EVmo (YAYO) 10-Q 5 Aug 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2020	Aug. 05, 2020
Cover [Abstract]
Entity Registrant Name	YayYo, Inc.
Entity Central Index Key	0001691077
Document Type	10-Q
Document Period End Date	Jun. 30, 2020
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		31,981,374
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2020

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Current Assets:
Cash	$ 103,240	$ 1,256,429
Accounts receivable	43,562	59,331
Prepaid expenses	549,404	782,900
Total current assets	696,206	2,098,660
Equipment, net	2,651	3,395
Rental vehicles, net	6,362,989	4,737,047
Deposit on vehicles		164,080
Other assets	200,000	200,000
TOTAL ASSETS	7,261,846	7,203,182
Current Liabilities:
Accounts payable (including $526,076 and $394,183 to related party)	1,334,521	545,254
Accrued expenses (including $0 and $171,665 to related party)	365,793	405,977
Notes payables, current (net of discount of $12,383 and $32,289)	500,059	287,378
Finance lease obligations, current	1,640,899	1,416,446
Total current liabilities	3,841,272	2,655,055
Note payable, net of current portion	149,900
Finance lease obligations, net of current portion	1,458,486	984,119
TOTAL LIABILITIES	5,449,658	3,639,174
Commitments and contingencies
STOCKHOLDERS' DEFICIT
Preferred stock, $0.000001 par value; 10,000,000 shares authorized; nil shares issued and outstanding
Common stock, $0.000001 par value; 90,000,000 shares authorized; 31,981,374 and 29,427,803 shares issued and outstanding	32	29
Additional paid-in capital	29,468,133	28,735,894
Accumulated deficit	(27,655,977)	(25,171,915)
Total stockholders' deficit	1,812,188	3,564,008
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 7,261,846	$ 7,203,182

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Accounts payable related party	$ 526,076	$ 394,183
Accrued expenses related party	0	171,665
Net of debt discount, current	$ 12,383	$ 32,289
Preferred stock, par value	$ 0.000001	$ 0.000001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value	$ 0.000001	$ 0.000001
Common stock, shares authorized	90,000,000	90,000,000
Common stock, shares issued	31,981,374	29,427,803
Common stock, shares outstanding	31,981,374	29,427,803

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Statement [Abstract]
Revenue	$ 1,580,555	$ 1,696,917	$ 3,328,197	$ 3,475,518
Cost of revenue	1,295,059	962,071	2,696,350	2,044,241
Gross profit	285,496	734,846	631,847	1,431,277
Operating expenses:
Selling and marketing expenses	79,133	20,868	210,642	102,606
General and administrative expenses	861,410	675,628	2,757,616	1,460,811
Loss on the settlement of debt		12,900		252,900
Total operating expenses	940,543	709,396	2,968,258	1,816,317
Loss from operations	(655,047)	25,450	(2,336,411)	(385,040)
Other income (expense):
Interest and financing costs	(67,795)	(442,902)	(147,651)	(611,875)
Total other income (expense)	(67,795)	(442,902)	(147,651)	(611,875)
Net loss	$ (722,842)	$ (417,452)	$ (2,484,062)	$ (996,915)
Weighted average shares outstanding :
Basic	31,064,184	26,798,865	30,245,994	26,760,318
Diluted	31,064,184	26,798,865	30,245,994	26,760,318
Loss per share
Basic	$ (0.02)	$ (0.02)	$ (0.08)	$ (0.04)
Diluted	$ (0.02)	$ (0.02)	$ (0.08)	$ (0.04)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders' Equity (Deficit) (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Total
Balance at Dec. 31, 2018	$ 27	$ 19,193,151	$ (21,241,694)	$ (2,048,516)
Balance, shares at Dec. 31, 2018	26,718,676
Issuance of common stock for settlement of debt		640,000		640,000
Issuance of common stock for settlement of debt, shares	80,000
Net loss			(579,463)	(579,463)
Balance at Mar. 31, 2019	$ 27	19,833,151	(21,821,157)	(1,987,979)
Balance, shares at Mar. 31, 2019	26,798,676
Balance at Dec. 31, 2018	$ 27	19,193,151	(21,241,694)	(2,048,516)
Balance, shares at Dec. 31, 2018	26,718,676
Net loss				(996,915)
Balance at Jun. 30, 2019	$ 27	19,867,551	(22,238,609)	(2,371,031)
Balance, shares at Jun. 30, 2019	26,802,976
Balance at Mar. 31, 2019	$ 27	19,833,151	(21,821,157)	(1,987,979)
Balance, shares at Mar. 31, 2019	26,798,676
Issuance of common stock for settlement of debt		34,400		34,400
Issuance of common stock for settlement of debt, shares	4,300
Net loss			(417,452)	(417,452)
Balance at Jun. 30, 2019	$ 27	19,867,551	(22,238,609)	(2,371,031)
Balance, shares at Jun. 30, 2019	26,802,976
Balance at Dec. 31, 2019	$ 29	28,735,894	(25,171,915)	3,564,008
Balance, shares at Dec. 31, 2019	29,427,803
Stock option expense		457,242		457,242
Net loss			(1,761,220)	(1,761,220)
Balance at Mar. 31, 2020	$ 29	29,193,136	(26,933,135)	2,260,030
Balance, shares at Mar. 31, 2020	29,427,803
Balance at Dec. 31, 2019	$ 29	28,735,894	(25,171,915)	3,564,008
Balance, shares at Dec. 31, 2019	29,427,803
Net loss				(2,484,062)
Balance at Jun. 30, 2020	$ 32	29,468,133	(27,655,977)	1,812,188
Balance, shares at Jun. 30, 2020	31,981,374
Balance at Mar. 31, 2020	$ 29	29,193,136	(26,933,135)	2,260,030
Balance, shares at Mar. 31, 2020	29,427,803
Issuance of common stock for cash	$ 3	274,997		275,000
Issuance of common stock for cash, shares	2,553,571
Net loss			(722,842)	(722,842)
Balance at Jun. 30, 2020	$ 32	$ 29,468,133	$ (27,655,977)	$ 1,812,188
Balance, shares at Jun. 30, 2020	31,981,374

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (2,484,062)	$ (996,915)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	669,367	514,402
Stock option expense	457,242
Common stock issued for services
Amortization of debt discounts	19,906	19,797
Loss on the settlement of debt		252,900
Changes in operating assets and liabilities:
Accounts receivable	15,769	(65,115)
Prepaid expenses	233,496	(36,697)
Accounts payable	789,267	(214,585)
Accrued expenses	(40,184)	465,843
Net cash used in operating activities	(339,199)	(60,370)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from notes payable	342,675	1,051,300
Proceeds from sale of common stock	275,000
Proceeds from advance from related party	150,000
Repayment of advance from related party	(150,000)
Repayment of notes payable		(508,394)
Repayment of finance lease obligations	(1,431,665)	(725,599)
Net cash provided by (used in) financing activities	(813,990)	(182,693)
NET INCREASE (DECREASE) IN CASH	(1,153,189)	(243,063)
CASH, BEGINNING OF PERIOD	1,256,429	277,444
CASH, END OF PERIOD	103,240	34,381
CASH PAID FOR:
Interest	127,745	564,961
Income taxes
SUPPLEMENTAL NON-CASH INVESTING AND FINANCING ACTIVITIES
Payment of accounts payable/accrued expenses with common stock		421,500
Value of equity recorded as debt discounts
Finance lease obligations	$ 2,246,285	$ 510,136

Organization and Basis of Prese

Organization and Basis of Presentation	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Basis of Presentation	Note 1 - Organization and Basis of Presentation Organization and Line of Business YayYo, Inc. (“YayYo” or the “Company”) was incorporated on June 21, 2016 under the laws of the state of Delaware originally as a limited liability company and subsequently changed to a C corporation. The accompanying financial statements are retroactively restated to present the Company as a C corporation from June 21, 2016. The Company rents cars to Uber and Lyft drivers. Basis of Presentation The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America (GAAP). Risk and Uncertainties In December 2019, a novel strain of coronavirus surfaced in China, which has and is continuing to spread throughout the world, including the United States. On January 30, 2020, the World Health Organization declared the outbreak of the coronavirus disease (COVID-19) a “Public Health Emergency of International Concern,” and on March 11, 2020, the World Health Organization characterized the outbreak as a “pandemic”. The governors of New York, California and several other states, as well as mayors on many cities, have ordered their residents to cease traveling to non-essential jobs and to curtail all unnecessary travel, and to stay in their homes as much as possible in the coming weeks, as the nation confronts the escalating coronavirus outbreak, and similar restrictions have been recommended by the federal authorities and authorities in many other states and cities. Since the beginning of 2020 and the spread of COVID-19, rideshare companies have increasingly been negatively impacted. As Americans practice social distancing and self-isolation, Uber, Lyft, and other rideshare companies have seen a steep decline in ridership and revenue, as a result. Given that rideshare drivers are both at risk themselves and of risk to the public, and in addition to decreased demand overall, less people are even still driving. The Company has seen a decline in revenue during the first half of 2020 which is having a negative impact on the cash flows of the business, but saw a positive upward movement in revenue the latter part of the second quarter ended June 30, 2020. The Company has seen increased demand from drivers wanting to rent cars for ridesharing purposes and new drivers renting cars for both rideshare and delivery gig economy. With the recent increase in the number of positive COVID-19 cases, the Company is not able to predict the ultimate impact that COVID -19 will have on its business. If another lockdown were to occur, the Company could be forced to significantly scale back its business operations and its growth plans, and could ultimately have a significant negative impact on the Company. The Company cannot at this time estimate the long term effect of this unprecedented situation on the rideshare market or delivery gig economy in general or the Company in particular. Interim financial statements The unaudited interim financial statements included herein, presented in accordance with United States generally accepted accounting principles and stated in US dollars, have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and footnote disclosure normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosure are adequate to make the information presented not misleading. These statements reflect all adjustment, consisting of normal recurring adjustments, which, in the opinion of management, are necessary for fair presentation of the information contained therein. It is suggested that these interim financial statements be read in conjunction with the financial statements of the Company for the six months ended June 30, 2019 and notes thereto. The Company follows the same accounting policies in the preparation of interim report. Results of operations for the interim period are not indicative of annual results.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 – Summary of Significant Accounting Policies Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, Distinct Cars, LLC, RideShare Car Rentals, LLC, RideYayYo, LLC and Savy, LLC. All significant intercompany transactions and balances have been eliminated. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. It is possible that accounting estimates and assumptions may be material to the Company due to the levels of subjectivity and judgment involved. Cash Equivalents For the purpose of the statement of cash flows, cash equivalents include time deposits, certificate of deposits, and all highly liquid debt instruments with original maturities of three months or less. Equipment and Rental Vehicles Equipment and Rental Vehicles are stated at cost. Expenditures for maintenance and repairs are charged to earnings as incurred; additions, renewals and betterments are capitalized. When equipment is retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the respective accounts, and any gain or loss is included in operations. Depreciation of equipment and rental vehicles is provided using the straight-line method for substantially all assets with estimated lives as follows: Computer equipment 5 years Vehicles 5 years Long-Lived Assets The Company applies the provisions of ASC Topic 360, Property, Plant, and Equipment Revenue Recognition The Company recognizes revenue from renting its fleet of cars to Uber and Lyft drivers. Revenue is recognized based on the rental agreements which are generally on a weekly basis. The Company recognizes revenue in accordance with FASB ASC 606, Revenue From Contracts with Customers Income Taxes The Company accounts for income taxes in accordance with ASC Topic 740, Income Taxes Under ASC 740, a tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. The adoption had no effect on the Company’s consolidated financial statements. Stock-Based Compensation The Company records stock-based compensation in accordance with FASB ASC Topic 718, Compensation – Stock Compensation Basic and Diluted Earnings Per Share Earnings per share is calculated in accordance with ASC Topic 260, Earnings Per Share Advertising Costs The Company expenses the cost of advertising as incurred. Advertising costs for the six months ended June 30, 2020 and 2019 were $210,642 and $102,606, respectively. Fair Value Measurements The Company applies the provisions of ASC 820-10, “Fair Value Measurements and Disclosures.” ● Level 1 inputs to the valuation methodology are quoted prices for identical assets or liabilities in active markets. ● Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. ● Level 3 inputs to the valuation methodology are unobservable and significant to the fair value measurement. For certain financial instruments, the carrying amounts reported in the balance sheets for cash and current liabilities, including convertible notes payable, each qualify as financial instruments and are a reasonable estimate of their fair values because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest. At June 30, 2020 and December 31, 2019, the Company did not identify any liabilities that are required to be presented on the balance sheet at fair value. Recent Accounting Pronouncements In June 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) ASU 2018-07, Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers In December 2019, the FASB issued ASU 2019-12, Simplifying the Accounting for Income Taxes Income Taxes Management does not believe that any recently issued, but not yet effective, accounting standards could have a material effect on the accompanying financial statements. As new accounting pronouncements are issued, we will adopt those that are applicable under the circumstances.

Equipment

Equipment	6 Months Ended
	Jun. 30, 2020
Property, Plant and Equipment [Abstract]
Equipment	Note 3 – Equipment At June 30, 2020 and December 31, 2019 equipment consisted of the following: June 30, December 31, 2020 2019 Computer equipment $ 6,046 $ 6,046 6,046 6,046 Less accumulated depreciation (3,395 ) (2,651 ) Equipment, net $ 2,651 $ 3,395 Depreciation expense for equipment for the six months ended June 30, 2020 and 2019 was $744 and $158, respectively.

Rental Vehicles

Rental Vehicles	6 Months Ended
	Jun. 30, 2020
Rental Vehicles
Rental Vehicles	Note 4 – Rental Vehicles At June 30, 2020 and December 31, 2019, all of the Company’s rental vehicles consisted of the following: June 30, December 31, 2020 2019 Rental vehicles $ 8,468,168 $ 6,284,211 8,468,168 6,284,211 Less accumulated depreciation (2,105,179 ) (1,547,164 ) Rental vehicles, net $ 6,362,989 $ 4,737,047 The Company’s leased assets, consisting of vehicles, are depreciated over their estimated useful life of five years. Depreciation expense for leased assets for the six months ended June 30, 2020 and 2019 was $668,623 and $514,244, respectively. The lease terms are generally for 30 to 36 months and the Company has the right to purchase the leased assets at the end of the lease terms for generally a nominal amount.

Notes Payable

Notes Payable	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Notes Payable	Note 5 – Notes Payable Notes payable at June 30, 2020 and December 31, 2019 consisted of the following: June 30, December 31, 2020 2019 Notes payable to individual investors; accrue interest at 8% per annum; principal payments equal to 1/12 of original balance plus interest due quarterly; due from dates ranging from August 9, 2020 to March 26, 2021; unsecured (A) $ 319,667 319,667 Note payable to the Small Business Administration. The note bears interest at 3.75% per annum, requires monthly payments of $731 after 12 months from funding and is due 30 years from the date of issuance. 149,900 - Note payable issued under the Paycheck Protection Program of the Coronavirus Aid, Relief and Economic Security (“CARES”) Act. The loan has terms of 24 months and accrues interest at 1% per annum. The Company expects some or all of this loan to be forgiven as provided for in the CARES Act. 192,775 - Total notes payable 662,342 319,667 Unamortized debt discount (12,383 ) (32,289 ) Notes payable, net discount 649,959 287,378 Less current portion (649,959 ) (287,378 ) Long-term portion $ - $ - (A) In connection with the issuance of these notes payable in 2018 and 2017, the Company also issued an aggregate of 24,050 shares of its common stock to these note holders as additional incentive to make the loans. The aggregate relative fair value of these shares of common stock was $119,875 and was recorded as a discount on the note payable and as additional paid in capital. The discount of $119,875 is being amortized over the term of the notes payable. During the six months ended June 30, 2020 and 2019, $19,906 and $19,797, respectively, was charged to interest expense as amortization of the discounts, with an unamortized balance of $12,383 at June 30, 2020. A rollforward of notes payable from December 31, 2019 to June 30, 2020 is below: Notes payable, December 31, 2019 $ 287,378 Issued for cash 342,675 Amortization of debt discounts 19,906 Notes payable, June 30, 2020 $ 649,959

Lease Obligations

Lease Obligations	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Lease Obligations	Note 6 – Lease Obligations Lease obligations at June 30, 2020 and December 31, 2019 consisted of the following: June 30, December 31, 2020 2019 Lease obligations $ 3,099,385 $ 2,400,565 Less current portion (1,640,899 ) (1,416,446 ) Long-term portion $ 1,458,486 $ 984,119 A rollforward of lease obligations from December 31, 2019 to June 30, 2020 is below: Lease obligations, December 31, 2019 $ 2,400,565 New lease obligations 2,246,285 Disposal of leased vehicles (115,800 ) Payments on lease obligations (1,431,665 ) Lease obligations, June 30, 2020 $ 3,099,385 Future payments under lease obligations are as follows: Twelve months ending June 30, 2021 $ 1,807,191 2022 860,581 2023 693,016 Total payments 3,360,788 Amount representing interest (261,403 ) Lease obligation, net $ 3,099,385

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Stockholders' Equity	Note 7 – Stockholders’ Equity The Company authorized 100,000,000 shares of capital stock with consists of 90,000,000 shares of common stock, $0.000001 par value per share and 10,000,000 shares of preferred stock, $0.000001 par value per share. Stock Options The following is a summary of stock option activity: Weighted Weighted Average Average Remaining Aggregate Options Exercise Contractual Intrinsic Outstanding Price Life Value Outstanding, December 31, 2019 300,000 $ 8.00 1.00 $ - Granted 1,500,000 4.00 Forfeited (1,084,000 ) 4.00 Exercised - Outstanding, June 30, 2020 716,000 $ 5.68 1.68 $ - Exercisable, June 30, 2020 716,000 $ 5.68 1.68 $ - The exercise price for options outstanding and exercisable at June 30, 2020: Outstanding Exercisable Number of Exercise Number of Exercise Options Price Options Price 416,000 $ 4.00 416,000 $ 4.00 300,000 8.00 300,000 8.00 716,000 716,000 10 The following is a summary of warrant activity: Weighted Weighted Average Average Remaining Aggregate Warrants Exercise Contractual Intrinsic Outstanding Price Life Value Outstanding, December 31, 2019 1,631,250 $ 4.08 3.38 $ - Granted - Forfeited - Exercised - Outstanding, June 30, 2020 1,631,250 $ 4.08 2.88 $ - Exercisable, June 30, 2020 1,631,250 $ 4.08 2.88 $ - The exercise price for warrants outstanding at June 30, 2020: Outstanding and Exerciseable Number of Exercise Warrants Price 1,500,000 $ 4.00 131,250 5.00 1,631,250

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2020
Related Party Transactions [Abstract]
Related Party Transactions	Note 8 – Related Party Transactions During the six months ended June 30, 2020 and 2019, the Company paid management fees of $0 and $120,000, respectively, to a company that is owned by the Company’s Chief Executive Officer and director. Beginning on February 1, 2019, the Company entered into a consulting agreement with this individual and paid $167,000 under the consulting agreement. The consulting agreement was terminated effective September 1, 2019. Also during the six months ended June 30, 2020, the Company’s CEO and director advanced the Company $150,000 and the Company repaid the amount in full. At June 30, 2020, $0 was owed to the Company’s CEO and director related to this advance. During the six months ended June 30, 2020 and 2019, the Company expensed $32,173 and $53,507, respectively, in advertising expenses from a company whose CEO was also a former director of the Company. At June 30, 2020 and December 31, 2019, $324,920 and $394,183, respectively, was owed to this company and is included in accounts payable in the accompanying consolidated balance sheets. During the six months ended June 30, 2020 and 2019, the Company expensed $1,103,460 and $1,024,907, respectively, in insurance expense related to insuring the Company fleet of vehicles from an insurance brokerage firm whose owner is also a stockholder of the Company. At June 30, 2020 and December 31, 2019, $201,156 and $171,665, respectively, was owed to this insurance brokerage from and is included in accounts payable and accrued expenses in the accompanying consolidated balance sheets.

Contingencies

Contingencies	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Note 9 - Contingencies Legal Proceedings From time to time, the Company may become involved in lawsuits and other legal proceedings that arise in the course of business. Litigation is subject to inherent uncertainties, and it is not possible to predict the outcome of litigation with total confidence. The Company is currently not aware of any legal proceedings or potential claims against it whose outcome would be likely, individually or in the aggregate, to have a material adverse effect on the Company’s business, financial condition, operating results, or cash flows. Social Reality Inc. v. YayYo, Inc. This action was filed on February 11, 2020, in the Superior Court of the State of California for the County of Los Angeles. Plaintiff Social Reality Inc. is a media company that claims to have provided media services to the Company. Plaintiff has sued the Company for breach of contract and related causes of action, arising from its claims that the Company has failed to pay for past outstanding invoices for services rendered. The plaintiff has also filed a motion for prejudgment attachment which was heard on July 28, 2020. The Superior Court denied the writ of attachment on the merits. The parties have a case management conference scheduled for August 18, 2020. The Company believes that it has valid defenses to the lawsuit, and expects to file counterclaims that will offset or negate any monies owed to plaintiff; it will vigorously defend the lawsuit. Anthony Davis v. YayYo, Inc., and Ramy El-Batrawi This action was filed on March 5, 2020, in the Superior Court of the State of California for the County of Los Angeles. Plaintiff Anthony Davis was hired by the Company as its Chief Executive Officer in or about December 2016, although he worked there for only a matter of months. Mr. El-Batrawi is the founder of the Company and our current Chief Executive Officer and director, and was involved, the complaint alleges, in Plaintiff’s hiring. As part of his compensation, Mr. Davis claims that he expected to receive stock options in the Company. He has alleged that “after several months of unsuccessfully attempting to persuade the Company’s founder to implement certain protocols and procedures” Davis resigned from his executive officer and director positions, and entered into a written settlement agreement with the Company as a consultant. Mr. Davis claims that the Company breached its agreement to award him certain stock options and includes a claim for wage and hour violations. The lawsuit also includes a request for declaratory and injunctive relief. Davis also included a claim under California Unfair Practices Act. The Company denies liability and asserts that it has paid Davis all amounts due to him under the contract, and that Davis failed to exercise his stock options before they expired on December 31, 2018. It intends to vigorously defend the lawsuit, and has agreed to pursue mediation pursuant to the contract with plaintiff. Ivan Rung v. YayYo, Inc., Ramy El-Batrawi, et al., 20STCV27876 This action was filed on July 22, 2020, in the Superior Court of the State of California for the County of Los Angeles. Plaintiff Ivan Rung claims to have purchased the Company’s stock and purports to bring a securities class action on behalf of all purchasers of YayYo’s stock pursuant to the Registration Statement and Prospectus issued in connection with YayYo’s November 14, 2019 initial public stock offering (IPO”). Mr. El-Batrawi is the founder and current CEO of the Company but at the time of the IPO was only a shareholder of the Company having stepped down as CEO, Director and a controlling shareholder of the Company. The complaint is vague about alleged misrepresentation and material omissions, detailing instead a supposed chronology of events leading to the Company’s voluntary decision to delist its stock from NASDAQ, a decision the Company announced in an 8K filed on February10, 2020. The Company denies liability and asserts that it accurately and completely disclosed all materially adverse facts and occurrences in its Registration Statement, related public filings and other public statements, and the Complaint’s alleged violations of Sections 11 & 15 of the Securities Act of 1933 are baseless. It intends to vigorously defend the lawsuit. Michael Vanbecelaere v. YayYo, Inc., Ramy El-Batrawi, et al., 20STCV28066 This action was filed on July 23, 2020, in the Superior Court of the State of California for the County of Los Angeles, also as a purported class action. Plaintiff Michael Vanbecelaere claims to have purchased the Company’s stock “traceable to the IPO” and like Rung, brings a securities class action pursuant to Sections 11 & 15 of the Securities Act of 1933 on behalf of all purchasers of YayYo’s stock. The complaint like the preceding action, Ivan Rung v. YayYo, Inc., Ramy El-Batrawi, et al., 20STCV27876 (“Rung”) alleges false statements and material omission pursuant to the Registration Statement and Prospectus issued in connection with YayYo’s November 14, 201 9 initial public stock offering (IPO). The defendants are identical to the defendants in the action filed the day before, on July 22, 2020. The two complaints are virtual cookie cutter versions of each other including a false allegation of fact about YayYo that appears in an identical paragraph 13: “On or about June 21, 2016, defendant EI-Batrawi incorporated YayYo in Delaware. The Company then rented cars to Uber and Lyft drivers.” (The business model of YayYo was different on June 21, 2016.) As with the Rung case, the Company denies liability and asserts that it accurately and completely disclosed all materially adverse facts, events and occurrences in its Registration Statement and related public filings, and the Complaint’s alleged violations of Sections 11 & 15 of the Securities Act of 1933 are baseless. The actions will be “low numbered” to the same Superior Court judge and consolidated. The Company intends to vigorously defend the lawsuit.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	Note 10 – Subsequent Events In July 2020, the Company issued a total of 2,505,000 stock options to officers, directors and employees. Included in the total options issued were: 1,000,000 to the CEO; 750,000 to the COO; 250,000 to the CFO and 5,000 each to four independent directors. In July 2020, the Company entered into a new employment agreement with Laurie DiGiovanni, the Company’s COO for an annual salary of $200,000 plus 750,000 stock options that become fully vested over three years.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, Distinct Cars, LLC, RideShare Car Rentals, LLC, RideYayYo, LLC and Savy, LLC. All significant intercompany transactions and balances have been eliminated.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. It is possible that accounting estimates and assumptions may be material to the Company due to the levels of subjectivity and judgment involved.
Cash Equivalents	Cash Equivalents For the purpose of the statement of cash flows, cash equivalents include time deposits, certificate of deposits, and all highly liquid debt instruments with original maturities of three months or less.
Equipment and Rental Vehicles	Equipment and Rental Vehicles Equipment and Rental Vehicles are stated at cost. Expenditures for maintenance and repairs are charged to earnings as incurred; additions, renewals and betterments are capitalized. When equipment is retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the respective accounts, and any gain or loss is included in operations. Depreciation of equipment and rental vehicles is provided using the straight-line method for substantially all assets with estimated lives as follows: Computer equipment 5 years Vehicles 5 years
Long-Lived Assets	Long-Lived Assets The Company applies the provisions of ASC Topic 360, Property, Plant, and Equipment
Revenue Recognition	Revenue Recognition The Company recognizes revenue from renting its fleet of cars to Uber and Lyft drivers. Revenue is recognized based on the rental agreements which are generally on a weekly basis. The Company recognizes revenue in accordance with FASB ASC 606, Revenue From Contracts with Customers
Income Taxes	Income Taxes The Company accounts for income taxes in accordance with ASC Topic 740, Income Taxes Under ASC 740, a tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. The adoption had no effect on the Company’s consolidated financial statements.
Stock-Based Compensation	Stock-Based Compensation The Company records stock-based compensation in accordance with FASB ASC Topic 718, Compensation – Stock Compensation
Basic and Diluted Earnings Per Share	Basic and Diluted Earnings Per Share Earnings per share is calculated in accordance with ASC Topic 260, Earnings Per Share
Advertising Costs	Advertising Costs The Company expenses the cost of advertising as incurred. Advertising costs for the six months ended June 30, 2020 and 2019 were $210,642 and $102,606, respectively.
Fair Value Measurements	Fair Value Measurements The Company applies the provisions of ASC 820-10, “Fair Value Measurements and Disclosures.” ● Level 1 inputs to the valuation methodology are quoted prices for identical assets or liabilities in active markets. ● Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. ● Level 3 inputs to the valuation methodology are unobservable and significant to the fair value measurement. For certain financial instruments, the carrying amounts reported in the balance sheets for cash and current liabilities, including convertible notes payable, each qualify as financial instruments and are a reasonable estimate of their fair values because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest. At June 30, 2020 and December 31, 2019, the Company did not identify any liabilities that are required to be presented on the balance sheet at fair value.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In June 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) ASU 2018-07, Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Schedule of Estimated Lives of Equipment	Depreciation of equipment and rental vehicles is provided using the straight-line method for substantially all assets with estimated lives as follows: Computer equipment 5 years Vehicles 5 years

Equipment (Tables)

Equipment (Tables)	6 Months Ended
	Jun. 30, 2020
Property, Plant and Equipment [Abstract]
Schedule of Equipment	At June 30, 2020 and December 31, 2019 equipment consisted of the following: June 30, December 31, 2020 2019 Computer equipment $ 6,046 $ 6,046 6,046 6,046 Less accumulated depreciation (3,395 ) (2,651 ) Equipment, net $ 2,651 $ 3,395

Rental Vehicles (Tables)

Rental Vehicles (Tables)	6 Months Ended
	Jun. 30, 2020
Rental Vehicles
Schedule of Rental Vehicles	At June 30, 2020 and December 31, 2019, all of the Company’s rental vehicles consisted of the following: June 30, December 31, 2020 2019 Rental vehicles $ 8,468,168 $ 6,284,211 8,468,168 6,284,211 Less accumulated depreciation (2,105,179 ) (1,547,164 ) Rental vehicles, net $ 6,362,989 $ 4,737,047

Notes Payable (Tables)

Notes Payable (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Schedule of Notes Payable	Notes payable at June 30, 2020 and December 31, 2019 consisted of the following: June 30, December 31, 2020 2019 Notes payable to individual investors; accrue interest at 8% per annum; principal payments equal to 1/12 of original balance plus interest due quarterly; due from dates ranging from August 9, 2020 to March 26, 2021; unsecured (A) $ 319,667 319,667 Note payable to the Small Business Administration. The note bears interest at 3.75% per annum, requires monthly payments of $731 after 12 months from funding and is due 30 years from the date of issuance. 149,900 - Note payable issued under the Paycheck Protection Program of the Coronavirus Aid, Relief and Economic Security (“CARES”) Act. The loan has terms of 24 months and accrues interest at 1% per annum. The Company expects some or all of this loan to be forgiven as provided for in the CARES Act. 192,775 - Total notes payable 662,342 319,667 Unamortized debt discount (12,383 ) (32,289 ) Notes payable, net discount 649,959 287,378 Less current portion (649,959 ) (287,378 ) Long-term portion $ - $ - (A) In connection with the issuance of these notes payable in 2018 and 2017, the Company also issued an aggregate of 24,050 shares of its common stock to these note holders as additional incentive to make the loans. The aggregate relative fair value of these shares of common stock was $119,875 and was recorded as a discount on the note payable and as additional paid in capital. The discount of $119,875 is being amortized over the term of the notes payable. During the six months ended June 30, 2020 and 2019, $19,906 and $19,797, respectively, was charged to interest expense as amortization of the discounts, with an unamortized balance of $12,383 at June 30, 2020.
Schedule of Outstanding Notes Payable	A rollforward of notes payable from December 31, 2019 to June 30, 2020 is below: Notes payable, December 31, 2019 $ 287,378 Issued for cash 342,675 Amortization of debt discounts 19,906 Notes payable, June 30, 2020 $ 649,959

Lease Obligations (Tables)

Lease Obligations (Tables)	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Schedule of Lease Obligations	Lease obligations at June 30, 2020 and December 31, 2019 consisted of the following: June 30, December 31, 2020 2019 Lease obligations $ 3,099,385 $ 2,400,565 Less current portion (1,640,899 ) (1,416,446 ) Long-term portion $ 1,458,486 $ 984,119
Schedule of Outstanding Lease Obligations	A rollforward of lease obligations from December 31, 2019 to June 30, 2020 is below: Lease obligations, December 31, 2019 $ 2,400,565 New lease obligations 2,246,285 Disposal of leased vehicles (115,800 ) Payments on lease obligations (1,431,665 ) Lease obligations, June 30, 2020 $ 3,099,385
Schedule of Future Lease Obligations	Future payments under lease obligations are as follows: Twelve months ending June 30, 2021 $ 1,807,191 2022 860,581 2023 693,016 Total payments 3,360,788 Amount representing interest (261,403 ) Lease obligation, net $ 3,099,385

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Summary of Stock Option Activity	The following is a summary of stock option activity: Weighted Weighted Average Average Remaining Aggregate Options Exercise Contractual Intrinsic Outstanding Price Life Value Outstanding, December 31, 2019 300,000 $ 8.00 1.00 $ - Granted 1,500,000 4.00 Forfeited (1,084,000 ) 4.00 Exercised - Outstanding, June 30, 2020 716,000 $ 5.68 1.68 $ - Exercisable, June 30, 2020 716,000 $ 5.68 1.68 $ -
Schedule of Options Outstanding by Exercise Price Range	The exercise price for options outstanding and exercisable at June 30, 2020: Outstanding Exercisable Number of Exercise Number of Exercise Options Price Options Price 416,000 $ 4.00 416,000 $ 4.00 300,000 8.00 300,000 8.00 716,000 716,000
Summary of Warrant Activity	The following is a summary of warrant activity: Weighted Weighted Average Average Remaining Aggregate Warrants Exercise Contractual Intrinsic Outstanding Price Life Value Outstanding, December 31, 2019 1,631,250 $ 4.08 3.38 $ - Granted - Forfeited - Exercised - Outstanding, June 30, 2020 1,631,250 $ 4.08 2.88 $ - Exercisable, June 30, 2020 1,631,250 $ 4.08 2.88 $ -
Schedule of Warrants Outstanding by Exercise Price Range	The exercise price for warrants outstanding at June 30, 2020: Outstanding and Exerciseable Number of Exercise Warrants Price 1,500,000 $ 4.00 131,250 5.00 1,631,250

Organization and Basis of Pre_2

Organization and Basis of Presentation (Details Narrative)	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Date of incorporation	Jun. 21, 2016
Place of incorporation	DE

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Number of stock options shares outstanding	716,000		300,000
Potentially dilutive securities outstanding	2,347,250
Advertising costs	$ 210,642	$ 102,606
Warrant [Member]
Number of stock options shares outstanding	1,631,250
Options [Member]
Number of stock options shares outstanding	716,000

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of Estimated Lives of Equipment (Details)	6 Months Ended
	Jun. 30, 2020
Computer Equipment [Member]
Estimated lives	5 years
Rental Vehicles [Member]
Estimated lives	5 years

Equipment (Details Narrative)

Equipment (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Depreciation expense	$ 668,623	$ 514,244
Equipment [Member]
Depreciation expense	$ 744	$ 158

Equipment - Schedule of Equipme

Equipment - Schedule of Equipment (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Equipment, gross	$ 6,046	$ 6,046
Less accumulated depreciation	(3,395)	(2,651)
Equipment, net	2,651	3,395
Computer Equipment [Member]
Equipment, gross	$ 6,046	$ 6,046

Rental Vehicles (Details Narrat

Rental Vehicles (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Depreciation expense for leased assets	$ 668,623	$ 514,244
Minimum [Member]
Finance lease term	30 months
Maximum [Member]
Finance lease term	36 months
Rental Vehicles [Member]
Estimated useful life	5 years

Rental Vehicles - Schedule of R

Rental Vehicles - Schedule of Rental Vehicles (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Rental Vehicles, gross	$ 8,468,168	$ 6,284,211
Less accumulated depreciation	(2,105,179)	(1,547,164)
Rental Vehicles, net	6,362,989	4,737,047
Rental Vehicles [Member]
Rental Vehicles, gross	$ 8,468,168	$ 6,284,211

Notes Payable - Schedule of Not

Notes Payable - Schedule of Notes Payable (Details) - USD ($)		Jun. 30, 2020	Dec. 31, 2019
Total notes payable		$ 662,342	$ 662,342
Unamortized debt discount		(12,383)	(32,289)
Notes payable, net discount		649,959	287,378
Less current portion		(500,059)	(287,378)
Long-term portion		149,900
Notes Payable One [Member]
Total notes payable	[1]	319,667	319,667
Notes Payable Two [Member]
Total notes payable		149,900
Notes Payable Three [Member]
Total notes payable			$ 192,775
[1]	In connection with the issuance of these notes payable in 2018 and 2017, the Company also issued an aggregate of 24,050 shares of its common stock to these note holders as additional incentive to make the loans. The aggregate relative fair value of these shares of common stock was $119,875 and was recorded as a discount on the note payable and as additional paid in capital. The discount of $119,875 is being amortized over the term of the notes payable. During the six months ended June 30, 2020 and 2019, $19,906 and $19,797, respectively, was charged to interest expense as amortization of the discounts, with an unamortized balance of $12,383 at June 30, 2020.

Notes Payable - Schedule of N_2

Notes Payable - Schedule of Notes Payable (Details) (Parenthetical) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Amortization of debt discounts	$ 19,906	$ 19,797
Unsecured Note Payable To Individual Investors [Member]
Debt instrument interest rate	8.00%		8.00%
Debt instrument payment terms	Principal payments equal to 1/12 of original balance plus interest due quarterly		Principal payments equal to 1/12 of original balance plus interest due quarterly.
Debt instrument maturity date, description	Due from dates ranging from August 9, 2020 to March 26, 2021		Due from dates ranging from August 9, 2020 to March 26, 2021.
Shares issued during period as incentive for loans				24,050	24,050
Shares issued during period as incentive for loans, value recorded as discount				$ 119,875	$ 119,875
Amortization of debt discounts				$ 119,875	$ 119,875
Interest expense	$ 19,906	$ 19,797
Unamortized debt discount	$ 12,383
Unsecured Note Payable To Individual Investors [Member] | Minimum [Member]
Debt instrument maturity date	Aug. 9, 2020		Aug. 9, 2020
Unsecured Note Payable To Individual Investors [Member] | Maximum [Member]
Debt instrument maturity date	Mar. 26, 2021		Mar. 26, 2021
Note payable to the Small Business Administration [Member]
Debt instrument interest rate	3.75%
Paycheck Protection Program [Member]
Debt instrument interest rate	1.00%
Debt instrument payment terms	The loan has terms of 24 months
Debt instrument maturity date, description	The Company expects some or all of this loan to be forgiven as provided for in the CARES Act.
Note payable to the Small Business Administration [Member]
Debt instrument payment terms	Requires monthly payments of $731 after 12 months from funding		Requires monthly payments of $731 after 12 months from funding
Debt instrument maturity date, description	Due 30 years from the date of issuance.		Due 30 years from the date of issuance.

Notes Payable - Schedule of Out

Notes Payable - Schedule of Outstanding Notes Payable (Details) - USD ($)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Debt Disclosure [Abstract]
Notes payable, beginning of the period	$ 287,378
Issued for cash	342,675	$ 1,051,300
Amortization of debt discounts	19,906	$ 19,797
Notes payable, end of the period	$ 649,959

Lease Obligations - Schedule of

Lease Obligations - Schedule of Lease Obligations (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Leases [Abstract]
Lease obligations	$ 3,099,385	$ 2,400,565
Less current portion	(1,640,899)	(1,416,446)
Long-term portion	$ 1,458,486	$ 984,119

Lease Obligations - Schedule _2

Lease Obligations - Schedule of Outstanding Lease Obligations (Details)	6 Months Ended
	Jun. 30, 2020USD ($)
Leases [Abstract]
Lease obligations, beginning balance	$ 2,400,565
New lease obligations	2,246,285
Disposal of leased vehicles	(115,800)
Payments on lease obligations	(1,431,665)
Lease obligations, ending balance	$ 3,099,385

Lease Obligations - Schedule _3

Lease Obligations - Schedule of Future Lease Obligations (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Leases [Abstract]
2021	$ 1,807,191
2022	860,581
2023	693,016
Total payments	3,360,788
(261403)	(261,403)
Lease obligation, net	$ 3,099,385	$ 2,400,565

Stockholders' Equity (Details N

Stockholders' Equity (Details Narrative) - $ / shares	Jun. 30, 2020	Dec. 31, 2019
Equity [Abstract]
Capital stock shares authorized	100,000,000
Common stock shares authorized	90,000,000	90,000,000
Common stock par value	$ 0.000001	$ 0.000001
Preferred stock shares authorized	10,000,000	10,000,000
Preferred stock par value	$ 0.000001	$ 0.000001

Stockholders' Equity - Summary

Stockholders' Equity - Summary of Stock Option Activity (Details)	6 Months Ended
	Jun. 30, 2020USD ($)$ / sharesshares
Equity [Abstract]
Number of Shares Options Outstanding, Beginning Balance | shares	300,000
Number of Options, Granted | shares	1,500,000
Number of Options, Forfeited | shares	(1,084,000)
Number of Options, Exercised | shares
Number of Shares Options Outstanding, Ending Balance | shares	716,000
Number of Shares Options, Exercisable | shares	716,000
Weighted Average Exercise Price Outstanding, Beginning Balance | $ / shares	$ 8
Weighted Average Exercise Price, Granted | $ / shares	4
Weighted Average Exercise Price, Forfeited | $ / shares	4
Weighted Average Exercise Price, Exercised | $ / shares
Weighted Average Exercise Price Outstanding, Ending Balance | $ / shares	5.68
Weighted Average Exercise Price, Exercisable Ending Balance | $ / shares	$ 5.68
Weighted Average Remaining Contractual Life Outstanding, Beginning	1 year
Weighted Average Remaining Contractual Life Outstanding, Ending	1 year 8 months 5 days
Weighted Average Remaining Contractual Life, Exercisable	1 year 8 months 5 days
Aggregate Intrinsic Value Outstanding, Beginning Balance | $
Aggregate Intrinsic Value Outstanding, Ending Balance | $
Aggregate Intrinsic Value Outstanding, Exercisable Ending | $

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of Options Outstanding by Exercise Price Range (Details)	Jun. 30, 2020$ / sharesshares
Number of Options Outstanding	716,000
Number of Options Exercisable	716,000
Exercise Price Range One [Member]
Number of Options Outstanding	416,000
Exercise Price Outstanding | $ / shares	$ 4
Number of Options Exercisable	416,000
Exercise Price Exercisable | $ / shares	$ 4
Exercise Price Range Two [Member]
Number of Options Outstanding	300,000
Exercise Price Outstanding | $ / shares	$ 8
Number of Options Exercisable	300,000
Exercise Price Exercisable | $ / shares	$ 8

Stockholders' Equity - Summar_2

Stockholders' Equity - Summary of Warrant Activity (Details)	6 Months Ended
	Jun. 30, 2020USD ($)$ / sharesshares
Equity [Abstract]
Number of Shares, Warrants Outstanding Beginning | shares	1,631,250
Number of Shares, Warrants Granted | shares
Number of Shares, Warrants Forfeited | shares
Number of Shares, Warrants Exercised | shares
Number of Shares, Warrants Outstanding Ending | shares	1,631,250
Number of Shares, Warrants Exercisable Ending | shares	1,631,250
Weighted Average Exercise Price, Warrants Outstanding Beginning | $ / shares	$ 4.08
Weighted Average Exercise Price, Warrants Granted | $ / shares
Weighted Average Exercise Price, Warrants Forfeited | $ / shares
Weighted Average Exercise Price, Warrants Exercised | $ / shares
Weighted Average Exercise Price, Warrants Outstanding Ending | $ / shares	4.08
Weighted Average Exercise Price, Per Share Exercisable | $ / shares	$ 4.08
Weighted Average Remaining Contractual Life, Warrants Outstanding Beginning	3 years 4 months 17 days
Weighted Average Remaining Contractual Life, Warrants Outstanding Ending	2 years 10 months 17 days
Weighted Average Remaining Contractual Life, Warrants Exercisable	2 years 10 months 17 days
Aggregate Intrinsic Value, Warrants Outstanding Beginning | $
Aggregate Intrinsic Value, Warrants Outstanding Ending | $
Aggregate Intrinsic Value, Exercisable | $

Stockholders' Equity - Schedu_2

Stockholders' Equity - Schedule of Warrants Outstanding by Exercise Price Range (Details)	Jun. 30, 2020$ / sharesshares
Number of Warrants Outstanding and Exercisable	1,631,250
Exercise Price Range One [Member]
Number of Warrants Outstanding and Exercisable	1,500,000
Exercise Price Outstanding and Exercisable | $ / shares	$ 4
Exercise Price Range Two [Member]
Number of Warrants Outstanding and Exercisable	131,250
Exercise Price Outstanding and Exercisable | $ / shares	$ 5

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Repayment from related party	$ 150,000
Advertising expenses	210,642	102,606
Accounts payable to related party	324,920		$ 394,183
Owed insurance brokerage	201,156		$ 171,665
Chief Executive Officer and Director [Member]
Paid management fees	0	120,000
Paid for consulting agreement amount	167,000
Repayment from related party	150,000
Due to related party	0
Advertising expenses	32,173	53,507
Insurance expenses paid during period	$ 1,103,460	$ 1,024,907

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - Subsequent Event [Member]	Jul. 31, 2020USD ($)shares
Officers, Directors and Employees [Member]
Number of common stock issued, shares	2,505,000
Chief Executive Officer [Member]
Number of common stock issued, shares	1,000,000
Chief Operating Officer [Member]
Number of common stock issued, shares	750,000
Chief Operating Officer [Member] | New Employment Agreement [Member]
Annual salary | $	$ 200,000
Stock option fully vested	750,000
Vesting period	3 years
Chief Financial Officer [Member]
Number of common stock issued, shares	250,000
Four Independent Directors [Member]
Number of common stock issued, shares	5,000