Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2018 | Apr. 01, 2019 | Jun. 30, 2018 | |
Document And Entity Information [Abstract] | |||
Entity Registrant Name | Ticket Corp. | ||
Entity Central Index Key | 0001570279 | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Common Stock, Shares Outstanding | 48,000,000 | ||
Entity Public Float | $ 3,750,000 | ||
Document Type | 10-K | ||
Document Period End Date | Dec. 31, 2018 | ||
Amendment Flag | false | ||
Document Fiscal Year Focus | 2018 | ||
Document Fiscal Period Focus | FY | ||
Entity Shell Company | false | ||
Entity Small Business | true | ||
Entity Emerging Growth Company | true | ||
Entity Ex Transition Period | false |
BALANCE SHEETS
BALANCE SHEETS - USD ($) | Dec. 31, 2018 | Dec. 31, 2017 |
CURRENT ASSETS | ||
Cash | $ 4,394 | $ 3,824 |
Total Current Assets | 4,394 | 3,824 |
TOTAL ASSETS | 4,394 | 3,824 |
Current Liabilities: | ||
Accounts Payable | 3,400 | 76,645 |
Interest Payable | 54,247 | 28,333 |
Due to Related Party | 293,617 | 190,100 |
Total Current Liabilities | 351,264 | 295,078 |
TOTAL LIABILITIES | 351,264 | 295,078 |
Commitments & Contingencies | ||
STOCKHOLDERS' EQUITY (DEFICIT) | ||
Common stock: authorized 100,000,000; $0.001 par value; 48,000,000 shares issued and outstanding at December 31, 2018 and December 31, 2017 | 48,000 | 48,000 |
Paid in capital | 34,500 | 34,500 |
Accumulated deficit | (429,370) | (373,754) |
Total Stockholders' Equity (Deficit) | (346,870) | (291,254) |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ 4,394 | $ 3,824 |
BALANCE SHEETS (Parentheticals)
BALANCE SHEETS (Parentheticals) - $ / shares | Dec. 31, 2018 | Dec. 31, 2017 |
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, 2018 | Dec. 31, 2017 | |
Income Statement [Abstract] | ||
REVENUES | $ 175 | $ 12,208 |
TOTAL REVENUES | 175 | 12,208 |
COST OF GOODS SOLD | ||
Merchant Account Fees | 670 | 1,504 |
Purchases - Resale Tickets | 8,699 | |
TOTAL COST OF GOODS SOLD | 670 | 10,204 |
GROSS PROFIT | (495) | 2,004 |
Operating Expenses: | ||
General and administrative | 5,139 | 8,469 |
Professional Fees | 24,069 | 43,206 |
Research & Development | 65,594 | |
Total Expenses | 29,208 | 117,269 |
Net loss from operations | (29,703) | (115,265) |
Other Income/Expense | ||
Interest Expense | (25,914) | (17,063) |
Total Other Income/Expense | (25,914) | (17,063) |
Provision for taxes | 0 | 0 |
Net Income (loss) | $ (55,617) | $ (132,328) |
Net loss per share: | ||
Basic and diluted (in dollars per share) | $ (0.001) | $ (0.003) |
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, 2016 | $ 48,000 | $ 34,500 | $ (241,425) | $ (158,926) |
Balance (in shares) at Dec. 31, 2016 | 48,000,000 | |||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||
Net loss | (132,328) | (132,328) | ||
Balance at Dec. 31, 2017 | $ 48,000 | 34,500 | (373,753) | (291,254) |
Balance (in shares) at Dec. 31, 2017 | 48,000,000 | |||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||
Net loss | (55,617) | (55,617) | ||
Balance at Dec. 31, 2018 | $ 48,000 | $ 34,500 | $ (429,370) | $ (346,870) |
Balance (in shares) at Dec. 31, 2018 | 48,000,000 |
STATEMENTS OF CASH FLOWS
STATEMENTS OF CASH FLOWS - USD ($) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Operating Activities: | ||
Net loss | $ (55,617) | $ (132,328) |
Changes in assets and liabilities: | ||
Accounts Receivable | 2,390 | |
Accounts Payable | (73,245) | 67,662 |
Interest Payable | 25,914 | 17,063 |
Net cash provided by operating activities | (102,948) | (45,213) |
Financing Activities: | ||
Note Payable - Rheingrover | 103,517 | 45,000 |
Net cash provided by financing activities | 103,517 | 45,000 |
Net increase in cash | 569 | (213) |
Cash, beginning of period | 3,824 | 4,037 |
Cash, end of period | 4,394 | 3,824 |
Cash paid during the period | ||
Taxes | 0 | 0 |
Interest | $ 0 | $ 0 |
ORGANIZATION AND DESCRIPTION OF
ORGANIZATION AND DESCRIPTION OF BUSINESS | 12 Months Ended |
Dec. 31, 2018 | |
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, 2018 | |
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 because the consideration of these shares would be anti-dilutive in periods of loss. If the company issues all shares convertible under the terms of the loans payable to Russell Rheingrover (see Related Party Transactions) the number of shares to be issued to Mr. Rheingrover would be 2,837,620 for the principal balance and 656,028 for the accrued interest if it is converted to shares. 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 In accordance with ASC 605 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 Certain balances from prior periods have been reclassified in these audited financial statements to conform to current period presentation. This had no impact on prior reported assets, equity, or operations. Software Development Costs The company expenses software development costs in accordance with FASB ASC 985-20-25. All costs incurred to establish the technological feasibility of a computer software product to be sold, leased, or otherwise marketed are research and development costs. Once technological feasibility has been reached, but not before it is released to the public, the cost incurred for software development can be capitalized and amortized after release. The company incurred no software development costs during the fiscal year ended December 31, 2018 and $65,594 during the fiscal year ended December 31, 2017. Advertising Costs The company expenses advertising costs as they are incurred. The company incurred no advertising costs during the fiscal years ended December 31, 2018 and 2017. |
RECENT ACCOUNTING PRONOUCEMENTS
RECENT ACCOUNTING PRONOUCEMENTS | 12 Months Ended |
Dec. 31, 2018 | |
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 June 20, 2018, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2018-07, Compensation—Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting . ASU 2018-07 is intended to reduce cost and complexity and to improve financial reporting for share-based payments to nonemployees (for example, service providers, external legal counsel, suppliers, etc.). ASU 2018-07 will be effective for public companies for December 31, 2019 financial statements and for nonpublic entities for December 31, 2020 financial statements. Early adoption is permitted, but no earlier than entity’s adoption date for ASC Topic 606, Revenue from Contracts with Customers . We are an “Emerging Growth Company,” as defined in the Jumpstart our Business Startups Act of 2012, and we may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies. Emerging Growth Companies can delay adopting new or revised accounting standards until such time as those standards apply to private companies. We have elected to avail ourselves to this exemption from new or revised accounting standards, which includes the adoption of ASU 2014-09. |
GOING CONCERN
GOING CONCERN | 12 Months Ended |
Dec. 31, 2018 | |
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, 2018 and a deficit of $429,370, or $0.009 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 $4,394, 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, 2018 | |
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, 2018, $347,864 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. $5,375 of the funds were for payment of an outstanding balance to DDC for software development. The accrued interest payable of the Convertible Notes as outlined below was $54,247. $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, 2018, the terms of the Note were extended to September 2, 2019. 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, 2018 the terms of the Note were extended to October 4, 2019. 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. On April 30, 2018, the terms of the Note were extended to April 30, 2019. 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. On September 8, 2018, the terms of the Note were extended to September 8, 2019. 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. On October 26, 2018, the terms of the Note were extended to October 26, 2019. 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 January 6, 2017. Under the terms of the note the principal sum and interest is to be repaid to Mr. Rheingrover by January 6, 2018 or is convertible at the conversion price of $0.15 per common stock share. On January 6, 2018, the terms of the Note were extended to January 6, 2019. The conversion price was considered by management to be a fair price. $10,000 of the funds are the result of a 10% Convertible Note issued on July 3, 2017. Under the terms of the note the principal sum and interest is to be repaid to Mr. Rheingrover by July 2, 2018 or is convertible at the conversion price of $0.15 per common stock share. On July 2, 2018, the terms of the Note were extended to July 2, 2019. The conversion price was considered by management to be a fair price. The conversion price was considered by management to be a fair price. $5,000 of the funds are the result of a 10% Convertible Note issued on October 3, 2017. Under the terms of the note the principal sum and interest is to be repaid to Mr. Rheingrover by October 2, 2018 or is convertible at the conversion price of $0.15 per common stock share. On October 3, 2018, the terms of the Note were extended to October 2, 2019. The conversion price was considered by management to be a fair price. $53,000 of the funds are the result of a 10% Convertible Note issued on March 30, 2018. Under the terms of the note the principal sum and interest is to be repaid to Mr. Rheingrover by March 29, 2019 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. $36,876 of the funds are the result of a 10% Convertible Note issued on June 30, 2018. Under the terms of the note the principal sum and interest is to be repaid to Mr. Rheingrover by June 30, 2019 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. $3,599 of the funds are the result of a 10% Convertible Note issued on September 30, 2018. Under the terms of the note the principal sum and interest is to be repaid to Mr. Rheingrover by September 30, 2019 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. $4,668 of the funds are the result of a 10% Convertible Note issued on December 22, 2018. Under the terms of the note the principal sum and interest is to be repaid to Mr. Rheingrover by December 21, 2019 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. 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, 2018 | |
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, 2018, the Company had 48,000,000 shares of common stock issued and outstanding. |
STOCKHOLDERS' EQUITY
STOCKHOLDERS' EQUITY | 12 Months Ended |
Dec. 31, 2018 | |
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, 2018: Common stock, $ 0.001 par value: 100,000,000 shares authorized; 48,000,000 shares issued and outstanding. |
PROVISION FOR INCOME TAXES
PROVISION FOR INCOME TAXES | 12 Months Ended |
Dec. 31, 2018 | |
Income Tax Disclosure [Abstract] | |
PROVISION FOR INCOME TAXES | NOTE 8. PROVISION FOR INCOME TAXES Realization of deferred tax assets is dependent upon sufficient future taxable income during the period that deductible temporary differences and carry-forwards are expected to be available to reduce taxable income. As the achievement of required future taxable income is uncertain, the Company recorded a valuation allowance. As of December 31, 2018, the Company had a net operating loss carry-forward of approximately $429,370. Net operating loss carry-forward, expires twenty years from the date the loss was incurred. The Company is subject to United States federal and state income taxes at an approximate rate of 21%. The reconciliation of the provision for income taxes at the United States federal statutory rate compared to the Company’s income tax expense as reported is as follows: December 31, 2018 December 31, 2017 Accumulated loss before income taxes per financial statements $ 55,617 $ 132,328 Income tax rate 21 % 21 % Income tax recovery (11,680 ) (27,789 ) Permanent differences - - Temporary differences - - Valuation allowance change 11,680 27,789 Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Deferred income taxes arise from temporary differences in the recognition of income and expenses for financials reporting and tax purposes. The significant components of deferred income tax assets and liabilities at December 31, 2018 are as follows: December 31, 2018 December 31, 2017 Net operating loss carryforward $ 90,138 $ 78,488 Valuation allowance (90,138 ) (78,488 ) Net deferred income tax asset $ - $ - The Company has recognized a valuation allowance for the deferred income tax asset since the Company cannot be assured that it is more likely than not that such benefit will be utilized in future years. The valuation allowance is reviewed annually. When circumstances change and which cause a change in management’s judgment about the realizability of deferred income tax assets, the impact of the change on the valuation allowance is generally reflected in current income. The Tax Cuts and Jobs Act enacted on December 22, 2017, reduced the U.S. federal corporate tax rate from 35% to 21%. The Company has not yet completed its full accounting for the effect of the Act and is therefore providing an estimate of the anticipated effect. The most substantial impact is the reduction of the existing deferred tax benefit by $31,400 as of December 31, 2017 due to the decrease in future tax rates. |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 12 Months Ended |
Dec. 31, 2018 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | NOTE 9. SUBSEQUENT EVENTS The Company evaluated all other events or transactions that occurred after December 31, 2018 up through date the Company issued these financial statements and found no subsequent event that needed to be reported. |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 12 Months Ended |
Dec. 31, 2018 | |
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 because the consideration of these shares would be anti-dilutive in periods of loss. If the company issues all shares convertible under the terms of the loans payable to Russell Rheingrover (see Related Party Transactions) the number of shares to be issued to Mr. Rheingrover would be 2,837,620 for the principal balance and 656,028 for the accrued interest if it is converted to shares. |
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 In accordance with ASC 605 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 Certain balances from prior periods have been reclassified in these audited financial statements to conform to current period presentation. This had no impact on prior reported assets, equity, or operations. |
Software Development Costs | Software Development Costs The company expenses software development costs in accordance with FASB ASC 985-20-25. All costs incurred to establish the technological feasibility of a computer software product to be sold, leased, or otherwise marketed are research and development costs. Once technological feasibility has been reached, but not before it is released to the public, the cost incurred for software development can be capitalized and amortized after release. The company incurred no software development costs during the fiscal year ended December 31, 2018 and $65,594 during the fiscal year ended December 31, 2017. |
Advertising Costs | Advertising Costs The company expenses advertising costs as they are incurred. The company incurred no advertising costs during the fiscal years ended December 31, 2018 and 2017. |
PROVISION FOR INCOME TAXES (Tab
PROVISION FOR INCOME TAXES (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Income Tax Disclosure [Abstract] | |
Schedule of reconciliation of income tax expense at the statutory rate to actual income tax expense | December 31, 2018 December 31, 2017 Accumulated loss before income taxes per financial statements $ 55,617 $ 132,328 Income tax rate 21 % 21 % Income tax recovery (11,680 ) (27,789 ) Permanent differences - - Temporary differences - - Valuation allowance change 11,680 27,789 |
Schedule of tax effects of temporary differences related to deferred taxes shown on the consolidated balance sheets | December 31, 2018 December 31, 2017 Net operating loss carryforward $ 90,138 $ 78,488 Valuation allowance (90,138 ) (78,488 ) Net deferred income tax asset $ - $ - |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Detail textuals) - USD ($) | 1 Months Ended | 12 Months Ended | |
Jan. 31, 2013 | Dec. 31, 2018 | Dec. 31, 2017 | |
Related Party Transaction [Line Items] | |||
Accrued interest | $ 54,247 | $ 28,333 | |
Software development costs | $ 65,594 | ||
Russell Rhiengrover | |||
Related Party Transaction [Line Items] | |||
Number of shares issued | 33,000,000 | 2,837,620 | |
Accrued interest | $ 656,028 |
GOING CONCERN (Detail Textuals)
GOING CONCERN (Detail Textuals) - USD ($) | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Going Concern [Abstract] | |||
Accumulated deficit | $ (429,370) | $ (373,754) | |
Deficit per share (in dollars per share) | $ 0.009 | ||
Cash | $ 4,394 | $ 3,824 | $ 4,037 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Detail Textuals) - USD ($) | 12 Months Ended | |||||||||||||
Dec. 31, 2018 | Dec. 22, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 30, 2018 | Dec. 31, 2017 | Oct. 03, 2017 | Jul. 03, 2017 | Jan. 06, 2017 | Oct. 26, 2016 | Sep. 08, 2016 | Apr. 30, 2016 | Oct. 05, 2015 | Sep. 03, 2015 | |
Related Party Transaction [Line Items] | ||||||||||||||
Due to related party | $ 293,617 | $ 190,100 | ||||||||||||
Accrued interest | 54,247 | $ 28,333 | ||||||||||||
Russell Rhiengrover | ||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||
Due to related party | 347,864 | |||||||||||||
Amount loaned to open bank account | $ 100 | |||||||||||||
Ownership percentage | 69.00% | |||||||||||||
Accrued interest | $ 656,028 | |||||||||||||
Payment of outstanding balance software development | 5,375 | |||||||||||||
Russell Rhiengrover | Convertible Note | ||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||
Convertible notes | $ 4,668 | $ 3,599 | $ 36,876 | $ 53,000 | $ 5,000 | $ 10,000 | $ 30,000 | $ 30,000 | $ 20,000 | $ 35,000 | $ 25,000 | $ 35,000 | ||
Accrued interest | $ 54,247 | |||||||||||||
Rate of convertible note issued | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | ||
Conversion price (in dollars per share) | $ 0.15 | $ 0.15 | $ 0.15 | $ 0.15 | $ 0.15 | $ 0.15 | $ 0.15 | $ 0.15 | $ 0.15 | $ 0.10 | $ 0.05 | $ 0.05 |
STOCK TRANSACTIONS (Detail Text
STOCK TRANSACTIONS (Detail Textuals) | 1 Months Ended | 12 Months Ended | ||
Oct. 31, 2014USD ($)Shareholder$ / sharesshares | Jan. 31, 2013USD ($)$ / sharesshares | Dec. 31, 2018shares | Dec. 31, 2017shares | |
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 | 2,837,620 | ||
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, 2018 | Dec. 31, 2017 |
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 |
PROVISION FOR INCOME TAXES (Det
PROVISION FOR INCOME TAXES (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Income Tax Disclosure [Abstract] | ||
Accumulated loss before income taxes per financial statements | $ 55,617 | $ 132,328 |
Income tax rate | 21.00% | 21.00% |
Income tax recovery | $ (11,680) | $ (27,789) |
Permanent differences | 0 | 0 |
Temporary differences | 0 | 0 |
Valuation allowance change | $ 11,680 | $ 27,789 |
PROVISION FOR INCOME TAXES (D_2
PROVISION FOR INCOME TAXES (Details 1) - USD ($) | Dec. 31, 2018 | Dec. 31, 2017 |
Income Tax Disclosure [Abstract] | ||
Net operating loss carryforward | $ 90,138 | $ 78,488 |
Valuation allowance | (90,138) | (78,488) |
Net deferred income tax asset | $ 0 | $ 0 |
PROVISION FOR INCOME TAXES (D_3
PROVISION FOR INCOME TAXES (Detail Textuals) - USD ($) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Income Tax [Line Items] | ||
Net operating loss carry-forward | $ 429,370 | |
US corporate income tax rate | 21.00% | 21.00% |
Reduction in deferred tax befefit | $ 31,400 | |
2017 | ||
Income Tax [Line Items] | ||
US corporate income tax rate | 35.00% | |
2018 | ||
Income Tax [Line Items] | ||
US corporate income tax rate | 21.00% |