Ridgefield Acquisition (RDGA) 10-K 30 Mar 18 2017 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2017	Mar. 30, 2018	Jun. 30, 2017
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Entity Registrant Name	RIDGEFIELD ACQUISITION CORP
Entity Central Index Key	812,152
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 133,303
Trading Symbol	RDGA
Entity Common Stock, Shares Outstanding		1,260,773

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2017	Dec. 31, 2016
CURRENT ASSETS
Cash and cash equivalents	$ 609	$ 2,894
TOTAL ASSETS	609	2,894
CURRENT LIABILITIES
Accounts payable and accrued expenses	3,450	551
Related party note and interest payable	156,960	125,257
TOTAL CURRENT LIABILITIES	160,410	125,808
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' DEFICIT
Preferred stock, $.01 par value; authorized - 5,000,000 shares; issued - none	0	0
Common stock, $.001 par value; authorized - 30,000,000 shares; issued and outstanding - 1,260,773 on December 31, 2017 and December 31, 2016	1,261	1,261
Additional paid in capital	1,516,419	1,516,419
Accumulated deficit	(1,677,481)	(1,640,594)
TOTAL STOCKHOLDERS' DEFICIT	(159,801)	(122,914)
TOTAL LIABILITIES & STOCKHOLDERS' DEFICIT	$ 609	$ 2,894

CONSOLIDATED BALANCE SHEETS _Pa

CONSOLIDATED BALANCE SHEETS [Parenthetical] - $ / shares	Dec. 31, 2017	Dec. 31, 2016
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	30,000,000	30,000,000
Common stock, shares issued	1,260,773	1,260,773
Common stock, shares outstanding	1,260,773	1,260,773

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
OPERATING EXPENSES
General and administrative expenses	$ (20,266)	$ (18,529)
Total Operating Expenses	(20,266)	(18,529)
OPERATING LOSS	(20,266)	(18,529)
OTHER EXPENSE
Other expense	(4,918)	(2,332)
Interest expense	(11,703)	(8,634)
Total Other Expense	(16,621)	(10,966)
NET LOSS	$ (36,887)	$ (29,495)
NET LOSS PER COMMON SHARE
Basic	$ (0.03)	$ (0.02)
Dilutive	$ (0.03)	$ (0.02)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING -
Basic	1,260,773	1,260,773
Dilutive	1,260,773	1,260,773

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT - USD ($)	Total	Common Stock	Additional Paid in Capital	Accumulated Deficit
Balance at Dec. 31, 2015	$ (93,419)	$ 1,261	$ 1,516,419	$ (1,611,099)
Balance (in shares) at Dec. 31, 2015		1,260,773
Net loss	(29,495)	$ 0	0	(29,495)
Balance at Dec. 31, 2016	(122,914)	$ 1,261	1,516,419	(1,640,594)
Balance (in shares) at Dec. 31, 2016		1,260,773
Net loss	(36,887)			(36,887)
Balance at Dec. 31, 2017	$ (159,801)	$ 1,261	$ 1,516,419	$ (1,677,481)
Balance (in shares) at Dec. 31, 2017		1,260,773

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
OPERATING ACTIVITIES
Net loss	$ (36,887)	$ (29,495)
Changes in assets and liabilities
Increase in accrued interest to related party	11,703	8,634
Increase (decrease) in accounts payable and accrued expenses	2,899	(6,913)
Net cash used in operating activities	(22,285)	(27,774)
FINANCING ACTIVITIES
Proceeds from related party note payable	20,000	29,900
Net cash provided by financing activities	20,000	29,900
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(2,285)	2,126
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	2,894	768
CASH AND CASH EQUIVALENTS, END OF YEAR	609	2,894
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES
Cash paid for interest	0	0
Cash paid for income taxes	$ 0	$ 0

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Ridgefield Acquisition Corp. (“we”, “us”, “our”, “Ridgefield” or the “Company”) was incorporated under the laws of the State of Colorado on October 13, 1983. Effective June 23, 2006, the Company was reincorporated under the laws of the State of Nevada through the merger of the Company with a wholly-owned subsidiary of the Company. Since July 2000, the Company has suspended all operations, except for necessary administrative matters. The Company has no principal operations or revenue producing activities. The Company is now pursuing an acquisition strategy whereby it is seeking to arrange for a merger, acquisition or other business combination with a viable operating entity. At December 31, 2017, the Company had a working capital deficit and an accumulated deficit. The Company has continued to sustain losses from operations. In addition, the Company has not generated positive cash flow from operations. Management is aware that its current cash resources are not adequate to fund its operations for the following year. The Company cannot provide any assurances as to if and when it will be able to attain profitability. These conditions, among others, raise substantial doubt about the Company's ability to continue operations as a going concern. No adjustment has been made in the consolidated financial statements to the amounts and classification of assets and liabilities, which could result, should the Company be unable to continue as a going concern. The Company will be dependent upon the raising of additional capital through debt or the placement of our common stock in order to implement its business plan or merge with an operating company. The officers and directors have committed to advancing certain operating costs of the Company. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty. The accompanying financial statements include the accounts of the Company and its wholly owned subsidiary. All inter-company transactions have been eliminated in consolidation. Certain prior period amounts have been reclassified for consistency with the current period presentation. These reclassifications had no effect on the reported results of operations. We account for income taxes under the asset and liability method, whereby deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis and operating loss and tax credit carryforwards. We assess the likelihood that our deferred tax assets will be recovered from future taxable income and to the extent we believe that recovery is not determinable beyond a “more likely than not” standard, we establish a valuation allowance. To the extent we establish a valuation allowance or increase or decrease this allowance in a period, we include an expense or benefit within the tax provision in the statement of operations. We also utilize a “more likely than not” recognition threshold and measurement analysis for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. . The Company does not have any uncertain tax positions. We recognize potential accrued interest and penalties related to unrecognized tax benefits within the consolidated statements of operations as income tax expense. Basic income (loss) per common share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding during the year. Diluted income per common share is calculated by adjusting outstanding shares, assuming conversion of all potentially dilutive convertible equity instruments consisting of options. There is no difference in the calculation of basic and diluted income per share for 2017 and 2016, respectively. The Company considers as cash equivalents all highly liquid investments with a maturity of 90 days or less at the time of purchase. At December 31, 2017, and 2016, the Company had no cash equivalents. The Company defines a related person as any director, executive officer, nominee for director, or greater than 5 The preparation of consolidated financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and disclosures made in the accompanying notes to the consolidated financial statements. Management regularly evaluates estimates and assumptions related to revenue recognition, allowances for doubtful accounts, warranty reserves, inventory valuation reserves, stock-based compensation, purchased intangible asset valuations and useful lives, asset retirement obligations, and deferred income tax asset valuation allowances. These estimates and assumptions are based on current facts, historical experience and various other factors that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about carrying values of assets and liabilities that are not readily apparent from other sources. The actual results we experience may differ materially and adversely from our original estimates. To the extent there are material differences between the estimates and the actual results, our future results of operations will be affected. Our future results of operations involve a number of risks and uncertainties. Factors that could affect our business or future results and cause actual results to vary materially from historical results include, but are not limited to, the ability to raise additional capital, complying with the requirements of being a public company, and our ability to execute our acquisition strategy. In September 2014, the Financial Accounting Standards Board, (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-15, “Presentation of Financial Statements-Going Concern (Subtopic 205-40), Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern”. This ASU provides guidance on determining when and how to disclose going-concern uncertainties in the financial statements. The new standard requires management to perform interim and annual assessments of an entity’s ability to continue as a going concern within one year of the date the financial statements are issued. An entity must provide certain disclosures if conditions or events raise substantial doubt about the entity’s ability to continue as a going concern. The ASU applies to all entities and is effective for annual periods ending after December 15, 2016, and interim periods thereafter, with early adoption permitted. The Company adopted ASU 2014-15 for the year ending December 31, 2017. There was no impact on the results of operations, however, additional disclosures are made. In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)”, which replaces the existing guidance in ASC Topic 840, “Leases”. The new standard establishes a right-of-use (ROU) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. The guidance is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years and requires retrospective application. The Company is currently evaluating the impact of ASU 2016-02 to its consolidated financial statements. In August 2016, the FASB issued ASU No. 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payment,” which clarifies how cash receipts and cash payments in certain transactions are presented and classified in the statement of cash flows. The effective date of this update is for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017, with early adoption permitted. The update requires retrospective application to all periods presented but may be applied prospectively if retrospective application is impracticable. The Company early adopted ASU No. 2016-15 effective January 1, 2017 and applied it retroactively. There was no impact on our consolidated financial statements. In January 2017, the FASB issued ASU 2017-01, “Business Combinations (Topic 805): Clarifying the Definition of a Business”, clarifying the definition of a business, reducing the number of transactions that need to be further evaluated and providing a framework to assist entities in evaluating whether both an input and a substantive process are present. The amendments in the ASU specify that when the fair value of the gross assets acquired or disposed of is concentrated in a single identifiable asset or a group of similar identifiable assets, the integrated set of assets and activities is not a business. The guidance also requires that an integrated set of assets and activities must include, at a minimum, an input and a substantive process that together significantly contribute to the ability to create output to be considered a business, and removes the evaluation of whether a market participant could replace the missing elements. The ASU is effective for annual periods beginning after December 15, 2018, and interim periods within annual periods beginning after December 15, 2019, with early adoption permitted. The Company does not expect the impact on our consolidated financial statements to be material. We reviewed all other recently issued accounting pronouncements and concluded they are not applicable or not expected to be material to our financial statements.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2017
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 2 - RELATED PARTY TRANSACTIONS Steven N. Bronson, the Company's Chairman, President, CEO, and majority shareholder has loaned the Company money to fund working capital needs to pay operating expenses. The loans are repayable upon demand and accrue interest at the rate of 10 Principal Interest Balance January 1, 2016 $ 77,050 $ 9,673 Additions 29,900 8,634 Cash Payments - - Balance December 31, 2016 $ 106,950 $ 18,307 Additions 20,000 11,703 Cash Payments - - Balance December 31, 2017 $ 126,950 $ 30,010 During the years ended December 31, 2017 and 2016, the Company occupied a portion of the offices occupied by BKF Capital Group, Inc., on a month to month basis for a rental fee of $ 50

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 3 - INCOME TAXES Years Ended December 31, 2017 2016 INCOME TAX PROVISION (BENEFIT): Current Federal $ - $ - State, net of federal benefit - - Valuation Allowance - - Total current - - Deferred: Federal 73,540 (9,260) State, net of federal benefit (6,387) (1,542) Valuation Allowance (67,153) 10,802 Total deferred - - Total income tax provision (benefit) $ - $ - Years Ended December 31, 2017 2016 $ % $ % Federal income tax provision (benefit) at statutory rate $ (12,542) 34.0 % $ (10,028) 34.0 % State tax expense net of federal tax benefit (2,055) 5.6 % (1,654) 5.7 % Nondeductible expenses 297 (0.8) % - 0.0 % Change in statutory tax rate 81,714 (220.8) % - 0.0 % Change in valuation allowance (67,414) 182.0 % 11,702 (39.7) % Income tax provision (benefit) $ - 0.0 % $ - 0.0 % Years Ended December 31, 2017 2016 DEFERRED TAX ASSETS, NET Net operating loss carryforward $ 154,379 $ 223,430 Accruals 8,929 7,292 Total deferred tax assets $ 163,308 $ 230,722 Valuation allowance (163,308) (230,722) Net deferred tax assets $ - $ - At December 31, 2017, the Company has a federal net operating loss carry-forward of approximately $ 628,000 2020 and 2037 At December 31, 2017, the Company has a state net operating loss carry-forward of approximately $ 345,000 2028 and 2037 In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred income tax assets will not be realized. The ultimate realization of deferred income tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred income tax liabilities, projected future taxable income, and tax planning strategies in making this assessment. Based on consideration of these items, management has determined that enough uncertainty exists relative to the realization of the deferred income tax asset balances to warrant the application of a full valuation allowance as of December 31, 2017. The valuation allowance at December 31, 2017 was $ 163,308 67,414 35 21 Under GAAP, we use the asset and liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Due to the reduction in our federal corporate tax rate from 34% to 21%, we revalued our net deferred tax assets and lowered the amount by $ 81,714 U.S. federal income tax returns after 2013 remain open to examination. Generally, state income tax returns after 2012 remain open to examination. No income tax returns are currently under examination. As of December 31, 2017 and 2016, the Company does not have any unrecognized tax benefits, and continues to monitor its current and prior tax positions for any changes. The Company recognizes penalties and interest related to unrecognized tax benefits as income tax expense. For the years ended December 31, 2017 and 2016, there were no penalties or interest recorded in income tax expense.

SUBSEQUENT EVENT

SUBSEQUENT EVENT	12 Months Ended
	Dec. 31, 2017
Subsequent Events [Abstract]
SUBSEQUENT EVENT	NOTE 4-SUBSEQUENT EVENTS In the first quarter of 2018, the Company borrowed an additional $12,500 under the related party note payable. As of March 30, 2018, the aggregate principal loan balance amounted to $139,450 and such loans have accrued interest of $33,416 through March 30, 2017.

SUMMARY OF SIGNIFICANT ACCOUN11

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
ORGANIZATION AND NATURE OF OPERATIONS	ORGANIZATION AND NATURE OF OPERATIONS Ridgefield Acquisition Corp. (“we”, “us”, “our”, “Ridgefield” or the “Company”) was incorporated under the laws of the State of Colorado on October 13, 1983. Effective June 23, 2006, the Company was reincorporated under the laws of the State of Nevada through the merger of the Company with a wholly-owned subsidiary of the Company. Since July 2000, the Company has suspended all operations, except for necessary administrative matters. The Company has no principal operations or revenue producing activities. The Company is now pursuing an acquisition strategy whereby it is seeking to arrange for a merger, acquisition or other business combination with a viable operating entity.
GOING CONCERN AND LIQUIDITY	GOING CONCERN AND LIQUIDITY At December 31, 2017, the Company had a working capital deficit and an accumulated deficit. The Company has continued to sustain losses from operations. In addition, the Company has not generated positive cash flow from operations. Management is aware that its current cash resources are not adequate to fund its operations for the following year. The Company cannot provide any assurances as to if and when it will be able to attain profitability. These conditions, among others, raise substantial doubt about the Company's ability to continue operations as a going concern. No adjustment has been made in the consolidated financial statements to the amounts and classification of assets and liabilities, which could result, should the Company be unable to continue as a going concern.
PRINCIPLES OF CONSOLIDATION	PRINCIPLES OF CONSOLIDATION The accompanying financial statements include the accounts of the Company and its wholly owned subsidiary. All inter-company transactions have been eliminated in consolidation.
RECLASSIFICATION	RECLASSIFICATION Certain prior period amounts have been reclassified for consistency with the current period presentation. These reclassifications had no effect on the reported results of operations.
INCOME TAXES	INCOME TAXES We account for income taxes under the asset and liability method, whereby deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis and operating loss and tax credit carryforwards. We assess the likelihood that our deferred tax assets will be recovered from future taxable income and to the extent we believe that recovery is not determinable beyond a “more likely than not” standard, we establish a valuation allowance. To the extent we establish a valuation allowance or increase or decrease this allowance in a period, we include an expense or benefit within the tax provision in the statement of operations. We also utilize a “more likely than not” recognition threshold and measurement analysis for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. . The Company does not have any uncertain tax positions. We recognize potential accrued interest and penalties related to unrecognized tax benefits within the consolidated statements of operations as income tax expense.
INCOME PER COMMON SHARE	INCOME PER COMMON SHARE Basic income (loss) per common share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding during the year. Diluted income per common share is calculated by adjusting outstanding shares, assuming conversion of all potentially dilutive convertible equity instruments consisting of options. There is no difference in the calculation of basic and diluted income per share for 2017 and 2016, respectively.
CASH EQUIVALENTS	CASH EQUIVALENTS The Company considers as cash equivalents all highly liquid investments with a maturity of 90 days or less at the time of purchase. At December 31, 2017, and 2016, the Company had no cash equivalents.
RELATED PARTIES	RELATED PARTIES The Company defines a related person as any director, executive officer, nominee for director, or greater than 5
USE OF ESTIMATES	USE OF ESTIMATES The preparation of consolidated financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and disclosures made in the accompanying notes to the consolidated financial statements. Management regularly evaluates estimates and assumptions related to revenue recognition, allowances for doubtful accounts, warranty reserves, inventory valuation reserves, stock-based compensation, purchased intangible asset valuations and useful lives, asset retirement obligations, and deferred income tax asset valuation allowances. These estimates and assumptions are based on current facts, historical experience and various other factors that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about carrying values of assets and liabilities that are not readily apparent from other sources. The actual results we experience may differ materially and adversely from our original estimates. To the extent there are material differences between the estimates and the actual results, our future results of operations will be affected.
RISK AND UNCERTAINTIES	RISK AND UNCERTAINTIES Our future results of operations involve a number of risks and uncertainties. Factors that could affect our business or future results and cause actual results to vary materially from historical results include, but are not limited to, the ability to raise additional capital, complying with the requirements of being a public company, and our ability to execute our acquisition strategy.
NEW ACCOUNTING STANDARDS	NEW ACCOUNTING STANDARDS In September 2014, the Financial Accounting Standards Board, (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-15, “Presentation of Financial Statements-Going Concern (Subtopic 205-40), Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern”. This ASU provides guidance on determining when and how to disclose going-concern uncertainties in the financial statements. The new standard requires management to perform interim and annual assessments of an entity’s ability to continue as a going concern within one year of the date the financial statements are issued. An entity must provide certain disclosures if conditions or events raise substantial doubt about the entity’s ability to continue as a going concern. The ASU applies to all entities and is effective for annual periods ending after December 15, 2016, and interim periods thereafter, with early adoption permitted. The Company adopted ASU 2014-15 for the year ending December 31, 2017. There was no impact on the results of operations, however, additional disclosures are made. In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)”, which replaces the existing guidance in ASC Topic 840, “Leases”. The new standard establishes a right-of-use (ROU) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. The guidance is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years and requires retrospective application. The Company is currently evaluating the impact of ASU 2016-02 to its consolidated financial statements. In August 2016, the FASB issued ASU No. 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payment,” which clarifies how cash receipts and cash payments in certain transactions are presented and classified in the statement of cash flows. The effective date of this update is for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017, with early adoption permitted. The update requires retrospective application to all periods presented but may be applied prospectively if retrospective application is impracticable. The Company early adopted ASU No. 2016-15 effective January 1, 2017 and applied it retroactively. There was no impact on our consolidated financial statements. In January 2017, the FASB issued ASU 2017-01, “Business Combinations (Topic 805): Clarifying the Definition of a Business”, clarifying the definition of a business, reducing the number of transactions that need to be further evaluated and providing a framework to assist entities in evaluating whether both an input and a substantive process are present. The amendments in the ASU specify that when the fair value of the gross assets acquired or disposed of is concentrated in a single identifiable asset or a group of similar identifiable assets, the integrated set of assets and activities is not a business. The guidance also requires that an integrated set of assets and activities must include, at a minimum, an input and a substantive process that together significantly contribute to the ability to create output to be considered a business, and removes the evaluation of whether a market participant could replace the missing elements. The ASU is effective for annual periods beginning after December 15, 2018, and interim periods within annual periods beginning after December 15, 2019, with early adoption permitted. The Company does not expect the impact on our consolidated financial statements to be material. We reviewed all other recently issued accounting pronouncements and concluded they are not applicable or not expected to be material to our financial statements.

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2017
Related Party Transactions [Abstract]
Schedule of Related Party Transactions [Table Text Block]	During the years ended December 31, 2017 and December 31, 2016, the Company borrowed the following amounts under the Note: Principal Interest Balance January 1, 2016 $ 77,050 $ 9,673 Additions 29,900 8,634 Cash Payments - - Balance December 31, 2016 $ 106,950 $ 18,307 Additions 20,000 11,703 Cash Payments - - Balance December 31, 2017 $ 126,950 $ 30,010

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	Income tax provision (benefit) consists of the following for the years ended December 31, 2017 and 2016: Years Ended December 31, 2017 2016 INCOME TAX PROVISION (BENEFIT): Current Federal $ - $ - State, net of federal benefit - - Valuation Allowance - - Total current - - Deferred: Federal 73,540 (9,260) State, net of federal benefit (6,387) (1,542) Valuation Allowance (67,153) 10,802 Total deferred - - Total income tax provision (benefit) $ - $ -
Schedule of Effective Income Tax Rate Reconciliation	A reconciliation of the income tax provision (benefit) by applying the statutory United States federal income tax rate to net income before income tax provision (benefit) is as follows: Years Ended December 31, 2017 2016 $ % $ % Federal income tax provision (benefit) at statutory rate $ (12,542) 34.0 % $ (10,028) 34.0 % State tax expense net of federal tax benefit (2,055) 5.6 % (1,654) 5.7 % Nondeductible expenses 297 (0.8) % - 0.0 % Change in statutory tax rate 81,714 (220.8) % - 0.0 % Change in valuation allowance (67,414) 182.0 % 11,702 (39.7) % Income tax provision (benefit) $ - 0.0 % $ - 0.0 %
Schedule of Deferred Tax Assets and Liabilities	Significant deferred tax assets and liabilities, consist of the following: Years Ended December 31, 2017 2016 DEFERRED TAX ASSETS, NET Net operating loss carryforward $ 154,379 $ 223,430 Accruals 8,929 7,292 Total deferred tax assets $ 163,308 $ 230,722 Valuation allowance (163,308) (230,722) Net deferred tax assets $ - $ -

SUMMARY OF SIGNIFICANT ACCOUN14

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual)	12 Months Ended
	Dec. 31, 2017
Minimum [Member]
Related Party Transactions, Ownership Percentage	5.00%

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - Management [Member] - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Principal Amount [Member]
Balance	$ 106,950	$ 77,050
Additions	20,000	29,900
Cash Payments	0	0
Balance	126,950	106,950
Interest Accrued [Member]
Balance	18,307	9,673
Additions	11,703	8,634
Cash Payments	0	0
Balance	$ 30,010	$ 18,307

RELATED PARTY TRANSACTIONS (D16

RELATED PARTY TRANSACTIONS (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Debt Instrument, Interest Rate, Stated Percentage	10.00%
BKF Capital Group, Inc. [Member]
Operating Leases, Rent Expense	$ 50	$ 50

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Current
Federal	$ 0	$ 0
State, net of federal benefit	0	0
Valuation Allowance	0	0
Total current	0	0
Deferred:
Federal	73,540	(9,260)
State, net of federal benefit	(6,387)	(1,542)
Valuation Allowance	(67,153)	10,802
Total deferred	0	0
Income tax provision (benefit)	$ 0	$ 0

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Federal income tax provision (benefit) at statutory rate	$ (12,542)	$ (10,028)
State tax expense net of federal tax benefit	(2,055)	(1,654)
Nondeductible expenses	297	0
Change in statutory tax rate	81,714	0
Change in valuation allowance	(67,414)	11,702
Income tax provision (benefit)	$ 0	$ 0
Federal income tax provision (benefit) at statutory rate, Percent	34.00%	34.00%
State tax expense net of federal tax benefit, Percent	5.60%	5.70%
Nondeductible expenses, Percent	(0.80%)	0.00%
Change in statutory tax rate, Percent	(220.80%)	0.00%
Change in valuation allowance, Percent	182.00%	(39.70%)
Income tax provision (benefit), Percent	0.00%	0.00%

INCOME TAXES (Details 2)

INCOME TAXES (Details 2) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
DEFERRED TAX ASSETS, NET
Net operating loss carryforward	$ 154,379	$ 223,430
Accruals	8,929	7,292
Total deferred tax assets	163,308	230,722
Valuation allowance	(163,308)	(230,722)
Net deferred tax assets	$ 0	$ 0

INCOME TAXES (Details Textual)

INCOME TAXES (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Valuation allowance		$ 163,308	$ 230,722
Valuation Allowance, Deferred Tax Asset, Change in Amount		$ 67,414
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent		34.00%	34.00%
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount		$ 81,714	$ 0
Scenario, Plan [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%
Domestic Tax Authority [Member]
Operating Loss Carryforwards		$ 628,000
Operating Loss Carryforwards, Expiration Years		2020 and 2037
State and Local Jurisdiction [Member]
Operating Loss Carryforwards		$ 345,000
Operating Loss Carryforwards, Expiration Years		2028 and 2037

SUBSEQUENT EVENTS (Details Text

SUBSEQUENT EVENTS (Details Textual) - Management [Member] - Subsequent Event [Member] - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 30, 2018
Proceeds from Notes Payable	$ 12,500
Notes Payable, Related Parties		$ 139,450
Interest Payable		$ 33,416