Agora 10-Q 30 Jan 18 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Jan. 30, 2018
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-Q
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		22,207,887

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Current
Cash	$ 1,613	$ 6,795
Accounts receivable	5,283	5,303
Total Current Assets	6,896	12,098
Total Assets	6,896	12,098
Current
Accounts payable and accrued liabilities	17,852	24,172
Other payables	8,385	5,990
Due to related party	68,729	21,705
Convertible notes - related party, net	355,512	272,983
Liability for unissued shares	750,000
Total Current Liabilities	1,200,478	324,850
Total Liabilities	1,200,478	324,850
STOCKHOLDERS' DEFICIT
Preferred Stock, $0.10 par value; authorized: 100,000,000, no shares issued and outstanding as of September 30, 2017 and December 31, 2016
Common Stock, $0.001 par value; authorized: 500,000,000 shares, 12,123,152 shares issued and outstanding as of September 30, 2017 and December 31, 2016	12,123	12,123
Additional Paid-in Capital	498,040	447,316
Accumulated other comprehensive income (loss)	(19)	2,259
Accumulated income (deficit)	(1,703,726)	(774,450)
Total Stockholders' Deficit	(1,193,582)	(312,752)
Total Liabilities and Stockholders' Deficit	$ 6,896	$ 12,098

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) (Unaudited) - $ / shares	Sep. 30, 2017	Dec. 31, 2016
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	12,123,152
Common stock, shares outstanding	12,123,152	12,123,152

Consolidated Statements of Oper

Consolidated Statements of Operations and Other Comprehensive Income (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Income Statement [Abstract]
Gross Revenue	$ 8,178	$ 4,605	$ 17,127	$ 15,695
Costs of Goods Sold		1,140		3,406
Gross profit	8,178	3,465	17,127	12,289
Operating Expenses
Management fees	18,000	18,000	54,000	54,000
Professional fees	8,250	17,410	29,550	44,520
Consulting fees		24,800	750,000	64,400
General and administrative expenses	19,576	12,254	47,936	22,556
Total operating expenses	45,826	72,464	881,486	185,476
Income (loss) from operations	(37,648)	(68,999)	(864,359)	(173,187)
Interest expenses	(7,559)	(2,468)	(64,917)	(4,976)
Net (loss)	$ (45,207)	$ (71,467)	$ (929,276)	$ (178,163)
Net loss per share - basic and diluted	$ 0	$ 0	$ (0.08)	$ 0
Weighted average shares outstanding - basic and diluted	12,123,152	121,197,738	12,123,152	121,110,658
Comprehensive Income (Loss):
Net income (loss)	$ (45,207)	$ (71,467)	$ (929,276)	$ (178,163)
Effect of foreign currency translation	(1,360)	15	(2,278)	(1,211)
Comprehensive Loss	$ (46,567)	$ (71,452)	$ (931,554)	$ (179,374)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash flows from Operating Activities
Net income (loss)	$ (929,276)	$ (178,163)
Adjustments to reconcile net loss to net cash used in operations:
Liability for unissued shares - stock based compensation	750,000
Amortization of debt discount	46,671
Shares issuance for services		6,000
Changes in operating assets and liabilities:
Accounts receivable	434	(10,785)
Prepaid expenses		(15,000)
Accounts payable	37,560	(13,412)
Due to related party	2,654	1,561
Net cash used in operating activities	(91,957)	(209,799)
Cash flows from Investing Activities
Net cash provided by investing activities
Cash flows from Financing Activities
Proceeds from convertible notes	86,582	209,917
Net cash provided by financing activities	86,582	209,917
Effects of exchange rates on cash	193	30
Increase (decrease) in cash during the period	(5,182)	148
Cash, beginning of period	6,795
Cash, end of period	1,613	148
Supplemental disclosure of cash flow information:
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	9 Months Ended
	Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [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	9 Months Ended
	Sep. 30, 2017
Going Concern [Abstract]
Going Concern	Note 2 – Going Concern The Company has incurred net losses since inception and had a working capital deficit of $1,193,582 at September 30, 2017.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2017
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. Basis of Presentation The unaudited interim consolidated financial statements of the Company have been prepared in accordance with United States generally accepted accounting principles ("GAAP") for interim financial information and the rules and regulations of the Securities and Exchange Commission ("SEC"). They do not include all information and footnotes required by GAAP for complete financial statements. Except as disclosed herein, there have been no material changes in the information disclosed in the notes to the financial statements for the year ended December 31, 2016, included in the Company's Annual Report on Form 10-K, filed with the SEC. The interim unaudited consolidated financial statements should be read in conjunction with those audited financial statements included in Form 10-K. In the opinion of management, all adjustments considered necessary for fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the nine months ended September 30, 2017 are not necessarily indicative of the results that may be expected for the year ending December 31, 2018. 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 of 2017, the FASB issued guidance to better align the financial reporting related to hedging activities with the economic objectives of those activities and to simplify the application of current hedge accounting guidance. Entities are required to apply the guidance using a modified retrospective method as of the period of adoption. This guidance is effective for annual and interim periods beginning after December 31, 2018. Early adoption is permitted. Management is evaluating

Convertible Notes

Convertible Notes	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Convertible Notes	Note 4 - Convertible Notes The following table summarizes information in respect to the convertible notes: Principal Amount ($) Debt Discount ($) Carrying Value ($) Accrued interest payable ($) Balance, 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 ) Balance, December 31, 2016 272,983 - 272,983 9,375 Additions: - - - BCF associated 2016 notes - (45,498 ) (45,498 ) - New note 86,582 (5,226 ) 81,356 - Interest expense - - - 18,246 Deduct: amortization of discount - 46,671 46,671 - Balance, September 30, 2017 $ 359,565 $ (4,053 ) $ 355,512 $ 27,621 The Company entered into various debt conversion agreements with a shareholder and a corporation controlled by this 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 1,149,991 pre-split shares of the Company's common stock 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 the same 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, between $0.13 to $0.23, was lower than the conversion price. 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. Due to the reverse split on a 1 for 10 basis, the Company recognized the intrinsic value of the embedded beneficial conversion feature of $45,498 associated with the above notes as additional paid-in capital and the debt discount was recorded as interest expense. During the three months ended March 31, 2017 the Company entered into convertible loan agreements for total gross proceeds of $6,388 with a shareholder. 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 recognized the intrinsic value of the embedded beneficial conversion feature of $2,342 as additional paid-in capital and the debt discount was recorded as interest expense. During the three months ended June 30, 2017 the Company entered into convertible loan agreements for total gross proceeds of $36,925 with a shareholder. 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 evaluated the intrinsic value of the embedded beneficial conversion feature, which was $Nil. During the three months ended September 30, 2017 the Company entered into convertible loan agreements for total gross proceeds of $43,269 with a shareholder. 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 recognized the intrinsic value of the embedded beneficial conversion feature of $2,884 as additional paid-in capital and the debt discount will be recorded as interest expense.

Consulting Agreement

Consulting Agreement	9 Months Ended
	Sep. 30, 2017
Consulting Agreement [Abstract]
Consulting Agreement	Note 5 – 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 representing the initial four months of Fees on or before September 9, 2016, which amount has been paid. During the three months ended March 31, 2017 the Company terminated the agreement with no further compensation required.

Equity

Equity	9 Months Ended
	Sep. 30, 2017
Equity [Abstract]
Equity	Note 6 – 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. Share issuance during the nine months ended September 30, 2017: None Share issuance during the year ended December 31, 2016: 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 September 30, 2017 and December 31, 2016, the Company has 12,123,152 shares of common stock and nil shares of preferred stock issued and outstanding.

Committments

Committments	9 Months Ended
	Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Committments	Note 7 – Committments On June 30, 2017 the Company's board of directors approved the issuaance of a total of 2,500,000 restricted shares of the Company's common stock. A total of 1,250,000 shares were approved for issuance to a former director of the Company for services rendered, and a further 1,250,000 shares were approved for issuance to a third party consultant for services rendered. As at September 30, 2017 the shares remained unissued. A total of $750,000 has been recorded as a liaility for unissued shares on the Company's balance sheets in respect of the obligation based on the fair market value of the Company's shares on the date the shares were approved for issuance.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2017
Related Party Transactions [Abstract]
Related Party Transactions	Note 8 - Related Party Transactions (1) Convertible notes with Shareholder: During the three months ended March 31, 2017 the Company entered into convertible loan agreements for total gross proceeds of $6,388 with a shareholder. 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 recognized the intrinsic value of the embedded beneficial conversion feature of $2,342 as additional paid-in capital and the debt discount was recorded as interest expense. During the three months ended June 30, 2017 the Company entered into convertible loan agreements for total gross proceeds of $36,925 with a shareholder. 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 evaluated the intrinsic value of the embedded beneficial conversion feature, which was $Nil. During the three months ended September 30, 2017 the Company entered into convertible loan agreements for total gross proceeds of $43,269 with a shareholder. 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 recognized the intrinsic value of the embedded beneficial conversion feature of $2,884 as additional paid-in capital and the debt discount will be recorded as interest expense. (2) Transactions with Mr. Ruben Yakubov, President of the Company During the nine months ended September 30, 2017 Mr. Ruben Yakubov, the Company's President and a member of the Board of Directors, invoiced $54,000 in management fees. The Company paid $36,000 in cash, leaving $18,000 on the balance sheets as due to related party. (3) Transactions with Danail Terziev, CEO and Director of the Company, and companies controlled by him During the nine months ended September 30, 2017, the Company repaid an amount of $1,690, to a company controlled by our CEO, leaving $17,023 (December 31, 2016 - $18,713) on the balance sheets as advances from related party. During the nine months ended September 30, 2017, a company controlled by our CEO further advanced $3,094 to the Company to settle certain accounts payable, leaving $6,086 (December 31, 2016 - $2,992) on the balance sheets as advances from related party.

Other Events

Other Events	9 Months Ended
	Sep. 30, 2017
Other Events [Abstract]
Other events	Note 9 – Other events Effective April 28, 2017, Ilya Kaplan resigned from all officer and director positions with the Company. On June 12, 2017, Agora Holdings, Inc., a Utah corporation ("we" or the "Company"), entered into an Equity Purchase Agreement (the "Agreement") whereby the Company agreed to acquire all of the outstanding common shares of 9706801 Canada, Inc. d/b/a RiNet Telecom ("RiNet"), a company engaged in the deployment, modernization and maintenance of telecommunications networks (the "Acquisition"). RiNet is owned solely by Danail Terziev, a director of the Company and our controlling shareholder. On June 12, 2017 (the "Closing Date"), the parties executed the Agreement for the Acquisition. Upon the Closing Date, it was intended that the Company exhange the common shares of RiNet in exchange for 20,000,000 shares of the Company's restricted common stock. The Acquisition was subject to customary closing conditions. On January 22, 2018 the Company's board of directors and RiNet mutually agreed to terminate the June 12, 2017 Agreement and to rescind the aforementioned Acquisition. The Company had not issued the 20,000,000 consideration shares as contemplated by the Agreement and the controlling shareholder of RiNet had not transferred ownership to the Company.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Note 10 - 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 September 30, 2017 of approximately $953,726, 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 $324,300 at September 30, 2017. For the nine months ended September 30, 2017, the valuation allowance increased by approximately $60,950.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2017
Subsequent Events [Abstract]
Subsequent events	Note 11 – Subsequent events On October 23, 2017 the Company and a noteholder renegotiated conversion terms on certain outstanding convertible notes to reduce the conversion price from $0.30 per share to $0.052889166 per share. Concurrently the Company was advised the noteholder assigned total principal and interest of $97,844.96 to two third parties. The third parties subsequently provided conversion notices to the Company to settle the outstanding debt in full by the issuance of a total of 1,850,000 restricted shares of the Company's common stock. On November 30, 2017 the Company was advised a noteholder assigned total principal and interest of $154,700.81 to two third parties. The third parties subsequently provided conversion notices to the Company to settle the outstanding debt in full by the issuance of a total of 2,925,000 restricted shares of the Company's common stock. On December 30, 2017 the Company was advised a noteholder assigned total principal and interest of $79,333.75 to a third party. The third party subsequently provided a conversion notice to the Company to settle the outstanding debt in full by the issuance of a total of 1,500,000 restricted shares of the Company's common stock. On January 15, 2018 the Company was advised a noteholder assigned total principal and interest of $69,270.78 to two third parties. The third parties subsequently provided conversion notices to the Company to settle the outstanding debt in full by the issuance of a total of 1,309,735 restricted shares of the Company's common stock. On January 22, 2018 the Company's board of directors and RiNet mutually agreed to terminate the June 12, 2017 Agreement (ref: Note 9) and to rescind the aforementioned Acquisition. The Company had not issued the 20,000,000 consideration shares as contemplated by the Agreement and the controlling shareholder of RiNet had not transferred ownership to 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)	9 Months Ended
	Sep. 30, 2017
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.
Basis of Presentation	Basis of Presentation The unaudited interim consolidated financial statements of the Company have been prepared in accordance with United States generally accepted accounting principles ("GAAP") for interim financial information and the rules and regulations of the Securities and Exchange Commission ("SEC"). They do not include all information and footnotes required by GAAP for complete financial statements. Except as disclosed herein, there have been no material changes in the information disclosed in the notes to the financial statements for the year ended December 31, 2016, included in the Company's Annual Report on Form 10-K, filed with the SEC. The interim unaudited consolidated financial statements should be read in conjunction with those audited financial statements included in Form 10-K. In the opinion of management, all adjustments considered necessary for fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the nine months ended September 30, 2017 are not necessarily indicative of the results that may be expected for the year ending December 31, 2018.
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 of 2017, the FASB issued guidance to better align the financial reporting related to hedging activities with the economic objectives of those activities and to simplify the application of current hedge accounting guidance. Entities are required to apply the guidance using a modified retrospective method as of the period of adoption. This guidance is effective for annual and interim periods beginning after December 31, 2018. Early adoption is permitted. Management is evaluating

Convertible Notes (Tables)

Convertible Notes (Tables)	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Schedule of convertible notes	Principal Amount ($) Debt Discount ($) Carrying Value ($) Accrued interest payable ($) Balance, 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 ) Balance, December 31, 2016 272,983 - 272,983 9,375 Additions: - - - BCF associated 2016 notes - (45,498 ) (45,498 ) - New note 86,582 (5,226 ) 81,356 - Interest expense - - - 18,246 Deduct: amortization of discount - 46,671 46,671 - Balance, September 30, 2017 $ 359,565 $ (4,053 ) $ 355,512 $ 27,621

Description of Business and B19

Description of Business and Basis of Presentation (Details) - USD ($)	Jan. 20, 2017	Aug. 25, 2016	Sep. 30, 2014	May 29, 2014	May 19, 2014	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Reverse split, description	Effect a reverse split on a 1 for 10 basis.				Effect a reverse split on the basis of 1,000 to 1.
Preferred stock, shares authorized						100,000,000		100,000,000
Common stock, shares issued						12,123,152		12,123,152
Preferred stock, shares issued
Issuance of Stock and Warrants for Services or Claims			$ 150,000				$ 6,000
Stock Issued During Period, Shares, Issued for Services		4,618	7,000,000			1,250,000
Ownership percentage			100.00%
Common stock, shares authorized						500,000,000		500,000,000
Preferred Stock [Member]
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Acquire all issued and outstanding shares of capital stock				50,000,000
Common Stock [Member]
Collaborative Arrangements and Non-collaborative Arrangement Transactions [Line Items]
Acquire all issued and outstanding shares of capital stock				25,000,000

Going Concern (Details)

Going Concern (Details)	Sep. 30, 2017USD ($)
Going Concern [Abstract]
Working capital deficit	$ 1,193,582

Summary of Significant Accoun21

Summary of Significant Accounting Policies (Details)	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Property 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 ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Short-term Debt [Line Items]
Deduct: amortization of discount	$ 46,671
Principal Amount [Member]
Short-term Debt [Line Items]
Beginning Balance	272,983	324,267	$ 324,267
Additions:			272,983
Interest expenses
Issuance of shares to settle debt			(324,267)
BCF associated 2016 notes
New note	86,582
Deduct: amortization of discount
Ending Balance	359,565		272,983
Debt Discount [Member]
Short-term Debt [Line Items]
Beginning Balance
Additions:
Interest expenses
Issuance of shares to settle debt
BCF associated 2016 notes	(45,498)
New note	(5,226)
Deduct: amortization of discount	46,671
Ending Balance	(4,053)
Carrying Value [Member]
Short-term Debt [Line Items]
Beginning Balance	272,983	324,267	324,267
Additions:			272,983
Interest expenses
Issuance of shares to settle debt
BCF associated 2016 notes	(45,498)
New note	81,356
Deduct: amortization of discount	46,671
Ending Balance	355,512		272,983
Accrued interest payable [Member]
Short-term Debt [Line Items]
Beginning Balance	9,375	$ 20,730	20,730
Additions:
Interest expenses	18,246		9,375
Issuance of shares to settle debt			(20,730)
BCF associated 2016 notes
New note
Deduct: amortization of discount
Ending Balance	$ 27,621		$ 9,375

Convertible Notes (Details Text

Convertible Notes (Details Textual) - USD ($)	Jan. 20, 2017	Aug. 25, 2016	Jan. 19, 2016	May 19, 2014	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Short-term Debt [Line Items]
Total gross proceeds								$ 86,582	$ 209,917
Embedded beneficial conversion feature								$ 45,498
Pre-split shares of common stock		46,189	1,149,991
Reverse split, description	Effect a reverse split on a 1 for 10 basis.			Effect a reverse split on the basis of 1,000 to 1.
Convertible Loan Agreements [Member]
Short-term Debt [Line Items]
Total gross proceeds					$ 43,269	$ 36,925	$ 6,388			$ 272,983
Interest rate per annum					8.00%	8.00%	8.00%	8.00%		8.00%
Conversion price per share					$ 0.30	$ 0.30	$ 0.30	$ 0.30		$ 0.30
Embedded beneficial conversion feature					$ 2,884		$ 2,342
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, between $0.13 to $0.23, was lower than the conversion price.
Majority Shareholder [Member]
Short-term Debt [Line Items]
Convertible loans payable			$ 344,997
Pre-split shares of common stock			1,149,991

Consulting Agreement (Details)

Consulting Agreement (Details)	9 Months Ended
	Sep. 30, 2017USD ($)
Consulting Agreement [Abstract]
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			9 Months Ended	12 Months Ended
	Aug. 25, 2016	Jan. 19, 2016	Sep. 30, 2014	Sep. 30, 2017	Dec. 31, 2016
Equity [Abstract]
Common stock, shares authorized				500,000,000	500,000,000
Common stock, par value				$ 0.001	$ 0.001
Preferred stock, shares authorized				100,000,000	100,000,000
Preferred stock, par value				$ 0.10	$ 0.10
Issuance of shares of common stock		114,999
Pre-split shares of common stock	46,189	1,149,991
Common stock issued for service shares	4,618		7,000,000	1,250,000
Share price	$ 0.1299
Common stock issued for service value	$ 6,000
Common stock, shares issued				12,123,152	12,123,152
Preferred stock, shares issued
Preferred stock, shares outstanding

Committments (Details)

Committments (Details) - USD ($)	1 Months Ended		9 Months Ended
	Aug. 25, 2016	Sep. 30, 2014	Sep. 30, 2017
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Restricted shares of common stock			2,500,000
Common stock issued for service shares	4,618	7,000,000	1,250,000
Liability for unissued shares			$ 750,000
Director [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Common stock issued for service shares			1,250,000

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	3 Months Ended			9 Months Ended		12 Months Ended
	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016	Jan. 19, 2016
Related Party Transaction [Line Items]
Total gross proceeds				$ 86,582	$ 209,917
Advances from related party	$ 6,086			6,086		$ 2,992
Embedded beneficial conversion feature				45,498
CEO and Director [Member]
Related Party Transaction [Line Items]
Repayment of amount				1,690
Advances from related party	17,023			17,023		18,713
Accounts payable	3,094			3,094
President and Director [Member]
Related Party Transaction [Line Items]
Management fees				54,000
Cash paid from related party				36,000
Due to related party	18,000			$ 18,000
Majority Shareholder [Member]
Related Party Transaction [Line Items]
Convertible loans payable							$ 344,997
Convertible Loan Agreements [Member]
Related Party Transaction [Line Items]
Total gross proceeds	$ 43,269	$ 36,925	$ 6,388			$ 272,983
Interest rate per annum	8.00%	8.00%	8.00%	8.00%		8.00%
Conversion price per share	$ 0.30	$ 0.30	$ 0.30	$ 0.30		$ 0.30
Embedded beneficial conversion feature	$ 2,884		$ 2,342

Other Events (Details)

Other Events (Details) - shares	Jan. 15, 2018	Jun. 12, 2017	Jan. 22, 2018	Dec. 30, 2017	Nov. 30, 2017	Oct. 23, 2017	Sep. 30, 2017	Dec. 31, 2016
Defined Benefit Plan Disclosure [Line Items]
Common stock, shares outstanding							12,123,152	12,123,152
Restricted shares of common stock							2,500,000
Subsequent Event [Member]
Defined Benefit Plan Disclosure [Line Items]
Restricted shares of common stock						1,850,000
Consideration of shares			20,000,000
RiNet [Member]
Defined Benefit Plan Disclosure [Line Items]
Common stock, shares outstanding		9,706,801
Restricted shares of common stock		20,000,000
Two Third Parties [Member] | Subsequent Event [Member]
Defined Benefit Plan Disclosure [Line Items]
Restricted shares of common stock	1,309,735				2,925,000
Third Party [Member] | Subsequent Event [Member]
Defined Benefit Plan Disclosure [Line Items]
Restricted shares of common stock				1,500,000

Income Taxes (Details)

Income Taxes (Details)	9 Months Ended
	Sep. 30, 2017USD ($)
Income Tax Disclosure [Abstract]
Operating loss carry-forwards	$ 953,726
Operating loss carry-forwards, expiration date	Dec. 31, 2034
Deferred tax assets, operating loss carry-forwards	$ 324,300
Valuation allowance increased	$ 60,950
Statutory income tax rate	34.00%

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)	Jan. 15, 2018	Jun. 12, 2017	Jan. 22, 2018	Dec. 30, 2017	Nov. 30, 2017	Oct. 23, 2017	Sep. 30, 2017
Subsequent Event [Line Items]
Restricted shares of common stock							2,500,000
Subsequent Event [Member]
Subsequent Event [Line Items]
Total principal and interest						$ 97,844.96
Restricted shares of common stock						1,850,000
Consideration of shares			20,000,000
Rinet [Member]
Subsequent Event [Line Items]
Restricted shares of common stock		20,000,000
Two Third Parties [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Total principal and interest	$ 69,270.78				$ 154,700.81
Restricted shares of common stock	1,309,735				2,925,000
Third Party [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Total principal and interest				$ 79,333.75
Restricted shares of common stock				1,500,000
Minimum [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Conversion price per share						$ 0.052889166
Maximum [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Conversion price per share						$ 0.30