Crank Media (CRKM) 10-Q 13 Aug 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2020	Aug. 13, 2020
Document And Entity Information
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
Current Fiscal Year End Date	--12-31
Entity File Number	000-55824
Entity Registrant Name	TEAM 360 SPORTS, INC.
Entity Central Index Key	0001700357
Entity Tax Identification Number	33-1227600
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	163 Killian Rd
Entity Address, City or Town	Maple
Entity Address, State or Province	ON
Entity Address, Country	CA
Entity Address, Postal Zip Code	LGA 1A8
City Area Code	775
Local Phone Number	882-4641
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		5,131,612
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2020

Balance Sheets (Unaudited)

Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Current Assets:
Cash	$ 358	$ 214
Total Current Assets	358	214
Total Assets	358	214
Current Liabilities
Accounts payable and accrued liabilities	14,049	14,671
Deferred revenue	3,624	4,902
Due to related party	2,781	2,781
Loan payable	58,310	37,420
Convertible note, net of unamortized discount	91,240	90,545
Accrued compensation - related party		337,500
Liabilities to be settled in stock	350,000	350,000
Total Current Liabilities	520,004	837,819
Total Liabilities	520,004	837,819
STOCKHOLDERS' DEFICIT
Common stock: 100,000,000 authorized; $0.001 par value, 5,131,612 shares issued and outstanding	5,132	5,132
Additional paid in capital	1,933,100	1,345,600
Accumulated deficit	(2,457,878)	(2,188,337)
Total Stockholders' Deficit	(519,646)	(837,605)
Total Liabilities and Stockholders' Deficit	$ 358	$ 214

Balance Sheets (Unaudited) (Par

Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Common stock, par value per share	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	5,131,612	5,131,612
Common stock, shares outstanding	5,131,612	5,131,612

Statements Of Operations (Unaud

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]
Revenues	$ 640	$ 640	$ 1,279	$ 1,279
Operating expenses
Compensation expenses	125,000	112,500	250,000	225,000
General and administration expenses	5,879	8,615	17,753	15,440
Total operating expenses	130,879	121,115	267,753	240,440
Net loss from operations	(130,239)	(120,475)	(266,474)	(239,161)
Other income (expense):
Interest income (expense)	3,317	(1,388)	(3,067)	(2,562)
Total other expense	3,317	(1,388)	(3,067)	(2,562)
Net loss before taxes	(126,922)	(121,863)	(269,541)	(241,723)
Income tax benefit
Net loss	$ (126,922)	$ (121,863)	$ (269,541)	$ (241,723)
Basic and diluted loss per common share	$ (0.02)	$ (0.02)	$ (0.05)	$ (0.05)
Weighted average number of common shares outstanding, basic and diluted	5,131,612	5,131,612	5,131,612	5,131,612

Statement Of Stockholders' Defi

Statement Of Stockholders' Deficit (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid in Capital [Member]	Accumulated Deficit [Member]	Total
Balance, shares at Dec. 31, 2018	5,131,612
Balance, value at Dec. 31, 2018	$ 5,132	$ 783,100	$ (1,298,450)	$ (510,218)
Net loss for the period			(119,860)
Balance, shares at Mar. 31, 2019	5,131,612
Balance, value at Mar. 31, 2019	$ 5,132	783,100	(1,418,310)	(630,078)
Balance, shares at Dec. 31, 2018	5,131,612
Balance, value at Dec. 31, 2018	$ 5,132	783,100	(1,298,450)	(510,218)
Net loss for the period				(241,723)
Balance, shares at Jun. 30, 2019	5,131,612
Balance, value at Jun. 30, 2019	$ 5,132	1,345,600	(1,540,173)	(189,441)
Balance, shares at Mar. 31, 2019	5,131,612
Balance, value at Mar. 31, 2019	$ 5,132	783,100	(1,418,310)	(630,078)
Forgiveness of related party debt		562,500		562,500
Net loss for the period			(121,863)	(121,863)
Balance, shares at Jun. 30, 2019	5,131,612
Balance, value at Jun. 30, 2019	$ 5,132	1,345,600	(1,540,173)	$ (189,441)
Balance, shares at Dec. 31, 2019	5,131,612			5,131,612
Balance, value at Dec. 31, 2019	$ 5,132	1,345,600	(2,188,337)	$ (837,605)
Net loss for the period			(142,619)	(142,619)
Balance, shares at Mar. 31, 2020	5,131,612
Balance, value at Mar. 31, 2020	$ 5,132	1,345,600	(2,330,956)	$ (980,224)
Balance, shares at Dec. 31, 2019	5,131,612			5,131,612
Balance, value at Dec. 31, 2019	$ 5,132	1,345,600	(2,188,337)	$ (837,605)
Net loss for the period				$ (269,541)
Balance, shares at Jun. 30, 2020	5,131,612			5,131,612
Balance, value at Jun. 30, 2020	$ 5,132	1,933,100	(2,457,878)	$ (519,646)
Balance, shares at Mar. 31, 2020	5,131,612
Balance, value at Mar. 31, 2020	$ 5,132	1,345,600	(2,330,956)	(980,224)
Forgiveness of related party debt		587,500		587,500
Net loss for the period			(126,922)	$ (126,922)
Balance, shares at Jun. 30, 2020	5,131,612			5,131,612
Balance, value at Jun. 30, 2020	$ 5,132	$ 1,933,100	$ (2,457,878)	$ (519,646)

Statements Of Cash Flows (Unaud

Statements Of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash Flows from Operating Activities:
Net loss	$ (269,541)	$ (241,723)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of discount on convertible note	695
Changes in operating assets and liabilities:
Accounts payable and accrued liabilities	(622)	2,077
Accrued compensation - related party	250,000	225,000
Deferred revenue	(1,278)	(1,279)
Net Cash Used In Operating Activities	(20,746)	(15,925)
Cash Flows From Financing Activities:
Proceeds from loans	20,890	15,925
Net Cash Provided by Financing Activities	20,890	15,925
Net change in cash equivalents, and restricted cash	144
Cash, cash equivalents, and restricted cash at beginning of period	214	214
Cash, cash equivalents, and restricted cash at end of period	358	214
Supplemental Cash Flow Information:
Cash paid for interest
Cash paid for taxes
Supplemental Disclosure of Non-Cash Financing Activity
Forgiveness of related party debt	$ 587,500	$ 562,500

Organization Description Of Bus

Organization Description Of Business And Going Concern	6 Months Ended
	Jun. 30, 2020
Organization Description Of Business And Going Concern
Organization Description of Business and Going Concern	NOTE 1 – ORGANIZATION, DESCRIPTION OF BUSINESS AND GOING CONCERN Organization The Company incorporated in the State of Nevada on February 26, 2013. Effective April 4, 2016, the Company changed its name to Team 360 Sports Inc. The Company will provide amateur sports clubs, leagues and teams with easy to use robust digital administration management systems. Going Concern and Liquidity Considerations The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has had minimal revenue and has accumulated a deficit of $2,457,878 as of June 30, 2020. The Company requires capital for its contemplated operational and marketing activities. The Company’s ability to raise additional capital through the future issuances of common stock is unknown. The obtainment of additional financing, the successful development of the Company’s contemplated plan of operations, and its transition, ultimately, to the attainment of profitable operations are necessary for the Company to continue operations. These conditions and the ability to successfully resolve these factors raise substantial doubt about the Company’s ability to continue as a going concern within one year from the date these financial statements are issued. The financial statements of the Company do not include any adjustments that may result from the outcome of these uncertainties. The Company has discussed ways in order to mitigate conditions or events that may raise substantial doubt about its ability to continue as a going concern, there are no assurances that any of these measures will successfully mitigate or be effective at all. (1) The Company shall pursue financing plans to raise funds to judiciously spend towards operational expenses, (2) The Company shall continue to employ low cost measures to operate its business and analyze any unnecessary cost or expense, (3) The Company will seek to avoid unnecessary expenditures, travel, and lodging costs that are not mission critical to its business, (4) The Company shall seek to continuously maximize its assets and business licensing strategies to increase revenue as well as to gain new customers. COVID-19 A novel strain of coronavirus (COVID-19) was first identified in December 2019, and subsequently declared a global pandemic by the World Health Organization on March 11, 2020. As a result of the outbreak, many companies have experienced disruptions in their operations and in markets served. The Company has instituted some and may take additional temporary precautionary measures intended to help ensure the well-being of its managers and minimize business disruption. The Company considered the impact of COVID-19 on the assumptions and estimates used and determined that there were no material adverse impacts on the Company’s results of operations and financial position at June 30, 2020. The full extent of the future impacts of COVID-19 on the Company’s operations is uncertain. A prolonged outbreak could have a material adverse impact on financial results and business operations of the Company, including the timing and ability of the Company to obtain financing to fund the operation and to develop its business plan

Summary Of Significant Accounti

Summary Of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2020
Summary Of Significant Accounting Policies
Summary of Significant Accounting Policies	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial statements and with the instructions to Form 10-Q and Article 8 of Regulation S-X of the United States Securities and Exchange Commission (“SEC”). Accordingly, they do not contain all information and footnotes required by accounting principles generally accepted in the United States of America for annual financial statements. In the opinion of the Company’s management, the accompanying unaudited financial statements contain all the adjustments necessary (consisting only of normal recurring accruals) to present the financial position of the Company as of June 30, 2020 and the results of operations and cash flows for the periods presented. The results of operations for the period ended June 30, 2020 are not necessarily indicative of the operating results for the full fiscal year or any future period. These unaudited financial statements should be read in conjunction with the financial statements and related notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 filed with the SEC on April 15, 2020. 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 onetime nonrefundable 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, 2020 and 2019, respectively. As of June 30, 2020, and December 31, 2019, there was deferred revenue of $3,624 and $4,902, 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 each period. Diluted earnings (loss) per share calculations are determined by dividing net income (loss) by the weighted average number of shares. For the six months ended June 30, 2020, the Company had $350,000 in liabilities to settle stock and $100,164 in convertible debt and accrued interest, representing 350,000 and 20,032,804 shares of common stock not yet issued, respectively, and for the six months ended June 30, 2019, the Company had $112,500 in liabilities to be settled in stock, representing 112,500 shares of common stock not yet issued, which are potentially dilutive. Since the Company has incurred losses for all periods, the impact of the common stock equivalents would be anti- dilutive and therefore are not included in the calculation.

Loan Payable

Loan Payable	6 Months Ended
	Jun. 30, 2020
Loan Payable
Loan Payable	NOTE 3 – LOAN PAYABLE The loan payable is cash payment for settlement of vendors’ invoices on behalf of the Company, at an interest rate of 10% per annum, matures on demand. On July 6, 2019, the holder of this note demanded payment on the outstanding principle and interest of the loan in the amount of $66,240. On July 8, 2019, the holder of the note agreed to refinance the outstanding amount into a convertible note (see Note 4). During the six months ended June 30, 2020, the total of $20,890 was paid to vendors on behalf of the Company. The total outstanding balance as of June 30, 2020 and December 31, 2019 was $61,966 and $38,757, which included $58,310 and $37,420 of principal and $3,656 and $1,337 in accrued interest, respectively. For the six months ended June 30, 2020 and 2019, the Company recorded $1,242 and $2,562 of interest expense, respectively.

Convertible Note Payable

Convertible Note Payable	6 Months Ended
	Jun. 30, 2020
Convertible Note Payable
Convertible Note Payable	NOTE 4 – CONVERTIBLE NOTE PAYABLE On July 9, 2019, the Company entered into a convertible note agreement with the holder of the promissory note, whereby the holder agreed to refinance for an aggregate principal amount of $66,240 and $25,000 for administrative and consulting fees for a total note amount of $91,240. The note earns an interest rate equal to 10% per annum and matures on January 1, 2021. The Company recorded a debt discount of $25,000 as result of the original issue discount. The note is convertible at fixed rate of $0.005 of common stock. Because of the fixed nature of the conversion the Company determined that there was no beneficial conversion feature which would have qualified it for derivative accounting under ASC 815-15, “ Derivatives and Hedging For the six months ended June 30, 2020 and 2019, the Company recorded $695 and $0, respectively, in amortization of the debt discount on the note. The total outstanding balance as of June 30, 2020 and December 31, 2019, was $100,164 and $99,416, which included $8,924 and $8,871 in accrued interest and unamortized debt discount of $0 and $695, respectively. For the six months ended June 30, 2020 and 2019, the Company recorded interest expense of $1,130 and $0, respectively. For the three months ended June 30, 2020, the Company recorded a recovery on interest expense of $3,317, to reconcile accrued interest to actual.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2020
Related Party Transactions
Related Party Transactions	NOTE 5 – RELATED PARTY TRANSACTIONS On January 1, 2020, the Company amended the January 1, 2015 Executive and Consulting Agreement with Sandor Miklos, President, and member of the Board of Directors for services rendered. The amended agreement calls for annual compensation of 500,000 shares of the Company’s common stock fully earned immediately to be assigned and registered fully as at the end of the fiscal year. In 2019 the compensation was 450,000 shares annually. For the six months ended June 30, 2020, 250,000 shares valued at $1.00 per share for a total of $250,000 was accrued as compensation for Sandor Miklos. On June 30, 2020, Sandor Miklos forgave accrued stock compensation owed to him valued at $587,500, which represents the compensation for the nine months of year 2019 ($337,500) and the six months ended June 30, 2020 ($250,000). On November 20, 2018, the Company received a loan payable in the amount of $2,781 from a more than 5% shareholder for the payment of Company expenses. This loan is unsecured, non-interest bearing, and has no specific terms for repayment. As of June 30, 2020, and December 31, 2019, the Company had a loan payable of $2,781 to the same party.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	NOTE 6 – SUBSEQUENT EVENTS The Company’s management evaluated subsequent events through the date the financial statements were issued and there were no subsequent events to report.

Summary Of Significant Accoun_2

Summary Of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2020
Disclosure Summary Of Significant Accounting Policies Policies Abstract
Basis of Presentation	Basis of Presentation The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial statements and with the instructions to Form 10-Q and Article 8 of Regulation S-X of the United States Securities and Exchange Commission (“SEC”). Accordingly, they do not contain all information and footnotes required by accounting principles generally accepted in the United States of America for annual financial statements. In the opinion of the Company’s management, the accompanying unaudited financial statements contain all the adjustments necessary (consisting only of normal recurring accruals) to present the financial position of the Company as of June 30, 2020 and the results of operations and cash flows for the periods presented. The results of operations for the period ended June 30, 2020 are not necessarily indicative of the operating results for the full fiscal year or any future period. These unaudited financial statements should be read in conjunction with the financial statements and related notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 filed with the SEC on April 15, 2020.
Revenue Recognition	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 onetime nonrefundable 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, 2020 and 2019, respectively. As of June 30, 2020, and December 31, 2019, there was deferred revenue of $3,624 and $4,902, respectively.
Earnings (Loss) Per Share	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 each period. Diluted earnings (loss) per share calculations are determined by dividing net income (loss) by the weighted average number of shares. For the six months ended June 30, 2020, the Company had $350,000 in liabilities to settle stock and $100,164 in convertible debt and accrued interest, representing 350,000 and 20,032,804 shares of common stock not yet issued, respectively, and for the six months ended June 30, 2019, the Company had $112,500 in liabilities to be settled in stock, representing 112,500 shares of common stock not yet issued, which are potentially dilutive. Since the Company has incurred losses for all periods, the impact of the common stock equivalents would be anti- dilutive and therefore are not included in the calculation.

Summary Of Significant Accoun_3

Summary Of Significant Accounting Policies (Narrative) (Details) - USD ($)	Nov. 01, 2016	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Revenue		$ 640	$ 640	$ 1,279	$ 1,279
Deferred revenue		3,624		3,624		$ 4,902
Liabilities to be settled in stock		350,000		350,000		350,000
Stock Compensation [Member] | Convertible Debt and Accrued Interest [Member]
Liabilities to be settled in stock		$ 100,164		$ 100,164
Common stock subscribed but unissued		20,032,804		20,032,804
Stock Compensation [Member] | Liabiities [Member]
Liabilities to be settled in stock		$ 350,000	$ 112,500	$ 350,000	$ 112,500
Common stock subscribed but unissued		350,000	112,500	350,000	112,500
Licensing Agreement [Member]
Licensing agreement terms	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.
Revenue				$ 1,279	$ 1,279
Deferred revenue		$ 3,624		$ 3,624		$ 4,902

Loans Payable (Narrative) (Deta

Loans Payable (Narrative) (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019	Jul. 06, 2019
Short-term Debt [Line Items]
Loan payable	$ 58,310	$ 37,420
Loans Payable [Member]
Short-term Debt [Line Items]
Debt instrument interest rate	10.00%
Loan outstanding of principal portion	$ 58,310	37,420
Issuance of convertible note payable for loan payable and accrued interest	20,890
Loan payable	61,966	38,757
Accrued interest	3,656	1,337
Interest expense	$ 1,242	$ 2,562
Loan Payable Dated July 06, 2019 [Member]
Short-term Debt [Line Items]
Loan outstanding of principal portion			$ 66,240

Convertible Notes Payable (Narr

Convertible Notes Payable (Narrative) (Details) - USD ($)	Jul. 09, 2019	Jun. 30, 2020	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Short-term Debt [Line Items]
Convertible note principal amount		$ 91,240	$ 91,240		$ 90,545
Amortization of debt discount			695
Convertible Notes Agreement With The Holder Of Promissory Note Dated Jul 09, 2019 [Member]
Short-term Debt [Line Items]
Convertible note principal amount	$ 66,240
Administrative and consulting fees	25,000
Convertible note face value	$ 91,240
Convertible note interest rate	10.00%
Convertible note extended maturity date	Jan. 1, 2102
Original issue discount	$ 25,000
Convertible note conversion price	$ 0.005
Amortization of debt discount			695	0
Loan outstanding of principal portion		100,164	100,164		99,416
Accrued interest expense		8,924	8,924		8,871
Unamortized debt discount		0	0		$ 695
Interest expense		$ 3,317	$ 1,130	$ 0

Related Party Transactions (Nar

Related Party Transactions (Narrative) (Details) - USD ($)	Jan. 02, 2020	Nov. 20, 2018	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Related Party Transaction [Line Items]
Accrued stock compensation value			$ 350,000		$ 350,000		$ 350,000
Compensation expense			125,000	$ 112,500	250,000	$ 225,000
Due to related party			2,781		2,781		2,781
Executive And Consullting Agreement [Member] | Mr.Sandor Miklos, President And Member Of The Board Of Directors [Member]
Related Party Transaction [Line Items]
Accrued stock compensation value			587,500		587,500		$ 250,000
Shares accrued as compensation							250,000
Share price per share							$ 1
Compensation expense					250,000	$ 337,500
Executive And Consullting Agreement [Member] | Mr.Sandor Miklos, President And Member Of The Board Of Directors [Member] | Common Stock [Member]
Related Party Transaction [Line Items]
Executive and Consulting Agreement description	On January 1, 2020, the Company amended the January 1, 2015 Executive and Consulting Agreement with Sandor Miklos, President, and member of the Board of Directors for services rendered. The amended agreement calls for annual compensation of 500,000 shares of the Company's common stock fully earned immediately to be assigned and registered fully as at the end of the fiscal year.
Shares to be issued as annual compensation	450,000
Related Party 5% Shareholder
Related Party Transaction [Line Items]
Proceeds from related party		$ 2,781
Due to related party			$ 2,781		$ 2,781		$ 2,781
Loan description		This loan is unsecured, non-interest bearing, and has no specific terms for repayment.