 EUR to $1.1292 and 1 EUR to $ 1.1058, respectively. The average translation rates applied to the statements of operations and cash flows for the six months ended June 30, 2016 and 2015 were at 1 EUR to $1.1161 and 1 EUR to $ 1.1170, 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 is reviewed on a regular basis for the existence of facts or circumstances that the intangible asset may be impaired. An intangible asset is subject to amortization and is assessed for impairment whenever events or circumstances indicate that their carrying value may not be recoverable. In testing the recoverability of the asset, the carrying value of the asset is compared to the future projected undiscounted cash flows. The cash flows are based on managements expectations of future revenues and expenses including costs to maintain the assets over their respective service lives. An impairment loss is recognized as the excess of the carrying value over the fair value when an asset is not recoverable. Fair value is based on valuation techniques or third party appraisals. Significant estimates and judgments are applied in determining these cash flows and fair values. In accordance with US GAAP, we perform interim impairment testing should circumstances requiring it arise. Due to certain impairment indicators which were triggered during the three months ended June 30, 2016, the Company performed an impairment analysis of its intangible asset which indicated that the future undiscounted cash flows of the asset did not exceed its net carrying value. As such, the Company fully impaired its intangible asset (see Note 4).
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 Companys 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 Companys operations are subject to a number of risks, including but not limited to, changes in the general economy, demand for the Companys 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 customers 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 historic experience, current economic conditions, and other collection indicators. At June 30, 2016 and December 31, 2015, the Company has recorded an allowance for doubtful accounts for $10,870 and $39,847, 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 Companys other comprehensive loss is comprised of foreign currency translation adjustments.
Cost Method Investments	Direct and or indirect investments in business entities in which Symbid Corp. does not have a controlling financial interest and has no ability to exercise significant influence over 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 Symbid Corp. does not have a controlling financial interest, but has the ability to exercise significant influence over operating and financial policies (generally 20-50 percent ownership), are accounted for by the equity method.
Recent Accounting Pronouncements	In February 2016, the FASB issued ASU No. 2016-02, Leases, requiring lessees to recognize assets and liabilities for leases with lease terms of more than 12 months in the balance sheet. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. The new guidance is effective for fiscal years and for interim periods within those fiscal years, beginning after December 15, 2018. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. The adoption of this guidance is not expected to have an impact on the Companys condensed consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-09, CompensationStock Compensation (Topic 718): Improvements to Employee Share based Payment Accounting (ASU 2016-09), which addresses how companies account for certain aspects of share based payments to employees. Entities will be required to recognize the income tax effects of awards in the statement of income when the awards vest or are settled, and to present excess tax benefits as an operating activity on the statement of cash flows rather than as a financing activity. The ASU also addresses such areas as an accounting policy election for forfeitures and the amount an employer can withhold to cover income taxes and still qualify for equity classification. The amendments in this ASU will be effective for annual periods and for interim periods within those fiscal years, beginning after December 15, 2016. Early adoption is permitted. The Company is currently evaluating the impact of the adoption of this standard on its condensed consolidated financial statements.

3. VARIABLE INTEREST ENTITY- 19

3. VARIABLE INTEREST ENTITY- SYMBID COOP (Tables)	6 Months Ended
3. VARIABLE INTEREST ENTITY- SYMBID COOP (Tables)	Jun. 30, 2016
Notes to Financial Statements
Schedule of assets and liabilities of Symbid Coop	June 30, 2016 December 31, 2015 Current assets $ 70,924 $ 73,600 Current liabilities $ 159,492 $ 186,214

4. INTANGIBLE ASSETS (Tables)

4. INTANGIBLE ASSETS (Tables)	6 Months Ended
4. INTANGIBLE ASSETS (Tables)	Jun. 30, 2016
Intangible Assets Tables
INTANGIBLE ASSETS	June 30, December 31, 2016 2015 Software $ 1,019,103 $ 984,267 Less - Accumulated amortization (274,394 ) (199,197 ) Impairment (740,063 ) - Translation adjustment (4,646 ) - $ - $ 785,070

6. ACCRUED EXPENSES AND OTHER21

6. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)	6 Months Ended
6. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)	Jun. 30, 2016
Payables and Accruals [Abstract]
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	June 30, 2016 December 31, 2015 Advisory costs $ 21,863 $ 89,829 Interest 103,522 45,863 Wage tax return 45,264 19,035 Holiday pay allowance/Net salary 6,120 24,533 Penalty waiver 14,630 14,630 Marketing 24,568 38,069 Accrued stock liability 10,996 20,541 Other current liabilities 7,338 49,396 $ 234,301 $ 301,896

7. NOTES PAYABLE (Tables)

7. NOTES PAYABLE (Tables)	6 Months Ended
7. NOTES PAYABLE (Tables)	Jun. 30, 2016
Debt Disclosure [Abstract]
Notes Payable	June 30, December 31, 2016 2015 Line of credit $ - $ - Working capital facility 75,567 82,469 Subordinated loan related party 74,340 73,016 8% Convertible promissory notes, net of discount 680,819 587,378 Total notes payable 830,726 742,863 Less - Current Maturities (107,931 ) (106,009 )) Notes payable, less current maturities $ 722,795 $ 636,854
Convertible promissory notes payable	Principal Unamortized Debt Discount Balance As of June 30, 2016 8% Convertible promissory notes July 14, 2015 $ 60,000 $ (10,654 ) $ 49,346 8% Convertible promissory notes September 8, 2015 1,250,000 (618,527 ) 631,473 8% Convertible promissory notes June 1, 2016 550,000 (550,000 ) - $ 1,860,000 $ (1,179,181 ) $ 680,819
Recognized interest expense associated with its debt	Three months ended June 30, 2016 Six months ended June 30, 2016 Cash Interest Expense Coupon interest expense $ 33,396 $ 61,730 Noncash Interest Expense Amortization of debt discount 48,509 93,441 $ 81,905 $ 155,171
Aggregate Maturity Schedule of Borrowings	Year ending June 30, 2017 107,931 2018 33,591 2019 1,868,384 $ 2,009,906

9. NONCONTROLLING INTERESTS (Ta

9. NONCONTROLLING INTERESTS (Tables)	6 Months Ended
9. NONCONTROLLING INTERESTS (Tables)	Jun. 30, 2016
Equity [Abstract]
Net loss attributable to noncontrolling interest	Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Symbid Coop- 100% $ 12,488 $ (5,076 ) $ 26,205 $ (10,222 ) Symbid Italia 49.9% (18,805 ) (13,079 ) (40,145 ) (20,781 ) Total $ (6,317 ) $ (18,155 ) $ (13,940 ) $ (31,003 )
Non-controlling Interests	June 30, 2016 December 31, 2015 Symbid Coop - 100% $ (88,566 ) $ (112,614 ) Symbid Italia 49.9% - 85,725 Total equity (deficiency) attributable to noncontrolling interests $ (88,566 ) $ (26,889 )

1. BUSINESS, ORGANIZATION AND24

1. BUSINESS, ORGANIZATION AND LIQUIDITY (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Net losses	$ 1,335,460	$ 555,199	$ 2,005,751	$ 1,135,020
Working capital deficit	313,027		313,027		$ 164,000
Cash on hand	$ 35,468		$ 35,468		$ 553,696
Equidam Holding B.V. [Member]
Ownership interest	7.00%		7.00%		7.00%
Equidam Holding B.V. [Member] \| Executive Officer [Member]
Ownership interest					20.25%
Kredietpaspoort U.A. [Member]
Ownership interest					14.53%

2. SUMMARY OF SIGNIFICANT ACC25

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Cash, FDIC Insured Amount	$ 111,038
Property and equipment useful life	5 years
Intangible assets estimated useful life	7 years
Allowance for doubtful accounts	$ 10,870	$ 39,847
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- 26

3. VARIABLE INTEREST ENTITY- SYMBID COOP (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Notes to Financial Statements
Current assets	$ 70,924	$ 73,600
Current liabilities	$ 159,492	$ 186,214

4. INTANGIBLE ASSETS (Details)

4. INTANGIBLE ASSETS (Details) - USD ($)	6 Months Ended	12 Months Ended
4. INTANGIBLE ASSETS (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Notes to Financial Statements
Software	$ 1,019,103	$ 984,267
Less- Accumulated Depreciation	(274,394)	(199,197)
Impairment	(740,063)	0
Translation adjustment	(4,646)	0
Total	$ 0	$ 785,070

6. ACCRUED EXPENSES AND OTHER28

6. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Accrued Expenses And Other Current Liabilities Details
Advisory costs	$ 21,863	$ 89,829
Interest	103,522	45,863
Wage tax return	45,264	19,035
Holiday pay allowance/Net salary	6,120	24,533
Penalty waiver	14,630	14,630
Marketing	24,568	38,069
Accrued stock liability	10,996	20,541
Other current liabilities	7,338	49,396
Accrued expenses and other current liabilities	$ 234,301	$ 301,896

7. NOTES PAYABLE (Details)

7. NOTES PAYABLE (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Notes Payable Details
Line of credit	$ 0	$ 0
Working capital facility	75,567	82,469
Subordinated loan - related party	74,340	73,016
8% Convertible promissory notes	680,819	587,378
Total notes payable	830,726	742,863
Less - Current Maturities	(107,931)	(106,009)
Notes payable, less current maturities	$ 772,795	$ 636,854

7. NOTES PAYABLE (Details 1)

7. NOTES PAYABLE (Details 1)	Jun. 30, 2016USD ($)
Convertible promissory notes July 14, 2015 [Member]
Principal	$ 60,000
Debt Discount	(10,654)
Convertible promissory notes	49,346
Convertible promissory notes September 8, 2015 [Member]
Principal	1,250,000
Debt Discount	(618,527)
Convertible promissory notes	631,473
Convertible promissory notes June 1, 2016 [Member]
Principal	550,000
Debt Discount	(550,000)
Convertible promissory notes	$ 0

7. NOTES PAYABLE (Details 2)

7. NOTES PAYABLE (Details 2)	Jun. 30, 2016USD ($)
Notes Payable Details
2,017	$ 107,931
2,018	33,591
2,019	$ 1,868,384

7. NOTES PAYABLE (Details 3)

7. NOTES PAYABLE (Details 3) - USD ($)	3 Months Ended		6 Months Ended
7. NOTES PAYABLE (Details 3) - USD ($)	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Cash interest expense
Coupon interest expense	$ 33,396		$ 61,730
Noncash Interest Expense
Amortization of debt discount	48,509		93,441	$ 0
Total	$ 81,905	$ 2,566	$ 155,171	$ 5,280

7. NOTES PAYABLE (Details Narra

7. NOTES PAYABLE (Details Narrative) - USD ($)	6 Months Ended
7. NOTES PAYABLE (Details Narrative) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Notes Payable Details Narrative
Loan balance	$ 76,000
Balance on credit facility	0
Line of credit	$ 67,000
Floating interest rate	8.40%	8.40%

8. CAPITAL STOCK (Details Narra

8. CAPITAL STOCK (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
8. CAPITAL STOCK (Details Narrative) - USD ($)	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Capital Stock Details Narrative
Fair value of fully vested restricted common stock issued to advisors and consultants		$ 630		$ 93,000
Common stock shares issued consideration for professional services	249,567	3,000	249,567	233,150

9. NONCONTROLLING INTERESTS (De

9. NONCONTROLLING INTERESTS (Details) - USD ($)	3 Months Ended		6 Months Ended
9. NONCONTROLLING INTERESTS (Details) - USD ($)	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Total net loss attributable to noncontrolling interests	$ (6,317)	$ (18,155)	$ (13,940)	$ (31,003)
Symbid Coop
Total net loss attributable to noncontrolling interests	12,488	(5,076)	26,205	(10,222)
Symbid Italia
Total net loss attributable to noncontrolling interests	$ (18,805)	$ (13,079)	$ (40,145)	$ (20,781)

9. NONCONTROLLING INTERESTS (36

9. NONCONTROLLING INTERESTS (Details 1) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Total equity (deficit) attributable to noncontrolling interests	$ (88,566)	$ (26,889)
Symbid Coop
Total equity (deficit) attributable to noncontrolling interests	(88,566)	(112,614)
Symbid Italia
Total equity (deficit) attributable to noncontrolling interests	$ 0	$ 85,725

10. SHARE BASED COMPENSATION 37

10. SHARE BASED COMPENSATION PLANS (Details Narrative) - 2013 Stock Incentive Plan [Member] - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Non-employee [Member]
Shares available for issuance	3,559,351		3,559,351
Restricted stock award		$ 0	$ 0	$ 30,000
Share based compensation expense	$ 1,500	0	4,000	19,000
Accrued expenses and other liabilities	11,000		11,000		$ 29,000
Employee [Member]
Restricted stock award	$ 0	$ 7,500	$ 0	$ 147,236
Restricted stock forfeitures	202,809	9,750	202,809	9,750
Share based compensation expense	$ 1,000	$ 114,000	$ 43,000	$ 231,000
Unrecognized compensation expense	$ 10,000		$ 10,000
Unrecognized compensation expense, period			3 months 29 days

11. RELATED PARTY TRANSACTIONS

11. RELATED PARTY TRANSACTIONS (Details Narrative)	3 Months Ended
11. RELATED PARTY TRANSACTIONS (Details Narrative)	Jun. 30, 2015USD ($)
Related Party Transactions
Management expense	$ 16,000