ExeLED (ELED) 10-Q 15 Nov 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Nov. 14, 2018
Document And Entity Information
Entity Registrant Name	ExeLED Holdings Inc.
Entity Central Index Key	774,937
Document Type	10-Q
Document Period End Date	Jun. 30, 2018
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		249,447,433
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,018

Balance Sheets

Balance Sheets - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 10,201
Accounts receivable, net	3,649
Inventory	63,640	69,498
Prepaid expenses and other	58,592	54,163
Total current assets	136,082	123,661
Noncurrent assets:
Deposits and other	31,271	14,627
Total assets	167,353	138,288
Current liabilities:
Cash overdraft		11,118
Accounts payable	3,027,399	2,893,614
Accrued liabilities	3,465,526	2,628,335
Debt, current portion, net of discount and debt issuance costs	13,433,228	11,249,083
Total current liabilities	19,926,153	16,782,150
Debt, long-term portion	607,058	676,058
Total liabilities	20,533,211	17,458,208
Commitments and contingencies (Note 4)
Equity:
Preferred stock, $.0001 par value; 5,000,000 shares authorized; no shares issued and outstanding at June 30, 2018 or December 31, 2017
Common stock, $0.0001 par value; 250,000,000 shares authorized; 249,447,433 shares issued and outstanding at June 30, 2018 and December 31, 2017	24,743	24,743
Additional paid-in capital	2,635,896	2,635,896
Accumulated deficit	(23,026,497)	(19,980,559)
Total deficit	(20,365,858)	(17,319,920)
Total liabilities and equity	$ 167,353	$ 138,288

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	250,000,000	250,000,000
Common stock, shares issued	249,447,433	249,447,433
Common stock, shares outstanding	249,447,433	249,447,433

Statements of Operations

Statements of Operations - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Income Statement [Abstract]
Sale revenue	$ 18,301	$ 7,279	$ 23,401	$ 44,554
Cost of goods sold	(6,083)	(3,075)	(10,209)	(20,394)
Gross profit	12,218	4,204	13,192	24,160
Operating expenses:
Research and development	85,362	75,153	166,384	143,757
Sales and marketing	3,137	1,263	3,784	2,262
General and administrative	175,740	201,377	358,224	379,489
Total operating expenses	264,239	277,793	528,392	525,508
Loss from operations	(252,021)	(273,589)	(5,152,000)	(501,348)
Other income (expense):
Interest expense	(1,055,367)	(584,927)	(1,758,296)	(1,128,339)
Other expenses	(561,746)	(9,467)	(772,442)	(55,213)
Other income (expense), net	(1,617,113)	(594,394)	(2,530,738)	(1,183,552)
Provision for taxes on income
Net loss	$ (1,869,134)	$ (867,983)	$ (3,045,938)	$ (1,684,900)
Net loss per common share Basic and diluted	$ (0.01)	$ 0	$ (0.01)	$ (0.01)
Weighted average common shares outstanding: Basic and diluted	249,447,433	249,447,433	249,447,433	249,447,433

Statements of Cash Flows

Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Operating Activities:
Net loss	$ (3,045,938)	$ (1,684,900)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of debt issuance costs and debt discount	522,485	301,615
Changes in operating assets and liabilities (net of Share Exchange):
Accounts receivable	(3,649)	(20,908)
Inventory	5,858	3,263
Prepaid expenses and other	(4,429)	(699)
Other assets	(16,644)	250
Accounts payable	133,785	109,730
Accrued liabilities	469,698	423,078
Net cash used in operating activities	(1,938,834)	(868,571)
Investing Activities
Net cash from investing activities
Financing Activities:
Proceeds from debt	2,947,521	1,173,757
Payments of debt	(987,368)	(303,150)
Net cash provided by financing activities	1,960,153	870,607
Net change in cash (overdraft)	21,319	2,036
Cash (overdraft), beginning of period	(11,118)	5,454
Cash, end of period	10,201	7,490
Cash paid for:
Interest	942,480	432,032
Income taxes
Non-cash transactions:
Debt issuance costs		435,500
Debt reclassified as accrued liabilities	$ 367,493

Description of Business and Sum

Description of Business and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Description of Business and Summary of Significant Accounting Policies	Note 1 — Description of Business and Summary of Significant Accounting Policies ExeLED Holdings, Inc. was incorporated in the State of Delaware on October 20, 1986 under the name “Verilink Corporation.” We have also been known as Energie Holdings, Inc. and Alas Aviation Corp. On December 31, 2013, we entered into a Share Exchange Agreement (the “Share Exchange Agreement”) with OELC, LLC, a Delaware limited liability company, and its wholly-owned subsidiary, Énergie LLC (hereinafter referred to as, “Énergie”). The Share Exchange Agreement was not effective until July 2. We issued 33,000,000 shares of our common stock, representing approximately 65% of our then issued and outstanding voting securities, in exchange for all of the issued and outstanding member interests of Énergie. The accounting is identical to that resulting from a reverse acquisition, except that no goodwill or other intangible is recorded. Thereafter, on January 27, 2014, we entered into an Agreement and Plan of Merger (the “Merger Agreement”) with two of our then wholly owned subsidiaries, Energie Holdings, Inc. and Alas Acquisition Company. The net effect of the Merger Agreement was to effectuate a name change from Alas Aviation Corp., to Energie Holdings, Inc. in order to provide a better understanding to investors of our entry into the LED lighting industry. Our management also changed. All references herein to “us,” “we,” “our,” “Holdings,” or the “Company” refer to ExeLED Holdings, Inc. and its subsidiaries, and their respective business following the consummation of the Merger and Share Exchange Agreements, unless the context otherwise requires. Description of Business We are focused on acquiring and growing specialized LED lighting companies for the architecture and interior design markets for both commercial and residential applications. Our lighting products include both conventional fixtures and advanced solid-state technology that can integrate with digital controls and day-lighting to create energy efficiencies and a better visual environment. Our objective is to grow, innovate, and fully capture the rapidly growing lighting market opportunities associated with solid state lighting. Our headquarters is located in Arvada, Colorado, and we also maintain a production and assembly facility in Zeeland, Michigan. Basis of Presentation The accompanying condensed consolidated balance sheet as of June 30, 2018, has been derived from our audited financial statements. The accompanying unaudited interim condensed consolidated financial statements have been prepared on the same basis as the annual audited financial statements and in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial statements. In the opinion of management, such unaudited information includes all adjustments (consisting only of normal recurring accruals) necessary for a fair presentation of this interim information. All intercompany transactions have been eliminated in consolidation. Operating results and cash flows for interim periods are not necessarily indicative of results that can be expected for the entire year. The information included in this report should be read in conjunction with our audited financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2017. Significant Accounting Policy Updates Revenue Recognition During the first quarter of 2018, we adopted the following accounting principles related to revenue recognition: (a) FASB ASU 2016-12 “ Revenue from Contracts with Customers (Topic 606) Revenue Recognition (Topic 605) and Derivatives and Hedging (Topic 815) Revenue from Contracts with Customers (Topic 606) Our revenues arise from contracts with customers and consists of operations segment product sales. The majority of our revenue is derived from distinct performance obligations, such as the delivery of a specific product. We may also enter into contracts with customers that identify a single, or few, distinct performance obligations, but that also have non-distinct, underlying performance obligations. These contracts are typically fulfilled within one to three months. Only an insignificant portion of our revenue would be assessed for allocation between distinct (contractual) performance obligations and non-distinct deliverables between reporting periods and, accordingly, we do not record a contract asset for completed, non-distinct performance obligations prior to invoicing the customer. We recognize revenue when the following criteria are met: Identify the contracts with the customer – Identify the performance obligations in the contract – Determine the transaction price – Allocate the transaction price to the performance obligations – Recognize revenue when (or as) the performance obligation is satisfied – Customer deposits are contract liabilities with customers that represent our obligation to either transfer goods or services in the future, or refund the amount received. Customer deposits are recognized as revenue as we perform under the contract. Going Concern As shown in the accompanying condensed consolidated financial statements, we had an equity deficit of $20,365,858 and a working capital deficit of $19,790,071 as of June 30, 2018, and have reported net losses of $3,045,938 and $1,684,900 for the six months ended June 30, 2018 and 2017, respectively. These factors raise substantial doubt regarding our ability to continue as a going concern. Our ability to continue as a going concern is dependent on our ability to further implement our business plan, attract additional capital and, ultimately, upon our ability to develop future profitable operations. We intend to fund our business development, acquisition endeavors and operations through equity and debt financing arrangements. However, there can be no assurance that these arrangements will be sufficient to fund our ongoing capital expenditures, working capital, and other cash requirements. The outcome of these matters cannot be predicted at this time. These matters raise substantial doubt about our ability to continue as a going concern. The consolidated financial statements do not include any adjustments that might be necessary if we are unable to continue as a going concern. Additionally, current economic conditions in the United States and globally create significant challenges attaining sufficient funding. Some of our debt agreements are due on demand. If demand for payment is made by one or multiple vendors, we would experience a liquidity issue as we do not currently have the funds available to pay off these debts. While we have entered into extensions with several of our lenders, there can be no assurances that any of the lenders will be cooperative or that if they are willing to provide extensions or forbearances, that the terms under which they may be willing to provide them will be favorable to us. Prepaid Expenses and Other We have created a joint venture with Kasper Consulting called Kas-Exe Parking Solutions LLC (“Kas-Exe”). The purpose of the joint venture is to capitalize on attractive business opportunities that present themselves. As of June 30, 2018, we have paid Kasper Consulting $43,148 in order to help launch Kas-Exe. At this point, the joint venture is no longer seen as viable and we are in the process of being refunded the amounts paid to Kasper Consulting. The amount is included as Prepaid expenses and other in accompanying condensed consolidated financial statements. Reclassifications Certain prior year amounts have been reclassified to conform with the current year presentation. Recently Issued Accounting Pronouncements The Financial Accounting Standards Board and other entities have issued other new or modifications to, or interpretations of, existing accounting guidance during 2018. Management has carefully considered the new pronouncements that altered generally accepted accounting principles and does not believe that any other new or modified principles will have a material impact on the Company’s reported financial position or operations in the near term.

Accounts receivable

Accounts receivable	6 Months Ended
	Jun. 30, 2018
Receivables [Abstract]
Accounts receivable	Note 2 — Accounts receivable, net The following is a summary of accounts receivable: June 30, 2018 December 31, 2017 Customer receivables $ 39,470 $ 35,821 Less: Allowance for uncollectible accounts (35,821 ) (35,821 ) $ 3,649 $ —

Debt

Debt	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
Debt	Note 3 — Debt, net Debt is comprised of the following: Description Note June 30, 2018 December 31, 2017 Line of credit A $ 6,531 $ 31,588 Note payable to distribution partner B 550,000 550,000 Investor debt C 371,507 371,507 Related party debt D 12,205,037 10,038,037 Other notes payable E 1,012,937 1,021,937 Cash draw notes F 886,293 338,083 Convertible promissory notes G 58,937 58,937 Total 15,091,242 12,410,089 Less: unamortized discount and debt issuance costs (683,463 ) (484,948 ) Debt, net of unamortized discount and debt issuance costs 14,407,779 11,925,141 Less: current portion (13,800,721 ) (11,249,083 ) Debt, long-term portion $ 607,058 $ 676,058 A – L i e i B Note payable to distribution partner Note payable to a significant European distribution partner, entered into in October 2014, bearing interest at 5% payable quarterly, with principal payable monthly through September 2019. C Investor Debt – June 30, 2018 December 31, 2017 Interest Rate $ 87,787 $ 87,787 24% 50,000 50,000 24% 50,000 50,000 24% 25,000 25,000 8% 25,000 25,000 8% 20,000 20,000 2% 113,720 113,720 various $ 371,507 $ 371,507 D Re l t t June 30, 2018 December 31, 2017 Interest Rate D1 $ 4,635,865 $ 4,635,865 various D2 34,888 34,888 12 % D3 366,550 362,550 various D4 1,205,234 1,205,234 18 % D5 5,962,500 3,799,500 6 % Total $ 12,205,037 $ 10,038,037 D1 D2 D3 D4 D5 E O t h t a l F – Cash draw agreements G Convertible promissory notes – Our defense in this matter is based in part on a separate action filed by the Securities and Exchange Commission against unrelated defendants in the U.S. District Court for the Southern District of Florida alleging that the defendant there, which follows the same business model as LG, has violated federal securities laws by not registering as a dealer. We understand that LG also was not and is not registered as a dealer even though it too should be given it too trades securities for its own account as part of its business. The SEC asserts that all gains reaped by defendants in the attached complaint should be disgorged due to the ill-gotten gains received. LG has, admittedly, likewise received substantial profits trading our stock for its own account. As a result, we have filed an amended answer, alleging that LG is entitled to no recovery, and that it should disgorge to us all gains unlawfully received from selling our shares of common stock. Debt issuance costs of $683,463 are being amortized over the life of the respective notes.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 4 — Commitments and Contingencies To the best of the Company’s knowledge and belief, no current legal proceedings of merit are currently pending or threatened against the Company, other than those described in the paragraph below as well as in Note 3 (E) and 3 (G). During November 2017, Autumnwood Investments, LLC requested a summary judgment for a note that was in default as principal and interest payments were not made in accordance with the note. The note had consolidated past due rent amounts and interest due to Autumwood. In January 2018, a summary judgment in the amount of $475,832, which represents the total principal and interest outstanding on the note as of October 31, 2017, was granted by the court. The principal balance of the note has been reclassified from debt to accrued liabilities. The interest that had accrued on the note was already included in accrued liabilities.

Net Loss Per Share

Net Loss Per Share	6 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
Net Loss Per Share	Note 5 — Net Loss Per Share Basic net loss per share is computed by dividing net income by the weighted-average number of common shares outstanding during the reporting period. Diluted net loss per share is computed similarly to basic net loss per share, except that it includes the potential dilution that could occur if dilutive securities are exercised. In a net loss position, however, potential securities are excluded, because they are considered anti-dilutive. There are no dilutive instruments outstanding during the six months ended June 30, 2018 and 2017.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2018
Subsequent Events [Abstract]
Subsequent Events	Note 6 — Subsequent Events There are no events subsequent to June 30, 2018 and up to the date of this filing that require disclosure.

Description of Business and S_2

Description of Business and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Descripton of Business	Description of Business We are focused on acquiring and growing specialized LED lighting companies for the architecture and interior design markets for both commercial and residential applications. Our lighting products include both conventional fixtures and advanced solid-state technology that can integrate with digital controls and day-lighting to create energy efficiencies and a better visual environment. Our objective is to grow, innovate, and fully capture the rapidly growing lighting market opportunities associated with solid state lighting. Our headquarters is located in Arvada, Colorado, and we also maintain a production and assembly facility in Zeeland, Michigan.
Basis of Presentation	Basis of Presentation The accompanying condensed consolidated balance sheet as of June 30, 2018, has been derived from our audited financial statements. The accompanying unaudited interim condensed consolidated financial statements have been prepared on the same basis as the annual audited financial statements and in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial statements. In the opinion of management, such unaudited information includes all adjustments (consisting only of normal recurring accruals) necessary for a fair presentation of this interim information. All intercompany transactions have been eliminated in consolidation. Operating results and cash flows for interim periods are not necessarily indicative of results that can be expected for the entire year. The information included in this report should be read in conjunction with our audited financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2017.
Significant Accounting Policy Updates	Significant Accounting Policy Updates Revenue Recognition During the first quarter of 2018, we adopted the following accounting principles related to revenue recognition: (a) FASB ASU 2016-12 “ Revenue from Contracts with Customers (Topic 606) Revenue Recognition (Topic 605) and Derivatives and Hedging (Topic 815) Revenue from Contracts with Customers (Topic 606) Our revenues arise from contracts with customers and consists of operations segment product sales. The majority of our revenue is derived from distinct performance obligations, such as the delivery of a specific product. We may also enter into contracts with customers that identify a single, or few, distinct performance obligations, but that also have non-distinct, underlying performance obligations. These contracts are typically fulfilled within one to three months. Only an insignificant portion of our revenue would be assessed for allocation between distinct (contractual) performance obligations and non-distinct deliverables between reporting periods and, accordingly, we do not record a contract asset for completed, non-distinct performance obligations prior to invoicing the customer. We recognize revenue when the following criteria are met: Identify the contracts with the customer – Identify the performance obligations in the contract – Determine the transaction price – Allocate the transaction price to the performance obligations – Recognize revenue when (or as) the performance obligation is satisfied – Customer deposits are contract liabilities with customers that represent our obligation to either transfer goods or services in the future, or refund the amount received. Customer deposits are recognized as revenue as we perform under the contract.
Going Concern	Going Concern As shown in the accompanying condensed consolidated financial statements, we had an equity deficit of $20,365,858 and a working capital deficit of $19,790,071 as of June 30, 2018, and have reported net losses of $3,045,938 and $1,684,900 for the six months ended June 30, 2018 and 2017, respectively. These factors raise substantial doubt regarding our ability to continue as a going concern. Our ability to continue as a going concern is dependent on our ability to further implement our business plan, attract additional capital and, ultimately, upon our ability to develop future profitable operations. We intend to fund our business development, acquisition endeavors and operations through equity and debt financing arrangements. However, there can be no assurance that these arrangements will be sufficient to fund our ongoing capital expenditures, working capital, and other cash requirements. The outcome of these matters cannot be predicted at this time. These matters raise substantial doubt about our ability to continue as a going concern. The consolidated financial statements do not include any adjustments that might be necessary if we are unable to continue as a going concern. Additionally, current economic conditions in the United States and globally create significant challenges attaining sufficient funding. Some of our debt agreements are due on demand. If demand for payment is made by one or multiple vendors, we would experience a liquidity issue as we do not currently have the funds available to pay off these debts. While we have entered into extensions with several of our lenders, there can be no assurances that any of the lenders will be cooperative or that if they are willing to provide extensions or forbearances, that the terms under which they may be willing to provide them will be favorable to us.
Prepaid Expenses and Other	Prepaid Expenses and Other We have created a joint venture with Kasper Consulting called Kas-Exe Parking Solutions LLC (“Kas-Exe”). The purpose of the joint venture is to capitalize on attractive business opportunities that present themselves. As of June 30, 2018, we have paid Kasper Consulting $43,148 in order to help launch Kas-Exe. At this point, the joint venture is no longer seen as viable and we are in the process of being refunded the amounts paid to Kasper Consulting. The amount is included as Prepaid expenses and other in accompanying condensed consolidated financial statements.
Reclassifications	Reclassifications Certain prior year amounts have been reclassified to conform with the current year presentation.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements The Financial Accounting Standards Board and other entities have issued other new or modifications to, or interpretations of, existing accounting guidance during 2018. Management has carefully considered the new pronouncements that altered generally accepted accounting principles and does not believe that any other new or modified principles will have a material impact on the Company’s reported financial position or operations in the near term.

Accounts Receivable (Tables)

Accounts Receivable (Tables)	6 Months Ended
	Jun. 30, 2018
Receivables [Abstract]
Accounts Receivable	June 30, 2018 December 31, 2017 Customer receivables $ 39,470 $ 35,821 Less: Allowance for uncollectible accounts (35,821 ) (35,821 ) $ 3,649 $ —

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
Debt	Description Note June 30, 2018 December 31, 2017 Line of credit A $ 6,531 $ 31,588 Note payable to distribution partner B 550,000 550,000 Investor debt C 371,507 371,507 Related party debt D 12,205,037 10,038,037 Other notes payable E 1,012,937 1,021,937 Cash draw notes F 886,293 338,083 Convertible promissory notes G 58,937 58,937 Total 15,091,242 12,410,089 Less: unamortized discount and debt issuance costs (683,463 ) (484,948 ) Debt, net of unamortized discount and debt issuance costs 14,407,779 11,925,141 Less: current portion (13,800,721 ) (11,249,083 ) Debt, long-term portion $ 607,058 $ 676,058
Investor Debt	June 30, 2018 December 31, 2017 Interest Rate $ 87,787 $ 87,787 24% 50,000 50,000 24% 50,000 50,000 24% 25,000 25,000 8% 25,000 25,000 8% 20,000 20,000 2% 113,720 113,720 various $ 371,507 $ 371,507
Related Party Debt	June 30, 2018 December 31, 2017 Interest Rate D1 $ 4,635,865 $ 4,635,865 various D2 34,888 34,888 12 % D3 366,550 362,550 various D4 1,205,234 1,205,234 18 % D5 5,962,500 3,799,500 6 % Total $ 12,205,037 $ 10,038,037

Description of Business and S_3

Description of Business and Summary of Significant Accounting Policies (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Accounting Policies [Abstract]
Working Capital Deficit	$ 19,790,071		$ 19,790,071
Net Income Loss	$ (1,869,134)	$ (867,983)	$ (3,045,938)	$ (1,684,900)

Accounts Receivable - Receivabl

Accounts Receivable - Receivable (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Receivables [Abstract]
Customer receivables	$ 39,470	$ 35,821
Less: Allowance for uncollectible accounts	(35,821)	(35,821)
Receivables, Net	$ 3,649	$ 0

Debt - Debt (Details)

Debt - Debt (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Debt Disclosure [Abstract]
Line of credit	$ 6,531	$ 31,588
Note payable to distribution partner	550,000	550,000
Investor debt	371,507	371,507
Related party debt	12,205,037	10,038,037
Other notes payable	1,012,937	1,021,937
Cash draw agreements	886,293	338,083
Convertible promissory notes	58,937	58,937
Total	15,091,242	12,410,089
Less: unamortized discount	(683,463)	(484,948)
Debt, net of unamortized discount	14,407,779	11,925,141
Less: current portion, net of unamortized discount	13,433,228	11,249,083
Debt, long-term portion	$ 607,058	$ 676,058

Debt - Investor Debt (Details)

Debt - Investor Debt (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Investor Debt Balances	$ 15,091,242	$ 12,410,089
Investor Debt 1
Investor Debt Balances	$ 87,787	$ 87,787
Investor Debt, Interest Rate	24.00%	24.00%
Investor Debt 2
Investor Debt Balances	$ 50,000	$ 50,000
Investor Debt, Interest Rate	24.00%	24.00%
Investor Debt 3
Investor Debt Balances	$ 50,000	$ 50,000
Investor Debt, Interest Rate	24.00%	24.00%
Investor Debt 4
Investor Debt Balances	$ 25,000	$ 25,000
Investor Debt, Interest Rate	8.00%	8.00%
Investor Debt 5
Investor Debt Balances	$ 25,000	$ 25,000
Investor Debt, Interest Rate	8.00%	8.00%
Investor Debt 6
Investor Debt Balances	$ 20,000	$ 20,000
Investor Debt, Interest Rate	2.00%	2.00%
Investor Debt 7
Investor Debt Balances	$ 113,720	$ 113,720
Investor Debt Total
Investor Debt Balances	$ 371,507	$ 371,507

Debt - Related Party Debt (Deta

Debt - Related Party Debt (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
D1
Related Party Debt	$ 4,635,865	$ 4,635,865
D2
Related Party Debt	$ 34,888	$ 34,888
Related Party Debt, Interest Rate	12.00%	12.00%
D3
Related Party Debt	$ 366,550	$ 362,550
D4
Related Party Debt	$ 1,205,234	$ 1,205,234
Related Party Debt, Interest Rate	18.00%	18.00%
D5
Related Party Debt	$ 5,962,500	$ 3,799,500
Related Party Debt, Interest Rate	6.00%	6.00%
Related Party Total
Related Party Debt	$ 12,205,037	$ 10,038,037