Document and Entity Information
Document and Entity Information | 3 Months Ended |
Mar. 31, 2018shares | |
Document and Entity Information [Abstract] | |
Entity Registrant Name | OPTILEAF, INC. |
Entity Central Index Key | 1,628,228 |
Trading Symbol | OPLF |
Amendment Flag | false |
Current Fiscal Year End Date | --12-31 |
Document Type | 10-Q |
Document Period End Date | Mar. 31, 2018 |
Document Fiscal Period Focus | Q1 |
Document Fiscal Year Focus | 2,018 |
Entity Filer Category | Smaller Reporting Company |
Entity Common Stock, Shares Outstanding | 21,443,752 |
Balance Sheets (Unaudited)
Balance Sheets (Unaudited) - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 |
Current Assets: | ||
Cash | $ 20,364 | $ 17,197 |
Accounts receivable | 500 | 6,150 |
Inventory | 6,197 | 4,397 |
Total current assets | 27,060 | 27,744 |
Computer equipment, net | ||
Other Assets | ||
Employee advance | 2,255 | 2,255 |
Security deposit | 1,144 | 1,144 |
Total other assets | 3,399 | 3,399 |
Total assets | 30,459 | 31,143 |
Liabilities | ||
Accounts payable and accrued expenses | 23,852 | 24,902 |
Total current liabilities | 23,852 | 24,902 |
Long Term Loan – related parties | 45,000 | |
Total noncurrent liabilities | 45,000 | |
Commitments | ||
Stockholders' Equity: | ||
Common stock, no par value; 100,000,000 shares authorized, 21,433,752 shares issued and outstanding at March 31, 2018 and December 31, 2017 | 746,000 | 746,000 |
Treasury Stock, at cost, 1,000,000 shares at March 31, 2018 and December 31, 2017 respectively | (40,000) | (40,000) |
Accumulated deficit | (744,393) | (699,759) |
Total stockholders' equity | (38,393) | 6,241 |
Total liabilities and stockholders' equity | $ 30,459 | $ 31,143 |
Balance Sheets (Unaudited) (Par
Balance Sheets (Unaudited) (Parenthetical) - $ / shares | Mar. 31, 2018 | Dec. 31, 2017 |
Statement of Financial Position [Abstract] | ||
Common stock, par value | ||
Common stock, shares authorized | 100,000,000 | 100,000,000 |
Common stock, shares issued | 21,433,752 | 21,433,752 |
Common stock, shares outstanding | 21,433,752 | 21,433,752 |
Treasury stock, shares | 1,000,000 | 1,000,000 |
Statements of Operations (Unaud
Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Income Statement [Abstract] | ||
Sales | $ 5,234 | $ 7,451 |
Cost of goods sold | ||
Gross income | 5,234 | 7,451 |
Expenses: | ||
Professional fees | 4,250 | 3,868 |
Payroll and benefits | 32,487 | 39,342 |
Rent | 5,293 | 4,082 |
Supplies | 848 | 3,858 |
Travel | 331 | 1,662 |
Research and Development | 3,628 | |
Other | 3,031 | 5,261 |
Total expenses | 49,868 | 58,073 |
Loss from operations | (44,634) | (50,622) |
Other income | ||
Interest income | 21 | |
Net loss before provision for income taxes | (44,634) | (50,601) |
Provision for income taxes | ||
Net loss | $ (44,634) | $ (50,601) |
Basic and diluted loss per share | $ 0 | $ 0 |
Basic and diluted weighted average number of shares outstanding | 21,443,752 | 19,210,419 |
Statement of Cash Flows (Unaudi
Statement of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Cash flows from operating activities: | ||
Net loss | $ (44,634) | $ (50,601) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Depreciation expense | 876 | |
Decrease (Increase) in: | ||
Employee advance | (2,255) | |
Security deposits | ||
Inventory | 1,800 | |
Accounts receivable | 5,650 | (7,451) |
Accounts payable and accrued expenses | (1,019) | (10,227) |
Net cash used in operating activities | (41,833) | (67,403) |
Cash flows from investing activities: | ||
Employee Advance | ||
Purchase of Equipment | ||
Net cash used in investing activities | ||
Cash flows from financing activities: | ||
Settlement of stock subscription receivable | ||
Loan | 45,000 | |
Treasury Stock Purchase | ||
Net cash provided by financing activities | 45,000 | |
Net increase (decrease) in cash | 3,167 | (67,403) |
Cash at beginning of period | 17,197 | 194,778 |
Cash at end of period | 20,364 | 127,375 |
Cash paid during the period for: | ||
Interest | ||
Income taxes |
Nature of Operations and Summar
Nature of Operations and Summary of Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2018 | |
Accounting Policies [Abstract] | |
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | Note 1. NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization OptiLeaf Incorporated ("OptiLeaf" or the "Company") was incorporated in Florida in August 2014. The Company has been in the development stage since inception and has generated minimal sales to date. The Company plans to develop, market and sell integrated software and hardware to the agriculture industry for the seamless tracking and management of growth, task automation and sale of their clients' products. Basis of Presentation The accompanying unaudited condensed financial statements have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles have been condensed or omitted pursuant to such principles and regulations of the Securities and Exchange Commission for Form 10-Q. All adjustments, consisting of normal recurring adjustments, have been made which, in the opinion of management, are necessary for a fair presentation of the results of interim periods. The results of operations for such interim periods are not necessarily indicative of the results that may be expected for a full year. The unaudited condensed financial statements contained herein should be read in conjunction with the audited financial statements and notes thereto for the year ended December 31, 2017 Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. At March 31, 2018 and December 31, 2017, the Company had no cash equivalents. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Property and Equipment Property and equipment are stated at cost. Depreciation is provided over the estimated useful lives (3 years) of the related assets using the straight-line depreciation method. Property and equipment is fully depreciated. Maintenance and repairs are charged to operations when incurred. Betterments and improvements are capitalized. When property and equipment are sold or otherwise disposed of, the asset account and related accumulated depreciation account are reduced, and any gain or loss is included in operations. Capitalized Software Development Costs Software development costs are expensed as incurred until technological feasibility of the product is established. Development costs incurred subsequent to technological feasibility will be capitalized and amortized on a straight-line basis over the estimated economic life of the product. Capitalization of computer software costs will be discontinued when the computer software product is available to be sold, leased, or otherwise marketed. Amortization will begin when the product is available for release to customers. Management has determined as of March 31, 2018 that the software has not yet reached the stage of technical feasibility. Revenue Recognition In general, the Company records revenue when persuasive evidence of an arrangement exists, services have been rendered or product delivery has occurred, the sales price to the customer is fixed or determinable, and collectability is reasonably assured. The following policies reflect specific criteria for the various revenues streams of the Company: Revenue is recognized as the Company satisfies its performance obligation over time in the amount of consideration which the Company expects it will be entitled in exchange for transferring promised goods or services to its customers. Revenue will be presented net of returns. Allowance for Doubtful Accounts The Company maintains an allowance for doubtful accounts which represents its best estimate of probable losses inherent in the accounts receivable balance. The Company evaluates specific accounts when it becomes aware of a situation where a customer may not be able to meet its financial obligations due to deterioration of its liquidity or financial viability, credit ratings, or bankruptcy. The Company periodically adjusts this allowance based upon its review and assessment of each category of receivables. As of March 31, 2018, the allowance for doubtful accounts was $0. Research and Development The cost of research and development is charged to expense when incurred. Net Loss Per Common Share Basic net loss per common share is calculated using the weighted average common shares outstanding during each reporting period. Diluted net loss per common share adjusts the weighted average common shares for the potential dilution that could occur if common stock equivalents (convertible debt and preferred stock, warrants, stock options and restricted stock shares and units) were exercised or converted into common stock. There were no common stock equivalents at March 31, 2018 and 2017. Income Taxes Deferred income taxes are recognized for the tax consequences related to temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for tax purposes at each year end, based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. A valuation allowance is recognized when, based on the weight of all available evidence, it is considered more likely than not that all, or some portion, of the deferred tax assets will not be realized. Income tax expense is the sum of current income tax plus the change in deferred tax assets and liabilities. ASC 740, Income Taxes, requires a company to first determine whether it is more likely than not (which is defined as a likelihood of more than fifty percent) that a tax position will be sustained based on its technical merits as of the reporting date, assuming that taxing authorities will examine the position and have full knowledge of all relevant information. A tax position that meets this more likely than not threshold is then measured and recognized at the largest amount of benefit that is greater than fifty percent likely to be realized upon effective settlement with a taxing authority. The Federal and state income tax returns of the Company for years subsequent to 2013 are subject to examination by the internal Revenue Service and state taxing authorities for three (3) years from the date filed. Stock-Based Compensation The Company accounts for equity instruments issued to employees in accordance with ASC 718, Compensation - Stock Compensation. ASC 718 requires all share-based compensation payments to be recognized in the financial statements based on the fair value using an option pricing model. ASC 718 requires forfeitures to be estimated at the time of grant and revised in subsequent periods if actual forfeitures differ from initial estimates. Equity instruments granted to non-employees are accounted for in accordance with ASC 505, Equity. The final measurement date for the fair value of equity instruments with performance criteria is the date that each performance commitment for such equity instrument is satisfied or there is a significant disincentive for non-performance. Fair Value of Financial Instruments Pursuant to ASC No. 820, "Fair Value Measurement and Disclosures", the Company is required to estimate the fair value of all financial instruments included on its balance sheet as of March 31, 2018 and December 31, 2017. The Company's financial instruments consist of accounts payable and accrued expenses. The Company considers the carrying value of such amounts in the financial statements to approximate their fair value due to the short-term nature of these financial instruments. Recent Pronouncements In February 2016, the FASB issued ASU 2016-02, "Leases (Topic 842)," which requires lessees to recognize most lease liabilities on their balance sheets but recognize the expenses on their income statements in a manner similar to current practice. The update states that a lessee would recognize a lease liability for the obligation to make lease payments and a right-to-use asset for the right to use the underlying asset for the lease term. The update is effective for interim and annual periods beginning after December 15, 2018, and early adoption is permitted. The impact of this guidance will result in the recognition of assets and liabilities for leases that the Company enters into in the future. Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company's financial position or results of operations. |
Going Concern
Going Concern | 3 Months Ended |
Mar. 31, 2018 | |
Going Concern [Abstract] | |
GOING CONCERN | Note 2. GOING CONCERN The Company's financial statements are presented on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. The Company has experienced a loss from operations during its development stage as a result of its investment necessary to achieve its operating plan, which is long-range in nature. For the period from August 11, 2014 (inception) to March 31, 2018, the Company incurred a net loss of approximately $744,000. In addition, the Company has just started revenue generating operations. These conditions raise substantial doubt about the Company's ability to continue as a going concern. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty. The ability of the Company to continue as a going concern is in doubt and dependent upon achieving a profitable level of operations or on the ability of the Company to obtain necessary financing to fund ongoing operations. Management believes that its current and future plans enable it to continue as a going concern for the next twelve months. To meet these objectives, the Company continues to seek other sources of financing in order to support existing operations and expand the range and scope of its business. However, there are no assurances that any such financing can be obtained on acceptable terms and timely manner, if at all. The failure to obtain the necessary working capital would have a material adverse effect on the business prospects and, depending upon the shortfall, the Company may have to curtail or cease its operations. The accompanying unaudited condensed financial statements do not include any adjustment to the recorded assets or liabilities that might be necessary should the Company have to curtail operations or be unable to continue in existence. |
Computer Equipment (Net)
Computer Equipment (Net) | 3 Months Ended |
Mar. 31, 2018 | |
Property, Plant and Equipment [Abstract] | |
COMPUTER EQUIPMENT (NET) | Note 3. COMPUTER EQUIPMENT (NET) Equipment is recorded at cost and consisted of the following: March 31, December 31, 2018 2017 Computer equipment $ 10,514 $ 10,514 Less: accumulated depreciation (10,514 ) (10,514 ) $ 0 $ 0 Depreciation expense was $0 and $876 for each of the quarters ended March 31, 2018 and 2017 respectively. |
Long-Term Debt
Long-Term Debt | 3 Months Ended |
Mar. 31, 2018 | |
Debt Disclosure [Abstract] | |
Long-Term Debt | Note 4. LONG-TERM DEBT The Company borrowed $30,000 from its CEO and $15,000 from its CFO as of March 31, 2018. The debt carries a 3% interest rate. The interest accrues and is payable at maturity in March of 2020. |
Stockholders' Equity
Stockholders' Equity | 3 Months Ended |
Mar. 31, 2018 | |
Equity [Abstract] | |
STOCKHOLDERS' EQUITY | Note 5. STOCKHOLDERS' EQUITY Common stock The Company has authorized 100,000,000 shares of no par value common stock. At March 31, 2018, the number of shares of common stock issued was 20,433,752. Treasury stock On September 20, 2016, the Board of Directors authorized the Company to repurchase one million shares of common stock for $40,000. These treasury stock shares may at any time be canceled upon the Board of Directors approval. The Board has not made such election. |
Concentration Credit Risk
Concentration Credit Risk | 3 Months Ended |
Mar. 31, 2018 | |
Risks and Uncertainties [Abstract] | |
CONCENTRATION CREDIT RISK | Note 6. CONCENTRATION CREDIT RISK The Company maintains its cash balances in a local financial institution which at times may exceed the $250,000 amount insured by the Federal Deposit Insurance Corporation (FDIC). |
Commitments and Contingencies
Commitments and Contingencies | 3 Months Ended |
Mar. 31, 2018 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS AND CONTINGENCIES | Note 7. COMMITMENTS AND CONTINGENCIES The Company leases its offices in a month to month arrangement. The monthly minimum lease payments are $1,144 plus a pro rata share of operating expenses. |
Income Taxes
Income Taxes | 3 Months Ended |
Mar. 31, 2018 | |
Income Tax Disclosure [Abstract] | |
INCOME TAXES | Note 8. INCOME TAXES The provision for income taxes differs from the amount computed by applying the statutory federal income tax rate to income before provision for income taxes. The sources and tax effects of the differences are as follows: Income tax provision at the federal statutory rate 21 % Effect of operating losses (21 )% 0 % At March 31, 2018, the Company has a net operating loss carryforward of approximately $744,000 for Federal and state purposes. This loss will be available to offset future taxable income. If not used, this carryforward will begin to expire in 2034. The deferred tax asset relating to the operating loss carryforward has been fully reserved at March 31, 2018 and December 31, 2017. The change in the valuation allowance was approximately $82,000 and $95,000 for the years ended December 31, 2017 and 2016, respectively. The principal difference between the operating loss for income tax purposes and reporting purposes is disallowed meals and entertainment and a temporary difference in depreciation expense. Utilization of the Company's net operating losses may be subject to substantial annual limitation if the Company experiences a 50% change in ownership, as provided by the Internal Revenue Code and similar state provisions. Such an ownership change would substantially increase the possibility of net operating losses expiring before complete utilization. |
Nature of Operations and Summ14
Nature of Operations and Summary of Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2018 | |
Accounting Policies [Abstract] | |
Organization | Organization OptiLeaf Incorporated ("OptiLeaf" or the "Company") was incorporated in Florida in August 2014. The Company has been in the development stage since inception and has generated minimal sales to date. The Company plans to develop, market and sell integrated software and hardware to the agriculture industry for the seamless tracking and management of growth, task automation and sale of their clients' products. |
Basis of Presentation | Basis of Presentation The accompanying unaudited condensed financial statements have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles have been condensed or omitted pursuant to such principles and regulations of the Securities and Exchange Commission for Form 10-Q. All adjustments, consisting of normal recurring adjustments, have been made which, in the opinion of management, are necessary for a fair presentation of the results of interim periods. The results of operations for such interim periods are not necessarily indicative of the results that may be expected for a full year. The unaudited condensed financial statements contained herein should be read in conjunction with the audited financial statements and notes thereto for the year ended December 31, 2017 |
Cash and Cash Equivalents | Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. At March 31, 2018 and December 31, 2017, the Company had no cash equivalents. |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. |
Property and Equipment | Property and Equipment Property and equipment are stated at cost. Depreciation is provided over the estimated useful lives (3 years) of the related assets using the straight-line depreciation method. Property and equipment is fully depreciated. Maintenance and repairs are charged to operations when incurred. Betterments and improvements are capitalized. When property and equipment are sold or otherwise disposed of, the asset account and related accumulated depreciation account are reduced, and any gain or loss is included in operations. |
Capitalized Software Development Costs | Capitalized Software Development Costs Software development costs are expensed as incurred until technological feasibility of the product is established. Development costs incurred subsequent to technological feasibility will be capitalized and amortized on a straight-line basis over the estimated economic life of the product. Capitalization of computer software costs will be discontinued when the computer software product is available to be sold, leased, or otherwise marketed. Amortization will begin when the product is available for release to customers. Management has determined as of March 31, 2018 that the software has not yet reached the stage of technical feasibility. |
Revenue Recognition | Revenue Recognition In general, the Company records revenue when persuasive evidence of an arrangement exists, services have been rendered or product delivery has occurred, the sales price to the customer is fixed or determinable, and collectability is reasonably assured. The following policies reflect specific criteria for the various revenues streams of the Company: Revenue is recognized as the Company satisfies its performance obligation over time in the amount of consideration which the Company expects it will be entitled in exchange for transferring promised goods or services to its customers. Revenue will be presented net of returns. |
Allowance for Doubtful Accounts | Allowance for Doubtful Accounts The Company maintains an allowance for doubtful accounts which represents its best estimate of probable losses inherent in the accounts receivable balance. The Company evaluates specific accounts when it becomes aware of a situation where a customer may not be able to meet its financial obligations due to deterioration of its liquidity or financial viability, credit ratings, or bankruptcy. The Company periodically adjusts this allowance based upon its review and assessment of each category of receivables. As of March 31, 2018, the allowance for doubtful accounts was $0. |
Research and Development | Research and Development The cost of research and development is charged to expense when incurred. |
Net Loss Per Common Share | Net Loss Per Common Share Basic net loss per common share is calculated using the weighted average common shares outstanding during each reporting period. Diluted net loss per common share adjusts the weighted average common shares for the potential dilution that could occur if common stock equivalents (convertible debt and preferred stock, warrants, stock options and restricted stock shares and units) were exercised or converted into common stock. There were no common stock equivalents at March 31, 2018 and 2017. |
Income Taxes | Income Taxes Deferred income taxes are recognized for the tax consequences related to temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for tax purposes at each year end, based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. A valuation allowance is recognized when, based on the weight of all available evidence, it is considered more likely than not that all, or some portion, of the deferred tax assets will not be realized. Income tax expense is the sum of current income tax plus the change in deferred tax assets and liabilities. ASC 740, Income Taxes, requires a company to first determine whether it is more likely than not (which is defined as a likelihood of more than fifty percent) that a tax position will be sustained based on its technical merits as of the reporting date, assuming that taxing authorities will examine the position and have full knowledge of all relevant information. A tax position that meets this more likely than not threshold is then measured and recognized at the largest amount of benefit that is greater than fifty percent likely to be realized upon effective settlement with a taxing authority. The Federal and state income tax returns of the Company for years subsequent to 2013 are subject to examination by the internal Revenue Service and state taxing authorities for three (3) years from the date filed. |
Stock-Based Compensation | Stock-Based Compensation The Company accounts for equity instruments issued to employees in accordance with ASC 718, Compensation - Stock Compensation. ASC 718 requires all share-based compensation payments to be recognized in the financial statements based on the fair value using an option pricing model. ASC 718 requires forfeitures to be estimated at the time of grant and revised in subsequent periods if actual forfeitures differ from initial estimates. Equity instruments granted to non-employees are accounted for in accordance with ASC 505, Equity. The final measurement date for the fair value of equity instruments with performance criteria is the date that each performance commitment for such equity instrument is satisfied or there is a significant disincentive for non-performance. |
Fair Value of Financial Instruments | Fair Value of Financial Instruments Pursuant to ASC No. 820, "Fair Value Measurement and Disclosures", the Company is required to estimate the fair value of all financial instruments included on its balance sheet as of March 31, 2018 and December 31, 2017. The Company's financial instruments consist of accounts payable and accrued expenses. The Company considers the carrying value of such amounts in the financial statements to approximate their fair value due to the short-term nature of these financial instruments. |
Recent Pronouncements | Recent Pronouncements In February 2016, the FASB issued ASU 2016-02, "Leases (Topic 842)," which requires lessees to recognize most lease liabilities on their balance sheets but recognize the expenses on their income statements in a manner similar to current practice. The update states that a lessee would recognize a lease liability for the obligation to make lease payments and a right-to-use asset for the right to use the underlying asset for the lease term. The update is effective for interim and annual periods beginning after December 15, 2018, and early adoption is permitted. The impact of this guidance will result in the recognition of assets and liabilities for leases that the Company enters into in the future. Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company's financial position or results of operations. |
Computer Equipment (Net) (Table
Computer Equipment (Net) (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Property, Plant and Equipment [Abstract] | |
Schedule of computer equipment, net | March 31, December 31, 2018 2017 Computer equipment $ 10,514 $ 10,514 Less: accumulated depreciation (10,514 ) (10,514 ) $ 0 $ 0 |
Income Taxes (Tables)
Income Taxes (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Income Tax Disclosure [Abstract] | |
Schedule of income taxes | Income tax provision at the federal statutory rate 21 % Effect of operating losses (21 )% 0 % |
Nature of Operations and Summ17
Nature of Operations and Summary of Significant Accounting Policies (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2018 | Dec. 31, 2017 | |
Nature of Operations and Summary of Significant Accounting Policies (Textual) | ||
Property and equipment, estimated useful lives | 3 years | |
Income tax examination, description | The Federal and state income tax returns of the Company for years subsequent to 2013 are subject to examination by the internal Revenue Service and state taxing authorities for three (3) years from the date filed. | |
Allowance for doubtful accounts | $ 0 | |
Cash equivalents |
Going Concern (Details)
Going Concern (Details) - USD ($) | 3 Months Ended | 44 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | Mar. 31, 2018 | |
Going Concern (Textual) | |||
Net loss | $ (44,634) | $ (50,601) | $ 744,000 |
Computer Equipment (Net) (Detai
Computer Equipment (Net) (Details) - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 |
Schedule of computer equipment, net | ||
Computer equipment | $ 10,514 | $ 10,514 |
Less: accumulated depreciation | (10,514) | (10,514) |
Computer equipment (net) |
Computer Equipment (Net) (Det20
Computer Equipment (Net) (Details Textual) - USD ($) | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Computer Equipment (Net) (Textual) | ||
Depreciation expense | $ 876 |
Long-Term Debt (Details)
Long-Term Debt (Details) | 3 Months Ended |
Mar. 31, 2018USD ($) | |
Long-Term Debt (Textual) | |
Debt carries interest rate | 3.00% |
Maturity date | Mar. 31, 2020 |
CEO [Member] | |
Long-Term Debt (Textual) | |
Borrowed from related party | $ 30,000 |
CFO [Member] | |
Long-Term Debt (Textual) | |
Borrowed from related party | $ 15,000 |
Stockholders' Equity (Details)
Stockholders' Equity (Details) - USD ($) | 1 Months Ended | ||
Sep. 20, 2016 | Mar. 31, 2018 | Dec. 31, 2017 | |
Stockholders' Equity (Textual) | |||
Common stock, shares authorized | 100,000,000 | 100,000,000 | |
Common stock, par value | |||
Common stock, shares issued | 21,433,752 | 21,433,752 | |
Common stock, shares outstanding | 21,433,752 | 21,433,752 | |
Common stock repurchase, shares | 1,000,000 | ||
Payments for repurchase of common stock | $ 40,000 |
Concentration Credit Risk (Deta
Concentration Credit Risk (Details) | 3 Months Ended |
Mar. 31, 2018USD ($) | |
Concentration Credit Risk (Textual) | |
Federal Deposit Insurance Corporation (FDIC) insured amount | $ 250,000 |
Commitments and Contingencies (
Commitments and Contingencies (Details) | 3 Months Ended |
Mar. 31, 2018USD ($) | |
Commitments and Contingencies (Textual) | |
Monthly minimum lease payments | $ 1,144 |
Income Taxes (Details)
Income Taxes (Details) | 3 Months Ended |
Mar. 31, 2018 | |
Schedule of income taxes differs | |
Income tax provision at the federal statutory rate | 21.00% |
Effect of operating losses | (21.00%) |
Total | 0.00% |
Income Taxes (Details Textual)
Income Taxes (Details Textual) - USD ($) | 3 Months Ended | ||
Mar. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Income Taxes (Textual) | |||
Net operating loss carryforward | $ 744,000 | ||
Operating loss carryforward, expiration | Dec. 31, 2034 | ||
Valuation allowance | $ 82,000 | $ 95,000 | |
Ownership percentage | 50.00% |