Teardroppers 10-Q 14 Aug 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2020	Aug. 14, 2020
Cover [Abstract]
Entity Registrant Name	Teardroppers, Inc.
Entity Central Index Key	0001615780
Document Type	10-Q
Document Period End Date	Jun. 30, 2020
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	Q2
Document Fiscal Year Focus	2020
Entity Small Business	true
Entity Emerging Growth	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity File Number	333-197889
Interactive data current	Yes
State of incorporation	NV

Condensed Balance Sheets (Unaud

Condensed Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Current Assets
Cash	$ 59,422	$ 50,035
Lease payments receivable - related parties	740	1,000
Lease receivable - related party (current portion)	37,978	0
Prepaid expenses	1,000	3,754
Total current assets	99,140	54,789
Property & Equipment:
Equipment	288,089	478,089
Less accumulated depreciation	(156,843)	(134,868)
Property & Equipment, net	131,246	343,221
Lease receivable - related party (net)	128,272	0
Total Assets	358,658	398,010
Current Liabilities
Accounts payable	286,975	244,762
Accounts payable - related parties	328,735	327,234
Customer deposits	14,500	14,500
Contract liability - related party	16,000	16,000
Related party lease payment received in advance	10,006	0
Current portion of notes payable - related party	33,850	31,888
Current portion of lease payable - related party	3,538	3,422
Line of credit from related party	773,605	625,365
Accrued interest payble - related parties	232,365	197,695
Total current liabilities	1,699,574	1,460,866
Long term liabilities - related parties
Notes payable - less current portion	66,249	83,679
Lease payable - less current portion	21,244	23,042
Long-term liabilities - related parties	87,493	106,721
Total Liabilities	1,787,067	1,567,587
Stockholders' Deficit
Preferred stock, par value $0.001, authorized 20,000,000 shares, issued shares 0, respectively	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	(2,302,887)	(2,044,055)
Total Stockholders' Deficit	(1,428,409)	(1,169,577)
Total Liabilities and Stockholders' Deficit	$ 358,658	$ 398,010

Condensed Balance Sheets (Una_2

Condensed Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2020	Dec. 31, 2019
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	200,000,000
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		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenues		$ 19,275	$ 13,275	$ 32,550	$ 26,550
Operating expenses:
Consulting from related parties		33,000	42,000	60,000	69,000
Consulting fees - unrelated parties		9,970	26,471	30,940	52,957
General and administrative		38,341	25,117	119,631	51,286
Professional fees		11,225	27,400	49,913	29,525
Total operating expenses		92,536	120,988	260,484	202,768
Operating loss		(73,261)	(107,713)	(227,934)	(176,218)
Other income (expense):
Interest expense - related parties		(21,451)	(10,996)	(41,663)	(21,296)
Interest income related parties		6,354	0	10,765	0
Total other income expenses		(15,097)	(10,996)	(30,898)	(21,296)
Net loss before taxes		(88,358)	(118,709)	(258,832)	(197,514)
Income Tax Provision		0	0	0	0
Net loss		$ (88,358)	$ (118,709)	$ (258,832)	$ (197,514)
Net loss per share (Basic and fully diluted)	[1]	$ 0	$ 0	$ 0	$ 0
Weighted average common shares outstanding - basic and diluted		45,920,000	45,920,000	45,920,000	45,920,000
Lease Revenue Unrelated Parties [Member]
Revenues		$ 1,275	$ 1,275	$ 2,550	$ 2,550
Lease Revenue Related Parties [Member]
Revenues		12,000	12,000	24,000	24,000
Consulting Fees Related Party [Member]
Revenues		$ 6,000	$ 0	$ 6,000	$ 0
[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, 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)
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)
Beginning balance, shares outstanding at Dec. 31, 2019	45,920,000
Beginning balance, value at Dec. 31, 2019	$ 45,920	828,558	(2,044,055)	(1,169,577)
Net loss for the period			(170,474)	(170,474)
Ending balance, shares outstanding at Mar. 31, 2020	45,920,000
Ending balance, value at Mar. 31, 2020	$ 45,920	828,558	(2,214,529)	(1,340,051)
Net loss for the period			(88,358)	(88,358)
Ending balance, shares outstanding at Jun. 30, 2020	45,920,000
Ending balance, value at Jun. 30, 2020	$ 45,920	$ 828,558	$ (2,302,887)	$ (1,428,409)

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash Flows From Operating Activities:
Net loss	$ (258,832)	$ (197,514)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation	31,475	28,809
Changes in Operating Assets and Liabilities
Increase (decrease) in lease receivable	260	(425)
Decrease in prepaid expenses	2,754	2,483
Decrease in lease receivable - related party	14,250	0
Increase accounts payable - unrelated parties	42,213	37,425
Increase (Decrease) in accounts payable - related parties	1,501	(24,303)
Increase in accrued interest - related parties	34,670	12,176
Increase in advance lease payments	10,006	0
Net cash used in operating activities	(121,703)	(141,349)
Cash Flows From Investing Activities:
Net cash provided by investing activities	0	0
Cash Flows From Financing Activities:
Principal payments on notes payable - related party	(15,468)	(13,727)
Principal payments on lease payable -  related party	(1,682)	(1,575)
Proceeds from line of credit related party	330,720	269,800
Repayments on line of credit to related party	(182,480)	(124,650)
Net cash provided by financing activities	131,090	129,848
Net Increase (Decrease) in Cash	9,387	(11,501)
Cash at The Beginning of The Period	50,035	71,858
Cash at The End of The Period	59,422	60,357
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Asset transferred in direct financing lease	180,500	0
Cash paid during the period for Interest	6,993	8,821
Cash paid during the period for Franchise and income tax	$ 0	$ 0

1. Organization and Description

1. Organization and Description of Business	6 Months Ended
	Jun. 30, 2020
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	6 Months Ended
	Jun. 30, 2020
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 six months ended June 30, 2020 are not necessarily indicative of the final results that may be expected for the year ended December 31, 2020. 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, 2019 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 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 June 30, 2020 and December 31, 2019. The Company had no assets or liabilities measured at fair value on a recurring basis as of June 30, 2020 and December 31, 2019, 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 revenues are from the rental of advertising space on custom designed Teardrop Trailers, lease revenue and consulting fees. Revenue from advertising space and leases is recognized over time as the performance obligations are met and consulting fees is recognized at a point in time when the performance obligation is met. For the three and six months ended June 30, 2020 and 2019, 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. For the three and six months ended June 30, 2020 and 2019, related party lease income was $12,000 and $24,000, respectively. In January 2019, the Company entered into a two-year agreement to lease a vehicle to an unrelated third party. For the three and six months ended June 30, 2020 and 2019, the Company recognized lease income was $1,275 and $2,550, respectively. On February 1, 2020, the Company leased a truck and trailer purchased November 2019 for $190,000 to a related party. The lease is classified as a direct financing lease. The cost of the vehicle and related accumulated depreciation has been reclassified to a lease receivable and is reflected on the condensed balance sheet as lease receivable – related party. Interest revenue is reflected on the condensed statement of operations. For the six months ended June 30, 2020, the Company recognized interest revenue of $6,354. See Note 5 for details. 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 for the three and six month periods ended June 30, 2020 and 2019, 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 and not implemented 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, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern	NOTE 3 – 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 June 30, 2020, the Company has an accumulated deficit of $2,302,887 and negative working capital of $1,600,434. For the six months ended June 30, 2020, the Company had a net loss of $258,832 and a net cash outflow from operating activities of $121,703. 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	6 Months Ended
	Jun. 30, 2020
Property & Equipment:
Property and Equipment	NOTE 4 – PROPERTY AND EQUIPMENT Property and equipment consists of the following at June 30, 2020 and December 31, 2019: June 30, 2020 December 31, 2019 Property and equipment, purchased $ 258,000 $ 448,000 Property and equipment, leased 30,089 30,089 288,089 478,089 Less: accumulated depreciation (156,843 ) (134,868 ) Property and equipment, net $ 131,246 $ 343,221 Depreciation expense for the three and six months ended June 30, 2020 and 2019 were $14,154 and $14,405, respectively and $31,475 and $28,809, respectively. On February 1, 2020, the Company leased a truck and trailer purchased November 2019 for $190,000 to a related party. The lease is classified as a financing lease. The cost of the vehicle and related accumulated depreciation has been reclassified to a lease receivable and is reflected on the condensed balance sheet as lease receivable – related party. See Note 5 for details.

5. Lease Receivable - Related P

5. Lease Receivable - Related Party	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
Lease Receivable - Related Party	NOTE 5. LEASE RECEIVABLE – RELATED PARTY On November 12, 2019, the company purchased a truck and trailer from a related party for $190,000. On February 1, 2020, the Company leased the asset back to the same related party. The term of the lease is for 48 months with payments of $5,003 per month. At the end of the lease, the related party the right to purchase the asset for $22,800. The lease is classified as a financing lease under ASC 842. The present value of the lease payments, excluding the end of lease provisions, discounted at an interest rate of 10%, is $197,442. The Company is using the net book value of $180,500 of the asset as the initial value of the lease in accordance with ASC 842-30-55-17A. The undiscounted cash flow principal payments for the remaining term of the lease will be as follows: 2020 (remainder of year) $ 30,018 2021 60,036 2022 60,036 2023 60,036 2024 5,003 Total 215,129 Less deferred interest (48,879 ) Less current portion (37,978 ) Long-term lease receivable $ 128,272 Income from the lease is reflected on the condensed statement of operations as interest income – related parties. For the three and six months ended June 30, 2020 interest income of $6,354 and $10,765 was reported.

6. Loan Payable - Related Party

6. Loan Payable - Related Party	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Loan Payable	NOTE 6 – LOAN PAYABLE – RELATED PARTY 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. The Company recorded accrued interest on this loan of $145,632 as of June 30, 2020 and December 31, 2019, 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.

7. Line of Credit from Related

7. Line of Credit from Related Party	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Line of Credit from Related Party	NOTE 7 – 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 June 30, 2020, and December 31, 2019, the balance of the line of credit was $163,625 and $135,365, respectively. The Company recorded accrued interest of $17,682 and $13,044 on the line of credit at June 30, 2020 and December 31, 2019, 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 June 30, 2020, and December 31, 2019 the balance of the line of credit was $0. The Company recorded accrued interest of $4,732 at June 30, 2020 and December 31, 2019, 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 $650,000 bearing interest at 10%, maturing December 2023. At June 30, 2020, and December 31, 2019, the balance due on the line was $609,980 and $450,000, respectively. The Company recorded accrued interest of $64,058 and $34,287 as of June 30, 2020 and December 31, 2019, respectively.

8. Long-term Liabilities- Relat

8. Long-term Liabilities- Related Party	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Long-term Liabilities- Related Party	NOTE 8 – 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 $100,099 and $115,567 as of June 30, 2020 and December 31, 2019, respectively. Accrued interest was $261 and $0 at June 30, 2020 and December 31, 2019. Future principal payments will be as follows: 2020 (remainder of year) $ 16,420 2021 35,932 2022 47,747 Total $ 100,099 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 June 30, 2020, 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 June 30, 2020 and December 31, 2019 was $24,782 and $26,464, respectively. Future lease payments will be as follows: 2020 (remainder of year) $ 2,539 2021 5,078 2022 5,078 2023 5,078 2024 5,078 Thereafter 7,155 Total payments 30,006 Less deferred interest (5,224 ) Total liability $ 24,782 Less current portion (3,538 ) Long-term lease liability $ 21,244 There are no commitments or contingencies related to the long-term liabilities that are not disclosed above.

9. Related Party Transactions

9. Related Party Transactions	6 Months Ended
	Jun. 30, 2020
Related Party Transactions [Abstract]
Other Related Party Transactions and Related Parties Accounts Payable	NOTE 9 – 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 three and six months ended June 30, 2020 and 2019, the Company recorded consulting fee expense of $22,500 and $45,000, respectively. The amount due but unpaid is $246,985 at June 30, 2020 and December 31, 2019, respectively, and is included in accounts payable related parties on the condensed balance sheet. 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. Effective May 1, 2020, the consulting fee was increased to $4,500 per month. For the three and six months ended June 30, 2020, the Company recorded consulting fee expense of $10,500 and $15,000, respectively. For the three and six months ended June 30, 2019, the Company recorded consulting fee expense of $4,500 and $9,000, respectively. At June 30, 2020 and December 31, 2019, the amount due but unpaid was $3,000 and $1,500, respectively and reflected in accounts payable – related parties on the condensed balance sheet. Consulting expense to related party (Robert Wilson) On January 1, 2014, the Company entered into a verbal consulting agreement with its Chief Financial Officer, Robert Wilson, whereby the Company agreed to pay $2,500 per quarter for consulting services related to his duties as Chief Financial Officer. Mr. Wilson resigned effective April 1, 2017. The amount due but unpaid was $17,500 at June 30, 2020 and December 31, 2019, respectively, and was included on the balance sheet as accounts payable - related parties. 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. Mr. Gerrity resigned his position effective March 31, 2018. The amount due but unpaid was $32,500 at June 30, 2020 and December 31, 2019, respectively, and was included on the balance sheet as accounts payable - related parties. Expense reimbursements The majority shareholder of the Company pays certain ongoing operating costs from personal funds and is periodically reimbursed. As of June 30, 2020, and December 31, 2019, the amount due to the shareholder was $28,750 and is reflected in accounts payable – related parties on the balance sheet.

10. Stockholders' Deficit

10. Stockholders' Deficit	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Stockholders' Deficit	NOTE 10 – 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.

11. Subsequent Events

11. Subsequent Events	6 Months Ended
	Jun. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	NOTE 11 – SUBSEQUENT EVENTS Management has concluded that the COVID-19 outbreak in 2020 may have a significant impact on business in general, but the potential impact on the Company is not currently measurable. Due to the level of risk this virus may have on the global economy, it is at least reasonably possible that it could have an impact on the operations of the Company in the near term that could materially impact the Company’s financials. Management has not been able to measure the potential financial impact on the Company but will review commercial and federal financing options should the need arise.

2. Summary of Significant Acc_2

2. Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2020
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 six months ended June 30, 2020 are not necessarily indicative of the final results that may be expected for the year ended December 31, 2020. 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, 2019 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 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 June 30, 2020 and December 31, 2019. The Company had no assets or liabilities measured at fair value on a recurring basis as of June 30, 2020 and December 31, 2019, 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 revenues are from the rental of advertising space on custom designed Teardrop Trailers, lease revenue and consulting fees. Revenue from advertising space and leases is recognized over time as the performance obligations are met and consulting fees is recognized at a point in time when the performance obligation is met. For the three and six months ended June 30, 2020 and 2019, 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. For the three and six months ended June 30, 2020 and 2019, related party lease income was $12,000 and $24,000, respectively. In January 2019, the Company entered into a two-year agreement to lease a vehicle to an unrelated third party. For the three and six months ended June 30, 2020 and 2019, the Company recognized lease income was $1,275 and $2,550, respectively. On February 1, 2020, the Company leased a truck and trailer purchased November 2019 for $190,000 to a related party. The lease is classified as a direct financing lease. The cost of the vehicle and related accumulated depreciation has been reclassified to a lease receivable and is reflected on the condensed balance sheet as lease receivable – related party. Interest revenue is reflected on the condensed statement of operations. For the six months ended June 30, 2020, the Company recognized interest revenue of $6,354. See Note 5 for details.
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 for the three and six month periods ended June 30, 2020 and 2019, 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 and not implemented that might have a material impact on its financial position or results of operations.

4. Property and Equipment (Tabl

4. Property and Equipment (Tables)	6 Months Ended
	Jun. 30, 2020
Property & Equipment:
Property and equipment	Property and equipment consists of the following at June 30, 2020 and December 31, 2019: June 30, 2020 December 31, 2019 Property and equipment, purchased $ 258,000 $ 448,000 Property and equipment, leased 30,089 30,089 288,089 478,089 Less: accumulated depreciation (156,843 ) (134,868 ) Property and equipment, net $ 131,246 $ 343,221

5. Lease Receivable - Related_2

5. Lease Receivable - Related Party (Tables)	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
Future minimum lease receivable schedule	The undiscounted cash flow principal payments for the remaining term of the lease will be as follows: 2020 (remainder of year) $ 30,018 2021 60,036 2022 60,036 2023 60,036 2024 5,003 Total 215,129 Less deferred interest (48,879 ) Less current portion (37,978 ) Long-term lease receivable $ 128,272

8. Long-term Liabilities- Rel_2

8. Long-term Liabilities- Related Party (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Maturity of Long-term Debt payments	Future principal payments will be as follows: 2020 (remainder of year) $ 16,420 2021 35,932 2022 47,747 Total $ 100,099
Maturities of capital lease payments	Future lease payments will be as follows: 2020 (remainder of year) $ 2,539 2021 5,078 2022 5,078 2023 5,078 2024 5,078 Thereafter 7,155 Total payments 30,006 Less deferred interest (5,224 ) Total liability $ 24,782 Less current portion (3,538 ) Long-term lease liability $ 21,244

2. Summary of Significant Acc_3

2. Summary of Significant Accounting Policies (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Fair value of assets/liabilities	$ 0		$ 0		$ 0
Potentially dilutive shares outstanding	0	0	0	0
Interest income related parties	$ 6,354	$ 0	$ 10,765	$ 0
Leased Vehicle [Member]
Revenues from contracts with customers	1,275	1,275	2,550	2,550
Rental of trailers [Member]
Revenues from contracts with customers	0	0	0	0
Leased Equipment [Member]
Revenues from related parties	$ 12,000	$ 12,000	$ 24,000	$ 24,000
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 ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated deficit	$ (2,302,887)		$ (2,302,887)		$ (2,044,055)
Negative working capital	1,600,434		1,600,434
Cash used in operations			(121,703)	$ (141,349)
Net loss	$ (88,358)	$ (118,709)	$ (258,832)	$ (197,514)

4. Property and Equipment (Deta

4. Property and Equipment (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Property & Equipment:
Property and equipment, purchased	$ 258,000	$ 448,000
Property and equipment, leased	30,089	30,089
Total property and equipment	288,089	478,089
Less: Accumulated depreciation	(156,843)	(134,868)
Property and equipment, net	$ 131,246	$ 343,221

4. Property and Equipment (De_2

4. Property and Equipment (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Depreciation expense	$ 14,154	$ 14,405	$ 31,475	$ 28,809
Long-term lease	$ 30,089		30,089		$ 30,089
2008 Freightliner Truck and 2007 Featherlite trailer [Member]
Property and equipment additions			$ 190,000

5. Lease Receivable - Related_3

5. Lease Receivable - Related Party (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Receivables [Abstract]
2020 (remainder of year)	$ 30,018
2021	60,036
2022	60,036
2023	60,036
2024	5,003
Total	215,129
Less deferred interest	(48,879)
Less current portion	(37,978)	$ 0
Long-term lease receivable	$ 128,272

5. Lease Receivable - Related_4

5. Lease Receivable - Related Party (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Receivables [Abstract]
Interest income	$ 6,354	$ 0	$ 10,765	$ 0

6. Loan Payable - Related Par_2

6. Loan Payable - Related Party (Details Narrative) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Gemini Southern [Member]
Accrued interest	$ 145,632	$ 145,632

7. Line of Credit from Relate_2

7. Line of Credit from Related Party (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Credit line balance	$ 773,605	$ 625,365
Accrued interest	232,365	197,695
DEVCAP Partners, LLC [Member]
Line of credit maximum amount	$ 450,000
Maturity date	Jun. 1, 2020
Interest rate	10.00%
Credit line balance	$ 163,625	135,365
Accrued interest	$ 17,682	13,044
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	$ 650,000
Maturity date	Dec. 31, 2023
Interest rate	10.00%	10.00%
Credit line balance	$ 609,980	$ 450,000
Accrued interest	$ 64,058	$ 34,287

8. Long-Term Liabilities - Rela

8. Long-Term Liabilities - Related Party (Details - Debt maturities)	Jun. 30, 2020USD ($)
Debt Disclosure [Abstract]
Future minimum principal payment 2020 (remainder of year)	$ 16,420
Future minimum principal payment 2021	35,932
Future minimum principal payment 2022	47,747
Future minimum principal payment total	$ 100,099

8. Long-term Liabilities- Rel_3

8. Long-term Liabilities- Related Party (Details - Capital lease maturities) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Debt Disclosure [Abstract]
2020 (remainder of year)	$ 2,539
2021	5,078
2022	5,078
2023	5,078
2024	5,078
Thereafter	7,155
Total payments	30,006
Less deferred interest	(5,224)
Total liability	24,782
Less current portion	(3,538)	$ (3,422)
Long-term lease liability	$ 21,244

8. Long-term Liabilities- Rel_4

8. Long-term Liabilities- Related Party (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Hauler Note [Member]
Debt face amount	$ 165,000
Debt stated interest rate	12.00%
Note payable balance	$ 100,099	$ 115,567
Accrued interest	261	$ 0
Monthly payment	$ 3,670
Periodic payments	Monthly
Other Vehicle [Member]
Debt stated interest rate		6.649%
Capital lease amount	$ 24,782	$ 26,464

9. Related Party Transactions (

9. Related Party Transactions (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Consulting fees to related party	$ 33,000	$ 42,000	$ 60,000	$ 69,000
Accounts payable - related parties	328,735		328,735		$ 327,234
Amount due to shareholder	28,750		28,750		28,750
DEVCAP Partners, LLC [Member]
Consulting fees to related party			22,500	45,000
Accounts payable - related parties	246,985		246,985		246,985
Cody Ware [Member]
Consulting fees to related party	10,500	$ 4,500	15,000	9,000
Accounts payable - related parties	4,500		4,500		1,500
Amount due but unpaid	3,000		3,000		1,500
Robert Wilson [Member]
Consulting fees to related party				$ 2,500
Amount due but unpaid	17,500		17,500		17,500
Ray Gerrity [Member]
Consulting fees to related party	2,500
Amount due but unpaid	$ 32,500		$ 32,500		$ 32,500

10. Stockholders' Deficit (Deta

10. Stockholders' Deficit (Details Narrative) - $ / shares	Jun. 30, 2020	Dec. 31, 2019
Equity [Abstract]
Common stock, shares authorized	200,000,000	200,000,000
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