NutraLife BioSciences (NLBS) 10-Q 13 Nov 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	9 Months Ended
	Sep. 30, 2018shares
Document and Entity Information:
Entity Registrant Name	NUTRAFUELS INC
Document Type	10-Q
Document Period End Date	Sep. 30, 2018
Amendment Flag	false
Entity Central Index Key	1,563,463
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding	90,067,069
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	2,018
Document Fiscal Period Focus	Q3
Trading Symbol	ntfl

NUTRAFUELS, INC. - Balance Shee

NUTRAFUELS, INC. - Balance Sheets - USD ($)		Sep. 30, 2018	Dec. 31, 2017
Current Assets:
Cash and cash equivalents		$ 210,190	$ 172,948
Accounts receivable		20,537
Inventory		429,605	162,194
Prepaid expenses and other current assets		164,856	332,460
TOTAL CURRENT ASSETS		825,188	667,602
PROPERTY AND EQUIPMENT
Furniture, fixtures and equipment		1,251,293	425,005
Leasehold improvements		422,105	154,842
Total Property and Equipment		1,673,398	579,847
Less accumulated depreciation		(390,168)	(293,317)
Property and equipment, net		1,283,230	286,530
Total Assets		2,108,418	954,132
Current Liabilities:
Accounts payable		292,401	87,504
Accrued expenses		421,602	206,105
Customer deposits		202,832
Current portion of capital leases		959
Liability for shares to be issued		74,637
Total Current Liabilities		992,431	293,609
LIABILITIES
Capital leases, net of current portion		18,220
Convertible note	[1]	80,504
Total liabilities		1,091,155	293,609
Stockholders' Equity
Preferred stock
Common stock		9,007	8,144
Additional paid-in capital		35,321,409	33,411,300
Accumulated deficit		(34,313,153)	(32,758,921)
TOTAL STOCKHOLDERS' EQUITY		1,017,263	660,523
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY		$ 2,108,418	$ 954,132
[1]	Net of unamortized discount of $299,495 and $0.

Statement of Financial Position

Statement of Financial Position - Parenthetical - $ / shares	Sep. 30, 2018	Dec. 31, 2017
Statement of Financial Position
Preferred Stock, Par Value	$ 0.0001	$ 0.0001
Preferred Stock, Shares Authorized	10,000	10,000
Preferred Stock, Shares Issued	1,000	1,000
Preferred Stock, Shares Outstanding	1,000	1,000
Common Stock, Par Value	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	499,990,000	499,990,000
Common Stock, Shares Issued	90,067,069	81,448,561
Common Stock, Shares Outstanding	90,067,069	81,448,561

NUTRAFUELS, INC. - Statements o

NUTRAFUELS, INC. - Statements of Operations - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Income Statement
Revenue	$ 1,062,146	$ 652,385	$ 2,870,462	$ 1,029,727
Cost of sales	775,191	334,699	1,503,468	617,958
Gross Profit (Loss)	286,955	317,686	1,366,994	411,769
OPERATING EXPENSES:
Sales, advertising and promotion	139,890	266	178,064	51,151
Officer salaries	87,000	25,000	239,000	221,330
Noncash compensation	183,453	8,493,180	1,167,290	19,134,686
General and administrative expenses	547,956	308,226	1,190,180	815,035
Depreciation expense	10,824	17,622	96,852	50,841
Total operating expenses	969,123	8,844,294	2,871,386	20,273,043
LOSS FROM OPERATIONS	(682,168)	(8,526,608)	(1,504,392)	(19,861,274)
OTHER INCOME (EXPENSE)
Other income	8,928		12,537
Other expense	(10,407)		(10,407)
Gain on settlement of debt				717
Induced debt conversion loss			(18,004)	(3,117,125)
Finance costs	(24,030)		(24,030)
Interest expense	(9,450)	(583)	(9,937)	(224,530)
Total other income (expense)	(34,959)	(583)	(49,841)	(3,340,677)
Net loss before income taxes	(717,127)	(8,527,191)	(1,554,233)	(23,202,212)
Income tax expense
Net loss	$ (717,127)	$ (8,527,191)	$ (1,554,233)	$ (23,202,212)
Net loss per weighted average common share - basic and diluted	$ (0.01)	$ (0.12)	$ (0.02)	$ (0.33)
Number of weighted average common shares outstanding - basic and diluted	88,635,101	73,403,796	85,997,383	70,266,530

NUTRAFUELS, INC. - Statements_2

NUTRAFUELS, INC. - Statements of Changes in Cash Flows - USD ($)	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Cash flows from operating activities:
Net loss	$ (1,554,233)	$ (23,202,212)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Stock compensation	945,309	10,728,315
Amortization of prepaid compensation	221,981	217,524
Depreciation	96,852	50,841
Amortization of debt discount	24,030	531,876
Bad debt	84,183
Loss on stock settlement of accounts payable	18,004
Debt induced conversion expense		3,116,500
Changes in operating assets and liabilities:
(Increase) in accounts receivable	(104,720)	(115,240)
(Increase) in inventory	(267,411)	(165,557)
Decrease (increase) in prepaid expenses	372	(76,976)
Increase (decrease) in accounts payable	236,387	80,146
Increase (decrease) in accrued expenses	215,497	7,904,190
Increase (decrease) in customer deposits	202,832	51,955
Net Cash provided by (used in) Operating Activities	119,083	(878,638)
Cash Flows From Investing Activities:
Purchase of property and equipment	(505,173)	(110,093)
Net Cash used in Investing Activities	(505,173)	(110,093)
Cash Flows From Financing Activities:
Common stock issued for cash	43,332	1,324,500
Proceeds from convertible debt	380,000
Cash proceeds from option exercise		55,000
Repayments of amounts due to related party		(15,500)
Net Cash provided by Financing Activities	423,332	1,364,000
Net change increase in cash and cash equivalents	37,242	375,269
Cash, beginning of period	172,948	12,133
Cash, end of period	210,190	387,402
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest paid in cash	487	2,043
Non-Cash Financing Activities:
Property and equipment purchased with debt	19,179
Shares issued to convert debt and accrued interest		$ 2,403,343
Shares issued for commissions	106,638
Shares issued to acquire fixed assets	569,200
Shares issued to settle accounts payable	49,494
Shares issued for prepaid services	$ 54,750

Note 1 - Nature of Operations

Note 1 - Nature of Operations	9 Months Ended
	Sep. 30, 2018
Notes
Note 1 - Nature of Operations	NOTE 1 - NATURE OF OPERATIONS NutraFuels, Inc. (the “Company”) is the producer and distributor of nutritional supplements that uses micro molecular formulae and a utilization of an oral spray to provide faster and more efficient absorption.

Note 2 - Basis of Presentation

Note 2 - Basis of Presentation and Use of Estimates	9 Months Ended
	Sep. 30, 2018
Notes
Note 2 - Basis of Presentation and Use of Estimates	NOTE 2 - BASIS OF PRESENTATION AND USE OF ESTIMATES a) Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with Generally Accepted Accounting Principles ("GAAP") in the United States of America ("U.S.") as promulgated by the Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") and with the rules and regulations of the U.S Securities and Exchange Commission ("SEC"). In our opinion, the accompanying unaudited condensed consolidated financial statements contain all adjustments (which are of a normal recurring nature) necessary for a fair presentation. Operating results for the nine months ended September 30, 2018 are not necessarily indicative of the results that may be expected for the year ending December 31, 2018. b) Principles of Consolidation The condensed consolidated financial statements include the accounts of the Company and Precision Analytics Testing, LLC (Precision), the Company’s wholly owned subsidiary. c) Use of Estimates The preparation of the condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States 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 condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. d) Cash and Equivalents Cash equivalents are highly liquid investments with an original maturity of three months or less. The Company had no cash equivalents at September 30, 2018 and December 31, 2017. e) Inventories Inventories are stated at cost utilizing the weighted average method of valuation and consist of raw materials and finished goods. f) Allowance for Doubtful Accounts We establish the existence of bad debts through a review of several factors including historical collection experience, current aging status of the customer accounts, and financial condition of our customers. The allowance for doubtful accounts is $59,210 and $0 for periods ended September 30, 2018 and December 31, 2017, respectively. g) Property and Equipment All property and equipment are recorded at cost and depreciated over their estimated useful lives, generally three, seven and twelve years, using the straight-line method. Upon sale or retirement, the cost and related accumulated depreciation are eliminated from their respective accounts, and the resulting gain or loss is included in the results of operations. Repairs and maintenance charges, which do not increase the useful lives of the assets, are charged to operations as incurred. Leasehold improvements are amortized over their estimated useful lives or the remaining term of the lease, whichever is shorter. h) Impairment of Long Lived Assets A long lived asset is tested for impairment whenever events or changes in circumstances indicate that its carrying value amount may not be recoverable. An impairment loss is recognized when the carrying amount of the asset exceeds the sum of the undiscounted cash flows resulting from its use and eventual disposition. The impairment loss is measured as the amount by which the carrying amount of the long lived assets exceeds its fair value. Impairment charges would be included with costs and expenses in the Company's condensed consolidated statements of operations, and would result in reduced carrying amounts of the related assets on the Company's condensed consolidated balance sheets. No adjustments were made to long-lived assets during the period ended September 30, 2018, as a result of management's assessments. i) Advertising Advertising costs are charged to operations as incurred and are included in operating expenses. The amounts charged for the three month period ended September 30, 2018 and 2017 amounted to $139,800 and $266, respectively. The amounts charged for the nine month period ended September 30, 2018 and 2017 amounted to $178,064 and $51,151 respectively. j) Revenue Recognition In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Codification (ASC) 606, Revenue From Contracts With Customers, effective for public business entities with annual reporting periods beginning after December 15, 2017. This new revenue recognition standard (new guidance) has a five step process: a) Determine whether a contract exists; b) Identify the performance obligations; c) Determine the transaction price; d) Allocate the transaction price; and e) Recognize revenue when (or as) performance obligations are satisfied. The impact of the Company’s initial application of ASC 606 did not have a material impact on its financial statements and disclosures. The Company’s condensed consolidated financial statements are prepared under the accrual method of accounting. Revenues are recognized when persuasive evidence of an arrangement exists, services have been rendered, the sales price is fixed or determinable, and collectability is reasonably assured. This occurs only when the product is ordered and subsequently shipped. k) Income Taxes The Company follows the provisions of ASC 740 10, Accounting for Uncertain Income Tax Positions. When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. In accordance with the guidance of ASC 740 10, the benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more likely than not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above should be reflected as a liability for unrecognized tax benefits in the accompanying consolidated balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. The Company has no amounts accrued for interest or penalties as of September 30, 2018 and December 31, 2017, respectively. The Company is no longer subject to examination by taxing authorities for years before December 31, 2014. The company does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. The Company has received no notice of audit or any notifications from the IRS for any of the open tax years. l) Net Loss Per Share Basic loss per share excludes dilution and is computed by dividing the loss attributable to stockholders by the weighted-average number of shares outstanding for the period. Diluted loss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that shared in the earnings of the Company. Diluted loss per share is computed by dividing the loss available to stockholders by the weighted average number of shares outstanding for the period and dilutive potential shares outstanding unless consideration of such dilutive potential shares would result in anti-dilution. m) Financial Instruments and Fair Value Measurements The carrying value of the Company’s current consolidated financial instruments, which include cash and cash equivalents, accounts payable and accrued liabilities approximates their fair values because of the short term maturities of these instruments. FASB ASC 820 Fair Value Measurement clarifies that fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. It also requires disclosure about how fair value is determined for assets and liabilities and establishes a hierarchy for which these assets and liabilities must be grouped, based on significant levels of inputs as follows: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the Company has the ability to access as of the measurement date. Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect the Company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. The determination of where assets and liabilities fall within this hierarchy is based upon the lowest level of input that is significant to the fair value measurement. o) Related Party Transactions All transactions with related parties are in the normal course of operations and are measured at the exchange amount. n) Recent Accounting Pronouncements In February 2016, the FASB issued ASU 2016 02, Leases which, for operating leases, requires a lessee to recognize a right of use asset and a lease liability, initially measured at the present value of the lease payments, in its balance sheet. The standard also requires a lessee to recognize a single lease cost, calculated so that the cost of the lease is allocated over the lease term, on a generally straight line basis. The ASU is effective for public companies for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. The adoption of ASU 2016 02 is expected to result in the recognition of right to use assets and associated obligations on its balance sheet.

Note 3 - Liquidity and Going Co

Note 3 - Liquidity and Going Concern Considerations	9 Months Ended
	Sep. 30, 2018
Notes
Note 3 - Liquidity and Going Concern Considerations	NOTE 3 - LIQUIDITY AND GOING CONCERN CONSIDERATIONS Our consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. We sustained a net loss of approximately $1,554,000 for the nine months ended September 30, 2018, and have an accumulated deficit of approximately $34,313,000 at September 30, 2018. These conditions raise substantial doubt about our ability to continue as a going concern. The independent auditors’ report on our consolidated financial statements for the year ended December 31, 2017 contain explanatory paragraphs expressing substantial doubt as to our ability to continue as a going concern. Failure to successfully continue to grow operational revenues could harm our profitability and adversely affect our financial condition and results of operations. We face all of the risks inherent in a new business, including the need for significant additional capital, management’s potential underestimation of initial and ongoing costs, and potential delays and other problems in connection with establishing sales channels. We are continuing our plan to further grow and expand operations and seek sources of capital to pay our contractual obligations as they come due. Management believes that its current operating strategy will provide the opportunity for us to continue as a going concern as long as we are able to obtain additional financing; however, there is no assurance this will occur. The accompanying consolidated financial statements do not include any adjustments that might be necessary if we are unable to continue as a going concern.

Note 4 - Convertible Note

Note 4 - Convertible Note	9 Months Ended
	Sep. 30, 2018
Notes
Note 4 - Convertible Note	NOTE 4 - CONVERTIBLE NOTE In January 2017, the Company issued 6,762,942 shares of common stock to convert $1,561,593 of convertible debt and accrued interest. On July 31, 2018, the Company entered into a convertible promissory note facility with a third party lender for total proceeds of $2,000,000. The convertible promissory note calls for six funding installments from July 31, 2018 through January 15, 2019. The convertible promissory note bears interest at 10% and has a maturity date of July 31, 2020. In July 2018, the Company received the first installment of $250,000 of the convertible promissory note, at which time the Company issued 2,000,000 shares of common stock valued at $190,476 and 625,000 warrants to purchase common stock valued at $59,523. The convertible promissory note is convertible into shares of the Company at a price of $.40 per share. The terms of the conversion does not give rise to a beneficial conversion feature. The total debt discount from the embedded features amounted to $250,000. Amortization of the debt discount in connection with the first installment amounted to $20,833 for the period ended September 30, 2018. In August 2018, the Company received the second installment of $130,000 of the convertible promissory note, at which time the Company issued 325,000 warrants to purchase common stock valued at $54,638. The convertible promissory note is convertible into shares of the Company at a value of $.40 per share. The terms of the conversion gives rise to a beneficial conversion feature resulting in a fair value of $18,888. The total debt discount from the embedded features amounted to $73,525. Amortization of the debt discount in connection with the second installment amounted to $3,197 for the period ended September 30, 2018. The following is a schedule of future minimum payments for all debt held due in years subsequent to September 30, 2018 (excluding debt discount): Fiscal Year Ending December 31 2018 $ - 2019 - 2020 380,000 Thereafter - Total $ 380,000

Note 5 - Notes Payable - Relate

Note 5 - Notes Payable - Related Party	9 Months Ended
	Sep. 30, 2018
Notes
Note 5 - Notes Payable - Related Party	NOTE 5 - NOTES PAYABLE - RELATED PARTY In January 2017, the Company issued 3,367,000 shares of common stock to convert $841,750 of debt and accrued interest to a related party. During the first quarter 2017, we paid $5,850 in cash to a related party in settlement of a short-term non-interest-bearing advance.

Note 6 - Stockholders' Equity

Note 6 - Stockholders' Equity	9 Months Ended
	Sep. 30, 2018
Notes
Note 6 - Stockholders' Equity	NOTE 6 - STOCKHOLDERS’ EQUITY Stock Activity At September 30, 2018 and December 31, 2017, the Company has 499,990,000 shares of $0.0001 par value common stock authorized and 90,067,069 and 81,448,561 issued and outstanding, respectively. In January 2018, the Company issued 900,000 shares of common stock valued at $203,351 for services. In January 2018, the Company issued 100,000 shares of common stock valued at $47,618 for past services. In February 2018, the Company issued 169,159 shares of common stock to settle accounts payable of $31,490. The Company recorded a loss on settlement of $18,004 in connection with this settlement. In February 2018, the Company issued 500,000 shares of common stock valued at $140,000 for services. In February 2018, the Company issued 2,000,000 shares of common stock valued at $569,200 for the acquisition of production equipment. In April 2018, the Company issued 449,300 shares of common stock valued at $100,218 for current and on-going services. In June 2018, the Company issued 1,200,000 shares of common stock valued at $240,000 for services. In July 2018, the Company issued 437,500 shares of common stock valued at $70,000 for services. In July 2018, the Company issued 2,000,000 shares of common stock and 625,000 warrants to purchase common stock in exchange for a $250,000 convertible note payable (see Note 4). In August 2018, the Company issued 260,000 shares of common stock in exchange for $43,332 in cash. In August 2018, the Company issued 325,000 warrants to purchase common stock in exchange for a $130,000 convertible note payable (see Note 4). In September 2018, the Company issued 602,549 shares of common stock valued at $124,238 for services. Options and Warrants Our warrants and options outstanding are: By Exercise Price: September 30, 2018 December 31, 2017 Warrants - $0.20 950,000 - Warrants - $0.35 2,750,000 2,750,000 Warrants - $0.50 7,125,000 14,342,000 Warrants - $0.75 114,286 114,286 Warrants - $1.00 124,999 124,999 Total outstanding 11,064,285 17,331,285

Note 7 - Commitments and Contin

Note 7 - Commitments and Contingencies	9 Months Ended
	Sep. 30, 2018
Notes
Note 7 - Commitments and Contingencies	NOTE 7 - COMMITMENTS AND CONTINGENCIES Operating Leases The Company leases their office and warehouse facilities located in in Coconut Creek, Florida under a non-cancelable operating lease agreement with an expiration date of February 2019. In June 2017, the Company entered into a lease for an additional facility located in Deerfield Beach, Florida under a non-cancelable operating lease. The term of the lease is for 84 months and calls for yearly 3% increases to base rent, with monthly payments which commenced in January 2018. Capital Leases During August 2018, the Company entered into a non-cancelable lease agreement for warehouse equipment with a third party vendor which calls for monthly payments of $320 and expires in August 2023. The lease agreement is collateralized by the respective equipment. The following is a schedule of future minimum lease payments under all leases due in periods subsequent to September 30, 2018: Fiscal Year Ending December 2018 (3 Months) $ 54,622 2019 176,576 2020 172,146 2021 177,195 2022 182,396 Thereafter 408,747 Total $ 1,171,682 The Company's rental expense for all facilities and equipment amounted to $ 145,804 and $ 19,717 for the three month period ended September 30, 2018 and 2017, respectively. The amounts charged for the nine month period ended September 30, 2018 and 2017 amounted to $ 185,319 and $ 58,273 respectively. Legal Proceedings From time to time, the Company is subject to legal proceedings which arise in the ordinary course of the Company's business. Although there can be no assurance as to the ultimate disposition of these matters, the Company's management believes that the final disposition of such matters will not have a material adverse effect on the financial position or results of operations of the Company. Consulting Agreements On July 25, 2018, the Company signed a partnership and agency sales agreement (NFSKIN Agreement) with a third party entity (Revenue Sharing Partner). The agreement provides the Revenue Sharing Partner with a non-exclusive right to sell certain Company products (Protected Accounts) through their worldwide network. The Company is obligated to pay commissions to the Revenue Sharing Partner on sales made of those Protected Accounts. The NFSKIN Agreement was given an effective date of January 1, 2017, as a result, a calculation for the commissions owed to the Revenue Sharing Partner was calculated from January 1, 2017 through June 30, 2018. On September 10, 2018, the Company issued shares with value of $106,638 to compensate for the amounts owed from the period from January 1, 2018 through June 30, 2018. The stock liability owed to the Revenue Sharing Partner for the three month period ended September 30, 2018, amounted to $25,637. Employment Agreements On July 1, 2018, the Company entered into a three year employment agreement which in addition to the base salary, called for the issuance of 250,000 shares to the employee upon execution of the agreement. As of September 30, 2018, the shares had not been issued resulting in a stock liability owed to the employee in the amount of $49,000.

Note 8 - Concentrations of Cred

Note 8 - Concentrations of Credit Risk	9 Months Ended
	Sep. 30, 2018
Notes
Note 8 - Concentrations of Credit Risk	NOTE 8 - CONCENTRATIONS OF CREDIT RISK Cash and Cash Equivalents The Company maintains its cash in bank deposit accounts with high credit quality financial institutions, which may, at times, exceed federally insured limits. The Company had no cash balance in excess of FDIC insured limits at September 30, 2018 or December 31, 2017. Revenue The Company’s principal customers are comprised of 5 separate independent private label resellers. Should the Company lose one or more of these resellers, their revenue would decline significantly.

Note 9 - Subsequent Events

Note 9 - Subsequent Events	9 Months Ended
	Sep. 30, 2018
Notes
Note 9 - Subsequent Events	NOTE 9 - SUBSEQUENT EVENTS On October, 11, 2018, the Company issued 437,500 shares of common stock valued at $80,938 to employees of the Company as part of their compensation. On October, 11, 2018, the Company issued 100,000 shares of common stock valued at $18,500 to consultants of the Company as part of their payment for services.

Note 2 - Basis of Presentatio_2

Note 2 - Basis of Presentation and Use of Estimates: A) Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2018
Policies
A) Basis of Presentation	a) Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with Generally Accepted Accounting Principles ("GAAP") in the United States of America ("U.S.") as promulgated by the Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") and with the rules and regulations of the U.S Securities and Exchange Commission ("SEC"). In our opinion, the accompanying unaudited condensed consolidated financial statements contain all adjustments (which are of a normal recurring nature) necessary for a fair presentation. Operating results for the nine months ended September 30, 2018 are not necessarily indicative of the results that may be expected for the year ending December 31, 2018.

Note 2 - Basis of Presentatio_3

Note 2 - Basis of Presentation and Use of Estimates: B) Principles of Combination (Policies)	9 Months Ended
	Sep. 30, 2018
Policies
B) Principles of Combination	b) Principles of Consolidation The condensed consolidated financial statements include the accounts of the Company and Precision Analytics Testing, LLC (Precision), the Company’s wholly owned subsidiary.

Note 2 - Basis of Presentatio_4

Note 2 - Basis of Presentation and Use of Estimates: C) Use of Estimates (Policies)	9 Months Ended
	Sep. 30, 2018
Policies
C) Use of Estimates	c) Use of Estimates The preparation of the condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States 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 condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates.

Note 2 - Basis of Presentatio_5

Note 2 - Basis of Presentation and Use of Estimates: D) Cash and Equivalents (Policies)	9 Months Ended
	Sep. 30, 2018
Policies
D) Cash and Equivalents	d) Cash and Equivalents Cash equivalents are highly liquid investments with an original maturity of three months or less. The Company had no cash equivalents at September 30, 2018 and December 31, 2017.

Note 2 - Basis of Presentatio_6

Note 2 - Basis of Presentation and Use of Estimates: E) Inventories (Policies)	9 Months Ended
	Sep. 30, 2018
Policies
E) Inventories	e) Inventories Inventories are stated at cost utilizing the weighted average method of valuation and consist of raw materials and finished goods.

Note 2 - Basis of Presentatio_7

Note 2 - Basis of Presentation and Use of Estimates: F) Allowance For Doubtful Accounts (Policies)	9 Months Ended
	Sep. 30, 2018
Policies
F) Allowance For Doubtful Accounts	f) Allowance for Doubtful Accounts We establish the existence of bad debts through a review of several factors including historical collection experience, current aging status of the customer accounts, and financial condition of our customers. The allowance for doubtful accounts is $59,210 and $0 for periods ended September 30, 2018 and December 31, 2017, respectively.

Note 2 - Basis of Presentatio_8

Note 2 - Basis of Presentation and Use of Estimates: G) Property and Equipment (Policies)	9 Months Ended
	Sep. 30, 2018
Policies
G) Property and Equipment	g) Property and Equipment All property and equipment are recorded at cost and depreciated over their estimated useful lives, generally three, seven and twelve years, using the straight-line method. Upon sale or retirement, the cost and related accumulated depreciation are eliminated from their respective accounts, and the resulting gain or loss is included in the results of operations. Repairs and maintenance charges, which do not increase the useful lives of the assets, are charged to operations as incurred. Leasehold improvements are amortized over their estimated useful lives or the remaining term of the lease, whichever is shorter.

Note 2 - Basis of Presentatio_9

Note 2 - Basis of Presentation and Use of Estimates: H) Impairment of Long lived Assets (Policies)	9 Months Ended
	Sep. 30, 2018
Policies
H) Impairment of Long lived Assets	h) Impairment of Long Lived Assets A long lived asset is tested for impairment whenever events or changes in circumstances indicate that its carrying value amount may not be recoverable. An impairment loss is recognized when the carrying amount of the asset exceeds the sum of the undiscounted cash flows resulting from its use and eventual disposition. The impairment loss is measured as the amount by which the carrying amount of the long lived assets exceeds its fair value. Impairment charges would be included with costs and expenses in the Company's condensed consolidated statements of operations, and would result in reduced carrying amounts of the related assets on the Company's condensed consolidated balance sheets. No adjustments were made to long-lived assets during the period ended September 30, 2018, as a result of management's assessments.

Note 2 - Basis of Presentati_10

Note 2 - Basis of Presentation and Use of Estimates: I) Advertising (Policies)	9 Months Ended
	Sep. 30, 2018
Policies
I) Advertising	i) Advertising Advertising costs are charged to operations as incurred and are included in operating expenses. The amounts charged for the three month period ended September 30, 2018 and 2017 amounted to $139,800 and $266, respectively. The amounts charged for the nine month period ended September 30, 2018 and 2017 amounted to $178,064 and $51,151 respectively.

Note 2 - Basis of Presentati_11

Note 2 - Basis of Presentation and Use of Estimates: J) Revenue Recognition (Policies)	9 Months Ended
	Sep. 30, 2018
Policies
J) Revenue Recognition	j) Revenue Recognition In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Codification (ASC) 606, Revenue From Contracts With Customers, effective for public business entities with annual reporting periods beginning after December 15, 2017. This new revenue recognition standard (new guidance) has a five step process: a) Determine whether a contract exists; b) Identify the performance obligations; c) Determine the transaction price; d) Allocate the transaction price; and e) Recognize revenue when (or as) performance obligations are satisfied. The impact of the Company’s initial application of ASC 606 did not have a material impact on its financial statements and disclosures. The Company’s condensed consolidated financial statements are prepared under the accrual method of accounting. Revenues are recognized when persuasive evidence of an arrangement exists, services have been rendered, the sales price is fixed or determinable, and collectability is reasonably assured. This occurs only when the product is ordered and subsequently shipped.

Note 2 - Basis of Presentati_12

Note 2 - Basis of Presentation and Use of Estimates: K) Income Taxes (Policies)	9 Months Ended
	Sep. 30, 2018
Policies
K) Income Taxes	k) Income Taxes The Company follows the provisions of ASC 740 10, Accounting for Uncertain Income Tax Positions. When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. In accordance with the guidance of ASC 740 10, the benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more likely than not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above should be reflected as a liability for unrecognized tax benefits in the accompanying consolidated balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. The Company has no amounts accrued for interest or penalties as of September 30, 2018 and December 31, 2017, respectively. The Company is no longer subject to examination by taxing authorities for years before December 31, 2014. The company does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. The Company has received no notice of audit or any notifications from the IRS for any of the open tax years.

Note 2 - Basis of Presentati_13

Note 2 - Basis of Presentation and Use of Estimates: L) Net Loss Per Share (Policies)	9 Months Ended
	Sep. 30, 2018
Policies
L) Net Loss Per Share	l) Net Loss Per Share Basic loss per share excludes dilution and is computed by dividing the loss attributable to stockholders by the weighted-average number of shares outstanding for the period. Diluted loss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that shared in the earnings of the Company. Diluted loss per share is computed by dividing the loss available to stockholders by the weighted average number of shares outstanding for the period and dilutive potential shares outstanding unless consideration of such dilutive potential shares would result in anti-dilution.

Note 2 - Basis of Presentati_14

Note 2 - Basis of Presentation and Use of Estimates: M) Financial Instruments and Fair Value Measurements (Policies)	9 Months Ended
	Sep. 30, 2018
Policies
M) Financial Instruments and Fair Value Measurements	m) Financial Instruments and Fair Value Measurements The carrying value of the Company’s current consolidated financial instruments, which include cash and cash equivalents, accounts payable and accrued liabilities approximates their fair values because of the short term maturities of these instruments. FASB ASC 820 Fair Value Measurement clarifies that fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. It also requires disclosure about how fair value is determined for assets and liabilities and establishes a hierarchy for which these assets and liabilities must be grouped, based on significant levels of inputs as follows: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the Company has the ability to access as of the measurement date. Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect the Company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. The determination of where assets and liabilities fall within this hierarchy is based upon the lowest level of input that is significant to the fair value measurement.

Note 2 - Basis of Presentati_15

Note 2 - Basis of Presentation and Use of Estimates: O) Related Party Transactions (Policies)	9 Months Ended
	Sep. 30, 2018
Policies
O) Related Party Transactions	o) Related Party Transactions All transactions with related parties are in the normal course of operations and are measured at the exchange amount.

Note 2 - Basis of Presentati_16

Note 2 - Basis of Presentation and Use of Estimates: N) Recent Accounting Pronouncements (Policies)	9 Months Ended
	Sep. 30, 2018
Policies
N) Recent Accounting Pronouncements	n) Recent Accounting Pronouncements In February 2016, the FASB issued ASU 2016 02, Leases which, for operating leases, requires a lessee to recognize a right of use asset and a lease liability, initially measured at the present value of the lease payments, in its balance sheet. The standard also requires a lessee to recognize a single lease cost, calculated so that the cost of the lease is allocated over the lease term, on a generally straight line basis. The ASU is effective for public companies for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. The adoption of ASU 2016 02 is expected to result in the recognition of right to use assets and associated obligations on its balance sheet.

Note 4 - Convertible Note_ Conv

Note 4 - Convertible Note: Convertible Promissory Note Schedule (Tables)	9 Months Ended
	Sep. 30, 2018
Tables/Schedules
Convertible Promissory Note Schedule	Fiscal Year Ending December 31 2018 $ - 2019 - 2020 380,000 Thereafter - Total $ 380,000

Note 6 - Stockholders' Equity_

Note 6 - Stockholders' Equity: Share-based Compensation, Stock Options, Activity (Tables)	9 Months Ended
	Sep. 30, 2018
Tables/Schedules
Share-based Compensation, Stock Options, Activity	By Exercise Price: September 30, 2018 December 31, 2017 Warrants - $0.20 950,000 - Warrants - $0.35 2,750,000 2,750,000 Warrants - $0.50 7,125,000 14,342,000 Warrants - $0.75 114,286 114,286 Warrants - $1.00 124,999 124,999 Total outstanding 11,064,285 17,331,285

Note 7 - Commitments and Cont_2

Note 7 - Commitments and Contingencies: Schedule of Future Minimum Rental Payments for Operating Leases (Tables)	9 Months Ended
	Sep. 30, 2018
Tables/Schedules
Schedule of Future Minimum Rental Payments for Operating Leases	Fiscal Year Ending December 2018 (3 Months) $ 54,622 2019 176,576 2020 172,146 2021 177,195 2022 182,396 Thereafter 408,747 Total $ 1,171,682

Note 4 - Convertible Note (Deta

Note 4 - Convertible Note (Details) - USD ($)	Jul. 31, 2018	Aug. 31, 2018	Jan. 31, 2017
Details
Stock Issued for Conversion of Debt			6,762,942
convertible promissory note	$ 2,000,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	10.00%
convertible promissory note first installment	$ 250,000
convertible promissory note second installment		$ 130,000

Note 4 - Convertible Note_ Co_2

Note 4 - Convertible Note: Convertible Promissory Note Schedule (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2018
Details
Convertible Promissory Note Future Minimum Payments Due In One Year		$ 380,000
Convertible Promissory Note Future Minimum Payments Due In Three Years	$ 380,000

Note 5 - Notes Payable - Rela_2

Note 5 - Notes Payable - Related Party (Details)	1 Months Ended
	Jan. 31, 2017USD ($)shares
Details
Debt Conversion, Converted Instrument, Shares Issued | shares	3,367,000
Debt Conversion, Original Debt, Amount | $	$ 841,750

Note 6 - Stockholders' Equity (

Note 6 - Stockholders' Equity (Details) - USD ($)	1 Months Ended
	Sep. 30, 2018	Aug. 31, 2018	Jul. 31, 2018	Jun. 30, 2018	Apr. 30, 2018	Feb. 28, 2018	Jan. 31, 2018	Dec. 31, 2017
Details
Common Stock, Shares Authorized	499,990,000							499,990,000
Common Stock, Par Value	$ 0.0001							$ 0.0001
Common Stock, Shares Issued	90,067,069							81,448,561
Stock Issued During Period, Shares, Issued for Services	602,549	260,000	437,500	1,200,000	449,300	500,000	900,000
Stock Issued During Period, Value, Issued for Services	$ 124,238	$ 43,332	$ 70,000	$ 240,000	$ 100,218	$ 140,000	$ 203,351
Stock Issued During Period Shares Issued For Past Services							100,000
Stock Issued During Period Value Issued For Past Services							$ 47,618
Stock Issued to Settle Accounts Payable						169,159
Stock Issued to Settle Accounts Payable, Value						$ 31,490
Stock Issued for the Acquisition of Production Equipment						2,000,000
Stock Issued for the Acquisition of Production Equipment, Value						$ 569,200
Stock Issued to Convertible Note Payable		325,000	2,000,000
Stock Issued to Convertible Note Payable, Value		$ 130,000	$ 250,000

Note 6 - Stockholders' Equity_2

Note 6 - Stockholders' Equity: Share-based Compensation, Stock Options, Activity (Details) - shares	Sep. 30, 2018	Dec. 31, 2017
$0.20
Class of Warrant or Right, Outstanding	950,000
$0.35
Class of Warrant or Right, Outstanding	2,750,000	2,750,000
$0.50
Class of Warrant or Right, Outstanding	7,125,000	14,342,000
$0.75
Class of Warrant or Right, Outstanding	114,286	114,286
$1.00
Class of Warrant or Right, Outstanding	124,999	124,999
Total Outstanding
Class of Warrant or Right, Outstanding	11,064,285	17,331,285

Note 7 - Commitments and Cont_3

Note 7 - Commitments and Contingencies: Schedule of Future Minimum Rental Payments for Operating Leases (Details) - USD ($)	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Details
Operating Leases, Future Minimum Payments, Next Rolling Twelve Months							$ 54,622
Operating Leases, Future Minimum Payments, Due in Two Years						$ 176,576
Operating Leases, Future Minimum Payments, Due in Three Years					$ 172,146
Operating Leases, Future Minimum Payments, Due in Four Years				$ 177,195
Operating Leases, Future Minimum Payments, Due in Five Years			$ 182,396
Operating Leases, Future Minimum Payments, Due Thereafter		$ 408,747
Operating Leases, Future Minimum Payments Due	$ 1,171,682

Note 7 - Commitments and Cont_4

Note 7 - Commitments and Contingencies (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Details
Operating Leases, Rent Expense	$ 145,804	$ 19,717	$ 185,319	$ 58,273