DarkPulse (DPLS) 10-Q 12 Aug 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Aug. 08, 2019
Due from related party, payable in common stock
Entity Registrant Name	DarkPulse, Inc.
Entity Central Index Key	0000866439
Document Type	10-Q
Document Period End Date	Jun. 30, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		435,471,248
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2019
Entity Small Business	true
Entity Emerging Growth	false
Entity Interactive Data Current	Yes
Entity Incorporation State Country Code	DE
Entity File Number	000-18730

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
CURRENT ASSETS
Cash	$ 2,607	$ 72,294
Prepaid expenses	746	746
Total current assets	3,353	73,040
Other assets, net	114,176	70,679
Patents, net	466,431	486,932
Total assets	583,960	630,651
CURRENT LIABILITIES
Accounts payable	169,643	59,160
Convertible notes, net of discount $140,404 and $440,800 respectively	954,126	601,250
Derivative liability	563,088	653,831
Accrued liabilities	440,602	343,519
Contract liability, related party	42,000	42,000
Related party notes payable	44,096	44,096
Total current liabilities	2,213,555	1,743,856
Secured Debenture	1,145,636	1,102,243
Total liabilities	3,359,191	2,846,099
Commitments and Contingencies
STOCKHOLDERS' DEFICIT
Common stock (par value $0.01), 3,000,000,000 and 250,000,000 shares authorized, 239,174,606 and 89,680,567 shares issued and outstanding respectively	2,391,746	896,806
Treasury stock, 100,000 shares	(1,000)	(1,000)
Convertible preferred stock, Series D (par value $0.01) 100,000 shares authorized, 88,235 shares issued and outstanding respectively	883	883
Paid in capital in excess of par value	(470,491)	859,481
Non-controlling interest in a variable interest entity and subsidiary	(12,439)	(12,439)
Accumulated other comprehensive income	346,287	389,680
Accumulated deficit	(5,030,217)	(4,348,859)
TOTAL STOCKHOLDERS' DEFICIT	(2,775,231)	(2,215,448)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 583,960	$ 630,651

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Convertible Notes, discount	$ 140,404	$ 440,800
Convertible preferred stock - par value	$ 0.01	$ 0.01
Convertible preferred stock - shares authorized	100,000	100,000
Convertible preferred stock - shares issued	88,235	88,235
Convertible preferred stock - shares outstanding	88,235	88,235
Common stock par value (in Dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	3,000,000,000	250,000,000
Common stock, shares issued	239,174,606	89,680,567
Common stock, shares outstanding	239,174,606	89,680,567
Treasury stock shares	100,000	100,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Statement [Abstract]
Revenues	$ 0	$ 0	$ 0	$ 0
OPERATING EXPENSES
General and administrative expenses	59,906	0	104,512	0
Payroll and compensation	0	0	168,945	0
Legal expenses	48,094	0	48,094	0
Amortization of patents	12,757	12,757	25,514	25,514
Debt transaction expenses	12,800	0	24,900	0
Total operating expenses	133,556	12,757	371,965	25,514
OPERATING LOSS	(133,556)	(12,757)	(371,965)	(25,514)
OTHER INCOME (EXPENSE)
Interest expense	(180,658)	(11,474)	(349,246)	(24,025)
Loss on convertible notes	(74,092)	0	(304,396)	0
Gain on change in fair market values of derivative liabilities	513,516	0	344,248	0
TOTAL OTHER INCOME (EXPENSE)	258,766	(11,474)	(309,394)	(24,025)
NET INCOME (LOSS)	$ 125,210	$ (24,231)	$ (681,358)	$ (49,539)
GAIN (LOSS) PER SHARE: Basic and Diluted	$ 0	$ 0	$ (0.01)	$ 0
WEIGHTED AVERAGE SHARES OUTSTANDING: Basic and Diluted	140,478,430	76,903,886	117,178,296	69,199,789

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Statement [Abstract]
NET IINCOME (LOSS)	$ 125,210	$ (24,231)	$ (681,358)	$ (49,539)
OTHER COMPREHENSIVE GAIN (LOSS)
Unrealized Gain (Loss) on Foreign Exchange	(21,343)	20,111	(43,393)	49,997
COMPREHENSIVE GAIN (LOSS)	$ 103,867	$ 3,911	$ (724,751)	$ 458

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Equity (Deficit) - USD ($)	Preferred Stock	Common Stock	Treasury Stock	Additional Paid-In Capital	Noncontrolling Interest	Accumulated Other Comprehensive Income	Accumulated Deficit	Total
Beginning balance, shares at Dec. 31, 2017	0	100
Beginning balance, value at Dec. 31, 2017	$ 0	$ 0	$ 0	$ 0	$ 25,808	$ 298,908	$ (1,030,800)	$ (706,084)
Foreign currency adjustment						29,886	29,886	29,886
Net gain (loss)							(25,308)	(25,308)
Ending balance, shares at Mar. 31, 2018	0	100
Ending balance, value at Mar. 31, 2018	$ 0	$ 0	0	0	25,808	328,794	(1,056,108)	(701,506)
Beginning balance, shares at Dec. 31, 2017	0	100
Beginning balance, value at Dec. 31, 2017	$ 0	$ 0	0	0	25,808	298,908	(1,030,800)	(706,084)
Foreign currency adjustment								49,997
Net gain (loss)								(49,539)
Ending balance, shares at Jun. 30, 2018	0	100
Ending balance, value at Jun. 30, 2018	$ 0	$ 0	0	0	25,808	348,905	(1,080,339)	(705,626)
Beginning balance, shares at Mar. 31, 2018	0	100
Beginning balance, value at Mar. 31, 2018	$ 0	$ 0	0	0	25,808	328,794	(1,056,108)	(701,506)
Foreign currency adjustment						20,111		20,111
Net gain (loss)							(24,231)	(24,231)
Ending balance, shares at Jun. 30, 2018	0	100
Ending balance, value at Jun. 30, 2018	$ 0	$ 0	0	0	25,808	348,905	(1,080,339)	(705,626)
Beginning balance, shares at Dec. 31, 2018	88,235	89,680,467
Beginning balance, value at Dec. 31, 2018	$ 883	$ 896,806	(1,000)	859,481	(12,439)	389,680	(4,348,859)	(2,215,448)
Conversion of convertible notes, shares		12,488,347
Conversion of convertible notes, value		$ 124,883		(45,837)				79,046
Foreign currency adjustment						(22,050)		(22,050)
Net gain (loss)							(806,568)	(806,568)
Ending balance, shares at Mar. 31, 2019	88,235	102,168,914
Ending balance, value at Mar. 31, 2019	$ 883	$ 1,021,689	(1,000)	813,644	(12,439)	367,630	(5,155,427)	(2,965,020)
Beginning balance, shares at Dec. 31, 2018	88,235	89,680,467
Beginning balance, value at Dec. 31, 2018	$ 883	$ 896,806	(1,000)	859,481	(12,439)	389,680	(4,348,859)	(2,215,448)
Foreign currency adjustment								(43,393)
Net gain (loss)								(681,358)
Ending balance, shares at Jun. 30, 2019	88,235	239,174,606
Ending balance, value at Jun. 30, 2019	$ 883	$ 2,391,746	(1,000)	(471,491)	(12,439)	346,287	(5,030,217)	(2,775,231)
Beginning balance, shares at Mar. 31, 2019	88,235	102,168,914
Beginning balance, value at Mar. 31, 2019	$ 883	$ 1,021,689	(1,000)	813,644	(12,439)	367,630	(5,155,427)	(2,965,020)
Conversion of convertible notes, shares		137,005,692
Conversion of convertible notes, value		$ 1,370,057		(1,284,135)				85,922
Foreign currency adjustment						(21,343)		(21,343)
Net gain (loss)							125,210	125,210
Ending balance, shares at Jun. 30, 2019	88,235	239,174,606
Ending balance, value at Jun. 30, 2019	$ 883	$ 2,391,746	$ (1,000)	$ (471,491)	$ (12,439)	$ 346,287	$ (5,030,217)	$ (2,775,231)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (681,358)	$ (49,539)
Adjustments to reconcile net loss to net cash used by operating activities:
Depreciation and amortization	25,514	25,514
Loan acquisition costs	24,900	0
Interest on notes payable	31,866	24,025
Debt discount	(205,000)	0
Amortization of debt discount	508,396	0
Derivative liability	(90,743)	0
Changes in operating assets and liabilities:
Accounts payable	110,482	0
Accrued liabilities	71,118	0
Net cash used in operating activities	(204,825)	0
CASH FLOWS FROM INVESTING ACTIVITIES:
Investment in patents	(48,510)	0
Net cash used in investing activities	(48,510)	0
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from convertible notes payable	180,100	0
Payments on convertible notes	(24,650)	0
Net cash provided by financing activities	155,450	0
Effect of exchange rate on cash	28,198	0
Net Cash Increase (Decrease) in cash	(69,687)	0
Cash, Beginning of period	72,294	0
Cash, End of period	2,607	0
Noncash investing and financing activities
Stock issued for convertible notes payable and accrued interest	136,769	0
Supplementary Cash Flow Information:
Interest paid in cash	66,850	0
Taxes paid in cash	$ 0	$ 0

1. BASIS OF FINANCIAL STATEMENT

1. BASIS OF FINANCIAL STATEMENT PRESENTATION	6 Months Ended
	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF FINANCIAL STATEMENT PRESENTATION	NOTE 1 – BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accompanying unaudited condensed consolidated interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial statements and do not include all the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. The information furnished reflects all adjustments, consisting only of normal recurring items which are, in the opinion of management, necessary in order to make the financial statements not misleading. The consolidated financial statements as of December 31, 2018 have been audited by an independent registered public accounting firm. The accounting policies and procedures employed in the preparation of these condensed consolidated financial statements have been derived from the audited financial statements of the Company for the year ended December 31, 2018, which are contained in Form 10-K as filed with the Securities and Exchange Commission on April 16,2019. The consolidated balance sheet as of December 31, 2018 was derived from those financial statements. Basis of Presentation and Principles of Consolidation The consolidated financial statements and accompanying notes are prepared in accordance with generally accepted accounting principles of the United States of America (“U.S. GAAP”) and the rules and regulations of the U.S Securities and Exchange Commission for Interim Financial Information. The condensed consolidated financial statements of the Company include the Company and its wholly owned subsidiaries. All intercompany transactions and balances have been eliminated. All adjustments (consisting of normal recurring items) necessary to present fairly the Company’s financial position as of June 30, 2019, and the results of operations and cash flows for the six months ended June 30, 2019 have been included. The results of operations for the three and six months ended June 30, 2019 are not necessarily indicative of the results to be expected for the full year. Description of Business DarkPulse, Inc. ("DPI" or "Company") is a technology-security company incorporated in 1989 as Klever Marketing, Inc. ("Klever"). Its’ wholly-owned subsidiary, DarkPulse Technologies Inc. ("DPTI"), originally started as a technology spinout from the University of New Brunswick, Fredericton, Canada. The Company’s security and monitoring systems will initially be delivered in applications for border security, pipelines, the oil and gas industry and mine safety. Current uses of fiber optic distributed sensor technology have been limited to quasi-static, long-term structural health monitoring due to the time required to obtain the data and its poor precision. On April 27, 2018, Klever entered into an Agreement and Plan of Merger (the “Merger Agreement” or the “Merger”) involving Klever as the surviving parent corporation and acquiring a privately held New Brunswick corporation known as DarkPulse Technologies Inc. as its wholly owned subsidiary. On July 18, 2018, the parties closed the Merger Agreement, as amended on July 7, 2018, and the name of the Company was subsequently changed to DarkPulse, Inc. With the change of control of the Company, the Merger is being be accounted for as a recapitalization in a manner similar to a reverse acquisition. On July 20, 2018, the Company filed a Certificate of Amendment to its Certificate of Incorporation with the State of Delaware, changing the name of the Company to DarkPulse, Inc. The Company filed a corporate action notification with the Financial Industry Regulatory Authority (FINRA), and the Company's ticker symbol was changed to DPLS. Going Concern Uncertainty As shown in the accompanying financial statements, during the three months ended June 30, 2019, the Company did not generate any revenues and reported a net loss of $681,358. As of June 30, 2019, the Company’s current liabilities exceeded its current assets by $2,210,202. As of June 30, 2019, the Company had $2,607 of cash. The Company will require additional funding during the next six months to finance the growth of its operations and achieve its strategic objectives. These factors, as well as the uncertain conditions that the Company faces relative to capital raising activities, create substantial doubt as to the Company’s ability to continue as a going concern. The Company is seeking to raise additional capital principally through private placement offerings and is targeting strategic partners in an effort to finalize the development of its products and begin generating revenues. The ability of the Company to continue as a going concern is dependent upon the success of future capital offerings or alternative financing arrangements and expansion of its operations. The accompanying financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern. Management is actively pursuing additional sources of financing sufficient to generate enough cash flow to fund its operations. However, management cannot make any assurances that such financing will be secured. Use of Estimates In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the statements of financial condition, and revenues and expenses for the years then ended. Actual results may differ significantly from those estimates. Significant estimates made by management include, but are not limited to, the assumptions used to calculate stock-based compensation, derivative liabilities, preferred deemed dividend and common stock issued for services. Cash and Cash Equivalents The Company considers all highly liquid investments with a maturity of three months or less when acquired to be cash equivalents. The Company places its cash with a high credit quality financial institutions. The Company’s account at this institution is insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. To reduce its risk associated with the failure of such financial institution, the Company evaluates at least annually the rating of the financial institution in which it holds deposits. Intangible Assets The Company reviews intangibles held and used for possible impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. In evaluating the fair value and future benefits of its intangible assets, management performs an analysis of the anticipated undiscounted future net cash flow of the individual assets over the remaining amortization period. The Company recognizes an impairment loss if the carrying value of the asset exceeds the expected future cash flows. Foreign Currency Translation The company translates monetary assets and liabilities (any item paid for or settled in foreign currency) into the United States Dollar at exchange rates prevailing on the balance sheet date. Non-monetary assets and liabilities are translated at the historical rate in effect when the transaction occurred. Revenues and expenses are translated at the spot rate on the date the transaction occurred. Exchange gains and losses from the translation of monetary items are included in unrealized gain/loss on Foreign Exchange as Other Comprehensive Loss. The following table discloses the dates and exchange rates used for converting Canadian Dollar amounts to U.S. Dollar amounts disclosed in the balance sheet and the statement of operations. The spot exchange rate between the Canadian Dollar and the U.S. Dollar on, December 31, 2018 closing rate at 1.3642 US$: CAD, average rate at 1.2958 US$: CAD and for the three and six months ended June 30, 2019 closing rate at 1.3093 US$: CAD, average rate at 1.3378 US$. Income Taxes The Company accounts for income taxes in accordance with ASC 740, Accounting for Income Taxes, as clarified by ASC 740-10, Accounting for Uncertainty in Income Taxes. Under this method, deferred income taxes are determined based on the estimated future tax effects of differences between the financial statement and tax basis of assets and liabilities given the provisions of enacted tax laws. Deferred income tax provisions and benefits are based on changes to the assets or liabilities from year to year. In providing for deferred taxes, the Company considers tax regulations of the jurisdictions in which the Company operates, estimates of future taxable income, and available tax planning strategies. If tax regulations, operating results or the ability to implement tax-planning strategies vary, adjustments to the carrying value of deferred tax assets and liabilities may be required. Valuation allowances are recorded related to deferred tax assets based on the "more likely than not" criteria of ASC 740. ASC 740-10 requires that the Company recognize the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the "more-likely-than-not" threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority. Accounting for Derivatives The Company evaluates all of its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported in the statements of operations. For stock-based derivative financial instruments, the Company uses a probability weighted average series Binomial lattice formula pricing models to value the derivative instruments at inception and on subsequent valuation dates. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. Derivative instrument liabilities are classified in the balance sheet as current or non-current based on whether or not net-cash settlement of the derivative instrument could be required within 12 months of the balance sheet date. Fair Value of Financial Instruments The carrying amounts of the Company's financial assets and liabilities, such as cash, prepaid expenses, and accruals approximate their fair values because of the short maturity of these instruments. The Company believes the carrying value of its secured debenture payable approximates fair value because the terms were negotiated at arms length. Recent Accounting Pronouncements There were no new accounting pronouncements issued or proposed by the Financial Accounting Standards Board during the six months ended June 30, 2019, and through the date of filing of this report that the Company believes has had or will have a material impact on its financial position or results of operations, including the recognition of revenue, cash flow, the merger that was consummated on July 18, 2018. The Company has no lease obligations. Income (Loss) Per Common Share Basic net income (loss) per share of common stock is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share of common stock is computed by dividing net income (loss) by the sum of the weighted average number of common shares outstanding and the dilutive potential common share equivalents outstanding. Potential dilutive common share equivalents consist of shares issuable upon exercise of outstanding convertible preferred stock and stock options. For the six months ended June 30, 2019, there were no stock options nor convertible preferred stock outstanding. For the six months ended June 30, 2019, common stock equivalents related to convertible preferred stock and convertible debt have not been included in the calculation of diluted loss per common share because they are anti-dilutive. Therefore, basic loss per common share is the same as diluted loss per common share. There are 2,760,825,394 common shares reserved for the potential conversion of the Company's convertible debt.

2. DEBENTURE

2. DEBENTURE	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
DEBENTURE	NOTE 2 - DEBENTURE DPTI issued a convertible Debenture to the University in exchange for the Patents assigned to the Company, in the amount of Canadian $1,500,000, or US $1,491,923 on December 16, 2010, the date of the Debenture. On April 24, 2017 DPTI issued a replacement secured term Debenture in the same C$1,500,000 amount as the original Debenture. The interest rate is the Bank of Canada Prime overnight rate plus 1% per annum. The Debenture had an initial required payment of Canadian $42,000 (US$33,385) due on April 24, 2018 for reimbursement to the University of its research and development costs, and this has been paid. Interest-only maintenance payments are due annually starting after April 24, 2018. Payment of the principal begins on the earlier of (a) three years following two consecutive quarters of positive earnings before interest, taxes, depreciation and amortization, (b) six years from April 24, 2017, or (c) in the event DPTI fails to raise defined capital amounts or secure defined contract amounts by April 24 in the years 2018, 2019, and 2020. The Company has raised funds in excess of the amount required by April 24, 2018. The principal repayment amounts will be due quarterly over a six year period in the amount of Canadian Dollars $62,500. Based on the exchange rate between the Canadian Dollar and the U.S. Dollar on June 30, 2019, the quarterly principal repayment amounts will be US$49,644. The Debenture is secured by the Patents assigned by the University to DPTI by an Assignment Agreement on December 16, 2010. DPTI has pledged the Patents, and granted a lien on them pursuant to an Escrow Agreement dated April 24, 2017, between DPTI and the University. The Debenture was initially recorded at the $1,491,923 equivalent US Dollar amount of Canadian $1,500,000 as of December 16, 2010, the date of the original Debenture. The liability is being adjusted quarterly based on the current exchange value of the Canadian dollar to the US dollar at the end of each quarter. The adjustment is recorded as unrealized gain or loss in the change of the value of the two currencies during the quarter. The amounts recorded as an unrealized gain (loss) for the three months ended June 30, 2019 and 2018, were ($21,343) and $20,111 respectively. These amounts are included in Accumulated Other Comprehensive Loss in the Equity section of the consolidated balance sheet, and as Unrealized Loss on Foreign Exchange on the consolidated statement of comprehensive loss. The Debenture also includes a provision requiring DPTI to pay the University a two percent (2%) royalty on sales of any and all products or services which incorporate the Patents for a period of five (5) years from April 24, 2018. For the three months ended June 30, 2019, and 2018, the Company recorded interest expense of $12,745 and $12,551, respectively. As of June 30, 2019 the debenture liability totaled $1,145,636, all of which was long term. Future minimum required payments over the next 5 years and thereafter are as follows: Period ending June 30, 2020 $ – 2021 – 2022 – 2023 – 2024 and after 1,124,294 Total $ 1,124,294

3. CONVERTIBLE DEBT SECURITIES

3. CONVERTIBLE DEBT SECURITIES	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
CONVERTIBLE DEBT SECURITIES	NOTE 3 – CONVERTIBLE DEBT SECURITIES The Company uses the Black-Scholes Model to calculate the derivative value of its convertible debt. The valuation result generated by this pricing model is necessarily driven by the value of the underlying common stock incorporated into the model. The values of the common stock used were based on the price at the date of issue of the debt security as of June 30, 2019. Management determined the expected volatility between 282.75-460.92%, a risk free rate of interest between 1.75-2.43%, and contractual lives of the debt varying from six months to two years. The table below details the Company's outstanding convertible notes, with totals for the face amount, amortization of discount, initial loss, change in the fair market value, and the derivative liability. Face Amortization Initial Q2 change Derivative Amount of Discount Loss in FMV 6/30/2019 $ 90,228 $ 42,645 $ 58,959 $ (38,876 ) $ 67,989 162,150 49,562 74,429 (66,099 ) 128,965 85,100 34,629 11,381 – – 236,051 47,253 – (225,664 ) 225,664 84,483 31,502 8,904 (91,490 ) – 82,518 29,203 5,651 (124,475 ) – 65,000 16,205 28,566 (11,042 ) 69,848 35,000 8,726 16,558 (6,857 ) 37,611 29,250 557 – (199 ) 28,708 49,726 947 – (338 ) 48,805 41,774 796 – (285 ) 41,000 29,250 557 – (199 ) 28,708 40,000 9,945 10,605 (3,738 ) 42,867 64,000 16,161 17,676 (5,290 ) 68,586 Subtotal 1,094,530 239,128 232,729 (574,552 ) 563,087 Transaction expense – – – – – $ 1,094,530 $ 239,128 $ 232,729 $ (574,552 ) $ 563,087 On April 23, 2019, the Company entered into a securities purchase agreement with GS Capital Partners, LLC, ("GS Capital") issuing to GS Capital a convertible promissory note in the aggregate principal amount of $40,000 with a $2,000 original issue discount and $2,000 in transactional expenses due to GS Capital and its counsel. The note bears interest at 8% per annum and may be converted into common shares of the Company's common stock at a conversion price equal to 70% of the average of the three lowest trading prices of the Company's common stock during the 20 prior trading days. As of the date the consolidated financial statements were available for issuance, DPI received $36,000 net cash. On May 3, 2019, the Company entered into a securities purchase agreement with Geneva Roth Remark Holdings, Inc. (“Geneva”) issuing to Geneva a convertible promissory note in the aggregate principal amount of $64,000 with a $6,000 original issue discount and $2,800 in transactional expenses due to Geneva and its counsel. The note bears interest at 9% per annum and may be converted into common shares of the Company's common stock at a conversion price equal to 70% of the lowest trading price of the Company's common stock during the 20 prior trading days. The Company received $55,200 net cash. During the three months ended June 30, 2019, a total of $130,870 in principal and $5,899 in interest were converted into 137,005,692 shares of the Company’s common stock. As of June 30, 2019 and 2018 respectively, there was $954,126 and $0 of convertible debt outstanding, net of debt discount of $140,404, and $0, As of June 30, 2019 and 2018 respectively, there was derivative liability of $563,088 and $0 related to convertible debt securities.

4. STOCKHOLDERS' DEFICIT

4. STOCKHOLDERS' DEFICIT	6 Months Ended
	Jun. 30, 2019
STOCKHOLDERS' DEFICIT
STOCKHOLDERS' DEFICIT	NOTE 4 - STOCKHOLDERS' DEFICIT As of June 30, 2019, there were 239,174,606 shares of common stock and 88,235 shares of preferred stock issued and outstanding.

5. COMMITMENTS & CONTINGENCIES

5. COMMITMENTS & CONTINGENCIES	6 Months Ended
	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS & CONTINGENCIES	NOTE 5 - COMMITMENTS & CONTINGENCIES Potential Royalty Payments The Company, in consideration of the terms of the debenture to the University of New Brunswick, shall pay to the University a two percent royalty on sales of any and all products or services which incorporate the Company's patents for a period of five years from April 24, 2018. Potential Commission Payments The Company, in consideration of the Strategic Alliance Agreement with Bravatek, for the purpose of promoting the Company’s products, will pay Bravatek sales commissions for clients introduced to the Company by Bravatek. Legal Matters On March 27, 2019, Thomas A. Cellucci, et al. v. DarkPulse, Inc. et al. (the “Complaint”) was filed in the United States District Court for the Southern District of New York by certain of the Company’s former executive officers, one also being a former director, and a non-employee shareholder (collectively, the “Plaintiffs”), against the Company, its sole officer and director, and others, claiming that the Plaintiffs brought the action to protect their individual rights as minority shareholders, as improperly-ousted officers (other than the non-employee shareholder), and as an improperly-ousted director, seeking equitable relief, damages, recovery of unpaid salaries and other relief. It is the Company's position that the Complaint represents a frivolous harassment lawsuit, and the Company has filed a motion to dismiss all claims made in the Complaint and intends to otherwise defend itself vigorously in this matter. The Company is also exploring filing counterclaims against the Plaintiffs in the action. From time to time, we may become involved in litigation relating to claims arising out of our operations in the normal course of business. We are not currently involved in any pending legal proceeding or litigation and, to the best of our knowledge, no governmental authority is contemplating any proceeding to which we are a party or to which any of our properties is subject, which would reasonably be likely to have a material adverse effect on our business, financial condition and operating results.

6. INTANGIBLE ASSETS

6. INTANGIBLE ASSETS	6 Months Ended
	Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS	NOTE 6 – INTANGIBLE ASSETS Intangible Assets - Intrusion Detection Intellectual Property The Company relies on patent laws and restrictions on disclosure to protect its intellectual property rights. As of March 31, 2019, the Company held 3 U.S. and foreign patents on its intrusion detection technology, which expire in calendar years 2025 through 2034 (depending on the payment of maintenance fees). The DPTI issued patents cover a System and Method for Brillouin Analysis, a System and Method for Resolution Enhancement of a Distributed Sensor, and a Flexible Fiber Optic Deformation System Sensor and Method. Maintenance of intellectual property rights and the protection thereof is important to our business. Any patents that may be issued may not sufficiently protect the Company's intellectual property and third parties may challenge any issued patents. Other parties may independently develop similar or competing technology or design around any patents that may be issued to the Company. The Company cannot be certain that the steps it has taken will prevent the misappropriation of its intellectual property, particularly in foreign countries where the laws may not protect proprietary rights as fully as in the United States. Further, the Company may be required to enforce its intellectual property or other proprietary rights through litigation, which, regardless of success, could result in substantial costs and diversion of management's attention. Additionally, there may be existing patents of which the Company is unaware that could be pertinent to its business, and it is not possible to know whether there are patent applications pending that the Company's products might infringe upon, since these applications are often not publicly available until a patent is issued or published. For the three months ended June 30, 2019 and 2018, the Company amortized $12,757, respectively. Future amortization of intangible assets is as follows: 2019 $ 25,514 2020 51,028 2021 51,028 2022 51,028 2023 51,028 Thereafter 236,805 $ 466,431

7. RELATED PARTY TRANSACTIONS

7. RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2019
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 7 – RELATED PARTY TRANSACTIONS The Company follows subtopic 850-10 of the FASB Accounting Standards Codification for the identification of related parties and disclosure of related party transactions. Pursuant to Section 850-10-20 the related parties include a) affiliates of the Company; b) Entities for which investments in their equity securities would be required, absent the election of the fair value option under the Fair Value Option Subsection of Section 825-10-15, to be accounted for by the equity method by the investing entity; c) trusts for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of management; d) principal owners of the Company; e) management of the Company; f) other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests; and g) Other parties that can significantly influence the management or operating policies of the transacting parties or that have an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests. The financial statements shall include disclosures of material related party transactions, other than compensation arrangements, expense allowances, and other similar items in the ordinary course of business. However, disclosure of transactions that are eliminated in the preparation of consolidated or combined financial statements is not required in those statements. The disclosures shall include: a) the nature of the relationship(s) involved; b) a description of the transactions, including transactions to which no amounts or nominal amounts were ascribed, for each of the periods for which income statements are presented, and such other information deemed necessary to an understanding of the effects of the transactions on the financial statements; c) the dollar amounts of transactions for each of the periods for which income statements are presented and the effects of any change in the method of establishing the terms from that used in the preceding period; and d) amounts due from or to related parties as of the date of each balance sheet presented and, if not otherwise apparent, the terms and manner of settlement. In May 2018, the JV Entity received $42,000 for an order from Bravetek and the JV Entity then placed a corresponding order with the Company. The Company’s former executive office is also the CEO of Bravatek. The proceeds were to be used for marketing efforts to generate sales of our intrusion detection product. The order has been recorded as a prepaid sale and is a current liability as of June 30, 2019.

8. PREFERRED STOCK

8. PREFERRED STOCK	6 Months Ended
	Jun. 30, 2019
Stockholders' Equity Note [Abstract]
PREFERRED STOCK	NOTE 8 – PREFERRED STOCK In accordance with the Company’s bylaws, the Company has authorized a total of 2,000,000 shares of preferred stock, par value $0.01 per share, for all classes. As of June 30, 2019, and December 31, 2018, there were 88,235 total preferred shares issued and outstanding for all classes. On July 12, 2018, the Company filed a Certificate of Designation with the State of Delaware amending the designation of its previously designated “Class D Voting Preferred Stock,” designating 100,000 shares of the Company’s preferred stock as “Series D Preferred Stock.” Each share of Series D Preferred Stock entitles the holder to 6,000 votes on all matters submitted to a vote of the Company’s stockholders and is convertible at the election of the holder into a number of shares of common stock equal to the number of outstanding shares of common stock of the Company multiplied by 5 ⅔, divided by the number of outstanding shares of Series D Preferred Stock. All of these shares are owned by the Company's management, with control ownership held by the Company's CEO.

9. COMMON STOCK

9. COMMON STOCK	6 Months Ended
	Jun. 30, 2019
STOCKHOLDERS' DEFICIT
COMMON STOCK	NOTE 9 – COMMON STOCK In accordance with the Company’s bylaws, the Company has authorized a total of 3,000,000,000 shares of common stock, par value $0.01 per share. As of June 30, 2019 and December 31, 2018 respectively, there were 239,174,606 and 89,680,567 common shares issued and outstanding. During the three months ended June 30, 2019, the Company issued 137,005,692 shares of common stock as settlement of convertible notes payable and interest in the total amount of $136,769.

10. STOCK OPTIONS

10. STOCK OPTIONS	6 Months Ended
	Jun. 30, 2019
Share-based Payment Arrangement [Abstract]
STOCK OPTIONS	NOTE 10 – STOCK OPTIONS The Company’s shareholders approved, by a majority vote, the adoption of the 1998 Stock Incentive Plan (the “Plan”). As amended on August 11, 2003, the Plan reserves 20,000,000 shares of common stock for issuance upon the exercise of options which may be granted from time-to-time to officers, directors, certain employees and consultants of the Company or its subsidiaries by the Board of Directors. The Plan permits the award of both qualified and non-qualified incentive stock options. During the three months ended June 30, 2019, the Company did not issue any stock options and had no stock options outstanding at June 30, 2019.

11. SUBSEQUENT EVENTS

11. SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2019
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 11 – SUBSEQUENT EVENTS The Company evaluated events occurring after the date of the accompanying unaudited condensed consolidated balance sheets through the date the financial statements were issued and has identified the following subsequent events that it believes require disclosure and the Company does not have any subsequent events to be disclosed prior to this filing.

1. SIGNIFICANT ACCOUNTING POLIC

1. SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Principles of Consolidation	Basis of Presentation and Principles of Consolidation The consolidated financial statements and accompanying notes are prepared in accordance with generally accepted accounting principles of the United States of America (“U.S. GAAP”) and the rules and regulations of the U.S Securities and Exchange Commission for Interim Financial Information. The condensed consolidated financial statements of the Company include the Company and its wholly owned subsidiaries. All intercompany transactions and balances have been eliminated. All adjustments (consisting of normal recurring items) necessary to present fairly the Company’s financial position as of June 30, 2019, and the results of operations and cash flows for the six months ended June 30, 2019 have been included. The results of operations for the three and six months ended June 30, 2019 are not necessarily indicative of the results to be expected for the full year.
Description of Business	Description of Business DarkPulse, Inc. ("DPI" or "Company") is a technology-security company incorporated in 1989 as Klever Marketing, Inc. ("Klever"). Its’ wholly-owned subsidiary, DarkPulse Technologies Inc. ("DPTI"), originally started as a technology spinout from the University of New Brunswick, Fredericton, Canada. The Company’s security and monitoring systems will initially be delivered in applications for border security, pipelines, the oil and gas industry and mine safety. Current uses of fiber optic distributed sensor technology have been limited to quasi-static, long-term structural health monitoring due to the time required to obtain the data and its poor precision. On April 27, 2018, Klever entered into an Agreement and Plan of Merger (the “Merger Agreement” or the “Merger”) involving Klever as the surviving parent corporation and acquiring a privately held New Brunswick corporation known as DarkPulse Technologies Inc. as its wholly owned subsidiary. On July 18, 2018, the parties closed the Merger Agreement, as amended on July 7, 2018, and the name of the Company was subsequently changed to DarkPulse, Inc. With the change of control of the Company, the Merger is being be accounted for as a recapitalization in a manner similar to a reverse acquisition. On July 20, 2018, the Company filed a Certificate of Amendment to its Certificate of Incorporation with the State of Delaware, changing the name of the Company to DarkPulse, Inc. The Company filed a corporate action notification with the Financial Industry Regulatory Authority (FINRA), and the Company's ticker symbol was changed to DPLS.
Going Concern Uncertainty	Going Concern Uncertainty As shown in the accompanying financial statements, during the three months ended June 30, 2019, the Company did not generate any revenues and reported a net loss of $681,358. As of June 30, 2019, the Company’s current liabilities exceeded its current assets by $2,210,202. As of June 30, 2019, the Company had $2,607 of cash. The Company will require additional funding during the next six months to finance the growth of its operations and achieve its strategic objectives. These factors, as well as the uncertain conditions that the Company faces relative to capital raising activities, create substantial doubt as to the Company’s ability to continue as a going concern. The Company is seeking to raise additional capital principally through private placement offerings and is targeting strategic partners in an effort to finalize the development of its products and begin generating revenues. The ability of the Company to continue as a going concern is dependent upon the success of future capital offerings or alternative financing arrangements and expansion of its operations. The accompanying financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern. Management is actively pursuing additional sources of financing sufficient to generate enough cash flow to fund its operations. However, management cannot make any assurances that such financing will be secured.
Use of Estimates	Use of Estimates In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the statements of financial condition, and revenues and expenses for the years then ended. Actual results may differ significantly from those estimates. Significant estimates made by management include, but are not limited to, the assumptions used to calculate stock-based compensation, derivative liabilities, preferred deemed dividend and common stock issued for services.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments with a maturity of three months or less when acquired to be cash equivalents. The Company places its cash with a high credit quality financial institutions. The Company’s account at this institution is insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. To reduce its risk associated with the failure of such financial institution, the Company evaluates at least annually the rating of the financial institution in which it holds deposits.
Intangible Assets	Intangible Assets The Company reviews intangibles held and used for possible impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. In evaluating the fair value and future benefits of its intangible assets, management performs an analysis of the anticipated undiscounted future net cash flow of the individual assets over the remaining amortization period. The Company recognizes an impairment loss if the carrying value of the asset exceeds the expected future cash flows.
Foreign Currency Translation	Foreign Currency Translation The company translates monetary assets and liabilities (any item paid for or settled in foreign currency) into the United States Dollar at exchange rates prevailing on the balance sheet date. Non-monetary assets and liabilities are translated at the historical rate in effect when the transaction occurred. Revenues and expenses are translated at the spot rate on the date the transaction occurred. Exchange gains and losses from the translation of monetary items are included in unrealized gain/loss on Foreign Exchange as Other Comprehensive Loss. The following table discloses the dates and exchange rates used for converting Canadian Dollar amounts to U.S. Dollar amounts disclosed in the balance sheet and the statement of operations. The spot exchange rate between the Canadian Dollar and the U.S. Dollar on, December 31, 2018 closing rate at 1.3642 US$: CAD, average rate at 1.2958 US$: CAD and for the three and six months ended June 30, 2019 closing rate at 1.3093 US$: CAD, average rate at 1.3378 US$.
Income Taxes	Income Taxes The Company accounts for income taxes in accordance with ASC 740, Accounting for Income Taxes, as clarified by ASC 740-10, Accounting for Uncertainty in Income Taxes. Under this method, deferred income taxes are determined based on the estimated future tax effects of differences between the financial statement and tax basis of assets and liabilities given the provisions of enacted tax laws. Deferred income tax provisions and benefits are based on changes to the assets or liabilities from year to year. In providing for deferred taxes, the Company considers tax regulations of the jurisdictions in which the Company operates, estimates of future taxable income, and available tax planning strategies. If tax regulations, operating results or the ability to implement tax-planning strategies vary, adjustments to the carrying value of deferred tax assets and liabilities may be required. Valuation allowances are recorded related to deferred tax assets based on the "more likely than not" criteria of ASC 740. ASC 740-10 requires that the Company recognize the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the "more-likely-than-not" threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority.
Accounting for Derivatives	Accounting for Derivatives The Company evaluates all of its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported in the statements of operations. For stock-based derivative financial instruments, the Company uses a probability weighted average series Binomial lattice formula pricing models to value the derivative instruments at inception and on subsequent valuation dates. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. Derivative instrument liabilities are classified in the balance sheet as current or non-current based on whether or not net-cash settlement of the derivative instrument could be required within 12 months of the balance sheet date.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The carrying amounts of the Company's financial assets and liabilities, such as cash, prepaid expenses, and accruals approximate their fair values because of the short maturity of these instruments. The Company believes the carrying value of its secured debenture payable approximates fair value because the terms were negotiated at arms length.
Recent Accounting Pronouncements	Recent Accounting Pronouncements There were no new accounting pronouncements issued or proposed by the Financial Accounting Standards Board during the six months ended June 30, 2019, and through the date of filing of this report that the Company believes has had or will have a material impact on its financial position or results of operations, including the recognition of revenue, cash flow, the merger that was consummated on July 18, 2018. The Company has no lease obligations.
Income (Loss) Per Common Share	Income (Loss) Per Common Share Basic net income (loss) per share of common stock is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share of common stock is computed by dividing net income (loss) by the sum of the weighted average number of common shares outstanding and the dilutive potential common share equivalents outstanding. Potential dilutive common share equivalents consist of shares issuable upon exercise of outstanding convertible preferred stock and stock options. For the six months ended June 30, 2019, there were no stock options nor convertible preferred stock outstanding. For the six months ended June 30, 2019, common stock equivalents related to convertible preferred stock and convertible debt have not been included in the calculation of diluted loss per common share because they are anti-dilutive. Therefore, basic loss per common share is the same as diluted loss per common share. There are 2,760,825,394 common shares reserved for the potential conversion of the Company's convertible debt.

2. DEBENTURE (Tables)

2. DEBENTURE (Tables)	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Future minimum required payments	Period ending June 30, 2020 $ – 2021 – 2022 – 2023 – 2024 and after 1,124,294 Total $ 1,124,294

3. CONVERTIBLE DEBT SECURITIES

3. CONVERTIBLE DEBT SECURITIES (Tables)	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Schedule of convertible debt	Face Amortization Initial Q2 change Derivative Amount of Discount Loss in FMV 6/30/2019 $ 90,228 $ 42,645 $ 58,959 $ (38,876 ) $ 67,989 162,150 49,562 74,429 (66,099 ) 128,965 85,100 34,629 11,381 – – 236,051 47,253 – (225,664 ) 225,664 84,483 31,502 8,904 (91,490 ) – 82,518 29,203 5,651 (124,475 ) – 65,000 16,205 28,566 (11,042 ) 69,848 35,000 8,726 16,558 (6,857 ) 37,611 29,250 557 – (199 ) 28,708 49,726 947 – (338 ) 48,805 41,774 796 – (285 ) 41,000 29,250 557 – (199 ) 28,708 40,000 9,945 10,605 (3,738 ) 42,867 64,000 16,161 17,676 (5,290 ) 68,586 Subtotal 1,094,530 239,128 232,729 (574,552 ) 563,087 Transaction expense – – – – – $ 1,094,530 $ 239,128 $ 232,729 $ (574,552 ) $ 563,087

6. INTANGIBLE ASSETS (Tables)

6. INTANGIBLE ASSETS (Tables)	6 Months Ended
	Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Future amortization schedule	2019 $ 25,514 2020 51,028 2021 51,028 2022 51,028 2023 51,028 Thereafter 236,805 $ 466,431

1. SIGNIFICANT ACCOUNTING POL_2

1. SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	6 Months Ended	12 Months Ended
	Jun. 30, 2019USD ($)shares	Dec. 31, 2018USD ($)	Jun. 30, 2018USD ($)	Dec. 31, 2017USD ($)
Net loss	$ (681,358)
Working Capital	(2,210,202)
Cash	$ 2,607	$ 72,294	$ 0	$ 0
Antidilutive shares | shares	2,760,825,394
C A D
Translation rate at end of period	1.3093	1.3642
Translation rate during period	1.3378	1.2958

2. DEBENTURE (Details)

2. DEBENTURE (Details)	Jun. 30, 2019USD ($)
Debt Disclosure [Abstract]
Period ending 2020	$ 0
Period ending 2021	0
Period ending 2022	0
Period ending 2023	0
Period ending 2024 and after	1,124,294
Total	$ 1,124,294

2. DEBENTURE (Details Narrative

2. DEBENTURE (Details Narrative) - USD ($)	3 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Debenture liability	$ 1,145,636		$ 1,102,243
Debenture [Member]
Unrealized gain (loss) on foreign exchange rates	(21,343)	$ 20,111
Interest expense	$ 12,745	$ 12,551

3. CONVERTIBLE DEBT SECURITIE_2

3. CONVERTIBLE DEBT SECURITIES (Details) - USD ($)	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Amortization of discount	$ 508,396	$ 0
Convertible Debt Securities [Member]
Face amount	1,094,530
Amortization of discount	239,128
Initial loss	232,729
Change in Fair Market Value	(574,552)
Derivative balance	563,087	$ 0
Transaction expense	0
Convertible Debt 1 [Member]
Face amount	90,228
Amortization of discount	42,645
Initial loss	58,959
Change in Fair Market Value	(38,876)
Derivative balance	67,989
Convertible Debt 2 [Member]
Face amount	162,150
Amortization of discount	49,562
Initial loss	74,429
Change in Fair Market Value	(66,099)
Derivative balance	128,965
Convertible Debt 3 [Member]
Face amount	85,100
Amortization of discount	34,629
Initial loss	11,381
Change in Fair Market Value	0
Derivative balance	0
Convertible Debt 4 [Member]
Face amount	236,051
Amortization of discount	47,253
Initial loss	0
Change in Fair Market Value	(225,664)
Derivative balance	225,664
Convertible Debt 5 [Member]
Face amount	84,483
Amortization of discount	31,502
Initial loss	8,904
Change in Fair Market Value	(91,490)
Derivative balance	0
Convertible Debt 6 [Member]
Face amount	82,518
Amortization of discount	29,203
Initial loss	5,651
Change in Fair Market Value	(124,475)
Derivative balance	0
Convertible Debt 7 [Member]
Face amount	65,000
Amortization of discount	16,205
Initial loss	28,566
Change in Fair Market Value	(11,042)
Derivative balance	69,848
Convertible Debt 8 [Member]
Face amount	35,000
Amortization of discount	8,726
Initial loss	16,558
Change in Fair Market Value	(6,857)
Derivative balance	37,611
Convertible Debt 9 [Member]
Face amount	29,250
Amortization of discount	557
Initial loss	0
Change in Fair Market Value	(199)
Derivative balance	28,708
Convertible Debt 10 [Member]
Face amount	49,726
Amortization of discount	947
Initial loss	0
Change in Fair Market Value	(338)
Derivative balance	48,805
Convertible Debt 11 [Member]
Face amount	41,774
Amortization of discount	796
Initial loss	0
Change in Fair Market Value	(285)
Derivative balance	41,000
Convertible Debt 12 [Member]
Face amount	29,250
Amortization of discount	557
Initial loss	0
Change in Fair Market Value	(199)
Derivative balance	28,708
Convertible Debt 13 [Member]
Face amount	40,000
Amortization of discount	9,945
Initial loss	10,605
Change in Fair Market Value	(3,738)
Derivative balance	42,867
Convertible Debt 14 [Member]
Face amount	64,000
Amortization of discount	16,161
Initial loss	17,676
Change in Fair Market Value	(5,290)
Derivative balance	$ 68,586

3. CONVERTIBLE DEBT SECURITIE_3

3. CONVERTIBLE DEBT SECURITIES (Details Narrative) - USD ($)	3 Months Ended	4 Months Ended		6 Months Ended
	Jun. 30, 2019	May 03, 2019	Apr. 23, 2019	Jun. 30, 2019	Jun. 30, 2018
Proceeds from convertible debt				$ 180,100	$ 0
Convertible debt outstanding	$ 954,126			954,126	0
Unamortized debt discount	140,404			140,404	0
Convertible Debt Securities [Member]
Debt face amount	1,094,530			1,094,530
Derivative liability	563,087			$ 563,087	$ 0
Convertible Debt Securities [Member] | GS Capital Partners [Member]
Debt issuance date			Apr. 23, 2019
Debt stated interest rate			8.00%
Debt face amount			$ 40,000
Original Issue Discount			2,000
Proceeds from convertible debt			$ 36,000
Convertible Debt Securities [Member] | Geneva Roth [Member]
Debt issuance date		May 3, 2019
Debt stated interest rate		9.00%
Debt face amount		$ 64,000
Original Issue Discount		6,000
Debt issuance costs		2,800
Proceeds from convertible debt		$ 55,200
Debt converted, amount converted	130,870
Debt converted, interest converted	$ 5,899
Debt converted, shares issued	137,005,692

4. STOCKHOLDERS' DEFICIT (Detai

4. STOCKHOLDERS' DEFICIT (Details Naratives) - shares	Jun. 30, 2019	Dec. 31, 2018
STOCKHOLDERS' DEFICIT
Common stock, shares issued	239,174,606	89,680,567
Common stock, shares outstanding	239,174,606	89,680,567
Convertible preferred stock - shares issued	88,235	88,235
Convertible preferred stock - shares outstanding	88,235	88,235

6. INTANGIBLE ASSETS (Details -

6. INTANGIBLE ASSETS (Details - Amortization schedule)	Jun. 30, 2019USD ($)
Finite-Lived Intangible Assets, Gross [Abstract]
Amortization year ending 2019	$ 25,514
Amortization year ending 2020	51,028
Amortization year ending 2021	51,028
Amortization year ending 2022	51,028
Amortization year ending 2023	51,028
Thereafter	236,805
Total	$ 466,431

6. INTANGIBLE ASSETS (Details N

6. INTANGIBLE ASSETS (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Finite-Lived Intangible Assets, Gross [Abstract]
Amortization expense	$ 12,757	$ 12,757	$ 25,514	$ 25,514

7. RELATED PARTY TRANSACTIONS (

7. RELATED PARTY TRANSACTIONS (Details Narrative) - Bravetek and JV Entity [Member]	12 Months Ended
	Dec. 31, 2018USD ($)
Advance from related party	$ 42,000
Deferred revenue	$ 42,000

8. PREFERRED STOCK (Details Nar

8. PREFERRED STOCK (Details Narrative) - $ / shares	Jun. 30, 2019	Dec. 31, 2018
Stockholders' Equity Note [Abstract]
Convertible preferred stock - shares authorized	100,000	100,000
Convertible preferred stock - par value	$ 0.01	$ 0.01
Convertible preferred stock - shares issued	88,235	88,235
Convertible preferred stock - shares outstanding	88,235	88,235

9. COMMON STOCK (Details Narrat

9. COMMON STOCK (Details Narrative) - USD ($)	3 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018
Common stock par value (in Dollars per share)	$ 0.01		$ 0.01
Common stock, shares authorized	3,000,000,000		250,000,000
Common stock, shares issued	239,174,606		89,680,567
Common stock, shares outstanding	239,174,606		89,680,567
Conversion of convertible notes, value	$ 85,922	$ 79,046
Settlement of Convertible Notes [Member]
Conversion of convertible notes, shares issued	137,005,692
Conversion of convertible notes, value	$ 136,769

10. STOCK OPTIONS (Details Narr

10. STOCK OPTIONS (Details Narrative)	6 Months Ended
	Jun. 30, 2019shares
Share-based Payment Arrangement [Abstract]
Common stock reserved for issuance	20,000,000
Stock options granted	0
Stock options outstanding	0