| Summary of Significant Accounting Policies | Note 2 – Summary of significant accounting policies 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. Software Development Costs Costs incurred to develop computer software
products to be sold or otherwise marketed are charged to expense until technological feasibility of the product has been established.
Once technological feasibility has been established, computer software development costs (consisting primarily of internal labor
costs) are capitalized and reported at the lower of amortized cost or estimated realizable value. Purchased software development
cost is capitalized and recorded at its estimated fair market value. When a product is ready for general release, its capitalized
costs are amortized on a product-by-product basis. The annual amortization is the greater of the amounts of: the ratio
that current gross revenues for a product bear to the total of current and anticipated future gross revenues for that product and,
the straight-line method over the remaining estimated economic life (a period of three to ten years) of the product including
the period being reported on. Revenue Recognition Adoption of ASU 2014-09 Initial Adoption The Company applied the modified
retrospective approach to all contracts when adopting ASC 606. The adoption of ASC 606 did not have a material impact on
the results of operations for the three and nine months ended September 30, 2018, and the Company does not expect it to have
a material impact on its results of operations for the remainder of 2018 and on a prospective basis. The Company accounts for delivered
elements in accordance with the selling price when arrangements include multiple product components or other elements and vendor-specific
objective evidence exists for the value of all undelivered elements. Revenues on undelivered elements are recognized once delivery
is complete. In those instances, in which arrangements
include significant customization, contractual milestones, acceptance criteria or other contingencies, the Company accounts for
the arrangements using contract accounting, as follows:
· when customer acceptance can be estimated,
but reliable estimated costs to complete cannot be determined, expenditures are capitalized as work-in process and deferred until
completion of the contract at which time the costs and revenues are recognized.
· when customer acceptance cannot be estimated
based on historical evidence, costs are expensed as incurred and revenue is recognized at the completion of the contract when customer
acceptance is obtained. The Company records amounts collected
from customers in excess of recognizable revenue as deferred revenue in the accompanying balance sheets. Revenues for maintenance
agreements, software support, online services and information products are recognized ratably over the term of the service agreement. The Company recognizes revenue on
a net basis, which excludes sales tax collected from customers and remitted to governmental authorities. The Company has
had minimal revenues from two customers in three transactions as the Company was developing its technology and platform. On
November 1, 2016 the Company entered into a Licensing Agreement. The agreement grants the Licensee rights to grant
sublicenses to third parties. The license agreement calls for a one time nonrefundable fee of $10,000 and a $3,000 set up and
training fee. The license agreement also calls for a five percent (5%) royalty on further sales by licensees, but no royalty
fees have been received to date. All fees and royalty payments are to be recognized over the life of the agreement,
which terminates on December 1, 2021. The Company recognized $1,918 and $1,918 of revenue during the nine months ended
September 30, 2018 and the nine months ended September 30, 2017, respectively. As of September 30, 2018 and December 31,
2017, there was deferred revenue of $8,099 and $10,017, respectively. Interest and Penalties Policies We classify tax-related penalties and net
interest on income taxes as income tax expense. As of September 30, 2018 and September 30, 2017, no income tax expense had been
incurred. Estimates The financial statements are prepared on the
basis of accounting principles generally accepted in the United States of America. The preparation of financial statements in conformity
with generally accepted accounting principles requires management to make estimates and assumptions
that affect the reported amounts of assets and liabilities as of September 30, 2018 and December 31, 2017. Actual results could
differ from those estimates made by management. Earnings (loss) per share Basic earnings (loss) per share calculations are determined by dividing
net income (loss) by the weighted average number of shares outstanding during the year. Diluted earnings (loss) per share calculations
are determined by dividing net income (loss) by the weighted average number of shares. The Company does not have any potentially
dilutive instruments for the nine months ended September 30, 2018 and September 30, 2017 because their effect is anti-dilutive. Subsequent Event The Company evaluated subsequent events through the date
when financial statements are issued for disclosure consideration. Recent Accounting Pronouncements In January 2017, the FASB issued ASU No. 2017-04, Intangibles
– Goodwill and Other (Topic 350); Simplifying the Test for Goodwill Impairment. In July 2017, the FASB issued ASU 2017-11,
Earnings Per Share (Topic 260), Distinguishing Liabilities from Equity (Topic 480) and Derivatives and Hedging (Topic 815): I.
Accounting for Certain Financial Instruments with Down Round Features; II. Replacement of the Indefinite Deferral for Mandatorily
Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests with
a Scope Exception. Part I of this update addresses the complexity of accounting for certain financial instruments with down round
features. Down round features are features of certain equity-linked instruments (or embedded features) that result in the strike
price being reduced on the basis of the pricing of future equity offerings. Current accounting guidance creates cost and complexity
for entities that issue financial instruments (such as warrants and convertible instruments) with down round features that require
fair value measurement of the entire instrument or conversion option. Part II of this update addresses the difficulty of navigating
Topic 480, Distinguishing Liabilities from Equity, because of the existence of extensive pending content in the FASB Accounting
Standards Codification. This pending content is the result of the indefinite deferral of accounting requirements about mandatorily
redeemable financial instruments of certain nonpublic entities and certain mandatorily redeemable noncontrolling interests. The
amendments in Part II of this update do not have an accounting effect. This ASU is effective for fiscal years, and interim periods
within those years, beginning after December 15, 2018. The Company is currently assessing the potential impact of adopting ASU
2017-11 on its financial statements and related disclosures. |
