| 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 The Company records revenue in
accordance with FASB Accounting Standards Codification (“ASC”) as topic 606 (“ASC 606”). The revenue recognition
standard in ASC 606 outlines a single comprehensive model for recognizing revenue as performance obligations, defined in a contract
with a customer as goods or services transferred to the customer in exchange for consideration, are satisfied. The standard also
requires expanded disclosures regarding the Company’s revenue recognition policies and significant judgments employed in
the determination of revenue. 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 setup and training services are
essential in allowing the licensee the ability to license the software to third parties. As a result, the license and set up and
training fees are not distinct from one another, and constitute a single performance obligation under the contract. Therefore,
the one time non refundable fee and the set up and training fees are being recognized over time. The Company
recognized $1,279 and $1,279 of revenue during the six months ended June 30, 2019 and 2018, respectively. As of June 30, 2019 and
December 31, 2018, there was deferred revenue of $6,181 and $7,460, respectively. 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 gives
effect to all dilutive potential common shares outstanding during the period. Dilutive cost per share excludes all potential common
shares if their effect is anti-dilutive. The Company does not have any potentially dilutive instruments for the six months ended
June 30, 2019 and June 30, 2018. Subsequent Event The Company evaluated subsequent events through the date
when financial statements are issued for disclosure consideration. Recent Accounting Pronouncements On May 15, 2019, the FASB issued ASU
2019-05, 9 which provides transition relief for entities adopting the Board’s credit losses standard, ASU 2016-13. Specifically,
ASU 2019-05 amends ASU 2016-13 to allow companies to irrevocably elect, upon adoption of ASU 2016-13, the fair value option for
financial instruments that (1) were previously recorded at amortized cost and (2) are within the scope of the credit losses guidance
in ASC 326-20, (3) are eligible for the fair value option under ASC 825-10, and (4) are not held-to-maturity debt securities.
For entities that have adopted ASU 2016-13, the amendments in ASU 2019-05 are effective for fiscal years beginning after December
15, 2019, including interim periods therein. An entity may early adopt the ASU in any interim period after its issuance if the
entity has adopted ASU 2016-13. For all other entities, the effective date will be the same as the effective date of ASU 2016-13.
The Company does not believe that this will have an impact on its financial statements. On March 21, 2019, the FASB issued
ASU 2019-03, 2 which amends the definition of the term “collections” in U.S. GAAP by aligning it with the definition
used in the Code of Ethics for Museums of the American Alliance of Museums. The amendments in the ASU “require that a collection-holding
entity disclose its policy for the use of proceeds from when collection items are deaccessioned (that is, removed from a collection).”
Next Steps: The ASU’s amendments are effective prospectively for annual financial statements issued for fiscal years beginning
after December 15, 2019, and for interim periods within fiscal years beginning after December 15, 2020. Early adoption is permitted.
The Company does not believe that this will have an impact on its financial statements. On June 20, 2018, the FASB issued ASU
2018-07,1 which simplifies the accounting for share-based payments granted to nonemployees for goods and services. Under
the ASU, most of the guidance on such payments to nonemployees would be aligned with the requirements for share-based payments
granted to employees. For public business entities (PBEs), the amendments in ASU 2018-07 are effective for fiscal years beginning
after December 15, 2018, including interim periods therein. For all other entities, the amendments are effective for fiscal years
beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. Early adoption is
permitted if financial statements have not yet been issued (for PBEs) or have not yet been made available for issuance (for all
other entities), but no earlier than an entity’s adoption date of ASC 606.2 If early adoption is elected, all amendments
in the ASU that apply must be adopted in the same period. In addition, if early adoption is elected in an interim period, any
adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. The Company does not
believe that this will have an impact on its financial statements. Recently Adopted Accounting Pronouncements In February 2016, the FASB issued an accounting
standards update for leases. The ASU introduces a lessee model that brings most leases on the balance sheet. The new standard
also aligns many of the underlying principles of the new lessor model with those in the current accounting guidance as well as
the FASB's new revenue recognition standard. However, the ASU eliminates the use of bright-line tests in determining lease classification
as required in the current guidance. The ASU also requires additional qualitative disclosures along with specific quantitative
disclosures to better enable users of financial statements to assess the amount, timing, and uncertainty of cash flows arising
from leases. The pronouncement is effective for annual reporting periods beginning after December 15, 2019, and interim periods
within fiscal years beginning after December 15, 2020, for nonpublic entities using a modified retrospective approach. We
adopted ASU 2016-02 as of January 1, 2019 using the modified retrospective method which leaves the comparative period reporting
unchanged. The adoption of this standard did not have an impact on our financial statements. |
