Totaligent (TGNT) 10-K 28 Mar 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Mar. 28, 2017	Jun. 30, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	SOURCE FINANCIAL, INC.
Entity Central Index Key	846,377
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	10-K
Document Period End Date	Dec. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 475,131
Entity Common Stock, Shares Outstanding		10,748,884

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2016	Dec. 31, 2015
CURRENT ASSETS:
Cash and cash equivalents	$ 15,646	$ 452
Prepaid	23,333
Convertible notes receivable	250,000
Total Current Assets	288,979	452
Intangible assets, net of accumulated amortization of $11,587 and $5,365, respectively	28,220	31,169
TOTAL ASSETS	317,199	31,621
CURRENT LIABILITIES:
Accounts payable and accrued expenses	271,837
Advances from officer	6,775
Notes payable	8,000
Convertible notes payable	350,000
Total Current Liabilities	636,612
TOTAL LIABILITIES	636,612
STOCKHOLDERS' EQUITY (DEFICIT)
Preferred stock, $0.01 par value, 10,000 shares authorized, designated as Series C Preferred stock, 2,082 and 4,500 issued and outstanding as of December 31, 2016 and December 31, 2015, respectively	21	45
Common stock, $0.001 par value, 12,000,000 shares authorized, 10,748,884 and 1,659,574 shares issued and outstanding as of December 31, 2016 and December 31, 2015, respectively	10,749	1,660
Additional paid in capital	296,321	140,244
Accumulated deficit	(626,504)	(110,328)
Total Stockholders' Equity (Deficit)	(319,413)	31,621
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$ 317,199	$ 31,621

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Net of accumulated amortization	$ 11,587	$ 5,365
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	10,000	10,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	12,000,000	12,000,000
Common stock, shares issued	10,748,884	1,659,574
Common stock, shares outstanding	10,748,884	1,659,574
Series C Preferred Stock
Preferred stock, shares issued	2,082	4,500
Preferred stock, shares outstanding	2,082	4,500

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
EXPENSES
General and administrative	$ 403,557	$ 10,740
Loss on litigation	108,000
TOTAL EXPENSES	511,557	10,740
Loss from operations	(511,557)	(10,740)
OTHER EXPENSES
Interest expense	(4,619)	(7,798)
TOTAL OTHER EXPENSES	(4,619)	(7,798)
NET LOSS	$ (516,176)	$ (18,538)
NET LOSS PER SHARE:
BASIC AND DILUTED	$ (0.11)	$ (0.01)
WEIGHTED AVERAGE SHARES OUTSTANDING:
BASIC AND DILUTED	4,853,215	1,539,781

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Deficit) - USD ($)	Total	Preferred Stock	Common Stock	Additional Paid-in Capital	Accumulated Deficit
Balance at Dec. 31, 2014	$ (91,775)	$ 43	$ 1,533	$ (1,561)	$ (91,790)
Balance, shares at Dec. 31, 2014		4,313	1,531,914
Debt to equity conversion	110,000	$ 2	$ 112	109,886
Debt to equity conversion, shares		164	112,340
Common stock for assets	15,000		$ 15	14,985
Common stock for assets, shares		23	15,320
Forgiveness of debt	16,934			16,934
Net loss	(18,538)				(18,538)
Balance at Dec. 31, 2015	31,621	$ 45	$ 1,660	140,244	(110,328)
Balance, shares at Dec. 31, 2015		4,500	1,659,574
Common stock for assets	18		$ 1,430	(1,412)
Common stock for assets, shares			1,429,786
Issuance of common stock in connection with recapitalization	(3,586)		$ 2,738	(6,324)
Issuance of common stock in connection with recapitalization, shares			2,738,632
Common stock for settlement	108,000		$ 750	107,250
Common stock for settlement, shares			750,000
Common stock for services	60,710		$ 467	60,243
Common stock for services, shares			467,000
Conversion of Series C for common stock		$ (24)	$ 3,704	(3,680)
Conversion of Series C for common stock, shares		(2,418)	3,703,892
Net loss	(516,176)				(516,176)
Balance at Dec. 31, 2016	$ (319,413)	$ 21	$ 10,749	$ 296,321	$ (626,504)
Balance, shares at Dec. 31, 2016		2,082	10,748,884

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
CASH FLOWS USED IN OPERATING ACTIVITIES
Net loss	$ (516,176)	$ (18,538)
Adjustments to reconcile net loss to cash used in operating activities:
Amortization of intangible assets	6,222	674
Stock-based compensation	325,246
Common stock for settlement	108,000
Changes in operating assets and liabilities
Prepaid	(23,333)
Accounts payable and accrued expenses	3,715	7,798
Net Cash Used in Operating Activities	(96,326)	(10,066)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of intangible assets	(3,255)
Convertible note receivable	(250,000)
Net Cash Used in Investing Activities	(253,255)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from convertible notes payable	350,000	10,000
Advances from officer	6,775
Proceeds from notes payable	8,000
Net Cash Provided by Financing Activities	364,775	10,000
NET CHANGE IN CASH	15,194	(66)
CASH - BEGINNING	452	518
CASH - ENDING	15,646	452
Cash paid for:
Interest
Income taxes
Supplemental disclosures of non-cash transactions:
Common stock for advances		110,000
Conversion of preferred stock to common stock	3,680
Common stock for intangible assets	18	15,000
Net liabilities assumed in connection with recapitalization	3,586
Forgiveness of debt		$ 16,934

Organization, Description of Bu

Organization, Description of Business, and Basis of Accounting	12 Months Ended
	Dec. 31, 2016
Organization, Description of Business, and Basis of Accounting [Abstract]
Organization, Description of Business, and Basis of Accounting	Note 1 - Organization, Description of Business, and Basis of Accounting Business Organization On June 30, 2016, Source Financial, Inc. (“Source Financial” or “the Company”) entered into a Share Exchange Agreement with Venture Track, Inc. (“Venture Track”). Pursuant to the Share Exchange Agreement, Venture Track agreed to exchange 100% of its outstanding common stock for 3,089,360 shares of common stock and 4,500 shares of Series C Convertible Preferred Stock, par value $0.01 per share (the “Series C Preferred Stock”), of Source Financial. The 4,500 shares of Series C Preferred Stock are convertible into 6,893,100 shares of the Company’s common stock, at the rate of 1,531.80 per share. The share exchange is accounted for as a reverse merger with Venture Track being the accounting acquirer as it retained control of Source Financial after the exchange. Source Financial is the legal parent company; the share exchange was treated as a recapitalization of Venture Track. Venture Track, Inc. was originally incorporated in the state of Delaware in February 2014 as Songstress, Inc. On May 13, 2015, the Company changed its name to Scoocher, Inc. and then to Venture Track, Inc. in February 2016. The Company is a development stage company that launched a proprietary Content Monetization Engine that provides the music industry with a safe, simple and reliable platform to monetize new and existing content on the Internet. Basis of Presentation The accompanying consolidated financial statements include the accounts of Source Financial, Inc. and its wholly owned subsidiary Venture Track, Inc. and have been prepared in accordance with accounting principles generally accepted in the United States. All significant intercompany transactions and balances have been eliminated in consolidation.

Summary of Significant Account

Summary of Significant Account Policies	12 Months Ended
	Dec. 31, 2016
Summary of Significant Account Policies [Abstract]
Summary of Significant Account Policies	Note 2 – Summary of Significant Account Policies Accounting Basis These financial statements have been prepared on the accrual basis of accounting following generally accepted accounting principles of the United States of America consistently applied. The Company’s fiscal year end is December 31. Cash and Cash Equivalents For Statement of Cash Flows purposes, the Company considers all cash on hand and in banks, certificates of deposit and other highly-liquid investments with original maturities of three months or less, when purchased, to be cash and cash equivalents. There were no cash equivalents at December 31, 2016 and 2015. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Recently Issued Accounting Pronouncements Except for rules and interpretive releases of the SEC under authority of federal securities laws and a limited number of grandfathered standards, the FASB Accounting Standards Codification™ (“ASC”) is the sole source of authoritative GAAP literature recognized by the FASB and applicable to the Company. Management has reviewed the aforementioned rules and releases and believes any effect will not have a material impact on the Company's present or future consolidated financial statements. At the year ended December 31, 2016, the Company has adopted Accounting Standards Update (“ASU”) No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements. The adoption of this ASU allows the Company to remove the inception to date information and all references to development stage Dividends The Company has not yet adopted a policy regarding the payment of dividends. Earnings (Loss) per Share Basic earnings (loss) per share is computed by dividing the net income (loss) available to common shareholders by the weighted-average number of common shares outstanding during the respective period presented in our accompanying financial statements. Intangible Assets The Company’s intangible assets, which are recorded at cost, consist primarily of the unamortized cost basis of issued and pending patents and domain cost. These assets are being amortized on a straight line basis over their estimated useful lives. The Company continually evaluates the amortization period and carrying basis of intangible assets to determine whether subsequent events and circumstances warrant a revised estimated useful life or impairment in value. To date, no such impairment has occurred. To the extent such events or circumstances occur that could affect the recoverability of our intangible assets, we may incur changes for impairment in the future. Revenue Recognition Policy The Company recognizes revenue when persuasive evidence of an arrangement exists, delivery has occurred, the sales price is fixed or determinable and collection is probable. The Company has not recorded any revenue for years ended 2016 and 2015. Income Taxes The Company uses the asset and liability approach for accounting for income taxes, whereby deferred income taxes are recognized for the tax consequences in future years of differences in the tax bases of assets and liabilities and their financial reporting amounts based on enacted laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, if necessary, to reduce deferred tax assets to the amount expected to be realized. No material uncertain tax positions were identified during 2016 or 2015. The Company believes that its’ income tax filing positions and deductions will more-likely-than-not be sustained on audit and does not anticipate any adjustments that will result in a material adverse effect on the Company’s financial condition, results of operations or cash flows. Therefore, no reserves for uncertain income tax positions have been recorded. The Company is no longer subject to income tax examinations by the U.S federal, state, or local tax authorities for years before 2014. At December 31, 2016, a fully deferred tax asset valuation allowance has been provided and no deferred tax asset benefit has been recorded. Concentrations of Risk The Company does not have any concentration of risks as of December 31, 2016. Software Development Costs Software development costs include payments made to independent software developers under development arrangements primarily for the development of our smart-phone mobile applications (“Apps”). Software development costs are capitalized once technological feasibility of a product is established and it is determined that such costs should be recoverable against future revenues. For products where proven technology exists, this may occur early in the development cycle. Technological feasibility is evaluated on a product-by-product basis. Amounts related to software development that are not capitalized are charged immediately to product research and development costs. Commencing upon the related product’s release, capitalized software development costs are amortized to cost of sales based upon the higher of (i) the ratio of current revenue to total projected revenue or (ii) the straight-line method. The recoverability of capitalized software development costs is evaluated based on the expected performance of the specific products for which the costs relate. The following criteria are used to evaluate expected product performance: historical performance of comparable products using comparable technology and orders for the product prior to its release. Software development costs are included in intangible costs. Significant management judgments and estimates are utilized in the assessment of when technological feasibility is established, as well as in the ongoing assessment of the recoverability of capitalized costs. If revised forecasted or actual product sales are less than and/or revised forecasted or actual costs are greater than the original forecasted amount utilized in the initial recoverability analysis, the net realizable value may be lower than originally estimated in any given quarter, which could result in an impairment charge. Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All material inter-company transactions and accounts have been eliminated in consolidation.

Going Concern

Going Concern	12 Months Ended
	Dec. 31, 2016
Going Concern [Abstract]
Going Concern	Note 3 - Going Concern The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business. At December 31, 2016, the Company had accumulated losses of $626,504. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amount of liabilities that might be necessary should the Company be unable to continue as a going concern. The Company’s continued existence is dependent upon its ability to generate sufficient cash flows from operations to support its daily operations as well as provide sufficient resources to retire existing liabilities and obligations on a timely basis. It is the intent of management and significant stockholders to provide sufficient working capital necessary to support and preserve the integrity of the corporate entity. However, no formal commitments or arrangements to advance or loan funds to the Company or repay any such advances or loans exist.

Convertible Note Receivable

Convertible Note Receivable	12 Months Ended
	Dec. 31, 2016
Convertible Note Receivable / Notes Payable / Convertible Notes Payable [Abstract]
Convertible Note Receivable	Note 4 - Convertible Note Receivable On September 20, 2016, the Company entered into a Binding Memorandum of Understanding (“MOU”) agreement with CSES Group, Inc. In connection with the MOU the Company will provide a minimum of $250,000 in bridge loans to CSES Group, Inc., bearing interest at the rate of 10% per annum. As of December 31, 2016, the Company has advanced CSES Group, Inc. $250,000. The Company plans to adopt and execute a Share Exchange of the two corporate entities. Upon completion of the merger, the $250,000 notes shall be automatically converted into shares of the Company’s common stock at an issue price of $0.07, see note 12.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
Related Party Transactions	Note 5 - Related Party Transactions The Company receives advances from an officer of the Company for operation expenses. These advances, which are due on demand, have an interest rate of 12% per annum and have no collateral. As of December 31, 2016, the Company has advances outstanding of $6,775. In 2014, the Company received advances of $100,000 from an affiliate of the Company. In 2015, the Company received an additional $10,000 in advances. These advances have an interest rate of 12% per annum. On August 21, 2015, the Company issued 110,000 shares of common stock for the advances.

Notes Payable

Notes Payable	12 Months Ended
	Dec. 31, 2016
Convertible Note Receivable / Notes Payable / Convertible Notes Payable [Abstract]
Notes Payable	Note 6 - Notes Payable On March 21, 2016, the Company entered into a 6-month promissory note agreement of $3,000. The note payable, which was due on September 21, 2016, has an interest rate of 12% per annum and is unsecured. On September 21, 2016, the note was amended to a 1-year promissory note and is now due on March 21, 2017. As of December 31, 2016, the Company has an outstanding balance of $3,000. On March 23, 2016, the Company entered into a 6-month promissory note agreement of $5,000. The note payable, which was due on September 23, 2016, has an interest rate of 12% per annum and is unsecured. On September 23, 2016, the note was amended to a 1-year promissory note and is now due on March 23, 2017. As of December 31, 2016, the Company has an outstanding balance of $5,000.

Convertible Notes Payable

Convertible Notes Payable	12 Months Ended
	Dec. 31, 2016
Convertible Note Receivable / Notes Payable / Convertible Notes Payable [Abstract]
Convertible Notes Payable	Note 7 - Convertible Notes Payable On September 14, 2016, the Company entered into a demand convertible promissory note agreement of $250,000. The note payable, which has quarterly interest only payments, has an interest rate of 5% per annum, no maturity date and is unsecured. As of December 31, 2016, the Company has an outstanding balance of $250,000. The noteholder is entitled, at its option, to convert, at any time and from time to time, until payment in full, all or any part of the principal amount, into a total of 4,464,256 shares (or fraction thereof in the event of a partial conversion or conversions) of the Company’s common stock. As of December 31, 2016, the interest has not been paid and therefore the note is in default. However, the default does not change the terms of the merger and the convertible notes payable will be converted upon completion of the merger, see note 12. On December 5, 2016, the Company entered into a demand convertible promissory note agreement of $25,000. The note payable, which has quarterly interest only payments, has an interest rate of 5% per annum, no maturity date and is unsecured. As of December 31, 2016, the Company has an outstanding balance of $25,000. The noteholder is entitled, at its option, to convert, at any time and from time to time, until payment in full, all or any part of the principal amount, into a total of 357,143 shares (or fraction thereof in the event of a partial conversion or conversions) of the Company’s common stock. The convertible notes payable will be converted upon completion of the merger, see note 12. On December 19, 2016, the Company entered into a demand convertible promissory note agreement of $25,000. The note payable, which has quarterly interest only payments, has an interest rate of 5% per annum, no maturity date and is unsecured. As of December 31, 2016, the Company has an outstanding balance of $25,000. The noteholder is entitled, at its option, to convert, at any time and from time to time, until payment in full, all or any part of the principal amount, into a total of 357,143 shares (or fraction thereof in the event of a partial conversion or conversions) of the Company’s common stock. The convertible notes payable will be converted upon completion of the merger, see note 12. On December 19, 2016, the Company entered into a demand convertible promissory note agreement of $45,000. The note payable, which has quarterly interest only payments, has an interest rate of 5% per annum, no maturity date and is unsecured. As of December 31, 2016, the Company has an outstanding balance of $45,000. The noteholder is entitled, at its option, to convert, at any time and from time to time, until payment in full, all or any part of the principal amount, into a total of 642,857 shares (or fraction thereof in the event of a partial conversion or conversions) of the Company’s common stock. The convertible notes payable will be converted upon completion of the merger, see note 12. On December 30, 2016, the Company entered into a demand convertible promissory note agreement of $5,000. The note payable, which has quarterly interest only payments, has an interest rate of 5% per annum, no maturity date and is unsecured. As of December 31, 2016, the Company has an outstanding balance of $5,000. The noteholder is entitled, at its option, to convert, at any time and from time to time, until payment in full, all or any part of the principal amount, into a total of 71,428 shares (or fraction thereof in the event of a partial conversion or conversions) of the Company’s common stock. The convertible notes payable will be converted upon completion of the merger, see note 12.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2016
Stockholders' Equity [Abstract]
Stockholders' Equity	Note 8 – Stockholders’ Equity Preferred Stock The Company has 10,000 shares of Preferred Stock authorized, each having a par value of $0.01 per share, of which 5,000 shares are designated as Series C Preferred Stock. At December 31, 2016 and December 31, 2015, there were 2,082 and 4,500 Series C Preferred Stock issued and outstanding. Effective June 30, 2016, we completed a reverse merger, as agreed in the definitive Share Exchange Agreement, of 100% of the outstanding equity interests of Venture Track, Inc. Venture Track shareholders received 3,089,360 shares of common stock and 4,500 shares of Series C Convertible preferred stock for approximately 80% equity interest in the Company. The Company assumed $3,587 in liabilities at the time of closing. On October 4, 2016, the Company issued 100,000 shares to a shareholder in connection with a separation agreement from February 10, 2014. During the year ended December 31, 2016, the Company issued 3,703,892 common shares for the conversion of 2,418 Series C Preferred Stock. Common Stock The Company has 12,000,000 common shares authorized at a par value of $0.001. At December 31, 2016 and December 31, 2015, there were 10,748,884 and 1,659,574 shares issued and outstanding, respectively. On August 21, 2015, the Company issued 112,340 shares of common stock for advances of $110,000 and the affiliate of the Company forfeited a total of $16,934 of interest accrued. During 2015, the Company issued 15,320 shares of common stock for software development valued at $15,000. On February 9, 2016, Venture Track purchased from a Spider Investments, LLC, all rights, title and interest in and to the development of the apps in exchange for the issuance of 1,429,786 shares of Common Stock for a total value of $18, the intangibles original basis prior to the reverse merger with Source Financial. On June 30, 2016, prior to the merger with Venture Track, Inc., Source Financial, Inc. entered into a Share Exchange Agreement (the “Moneytech Agreement”) with Moneytech Group Pty Ltd. and certain shareholders of Source Financial, Inc. Pursuant to the terms of the Moneytech Agreement, an aggregate of 6,076,679 shares of Source Financial’s common stock and 5,000 shares of Series B Preferred Stock were to be cancelled, and a total of 2,714,957 shares of Source Financial’s common stock were still outstanding. Source Financial was only able to cancel 6,053,004 shares of their common stock and 5,000 shares of Series B Preferred Stock. Source Financial was unable to cancel 23,675 shares of common stock in accordance with the Moneytech Share Exchange Agreement. On June 30, 2016, Source Financial, Inc. (“Source Financial”) entered into a Share Exchange Agreement with Venture Track. Pursuant to the Share Exchange Agreement, Venture Track agreed to exchange 100% of its outstanding common stock for 3,089,360 shares of common stock and 4,500 shares of Series C Convertible Preferred Stock, par value $0.01 per share (the “Series C Preferred Stock”), of Source Financial. The 4,500 shares of Series C Preferred Stock are convertible into 6,893,100 shares of the Company’s common stock, at the rate of 1,531.80 per share. The share exchange is accounted for as a reverse merger with Venture Track being the accounting acquirer as it retained control of Source Financial, Inc. after the exchange. Source Financial is the legal parent company; the share exchange was treated as a recapitalization of Venture Track. On October 3, 2016, the Company issued a total of 467,000 shares of common stock to two consultants for consulting services valued at $60,710. On October 10, 2016, the Company issued 750,000 shares of common stock valued at $108,000, as per the settlement agreement. See note 10 for litigation details.

Stock Options

Stock Options	12 Months Ended
	Dec. 31, 2016
Stock Options [Abstract]
Stock Options	Note 9 – Stock Options On August 22, 2013, the Company granted 25,000 Stock Options to a contractor. These Stock Options are exercisable at an exercise price of $1.30 per share. The options vested and became exercisable immediately upon granting and expired on August 22, 2016. The stock options were valued based on the value of his services. On August 22, 2016, the stock options were not exercised and expired.

Litigation

Litigation	12 Months Ended
	Dec. 31, 2016
Litigation [Abstract]
Litigation	Note 10 – Litigation A dispute arose between a consultant and the Company regarding $108,000 in payments made by consultant on behalf of the Company in 2014 and 2013. The Parties agreed that all lawsuits, claims and controversies between them are settled with the Company’s payment of 750,000 shares of common stock to consultant. On October 10, 2016, the Company issued 750,000 shares of common stock to consultant for settlement.

Commitments

Commitments	12 Months Ended
	Dec. 31, 2016
Commitments [Abstract]
Commitments	Note 11 – Commitments On September 16, 2016, the Company entered into a consulting agreement ending on December 31, 2017. The Company is committed to issue the consultant 20,404,987 shares of common stock for a total value of $1,209,283. As of December 31, 2016, the Company does not have the common stock authorized to issue these shares and plans to increase authorized capital to 500,000,000 shares of common stock. The Company recorded stock-based compensation and common stock payable of $264,536 for the year ended December 31, 2016. The Company maintains its principal office at 604 Arizona Ave, Santa Monica, CA 90401, pursuant to a month-to-month lease at the rate of $75 per month.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2016
Subsequent Events [Abstract]
Subsequent Events	Note 12 – Subsequent Events On January 24, 2017, the Company, CSES Group, Inc. (“CSES”) and CSES Acquisition, Inc. (“Merger Sub”) executed an Agreement and Plan of Merger (the “Merger Agreement”) pursuant to which Merger Sub will be merged into CSES (the “Merger”), each outstanding share of common stock of CSES will be converted into 10.65375 shares of the Company’s Common Stock (the “Exchange Ratio”) and each outstanding warrant and option to purchase CSES common shares will be cancelled in exchange for a warrant or option to purchase shares of the Company’s Common Stock based on the Exchange Ratio. As a result of the Merger, the former stockholders of CSES will own approximately 76.60% of the Company’s Common Stock to be outstanding immediately following the Merger. This percentage does not give effect to any warrants or options (or a convertible note). As a result of the Merger, CSES will become a wholly owned subsidiary of the Company. In connection with the merger, the $350,000 convertible promissory notes discussed in note 6 will be converted into the Company’s common stock. The Merger is subject to the satisfaction of certain closing conditions including that all derivatives securities of the Company will be cancelled or converted so that, as of the Closing of the Merger, the Company will have no more than 38,807,335 shares of Common Stock outstanding, all of the directors and officers of the Company will have resigned effective upon the election and appointment of the CSES nominees, the Company will have not more than $25,000 in liabilities and an amendment to the Company Certificate of Incorporation will have been filed with the Delaware Secretary of State increasing the authorized shares of Common Stock of the Company to 500,000,000 and of the Company’s Preferred Stock to 10,000,000 and changing the Company’s name to Alltemp, Inc. CSES is a privately held Nevada corporation. CSES has developed a proprietary refrigerant technology that management of CSES believes is a replacement for many refrigerants that have detrimentally affected the global environment. As the date of the filing, the transaction has not closed, as certain closing conditions have not yet been met. The Company believes these conditions will be met shortly after the filing.

Summary of Significant Accoun19

Summary of Significant Account Policies (Policies)	12 Months Ended
	Dec. 31, 2016
Summary of Significant Account Policies [Abstract]
Accounting Basis	Accounting Basis These financial statements have been prepared on the accrual basis of accounting following generally accepted accounting principles of the United States of America consistently applied. The Company’s fiscal year end is December 31.
Cash and Cash Equivalents	Cash and Cash Equivalents For Statement of Cash Flows purposes, the Company considers all cash on hand and in banks, certificates of deposit and other highly-liquid investments with original maturities of three months or less, when purchased, to be cash and cash equivalents. There were no cash equivalents at December 31, 2016 and 2015.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Except for rules and interpretive releases of the SEC under authority of federal securities laws and a limited number of grandfathered standards, the FASB Accounting Standards Codification™ (“ASC”) is the sole source of authoritative GAAP literature recognized by the FASB and applicable to the Company. Management has reviewed the aforementioned rules and releases and believes any effect will not have a material impact on the Company's present or future consolidated financial statements. At the year ended December 31, 2016, the Company has adopted Accounting Standards Update (“ASU”) No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements. The adoption of this ASU allows the Company to remove the inception to date information and all references to development stage
Dividends	Dividends The Company has not yet adopted a policy regarding the payment of dividends.
Earnings (Loss) per Share	Earnings (Loss) per Share Basic earnings (loss) per share is computed by dividing the net income (loss) available to common shareholders by the weighted-average number of common shares outstanding during the respective period presented in our accompanying financial statements.
Intangible Assets	Intangible Assets The Company’s intangible assets, which are recorded at cost, consist primarily of the unamortized cost basis of issued and pending patents and domain cost. These assets are being amortized on a straight line basis over their estimated useful lives. The Company continually evaluates the amortization period and carrying basis of intangible assets to determine whether subsequent events and circumstances warrant a revised estimated useful life or impairment in value. To date, no such impairment has occurred. To the extent such events or circumstances occur that could affect the recoverability of our intangible assets, we may incur changes for impairment in the future.
Revenue Recognition Policy	Revenue Recognition Policy The Company recognizes revenue when persuasive evidence of an arrangement exists, delivery has occurred, the sales price is fixed or determinable and collection is probable. The Company has not recorded any revenue for years ended 2016 and 2015.
Income Taxes	Income Taxes The Company uses the asset and liability approach for accounting for income taxes, whereby deferred income taxes are recognized for the tax consequences in future years of differences in the tax bases of assets and liabilities and their financial reporting amounts based on enacted laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, if necessary, to reduce deferred tax assets to the amount expected to be realized. No material uncertain tax positions were identified during 2016 or 2015. The Company believes that its’ income tax filing positions and deductions will more-likely-than-not be sustained on audit and does not anticipate any adjustments that will result in a material adverse effect on the Company’s financial condition, results of operations or cash flows. Therefore, no reserves for uncertain income tax positions have been recorded. The Company is no longer subject to income tax examinations by the U.S federal, state, or local tax authorities for years before 2014. At December 31, 2016, a fully deferred tax asset valuation allowance has been provided and no deferred tax asset benefit has been recorded.
Concentrations of Risk	Concentrations of Risk The Company does not have any concentration of risks as of December 31, 2016.
Software Development Costs	Software Development Costs Software development costs include payments made to independent software developers under development arrangements primarily for the development of our smart-phone mobile applications (“Apps”). Software development costs are capitalized once technological feasibility of a product is established and it is determined that such costs should be recoverable against future revenues. For products where proven technology exists, this may occur early in the development cycle. Technological feasibility is evaluated on a product-by-product basis. Amounts related to software development that are not capitalized are charged immediately to product research and development costs. Commencing upon the related product’s release, capitalized software development costs are amortized to cost of sales based upon the higher of (i) the ratio of current revenue to total projected revenue or (ii) the straight-line method. The recoverability of capitalized software development costs is evaluated based on the expected performance of the specific products for which the costs relate. The following criteria are used to evaluate expected product performance: historical performance of comparable products using comparable technology and orders for the product prior to its release. Software development costs are included in intangible costs. Significant management judgments and estimates are utilized in the assessment of when technological feasibility is established, as well as in the ongoing assessment of the recoverability of capitalized costs. If revised forecasted or actual product sales are less than and/or revised forecasted or actual costs are greater than the original forecasted amount utilized in the initial recoverability analysis, the net realizable value may be lower than originally estimated in any given quarter, which could result in an impairment charge.
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All material inter-company transactions and accounts have been eliminated in consolidation.

Organization, Description of 20

Organization, Description of Business, and Basis of Accounting (Details) - $ / shares	1 Months Ended
	Jun. 30, 2016	Dec. 31, 2016	Dec. 31, 2015
Organization, Description of Business, and Basis of Accounting (Textual)
Common stock, shares issued		10,748,884	1,659,574
Convertible preferred stock, per share		$ 0.07
Venture Track, Inc. [Member]
Organization, Description of Business, and Basis of Accounting (Textual)
Percentage of common stock exchange	100.00%
Common stock, shares issued	3,089,360
Series C Preferred Stock [Member]
Organization, Description of Business, and Basis of Accounting (Textual)
Convertible preferred stock		5,000
Series C Preferred Stock [Member] | Venture Track, Inc. [Member]
Organization, Description of Business, and Basis of Accounting (Textual)
Convertible preferred stock	4,500
Convertible preferred stock, per share	$ 0.01
Series C Preferred Stock [Member] | Parent [Member]
Organization, Description of Business, and Basis of Accounting (Textual)
Convertible preferred stock	6,893,100
Convertible preferred stock, per share	$ 1,531.80

Going Concern (Details)

Going Concern (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Going Concern (Textual)
Accumulated losses	$ (626,504)	$ (110,328)

Convertible Note Receivable (De

Convertible Note Receivable (Details)	12 Months Ended
	Dec. 31, 2016USD ($)CorporateEntities$ / shares	Sep. 20, 2016USD ($)	Dec. 31, 2015USD ($)
Convertible Note Receivable (Textual)
Advanced amount	$ 250,000
Number of corporate entities | CorporateEntities	2
Converted into shares of common stock value	$ 250,000
Issuance price | $ / shares	$ 0.07
CSES Group, Inc. [Member]
Convertible Note Receivable (Textual)
Advanced amount	$ 250,000
Binding Memorandum of Understanding agreement [Member]
Convertible Note Receivable (Textual)
Bridge loans		$ 250,000
Interest rate		10.00%

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	Aug. 21, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Related Party Transactions (Textual)
Advances outstanding		$ 6,775
Advances received from affiliate			$ 10,000	$ 100,000
Interest rate		12.00%	12.00%	12.00%
Shares of common stock for advances	110,000

Notes Payable (Details)

Notes Payable (Details) - USD ($)	1 Months Ended		12 Months Ended
	Mar. 23, 2016	Mar. 21, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Notes Payable (Textual)
Notes payable			$ 8,000
Interest rate			12.00%	12.00%	12.00%
Promissory note agreement [Member]
Notes Payable (Textual)
Notes payable		$ 3,000
Debt due date		Sep. 21, 2016
Interest rate		12.00%
Debt instrument, description		On September 21, 2016, the note was amended to a 1-year promissory note and is now due on March 21, 2017.
Outstanding balance			$ 3,000
Promissory note agreement one [Member]
Notes Payable (Textual)
Notes payable	$ 5,000
Debt due date	Sep. 23, 2016
Interest rate	12.00%
Debt instrument, description	On September 23, 2016, the note was amended to a 1-year promissory note and is now due on March 23, 2017.
Outstanding balance			$ 5,000

Convertible Notes Payable (Deta

Convertible Notes Payable (Details) - USD ($)	Sep. 14, 2016	Dec. 30, 2016	Dec. 19, 2016	Dec. 05, 2016	Dec. 31, 2016
Demand convertible promissory note agreement [Member]
Convertible Notes Payable (Textual)
Convertible notes payable	$ 250,000
Interest rate	5.00%
Outstanding balance					$ 250,000
Debt conversion, shares					4,464,256
Demand convertible promissory note agreement one [Member]
Convertible Notes Payable (Textual)
Convertible notes payable				$ 25,000
Interest rate				5.00%
Outstanding balance					$ 25,000
Debt conversion, shares					357,143
Demand convertible promissory note agreement two [Member]
Convertible Notes Payable (Textual)
Convertible notes payable			$ 25,000
Interest rate			5.00%
Outstanding balance					$ 25,000
Debt conversion, shares					357,143
Demand convertible promissory note agreement three [Member]
Convertible Notes Payable (Textual)
Convertible notes payable			$ 45,000
Interest rate			5.00%
Outstanding balance					$ 45,000
Debt conversion, shares					642,857
Demand convertible promissory note agreement four [Member]
Convertible Notes Payable (Textual)
Convertible notes payable		$ 5,000
Interest rate		5.00%
Outstanding balance					$ 5,000
Debt conversion, shares					71,428

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($)	Oct. 04, 2016	Oct. 03, 2016	Feb. 09, 2016	Aug. 21, 2015	Oct. 10, 2016	Jun. 30, 2016	Dec. 31, 2016	Dec. 31, 2015
Stockholders' Equity (Textual)
Amount of common stock for advances				$ 16,934				$ 110,000
Shares of common stock for advances				110,000
Common stock for services							$ 60,710
Common stock for settlement	$ 100,000						108,000
Common stock for assets							$ 18	$ 15,000
Preferred stock, shares authorized							10,000	10,000
Preferred stock, par value							$ 0.01	$ 0.01
Common stock, shares authorized							12,000,000	12,000,000
Common stock, par value							$ 0.001	$ 0.001
Common stock, shares issued							10,748,884	1,659,574
Common stock, shares outstanding							10,748,884	1,659,574
Equity interest issued to acquire entity							80.00%
Liabilities assumed							$ 3,586
Stock issued during period shares cancelled						23,675	2,714,957
Convertible preferred stock, per share							$ 0.07
Common Stock [Member]
Stockholders' Equity (Textual)
Amount of common stock for advances				$ 110,000				$ 112
Shares of common stock for advances				112,340				112,340
Amount of shares to shareholder							2,738,632
Common stock for services		$ 60,710					$ 467
Common stock for services, shares		467,000					467,000
Common stock for settlement					$ 108,000		$ 750
Common stock for settlement, shares					750,000		750,000
Common stock for assets			$ 18				$ 1,430	$ 15
Common stock for assets, shares			1,429,786				1,429,786	15,320
Conversion of shares							3,703,892
Stock issued during period shares cancelled						6,053,004
Accrued interest forfeited				$ 16,934
Venture Track, Inc. [Member]
Stockholders' Equity (Textual)
Common stock, shares issued						3,089,360
Percentage of common stock exchange						100.00%
Moneytech Agreement [Member]
Stockholders' Equity (Textual)
Stock issued during period shares cancelled						6,076,679
Series B Preferred Stock [Member]
Stockholders' Equity (Textual)
Stock issued during period shares cancelled						5,000
Series B Preferred Stock [Member] | Moneytech Agreement [Member]
Stockholders' Equity (Textual)
Stock issued during period shares cancelled						5,000
Series C Preferred Stock [Member]
Stockholders' Equity (Textual)
Preferred stock, shares issued							2,082	4,500
Preferred stock, shares outstanding							2,082	4,500
Conversion of shares							2,418
Convertible preferred stock							5,000
Series C Preferred Stock [Member] | Venture Track, Inc. [Member]
Stockholders' Equity (Textual)
Convertible preferred stock						4,500
Convertible preferred stock, per share						$ 0.01
Series C Preferred Stock [Member] | Parent [Member]
Stockholders' Equity (Textual)
Convertible preferred stock						6,893,100
Convertible preferred stock, per share						$ 1,531.80

Stock Options (Details)

Stock Options (Details) - Stock Option [Member]	1 Months Ended
	Aug. 22, 2013$ / sharesshares
Stock Options (Textual)
Stock option granted | shares	25,000
Expiration date	Aug. 22, 2016
Exercise price | $ / shares	$ 1.30

Litigation (Details)

Litigation (Details) - Consultant [Member] - USD ($)	Oct. 10, 2016	Dec. 31, 2016	Dec. 31, 2014	Dec. 31, 2013
Litigation (Textual)
Payments made by consultant			$ 108,000	$ 108,000
Issuance of common stock for settlement	750,000	750,000

Commitments (Details)

Commitments (Details) - USD ($)	1 Months Ended	12 Months Ended
	Sep. 16, 2016	Dec. 31, 2016
Commitments (Textual)
Issuance of common stock for consulting services, value		$ 60,710
Consulting Agreement [Member]
Commitments (Textual)
Consulting agreement end date	Dec. 31, 2017
Issuance of common stock for consulting services, value	$ 1,209,283
Issuance of common stock for consulting services, shares	20,404,987
Issuance of common stock to increase authorized capital , shares		500,000,000
Stock based compensation and common stock payable, amount		$ 264,536
Lease rate of per month		$ 75

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)	1 Months Ended
	Jan. 24, 2017	Dec. 31, 2016	Dec. 31, 2015
Subsequent Events (Textual)
Convertible promissory notes		$ 350,000
Merger Agreement [Member] | Subsequent Events [Member]
Subsequent Events (Textual)
Converted into shares of common stock	10.65375
Ownership percentage of common stock	76.60%
Convertible promissory notes	$ 350,000
Merger, description	The Company will have no more than 38,807,335 shares of Common Stock outstanding, all of the directors and officers of the Company will have resigned effective upon the election and appointment of the CSES nominees, the Company will have not more than $25,000 in liabilities
Increase authorized capital shares of common stock	500,000,000
Increase authorized shares of preferred stock	10,000,000