Agora 10-K 5 Jun 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	May 01, 2017	Jun. 30, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	Agora Holdings, Inc.
Entity Central Index Key	1,680,966
Amendment Flag	false
Trading Symbol	AGHI
Current Fiscal Year End Date	--12-31
Document Type	10-K
Document Period End Date	Dec. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	Yes
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 5,756,250
Entity Common Stock, Shares Outstanding		12,123,152

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Current
Cash	$ 6,795
Accounts receivable	5,303	9,902
Total Current Assets	12,098	9,902
Total Assets	12,098	9,902
Current
Accounts payable and accrued liabilities	24,172	63,124
Other payables	5,990	4,177
Due to related party	21,705	22,594
Convertible notes - related party	272,983	324,267
Total Current Liabilities	324,850	414,162
Commitment and contingency		150,000
Total Liabilities	324,850	564,162
STOCKHOLDERS' DEFICIT
Preferred Stock, $0.10 par value; authorized: 100,000,000, no shares issued and outstanding as of December 31, 2016 and 2015
Common Stock, $0.001par value; authorized: 500,000,000 shares, 12,123,152 and 12,003,535 shares issued and outstanding as of December 31, 2016 and December 31, 2015, respectively	12,123	12,004
Additional Paid-in Capital	447,316	(53,562)
Accumulated other comprehensive income (loss)	2,259	2,843
Accumulated income (deficit)	(774,450)	(515,545)
Total Stockholders' Deficit	(312,752)	(554,260)
Total Liabilities and Stockholders' Deficit	$ 12,098	$ 9,902

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.10	$ 0.10
Preferred stock, shares authorized	100,000,000	100,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	12,123,152	12,003,535
Common stock, shares outstanding	12,123,152	12,003,535

Consolidated Statements of Oper

Consolidated Statements of Operations and Other Comprehensive Income - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Statement [Abstract]
Gross Revenue	$ 14,518	$ 26,235
Related party revenue	3,339
Costs of Goods Sold	3,397	19,416
Gross profit	14,460	6,819
Operating Expenses
Management fees	72,000	72,000
Professional fees	50,490	33,327
Consulting fees	100,434	79,200
Bad debt	2,333
General and administrative expenses	38,733	39,942
Total operating expenses	263,990	224,469
Income (loss) from operations	(249,530)	(217,650)
Interest expenses	(9,375)	(195,160)
Net (loss)	$ (258,905)	$ (412,810)
Net loss per share - basic and diluted	$ (0.02)	$ (0.03)
Weighted average shares outstanding - basic and diluted	12,114,003	12,003,535
Comprehensive Income (Loss):
Net income (loss)	$ (258,905)	$ (412,810)
Effect of foreign currency translation	(584)	2,026
Comprehensive Loss	$ (259,489)	$ (410,784)

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Deficit - USD ($)	Total	Preferred Stock	Common Stock	Additional Paid-in Capital	Accumulated Comprehensive Income (loss)	Accumulated Deficit
Beginning Balance at Dec. 31, 2014	$ (320,230)		$ 12,004	$ (230,316)	$ 817	$ (102,735)
Beginning Balance, Shares at Dec. 31, 2014			12,003,535
Beneficial conversion feature	176,754			176,754
Foreign currency translation adjustments	2,026				2,026
Loss for the period	(412,810)					(412,810)
Ending Balance at Dec. 31, 2015	(554,260)		$ 12,004	(53,562)	2,843	(515,545)
Ending Balance, Shares at Dec. 31, 2015			12,003,535
Shares issued to settle debt	344,997		$ 115	344,882
Shares issued to settle debt, Shares			114,999
Shares issued for services	6,000		$ 4	5,996
Shares issued for services, Shares			4,618
Waived commitment under Share Exchange Agreement	150,000			150,000
Foreign currency translation adjustments	(584)				(584)
Loss for the period	(258,905)					(258,905)
Ending Balance at Dec. 31, 2016	$ (312,752)		$ 12,123	$ 447,316	$ 2,259	$ (774,450)
Ending Balance, Shares at Dec. 31, 2016			12,123,152

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Cash flows from Operating Activities:
Net income (loss)	$ (258,905)	$ (412,810)
Adjustments to reconcile net loss to net cash used in operations:
Amortization of debt discount		176,754
Shares issued for services	6,000
Bad debt	2,333
Changes in operating assets and liabilities:
Accounts receivable	2,600	(9,902)
Accounts payable	(18,419)	44,640
Due to related party	249	20,561
Net cash used in operating activities	(266,142)	(180,757)
Cash flows from Investing Activities
Net cash provided by investing activities
Cash flows from Financing Activities
Proceeds from convertible notes	272,983	176,754
Net cash provided by financing activities	272,983	176,754
Effects of exchange rates on cash	(46)	2,027
Increase (decrease) in cash during the period	6,795	(1,976)
Cash, beginning of period		1,976
Cash, end of period	6,795
Cash paid for:
Interest
Income taxes
Supplemental disclosure of non-cash flow in financing activities:
Debt principal converted to shares	324,267
Accrued interest converted to shares	$ 20,730

Description of Business and Bas

Description of Business and Basis of Presentation	12 Months Ended
	Dec. 31, 2016
Description of Business and Basis of Presentation [Abstract]
Description of business and basis of presentation	Note 1 – Description of business and basis of presentation Organization and nature of business Agora Holdings Inc. (the “Company” or “Agora”) is a Utah corporation incorporated on February 1, 1983 as Pleistocene, Inc. On May 1, 1998 we changed our name to Agora Holdings, Inc. The Company is presently pursuing various business opportunities is in the business of software development, specializing in web, media and lpTV applications as well as operating support billing software for VOIP telephony, through its wholly owned subsidiary, Geegle Media Inc. Presently our primary operational office is located in Canada, with software development work outsourced to Bulgaria. On May 19, 2014 the Company filed amended articles with the State of Utah in order to effect a reverse split on the basis of 1,000 to 1, to increase the Company’s authorized common shares to 500,000,000 and to increase the Company’s authorized preferred shares to 100,000,000 which became effective on July 22, 2014. On January 20, 2017 the Company filed amended articles with the State of Utah in order to effect a reverse split on a 1 for 10 basis, to reduce the issued and outstanding number of shares which became effective on February 8, 2017. The effect of above reverse split has been retroactively applied to the common stock balances as at December 31, 2013 and reflected in all common stock activity presented in these financial statements. On May 29, 2014, the Company entered into a share exchange agreement (the “Share Exchange Agreement”) with Sandra Gale Morgan, owner of all of the issued and outstanding membership interests of 677770BC LTD, a British Columbia corporation doing business as Sunbeam Central (“SBC”) where the Company will acquire all of the issued and outstanding shares of capital stock of SBC with the purpose of owning and operating SBC as the Company’s wholly-owned subsidiary and will deliver a total of 25,000,000 shares of the Company’s common stock and 50,000,000 shares of the Company’s preferred stock. The Company was unable to close the transaction and on September 20, 2014 the Company, Sandra Gale Morgan and SBC entered into a termination agreement where under all issued preferred shares and common shares of Agora held in escrow pending closing of the transaction were canceled and returned to treasury and all membership interests of SBC were returned from escrow to Sandra Gale Morgan. On September 30, 2014, the Company entered into and completed a share exchange agreement with Danail Terziev, an individual residing in the Province of Ontario (“Owner”), who is the 100% holder of the issued and outstanding shares of Geegle Media Ltd. (“Geegle”), an Ontario corporation (‘GML”). Under such agreement, the Owner will deliver all of the outstanding capital stock of GML to the Company in exchange for a total of 7,000,000 shares of the Company’s common stock and $150,000 cash payment, payable within 90 days of the Company becoming current in its filings on OTC Markets. The payment of $150,000 was agreed to be waived in fiscal 2016 due to the fact that the business is still developing its revenue base. Concurrent with the aforementioned share exchange agreement, Mr. Danail Terziev, was appointed to the Company’s board of directors and became the Chief Executive Officer of Agora. Mr. Terziev also became the controlling shareholder of the Company concurrent with the completion of the transaction. As a result of the aforementioned transaction, Geegle became a wholly owned subsidiary of the Company. The business combination was accounted for as a reverse acquisition and recapitalization using accounting principles applicable to reverse acquisitions whereby the financial statements subsequent to the date of the transaction are presented as a continuation of GML. Under reverse acquisition accounting GML (subsidiary) is treated as the accounting parent (acquirer) and the Company (parent) is treated as the accounting subsidiary (acquiree). All outstanding shares have been restated to reflect the effect of the business combination. Geegle Media Ltd. is in the business of software development, specializing in web, media and lpTV applications as well as operating support billing software for VOIP telephony. The Company is seeking other business opportunities that complement its existing business focus.

Going Concern

Going Concern	12 Months Ended
	Dec. 31, 2016
Going Concern [Abstract]
Going Concern	Note 2 – Going Concern The Company has incurred net losses since inception and had a working capital deficit of $312,752 at December 31, 2016.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2016
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 3 - Summary of Significant Accounting Policies Principal of Consolidation These consolidated financial statements include the accounts of Agora Holdings Inc. and its wholly-owned subsidiary, Geegle Media Ltd. All intercompany balances and transactions have been eliminated in consolidation. Estimates In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the statements of financial condition, and revenues and expenses for the years then ended. Actual results may differ significantly from those estimates. Significant estimates made by management include, but are not limited to, the assumptions used to calculate stock-based compensation, derivative liabilities, debt discounts and common stock issued for assets, services or in settlement of obligations. Cash and Cash Equivalents For purposes of reporting within the statements of cash flows, the Company considers all cash on hand, cash accounts not subject to withdrawal restrictions or penalties, and all highly liquid debt instruments purchased with a maturity of three months or less to be cash and cash equivalents. Property and Equipment Property and equipment are recorded at cost. Depreciation and amortization on property and equipment are determined using the straight-line method over the three to five year estimated useful lives of the assets. Revenue Recognition The Company follows paragraph 605-10-S99-1 of the FASB Accounting Standards Codification for revenue recognition. The Company recognizes revenue when it is realized or realizable and earned. The Company considers revenue realized or realizable and earned when all of the following criteria are met: (i) persuasive evidence of an arrangement exists, (ii) products are installed and/or the contracted services have been rendered to the customer, (iii) the sales price is fixed or determinable and (iv) collectability is reasonably assured. All product installations and system configuration services are sold on a payment per order basis. All development services are invoiced when completed. Revenues are recognized at the point of sale, which occurs when the service is completed and/or installation services are complete. Costs of Goods Sold Cost of goods sold include all direct costs of handling and purchasing installed items, direct labor relative to services provided for installation and/or monitoring, and costs incurred in software development and implementation. There are no costs of goods sold on a recurring basis with respect to monthly charges for ongoing subscription fees once installation of equipment is completed. Foreign Currencies Functional and presentation currency Transactions and balances Subsidiaries i) assets and liabilities are translated at the closing rate at the date of the balance sheet; ii) income and expenses are translated at average exchange rates; iii) all resulting exchange differences are recognized as other comprehensive income, a separate component of equity. Fair Value of Financial Instruments The Company’s financial instruments consist of cash, receivables, payables, and due to related party. The carrying amount of cash, receivables and payables approximates fair value because of the short-term nature of these items. The carrying amount of the notes payable approximates fair value as the individual borrowings bear interest at market interest rates. Income Taxes The Company accounts for income taxes in accordance with Accounting Standards Codification (“ASC”) Topic 740, Income Taxes, which requires that the Company recognize deferred tax liabilities and assets based on the differences between the financial statement carrying amounts and the tax bases of assets and liabilities, using enacted tax rates in effect in the years the differences are expected to reverse. Deferred income tax benefit (expense) results from the change in net deferred tax assets or deferred tax liabilities. A valuation allowance is recorded when it is more likely than not that some or all deferred tax assets will not be realized. Loss per Common Share In accordance with ASC Topic 280 – “Earnings Per Share”, the basic loss per common share is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding. Diluted loss per common share is computed similar to basic loss per common share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. Recent Accounting Pronouncements In August 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2016-15, Classification of Certain Cash Receipts and Cash Payments In March 2016, the FASB issued Accounting Standards Update No. 2016-09, Improvements to Employee Share-Based Payment Accounting In February 2016, the FASB issued Accounting Standards Update No. 2016-02, Leases The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

Convertible Notes

Convertible Notes	12 Months Ended
	Dec. 31, 2016
Convertible Notes [Abstract]
Convertible Notes	Note 4 - Convertible Notes During the year ended December 31, 2015 the Company entered into various convertible loan agreements for total gross proceeds of $38,635 with corporations controlled by a shareholder of the Company. The loans bear interest at a rate of 8% per annum and are convertible at any time at the option of the lender into shares of common stock of the Company at a conversion price of $0.002 per share. ($147,513 – December 31, 2014). On the transaction date, the Company recognized the intrinsic value of the embedded beneficial conversion feature of $38,635 as additional paid-in capital and the debt discount in full was recorded as interest expense. During the year ended December 31, 2015 the Company entered into various convertible loan agreements for total gross proceeds of $138,119 with one of the Company’s major shareholders. The loans bear interest at a rate of 8% per annum and are convertible at any time at the option of the lender into shares of common stock of the Company at a conversion price of $0.002 per share. On the transaction dates, the Company recognized the intrinsic value of the embedded beneficial conversion feature of $138,119 as additional paid-in capital and the debt discount in full was recorded as interest expense. Subsequently, the Company renegotiated the terms of the aforementioned convertible notes to reprice the conversion terms to $0.30 from $0.002 per share. Concurrently the Company entered into various debt conversion agreements with a major shareholder and a corporation controlled by this major shareholder to settle a total of $344,997 in convertible loans payable as well as accrued interest up to the conversion date in exchange for 114,999 shares of common stock (1,149,991 pre-split shares) effective January 19, 2016. During the fiscal year ended December 31, 2016 the Company entered into various convertible loan agreements for total gross proceeds of $272,983 with one of the Company’s major shareholders. The loans bear interest at a rate of 8% per annum and are convertible at any time at the option of the lender into shares of common stock of the Company at a conversion price of $0.30 per share. On the transaction date, the Company did not recognize the intrinsic value of the embedded beneficial conversion feature since the fair market value on the date of the note(s), was between $0.13 and $0.23 per share, at all times lower than the conversion price. The following table summarizes information in respect to the convertible notes: Principal Amount ($) Debt Discount ($) Carrying Value ($) Accrued interest payable ($) December 31, 2014 147,513 - 147,513 2,324 Additions 176,754 (176,754 ) - - Amortization of debt discount - 176,754 176,754 - Interest expenses - - - 18,406 December 31, 2015 324,267 - 324,267 20,730 Additions 272,983 - 272,983 - Interest expenses - - - 9,375 Issuance of shares to settle debt (324,267 ) - - (20,730 ) December 31, 2016 272,983 - 272,983 9,375

Commitment

Commitment	12 Months Ended
	Dec. 31, 2016
Commitment [Abstract]
Commitment	Note 5 – Commitment On August 15, 2016, the Company and Danail Terziev, its CEO and a member of the board of directors, entered into an amendment to the September 30, 2014 share exchange agreement where under the Company acquired Geegle Media Ltd. (“Geegle”). The Company and Mr. Terziev have agreed to waive the $150,000 cash payment required under the terms of the original share exchange agreement due to the fact that the Geegle Media revenue base has not yet grown sufficiently to meet such payments without undue strain on the Company. The Company recorded the $150,000 waived by Mr. Terziev against additional paid in capital.

Consulting Agreement

Consulting Agreement	12 Months Ended
	Dec. 31, 2016
Consulting Agreement [Abstract]
Consulting Agreement	Note 6 – Consulting Agreement On September 7, 2016, the Company entered into a Consulting Agreement (the “Agreement”) with a third party for the provision of investor introduction services, primarily to deal with Canadian investors, to the Company for an initial term of one year, expiring on September 7, 2017. In consideration for services provided, the Company shall compensate consultant in the following schedule: a. After completion of the first four months of the term, the Company shall pay to consultant a monthly fee in an amount equal to $5,000 USD during the balance of the term; b. The Company agrees to make an initial payment to the consultant of $20,000 USD, a payment equal to and representingthe initial four months of Fees on or before September 9, 2016, which amount has been paid.

Equity

Equity	12 Months Ended
	Dec. 31, 2016
Equity [Abstract]
Equity	Note 7 – Equity The Company’s authorized common stock consists of 500,000,000 common shares with par value of $0.001 and 100,000,000 shares of preferred stock with par value of $0.10 per share. On January 19, 2016, the Company agreed to issue 114,999 shares of common stock (1,149,991 pre-split shares of common stock) to a shareholder of the Company and a company controlled by a shareholder of the Company in order to retire certain convertible notes payable and accrued interest thereon. (Ref Note 4 – Convertible notes). On August 25, 2016, the Company agreed to issue 4,618 shares of common stock (46,189 pre-split shares of common stock with a price of $0.1299 per share), totaling $6,000, to a third party for the service provided on drafting a Form 10 Registration Statement. As of December 31, 2016 and December 31, 2015, the Company has 12,123,152 and 12,003,535 shares of common stock and nil shares of preferred stock issued and outstanding.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
Related Party Transactions	Note 8 - Related Party Transactions (1) Convertible notes with Major Shareholder: On January 19, 2016, a shareholder of the Company and a company controlled by this shareholder agreed to convert a total of $344,997 in convertible loans payable as well as accrued interest up to the conversion date in exchange for 114,999 shares of common stock (1,149,991 pre-split shares of the Company’s common stock). During the fiscal year ended December 31, 2016 the Company entered into various convertible loan agreements for total gross proceeds of $272,983 with one of the Company’s major shareholders. The loans bear interest at a rate of 8% per annum and are convertible at any time at the option of the lender into shares of common stock of the Company at a conversion price of $0.30 per share. On the transaction date, the Company did not recognize the intrinsic value of the embedded beneficial conversion feature since the fair market value on the date of the note(s), was between $0.13 to $0.23, at all times lower than the conversion price. (2) Transactions with Mr. Ruben Yakubov, President and Director of the Company During each of the twelve months ended December 31, 2016 and 2015 the Company paid $72,000 in management fees to Mr. Ruben Yakubov, the Company’s President and a member of the Board of Directors. (3) Transactions with Danail Terziev, CEO and Director of the Company, and companies controlled by him During the twelve months ended December 31, 2016, the Company repaid prior advances of $2,743, to a company controlled by our CEO, leaving $18,713 on the balance sheets as advances from related party. During the twelve months ended December 31, 2016, the Company invoiced and received marketing service fees in the amount of $3,339 (2015 – Nil) from 9194592 Canada Ltd, a company controlled by Mr. Terziev. During the twelve months ended December 31, 2016, 9194592 Canada Ltd advanced $2,992 to the Company to settle certain accounts payable. The Company didn’t make cash payments, leaving $2,992 on the balance sheets as advances from related party.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2016
Income Taxes [Abstract]
Income Taxes	Note 9 - Income Taxes Deferred income taxes are determined using the liability method for the temporary differences between the financial reporting basis and income tax basis of the Company’s assets and liabilities. Deferred income taxes are measured based on the tax rates expected to be in effect when the temporary differences are included in the Company’s tax return. Deferred tax assets and liabilities are recognized based on anticipated future tax consequences attributable to differences between financial statement carrying amounts of assets and liabilities and their respective tax bases. Operating loss carry-forwards generated through December 31, 2016 of approximately $774,450, will begin to expire in 2034. The Company applies a statutory income tax rate of 34%. Accordingly, deferred tax assets related to net operating loss carry-forwards total approximately $263,285 at December 31, 2016. For the year ended December 31 2016, the valuation allowance increased by approximately $88,000. The Company had deferred income tax assets as of December 31, 2016 and 2015 as follows: December 31, 2016 December 31, 2015 Loss carryforwards $ 263,285 $ 175,280 Less - valuation allowance (263,285 ) (175,280 ) Total net deferred tax assets $ - $ -

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2016
Subsequent Events [Abstract]
Subsequent events	Note 10 – Subsequent events Effective April 28, 2017, Ilya Kaplan resigned from all officer and director positions with the Company. The Company has evaluated subsequent events from the balance sheet date through the date that the financial statements were issued and determined that there are no additional subsequent events to disclose.

Summary of Significant Accoun17

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2016
Summary of Significant Accounting Policies [Abstract]
Principal of Consolidation	Principal of Consolidation These consolidated financial statements include the accounts of Agora Holdings Inc. and its wholly-owned subsidiary, Geegle Media Ltd. All intercompany balances and transactions have been eliminated in consolidation.
Estimates	Estimates In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the statements of financial condition, and revenues and expenses for the years then ended. Actual results may differ significantly from those estimates. Significant estimates made by management include, but are not limited to, the assumptions used to calculate stock-based compensation, derivative liabilities, debt discounts and common stock issued for assets, services or in settlement of obligations.
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of reporting within the statements of cash flows, the Company considers all cash on hand, cash accounts not subject to withdrawal restrictions or penalties, and all highly liquid debt instruments purchased with a maturity of three months or less to be cash and cash equivalents.
Property and Equipment	Property and Equipment Property and equipment are recorded at cost. Depreciation and amortization on property and equipment are determined using the straight-line method over the three to five year estimated useful lives of the assets.
Revenue Recognition	Revenue Recognition The Company follows paragraph 605-10-S99-1 of the FASB Accounting Standards Codification for revenue recognition. The Company recognizes revenue when it is realized or realizable and earned. The Company considers revenue realized or realizable and earned when all of the following criteria are met: (i) persuasive evidence of an arrangement exists, (ii) products are installed and/or the contracted services have been rendered to the customer, (iii) the sales price is fixed or determinable and (iv) collectability is reasonably assured. All product installations and system configuration services are sold on a payment per order basis. All development services are invoiced when completed. Revenues are recognized at the point of sale, which occurs when the service is completed and/or installation services are complete.
Costs of Goods Sold	Costs of Goods Sold Cost of goods sold include all direct costs of handling and purchasing installed items, direct labor relative to services provided for installation and/or monitoring, and costs incurred in software development and implementation. There are no costs of goods sold on a recurring basis with respect to monthly charges for ongoing subscription fees once installation of equipment is completed.
Foreign Currencies	Foreign Currencies Functional and presentation currency Transactions and balances Subsidiaries i) assets and liabilities are translated at the closing rate at the date of the balance sheet; ii) income and expenses are translated at average exchange rates; iii) all resulting exchange differences are recognized as other comprehensive income, a separate component of equity.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company’s financial instruments consist of cash, receivables, payables, and due to related party. The carrying amount of cash, receivables and payables approximates fair value because of the short-term nature of these items. The carrying amount of the notes payable approximates fair value as the individual borrowings bear interest at market interest rates.
Income Taxes	Income Taxes The Company accounts for income taxes in accordance with Accounting Standards Codification (“ASC”) Topic 740, Income Taxes, which requires that the Company recognize deferred tax liabilities and assets based on the differences between the financial statement carrying amounts and the tax bases of assets and liabilities, using enacted tax rates in effect in the years the differences are expected to reverse. Deferred income tax benefit (expense) results from the change in net deferred tax assets or deferred tax liabilities. A valuation allowance is recorded when it is more likely than not that some or all deferred tax assets will not be realized.
Loss per Common Share	Loss per Common Share In accordance with ASC Topic 280 – “Earnings Per Share”, the basic loss per common share is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding. Diluted loss per common share is computed similar to basic loss per common share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In August 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2016-15, Classification of Certain Cash Receipts and Cash Payments In March 2016, the FASB issued Accounting Standards Update No. 2016-09, Improvements to Employee Share-Based Payment Accounting In February 2016, the FASB issued Accounting Standards Update No. 2016-02, Leases The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

Convertible Notes (Tables)

Convertible Notes (Tables)	12 Months Ended
	Dec. 31, 2016
Convertible Notes [Abstract]
Schedule of convertible notes	Principal Amount ($) Debt Discount ($) Carrying Value ($) Accrued interest payable ($) December 31, 2014 147,513 - 147,513 2,324 Additions 176,754 (176,754 ) - - Amortization of debt discount - 176,754 176,754 - Interest expenses - - - 18,406 December 31, 2015 324,267 - 324,267 20,730 Additions 272,983 - 272,983 - Interest expenses - - - 9,375 Issuance of shares to settle debt (324,267 ) - - (20,730 ) December 31, 2016 272,983 - 272,983 9,375

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2016
Income Taxes [Abstract]
Schedule of deferred tax assets	December 31, 2016 December 31, 2015 Loss carryforwards $ 263,285 $ 175,280 Less - valuation allowance (263,285 ) (175,280 ) Total net deferred tax assets $ - $ -

Description of Business and B20

Description of Business and Basis of Presentation (Details) - USD ($)	Jan. 20, 2017	May 19, 2014	Dec. 31, 2016	Dec. 31, 2015	Sep. 30, 2014	Jul. 22, 2014	May 29, 2014
Description of business and basis of presentation (Textual)
Reverse split, description		Effect a reverse split on the basis of 1,000 to 1.
Preferred stock, shares authorized			100,000,000	100,000,000		100,000,000
Common stock, shares issued			12,123,152	12,003,535			25,000,000
Preferred stock, shares issued							50,000,000
Ownership percentage					100.00%
Common stock other value			$ 150,000		$ 150,000
Common stock other shares					7,000,000
Common stock, shares authorized			500,000,000	500,000,000		500,000,000
Subsequent Event [Member]
Description of business and basis of presentation (Textual)
Reverse split, description	Effect a reverse split on a 1 for 10 basis.

Going Concern (Details)

Going Concern (Details)	Dec. 31, 2016USD ($)
Going Concern (Textual)
Working capital deficit	$ (312,752)

Summary of Significant Accoun22

Summary of Significant Accounting Policies (Details)	12 Months Ended
	Dec. 31, 2016
Summary of Significant Accounting Policies (Textual)
Property, plant and equipment depreciation methods, description	Depreciation and amortization on property and equipment are determined using the straight-line method over the three to five year estimated useful lives of the assets.

Convertible Notes (Details)

Convertible Notes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Short-term Debt [Line Items]
Amortization of debt discount		$ 176,754
Principal Amount [Member]
Short-term Debt [Line Items]
Beginning Balance	324,267	147,513
Additions	272,983	176,754
Amortization of debt discount
Interest expenses
Issuance of shares to settle debt	(324,267)
Ending Balance	272,983	324,267
Debt Discount [Member]
Short-term Debt [Line Items]
Beginning Balance
Additions		(176,754)
Amortization of debt discount		176,754
Interest expenses
Issuance of shares to settle debt
Ending Balance
Carrying Value [Member]
Short-term Debt [Line Items]
Beginning Balance	324,267	147,513
Additions	272,983
Amortization of debt discount		176,754
Interest expenses
Issuance of shares to settle debt
Ending Balance	272,983	324,267
Accrued interest payable [Member]
Short-term Debt [Line Items]
Beginning Balance	20,730	2,324
Additions
Amortization of debt discount
Interest expenses	9,375	18,406
Issuance of shares to settle debt	(20,730)
Ending Balance	$ 9,375	$ 20,730

Convertible Notes (Details Text

Convertible Notes (Details Textual) - USD ($)	1 Months Ended		12 Months Ended
	Aug. 25, 2016	Jan. 19, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Convertible Notes (Textuals)
Total gross proceeds			$ 272,983	$ 176,754
Pre-split shares of common stock	46,189
Major Shareholder [Member]
Convertible Notes (Textuals)
Convertible loans payable		$ 344,997
Exchange shares of Company's common stock		114,999
Pre-split shares of common stock		1,149,991
Minimum [Member] | Major Shareholder [Member]
Convertible Notes (Textuals)
Conversion price per share		$ 0.002
Maximum [Member] | Major Shareholder [Member]
Convertible Notes (Textuals)
Conversion price per share		$ 0.30
Convertible Loan Agreements [Member]
Convertible Notes (Textuals)
Total gross proceeds			$ 272,983	$ 38,635	$ 147,513
Interest rate per annum			8.00%	8.00%
Conversion price per share			$ 0.30	$ 0.002
Embedded beneficial conversion feature				$ 38,635
Beneficial conversion feature, description			On the transaction date, the Company did not recognize the intrinsic value of the embedded beneficial conversion feature since the fair market value on the date of the note(s), was between $0.13 to $0.23, at all times lower than the conversion price.
Convertible loan agreements one [Member]
Convertible Notes (Textuals)
Total gross proceeds				$ 138,119
Interest rate per annum				8.00%
Conversion price per share				$ 0.002
Embedded beneficial conversion feature				$ 138,119

Commitment (Details)

Commitment (Details) - USD ($)	Dec. 31, 2016	Aug. 15, 2016	Dec. 31, 2015
Commitment (Textual)
Additional paid-in capital	$ 447,316		$ (53,562)
Danail Terziev [Member]
Commitment (Textual)
Cash payment waived		$ 150,000
Additional paid-in capital		$ 150,000

Consulting Agreement (Details)

Consulting Agreement (Details)	12 Months Ended
	Dec. 31, 2016USD ($)
Consulting Agreement (Textual)
Consulting agreement, expiry date	Sep. 7, 2017
Consulting agreement, initial term	one year
Consultant monthly fee	$ 5,000
Consultant initial payment	$ 20,000

Equity (Details)

Equity (Details) - USD ($)	1 Months Ended		12 Months Ended
	Aug. 25, 2016	Jan. 19, 2016	Dec. 31, 2016	Dec. 31, 2015	Jul. 22, 2014	May 29, 2014
Equity (Textual)
Common stock, shares authorized			500,000,000	500,000,000	500,000,000
Common stock, par value			$ 0.001	$ 0.001
Preferred stock, shares authorized			100,000,000	100,000,000	100,000,000
Preferred stock, par value			$ 0.10	$ 0.10
Pre-split shares of common stock	46,189
Common stock issued for service shares	4,618
Share price	$ 0.1299
Common stock issued for service value	$ 6,000		$ 6,000
Common stock, shares issued			12,123,152	12,003,535		25,000,000
Shareholder [Member]
Equity (Textual)
Conversion of stock, shares issued		114,999
Pre-split shares of common stock		1,149,991

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	1 Months Ended		12 Months Ended
	Aug. 25, 2016	Jan. 19, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Related Party Transactions (Textual)
Pre-split shares of common stock	46,189
Total gross proceeds			$ 272,983	$ 176,754
Advances from related party			2,992
Accounts payable			2,992
Convertible Loan Agreements [Member]
Related Party Transactions (Textual)
Total gross proceeds			$ 272,983	$ 38,635	$ 147,513
Interest rate per annum			8.00%	8.00%
Conversion price per share			$ 0.30	$ 0.002
Beneficial conversion feature, description			On the transaction date, the Company did not recognize the intrinsic value of the embedded beneficial conversion feature since the fair market value on the date of the note(s), was between $0.13 to $0.23, at all times lower than the conversion price.
Major Shareholder [Member]
Related Party Transactions (Textual)
Convertible loans payable		$ 344,997
Conversion of stock, shares issued		114,999
Pre-split shares of common stock		1,149,991
Mr. Ruben Yakubov, President and Director [Member]
Related Party Transactions (Textual)
Management fees			$ 72,000	$ 72,000
Danail Terziev, CEO and Director [Member]
Related Party Transactions (Textual)
Repayment of prior advances			2,743
Advances from related party			18,713
Marketing service fees			$ 3,339

Income Taxes (Details)

Income Taxes (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Income Taxes [Abstract]
Loss carryforwards	$ 263,285	$ 175,280
Less - valuation allowance	(263,285)	(175,280)
Total net deferred tax assets

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Taxes (Textual)
Operating loss carryforwards	$ 774,450
Operating loss carryforwards, expiration date	Dec. 31, 2034
Deferred tax assets, operating loss carry-forwards	$ 263,285	$ 175,280
Valuation allowance increased	$ 88,000
Statutory income tax rate	34.00%