Tiger Reef (TGRR) 10-Q 21 Nov 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Nov. 21, 2016
Document And Entity Information
Entity Registrant Name	Blue Water Bar & Grill, Inc.
Entity Central Index Key	1,593,470
Document Type	10-Q
Document Period End Date	Sep. 30, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		112,044,500
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,016

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Current assets:
Cash	$ 835
Assets held for sale		637,869
Total current assets	835	637,869
Total assets	835	637,869
Current liabilities:
Accounts payable	176,172	33,408
Short-term notes payable, related party	36,840	102,749
Short-term notes payable, unrelated	44,700
Liabilities related to assets held for sale		83,228
Total current liabilities	257,712	219,385
Total liabilities	257,712	219,385
Stockholders' (deficit):
Preferred stock
Additional paid-in capital	722,280	1,075,698
Accumulated deficit	(1,089,117)	(767,824)
Total stockholders' equity (deficit)	(256,877)	418,484
Total liabilities and stockholders' equity	835	637,869
Blue Water Bar & Grill, N.V. [Member]
Stockholders' (deficit):
Common stock		3,000
Common Stock [Member]
Stockholders' (deficit):
Common stock	$ 109,960	$ 107,610

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2016	Dec. 31, 2015
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, authorized	1,000,000	1,000,000
Preferred stock, issued
Preferred stock,outstanding
Series A Preferred stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, authorized	250,000	250,000
Preferred stock, issued
Preferred stock,outstanding
Blue Water Bar & Grill, N.V. [Member]
Common stock, par value	$ 100	$ 100
Common stock, issued	0	30
Common stock,outstanding	0	30
Common Stock [Member]
Common stock, par value	$ 0.001	$ 0.001
Common stock, authorized	500,000,000	500,000,000
Common stock, issued	109,959,500	107,609,530
Common stock,outstanding	109,959,500	107,609,530

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Expenses:
General and administrative	$ 20,533	$ 583	$ 27,861	$ 649
Accounting fees	1,400	1,000	13,450	5,000
Consulting fees	60,249	68,775	75,524	74,050
Legal fees	43,082	20,165	130,786	80,937
Stock transfer agent	896	447	3,475	1,191
Total expenses	126,160	90,970	251,096	161,827
(Loss) from operations	(126,160)	(90,970)	(251,096)	(161,827)
Other income (expense)
Loss on deconsolidation	(74,474)		(74,474)
Interest expense	(2,387)	(3)	(7,806)	(8)
Total other income (expense)	(76,861)	(3)	(82,280)	(8)
Provision for income taxes
Net loss from continuing operations	(203,021)	(90,973)	(333,376)	(161,835)
Net loss from discontinuing operations
Net loss	$ (203,021)	$ (90,973)	$ (333,376)	$ (161,835)
Net loss per common share, basic and diluted	$ 0	$ 0	$ 0	$ 0
Weighted average number of common shares outstanding, basic and diluted	108,485,587	101,280,435	108,114,812	101,193,956

Consolidated Statement of Stock

Consolidated Statement of Stockholders Equity - 9 months ended Sep. 30, 2016 - USD ($)	Common Stock	Blue Water Bar & Grill, N.V. [Member]	Additional Paid-In Capital	Accumulated Deficit	Total
Beginning Balance, Shares at Dec. 31, 2015	107,609,500	30
Beginning Balance, Amount at Dec. 31, 2015	$ 107,610	$ 3,000	$ 1,075,698	$ (767,824)	$ 418,484
Issuance of common shares for cash, Shares	850,000
Issuance of common shares for cash	$ 850		151,650		152,500
Issuance of common shares to services, Shares	1,500,000
Issuance of common shares to services	$ 1,500		50,850		52,350
Divesture of Blue Water Bar & Grill, N.V., shares		(30)
Divesture of Blue Water Bar & Grill, N.V., amount		$ (3,000)	(563,724)	12,083	(554,641)
Imputed interest			7,804		7,804
Net loss				(333,376)	(333,376)
Ending Balance, Shares at Sep. 30, 2016	109,959,500
Ending Balance, Amount at Sep. 30, 2016	$ 109,960		$ 722,280	$ (1,089,117)	$ (256,877)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash flows from operating activities:
Net (loss)	$ (333,376)	$ (161,835)
Adjustments to reconcile net (loss) to net cash used in operating activities
Issuance of common shares to services	52,350	60,000
Imputed interest on related party loan	7,806	8
Loss on deconsolidation	74,474
Changes in operating assets and liabilities:
Increase in accounts payable	74,535	46,865
Net cash used in operating activities	(124,211)	(54,962)
Cash flows from investing activities:
Purchase of property and equipment	(6,245)
Net cash used by investing activities	(6,245)
Cash flows from financing activities:
Increase in notes payable, related party	22,591
Payments to notes payable, related party	(88,500)
Increase (decrease) in notes payable, unrelated	44,700
Expenses paid by related party		42,371
Issuance of common stock for cash	152,500
Net cash provided by financing activities	131,291	42,371
Net increase (decrease) in cash	835	(12,591)
Cash-beginning of period		12,724
Cash-end of period	$ 835	$ 133

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 1 – Summary of Significant Accounting Policies Organization Tiger Reef, Inc. (“ Company Tiger Reef Unaudited Interim Financial Information The unaudited condensed interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States (“ GAAP The condensed balance sheet as of December 31, 2015 has been derived from audited financial statements. Operating results for the three and nine months ended September 30, 2016 are not necessarily indicative of results that may be expected for the year ending December 31, 2016. These condensed financial statements should be read in conjunction with the audited financial statements for the year ended December 31, 2015 filed with the Company’s Form 10-K with the Securities and Exchange Commission on March 7, 2016. Basis of Presentation The Company is a diversified producer of ultra premium rums under the Tiger Reef® brand and a developer of Caribbean casual dining restaurant properties. The Company has experienced net losses and negative cash flows from operations since inception and expects these conditions to continue for the foreseeable future. In addition, there is no assurance that once open the Company’s restaurants will be well received or that the Company will be able to generate sufficient cash flow to fund continued operations. The above factors raise substantial doubt as to the Company's ability to continue as a going concern. The accompanying condensed financial statements have been prepared assuming that the Company will continue as a going concern and do not include any adjustments that may result from the outcome of this uncertainty. The consolidated financial statements include the accounts of Tiger Reef, Inc. and its wholly owned subsidiary Tiger Reef, Ltd. (hereafter referred collectively as the “ Company Tiger Reef All significant intercompany balances and transactions have been eliminated in consolidation. Use of Estimates The accompanying financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America. Because a precise determination of many assets and liabilities is dependent upon future events, the preparation of financial statements for a period necessarily involves the use of estimates which have been made using careful judgment. Actual results may vary from these estimates. Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents. As of September 30, 2016 and December 31, 2015, the Company had no cash equivalents. Property, Plant and Equipment Property, plant and equipment are recorded at cost. Depreciation and amortization are provided using the straight-line method over the estimated useful lives of the assets, generally 3 to 20 years. Leasehold improvements and leased equipment are amortized over the shorter of the term of the lease or the useful life of the improvement or equipment. Fair Value of Financial Instruments ASC 820, “Fair Value Measurements” and ASC 825, Financial Instruments, requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. It establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. It prioritizes the inputs into three levels that may be used to measure fair value: Level Description Level 1 Applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 Applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. Level 3 Applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. The estimated fair values of the Company’s financial instruments as of September 30, 2016 are as follows: Fair Value Measurement at September 30, 2016 Using: Description 9/30/16 Quoted Prices In Active Markets For Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets Cash and equivalents $ 835 $ 835 $ - $ - Total assets $ 835 $ 835 $ - $ - Liabilities Accounts payable $ 176,172 $ 176,172 $ - $ - Notes payable, related party 36,840 36,840 - - Notes payable, unrelated 44,700 44,700 - - Total liabilities $ 257,712 $ 257,712 $ - $ - The estimated fair values of the Company’s financial instruments as of December 31, 2015 are as follows: Fair Value Measurement at December 31, 2015 Using: Description 12/31/15 Quoted Prices In Active Markets For Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets Cash and equivalents $ - $ - $ - $ - Assets held for sale 637,869 637,869 - - Total assets $ 637,869 $ 637,869 $ - $ - Liabilities Accounts payable $ 33,408 $ 33,408 $ - $ - Notes payable, related party 102,749 102,749 - - Liabilities related to assets held 83,228 83,228 - - Total liabilities $ 219,385 $ 219,385 $ - $ - Net Loss per Share Calculation Basic net loss per common share is computed by dividing the net loss attributable to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted earnings per shares is computed similar to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. As of September 30, 2016 and 2015, the Company had no dilutive financial instruments issued or outstanding. Revenue Recognition The Company follows the guidance of FASB ASC Topic 605 for revenue recognition. In general, the Company recognizes revenue on four basic criteria that must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred or services have been rendered; (3) the fee is fixed or determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management’s judgments regarding the fixed nature of the fee charged for services rendered and products delivered and the collectability of those fees. Revenue is generally recognized at the time of sale and is expected to consist of sales of food, beverages and general merchandise and souvenirs. Discontinued Operations The Company follows the policy of segregating the assets and liabilities of subsidiaries or lines of business on its balance sheet from the assets and liabilities of continuing subsidiaries or lines of business when it is decided to close or dispose of a subsidiary or line of business. The Company also follows the policy of separately disclosing the assets and liabilities and the net operations of a subsidiary or line of business in its financial statements when it is decided to close or dispose of a subsidiary or line of business. Income Taxes The Company accounts for income taxes pursuant to FASB ASC 740, Income Taxes. Under FASB ASC 740-10-25, deferred tax assets and liabilities are determined based on temporary differences between the bases of certain assets and liabilities for income tax and financial reporting purposes. The deferred tax assets and liabilities are classified according to the financial statement classification of the assets and liabilities generating the differences. The Company maintains a valuation allowance with respect to deferred tax assets. The Company establishes a valuation allowance based upon the potential likelihood of realizing the deferred tax asset and taking into consideration the Company’s financial position and results of operations for the current period. Future realization of the deferred tax benefit depends on the existence of sufficient taxable income within the carryforward period under the Federal tax laws. Changes in circumstances, such as the Company generating taxable income, could cause a change in judgment about its ability to realize the related deferred tax asset. Any change in the valuation allowance will be included in income in the year of the change in estimate. Fiscal Year The Company elected December 31st for its fiscal year end. Recent Accounting Pronouncements There are various updates recently issued, most of which represented technical corrections to the accounting literature or application to specific industries and are not expected to a have a material impact on the Company's financial position, results of operations or cash flows.

Going Concern

Going Concern	9 Months Ended
	Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern	NOTE 2 – GOING CONCERN The accompanying consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As shown in the accompanying consolidated financial statements during nine months ended September 30, 2016, the Company has not established a source of revenues sufficient to cover its operating costs, and as such, has incurred an operating loss since its inception. Further, as of September 30, 2016, the Company had an accumulated net loss of ($1,089,117). These and other factors raise substantial doubt about the Company’s ability to continue as a going concern. The Company’s existence is dependent upon management’s ability to develop profitable operations and to obtain additional sources of financing. There can be no assurance that the Company’s financing efforts will result in profitable operations or the resolution of the Company’s liquidity problems. The accompanying statements do not include any adjustments that might result should the Company be unable to continue as a going concern.

Stockholders Equity

Stockholders Equity	9 Months Ended
	Sep. 30, 2016
Equity [Abstract]
Stockholders Equity	NOTE 3 – STOCKHOLDERS’ EQUITY Preferred stock The Company has authorized 1,000,000 shares of preferred stock, $0.001 par value. On November 2, 2015, the Company’s board of directors designated 250,000 shares of preferred stock as Series A Preferred Stock at $0.001 par value. Series A Preferred Stock ranks superior to all other classes of stock including common and other future classes of preferred in regard to liquidation, dissolution or winding up of the Company. The Series A Preferred Stock shall participate in all legal dividends declared by the board of directors, has 5,000 votes per share in all voting matters, and is convertible and redeemable by the Company into shares of common stock at a ratio of 5,000 shares of common stock for each share of Series A Preferred. On November 2, 2015, the Company issued 97,625 shares of Series A Preferred Stock to Taurus Financial Partners, LLC (“ Taurus As of September 30, 2016, the Company had -0- shares of Series A Preferred Stock issued and outstanding; there were no other shares or classes of preferred stock authorized or outstanding. Common stock (Tiger Reef, Inc.) The Company has authorized 500,000,000 shares of common stock, with a par value of $0.001 per share. During the fiscal year ended December 31, 2015, the Company issued an aggregate of 6,459,500 shares of its common stock for services rendered at a fair value of $64,595, based on the price from NASDAQ of $0.01 a share for the Company’s common stock at the time of grant. During the nine months ended September 30, 2016, the Company issued an aggregate of 1,500,000 shares of its common stock for services. These shares had an aggregate issue value of $52,350, or an average price of $0.0349 per share, based on the closing market price on the date of issue. During the nine months ended September 30, 2016, the Company issued an aggregate of 850,000 shares of its common stock for an aggregate of $152,500 in cash, or an average price of $0.179 per share. As of September 30, 2016, the Company had 109,959,500 shares of its common stock issued and outstanding. Blue Water Bar & Grill, N.V. Common Stock During the fiscal year ended December 31, 2015, the Company acquired 30 shares of the common stock, $100 par value, of Blue Water Bar & Grill, N.V., a St. Maarten, Dutch West Indies limited liability company. These shares represented 100% of the issued and outstanding capital stock of Blue Water Bar & Grill, N.V. The Company sold and transferred its 30 shares of Blue Water Bar & Grill, N.V., including its business and director licenses, to an unrelated third party on July 1, 2016 in exchange for the assumption of $15,000 in outstanding accounts payable. The Company no longer has a vested interest or any affiliation with Blue Water Bar & Grill, N.V. Imputed Interest and Expenses Paid by Related Party During the nine months ended September 30, 2016 and 2015, Blue Water Global Group, Inc. paid $-0- and $42,371, respectively, in expenses on behalf of the Company. Since inception on July 27, 2013, Blue Water Global Group paid an aggregate of $621,003 in expenses on behalf of the Company before it went out of business. These expenses were included in the financial statements under Additional Paid-In Capital. As of September 30, 2016 and December 31, 2015, the Company had outstanding notes payable to Taurus Financial Partners, LLC (“ Taurus During the fiscal year ended December 31, 2015, the Company had a note payable to a related party stockholder in the amount of $100. This note was paid in full on December 4, 2015. During the fiscal year ended December 31, 2015 this note accrued $11 in imputed interest that has been recorded in the financial statements as additional paid-in capital. Imputed Interest and Outstanding Notes Payable to Unrelated Party As of September 30, 2016, the Company had outstanding notes payable to an unrelated party aggregating $44,700. During the nine months ended September 30, 2016, the Company imputed $492 in interest. The imputed interest has been recorded in the financial statements as additional paid-in capital.

Acquisition of Blue Water Bar &

Acquisition of Blue Water Bar & Grill, N.V.	9 Months Ended
	Sep. 30, 2016
Business Combinations [Abstract]
Acquisition of Blue Water Bar & Grill, N.V.	NOTE 4 – ACQUISITION AND DIVESTURE OF BLUE WATER BAR & GRILL, N.V. On December 15, 2015 we acquired all of the issued and outstanding shares (comprised of 30 common shares with a par value of $100 per share) of Blue Water Bar & Grill, N.V., a St. Maarten, Dutch West Indies limited liability company from Blue Water Global Group, Inc., a related party. These shares were valued at an aggregate of $3,000, or $100 per share, which was paid by Taurus Financial Partners, LLC (“ Taurus The Company accounted for this transaction as a common controlled acquisition. J. Scott Sitra, our sole officer and director, was the control person of all entities prior to and subsequent to this acquisition. Hence, this acquisition did not result in a change of control with any of the parties involved. This acquisition was completed in accordance to ASC 805-50-50-3 through 4 and ASC 805-10-5. The Company sold and transferred its 30 shares of Blue Water Bar & Grill, N.V., including its business and director licenses, to an unrelated third party on July 1, 2016 in exchange for the assumption of $15,000 in outstanding accounts payable. The Company no longer has a vested interest or any affiliation with Blue Water Bar & Grill, N.V. On June 30, 2016 the Company incurred a one-time write-off of $644,115 to reflect the full impairment of the unfinished St. Maarten Blue Water Bar & Grill™ in Indigo Bay. The Company no longer has a vested interest or affiliation with this project. Further, Indigo Bay intends to demolish the building and erect a 450-room all-inclusive hotel on this building site. The Company has no financial interest in or affiliation with this proposed hotel project. During the three months ended September 30, 2016 the Company recorded a loss of ($74,474) for the deconsolidation of Blue Water Bar & Grill, N.V.

Property and Equipment

Property and Equipment	9 Months Ended
	Sep. 30, 2016
Property, Plant and Equipment [Abstract]
Property and Equipment	NOTE 5 – PROPERTY AND EQUIPMENT Property and equipment as of September 30, 2016 and December 31, 2015 is summarized as follows: September 30, 2016 December 31, 2015 Construction in progress $ - $ 637,869 Subtotal - 637,869 Less accumulated depreciation - - Property and equipment, net $ - $ 637,869 Property and equipment are stated at cost and depreciated using the straight-line method over their estimated useful lives. Construction in process is comprised of the accumulated costs of construction of a Blue Water Bar & Grill™ restaurant in St. Maarten, Dutch West Indies. When property and equipment is retired or otherwise disposed, the related carrying value and accumulated depreciation are removed from the respective accounts and the net difference less any amount realized from disposition, is reflected in earnings. On June 30, 2016 the Company incurred a one-time write-off of $644,115 to reflect the full impairment of the unfinished St. Maarten Blue Water Bar & Grill™ in Indigo Bay. The Company no longer has a vested interest or affiliation with this project. Further, Indigo Bay intends to demolish the building and erect a 450-room all-inclusive hotel on this building site. The Company has no financial interest in or affiliation with this proposed hotel project. Depreciation expense was $-0- and $-0- for the periods ended September 30, 2016 and December 31, 2015, respectively.

Discountinued operations and de

Discountinued operations and deconsolidation of held subsidiary	9 Months Ended
	Sep. 30, 2016
Discontinued Operations and Disposal Groups [Abstract]
Discontinued operations and deconsolidation of held subsidiary	NOTE 6 – DISCONTINUED OPERATION AND DECONSOLIDATION OF HELD SUBSIDIARY The Company follows the policy of segregating the assets and liabilities of subsidiaries or lines of business on its balance sheet from the assets and liabilities of continuing subsidiaries or lines of business when it is decided to close or dispose of a subsidiary or line of business. The Company also follows the policy of separately disclosing the assets and liabilities and the net operations of a subsidiary or line of business in its financial statements when it is decided to close or dispose of a subsidiary or line of business. On July 1, 2016 the Company sold and transferred its 30 shares of Blue Water Bar & Grill, N.V., including its business and director licenses, to an unrelated third party in exchange for the assumption of $15,000 in outstanding accounts payable. The Company no longer has a vested interest or any affiliation with Blue Water Bar & Grill, N.V. As a result of this action the operations of the Blue Water Bar & Grill, N.V. have been classified as Discontinued Operations on the Statement of Operations. The components of Discontinued Operations summarized on the Statement of Operations arising from the decision to separate from Blue Water Bar & Grill, N.V. are as follows: For the nine months ended September 30, 2016 For the nine months ended September 30, 2015 Expenses $ - $ - Loss from operations - - Other income (expense): Loss on deconsolidation (74,474) - Total other income (expense) (74,474) Net loss $ (74,474) $ - The components of Discontinued Operations summarized on the Balance Sheets arising from the decision to separate from Blue Water Bar & Grill, N.V. are as follows: September 30, 2016 December 31, 2015 Current assets: Assets held for sale $ - $ 637,869 Total assets $ - $ 637,869 Current liabilities: Liabilities related to assets held for sale $ - 83,228 Total liabilities related to assets held for sale $ - $ 83,228

Continency_Legal

Continency/Legal	9 Months Ended
	Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Contingency/Legal	NOTE 7 – CONTINGENCY/LEGAL As of September 30, 2016, and during the preceding ten years, no director, person nominated to become a director or executive officer, or promoter of the Company has been involved in any legal proceeding that would require disclosure hereunder. From time to time, the Company may become subject to various legal proceedings and claims that arise in the ordinary course of our business activities. However, litigation is subject to inherent uncertainties for which the outcome cannot be predicted. Any adverse result in these or other legal matters could arise and cause harm to the Company’s business. The Company currently is not party to any claim or litigation the outcome of which, if determined adversely to the Company, would individually or in the aggregate be reasonably expected to have a material adverse effect on the Company’s business.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2016
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 8 – RELATED PARTY TRANSACTIONS During the nine months ended September 30, 2016 and 2015, Blue Water Global Group, Inc. paid $-0- and $42,371, respectively, in expenses on behalf of the Company. Since inception on July 27, 2013, Blue Water Global Group paid an aggregate of $621,003 in expenses on behalf of the Company before it went out of business. These expenses were included in the financial statements under Additional Paid-In Capital. On December 15, 2015 we acquired all of the issued and outstanding shares (comprised of 30 common shares with a par value of $100 per share) of Blue Water Bar & Grill, N.V., a St. Maarten, Dutch West Indies limited liability company from Blue Water Global Group, Inc., a related party. These shares were valued at an aggregate of $3,000, or $100 per share, which was paid by Taurus Financial Partners, LLC (“ Taurus As of September 30, 2016 and December 31, 2015, the Company had outstanding notes payable to Taurus Financial Partners, LLC (“ Taurus The Company sold and transferred its 30 shares of Blue Water Bar & Grill, N.V., including its business and director licenses, to an unrelated third party on July 1, 2016 in exchange for the assumption of $15,000 in outstanding accounts payable. The Company no longer has a vested interest or any affiliation with Blue Water Bar & Grill, N.V. During the fiscal year ended December 31, 2015, the Company had a note payable to a related party stockholder in the amount of $100. This note was paid in full on December 4, 2015. During the fiscal year ended December 31, 2015 this note accrued $11 in imputed interest that has been recorded in the financial statements as additional paid-in capital.

Summary of Significant Accoun15

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Organization	Organization Tiger Reef, Inc. (“ Company Tiger Reef
Unaudited Interim Financial Infromation	Unaudited Interim Financial Information The unaudited condensed interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States (“ GAAP The condensed balance sheet as of December 31, 2015 has been derived from audited financial statements. Operating results for the three and nine months ended September 30, 2016 are not necessarily indicative of results that may be expected for the year ending December 31, 2016. These condensed financial statements should be read in conjunction with the audited financial statements for the year ended December 31, 2015 filed with the Company’s Form 10-K with the Securities and Exchange Commission on March 7, 2016.
Basis of Presentation	Basis of Presentation The Company is a diversified producer of ultra premium rums under the Tiger Reef® brand and a developer of Caribbean casual dining restaurant properties. The Company has experienced net losses and negative cash flows from operations since inception and expects these conditions to continue for the foreseeable future. In addition, there is no assurance that once open the Company’s restaurants will be well received or that the Company will be able to generate sufficient cash flow to fund continued operations. The above factors raise substantial doubt as to the Company's ability to continue as a going concern. The accompanying condensed financial statements have been prepared assuming that the Company will continue as a going concern and do not include any adjustments that may result from the outcome of this uncertainty. The consolidated financial statements include the accounts of Tiger Reef, Inc. and its wholly owned subsidiary Tiger Reef, Ltd. (hereafter referred collectively as the “ Company Tiger Reef All significant intercompany balances and transactions have been eliminated in consolidation.
Use of Estimates	Use of Estimates The accompanying financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America. Because a precise determination of many assets and liabilities is dependent upon future events, the preparation of financial statements for a period necessarily involves the use of estimates which have been made using careful judgment. Actual results may vary from these estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents. As of September 30, 2016 and December 31, 2015, the Company had no cash equivalents.
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment are recorded at cost. Depreciation and amortization are provided using the straight-line method over the estimated useful lives of the assets, generally 3 to 20 years. Leasehold improvements and leased equipment are amortized over the shorter of the term of the lease or the useful life of the improvement or equipment.
Fair Value of Financial Instruments	Fair Value of Financial Instruments ASC 820, “Fair Value Measurements” and ASC 825, Financial Instruments, requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. It establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. It prioritizes the inputs into three levels that may be used to measure fair value: Level Description Level 1 Applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 Applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. Level 3 Applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. The estimated fair values of the Company’s financial instruments as of September 30, 2016 are as follows: Fair Value Measurement at September 30, 2016 Using: Description 9/30/16 Quoted Prices In Active Markets For Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets Cash and equivalents $ 835 $ 835 $ - $ - Total assets $ 835 $ 835 $ - $ - Liabilities Accounts payable $ 176,172 $ 176,172 $ - $ - Notes payable, related party 36,840 36,840 - - Notes payable, unrelated 44,700 44,700 - - Total liabilities $ 257,712 $ 257,712 $ - $ - The estimated fair values of the Company’s financial instruments as of December 31, 2015 are as follows: Fair Value Measurement at December 31, 2015 Using: Description 12/31/15 Quoted Prices In Active Markets For Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets Cash and equivalents $ - $ - $ - $ - Assets held for sale 637,869 637,869 - - Total assets $ 637,869 $ 637,869 $ - $ - Liabilities Accounts payable $ 33,408 $ 33,408 $ - $ - Notes payable, related party 102,749 102,749 - - Liabilities related to assets held 83,228 83,228 - - Total liabilities $ 219,385 $ 219,385 $ - $ -
Net Loss per Share Calculation	Net Loss per Share Calculation Basic net loss per common share is computed by dividing the net loss attributable to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted earnings per shares is computed similar to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive . As of September 30, 2016 and 2015,
Revenue Recognition	Revenue Recognition The Company follows the guidance of FASB ASC Topic 605 for revenue recognition. In general, t he Company recognizes revenue on four basic criteria that must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred or services have been rendered; (3) the fee is fixed or determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management’s judgments regarding the fixed nature of the fee charged for services rendered and products delivered and the collectability of those fees. Revenue is generally recognized at the time of sale and is expected to consist of sales of food, beverages and general merchandise and souvenirs.
Discontinued Operations	Discontinued Operations The Company follows the policy of segregating the assets and liabilities of subsidiaries or lines of business on its balance sheet from the assets and liabilities of continuing subsidiaries or lines of business when it is decided to close or dispose of a subsidiary or line of business. The Company also follows the policy of separately disclosing the assets and liabilities and the net operations of a subsidiary or line of business in its financial statements when it is decided to close or dispose of a subsidiary or line of business.
Income Taxes	Income Taxes The Company accounts for income taxes pursuant to FASB ASC 740, Income Taxes. Under FASB ASC 740-10-25, deferred tax assets and liabilities are determined based on temporary differences between the bases of certain assets and liabilities for income tax and financial reporting purposes. The deferred tax assets and liabilities are classified according to the financial statement classification of the assets and liabilities generating the differences. The Company maintains a valuation allowance with respect to deferred tax assets. The Company establishes a valuation allowance based upon the potential likelihood of realizing the deferred tax asset and taking into consideration the Company’s financial position and results of operations for the current period. Future realization of the deferred tax benefit depends on the existence of sufficient taxable income within the carryforward period under the Federal tax laws. Changes in circumstances, such as the Company generating taxable income, could cause a change in judgment about its ability to realize the related deferred tax asset. Any change in the valuation allowance will be included in income in the year of the change in estimate.
Fiscal Year	Fiscal Year The Company elected December 31st for its fiscal year end.
Recent Accounting Pronouncements	Recent Accounting Pronouncements There are various updates recently issued, most of which represented technical corrections to the accounting literature or application to specific industries and are not expected to a have a material impact on the Company's financial position, results of operations or cash flows.

Summary of Significant Accoun16

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The estimated fair values of the Company’s financial instruments as of September 30, 2016 are as follows: Fair Value Measurement at September 30, 2016 Using: Description 9/30/16 Quoted Prices In Active Markets For Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets Cash and equivalents $ 835 $ 835 $ - $ - Total assets $ 835 $ 835 $ - $ - Liabilities Accounts payable $ 176,172 $ 176,172 $ - $ - Notes payable, related party 36,840 36,840 - - Notes payable, unrelated 44,700 44,700 - - Total liabilities $ 257,712 $ 257,712 $ - $ - The estimated fair values of the Company’s financial instruments as of December 31, 2015 are as follows: Fair Value Measurement at December 31, 2015 Using: Description 12/31/15 Quoted Prices In Active Markets For Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets Cash and equivalents $ - $ - $ - $ - Assets held for sale 637,869 637,869 - - Total assets $ 637,869 $ 637,869 $ - $ - Liabilities Accounts payable $ 33,408 $ 33,408 $ - $ - Notes payable, related party 102,749 102,749 - - Liabilities related to assets held 83,228 83,228 - - Total liabilities $ 219,385 $ 219,385 $ - $ -

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
	Sep. 30, 2016
Property, Plant and Equipment [Abstract]
Property and Equipment	September 30, 2016 December 31, 2015 Construction in progress $ - $ 637,869 Subtotal - 637,869 Less accumulated depreciation - - Property and equipment, net $ - $ 637,869

Note 6 - Discountinued operatio

Note 6 - Discountinued operations and deconsolidation of held subsidiary (Tables)	9 Months Ended
	Sep. 30, 2016
Discontinued Operations and Disposal Groups [Abstract]
Components of Discontinued Operations	For the nine months ended September 30, 2016 For the nine months ended September 30, 2015 Expenses $ - $ - Loss from operations - - Other income (expense): Loss on deconsolidation (74,474) - Total other income (expense) (74,474) Net loss $ (74,474) $ - The components of Discontinued Operations summarized on the Balance Sheets arising from the decision to separate from Blue Water Bar & Grill, N.V. are as follows: September 30, 2016 December 31, 2015 Current assets: Assets held for sale $ - $ 637,869 Total assets $ - $ 637,869 Current liabilities: Liabilities related to assets held for sale $ - 83,228 Total liabilities related to assets held for sale $ - $ 83,228

Summary of Significant Accoun19

Summary of Significant Accounting Policies - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash and equivalents	$ 835
Assets held for sale		637,869
Total assets measured at fair value	835	637,869
Accounts payable	176,172	33,408
Notes payable, related party	36,840	102,749
Liabilities related to assets held for sale		83,228
Notes payable, unrelated	44,700
Total liabilities measured at fair value	257,712	219,385
Quoted Prices In Active Markets For Identical Assets (Level 1) [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash and equivalents	835
Total assets measured at fair value	835
Accounts payable	176,172
Notes payable, related party	36,840
Notes payable, unrelated	44,700
Total liabilities measured at fair value	257,712
Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash and equivalents
Total assets measured at fair value
Accounts payable
Notes payable, unrelated
Total liabilities measured at fair value
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash and equivalents
Assets held for sale	637,869
Total assets measured at fair value	637,869
Accounts payable	33,408
Notes payable, related party	102,749
Liabilities related to assets held for sale	83,228
Total liabilities measured at fair value	$ 219,385

Going Concern (Details)

Going Concern (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Going Concern Details
Accumulated deficit	$ (1,089,117)	$ (767,824)

Preferred Stock (Details Narrat

Preferred Stock (Details Narrative) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Preferred Stock, Shares Authorized	1,000,000	1,000,000
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, issued
Preferred stock,outstanding
Accrued imputed interest	$ 16,010	$ 8,694
Stock issued for accounts payable, shares	97,625
Stock issued for accounts payable	$ 97,625
Series A Preferred stock [Member]
Preferred Stock, Shares Authorized	250,000	250,000
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, issued
Preferred stock,outstanding
Voting rights		5,000 votes per share, 5,000 shares of common stock for each share of Series A Preferred after a minimum holding period of two years.

Common Stock (Details Narrative

Common Stock (Details Narrative) - $ / shares	Sep. 30, 2016	Dec. 31, 2015
Blue Water Bar & Grill, N.V. [Member]
Par value	$ 100	$ 100
Common Stock, Shares Issued	0	30
Common Stock [Member]
Common Stock, Shares Authorized	500,000,000	500,000,000
Par value	$ 0.001	$ 0.001
Common Stock, Shares Issued	109,959,500	107,609,530

Common Stock - Common Stock (De

Common Stock - Common Stock (Details) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Class of Stock [Line Items]
Issuance of common shares to services	$ 52,350	$ 60,000
Issuance of common shares for cash	$ 152,500
Shares owned of Blue Water Bar & Grill, N.V.	30		30
Par value of Blue Water Bar & Grill, N.V.			$ 100
Shares issued for accounts payable, amount	$ 15,000
Short-term notes payable, unrelated	44,700
Imputed interest	$ 492
Common Stock [Member]
Class of Stock [Line Items]
Issuance of common shares to services, Shares			6,459,500
Issuance of common shares to services			$ 64,595
Price Per Unit			$ 0.01
Tiger Reef, Inc [Member]
Class of Stock [Line Items]
Issuance of common shares to services, Shares	1,500,000
Issuance of common shares to services	$ 52,350
Price Per Unit	$ 0.0349
Issuance of common shares for cash, Shares	850,000
Issuance of common shares for cash	$ 152,500
Price Per Unit	$ 0.179
Blue Water Bar & Grill, N.V. [Member]
Class of Stock [Line Items]
Shares owned of Blue Water Bar & Grill, N.V.	30
Par value of Blue Water Bar & Grill, N.V.	$ 100
Ownership	100.00%
Divesture of Blue Water Bar & Grill, N.V., shares	(30)
Shares issued for accounts payable, amount	$ 15,000

Blue Water Bar & Grill, N.V. Co

Blue Water Bar & Grill, N.V. Common Stock(Details Narrative) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Business Combinations [Abstract]
Shares owned of Blue Water Bar & Grill, N.V.			30		30
Par value of Blue Water Bar & Grill, N.V.					$ 100
Sales Value					$ 3,000
Shares issued for accounts payable, amount			$ 15,000
Impairment			644,115
Loss on deconsolidation	$ (74,474)		$ (74,474)

Note 6 - Discountinued operat25

Note 6 - Discountinued operations and deconsolidation of held subsidiary - Components of Discontinued Operations (Details) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Loss on deconsolidation		$ 74,474		$ 74,474
Net loss
Current assets:
Assets held for sale						$ 637,869
Current liabilities:
Liabilities related to assets held for sale						83,228
Discontinued operations [Member]
Expenses
Loss from operations
Loss on deconsolidation	(74,474)
Total other income (expense)	(74,474)
Net loss	$ (74,474)
Current assets:
Assets held for sale						637,869
Current liabilities:
Liabilities related to assets held for sale						$ 83,228

Property and Equipment - Proper

Property and Equipment - Property and Equipment (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Construction in progress		$ 637,869
Less accumulated depreciation

Property and Equipment (Details

Property and Equipment (Details Narrative) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Depreciation Expense	$ 0	$ 0

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	9 Months Ended		12 Months Ended	33 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015	Mar. 31, 2016
Related Party Transactions [Abstract]
Expenses paid by related party		$ 42,371		$ 621,003
Notes payable (related party)			$ 100
Short-term note payable (related party)	$ 36,840		102,749
Reduction of note payable (related party)	65,909
Imputed interest	$ 7,316	$ 8	$ 11

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)	Oct. 18, 2016	Sep. 30, 2016	Sep. 30, 2015
Subsequent Event [Line Items]
Issuance of common shares to services		$ 52,350	$ 60,000
Subsequent Event [Member]
Subsequent Event [Line Items]
Issuance of common shares to services, Shares	2,085,000
Issuance of common shares to services	$ 62,758
Price Per Unit	$ 0.0301
Issuance of preferred shares for debt, Shares	596
Issuance of preferred shares for debt, amount	$ 44,700