WOD Retail Solutions (WODI) 10-Q 19 Aug 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Jun. 30, 2014	Aug. 19, 2014
Document And Entity Information	'	'
Entity Registrant Name	'Elite Data Services, Inc.	'
Entity Central Index Key	'0000704366	'
Document Type	'10-Q	'
Document Period End Date	30-Jun-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-31	'
Is Entity a Well-known Seasoned Issuer	'No	'
Is Entity a Voluntary Filer	'No	'
Is Entity's Reporting Status Current	'Yes	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	16,179,108
Document Fiscal Period Focus	'Q2	'
Document Fiscal Year Focus	'2014	'

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2014	Dec. 31, 2013
Current Assets	'	'
Cash	$1,074	$2,884
Total Current Assets	1,074	2,884
OTHER ASSETS:	'	'
Intangible assets	589,041	'
Total Other Assets	589,041	'
Total Assets	590,115	2,884
CURRENT LIABILITIES:	'	'
Accounts payable and accrued liabilities	377,165	313,202
Loans from a related party	141,432	37,424
Line of credit payable	151,000	151,000
Contingent consideration payable	791,212	906,574
Total Current Liabilities	1,460,809	1,408,200
LONG TERM DEBT:	'	'
Note payable to related party (Note 3)	587,564	'
Total liabilities	2,048,373	1,408,200
STOCKHOLDERS' DEFICIT:	'	'
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; issued and outstanding 0 and 0, respectively	'	'
Common stock, $0.0001 par value; 50,000,000 shares authorized; issued and outstanding 16,179,108 and 150,488, respectively	1,618	15
Stock subscriptions	100,000	155,000
Additional paid-in capital	4,962,369	4,907,380
Deficit accumulated	-6,522,245	-6,467,711
Total Stockholders' Deficit	-1,458,258	-1,405,316
Total Liabilities and Stockholders' Deficit	$590,115	$2,884

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Stockholders' Deficit	'	'
Preferred stock, par value	$0.00	$0.00
Preferred stock, authorized	10,000,000	10,000,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0
Common stock, par value	$0.00	$0.00
Common stock, authorized	50,000,000	50,000,000
Common stock, issued	16,179,108	150,488
Common stock, outstanding	16,179,108	150,488

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Condensed Consolidated Statements Of Operations	'	'	'	'
Revenue	$2,214	'	$9,429	'
OPERATING EXPENSES	'	'	'	'
Consulting services (Note 3)	-5,700	20,000	32,500	70,000
Project development costs (Note 3)	2,000	'	29,000	'
General and administrative	40,444	26,284	80,614	174,204
Total Operating Expenses	36,744	46,284	142,114	244,204
LOSS FROM OPERATIONS	-34,530	-46,284	-132,685	-244,204
OTHER INCOME (EXPENSE):	'	'	'	'
Gain on extinguishment of debt	'	'	115,247	'
Interest expense - other	-5,662	-10,460	-11,325	-20,803
Interest expense - related parties	-12,853	'	-25,771	'
Other	'	'	'	-41
Total Other Income (Expense)	-18,515	-10,460	78,151	-20,844
NET LOSS	($53,045)	($56,744)	($54,534)	($265,048)
Basic and Diluted Per Share Data: Net Loss Per Share - basic and diluted	$0	($0.89)	$0	($4.18)
Weighted Average Common Shares Outstanding: Basic and diluted	16,117,460	63,468	16,093,417	63,468

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
OPERATING ACTIVITIES:	'	'
Net loss	($54,534)	($265,048)
Adjustments to reconcile net loss to net cash used by operating activities:	'	'
Gain on extinguishment of debt	-115,247	'
Warrants issued for services	'	130,000
Changes in operating assets and liabilities:	'	'
Accounts payable and accrued expenses	63,963	77,741
Income taxes payable	'	-238
Net cash used in operating activities	-105,818	-57,545
FINANCING ACTIVITIES:	'	'
Proceeds from related parties	104,008	56,953
Net cash provided by financing activities	104,008	56,953
NET DECREASE IN CASH	-1,810	-592
CASH BEGINNING OF THE YEAR	2,884	592
CASH END OF THE YEAR	1,074	'
SUPPLEMENTAL CASH FLOW INFORMATION:	'	'
Income taxes paid	'	'
Interest paid	'	'
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:	'	'
Issuance of common stock in connection with the purchase of classifiedride.com	1,400	'
Issuance of common stock in connection with the purchase of Autoglance, LLC	77	'
Issuance of common stock for conversion of debt	115,362	'
Note payable for the purchase of classifiedride.com (Note 3)	$587,564	'

DESCRIPTION_OF_BUSINESS

DESCRIPTION OF BUSINESS	6 Months Ended
	Jun. 30, 2014
Description Of Business	'
NOTE 1 - DESCRIPTION OF BUSINESS	'
	Elite Data Services, Inc. (hereinafter the “Company”, “Our”, “We” or “Us”) changed its name from Dynamic Energy Alliance Corporation on November 4, 2013. Prior to that, we were formerly Mammatech Corporation, and were incorporated in the State of Florida on November 23, 1981 under the name Mammathetics Corp.
	The Company is engaged primarily in the marketing and advertising sector pertaining to the following: www.classifiedride.com (“ClassifiedRide”) and www.autoglance.com (“Autoglance”). Launched to the public in February 2012, ClassifiedRide’s platform was designed to revolutionize the selling and buying for online automotive markets. Currently, ClassifiedRide provides a classified listing platform where users can list their vehicle, truck, boat (i.e. anything that has a motor) to the Company’s website (either by free or paid listing options). The main premise of the website is to aid the private seller in selling or trading their vehicle. The Company, in turn, then works as the community leader to establish relationships between buyers and sellers using social media platforms and consumer customer support incentives. These relationships are used to generate revenue from private sellers, dealerships, affiliate lead providers, and third party advertisers.
	Autoglance is a search engine of used cars that prioritizes and compares inventory in individualized markets by displaying the best deals first while hiding listings that are older, more expensive, and have more mileage. Autoglance currently has a provisional patent for this method of organizing and displaying vehicles. More specifically, Autoglance’s invention group’s vehicles of the same make and model in a market location to determine the best price based on the market value of the vehicle. Vehicles that are deemed worse deals are hidden from the user. The user may easily see hidden cars if he/she wishes by the click of a button.

BASIS_OF_PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2014
Basis Of Presentation	'
NOTE 2 - BASIS OF PRESENTATION	'
	The accompanying unaudited condensed consolidated financial statements of Elite Data Services, Inc.(the "Company") are presented in accordance with the requirements for Form 10-Q and Regulation S-X. Accordingly, they do not include all of the disclosures required by generally accepted accounting principles. In the opinion of management, all adjustments (all of which were of a normal recurring nature) considered necessary to fairly present the financial position, results of operations, and cash flows of the Company on a consistent basis, have been made.
	These unaudited condensed consolidated financial statements should be read in conjunction with the Company’s consolidated financial statements and notes thereto included in the Company’s Form 10-K for the fiscal year ended December 31, 2013 filed with the SEC on May 12, 2014. The Company assumes that the users of the interim financial information herein have read, or have access to, the audited consolidated financial statements for the preceding fiscal year, and that the adequacy of additional disclosure needed for a fair presentation may be determined in that context.  Accordingly, footnote disclosure, which would substantially duplicate the disclosure contained in the Company’s consolidated financial statements for the fiscal year ended December 31, 2013, has been omitted.  The results of operations for the six month period ended June 30, 2014 are not necessarily indicative of results for the entire year ending December 31, 2014.
	Going Concern
	Since inception, the Company has a cumulative net loss of $6,522,245. The Company currently has only limited working capital with which to continue its operating activities. The amount of capital required to sustain operations is subject to future events and uncertainties.  The Company must secure additional working capital through loans, sale of equity securities, or a combination, in order to implement its business plans.  There can be no assurance that such funding will be available in the future, or available on commercially reasonable terms. These conditions raise substantial doubt about the Company's ability to continue as a going concern.
	The accompanying unaudited condensed consolidated financial statements have been presented on the basis of the continuation of the Company as a going concern and do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2014
Summary Of Significant Accounting Policies	'
NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	Basis of Presentation
	The condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles and include the accounts of the Company and its subsidiaries, Dynamic Energy Development Corporation and Transformation Consulting, Inc. All intercompany balances and transactions have been eliminated.
	Use of Estimates
	Preparation of the Company's financial statements in conformity with United States GAAP requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as well as the reported amounts of revenues and expenses. Accordingly, actual results could differ from those estimates.
	Reclassifications
	Certain reclassifications have been made in Statement of Operations during the quarter ended June 30, 2014. These reclassifications impacted the classification of certain items within the Statement of Operations: relating to classification of consulting expenses and project development costs. The reclassifications had no impact on previously reported total operating expenses, net loss, or stockholders' equity.
	Valuation of Intangible Assets and Note Payable to Related Party
	The Company’s intangible asset value and note balance to a related party were reduced to the appropriate carrying value of $589,041 as of June 30, 2014. The change was done in accordance with Generally Accepted Accounting Principles, ASC 805-50-30 which relates to the carrying value of assets and liabilities at the date of transfer by related parties.
	Development Costs
	Development costs are expensed in the period they are incurred unless they meet specific criteria related to technical, market and financial feasibility, as determined by management, including but not limited to the establishment of a clearly defined future market for the product, and the availability of adequate resources to complete the project. If all criteria are met, the costs are deferred and amortized over the expected useful life, or written off if a product is abandoned. For the period ended June 30, 2014 and 2013, total development costs amounted to $29,000 and $0, respectively.  At December 31, 2013 and June 30, 2014, the Company had no deferred product development costs.
	Income Taxes
	Potential benefits of income tax losses are not recognized in the accounts until realization is more likely than not. The Company has adopted the accounting standards codified in ASC 740, Income Taxes as of its inception. Pursuant to those standards, the Company is required to compute tax asset benefits for net operating losses carried forward. Potential benefit of net operating losses have not been recognized in these financial statements because the Company cannot be assured it is more likely than not that it will utilize the net operating losses carried forward in future years.
	ASC 740-10-25 prescribes recognition thresholds that must be met before a tax position is recognized in the financial statements and provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. An entity may only recognize or continue to recognize tax positions that meet a "more likely than not" threshold. Based on its evaluation, the Company has concluded that there are no significant uncertain tax positions requiring recognition in its financial statements.
	The Company does not have any unrecognized tax benefits as of June 30, 2014 and December 31, 2013 that, if recognized, would affect the Company's effective income tax rate.  The Company's policy is to recognize interest and penalties related to income tax issues as components of income tax expense. The Company did not recognize or have any accrual for interest and penalties relating to income taxes as of June 30, 2014 and December 31, 2013.
	Cash and Cash Equivalents
	Cash and cash equivalents, if any, include all highly liquid instruments with an original maturity of three months or less at the date of purchase. At the period ended June 30, 2014, the Company had no cash equivalents.
	Fair Value of Financial Instruments
	The Company accounts for the fair value of financial instruments in accordance with the FASB ASC Topic 820, Fair Value Measurements and Disclosures ("Topic 820"). Topic 820 defines fair value, establishes a three-level valuation hierarchy for disclosures of fair value measurement and enhances disclosure requirements for fair value measures.
	The three levels are defined as follows:
	Level 1	inputs to the valuation methodology are quoted prices (unadjusted) 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	inpuinputs to the valuation methodology are unobservable and significant to the fair measurement.
	The fair value of the Company's cash and cash equivalents, accrued liabilities and accounts payable approximate carrying value because of the short-term nature of these items.
	Revenue Recognition
	The Company recognizes revenue in accordance with the FASB ASC Section 605-10-S99, Revenue Recognition, Overall, SEC Materials ("Section 605-10-S99"). Section 605-10-S99 requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred or services rendered; (3) the fee is fixed and determinable; and (4) collectability is reasonably assured.
	Net Income (Loss) Per Common Share
	Basic income (loss) per common share (“EPS”) is calculated by dividing the income (loss) available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. The Company currently has no dilutive securities and as such, basic and diluted income (loss) per share is the same for all periods presented.
	Share Purchase Warrants
	The Company accounts for common share purchase warrants at fair value in accordance with ASC 815, Derivatives and Hedging. The Black-Scholes option pricing valuation method is used to determine fair value of these warrants. Use of this method requires that the Company make assumptions regarding stock volatility, dividend yields, expected term of the warrants and risk-free interest rates.
	Recently Issued Accounting Pronouncements
	Recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the AICPA, and the SEC during the current reporting period did not, or are not, believed by management to have a material impact on the Company’s present or future consolidated financial statements.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2014
Related Party Transactions	'
NOTE 4 - RELATED PARTY TRANSACTIONS	'
	a) Loans payable to related party – Myers - LOC
	The principle amount due Sarah Myers (director and executive officer of the Company, the related party) at June 30, 2014 was $128,107.07, represents an unsecured promissory note (“Myers – LOC”). These amounts are unsecured and bear interest at the rate of 12% per annum. The Myers – LOC is due and payable on December 1, 2014. The accrued interest under the Myers – LOC as of June 30, 2014 was $10,305.
	b) Loans payable to related party – Frye
	On April 14, 2014, the Company entered into a promissory note with Stephen Frye, an executive officer (President) and director of the Company, for $13,500. The principle amount due Mr. Fryeas of June 30, 2014 was $13,325. These amounts are unsecured and bear interest at the rate of 12% per annum. The note is due and payable in April 2015. The accrued interest under the Note as of June 30, 2014 was $348.
	c) January 13, 2014Agreement - ClassifiedRide
	On January 13, 2014, the Company entered into an asset purchase agreement with Baker Myers and Associates, LLC (“Baker Myers ”) to acquire certain assets including, www.classifiedride.com, whose platform was designed to revolutionize the selling and buying platform for online automotive markets. Ms. Myers (our Chief Operations Officer and Director), is the managing member and sole owner of Baker Myers. As consideration for the sale, the Company entered into a promissory note for $3,000,000 with an interest rate of 7% per annum and issued 14,000,000 shares of the Company’s common stock. At June 30,2014, the carrying value of the assetswas reduced pursuant to the transaction being made by a related party under GAAP ASC 805-50-30, thereby reducing the value of the asset by $2,412,436. As a result, the Baker Myers note was restated such that the principal amount was reduced to $587,564 and interest re-calculated from the contract date based on the reduced principal balance of the note. At June 30, 2014, the note balance and accrued interest was $587,564 and $19,042, respectively.
	d) January 15, 2014 Agreement - Autoglance
	On January 15, 2014, the Company entered into an Agreement with Baker Myers for 51% of the membership interest of Autoglance, LLC, a Tennessee Limited Liability Company, and with it majority control over all owned assets of Autoglance, LLC, including the website www.autoglance.com (collectively “Autoglance”) for 765,000 shares the Company’s common stock as consideration.

CAPITAL_STOCK

CAPITAL STOCK	6 Months Ended
	Jun. 30, 2014
Capital Stock	'
NOTE 5 - CAPITAL STOCK	'
	Authorized Stock
	The Company is authorized to issue 10,000,000 shares of preferred stock, having a par value of $0.0001 per share, and 50,000,000 shares of common stock, having a par value of $0.0001 per share.
	Issued and Outstanding
	Preferred Stock
	As of June 30, 2014, the Company had not issued any preferred stock.
	Common Stock
	At June 30, 2014, the Company had 16,179,108 shares of common stock issued and outstanding.
	During the six months ended June 30, 2014, the Company issued 16,028,620 shares of common stock as follows:
	On January 13, 2014, the Company issued 14,000,000 shares of the Company’s Common Stockin conjunction with its asset purchase agreement to acquire www.classifiedride.com. See further discussion at Note 1.
	On January 15, 2014, the Company issued 765,000 shares of the Company’s Common Stock for 51% of the membership interests of Autoglance, LLC, a Tennessee Limited Liability Company. See discussion at Note 1.
	On March 14, 2014, the Company entered into a note conversion agreement with Rocky Road Capital, Inc. to convert 12.725% of the note balance, which was due to a former director and subsequently assigned to Rocky Road Capital, Inc., into 1,153,620 shares of Common Stock at $0.10 per share, as partial payment for $115,362, thereby reducing the balance owed to $791,212. The Company recognized a gain of $115,247 on extinguishment of the debt, as a result of this transaction. Below is a summary of the Contingent Consideration Payable at June 30, 2014:
		As of			As of
		June 30,			31-Dec-13
		2014
	Contingent consideration due	$	2,000,000		$	2,000,000
	Less payments		(984,638	)		(984,638	)
	Payment of exercise of warrants		(108,788	)		(108,788	)
	Conversion of contingent consideration to common stock		(115,362	)		-
		$	791,212		$	906,574

COMMITMENTS_AND_CONTRACTUAL_OB

COMMITMENTS AND CONTRACTUAL OBLIGATIONS	6 Months Ended
	Jun. 30, 2014
Commitments And Contractual Obligations	'
NOTE 6 - COMMITMENTS AND CONTRACTUAL OBLIGATIONS	'
	Birch First Capital Fund, LLC
	On August 16, 2013 Birch First Capital Fund, LLC (“Birch First”) filed a complaint against the Company in the 15th judicial circuit of Florida (2013 CA 012838) alleging that the Company owes them $168,661. The Company filed a response and counterclaim. On November 18, 2013 the Company became aware of litigation by Birch First and Birch First Capital Management, LLC against Mr. Charles Cronin and Dr. Earl Beaver, naming the Company as a nominal defendant. A motion to dismiss was filed by the Company concerning this derivative lawsuit. As of June 30, 2014, the Company has entered into settlement negotiations with Birch First and hopes to resolve this matter by settlement, although there is no guarantee the Company will be able to settle this matter or if the settlement will be on terms deemed favorable to the Company. The disputed liability amount, including accrued interest, as of June 30, 2014 is $190,144.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2014
Summary Of Significant Accounting Policies Policies	'
Basis Of Presentation	'
	The condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles and include the accounts of the Company and its subsidiaries, Dynamic Energy Development Corporation and Transformation Consulting, Inc. All intercompany balances and transactions have been eliminated.
Use of Estimates	'
	Preparation of the Company's financial statements in conformity with United States GAAP requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as well as the reported amounts of revenues and expenses. Accordingly, actual results could differ from those estimates.
Reclassifications	'
	Certain reclassifications have been made in Statement of Operations during the quarter ended June 30, 2014. These reclassifications impacted the classification of certain items within the Statement of Operations: relating to classification of consulting expenses and project development costs. The reclassifications had no impact on previously reported total operating expenses, net loss, or stockholders' equity.
Valuation of Intangible Assets and Note Payable to Related Party	'
	The Company’s intangible asset value and note balance to a related party were reduced to the appropriate carrying value of $589,041 as of June 30, 2014. The change was done in accordance with Generally Accepted Accounting Principles, ASC 805-50-30 which relates to the carrying value of assets and liabilities at the date of transfer by related parties.
Development Costs	'
	Development costs are expensed in the period they are incurred unless they meet specific criteria related to technical, market and financial feasibility, as determined by management, including but not limited to the establishment of a clearly defined future market for the product, and the availability of adequate resources to complete the project. If all criteria are met, the costs are deferred and amortized over the expected useful life, or written off if a product is abandoned. For the period ended June 30, 2014 and 2013, total development costs amounted to $29,000 and $0, respectively.  At December 31, 2013 and June 30, 2014, the Company had no deferred product development costs.
Income Taxes	'
	Potential benefits of income tax losses are not recognized in the accounts until realization is more likely than not. The Company has adopted the accounting standards codified in ASC 740, Income Taxes as of its inception. Pursuant to those standards, the Company is required to compute tax asset benefits for net operating losses carried forward. Potential benefit of net operating losses have not been recognized in these financial statements because the Company cannot be assured it is more likely than not that it will utilize the net operating losses carried forward in future years.
	ASC 740-10-25 prescribes recognition thresholds that must be met before a tax position is recognized in the financial statements and provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. An entity may only recognize or continue to recognize tax positions that meet a "more likely than not" threshold. Based on its evaluation, the Company has concluded that there are no significant uncertain tax positions requiring recognition in its financial statements.
	The Company does not have any unrecognized tax benefits as of June 30, 2014 and December 31, 2013 that, if recognized, would affect the Company's effective income tax rate.  The Company's policy is to recognize interest and penalties related to income tax issues as components of income tax expense. The Company did not recognize or have any accrual for interest and penalties relating to income taxes as of June 30, 2014 and December 31, 2013.
Cash and Cash Equivalents	'
	Cash and cash equivalents, if any, include all highly liquid instruments with an original maturity of three months or less at the date of purchase. At the period ended June 30, 2014, the Company had no cash equivalents.
Fair Value of Financial Instruments	'
	The Company accounts for the fair value of financial instruments in accordance with the FASB ASC Topic 820, Fair Value Measurements and Disclosures ("Topic 820"). Topic 820 defines fair value, establishes a three-level valuation hierarchy for disclosures of fair value measurement and enhances disclosure requirements for fair value measures.
	The three levels are defined as follows:
	Level 1	inputs to the valuation methodology are quoted prices (unadjusted) 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	inpuinputs to the valuation methodology are unobservable and significant to the fair measurement.
	The fair value of the Company's cash and cash equivalents, accrued liabilities and accounts payable approximate carrying value because of the short-term nature of these items.
Revenue Recognition	'
	The Company recognizes revenue in accordance with the FASB ASC Section 605-10-S99, Revenue Recognition, Overall, SEC Materials ("Section 605-10-S99"). Section 605-10-S99 requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred or services rendered; (3) the fee is fixed and determinable; and (4) collectability is reasonably assured.
Net Income (Loss) Per Common Share	'
	Basic income (loss) per common share (“EPS”) is calculated by dividing the income (loss) available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. The Company currently has no dilutive securities and as such, basic and diluted income (loss) per share is the same for all periods presented.
Share Purchase Warrants	'
	The Company accounts for common share purchase warrants at fair value in accordance with ASC 815, Derivatives and Hedging. The Black-Scholes option pricing valuation method is used to determine fair value of these warrants. Use of this method requires that the Company make assumptions regarding stock volatility, dividend yields, expected term of the warrants and risk-free interest rates.
Recently Issued Accounting Pronouncements	'
	Recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the AICPA, and the SEC during the current reporting period did not, or are not, believed by management to have a material impact on the Company’s present or future consolidated financial statements.

CAPITAL_STOCK_Tables

CAPITAL STOCK (Tables)	6 Months Ended
	Jun. 30, 2014
Capital Stock Tables	'
Summary of contingent consideration	'
	The Company recognized a gain of $115,247 on extinguishment of the debt, as a result of this transaction. Below is a summary of the Contingent Consideration Payable at June 30, 2014:
		As of			As of
		June 30,			31-Dec-13
		2014
	Contingent consideration due	$	2,000,000		$	2,000,000
	Less payments		(984,638	)		(984,638	)
	Payment of exercise of warrants		(108,788	)		-108,788
	Conversion of contingent consideration to common stock		(115,362	)		-
		$	791,212		$	906,574

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) (USD $)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Summary Of Significant Accounting Policies Details Narrative	'	'
Development Costs	$29,000	$0
Carrying value of intangible asset value and note balance to related party	$589,041	'

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details Narrative) (USD $)	Jun. 30, 2014
Accrued interest	$190,144
Myers - LOC	'
Amounts due to a related party	128,107
Unsecured and bear interest rate	12.00%
Accrued interest	10,305
Frye	'
Amounts due to a related party	13,325
Unsecured and bear interest rate	12.00%
Accrued interest	348
Classified Ride	'
Amounts due to a related party	587,564
Accrued interest	$19,042

CAPITAL_STOCK_Details

CAPITAL STOCK (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Capital Stock Details	'	'
Contingency consideration due	$2,000,000	$2,000,000
Less payments	-984,638	-984,638
Payment of exercise of warrants	-108,788	-108,788
Conversion of contingent consideration to common stock	-115,362	'
Total	$791,212	$906,574

CAPITAL_STOCK_Details_Narrativ

CAPITAL STOCK (Details Narrative) (USD $)	6 Months Ended
	Jun. 30, 2014	Dec. 31, 2013
Capital Stock Details Narrative	'	'
Preferred stock, par value	$0.00	$0.00
Preferred stock, authorized	10,000,000	10,000,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0
Common stock, par value	$0.00	$0.00
Common stock, authorized	50,000,000	50,000,000
Common stock issued	16,179,108	150,488
Common stock outstanding	16,179,108	150,488
Common stock issued	16,028,620	'

COMMITMENTS_AND_CONTRACTUAL_OB1

COMMITMENTS AND CONTRACTUAL OBLIGATIONS (Details Narrative) (USD $)	6 Months Ended
	Jun. 30, 2014
Commitments And Contractual Obligations Details Narrative	'
Description of line of credit agreement	'As of March 14, 2014, the line of credit agreement was extended from $50,000 to $120,000 with a payable date extended to December 1, 2014.
Accrued interest	$190,144