Teardroppers 10-Q 21 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	3 Months Ended
	Mar. 31, 2019shares
Document And Entity Information
Entity Registrant Name	Teardroppers, Inc.
Entity Central Index Key	0001615780
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding	45,920,000
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2019
Entity Small Business	true
Entity Emerging Growth	false
Entity Ex Transition Period	true

Condensed Balance Sheets (Unaud

Condensed Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Current Assets
Cash	$ 50,259	$ 71,858
Lease receivable	850	0
Prepaid expenses	3,039	6,641
Total Current Assets	54,148	78,499
Fixed Assets
Cost	288,089	288,089
Less accumulated depreciation	(85,529)	(71,125)
Fixed assets, net	202,560	216,964
Total Assets	256,708	295,463
Current Liabilities
Accounts payable	201,287	187,862
Accounts payable - related parties	252,975	280,288
Customer deposits	14,500	14,500
Deferred Revenue	16,000	16,000
Current portion of long term debt	32,358	31,501
Accrued interest - unrelated parties	145,632	145,632
Line of credit from related party	281,545	225,695
Accrued interest - related parties	25,196	19,566
Total current liabilities	969,493	921,044
Long-term note payable (net of current portion)	133,632	142,031
Total Liabilities	1,103,125	1,064,075
Stockholders' Deficit
Preferred stock, par value $0.001, 20,000,000 shares authorized, 0 shares issued	0	0
Common stock, par value $0.001, authorized 200,000,000 shares, issued 45,920,000	45,920	45,920
Additional paid in capital	828,558	828,558
Accumulated deficit	(1,720,895)	(1,642,090)
Total Stockholders' Deficit	(846,417)	(767,612)
Total Liabilities and Stockholders' Deficit	$ 256,708	$ 295,463

Condensed Balance Sheets (Una_2

Condensed Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Preferred stock, par value	$ .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	$ .001	$ .001
Common stock, shares authorized	200,000,000	100,000,000
Common stock, shares issued	45,920,000	45,920,000
Common stock, shares outstanding	45,920,000	45,920,000

Condensed Statements of Operati

Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Statement [Abstract]
Revenues	$ 13,275	$ 4,000
Costs of revenues	0	0
Gross margin	13,275	4,000
Operating Expenses
Consulting - related party	27,000	26,500
Consulting - unrelated party	26,486	5,000
General and administrative	26,169	23,450
Professional fees	2,125	3,262
Total operating expenses	81,780	58,212
Operating income (loss)	(68,505)	(54,212)
Other income (expense)
Interest expense - related parties	(10,300)	(467)
Interest expense - unrelated parties	0	(16,262)
Total other expenses	(10,300)	(16,729)
Net Income Before Taxes	(78,805)	(70,941)
Income Tax Provision	0	0
Net loss	$ (78,805)	$ (70,941)
Net loss per share (Basic and fully diluted)	$ 0	$ 0
Weighted average common shares outstanding	45,920,000	41,530,889

Condensed Statements of Stockho

Condensed Statements of Stockholders' Equity (Deficit) (Unaudited) - USD ($)	Common Stock	Additional Paid-In Capital	Retained Earnings / Accumulated Deficit	Total
Beginning balance, shares at Dec. 31, 2017	41,550,000
Beginning balance, value at Dec. 31, 2017	$ 41,550	$ 283,728	$ (1,262,880)	$ (937,602)
Assets acquired in exchange for stock, shares	140,000
Assets acquired in exchange for stock, value	$ 140	27,860		28,000
Assets sold for cancellation of stock, shares	(160,000)
Assets sold for cancellation of stock, value	$ (160)	(18,640)		(18,800)
Net loss			(70,941)	(70,941)
Ending balance, shares at Mar. 31, 2018	41,530,000
Ending balance, value at Mar. 31, 2018	$ 41,530	292,948	(1,333,821)	(999,343)
Beginning balance, shares at Dec. 31, 2018	45,920,000
Beginning balance, value at Dec. 31, 2018	$ 45,920	828,558	(1,642,090)	(767,612)
Net loss			(78,805)	(78,805)
Ending balance, shares at Mar. 31, 2019	45,920,000
Ending balance, value at Mar. 31, 2019	$ 45,920	$ 717,447	$ (1,720,895)	$ (846,417)

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (78,805)	$ (70,941)
Adjustments to reconcile net loss to net cash provided by (used for) operating activities:
Depreciation	14,404	12,767
Changes in Operating Assets and Liabilities
Increase in lease receivable	(850)	0
Increase (decrease) in prepaid expenses	3,602	(2,780)
Increase accounts payable	13,425	10,312
Increase (decrease) in accounts payable - related parties	(27,313)	24,340
Increase in accrued interest	0	6,382
Increase in accrued interest - related parties	5,630	467
Increase in deferred revenue	0	12,000
Net cash used for operating activities	(69,907)	(7,453)
CASH FLOWS FROM INVESTING ACTIVITIES
Net cash provided by investing activities	0	0
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from line of credit, unrelated party	0	75,000
Principal payments on long term debt	(7,542)	(2,020)
Proceeds from line of credit to related party	55,850	54,750
Repayments on line of credit, related party	0	(44,050)
Net cash provided by financing activities	48,308	83,680
Net Increase (Decrease) in Cash	(21,599)	76,227
Cash at The Beginning of The Period	71,858	40,027
Cash at The End of The Period	50,259	116,254
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Assets acquired for debt	0	28,000
Debt converted to stock	0	(28,000)
Assets sold for cancellation of stock	0	(18,800)
Interest	4,670	9,880
Franchise and income tax	$ 0	$ 0

1. Organization and Description

1. Organization and Description of Business	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Description of Business	NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS On June 3, 2013, Teardroppers, Inc. (the “Company”), was incorporated under the laws of the state of Nevada. We are in the business of mobile billboard advertising, providing billboard advertising space on custom designed "Teardrop Trailers" and various sizes of cargo type trailers. Teardrop Trailers, are usually designed for short-period accommodations for vacationers and travelers. Teardrop Trailers are designed to be towed behind new and vintage vehicles and pickup trucks. In addition, we own cargo trailers with flat non rivet panel siding that can be used for hauling and transportation. These trailers range in size from 15 feet to 53 feet. We lease these trailers for transportation of goods and for advertising of their respective business or the businesses of lessee clients.

2. Summary of Significant Accou

2. Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation The Company’s 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 months ended March 31, 2019 are not necessarily indicative of the final results that may be expected for the year ended December 31, 2019. 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, 2018 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 management’s 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. 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 Company’s financial assets and liabilities, such as cash, accounts payable, accrued expenses, and deferred revenue approximate their fair value because of the short-term maturity of those instruments. The Company’s note payable approximates the fair value of such instruments based upon management’s best estimate of interest rates that would be available to the Company for similar financial arrangements at March 31, 2019 and December 31, 2018. The Company had no assets or liabilities measured at fair value on a recurring basis for as of March 31, 2019 and December 31, 2018, 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 On January 1, 2018, the Company adopted the provisions of ASC 606 Revenue from Contracts with Customers, and related Accounting Standards Updates. This new revenue recognition standard has a five step process: a) Determine whether a contract exists; b) Identify the performance obligations; c) Determine the transaction price; d) Allocate the transaction price; and e) Recognize revenue when (or as) performance obligations are satisfied. The impact of the Company’s initial application of ASC 606 did not have a material impact on its financial statements and disclosures. The primary source of revenue is from the rental of advertising space on custom designed Teardrop Trailers. The length of the rental agreements varies from one to thirty days. Customers pay in advance and revenue is recognized based on the number of days of each contract that have expired. For the three months ended March 31, 2019 and 2018 the Company recognized no income from the rental of the trailers. In March 2018, the Company entered into a four-year agreement to lease equipment to an unrelated third party. As of March 31, 2019, and 2018, recognized lease income was $12,000 and $4,000, respectively. In January 2019, the Company entered into a two-year agreement to lease a vehicle to an unrelated third party. The lease is classified as an operating lease. The term of the lease is 24 months at $425 per month. The vehicle being leased is reported on the balance sheet in fixed assets at a cost of $30,089. Lease income is reported each month as the payments are due. As of March 31, 2019, recognized lease income was $1,275 on the Statement of Operations. The payments received are reported as an operating activity on the Statement of Cash Flows. 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 March 31, 2019 and 2018, respectively. Subsequent events The Company follows the guidance in ASC 855-10-50 for the disclosure of subsequent events. The Company will evaluate subsequent events through the date the financial statements were issued. Recently issued accounting pronouncements The Company has implemented all new accounting pronouncements that are in effect and applicable to the Company. 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	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern	NOTE 3 – 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. Property and Equipment

4. Property and Equipment	3 Months Ended
	Mar. 31, 2019
Fixed Assets
Property and Equipment	NOTE 4 – PROPERTY AND EQUIPMENT Property and equipment consists of the following at March 31, 2019 and December 31, 2018: March 31, 2019 December 31, 2018 Property and equipment, net $ 288,089 $ 288,089 Less: accumulated depreciation (85,529 ) (71,125 ) Property and equipment, net $ 202,560 $ 216,964 Depreciation expense for the three months ended March 31, 2019 and 2018 was $14,404 and $12,767 respectively. On February 22, 2018, the Company sold a 1971 Corvette LS-5 to a related part for the cancellation of 160,000 shares of stock. On March 1, 2018, the Company purchased a 2013 Ford F-150 truck from a related party for use in the business operations at a cost of $28,000. The vehicle was acquired from the father of the majority shareholder. The debt was immediately converted into 140,000 shares of stock at $.20 per share. On December 22, 2018, the Company acquired a Ford F-150 truck for use in the business operations from the majority shareholder. The agreement was in the form of a long-term lease and was recorded at $30,089, the net present value of the lease payments. See Note 7 for additional details.

5. Loan Payable

5. Loan Payable	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Loan Payable	NOTE 5 – LOAN PAYABLE During 2014, the Company entered into a loan agreement with Gemini Southern, LLC whereby the monies paid to the Company by Gemini Southern, LLC pursuant to the consulting agreement dated September 20, 2013. The balance will be paid back with interest commencing on January 1, 2015 at a rate of 10% per annum with a maturity date of December 12, 2018. On April 1, 2018, the balance of the debt, $525,000, was converted into 4,375,000 of common stock. As of March 31, 2019, and December 31, 2018, the loan amount was $0. The Company recorded accrued interest on this loan of $145,632 as of March 31, 2019 and December 31, 2018, respectively. The accrued interest was not part of the conversion agreement and continues to be reflected as a liability. Effective April 1, 2018, the line of credit is considered related party debt. See Note 7 for details of the transactions.

6. Line of Credit from Related

6. Line of Credit from Related Party	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Line of Credit from Related Party	NOTE 6 – 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, 2018, 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 March 31, 2019, and December 31, 2018, the balance of the line of credit was $56,545 and $695, respectively. The Company recorded accrued interest of $9,902 and $9,820 on the line of credit at March 31, 2019 and December 31, 2018, 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 March 31, 2019, and December 31, 2018 the balance of the line of credit was $0. The Company recorded accrued interest of $4,732 at March 31, 2019 and December 31, 2018, respectively. During 2014, the Company entered into a line of credit agreement with Gemini Southern, LLC. On April 1, 2018, the Company converted $525,000 of debt owed to Gemini Southern, LLC into 4,375,000 shares of stock. Gemini Southern, LLC will be treated as a related party for all activity from the date of the conversion forward. The line of credit is a demand loan with a maximum of $450,000 bearing interest at 10%, maturing December 2019. At March 31, 2019, and December 31, 2018, the balance due on the line was $225,000. The Company recorded accrued interest of $10,562 and $5,014 as of March 31, 2019 and December 31, 2018, respectively.

7. Long-term Liabilities- Relat

7. Long-term Liabilities- Related Party	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Long-term Liabilities- Related Party	NOTE 7 – LONG-TERM LIABILITIES – RELATED PARTY On October 1, 2017, the Company acquired from Gemini Southern, LLC a 2006 Ultra-Comp 53” NASCAR type vehicle transport hauler (the “Hauler”) to be used for promotional / advertising services. The purchase price of the Hauler was $165,000. The Company paid for the Hauler with a promissory note (the “Hauler Note”). The Hauler Note bears interest at 12% per annum and is payable as follows: (i) interest only from October 1, 2017 through February 28, 2018; (ii) $ $3,670 per month from March 1, 2018 through February 28, 2022; and $45,000 on February 1, 2022. The trailer is collateral for the promissory note. The balance of the loan was $137,105 and $143,866 as of March 31, 2019 and December 31, 2018, respectively. Accrued interest was $0 at March 31, 2019 and December 31, 2018, respectively. Principal payments for the next five years will be as follows: 2019 $ 28,299 2020 31,888 2021 35,932 2022 47,747 2023 – Total $ 143,866 On December 22, 2018, the Company leased a vehicle from the majority shareholder. The term of the lease is 84 months with payments of $423 per month. At the end of the lease the Company can purchase the vehicle for $2,500. As of March 31, 2019, it is reasonably expected that the Company will exercise the purchase option. The value of the asset and corresponding liability at the date of inception was $30,089, the net present value of the lease payments, including the purchase option, using an interest rate of 6.649% in accordance with the provisions of ASC 842. The balance of the lease liability at March 31, 2019 and December 31, 2018 was $28,885 and $29,666, respectively. Principal payments for the next five years will be as follows: 2019 $ 3,202 2020 3,422 2021 3,656 2022 3,907 2023 4,175 Total $ 18,362

8. Other Related Party Transact

8. Other Related Party Transactions	3 Months Ended
	Mar. 31, 2019
Related Party Transactions [Abstract]
Other Related Party Transactions	NOTE 8 – OTHER RELATED PARTY TRANSACTIONS 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 months ended March 31, 2019 and March 31, 2018, the Company recorded consulting fee expense to DEVCAP of $22,500. The amount due but unpaid is $202,975 and $229,865 at March 31, 2019 and December 31, 2018, respectively, and is included in accounts payable related parties on the balance sheet. Consulting expense to related party (Ray Gerrity) On January 1, 2014, the Company entered into a verbal consulting agreement with its Chief Executive Officer, Ray Gerrity, whereby the Company agreed to pay $2,500 per quarter for consulting services related to his duties as Chief Executive Officer. For the three months ended March 31, 2019 and 2018, the Company recorded consulting fee expense of $0 and $2,500, respectively. The amount due but unpaid was $32,500 at March 31, 2019 and December 31, 2018, respectively, and was included on the balance sheet as accounts payable - related parties. Ray Gerrity resigned his position effective March 31, 2018. Consulting expense to related party (Cody Ware) On January 1, 2019, the Company entered into a verbal consulting agreement with its Chief Executive Officer, Cody Ware, whereby the Company agreed to pay $1,500 per month for consulting services related to his duties as Chief Executive Officer. For the three months ended March 31, 2019 the Company recorded consulting fee expense of $4,500. All fees were paid as of March 31, 2019.

9. Stockholders' Deficit

9. Stockholders' Deficit	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Stockholders' Equity (Deficit)	NOTE 9 – 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 200,000,000 shares of common stock and 20,000,000 shares of preferred stock, both $0.001 par value.

10. Subsequent Events

10. Subsequent Events	3 Months Ended
	Mar. 31, 2019
Subsequent Events [Abstract]
Subsequent Events	NOTE 10 – 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 Acc_2

2. Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The Company’s 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 months ended March 31, 2019 are not necessarily indicative of the final results that may be expected for the year ended December 31, 2019. 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, 2018 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 management’s 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.
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 Company’s financial assets and liabilities, such as cash, accounts payable, accrued expenses, and deferred revenue approximate their fair value because of the short-term maturity of those instruments. The Company’s note payable approximates the fair value of such instruments based upon management’s best estimate of interest rates that would be available to the Company for similar financial arrangements at March 31, 2019 and December 31, 2018. The Company had no assets or liabilities measured at fair value on a recurring basis for as of March 31, 2019 and December 31, 2018, 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 On January 1, 2018, the Company adopted the provisions of ASC 606 Revenue from Contracts with Customers, and related Accounting Standards Updates. This new revenue recognition standard has a five step process: a) Determine whether a contract exists; b) Identify the performance obligations; c) Determine the transaction price; d) Allocate the transaction price; and e) Recognize revenue when (or as) performance obligations are satisfied. The impact of the Company’s initial application of ASC 606 did not have a material impact on its financial statements and disclosures. The primary source of revenue is from the rental of advertising space on custom designed Teardrop Trailers. The length of the rental agreements varies from one to thirty days. Customers pay in advance and revenue is recognized based on the number of days of each contract that have expired. For the three months ended March 31, 2019 and 2018 the Company recognized no income from the rental of the trailers. In March 2018, the Company entered into a four-year agreement to lease equipment to an unrelated third party. As of March 31, 2019, and 2018, recognized lease income was $12,000 and $4,000, respectively. In January 2019, the Company entered into a two-year agreement to lease a vehicle to an unrelated third party. The lease is classified as an operating lease. The term of the lease is 24 months at $425 per month. The vehicle being leased is reported on the balance sheet in fixed assets at a cost of $30,089. Lease income is reported each month as the payments are due. As of March 31, 2019, recognized lease income was $1,275 on the Statement of Operations. The payments received are reported as an operating activity on the Statement of Cash Flows.
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 March 31, 2019 and 2018, respectively.
Subsequent events	Subsequent events The Company follows the guidance in ASC 855-10-50 for the disclosure of subsequent events. The Company will evaluate subsequent events through the date the financial statements were issued.
Recently Issued Accounting Pronouncements	Recently issued accounting pronouncements The Company has implemented all new accounting pronouncements that are in effect and applicable to the Company. 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.

4. Property and Equipment (Tabl

4. Property and Equipment (Tables)	3 Months Ended
	Mar. 31, 2019
Fixed Assets
Property and equipment	March 31, 2019 December 31, 2018 Property and equipment, net $ 288,089 $ 288,089 Less: accumulated depreciation (85,529 ) (71,125 ) Property and equipment, net $ 202,560 $ 216,964

7. Long-term Liabilities- Rel_2

7. Long-term Liabilities- Related Party (Tables)	3 Months Ended
	Mar. 31, 2019
Hauler [Member]
Maturity of Long-term Debt	2019 $ 28,299 2020 31,888 2021 35,932 2022 47,747 2023 – Total $ 143,866
Other Vehicle [Member]
Maturity of Long-term Debt	2019 $ 3,202 2020 3,422 2021 3,656 2022 3,907 2023 4,175 Total $ 18,362

2. Summary of Significant Acc_3

2. Summary of Significant Accounting Policies (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Fair value of assets/liabilities	$ 0		$ 0
Potentially dilutive shares outstanding	0	0
Rental of trailers [Member]
Revenues from contracts with customers	$ 0	$ 0
Leased Equipment [Member]
Revenues from contracts with customers	12,000	4,000
Leased Vehicle [Member]
Revenues from contracts with customers	$ 1,275	$ 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. Property and Equipment (Deta

4. Property and Equipment (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Fixed Assets
Property and equipment, gross	$ 288,089	$ 288,089
Less: Accumulated depreciation	(85,529)	(71,125)
Property and equipment, net	$ 202,560	$ 216,964

4. Property and Equipment (De_2

4. Property and Equipment (Details Narrative) - USD ($)	2 Months Ended		3 Months Ended		12 Months Ended
	Mar. 01, 2018	Feb. 22, 2018	Mar. 31, 2019	Mar. 31, 2018	Dec. 22, 2018
Depreciation expense			$ 14,404	$ 12,767
Stock issued for purchase of vehicle, value				$ 28,000
1971 Corvette LS-5 [Member]
Vehicle sold for cancellation of stock, shares cancelled		160,000
1971 Chevrolet Corvette [Member]
Stock issued for purchase of vehicle, shares				160,000
Stock issued for purchase of vehicle, value				$ 24,000
1995 Featherlite Trailer [Member]
Stock issued for purchase of vehicle, shares				300,000
Stock issued for purchase of vehicle, value				$ 60,000
NASCAR hauler [Member]
Additions to property and equipment				$ 165,000
Ford F-150 [Member]
Stock issued for purchase of vehicle, shares	140,000
Stock issued for purchase of vehicle, value	$ 28,000
Ford F-150 [Member]
Additions to property and equipment					$ 30,089

5. Loan Payable (Details Narrat

5. Loan Payable (Details Narrative) - Gemini Southern [Member] - USD ($)	3 Months Ended
	Apr. 01, 2018	Mar. 31, 2019	Dec. 31, 2018
Debt converted, amount converted	$ 525,000
Debt converted, shares issued	4,375,000
Loan balance		$ 0	$ 0
Accrued interest		$ 145,632	$ 145,632

6. Line of Credit from Relate_2

6. Line of Credit from Related Party (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Mar. 31, 2019	Apr. 01, 2018	Jul. 05, 2017	Dec. 31, 2018
Credit line balance	$ 281,545			$ 225,695
Accrued interest	145,632			145,632
Gemini Southern [Member]
Debt converted, amount converted		$ 525,000
Debt converted, shares issued		4,375,000
DEVCAP Partners, LLC [Member]
Line of credit maximum amount	$ 450,000
Maturity date	Dec. 31, 2019
Interest rate	10.00%
Credit line balance	$ 56,545			695
Accrued interest	9,902			9,820
General Pacific Partners, LLC [Member]
Line of credit maximum amount	$ 450,000
Interest rate	10.00%
Credit line balance	$ 0			0
Accrued interest	4,732			4,732
Debt converted, amount converted			$ 25,000
Debt converted, shares issued			500,000
Gemini Southern [Member]
Line of credit maximum amount	$ 450,000
Interest rate	10.00%
Credit line balance	$ 225,000			225,000
Accrued interest	$ 10,562			$ 5,014

7. Long-Term Liabilities - Rela

7. Long-Term Liabilities - Related Party (Details)	Mar. 31, 2019USD ($)
Hauler [Member]
Future minimum principal payment 2019	$ 28,299
Future minimum principal payment 2020	31,888
Future minimum principal payment 2021	35,932
Future minimum principal payment 2022	47,747
Future minimum principal payment 2023	0
Future minimum principal payment total	143,866
Other Vehicle [Member]
Future minimum principal payment 2019	3,202
Future minimum principal payment 2020	3,422
Future minimum principal payment 2021	3,656
Future minimum principal payment 2022	3,907
Future minimum principal payment 2023	4,175
Future minimum principal payment total	$ 18,362

7. Long-term Liabilities- Rel_3

7. Long-term Liabilities- Related Party (Details Narrative) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Hauler Note [Member]
Debt face amount	$ 165,000
Debt stated interest rate	12.00%
Note payable balance	$ 137,105	$ 143,866
Accrued interest	$ 0	0
Other Vehicle [Member]
Debt stated interest rate	6.649%
Capital lease amount	$ 28,885	$ 29,666

8. Other Related Party Transa_2

8. Other Related Party Transactions (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Consulting fees to related party	$ 27,000	$ 26,500
Accounts payable - related parties	252,975		$ 280,288
DEVCAP Partners, LLC [Member]
Consulting fees to related party	22,500	22,500
Accounts payable - related parties	202,975		229,865
Ray Gerrity [Member]
Consulting fees to related party	0	2,500
Accounts payable - related parties	32,500		32,500
Robert Wilson [Member]
Consulting fees to related party	0	$ 2,500
Accounts payable - related parties	$ 17,500		$ 17,500
Larry Krough [Member]
Stock issued for services, shares	15,000
Stock issued for services, value	$ 15,000
Cody Ware [Member]
Consulting fees to related party	$ 4,500

9. Stockholders' Deficit (Detai

9. Stockholders' Deficit (Details Narrative) - shares	Mar. 31, 2019	Dec. 31, 2018
Equity [Abstract]
Common stock, shares authorized	200,000,000	100,000,000
Preferred stock, shares authorized	20,000,000	20,000,000