Blackboxstocks (BLBX) 10-Q 19 Aug 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Aug. 19, 2019
Document And Entity Information
Entity Registrant Name	BLACKBOXSTOCKS INC.
Entity Central Index Key	0001567900
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
Is Entity Emerging Growth Company?	true
Elected Not To Use the Extended Transition Period	false
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Common Stock, Shares Outstanding		7,715,551
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2019

Balance Sheets (Unaudited)

Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Current assets:
Cash	$ 91,782	$ 28,001
Accounts receivable, net of allowance for doubtful accounts of $68,589 at June 30, 2019 and December 31, 2018, respectively	8,976	3,719
Advances receivable, related parties (Note 5)	10,808
Prepaid expenses	107,646	107,646
Prepaid expenses, related party (Note 5)	36,700	36,700
Total current assets	255,912	176,066
Property and equipment:
Office, computer and related equipment, net of depreciation of $34,181 and $28,802 at June 30, 2019 and December 31, 2018, respectively	14,971	18,763
Domain name, net of amortization of $6,686 and $3,821 at June 30, 2019 and December 31, 2018, respectively	10,506	13,371
Software development, net of amortization of $9,000 and $7,312 at June 30, 2019 and December 31, 2018, respectively		1,688
Right of use lease, net of amortization of $18,613 at June 30, 2019	141,460
Total property and equipment	166,937	33,822
Total Assets	422,849	209,888
Current liabilities:
Accounts payable	574,343	525,136
Accrued expenses	128,000	128,000
Accrued interest	10,289	834
Accrued interest, related party	9,320	2,080
Unearned subscriptions	80,698	90,034
Lease liability right of use, current	44,664
Other liabilities	180,000	180,000
Advances, related party (Note 5)	25,000	36,382
Convertible notes payable, net of discount of $253,350 as of June 30, 2019 (Note 8)	131,650
Notes payable, net of note discount of $17,125 and $25,435 at June 30, 2019 and December 31, 2018, respectively (Note 6)	148,915	165,889
Notes payable, related party (Note 7)	228,000	228,000
Total current liabilities	1,560,879	1,356,355
Lease liability right of use, long term	96,796
Stockholders' Deficit:
Preferred stock, $0.001 par value, 5,000,000 shares authorized; no shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively
Series A Convertible Preferred Stock, $0.001 par value, 5,000,000 shares authorized; 5,000,000 issued and outstanding at June 30, 2019 and December 31, 2018, respectively	5,000	5,000
Common stock, $0.001 par value, 100,000,000 shares authorized: 7,715,551 and 7,677,667 issued and outstanding at June 30, 2019 and December 31, 2018, respectively	$ 7,716	$ 7,678
Common stock, subscribed	306,257	144,060
Additional paid in capital	$ 2,940,952	$ 2,543,264
Accumulated deficit	(4,494,751)	(3,846,469)
Total Stockholders' Deficit	(1,234,826)	(1,146,467)
Total Liabilities and Stockholders' Deficit	$ 422,849	$ 209,888

Balance Sheets (Unaudited) (Par

Balance Sheets (Unaudited) (Parenthetical) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Net of allowance of doubtful accounts	$ 68,589	$ 68,589
Accumulated depreciation office equipment	34,181	28,802
Accumulated domain name amortization	6,686	3,821
Accumulated software amortization	9,000	7,312
Right of use lease	18,613
Convertible notes discount	253,350
Note discount	$ 17,125	$ 25,435
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	7,715,551	7,715,551
Common stock, shares outstanding	7,677,667	7,677,667
Preferred Stock
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Series A Preferred Stock
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	5,000,000	5,000,000
Preferred stock, shares outstanding	5,000,000	5,000,000

Statements of Operations (Unaud

Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenue:
Subscriptions	$ 245,613	$ 147,375	$ 465,612	$ 290,670
Other revenues	8,195		14,545
Total revenues	253,808	147,375	480,157	290,670
Cost of operations	169,008	150,738	330,326	318,013
Gross margin	84,800	(3,363)	149,831	(27,343)
Expenses:
Software development costs	53,371	30,224	75,349	14,800
General and administrative	357,867	197,303	585,752	382,303
Depreciation and amortization	4,699	5,271	9,932	9,510
Total operating expenses	415,937	232,798	671,033	406,613
Operating loss	(331,137)	(236,161)	(521,202)	(433,956)
Interest expense	38,267	7,794	56,705	12,541
Other expense		21		21
Amortization of debt discount	70,375		70,375
Loss before income taxes	(439,779)	(243,976)	(648,282)	(446,518)
Income taxes
Net loss	$ (439,779)	$ (243,976)	$ (648,282)	$ (446,518)
Weighted average number of common shares outstanding - basic	7,709,067	7,667,047	7,657,651	7,667,047
Net loss per share - basic	$ (0.06)	$ (0.03)	$ (0.08)	$ (0.06)

Shareholders Equity (Unaudited)

Shareholders Equity (Unaudited) - USD ($)	Series A Preferred Stock	Preferred Stock	Common Stock	Common Stock Subscribed	Additional Paid-In Capital	Retained Earnings / Accumulated Deficit	Total
Beginning balance, shares at Dec. 31, 2017	5,000,000		7,667,047
Beginning balance, value at Dec. 31, 2017	$ 5,000		$ 7,667		$ 2,510,275	$ (2,694,587)	$ (171,645)
Net loss						(446,518)	(446,518)
Ending balance, shares at Jun. 30, 2018	5,000,000		7,667,047
Ending balance, value at Jun. 30, 2018	$ 5,000		$ 7,667		2,510,275	(3,141,105)	(618,163)
Beginning balance, shares at Dec. 31, 2017	5,000,000		7,667,047
Beginning balance, value at Dec. 31, 2017	$ 5,000		$ 7,667		2,510,275	(2,694,587)	$ (171,645)
Issuance of shares in exchange for cash, shares							33,000
Issuance of shares in exchange for cash, value							$ 33,000
Ending balance, shares at Dec. 31, 2018	5,000,000		7,678,047
Ending balance, value at Dec. 31, 2018	$ 5,000		$ 7,678	144,060		(3,846,469)	$ (1,146,467)
Issuance of shares in exchange for cash, shares			37,504				30,833
Issuance of shares in exchange for cash, value			$ 38	$ (99,000)	$ 108,962		$ 92,500
Common stock share, subscribed				261,197			261,197
Imputed discount on convertible notes payable (Note 8)					$ 288,726		$ 288,726
Net loss						(648,282)	(648,282)
Ending balance, shares at Jun. 30, 2019	5,000,000		7,715,551
Ending balance, value at Jun. 30, 2019	$ 5,000		$ 7,716	$ 306,257	$ 2,940,952	$ (4,494,751)	$ (1,234,826)

Statements of Cash Flows (Unaud

Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash flows from operating activities
Net loss	$ (648,282)	$ (446,518)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization expense	9,932	9,510
Amortization of note discount	104,529	11,601
Financing cost	26,275
Changes in operating assets and liabilities:
Accounts receivable	(5,257)	1,992
Prepaid expenses		6,349
Accounts payable	49,207	74,274
Accrued salary		3,921
Accrued interest	9,455
Accrued interest, related party	7,240
Unearned subscriptions	(9,336)	19,018
Unearned revenue		260,000
Other liabilities		35,081
Net cash used in operating activities	(456,237)	(24,772)
Cash flows from investing activities
Purchases of property and equipment	(1,587)	(19,977)
Net cash used in investing activities	$ (1,587)	$ (19,977)
Cash flows from financing activities
Common stock issued for cash	10,000
Common stock subscribed	261,197
Proceeds from notes payable	$ 107,755	$ 48,015
Proceeds from convertible notes payable	323,726
Repayment of notes payable	(158,883)	(34,265)
Cash advances from related parties	67,642	108,000
Cash repayments to related parties	(89,832)	(61,223)
Net cash provided by financing activities	521,605	60,527
Net increase in cash	63,781	15,778
Cash - beginning of period	28,001	8,155
Cash - end of period	91,782	23,933
Supplemental disclosure - Non-cash investing and financing activities:
Acquisition of equipment in exchange for note payable		8,309
Discount on notes payable	25,845
Lease, right of use and liability	160,073
Discount on convertible notes payable	$ 323,725

1. Organization

1. Organization	6 Months Ended
	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	1. Organization Blackboxstocks Inc. (the “Company”) was incorporated on October 4, 2011 under the laws of the State of Nevada under the name SMSA Ballinger Acquisition Corp. to effect the reincorporation of Senior Management Services of Heritage Oaks at Ballinger, Inc., a Texas corporation, mandated by a Plan of Reorganization confirmed by the United States Bankruptcy Court for the Northern District of Texas for reorganization under Chapter 11 of the United States Bankruptcy Code. On December 1, 2015, the Company entered into a Share Exchange Agreement (“Exchange Agreement”), by and among the Company, Tiger Trade Technologies, Inc. (“Tiger Trade”), a Texas corporation and the stockholders of Tiger Trade. As a result of the Exchange Agreement transaction, the Tiger Trade stockholders acquired approximately 88.64% of the issued and outstanding capital stock of the Company, and Tiger Trade became a wholly owned subsidiary of the Company. On February 8, 2016, the Company entered into an Agreement and Plan of Merger (“Merger Agreement”) with Tiger Trade, providing for the merger of Tiger Trade with and into the Company. At the effective time of the merger (February 9, 2016), the shares of Tiger Trade capital stock outstanding immediately before the effective time were canceled, retired and the Tiger Trade corporate entity ceased to exist. The Company filed a Certificate of Amendment to its Articles of Incorporation effective as of March 9, 2016, changing the name of the Company to Blackboxstocks Inc. The Company is in the business of developing and marketing web and mobile based analytical software tools as a subscription based software as a service (the “Blackbox System”) to serve as a tool for day traders and swing traders on various securities exchanges and markets, including the OTC Markets Group, Inc. (“OTC”), the New York Stock Exchange, the NYSE MKT, LLC (formerly the American Stock Exchange), the NASDAQ markets, the Hong Kong Stock Exchange (“HKEX”), the Shanghai Stock Exchange (“SSE”) and the Shenzhen Stock Exchange (“SZSE”). The accompanying financial statements have been prepared in conformity with generally accepted accounting principles in the United States of America (“GAAP”), which contemplate continuation of the Company as a going concern, which is dependent upon the Company's ability to obtain sufficient financing or establish itself as a profitable business. At June 30, 2019, the Company had an accumulated deficit of $4,494,751 and for the six months ended June 30, 2019 and 2018, the Company incurred net losses of $648,282 and $446,518, respectively. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plans with respect to operations include the sustained and aggressive marketing of subscriptions for the Blackbox System both domestically and abroad and raising additional capital through sales of equity or debt securities as may be necessary to pursue its business plans and sustain operations until such time as the Company can achieve profitability. Management believes that aggressive marketing combined with additional financing as necessary will result in improved operations and cash flow in 2019 and beyond. However, there can be no assurance that management will be successful in obtaining additional funding or in attaining profitable operations. The financial statements do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should the Company be unable to continue in operation.

2. Summary of Significant Accou

2. Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies The accompanying interim unaudited financial statements and footnotes of Blackboxstocks Inc. have been prepared in accordance with GAAP. The financial statements reflect all adjustments that are, in the opinion of management, necessary to fairly present such information. All such adjustments are of a normal recurring nature. Although the Company believes that the disclosures are adequate to make the information presented not misleading, certain information and footnote disclosures, including a description of significant accounting policies normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. These financial statements should be read in conjunction with the audited financial statements and the notes thereto included in the Company’s Annual Report. The accompanying unaudited financial statements reflect all normal recurring adjustments necessary to present fairly the financial position, results of operations, and cash flows for the interim periods, but are not necessarily indicative of the results for any subsequent quarter or the entire year ending December 31, 2019. Basis of Use of Estimates Cash Fair Value of Financial Instruments Fair Value Measurement Recently Issued Accounting Pronouncements In February 2016, the FASB issued ASU 2016-02, Leases. This is a comprehensive new leases standard that amends various aspects of existing guidance for leases and requires additional disclosures about leasing arrangements. It requires all leases that have a term in excess of 12 months be recognized on the balance sheet with the liability for lease payments and the corresponding right-of-use asset value based on the present value of future aggregate payments. Recognition of the costs of these leases on the income statement will be dependent upon their classification as either an operating or a financing lease. Costs of an operating lease will continue to be recognized as a single operating expense on a straight-line basis over the term of the lease. Costs for a financing lease will be disaggregated and recognized as both an operating expense (for the amortization of the right-of-use asset) and interest expense (for interest on the lease liability). This standard became effective beginning January 1, 2019 and was adopted on our financial statements. The Company recorded the right-of-use asset for the lease in the amount of $160,073 and the related lease liability. The current liability for the lease is $44,664 and non-current of $96,796 as of June 30, 2019. Property and Equipment System for use in China was marketable. The Company’s property and equipment is being depreciated on the straight-line basis over an estimated useful life of three years. Earnings or (Loss) Per Share Share-Based Payment Compensation - Stock Compensation Revenue Recognition - Other Liabilities Software Development Costs Domain Name Prepaid Expenses Marketing Costs Contingencies If the assessment of a contingency indicates it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates that a potential material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, together with an estimate of the range of possible loss if determinable and material would be disclosed. Loss contingencies considered to be remote by management are generally not disclosed unless they involve guarantees, in which case the guarantee would be disclosed.

3. Stockholders' Deficit

3. Stockholders' Deficit	6 Months Ended
	Jun. 30, 2019
Equity [Abstract]
Stockholders' Deficit	3. Stockholders’ Deficit The Company has authorized 10,000,000 shares of preferred stock at $0.001 par value, 5,000,000 of which are designated as “Series A Convertible Preferred Stock” at $0.001 par value and 100,000,000 authorized shares of common stock at $0.001 par value (“Common Stock”). Shares of Series A Convertible Preferred Stock do not accumulate dividends and are convertible into shares of Common Stock on a one-for-one basis. Additionally, each share entitles the holder to 100 votes and, with respect to dividend and liquidation rights, the shares rank pari passu with the Company’s Common Stock. During the six months ended June 30, 2019, the Company issued 30,833 shares of Common Stock at a cash price of $3.00 per share for a total of $92,500 and 3,333 shares of Common Stock for an aggregate cash price of $6,500 for subscriptions received during the year ended December 31, 2018. During the six months ended June 30, 2019 the Company issued 3,334 shares of Common Stock for an aggregate cash price of $10,000. On April 10, 2019 the Company sold 51,282 shares of Common Stock and a Warrant, exercisable for a period of 5 years, to purchase 33,333 shares of Common Stock at an exercise price of $1.95 per share, to a third party for aggregate consideration of $100,000. These shares are to be issued at a closing date to be mutually determined by the Company and the subscribers. On or about May 7, 2019 the Company sold 25,641 shares of Common Stock to a third party at a price of $1.95 per share, for aggregate consideration of $50,000. These shares are to be issued at a closing date to be mutually determined by the Company and the subscribers. On or about May 22, 2019 the Company sold 12,821 shares of Common Stock and a Warrant, exercisable for a period of 5 years, to purchase 6,410 shares of Common Stock at an exercise price of $1.95 per share to a third party at a price of $0.65 per share, for aggregate consideration of $25,000. These shares are to be issued at a closing date to be mutually determined by the Company and the subscribers. On or about June 4, 2019 the Company sold 51,282 shares of Common Stock and a Warrant, exercisable for a period of 5 years, to purchase 25,641 shares of Common Stock at an exercise price of $1.95 per share, to a third party for aggregate consideration of $100,000. These shares are to be issued at a closing date to be mutually determined by the Company and the subscribers.

4. Stock Options and Warrants

4. Stock Options and Warrants	6 Months Ended
	Jun. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Options and Warrants	4. Stock Options and Warrants Costs attributable to the issuance of stock options and share purchase warrants are measured at fair value at the date of issuance and offset with a corresponding increase in ‘Additional Paid in Capital’ at the time of issuance. The fair value cost is computed utilizing the Black-Scholes model and assuming volatility based on U.S. Treasury yield rates for a similar period. When the options or warrants are exercised, the receipt of consideration is an increase in stockholders’ equity. Concurrently with the securities purchase agreements entered into as described in Note 3 above, warrants to purchase the Company’s Common Stock were issued to the subscribers. Each warrant is exercisable for a period of five years from the date of the securities purchase agreement at an exercise price of $1.95 per share. The fair value cost at the date of issuance of the warrants was $475,838. There was no warrant activity during the six months ended June 30, 2018 and as of June 30, 2019, there are 196,155 warrants outstanding. Number of Shares Exercise Price Warrants as of December 31, 2018 - - Issued during 2019 196,155 $ 0.065 Warrants as of June 30, 2019 196,155 $ 0.065

5. Related Party Transactions

5. Related Party Transactions	6 Months Ended
	Jun. 30, 2019
Related Party Transactions [Abstract]
Related Party Transactions	5. Related Party Transactions During the six months ended June 30, 2019, Gust C. Kepler, a Director, President, Chief Executive Officer, Chief Financial Officer and Secretary of the Company advanced $42,642 to the Company and he was repaid $88,332. The balance remaining of $9,308 is owed to the Company, is unsecured and bears no interest. During the six months ended June 30, 2019 the Company advance $1,500 to its VP/Director of Operations and the balance remains outstanding, is unsecured and bears no interest. During the six months ended June 30, 2019 and 2018, the Company engaged the services of Karma Black Box LLC (“Karma”), whose two stockholders became Company stockholders as a result of the Exchange Agreement with Tiger Trade and its stockholders (Note 1), for application development services of the Company’s Blackbox System technology. Karma began operating as EDM Operators (“EDM”) in the last quarter of 2018. During the quarters six months ended June 30, 2019 and 2018, Karma/EDM was paid $9,000 and $27,000 for services, respectively. During the six months ended June 30, 2019, one of the stockholders of EDM advanced $25,000 to the Company. The balance of $25,000 remains outstanding as of June 30, 2019 is unsecured and bears no interest. G2 International, Inc. (“G2”), which does business as IPA Tech Group (“IPA”), is a company wholly owned by Gust C. Kepler, a Director, President, Chief Executive Officer, Chief Financial Officer and Secretary of the Company, and the Company’s controlling stockholder. As of June 30, 2019 the Company has a prepaid balance of $36,700 for public relations and marketing services with G2/IPA. These funds are reserved in anticipation of a future campaign to move the Company’s stock to listing on a national exchange.

6. Notes Payable

6. Notes Payable	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Notes Payable	6. Notes Payable On April 2, 2019 an additional $19,000 was advanced to be repaid in daily installments of $315.56, through August 8, 2019. The related note discount of $9,400 is being amortized over the term of the agreement for a total of $6,513 in interest expense as of June 30, 2019. On March 29, 2019 a third party advanced $38,755 to the Company in exchange for quasi-factoring financing arrangements to be repaid in daily installments, currently $460, through September 12, 2019. The related note discount of $16,445 is being amortized over the term of the agreement for a total of $9,256 in interest expense as of June 30, 2019. On February 19, 2019 a third party advanced $50,000 to the Company in exchange for a promissory note bearing interest at 12% per annum for a ninety-day period, maturing on May 20, 2019. This note and accrued interest of $2,000 was paid in full on June 17, 2019. During the year ended December 31, 2018 third parties advanced a total of $121,821 to the Company in exchange for quasi-factoring financing arrangements to be repaid in daily installments, currently $450, through September 18, 2019. The related note discounts of $55,190 have been amortized over the term of the agreements for a total of $18,385 in interest expense as of June 30, 2019. On June 26, 2018 the Company entered into a note payable with a third party for $8,309 for the purchase of office telecommunication equipment. The note bears interest at the rate of 18% per annum for 36 installments and matures on May 22, 2021. On August 8, 2018 a third party advanced $200,000 to the Company in exchange for a secured promissory note, bearing interest at the rate of 12% per annum with a maturity date of November 20, 2018. The note is secured by a Security Agreement providing for a continuing lien and first priority security interest in the assets of the Company and by a personal Guaranty Agreement with Gust Kepler, a Director, President, Chief Executive Officer, Chief Financial Officer and Secretary of the Company, and the Company’s controlling stockholder. On December 6, 2018, Mr. Kepler made a payment on the note in the amount of $100,000 plus accrued interest of $8,000 for an aggregate of $108,000. The principal balance of $100,000 remains outstanding and is in default as of August 19, 2019, although the holder has made no demand for settlement of the note.

7. Notes Payable, Related Parti

7. Notes Payable, Related Parties	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Notes Payable, Related Parties	7. Notes Payable, Related Party On November 9, 2018, Gust C. Kepler, a Director, President, Chief Executive Officer, Chief Financial Officer and Secretary of the Company advanced $120,000 to the Company in exchange for a promissory note bearing interest at 12% per annum for a ninety-day period, maturing on January 28, 2019. The note remains unpaid as of August 19, 2019 and is in default; however, no demand for repayment has been made by the holder. On December 6, 2018, Gust C. Kepler, a Director, President, Chief Executive Officer, Chief Financial Officer and Secretary of the Company advanced $108,000 to the Company for payment to a third party note holder (Note 6) in exchange for an unsecured promissory note.

8. Convertible Notes Payable

8. Convertible Notes Payable	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
8. Convertible Notes Payable	8. Convertible Notes Payable On May 21, 2019, the Company issued a fixed convertible promissory note payable to a third party for a total face value up to $550,000. The note specifies that the note holder shall retain an original issue discount of 10% of any consideration, bears interest of 8%, and matures 180 days from the effective date. The note holder paid the first consideration of $350,000 was allowed thirty days to pay additional consideration, however no further consideration was remitted within the thirty days. After 180 days from the effective date the Company shall provide note holder with two weeks notice of its determination to pay its obligations and during this two weeks the note holder may exercise any or all of its conversion rights at which time the note converts into shares of the Company’s common stock at a fixed conversion price equal to $1.95 per share. If the note is not retired on or before the maturity date, the note holder may to convert a portion or all the outstanding principle into shares of the Company’s common stock at a variable conversion price which equals the lower of the fixed conversion price or 65% of the lowest closing bid price during the 15 consecutive trading days prior to the date of the note holder’s election to convert.

9. Commitments and Contingencie

9. Commitments and Contingencies	6 Months Ended
	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	9. Commitments and Contingencies The Company entered into a sublease agreement with G2 effective July 1, 2015 subject to the terms and conditions of the office lease between G2 and Teachers Insurance and Annuity Association of America for approximately 1,502 square feet of office space at 5430 LBJ Freeway, Dallas, Texas. On August 28, 2017, the Company acquired and was assigned all right, title and interest in the lease from G2. On September 19, 2017 the Company amended the lease to expand its space by approximately 336 square feet for a total of 1,838 square feet and extended the expiration date to September 30, 2022. On January 1, 2019 the Company adopted ASC 842 requiring this lease to be recorded as an asset and corresponding liability on its balance sheet. The Company records rent expense associated with this lease on the straight-line basis in conjunction with the terms of the underlying lease. During the six months ended June 30, 2019 and 2018 we incurred $22,205 and $30,033, respectively, in office rental expense. Future minimum rental payments under ASC 842 for years ending December 31, are: 2019 $ 28,032 2020 59,006 2021 61,803 2022 46,869 On June 18, 2018 the Company entered into a letter agreement with IC Ventures, Inc. (“ICV”), pursuant to which the Company retained ICV to provide strategic advisory services for marketing and financial matters relating to investment and acquisition issues which services commenced July 1, 2018. The agreement provided for a twenty-month (24) month term and that ICV would be compensated monthly in Company common stock valued at $20,000 with such compensation to be increased by $15,000 in cash for a twelve-month period during the term, payable in cash beginning on the earlier of (i) the election by the Company or (ii) the sixth full month following the execution of the agreement. The agreement also provided that ICV would be issued 920,000 shares of the Company’s common stock if listing on NASDAQ is achieved during the term of the agreement and ICV shall be paid a closing fee of 1.5% of gross proceeds or a minimum of $500,000 if the Company should be acquired during the term of the agreement or within 12 months of the termination of the agreement. On December 18, 2018 the Company terminated the agreement and as of August 19, 2019 has not issued the Company common stock valued at an aggregate of $128,000, which on the date of termination of the ICV agreement was the equivalent of 13,827 shares. The Company engaged software design consulting services from a vendor for its Blackbox System which the Company found did not meet its standards and entered into negotiations to dispute the services rendered. The entity providing these services sought satisfaction through a complaint with the state of California for the disputed amount and a judgement in favor of the plaintiff/vendor was granted in the amount of $29,523. This amount represents $24,920 for the disputed services, interest of $2,200 and legal costs of $2,433. The Company is optimistic that a negotiated settlement of the judgement may be reached. The aggregate of the judgement of $29,523 is included in accounts payable as of June 30, 2019. On March 6, 2019 the Company entered into a letter agreement with Boustead Securities (“Boustead”), pursuant to which the Company retained Boustead to provide exclusive financial advisory services relating to corporate development, investment and acquisition issues. The agreement provides for an engagement fee of $20,000 due upon execution of the agreement; $5,000 upon the closing of any pre-initial public offering (“IPO”) financing and $25,000 upon the closing of the IPO. The Boustead agreement is subject to a period of due diligence investigation, not yet completed. The agreement also provides for cash success fees should any business combination transactions or debt financing be achieved. Additionally, Boustead will earn warrants for purchase of the Company’s common stock for each debt financing transactions and success fees for any equity financing or initial public offering. The Company is not currently a defendant in any material litigation or any threatened litigation that could have a material effect on the Company’s financial statements.

10. Subsequent Events

10. Subsequent Events	6 Months Ended
	Jun. 30, 2019
Subsequent Events [Abstract]
Subsequent Events	10. Subsequent Events The Company announced and approved a reverse stock split to become effective on July 15, 2019 at a ratio of 1 for 3, whereby every 3 shares of common stock issued and outstanding were automatically reclassified and combined into one share of common stock (“Reverse Stock Split”). The Reverse Stock Split has been reflected retroactively in these financial statements for all periods presented. On July 17, 2019, the Company issued a fixed convertible promissory note payable to a third party for $165,000. The note specifies that the note holder shall retain an original issue discount of 10% of any consideration, bears interest of 8%, and matures 180 days from the effective date. After 180 days from the effective date the Company shall provide note holder with two weeks notes of its determination to pay its obligations and during this two weeks the note holder may exercise any or all of its conversion rights at which time the note converts into shares of the Company’s common stock at a conversion price equal to $1.95 per share.

2. Summary of Significant Acc_2

2. Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Basis of Presentation	Basis of
Use of Estimates	Use of Estimates
Cash	Cash
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair Value Measurement
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In February 2016, the FASB issued ASU 2016-02, Leases. This is a comprehensive new leases standard that amends various aspects of existing guidance for leases and requires additional disclosures about leasing arrangements. It requires all leases that have a term in excess of 12 months be recognized on the balance sheet with the liability for lease payments and the corresponding right-of-use asset value based on the present value of future aggregate payments. Recognition of the costs of these leases on the income statement will be dependent upon their classification as either an operating or a financing lease. Costs of an operating lease will continue to be recognized as a single operating expense on a straight-line basis over the term of the lease. Costs for a financing lease will be disaggregated and recognized as both an operating expense (for the amortization of the right-of-use asset) and interest expense (for interest on the lease liability). This standard became effective beginning January 1, 2019 and was adopted on our financial statements. The Company recorded the right-of-use asset for the lease in the amount of $160,073 and the related lease liability. The current liability for the lease is $44,664 and non-current of $96,796 as of June 30, 2019.
Property and Equipment	Property and Equipment System for use in China was marketable. The Company’s property and equipment is being depreciated on the straight-line basis over an estimated useful life of three years.
Earnings or (Loss) Per Share	Earnings or (Loss) Per Share
Share-Based Payment	Share-Based Payment Compensation - Stock Compensation
Revenue Recognition	Revenue Recognition -
Other Liabilities	Other Liabilities
Software Development Costs	Software Development Costs
Domain Name	Domain Name
Prepaid Expenses	Prepaid Expenses
Marketing Costs	Marketing Costs
Contingencies	Contingencies

4. Stock Options and Warrants (

4. Stock Options and Warrants (Table)	6 Months Ended
	Jun. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Options and Warrants	Number of Shares Exercise Price Warrants as of December 31, 2018 - - Issued during 2019 196,155 $ 0.065 Warrants as of June 30, 2019 196,155 $ 0.065

9. Commitments and Contingenc_2

9. Commitments and Contingencies (Table)	6 Months Ended
	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Future minimal rental payments	2019 $ 28,032 2020 59,006 2021 61,803 2022 46,869

1. Organization (Details Narrat

1. Organization (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018	Dec. 01, 2015
Accumulated deficit	$ (4,494,751)		$ (4,494,751)		$ (3,846,469)
Net losses	$ (439,779)	$ (243,976)	$ (648,282)	$ (446,518)
Tiger Trade Technologies [Member]
Capital stock acquired						88.64%

2. Summary of Significant Acc_3

2. Summary of Significant Accounting Policies (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Accounting Policies [Abstract]
Potential dilution of common stock shares if Series A preferred stock is converted	5,380,781	5,000,000
Useful live of property and equipment	3 years
Share based compensation	$ 0	$ 0
Advanced payment for subscription service	180,000
Marketing Costs	138,750	$ 54,387
Lease liability current	44,664
Lease liability non-current	96,764
Right-of-use lease	$ 160,073

3. Stockholders' Equity (Detail

3. Stockholders' Equity (Details Narrative) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018	May 07, 2019
Stock issued new, shares	30,833	33,000
Stock issued new, value	$ 92,500	$ 33,000
Price per share	$ 3	$ 1
Stock sold, shares			25,641
Stock sold, value			$ 50,000
Exercise price	$ .065
Issuance 2 [Member]
Stock issued new, shares	3,334
Stock issued new, value	$ 10,000
Warrant [Member]
Stock issued new, shares	51,282
Stock issued new, value	$ 100,000
Price per share	$ 1.95
Warant stock purchased	33,333
Warrant exercise period	5 years
Debt issuance date	Apr. 10, 2019
Warrant 2 [Member]
Stock issued new, shares	12,821
Stock issued new, value	$ 25,000
Price per share	$ 1.95
Warant stock purchased	6,410
Warrant exercise period	5 years
Debt issuance date	May 22, 2019
Warrant 3 [Member]
Stock issued new, shares	51,282
Stock issued new, value	$ 100,000
Price per share	$ 1.95
Warant stock purchased	25,641
Warrant exercise period	5 years
Debt issuance date	Jun. 4, 2019

4. Stock Options and Warrants_2

4. Stock Options and Warrants (Details) - $ / shares	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Warrants outstanding	196,155
Warrants issued	196,155
Exercise price	$ .065

4. Stock Options and Warrants_3

4. Stock Options and Warrants (Details Narrative) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock options outstanding	0
Warrants outstanding	196,155
Exercise price	$ .065
Fair value warrants	$ 475,838

5. Related Party Transactions (

5. Related Party Transactions (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Proceeds from related party	$ 67,642	$ 108,000
Payment to related party	89,832	61,223
Gust Kepler [Member]
Proceeds from related party	42,642
Payment to related party	88,332
Due to related party	9,308
VP/Director of Operations [Member]
Payment to related party	1,500
Karma Black Box [Member]
Payment to related party	9,000	$ 27,000
EDM [Member]
Proceeds from related party	25,000
Due to related party	25,000
G2 International, Inc. [Member]
Prepaid expense for marketing	$ 36,700

6. Notes Payable (Details Narra

6. Notes Payable (Details Narrative) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Proceeds from note payable	$ 107,755	$ 48,015
Note Payable [Member]
Debt issuance date	Apr. 2, 2019
Proceeds from note payable	$ 19,000
Interest expense debt	6,513
Daily repay installments	315.56
Note Discount	$ 9,400
Note Payable 2 [Member]
Debt issuance date	Mar. 29, 2019
Proceeds from note payable	$ 38,755
Debt maturity date	Sep. 12, 2019
Interest expense debt	$ 9,256
Daily repay installments	460
Note Discount	$ 16,445
Note Payable 3 [Member]
Debt issuance date	Feb. 19, 2019
Proceeds from note payable	$ 50,000
Debt maturity date	May 20, 2019
Note Interest Rate	12.00%
Note Payable [Member]
Proceeds from note payable			$ 121,821
Debt maturity date			Sep. 18, 2019
Interest expense debt			$ 18,385
Daily repay installments			450
Note Discount			$ 55,190
Note Payable 4 [Member]
Debt issuance date			Jun. 26, 2018
Debt maturity date			May 22, 2021
Note Interest Rate			18.00%
Note value			$ 8,309
Note Payable 5 [Member]
Debt issuance date			Aug. 8, 2018
Proceeds from note payable			$ 200,000
Debt maturity date			Nov. 20, 2018
Interest expense debt			$ 8,000
Note Interest Rate			12.00%
Repayment of note			$ 100,000

7. Notes Payable, Related Par_2

7. Notes Payable, Related Parties (Details Narrative) - Gust Kepler [Member] - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 06, 2018
Debt issuance date	Nov. 9, 2018
Proceeds from note payable, related parties	$ 120,000
Debt maturity date	Feb. 7, 2019
Note Interest Rate	12.00%
Proceeds in exchange for note		$ 108,000

8. Convertible Notes Payable (D

8. Convertible Notes Payable (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Proceeds from note payable	$ 107,755	$ 48,015
Convertible Notes Payable [Member]
Debt issuance date	May 21, 2019
Proceeds from note payable	$ 350,000
Original issue discount	10.00%
Note Interest Rate	8.00%
Debt maturity date	Nov. 21, 2019
Fixed conversion price	$ 1.95

9. Commitments and Contingenc_3

9. Commitments and Contingencies (Details)	Jun. 30, 2019USD ($)
Commitments and Contingencies Disclosure [Abstract]
2019	$ 28,032
2020	59,006
2021	61,803
2022	$ 46,869

9. Commitments and Contingenc_4

9. Commitments and Contingencies (Details Narrative) - USD ($)	3 Months Ended	6 Months Ended
	Mar. 31, 2019	Jun. 30, 2019	Jun. 30, 2018
Rent expense		$ 60,584
Amount, Judgment		29,523
Amount, Services Disputed		24,920
Amount, Interest		2,200
Amount, Legal Cost		2,433
G2 Sublease [Member]
Rent expense		$ 22,205	$ 30,033
IC Ventures, Inc [Member]
Debt issuance date		Jun. 18, 2019
Monthly common stock compensation, value		$ 20,000
Monthly common stock compensation increase, value		$ 15,000
Common stock issued if on NASDAQ, shares		920,000
IPO Closing fee		$ 500,000
Date termination		Dec. 18, 2018
Non-issued stock, shares		13,827
Non-issued stock, value		$ 128,000
Boustead Securities [Member]
Debt issuance date	Mar. 6, 2019
Engagement fee	$ 20,000
Pre-IPO Closing fee	5,000
IPO Closing fee	$ 25,000

10. Subsequent Events (Details

10. Subsequent Events (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Reverse split	3 for 1
Date of reverse split	Jul. 15, 2019
Proceeds from note payable	$ 107,755	$ 48,015
Note Payable 6 [Member]
Debt issuance date	Jul. 17, 2019
Proceeds from note payable	$ 165,000
Original issue discount	10.00%
Note Interest Rate	8.00%
Debt maturity date	Jan. 17, 2020
Fixed conversion price	$ 1.95