Document and Entity Information
Document and Entity Information | 6 Months Ended |
Jun. 30, 2016shares | |
Document And Entity Information | |
Entity Registrant Name | Teardroppers, Inc. |
Entity Central Index Key | 1,615,780 |
Document Type | 10-Q |
Document Period End Date | Jun. 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 | 38,000,000 |
Document Fiscal Period Focus | Q2 |
Document Fiscal Year Focus | 2,016 |
Condensed Balance Sheets (Unaud
Condensed Balance Sheets (Unaudited) - USD ($) | Jun. 30, 2016 | Dec. 31, 2015 |
Current Assets | ||
Cash | $ 80,606 | $ 46,899 |
Total Current Assets | 80,606 | 46,899 |
Fixed Assets: | ||
Cost | 10,859 | 41,785 |
Less: Accumulated depreciation | (1,806) | (3,047) |
Fixed assets, net | 9,053 | 38,738 |
Total Assets | 89,659 | 85,637 |
Current Liabilities | ||
Accounts payable | 74,763 | 52,763 |
Accounts payable - related parties | 128,359 | 67,500 |
Customer deposits | 14,500 | 14,500 |
Loan payable | 450,000 | 450,000 |
Line of credit from related parties | 123,860 | 75,835 |
Accrued interest | 66,831 | 44,300 |
Accrued interest - related parties | 4,052 | 2,003 |
Total current liabilities | 862,365 | 706,901 |
Total Liabilities | 862,365 | 706,901 |
Stockholders' Equity (Deficit): | ||
Preferred stock, par value $0.001, authorized 20,000,000 shares, issued shares 0 | 0 | 0 |
Common stock, par value $0.001, authorized 100,000,000 shares issued 37,750,000 and 38,000,000 shares, respectively | 37,750 | 38,000 |
Additional paid in capital | 36,528 | 69,385 |
Accumulated deficit | (846,984) | (728,649) |
Total Stockholders' Equity (Deficit) | (772,706) | (621,264) |
Total Liabilities and Stockholders' Equity (Deficit) | $ 89,659 | $ 85,637 |
Condensed Balance Sheets (Unau3
Condensed Balance Sheets (Unaudited) (Parenthetical) - $ / shares | Jun. 30, 2016 | Dec. 31, 2015 |
Statement of Financial Position [Abstract] | ||
Preferred stock, par value | $ 0.001 | $ .001 |
Preferred stock, shares authorized | 20,000,000 | 20,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value | $ 0.001 | $ .001 |
Common stock, shares authorized | 100,000,000 | 100,000,000 |
Common stock, shares issued | 37,750,000 | 38,000,000 |
Common stock, shares outstanding | 37,750,000 | 38,000,000 |
Condensed Statements of Operati
Condensed Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Income Statement [Abstract] | ||||
Revenues | $ 6,010 | $ 0 | $ 6,010 | $ 0 |
Total Revenue | 6,010 | 0 | 6,010 | 0 |
Costs of sales | 0 | 0 | 0 | 0 |
Gross Margin | 6,010 | 0 | 6,010 | 0 |
Operating Expenses: | ||||
Consulting | 0 | 2,500 | 0 | 13,000 |
Consulting - related parties | 28,000 | 0 | 55,500 | 44,889 |
General and administrative | 10,903 | 1,950 | 23,537 | 18,874 |
Professional fees | 17,734 | 14,501 | 20,728 | 35,263 |
Operating Expenses | 56,637 | 18,951 | 99,765 | 112,026 |
Operating Income (loss) | (50,627) | (18,951) | (93,755) | (112,026) |
Other Income (Expense) | ||||
Interest expense - related parties | (1,241) | (140) | (2,049) | (162) |
Interest Expense - unrelated parties | (10,942) | (11,079) | (22,531) | (21,474) |
Total Other Income (Expense) | (12,183) | (11,219) | (24,580) | (21,636) |
Net Income Before Taxes | (62,810) | (30,170) | (118,335) | (133,662) |
Income Tax Provision | 0 | 0 | 0 | 0 |
Net Income (loss) | $ (62,810) | $ (30,170) | $ (118,335) | $ (133,662) |
Net income (loss) per share - (basic and fully diluted) | $ 0 | $ 0 | $ 0 | $ 0 |
Weighted average number of common shares outstanding | 37,793,956 | 37,750,000 | 37,896,409 | 37,756,630 |
Condensed Statements of Stockho
Condensed Statements of Stockholders' Equity (Deficit) (Unaudited) - 6 months ended Jun. 30, 2016 - USD ($) | Preferred Stock | Common Stock | Additional Paid-In Capital | Retained Earnings / Accumulated Deficit | Total |
Beginning balance, shares at Dec. 31, 2015 | 0 | 38,000,000 | |||
Beginning balance, value at Dec. 31, 2015 | $ 0 | $ 38,000 | $ 69,385 | $ (728,649) | $ (621,264) |
Asset transferred for the cancellation of shares, shares | 0 | (250,000) | |||
Asset transferred for the cancellation of shares, value | $ 0 | $ (250) | (32,857) | (33,107) | |
Net loss for the period | (118,335) | (118,335) | |||
Ending balance, shares at Jun. 30, 2016 | 0 | 37,750,000 | |||
Ending balance, value at Jun. 30, 2016 | $ 0 | $ 37,750 | $ 36,528 | $ (846,984) | $ (772,706) |
Condensed Statements of Cash Fl
Condensed Statements of Cash Flows (Unaudited) - USD ($) | 6 Months Ended | |
Jun. 30, 2016 | Jun. 30, 2015 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net income (loss) | $ (118,335) | $ (133,662) |
Adjustments to reconcile net loss to net cash provided by (used for) operating activities: | ||
Depreciation | 2,437 | 2,000 |
Changes in Operating Assets and Liabilities | ||
Increase (decrease) accounts payable | 22,000 | 0 |
Increase (decrease) in accounts payable - related parties | 55,000 | 0 |
Increase in accrued interest | 22,531 | 21,474 |
Increase in accrued interest - related parties | 2,049 | 162 |
Net cash used for operating activities | (14,318) | (110,026) |
Net cash from investing activities | 0 | 0 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Shares repurchased and cancelled | 0 | (1,000) |
Proceeds from line of credit to related party | 140,225 | 84,000 |
Repayments on line of credit to related party | (92,200) | 0 |
Net cash provided by financing activities | 48,025 | 83,000 |
Net Increase (Decrease) in Cash | 33,707 | (27,026) |
Cash at the Beginning of the Period | 46,899 | 27,125 |
Cash at the End of the Period | 80,606 | 99 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
Interest | 0 | 0 |
Franchise and income tax | 0 | 0 |
Non-cash investing and financing activities | ||
Assets acquired with accounts payable | 5,859 | 0 |
Asset transferred for cancellation of shares | $ (33,107) | $ 0 |
1. Organization and Description
1. Organization and Description of Business | 6 Months Ended |
Jun. 30, 2016 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Organization and Description of Business | On June 3, 2013, Teardroppers, Inc. (the Company), was incorporated under the laws of the state of Nevada. We intend to enter the business of mobile billboard advertising by offering to provide billboard advertising space on custom designed "Teardrop Trailers". Teardrop Trailers, are usually designed for short-period accommodations for vacationers and travelers. Teardrop Trailers are designed to be towed behind small economy sized vehicles and pickup trucks. |
2. Summary of Significant Accou
2. Summary of Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2016 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | Basis of presentation The Companys financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). Interim Financial Statements The accompanying financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to form 10Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In our opinion the financial statements include all adjustments (consisting of normal recurring accruals) necessary in order to make the financial statements not misleading. Operating results for the three and six months ended June 30, 2016 are not necessarily indicative of the final results that may be expected for the year ended December 31, 2016. For more complete financial information, these unaudited financial statements should be read in conjunction with the audited financial statements for the year ended December 31, 2015 filed with the SEC. Use of estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Accordingly, actual results could differ from those estimates. Such estimates include managements assessments of the carrying value of certain assets, useful lives of assets, and related depreciation and amortization methods applied. Cash equivalents The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. At June 30, 2016 and December 31, 2015, the Company had no cash equivalents. Fair value of financial instruments The Company adopted the provisions of FASB Accounting Standards Codification (ASC) 820 (the Fair Value Topic) which defines fair value, establishes a framework for measuring fair value under U.S. GAAP, and expands disclosures about fair value measurements. The Fair Value Topic defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. It requires that valuation techniques maximize the use of observable inputs and minimize the use of unobservable inputs. It also establishes a fair value hierarchy, which prioritizes the valuation inputs into three broad levels. The carrying amount of the Companys financial assets and liabilities, such as cash, accounts payable, accrued expenses, and deferred revenue approximate their fair value because of the short maturity of those instruments. The Companys note payable approximates the fair value of such instruments based upon managements best estimate of interest rates that would be available to the Company for similar financial arrangements at June 30, 2016 and December 31, 2015. The Company had no assets or liabilities measured at fair value on a recurring basis for as of June 30, 2016 and December 31, 2015, respectively, using the market and income approaches. Property and equipment Property and equipment are recorded at cost. Expenditures for major additions and betterments are capitalized. Maintenance and repairs are charged to operations as incurred. Depreciation is computed by the straight-line method over the assets estimated useful life of three (3) years for equipment, five (5) years for automobile, and seven (7) years for furniture and fixtures. Upon sale or retirement of property and equipment, the related cost and accumulated depreciation are removed from the accounts and any gain or loss is reflected in statements of operations. Revenue recognition The Company follows paragraph 605-10-S99-1 of the FASB ASC for revenue recognition. The Company will recognize revenue when it is realized or realizable and earned. The Company considers mobile advertising revenue realized or realizable and earned when all of the following criteria are met: (i) persuasive evidence of an arrangement exists, (ii) the product has been shipped or the services have been rendered to the customer with an invoice delivered to the customer, (iii) the sales price is fixed or determinable and (iv) collectability is reasonably assured. In addition, the Company records allowances for accounts receivable that are estimated to not be collected. Net income (loss) per share The Company computes basic and diluted earnings per share amounts pursuant to ASC 260-10-45. Basic earnings per share is computed by dividing net income (loss) available to common shareholders, by the weighted average number of shares of common stock outstanding during the period, excluding the effects of any potentially dilutive securities. Diluted earnings per share is computed by dividing net income (loss) available to common shareholders by the diluted weighted average number of shares of common stock during the period The diluted weighted average number of common shares outstanding is the basic weighted number of shares adjusted as of the first day of the year for any potentially diluted debt or equity. There were no potentially dilutive shares outstanding as of June 30, 2016 and December 31, 2015, respectively. Reclassification Prior year amounts have been reclassified to conform to current year presentation. Recently issued accounting pronouncements The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
3. Going Concern
3. Going Concern | 6 Months Ended |
Jun. 30, 2016 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Going Concern | The Company's consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. The financial statements do not include any adjustment relating to recoverability and classification of recorded amounts of assets and liabilities that might be necessary should the Company be unable to continue as a going concern. The Company has a minimum cash balance available for payment of ongoing operating expenses. Its continued existence is dependent upon its ability to continue to execute its operating plan and to obtain additional debt or equity financing. There can be no assurance the necessary debt or equity financing will be available, or will be available on terms acceptable to the Company. |
4. Line of Credit from Related
4. Line of Credit from Related Party | 6 Months Ended |
Jun. 30, 2016 | |
Debt Disclosure [Abstract] | |
Line of Credit from Related Party | On February 25, 2014, the Company entered into a line of credit with DEVCAP Partners, LLC, a California limited liability company, for an amount up to $450,000 with a maturity date of June 1, 2017, bearing interest of 10% per annum. DEVCAP Partners, LLC is a related party to the Company as it is the majority shareholder of the Company. As of June 30, 2016 and December 31, 2015, the balance of the line of credit was $98,860 and $50,835, respectively. The Company recorded accrued interest of $1,849 and $2,203 on the line of credit at June 30, 2016 and December 31, 2015, respectively. On August 13, 2015 the company entered into a line of credit with General Pacific Partners, LLC, a California limited liability company, for an amount up to $450,000. The line of credit is a demand loan bearing interest of 10% per annum. General Pacific Partners, LLC is a related party to the Company as it is owned by a majority shareholder of the Company. As of June 30, 2016 and December 31, 2015 the balance of the line of credit was $25,000. The Company recorded accrued interest of $2,203 and $959 at June 30, 2016 and December 31, 2015, respectively. |
5. Other Related Party Transact
5. Other Related Party Transactions | 6 Months Ended |
Jun. 30, 2016 | |
Related Party Transactions [Abstract] | |
Other Related Party Transactions | Office space We currently occupy approximately 1,500 square feet of office and garage space at 3500 75th Street West, Rosamond, California. We share this space with Matthew D. Jackson, our Chief Marketing Officer. Presently, we do not incur any expenses for the use of this facility. Line of credit from related party The Company has two line of credit agreements with related parties. DEVCAP Partners, LLC is also the majority shareholder in the Company. General Pacific Partners is owned by the party that owns DEVCAP Partners, LLC. See Note 4 for further disclosure. Consulting expense to related party (DEVCAP Partners, LLC) On January 1, 2014, the Company executed a three year consulting agreement with DEVCAP Partners, LLC, (DEVCAP), whereby the Company agreed to pay $7,500 a month for consulting services to be provided to the Company such as marketing, architectural development, accounting, finance, corporate structure and tax planning. For the three and six months ended June 30, 2016, the Company recorded consulting fee expense to DEVCAP of $22,500 and $45,000, respectively. For the three and six months ended June 30, 2015, the Company recorded consulting fee expense to DEVCAP of $0 and $34,889, respectively The amount due but unpaid is $97,500 and $52,500 at June 30, 2016 and December 31, 2015, respectively, and is included on the balance sheet as accounts payable- related parties. Ray Gerrity had consulting expenses of $5,000 for the six months ended ended June 30, 2016 compared to $10,000 for the same period ended December 31, 2015. Robert Wilson had consulting expenses of $5,000 for the six months ended June 30, 2016 compared to $5,000 for the same period ended December 31, 2015. Purchase of asset through accounts payable On June 13, 2016, the Company purchased equipment for $5,859. The president of the seller is a family member of the majority shareholder of Company and therefore a related party. Sale of asset to related party On April 16, 2016, the Company returned a 1966 Ford Mustang previously purchased from DEVCAP Partners, LLC in exchange for cancellation of 250,000 shares of stock. The value of the cancelled shares was deemed to be the net book value of the vehicle on the date of transfer, $33,107. Purchase of Asset from Related Party On June 13, 2016 the company purchased a cargo trailer to be used in its primary business from a related party of our majority shareholder for $5,859 paid in cash. |
6. Stockholders' Equity (Defici
6. Stockholders' Equity (Deficit) | 6 Months Ended |
Jun. 30, 2016 | |
Equity [Abstract] | |
Stockholders' Equity (Deficit) | At the time of incorporation, the Company was authorized to issue 10,000 shares of common stock and 1,000 shares of preferred stock with a par value of $0.001. The Company amended its articles of incorporation to increase its authorized shares to 100,000,000 shares of common stock and 20,000,000 shares of preferred stock, both $0.001 par value. On October 5, 2015, the Company purchased a 1966 Ford Mustang in exchange for 250,000 shares of common stock. On April 16, 2016, the Company returned the vehicle and cancelled the shares. The value of the cancelled shares was deemed to be the book value of the vehicle at the date of cancellation, $33,107. |
7. Subsequent Events
7. Subsequent Events | 6 Months Ended |
Jun. 30, 2016 | |
Subsequent Events [Abstract] | |
Subsequent Events | Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855 and has determined that no material subsequent events exist. |
2. Summary of Significant Acc14
2. Summary of Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2016 | |
Accounting Policies [Abstract] | |
Basis of presentation | Basis of presentation The Companys financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). |
Interim Financial Statements | Interim Financial Statements The accompanying financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to form 10Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In our opinion the financial statements include all adjustments (consisting of normal recurring accruals) necessary in order to make the financial statements not misleading. Operating results for the three and six months ended June 30, 2016 are not necessarily indicative of the final results that may be expected for the year ended December 31, 2016. For more complete financial information, these unaudited financial statements should be read in conjunction with the audited financial statements for the year ended December 31, 2015 filed with the SEC. |
Use of estimates | Use of estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Accordingly, actual results could differ from those estimates. Such estimates include managements assessments of the carrying value of certain assets, useful lives of assets, and related depreciation and amortization methods applied. |
Cash equivalents | Cash equivalents The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. At June 30, 2016 and December 31, 2015, the Company had no cash equivalents. |
Fair value of financial instruments | Fair value of financial instruments The Company adopted the provisions of FASB Accounting Standards Codification (ASC) 820 (the Fair Value Topic) which defines fair value, establishes a framework for measuring fair value under U.S. GAAP, and expands disclosures about fair value measurements. The Fair Value Topic defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. It requires that valuation techniques maximize the use of observable inputs and minimize the use of unobservable inputs. It also establishes a fair value hierarchy, which prioritizes the valuation inputs into three broad levels. The carrying amount of the Companys financial assets and liabilities, such as cash, accounts payable, accrued expenses, and deferred revenue approximate their fair value because of the short maturity of those instruments. The Companys note payable approximates the fair value of such instruments based upon managements best estimate of interest rates that would be available to the Company for similar financial arrangements at June 30, 2016 and December 31, 2015. The Company had no assets or liabilities measured at fair value on a recurring basis for as of June 30, 2016 and December 31, 2015, respectively, using the market and income approaches. |
Property and equipment | Property and equipment Property and equipment are recorded at cost. Expenditures for major additions and betterments are capitalized. Maintenance and repairs are charged to operations as incurred. Depreciation is computed by the straight-line method over the assets estimated useful life of three (3) years for equipment, five (5) years for automobile, and seven (7) years for furniture and fixtures. Upon sale or retirement of property and equipment, the related cost and accumulated depreciation are removed from the accounts and any gain or loss is reflected in statements of operations. |
Revenue recognition | Revenue recognition The Company follows paragraph 605-10-S99-1 of the FASB ASC for revenue recognition. The Company will recognize revenue when it is realized or realizable and earned. The Company considers mobile advertising revenue realized or realizable and earned when all of the following criteria are met: (i) persuasive evidence of an arrangement exists, (ii) the product has been shipped or the services have been rendered to the customer with an invoice delivered to the customer, (iii) the sales price is fixed or determinable and (iv) collectability is reasonably assured. In addition, the Company records allowances for accounts receivable that are estimated to not be collected. |
Net income (loss) per share | Net income (loss) per share The Company computes basic and diluted earnings per share amounts pursuant to ASC 260-10-45. Basic earnings per share is computed by dividing net income (loss) available to common shareholders, by the weighted average number of shares of common stock outstanding during the period, excluding the effects of any potentially dilutive securities. Diluted earnings per share is computed by dividing net income (loss) available to common shareholders by the diluted weighted average number of shares of common stock during the period The diluted weighted average number of common shares outstanding is the basic weighted number of shares adjusted as of the first day of the year for any potentially diluted debt or equity. There were no potentially dilutive shares outstanding as of June 30, 2016 and December 31, 2015, respectively. |
Reclassification | Reclassification Prior year amounts have been reclassified to conform to current year presentation. |
Recently issued accounting pronouncements | Recently issued accounting pronouncements The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
2. Summary of Significant Acc15
2. Summary of Significant Accounting Policies (Details Narrative) - USD ($) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2016 | Dec. 31, 2015 | |
Cash equivalents | $ 0 | $ 0 |
Fair value of assets/liabilities | $ 0 | $ 0 |
Potentially dilutive shares outstanding | 0 | 0 |
Equipment [Member] | ||
Property and equipment estimated useful lives | P3Y | |
Automobiles [Member] | ||
Property and equipment estimated useful lives | P5Y | |
Furniture and Fixtures [Member] | ||
Property and equipment estimated useful lives | P7Y |
4. Line of Credit from Relate16
4. Line of Credit from Related Party (Details Narrative) - USD ($) | 6 Months Ended | |
Jun. 30, 2016 | Dec. 31, 2015 | |
Credit line balance | $ 123,860 | $ 75,835 |
Accrued interest | 66,831 | 44,300 |
DEVCAP Partners, LLC [Member] | ||
Line of credit maximum borrowing capacity | $ 450,000 | |
Maturity date | Jun. 1, 2017 | |
Interest rate | 10.00% | |
Credit line balance | $ 98,860 | 50,835 |
Accrued interest | 1,849 | 2,203 |
General Pacific Partners, LLC [Member] | ||
Line of credit maximum borrowing capacity | $ 450,000 | |
Interest rate | 10.00% | |
Credit line balance | $ 25,000 | 25,000 |
Accrued interest | $ 2,203 | $ 959 |
5. Other Related Party Transa17
5. Other Related Party Transactions (Details Narrative) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | |
Consulting fees to related party | $ 28,000 | $ 0 | $ 55,500 | $ 44,889 | |
Equipment purchase | 5,859 | 0 | |||
Asset transferred for the cancellation of shares, value | (33,107) | 0 | |||
DEVCAP Partners, LLC [Member] | |||||
Consulting fees to related party | 22,500 | $ 0 | 45,000 | 34,889 | $ 23,699 |
Due to related party | $ 97,500 | $ 97,500 | $ 52,500 | ||
Related Party [Member] | |||||
Asset transferred for the cancellation of shares, shares | (250,000) | ||||
Asset transferred for the cancellation of shares, value | $ (33,107) | ||||
Ray Gerrity [Member] | |||||
Consulting fees to related party | 5,000 | 10,000 | |||
Robert Wilson [Member] | |||||
Consulting fees to related party | $ 5,000 | $ 5,000 |
8. Stockholders' Equity (Detail
8. Stockholders' Equity (Details Narrative) - USD ($) | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | |
Common stock, shares authorized | 100,000,000 | 100,000,000 | |
Common stock, par value | $ 0.001 | $ .001 | |
Common stock, shares issued | 37,750,000 | 38,000,000 | |
Preferred stock, shares authorized | 20,000,000 | 20,000,000 | |
Preferred stock, par value | $ 0.001 | $ .001 | |
Asset transferred for the cancellation of shares, value | $ (33,107) | $ 0 | |
Related Party [Member] | |||
Asset transferred for the cancellation of shares, shares | (250,000) | ||
Asset transferred for the cancellation of shares, value | $ (33,107) |