Agora 10-K/A 20 Aug 18 2017 FY Annual report (amended) Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2017	Apr. 13, 2018	Jun. 30, 2017
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, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 10,340,002
Entity Common Stock, Shares Outstanding		49,207,887

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Current
Cash		$ 6,795
Accounts receivable	7,258	5,303
Total Current Assets	7,258	12,098
Total Assets	7,258	12,098
Current
Accounts payable and accrued liabilities	24,548	24,172
Bank overdraft	105
Other payables	8,902	5,990
Due to related party	68,002	21,705
Convertible notes - related party, net	7,807	272,983
Total Current Liabilities	109,364	324,850
Total Liabilities	109,364	324,850
STOCKHOLDERS' DEFICIT
Preferred Stock, $0.10 par value; authorized: 100,000,000, no shares issued and outstanding as of December 31, 2017 and December 31, 2016
Common Stock, $0.001 par value; authorized: 500,000,000 shares, 20,898,152 and 12,123,152 shares issued and outstanding as of December 31, 2017 and December 31, 2016	20,898	12,123
Additional Paid-in Capital	2,028,906	447,316
Accumulated other comprehensive income (loss)	172	2,259
Accumulated income (deficit)	(2,152,082)	(774,450)
Total Stockholders' Deficit	(102,106)	(312,752)
Total Liabilities and Stockholders' Deficit	$ 7,258	$ 12,098

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 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	20,898,152	12,123,152
Common stock, shares outstanding	20,898,152	12,123,152

Consolidated Statements of Oper

Consolidated Statements of Operations and Other Comprehensive Income - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Statement [Abstract]
Net revenues	$ 22,999	$ 14,518
Related party revenue		3,339
Total revenue	22,999	17,857
Operating expenses
Cost of revenues, direct materials		3,397
Programming costs	26,618
Management fees	72,000	72,000
Professional fees	37,110	50,490
Consulting fees	750,000	100,434
General and administrative expenses	31,883	38,733
Bad debt	2,382	2,333
Total operating expenses	919,993	267,387
Income (loss) from operations	(896,994)	(249,530)
Interest expenses	(480,638)	(9,375)
Net (loss)	$ (1,377,632)	$ (258,905)
Net loss per share - basic and diluted	$ (0.10)	$ (0.02)
Weighted average shares outstanding - basic and diluted	13,985,686	12.114003
Comprehensive Income (Loss):
Net income (loss)	$ (1,377,632)	$ (258,905)
Effect of foreign currency translation	(2,087)	(584)
Comprehensive Loss	$ (1,379,719)	$ (259,489)

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Deficit - USD ($)	Preferred Stock	Common Stock	Additional Paid- in Capital	Accumulated Comprehensive Income (loss)	Accumulated Deficit	Total
Balance at Dec. 31, 2015		$ 12,004	$ (53,562)	$ 2,843	$ (515,545)	$ (554,260)
Balance, shares at Dec. 31, 2015		12,003,535
Share issued to settle debt		$ 115	344,882			344,997
Share issued to settle debt, shares		114,999
Share issued for services		$ 4	5,996			6,000
Share 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)
Balance at Dec. 31, 2016		$ 12,123	447,316	2,259	(774,450)	(312,752)
Balance, shares at Dec. 31, 2016		12,123,152
Share issued to settle debt		$ 6,275	415,287			421,562
Share issued to settle debt, shares		6,275,000
Share issued for services		$ 1,250	373,750			375,000
Share issued for services, shares		1,250,000
Shares issued to a former director for compensation		$ 1,250	373,750			375,000
Shares issued to a former director for compensation, shares		1,250,000
Beneficial conversion feature associated with convertible notes			418,803			418,803
Foreign currency translation adjustments				(2,087)		(2,087)
Loss for the period					(1,377,632)	(1,377,632)
Balance at Dec. 31, 2017		$ 20,898	$ 2,028,906	$ 172	$ (2,152,082)	$ (102,106)
Balance, shares at Dec. 31, 2017		20,898,152

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Cash flows from Operating Activities
Net income (loss)	$ (1,377,632)	$ (258,905)
Adjustments to reconcile net loss to net cash used in operations:
Amortization of debt discount	366,490
Shares issued as interest expense	89,682
Shares issuance for services	750,000	6,000
Bad debt	2,382	2,333
Changes in operating assets and liabilities:
Accounts receivable	(3,898)	2,600
Accounts payable and accrued liabilities	66,097	(18,419)
Due to related party	4,632	249
Net cash used in operating activities	(102,247)	(266,142)
Cash flows from Investing Activities
Net cash provided by investing activities
Cash flows from Financing Activities
Proceeds from convertible notes	95,097	272,983
Net cash provided by financing activities	95,097	272,983
Effects of exchange rates on cash	250	(46)
Increase (decrease) in cash during the period	(6,900)	6,795
Cash, beginning of period	6,795
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	307,960	324,267
Accrued interest converted to shares	$ 23,920	$ 20,730

Description of Business and Bas

Description of Business and Basis of Presentation	12 Months Ended
	Dec. 31, 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 as set out below. On March 1, 2018, the Company entered into a letter of intent (“LOI”) to acquire ESILKROAD NETWORK LIMITED, a limited partnership incorporated under the laws of Hong Kong and its controlled subsidiary, eSilkroad of Ukraine, an entity formed and operating in the Ukraine, (collectively the “targets”). The primary asset of Esilkroad Network Limited is a fully developed concept for a global B2B networking platform called “eSilknet” which is intended to provide international users a one-stop portal to carry out global business activity, reach investors for product and other corporate development purposes, organize international trade events, attract professional services for international activities and advertise products and services. eSilknet is expected to make interaction between businesses and non-profit organizations throughout the World faster, less costly and more effective. Along with eSilknet, the eSilkroad group of projects includes the opportunity to subsequently acquire complementary projects “eSilktrade” (a cross border ecommerce platform currently under development) and eSilkexpo, a complementary exposition portal also under development, which is intended to be a virtual exhibition and display platform. The fully developed eSilknet platform will allow users to peruse the site in their native language, making it truly accessible to the global community. Anticipated to be a ground-breaking B2B networking portal providing the global community a new way of direct interaction, eSilknet is focused solely on international business activities. The completed site is expected to allow users to establish a profile, set up contact details and summarize key corporate data, including available products and opportunities. Users will be able to leave reviews and ratings, chat directly in a secure environment and eventually to conduct business through the site upon acquisition of eSilktrade. The Company expects to complete this acquisition and a formal exchange agreement during April 2018.

Going Concern

Going Concern	12 Months Ended
	Dec. 31, 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 $ at December 31, 2017.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 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. 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) collectibility 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. Convertible debt and beneficial conversion features The Company evaluates embedded conversion features within convertible debt under ASC 815 “Derivatives and Hedging” to determine whether the embedded conversion feature(s) should be bifurcated from the host instrument and accounted for as a derivative at fair value with changes in fair value recorded in earnings. If the conversion feature does not require derivative treatment under ASC 815, the instrument is evaluated under ASC 470-20 “Debt with Conversion and Other Options” for consideration of any beneficial conversion features. 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 the impact if any this pronouncement has on our financial statements.

Convertible Notes

Convertible Notes	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Convertible Notes	Note 4 - Convertible Notes At December 31, 2017 and 2016, convertible notes payable consisted of the following: December 31, 2017 December 31, 2016 Principal amount $ 60,119 $ 272,983 Less: unamortized debt discount (52,312 ) - Convertible notes payable, net $ 7,807 $ 272,983 During the fiscal year ended December 31, 2016 the Company entered into various convertible loan agreements for total gross proceeds of $272,983 with an individual. The notes 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 respective notes was between $0.13 to $0.23 per share, which prices were lower than the agreed 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 $45,497 associated with the above notes as additional paid-in capital. Subsequently between January and October 15, 2017 the Company entered into various additional convertible loan agreements with the individual for total gross proceeds of $95,097. The notes 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 dates, the Company recognized the intrinsic value of the embedded beneficial conversion features totaling $5,226. On October 23, 2017 the Company and the individual noteholder renegotiated the conversion terms relative to the convertible notes outstanding to reduce the conversion price from $0.30 per share to $0.052889166 per share. The Company recognized the intrinsic value of the embedded beneficial conversion feature relative to the modification in the total amount of $368,079 as additional paid-in capital. On October 23, 2017 Company was advised the individual 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 the individual 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 the individual 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. The following table sets forth interest expense for amortization of the beneficial conversion feature recognized in respect of the Convertible Notes during fiscal 2017 and 2016: Year ended December 31, 2017 2016 Amortization of beneficial conversion feature 366,490 -

Consulting Agreement

Consulting Agreement	12 Months Ended
	Dec. 31, 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.

Capital Stock

Capital Stock	12 Months Ended
	Dec. 31, 2017
Equity [Abstract]
Capital Stock	Note 6 – Capital Stock 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. No shares of preferred stock have been designated as a class, and no shares of preferred stock have been issued. Share issuance during the year ended December 31, 2017: As described more fully above in Note 4, the Company issued 6,275,000 shares of common stock to settle principal of $307,960 and accrued interest of $23,920 upon the conversion of certain convertible notes payable. On June 30, 2017 the Company issued 1,250,000 shares respectively to a former director and a consultant for services rendered. The Company valued those issuances on the closing price of the Company’s stock as traded in the other-the-counter market on the date of grant. 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 issued in the fiscal year ended December 31, 2015 and accrued interest thereon. 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.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2017
Related Party Transactions [Abstract]
Related Party Transactions	Note 7 - Related Party Transactions (1) Convertible notes with Under 10% Shareholder: During the fiscal year ended December 31, 2016 the Company entered into various convertible loan agreements for total gross proceeds of $272,983 with an individual shareholder. The notes 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. Between January 1 and October 15, 2017 the Company entered into various additional convertible loan agreements for total gross proceeds of $95,097 with the same individual shareholder. The notes 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 October 23, 2017 the Company and the individual shareholder renegotiated conversion terms in respect of the outstanding convertible notes to reduce the conversion price from $0.30 per share to $0.052889166 per share. During the year ended December 31, 2017 the Company the individual shareholder assigned total principal and interest of $331,880 in respect of the aforementioned notes to third parties. (2) Transactions with Mr. Ruben Yakubov, President of the Company During the year ended December 31, 2017 Mr. Ruben Yakubov, the Company’s President and a member of the Board of Directors, invoiced $72,000 in management fees. The Company paid $42,000 in cash, leaving $30,000 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 year ended December 31, 2017, the Company repaid an amount of $854, to a company controlled by our CEO, leaving $17,858 (December 31, 2016 - $18,713) on the balance sheets as advances from related party. During the year ended December 31, 2017, a company controlled by our CEO further advanced $7,307 to the Company to settle certain accounts payable, leaving $10,299 (December 31, 2016 - $2,992) on the balance sheets as advances from related party.

Other Events

Other Events	12 Months Ended
	Dec. 31, 2017
Other Events [Abstract]
Other events	Note 8 – 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 exchange 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	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Note 9 - Income Taxes The income tax expense (benefit) consisted of the following for the year ended December 31, 2017 and 2016: December 31, 2017 December 31, 2016 Total current $ - $ - Total deferred - - $ - $ - Deferred income taxes reflect the net tax effects of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The following is a reconciliation of the expected statutory federal income tax provision to the actual income tax benefit for the year ended December 31, 2017 and 2016: December 31, 2017 December 31, 2016 Expected benefit at federal statutory rate $ 468,000 88,000 Non-deductible expenses (397,000 ) - Change in valuation allowance (71,000 ) (88,000 ) $ - $ - In the table above, the expected tax benefit is calculated at statutory rate of 34% for amounts for the year ended December 31, 2017 and 2016. Significant components of the Company’s deferred tax assets and liabilities were as follows for the years ended December 31, 2017 and 2016: December 31, 2017 December 31, 2016 Deferred tax assets: Net operating loss carryforwards $ 334,000 $ 263,000 Accrued management fees (10,000 ) - Total deferred tax assets 324,000 263,000 Change in effective tax rates 128,000 - Net deferred tax assets 452,000 263,000 Less valuation allowance (452,000 ) (263,000 ) Net deferred tax assets (liabilities) $ - $ - For the years ended December 31, 2016 and 2017, the amounts above were calculated using a 34% statutory rate. The change in effective tax rate to a flat 21%, which reflects the change in rates based on passage of tax reform by the United States Congress in January 2018, is reflected in fiscal 2017 as the line item “Change in effective tax rates”. During the year ended December 31, 2017 and 2016 the, the Company recognized no amounts related to tax interest or penalties related to uncertain tax positions. The Company is subject to taxation in the United States and various state jurisdictions. The Company has filed its tax returns up to the fiscal year ended December 31, 2016 and currently has no years under examination by the IRS.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2017
Subsequent Events [Abstract]
Subsequent events	Note 10 – Subsequent events On January 15, 2018 the Company was advised an individual 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 8) 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. On March 1, 2018, the Company entered into a letter of intent (“LOI”) to acquire ESILKROAD NETWORK LIMITED, a limited partnership incorporated under the laws of Hong Kong and its controlled subsidiary, eSilkroad of Ukraine, an entity formed and operating in the Ukraine, (collectively the “targets”). The primary asset of Esilkroad Network Limited is a fully developed concept for a global B2B networking platform called “eSilknet” which is intended to provide international users a one-stop portal to carry out global business activity, reach investors for product and other corporate development purposes, organize international trade events, attract professional services for international activities and advertise products and services. eSilknet is expected to make interaction between businesses and non-profit organizations throughout the World faster, less costly and more effective. On March 23, 2018 the Company and its President Ruben Yakubov entered into an Executive Employment agreement. The Agreement provides that Mr. Yakubov shall continue to serve as President of the Company for an initial term of five years, with subsequent one year renewal periods until the Agreement is terminated. The Agreement contains customary non-compete and non-solicitation provisions. As consideration for the Agreement, Mr. Yakubov shall receive 20,000,000 shares of restricted common stock, which were considered fully earned and beneficially owned upon the execution of the Agreement. Concurrently the Company entered into a consulting agreement with a third party for business development services where under the consultant shall receive 7,000,000 shares of restricted common stock, which were considered fully earned and beneficially owned upon the execution of the Agreement. The shares were issued in April 2018. 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, 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.
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) collectibility 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.
Convertible debt and beneficial conversion features	Convertible debt and beneficial conversion features The Company evaluates embedded conversion features within convertible debt under ASC 815 “Derivatives and Hedging” to determine whether the embedded conversion feature(s) should be bifurcated from the host instrument and accounted for as a derivative at fair value with changes in fair value recorded in earnings. If the conversion feature does not require derivative treatment under ASC 815, the instrument is evaluated under ASC 470-20 “Debt with Conversion and Other Options” for consideration of any beneficial conversion features.
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 the impact if any this pronouncement has on our financial statements.

Convertible Notes (Tables)

Convertible Notes (Tables)	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Schedule of convertible notes payable	December 31, 2017 December 31, 2016 Principal amount $ 60,119 $ 272,983 Less: unamortized debt discount (52,312 ) - Convertible notes payable, net $ 7,807 $ 272,983
Schedule of interest expense for amortization of the beneficial conversion feature	Year ended December 31, 2017 2016 Amortization of beneficial conversion feature 366,490 -

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Schedule of income tax expense (benefit)	December 31, 2017 December 31, 2016 Total current $ - $ - Total deferred - - $ - $ -
Schedule of reconciliation of expected statutory federal income tax provision to actual income tax benefit	December 31, 2017 December 31, 2016 Expected benefit at federal statutory rate $ 468,000 88,000 Non-deductible expenses (397,000 ) - Change in valuation allowance (71,000 ) (88,000 ) $ - $ -
Schedule of deferred tax assets and liabilities	December 31, 2017 December 31, 2016 Deferred tax assets: Net operating loss carryforwards $ 334,000 $ 263,000 Accrued management fees (10,000 ) - Total deferred tax assets 324,000 263,000 Change in effective tax rates 128,000 - Net deferred tax assets 452,000 263,000 Less valuation allowance (452,000 ) (263,000 ) Net deferred tax assets (liabilities) $ - $ -

Description of Business and B20

Description of Business and Basis of Presentation (Details) - USD ($)	Jan. 20, 2017	Sep. 30, 2014	May 29, 2014	May 19, 2014	Dec. 31, 2016	Dec. 31, 2017
Description of Business and Basis of Presentation (Textual)
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 authorized					500,000,000	500,000,000
Exchange shares of common stock		7,000,000
Cash payment		$ 150,000
Ownership percentage		100.00%
Payment of agreed to be waived					$ 150,000
Preferred Stock [Member]
Description of Business and Basis of Presentation (Textual)
Acquire all issued and outstanding shares of capital stock			50,000,000
Common Stock [Member]
Description of Business and Basis of Presentation (Textual)
Acquire all issued and outstanding shares of capital stock			25,000,000

Going Concern (Details)

Going Concern (Details)	Dec. 31, 2017USD ($)
Going Concern (Textual)
Working capital deficit	$ 102,106

Summary of Significant Accoun22

Summary of Significant Accounting Policies (Details)	12 Months Ended
	Dec. 31, 2017
Minimum [Member]
Summary of Significant Accounting Policies (Textual)
Estimated useful lives of the assets	3 years
Maximum [Member]
Summary of Significant Accounting Policies (Textual)
Estimated useful lives of the assets	5 years

Convertible Notes (Details)

Convertible Notes (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Debt Disclosure [Abstract]
Principal amount	$ 60,119	$ 272,983
Less: unamortized debt discount	(52,312)
Convertible notes payable, net	$ 7,807	$ 272,983

Convertible Notes (Details 1)

Convertible Notes (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Debt Disclosure [Abstract]
Amortization of beneficial conversion feature	$ 366,490

Convertible Notes (Details Text

Convertible Notes (Details Textual) - USD ($)	Oct. 15, 2017	Jan. 20, 2017	Dec. 30, 2017	Nov. 30, 2017	Oct. 23, 2017	May 19, 2014	Dec. 31, 2017	Dec. 31, 2016
Convertible Notes (Textual)
Total gross proceeds							$ 95,097	$ 272,983
Embedded beneficial conversion feature							$ 45,497
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]
Convertible Notes (Textual)
Total gross proceeds	$ 95,097							$ 272,983
Interest rate per annum	8.00%							8.00%
Conversion price per share	$ 0.30							$ 0.30
Embedded beneficial conversion feature	$ 5,226
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 respective notes was between $0.13 to $0.23 per share, which prices were lower than the agreed conversion price.
Individual noteholder [Member]
Convertible Notes (Textual)
Embedded beneficial conversion feature					$ 368,079
Total principal and interest			$ 79,334.75	$ 154,700.81	$ 97,844.96
Restricted shares of common stock			1,500,000	2,925,000	1,850,000
Individual noteholder [Member] | Maximum [Member]
Convertible Notes (Textual)
Conversion price per share					$ 0.30
Individual noteholder [Member] | Minimum [Member]
Convertible Notes (Textual)
Conversion price per share					$ 0.052889166

Consulting Agreement (Details)

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

Capital Stock (Details)

Capital Stock (Details) - USD ($)	1 Months Ended			12 Months Ended
	Jun. 30, 2017	Aug. 25, 2016	Jan. 19, 2016	Dec. 31, 2017	Dec. 31, 2016
Capital Stock (Textual)
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 services, shares	1,250,000	4,618
Share price		$ 0.1299
Common stock issued for services, value		$ 6,000		$ 375,000	$ 6,000
Preferred stock, shares issued
Common stock issued to settle principal				6,275,000
Principal amount				$ 307,960
Accrued interest				$ 23,920

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	Oct. 15, 2017	Dec. 31, 2017	Dec. 31, 2016	Oct. 23, 2017
Related Party Transactions (Textual)
Convertible notes, percentage		10.00%
Total gross proceeds		$ 95,097	$ 272,983
Total principal and interest		331,880
Advances from related party		10,299	2,992
CEO [Member]
Related Party Transactions (Textual)
Amount paid in cash		854
Advances from related party		17,858	18,713
Accounts payable		7,307
President and Board of Directors [Member]
Related Party Transactions (Textual)
Management fees		72,000
Amount paid in cash		42,000
Due to related party		$ 30,000
Individual shareholder [Member] | Minimum [Member]
Related Party Transactions (Textual)
Conversion price per share				$ 0.052889166
Individual shareholder [Member] | Maximum [Member]
Related Party Transactions (Textual)
Conversion price per share				$ 0.30
Convertible Loan Agreements [Member]
Related Party Transactions (Textual)
Total gross proceeds	$ 95,097		$ 272,983
Interest rate per annum	8.00%		8.00%
Conversion price per share	$ 0.30		$ 0.30

Other Events (Details)

Other Events (Details) - RiNet [Member] - shares	Jun. 12, 2017	Jan. 22, 2018
Other Events (Textual)
Outstanding common shares, acquired	9,706,801
Restricted shares of common stock	20,000,000
Subsequent Events [Member]
Other Events (Textual)
Consideration of shares		20,000,000

Income Taxes (Details)

Income Taxes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Total current
Total deferred
Total income tax expense (benefit)

Income Taxes (Details 1)

Income Taxes (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Expected benefit at federal statutory rate	$ 468,000	$ 88,000
Non-deductible expenses	(397,000)
Change in valuation allowance	(71,000)	(88,000)
Total

Income Taxes (Details 2)

Income Taxes (Details 2) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Deferred tax assets:
Net operating loss carryforwards	$ 334,000	$ 263,000
Accrued management fees	(10,000)
Total deferred tax assets	324,000	263,000
Change in effective tax rates	128,000
Net deferred tax assets	452,000	263,000
Less valuation allowance	(452,000)	(263,000)
Net deferred tax assets (liabilities)

Income Taxes (Details Textual)

Income Taxes (Details Textual)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Taxes (Textual)
Statutory income tax rate	34.00%	34.00%
Change in effective tax rate	21.00%

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Events [Member] - USD ($)	Mar. 23, 2018	Jan. 15, 2018	Jan. 22, 2018
Mr. Yakubov [Member]
Subsequent Events (Textual)
Consideration of shares	20,000,000
Two third parties [Member]
Subsequent Events (Textual)
Total principal and interest		$ 69,270.78
Restricted shares of common stock		1,309,735
Consultant [Member]
Subsequent Events (Textual)
Consideration of shares	7,000,000
Employment agreement, term	The Agreement provides that Mr. Yakubov shall continue to serve as President of the Company for an initial term of five years, with subsequent one year renewal periods until the Agreement is terminated.
Board of directors and RiNet [Member]
Subsequent Events (Textual)
Consideration of shares			20,000,000