Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Jun. 30, 2019 | Aug. 12, 2019 | |
Document And Entity Information | ||
Entity Registrant Name | Starco Brands, Inc. | |
Entity Central Index Key | 0001539850 | |
Document Type | 10-Q | |
Document Period End Date | Jun. 30, 2019 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Is Entity's Reporting Status Current? | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Common Stock, Shares Outstanding | 159,090,914 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2019 | |
Entity Emerging Growth Company | false | |
Entity Small Business | true | |
Entity Ex Transition Period | false | |
Entity Interactive Data Current | Yes | |
Entity Incorporation, State or Country Code | CA | |
Entity File Number | 0-54892 |
CONDENSED BALANCE SHEETS (Unaud
CONDENSED BALANCE SHEETS (Unaudited) - USD ($) | Jun. 30, 2019 | Dec. 31, 2018 |
Current Assets: | ||
Cash | $ 9,549 | $ 721 |
Accounts receivable | 18,632 | 17,504 |
Prepaid and other expenses | 9,390 | 25,974 |
Total Current Assets | 37,571 | 44,199 |
Right of use lease asset, operating, net | 104,314 | |
Deposit | 3,500 | 3,500 |
Total Assets | 145,385 | 47,699 |
Current Liabilities: | ||
Accounts payable | 175,736 | 171,954 |
Other payable and accruals | 281,141 | 280,914 |
Accrued compensation | 47,650 | 45,850 |
Lease obligation | 38,553 | |
Loan payable - related party | 385,165 | 373,346 |
Notes payable | 10,092 | 26,731 |
Total Current Liabilities | 938,337 | 898,795 |
Lease obligation - noncurrent portion | 66,442 | |
Total Liabilities | 1,004,779 | 898,795 |
Stockholders' (Deficit): | ||
Common Stock, par value $0.001 300,000,000 shares authorized, 159,090,914 and 159,090,914 shares issued and outstanding, respectively | 159,091 | 159,091 |
Additional paid in capital | 15,553,555 | 15,530,155 |
Accumulated deficit | (16,572,040) | (16,540,342) |
Total Stockholders' Deficit | (859,394) | (851,096) |
Total Liabilities and Stockholders' Deficit | $ 145,385 | $ 47,699 |
CONDENSED BALANCE SHEETS (Una_2
CONDENSED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares | Jun. 30, 2019 | Dec. 31, 2018 |
Statement of Financial Position [Abstract] | ||
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 300,000,000 | 300,000,000 |
Common stock, shares issued | 159,090,914 | 159,090,914 |
Common stock, shares outstanding | 159,090,914 | 159,090,914 |
CONDENSED STATEMENTS OF OPERATI
CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Income Statement [Abstract] | ||||
Revenues | $ 117,486 | $ 39,716 | $ 178,749 | $ 40,479 |
Operating Expenses: | ||||
Compensation expense | 46,230 | 61,698 | 92,950 | 148,164 |
Professional fees | 8,686 | 13,239 | 30,443 | 89,129 |
General and administrative | 65,858 | 66,489 | 101,154 | 147,973 |
Total operating expenses | 120,774 | 141,426 | 224,547 | 385,266 |
Loss from operations | (3,288) | (101,710) | (45,798) | (344,787) |
Other Income (Expense): | ||||
Interest expense | (7,803) | (7,927) | (15,834) | (15,908) |
Gain on forgiveness of debt | 19,434 | 19,434 | ||
Interest income | 13 | 43 | ||
Other income | 5,250 | 3,000 | 10,500 | 6,000 |
Total other expense | 16,881 | (4,914) | 14,100 | (9,865) |
Income (loss) before provision for income taxes | 13,593 | (106,624) | (31,698) | (354,652) |
Provision for income taxes | ||||
Net Income (Loss) | $ 13,593 | $ (106,624) | $ (31,698) | $ (354,652) |
Loss per Share, Basic & Diluted | $ 0 | $ 0 | $ 0 | $ 0 |
Weighted Average Shares Outstanding | 159,090,914 | 157,925,413 | 159,090,914 | 107,508,363 |
STATEMENTS OF STOCKHOLDERS EQUI
STATEMENTS OF STOCKHOLDERS EQUITY (DEFICIT) (Unaudited) - USD ($) | Common Stock | Additional Paid-In Capital | Common Stock to be Issued | Accumulated Deficit | Total |
Beginning Balance at Dec. 31, 2017 | $ 2,418 | $ 14,965,081 | $ 600,000 | $ (16,098,391) | $ (530,892) |
Beginning Balance, Shares at Dec. 31, 2017 | 2,417,569 | ||||
Shares issued for service | $ 30,300 | (22,119) | 8,181 | ||
Shares issued for service, Shares | 30,300,000 | ||||
Shares issued to officer and directors for services | $ 117,282 | (85,616) | 31,666 | ||
Shares issued to officer and directors for services, Shares | 117,282,442 | ||||
Contributed services | 23,400 | 23,400 | |||
Net Loss for the period | (248,028) | (248,028) | |||
Ending Balance at Mar. 31, 2018 | $ 150,000 | 14,880,746 | 600,000 | (16,346,419) | (715,673) |
Ending Balance, Shares at Mar. 31, 2018 | 150,000,011 | ||||
Beginning Balance at Dec. 31, 2017 | $ 2,418 | 14,965,081 | 600,000 | (16,098,391) | (530,892) |
Beginning Balance, Shares at Dec. 31, 2017 | 2,417,569 | ||||
Contributed services | 46,800 | ||||
Net Loss for the period | (354,652) | ||||
Ending Balance at Jun. 30, 2018 | $ 159,091 | 15,495,055 | (16,453,043) | (798,897) | |
Ending Balance, Shares at Jun. 30, 2018 | 15,495,055 | ||||
Beginning Balance at Mar. 31, 2018 | $ 150,000 | 14,880,746 | 600,000 | (16,346,419) | (715,673) |
Beginning Balance, Shares at Mar. 31, 2018 | 150,000,011 | ||||
Contributed services | 23,400 | 23,400 | |||
Shares issued for stock payable | $ 9,091 | 590,909 | (600,000) | ||
Shares issued for stock payable, in shares | 9,090,903 | ||||
Net Loss for the period | (106,624) | (106,624) | |||
Ending Balance at Jun. 30, 2018 | $ 159,091 | 15,495,055 | (16,453,043) | (798,897) | |
Ending Balance, Shares at Jun. 30, 2018 | 15,495,055 | ||||
Beginning Balance at Dec. 31, 2018 | $ 159,091 | 15,530,155 | (16,540,342) | (851,096) | |
Beginning Balance, Shares at Dec. 31, 2018 | 15,495,055 | ||||
Contributed services | 11,700 | 11,700 | |||
Net Loss for the period | (45,291) | (45,291) | |||
Ending Balance at Mar. 31, 2019 | $ 159,091 | 15,541,855 | (16,585,633) | (884,687) | |
Ending Balance, Shares at Mar. 31, 2019 | 15,495,055 | ||||
Beginning Balance at Dec. 31, 2018 | $ 159,091 | 15,530,155 | (16,540,342) | (851,096) | |
Beginning Balance, Shares at Dec. 31, 2018 | 15,495,055 | ||||
Contributed services | 23,400 | ||||
Net Loss for the period | (31,698) | ||||
Ending Balance at Jun. 30, 2019 | $ 159,091 | 15,553,555 | (16,572,040) | (859,394) | |
Ending Balance, Shares at Jun. 30, 2019 | 15,495,055 | ||||
Beginning Balance at Mar. 31, 2019 | $ 159,091 | 15,541,855 | (16,585,633) | (884,687) | |
Beginning Balance, Shares at Mar. 31, 2019 | 15,495,055 | ||||
Contributed services | 11,700 | 11,700 | |||
Net Loss for the period | 13,593 | 13,593 | |||
Ending Balance at Jun. 30, 2019 | $ 159,091 | $ 15,553,555 | $ (16,572,040) | $ (859,394) | |
Ending Balance, Shares at Jun. 30, 2019 | 15,495,055 |
CONDENSED STATEMENTS OF CASH FL
CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) | 6 Months Ended | |
Jun. 30, 2019 | Jun. 30, 2018 | |
CASH FLOW FROM OPERATING ACTIVITES: | ||
Net Loss for the Period | $ (31,698) | $ (354,652) |
Adjustments to reconcile net loss to net cash used by operating activities: | ||
Stock based compensation | 8,181 | |
Stock based compensation - related party | 31,666 | |
Gain on forgiveness of debt | 19,434 | |
Contributed services | 23,400 | 46,800 |
Changes in Operating Assets and Liabilities: | ||
Accounts receivable | (1,128) | (35,025) |
Prepaids & other assets | 16,584 | 31,227 |
Accounts payable | (15,651) | 32,535 |
Accrued expenses | 2,708 | 4,545 |
Net Cash Provided by (Used in) Operating Activities | 13,649 | (234,723) |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||
Net Cash Used in Investing Activities | ||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Advances from a related party | 54,518 | 2,000 |
Repayment of advances from a related party | (42,700) | (2,000) |
Payments on notes payable | (16,639) | (33,158) |
Net Cash Provided by Financing Activities | (4,821) | (33,158) |
Net Increase (decrease) in Cash | 8,828 | (267,881) |
Cash at Beginning of Period | 721 | 314,181 |
Cash at End of Period | 9,549 | 46,300 |
Cash paid during the year for: | ||
Interest | ||
Income taxes | ||
Supplemental non-cash disclosure: | ||
Establish operating lease right of use asset and related liability | $ 122,825 |
ORGANIZATION AND DESCRIPTION OF
ORGANIZATION AND DESCRIPTION OF BUSINESS | 6 Months Ended |
Jun. 30, 2019 | |
Organization And Description Of Business | |
ORGANIZATION AND DESCRIPTION OF BUSINESS | NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS Starco Brands, Inc. (the "Company") then operating under a different name, was incorporated in the State of Nevada on January 26, 2010, to engage in Direct Response marketing of consumer products with the goal of producing sales through television and/or retail. On September 7, 2017 the Company filed an Amendment to the Articles of Incorporation to change the corporate name to Starco Brands, Inc. The Board determined the change of the Company’s name was in the best interests of the Company due to changes in our current and anticipated business operations. In July 2017 the Company entered into a licensing agreement with The Starco Group, located in Los Angeles, California. The Companies pivoted to commercializing novel consumer products manufactured by The Starco Group. The Starco Group is a private label and branded aerosol and liquid fill manufacturer which manufactures DIY/Hardware, paints, coatings and adhesives, household, hair care, disinfectants, automotive, motorcycle, arts & crafts, personal care cosmetics, personal care, FDA, sun care, food, cooking oils, beverage, spirits and wine. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 6 Months Ended |
Jun. 30, 2019 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation The Company’s unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The accompanying unaudited condensed financial statements reflect all adjustments, consisting of only normal recurring items, which, in the opinion of management, are necessary for a fair statement of the results of operations for the periods shown and are not necessarily indicative of the results to be expected for the full year ending December 31, 2019. These unaudited condensed financial statements should be read in conjunction with the financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018. Use of estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates. Reclassifications Certain reclassifications have been made to the prior period financial information to conform to the presentation used in the financial statements for the six months ended June 30, 2019. Recently issued accounting pronouncements In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. The Company is also evaluating the potential impact of new standards that have been issued but are not yet effective. |
GOING CONCERN
GOING CONCERN | 6 Months Ended |
Jun. 30, 2019 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
GOING CONCERN | NOTE 3 – GOING CONCERN The accompanying unaudited condensed financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has an accumulated deficit of $16,572,040, due in part from the Company granting stock for services during its reorganization in 2017 and 2018, at June 30, 2019, had a net loss of $31,698 and net cash provided by operating activities of $13,649 for the six months ended June 30, 2019. The Company’s ability to raise additional capital through the future issuances of common stock and/or debt financing is unknown. The obtainment of additional financing, the successful development of the Company’s contemplated plan of operations, and its transition, ultimately, to the attainment of profitable operations are necessary for the Company to continue operations. These conditions and the ability to successfully resolve these factors raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements of the Company do not include any adjustments that may result from the outcome of these aforementioned uncertainties. |
ACCOUNTS PAYABLE
ACCOUNTS PAYABLE | 6 Months Ended |
Jun. 30, 2019 | |
Payables and Accruals [Abstract] | |
ACCOUNTS PAYABLE | NOTE 4 – ACCOUNTS PAYABLE A portion of the Company’s accounts payable is the result of chargebacks for product that was not sold by a former customer. The Company also has other payables that are several years old for which management is in discussion with the vendors to settle those liabilities for a lesser amount. June 30, 2019 December 31, 2018 Chargeback $ 3,075 $ 3,075 Aged payables 45,023 45,023 Other vendor payables 127,638 123,856 $ 175,736 $ 171,954 |
NOTES PAYABLE
NOTES PAYABLE | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
NOTES PAYABLE | NOTE 5 – NOTES PAYABLE The Company had two financing loans for its Director and Officer Insurance, both of which expired in the third quarter of 2018 and were replaced with a new single loan. As of June 30, 2019, and December 31, 2018 the loan(s) had a balance of $6,792 and $26,731, respectively. The new loan bears interest at 6.97% and is due within one year. During the fourth quarter of 2018 a third party loaned the Company $3,300 to pay for general operating expenses. The loan is unsecured, non-interest bearing and due on demand. |
COMMITMENTS & CONTINGENCIES
COMMITMENTS & CONTINGENCIES | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
COMMITMENTS & CONTINGENCIES | NOTE 6 – COMMITMENTS & CONTINGENCIES The Company currently occupies office space in Burbank, California. The Company signed a three-year lease starting January 1, 2016. The lease has been extended for an additional three-year term. Current monthly lease payments are $3,742 with yearly increases. The lease required a deposit of $3,500 which was paid on December 10, 2015. The lease is being accounted for under ASU 2016-02 Leases (Topic 842). The company recorded an initial Right of Use of Asset and Lease Obligation of $122,825. As of June 30, 2019, the Company has accrued rent due of $17,910 and a Lease Obligation of $104,995. Investment Agreement On July 9, 2014, the Board of Directors approved an investment arrangement with an individual. Per the terms of the agreement, the investor transferred $150,000 to the Company for which he was entitled to the following: $1 per unit sold of a fitness product through all retail outlets including online and retail shopping shows until the investment was paid back in full. Once the original investment was recouped the investor shall then receive a 2% royalty in perpetuity on all future retail sales of the fitness product. The investment remains with the Company and is disclosed as an accrued liability on the balance sheet. Since the product for which the investment was intended was never produced this agreement is being renegotiated. |
COMMON STOCK
COMMON STOCK | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
COMMON STOCK | NOTE 7 – COMMON STOCK On April 29, 2019, the Board, cancelled 312,500 shares of common stock previously issued for services. The shares were cancelled for non-performance as permitted per the terms of the original service agreement. As of June 30, 2019, the shares have not yet been cancelled by the transfer agent and remain outstanding. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
RELATED PARTY TRANSACTIONS | NOTE 8 – RELATED PARTY TRANSACTIONS During the year ended December 31, 2017, Sanford Lang, the Company’s Chairman and former CEO, advanced the Company $289,821 to pay for general operating expenses. The advances are uncollateralized, require a monthly interest payment of $2,545 and due on demand. On February 26, 2018, the Board approved the issuance of 117,282,442 shares of common stock to its officers and directors for services rendered at a price per share of $0.00027 for total non-cash expense of $31,666. As of June 30, 2019, the Company owed The Starco Group, Inc, (“TSG”) $72,843 for expenses paid by The Starco Group on behalf of the Company for expenses to launch licensed brands. Once royalties exceed $250,000 in the aggregate, TSG will deduct the incurred expenses from the subsequent royalty payments until TSG is paid in full. In addition, the Company owes TSG an additional $22,500 for expenses paid on behalf of the Company or funds advanced to the Company to pay for other operating expenses. During the three and six months ended June 30, 2019, the Company recognized royalty income of $117,486 and $178,749, respectively and had a $18,632 receivable from The Starco Group. |
STOCK WARRANTS
STOCK WARRANTS | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
STOCK WARRANTS | NOTE 9 – STOCK WARRANTS A summary of the status of the Company’s outstanding stock warrants and changes during the periods is presented below: Shares available to purchase with warrants Weighted Average Price Weighted Average Fair Value Outstanding, December 31, 2017 2,000,000 $ 1.05 $ 0.003 Issued - $ - $ - Exercised - $ - $ - Cancelled - $ - $ - Expired - $ - $ - Outstanding, December 31, 2018 2,000,000 $ 1.05 $ 0.003 Issued - $ - $ - Exercised - $ - $ - Cancelled - $ - $ - Expired - $ - $ - Outstanding, June 30, 2019 2,000,000 $ 1.05 $ 0.003 Exercisable, June 30, 2019 2,000,000 $ 1.05 $ 0.003 |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 6 Months Ended |
Jun. 30, 2019 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | NOTE 10 – SUBSEQUENT EVENTS Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855, from the balance sheet date through the date the financial statements were issued and has determined that no material subsequent events exist. |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 6 Months Ended |
Jun. 30, 2019 | |
Accounting Policies [Abstract] | |
Basis of presentation | Basis of presentation The Company’s unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The accompanying unaudited condensed financial statements reflect all adjustments, consisting of only normal recurring items, which, in the opinion of management, are necessary for a fair statement of the results of operations for the periods shown and are not necessarily indicative of the results to be expected for the full year ending December 31, 2019. These unaudited condensed financial statements should be read in conjunction with the financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018. |
Use of estimates | Use of estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates. |
Reclassifications | Reclassifications Certain reclassifications have been made to the prior period financial information to conform to the presentation used in the financial statements for the six months ended June 30, 2019. |
Recently issued accounting pronouncements | Recently issued accounting pronouncements In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. The Company is also evaluating the potential impact of new standards that have been issued but are not yet effective. |
ACCOUNTS PAYABLE (Tables)
ACCOUNTS PAYABLE (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Payables and Accruals [Abstract] | |
Schedule of Account Payable | June 30, 2019 December 31, 2018 Chargeback $ 3,075 $ 3,075 Aged payables 45,023 45,023 Other vendor payables 127,638 123,856 $ 175,736 $ 171,954 |
STOCK WARRANTS (Tables)
STOCK WARRANTS (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Schedule of Outstanding Stock Warrants | A summary of the status of the Company’s outstanding stock warrants and changes during the periods is presented below: Shares available to purchase with warrants Weighted Average Price Weighted Average Fair Value Outstanding, December 31, 2017 2,000,000 $ 1.05 $ 0.003 Issued - $ - $ - Exercised - $ - $ - Cancelled - $ - $ - Expired - $ - $ - Outstanding, December 31, 2018 2,000,000 $ 1.05 $ 0.003 Issued - $ - $ - Exercised - $ - $ - Cancelled - $ - $ - Expired - $ - $ - Outstanding, June 30, 2019 2,000,000 $ 1.05 $ 0.003 Exercisable, June 30, 2019 2,000,000 $ 1.05 $ 0.003 |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | |||||
Jun. 30, 2019 | Mar. 31, 2019 | Jun. 30, 2018 | Mar. 31, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | Dec. 31, 2018 | |
Going Concern | |||||||
Accumulated Deficit | $ 16,572,040 | $ 16,572,040 | $ 16,540,342 | ||||
Net Loss | $ (13,593) | $ 45,291 | $ 106,624 | $ 248,028 | 31,698 | $ 354,652 | |
Net Cash (Used) in Operating Activities | $ 13,649 | $ (234,723) |
ACCOUNTS PAYABLE (Details)
ACCOUNTS PAYABLE (Details) - USD ($) | Jun. 30, 2019 | Dec. 31, 2018 |
Payables and Accruals [Abstract] | ||
Chargeback | $ 3,075 | $ 3,075 |
Aged payables | 45,023 | 45,023 |
Other vendor payables | 127,638 | 123,856 |
Account Payable | $ 175,736 | $ 171,954 |
COMMITMENTS & CONTINGENCIES (De
COMMITMENTS & CONTINGENCIES (Details Narrative) - USD ($) | 6 Months Ended | |
Jun. 30, 2019 | Dec. 10, 2015 | |
Commitments Contingencies | ||
Current Lease payment | $ 3,742 | |
Lease required a deposit | $ 3,500 | |
Accured Rent | 17,910 | |
Lease Obligation | $ 104,995 |
COMMON STOCK (Details Narrative
COMMON STOCK (Details Narrative) - shares | Apr. 29, 2019 | Mar. 31, 2018 |
Common Stock | ||
Shares Cancelled for Non-performance of Serivces | 312,500 | 30,300,000 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | Feb. 26, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | Dec. 31, 2018 |
General Operating Expenses | $ 65,858 | $ 66,489 | $ 101,154 | $ 147,973 | ||
Common Shares Issued | 117,282,442 | 159,090,914 | 159,090,914 | 159,090,914 | ||
Common Share, per price | $ 0.00027 | $ 0.001 | $ 0.001 | $ 0.001 | ||
Non Cash Expenses | $ 31,666 | |||||
Account Receivable | $ 18,632 | $ 18,632 | ||||
Chairman And Former CEO [Member] | ||||||
General Operating Expenses | $ 289,821 | |||||
The Starco Group [Member] | ||||||
Royalty Revenue | $ 117,486 | $ 178,749 |
STOCK WARRANTS (Details)
STOCK WARRANTS (Details) - $ / shares | 6 Months Ended | 12 Months Ended |
Jun. 30, 2019 | Dec. 31, 2018 | |
Shares | ||
Exercisable-end of period (in shares) | 2,000,000 | |
Weighted Average Exercise Price | ||
Exercisable-end of period (in dollars per share) | $ 1.05 | |
Stock Warrants [Member] | ||
Shares | ||
Outstanding-beginning of period (in shares) | 2,000,000 | 2,000,000 |
Issued | ||
Exercised | ||
Forfieted | ||
Expired | ||
Outstanding-end of period (in shares) | 2,000,000 | 2,000,000 |
Weighted Average Exercise Price | ||
Outstanding-beginning of period (in dollars per share) | $ 1.05 | $ 1.05 |
Issued | ||
Exercised | ||
Forfieted | ||
Expired | ||
Outstanding-end of period (in dollars per share) | 1.05 | 1.05 |
Weighted Average Fair Value | ||
Outstanding-beginning of period (in dollars per share) | .003 | .003 |
Issued | ||
Exercised | ||
Forfeited | ||
Outstanding-end of period (in dollars per share) | $ .003 | $ .003 |