Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Jun. 30, 2020 | Aug. 06, 2020 | |
Details | ||
Registrant CIK | 0001730732 | |
Fiscal Year End | --12-31 | |
Registrant Name | LIVE INC. | |
SEC Form | 10-Q | |
Period End date | Jun. 30, 2020 | |
Tax Identification Number (TIN) | 81-4128534 | |
Number of common stock shares outstanding | 7,515,000 | |
Filer Category | Non-accelerated Filer | |
Current with reporting | Yes | |
Interactive Data Current | Yes | |
Shell Company | false | |
Small Business | true | |
Emerging Growth Company | true | |
Ex Transition Period | false | |
Entity File Number | 333-230070 | |
Entity Incorporation, State or Country Code | CA | |
Entity Address, Address Line One | 7702 E Doubletree Ranch Road | |
Entity Address, Address Line Two | Unit 300 | |
Entity Address, City or Town | Scottsdale | |
Entity Address, State or Province | AZ | |
Entity Address, Postal Zip Code | 85258 | |
Country Region | 480 | |
City Area Code | 289 | |
Local Phone Number | 9018 | |
Amendment Flag | false | |
Document Fiscal Year Focus | 2020 | |
Document Fiscal Period Focus | Q2 | |
Document Quarterly Report | true | |
Document Transition Report | false |
BALANCE SHEETS
BALANCE SHEETS - USD ($) | Jun. 30, 2020 | Dec. 31, 2019 |
Current assets: | ||
Cash | $ 286,112 | $ 370,255 |
Prepaid expenses | 5,431 | 561 |
Total Current Assets | 291,543 | 370,816 |
Software development costs | 66,000 | 42,000 |
ASSETS | 357,543 | 412,816 |
Current liabilities: | ||
Accounts payable | 97,606 | 76,945 |
Accrued Interest - related party | 110,782 | 70,894 |
Note payable - related party | 420,500 | 420,500 |
Accrued officer compensation - related party | 768,861 | 693,862 |
Total Liabilities | 1,397,749 | 1,262,201 |
Stockholders' Deficit: | ||
Common stock, $0.0001 par value; 10,000,000,000 shares authorized, 7,515,000 and 7,400,000 shares issued and outstanding, respectively | 803 | 791 |
Additional paid-in capital | 429,893 | 417,200 |
Common stock to be issued | 112,200 | 97,336 |
Treasury Stock | (50) | (50) |
Accumulated deficit | (1,583,052) | (1,364,662) |
Total Stockholders' Deficit | (1,040,206) | (849,385) |
Total Liabilities and Stockholders' Deficit | $ 357,543 | $ 412,816 |
BALANCE SHEETS - Parenthetical
BALANCE SHEETS - Parenthetical - $ / shares | Jun. 30, 2020 | Dec. 31, 2019 |
Details | ||
Common Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 |
Common Stock, Shares Authorized | 10,000,000,000 | 10,000,000,000 |
Common Stock, Shares, Issued | 7,515,000 | 7,400,000 |
Common Stock, Shares, Outstanding | 7,515,000 | 7,400,000 |
STATEMENTS OF OPERATIONS
STATEMENTS OF OPERATIONS - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Operating Expenses: | ||||
Officer compensation - related party | $ 51,250 | $ 46,250 | $ 88,750 | $ 78,750 |
General & administrative expenses | 40,982 | 9,150 | 90,526 | 57,629 |
Total operating expenses | 92,232 | 55,400 | 179,276 | 136,379 |
Loss from operations | (92,232) | (55,400) | (179,276) | (136,379) |
Other income (expense): | ||||
Interest expense | (20,433) | (5,162) | (39,888) | (10,094) |
Interest income | 249 | 1,009 | 774 | 1,352 |
Total other expense | (20,184) | (4,153) | (39,114) | (8,742) |
Loss before income taxes | (112,416) | (59,553) | (218,390) | (145,121) |
Provision for income taxes | 0 | 0 | 0 | 0 |
Net loss | $ (112,416) | $ (59,553) | $ (218,390) | $ (145,121) |
Loss per share, basic and diluted | $ (0.02) | $ (0.01) | $ (0.03) | $ (0.02) |
Weighted average shares, basic and diluted | 7,515,000 | 7,400,000 | 7,493,288 | 7,400,000 |
STATEMENTS OF SHAREHOLDERS' EQU
STATEMENTS OF SHAREHOLDERS' EQUITY (DEFICIT) - USD ($) | Common Stock | Additional Paid-in Capital | Receivables from Stockholder | Treasury Stock | AOCI Attributable to Parent | Total |
Stockholders' Equity Attributable to Parent, Beginning Balance at Dec. 31, 2018 | $ 791 | $ 417,200 | $ 64,845 | $ (50) | $ (1,016,549) | $ (533,763) |
Shares, Outstanding, Beginning Balance at Dec. 31, 2018 | 7,400,000 | |||||
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture | $ 0 | 0 | 6,875 | 0 | 0 | 6,875 |
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture | 0 | |||||
Stock Issued During Period, Value, Issued for Services | $ 0 | 0 | 1,017 | 0 | 0 | 1,017 |
Stock Issued During Period, Shares, Issued for Services | 0 | |||||
Net loss | $ 0 | 0 | 0 | (85,568) | (85,568) | |
Stockholders' Equity Attributable to Parent, Ending Balance at Mar. 31, 2019 | $ 791 | 417,200 | 72,737 | (50) | (1,102,117) | (611,439) |
Shares, Outstanding, Ending Balance at Mar. 31, 2019 | 7,400,000 | |||||
Stockholders' Equity Attributable to Parent, Beginning Balance at Dec. 31, 2018 | $ 791 | 417,200 | 64,845 | (50) | (1,016,549) | (533,763) |
Shares, Outstanding, Beginning Balance at Dec. 31, 2018 | 7,400,000 | |||||
Net loss | (145,121) | |||||
Stockholders' Equity Attributable to Parent, Ending Balance at Jun. 30, 2019 | $ 791 | 417,200 | 80,629 | (50) | (1,161,670) | (663,100) |
Shares, Outstanding, Ending Balance at Jun. 30, 2019 | 7,400,000 | |||||
Stockholders' Equity Attributable to Parent, Beginning Balance at Mar. 31, 2019 | $ 791 | 417,200 | 72,737 | (50) | (1,102,117) | (611,439) |
Shares, Outstanding, Beginning Balance at Mar. 31, 2019 | 7,400,000 | |||||
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture | $ 0 | 0 | 6,875 | 0 | 0 | 6,875 |
Stock Issued During Period, Value, Issued for Services | 0 | 0 | 1,017 | 0 | 0 | 1,017 |
Net loss | 0 | 0 | 0 | (59,553) | (59,553) | |
Stockholders' Equity Attributable to Parent, Ending Balance at Jun. 30, 2019 | $ 791 | 417,200 | 80,629 | (50) | (1,161,670) | (663,100) |
Shares, Outstanding, Ending Balance at Jun. 30, 2019 | 7,400,000 | |||||
Stockholders' Equity Attributable to Parent, Beginning Balance at Dec. 31, 2019 | $ 791 | 417,200 | 97,336 | (50) | (1,364,662) | (849,385) |
Shares, Outstanding, Beginning Balance at Dec. 31, 2019 | 7,400,000 | |||||
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture | $ 12 | 12,693 | 5,954 | 0 | 0 | 18,659 |
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture | 115,500 | |||||
Stock Issued During Period, Value, Issued for Services | $ 0 | 0 | 1,017 | 0 | 0 | 1,017 |
Stock Issued During Period, Shares, Issued for Services | 0 | |||||
Net loss | $ 0 | 0 | 0 | (105,974) | (105,974) | |
Stockholders' Equity Attributable to Parent, Ending Balance at Mar. 31, 2020 | $ 803 | 429,893 | 104,307 | (50) | (1,470,636) | (935,683) |
Shares, Outstanding, Ending Balance at Mar. 31, 2020 | 7,515,500 | |||||
Stockholders' Equity Attributable to Parent, Beginning Balance at Dec. 31, 2019 | $ 791 | 417,200 | 97,336 | (50) | (1,364,662) | (849,385) |
Shares, Outstanding, Beginning Balance at Dec. 31, 2019 | 7,400,000 | |||||
Net loss | (218,390) | |||||
Stockholders' Equity Attributable to Parent, Ending Balance at Jun. 30, 2020 | $ 803 | 429,893 | 112,200 | (50) | (1,583,052) | (1,040,206) |
Shares, Outstanding, Ending Balance at Jun. 30, 2020 | 7,515,500 | |||||
Stockholders' Equity Attributable to Parent, Beginning Balance at Mar. 31, 2020 | $ 803 | 429,893 | 104,307 | (50) | (1,470,636) | (935,683) |
Shares, Outstanding, Beginning Balance at Mar. 31, 2020 | 7,515,500 | |||||
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture | $ 0 | 0 | 6,875 | 0 | 0 | 6,875 |
Stock Issued During Period, Value, Issued for Services | 0 | 0 | 1,018 | 0 | 0 | 1,018 |
Net loss | 0 | 0 | 0 | (112,416) | (112,416) | |
Stockholders' Equity Attributable to Parent, Ending Balance at Jun. 30, 2020 | $ 803 | $ 429,893 | $ 112,200 | $ (50) | $ (1,583,052) | $ (1,040,206) |
Shares, Outstanding, Ending Balance at Jun. 30, 2020 | 7,515,500 |
STATEMENTS OF CASH FLOWS
STATEMENTS OF CASH FLOWS - USD ($) | 6 Months Ended | |
Jun. 30, 2020 | Jun. 30, 2019 | |
Cash flows from operating activities: | ||
Net loss | $ (218,390) | $ (145,121) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Stock based compensation - related party | 13,750 | 13,750 |
Stock based compensation | 13,819 | 2,034 |
Changes in assets and liabilities: | ||
Prepaid expenses | (4,870) | (1,786) |
Accounts payable | 20,660 | 25,033 |
Accrued interest - related party | 39,888 | 10,094 |
Accrued compensation- related party | 75,000 | 65,000 |
Net cash used in operating activities | (60,143) | (30,996) |
Cash flows from investing activities: | ||
Software development | (24,000) | (18,000) |
Net cash used in investing activities | (24,000) | (18,000) |
Cash flows from financing activities: | ||
Proceeds from a related party | 0 | 160,000 |
Net cash provided by financing activities | 0 | 160,000 |
Net (decrease) increase in cash | (84,143) | 111,004 |
Cash, beginning of period | 370,255 | 256,407 |
Cash, end of period | 286,112 | 367,411 |
Supplemental Disclosures: | ||
Interest paid | 0 | 0 |
Income taxes paid | $ 0 | $ 0 |
NOTE 1 - ORGANIZATION AND BUSIN
NOTE 1 - ORGANIZATION AND BUSINESS OPERATIONS | 6 Months Ended |
Jun. 30, 2020 | |
Notes | |
NOTE 1 - ORGANIZATION AND BUSINESS OPERATIONS | NOTE 1 ORGANIZATION AND BUSINESS OPERATIONS Nature of Business Live, Inc. (the Company), formerly known as Taluhu Inc. was organized on September 6, 2016, under the laws of the State of California. On September 29, 2016 the Company changed its name from Taluhu Inc. to Live Inc. We are cloud based broadcasting network and operate three online platforms which are; www.Talguu.com, an entertainment platform, www.Trabahanap.com www.MangerSpecial |
NOTE 2 - SUMMARY OF SIGNIFICANT
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 6 Months Ended |
Jun. 30, 2019 | |
Notes | |
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation The Companys unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). The accompanying unaudited condensed financial statements reflect all adjustments, consisting of only normal recurring items, which, in the opinion of management, are necessary for a fair statement of the results of operations for the periods shown and are not necessarily indicative of the results to be expected for the full year ending December 31, 2020. These unaudited condensed financial statements should be read in conjunction with the financial statements and related notes for the year ended December 31, 2019. Use of estimates 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 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. Significant estimates include the estimated useful lives of property and equipment. Actual results could differ from those estimates. Reclassifications Certain reclassifications have been made to the prior period financial information to conform to the presentation used in the financial statements for the three and six months ended June 30, 2020 and 2019. Recently issued accounting pronouncements The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
NOTE 3 - SOFTWARE DEVELOPMENT
NOTE 3 - SOFTWARE DEVELOPMENT | 6 Months Ended |
Jun. 30, 2020 | |
Notes | |
NOTE 3 - SOFTWARE DEVELOPMENT | NOTE 3 SOFTWARE DEVELOPMENT Per ASC 985-20 expenses in the development of the software are expensed until technological feasibility has been reached and costs are determined to be recoverable. At this point additional expenses are capitalized. Capitalization ends, and amortization begins when the product is available for general release to customers. As of June 30, 2020 and December 31, 2019, the Company has $66,000 and $42,000, respectively, of capitalized software development costs. |
NOTE 4 - GOING CONCERN
NOTE 4 - GOING CONCERN | 6 Months Ended |
Jun. 30, 2020 | |
Notes | |
NOTE 4 - GOING CONCERN | NOTE 4 - GOING CONCERN The accompanying unaudited 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 an accumulated deficit of $1,583,052 as of June 30, 2020, had a net loss of $218,390 and net cash used in operating activities of $60,143 and a stockholders deficit of $1,040,206 for the six months ended June 30, 2020. The Companys ability to raise additional capital through the future issuances of common stock and/or debt financing is unknown. The obtainment of additional financing, the successful development of the Companys 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, among others, raise substantial doubt about the Companys ability to continue as a going concern. The financial statements of the Company do not include any adjustments that may result from the outcome of these aforementioned uncertainties. The Company has developed and is managing three cloud based platforms as part of our overall business plan. In order for us to fully implement our business plan, we will use our available cash of approximately $286,000 as of June 30, 2020 and we will need approximately $1,352,000 in public or private financing from the sale of our common stock for a total of $1,649,000 in required funds. These funds will enable us to fully develop and market our 3 platforms for the next 12 months. Impact of COVID-19 on Our Business. In March 2020, the World Health Organization declared the novel coronavirus (COVID-19) a global pandemic and recommended containment and mitigation measures worldwide. The spread of COVID-19 has affected segments of the global economy and may affect our operations, including the potential interruption of our supply chain. We are monitoring this situation closely, and although operations have not been materially affected by the COVID-19 outbreak to date, the ultimate duration and severity of the outbreak and its impact on the economic environment and our business is uncertain. The extent to which COVID-19 impacts our operations will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the duration of the outbreak, new information which may emerge concerning the severity of COVID-19 and the actions to contain the coronavirus or treat its impact, among others. In particular, the continued spread of the coronavirus globally could adversely impact our operations, including among others, our manufacturing and supply chain, sales and marketing and could have an adverse impact on our business and our financial results. The COVID-19 outbreak is a widespread health crisis that has adversely affected the economies and financial markets of many countries, resulting in an economic downturn that could affect demand for our products and likely impact our operating results. |
NOTE 5- RELATED-PARTY
NOTE 5- RELATED-PARTY | 6 Months Ended |
Jun. 30, 2020 | |
Notes | |
NOTE 5- RELATED-PARTY | NOTE 5 - RELATED PARTY On July 31, 2017, the Company executed a promissory note with Keith Wong, CEO for $200,000. The note originally accrued interest at a rate of 10% per annum and is due on demand. The note was amended, effective November 1, 2019, in order to change the interest rate to compounded interest at 4% per quarter. As of June 30, 2020, there is $73,856 of accrued interest on this note. On June 21, 2019, the Company executed a promissory note with Keith Wong, CEO, for $160,000. The loan is unsecured, accrues interest at 4% per quarter, compounded quarterly, and is due on demand. As of June 30, 2020, there is $28,000 of accrued interest on this note. On August 16, 2019, the Company executed a promissory note with Keith Wong, CEO, for $60,000. The loan is unsecured, accrues interest at 4% per quarter, compounded quarterly, and is due on demand. As of June 30 In addition to the above loans, Mr. Wong advanced the Company $500 to open a bank account in the Companys name in the Philippines. The loan is unsecured, accrues interest at 4% per quarter, compounded quarterly, and is due on demand. As of June 30 The Company and Mr. Keith Wong entered into a Consulting Agreement dated September 1, 2016, as amended on January 23, 2018 and March 2, 2018. The original agreement was amended by the parties on March 2, 2018 and Mr. Wongs annual compensation was revised to $150,000. Payment of the cash compensation will accrue and be payable upon the earlier of; a Nasdaq listing or an aggregate of at least 51% ownership of the Company is beneficially controlled by parties other than the current management (as of March 2, 2018). In addition, he is entitled to receive 1,000,000 shares of common stock which will vest over four years (or monthly at the rate of 20,833 shares per month). The term of the agreement is four years and either party may terminate the agreement by delivering notice to the other party. As of June 30 During the six months ended June 30 June 30 On December 5, 2019, Wonder International Education & Investment Group Corporation, an Arizona corporation (Wonder), entered into a consulting agreement with the Company pursuant to which Wonder received 115,500 shares of common stock of the Company in exchange for certain consulting services to be performed by Wonder. As part of that agreement, the Company agreed, at its own expense, to file a Form S-1 registration statement with the Securities and Exchange Commission (Commission). Upon effectiveness of the registration statement, the 115,500 shares of common stock presently held by Wonder will be distributed to its shareholders on a ratable basis. Mr. Wong is the majority shareholder of Wonder and will receive 77,000 shares out of the total of 115,500 shares (or 66.67% of the shares) issued under the stated agreement. The stated shares were issued to Wonder on February 4, 2020. On February 11, 2020, the Company filed the referenced Form S-1 registration statement with the Commission, which was declared effective on April 23, 2020. Pursuant to the terms of the Wonder consulting agreement dated December 5, 2019, the Company granted 115,500 shares of common stock for services. The shares were valued at $0.11 per share for total non-cash expense of $12,705. The expense is being recognized over the term of the one-year contract. |
NOTE 6 - COMMON STOCK
NOTE 6 - COMMON STOCK | 6 Months Ended |
Jun. 30, 2020 | |
Notes | |
NOTE 6 - COMMON STOCK | NOTE 6 COMMON STOCK Pursuant to the terms of a consulting agreement dated November 1, 2018, the Company granted 74,000 shares of common stock for services. The shares vest equally over twenty-four months. During the six months ended June 30 June 30 Refer to Note 5 for related party equity transactions. |
NOTE 7 - SUBSEQUENT EVENTS
NOTE 7 - SUBSEQUENT EVENTS | 6 Months Ended |
Jun. 30, 2020 | |
Notes | |
NOTE 7 - SUBSEQUENT EVENTS | NOTE 7 - SUBSEQUENT EVENTS In accordance with SFAS 165 (ASC 855-10) management has performed an evaluation of subsequent events through the date that the financial statements were issued and has determined that it does not have any material subsequent events to disclose in these financial statements. |
NOTE 2 - SUMMARY OF SIGNIFICA_2
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Basis of Presentation (Policies) | 6 Months Ended |
Jun. 30, 2020 | |
Policies | |
Basis of Presentation | Basis of presentation The Companys unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). The accompanying unaudited condensed financial statements reflect all adjustments, consisting of only normal recurring items, which, in the opinion of management, are necessary for a fair statement of the results of operations for the periods shown and are not necessarily indicative of the results to be expected for the full year ending December 31, 2020. These unaudited condensed financial statements should be read in conjunction with the financial statements and related notes for the year ended December 31, 2019. |
NOTE 2 - SUMMARY OF SIGNIFICA_3
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Use of Estimates (Policies) | 6 Months Ended |
Jun. 30, 2020 | |
Policies | |
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 that 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. Significant estimates include the estimated useful lives of property and equipment. Actual results could differ from those estimates. |
NOTE 2 - SUMMARY OF SIGNIFICA_4
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Reclassifications (Policies) | 6 Months Ended |
Jun. 30, 2020 | |
Policies | |
Reclassifications | Reclassifications Certain reclassifications have been made to the prior period financial information to conform to the presentation used in the financial statements for the three and six months ended June 30, 2020 and 2019. |
NOTE 2 - SUMMARY OF SIGNIFICA_5
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Recently Issued Accounting Pronouncements (Policies) | 6 Months Ended |
Jun. 30, 2020 | |
Policies | |
Recently Issued Accounting Pronouncements | Recently issued accounting pronouncements The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
NOTE 3 - SOFTWARE DEVELOPMENT (
NOTE 3 - SOFTWARE DEVELOPMENT (Details) - USD ($) | Jun. 30, 2020 | Dec. 31, 2019 |
Details | ||
Software development costs | $ 66,000 | $ 42,000 |
NOTE 4 - GOING CONCERN (Details
NOTE 4 - GOING CONCERN (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||||||
Jun. 30, 2020 | Mar. 31, 2020 | Jun. 30, 2019 | Mar. 31, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | Dec. 31, 2019 | Dec. 31, 2018 | |
Details | ||||||||
Accumulated deficit | $ 1,583,052 | $ 1,583,052 | $ 1,364,662 | |||||
Net loss | 112,416 | $ 105,974 | $ 59,553 | $ 85,568 | 218,390 | $ 145,121 | ||
Net cash used in operating activities | 60,143 | 30,996 | ||||||
Total Stockholders' Deficit | $ 1,040,206 | $ 935,683 | $ 663,100 | $ 611,439 | $ 1,040,206 | $ 663,100 | $ 849,385 | $ 533,763 |
Substantial Doubt about Going Concern, Management's Evaluation | In order for us to fully implement our business plan, we will use our available cash of approximately $286,000 as of June 30, 2020 and we will need approximately $1,352,000 in public or private financing from the sale of our common stock for a total of $1,649,000 in required funds. |
NOTE 5- RELATED-PARTY (Details)
NOTE 5- RELATED-PARTY (Details) - USD ($) | Dec. 05, 2019 | Jun. 30, 2020 | Mar. 31, 2020 | Jun. 30, 2019 | Mar. 31, 2019 | Jun. 30, 2020 | Dec. 31, 2019 | Aug. 16, 2019 | Jul. 31, 2019 | Jun. 21, 2019 | Aug. 16, 2017 | Jul. 31, 2017 | Jun. 21, 2017 |
Accrued officer compensation - related party | $ 768,861 | $ 768,861 | $ 693,862 | ||||||||||
Stock Issued During Period, Value, Issued for Services | $ 1,018 | $ 1,017 | $ 1,017 | $ 1,017 | |||||||||
Share Price | $ 0.11 | $ 0.11 | |||||||||||
Share value granted | $ 0.11 | ||||||||||||
Note 4 | Interest | |||||||||||||
Long-term Debt, Gross | $ 73,856 | $ 73,856 | |||||||||||
Note 5 | Interest | |||||||||||||
Long-term Debt, Gross | 28,000 | 28,000 | |||||||||||
Note 6 | Interest | |||||||||||||
Long-term Debt, Gross | 8,842 | 8,842 | |||||||||||
Note 7 | Interest | |||||||||||||
Long-term Debt, Gross | 84 | 84 | |||||||||||
CEO | |||||||||||||
Salary and Wage, Excluding Cost of Good and Service Sold | $ 150,000 | ||||||||||||
Terms of Cash Compensation | Payment of the cash compensation will accrue and be payable upon the earlier of; a Nasdaq listing or an aggregate of at least 51% ownership of the Company is beneficially controlled by parties other than the current management (as of March 2, 2018). | ||||||||||||
Accrued officer compensation - related party | 768,861 | $ 768,861 | $ 693,862 | ||||||||||
Stock Issued During Period, Shares, Issued for Services | 125,000 | ||||||||||||
Stock Issued During Period, Value, Issued for Services | $ 13,750 | ||||||||||||
CEO | Note 4 | |||||||||||||
Debt Instrument, Face Amount | $ 200,000 | ||||||||||||
Debt Instrument, Interest Rate, Effective Percentage | 4.00% | ||||||||||||
CEO | Note 5 | |||||||||||||
Debt Instrument, Face Amount | $ 160,000 | ||||||||||||
Debt Instrument, Interest Rate, Effective Percentage | 4.00% | ||||||||||||
CEO | Note 6 | |||||||||||||
Debt Instrument, Face Amount | $ 60,000 | ||||||||||||
Debt Instrument, Interest Rate, Effective Percentage | 4.00% | ||||||||||||
CEO | Note 7 | |||||||||||||
Debt Instrument, Face Amount | $ 500 | $ 500 | |||||||||||
Debt Instrument, Interest Rate, Effective Percentage | 4.00% | 4.00% | |||||||||||
Wonder | |||||||||||||
Stock Issued During Period, Shares, Other | 115,500 | ||||||||||||
Consulting Agreement | As part of that agreement, the Company agreed, at its own expense, to file a Form S-1 registration statement with the Securities and Exchange Commission (“Commission”). | ||||||||||||
Stock Issued During Period, Value, Other | $ 12,705 |
NOTE 6 - COMMON STOCK (Details)
NOTE 6 - COMMON STOCK (Details) - Consultant - USD ($) | 6 Months Ended | |
Jun. 30, 2020 | Nov. 01, 2018 | |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 74,000 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | 18,498 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value | $ 2,035 |