Edge Data Solutions (EDGS) 10-Q 13 Aug 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Aug. 13, 2019
Document And Entity Information
Entity Registrant Name	Blockchain Holdings Capital Ventures, Inc.
Entity Central Index Key	0001614826
Document Type	10-Q
Document Period End Date	Jun. 30, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		5,551,217
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2019

Balance Sheets

Balance Sheets - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Current Assets:
Cash and cash equivalents	$ 15,295	$ 6,293
Total Current Assets	15,295	6,293
TOTAL ASSETS	15,295	6,293
Current Liabilities:
Accounts payable	165,113	109,572
Convertible notes payable, short-term	100,000
Accrued compensation - related party	20,000	82,500
Advances from related parties	8,559
Accrued expenses	4,082	1,914
Total Current Liabilities	297,754	193,986
Total Liabilities	297,754	193,986
Commitments and Contingencies (Note 7)
Stockholders' Deficiency:
Common stock, $0.0001 par value; 150,000,000 shares authorized, 5,551,217 and 4,386,217 issued and outstanding as of June 30, 2019 and December 31, 2018, respectively.	555	438
Additional paid-in capital	40,000	40,000
Accumulated deficit	(352,831)	(257,948)
Total Stockholders' Deficiency	(282,459)	(187,693)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIENCY	15,295	6,293
Class A Super Majority Voting Preferred Stock [Member]
Stockholders' Deficiency:
Preferred stock, value	26,317	26,317
Class C Convertible Preferred Non-Voting Stock [Member]
Stockholders' Deficiency:
Preferred stock, value	$ 3,500	$ 3,500

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	150,000,000	150,000,000
Common stock, shares issued	5,551,217	4,386,217
Common stock, shares outstanding	5,551,217	4,386,217
Class A Super Majority Voting Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	7,000,000	7,000,000
Preferred stock, shares outstanding	7,000,000	7,000,000
Preferred stock, liquidation preferences	$ 26,317	$ 26,317
Class C Convertible Preferred Non-Voting Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	7,000,000	7,000,000
Preferred stock, shares outstanding	7,000,000	7,000,000
Preferred stock, liquidation preferences	$ 3,500	$ 3,500

Statements of Operations (Unaud

Statements of Operations (Unaudited) - USD ($)	3 Months Ended		5 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2018	Jun. 30, 2019
Revenues:
Total Revenue		$ 287,526	$ 118,070
Total Cost of Goods Sold		(218,571)	(82,500)
Gross Margin		68,955	35,570
Operating Expenses:
Sales and marketing	9,788	34,087	35,333	13,370
General and administrative	61,405	2,683	4,701	77,019
Impairment of long-lived assets			26,550
Total Operating Expenses	71,193	36,770	66,584	90,389
Income/(Loss) from operations	(71,193)	(1,200)	2,371	(90,389)
Other Income and Expense
Interest expense	(4,034)			(4,494)
Total Other Income (Expense)	(4,034)			(4,494)
Net Income/(Loss)	$ (75,227)	$ (1,200)	$ 2,371	$ (94,883)
Net Income/(Loss) per share (basic and diluted)	$ (0.01)	$ 0	$ 0.01	$ (0.02)
Weighted average number of common shares outstanding (basic and diluted)	5,477,591	401,250	401,195	5,115,250
Equipment Sales - Related Party [Member]
Revenues:
Total Revenue			$ 150,104
Consulting and Management Fee Revenue - Related Party [Member]
Revenues:
Total Revenue			18,954
Equipment Sales [Member]
Revenues:
Total Revenue		70,700	70,700
Consulting and Management Fee Revenue [Member]
Revenues:
Total Revenue		44,380	44,380
Mining Commission Revenue - Related Party [Member]
Revenues:
Total Revenue		2,990	3,388
Cost of Goods Sold - Related Party [Member]
Revenues:
Total Cost of Goods Sold		$ (82,500)	$ (218,571)

Statements of Cash Flows (Unaud

Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended		5 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Cash Flows from Operating Activities
Net Income/(Loss)	$ (75,227)	$ (1,200)	$ 2,371	$ (94,883)	$ 2,371
Adjustments to reconcile net income/(loss) to net cash (used for) operating activities:
Stock-based compensation	25			117
Impairment of long-lived assets			26,550
Changes in operating assets and liabilities:
Change in accounts payable				55,541
Change in accrued compensation - related party				(62,500)
Change in accrued expenses				2,168
Net Cash Provided by/(Used in) Operating Activities			28,921	(99,557)
Cash Flows from Investing Activities
Purchase of property and equipment			(26,550)
Net Cash Used in Investing Activities			(26,550)
Cash Flows from Financing Activities
Advances from related parties				8,559
Proceeds from issuance of short-term convertible debt				100,000
Net Cash Provided by Financing Activities				108,559
Net Change In Cash			2,371	9,002
Cash at Beginning of Period				6,293
Cash at End of Period	$ 15,295	$ 2,371	$ 2,371	$ 15,295	$ 2,371

Statement of Stockholders' Defi

Statement of Stockholders' Deficiency (Unaudited) - USD ($)	3 Months Ended		5 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Common Stock [Member]
Balance				$ 438	$ 40
Balance Pre-Split, shares				438,621,667	40,000,000
Balance Post-Split, shares				4,386,217	400,000
Balance, shares
Issuance of common stock for compensation, Pre-Split shares				116,500,000	125,000
Issuance of common stock for compensation, Post-Split shares				1,165,000	1,250
Issuance of common stock for compensation				$ 117
Net income (loss)
Balance	$ 555	$ 40	$ 40	$ 555	$ 40
Balance Pre-Split, shares	555,121,667	40,125,000	40,125,000	555,121,667	40,125,000
Balance Post-Split, shares	5,551,217	401,250	401,250	5,551,217	401,250
Balance, shares
Additional Paid-in Capital [Member]
Balance				$ 40,000	$ 4,761
Issuance of common stock for compensation
Net income (loss)
Balance	$ 40,000	$ 4,761	$ 4,761	40,000	4,761
Accumulated Deficit [Member]
Balance				(257,948)	(49,259)
Issuance of common stock for compensation
Net income (loss)				(94,883)	2,371
Balance	(352,831)	(46,888)	(46,888)	(352,831)	(46,888)
Class A Preferred Stock [Member]
Balance				$ 26,317	$ 1,000
Balance Pre-Split, shares
Balance Post-Split, shares
Balance, shares				7,000,000	10,000,000
Issuance of common stock for compensation, Pre-Split shares
Issuance of common stock for compensation, Post-Split shares
Issuance of common stock for compensation
Net income (loss)
Balance	$ 26,317	$ 1,000	$ 1,000	$ 26,317	$ 1,000
Balance Pre-Split, shares
Balance Post-Split, shares
Balance, shares	7,000,000	10,000,000	10,000,000	7,000,000	10,000,000
Class C Convertible Preferred Stock [Member]
Balance				$ 3,500
Balance Pre-Split, shares
Balance Post-Split, shares
Balance, shares				7,000,000
Issuance of common stock for compensation, Pre-Split shares
Issuance of common stock for compensation, Post-Split shares
Issuance of common stock for compensation
Net income (loss)
Balance	$ 3,500			$ 3,500
Balance Pre-Split, shares
Balance Post-Split, shares
Balance, shares	7,000,000			7,000,000
Balance				$ (187,693)	$ (43,458)
Issuance of common stock for compensation				117
Net income (loss)	$ (75,227)	$ (1,200)	$ 2,371	(94,883)	2,371
Balance	$ (282,459)	$ (41,087)	$ (41,087)	$ (282,459)	$ (41,087)

Organization and Nature of Oper

Organization and Nature of Operations	6 Months Ended
	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Nature of Operations	NOTE 1: ORGANIZATION AND NATURE OF OPERATIONS BLOCKCHAIN HOLDINGS CAPITAL VENTURES, INC. (the “Company”), formerly Southeastern Holdings, Inc. (formerly Safe Lane Systems, Inc.) was incorporated in the State of Colorado on September 10, 2013. Safe Lane Systems, Inc. redomiciled to become a Delaware holding corporation in September of 2016. On September 22, 2016, Safe Lane Systems, Inc. formed two wholly owned subsidiaries, SLS Industrial, Inc and Southeastern Holdings, Inc. (both Delaware corporations) and on September 30, 2016 completed a merger and reorganization in which Southeastern Holdings, Inc. (now Blockchain Holdings Capital Ventures, Inc.) became the holding company. On December 1, 2016, the Company spun off its wholly owned subsidiary, SLS Industrial, Inc., along with its assets and liabilities, leaving Southeastern Holdings, Inc. as the only surviving entity. On August 23, 2018, the Company entered into a Bill of Sale and Assignment and Assumption Agreement with Blockchain Holdings, LLC (“Blockchain”) pursuant to which the Company purchased all of the assets of Blockchain which are used in the business of sourcing of blockchain mining equipment from various suppliers for their customers and also providing management of the equipment hosted, mining pools and tech work on such equipment. The Company issued 300,000,000 (equivalent to 3,000,000 after the reverse split) shares of its common stock, par value $.0001 to the members of Blockchain in exchange for the assets of Blockchain. On August 30, 2018 the Company changed its name to Blockchain Holdings Capital Ventures, Inc. Business description Blockchain Holdings Capital Ventures, Inc. is a holding company with a foundation on building out a network of next generation, decentralized data centers in support of the rapid growth driven by advanced computing technologies, including blockchain. Centralized infrastructure facilities servicing multiple geographical areas encounter many issues such as data congestion and weak network connections. To address this, data processing is moving closer to the customer. BHCV offers low-cost, secure colocation and private data hosting to meet this demand for Edge and micro data centers. Technologies that are driving the movement range from cloud or information services, communications, networking, blockchain mining, disaster recovery solutions, AI, IoT, Big data, rendering, 5G, retail, healthcare, financial services, Smart Cities and self-driving cars. BHCV’s data centers will generate revenue immediately after being deployed with a blockchain mining solution. These will be strategically placed to support both Edge customers and blockchain mining simultaneously. The modular design and ability to add additional data centers as needed, preserves up front capital allowing for rapid deployment and scalability as business demand increases. After further evaluation of the market the Company has made the decision to lease properties for the data center deployment rather than purchase at this time.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and the interim reporting rules of the Securities and Exchange Commission (“SEC”) and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s latest Annual Report filed with the SEC on Form 10-K. In the opinion of management, all adjustments, consisting of normal recurring adjustments (unless otherwise indicated), necessary for a fair presentation of the financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures 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. Cash Equivalents and Concentration of Cash Balance The Company considers all highly liquid securities with an original maturity of less than three months to be cash equivalents. The Company’s cash and cash equivalents in bank deposit accounts, at times, may exceed federally insured limits. As of June 30, 2019 and December 31, 2018, the Company’s cash balances did not exceed federally insured limits. Fair Value of Financial Instruments Financial Accounting Standards Board (“FASB”) guidance specifies a hierarchy of valuation techniques based on whether the inputs to those valuation techniques are observable or unobservable. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect market assumptions. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurement). The three levels of the fair value hierarchy are as follows: Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level 1 primarily consists of financial instruments whose value is based on quoted market prices such as exchange-traded instruments and listed equities. Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly (e.g., quoted prices of similar assets or liabilities inactive markets, or quoted prices for identical or similar assets or liabilities in markets that are not active). Level 3 - Unobservable inputs for the asset or liability. Financial instruments are considered Level 3 when their fair values are determined using pricing models, discounted cash flows or similar techniques and at least one significant model assumption or input is unobservable. The carrying amounts reported in the balance sheets approximate their fair value. Revenue Recognition The Company recognizes revenue under ASC 606, using the following five-step model, which requires that the Company: (1) identify a contract with the customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to performance obligations and (5) recognize revenue as performance obligations are satisfied. The Company’s revenue streams historically consisted of three components: 1. Equipment sales – The Company purchases and resells equipment, recognizing the equipment’s original costs and costs to deliver such to the customer as costs of goods sold. 2. Consulting and management fees – These fees consist of various services provided to companies entering the blockchain space and range from equipment setup to facility management to general consulting. 3. Coin mining commissions – On an ongoing basis, the Company collects a 5% commission on coins processed by its management clients. While the Company generated early revenue from the aforementioned sources, the Company has shifted its focus to finding, building, vetting and acquiring assets to support computing demands including the blockchain space and is not currently pursuing operations that historically have generated revenue. There can be no assurances that these efforts will generate future revenue. Stock-Based Compensation The Company accounts for share-based payments pursuant to ASC 718, “Stock Compensation” and, accordingly, the Company records compensation expense for share-based awards based upon an assessment of the grant date fair value for stock options and restricted stock awards using the Black-Scholes option pricing model. Stock compensation expense for stock options is recognized over the vesting period of the award or expensed immediately when stock or options are awarded for previous or current service without further recourse. In February and March 2019, the Company granted advisors and consultants 915,000 shares of common stock in connection with services provided. 875,000 of these shares vested immediately, and 40,000 vested in June 2019. In April and May 2019, the Company issued 250,000 fully-vested shares of common stock to advisors and consultants in connection for services provided. The Company recognized stock-based compensation expense of $25 and $117 during the three and six months ended June 30, 2019. Income Taxes The Company is subject to taxation in various jurisdictions and may be subject to examination by various authorities. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets, including tax loss and credit carryforwards, and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Deferred income tax expense represents the change during the period in the deferred tax assets and deferred tax liabilities. The components of the deferred tax assets and liabilities are individually classified as current and non-current based on their characteristics. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. The Company recognizes the amount of taxes payable or refundable for the current year and recognizes deferred tax liabilities and assets for the expected future tax consequences of events and transactions that have been recognized in the Company’s financial statements or tax returns.

Going Concern

Going Concern	6 Months Ended
	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern	NOTE 3: GOING CONCERN As shown in the accompanying financial statements as of June 30, 2019, the Company had $15,295 of cash, as compared to total current liabilities of $297,754, has incurred substantial operating losses, and had an accumulated deficit of $352,831. Furthermore, the Company’s revenue history has been limited and unstable, and there can be no assurances of future revenues. Given these factors, the Company is dependent on financing from outside parties, and management intends to pursue outside capital through debt and equity vehicles. There is no assurance that these efforts will materialize or be successful or sufficient to fund operations and meet obligations as they come due. The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, however, the above conditions raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments to reflect the possible future effect on the recoverability and classification of assets or the amounts and classifications of liabilities that may result should the Company be unable to continue as a going concern.

Stockholders' Deficiency

Stockholders' Deficiency	6 Months Ended
	Jun. 30, 2019
Equity [Abstract]
Stockholders' Deficiency	NOTE 4: STOCKHOLDERS’ DEFICIENCY The Company has designated ten million (10,000,000) shares of its preferred stock, par value $0.001 as Class A Preferred Super Majority Voting Stock (“Class A”). The Class A shares have the right to vote upon matters submitted to the holders of common stock, par value $0.0001 of the Company. Class A shares have a vote equal to the number of shares of common stock of the Company which would give the holders of the Class A shares a vote equal to sixty percent (60%) of the common stock. This vote shall be exercised pro-rata by the holders of the Class A. The Company shall have the right to redeem, in its sole and absolute discretion, at any time one (1) year after the date of issuance of such Class A shares, all or any portion of the shares of Class A at a price of one cent ($0.01) per share. On October 4, 2018, the Company issued a total of 7,000,000 Class A shares to its CEO and COO as stock-based compensation for services rendered. The Company has not currently authorized a Class B designation of Preferred Stock. The Company has designated ten million (10,000,000) shares of its preferred stock, par value $0.001 as Class C Convertible Preferred Non-Voting Stock (“Class C”). Each share of Class C shall be convertible into five (5) shares of common stock. The holders of Class C shall be entitled to receive the same dividend as the holders of the common stock and such dividend shall be paid pro rata per share on a fully converted basis. The holders of Class C shall have piggyback registration rights. The Company shall have the right to redeem, in its sole and absolute discretion, at any time after five (5) years, all or any portion of the shares of Class C at a price of five dollars ($5.00) per share. The Class C shares shall be considered to have a junior liquidation preference to Class A shares and a senior dividend preference to Class A shares. On October 4, 2018, the Company issued a total of 7,000,000 Class C shares to its CEO and COO as stock-based compensation for services rendered. Subsequently, in April 2019, the Company filed an amended and restated certificate of designation, which restricts the CEO and COO from converting the 7,000,000 shares into common stock for 36 months from the issuance date. As of June 30, 2019, the Company was authorized to issue 150,000,000 shares of common stock. All common stock shares have full dividend and voting rights. However, it is not anticipated that the Company will be declaring dividends in the foreseeable future. As of June 30, 2019, the Company had 5,551,217 common shares outstanding. As of June 30, 2019, 7,000,000 shares of Class A Preferred Stock and 7,000,000 shares of Class C Preferred Stock were issued and outstanding.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2019
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 5: RELATED PARTY TRANSACTIONS As of June 30, 2019 and December 31, 2018, accrued consulting fees due to the CEO and COO totaled $20,000 and $82,500, respectively. During the three months ended June 2019, the Company paid $37,500 and $25,000 to entities owned by the CEO and COO, respectively, as payment for $62,500 of the accrued consulting fees. The Company does not currently have consulting or employment agreements with these individuals, and as a result, these fees may fluctuate from time to time. While the Company believes these individuals were appropriately classified as contractors and has accordingly neither paid nor accrued payroll taxes, these payments may result in future tax liabilities should the Internal Revenue Service deem these individuals to be employees. During the six months ended June 30, 2019, the Company’s CEO advanced $7,244, and the COO advanced $1,315 to fund operations. These advances bear no interest, are unsecured, and are due on demand. During the period from February 5, 2018 (Inception) through June 30, 2018, The Company paid out an estimated $398 in cryptocurrency as commissions to its CEO and COO from the Company’s mining operations and included this in sales and marketing expense. These commissions are included in sales and marketing expense on the statement of operations. During the period from February 5, 2018 (Inception) through June 30, 2018, the Company’s revenues and costs of goods sold included the following related party transactions: Management and Consulting Fees Equipment Sales Mining Commissions Customer February 5, 2018 (Inception) through February 5, 2018 (Inception) through February 5, 2018 (Inception) through ChineseInvestors.com, Inc. (1) $ 18,954 $ 141,263 $ 398 Paul Dickman (2) - 2,391 - Delray Wannemacher (3) - 6,450 - Total related party revenue $ 18,954 $ 150,104 $ 398 Cost of goods sold - (136,071 ) - Gross margin $ 18,954 $ 14,033 $ 398 (1) Paul Dickman, the Company’s former CEO, is the CFO of ChineseInvestors.com, Inc. and is therefore deemed to exercise significant influence. (2) Paul Dickman is the Company’s former CEO. (3) Delray Wannemacher is the Company’s current CEO.

Convertible Notes

Convertible Notes	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Convertible Notes	NOTE 6: CONVERTIBLE NOTES In May 2019, the Company issued short-term convertible notes for total proceeds of $100,000. These notes mature one year from execution and accrue interest at a rate of 10% per annum. Conversion terms call for conversion of principal and accrued interest at 70% of the stock price upon closing any offering resulting in aggregate financing of at least $1,000,000. The Company evaluated the convertible notes in light of ASC 470 and determined that a beneficial conversion feature exists. However, given the lack of a market for the Company’s stock, the Company concluded that such a feature would be trivial in value and allocated the full principal amount to the convertible note liability. During the six months ended June 30, 2019, the Company recorded interest expense of $1,322, resulting in accrued interest of $1,322 as of June 30, 2019.

Concentrations, Commitments and

Concentrations, Commitments and Contingencies	6 Months Ended
	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Concentrations, Commitments and Contingencies	NOTE 7: CONCENTRATIONS, COMMITMENTS AND CONTINGENCIES During the period from February 5, 2018 (Inception) through June 30, 2018, the Company identified a 57% concentration in overall revenue from one customer, which concentration it deemed significant. The Company identified no significant concentrations for the three months ended June 30, 2019.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Jun. 30, 2019
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	NOTE 8: RECENT ACCOUNTING PRONOUNCEMENTS In February 2016, the FASB issued ASU 2016-02, “Leases” (Topic 842). This ASU requires a lessee to recognize a right-of-use asset and a lease liability under most operating leases in its balance sheet. The ASU is effective for annual and interim periods beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. The Company has adopted this accounting policy on January 1, 2019 and has determined that it currently does not impact the Company’s financial statements. Management does not believe that any other recently issued, but not yet effective, accounting standards could have a material effect on the accompanying financial statements. As new accounting pronouncements are issued, we will adopt those that are applicable under the circumstances.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and the interim reporting rules of the Securities and Exchange Commission (“SEC”) and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s latest Annual Report filed with the SEC on Form 10-K. In the opinion of management, all adjustments, consisting of normal recurring adjustments (unless otherwise indicated), necessary for a fair presentation of the financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures 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.
Cash Equivalents and Concentration of Cash Balance	Cash Equivalents and Concentration of Cash Balance The Company considers all highly liquid securities with an original maturity of less than three months to be cash equivalents. The Company’s cash and cash equivalents in bank deposit accounts, at times, may exceed federally insured limits. As of June 30, 2019 and December 31, 2018, the Company’s cash balances did not exceed federally insured limits.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Financial Accounting Standards Board (“FASB”) guidance specifies a hierarchy of valuation techniques based on whether the inputs to those valuation techniques are observable or unobservable. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect market assumptions. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurement). The three levels of the fair value hierarchy are as follows: Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level 1 primarily consists of financial instruments whose value is based on quoted market prices such as exchange-traded instruments and listed equities. Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly (e.g., quoted prices of similar assets or liabilities inactive markets, or quoted prices for identical or similar assets or liabilities in markets that are not active). Level 3 - Unobservable inputs for the asset or liability. Financial instruments are considered Level 3 when their fair values are determined using pricing models, discounted cash flows or similar techniques and at least one significant model assumption or input is unobservable. The carrying amounts reported in the balance sheets approximate their fair value.
Revenue Recognition	Revenue Recognition The Company recognizes revenue under ASC 606, using the following five-step model, which requires that the Company: (1) identify a contract with the customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to performance obligations and (5) recognize revenue as performance obligations are satisfied. The Company’s revenue streams historically consisted of three components: 1. Equipment sales – The Company purchases and resells equipment, recognizing the equipment’s original costs and costs to deliver such to the customer as costs of goods sold. 2. Consulting and management fees – These fees consist of various services provided to companies entering the blockchain space and range from equipment setup to facility management to general consulting. 3. Coin mining commissions – On an ongoing basis, the Company collects a 5% commission on coins processed by its management clients. While the Company generated early revenue from the aforementioned sources, the Company has shifted its focus to finding, building, vetting and acquiring assets to support computing demands including the blockchain space and is not currently pursuing operations that historically have generated revenue. There can be no assurances that these efforts will generate future revenue.
Stock-Based Compensation	Stock-Based Compensation The Company accounts for share-based payments pursuant to ASC 718, “Stock Compensation” and, accordingly, the Company records compensation expense for share-based awards based upon an assessment of the grant date fair value for stock options and restricted stock awards using the Black-Scholes option pricing model. Stock compensation expense for stock options is recognized over the vesting period of the award or expensed immediately when stock or options are awarded for previous or current service without further recourse. In February and March 2019, the Company granted advisors and consultants 915,000 shares of common stock in connection with services provided. 875,000 of these shares vested immediately, and 40,000 vested in June 2019. In April and May 2019, the Company issued 250,000 fully-vested shares of common stock to advisors and consultants in connection for services provided. The Company recognized stock-based compensation expense of $25 and $117 during the three and six months ended June 30, 2019.
Income Taxes	Income Taxes The Company is subject to taxation in various jurisdictions and may be subject to examination by various authorities. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets, including tax loss and credit carryforwards, and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Deferred income tax expense represents the change during the period in the deferred tax assets and deferred tax liabilities. The components of the deferred tax assets and liabilities are individually classified as current and non-current based on their characteristics. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. The Company recognizes the amount of taxes payable or refundable for the current year and recognizes deferred tax liabilities and assets for the expected future tax consequences of events and transactions that have been recognized in the Company’s financial statements or tax returns.

Related Party Transactions (Tab

Related Party Transactions (Tables)	6 Months Ended
	Jun. 30, 2019
Related Party Transactions [Abstract]
Schedule of Revenues and Costs of Goods Sold Included in Related Party Transactions	During the period from February 5, 2018 (Inception) through June 30, 2018, the Company’s revenues and costs of goods sold included the following related party transactions: Management and Consulting Fees Equipment Sales Mining Commissions Customer February 5, 2018 (Inception) through February 5, 2018 (Inception) through February 5, 2018 (Inception) through ChineseInvestors.com, Inc. (1) $ 18,954 $ 141,263 $ 398 Paul Dickman (2) - 2,391 - Delray Wannemacher (3) - 6,450 - Total related party revenue $ 18,954 $ 150,104 $ 398 Cost of goods sold - (136,071 ) - Gross margin $ 18,954 $ 14,033 $ 398 (1) Paul Dickman, the Company’s former CEO, is the CFO of ChineseInvestors.com, Inc. and is therefore deemed to exercise significant influence. (2) Paul Dickman is the Company’s former CEO. (3) Delray Wannemacher is the Company’s current CEO.

Organization and Nature of Op_2

Organization and Nature of Operations (Details Narrative) - $ / shares	Aug. 23, 2018	Jun. 30, 2019	Dec. 31, 2018
Common stock, par value		$ 0.0001	$ 0.0001
Blockchain Holdings, LLC [Member]
Number of common stock issued	300,000,000
Number of shares issued equivalent to reverse split	3,000,000
Common stock, par value	$ 0.0001

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	1 Months Ended					2 Months Ended	3 Months Ended	5 Months Ended	6 Months Ended
	Jun. 30, 2019	May 31, 2019	Apr. 30, 2019	Mar. 31, 2019	Feb. 28, 2019	Mar. 31, 2019	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019
Stock-based compensation expense							$ 25		$ 117
Advisors and Consultants [Member]
Number of common stock shares granted for services provided		$ 250,000	$ 250,000	$ 915,000	$ 915,000
Number of shares vested	40,000					875,000

Going Concern (Details Narrativ

Going Concern (Details Narrative) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash	$ 15,295	$ 6,293
Total current liabilities	297,754	193,986
Accumulated deficit	$ (352,831)	$ (257,948)

Stockholders' Deficiency (Detai

Stockholders' Deficiency (Details Narrative) - $ / shares	Oct. 04, 2018	Apr. 30, 2019	Jun. 30, 2019	Dec. 31, 2018
Common stock, par value			$ 0.0001	$ 0.0001
Common stock, shares authorized			150,000,000	150,000,000
Common stock, shares outstanding			5,551,217	4,386,217
Class A Super Majority Voting Preferred Stock [Member]
Preferred stock shares designated			10,000,000	10,000,000
Preferred stock, par value			$ 0.001	$ 0.001
Voting percentage for common stock			Class A shares a vote equal to sixty percent (60%) of the common stock
Right to redeemable, description			The Company shall have the right to redeem, in its sole and absolute discretion, at any time one (1) year after the date of issuance of such Class A shares, all or any portion of the shares of Class A at a price of one cent ($0.01) per share.
Preferred stock issued			7,000,000	7,000,000
Preferred stock outstanding			7,000,000	7,000,000
Class A Super Majority Voting Preferred Stock [Member] | Chief Executive Officer and Chief Operating Officer [Member]
Stock issued during period stock-based compensation, shares	7,000,000
Class C Convertible Preferred Non-Voting Stock [Member]
Preferred stock shares designated			10,000,000	10,000,000
Preferred stock, par value			$ 0.001	$ 0.001
Right to redeemable, description			The Company shall have the right to redeem, in its sole and absolute discretion, at any time after five (5) years, all or any portion of the shares of Class C at a price of five dollars ($5.00) per share.
Conversion of common stock, description			Each share of Class C shall be convertible into five (5) shares of common stock.
Preferred stock, redemption price per share			$ 5
Preferred stock issued			7,000,000	7,000,000
Preferred stock outstanding			7,000,000	7,000,000
Class C Convertible Preferred Non-Voting Stock [Member] | Chief Executive Officer and Chief Operating Officer [Member]
Stock issued during period stock-based compensation, shares	7,000,000
Number of shares restricted for conversion		7,000,000

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	2 Months Ended	3 Months Ended	5 Months Ended	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Dec. 31, 2018
Payment for accrued consulting fees		$ 62,500
Advance from related party				$ 8,559
Company [Member]
Payment for accrued consulting fees		37,500
Chief Executive Officer and Chief Operating Officer [Member]
Accrued consulting fees during period		20,000		$ 20,000	$ 82,500
Payment for accrued consulting fees		25,000
Cryptocurrency as commission on mining operations	$ 398
Chief Executive Officer [Member]
Advance from related party		7,244
Chief Operating Officer [Member]
Advance from related party		$ 1,315

Related Party Transactions - Sc

Related Party Transactions - Schedule of Revenues and Costs of Goods Sold Included in Related Party Transactions (Details) - USD ($)		3 Months Ended		5 Months Ended	6 Months Ended
		Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2018	Jun. 30, 2019
Related Party Transaction [Line Items]
Cost of goods sold			$ (218,571)	$ (82,500)
Gross margin			$ 68,955	35,570
Management and Consulting Fees [Member]
Related Party Transaction [Line Items]
Total related party revenue				18,954
Cost of goods sold
Gross margin				18,954
Management and Consulting Fees [Member] | ChineseInvestors.com, Inc. [Member]
Related Party Transaction [Line Items]
Total related party revenue	[1]			18,954
Management and Consulting Fees [Member] | Paul Dickman [Member]]
Related Party Transaction [Line Items]
Total related party revenue	[2]
Management and Consulting Fees [Member] | Delray Wannemacher [Member]
Related Party Transaction [Line Items]
Total related party revenue	[3]
Equipment Sales [Member] | ChineseInvestors.com, Inc. [Member]
Related Party Transaction [Line Items]
Total related party revenue	[1]			141,263
Equipment Sales [Member] | Paul Dickman [Member]]
Related Party Transaction [Line Items]
Total related party revenue	[2]			2,391
Equipment Sales [Member] | Delray Wannemacher [Member]
Related Party Transaction [Line Items]
Total related party revenue	[3]			6,450
Equipment Sales [Member]
Related Party Transaction [Line Items]
Total related party revenue				150,104
Cost of goods sold				(136,071)
Gross margin				14,033
Mining Commissions [Member]
Related Party Transaction [Line Items]
Total related party revenue				398
Cost of goods sold
Gross margin				398
Mining Commissions [Member] | ChineseInvestors.com, Inc. [Member]
Related Party Transaction [Line Items]
Total related party revenue	[1]			398
Mining Commissions [Member] | Paul Dickman [Member]]
Related Party Transaction [Line Items]
Total related party revenue	[2]
Mining Commissions [Member] | Delray Wannemacher [Member]
Related Party Transaction [Line Items]
Total related party revenue	[3]
[1]	Paul Dickman, the Company's former CEO, is the CFO of ChineseInvestors.com, Inc. and is therefore deemed to exercise significant influence.
[2]	Paul Dickman is the Company's former CEO.
[3]	Delray Wannemacher is the Company's current CEO.

Convertible Notes (Details Narr

Convertible Notes (Details Narrative)	1 Months Ended	6 Months Ended
	May 31, 2019USD ($)	Jun. 30, 2019USD ($)
Interest expense, debt		$ 1,322
Accrued interest, debt		$ 1,322
Minimum [Member]
Aggregate financing	$ 1,000,000
Convertible Debt [Member]
Proceeds from short-term convertible note	$ 100,000
Debt instrument, interest rate	10.00%
Debt instrument, term	1 year
Debt instrument, convertible, threshold percentage of stock price	0.70

Concentrations, Commitments a_2

Concentrations, Commitments and Contingencies (Details Narrative)	2 Months Ended	3 Months Ended
	Jun. 30, 2018	Jun. 30, 2019
Concentration risk, percentage
One Customer [Member]
Concentration risk, percentage	57.00%