Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2016 | Mar. 31, 2017 | Jun. 30, 2016 | |
Document And Entity Information | |||
Entity Registrant Name | VIGILANT DIVERSIFIED HOLDINGS, INC./NV | ||
Entity Central Index Key | 1,653,099 | ||
Document Type | 10-K | ||
Document Period End Date | Dec. 31, 2016 | ||
Amendment Flag | false | ||
Current Fiscal Year End Date | --12-31 | ||
Entity a Well-known Seasoned Issuer | No | ||
Entity a Voluntary Filer | No | ||
Entity's Reporting Status Current | No | ||
Entity Filer Category | Smaller Reporting Company | ||
Entity Public Float | $ 39,000 | ||
Entity Common Stock, Shares Outstanding | 15,156,000 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2,016 |
Balance Sheets
Balance Sheets - USD ($) | Dec. 31, 2016 | Dec. 31, 2015 |
Current Assets | ||
Cash | $ 67,840 | $ 134,751 |
Prepaid expense | 3,000 | 3,000 |
TOTAL ASSETS | 70,840 | 137,751 |
Current Liabilities | ||
Accounts payable and accrued liabilities | 47,700 | 14,700 |
Related party advances | 136,885 | 136,885 |
TOTAL LIABILITIES | 184,585 | 151,585 |
STOCKHOLDERS' DEFICIT | ||
Preferred Stock, Authorized 10,000,000 preferred shares, $0.0001 par, 4,000,000 designated to Series A Preferred Stock; 540,000 and none issued and outstanding on December 31, 2016 and 2015 | 54 | |
Common Stock; Authorized 100,000,000 common shares, $0.0001 par, 15,156,000 and 15,020,000 issued and outstanding on December 31, 2016 and 2015 | 1,516 | 1,502 |
Additional paid-in capital | 167,232 | (1,700) |
Stock proceeds received | 100,000 | |
Accumulated deficit | (282,547) | (113,636) |
TOTAL STOCKHOLDERS' DEFICIT | (113,745) | (13,834) |
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $ 70,840 | $ 137,751 |
Balance Sheets (Parenthetical)
Balance Sheets (Parenthetical) - $ / shares | Dec. 31, 2016 | Dec. 31, 2015 |
Preferred stock shares, Authorized | 10,000,000 | 10,000,000 |
Preferred stock shares, par value | $ 0.0001 | $ 0.0001 |
Preferred stock shares, issued | ||
Preferred stock shares, outstanding | ||
Common stock shares, Authorized | 100,000,000 | 100,000,000 |
Common stock shares, par value | $ 0.0001 | $ 0.0001 |
Common stock shares, issued | 15,156,000 | 15,020,000 |
Common stock shares, outstanding | 15,156,000 | 15,020,000 |
Series A Preferred Stock [Member] | ||
Preferred stock, shares designated | 4,000,000 | 4,000,000 |
Preferred stock shares, issued | 540,000 | |
Preferred stock shares, outstanding | 540,000 |
Statements of Operations
Statements of Operations - USD ($) | 6 Months Ended | 12 Months Ended |
Dec. 31, 2015 | Dec. 31, 2016 | |
EXPENSES | ||
General and administrative expenses | $ 11,646 | $ 22,561 |
Stock-based compensation | 1,500 | |
Edgar filing fees | 6,000 | 6,000 |
Professional fees | 94,490 | 40,350 |
TOTAL EXPENSES | 113,636 | 68,911 |
LOSS BEFORE OTHER ITEMS | (113,636) | (68,911) |
OTHER EXPENSE | ||
Loss on investment | (100,000) | |
NET AND COMPREHENSIVE LOSS FOR THE PERIOD | $ (113,636) | $ (168,911) |
NET LOSS PER COMMON SHARE - BASIC AND DILUTED | $ (0.01) | $ (0.01) |
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC AND DILUTED | 15,001,087 | 15,127,781 |
Statements of Stockholders' Def
Statements of Stockholders' Deficit - USD ($) | Common Stock [Member] | Preferred Stock [Member] | Additional Paid-In Capital [Member] | Stock Proceeds Received [Member] | Accumulated Deficit [Member] | Total |
Balance at Jun. 30, 2015 | ||||||
Balance, shares at Jun. 30, 2015 | ||||||
Founders' stock issued at inception | $ 1,500 | 1,500 | ||||
Founders' stock issued at inception, shares | 15,000,000 | |||||
Common stock issued for cash | $ 2 | 4,998 | 5,000 | |||
Common stock issued for cash, shares | 20,000 | |||||
Preferred stock subscriptions received | 100,000 | 100,000 | ||||
Stock issuance costs | (6,698) | (6,698) | ||||
Net loss | (113,636) | (113,636) | ||||
Balance at Dec. 31, 2015 | $ 1,502 | (1,700) | 100,000 | (113,636) | (13,834) | |
Balance, shares at Dec. 31, 2015 | 15,020,000 | |||||
Common stock issued for cash | $ 14 | 33,986 | 34,000 | |||
Common stock issued for cash, shares | 136,000 | |||||
Preferred stock issued for cash | $ 54 | 134,946 | (100,000) | 35,000 | ||
Preferred stock issued for cash, shares | 540,000 | |||||
Net loss | (168,911) | (168,911) | ||||
Balance at Dec. 31, 2016 | $ 1,516 | $ 54 | $ 167,232 | $ (282,547) | $ (113,745) | |
Balance, shares at Dec. 31, 2016 | 15,156,000 | 540,000 |
Statements of Cash Flows
Statements of Cash Flows - USD ($) | 6 Months Ended | 12 Months Ended |
Dec. 31, 2015 | Dec. 31, 2016 | |
OPERATING ACTIVITIES: | ||
Net Loss | $ (113,636) | $ (168,911) |
Adjustments to reconcile net loss to net cash provided by operations: | ||
Stock-based compensation | 1,500 | |
Loss on investment | 100,000 | |
Changes in operating assets and liabilities: | ||
Prepaid expense | (3,000) | |
Accounts payable and accrued liabilities | 14,700 | 33,000 |
Net cash used by Operating Activities | (100,436) | (35,911) |
INVESTING ACTIVITIES | ||
Investment in limited liability company | (100,000) | |
Net cash used in Investing Activities | (100,000) | |
FINANCING ACTIVITIES: | ||
Advanced from related parties | 136,885 | |
Stock proceeds received in advance | 100,000 | |
Issuance of preferred stock | 35,000 | |
Issuance of common stock | 5,000 | 34,000 |
Stock issuance costs | (6,698) | |
Net cash provided by Financing Activities | 235,187 | 69,000 |
Net cash (decrease) increase | 134,751 | (66,911) |
Cash, beginning | 134,751 | |
Cash, ending | $ 134,751 | $ 67,840 |
Nature of Business
Nature of Business | 12 Months Ended |
Dec. 31, 2016 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Nature of Business | NOTE 1 - NATURE OF BUSINESS Vigilant Diversified Holdings Inc. (the “Company”) was incorporated under the laws of the state of Nevada on June 30, 2015. The Company has limited operations and is developing a business plan to consult with companies involved in the cannabis industry in the United States. To date, its business activities have been limited to organizational matters, developing a website and refining its business plan. Going concern The Company’s financial statements are prepared using accounting principles generally accepted in the United States of America (“US GAAP”) applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The company has not yet established a source of revenue to cover its operating costs and allow it to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations. The outcome of these matters cannot be predicted with any certainty at this time and raise substantial doubt that the Company will be able to continue as a going concern. These financial statements do not include any adjustments to the amounts and classifications of assets and liabilities that may be necessary should the Company be unable to continue as a going concern. Management intends to obtain additional funding by borrowing funds, and/or a private placement of common stock. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2016 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation These financial statements and related notes are presented in accordance with US GAAP, and are presented in United States dollars. Basis of Accounting The Company’s financial statements are prepared using the accrual method of accounting. Use of Estimates and Assumptions The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. The Company regularly evaluates estimates and assumptions related to the fair value of stock-based compensation and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. Income Taxes Income tax expense is based on pre-tax financial accounting income. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of assets and liabilities and their respective tax bases. Deferred tax assets, including tax loss and credit carry forwards, and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Deferred income tax expense represents the change during the period in the deferred tax assets and deferred tax liabilities. The components of the deferred tax assets and liabilities are individually classified as current and non-current based on their characteristics. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not some portion or all of the deferred tax assets will not be realized. Loss per Share The Company’s basic loss per share are calculated by dividing its net loss available to common stockholders by the weighted average number of common shares outstanding for the period. The Company’s dilutive earnings loss per share is calculated by dividing its net loss available to common shareholders by the diluted weighted average number of shares outstanding during the period. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. Fair Value of Financial Instruments The Company’s financial instruments as defined by FASB ASC 825, “Financial Instruments” FASB ASC 820 “Fair Value Measurements and Disclosures” ● Level 1. Observable inputs such as quoted prices in active markets; ● Level 2. Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and ● Level 3. Unobservable inputs in which there is little or no market data, which requires the reporting entity to develop its own assumptions. Long term Investments The Company’s investment in an entity where it is a minority owner and does not have the ability to exercise significant influence is recorded at fair value if readily determinable. If the fair market value is not readily determinable, the investment is recorded under the cost-method. Under this method, the Company’s share of the earnings or losses of such investee company is not included in the Company’s financial statements. The Company reviews the carrying value of its long term investments for impairment each reporting period. Stock Based Compensation For equity awards, such as stock options, total compensation cost is based on the grant date fair value and for liability awards, such as stock appreciation rights, total compensation cost is based on the settlement value. The company recognizes stock-based compensation expense for all awards over the service period required to earn the award, which is the shorter of the vesting period or the time period an employee becomes eligible to retain the award at retirement. Recent Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and 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. |
Related Party Transactions
Related Party Transactions | 12 Months Ended |
Dec. 31, 2016 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | NOTE 3–RELATED PARTY TRANSACTIONS The amounts due to related parties are as follows: 2016 2015 Chief Executive Officer (“CEO”) of the Company $ 389 $ 389 A company controlled by the CEO 136,496 136,496 Total $ 136,885 $ 136,885 During the year ended December 31, 2015, a company controlled by the CEO of the Company advanced $48,675 to the Company to pay for professional fees. During the year ended December 31, 2015, the Company issued 14,900,000 founders’ shares at $0.0001 per share for formation services to a company controlled by the CEO of the Company. During the year ended December 31, 2016, there were no related party transactions. |
Stockholders' Deficit
Stockholders' Deficit | 12 Months Ended |
Dec. 31, 2016 | |
Equity [Abstract] | |
Stockholders' Deficit | NOTE 4–STOCKHOLDERS’ DEFICIT Common shares The Company is authorized to issue 100,000,000 common stock with par value of $0.0001 per share. During the year ended December 31, 2016, the Company issued 136,000 common shares at $0.25 per share for proceeds of $34,000. During the year ended December 31, 2015, the following common stock transactions occurred: On June 30, 2015, the Company issued 15,000,000 shares of common stock for services rendered in its formation at a price of $0.0001 per share, for $1,500. On December 21, 2015, the Company issued 20,000 shares of common stock at $0.25 per share, for $5,000. Preferred shares The Company is authorized to issue 10,000,000 preferred stock with par value of $0.0001 per share. The Company may divide the preferred stock into any number of series and designate the number of shares for each series. On January 12, 2016, the Company designated 4,000,000 preferred shares into its Series A Preferred Stock which have a value of $0.25 per share, are nonvoting, convertible and not entitled to dividends. Each preferred share is convertible at $0.25 per share into one common share on the earlier of: (1) the time the Company receives its stock symbol; or (2) six months from the date of purchase. The conversion price is subject to an adjustment if a capital transaction of the Company dilutes the preferred shareholder’s percent ownership of the Company’s common stock. During the year ended December 31, 2016, the following preferred stock transactions occurred: On January 17, 2016 the Company issued 400,000 Series A Preferred Stock at $0.25 per share for $100,000. The Company has yet to convert these preferred shares and the preferred shareholder’s percent ownership of the Company’s common stock has not diluted. On February 25, 2016, the Company issued 140,000 Series A Preferred Stock at $0.25 per share for $35,000. The Company has yet to convert these preferred shares and the preferred shareholder’s percent ownership of the Company’s common stock has not diluted. During the year ended December 31, 2015, there were no preferred stock transactions that occurred. However, as at December 31, 2015, the Company was holding $100,000 in trust for proceeds received from a Series A Preferred Stock subscription, which was subsequently issued on January 17, 2016. |
Loss on Investment
Loss on Investment | 12 Months Ended |
Dec. 31, 2016 | |
Loss On Investment | |
Loss on Investment | NOTE 5– LOSS ON INVESTMENT On January 4, 2016, the Company made an investment in Curved Rolling Papers LLC (“Curved”). The Company entered into an agreement (the “Agreement”) with Curved that provided for the purchase of up to 5% ownership in Curved for $250,000 to be paid in installments. Curved was to receive $250,000 in consideration from January 4, 2016 through March 1, 2016. The Company invested $50,000 on January 4, 2016 and $50,000 on February 2, 2016. The Company was unable to fund the additional investment since the additional equity it was seeking to raise did not materialize. In May 2016, Curved notified the Company that it was transferring its assets to a new entity and discontinuing Curved, thus, nullifying the Company’s investment. Curved failed to provide the Company with certificates evidencing the Company’s membership interest in Curved and have declined to return any of the Company’s investment. As such, the investment was recognized as a loss on the statement of operations. |
Income Taxes
Income Taxes | 12 Months Ended |
Dec. 31, 2016 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | NOTE 6–INCOME TAXES A reconciliation of the expected income tax recovery to the actual income tax recovery is as follows: 2016 2015 Net loss $ (168,911 ) $ (113,636 ) Statutory tax rate 34 % 34 % Expected income tax recovery at statutory rate (57,430 ) (38,636 ) Non-deductible expenditures 839 753 Share issue costs - 774 Other 456 (774 ) Change in unrecognized deferred assets 56,135 36,883 Total income tax expense $ - $ - The Company has the following deductible temporary differences: 2016 2015 Deferred income tax assets (liabilities): Share issuance costs $ (1,367 ) $ (455 ) Non-capital loss carry-forward 95,385 38,338 Total deferred income tax assets 94,018 37,883 Less: Valuation allowance (94,018 ) (37,883 ) Net deferred income tax asset $ - $ - Realization of deferred tax assets is dependent upon sufficient future taxable income during the period that deductible temporary differences and carry-forwards are expected to be available to reduce taxable income. As the achievement of required future taxable income is uncertain, the Company recorded a valuation allowance. As at December 31, 2016, the Company has non-capital losses of approximately $281,000 (2015 – $113,000) which will expire between 2035 to 2036. |
Subsequent Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2016 | |
Subsequent Events [Abstract] | |
Subsequent Events |
Summary of Significant Accoun14
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2016 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation These financial statements and related notes are presented in accordance with US GAAP, and are presented in United States dollars. |
Basis of Accounting | Basis of Accounting The Company’s financial statements are prepared using the accrual method of accounting. |
Use of Estimates and Assumptions | Use of Estimates and Assumptions The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. The Company regularly evaluates estimates and assumptions related to the fair value of stock-based compensation and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. |
Income Taxes | Income Taxes Income tax expense is based on pre-tax financial accounting income. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of assets and liabilities and their respective tax bases. Deferred tax assets, including tax loss and credit carry forwards, and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Deferred income tax expense represents the change during the period in the deferred tax assets and deferred tax liabilities. The components of the deferred tax assets and liabilities are individually classified as current and non-current based on their characteristics. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not some portion or all of the deferred tax assets will not be realized. |
Loss per Share | Loss per Share The Company’s basic loss per share are calculated by dividing its net loss available to common stockholders by the weighted average number of common shares outstanding for the period. The Company’s dilutive earnings loss per share is calculated by dividing its net loss available to common shareholders by the diluted weighted average number of shares outstanding during the period. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. |
Fair Value of Financial Instruments | Fair Value of Financial Instruments The Company’s financial instruments as defined by FASB ASC 825, “Financial Instruments” FASB ASC 820 “Fair Value Measurements and Disclosures” ● Level 1. Observable inputs such as quoted prices in active markets; ● Level 2. Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and ● Level 3. Unobservable inputs in which there is little or no market data, which requires the reporting entity to develop its own assumptions. |
Long term Investments | Long term Investments The Company’s investment in an entity where it is a minority owner and does not have the ability to exercise significant influence is recorded at fair value if readily determinable. If the fair market value is not readily determinable, the investment is recorded under the cost-method. Under this method, the Company’s share of the earnings or losses of such investee company is not included in the Company’s financial statements. The Company reviews the carrying value of its long term investments for impairment each reporting period. |
Stock Based Compensation | Stock Based Compensation For equity awards, such as stock options, total compensation cost is based on the grant date fair value and for liability awards, such as stock appreciation rights, total compensation cost is based on the settlement value. The company recognizes stock-based compensation expense for all awards over the service period required to earn the award, which is the shorter of the vesting period or the time period an employee becomes eligible to retain the award at retirement. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and 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. |
Related Party Transactions (Tab
Related Party Transactions (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Related Party Transactions [Abstract] | |
Schedule of Amount Due to Related Parties | The amounts due to related parties are as follows: 2016 2015 Chief Executive Officer (“CEO”) of the Company $ 389 $ 389 A company controlled by the CEO 136,496 136,496 Total $ 136,885 $ 136,885 |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2016 | |
Income Tax Disclosure [Abstract] | |
Schedule of Reconciliation of Income Tax Expense (Benefit) | A reconciliation of the expected income tax recovery to the actual income tax recovery is as follows: 2016 2015 Net loss $ (168,911 ) $ (113,636 ) Statutory tax rate 34 % 34 % Expected income tax recovery at statutory rate (57,430 ) (38,636 ) Non-deductible expenditures 839 753 Share issue costs - 774 Other 456 (774 ) Change in unrecognized deferred assets 56,135 36,883 Total income tax expense $ - $ - |
Schedule of Deferred Tax Assets | The Company has the following deductible temporary differences: 2016 2015 Deferred income tax assets (liabilities): Share issuance costs $ (1,367 ) $ (455 ) Non-capital loss carry-forward 95,385 38,338 Total deferred income tax assets 94,018 37,883 Less: Valuation allowance (94,018 ) (37,883 ) Net deferred income tax asset $ - $ - |
Related Party Transactions (Det
Related Party Transactions (Details Narrative) - USD ($) | 6 Months Ended | 12 Months Ended | ||||
Dec. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015 | Jan. 12, 2016 | Dec. 21, 2015 | Jun. 29, 2015 | |
Professional fees | $ 94,490 | $ 40,350 | ||||
Shares issued price per share | $ 0.25 | $ 0.25 | $ 0.0001 | |||
Proceeds from related party debt | $ 136,885 | |||||
CEO [Member] | ||||||
Professional fees | $ 48,675 | |||||
Number of founders shares issued | 14,900,000 | |||||
Shares issued price per share | $ 0.0001 | $ 0.0001 |
Related Party Transactions - Sc
Related Party Transactions - Schedule of Amount Due to Related Parties (Details) - USD ($) | Dec. 31, 2016 | Dec. 31, 2015 |
Total | $ 136,885 | $ 136,885 |
Chief Executive Officer (CEO) of the Company [Member] | ||
Total | 389 | 389 |
A Company Controlled by the CEO [Member] | ||
Total | $ 136,496 | $ 136,496 |
Stockholders' Deficit (Details
Stockholders' Deficit (Details Narrative) - USD ($) | Feb. 25, 2016 | Jan. 17, 2016 | Jan. 12, 2016 | Dec. 21, 2015 | Jun. 29, 2015 | Dec. 31, 2015 | Dec. 31, 2016 |
Common stock shares, authorized | 100,000,000 | 100,000,000 | |||||
Common stock shares, par value | $ 0.0001 | $ 0.0001 | |||||
Common stock shares, issued | 20,000 | 15,020,000 | 15,156,000 | ||||
Shares issued price per share | $ 0.25 | $ 0.25 | $ 0.0001 | ||||
Preferred stock, shares designated | 4,000,000 | ||||||
Proceeds from issuance of common stock | $ 5,000 | $ 1,500 | $ 5,000 | $ 34,000 | |||
Number of common shares issued for services rendered | 15,000,000 | ||||||
Preferred stock conversion basis | Each preferred share is convertible at $0.25 per share into one common share on the earlier of | ||||||
Preferred stock shares, authorized | 10,000,000 | 10,000,000 | |||||
Preferred stock shares, par value | $ 0.0001 | $ 0.0001 | |||||
Preferred stock shares, issued | |||||||
Preferred stock shares, outstanding | |||||||
Preferred stock proceeds received | $ 35,000 | ||||||
Common Shares [Member] | |||||||
Common stock shares, issued | 136,000 | ||||||
Shares issued price per share | $ 0.25 | ||||||
Proceeds from issuance of common stock | $ 34,000 | ||||||
Series A Preferred Stock [Member] | |||||||
Shares issued price per share | $ 0.25 | $ 0.25 | |||||
Preferred stock, shares designated | 4,000,000 | 4,000,000 | |||||
Proceeds from issuance of common stock | $ 35,000 | $ 100,000 | |||||
Number of common shares issued for services rendered | 400,000 | ||||||
Preferred stock shares, issued | 140,000 | 540,000 | |||||
Preferred stock shares, outstanding | 540,000 | ||||||
Preferred stock proceeds received | $ 100,000 |
Income Taxes (Details Narrative
Income Taxes (Details Narrative) - USD ($) | 12 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2015 | |
Income Tax Disclosure [Abstract] | ||
Net operating loss carry forward | $ 281,000 | $ 113,000 |
Operating loss available to reduce future taxable income, year | expire between 2035 to 2036. |
Income Taxes - Schedule of Reco
Income Taxes - Schedule of Reconciliation of Income Tax Expense (Benefit) (Details) - USD ($) | 6 Months Ended | 12 Months Ended |
Dec. 31, 2015 | Dec. 31, 2016 | |
Income Tax Disclosure [Abstract] | ||
Net loss | $ (113,636) | $ (168,911) |
Statutory tax rate | 34.00% | 34.00% |
Expected income tax recovery at statutory rate | $ (38,636) | $ (57,430) |
Non-deductible expenditures | 753 | 839 |
Share issue costs | 774 | |
Other | (774) | 456 |
Change in unrecognized deferred assets | 36,883 | 56,135 |
Total income tax expense |
Income Taxes - Schedule of Defe
Income Taxes - Schedule of Deferred Tax Assets (Details) - USD ($) | Dec. 31, 2016 | Dec. 31, 2015 |
Income Tax Disclosure [Abstract] | ||
Share issuance costs | $ (1,367) | $ (455) |
Non-capital loss carry-forward | 95,385 | 38,338 |
Total deferred income tax assets | 94,018 | 37,883 |
Valuation allowance | (94,018) | (37,883) |
Net deferred income tax asset |
Loss on Investment (Details Nar
Loss on Investment (Details Narrative) - USD ($) | Feb. 02, 2016 | Jan. 04, 2016 | Mar. 01, 2016 | Dec. 31, 2015 | Dec. 31, 2016 |
Payment to acquire investment | $ 100,000 | ||||
Curved Rolling Papers LLC [Member] | |||||
Ownership percentage | 5.00% | ||||
Payment to acquire investment | $ 50,000 | $ 50,000 | $ 250,000 |