Double Down 10-K 17 Apr 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Apr. 17, 2017	Jun. 30, 2016
Document And Entity Information [Abstract]
Entity Registrant Name	Ticket Corp.
Entity Central Index Key	1,570,279
Trading Symbol	tick
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding		48,000,000
Entity Public Float			$ 0
Document Type	10-K
Document Period End Date	Dec. 31, 2016
Amendment Flag	false
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Dec. 31, 2016	Dec. 31, 2015
CURRENT ASSETS
Cash	$ 4,037	$ 12,609
Accounts Receivable	2,390	1,866
Ticket Assignment Agreement		240,000
Total Current Assets	6,427	254,475
TOTAL ASSETS	6,427	254,475
Current Liabilities:
Accounts Payable	8,983	2,915
Interest Payable	11,270	2,600
Due to Related Party	145,100	60,100
Total Current Liabilities	165,353	65,615
Long Term Liabilities:
Note Payable - Shareholder		240,000
Total Long Term Liabilities		240,000
TOTAL LIABILITIES	165,353	305,615
Commitments & Contingencies
STOCKHOLDERS' EQUITY
Common stock: authorized 100,000,000; $0.001 par value; 48,000,000 shares issued and outstanding at December 31, 2016 and December 31, 2015	48,000	48,000
Paid in capital	34,500	34,500
Accumulated deficit	(241,426)	(133,640)
Total Stockholders' Equity	(158,926)	(51,140)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 6,427	$ 254,475

BALANCE SHEETS (Parentheticals)

BALANCE SHEETS (Parentheticals) - $ / shares	Dec. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Common stock, shares authorized	100,000,000	100,000,000
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares issued	48,000,000	48,000,000
Common stock, shares outstanding	48,000,000	48,000,000

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Statement [Abstract]
REVENUES	$ 89,463	$ 169,653
TOTAL REVENUES	89,463	169,653
COST OF GOODS SOLD
Merchant Account Fees	1,626
Purchases - Resale Tickets	60,518	124,103
TOTAL COST OF GOODS SOLD	62,144	124,103
GROSS PROFIT	27,319	45,550
Operating Expenses:
General and administrative	3,930	2,594
Professional Fees	122,506	122,475
Total Expenses	126,435	125,069
Net loss from operations	(99,116)	(79,519)
Other Income/Expense
Gain on Cancellation of Debt	3,800
Interest Expense	(12,470)	(2,400)
Total Other Income/Expense	(8,670)	(2,400)
Provision for taxes
Net Income (loss)	$ (107,786)	$ (81,919)
Net loss per share:
Basic and diluted (in dollars per share)	$ (0.002)	$ (0.002)
Weighted average number of shares outstanding:
Basic and diluted (in shares)	48,000,000	48,000,000

STATEMENTS OF CHANGES IN SHAREH

STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)	Common Stock	Additional Paid in Capital	Accumulated Deficit	Total
Balance at Dec. 31, 2014	$ 48,000	$ 34,500	$ (51,721)	$ 30,779
Balance (in shares) at Dec. 31, 2014	48,000,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net profit (loss)			(81,919)	(81,919)
Balance at Dec. 31, 2015	$ 48,000	34,500	(133,640)	(51,140)
Balance (in shares) at Dec. 31, 2015	48,000,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net profit (loss)			(107,786)	(107,786)
Balance at Dec. 31, 2016	$ 48,000	$ 34,500	$ (241,426)	$ (158,926)
Balance (in shares) at Dec. 31, 2016	48,000,000

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Operating activities:
Net loss	$ (107,786)	$ (81,919)
Changes in assets and liabilities:
Accounts Receivable	(1,330)	9,134
Accounts Payable	6,874	(7,583)
Interest Payable	12,470	2,400
Gain on Cancellation of Debt	(3,800)
Net cash used by operating activities	(93,572)	(77,968)
Financing activities:
Note Payable - Rheingrover	85,000	60,000
Net cash provided by financing activities	85,000	60,000
Net decrease in cash	(8,572)	(17,968)
Cash, beginning of period	12,609	30,577
Cash, end of period	4,037	12,609
Supplemental disclosure of cash flow information:
Ticket Assignment Agreement	240,000
Note Payable - Shareholder	(240,000)
Cash paid during the period
Taxes
Interest

ORGANIZATION AND DESCRIPTION OF

ORGANIZATION AND DESCRIPTION OF BUSINESS	12 Months Ended
	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND DESCRIPTION OF BUSINESS	NOTE 1. ORGANIZATION AND DESCRIPTION OF BUSINESS Ticket Corp. (the Company) was incorporated under the laws of the State of Nevada on January 17, 2013. The Company was formed to become a provider of tickets, merchandise and social media communications driven primarily through its mobile application technology in the United States and a provider of premium seats and entrance to concerts, sporting events, theatre and entertainment, including corporate and group ticketing, special events and promotions worldwide. The Company is in an active and operational stage. Its activities to date include but is not limited to capital formation, organization, application development, beta testing and launch as well as developing relationships with key product merchandisers and have populated the mobile app with available tickets and authentic merchandise to most major live events. The company is in the early stages of collecting revenue but is selling tickets and merchandise on its mobile application.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Accounting The accompanying audited financial statements of Ticket Corp. (the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) and the rules of the Securities and Exchange Commission. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the periods presented have been reflected herein. Basic Loss per Share ASC No. 260, “Earnings per Share”, specifies the computation, presentation and disclosure requirements for earnings (loss) per share for entities with publicly held common stock. The Company has adopted the provisions of ASC No. 260. Basic net loss per share amounts is computed by dividing the net loss by the weighted average number of common shares outstanding. Diluted loss per share is the same as basic loss per share due to the lack of dilutive items in the Company. Cash Equivalents The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. Use of Estimates and Assumptions 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 could differ from those estimates. In accordance with ASC No. 250 all adjustments are normal and recurring. Income Taxes Income taxes are provided in accordance with ASC No. 740, Accounting for Income Taxes. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carry-forwards. Deferred tax expense (benefit) results from the net change during the year of deferred tax assets and liabilities. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. Revenue The Company records revenue when all goods and services have been performed and delivered, the amounts are readily determinable, and collection is reasonably assured. Reclassification On December 17, 2014 the Company signed a Promissory Note in the amount of $240,000 with Russell Rheingrover. The note had an annual interest of 1.00%. The maturity date of the note was March 13, 2018. The note was associated with an Assignment Agreement between the Company and Mr. Rheingrover wherein Mr. Rheingrover assigned all of his rights to the Stadium Builders License Agreement with the Santa Clara Stadium Authority to purchase and resell tickets to San Francisco 49er’s games with a fair market value of $80,000 per year for three years. The company had accrued $3,800 in interest on the note as of June 30, 2016. On August 31, 2016 the Assignment Agreement was cancelled due to non-performance. All accrued interest was also cancelled, resulting in a gain of $3,800.

RECENT ACCOUNTING PRONOUCEMENTS

RECENT ACCOUNTING PRONOUCEMENTS	12 Months Ended
	Dec. 31, 2016
Accounting Changes and Error Corrections [Abstract]
RECENT ACCOUNTING PRONOUCEMENTS	NOTE 3. RECENT ACCOUNTING PRONOUCEMENTS The Financial Accounting Standards Board (“FASB”) periodically issues new accounting standards in a continuing effort to improve standards of financial accounting and reporting. The Company has reviewed the recently issued pronouncements. In May 2014, the FASB issued ASU 2014-09, “ Revenue from Contracts with Customers (Topic 606 On August 27, 2014, the FASB issued ASU 2014-15 to provide guidance regarding management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern. U.S. auditing standards require that an auditor evaluate whether there is substantial doubt about an entity's ability to continue as a going concern for a reasonable period of time not to exceed one year beyond the date of the financial statements being audited. However, there is currently no guidance in GAAP about management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern or to provide related footnote disclosures. ASU 2014-15 states that, in connection with preparing financial statements for each annual and interim reporting period, an entity's management should evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity's ability to continue as a going concern within one year after the date that the financial statements are issued. This evaluation is to be based on relevant conditions and events that are known, or reasonably knowable, at the date the financial statements are issued or available to be issued. When conditions or events that raise substantial doubt about an entity's ability to continue as a going concern are identified, management should consider whether its plans that are intended to mitigate those relevant conditions or events will alleviate the substantial doubt. If the substantial doubt is alleviated as a result of management's plans, the entity should disclose the following: 1. Principal conditions or events that raised substantial doubt about the entity's ability to continue as a going concern, before consideration of management's plans; 2. Management's evaluation of the significance of those conditions or events in relation to the entity's ability to meet its obligations; and 3. Management's plans that alleviated substantial doubt about the entity's ability to continue as a going concern. If substantial doubt is not alleviated after consideration of management's plans, an entity should include a statement in the footnotes indicating that there is substantial doubt about the entity's ability to continue as a going concern within one year after the date that the financial statements are issued (or available to be issued). Additionally, the entity should disclose the following: 1. Principal conditions or events that raise substantial doubt about the entity's ability to continue as a going concern; 2. Management's evaluation of the significance of those conditions or events in relation to the entity's ability to meet its obligations; and 3. Management's plans that are intended to mitigate the conditions or events that raise substantial doubt about the entity's ability to continue as a going concern. ASU 2014-15 is effective for Ticket Corp. beginning in the year ending December 31, 2016, and for annual periods and interim periods thereafter. Early application is permitted and the Company has provided a Going Concern evaluation in Note 4.

GOING CONCERN

GOING CONCERN	12 Months Ended
	Dec. 31, 2016
Going Concern [Abstract]
GOING CONCERN	NOTE 4. GOING CONCERN The accompanying financial statements are presented on a going concern basis. The Company had limited operations during the period from January 17, 2013 (date of inception) through December 31, 2016 and a deficit of $241,425, or $0.005 per share. This condition raises substantial doubt about the Company’s ability to continue as a going concern. Management believes that the Company’s current cash of $4,037, anticipated revenues and loans from our director when needed will be sufficient to cover the expenses they will incur during the next twelve months in a limited operations scenario. Management believes that by following through with the Company’s plan of operation for the next 12 months that the revenue will increase to a point to support operations without loans from the director of the Company.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 5. RELATED PARTY TRANSACTIONS The sole officer and two directors of the Company may, in the future, become involved in other business opportunities as they become available, they may face a conflict in selecting between the Company and their other business opportunities. The Company has not formulated a policy for the resolution of such conflicts. As of December 31, 2016, $156,370 is owed to Russell Rheingrover, CEO. $100 of the funds were loaned by him to the Company to open the bank account and is non-interest bearing with no specific repayment terms. The accrued interest payable of the Convertible Notes as outlined below was $11,270. $35,000 of the funds are the result of a 10% Convertible Note issued on September 3, 2015. Under the terms of the note the principal sum and interest is to be repaid to Mr. Rheingrover by September 3, 2016 or is convertible at the conversion price of $0.05 per common stock share. On September 3, 2016, the terms of the Note were extended to September 2, 2017. The conversion price was considered by management to be a fair price. $25,000 of the funds are the result of a 10% Convertible Note issued on October 5, 2015. Under the terms of the note the principal sum and interest is to be repaid to Mr. Rheingrover by October 5, 2016 or is convertible at the conversion price of $0.05 per common stock share. On October 5, 2016, the terms of the Note were extended to October 4, 2017. The conversion price was considered by management to be a fair price. $35,000 of the funds are the result of a 10% Convertible Note issued on April 30, 2016. Under the terms of the note the principal sum and interest is to be repaid to Mr. Rheingrover by April 30, 2017 or is convertible at the conversion price of $0.10 per common stock share. The conversion price was considered by management to be a fair price. $20,000 of the funds are the result of a 10% Convertible Note issued on September 8, 2016. Under the terms of the note the principal sum and interest is to be repaid to Mr. Rheingrover by September 8, 2017 or is convertible at the conversion price of $0.15 per common stock share. The conversion price was considered by management to be a fair price. $30,000 of the funds are the result of a 10% Convertible Note issued on October 26, 2016. Under the terms of the note the principal sum and interest is to be repaid to Mr. Rheingrover by October 26, 2017 or is convertible at the conversion price of $0.15 per common stock share. The conversion price was considered by management to be a fair price. On December 17, 2014 the Company signed a Promissory Note in the amount of $240,000 with Russell Rheingrover. The note had an annual interest of 1.00%. The maturity date of the note was March 13, 2018. The note was associated with an Assignment Agreement between the Company and Mr. Rheingrover wherein Mr. Rheingrover assigned all of his rights to the Stadium Builders License Agreement with the Santa Clara Stadium Authority to purchase and resell tickets to San Francisco 49er’s games with a fair market value of $80,000 per year for three years. The company had accrued $3,800 in interest on the note as of June 30, 2016. On August 31, 2016 the Assignment Agreement was cancelled due to non-performance. All accrued interest was also cancelled, resulting in a gain of $3,800. Mr. Rheingrover, who currently owns 69% of our outstanding voting stock, is also the Chief Executive Officer of Jiffy Tickets, a national reseller of concert, theater, sporting and event tickets. He currently devotes approximately 5 hours of his business time to our affairs and the balance to Jiffy Tickets. He owes a fiduciary duty of loyalty to us, but also owes similar fiduciary duties to Jiffy Tickets. Due to his responsibilities to serve both companies, there is potential for conflicts of interest. He will use every effort to avoid material conflicts of interest generated by his responsibilities to both companies, but no assurance can be given that material conflicts will not arise which could be detrimental to our operations and financial prospects.

STOCK TRANSACTIONS

STOCK TRANSACTIONS	12 Months Ended
	Dec. 31, 2016
Stock Transactions [Abstract]
STOCK TRANSACTIONS	NOTE 6. STOCK TRANSACTIONS On January 31, 2013, the Company issued a total of 33,000,000 shares of common stock to its sole officer Russell Rheingrover for cash in the amount of $0.001 per share for a total of $33,000. The company’s Registration Statement on Form S-1 was declared effective on July 25, 2014. In October 2014 the company sold 15,000,000 shares of common stock to 50 independent shareholders at a price of $0.033 per share for total proceeds of $49,500, pursuant to the Registration Statement. As of December 31, 2016 the Company had 48,000,000 shares of common stock issued and outstanding.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	12 Months Ended
	Dec. 31, 2016
Equity [Abstract]
STOCKHOLDERS' EQUITY	NOTE 7. STOCKHOLDERS’ EQUITY The stockholders’ equity section of the Company contains the following classes of capital stock as of December 31, 2016: Common stock, $ 0.001 par value: 100,000,000 shares authorized; 48,000,000 shares issued and outstanding.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2016
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 8. SUBSEQUENT EVENTS The Company evaluated all other events or transactions that occurred after December 31, 2016 up through date the Company issued these financial statements and found no subsequent event that needed to be reported.

SUMMARY OF SIGNIFICANT ACCOUN15

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Basis of Accounting	Basis of Accounting The accompanying audited financial statements of Ticket Corp. (the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) and the rules of the Securities and Exchange Commission. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the periods presented have been reflected herein.
Basic Loss per Share	Basic Loss per Share ASC No. 260, “Earnings per Share”, specifies the computation, presentation and disclosure requirements for earnings (loss) per share for entities with publicly held common stock. The Company has adopted the provisions of ASC No. 260. Basic net loss per share amounts is computed by dividing the net loss by the weighted average number of common shares outstanding. Diluted loss per share is the same as basic loss per share due to the lack of dilutive items in the Company.
Cash Equivalents	Cash Equivalents The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.
Use of Estimates and Assumptions	Use of Estimates and Assumptions 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 could differ from those estimates. In accordance with ASC No. 250 all adjustments are normal and recurring.
Income Taxes	Income Taxes Income taxes are provided in accordance with ASC No. 740, Accounting for Income Taxes. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carry-forwards. Deferred tax expense (benefit) results from the net change during the year of deferred tax assets and liabilities. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.
Revenue	Revenue The Company records revenue when all goods and services have been performed and delivered, the amounts are readily determinable, and collection is reasonably assured.
Reclassification	Reclassification On December 17, 2014 the Company signed a Promissory Note in the amount of $240,000 with Russell Rheingrover. The note had an annual interest of 1.00%. The maturity date of the note was March 13, 2018. The note was associated with an Assignment Agreement between the Company and Mr. Rheingrover wherein Mr. Rheingrover assigned all of his rights to the Stadium Builders License Agreement with the Santa Clara Stadium Authority to purchase and resell tickets to San Francisco 49er’s games with a fair market value of $80,000 per year for three years. The company had accrued $3,800 in interest on the note as of June 30, 2016. On August 31, 2016 the Assignment Agreement was cancelled due to non-performance. All accrued interest was also cancelled, resulting in a gain of $3,800.

SUMMARY OF SIGNIFICANT ACCOUN16

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Detail textuals) - USD ($)	1 Months Ended	12 Months Ended
	Dec. 17, 2014	Dec. 31, 2016	Jun. 30, 2016	Dec. 31, 2015
Related Party Transaction [Line Items]
Accrued interest		$ 11,270		$ 2,600
Gain on Cancellation of Debt		3,800
Russell Rhiengrover
Related Party Transaction [Line Items]
Accrued interest		$ 11,270
Russell Rhiengrover | Promissory Note
Related Party Transaction [Line Items]
Promissory note amount	$ 240,000
Annual interest rate	1.00%
Maturity date of note	Mar. 13, 2018
Fair market value of tickets	$ 80,000
License agreement term	3 years
Accrued interest			$ 3,800

GOING CONCERN (Detail Textuals)

GOING CONCERN (Detail Textuals) - USD ($)	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Going Concern [Abstract]
Accumulated deficit	$ (241,426)	$ (133,640)
Deficit per share (in dollars per share)	$ 0.005
Cash	$ 4,037	$ 12,609	$ 30,577

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Detail Textuals) - USD ($)	1 Months Ended	12 Months Ended
	Dec. 17, 2014	Dec. 31, 2016	Oct. 26, 2016	Sep. 08, 2016	Jun. 30, 2016	Apr. 30, 2016	Dec. 31, 2015	Oct. 05, 2015	Sep. 03, 2015
Related Party Transaction [Line Items]
Due to related party		$ 145,100					$ 60,100
Accrued interest		11,270					$ 2,600
Gain on Cancellation of Debt		3,800
Russell Rhiengrover
Related Party Transaction [Line Items]
Due to related party		156,370
Amount loaned to open bank account		$ 100
Ownership percentage		69.00%
Accrued interest		$ 11,270
Russell Rhiengrover | Convertible Note
Related Party Transaction [Line Items]
Convertible notes			$ 30,000	$ 20,000		$ 35,000		$ 25,000	$ 35,000
Rate of convertible note issued			10.00%	10.00%		10.00%		10.00%	10.00%
Conversion price (in dollars per share)			$ 0.15	$ 0.15		$ 0.10		$ 0.05	$ 0.05
Russell Rhiengrover | Promissory Note
Related Party Transaction [Line Items]
Promissory note amount	$ 240,000
Annual interest rate	1.00%
Maturity date of note	Mar. 13, 2018
Fair market value of tickets	$ 80,000
License agreement term	3 years
Accrued interest					$ 3,800
Jiffy tickets
Related Party Transaction [Line Items]
Due to related party		$ 1,529
Percentage of total revenues		50.00%

STOCK TRANSACTIONS (Detail Text

STOCK TRANSACTIONS (Detail Textuals)	1 Months Ended
	Oct. 31, 2014USD ($)Shareholder$ / sharesshares	Jan. 31, 2013USD ($)$ / sharesshares	Dec. 31, 2016shares	Dec. 31, 2015shares
Stock Transactions [Line Items]
Common stock, shares issued			48,000,000	48,000,000
Common stock, shares outstanding			48,000,000	48,000,000
Russell Rhiengrover
Stock Transactions [Line Items]
Number of shares issued		33,000,000
Per share amount of shares issued (in dollars per share) | $ / shares		$ 0.001
Value of shares issued | $		$ 33,000
Independent shareholders
Stock Transactions [Line Items]
Number of shares issued	15,000,000
Number of independent shareholders | Shareholder	50
Per share amount of shares issued (in dollars per share) | $ / shares	$ 0.033
Value of shares issued | $	$ 49,500

STOCKHOLDERS' EQUITY (Detail Te

STOCKHOLDERS' EQUITY (Detail Textuals) - $ / shares	Dec. 31, 2016	Dec. 31, 2015
Equity [Abstract]
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	48,000,000	48,000,000
Common stock, shares outstanding	48,000,000	48,000,000