Galenfeha (NGHI) 10-K 30 Mar 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Jun. 30, 2016	Mar. 30, 2015
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2015
Trading Symbol	glfh
Entity Registrant Name	Galenfeha, Inc.
Entity Central Index Key	1,574,676
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding			86,126,100
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well Known Seasoned Issuer	No
Entity Public Float		$ 0
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY

CONDENSED BALANCE SHEETS

CONDENSED BALANCE SHEETS - USD ($)	Dec. 31, 2015	Dec. 31, 2014
CURRENT ASSETS
Cash	$ 47,333	$ 94,668
Accounts receivable	107,424	0
Accounts receivable from related parties	336	113,506
Inventory	950,617	138,380
Prepaid expenses	10,083	0
Total current assets	1,115,793	346,554
FIXED ASSETS, net of accumulated depreciation of $21,419 and $7,452, respectively	187,386	185,105
OTHER ASSETS
Goodwill	389,839	0
Customer list, net of accumulated amortization of $5,928 and $0 respectively	16,870	0
Deposit on acquisition	0	66,000
Deposits	1,000	1,000
Total other assets	407,709	67,000
TOTAL ASSETS	1,710,888	598,659
CURRENT LIABILITIES
Accounts payable and accrued liabilities	228,014	34,309
Accounts payable to related parties	123,282	0
Current maturities of long term debt	195,771	4,741
Related party convertible promissory note, net of unamortized discounts of $0 and $106,057, respectively	125,000	143,493
Due to officer	0	24,316
Total current liabilities	672,067	206,859
LONG TERM DEBT	0	14,518
Total liabilities	672,067	221,377
STOCKHOLDERS' EQUITY
Common stock Authorized: 500,000,000 common shares, $0.001 par value, 86,126,100 issued and outstanding at December 31, 2015 and 77,812,000 issued and outstanding at December 31, 2014	86,126	77,812
Additional paid-in capital	3,162,529	909,988
Accumulated deficit	(2,209,834)	(610,518)
Total stockholders' equity	1,038,821	377,282
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 1,710,888	$ 598,659

CONDENSED BALANCE SHEETS (Paren

CONDENSED BALANCE SHEETS (Parenthetical) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$ 21,419	$ 7,452
Accumulated Amortization, Customer list	5,928	0
Net Discount	$ 0	$ 106,057
Common Stock, Shares Authorized	500,000,000	500,000,000
Common Stock, Par Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares, Issued	86,126,100	77,812,000
Common Stock, Shares, Outstanding	86,126,100	77,812,000

CONDENSED STATEMENTS OF OPERATI

CONDENSED STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Revenues:
Third Parties	$ 613,446	$ 0
Related Parties	676,838	280,063
Cost of Sales	958,604	213,660
Gross Profit	331,680	66,403
Operating Expenses:
General and administrative	509,913	175,466
Payroll expenses	904,935	231,228
Professional fees	194,002	45,948
Engineering research and development	174,465	58,848
Depreciation and amortization expense	24,390	7,717
Loss on sale of fixed assets	5,317	153
Total operating expenses	1,813,022	519,360
Loss from continuing operations	(1,481,342)	(452,957)
Other (expense) income
Interest income	44	63
Miscellaneous income	0	200
Interest expense	(118,018)	(21,329)
Total other (expense)	(117,974)	(21,066)
Net loss	$ (1,599,316)	$ (474,023)
Net loss per share, basic and diluted	$ (0.02)	$ (0.01)
Weighted average number of common shares outstanding, basic and diluted	85,415,212	70,206,685

CONDENSED STATEMENT OF CHANGES

CONDENSED STATEMENT OF CHANGES IN STOCKHOLDERS EQUITY - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Treasury Deficit [Member]	Total
Beginning Balance at Dec. 31, 2013	$ 52,152	$ 171,648	$ (136,495)	$ 87,305
Beginning Balance (Shares) at Dec. 31, 2013	52,152,000
Common shares issued for cash	$ 25,660	613,340		639,000
Common shares issued for cash (Shares)	25,660,000
Options expense				0
Common shares issued for services				0
Beneficial conversion feature of convertible promissory note		125,000		125,000
Common shares returned and cancelled				0
Loss for the period			(474,023)	(474,023)
Ending Balance at Dec. 31, 2014	$ 77,812	909,988	(610,518)	377,282
Ending Balance (Shares) at Dec. 31, 2014	77,812,000
Common shares issued for cash	$ 16,122	1,496,078		1,512,200
Common shares issued for cash (Shares)	16,122,000
Options expense		295,553		295,553
Common shares issued for services	$ 650	260,702		261,352
Common shares issued for services (Shares)	650,000
Common shares issued for acquisition of subsidiary	$ 767	190,983		191,750
Common shares issued for acquisition of subsidiary (Shares)	767,000
Common shares returned and cancelled	$ (9,225)	9,225		9,225
Common shares returned and cancelled (Shares)	(9,224,900)
Loss for the period			(1,599,316)	(1,599,316)
Ending Balance at Dec. 31, 2015	$ 86,126	$ 3,162,529	$ (2,209,834)	$ 1,038,821
Ending Balance (Shares) at Dec. 31, 2015	86,126,100

CONDENSED STATEMENTS OF CASH FL

CONDENSED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
OPERATING ACTIVITIES
Net loss	$ (1,599,316)	$ (474,023)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	24,390	7,717
Common shares issued for services	261,352	0
Options expense	295,553	0
Loss on sale of fixed assets	5,317	153
Amortization of debt discounts	106,507	18,493
Changes in Operating Assets and Liabilities:
(Increase) in accounts receivable	(107,424)	0
Decrease (increase) in accounts receivable from related party	113,170	(113,506)
Increase in inventory	(753,824)	(138,380)
Increase in prepaid expenses and other assets	(10,083)	(750)
Increase in accounts payable and accrued liabilities	193,705	29,129
Increase in accounts payable to related parties	123,282	0
Net cash used in operating activities	(1,347,371)	(671,167)
INVESTING ACTIVITIES
Purchase of fixed assets	(73,076)	(187,916)
Proceeds from sale of fixed assets	5,000	5,000
Cash paid for acquisition of subsidiary	(160,300)	(66,000)
Net cash used in investing activities	(228,376)	(248,916)
FINANCING ACTIVITIES
Proceeds from notes payable	267,573	20,000
Payments on notes payable	(133,152)	(740)
Proceeds from related party convertible promissory note	0	250,000
Payments on related party convertible promissory note	(125,000)	0
Borrowings on finance contracts	20,596	0
Payments on finance contracts	(13,805)	0
Net advance from officer	0	33,011
Proceeds from sale of common stock	1,512,200	639,000
Net cash provided by financing activities	1,528,412	941,271
NET (DECREASE) INCREASE IN CASH	(47,335)	21,188
CASH AT BEGINNING OF PERIOD	94,668	73,480
CASH AT END OF PERIOD	47,333	94,668
SUPPLEMENTAL INFORMATION
Interest expense	2,402	273
Income taxes	0	0
NONCASH INVESTING AND FINANCING ACTIVITIES
Return and cancellation of common stock	9,225	0
Common stock issued for acquisition of subsidiary	191,750	0
Note payable issued for acquisition of subsidiary	53,000	0
Deposit used for acquisition of subsidiary	66,000	0
Assumption of liabilities by an officer for disposal of fixed assets	$ 42,016	$ 0

NATURE OF BUSINESS

NATURE OF BUSINESS	12 Months Ended
	Dec. 31, 2015
NATURE OF BUSINESS [Text Block]	NOTE 1 - NATURE OF BUSINESS Galenfeha, Inc. was incorporated in the State of Nevada on March 14, 2013, as a for-profit company with a fiscal year end of December 31. Our business office is located at 420 Throckmorton Street, Suite 200, Ft. Worth, Texas 76102. We are an engineering company who provides engineering services and alternative power products. Since our inception, we have been providing contractual engineering services, implementing our new products and proprietary technology across multiple disciplines. On March 21, 2015 the Company completed its acquisition of Daylight Pumps, LLC (“Daylight”) for stock and cash. Daylight will continue to operate under its current name. Daylight produces injections pumps to the oil and gas industry. Our revenue stream comes from our contractual engineering services and products we develop and manufacture for natural gas producers, and various industries primarily in the states of Texas and Louisiana. Our engineering services and products reduce our customer’s cost associated with current energy production, including carbon footprint, hazardous waste, and other non-sustainable aspects of producing energy with current technologies.

GOING CONCERN

GOING CONCERN	12 Months Ended
	Dec. 31, 2015
GOING CONCERN [Text Block]	NOTE 2 - GOING CONCERN The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. The Company has incurred net losses and net cash used in operations since inception. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent upon the Company’s ability to achieve a level of profitability. The Company intends on financing its future development activities and its working capital needs largely from the sale of public equity securities with some additional funding from other traditional financing sources, including term notes until such time that funds provided by operations are sufficient to fund working capital requirements. The financial statements of the Company do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2015
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Text Block]	NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES BASIS OF PRESENTATION The Financial Statements and related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The Financial Statements have been prepared using the accrual basis of accounting in accordance with Generally Accepted Accounting Principles (“GAAP”) of the United States (See Note 2 regarding the assumption that the Company is a “going concern”). Certain prior period amounts have been reclassified to conform to current period presentation. PRINCIPLES OF CONSOLIDATION The consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, Daylight Pumps, Inc.. All significant inter-company accounts and transactions have been eliminated. USE OF ESTIMATES The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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. These estimates and assumptions also affect the reported amounts of revenues, costs, and expenses during the reporting period. Management evaluates these estimates and assumptions on a regular basis. Actual results could differ from those estimates. REVENUE RECOGNITION The Company recognizes revenue for sales and billing for freight charges upon delivery of the product to the customer at a fixed and determinable price with a reasonable assurance of collection, passage of title to the customer as indicated by shipping terms and fulfillment of all significant obligations, pursuant to the guidance provided by Accounting Standards Codification (“ASC”) Topic 605. For sales to all customers, including manufacturer representatives, distributors or their third-party customers, these criteria are met at the time product is delivered. When other significant obligations remain after products are delivered, revenue is recognized only after such obligations are fulfilled. In addition, judgments are required in evaluating the credit worthiness of our customers. Credit is not extended to customers and revenue is not recognized until we have determined that collectability is reasonably assured. The Company estimates customer product returns based on historical return patterns and reduces sales and cost of sales accordingly. During the year ended December 31, 2015, 52% of sales were to a single related party customer. In addition, one other third party customer contributed to 13% of total revenue in 2015. CASH AND CASH EQUIVALENTS All cash, other than held in escrow, is maintained with a major financial institution in the United States. Deposits with this bank may exceed the amount of insurance provided on such deposits. Temporary cash investments with an original maturity of three months or less are considered to be cash equivalents. Cash at December 31, 2015 and December 31, 2014 was $47,333 and $94,668, respectively. ACCOUNTS RECEIVABLE Accounts receivable represents the uncollected portion of amounts recorded as revenues. Management performs periodic analyses to evaluate all outstanding accounts receivable to estimate an allowance for doubtful accounts that may not be collectible, based on the best facts available to management. Management considers historical collection patterns, accounts receivable aging trends and specific identification of disputed invoices in its analyses. After all reasonable attempts to collect a receivable have failed, the receivable is directly written off. As of December 31, 2015 and December 31, 2014, the balance of the allowance for doubtful accounts was $0 and $0, respectively. As of December 31, 2015, accounts receivable from one third party customer comprised 81% of accounts receivable, while another third-party customer comprised 12% of accounts receivable. INVENTORIES Inventories are stated at the lower of cost, determined on a first-in, first-out basis (“FIFO”), or market, including direct material costs and direct and indirect manufacturing costs. Inventory consists of the following amounts as of December 31, 2015 and 2014. 2014 2015 Raw Materials $ 138,380 $ 311,673 Work In Process - - Finished Goods - 638,944 - Total Inventory $ 138,380 $ 950,617 PROPERTY AND INTANGIBLE ASSETS Property, plant and equipment is recorded at cost. Depreciation is computed using the straight-line method over estimated useful lives of three to ten years for furniture, fixtures, and equipment and forty years for improvements. Total depreciation and amortization expense related to property and equipment was $24,390 and $7,717 for the years ended December 31, 2015 and 2014. Expenditures for repairs and maintenance are charged to expense as incurred. Intangible asset consisted of a customer list acquired in the Daylight Pumps acquisition. Amortization is computed using the straight-line method over the estimated useful life of three years. Total amortization expense related to intangible asset was $5,928 and total depreciation expense related to property and equipment was $18,462 for the year ended December 31, 2015. IMPAIRMENT OF LONG-LIVED ASSETS The Company reviews and evaluates long-lived assets for impairment when events or changes in circumstances indicate the related carrying amounts may not be recoverable. An impairment loss is recognized when estimated future cash flows expected to result from the use of the asset and its eventual disposition is less than its carrying amount. When impairment is identified, the carrying amount of the asset is reduced to its estimated fair value. Assets to be disposed of are recorded at the lower of net book value or fair market value less cost to sell at the date management commits to a plan of disposal. There were no impairments to long-lived assets for the Company’s years ended December 31, 2015 or 2014. GOODWILL Goodwill is carried at cost and is not amortized. The Company tests goodwill for impairment on an annual basis at the end of each fiscal year, relying on a number of factors including operating results, business plans, economic projections, anticipated future cash flows, and marketplace date. Company management uses its judgment in assessing whether goodwill has become impaired between annual impairment tests according to specifications set forth in ASC 350. The Company completed an evaluation of goodwill at December 31, 2015 and 2014 and determined that there was no impairment. RESEARCH AND DEVELOPMENT COSTS Research and development costs, predominately internal labor costs and costs of materials, are charged to expense when incurred. ADVERITISING EXPENSES Advertising expenses are expensed as incurred. The Company expensed advertising costs of $93,112 and $4,779 for the years ended December 31, 2015 and 2014, respectively. SHIPPING AND HANDLING CHARGES The Company incurs costs related to shipping and handling of its manufactured products. These costs are expensed as incurred as a component of cost of sales. Shipping and handling charges related to the receipt of raw materials are also incurred, which are recorded as a cost of the related inventory. DEFERRED INCOME TAXES AND VALUATION ALLOWANCE The Company accounts for income taxes under FASB ASC 740 Topic “Income Taxes.” Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations. No deferred tax assets were recognized at December 31, 2015 and 2014. NET INCOME (LOSS) PER COMMON SHARE Net income (loss) per share is calculated in accordance with FASB ASC 260 topic, “Earnings Per Share.” The weighted-average number of common shares outstanding during each period is used to compute basic earning or loss per share. Diluted earnings or loss per share is computed using the weighted average number of shares and diluted potential common shares outstanding. Dilutive potential common shares are additional common shares assumed to be exercised. Basic net income (loss) per common share is based on the weighted average number of shares of common stock outstanding at December 31, 2015 and 2014. As of December 31, 2015 and 2014, the Company had no dilutive potential common shares. FAIR VALUE ACCOUNTING As required by the Fair Value Measurements and Disclosures Topic of the FASB ASC 820, fair value is measured based on a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows: (Level 1) observable inputs such as quoted prices in active markets; (Level 2) inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and (Level 3) unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions. The three levels of the fair value hierarchy are described below: Level 1 Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; Level 2 Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; Level 3 Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity). SHARE-BASED EXPENSES FASB ASC 718 “Compensation – Stock Compensation” prescribes accounting and reporting standards for all share-based payment transactions in which employee services are acquired. Transactions include incurring liabilities, or issuing or offering to issue shares, options, and other equity instruments such as employee stock ownership plans and stock appreciation rights. Share-based payments to employees, including grants of employee stock options, are recognized as compensation expense in the financial statements based on their fair values. That expense is recognized over the period during which an employee is required to provide services in exchange for the award, known as the requisite service period (usually the vesting period). The Company accounts for stock-based compensation issued to non-employees and consultants in accordance with the provisions of FASB ASC 505-50, “Equity – Based Payments to Non-Employees.” Measurement of share-based payment transactions with non-employees is based on the fair value of whichever is more reliably measurable: (a) the goods or services received; or (b) the equity instruments issued. The fair value of the share-based payment transaction is determined at the earlier of performance commitment date or performance completion date. Share-based expenses (including options and common stock) for the years ending December 31, 2015 and 2014 were $556,905 and $0, respectively. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS In June 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update (“ASU”) No. 2014-10, “Development Stage Entities (Topic 915), Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, "Consolidation” (“ASU 2014-10”). The amendments in ASU 2014-10 remove the definition of a development stage entity from the Master Glossary of the Accounting Standards Codification, thereby removing the financial reporting distinction between development stage entities and other reporting entities from accounting principles generally accepted in the United States of America (“U.S. GAAP”). In addition, the amendments eliminate the requirements for development stage entities to: (i) present inception-to-date information in the statements of income, cash flows, and shareholder equity; (ii) label the financial statements as those of a development stage entity; (iii) disclose a description of the development stage activities in which the entity is engaged; and (iv) disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage. The presentation and disclosure requirements in ASC Topic 915, "Development Stage Entities" are no longer required for interim and annual reporting periods beginning after December 15, 2014. The revised consolidation standards will take effect in annual periods beginning after December 15, 2015, however, early adoption is permitted. The Company has elected to early adopt the provisions of ASU 2014-10 for this audited condensed consolidated financial statements. In August 2014, the FASB issued ASU 2014-15, “Presentation of Financial Statements – Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern”. The new standard provides guidance as to management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern and to provide related footnote disclosures. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. Early adoption is permitted. The adoption of this standard is not expected to have a material impact on the Company's financial statements. The Company has elected to early adopt the provisions of ASU 2014-15 for these audited financial statements. Except for rules and interpretive releases of the SEC under authority of federal securities laws and a limited number of grandfathered standards, the FASB Accounting Standards Codification™ (“ASC”) is the sole source of authoritative GAAP literature recognized by the FASB and applicable to the Company. Management has reviewed the aforementioned rules and releases and believes any effect will not have a material impact on the Company’s present or future financial statements.

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	12 Months Ended
	Dec. 31, 2015
PROPERTY AND EQUIPMENT [Text Block]	NOTE 4 – PROPERTY AND EQUIPMENT Property and equipment are stated at cost, less accumulated depreciation. Depreciation is recorded using the straight-line method over the estimated useful lives of the related assets, ranging from three to forty years. A summary is as follows: December 31, 2015 December 31, 2014 Manufacturing assets $ 168,015 $ 120,835 Vehicles - 56,828 Furniture and equipment 19,318 8,614 Improvements 21,472 6,280 208,805 192,557 Less accumulated depreciation (21,419 ) (7,452 ) Property and equipment, net $ 187,386 $ 185,105 Depreciation expense related to property and equipment was $18,462 and $7,717 for the years ended December 31, 2015 and 2014, respectively. During the year ended December 31, 2015, James Ketner, former Chairman of the Board, purchased a GMC Truck and a Chrysler automobile from the company in exchange for the settlement of an officer loan in the amount of $24,316, a cash payment of $5,000 and the assumption of the note payable to Chrysler Capital in the amount of $17,700. These transactions resulted in a loss on the disposal of fixed assets of $5,317.

NOTES PAYABLE

NOTES PAYABLE	12 Months Ended
	Dec. 31, 2015
NOTES PAYABLE [Text Block]	NOTE 5 – NOTES PAYABLE The Company issued a convertible promissory note to a related party in 2014 for $250,000. The Company accounts for convertible notes payable in accordance with the guidelines established by the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) Topic 470-20, Debt with Conversion and Other Options. The Beneficial Conversion Feature ("BCF") of a convertible note is normally characterized as the convertible portion or feature of certain notes payable that provide a rate of conversion that is below market value or in-the-money when issued. The Company records a BCF related to the issuance of a convertible note when issued and also records the estimated fair value of any warrants issued with those convertible notes. Beneficial conversion features that are contingent upon the occurrence of a future event are recorded when the contingency is resolved. The BCF of a convertible note is measured by allocating a portion of the note's proceeds to the warrants, if applicable, and as a discount on the carrying amount of the convertible note equal to the intrinsic value of the conversion feature, both of which are credited to additional paid-in-capital. The value of the proceeds received from a convertible note is then allocated between the conversion features and warrants and the debt on an allocated fair value basis. The allocated fair value is recorded in the financial statements as a debt discount (premium) from the face amount of the note and such discount is amortized over the expected term of the convertible note (or to the conversion date of the note, if sooner) and is charged to interest expense. The intrinsic value of the beneficial conversion feature was determined to be $125,000 and the discount is being amortized over the one year life of the promissory note. As of December 31, 2015, $125,000 of the discount has been amortized as interest expense. Interest amortized for the years ended December 31, 2015 and 2014 was $106,507 and $18,493, respectively. The Company repaid $125,000 under this note during the year ended December 31, 2015 and the outstanding balance was $125,000 as of December 31, 2015. Interest expense accrued on the convertible promissory note was $11,699 and $2,589 for the years ended December 31, 2015 and 2014, respectively. The note matured on November 7, 2015 and is currently past due. The note is unsecured, bears interest at 7% per annum and is convertible into common stock at $0.50 per share. In 2015, the Company financed inventory purchased from Daylight Pumps in the related business combination in the amount of $53,000 which is payable to Warren T. Robertson. The note has an interest rate of 0.00%, payable in four payments of $13,250, by the end of each quarter, beginning April 1, 2105. The Company repaid $53,000 under this note during the year ended December 31, 2015 and the outstanding balance was $0 as of December 31, 2015. In 2015, the Company incurred a loan of $13,875 relating to commercial general liability insurance. The note has an interest rate of 8.00%, payable in payments of $1,439 for 10 months. Additionally the Company incurred a loan of $6,721 relating to workers compensation, commercial property, and commercial automobile insurance. The note has an interest rate of 0.00%, payable in payments of $1,703 for two months and $663 for five months. The outstanding balance on these finance agreements was $6,791 as of December 31, 2015. The Company incurred a loan of $78,593 on August 28, 2015 that is secured by customer purchase orders. The loan has an interest rate of 4.75% payable in four payment of $19,843 with the first payment due on December 28, 2015. Since the prior customer purchase orders had been fulfilled and paid, the loan of $78,593 was repaid by second loan of $88,980 on December 28, 2015 which was secured by current customer purchase orders. The second loan of $88,980 has an interest rate of $4.75% and is payable in one principal payment of $88,980 plus accrued interest on April 28, 2016. The outstanding balance on this loan was $88,980 as of December 31, 2015. During 2015, the Company made payments of $1,559 towards an outstanding note payable to Chrysler Capital in the amount of $19,259 as of December 31, 2014. The remaining balance of $17,700 was assumed by James Ketner, former Chairman of the Board (see Note 4) The Company also took out a line of credit of $100,000 on August 5, 2015 which is payable on demand. The line of credit is secured all present and future inventory, all present and future accounts receivable, other receivables, contract rights, instruments, documents, notes, and all other similar obligation and indebtedness that may now and in the future be owed to the Company, and all general intangibles. Additionally, the line of credit is secured by a deposit account held at the Grantor’s institution which had a cash balance of $11,499 as of December 31, 2015. Interest only payments were made during the year ended December 31, 2015. The outstanding balance on this line was $100,000 as of December 31, 2015. The current maturities and five year debt schedule for the notes and convertible notes is as follows: 2016 $ 320,771 2017 - 2018 - 2019 - Total current notes payable $ 320,771

SHAREHOLDERS EQUITY

SHAREHOLDERS EQUITY	12 Months Ended
	Dec. 31, 2015
SHAREHOLDERS EQUITY [Text Block]	NOTE 6 - SHAREHOLDERS’ EQUITY COMMON STOCK The authorized common stock of the Company consists of 500,000,000 shares with a par value of $0.001. On February 17, 2015, the Company sold 1,350,000 shares of its common stock to one private investor at a price of $0.10 per share, for a total of $135,000. Between February 2 and April 27, 2015, the Company sold 10,272,000 shares of common stock to 117 private investors at a fixed price of $0.10 per share, or an aggregate sale price of $1,027,200. On September 18, 2015, the Company sold 2,000,000 shares of its common stock to an entity controlled by former Board Chairman James Ketner at a price of $0.05 per share, for a total of $100,000. On September 24, 2015, the Company sold 2,500,000 shares of common stock to Galenfeha President/CEO Lucien Marioneaux, Jr. at a fixed price of $0.10 per share, for a total of $250,000. These purchases were made pursuant to the board resolution ratified on August 28, 2015 for affiliate stock purchase. In October 2014, the Company entered into an agreement for the issuance of 1,000,000 common shares for CAD/CAM Engineering Design Services for GLFH1200 series battery development. The shares vest in equal installments of 250,000 each year following the date of the agreement. On May 1, 2015, the Company issued 250,000 shares under this award. During the year ended December 31, 2015, $141,352 was expensed under this award and $58,573 remains to be expensed over the remaining service period. On July 1, 2015, the Company issued 400,000 shares of common stock for legal services rendered valued at $120,000. The $120,000 was expensed during the year ended December 31, 2015. Following the passing of Director Richard G. Owston on June 20, 2015, 5,124,900 shares of common stock were returned to the Company’s treasurer and cancelled, pursuant to the lockup agreement signed by all Directors and filed with the SEC on October 25, 2013. During the year ended December 31, 2015, the Company issued 767,000 common shares for the acquisition of its subsidiary, valued at $191,750 (see Note 8). Following the tendered resignation of James Ketner, Chairman of the Board on December 31, 2015, 4,100,000 shares of common stock were returned to the Company’s treasurer and cancelled, pursuant to the lockup agreement signed by all Directors and filed with the SEC on October 25, 2014. During 2014 the Company sold 25,660,000 shares to seventy-nine private investors. The Company sold 25,160,000 of those shares to seventy-eight private investors at a price of $.025 per share, or an aggregate sale price of $629,000. The Company sold 500,000 of the shares to one private investor at a price of $.020 per share, or an aggregate sale price of $10,000. On October 7, 2013, the Company subscribed 900,000 shares of common stock at $0.025 per share for total proceeds of $22,500. The shares were issued on March 27, 2014. OPTIONS During the year ended December 31, 2015, the Company granted an aggregate of 2,050,000 options to a military sales representative and three employees. Col. Ashton Naylor (Ret) received 100,000 options exercisable at $0.25 per share, Chris Watkins received 750,000 options exercisable at $0.25 per share, Jeff Roach received 1,000,000 options exercisable at $0.20 per share, and Brian Nallin received 200,000 options exercisable at $0.20 per share. These options expire on April 1, 2016; June 11, 2020, February 1, 2017, and December 31, 2017 respectively. The options granted to Brian Nallin vest immediately and the other options vest in equal tranches over periods ranging from 2 to 5 years. The aggregate fair value of the option grants was determined to be $430,839 using the Black-Scholes Option Pricing Model and the following assumptions: volatilities between 218% and 396%, risk free rates between . 27% and 1.74%, expected terms between 1 and 5 years and zero expected dividends. The fair value of the award is being expensed over the vesting periods. $295,553 was expensed during the year ended December 31, 2015 and $135,286 will be expensed over the remaining vesting period. As of December 31, 2015, there were 2,050,000 options outstanding of which 925,000 were exercisable. The range of exercise prices and remaining weighted average life of the options outstanding at December 31, 2015 were $0.20 to $0.25 and 2.37 years, respectively. The aggregate intrinsic value of the outstanding options at December 31, 2015 was $0.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2015
COMMITMENTS AND CONTINGENCIES [Text Block]	NOTE 7 - COMMITMENTS AND CONTINGENCIES The Company entered into two lease agreement for office and research/warehouse facilities in Louisiana. The office lease is $10,200 per year for 24 months beginning May 1, 2014. The research/warehouse facility lease is $2,600 per month for 24 months beginning on November 1, 2014. The Company also entered into a lease agreement for facilities in Arkansas. This lease is for $750 per month, payable in quarterly payment of $2,250, due at the first of each quarter. This lease has no term. The lease was terminated during the second quarter of 2015. Additionally, the Company leases space in Fort Worth, Texas for corporate facilities for $99 monthly or $1,188 per year. The terms of this lease are also month to month. Year Ended Amount 2016 29,400 2017 - 2018 - 2019 - 2020 - $ 29,400 From time to time the Company may be a party to litigation matters involving claims against the Company. Management believes that there are no current matters that would have a material effect on the Company’s financial position or results of operations.

BUSINESS COMBINATION

BUSINESS COMBINATION	12 Months Ended
	Dec. 31, 2015
BUSINESS COMBINATION [Text Block]	NOTE 8 – BUSINESS COMBINATION On March 21, 2015, the Company completed its acquisition of Daylight Pumps, LLC, a corporation organized under the laws of Arkansas. The acquisition was for the business process and inventory assets. Consideration was $226,300 in cash (of which $66,000 was paid as a deposit in 2014), a note payable of $53,000 and 767,700 common shares of stock. Upon evaluation of the inventory and customer list, it was determined fair market values were $58,413 and $22,798, respectively, with the balance considered additional goodwill in the transaction. The stock consideration was determined at the price of $0.25 as traded on March 21, 2015. The acquisition was reported as follows: March 21, 2015 Inventory assets $ 58,413 Customer list 22,798 81,211 Cash for consideration 226,300 Note payable 53,000 Fair value of stock for consideration 191,750 Total Consideration 471,050 Goodwill $ 389,839 We have not included unaudited pro forma results of operations data for the year ended December 31, 2015 and 2014 as if the Company and the entity described above had been combined on January 1, 2014, because historical financial information of Daylight Pumps, LLC prior to the date of acquisition was not available.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2015
RELATED PARTY TRANSACTIONS [Text Block]	NOTE 9 – RELATED PARTY TRANSACTIONS On November 1, 2014, the Company entered into a Convertible Promissory Note Agreement with Ray Moore Sr., a related party, in the amount of $250,000. The note bears an interest rate of 7% per annum until paid in full. Repayment of the loan is due on or before November 7, 2015. The lender shall have the right to convert this indebtedness to equity shares of Galenfeha at the rate of one share per $.50 of indebtedness for a total of 500,000 shares upon the expiration date, or at any time the Lender desired for the relieve of indebtedness of Maker. As of December 31, 2015, the principal and interest due on the note is $136,699 (the accrued interest of $11,699 is presented as accounts payable to related parties in the consolidated balance sheet). Falcon Resources, LLC & MarionAv, LLC are two companies owned by Board Member, Trey Moore, and CEO/President, Lucien Marioneaux, Jr., respectively. These related party entities provide flight services to employees and directors of the Company. The total amount paid for flight services to Falcon Resources, LLC and MarionAv, LLC for the year ended December 31, 2015 totaled $18,838 and $2,343, respectively. The outstanding payable balance to Falcon and MarionAv was $3,511 and $1,388, respectively, as of December 31, 2015. As of December 31, 2013, the Company had advanced funds to Mr. Ketner of $8,695. During 2014, Mr. Ketner reimbursed the Company for the $8,695 and advanced the Company $24,316. Mr. Ketner has not requested repayment of the advance. On June 5, 2015 James Ketner, former Chairman of the Board, purchased a GMC Truck back from the company for gross proceeds of $5,000. Additionally, on June 30, 2015 Mr. Ketner purchased back a Chrysler automobile from the company in exchange for an officer loan in the amount of $24,316 and assumption of the note payable to Chrysler Capital in the amount of $17,700. These transactions resulted in a loss on the disposal of fixed assets of $5,317. Galenfeha sells a portion of its finished goods to Fleaux Services, LLC, a company owned by Board Member, Trey Moore. During the year ended December 31, 2015, sales to the related company totaled $670,838. As of December 31, 2015, the Company had outstanding receivables from the related party company of $336. As of December 31, 2015, the Company had an outstanding accounts payable balance to Fleaux Services, LLC totaling $28,744. During the year ended December 31, 2015, the Company purchased $25,500 of engineering research & development services rendered and $9,359 of shop supplies form Fleaux Services, LLC. Galenfeha purchases component parts used in the assembly of inventory items from River Cities Machine, LLC, a company owned by CEO/President, Lucien Marioneaux, Jr. During the year ended December 31, 2015 purchases from the related company totaled $202,258 ; of which $76,441 was shown as an outstanding accounts payable balance to related parties as of December 31, 2015. In addition, during 2015, the Company generated revenue of $6,000 from Lucien Marioneaux, Jr. Other outstanding accounts payable balances to related parties totaled $6,398 as of December 31, 2015. The amounts are unsecured, due on demand and bear no interest. Beginning in July of 2015, the Company agreed to pay a consulting fee of $8,000 per month to KTNR, Inc., a related party entity owed by the former Chairman of the Board, James Ketner. Total consulting fees paid during the year ended December 31, 2015 totaled $56,000. The consulting agreement with KTNR, Inc. terminated on December 31, 2015 when James Ketner, former Chairman of the Board, tendered his resignation. On September 18, 2015, the Company sold 2,000,000 shares of its common stock to an entity former Board Chairman, James Ketner, controls at a price of $0.05 per share, for a total of $100,000. On September 24, 2015, the Company sold 2,500,000 shares of common stock to Galenfeha President/CEO Lucien Marioneaux, Jr. at a fixed price of $0.10 per share, for a total of $250,000. These purchases were made pursuant to the board resolution ratified on August 28, 2015 for affiliate stock purchase. As of December 31, 2015, the Company had an outstanding payable to Lucien Marioneaux of $1,500.

INCOME TAX

INCOME TAX	12 Months Ended
	Dec. 31, 2015
INCOME TAX [Text Block]	NOTE 10 – INCOME TAX We did not provide any current or deferred U.S. federal income tax provision or benefit for any of the periods presented because we have experienced operating losses since inception. When it is more likely than not that a tax asset cannot be realized through future income the Company must allow for this future tax benefit. We provided a full valuation allowance on the net deferred tax asset, consisting of net operating loss carry forward, because management has determined that it is more likely than not that we will not earn income sufficient to realize the deferred tax assets during the carry forward period. The Company has not taken a tax position that, if challenged, would have a material effect on the financial statements for the period March 14, 2013 (date of inception) through December 31, 2015 applicable under FASB ASC 740. We did not recognize any adjustment to the liability for uncertain tax position and therefore did not record any adjustment to the beginning balance of accumulated deficit on the consolidated balance sheet. The Company is in the process of filing appropriate returns for the Company. The component of the Company’s deferred tax assets as of December 31, 2015 and 2014 are as follows: 2015 2014 Net operating loss carry forward $ 541,247 $ 213,681 Valuation allowance $ (541,247 ) (213,681 ) Net deferred tax asset $ - $ - The approximate net operating loss carry forward was approximately $1,550,000 as of December 31, 2015 and will start to expire in 2033. The Company did not pay any income taxes during 2015 or 2014.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2015
SUBSEQUENT EVENTS [Text Block]	NOTE 11 – SUBSEQUENT EVENTS On January 15, 2016 the Company’s line of credit was increased from $100,000 to $200,000. The Company withdrew an additional $70,000 in funds from the line of credit and paid loan origination and documentation fees of $1,000 at closing to bring the total outstanding line of credit balance to $171,000 as of January 15, 2016. Under the terms of the new agreement the loan is a fixed rate ( 4.75%) revolving line of credit loan to the Company for $200,000 due on January 15, 2017. The Company issued a convertible promissory note in February of 2016 for $275,000. The consideration is $250,000 with a $25,000 prorated original issue discount. The maturity date shall be two years from the date of each payment of consideration. A one-time interest charge of six percent shall be applied on the issuance date to the original principal amount. Interest hereunder shall be paid on the maturity date. Conversion price shall equal 70% of the lowest trade occurring during the 25 consecutive trading days immediately preceding the applicable conversion date on which the holder elects to convert all or part of this note. The Company issued another convertible promissory note in March of 2016 for $500,000. The consideration is $450,000 with a $50,000 original issue discount. The principal sum due to the investor shall be based on the consideration actually paid by the investor as well as any other interest or fees such that the issuer is only required to repay the amount funded and the issuer is not required to repay any unfunded portion of the note. The maturity date is two years from the effective date. The conversion price is 60% of the lowest price in the 25 trading days previous to the conversion. The issuer may repay this note at any time on or before 90 days from the effective date. If the issuer repays a payment of consideration on or before 90 days from the effective date, the interest rate on that payment shall be zero percent. If the issuer does not repay on or before 90 days from the notes effective date, a on-time interest charge of 12% shall be applied to the principal sum.

Summary of Significant Accoun18

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2015
BASIS OF PRESENTATION [Policy Text Block]	BASIS OF PRESENTATION The Financial Statements and related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The Financial Statements have been prepared using the accrual basis of accounting in accordance with Generally Accepted Accounting Principles (“GAAP”) of the United States (See Note 2 regarding the assumption that the Company is a “going concern”). Certain prior period amounts have been reclassified to conform to current period presentation.
PRINCIPLES OF CONSOLIDATION [Policy Text Block]	PRINCIPLES OF CONSOLIDATION The consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, Daylight Pumps, Inc.. All significant inter-company accounts and transactions have been eliminated.
USE OF ESTIMATES [Policy Text Block]	USE OF ESTIMATES The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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. These estimates and assumptions also affect the reported amounts of revenues, costs, and expenses during the reporting period. Management evaluates these estimates and assumptions on a regular basis. Actual results could differ from those estimates.
REVENUE RECOGNITION [Policy Text Block]	REVENUE RECOGNITION The Company recognizes revenue for sales and billing for freight charges upon delivery of the product to the customer at a fixed and determinable price with a reasonable assurance of collection, passage of title to the customer as indicated by shipping terms and fulfillment of all significant obligations, pursuant to the guidance provided by Accounting Standards Codification (“ASC”) Topic 605. For sales to all customers, including manufacturer representatives, distributors or their third-party customers, these criteria are met at the time product is delivered. When other significant obligations remain after products are delivered, revenue is recognized only after such obligations are fulfilled. In addition, judgments are required in evaluating the credit worthiness of our customers. Credit is not extended to customers and revenue is not recognized until we have determined that collectability is reasonably assured. The Company estimates customer product returns based on historical return patterns and reduces sales and cost of sales accordingly. During the year ended December 31, 2015, 52% of sales were to a single related party customer. In addition, one other third party customer contributed to 13% of total revenue in 2015.
CASH AND CASH EQUIVALENTS [Policy Text Block]	CASH AND CASH EQUIVALENTS All cash, other than held in escrow, is maintained with a major financial institution in the United States. Deposits with this bank may exceed the amount of insurance provided on such deposits. Temporary cash investments with an original maturity of three months or less are considered to be cash equivalents. Cash at December 31, 2015 and December 31, 2014 was $47,333 and $94,668, respectively.
ACCOUNTS RECEIVABLE [Policy Text Block]	ACCOUNTS RECEIVABLE Accounts receivable represents the uncollected portion of amounts recorded as revenues. Management performs periodic analyses to evaluate all outstanding accounts receivable to estimate an allowance for doubtful accounts that may not be collectible, based on the best facts available to management. Management considers historical collection patterns, accounts receivable aging trends and specific identification of disputed invoices in its analyses. After all reasonable attempts to collect a receivable have failed, the receivable is directly written off. As of December 31, 2015 and December 31, 2014, the balance of the allowance for doubtful accounts was $0 and $0, respectively. As of December 31, 2015, accounts receivable from one third party customer comprised 81% of accounts receivable, while another third-party customer comprised 12% of accounts receivable.
INVENTORIES [Policy Text Block]	INVENTORIES Inventories are stated at the lower of cost, determined on a first-in, first-out basis (“FIFO”), or market, including direct material costs and direct and indirect manufacturing costs. Inventory consists of the following amounts as of December 31, 2015 and 2014. 2014 2015 Raw Materials $ 138,380 $ 311,673 Work In Process - - Finished Goods - 638,944 - Total Inventory $ 138,380 $ 950,617
PROPERTY [Policy Text Block]	PROPERTY AND INTANGIBLE ASSETS Property, plant and equipment is recorded at cost. Depreciation is computed using the straight-line method over estimated useful lives of three to ten years for furniture, fixtures, and equipment and forty years for improvements. Total depreciation and amortization expense related to property and equipment was $24,390 and $7,717 for the years ended December 31, 2015 and 2014. Expenditures for repairs and maintenance are charged to expense as incurred. Intangible asset consisted of a customer list acquired in the Daylight Pumps acquisition. Amortization is computed using the straight-line method over the estimated useful life of three years. Total amortization expense related to intangible asset was $5,928 and total depreciation expense related to property and equipment was $18,462 for the year ended December 31, 2015.
IMPAIRMENT OF LONG-LIVED ASSETS [Policy Text Block]	IMPAIRMENT OF LONG-LIVED ASSETS The Company reviews and evaluates long-lived assets for impairment when events or changes in circumstances indicate the related carrying amounts may not be recoverable. An impairment loss is recognized when estimated future cash flows expected to result from the use of the asset and its eventual disposition is less than its carrying amount. When impairment is identified, the carrying amount of the asset is reduced to its estimated fair value. Assets to be disposed of are recorded at the lower of net book value or fair market value less cost to sell at the date management commits to a plan of disposal. There were no impairments to long-lived assets for the Company’s years ended December 31, 2015 or 2014.
GOODWILL [Policy Text Block]	GOODWILL Goodwill is carried at cost and is not amortized. The Company tests goodwill for impairment on an annual basis at the end of each fiscal year, relying on a number of factors including operating results, business plans, economic projections, anticipated future cash flows, and marketplace date. Company management uses its judgment in assessing whether goodwill has become impaired between annual impairment tests according to specifications set forth in ASC 350. The Company completed an evaluation of goodwill at December 31, 2015 and 2014 and determined that there was no impairment.
RESEARCH AND DEVELOPMENT COSTS [Policy Text Block]	RESEARCH AND DEVELOPMENT COSTS Research and development costs, predominately internal labor costs and costs of materials, are charged to expense when incurred.
ADVERTISING [Policy Text Block]	ADVERITISING EXPENSES Advertising expenses are expensed as incurred. The Company expensed advertising costs of $93,112 and $4,779 for the years ended December 31, 2015 and 2014, respectively.
SHIPPING AND HANDLING CHARGES [Policy Text Block]	SHIPPING AND HANDLING CHARGES The Company incurs costs related to shipping and handling of its manufactured products. These costs are expensed as incurred as a component of cost of sales. Shipping and handling charges related to the receipt of raw materials are also incurred, which are recorded as a cost of the related inventory.
NET INCOME (LOSS) PER COMMON SHARE [Policy Text Block]	NET INCOME (LOSS) PER COMMON SHARE Net income (loss) per share is calculated in accordance with FASB ASC 260 topic, “Earnings Per Share.” The weighted-average number of common shares outstanding during each period is used to compute basic earning or loss per share. Diluted earnings or loss per share is computed using the weighted average number of shares and diluted potential common shares outstanding. Dilutive potential common shares are additional common shares assumed to be exercised. Basic net income (loss) per common share is based on the weighted average number of shares of common stock outstanding at December 31, 2015 and 2014. As of December 31, 2015 and 2014, the Company had no dilutive potential common shares.
FAIR VALUE ACCOUNTING [Policy Text Block]	FAIR VALUE ACCOUNTING As required by the Fair Value Measurements and Disclosures Topic of the FASB ASC 820, fair value is measured based on a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows: (Level 1) observable inputs such as quoted prices in active markets; (Level 2) inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and (Level 3) unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions. The three levels of the fair value hierarchy are described below: Level 1 Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; Level 2 Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; Level 3 Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity).
DEFERRED INCOME TAXES AND VALUATION ALLOWANCE [Policy Text Block]	DEFERRED INCOME TAXES AND VALUATION ALLOWANCE The Company accounts for income taxes under FASB ASC 740 Topic “Income Taxes.” Under the asset and liability method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations. No deferred tax assets were recognized at December 31, 2015 and 2014.
SHARE-BASED EXPENSES [Policy Text Block]	SHARE-BASED EXPENSES FASB ASC 718 “Compensation – Stock Compensation” prescribes accounting and reporting standards for all share-based payment transactions in which employee services are acquired. Transactions include incurring liabilities, or issuing or offering to issue shares, options, and other equity instruments such as employee stock ownership plans and stock appreciation rights. Share-based payments to employees, including grants of employee stock options, are recognized as compensation expense in the financial statements based on their fair values. That expense is recognized over the period during which an employee is required to provide services in exchange for the award, known as the requisite service period (usually the vesting period). The Company accounts for stock-based compensation issued to non-employees and consultants in accordance with the provisions of FASB ASC 505-50, “Equity – Based Payments to Non-Employees.” Measurement of share-based payment transactions with non-employees is based on the fair value of whichever is more reliably measurable: (a) the goods or services received; or (b) the equity instruments issued. The fair value of the share-based payment transaction is determined at the earlier of performance commitment date or performance completion date. Share-based expenses (including options and common stock) for the years ending December 31, 2015 and 2014 were $556,905 and $0, respectively.
RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS [Policy Text Block]	RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS In June 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update (“ASU”) No. 2014-10, “Development Stage Entities (Topic 915), Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, "Consolidation” (“ASU 2014-10”). The amendments in ASU 2014-10 remove the definition of a development stage entity from the Master Glossary of the Accounting Standards Codification, thereby removing the financial reporting distinction between development stage entities and other reporting entities from accounting principles generally accepted in the United States of America (“U.S. GAAP”). In addition, the amendments eliminate the requirements for development stage entities to: (i) present inception-to-date information in the statements of income, cash flows, and shareholder equity; (ii) label the financial statements as those of a development stage entity; (iii) disclose a description of the development stage activities in which the entity is engaged; and (iv) disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage. The presentation and disclosure requirements in ASC Topic 915, "Development Stage Entities" are no longer required for interim and annual reporting periods beginning after December 15, 2014. The revised consolidation standards will take effect in annual periods beginning after December 15, 2015, however, early adoption is permitted. The Company has elected to early adopt the provisions of ASU 2014-10 for this audited condensed consolidated financial statements. In August 2014, the FASB issued ASU 2014-15, “Presentation of Financial Statements – Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern”. The new standard provides guidance as to management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern and to provide related footnote disclosures. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. Early adoption is permitted. The adoption of this standard is not expected to have a material impact on the Company's financial statements. The Company has elected to early adopt the provisions of ASU 2014-15 for these audited financial statements. Except for rules and interpretive releases of the SEC under authority of federal securities laws and a limited number of grandfathered standards, the FASB Accounting Standards Codification™ (“ASC”) is the sole source of authoritative GAAP literature recognized by the FASB and applicable to the Company. Management has reviewed the aforementioned rules and releases and believes any effect will not have a material impact on the Company’s present or future financial statements.

SUMMARY OF SIGNIFICANT ACCOUN19

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2015
Schedule of Inventory, Current [Table Text Block]	2014 2015 Raw Materials $ 138,380 $ 311,673 Work In Process - - Finished Goods - 638,944 - Total Inventory $ 138,380 $ 950,617

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2015
Schedule of Property, Plant and Equipment [Table Text Block]	December 31, 2015 December 31, 2014 Manufacturing assets $ 168,015 $ 120,835 Vehicles - 56,828 Furniture and equipment 19,318 8,614 Improvements 21,472 6,280 208,805 192,557 Less accumulated depreciation (21,419 ) (7,452 ) Property and equipment, net $ 187,386 $ 185,105

NOTES PAYABLE (Tables)

NOTES PAYABLE (Tables)	12 Months Ended
	Dec. 31, 2015
Schedule of Debt [Table Text Block]	2016 $ 320,771 2017 - 2018 - 2019 - Total current notes payable $ 320,771

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2015
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Year Ended Amount 2016 29,400 2017 - 2018 - 2019 - 2020 - $ 29,400

BUSINESS COMBINATION (Tables)

BUSINESS COMBINATION (Tables)	12 Months Ended
	Dec. 31, 2015
Business Combination, Segment Allocation [Table Text Block]	March 21, 2015 Inventory assets $ 58,413 Customer list 22,798 81,211 Cash for consideration 226,300 Note payable 53,000 Fair value of stock for consideration 191,750 Total Consideration 471,050 Goodwill $ 389,839

INCOME TAX (Tables)

INCOME TAX (Tables)	12 Months Ended
	Dec. 31, 2015
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	2015 2014 Net operating loss carry forward $ 541,247 $ 213,681 Valuation allowance $ (541,247 ) (213,681 ) Net deferred tax asset $ - $ -

SUMMARY OF SIGNIFICANT ACCOUN25

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details)	12 Months Ended
	Dec. 31, 2015USD ($)
Summary Of Significant Accounting Policies 1	52.00%
Summary Of Significant Accounting Policies 2	13.00%
Summary Of Significant Accounting Policies 3	$ 47,333
Summary Of Significant Accounting Policies 4	94,668
Summary Of Significant Accounting Policies 5	0
Summary Of Significant Accounting Policies 6	$ 0
Summary Of Significant Accounting Policies 7	81.00%
Summary Of Significant Accounting Policies 8	12.00%
Summary Of Significant Accounting Policies 9	$ 24,390
Summary Of Significant Accounting Policies 10	7,717
Summary Of Significant Accounting Policies 11	5,928
Summary Of Significant Accounting Policies 12	18,462
Summary Of Significant Accounting Policies 12	93,112
Summary Of Significant Accounting Policies 13	4,779
Summary Of Significant Accounting Policies 14	556,905
Summary Of Significant Accounting Policies 15	$ 0

PROPERTY AND EQUIPMENT (Narrati

PROPERTY AND EQUIPMENT (Narrative) (Details)	12 Months Ended
	Dec. 31, 2015USD ($)
Property And Equipment 1	$ 18,462
Property And Equipment 2	7,717
Property And Equipment 3	24,316
Property And Equipment 4	5,000
Property And Equipment 5	17,700
Property And Equipment 6	$ 5,317

NOTES PAYABLE (Narrative) (Deta

NOTES PAYABLE (Narrative) (Details)	12 Months Ended
	Dec. 31, 2015USD ($)mo$ / shares
Notes Payable 1	$ 250,000
Notes Payable 2	125,000
Notes Payable 3	125,000
Notes Payable 4	106,507
Notes Payable 5	18,493
Notes Payable 6	125,000
Notes Payable 7	125,000
Notes Payable 8	11,699
Notes Payable 9	$ 2,589
Notes Payable 10 | $ / shares	$ 0.50
Notes Payable 10	$ 53,000
Notes Payable 11	0.00%
Notes Payable 12	$ 13,250
Notes Payable 13	53,000
Notes Payable 14	0
Notes Payable 15	$ 13,875
Notes Payable 16	8.00%
Notes Payable 17	$ 1,439
Notes Payable 18 | mo	10
Notes Payable 19	$ 6,721
Notes Payable 20	0.00%
Notes Payable 21	$ 1,703
Notes Payable 22	663
Notes Payable 23	6,791
Notes Payable 24	$ 78,593
Notes Payable 25	4.75%
Notes Payable 26	$ 19,843
Notes Payable 27	78,593
Notes Payable 28	88,980
Notes Payable 29	88,980
Notes Payable 30	4.75
Notes Payable 31	88,980
Notes Payable 32	88,980
Notes Payable 34	1,559
Notes Payable 35	19,259
Notes Payable 36	17,700
Notes Payable 33	100,000
Notes Payable 34	11,499
Notes Payable 35	$ 100,000

SHAREHOLDERS EQUITY (Narrative)

SHAREHOLDERS EQUITY (Narrative) (Details)	12 Months Ended
	Dec. 31, 2015USD ($)yr$ / sharesshares
Shareholders Equity 1 | shares	500,000,000
Shareholders Equity 2 | $	$ 0.001
Shareholders Equity 3 | shares	1,350,000
Shareholders Equity 4 | $ / shares	$ 0.10
Shareholders Equity 5 | $	$ 135,000
Shareholders Equity 6 | shares	10,272,000
Shareholders Equity 7	117
Shareholders Equity 8 | $ / shares	$ 0.10
Shareholders Equity 9 | $	$ 1,027,200
Shareholders Equity 10 | shares	2,000,000
Shareholders Equity 11 | $ / shares	$ 0.05
Shareholders Equity 12 | $	$ 100,000
Shareholders Equity 13 | shares	2,500,000
Shareholders Equity 14 | $ / shares	$ 0.10
Shareholders Equity 15 | $	$ 250,000
Shareholders Equity 16 | shares	1,000,000
Shareholders Equity 17	250,000
Shareholders Equity 18 | shares	250,000
Shareholders Equity 19 | $	$ 141,352
Shareholders Equity 20 | $	$ 58,573
Shareholders Equity 21 | shares	400,000
Shareholders Equity 22 | $	$ 120,000
Shareholders Equity 23 | $	$ 120,000
Shareholders Equity 24 | shares	5,124,900
Shareholders Equity 25 | shares	767,000
Shareholders Equity 26 | $	$ 191,750
Shareholders Equity 27 | shares	4,100,000
Shareholders Equity 28 | shares	25,660,000
Shareholders Equity 29	25,160,000
Shareholders Equity 30 | $ / shares	$ 0.025
Shareholders Equity 31 | $	$ 629,000
Shareholders Equity 32	500,000
Shareholders Equity 33 | $ / shares	$ 0.020
Shareholders Equity 34 | $	$ 10,000
Shareholders Equity 35 | shares	900,000
Shareholders Equity 36 | $ / shares	$ 0.025
Shareholders Equity 37 | $	$ 22,500
Shareholders Equity 38 | shares	2,050,000
Shareholders Equity 39 | shares	100,000
Shareholders Equity 40 | $ / shares	$ 0.25
Shareholders Equity 41 | shares	750,000
Shareholders Equity 42 | $ / shares	$ 0.25
Shareholders Equity 43 | shares	1,000,000
Shareholders Equity 44 | $ / shares	$ 0.20
Shareholders Equity 45 | shares	200,000
Shareholders Equity 46 | $ / shares	$ 0.20
Shareholders Equity 47	2
Shareholders Equity 48 | yr	5
Shareholders Equity 49 | $	$ 430,839
Shareholders Equity 50	218.00%
Shareholders Equity 51	396.00%
Shareholders Equity 52	27.00%
Shareholders Equity 53	1.74%
Shareholders Equity 54	1
Shareholders Equity 55 | yr	5
Shareholders Equity 56 | $	$ 295,553
Shareholders Equity 57 | $	$ 135,286
Shareholders Equity 58 | shares	2,050,000
Shareholders Equity 59	925,000
Shareholders Equity 60 | $	$ 0.20
Shareholders Equity 61 | $	$ 0.25
Shareholders Equity 62 | yr	2.37
Shareholders Equity 63 | $	$ 0

COMMITMENTS AND CONTINGENCIES29

COMMITMENTS AND CONTINGENCIES (Narrative) (Details)	12 Months Ended
	Dec. 31, 2015USD ($)mo$ / yr$ / mo
Commitments And Contingencies 1 | $ / yr	10,200
Commitments And Contingencies 2 | mo	24
Commitments And Contingencies 3 | $ / mo	2,600
Commitments And Contingencies 4 | mo	24
Commitments And Contingencies 5 | $ / mo	750
Commitments And Contingencies 6 | $	$ 2,250
Commitments And Contingencies 7 | $	$ 99
Commitments And Contingencies 8 | $ / yr	1,188

BUSINESS COMBINATION (Narrative

BUSINESS COMBINATION (Narrative) (Details)	12 Months Ended
	Dec. 31, 2015USD ($)shares
Business Combination 1	$ 226,300
Business Combination 2	66,000
Business Combination 3	$ 53,000
Business Combination 4 | shares	767,700
Business Combination 5	$ 58,413
Business Combination 6	22,798
Business Combination 7	$ 0.25

RELATED PARTY TRANSACTIONS (Nar

RELATED PARTY TRANSACTIONS (Narrative) (Details)	12 Months Ended
	Dec. 31, 2015USD ($)$ / shares$ / moshares
Related Party Transactions 1	$ 250,000
Related Party Transactions 2	7.00%
Related Party Transactions 3	$ 0.50
Related Party Transactions 4 | shares	500,000
Related Party Transactions 5	$ 136,699
Related Party Transactions 6	11,699
Related Party Transactions 7	18,838
Related Party Transactions 8	2,343
Related Party Transactions 9	3,511
Related Party Transactions 10	1,388
Related Party Transactions 9	8,695
Related Party Transactions 10	8,695
Related Party Transactions 11	24,316
Related Party Transactions 12	5,000
Related Party Transactions 13	24,316
Related Party Transactions 14	17,700
Related Party Transactions 15	5,317
Related Party Transactions 16	670,838
Related Party Transactions 17	336
Related Party Transactions 18	28,744
Related Party Transactions 19	25,500
Related Party Transactions 20	9,359
Related Party Transactions 21	202,258
Related Party Transactions 22	76,441
Related Party Transactions 25	6,000
Related Party Transactions 23	$ 6,398
Related Party Transactions 24 | $ / mo	8,000
Related Party Transactions 25	$ 56,000
Related Party Transactions 26 | shares	2,000,000
Related Party Transactions 27 | $ / shares	$ 0.05
Related Party Transactions 28	$ 100,000
Related Party Transactions 29 | shares	2,500,000
Related Party Transactions 30 | $ / shares	$ 0.10
Related Party Transactions 31	$ 250,000
Related Party Transactions 35	$ 1,500

INCOME TAX (Narrative) (Details

INCOME TAX (Narrative) (Details)	12 Months Ended
	Dec. 31, 2015USD ($)
Income Tax 1	$ 1,550,000

SUBSEQUENT EVENTS (Narrative) (

SUBSEQUENT EVENTS (Narrative) (Details)	12 Months Ended
	Dec. 31, 2015USD ($)d
Subsequent Events 1	$ 100,000
Subsequent Events 2	200,000
Subsequent Events 3	70,000
Subsequent Events 4	1,000
Subsequent Events 5	$ 171,000
Subsequent Events 6	4.75%
Subsequent Events 7	$ 200,000
Subsequent Events 8	275,000
Subsequent Events 9	250,000
Subsequent Events 10	$ 25,000
Subsequent Events 11	70.00%
Subsequent Events 12	25
Subsequent Events 13	$ 500,000
Subsequent Events 14	450,000
Subsequent Events 15	$ 50,000
Subsequent Events 16	60.00%
Subsequent Events 17 | d	90
Subsequent Events 18 | d	90
Subsequent Events 19 | d	90
Subsequent Events 20	12.00%

Schedule of Inventory, Current

Schedule of Inventory, Current (Details)	12 Months Ended
	Dec. 31, 2015USD ($)
Summary Of Significant Accounting Policies Inventory Policy 1	$ 138,380
Summary Of Significant Accounting Policies Inventory Policy 2	311,673
Summary Of Significant Accounting Policies Inventory Policy 3	0
Summary Of Significant Accounting Policies Inventory Policy 4	0
Summary Of Significant Accounting Policies Inventory Policy 5	0
Summary Of Significant Accounting Policies Inventory Policy 6	638,944
Summary Of Significant Accounting Policies Inventory Policy 7	0
Summary Of Significant Accounting Policies Inventory Policy 8	138,380
Summary Of Significant Accounting Policies Inventory Policy 9	$ 950,617

Schedule of Property, Plant and

Schedule of Property, Plant and Equipment (Details)	12 Months Ended
	Dec. 31, 2015USD ($)
Property And Equipment Schedule Of Property, Plant And Equipment 1	$ 168,015
Property And Equipment Schedule Of Property, Plant And Equipment 2	120,835
Property And Equipment Schedule Of Property, Plant And Equipment 3	0
Property And Equipment Schedule Of Property, Plant And Equipment 4	56,828
Property And Equipment Schedule Of Property, Plant And Equipment 5	19,318
Property And Equipment Schedule Of Property, Plant And Equipment 6	8,614
Property And Equipment Schedule Of Property, Plant And Equipment 7	21,472
Property And Equipment Schedule Of Property, Plant And Equipment 8	6,280
Property And Equipment Schedule Of Property, Plant And Equipment 9	208,805
Property And Equipment Schedule Of Property, Plant And Equipment 10	192,557
Property And Equipment Schedule Of Property, Plant And Equipment 11	(21,419)
Property And Equipment Schedule Of Property, Plant And Equipment 12	(7,452)
Property And Equipment Schedule Of Property, Plant And Equipment 13	187,386
Property And Equipment Schedule Of Property, Plant And Equipment 14	$ 185,105

Schedule of Debt (Details)

Schedule of Debt (Details)	12 Months Ended
	Dec. 31, 2015USD ($)
Notes Payable Schedule Of Debt 1	$ 320,771
Notes Payable Schedule Of Debt 2	0
Notes Payable Schedule Of Debt 3	0
Notes Payable Schedule Of Debt 4	0
Notes Payable Schedule Of Debt 5	$ 320,771

Schedule of Future Minimum Rent

Schedule of Future Minimum Rental Payments for Operating Leases (Details)	12 Months Ended
	Dec. 31, 2015USD ($)
Commitments And Contingencies Schedule Of Future Minimum Rental Payments For Operating Leases 1	$ 29,400
Commitments And Contingencies Schedule Of Future Minimum Rental Payments For Operating Leases 2	0
Commitments And Contingencies Schedule Of Future Minimum Rental Payments For Operating Leases 3	0
Commitments And Contingencies Schedule Of Future Minimum Rental Payments For Operating Leases 4	0
Commitments And Contingencies Schedule Of Future Minimum Rental Payments For Operating Leases 5	0
Commitments And Contingencies Schedule Of Future Minimum Rental Payments For Operating Leases 6	$ 29,400

Business Combination, Segment A

Business Combination, Segment Allocation (Details)	12 Months Ended
	Dec. 31, 2015USD ($)
Business Combination Business Combination, Segment Allocation 1	$ 58,413
Business Combination Business Combination, Segment Allocation 2	22,798
Business Combination Business Combination, Segment Allocation 3	81,211
Business Combination Business Combination, Segment Allocation 4	226,300
Business Combination Business Combination, Segment Allocation 5	53,000
Business Combination Business Combination, Segment Allocation 6	191,750
Business Combination Business Combination, Segment Allocation 7	471,050
Business Combination Business Combination, Segment Allocation 8	$ 389,839

Schedule of Deferred Tax Assets

Schedule of Deferred Tax Assets and Liabilities (Details)	12 Months Ended
	Dec. 31, 2015USD ($)
Income Tax Schedule Of Deferred Tax Assets And Liabilities 1	$ 541,247
Income Tax Schedule Of Deferred Tax Assets And Liabilities 2	213,681
Income Tax Schedule Of Deferred Tax Assets And Liabilities 3	(541,247)
Income Tax Schedule Of Deferred Tax Assets And Liabilities 4	(213,681)
Income Tax Schedule Of Deferred Tax Assets And Liabilities 5	0
Income Tax Schedule Of Deferred Tax Assets And Liabilities 6	$ 0