Medico International (MDDT) 10-Q 26 Feb 18 2017 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2017	Jan. 09, 2018
Document And Entity Information [Abstract]
Entity Registrant Name	Medico International Inc.
Entity Central Index Key	1,658,432
Trading Symbol	mddt
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		3,697,000
Document Type	10-Q
Document Period End Date	Mar. 31, 2017
Amendment Flag	false
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Current Assets
Cash and cash equivalents	$ 313,270	$ 287,754
Accounts receivable, net	441,851	416,658
Prepaid expenses and deposits	247,283	222,084
Inventory	98,995	113,229
Total Current Assets	1,101,399	1,039,725
Property and equipment, net	952,074	1,037,656
TOTAL ASSETS	2,053,473	2,077,381
Current Liabilities
Accounts payable	533,545	633,247
Accrued and other payables	157,372	186,894
Due to related parties	946,552	1,150,316
Deferred revenue	619	2,454
Loans payable - current	224,578
Capital lease obligations - current	68,481	187,171
Total Current Liabilities	1,931,147	2,160,082
Loans payable, less current	388,086
Capital lease obligations, less current	114,099	177,083
TOTAL LIABILITIES	2,433,332	2,337,165
COMMITMENTS AND CONTINGENCIES (NOTE 7)
STOCKHOLDERS' DEFICIT
Common stock, $0.001 par value; 500,000,000 shares authorized, 3,697,000 shares issued and outstanding	3,697	3,697
Additional paid-in capital	867,424	867,424
Accumulated deficit	(1,281,274)	(1,161,700)
Accumulated other comprehensive gain	30,294	30,795
TOTAL STOCKHOLDERS' DEFICIT	(379,859)	(259,784)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 2,053,473	$ 2,077,381

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - $ / shares	Mar. 31, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	3,697,000	3,697,000
Common stock, shares, outstanding	3,697,000	3,697,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Income Statement [Abstract]
DENTAL SERVICE REVENUE, NET	$ 1,734,915	$ 1,373,554
COST OF SERVICES	1,192,687	1,195,720
GROSS PROFIT	542,228	177,834
OPERATING EXPENSES
Rental	210,515	191,115
Staff costs	199,077	28,953
General and administrative	155,387	35,545
Depreciation	57,411	43,957
Professional fees	32,354	96,673
Total Operating Expenses	654,744	396,243
LOSS FROM OPERATIONS	(112,516)	(218,409)
OTHER INCOME/(EXPENSE)
Other income	1,725	21,548
Interest expense	(8,783)	(2,203)
Total other income/(expense)	(7,058)	19,345
LOSS BEFORE INCOME TAXES	(119,574)	(199,064)
Provision for income taxes	0	0
NET LOSS	(119,574)	(199,064)
OTHER COMPREHENSIVE GAIN (LOSS)
Foreign currency translation adjustments	(501)	33,764
TOTAL COMPREHENSIVE LOSS	$ (120,075)	$ (165,300)
Basic and Diluted Loss per Common Share (in dollars per share)	$ (0.03)	$ (0.06)
Basic and Diluted Weighted Average Common Shares Outstanding (in shares)	3,697,000	3,490,198

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (119,574)	$ (199,064)
Adjustments to reconcile net loss to net cash from operating activities:
Bad debt	9,165
Depreciation	153,139	123,883
Changes in operating assets and liabilities:
Accounts receivable	(34,358)	(54,226)
Other receivables		69,000
Prepaid expenses and deposits	(25,199)	(106,502)
Inventory	14,234	1,380
Accounts payable	(99,702)	28,158
Accrued and other payables	(29,522)	(16,595)
Deferred revenue	(1,835)
Net cash used in operating activities	(133,652)	(153,966)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment	(4,914)
Sales of property and equipment	3,158
Net cash used in investing activities	(1,756)
CASH FLOWS FROM FINANCING ACTIVITIES
Issuance of shares		697,000
Proceeds from loans payable	621,544
Repayment of loans payable	(17,265)
Repayment of due to related parties	(203,764)	(388,549)
Repayment of capital lease obligations	(192,130)	(46,383)
Net cash provided by financing activities	208,385	262,068
Effects on changes in foreign exchange rate	(47,461)	(7,498)
Net increase in cash and cash equivalents	25,516	100,604
Cash and cash equivalents - beginning of period	287,754	316,603
Cash and cash equivalents - end of period	313,270	417,207
Supplemental Cash Flow Disclosures
Cash paid for interest	8,783	2,203
Cash paid for income taxes	$ 0	$ 0

Nature of Operations

Nature of Operations	3 Months Ended
	Mar. 31, 2017
Nature Of Operations [Abstract]
Nature of Operations	Note 1: Nature of Operations Medico International Inc. (the “Company” or “Medico”), a Nevada corporation, was formed by the owners and principals of Smile More Holdings Pte. Ltd., a Singaporean corporation (“Smile Central”), for the purpose of acting as the holding company for Smile Central and penetrating the U.S. financial markets. Smile Central owns six (6) dental clinics operating in Singapore. Smile Central’s operations were launched in January 2014 with three (3) clinics and in 2015, an additional two (2) clinics were opened. In 2016, one (1) additional dental clinic was opened. Smile Central plans to continue to expand its operations and create additional clinics in Singapore. On September 19, 2015, the Company issued a total of 3,000,000 shares of common stock pursuant to the Share Exchange Agreement entered into among Medico, Eminent Healthcare Pte. Ltd. and Multi Care Pte. Ltd. Pursuant to the Share Exchange Agreement, the Company agreed to issue 3,000,000 shares of its common stock in exchange for all of the issued and outstanding shares of capital stock of Smile Central, 30% of which was owned by Eminent Healthcare Pte. Ltd. and 70% of which was owned by Multi Care Pte. Ltd. The Company’s CFO, Liew Min Hin, owns 100% of Eminent Healthcare Pte. Ltd. The shares were issued pursuant to Section 4(2) of the Securities Act of 1993 Financial Statements Presented The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles (“U.S. GAAP”) for interim financial information and with the instructions for Form 10-Q and Article 210 8-03 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. All such adjustments are of a normal recurring nature. Operating results for the three months ended March 31, 2017, are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2017. For further information, refer to the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2016 as filed with the Securities and Exchange Commission on June 19, 2017. Certain reclassifications have been made to the prior period’s consolidated financial statements to conform to the current period’s presentation.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2: Summary of Significant Accounting Policies Basis of Presentation The consolidated financial statements have been prepared in accordance with U.S. GAAP on the accrual basis of accounting. The consolidated financials consist of Medico International Inc. and its 7 subsidiaries, Smile Central Dental Group (the “Group”) consists of five entities under common control: Smile Central Dental Aljunied Ptd Ld.; Smile Central Dental Hougang Ptd Ltd.; Smile Central Dental Hougang Central Pte Ltd; Smile Central Dental Jurong Ptd Ltd.; Smile Central Dental Toa Payoh Ptd Ltd.; Smile More Holdings Ptd Ltd. and, Smile Central Dental Centre Pte Ltd. All significant inter-company accounts and transactions have been eliminated in consolidation. Functional Currency The Company's functional currency is the Singapore Dollar and reporting currency is the U.S. dollar. All transactions initiated in Singapore Dollars are translated into U.S. dollars in accordance with Accounting Standards Codification (“ASC”) 830-30, "Translation of Financial Statements," as follows: i) Assets and liabilities at the rate of exchange in effect at the balance sheet date. ii) Equity at historical rates. iii) Revenue and expense items at the average rate of exchange prevailing during the period. Adjustments arising from such translations are included in accumulated other comprehensive gain in stockholders’ deficit. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP require 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 balance sheet and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from these estimates. Cash and Cash Equivalents Cash and cash equivalents consists of cash and all highly liquid investments with a maturity of three months or less. The Company maintains its cash accounts primarily with banks located in Singapore and they are all denominated in Singapore dollar. Accounts Receivable Accounts receivable consist primarily of receivables from provided services. Management determines the allowance for doubtful accounts based on customer credit-worthiness, past transaction history with the customer, current economic industry trends, and changes in customer payment terms. On a continuing basis, management analyzes delinquent receivables, and once these receivables are determined to be uncollectible, they are written off against an existing allowance account. As of March 31, 2017, and December 31, 2016 the Company recorded an allowance for doubtful accounts of $9,165 and $0, respectively. Property and Equipment Property and equipment are stated at cost and are depreciated over their estimated useful lives using the straight-line method. Expenditures for ordinary maintenance and repairs are charged to expense as incurred. Upon retirement or disposal of assets, the cost and accumulated depreciation are eliminated from the account and any gain or loss is reflected on the consolidated statements of operations. Estimated useful lives for computers are 1 ~ 3 years and useful lives for dental equipment, furniture and fittings, office equipment and renovation are 3 ~ 5 years. Impairment or Disposal of Long-Lived Assets The Company evaluates its long-lived assets whenever significant events or changes in circumstances occur that indicate that the carrying amount of an asset may not be recoverable. Recoverability of these assets is determined by comparing the forecasted undiscounted future net cash flows from the operations to which the assets relate, based on management’s best estimates using appropriate assumptions and projections at the time, to the carrying amount of the assets. If the carrying value is determined not to be recoverable from future operating cash flows, the asset is deemed impaired and an impairment loss is recognized equal to the amount by which the carrying amount exceeds the estimated fair value of the asset. No such impairment was indicated at March 31, 2017 and December 31, 2016. Fair Value of Financial Instruments Estimates The Company’s financial instruments including accounts receivable, accounts payable, accrued and other payables and due to related parties are carried at cost, which approximates fair value due to the short-term maturity of these instruments. The recorded value of the Company’s long-term debt approximates its fair value as it bears interest at a floating rate. Concentrations of Credit Risk Financial instruments that potentially subject the Company to a significant concentration of credit risk include cash. At times, the Company maintains deposits in federally insured financial institutions in excess of federally insured limits. Management monitors the credit rating and concentration of risk with these financial institutions on a continuing basis to mitigate risk. Taxes Collected and Remitted to Governmental Authorities The Company reports taxes collected from customers, which are primarily goods and service tax, on a net basis. Revenue Recognition Revenues are recognized when services are rendered, amounts are reliably measurable, and collectability is assured. Revenue is presented, net of goods and services tax, rebates and discounts. Advertising Advertising costs are expensed as incurred. Advertising costs totaled $14,694 for the three months ended March 31, 2017. Advertising costs were immaterial for the three months ended March 31, 2016, respectively. Recent Accounting Pronouncements In May 2014, FASB issued ASU 2014-09, Revenue from Contracts with Customers Management has reviewed the impact of the accounting pronouncement on its financial statements. Management has reviewed the new standards, which consists of: (i) identifying contracts with customers; (ii) identifying performance obligations; (iii) determining the transaction price, (iv) allocating transaction prices to the performances met in the contract, and (v) recognizing revenue when the Company satisfies its performance obligation. Based on management’s review of ASU 2014-09, the Company determined the pronouncement will have no significant impact on its financial statements and financial statement disclosure. The determination was based on the Company’s future strategic business plans, which involve disposing of all revenue generating activities prior to the inception of the new accounting pronouncement.

Going Concern

Going Concern	3 Months Ended
	Mar. 31, 2017
Going Concern [Abstract]
Going Concern	Note 3: Going Concern These consolidated financial statements have been prepared on a going concern basis which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business for the foreseeable future. As of March 31, 2017, the Company has an accumulated deficit of $1,281,274 since inception and has a working capital deficiency of $829,748. Management's plans include raising capital through the equity markets to fund operations and eventually, generating profit through its business; however, there can be no assurance that the Company will be successful in such activities. These consolidated financial statements do not include any adjustments relating to the recovery of the recorded assets or the classifications of the liabilities that might be necessary should the Company be unable to continue as a going concern.

Property and Equipment

Property and Equipment	3 Months Ended
	Mar. 31, 2017
Property, Plant and Equipment [Abstract]
Property and Equipment	Note 4: Property and Equipment March 31, December 31, 2017 2016 Dental equipment $ 1,094,766 $ 1,057,544 Renovation 782,423 755,217 Computer 70,655 68,003 Office equipment 23,193 19,258 Lab equipment 6,920 6,679 Furniture and fittings 3,450 3,218 1,981,407 1,909,919 Less accumulated depreciation (1,029,333 ) (872,263 ) $ 952,074 $ 1,037,656 Depreciation expense of $153,139 and $123,883 was recorded by the Company for the three months ended March 31, 2017 and 2016, respectively. $95,728 and $79,926 is included in the cost of services and $57,411 and $43,957 is included in operating expenses on the Company’s consolidated statements of operations for the three months ended March 31, 2017 and 2016, respectively.

Loans payable

Loans payable	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Loans payable	Note 5: Loans payable On February 6, 2017, the Company borrowed an aggregate amount of $621,544 (Singapore dollar (“SGD”) 880,000). The Company is required to make monthly principal and interest payments of $17,265 (SGD26,351) for a period of 36 months through January 2020. During the three months ended March 31, 2017, the Company repaid $17,265. At March 31, 2017 and December 31, 2016, loans payable included in current liabilities were $224,578 and $0, respectively, and loans payable included in long-term liabilities were $388,086 and $0, respectively. Interest expenses for the three months ended March 31, 2017 amounted to $1,347.

Capital Leases

Capital Leases	3 Months Ended
	Mar. 31, 2017
Leases, Capital [Abstract]
Capital Leases	Note 6: Capital Leases The Company leases dental equipment under non-cancellable capital lease arrangements. The terms of those capital leases vary from 3 to 5 years and annual interest rate vary from 3% to 7%. As of March 31, 2017, the future minimum lease payments under finance leases are as follows: 2017 $ 54,827 2018 73,102 2019 66,975 Total 194,904 Amount representing interest payments (12,324 ) Present value of future minimum payments 182,580 Capital lease obligation, current portion 68,481 Capital lease obligation, long-term portion $ 114,099

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 7: Commitments and Contingencies During the normal course of business, the Company may be exposed to litigation. When the Company becomes aware of potential litigation, it evaluates the merits of the case in accordance with Financial Accounting Standards Board (“FASB”) 450-20-50, Contingencies. The Company leases space for its dental clinics under non-cancelable operating leases. During the three months ended March 31, 2017 and 2016, the Company paid rent expenses of $210,515 and $191,115, respectively. As of March 31, 2017, the approximate future aggregate minimum lease payments under the non-cancellable operating leases were as follows: 2017 $ 592,934 2018 457,567 2019 110,592 Total $ 1,161,093

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2017
Related Party Transactions [Abstract]
Related Party Transactions	Note 8: Related Party Transactions In support of the Company's efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by shareholders or directors. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances were considered temporary in nature and were not formalized by a promissory note. During the three months ended March 31, 2017, the Company repaid a net amount of $203,764 to reduce advances and loans from various officers. As of March 31, 2017 and December 31, 2016, the Company was obligated to its officers for unsecured, non-interest bearing demand loans with balances totaling $946,552 and $1,150,316, respectively.

Subsequent events

Subsequent events	3 Months Ended
	Mar. 31, 2017
Subsequent Events [Abstract]
Subsequent events	Note 9: Subsequent events On June 5, 2017, the Company closed the transactions under the Share Exchange Agreement (“ Share Exchange Agreement”) by and between the Company, Eminent Healthcare Pte. Ltd., a Singaporean corporation, Multi Care Pte. Ltd., a Singaporean corporation, and Targeted Solutions Global Limited, a United Kingdom Private limited company, for the sale of all of the issued and outstanding ordinary shares of the Company’s 100% wholly-owned subsidiary, Smile More Holdings Pte. Ltd., a Singaporean corporation (the “Stock Purchase”). Prior to the closing of the Stock Purchase, Eminent Healthcare Pte. Ltd. and Multi Care Pte. Ltd. were the Company’s majority shareholders. Liew Min Hin, the Company’s former Chief Financial Officer and former member of the Board of Directors, owns 100% of Eminent Healthcare Pte. Ltd., and is the father of Dr. Daniel Liew, the Company’s former Chief Executive Officer and former member of the Board of Directors. Pursuant to the Share Exchange Agreement, in consideration for transferring the Smile Shares to the Majority Shareholders and waiving the Intra-Company Loan, the Company received all of the rights, interests, claim and title in that certain US patent known as “Method for diagnosing malignancy in pelvic tumors”, US Patent No. 6,112,108 (the “Patent”), which Targeted Solutions Global Limited, a United Kingdom Private limited company (“TSG”) had the right and ability to deliver to the Company and in connection with the closing of the Share Exchange Agreement, Jiang Chun Yan was appointed as the CEO and sole member of the Company’s Board of Directors. In addition, under the Share Exchange Agreement, TSG received from the Majority Shareholders the Medico Shares and the Majority Shareholders received $200,000 from TSG. The effect of the transactions set forth in the Share Exchange Agreement is that commencing June 5, 2017 the Company will no longer own and operate dental clinics in Singapore but will focus its efforts in the area of cancer diagnostics tools in connection with the Patent.

Summary of Significant Accoun15

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The consolidated financial statements have been prepared in accordance with U.S. GAAP on the accrual basis of accounting. The consolidated financials consist of Medico International Inc. and its 7 subsidiaries, Smile Central Dental Group (the “Group”) consists of five entities under common control: Smile Central Dental Aljunied Ptd Ld.; Smile Central Dental Hougang Ptd Ltd.; Smile Central Dental Hougang Central Pte Ltd; Smile Central Dental Jurong Ptd Ltd.; Smile Central Dental Toa Payoh Ptd Ltd.; Smile More Holdings Ptd Ltd. and, Smile Central Dental Centre Pte Ltd. All significant inter-company accounts and transactions have been eliminated in consolidation.
Functional Currency	Functional Currency The Company's functional currency is the Singapore Dollar and reporting currency is the U.S. dollar. All transactions initiated in Singapore Dollars are translated into U.S. dollars in accordance with Accounting Standards Codification (“ASC”) 830-30, "Translation of Financial Statements," as follows: i) Assets and liabilities at the rate of exchange in effect at the balance sheet date. ii) Equity at historical rates. iii) Revenue and expense items at the average rate of exchange prevailing during the period. Adjustments arising from such translations are included in accumulated other comprehensive gain in stockholders’ deficit.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP require 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 balance sheet and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from these estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents consists of cash and all highly liquid investments with a maturity of three months or less. The Company maintains its cash accounts primarily with banks located in Singapore and they are all denominated in Singapore dollar.
Accounts Receivable	Accounts Receivable Accounts receivable consist primarily of receivables from provided services. Management determines the allowance for doubtful accounts based on customer credit-worthiness, past transaction history with the customer, current economic industry trends, and changes in customer payment terms. On a continuing basis, management analyzes delinquent receivables, and once these receivables are determined to be uncollectible, they are written off against an existing allowance account. As of March 31, 2017, and December 31, 2016 the Company recorded an allowance for doubtful accounts of $9,165 and $0, respectively.
Property and Equipment	Property and Equipment Property and equipment are stated at cost and are depreciated over their estimated useful lives using the straight-line method. Expenditures for ordinary maintenance and repairs are charged to expense as incurred. Upon retirement or disposal of assets, the cost and accumulated depreciation are eliminated from the account and any gain or loss is reflected on the consolidated statements of operations. Estimated useful lives for computers are 1 ~ 3 years and useful lives for dental equipment, furniture and fittings, office equipment and renovation are 3 ~ 5 years.
Impairment or Disposal of Long-Lived Assets	Impairment or Disposal of Long-Lived Assets The Company evaluates its long-lived assets whenever significant events or changes in circumstances occur that indicate that the carrying amount of an asset may not be recoverable. Recoverability of these assets is determined by comparing the forecasted undiscounted future net cash flows from the operations to which the assets relate, based on management’s best estimates using appropriate assumptions and projections at the time, to the carrying amount of the assets. If the carrying value is determined not to be recoverable from future operating cash flows, the asset is deemed impaired and an impairment loss is recognized equal to the amount by which the carrying amount exceeds the estimated fair value of the asset. No such impairment was indicated at March 31, 2017 and December 31, 2016.
Fair Value of Financial Instruments Estimates	Fair Value of Financial Instruments Estimates The Company’s financial instruments including accounts receivable, accounts payable, accrued and other payables and due to related parties are carried at cost, which approximates fair value due to the short-term maturity of these instruments. The recorded value of the Company’s long-term debt approximates its fair value as it bears interest at a floating rate.
Concentrations of Credit Risk	Concentrations of Credit Risk Financial instruments that potentially subject the Company to a significant concentration of credit risk include cash. At times, the Company maintains deposits in federally insured financial institutions in excess of federally insured limits. Management monitors the credit rating and concentration of risk with these financial institutions on a continuing basis to mitigate risk.
Taxes Collected and Remitted to Governmental Authorities	Taxes Collected and Remitted to Governmental Authorities The Company reports taxes collected from customers, which are primarily goods and service tax, on a net basis.
Revenue Recognition	Revenue Recognition Revenues are recognized when services are rendered, amounts are reliably measurable, and collectability is assured. Revenue is presented, net of goods and services tax, rebates and discounts.
Advertising	Advertising Advertising costs are expensed as incurred. Advertising costs totaled $14,694 for the three months ended March 31, 2017. Advertising costs were immaterial for the three months ended March 31, 2016, respectively.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, FASB issued ASU 2014-09, Revenue from Contracts with Customers Management has reviewed the impact of the accounting pronouncement on its financial statements. Management has reviewed the new standards, which consists of: (i) identifying contracts with customers; (ii) identifying performance obligations; (iii) determining the transaction price, (iv) allocating transaction prices to the performances met in the contract, and (v) recognizing revenue when the Company satisfies its performance obligation. Based on management’s review of ASU 2014-09, the Company determined the pronouncement will have no significant impact on its financial statements and financial statement disclosure. The determination was based on the Company’s future strategic business plans, which involve disposing of all revenue generating activities prior to the inception of the new accounting pronouncement.

Property and Equipment (Tables)

Property and Equipment (Tables)	3 Months Ended
	Mar. 31, 2017
Property, Plant and Equipment [Abstract]
Schedule of property and equipment	March 31, December 31, 2017 2016 Dental equipment $ 1,094,766 $ 1,057,544 Renovation 782,423 755,217 Computer 70,655 68,003 Office equipment 23,193 19,258 Lab equipment 6,920 6,679 Furniture and fittings 3,450 3,218 1,981,407 1,909,919 Less accumulated depreciation (1,029,333 ) (872,263 ) $ 952,074 $ 1,037,656

Capital Leases (Tables)

Capital Leases (Tables)	3 Months Ended
	Mar. 31, 2017
Leases, Capital [Abstract]
Schedule of future minimum lease payments under finance leases	2017 $ 54,827 2018 73,102 2019 66,975 Total 194,904 Amount representing interest payments (12,324 ) Present value of future minimum payments 182,580 Capital lease obligation, current portion 68,481 Capital lease obligation, long-term portion $ 114,099

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Schedule of future aggregate minimum lease payments	2017 $ 592,934 2018 457,567 2019 110,592 Total $ 1,161,093

Nature of Operations (Detail Te

Nature of Operations (Detail Textuals)	1 Months Ended
	Sep. 19, 2015shares	Mar. 31, 2017Clinic	Dec. 31, 2016Clinic	Dec. 31, 2015Clinic	Jan. 31, 2014Clinic
Smile Central
Nature Of Operations [Line Items]
Number of dental clinics owned in Singapore		6
Number of dental clinics launched					3
Number of additional dental clinics opened			1	2
Smile Central | Share Exchange Agreement
Nature Of Operations [Line Items]
Number of common stock issued | shares	3,000,000
Eminent Healthcare Pte. Ltd. | Share Exchange Agreement
Nature Of Operations [Line Items]
Ownership percentage	30.00%
Eminent Healthcare Pte. Ltd. | Liew Min Hin
Nature Of Operations [Line Items]
Ownership percentage	100.00%
Multi Care Pte. Ltd. | Share Exchange Agreement
Nature Of Operations [Line Items]
Ownership percentage	70.00%

Summary of Significant Accoun20

Summary of Significant Accounting Policies (Detail Textuals)	3 Months Ended
	Mar. 31, 2017
Computer
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives	1 ~ 3 years
Dental Equipment | Minimum
Summary Of Significant Accounting Policies [Line Items]
Useful life	3 years
Dental Equipment | Maximum
Summary Of Significant Accounting Policies [Line Items]
Useful life	5 years
Furniture and Fittings | Minimum
Summary Of Significant Accounting Policies [Line Items]
Useful life	3 years
Furniture and Fittings | Maximum
Summary Of Significant Accounting Policies [Line Items]
Useful life	5 years
Office Equipment | Minimum
Summary Of Significant Accounting Policies [Line Items]
Useful life	3 years
Office Equipment | Maximum
Summary Of Significant Accounting Policies [Line Items]
Useful life	5 years
Renovation | Minimum
Summary Of Significant Accounting Policies [Line Items]
Useful life	3 years
Renovation | Maximum
Summary Of Significant Accounting Policies [Line Items]
Useful life	5 years

Summary of Significant Accoun21

Summary of Significant Accounting Policies (Detail Textuals 1)	3 Months Ended
	Mar. 31, 2017USD ($)SubsidiaryEntity	Dec. 31, 2016USD ($)
Accounting Policies [Abstract]
Number of subsidiaries | Subsidiary	7
Number of entities under common control of Smile Central Dental Group | Entity	5
Allowance for doubtful accounts	$ 9,165	$ 0
Advertising costs	$ 14,694

Going Concern (Detail Textuals)

Going Concern (Detail Textuals) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Going Concern [Abstract]
Accumulated deficit	$ (1,281,274)	$ (1,161,700)
Working capital deficiency	$ (829,748)

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 1,981,407	$ 1,909,919
Less accumulated depreciation	(1,029,333)	(872,263)
Property and equipment, net	952,074	1,037,656
Dental equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,094,766	1,057,544
Renovation
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	782,423	755,217
Computer
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	70,655	68,003
Office equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	23,193	19,258
Lab equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	6,920	6,679
Furniture and fittings
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 3,450	$ 3,218

Property and Equipment (Detail

Property and Equipment (Detail Textuals) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 153,139	$ 123,883
Cost of services
Property, Plant and Equipment [Line Items]
Depreciation expense	95,728	79,926
Operating expenses
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 57,411	$ 43,957

Loans payable (Detail Textuals)

Loans payable (Detail Textuals)	Feb. 06, 2017USD ($)	Feb. 06, 2017SGD	Mar. 31, 2017USD ($)
Debt Disclosure [Abstract]
Borrowed aggregate amount	$ 621,544	SGD 880,000
Monthly principal and interest payments	$ 17,265	SGD 26,351
Period for monthly principal and interest payments	36 months	36 months
Repayment of loans payable			$ 17,265
Loans payable included in current liabilities			224,578
Loans payable included in long-term liabilities			388,086
Interest expenses			$ 1,347

Capital Leases (Details)

Capital Leases (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Leases, Capital [Abstract]
2,017	$ 54,827
2,018	73,102
2,019	66,975
Total	194,904
Amount representing interest payments	(12,324)
Present value of future minimum payments	182,580
Capital lease obligation, current portion	68,481	$ 187,171
Capital lease obligation, long-term portion	$ 114,099	$ 177,083

Capital Leases (Detail Textuals

Capital Leases (Detail Textuals)	3 Months Ended
	Mar. 31, 2017
Minimum
Schedule Of Capital Leases [Line Items]
Capital leases, term of contract	3 years
Capital leases, annual interest rate	3.00%
Maximum
Schedule Of Capital Leases [Line Items]
Capital leases, term of contract	5 years
Capital leases, annual interest rate	7.00%

Commitments and Contingencies28

Commitments and Contingencies (Details)	Mar. 31, 2017USD ($)
Commitments and Contingencies Disclosure [Abstract]
2,017	$ 592,934
2,018	457,567
2,019	110,592
Total	$ 1,161,093

Commitments and Contingencies29

Commitments and Contingencies (Detail Textuals) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Rent expenses	$ 210,515	$ 191,115

Related Party Transactions (Det

Related Party Transactions (Detail Textuals) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Related Party Transactions [Abstract]
Repayment to officers	$ 203,764	$ 388,549
Due to related parties	$ 946,552		$ 1,150,316

Subsequent events (Detail Textu

Subsequent events (Detail Textuals) - Subsequent Event - Share Exchange Agreement	Jun. 05, 2017USD ($)
Smile Central
Subsequent Event [Line Items]
Ownership percentage after closing of stock purchase agreement	100.00%
Majority Shareholders | Targeted Solutions Global Limited
Subsequent Event [Line Items]
Amount received from TSG under agreement	$ 200,000
Eminent Healthcare Pte. Ltd. | Liew Min Hin
Subsequent Event [Line Items]
Ownership percentage prior closing of stock purchase agreement	100.00%