ECO Integrated 10-Q 13 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Jul. 15, 2015
Document And Entity Information [Abstract]
Entity Registrant Name	ECO Integrated Technologies, Inc.
Entity Central Index Key	1,586,609
Trading Symbol	ecoi
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		9,593,529
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Amendment Flag	false
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Current Assets:
Cash	$ 216,104	$ 433,045
Prepaid expenses and other current assets	4,575	12,886
Total current assets	220,679	445,931
Furniture and equipment, net	26,178	21,167
Licensing fee	175,000	175,000
Other assets	166,199	2,500
TOTAL ASSETS	588,056	644,598
Current Liabilities:
Accounts payable and accrued expenses	155,277	31,498
Note payable	17,578	51,970
Total current liabilities	172,855	$ 83,468
Note payable, net of current portion	32,995
TOTAL LIABILITIES	205,850	$ 83,468
STOCKHOLDERS' EQUITY:
Preferred stock, $0.0001 par value, 20,000,000 shares authorized, 1,000,000 and 1,000,000 shares issued and outstanding	100	100
Common stock, $0.0001 par value, 100,000,000 shares authorized, 9,593,529 and 7,899,787 shares issued and outstanding	959	790
Additional paid-in capital	6,094,396	2,121,752
Accumulated deficit	(5,713,249)	(1,561,512)
Total stockholders' equity	382,206	561,130
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 588,056	$ 644,598

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parentheticals) - $ / shares	Jun. 30, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares issued	1,000,000	1,000,000
Preferred stock, shares outstanding	1,000,000	1,000,000
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	9,593,529	7,899,787
Common stock, shares outstanding	9,593,529	7,899,787

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Statement [Abstract]
Sales
Cost of goods sold
Gross profit
Operating expenses:
General and administrative expenses	$ 288,458	$ 39,060	$ 619,044	$ 72,277
Stock-based compensation	182,008		3,298,278
Write down of assets	117,987	$ 2,025	231,986	$ 14,670
Total operating expenses	588,453	41,085	4,149,308	86,947
Loss from operations	(588,453)	$ (41,085)	(4,149,308)	$ (86,947)
Other income (expense)
Interest expense	(1,341)		(2,429)
Total other income (expense)	(1,341)		(2,429)
Loss before provision for income taxes	$ (589,794)	$ (41,085)	$ (4,151,737)	$ (86,947)
Provision for income taxes
Net loss	$ (589,794)	$ (41,085)	$ (4,151,737)	$ (86,947)
Weighted average shares outstanding:
Basic (in shares)	8,702,323	3,000,000	8,385,184	3,000,000
Diluted (in shares)	8,702,323	3,000,000	8,385,184	3,000,000
Loss per share
Basic (in dollars per share)	$ (0.07)	$ (0.01)	$ (0.50)	$ (0.03)
Diluted (in dollars per share)	$ (0.07)	$ (0.01)	$ (0.50)	$ (0.03)

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
OPERATING ACTIVITIES:
Net loss	$ (4,151,737)	$ (86,947)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	2,522
Stock-based compensation	3,298,278
Write down of assets	231,986	$ 14,670
Change in current assets and liabilities:
Prepaid expenses and other assets	8,311
Accounts payable and accrued expenses	123,779	$ (4,195)
Net cash used in operating activities	(486,861)	(76,472)
INVESTING ACTIVITIES:
Issuance of notes receivable	(231,986)	$ (14,670)
Payment for furniture and equipment	(7,533)
Payment for other assets	(163,699)
Net cash used in investing activities	$ (403,218)	$ (14,670)
FINANCING ACTIVITIES:
Proceeds from note payable		$ 91,177
Repayment of note payable	$ (1,397)
Proceeds from issuance of common stock	674,535
Net cash provided by financing activities	673,138	$ 91,177
NET INCREASE (DECREASE) IN CASH	(216,941)	$ 35
CASH, BEGINNING BALANCE	433,045
CASH, ENDING BALANCE	$ 216,104	$ 35
CASH PAID FOR:
Interest
Income taxes

Organization, Basis of Presenta

Organization, Basis of Presentation and Significant Accounting Policies	6 Months Ended
	Jun. 30, 2015
Organization, Basis Of Presentation And Significant Accounting Policies [Abstract]
Organization, Basis of Presentation and Significant Accounting Policies	Note 1 - Organization, Basis of Presentation and Significant Accounting Policies The unaudited condensed consolidated financial statements were prepared by ECO Integrated Technologies, Inc., pursuant to the rules and regulations of the Securities Exchange Commission (“SEC”). The information furnished herein reflects all adjustments (consisting of normal recurring accruals and adjustments) which are, in the opinion of management, necessary to fairly present the operating results for the respective periods. Certain information and footnote disclosures normally present in annual consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) were omitted pursuant to such rules and regulations. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and footnotes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. The results for the six months ended June 30, 2015, are not necessarily indicative of the results to be expected for the year ending December 31, 2015. Organization and Line of Business ECO Integrated Technologies, Inc., formerly known as Thunder Run Acquisition Corporation (“ECO Integrated” or “the Company”) was incorporated on July 2, 2013 under the laws of the state of Delaware to engage in any lawful corporate undertaking, including, but not limited to, selected mergers and acquisitions. ECO Waste Conversion Las Vegas, LLC (“ECO Waste”) was organized on June 29, 2012 under the laws of the state of Nevada. In August 2014, (i) the Company redeemed, at par value, 19,500,000 shares of its common stock, (ii) the Company issued, at par value, 3,000,000 shares of its common stock to the sole owner of ECO Waste, (iii) the officers and directors of the Company resigned and a new officer and director was appointed, and (iv) the Company changed its name to ECO Waste Conversion Solutions Corporation (collectively, the “Change of Control”). Following the Change of Control, the Company acquired 100% ownership of ECO Waste in exchange for the issuance of ten shares of common stock (the “Share Exchange”). Upon completion of the Change of Control, the Company had an aggregate of 3,500,000 shares of common stock issued and outstanding. In connection with the Change of Control, ECO Waste paid $100,000 for services in becoming a public reporting company, including the Change of Control. The exchange of shares with ECO Waste was accounted for as a reverse acquisition under the purchase method of accounting since ECO Waste obtained control of the Company. Accordingly, the exchange was recorded as a recapitalization of ECO Waste, ECO Waste being treated as the continuing entity. The historical financial statements presented are the financial statements of ECO Waste. The share exchange agreement has been treated as a recapitalization and not as a business combination; therefore, no pro forma information is disclosed. At the date of this transaction, the net assets of the legal acquirer, ECO Integrated, were $0. As a result of the reverse merger transactions described above the historical financial statements presented are those of ECO Waste, the operating entity. The Company is focused on acquiring and/or developing and commercializing a portfolio of state-of-the-art and environmentally friendly waste handling and treatment solutions by establishing facilities and contracting with governmental and private industry entities to convert waste streams into commercial by-products. The Company’s technology portfolio presently includes (i) certain preferred pricing and other rights in SonCav – a patented water treatment technology, and (ii) a license to utilize a patented technology, referred to as “TCOM” – or Thermal Conversion of Organic Materials, to convert a wide spectrum of waste feedstock into salable by-products, principally carbon, synthetic fuel, synthetic gas and electric power, utilizing pressure, heat and a catalyst. The Company plans to deploy its technologies to (i) establish SonCav as a market leading solution for waste water treatment and desalination; and (ii) establish one or more TCOM facilities, initially targeting the Las Vegas market, to handle waste streams and produce salable by-products. The Company intends to continue to work with the developers of SonCav and TCOM to prove the commercial viability of those technologies and further define the Company’s rights to deploy those technologies. The Company plans to supplement its existing technologies with other complementary environmentally-friendly technologies and solutions to provide a suite of solutions to ever increasing municipal and private industry waste challenges. Basis of Presentation The accompanying condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, ECO Waste and ECO Management, LLC, and have been prepared in conformity with accounting principles generally accepted in the United States of America. All significant intercompany transactions and balances have been eliminated. Going Concern These condensed consolidated financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The Company is unlikely to pay dividends or generate significant earnings in the immediate or foreseeable future. The continuation of the Company as a going concern is dependent upon the Company obtaining necessary equity and debt financing until it can generate sustainable revenue. There is no guarantee that the Company will be able to raise adequate equity or debt financing or generate profitable operations. For the six months ended June 30, 2015 and the year ended December 31, 2014, the Company incurred a net loss of $4,151,737 and $1,381,406, respectively, and had negative cash flows from operations of $486,861 and $512,185, respectively. As of June 30, 2015 and December 31, 2014 the Company had an accumulated deficit of $5,713,249 and $1,561,512, respectively. Additionally, the Company has contracted to acquire and develop a facility in Las Vegas at an estimated cost of $32 million. The Company has posted a non-refundable deposit of $100,000 against the $6.75 million purchase price of the facility but presently lacks the financial resources to consummate either the purchase or development of the facility. These condensed consolidated financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. Management intends to raise additional funds through equity or debt financing and to generate cash from the sale of the Company’s products, including products derived from the planned operation of the Las Vegas facility. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions. These estimates and assumptions 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. It is possible that accounting estimates and assumptions may be material to the Company due to the levels of subjectivity and judgment involved. Subsequent Events The Company has evaluated all transactions from June 30, 2015 through the financial statement issuance date for subsequent event disclosure consideration. Recent Accounting Pronouncements No accounting standards or interpretations issued recently are expected to a have a material impact on our consolidated financial position, operations or cash flows.

Furniture and Equipment

Furniture and Equipment	6 Months Ended
	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
Furniture and Equipment	Note 2 – Furniture and Equipment The following are the details of the property, equipment and improvements at June 30, 2015 and December 31, 2014: June 30, December 31, 2015 2014 Furniture and fixtures $ 7,582 $ 7,582 Equipment 21,294 13,761 28,876 21,343 Less accumulated depreciation (2,698 ) (176 ) Furniture and equipment, net $ 26,178 $ 21,167 Depreciation expense for the six months ended June 30, 2015 and 2014 was $2,522 and $0, respectively.

Other Assets

Other Assets	6 Months Ended
	Jun. 30, 2015
Other Assets [Abstract]
Other Assets	Note 3 – Other Assets Waste Conversion Facility — North Las Vegas The Company entered into a Purchase and Sale Agreement in February 2015 to acquire a developed location that is expected to house its planned initial waste conversion facility in North Las Vegas, Nevada. The acquisition price for the 18.28 acre developed site is $6,750,000, of which a deposit $100,000 was paid to open escrow, with an anticipated closing date of the purchase in September subject to securing financing to support the acquisition. Subject to securing funding to finance the site acquisition, site modifications and equipment purchases, the Company intends to initially install four 3.5 ton TCOM Processors with an output consisting of synthetic fuel, synthetic gas, and various grades of carbon. Final design and engineering are underway and the exact configuration and specifications are not yet completed. The estimated timeline for manufacturing and installation of the required equipment and certain building modifications to meet the operational requirements of a TCOM facility is approximately nine months from securing the funding required. At June 30, 2015, other assets consisted of the $100,000 deposit mentioned above and $66,199 of engineering, consulting and other costs associated with the Las Vegas waste conversion facility.

Notes Receivable

Notes Receivable	6 Months Ended
	Jun. 30, 2015
Notes Receivable [Abstract]
Notes Receivable	Note 4 – Notes Receivable Notes receivable at June 30, 2015 and December 31, 2014 consisted of the following: June 30, December 31, 2015 2014 CGTC/Lurvey $ 123,313 $ 88,979 EETIL 160,625 116,123 Brasil Plus 160,663 32,513 SonCav, LLC 25,000 - 469,601 237,615 Allowance for uncollectible balances (469,601 ) (237,615 ) Total notes receivable $ - $ - Carbon Geo-Tek Consultants, Inc. (“CGTC”) and Lurvey Advances The Company has, from time to time, advanced funds to GCTC and Mr. Lurvey to facilitate efforts to upgrade a facility in Hawaii, securing third party certification and advance a planned Hawaiian joint venture. The loans are undocumented, unsecured and have no specific repayment terms. Balance of $123,313 and 88,979 at June 30, 2015 and December 31, 2014, respectively, was written off by the Company. ECO Enviro Technologies International Limited (“EETIL”) Loan Under the EETIL Loan Agreement, the Company agreed to provide certain loans for use in development of facilities in international markets pending receipt of third party financing. The loans bear interest at 10% per annum and are repayable on December 31, 2016 or earlier from operating profits or the receipt of third party financing. As further consideration for the loans, the Company was issued a five year warrant to acquire, at $0.01 per share, a non-diluting equity ownership interest in EETIL at the rate of 0.5% for each $10,000 of principal amount loaned. Balance of $160,625 and $116,123 at June 30, 2015 and December 31, 2014, respectively, was written off by the Company. Brasil Plus Loan Under the Brasil Plus Loan Agreement, the Company agreed to provide certain loans for use in development of facilities in South American markets pending receipt of third party financing. The loans bear interest at 10% per annum and are repayable on December 31, 2016 or earlier from operating profits or the receipt of third party financing. As further consideration for the loans, the Company was issued a five year warrant to acquire, at $0.01 per share, a non-diluting equity ownership interest in Brasil Plus at the rate of 0.5% for each $10,000 of principal amount loaned. Balance of $160,663 and $32,513 at June 30, 2015 and December 31, 2014, respectively was written off by the Company. SonCav, LLC Loan In April 2015, the Company loaned $25,000 to SonCav LLC. The loan is repayable, at 110% of face amount, on September 30, 2015 and is convertible, at the Company’s option, into a 0.25% interest in SonCav LLC. Pursuant to that loan, the Company’s rights to acquire SonCav Generators at preferred pricing was increased from five units to ten units per year from 2015 through 2019. Balance of $25,000 at June 30, 2015 was written off by the Company. In connection with our lending arrangements with CGTC/Lurvey, EETIL, Brasil Plus and SonCav, LLC, the Company has certain rights to either convert loans to equity or to acquire equity in two of those entities. Because each of those entities is in a development stage and currently lacks sufficient assets or operating cash flows to repay the amounts advanced, the Company has recorded a charge to fully write down the amounts advanced to those entities.

Notes Payable

Notes Payable	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Notes Payable	Note 5 – Notes Payable Notes payable at June 30, 2015 and December 31, 2014 consisted of the following: June 30, December 31, 2015 2014 Payable to an unaffiliated individual; the note was modified to call for monthly payments of $1,602 with any unpaid principal and interest due on April 30, 2018; interest at 7% per annum and unsecured $ 50,573 $ 51,970 Total 50,573 51,970 Less current portion 17,578 51,970 Long-term portion $ 32,995 $ -

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2015
Stockholders' Equity Note [Abstract]
Stockholders' Equity	Common stock The Company has authorized the issuance of 100,000,000 shares of common stock, $0.0001 par value. At June 30, 2015 and December 31, 2014, the Company had 9,593,529 and 7,899,787, respectively, shares of common stock issued and outstanding. During the six months ended June 30, 2015, the Company issued 1,393,742 shares of common stock for cash proceeds of $674,535. In addition, the Company also issued 150,000 shares of common stock to employees and 150,000 shares to consultants for services rendered valued at $60,000 each or a total of $120,000. The value of the shares was determined based on the recent price for which the Company sold shares of common stock. Stock options and warrants The following is a summary of stock option and warrant activity: Weighted Weighted Average Options/ Average Remaining Aggregate Warrants Exercise Contractual Intrinsic Outstanding Price Life Value Outstanding, December 31, 2014 - Granted 10,988,400 $ 0.535 Forfeited - Exercised - Outstanding, June 30, 2015 10,988,400 $ 0.535 4.72 $ - Exercisable, June 30, 2015 10,138,400 $ 0.535 4.72 $ - The exercise price for options/warrants outstanding and exercisable at June 30, 2015 is as follows: Outstanding Exercisable Number of Number of Options/ Exercise Options/ Exercise Warrants Price Warrants Price 230,000 $ 0.520 230,000 $ 0.520 10,753,400 0.535 9,903,400 0.535 5,000 1.500 5,000 1.500 10,988,400 10,138,400 For options/warrants granted during 2015 where the exercise price equaled the stock price at the date of the grant, the weighted-average fair value of such options/warrants was $0.31 and the weighted-average exercise price of such options/warrants was $0.535. For options/warrants granted during 2015 where the exercise price was greater than the stock price at the date of the grant, the weighted-average fair value of such options/warrants was $0.23 and the weighted-average exercise price of such options/warrants was $1.50. No options/warrants were granted during 2015 where the exercise price was less than the stock price at the date of grant. The fair value of the stock options/warrants is being amortized to stock option expense over the vesting period. The Company recorded stock option expense of $3,178,278 and $0 during the six months ended June 30, 2015 and 2014, respectively. At June 30, 2015, the unamortized stock option expense was $248,997 which will be amortized to expense through June 30, 2017. The assumptions used in calculating the fair value of options granted using the Black-Scholes option- pricing model for options/warrants granted are as follows: Risk-free interest rate 0.25% Expected life of the options/warrants 2.5 to 3.5 years Expected volatility 100% Expected dividend yield 0%

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 7 – Commitments and Contingencies Lease agreement The Company currently leases approximately 2,400 square feet of office space in Irvine, California as its executive offices under a sublease agreement. The terms of the agreement are month-to-month, at the option of the Company, through October 31, 2016. The current monthly rental under the lease is $4,958, which increased to $5,100 as of August 1, 2015 and increases to $5,264 if the Company elects to stay beyond July 31, 2016. Rent expense for the six months ended June 30, 2015 and 2014 was $30,292 and $0, respectively. Employment Agreements In January 2015, the Company appointed additional officers and entered into employment agreements with each of its four executive officers, Jess Rae Booth, Steve Rockey, Walter Carlson and Kristin Johnston. The Employment Agreement of Mr. Booth has a term of four years and the Employment Agreements of Messrs. Rockey and Carlson and Ms. Johnston each have a term of three years. Following the initial terms of those agreements, unless extended, each of the subject officers’ employment continues on an “at-will” basis. Each of the agreements provides for an annual salary, participation in all employment benefit plans maintained by the Company, including a group medical plan and severance pay ranging from one to five months, depending upon the term of service, in the event the Company terminates employment without cause or the employee terminates for good reason. Additionally, the officers may participate in any incentive compensation plan and performance bonus plan adopted by the Company. The Employment Agreements fix base salaries of the officers at levels escalating on a quarterly basis during 2015 and semi-annually during 2016 and 2017. Annualized base salaries of the officers are: Jess Rae Booth — $134,500 in 2015; $180,000 in 2016; and $219,000 in 2017; each of Messrs. Rockey and Carlson and Ms. Johnston — $110,000 in 2015; $138,000 in 2016; and $177,000 in 2017. License Fees The Company entered into a license agreement with the developer and patent-holder on the TCOM technology. As consideration for the license and associated services, we are obligated to pay the following fees with respect to TCOM facilities: • Prepaid License Fee: • Additional Licensing Fee: • Production Royalties: • Las Vegas Prepaid License Fee: As of June 30, 2015 and December 31, 2014, the Company had prepaid a licensing fee of $175,000 relating to the planned North Las Vegas TCOM Facility.

Organization, Basis of Presen13

Organization, Basis of Presentation and Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, ECO Waste and ECO Management, LLC, and have been prepared in conformity with accounting principles generally accepted in the United States of America. All significant intercompany transactions and balances have been eliminated.
Going Concern	Going Concern These condensed consolidated financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The Company is unlikely to pay dividends or generate significant earnings in the immediate or foreseeable future. The continuation of the Company as a going concern is dependent upon the Company obtaining necessary equity and debt financing until it can generate sustainable revenue. There is no guarantee that the Company will be able to raise adequate equity or debt financing or generate profitable operations. For the six months ended June 30, 2015 and the year ended December 31, 2014, the Company incurred a net loss of $4,151,737 and $1,381,406, respectively, and had negative cash flows from operations of $486,861 and $512,185, respectively. As of June 30, 2015 and December 31, 2014 the Company had an accumulated deficit of $5,713,249 and $1,561,512, respectively. Additionally, the Company has contracted to acquire and develop a facility in Las Vegas at an estimated cost of $32 million. The Company has posted a non-refundable deposit of $100,000 against the $6.75 million purchase price of the facility but presently lacks the financial resources to consummate either the purchase or development of the facility. These condensed consolidated financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. Management intends to raise additional funds through equity or debt financing and to generate cash from the sale of the Company’s products, including products derived from the planned operation of the Las Vegas facility.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions. These estimates and assumptions 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. It is possible that accounting estimates and assumptions may be material to the Company due to the levels of subjectivity and judgment involved.
Subsequent Events	Subsequent Events The Company has evaluated all transactions from June 30, 2015 through the financial statement issuance date for subsequent event disclosure consideration.
Recent Accounting Pronouncements	Recent Accounting Pronouncements No accounting standards or interpretations issued recently are expected to a have a material impact on our consolidated financial position, operations or cash flows.

Furniture and Equipment (Tables

Furniture and Equipment (Tables)	6 Months Ended
	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
Schedule of property, equipment and improvements	June 30, December 31, 2015 2014 Furniture and fixtures $ 7,582 $ 7,582 Equipment 21,294 13,761 28,876 21,343 Less accumulated depreciation (2,698 ) (176 ) Furniture and equipment, net $ 26,178 $ 21,167

Notes Receivable (Tables)

Notes Receivable (Tables)	6 Months Ended
	Jun. 30, 2015
Notes Receivable [Abstract]
Schedule of notes receivable	June 30, December 31, 2015 2014 CGTC/Lurvey $ 123,313 $ 88,979 EETIL 160,625 116,123 Brasil Plus 160,663 32,513 SonCav, LLC 25,000 - 469,601 237,615 Allowance for uncollectible balances (469,601 ) (237,615 ) Total notes receivable $ - $ -

Notes Payable (Tables)

Notes Payable (Tables)	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Notes payable	June 30, December 31, 2015 2014 Payable to an unaffiliated individual; the note was modified to call for monthly payments of $1,602 with any unpaid principal and interest due on April 30, 2018; interest at 7% per annum and unsecured $ 50,573 $ 51,970 Total 50,573 51,970 Less current portion 17,578 51,970 Long-term portion $ 32,995 $ -

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2015
Stockholders' Equity Note [Abstract]
Summary of stock option and warrant activity	Weighted Weighted Average Options/ Average Remaining Aggregate Warrants Exercise Contractual Intrinsic Outstanding Price Life Value Outstanding, December 31, 2014 - Granted 10,988,400 $ 0.535 Forfeited - Exercised - Outstanding, June 30, 2015 10,988,400 $ 0.535 4.72 $ - Exercisable, June 30, 2015 10,138,400 $ 0.535 4.72 $ -
Summary of exercise price for options and warrants outstanding and exercisable	Outstanding Exercisable Number of Number of Options/ Exercise Options/ Exercise Warrants Price Warrants Price 230,000 $ 0.520 230,000 $ 0.520 10,753,400 0.535 9,903,400 0.535 5,000 1.500 5,000 1.500 10,988,400 10,138,400
Summary of assumptions used in calculating the fair value of options granted	Risk-free interest rate 0.25% Expected life of the options/warrants 2.5 to 3.5 years Expected volatility 100% Expected dividend yield 0%

Organization, Basis of Presen18

Organization, Basis of Presentation and Significant Accounting Policies (Detail Textuals) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended
	Aug. 31, 2014	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Organization, Basis Of Presentation And Significant Accounting Policies [Abstract]
Number of common stock redeemed	19,500,000
Number common stock issued to sole owner of ECO Waste	3,000,000
Percentage of shares acquired	100.00%
Number of shares exchanged	10
Common stock, shares issued	3,500,000	9,593,529		9,593,529		7,899,787
Common stock, shares outstanding	3,500,000	9,593,529		9,593,529		7,899,787
Amount paid for services	$ 100,000
Net assets of legal acquirer	0
Net loss		$ 589,794	$ 41,085	$ 4,151,737	$ 86,947	$ 1,381,406
Cash flows from operations				486,861		512,185
Accumulated deficit	$ 5,713,249	(5,713,249)		(5,713,249)		$ (1,561,512)
Estimated cost to acquire and develop facility		32,000,000		32,000,000
Payment Of Non-Refundable Deposit				100,000
Purchase price of facility		$ 6,750,000		$ 6,750,000

Furniture and Equipment (Detail

Furniture and Equipment (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Property, Plant and Equipment [Abstract]
Furniture and fixtures	$ 7,582	$ 7,582
Equipment	21,294	13,761
Furniture and equipment, gross	28,876	21,343
Less accumulated depreciation	(2,698)	(176)
Furniture and equipment, net	$ 26,178	$ 21,167

Furniture and Equipment (Deta20

Furniture and Equipment (Detail Textuals) - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 2,522

Other Assets (Detail Textuals)

Other Assets (Detail Textuals) - Purchase and sale agreement	1 Months Ended
	Feb. 28, 2015USD ($)aProcessorT	Jun. 30, 2015USD ($)
Other Assets [Line Items]
Area of developed site (in acres) | a	18.28
Acquisition price of developed site	$ 6,750,000
Deposit to open escrow	$ 100,000
Number of TCOM processors | Processor	4
TCOM processors (in Ton) | T	3.5
Escrow deposit		$ 100,000
Engineering consulting and other costs		$ 66,199

Notes Receivable (Details)

Notes Receivable (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Notes Receivable [Line Items]
Notes receivable, gross	$ 469,601	$ 237,615
Allowance for uncollectible balances	$ (469,601)	$ (237,615)
Total
CGTC/Lurvey
Notes Receivable [Line Items]
Notes receivable, gross	$ 123,313	$ 88,979
EETIL
Notes Receivable [Line Items]
Notes receivable, gross	160,625	116,123
Brasil Plus
Notes Receivable [Line Items]
Notes receivable, gross	160,663	$ 32,513
Soncav LLC
Notes Receivable [Line Items]
Notes receivable, gross	$ 25,000

Notes Receivable (Detail Textua

Notes Receivable (Detail Textuals) - USD ($)	1 Months Ended	6 Months Ended
	Apr. 30, 2015	Jun. 30, 2015	Dec. 31, 2014
Notes Receivable [Line Items]
Advances written off		$ 469,601	$ 237,615
CGTC/Lurvey
Notes Receivable [Line Items]
Advances written off		$ 123,313	88,979
EETIL
Notes Receivable [Line Items]
Loans interest rate		10.00%
Period of warrants issue		5 years
Warrant price per share		$ 0.01
Percentage of equity ownership interest		0.50%
Loan principal amount		$ 10,000
Advances written off		$ 160,625	116,123
Brasil Plus
Notes Receivable [Line Items]
Loans interest rate		10.00%
Period of warrants issue		5 years
Warrant price per share		$ 0.01
Percentage of equity ownership interest		0.50%
Loan principal amount		$ 10,000
Advances written off		160,663	$ 32,513
Soncav, Llc [Member]
Notes Receivable [Line Items]
Loan principal amount	$ 25,000
Advances written off		$ 25,000
Principal Repayment Percentage	110.00%
Percentage Of Interest Convertible	0.25%
Existing Preferred Pricing Units (In unit)	5
Increased Preferred Pricing Units (In unit)	10

Notes Payable (Details)

Notes Payable (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Total	$ 50,573	$ 51,970
Less current portion	17,578	$ 51,970
Long-term portion	32,995
Payable to an unaffiliated individual interest at 7% per annum and unsecured
Debt Instrument [Line Items]
Total	$ 50,573	$ 51,970

Notes Payable (Parentheticals)

Notes Payable (Parentheticals) (Detail Textuals) - Jun. 30, 2015 - USD ($)	Total
Debt Disclosure [Abstract]
Note payable monthly payments	$ 1,602
Unsecured notes payable interest rate	7.00%

Stockholders' Equity (deficit)

Stockholders' Equity (deficit) (Details) - Jun. 30, 2015 - USD ($) None in scaling factor is -9223372036854775296	Total
Options/Warrants Outstanding
Outstanding, June 30, 2015	10,988,400
Exercisable, June 30, 2015	10,138,400
Stock options and warrants
Options/Warrants Outstanding
Outstanding, December 31, 2014
Granted	10,988,400
Forfeited
Exercised
Outstanding, June 30, 2015	10,988,400
Exercisable, June 30, 2015	10,138,400
Weighted Average Exercise Price
Outstanding, December 31, 2014
Granted	$ 0.535
Outstanding, June 30, 2015	0.535
Exercisable, June 30, 2015	$ 0.535
Weighted Average Remaining Contractual Life
Outstanding, June 30, 2015	4 years 8 months 19 days
Exercisable, June 30, 2015	4 years 8 months 19 days
Aggregate Intrinsic Value
Outstanding, June 30, 2015
Exercisable, June 30, 2015

Stockholders' Equity (deficit27

Stockholders' Equity (deficit) (Details 1) - Jun. 30, 2015 - $ / shares	Total
Share Based Compensation Exercise Price Range [Line Items]
Outstanding number of Options/ Warrants	10,988,400
Exercisable number of Options/ Warrants	10,138,400
Exercise price 0.520
Share Based Compensation Exercise Price Range [Line Items]
Outstanding number of Options/ Warrants	230,000
Outstanding exercise price	$ 0.520
Exercisable number of Options/ Warrants	230,000
Exercisable exercise price	$ 0.520
Exercise price 0.535
Share Based Compensation Exercise Price Range [Line Items]
Outstanding number of Options/ Warrants	10,753,400
Outstanding exercise price	$ 0.535
Exercisable number of Options/ Warrants	9,903,400
Exercisable exercise price	$ 0.535
Exercise Price 1.500
Share Based Compensation Exercise Price Range [Line Items]
Outstanding number of Options/ Warrants	5,000
Outstanding exercise price	$ 1.500
Exercisable number of Options/ Warrants	5,000
Exercisable exercise price	$ 1.500

Stockholders' Equity (deficit28

Stockholders' Equity (deficit) (Details 2) - 6 months ended Jun. 30, 2015	Total
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	0.25%
Expected volatility	100.00%
Expected dividend yield	0.00%
Stock options and warrants | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life of the options/warrants	2 years 6 months
Stock options and warrants | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life of the options/warrants	3 years 6 months

Stockholders' Equity (deficit29

Stockholders' Equity (deficit) (Detail Textuals) - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Aug. 31, 2014
Stockholders Equity [Line Items]
Value of commen stock shares	$ 120,000
Common stock, shares authorized	100,000,000		100,000,000
Common stock, par value (in dollars per share)	$ 0.0001		$ 0.0001
Common stock, shares issued	9,593,529		7,899,787	3,500,000
Common stock, shares outstanding	9,593,529		7,899,787	3,500,000
Shares issued for cash (in shares)	1,393,742
Shares issued for cash, value	$ 674,535
Weighted average fair value of options granted	$ 0.31
Weighted average exercise price of options outstanding	0.535
Weighted average fair value of options/warrants	0.23
Weighted average exercise price of options/warrants	$ 1.50
Stock option expense	$ 3,178,278	$ 0
Unamortized stock option expense	$ 248,997
Employee
Stockholders Equity [Line Items]
Number of commen stock shares	150,000
Consultants
Stockholders Equity [Line Items]
Number of commen stock shares	150,000
Value of commen stock shares	$ 60,000

Commitments and Contingencies (

Commitments and Contingencies (Detail Textuals)	6 Months Ended		12 Months Ended
	Jun. 30, 2015USD ($)ft²Executive_Officer	Jun. 30, 2014USD ($)	Dec. 31, 2014USD ($)
Lease agreement
Commitments And Contingencies [Line Items]
Leases in square feet | ft²	2,400
Average monthly rental on lease	$ 4,958
Increase in monthly rental under lease	5,100
Increase in monthly rental under lease if stay beyong July 31, 2016	5,264
Rent expense	$ 30,292	$ 0
Employment agreements
Commitments And Contingencies [Line Items]
Number of executive officers | Executive_Officer	4
Employment agreements | Jess Rae Booth
Commitments And Contingencies [Line Items]
Term of agreement (in years)	4 years
Annualized base salaries of officer in 2015	$ 134,500
Annualized base salaries of officer in 2016	180,000
Annualized base salaries of officer in 2017	$ 219,000
Employment agreements | Steve Rockey
Commitments And Contingencies [Line Items]
Term of agreement (in years)	3 years
Annualized base salaries of officer in 2015	$ 110,000
Annualized base salaries of officer in 2016	138,000
Annualized base salaries of officer in 2017	$ 177,000
Employment agreements | Walter Carlson
Commitments And Contingencies [Line Items]
Term of agreement (in years)	3 years
Annualized base salaries of officer in 2015	$ 110,000
Annualized base salaries of officer in 2016	138,000
Annualized base salaries of officer in 2017	$ 177,000
Employment agreements | Kristin Johnston
Commitments And Contingencies [Line Items]
Term of agreement (in years)	3 years
Annualized base salaries of officer in 2015	$ 110,000
Annualized base salaries of officer in 2016	138,000
Annualized base salaries of officer in 2017	177,000
License Fees Member
Commitments And Contingencies [Line Items]
Prepaid license fee	125,000
Additional license fee per facility	250,000
Additional license fee on commencement of construction	150,000
Additional license fee on completion of first full calendar month of commercial operations	100,000
Total applicable license fees	375,000
Advance license fee	175,000
License fee for first full calendar quarter of commercial operations	200,000
Prepaid licensing fee	$ 175,000		$ 175,000
Production royalty percentage	5.00%
Period of production royalty	5 years