Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2016 | Aug. 12, 2016 | |
Document and Entity Information [Abstract] | ||
Entity Registrant Name | Titan Computer Services Inc. | |
Document Type | 10-Q | |
Current Fiscal Year End Date | --12-31 | |
Entity Common Stock, Shares Outstanding | 29,826,659 | |
Amendment Flag | false | |
Entity Central Index Key | 1,664,127 | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Filer Category | Smaller Reporting Company | |
Entity Well-known Seasoned Issuer | No | |
Document Period End Date | Jun. 30, 2016 | |
Document Fiscal Year Focus | 2,016 | |
Document Fiscal Period Focus | Q2 |
CONDENSED BALANCE SHEETS
CONDENSED BALANCE SHEETS - USD ($) | Jun. 30, 2016 | Dec. 31, 2015 |
Current Assets | ||
Cash | $ 44,028 | $ 87,639 |
Account receivable | 0 | 0 |
Total Current Assets | 44,028 | 87,639 |
Intangible Assets | ||
Software Rights, net | 63,798 | 67,156 |
Total Intangible Assets | 63,798 | 67,156 |
Total Assets | 107,826 | 154,795 |
Current Liabilities | ||
Accrued expenses | 8,575 | 7,500 |
Subscription payable | 1,000 | 0 |
Other current liabilities | 3,479 | 2,729 |
Total Current Liabilities | 13,054 | 10,229 |
Long Term Liabilities | ||
Loan payable – related party | 50,000 | 50,000 |
Redeemable common stock | 13,156 | 13,156 |
Total Long Term Liabilities | 63,156 | 63,156 |
Total Liabilities | 76,210 | 73,385 |
Commitments and Contingencies (note 6) | ||
Stockholders' Equity | ||
Preferred Stock - no par value, 5,000,000 shares authorized, no shares issued and outstanding | 0 | 0 |
Common stock - no par value, 70,000,000 shares authorized, at June 30, 2016 and December 31, 2015 29,826,659 and 30,801,659 shares issues and outstanding at June 30, 2016 and December 31, 2015 | 130,511 | 119,011 |
Accumulated deficit | (98,895) | (37,601) |
Total Stockholders' Equity | 31,616 | 81,410 |
Total Liabilities and Stockholders' Equity | $ 107,826 | $ 154,795 |
CONDENSED BALANCE SHEETS (Paren
CONDENSED BALANCE SHEETS (Parentheticals) - $ / shares | Jun. 30, 2016 | Dec. 31, 2015 |
Preferred stock, par value (in Dollars per share) | $ 0 | $ 0 |
Preferred stock, shares authorized | 5,000,000 | 5,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value (in Dollars per share) | $ 0 | $ 0 |
Common stock, shares authorized | 70,000,000 | 70,000,000 |
Common stock, shares issues | 29,826,659 | 30,801,659 |
Common stock, shares outstanding | 29,826,659 | 30,801,659 |
CONDENSED STATEMENTS OF OPERATI
CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Revenue | $ 0 | $ 40,210 | $ 0 | $ 69,610 |
Cost of services provided | 0 | 19,720 | 0 | 26,569 |
Gross Profit | 0 | 20,490 | 0 | 43,041 |
Operating Expenses | ||||
Legal and professional fee | 18,230 | 400 | 48,924 | 21,350 |
Officers compensation | 0 | 0 | 0 | 24,302 |
Other general and administrative expenses | 8,617 | 2,731 | 11,620 | 5,476 |
Total operating expenses | 26,847 | 3,131 | 60,544 | 51,128 |
Profit (loss) from operations | (26,847) | 17,359 | (60,544) | (8,087) |
Other Income (Expenses) | ||||
Interest expense | (375) | 0 | (750) | 0 |
Total Other Income (Expenses), Net | (375) | 0 | (750) | 0 |
Net Income (loss) before tax | (27,222) | 17,359 | (61,294) | (8,087) |
Provision for income taxes | 0 | 0 | 0 | 0 |
Net Income (loss) | $ (27,222) | $ 17,359 | $ (61,294) | $ (8,087) |
Earnings per share - basic and fully diluted (in Dollars per share) | $ 0 | $ 0 | $ 0 | $ 0 |
Weighted-average number of shares of common stock - basic and fully diluted (in Shares) | 30,801,934 | 20,611,191 | 30,801,796 | 10,660,975 |
CONDENSED STATEMENTS OF CASH FL
CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) | 6 Months Ended | |
Jun. 30, 2016 | Jun. 30, 2015 | |
Operating Activities: | ||
Net loss | $ (61,294) | $ (8,087) |
Adjustments to reconcile net loss from operations to net cash provided by (used in) operating activities: | ||
Amortization expense | 3,358 | 0 |
Change in assets and liabilities: | ||
Accounts receivable | 0 | 17,565 |
Accounts payable | 0 | (5,376) |
Accrued expenses | 1,075 | 0 |
Other current liabilities | 750 | 1,050 |
Net Cash Provided By (Used In) Operating Activities | (56,111) | 5,152 |
Investing Activities: | ||
Acquisition of computer software rights | 0 | (67,156) |
Net Cash Used In Investing Activities | 0 | (67,156) |
Financing Activities: | ||
Issues of Common Stock | 12,500 | 130,667 |
Loan payable – related party | 0 | 50,000 |
Shareholders' advance | 0 | 14,054 |
Bank overdraft | 0 | (2,128) |
Net Cash Provided By (Used In) financing activities | 12,500 | 192,593 |
Net Increase (Decrease) in Cash and Cash Equivalents | (43,611) | 130,589 |
Cash and Cash Equivalents, Beginning Of Period | 87,639 | 0 |
Cash and Cash Equivalents, End Of Period | 44,028 | 130,589 |
Cash paid during the period: | ||
Interest paid | 0 | 0 |
Income taxes paid | 0 | 0 |
Supplemental Disclosure of Non-cash Investing and Financing Activities: | ||
Redeemable Common Stock | $ 0 | $ 0 |
1 - BACKGROUND AND DESCRIPTION
1 - BACKGROUND AND DESCRIPTION OF BUSINESS | 6 Months Ended |
Jun. 30, 2016 | |
Disclosure Text Block [Abstract] | |
Business Description and Basis of Presentation [Text Block] | 1 — BACKGROUND AND DESCRIPTION OF BUSINESS Unaudited Interim Financial Information The accompanying unaudited condensed consolidated financial statements of Titan Computer Services, Inc. have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission, or the SEC, including the instructions to Form 10-Q and Regulation S-X. Certain information and note disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States of America have been condensed or omitted from these statements pursuant to such rules and regulations and, accordingly, they do not include all the information and notes necessary for comprehensive consolidated financial statements and should be read in conjunction with our audited financial statements for the year ended December 31, 2015, included in Form S1/A filed on April 20, 2016. In the opinion of the management of the Company, all adjustments, which are of a normal recurring nature, necessary for a fair statement of the results for the three and six month periods have been made. Results for the interim periods presented are not necessarily indicative of the results that might be expected for the entire fiscal year. When used in these notes, the terms "Company", "we", "us" or "our" mean Titan Computer Services, Inc.. Company Background Titan Computer Services, Inc. (the “Company”) was incorporated on July 13, 1994 in the State of New York to provide temporary and staffing solutions to a broad cross section of industries including manufacturing, retailing and healthcare. Due to the progressive nature of digital services, the Company evolved to provide on-site IT programmers, analysts and architects for corporations, and online services for sales and marketing professionals requiring sales data, marketing intelligence and real-time leads. As a result of our purchase of a minority interest in the software known as Greentree Magic Software, the Company is also involved in the development of this software. GreenTree Magic Software is owned 51% by Green Tree Software LLC and 49% by us (software rights). The Company is developing the software to become a new product that specializes in providing business intelligence to companies in need of IT human capital. The software provides access to information for passive IT applicants in the industry. The Green Tree Magic Software was fully developed as of December 31, 2015 and will provide a business intelligence productivity tool that serves the dual purpose of business development and professional recruiting. We believe the software will help companies generate sales leads by providing access to actionable triggers, for example, a change in management, use of new software, or the type of programming language used by companies in our database. In addition, companies will be able to use the software to identify passive candidates for their job openings. |
2 - SUMMARY OF SIGNIFICANT ACCO
2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 6 Months Ended |
Jun. 30, 2016 | |
Accounting Policies [Abstract] | |
Significant Accounting Policies [Text Block] | 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation The Company follows the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America and has a year-end of December 31. 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 reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Management further acknowledges that it is solely responsible for adopting sound accounting practices, establishing and maintaining a system of internal accounting control and preventing and detecting fraud. The Company’s system of internal accounting control is designed to assure, among other items, that 1) recorded transactions are valid; 2) valid transactions are recorded; and 3) transactions are recorded in the proper period in a timely manner to produce financial statements which present fairly the financial condition, results of operations and cash flows of the Company for the respective periods being presented. 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 reported amounts of assets and liabilities, and disclosure of contingent liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant Estimates, Risks and Concentrations These accompanying financial statements include some amounts that are based on management’s best estimates and judgments. The most significant estimates relate to the valuation of the software rights and redeemable common stock liability. It is reasonably possible that the above-mentioned estimate and others may be adjusted as more current information becomes available, and any adjustment could be significant in future reporting periods. The Company is dependent on its ability to handle rapidly substantial quantities of data and transactions on computer-based networks and the capacity, reliability and security of the electronic delivery systems and the Internet. Any significant failure or interruption of these systems could cause our systems to operate slowly or interrupt service for periods of time and could have a material adverse effect on our business and results of our operations. The Company may experience shortage of capacity and increased costs associated with such usage. These events may affect our ability to store, handle and deliver data and services to our customers. Cash and Cash Equivalents The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. Revenue Recognition The Company recognizes revenue in accordance with ASC 605 Revenue Recognition (“ASC 605”). Revenue is recognized when all of the following four criteria are met: (1) persuasive evidence of an arrangement exists, (2) delivery has occurred or services rendered, (3) the fee is fixed and determinable and (4) collectability is reasonably assured. Determining whether and when some of these criteria have been satisfied often involves assumptions and judgments that can have a significant impact on the timing and amount of revenue we report. The Company charges our users a fee for non-exclusive access to its web site that contains proprietary databases. The fee allows access to the web site for a one-year period. After the customer is provided with an identification number and trained in the use of the database, there are no incremental costs that will be incurred in serving this customer. The Company recognizes these charges over the life of the agreement. Intangible Assets – Software Costs The Company's policy is to capitalize software development costs at original cost and amortize the balance over the life of the product. The life of software development cost is determined at completion of the project. The Company reviews the amounts capitalized for impairment whenever events or circumstances indicate that the carrying amounts of the assets may not be recoverable. Amortization is recognized using the straight-line method over the following approximate useful lives: Software rights 5 Years The Software rights were fully developed as at balance sheet date, no amortization was provided for the year. As of June 30, 2016 and December 31, 2015, carrying value of software costs was approximately $63,798 and $67,156, respectively. Amortization expense for the six months ended June 30, 2016 and 2015 was $ 3,358 and $0, respectively. In accordance with the provisions of the applicable authoritative guidance, the Company’s long-lived assets and amortizable intangible assets are tested for impairment whenever events or changes in circumstances indicate that their carrying value may not be recoverable. The Company assesses the recoverability of such assets by determining whether their carrying value can be recovered through undiscounted future operating cash flows, including its estimates of revenue driven by assumed market segment share and estimated costs. If impairment is indicated, the Company measures the amount of such impairment by comparing the fair value to the carrying value. During the six months ended June 30, 2016 and 2015, no impairment expense was recorded. Impairment of Long-Lived Assets The Company’s long-lived assets and other assets (consisting of property and equipment) are reviewed for impairment in accordance with the guidance of the FASB ASC Topic 360-10, Property, Plant, and Equipment, and FASB ASC Topic 205, Presentation of Financial Statements. Long lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the undiscounted future net cash flows expected to be generated by that asset. If the carrying amount of an asset exceeds its estimated future undiscounted cash flows, an impairment charge is recognized by the amount by which the carrying amount of the asset exceeds the fair value of the asset. Through June 30, 2016, the Company had not experienced impairment losses on its long-lived assets. Accounts Receivable and Allowance for Doubtful Accounts Accounts receivable are recorded at the invoiced amount, net of related cash discounts, and do not bear interest. The Company does not have any off-balance sheet exposure related to the Company’s customers. The Company maintains an allowance for doubtful accounts related to its accounts receivable that have been deemed to have a high risk of collectability. Management reviews its accounts receivable on a monthly basis to determine if any receivables will potentially be uncollectible. Management analyzes historical collection trends and changes in its customer payment patterns, customer concentration and creditworthiness when evaluating the adequacy of its allowance for doubtful accounts. In its overall allowance for doubtful accounts, the Company includes any receivable balances that are determined to be uncollectible. Based on the information available, management believes the allowance for doubtful accounts is adequate; however, actual write-offs might exceed the recorded allowance. Advertising Costs: Advertising costs are expensed as incurred. Advertising costs for the six months ended June 30, 2016 and 2015 were $0. Fair Value of Financial Instruments: The book values of cash, prepaid expenses, and accounts payable approximate their respective fair values due to the short-term nature of these instruments. The fair value hierarchy under GAAP distinguishes between assumptions based on market data (observable inputs) and an entity’s own assumptions (unobservable inputs). The hierarchy consists of three levels: • Level one — Quoted market prices in active markets for identical assets or liabilities; • Level two — Inputs other than level one inputs that are either directly or indirectly observable; and • Level three — Unobservable inputs developed using estimates and assumptions, which are developed by the reporting entity and reflect those assumptions that a market participant would use. Determining which category an asset or liability falls within the hierarchy requires significant judgment. We evaluate our hierarchy disclosures each quarter. Earnings Per Share Basic earnings per share are computed by dividing the net income by the weighted-average number of shares of common stock and common stock equivalents (primarily outstanding options and warrants). Common stock equivalents represent the dilutive effect of the assumed exercise of the outstanding stock options and warrants, using the treasury stock method. The calculation of fully diluted earnings per share assumes the dilutive effect of the exercise of outstanding options and warrants at either the beginning of the respective period presented or the date of issuance, whichever is later. Income Taxes An asset and liability approach is used for financial accounting and reporting for income taxes. Deferred income taxes arise from temporary differences between income tax and financial reporting and principally relate to recognition of revenue and expenses in different periods for financial and tax accounting purposes and are measured using currently enacted tax rates and laws. In addition, a deferred tax asset can be generated by net operating loss (NOLs) carryover. If it is more likely than not that some portion or all of a deferred tax asset will not be realized, a valuation allowance is recognized. In the event the Company is charged interest or penalties related to income tax matters, the Company would record such interest as interest expense and would record such penalties as other expense in the consolidated statements of operations. No such charges have been incurred by the Company. For the six months ended June 30, 2016 and 2015, the Company had no uncertain tax positions. Contingencies Certain conditions may exist as of the date the financial statements are issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur. The Company’s management and its legal counsel assess such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company’s legal counsel evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein. If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates that a potentially material loss contingency is not probable, but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, together with an estimate of the range of possible loss if determinable and material, would be disclosed. Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the nature of the guarantee would be disclosed. Recent Accounting Pronouncements Recently-Issued Accounting Standards: Management does not believe that any recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying financial statements. In May 2014, the FASB issued guidance on the accounting for revenue from contracts with customers that will supersede most existing revenue recognition guidance, including industry-specific guidance. The core principle requires an entity to recognize revenue to depict the transfer of goods and services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In addition, the guidance requires enhanced disclosures regarding the nature, timing and uncertainty of revenue and cash flows arising from an entity's contracts with customers. This guidance is effective for interim and annual reporting periods beginning on or after December 15, 2017. Entities can choose to apply the guidance using either the full retrospective approach or a modified retrospective approach. Management is evaluating whether the adoption of this guidance will have a material impact on the Company’s financial statements. In June 2014, the FASB issued guidance that clarifies the accounting for share-based payments in which the terms of the award provide that a performance target that affects vesting could be achieved after the requisite service period. In this case, the performance target would be required to be treated as a performance condition, and should not be reflected in estimating the grant-date fair value of the award. The guidance also addresses when to recognize the related compensation cost. This guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015. Management believes that the adoption of this guidance will not have a material impact on the Company’s financial statements. ASU 2014-15 – “Presentation of Financial Statements—Going Concern—Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU 2014-15”).” In August 2014, the FASB issued ASU 2014-15 requiring management to assess an entity’s ability to continue as a going concern, and to provide related footnote disclosures in certain circumstances. ASU 2014-15 is effective for annual periods, and interim periods within those annual periods, starting December 15, 2016; the Company’s first quarter of fiscal 2018. |
3 - INTANGIBLE ASSETS - SOFTWAR
3 - INTANGIBLE ASSETS - SOFTWARE RIGHTS | 6 Months Ended |
Jun. 30, 2016 | |
Disclosure Text Block [Abstract] | |
Intangible Assets Disclosure [Text Block] | 3 — INTANGIBLE ASSETS - SOFTWARE RIGHTS Software rights, net consisted of the following: June 30, 2016 December 31, 2015 Software rights $ 67,156 $ 67,156 Accumulated amortization (3,358 ) - $ 63,798 $ 67,156 Amortization expense for the six months ended June 30, 2016 and 2015 was approximately $3,358 and $0. Green Tree Magic Software Agreement Due to the progressive nature of digital services, the Company evolved to provide on-site IT programmers, analysts and architects for corporations, and online services for sales and marketing professionals requiring sales data, marketing intelligence and real-time leads. As a result of our purchase of a minority interest in the software known as Greentree Magic Software, the Company is also involved in the enhancements of this software. On April 27, 2015, the Company entered into a software purchase agreement with Green Tree Software LLC, Mr. Steve Edelman, the principal of Green Tree Software LLC (“Green Tree”) and Rosenweiss Capital LLC (“Rosenweiss”) pursuant to which we purchased a 49% interest in the software known as “Greentree Magic Software” (“software”) for a total purchase price of $67,156. The Green Tree software was still in development at the time of the transaction and therefore the fair market value of the software was not clearly evident or could not be reliably measured at the time of this transaction. The fair value of the consideration given, including the stock transferred to obtain the software rights and cash paid, was a better indicator thus more reliably measurable than the fair value of the software rights acquired. Based on the above, a share price of approximately $0.001, same price used for the March and April 2015 stock transactions for the founders’ shares was used as a basis for valuing the software, plus the cash paid. The agreement also provides that if the Company does not become a publicly traded company subject to the reporting requirements of the Securities Exchange Act of 1934 prior to April 2017, the 49% interest the Company has in the software shall revert back to Green Tree and Green Tree shall return 7,350,000 common shares of the Company back to the current shareholders of the Company and 7,350,000 of the Company’s common shares to Rosenweiss. These shares were recorded as a long-term liability, redeemable common stock and totaled $13,156 at June 30, 2016 and December 31, 2015. The agreement provides that Green Tree and Rosenweiss shall each be entitled to appoint one member to the Company’s board of directors. The Company also agreed that certain corporate actions, such as the issuance of securities, the sale of assets and assumption of liabilities (other than in the ordinary course and liabilities less than $5,000), hiring personnel, setting salaries, declaring or paying distributions require the approval of the director appointed by Rosenweiss. The decision to exercise the right of first refusal described below must also be approved by said director. Because the Company is required to repurchase these issued common shares if the Seller exercises the above Put Option, this redemption feature meets the definition under the ASC 480-10-25-8, “Obligations to Repurchase Issuer’s Equity Shares by Transferring Assets”. Per ASC 480-10-25-8, the obligation to repurchase an issuer’s own shares by transferring assets should be recognized as a liability at inception date. Therefore, the number of potential shares needed to repurchase the common stock under this put option was 14,700,000 shares as of June 30, 2016 and December 31, 2015. This obligation was recorded as a long-term liability of $13,156 as redeemable common stock liability in the accompanying condensed balance sheet. |
4 - LOAN PAYABLE - RELATED
4 - LOAN PAYABLE - RELATED | 6 Months Ended |
Jun. 30, 2016 | |
Debt Disclosure [Abstract] | |
Debt Disclosure [Text Block] | 4 — LOAN PAYABLE - RELATED Concurrent with the closing of the software purchase, Rosenweiss purchased 3,000,000 shares of the Company’s common stock, representing 10% of our issued and outstanding shares of common stock, for a purchase price of $0.023 per share, for aggregate gross proceeds of $70,000. The agreement also provides that Rosenweiss extend a loan to the Company in the amount of $50,000. The Company was granted a loan in the amount of $50,000 on May 29, 2015 expiring on May 29, 2019 at a rate of 3% per annum. |
5 - INCOME TAXES
5 - INCOME TAXES | 6 Months Ended |
Jun. 30, 2016 | |
Income Tax Disclosure [Abstract] | |
Income Tax Disclosure [Text Block] | 5 — INCOME TAXES Effective January 1, 2015, the Company converted from an S-Corporation to a C-Corporation. The profits of a C-Corporation are taxed at the applicable corporate tax rates. Deferred Tax Assets The Company accounts for income taxes under the liability method. Deferred tax assets and liabilities are recorded based on the differences between the tax bases of assets and liabilities and their carrying amounts for financial reporting purpose, referred to as temporary differences. Deferred tax assets and liabilities at the end of each period are determined using the currently enacted tax rates applied to taxable income in the periods in which the deferred tax assets and liabilities are expected to be settled or realized. The Company’s tax provision is determined using an estimate of an annual effective tax rate adjusted for discrete items, if any, that are taken into account in the relevant period. The 2016 and 2015 annual effective tax rate is estimated to be a combined 38% for the U.S. federal and state statutory tax rates. The Company reviews tax uncertainties in light of changing facts and circumstances and adjust them accordingly. As of June 30, 2016 and December 31, 2015, there were no tax contingencies recorded. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities recognized for financial reporting, and the amounts recognized for income tax purposes. The significant components of deferred tax assets (at a 38% effective tax rate) as of June 30, 2016 and December 31, 2015, respectively, are as follows: Total Total Deferred Tax Asset 2016 2015 2016 2015 Net operating loss carry-forward 107,652 46,358 40,908 17,616 Less: valuation allowance (107,652 ) (46,358 ) (40,908 ) (17,616 ) Total $ - $ - $ - $ - The Company has a net operating loss carry-forward for federal and state tax purposes of approximately $108,000 at June 30, 2016, that is potentially available to offset future taxable income, which will begin to expire in the year 2030. For financial reporting purposes, no deferred tax asset was recognized because at June 30, 2016 and December 31, 2015, management estimates that it is more likely than not that substantially all of the net operating losses will expire unused. As a result, the amount of the deferred tax assets considered realizable was reduced 100% by a valuation allowance. The change in the valuation allowance was approximately $54,000 and $18,000 for the six months ended June 30, 2016 and 2015. The Company is no longer subject to U.S. federal, state, or non-U.S. income tax examinations by tax authorities for tax years before 2012, except that in the future, earlier tax years can be examined for the sole purpose of challenging the net operating loss carry-forwards arising in those years. The reconciliation between income taxes (benefit) at the U.S. and State statutory tax rates and the amount recorded in the accompanying financial statements is as follows: June 30, June 30, 2016 2015 Tax benefit at U.S. federal statutory rate $ (23,292 ) $ (3,073 ) State income taxes/(benefit) before valuation allowance, net of federal benefit - - Increase in valuation allowance 23,292 3,073 Total provision for income tax benefit $ - $ - |
6 - COMMITMENTS AND CONTINGENCI
6 - COMMITMENTS AND CONTINGENCIES | 6 Months Ended |
Jun. 30, 2016 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies Disclosure [Text Block] | 6 — COMMITMENTS AND CONTINGENCIES The Company is subject, from time to time, to claims by third parties under various legal disputes. The defense of such claims, or any adverse outcome relating to any such claims, could have a material adverse effect on the Company’s liquidity, financial condition and cash flows. For the six months ended June 30, 2016 and 2015, the Company did not have any legal actions pending against it. |
7 - STOCKHOLDERS' EQUITY
7 - STOCKHOLDERS' EQUITY | 6 Months Ended |
Jun. 30, 2016 | |
Stockholders' Equity Note [Abstract] | |
Stockholders' Equity Note Disclosure [Text Block] | 7 — STOCKHOLDERS’ EQUITY In February 2015, the Company filed certificate of amendment and the amendment effected by this certificate of amendment relates to an increase in the authorized share capital of the corporation from 200 shares, no par value, to 75,000,000 shares, no par value, consisting of 70,000,000 shares of common stock, no par value, and 5,000,000 shares of preferred stock. Stock Transactions In March and April 2015, the Company closed on the sale of an aggregate of 13,000,000 shares of common stock at a purchase price of $0.001 per share for aggregate proceeds of $13,000 in a private offering. On April 27, 2015, the Company closed on the sale of an aggregate of 3,000,000 shares of common stock at a purchase price of $0.023 per share for aggregate proceeds of $70,000 to Rosenweiss relating to the Green Tree Magic Software Agreement. In May and June 2015, we closed on the sale of an aggregate of 101,459 shares of common stock at a purchase price of $0.35 per share, for aggregate gross proceeds of $35,511. On April 27, 2015, the Company issued 14,700,000 shares of its common stock and $54,000 in cash to Green Tree for its 49% interest in the software. On June 28, 2016, we closed on the sale of an aggregate of 25,000 shares of common stock at a purchase price of $0.5 per share, for aggregate gross proceeds of $12,500. On June 30, 2016, the Company cancelled 1,000,000 shares which were erroneously listed as being issued during the private offering. As of June 30, 2016 and December 31, 2015, the Company has no preferred stock issued and outstanding. As of June 30, 2016 and December 31, 2015, the Company has 29,826,659 and 30,801,659 shares of no par common stock issued and outstanding. |
Accounting Policies, by Policy
Accounting Policies, by Policy (Policies) | 6 Months Ended |
Jun. 30, 2016 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of presentation The Company follows the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America and has a year-end of December 31. 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 reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Management further acknowledges that it is solely responsible for adopting sound accounting practices, establishing and maintaining a system of internal accounting control and preventing and detecting fraud. The Company’s system of internal accounting control is designed to assure, among other items, that 1) recorded transactions are valid; 2) valid transactions are recorded; and 3) transactions are recorded in the proper period in a timely manner to produce financial statements which present fairly the financial condition, results of operations and cash flows of the Company for the respective periods being presented. |
Use of Estimates, Policy [Policy Text Block] | 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 reported amounts of assets and liabilities, and disclosure of contingent liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. |
Concentration Risk, Credit Risk, Policy [Policy Text Block] | Significant Estimates, Risks and Concentrations These accompanying financial statements include some amounts that are based on management’s best estimates and judgments. The most significant estimates relate to the valuation of the software rights and redeemable common stock liability. It is reasonably possible that the above-mentioned estimate and others may be adjusted as more current information becomes available, and any adjustment could be significant in future reporting periods. The Company is dependent on its ability to handle rapidly substantial quantities of data and transactions on computer-based networks and the capacity, reliability and security of the electronic delivery systems and the Internet. Any significant failure or interruption of these systems could cause our systems to operate slowly or interrupt service for periods of time and could have a material adverse effect on our business and results of our operations. The Company may experience shortage of capacity and increased costs associated with such usage. These events may affect our ability to store, handle and deliver data and services to our customers. |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Cash Equivalents The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. |
Revenue Recognition, Policy [Policy Text Block] | Revenue Recognition The Company recognizes revenue in accordance with ASC 605 Revenue Recognition (“ASC 605”). Revenue is recognized when all of the following four criteria are met: (1) persuasive evidence of an arrangement exists, (2) delivery has occurred or services rendered, (3) the fee is fixed and determinable and (4) collectability is reasonably assured. Determining whether and when some of these criteria have been satisfied often involves assumptions and judgments that can have a significant impact on the timing and amount of revenue we report. The Company charges our users a fee for non-exclusive access to its web site that contains proprietary databases. The fee allows access to the web site for a one-year period. After the customer is provided with an identification number and trained in the use of the database, there are no incremental costs that will be incurred in serving this customer. The Company recognizes these charges over the life of the agreement. |
Intangible Assets, Finite-Lived, Policy [Policy Text Block] | Intangible Assets – Software Costs The Company's policy is to capitalize software development costs at original cost and amortize the balance over the life of the product. The life of software development cost is determined at completion of the project. The Company reviews the amounts capitalized for impairment whenever events or circumstances indicate that the carrying amounts of the assets may not be recoverable. Amortization is recognized using the straight-line method over the following approximate useful lives: Software rights 5 Years The Software rights were fully developed as at balance sheet date, no amortization was provided for the year. As of June 30, 2016 and December 31, 2015, carrying value of software costs was approximately $63,798 and $67,156, respectively. Amortization expense for the six months ended June 30, 2016 and 2015 was $ 3,358 and $0, respectively. In accordance with the provisions of the applicable authoritative guidance, the Company’s long-lived assets and amortizable intangible assets are tested for impairment whenever events or changes in circumstances indicate that their carrying value may not be recoverable. The Company assesses the recoverability of such assets by determining whether their carrying value can be recovered through undiscounted future operating cash flows, including its estimates of revenue driven by assumed market segment share and estimated costs. If impairment is indicated, the Company measures the amount of such impairment by comparing the fair value to the carrying value. During the six months ended June 30, 2016 and 2015, no impairment expense was recorded. |
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block] | Impairment of Long-Lived Assets The Company’s long-lived assets and other assets (consisting of property and equipment) are reviewed for impairment in accordance with the guidance of the FASB ASC Topic 360-10, Property, Plant, and Equipment, and FASB ASC Topic 205, Presentation of Financial Statements. Long lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the undiscounted future net cash flows expected to be generated by that asset. If the carrying amount of an asset exceeds its estimated future undiscounted cash flows, an impairment charge is recognized by the amount by which the carrying amount of the asset exceeds the fair value of the asset. Through June 30, 2016, the Company had not experienced impairment losses on its long-lived assets. |
Receivables, Policy [Policy Text Block] | Accounts Receivable and Allowance for Doubtful Accounts Accounts receivable are recorded at the invoiced amount, net of related cash discounts, and do not bear interest. The Company does not have any off-balance sheet exposure related to the Company’s customers. The Company maintains an allowance for doubtful accounts related to its accounts receivable that have been deemed to have a high risk of collectability. Management reviews its accounts receivable on a monthly basis to determine if any receivables will potentially be uncollectible. Management analyzes historical collection trends and changes in its customer payment patterns, customer concentration and creditworthiness when evaluating the adequacy of its allowance for doubtful accounts. In its overall allowance for doubtful accounts, the Company includes any receivable balances that are determined to be uncollectible. Based on the information available, management believes the allowance for doubtful accounts is adequate; however, actual write-offs might exceed the recorded allowance. |
Advertising Costs, Policy [Policy Text Block] | Advertising Costs: Advertising costs are expensed as incurred. Advertising costs for the six months ended June 30, 2016 and 2015 were $0. |
Fair Value of Financial Instruments, Policy [Policy Text Block] | Fair Value of Financial Instruments: The book values of cash, prepaid expenses, and accounts payable approximate their respective fair values due to the short-term nature of these instruments. The fair value hierarchy under GAAP distinguishes between assumptions based on market data (observable inputs) and an entity’s own assumptions (unobservable inputs). The hierarchy consists of three levels: • Level one — Quoted market prices in active markets for identical assets or liabilities; • Level two — Inputs other than level one inputs that are either directly or indirectly observable; and • Level three — Unobservable inputs developed using estimates and assumptions, which are developed by the reporting entity and reflect those assumptions that a market participant would use. Determining which category an asset or liability falls within the hierarchy requires significant judgment. We evaluate our hierarchy disclosures each quarter. |
Earnings Per Share, Policy [Policy Text Block] | Earnings Per Share Basic earnings per share are computed by dividing the net income by the weighted-average number of shares of common stock and common stock equivalents (primarily outstanding options and warrants). Common stock equivalents represent the dilutive effect of the assumed exercise of the outstanding stock options and warrants, using the treasury stock method. The calculation of fully diluted earnings per share assumes the dilutive effect of the exercise of outstanding options and warrants at either the beginning of the respective period presented or the date of issuance, whichever is later. |
Income Tax, Policy [Policy Text Block] | Income Taxes An asset and liability approach is used for financial accounting and reporting for income taxes. Deferred income taxes arise from temporary differences between income tax and financial reporting and principally relate to recognition of revenue and expenses in different periods for financial and tax accounting purposes and are measured using currently enacted tax rates and laws. In addition, a deferred tax asset can be generated by net operating loss (NOLs) carryover. If it is more likely than not that some portion or all of a deferred tax asset will not be realized, a valuation allowance is recognized. In the event the Company is charged interest or penalties related to income tax matters, the Company would record such interest as interest expense and would record such penalties as other expense in the consolidated statements of operations. No such charges have been incurred by the Company. For the six months ended June 30, 2016 and 2015, the Company had no uncertain tax positions. |
Commitments and Contingencies, Policy [Policy Text Block] | Contingencies Certain conditions may exist as of the date the financial statements are issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur. The Company’s management and its legal counsel assess such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company’s legal counsel evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein. If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates that a potentially material loss contingency is not probable, but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, together with an estimate of the range of possible loss if determinable and material, would be disclosed. Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the nature of the guarantee would be disclosed. |
New Accounting Pronouncements, Policy [Policy Text Block] | Recent Accounting Pronouncements Recently-Issued Accounting Standards: Management does not believe that any recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying financial statements. In May 2014, the FASB issued guidance on the accounting for revenue from contracts with customers that will supersede most existing revenue recognition guidance, including industry-specific guidance. The core principle requires an entity to recognize revenue to depict the transfer of goods and services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In addition, the guidance requires enhanced disclosures regarding the nature, timing and uncertainty of revenue and cash flows arising from an entity's contracts with customers. This guidance is effective for interim and annual reporting periods beginning on or after December 15, 2017. Entities can choose to apply the guidance using either the full retrospective approach or a modified retrospective approach. Management is evaluating whether the adoption of this guidance will have a material impact on the Company’s financial statements. In June 2014, the FASB issued guidance that clarifies the accounting for share-based payments in which the terms of the award provide that a performance target that affects vesting could be achieved after the requisite service period. In this case, the performance target would be required to be treated as a performance condition, and should not be reflected in estimating the grant-date fair value of the award. The guidance also addresses when to recognize the related compensation cost. This guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015. Management believes that the adoption of this guidance will not have a material impact on the Company’s financial statements. ASU 2014-15 – “Presentation of Financial Statements—Going Concern—Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU 2014-15”).” In August 2014, the FASB issued ASU 2014-15 requiring management to assess an entity’s ability to continue as a going concern, and to provide related footnote disclosures in certain circumstances. ASU 2014-15 is effective for annual periods, and interim periods within those annual periods, starting December 15, 2016; the Company’s first quarter of fiscal 2018. |
3 - INTANGIBLE ASSETS - SOFTW14
3 - INTANGIBLE ASSETS - SOFTWARE RIGHTS (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Disclosure Text Block [Abstract] | |
Schedule of Impaired Intangible Assets [Table Text Block] | Software rights, net consisted of the following: June 30, 2016 December 31, 2015 Software rights $ 67,156 $ 67,156 Accumulated amortization (3,358 ) - $ 63,798 $ 67,156 |
5 - INCOME TAXES (Tables)
5 - INCOME TAXES (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Income Tax Disclosure [Abstract] | |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities recognized for financial reporting, and the amounts recognized for income tax purposes. The significant components of deferred tax assets (at a 38% effective tax rate) as of June 30, 2016 and December 31, 2015, respectively, are as follows: Total Total Deferred Tax Asset 2016 2015 2016 2015 Net operating loss carry-forward 107,652 46,358 40,908 17,616 Less: valuation allowance (107,652 ) (46,358 ) (40,908 ) (17,616 ) Total $ - $ - $ - $ - |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | The reconciliation between income taxes (benefit) at the U.S. and State statutory tax rates and the amount recorded in the accompanying financial statements is as follows: June 30, June 30, 2016 2015 Tax benefit at U.S. federal statutory rate $ (23,292 ) $ (3,073 ) State income taxes/(benefit) before valuation allowance, net of federal benefit - - Increase in valuation allowance 23,292 3,073 Total provision for income tax benefit $ - $ - |
1 - BACKGROUND AND DESCRIPTIO16
1 - BACKGROUND AND DESCRIPTION OF BUSINESS (Details) - Computer Software, Intangible Asset [Member] | Jun. 30, 2016 |
Green Tree Software LLC [Member] | |
1 - BACKGROUND AND DESCRIPTION OF BUSINESS (Details) [Line Items] | |
Interest in Intangible Asset | 51.00% |
Titan Computer Services [Member] | |
1 - BACKGROUND AND DESCRIPTION OF BUSINESS (Details) [Line Items] | |
Interest in Intangible Asset | 49.00% |
2 - SUMMARY OF SIGNIFICANT AC17
2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2016 | Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | |
2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items] | ||||
Amortization of Intangible Assets | $ 3,358 | $ 0 | $ 0 | |
Capitalized Computer Software, Net | $ 63,798 | 63,798 | $ 67,156 | |
Amortization | $ 3,358 | 0 | ||
Advertising Expense | $ 0 | $ 0 | ||
Computer Software, Intangible Asset [Member] | ||||
2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items] | ||||
Finite-Lived Intangible Asset, Useful Life | 5 years |
3 - INTANGIBLE ASSETS - SOFTW18
3 - INTANGIBLE ASSETS - SOFTWARE RIGHTS (Details) - USD ($) | Apr. 27, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 |
3 - INTANGIBLE ASSETS - SOFTWARE RIGHTS (Details) [Line Items] | ||||
Amortization of Intangible Assets | $ 3,358 | $ 0 | $ 0 | |
Business Combination, Liabilities Arising from Contingencies, Amount Recognized | 13,156 | 13,156 | ||
Greentree Magic Software [Member] | ||||
3 - INTANGIBLE ASSETS - SOFTWARE RIGHTS (Details) [Line Items] | ||||
Equity Method Investment, Ownership Percentage | 49.00% | |||
Payments to Acquire Businesses, Gross | $ 67,156 | |||
Share Price (in Dollars per share) | $ 0.001 | |||
Business Acquisition, Equity Interest Issued or Issuable, Description | The agreement also provides that if the Company does not become a publicly traded company subject to the reporting requirements of the Securities Exchange Act of 1934 prior to April 2017, the 49% interest the Company has in the software shall revert back to Green Tree and Green Tree shall return 7,350,000 common shares of the Company back to the current shareholders of the Company and 7,350,000 of the Company’s common shares to Rosenweiss. | |||
Business Combination, Liabilities Arising from Contingencies, Amount Recognized | $ 13,156 | $ 13,156 | ||
Business Acquisition, Description of Acquisition | The agreement provides that Green Tree and Rosenweiss shall each be entitled to appoint one member to the Company’s board of directors. The Company also agreed that certain corporate actions, such as the issuance of securities, the sale of assets and assumption of liabilities (other than in the ordinary course and liabilities less than $5,000), hiring personnel, setting salaries, declaring or paying distributions require the approval of the director appointed by Rosenweiss. The decision to exercise the right of first refusal described below must also be approved by said director. | |||
Business Acquisition, Contingent Liability, Shares Repurchased (in Shares) | 14,700,000 | |||
Green Tree Software LLC [Member] | Greentree Magic Software [Member] | ||||
3 - INTANGIBLE ASSETS - SOFTWARE RIGHTS (Details) [Line Items] | ||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in Shares) | 7,350,000 | |||
Rosenweiss [Member] | Greentree Magic Software [Member] | ||||
3 - INTANGIBLE ASSETS - SOFTWARE RIGHTS (Details) [Line Items] | ||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in Shares) | 7,350,000 |
3 - INTANGIBLE ASSETS - SOFTW19
3 - INTANGIBLE ASSETS - SOFTWARE RIGHTS (Details) - Schedule of Impaired Intangible Assets - USD ($) | Jun. 30, 2016 | Dec. 31, 2015 |
Schedule of Impaired Intangible Assets [Abstract] | ||
Software rights | $ 67,156 | $ 67,156 |
Accumulated amortization | (3,358) | 0 |
$ 63,798 | $ 67,156 |
4 - LOAN PAYABLE - RELATED (Det
4 - LOAN PAYABLE - RELATED (Details) - USD ($) | Jun. 28, 2016 | May 29, 2015 | Apr. 27, 2015 | Jun. 30, 2015 | Apr. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 |
4 - LOAN PAYABLE - RELATED (Details) [Line Items] | |||||||
Stock Issued During Period, Shares, New Issues (in Shares) | 25,000 | 3,000,000 | 101,459 | 13,000,000 | |||
Sale of Stock, Price Per Share (in Dollars per share) | $ 0.5 | $ 0.023 | $ 0.35 | $ 0.001 | $ 0.35 | ||
Proceeds from Issuance of Common Stock | $ 12,500 | $ 70,000 | $ 35,511 | $ 13,000 | $ 12,500 | $ 130,667 | |
Rosenweiss [Member] | |||||||
4 - LOAN PAYABLE - RELATED (Details) [Line Items] | |||||||
Stock Issued During Period, Shares, New Issues (in Shares) | 3,000,000 | ||||||
Sale of Stock, Percentage of Ownership after Transaction | 10.00% | ||||||
Sale of Stock, Price Per Share (in Dollars per share) | $ 0.023 | ||||||
Proceeds from Issuance of Common Stock | $ 70,000 | ||||||
Debt Instrument, Face Amount | $ 50,000 | ||||||
Proceeds from Notes Payable | $ 50,000 | ||||||
Debt Instrument, Maturity Date | May 29, 2019 | ||||||
Debt Instrument, Interest Rate, Stated Percentage | 3.00% |
5 - INCOME TAXES (Details)
5 - INCOME TAXES (Details) - USD ($) | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | |
Income Tax Disclosure [Abstract] | |||
Effective Income Tax Rate Reconciliation, Percent | 38.00% | 38.00% | |
Operating Loss Carryforwards | $ 107,652 | $ 46,358 | |
Operating Loss Carryforwards, Expiration Date | 2,030 | ||
Deferred Tax Assets, Net of Valuation Allowance | $ 0 | $ 0 | |
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent | 100.00% | ||
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount | $ 54,000 | $ 18,000 |
5 - INCOME TAXES (Details) - Sc
5 - INCOME TAXES (Details) - Schedule of Deferred Tax Assets - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | |
Schedule of Deferred Tax Assets [Abstract] | |||||
Net operating loss carry-forward | $ 107,652 | $ 107,652 | $ 46,358 | ||
Net operating loss carry-forward | 40,908 | 40,908 | 17,616 | ||
Less: valuation allowance | (107,652) | (107,652) | (46,358) | ||
Less: valuation allowance | (40,908) | (40,908) | (17,616) | ||
Total | 0 | $ 0 | 0 | $ 0 | 0 |
Total | $ 0 | $ 0 | $ 0 |
5 - INCOME TAXES (Details) - 23
5 - INCOME TAXES (Details) - Schedule of Effective Income Tax Rate Reconciliation - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | |
Schedule of Effective Income Tax Rate Reconciliation [Abstract] | |||||
Tax benefit at U.S. federal statutory rate | $ (23,292) | $ (3,073) | |||
State income taxes/(benefit) before valuation allowance, net of federal benefit | 0 | 0 | |||
Increase in valuation allowance | 23,292 | 3,073 | |||
Total provision for income tax benefit | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 |
7 - STOCKHOLDERS' EQUITY (Detai
7 - STOCKHOLDERS' EQUITY (Details) - USD ($) | Jun. 30, 2016 | Jun. 28, 2016 | Apr. 27, 2015 | Jun. 30, 2015 | Apr. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015 | Feb. 28, 2015 | Jan. 31, 2015 |
7 - STOCKHOLDERS' EQUITY (Details) [Line Items] | ||||||||||
Shares of Stock Authorized | 75,000,000 | 200 | ||||||||
Common Stock, Shares Authorized | 70,000,000 | 70,000,000 | 70,000,000 | 70,000,000 | ||||||
Common Stock, No Par Value (in Dollars per share) | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | |||||
Preferred Stock, Shares Authorized | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | ||||||
Stock Issued During Period, Shares, New Issues | 25,000 | 3,000,000 | 101,459 | 13,000,000 | ||||||
Sale of Stock, Price Per Share (in Dollars per share) | $ 0.5 | $ 0.023 | $ 0.35 | $ 0.001 | $ 0.35 | |||||
Proceeds from Issuance of Common Stock (in Dollars) | $ 12,500 | $ 70,000 | $ 35,511 | $ 13,000 | $ 12,500 | $ 130,667 | ||||
Stock Issued During Period, Shares, Acquisitions | 14,700,000 | |||||||||
Payments to Acquire Intangible Assets (in Dollars) | $ 54,000 | $ 0 | $ 67,156 | |||||||
Shares Cancelled | 1,000,000 | |||||||||
Preferred Stock, Shares Outstanding | 0 | 0 | 0 | |||||||
Preferred Stock, Shares Issued | 0 | 0 | 0 | |||||||
Common Stock, Shares, Outstanding | 29,826,659 | 29,826,659 | 30,801,659 | |||||||
Common Stock, Shares, Issued | 29,826,659 | 29,826,659 | 30,801,659 | |||||||
Greentree Magic Software [Member] | ||||||||||
7 - STOCKHOLDERS' EQUITY (Details) [Line Items] | ||||||||||
Equity Method Investment, Ownership Percentage | 49.00% |