Tiger Reef (TGRR) 10-Q 22 May 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2017	May 22, 2017
Document And Entity Information
Entity Registrant Name	Tiger Reef, Inc.
Entity Central Index Key	1,593,470
Document Type	10-Q
Document Period End Date	Mar. 31, 2017
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		22,794,500
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,017

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Current assets:
Cash	$ 3,614
Current assets	3,614	0
Total assets	3,614	0
Current liabilities:
Accounts payable	224,272	190,976
Short-term notes payable, related party	9,003	50,473
Convertible debt, net	65,000
Put premium	52,908
Accrued payroll	25,500
Accrued interest	427
Bank overdraft		203
Total current liabilities	377,110	241,652
Total liabilities	377,110	241,652
Stockholders' (deficit):
Common stock	22,795	112,045
Additional paid-in capital	1,183,147	873,410
Accumulated deficit	(1,579,458)	(1,227,108)
Total stockholders' equity (deficit)	(373,496)	(241,652)
Total liabilities and stockholders' equity	3,614	0
Series A Preferred stock [Member]
Stockholders' (deficit):
Series A Preferred stock	$ 20	$ 1

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2017	Dec. 31, 2016
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, authorized	1,000,000	1,000,000
Preferred stock, issued
Preferred stock,outstanding
Common stock, par value	$ 0.001	$ 0.001
Common stock, authorized	500,000,000	500,000,000
Common stock, issued	22,794,500	112,044,500
Common stock,outstanding	22,794,500	112,044,500
Series A Preferred stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, authorized	250,000	250,000
Preferred stock, issued	19,846	596
Preferred stock,outstanding	19,846	596

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Income Statement [Abstract]
Revenues, net
Cost of revenues
Gross profit
Expenses:
General and administrative	6,028	3,598
Accounting fees	3,250	9,500
Consulting fees	222,081	3,375
Legal fees	39,790	52,560
Stock transfer fees	1,359	714
Salaries	25,500
Total operating expenses	298,008	69,747
(Loss) from operations	(298,008)	(69,747)
Other income (expense)
Interest expense	(54,342)	(2,585)
Total other income (expense)	(54,342)	(2,585)
Provision for income taxes
Net (loss)	$ (352,350)	$ (72,332)
Net loss per common share, basic and diluted	$ 0	$ 0
Weighted average number of common shares outstanding, basic and diluted	108,522,278	107,797,992

Consolidated Statement of Stock

Consolidated Statement of Stockholders Equity - 3 months ended Mar. 31, 2017 - USD ($)	Series A Preferred Stock	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Total
Beginning Balance, Shares at Dec. 31, 2016	596	112,044,500
Beginning Balance, Amount at Dec. 31, 2016	$ 1	$ 112,045	$ 873,410	$ (1,227,108)	$ (241,652)
Issuance of common shares to services, Shares		1,000,000
Issuance of common shares to services		$ 1,000	37,900		38,900
Issuance of preferred shares to services, Shares	1,200
Issuance of preferred shares to services	$ 1		180,599		180,600
Share exchange, shares	18,050	(90,250,000)
Share exchange, value	$ 18	$ (90,250)	90,232
Imputed interest			1,006		1,006
Net loss				(352,350)	(352,350)
Ending Balance, Shares at Mar. 31, 2017	19,846	22,794,500
Ending Balance, Amount at Mar. 31, 2017	$ 20	$ 22,795	$ 1,183,147	$ (1,579,458)	$ (373,496)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash flows from operating activities:
Net (loss)	$ (352,350)	$ (72,332)
Adjustments to reconcile net (loss) to net cash used in operating activities
Issuance of common shares to services	38,900
Issuance of preferred shares for services	180,600
Interest from conversion feature	52,908
Imputed interest on related party loan	1,006	2,585
Changes in operating assets and liabilities:
Increase in accrued payroll	25,500
Increase in accounts payable	33,520	45,962
Net cash used in operating activities	(19,916)	(23,785)
Cash flows from investing activities:
Purchase of property and equipment		(3,662)
Net cash used by investing activities		(3,662)
Cash flows from financing activities:
Increase in notes payable, related party	8,530	3,438
Payments to notes payable, related party	(50,000)
Issuance of convertible debt, net	65,000
Issuance of common stock for cash		25,000
Net cash provided by financing activities	23,530	28,438
Net increase (decrease) in cash	3,614	991
Cash-beginning of period
Cash-end of period	3,614	991
Supplemental disclosure of cash flow information:
Issuance of preferred stock in share exchange	$ 90,232

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2017
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, 2016 has been derived from audited financial statements. Operating results for the three months ended March 31, 2017 are not necessarily indicative of results that may be expected for the year ending December 31, 2017. These condensed financial statements should be read in conjunction with the audited financial statements for the year ended December 31, 2016 filed with the Company’s Form 10-K with the Securities and Exchange Commission on April 6, 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 under the Mermaid Reef Ocean Grill & Lounge™ brand. 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 distilled spirits and future 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 March 31, 2017 and December 31, 2016, 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 March 31, 2017 are as follows: Fair Value Measurement at March 31, 2017 Using: Description 3/31/17 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 $ 3,614 $ 3,614 $ - $ - Total assets $ 3,614 $ 3,614 $ - $ - Liabilities Accounts payable $ 224,272 $ 224,272 $ - $ - Accrued payroll 25,500 25,500 - - Convertible debt, net 65,000 65,000 - - Put premium 52,908 52,908 Accrued interest 427 427 - - Notes payable, related party 9,003 9,003 - - Total liabilities $ 377,110 $ 377,110 $ - $ - The estimated fair values of the Company’s financial instruments as of December 31, 2016 are as follows: Fair Value Measurement at December 31, 2016 Using: Description 12/31/16 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 $ - $ - $ - $ - Total assets $ - $ - $ - $ - Liabilities Accounts payable $ 190,976 $ 190,976 $ - $ - Notes payable, related party 50,473 50,473 - - Bank overdraft facility 203 203 - - Total liabilities $ 241,652 $ 241,652 $ - $ - 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 March 31, 2017 and 2016, 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. 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	3 Months Ended
	Mar. 31, 2017
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 fiscal period ended March 31, 2017, 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 March 31, 2017, the Company had an accumulated deficit of ($1,579,458). 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	3 Months Ended
	Mar. 31, 2017
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. The Company’s Board of Directors is authorized, without further action by the shareholders, to issue shares of preferred stock and to fix the designations, number, rights, preferences, privileges and restrictions thereof, including dividend rights, conversion rights, voting rights, terms of redemption, liquidation preferences and sinking fund terms. 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 On October 18, 2016, the Company issued 596 shares of its Series A Preferred Stock in exchange for the retirement of $44,700 in outstanding debt owed to an unrelated party. These shares of Series A Preferred stock were independently valued by Doty Scott Enterprises, Inc. at $89,698, or $150.50 a share, pursuant to the Statement of Financial Accounting Standard ASC 820-10-35-37, Fair Value in Financial Instruments On February 15, 2017, the Company issued an aggregate of 1,200 shares of restricted Series A Preferred Stock to two consultants, Cornucopia Financial Group, Inc. (720 shares) and FNX Consulting, Inc. (480 shares). Tiger Reef valued these shares at an aggregate of $180,600, or $150.50 a share. On March 27, 2017, the Company issued 18,050 shares of restricted Series A Preferred Stock in exchange for 90,250,000 shares of outstanding common stock. The ratio for this share exchange was 1 share of Series A Preferred Stock for every 5,000 shares of common stock offered. The Company’s Board of Directors subsequently cancelled the shares of common stock received in this transaction. As of March 31, 2017, the Company had 19,846 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, 2016, the Company issued an aggregate of 3,585,000 shares of its common stock for services. These shares had an aggregate value of $115,109, or an average price of $0.032 per share. During the fiscal year ended December 31, 2016, the Company issued an aggregate of 850,000 shares of its common stock for an aggregate value of $152,500 in cash, or an average price of $0.179 per share. During the three months ended March, 31, 2017, the Company issued an aggregate of 1,000,000 shares of its common stock for services. These shares had an aggregate value of $38,900, or an average price of $0.03885 per share. During the three months ended March, 31, 2017, the Company cancelled an aggregate of 90,250,000 shares of its common stock. As of March 31, 2017, the Company had 22,794,500 shares of its common stock issued and outstanding. Imputed Interest and Expenses Paid by Related Party As of March 31, 2017 and December 31, 2016, the Company had outstanding notes payable to Taurus Financial Partners, LLC (“ Taurus

Convertible Debt

Convertible Debt	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Convertible Debt	NOTE 4 – CONVERTIBLE DEBT As of March 31, 2017 and December 31, 2016, the Company had the following convertible debt: March 31, 2017 December 31, 2016 Convertible debt $ 65,000 $ - Convertible debt, net 65,000 - On March 1, 2017, the Company issued a convertible note payable for $35,000 to Eagle Equities, LLC (“ Eagle Equities On March 23, 2017, the Company issued a convertible note payable for $30,000 to Adar Bays, LLC (“ Adar Bays In addition to each of the above initial convertible promissory notes (“ Initial Convertible Notes to the Company by the lender (" Note Receivable In the event the Company redeems the Initial Convertible Notes in full, the Company is required to pay off all principal, interest and any other amounts owing multiplied by (i) 120% of the unpaid principal amount during the first 30 days; (ii) 126% of the unpaid principal amount between days 31 and 60; (iii) 132% of the unpaid principal amount between days 61 and 90; (iv) 138% of the unpaid principal amount between days 91 and 120; (v) 144% of the unpaid principal amount between days 121 and 150; and (vi) 150% of the unpaid principal amount between days 151 and 180. There shall be no redemption after the 180th day. The Back-End Notes may not be prepaid, except that if the initial convertible notes are redeemed by the Company within six months of their issuance, all obligations of the Company and holders under the Back-End Notes and the Notes Receivable will be deemed satisfied and such notes shall automatically be deemed cancelled and of no further force or effect. In the event of two specific defaults, which include the maintenance of a minimum trading price and an aggregate dollar trading volume of the Company's common shares, the holders may cancel the Back-End Notes and the related Notes Receivable and otherwise in the event of other defaults as defined in the securities purchase agreement, the amount of principal and accrued interest will become immediately due and payable and may be offset by amounts due to the Company by the holders. Additionally, the Back-End Notes will bear default interest at a rate of 16% per annum, or the highest rate of interest permitted by law. Since the Back-End Notes are not convertible until the Notes Receivable are paid and also not for 180 days from the note dates, and the Notes Receivable and Back-End Notes have a right of setoff, the Notes Receivable and Back-End Notes and related accrued interest receivable and payable have been netted for presentation purposes on the accompanying consolidated balance sheet.

Continency_Legal

Continency/Legal	3 Months Ended
	Mar. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Contingency/Legal	NOTE 5 – CONTINGENCY/LEGAL As of March 31, 2017, 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	3 Months Ended
	Mar. 31, 2017
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 6 – RELATED PARTY TRANSACTIONS As of March 31, 2017 and December 31, 2016, the Company had outstanding notes payable to Taurus Financial Partners, LLC (“ Taurus

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2017
Subsequent Events [Abstract]
Subsequent Events	NOTE 7 – SUBSEQUENT EVENTS Issuance of Convertible Notes Subsequent to the fiscal period ended March 31, 2017 the Company concluded financing involving three investors. The table below summarizes each investor and the amount of financing received in this financing. A more comprehensive disclosure relating to this financing is hereby incorporated by reference to the Form 8-Ks filed with the SEC on April 7, 2017 and April 21, 2017. Date Issued Name of Investor Face Amount of Note April 3, 2017 Crown Bridge Partners, LLC $ 37,000 April 3, 2017 EMA Financial, LLC 42,500 April 17, 2017 Blackbridge Capital Growth Fund, LLC 75,000 $ 154,500 No other material events or transactions have occurred during this subsequent event reporting period which required recognition or disclosure in the financial statements.

Summary of Significant Accoun14

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2017
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, 2016 has been derived from audited financial statements. Operating results for the three months ended March 31, 2017 are not necessarily indicative of results that may be expected for the year ending December 31, 2017. These condensed financial statements should be read in conjunction with the audited financial statements for the year ended December 31, 2016 filed with the Company’s Form 10-K with the Securities and Exchange Commission on April 6, 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 under the Mermaid Reef Ocean Grill & Lounge™ brand. 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 distilled spirits and future 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 March 31, 2017 and December 31, 2016, 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 March 31, 2017 are as follows: Fair Value Measurement at March 31, 2017 Using: Description 3/31/17 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 $ 3,614 $ 3,614 $ - $ - Total assets $ 3,614 $ 3,614 $ - $ - Liabilities Accounts payable $ 224,272 $ 224,272 $ - $ - Accrued payroll 25,500 25,500 - - Convertible debt, net 65,000 65,000 - - Put premium 52,908 52,908 Accrued interest 427 427 - - Notes payable, related party 9,003 9,003 - - Total liabilities $ 377,110 $ 377,110 $ - $ - The estimated fair values of the Company’s financial instruments as of December 31, 2016 are as follows: Fair Value Measurement at December 31, 2016 Using: Description 12/31/16 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 $ - $ - $ - $ - Total assets $ - $ - $ - $ - Liabilities Accounts payable $ 190,976 $ 190,976 $ - $ - Notes payable, related party 50,473 50,473 - - Bank overdraft facility 203 203 - - Total liabilities $ 241,652 $ 241,652 $ - $ -
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 March 31, 2017 and 2016, the Company had no dilutive financial instruments issued or outstanding.
Revenue Recognition	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.
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 Accoun15

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2017
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 March 31, 2017 are as follows: Fair Value Measurement at March 31, 2017 Using: Description 3/31/17 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 $ 3,614 $ 3,614 $ - $ - Total assets $ 3,614 $ 3,614 $ - $ - Liabilities Accounts payable $ 224,272 $ 224,272 $ - $ - Accrued payroll 25,500 25,500 - - Convertible debt, net 65,000 65,000 - - Put premium 52,908 52,908 Accrued interest 427 427 - - Notes payable, related party 9,003 9,003 - - Total liabilities $ 377,110 $ 377,110 $ - $ - The estimated fair values of the Company’s financial instruments as of December 31, 2016 are as follows: Fair Value Measurement at December 31, 2016 Using: Description 12/31/16 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 $ - $ - $ - $ - Total assets $ - $ - $ - $ - Liabilities Accounts payable $ 190,976 $ 190,976 $ - $ - Notes payable, related party 50,473 50,473 - - Bank overdraft facility 203 203 - - Total liabilities $ 241,652 $ 241,652 $ - $ -

Convertible Debt (Tables)

Convertible Debt (Tables)	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Convertible Debt	March 31, 2017 December 31, 2016 Convertible debt $ 65,000 $ - Convertible debt, net 65,000 -

Subsequent Events (Tables)

Subsequent Events (Tables)	3 Months Ended
	Mar. 31, 2017
Subsequent Events Tables
Issuance of Convertible Notes	Date Issued Name of Investor Face Amount of Note April 3, 2017 Crown Bridge Partners, LLC $ 37,000 April 3, 2017 EMA Financial, LLC 42,500 April 17, 2017 Blackbridge Capital Growth Fund, LLC 75,000 $ 154,500

Summary of Significant Accoun18

Summary of Significant Accounting Policies - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash and equivalents	$ 3,614
Total assets measured at fair value	3,614
Accounts payable	224,272	190,976
Accrued payroll	25,500
Convertible debt, net	65,000
Put premium	52,908
Accrued interest	427
Notes payable, related party	9,003	50,473
Bank overdraft facility		203
Total liabilities measured at fair value	377,110	241,652
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	3,614
Total assets measured at fair value	3,614
Accounts payable	224,272	190,976
Accrued payroll	25,500
Convertible debt, net	65,000
Put premium	52,908
Accrued interest	427
Notes payable, related party	9,003	50,473
Bank overdraft facility		203
Total liabilities measured at fair value	$ 377,110	241,652
Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Cash and equivalents
Accounts payable
Notes payable, related party
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

Going Concern (Details)

Going Concern (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Going Concern Details
Accumulated deficit	$ (1,579,458)	$ (1,227,108)

Preferred Stock (Details Narrat

Preferred Stock (Details Narrative) - USD ($)	2 Months Ended	3 Months Ended			10 Months Ended		12 Months Ended
	Feb. 15, 2017	Mar. 31, 2017	Mar. 27, 2017	Mar. 31, 2016	Oct. 18, 2016	Nov. 02, 2015	Dec. 31, 2016
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		$ 427
Issuance of preferred shares to services		180,600
Share exchange, value
Conversion of debt to preferred stock		$ 90,232
Series A Preferred stock [Member]
Preferred Stock, Shares Authorized		250,000					250,000
Preferred stock, par value		$ 0.001					$ 0.001
Preferred stock, issued		19,846					596
Preferred stock,outstanding		19,846					596
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.
Issuance of preferred shares to services, Shares	1,200
Issuance of preferred shares to services	$ 180,600
Share exchange, shares			18,050
Share exchange, terms			The ratio for this share exchange was 1 share of Series A Preferred Stock for every 5,000 shares of common stock offered.
Stock issued for accounts payable, shares						97,625
Stock issued for accounts payable						$ 97,625
Conversion of debt to preferred stock, shares		596					596
Conversion of debt to preferred stock		$ 1			$ 89,698		$ 44,700
Price Per Unit	$ 150.50				$ 150.50
Loss on debt conversion					$ (44,998)
Imputed interest		$ 1,006					$ 6,754
Common stock [Member]
Share exchange, shares			90,250,000
Price Per Unit		$ 0.03885					$ 0.032
Loss on debt conversion		$ (41,470)

Common Stock - Common Stock (De

Common Stock - Common Stock (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Class of Stock [Line Items]
Common stock, authorized	500,000,000	500,000,000
Common stock, issued	22,794,500	112,044,500
Common stock,outstanding	22,794,500	112,044,500
Issuance of common shares to services	$ 38,900
Short-term notes payable, related party	$ 9,003	$ 50,473
Common Stock [Member]
Class of Stock [Line Items]
Issuance of common shares to services, Shares	1,000,000	3,585,000
Issuance of common shares to services	$ 38,900	$ 115,109
Price Per Unit	$ 0.03885	$ 0.032
Issuance of common shares for cash, Shares		850,000
Issuance of common shares for cash		$ 152,500
Price Per Unit		$ 0.179
Common stock, cancelled	90,250,000
Loss on debt conversion	$ (41,470)

Convertible Debt - Convertible

Convertible Debt - Convertible Debt (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Debt Disclosure [Abstract]
Convertible debt, net	$ 65,000

Convertible Debt (Details Narra

Convertible Debt (Details Narrative) - USD ($)	2 Months Ended	3 Months Ended
	Mar. 01, 2017	Mar. 23, 2017	Mar. 31, 2017	Dec. 31, 2016
Put premium			$ 52,908
Accrued interest			$ 427
Eagle Equities, LLC [Member]
Date Issued	Mar. 1, 2017
Face Amount of Note	$ 35,000
Interest Rate	8.00%
Put premium	$ 28,363
Accrued interest	$ 230
Adar Bays, LLC [Member]
Date Issued		Mar. 23, 2017
Face Amount of Note		$ 30,000
Interest Rate		8.00%
Put premium		$ 24,545
Accrued interest		$ 197

Convertible Debt (Details Nar24

Convertible Debt (Details Narrative) (Parenthetical)	2 Months Ended	3 Months Ended
	Mar. 01, 2017	Mar. 23, 2017
Eagle Equities, LLC [Member]
Debt Terms	On March 1, 2017, the Company issued a convertible note payable for $35,000 to Eagle Equities, LLC (“ Eagle Equities
Adar Bays, LLC [Member]
Debt Terms		On March 1, 2017, the Company issued a convertible note payable for $35,000 to Eagle Equities, LLC (“ Eagle Equities

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Short-term note payable (related party)	$ 9,003	$ 50,473
Taurus [Member]
Short-term note payable (related party)	9,003	$ 50,473
Imputed interest	1,006
Reduction of note payable (related party)	$ (41,470)

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)	3 Months Ended	4 Months Ended
	Apr. 03, 2017	Apr. 17, 2017
Crown Bridge Partners, LLC [Member]
Date Issued	Apr. 3, 2017
Face Amount of Note	$ 37,000
EMA Financial, LLC [Member]
Date Issued	Apr. 3, 2017
Face Amount of Note	$ 42,500
Blackbridge Capital Growth Fund, LLC [Member]
Date Issued		Apr. 17, 2017
Face Amount of Note		$ 75,000
Total Debt [Member]
Face Amount of Note		$ 154,500