Teardroppers 10-Q 15 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Nov. 01, 2019
Document And Entity Information
Entity Registrant Name	Teardroppers, Inc.
Entity Central Index Key	0001615780
Document Type	10-Q
Document Period End Date	Sep. 30, 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	Q3
Document Fiscal Year Focus	2019
Entity Small Business	true
Entity Emerging Growth	false
Entity Ex Transition Period	false
Entity File Number	333-197889
Interactive data current	Yes
State of incorporation	NV

Condensed Balance Sheets (Unaud

Condensed Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Current Assets
Cash	$ 36,068	$ 71,858
Lease receivable	425	0
Prepaid expenses	4,205	6,641
Total Current Assets	40,698	78,499
Property and equipment:
Cost	288,089	288,089
Less accumulated depreciation	(114,338)	(71,125)
Property and equipment, net	173,751	216,964
Total Assets	214,449	295,463
Current Liabilities
Accounts payable	214,662	187,862
Accounts payable - related parties	304,735	280,288
Customer deposits	14,500	14,500
Contract liability - related party	16,000	16,000
Current portion of long term debt - related party	30,950	28,299
Current portion of lease payable - related party	3,365	3,202
Accrued interest - unrelated parties	145,632	145,632
Line of credit from related party	372,405	225,695
Accrued interest - related parties	40,037	19,566
Total current liabilities	1,142,286	921,044
Notes payable	92,012	115,567
Lease payable	23,919	26,464
Total noncurrent liabilities	115,931	142,031
Total Liabilities	1,258,217	1,063,075
Commitments and Contingencies (Note 7)
Stockholders' Deficit
Preferred stock, par value $0.001, 20,000,000 shares authorized, 0 shares issued shares and outstanding, respectively	0	0
Common stock, par value $0.001, 200,000,000 shares authorized issued 45,920,000 shares issued and outstanding	45,920	45,920
Additional paid in capital	828,558	828,558
Accumulated deficit	(1,918,246)	(1,642,090)
Total Stockholders' Deficit	(1,043,768)	(767,612)
Total Liabilities and Stockholders' Deficit	$ 214,449	$ 295,463

Condensed Balance Sheets (Una_2

Condensed Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Sep. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
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	$ 0.001
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				9 Months Ended
	Sep. 30, 2019		Sep. 30, 2018		Sep. 30, 2019	Sep. 30, 2018
Revenues	$ 13,275		$ 12,000		$ 39,825	$ 28,000
Operating Expenses
Consulting from related parties	27,000		40,000		96,000	90,500
Consulting fees - unrelated parties	15,765		29,500		68,722	77,800
General and administrative	25,008		23,803		76,294	71,620
Professional fees	11,625		3,675		41,150	27,195
Total operating expenses	79,398		96,978		282,166	267,115
Operating loss	(66,123)		(84,978)		(242,341)	(239,115)
Other income (expense)
Interest expense - related parties	(12,519)		(6,401)		(33,815)	(11,869)
Interest expense - unrelated parties	0		0		0	(16,262)
Total other expenses	(12,519)		(6,401)		(33,815)	(28,131)
Net Loss Before Taxes	(78,642)		(91,379)		(276,156)	(267,246)
Income Tax Provision	0		0		0	0
Net loss	$ (78,642)		$ (91,379)		$ (276,156)	$ (267,246)
Net loss per share (Basic and fully diluted)	$ 0	[1]	$ 0	[1]	$ (0.01)	$ (0.01)
Weighted average common shares outstanding	45,920,000		45,905,000		45,920,000	44,450,549
Lease Revenue Unrelated Parties [Member]
Revenues	$ 1,275		$ 0		$ 3,825	$ 16,000
Lease Revenue Related Parties [Member]
Revenues	$ 12,000		$ 12,000		$ 36,000	$ 12,000
[1]	Denotes a loss of less than $(.01) per share.

Condensed Statements of Stockho

Condensed Statements of Stockholders' Equity (Unaudited) - USD ($)	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Total
Beginning balance, shares outstanding 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 for the period			(70,941)	(70,941)
Ending balance, shares outstanding 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 outstanding at Dec. 31, 2017	41,550,000
Beginning balance, value at Dec. 31, 2017	$ 41,550	283,728	(1,262,880)	(937,602)
Net loss for the period				(267,246)
Ending balance, shares outstanding at Sep. 30, 2018	45,905,000
Ending balance, value at Sep. 30, 2018	$ 45,905	813,573	(1,530,126)	(670,648)
Beginning balance, shares outstanding at Mar. 31, 2018	41,530,000
Beginning balance, value at Mar. 31, 2018	$ 41,530	292,948	(1,333,821)	(999,343)
Conversion of debt to stock, shares	4,375,000
Conversion of debt to stock, value	$ 4,375	520,625		525,000
Net loss for the period			(104,926)	(104,926)
Ending balance, shares outstanding at Jun. 30, 2018	45,905,000
Ending balance, value at Jun. 30, 2018	$ 45,905	813,573	(1,438,747)	(579,269)
Net loss for the period			(91,379)	(91,379)
Ending balance, shares outstanding at Sep. 30, 2018	45,905,000
Ending balance, value at Sep. 30, 2018	$ 45,905	813,573	(1,530,126)	(670,648)
Beginning balance, shares outstanding 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 for the period			(78,805)	(78,805)
Ending balance, shares outstanding at Mar. 31, 2019	45,920,000
Ending balance, value at Mar. 31, 2019	$ 45,920	828,558	(1,720,895)	(846,417)
Beginning balance, shares outstanding 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 for the period				(276,156)
Ending balance, shares outstanding at Sep. 30, 2019	45,920,000
Ending balance, value at Sep. 30, 2019	$ 45,920	828,558	(1,918,246)	(1,043,768)
Beginning balance, shares outstanding at Mar. 31, 2019	45,920,000
Beginning balance, value at Mar. 31, 2019	$ 45,920	828,558	(1,720,895)	(846,417)
Net loss for the period			(118,709)	(118,709)
Ending balance, shares outstanding at Jun. 30, 2019	45,920,000
Ending balance, value at Jun. 30, 2019	$ 45,920	828,558	(1,839,604)	(965,126)
Net loss for the period			(78,642)	(78,642)
Ending balance, shares outstanding at Sep. 30, 2019	45,920,000
Ending balance, value at Sep. 30, 2019	$ 45,920	$ 828,558	$ (1,918,246)	$ (1,043,768)

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ (276,156)	$ (267,246)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	43,213	38,567
Changes in Operating Assets and Liabilities
Increase in lease receivable	(425)	0
Decrease (Increase) in prepaid expenses	2,436	(6,576)
Increase accounts payable - unrelated parties	26,800	42,112
Increase in accounts payable - related parties	24,447	23,470
Increase in contract liability	0	16,000
Increase in accrued interest - related parties	20,471	2,526
Increase in accrued interest - unrelated parties	0	6,382
Net cash used in operating activities	(159,214)	(144,765)
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 line of credit unrelated party	0	(8,202)
Principal payments on long term debt	(20,904)	0
Principal payments on lease payable	(2,382)	0
Proceeds from line of credit to related party	371,890	278,000
Repayments on line of credit related party	(225,180)	(191,899)
Net cash provided by financing activities	123,424	152,899
Net Increase (Decrease) in Cash	(35,790)	8,134
Cash at The Beginning of The Period	71,858	40,027
Cash at The End of The Period	36,068	48,161
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest	13,344	19,223
Franchise and income tax	0	0
Non-cash investing and financing activities
Assets acquired in exchange for stock	0	28,000
Debt converted to stock	0	525,000
Assets sold for cancellation of stock	$ 0	$ (18,800)

1. Organization and Description

1. Organization and Description of Business	9 Months Ended
	Sep. 30, 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	9 Months Ended
	Sep. 30, 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”). The accompanying financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q 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 nine months ended September 30, 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 on April 12, 2019. 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 contract liability 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 September 30, 2019 and December 31, 2018. The Company had no assets or liabilities measured at fair value on a recurring basis as of September 30, 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 and nine months ended September 30, 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 shareholder. In September 2018, the son of the shareholder became the Chief Financial Officer. At that point the shareholder will be considered a related party. Beginning with the quarter ended September 30, 2018, the lease income will be reported as related party income on the Condensed Statement of Operations. For the nine months ended September 30, 2019, and 2018, related party lease income was $36,000 and $12,000 respectively. In January 2019, the Company entered into a two-year agreement to lease a vehicle to an unrelated third party. For the nine months ended September 30, 2019, recognized lease income was $3,825. 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. Potentially dilutive securities are excluded from the computation if their effect is in anti-dilutive. There were no potentially dilutive shares outstanding as of September 30, 2019 and 2018, respectively. 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	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern	The Company's 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. As of September 30, 2019, the Company has an accumulated deficit of $1,918,246 and has a net cash outflow from operating activities of $159,214. These matters raise substantial doubt about the Company’s ability to continue as a going concern for a period of twelve months from the issue date of this report. 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	9 Months Ended
	Sep. 30, 2019
Property and equipment:
Property and Equipment	NOTE 4 – PROPERTY AND EQUIPMENT Property and equipment consists of the following at September 30, 2019 and December 31, 2018: September 30, 2019 December 31, 2018 Property and equipment, purchased $ 258,000 $ 258,000 Property and equipment, leased 30,089 30,089 288,089 288,089 Less: accumulated depreciation (114,338 ) (71,125 ) Property and equipment, net $ 173,751 $ 216,964 Depreciation expense for the three and nine months ended September 30, 2019 and 2018 were $14,404 and $13,150 respectively and $43,213 and $38,567, respectively. 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	9 Months Ended
	Sep. 30, 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. On April 1, 2018, the balance of the debt, $525,000, was converted into 4,375,000 of common stock. As of September 30, 2019, and December 31, 2018, the loan amount was $0. The Company recorded accrued interest on this loan of $145,632 as of September 30, 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 6 for details of the transactions.

6. Line of Credit from Related

6. Line of Credit from Related Party	9 Months Ended
	Sep. 30, 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 (“DEVCAP”), for an amount up to $450,000 with a maturity date of June 1, 2020, bearing interest of 10% per annum. Effective July 1, 2019, the loan was assumed by FinTekk AP, LLC, a California limited liability company (“Fintekk”). The terms of the line of credit are unchanged. Both DEVCAP and FinTekk are solely owned by the majority shareholder of the Company and are related parties. As of September 30, 2019, and December 31, 2018, the balance of the line of credit was $72,405 and $695, respectively. The Company recorded accrued interest of $11,078 and $9,820 on the line of credit at September 30, 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 and matures on August 13, 2020. General Pacific Partners, LLC is a related party to the Company as it is owned by a majority shareholder of the Company. As of September 30, 2019, and December 31, 2018 the balance of the line of credit was $0. The Company recorded accrued interest of $4,732 at September 30, 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 September 30, 2019, and December 31, 2018, the balance due on the line was $300,000 and $225,000, respectively. The Company recorded accrued interest of $24,227 and $5,014 as of September 30, 2019 and December 31, 2018, respectively.

7. Long-term Liabilities- Relat

7. Long-term Liabilities- Related Party	9 Months Ended
	Sep. 30, 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 $122,962 and $143,866 as of September 30, 2019 and December 31, 2018, respectively. Accrued interest was $0 at September 30, 2019 and December 31, 2018. Future principal payments will be as follows: 2019 $ 7,395 2020 31,888 2021 35,932 2022 47,747 Total $ 122,962 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 September 30, 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 September 30, 2019 and December 31, 2018 was $27,284 and $29,666, respectively. Future lease payments will be as follows: 2019 (remainder of year) $ 1,269 2020 5,078 2021 5,078 2022 5,078 2023 5,078 Thereafter 12,233 Total payments 33,814 Less deferred interest (6,530 ) Total $ 27,284 There are no commitments or contingencies related to the long-term liabilities that are not disclosed above.

8. Related Party Transactions

8. Related Party Transactions	9 Months Ended
	Sep. 30, 2019
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 8 – 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. Effective July 1, 2019, the agreement was transferred to FinTekk AP, LLC (“FinTekk”). All amounts due to DEVCAP and all future services will be assumed by FinTekk. For the nine months ended September 30, 2019 and 2018, the Company recorded consulting fee expense of $67,500. The amount due but unpaid is $224,485 and $229,865 at September 30, 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 nine months ended September 30, 2019 and 2018, the Company recorded consulting fee expense of $0 and $2,500, respectively. The amount due but unpaid was $32,500 at September 30, 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 nine months ended September 30, 2019 the Company recorded consulting fee expense of $13,500. As of September 30, 2019, $1,500 is due and reflected in accounts payable – related parties on the balance sheet.

9. Stockholders' Deficit

9. Stockholders' Deficit	9 Months Ended
	Sep. 30, 2019
Equity [Abstract]
Stockholders' Deficit	NOTE 9 – STOCKHOLDERS’ 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.

2. Summary of Significant Acc_2

2. Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 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”). The accompanying financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q 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 nine months ended September 30, 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 on April 12, 2019.
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 contract liability 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 September 30, 2019 and December 31, 2018. The Company had no assets or liabilities measured at fair value on a recurring basis as of September 30, 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 and nine months ended September 30, 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 shareholder. In September 2018, the son of the shareholder became the Chief Financial Officer. At that point the shareholder will be considered a related party. Beginning with the quarter ended September 30, 2018, the lease income will be reported as related party income on the Condensed Statement of Operations. For the nine months ended September 30, 2019, and 2018, related party lease income was $36,000 and $12,000 respectively. In January 2019, the Company entered into a two-year agreement to lease a vehicle to an unrelated third party. For the nine months ended September 30, 2019, recognized lease income was $3,825.
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. Potentially dilutive securities are excluded from the computation if their effect is in anti-dilutive. There were no potentially dilutive shares outstanding as of September 30, 2019 and 2018, respectively.
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)	9 Months Ended
	Sep. 30, 2019
Property and equipment:
Property and equipment	September 30, 2019 December 31, 2018 Property and equipment, purchased $ 258,000 $ 258,000 Property and equipment, leased 30,089 30,089 288,089 288,089 Less: accumulated depreciation (114,338 ) (71,125 ) Property and equipment, net $ 173,751 $ 216,964

7. Long-term Liabilities- Rel_2

7. Long-term Liabilities- Related Party (Tables)	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Maturity of Long-term Debt payments	2019 $ 7,395 2020 31,888 2021 35,932 2022 47,747 Total $ 122,962
Maturities of capital lease payments	2019 (remainder of year) $ 1,269 2020 5,078 2021 5,078 2022 5,078 2023 5,078 Thereafter 12,233 Total payments 33,814 Less deferred interest (6,530 ) Total $ 27,284

2. Summary of Significant Acc_3

2. Summary of Significant Accounting Policies (Details Narrative) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Fair value of assets/liabilities	$ 0	$ 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		36,000	$ 12,000
Leased Vehicle [Member]
Revenues from contracts with customers		$ 3,825
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

3. Going Concern (Details Narra

3. Going Concern (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated deficit	$ (1,918,246)		$ (1,642,090)
Cash used in operations	$ (159,214)	$ (144,765)

4. Property and Equipment (Deta

4. Property and Equipment (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Property and equipment:
Property and equipment, purchased	$ 258,000	$ 258,000
Property and equipment, leased	30,089	30,089
Total property and equipment	288,089	288,089
Less: Accumulated depreciation	(114,338)	(71,125)
Property and equipment, net	$ 173,751	$ 216,964

4. Property and Equipment (De_2

4. Property and Equipment (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 22, 2018
Depreciation expense	$ 14,404	$ 13,150	$ 43,213	$ 38,567
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. 02, 2018	Sep. 30, 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	9 Months Ended
	Apr. 02, 2018	Sep. 30, 2019	Dec. 31, 2018
Credit line balance		$ 372,405	$ 225,695
Accrued interest		145,632	145,632
Gemini Southern [Member]
Maturity date	Dec. 31, 2019
Debt converted, amount converted	$ 525,000
Debt converted, shares issued	4,375,000
FinTekk AP, LLC [Member]
Line of credit maximum amount		$ 450,000
Maturity date		Jun. 1, 2020
Interest rate		10.00%
Credit line balance		$ 72,405	695
Accrued interest		11,078	9,820
General Pacific Partners, LLC [Member]
Line of credit maximum amount		$ 450,000
Maturity date		Aug. 13, 2020
Interest rate		10.00%
Credit line balance		$ 0	0
Accrued interest		4,732	4,732
Gemini Southern [Member]
Line of credit maximum amount		$ 450,000
Interest rate		10.00%
Credit line balance		$ 300,000	225,000
Accrued interest		$ 24,227	$ 5,014

7. Long-Term Liabilities - Rela

7. Long-Term Liabilities - Related Party (Details - Debt maturities) - Hauler [Member]	Sep. 30, 2019USD ($)
Future minimum principal payment 2019	$ 7,395
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 total	$ 122,962

7. Long-term Liabilities- Rel_3

7. Long-term Liabilities- Related Party (Details - Capital lease maturities)	Sep. 30, 2019USD ($)
Debt Disclosure [Abstract]
2019 (remainder of year)	$ 1,269
2020	5,078
2021	5,078
2022	5,078
2023	5,078
Thereafter	12,233
Total minimum lease payments	33,814
Less deferred interest	(6,530)
Total minimum operating lease payments	$ 27,284

7. Long-term Liabilities- Rel_4

7. Long-term Liabilities- Related Party (Details Narrative) - USD ($)	3 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Hauler Note [Member]
Debt face amount	$ 165,000
Debt stated interest rate	12.00%
Note payable balance	$ 122,962	$ 143,866
Accrued interest	$ 0	0
Other Vehicle [Member]
Debt stated interest rate	6.649%
Capital lease amount	$ 27,284	$ 29,666
Monthly payment	$ 423
Periodic payments	Monthly

8. Other Related Party Transact

8. Other Related Party Transactions (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Consulting fees to related party	$ 27,000	$ 40,000	$ 96,000	$ 90,500
Accounts payable - related parties	304,735		304,735		$ 280,288
FinTekk AP, LLC [Member]
Consulting fees to related party			67,500	67,500
Accounts payable - related parties	224,485	$ 229,865	224,485	229,865
Monthly payment			$ 7,500
Periodic payments			Monthly
Ray Gerrity [Member]
Consulting fees to related party			$ 0	$ 2,500
Accounts payable - related parties	32,500		32,500		$ 32,500
Monthly payment			$ 2,500
Periodic payments			Quarter
Cody Ware [Member]
Consulting fees to related party			$ 13,500
Accounts payable - related parties	$ 1,500		1,500
Monthly payment			$ 1,500
Periodic payments			Monthly

9. Stockholders' Deficit (Detai

9. Stockholders' Deficit (Details Narrative) - $ / shares	Sep. 30, 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
Common stock, par value	$ 0.001	$ 0.001
Preferred stock, par value	$ 0.001	$ 0.001