Document_and_Entity_Informatio
Document and Entity Information | 6 Months Ended | |
Jun. 30, 2014 | Aug. 18, 2014 | |
Document And Entity Information | ' | ' |
Entity Registrant Name | '2050 MOTORS, INC. | ' |
Entity Central Index Key | '0000867028 | ' |
Document Type | '10-Q | ' |
Document Period End Date | 30-Jun-14 | ' |
Amendment Flag | 'false | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Common Stock, Shares Outstanding | ' | 31,429,027 |
Document Fiscal Period Focus | 'Q2 | ' |
Document Fiscal Year Focus | '2014 | ' |
Condensed_Balance_Sheets
Condensed Balance Sheets (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
Current assets: | ' | ' |
Cash | $114,237 | $261,911 |
Prepaid rent | ' | 9,100 |
Property and equipment, net | 33,989 | ' |
Other assets: | ' | ' |
Vehicle deposits | 86,000 | 86,000 |
Other deposits | 4,600 | 2,400 |
License | 50,000 | 50,000 |
Total other assets | 140,600 | 138,400 |
Total assets | 288,827 | 409,411 |
Current Liabilities | ' | ' |
Accounts payable | 1,506 | ' |
Loans payable to related parties | 50,763 | 1,763 |
Total current liabilities | 52,269 | 1,763 |
Stockholders' equity | ' | ' |
Authorized: 100,000,000 shares at June 30, 2014 and December 31, 2013, Issued and outstanding: 30,662,749 at June 30, 2014 and 5,562,084 at December 31, 2013 | 912,950 | 908,450 |
Accumulated deficit | -676,392 | -500,802 |
Total stockholders' equity | 236,558 | 407,648 |
Total liabilities and stockholders' equity | $288,827 | $409,411 |
Condensed_Balance_Sheets_Paren
Condensed Balance Sheets (Parenthetical) | Jun. 30, 2014 | Dec. 31, 2013 |
Statement of Financial Position [Abstract] | ' | ' |
Common stock, shares authorized | 100,000,000 | 100,000,000 |
Common stock, shares issued | 30,662,749 | 5,562,084 |
Common stock, shares outstanding | 30,662,749 | 5,562,084 |
Condensed_Statements_of_Operat
Condensed Statements of Operations (Unaudited) (USD $) | 3 Months Ended | 6 Months Ended | 20 Months Ended | ||||||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | |||||
Income Statement [Abstract] | ' | ' | ' | ' | ' | ||||
Operating revenue | ' | ' | ' | ' | ' | ||||
Operating expenses: | ' | ' | ' | ' | ' | ||||
General and administrative expenses | 119,625 | 20,873 | 175,590 | 20,873 | 676,392 | ||||
Net loss from operations | -119,625 | -20,873 | -175,590 | -20,873 | -676,392 | ||||
Provision for income taxes | ' | ' | ' | ' | ' | ||||
Net loss | ($119,625) | ($20,873) | ($175,590) | ($20,873) | ($676,392) | ||||
Net loss per share, basic and diluted | ($0.01) | $0 | ($0.01) | $0 | ' | ||||
Weighted average common equivalent shares outstanding, basic and diluted | 21,836,142 | [1] | 5,562,084 | [1] | 13,744,069 | [1] | 5,562,084 | [1] | ' |
[1] | Earnings per share and weighted average shares outstanding have been restated to reflect a 1 for 4 stock split in May 2014. |
Condensed_Statements_of_Cash_F
Condensed Statements of Cash Flows (Unaudited) (USD $) | 6 Months Ended | 20 Months Ended | |
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | |
Cash flows provided by (used for) operating activities: | ' | ' | ' |
Net loss | ($175,590) | ($20,873) | ($676,392) |
Adjustments to reconcile net profit to net cash provided by (used for) operating activities: | ' | ' | ' |
Depreciation | 2,347 | ' | 2,379 |
Issuance of common stock for services and consultants | 1,500 | ' | 414,600 |
Changes in assets and liabilities: | ' | ' | ' |
Deposits | -2,200 | -2,200 | -4,600 |
Prepaid rent | 9,100 | 6,900 | ' |
Accounts payable | 1,506 | ' | 1,506 |
Total adjustment | 12,253 | 4,700 | 413,885 |
Net cash used in operating activities | -163,337 | -16,173 | -261,191 |
Cash flows provided (used) for investing activities: | ' | ' | ' |
Deposit for investment in vehicles | ' | ' | -86,000 |
Purchase of property and equipment | -36,336 | ' | -37,685 |
Investment in license | ' | ' | -50,000 |
Net cash used for investing activities | -36,336 | ' | -173,685 |
Cash flows provided (used) by financing activities: | ' | ' | ' |
Proceeds from related party advances | 50,000 | ' | 130,063 |
Payments made on related party advances | -1,000 | -1,000 | -79,300 |
Proceeds from issuance of common stock | 3,000 | ' | 498,350 |
Net cash provided by financing activities | 52,000 | -1,000 | 549,113 |
Net decrease in cash | -147,674 | -17,173 | 114,237 |
Cash, beginning of year | 261,911 | ' | ' |
Cash, end of period | 114,237 | 4,627 | 114,237 |
Supplemental disclosure of cash flow information - | ' | ' | ' |
Income tax payment | ' | ' | ' |
Interest payment | ' | ' | ' |
Issuance of common stock for debt | $106,000 | ' | $106,000 |
Development_Stage
Development Stage | 6 Months Ended |
Jun. 30, 2014 | |
Development Stage | ' |
Development Stage | ' |
1. DEVELOPMENT STAGE | |
The Company is in the development stage, it has not generated any revenues from operations, it has no assurance of any future revenues or its ability to obtain additional capital to fund future acquisitions, or, if such funds might be available, that they will be obtainable on terms satisfactory to the Company. | |
The Company’s ability to continue in existence is dependent on its ability to develop additional sources of capital, and/or achieve profitable operations, positive cash flows, and the successful distribution of the vehicles in the USA markets. Management’s plan is to aggressively pursue its present business plan. Since inception the Company has funded its operations through the issuance of common stock and related party funding and advances, and will seek additional debt or equity financing as required.. However, there can be no assurance that the Company would be successful in raising such additional funds. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty. |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2014 | |
Accounting Policies [Abstract] | ' |
Summary of Significant Accounting Policies | ' |
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
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 reported period. Actual results could differ from those estimates. | |
Cash and Cash Equivalents | |
Cash equivalents consist of highly liquid investments with original maturities of three months or less. | |
Revenue Recognition | |
The Company recognizes revenue upon concluding that all of the fundamental criteria for revenue recognition have been met. The criteria are usually met at the time products are shipped. The Company performs ongoing credit evaluations of its customers’ financial condition and records a reserve for sales returns and allowances based on the historical rate of returns on its products. For the six month periods ended June 30, 2014 and 2013, the Company had not recognized any revenue. | |
Research and Development Costs | |
The Company expenses research and development costs as incurred. Research and development cost amounted to $0 for the three and six months ended June 30, 2014 and 2013 and the period from November 1, 2012 (date of inception) to June 30, 2014, respectively. | |
Advertising Costs | |
Costs incurred for producing and communicating advertising are expensed when incurred and included in selling general and administrative expenses. Advertising expense amounted to $0 for the three and six months ended June 30, 2014 and 2013 and the period from November 1, 2012 (date of inception) to June 30, 2014, respectively. | |
Property and Equipment | |
Property and equipment are stated at cost. Major renewals and improvements are charged to the asset accounts while replacements, maintenance and repairs, which do not improve or extend the lives of the respective assets are expensed. At the time property and equipment are retired or otherwise disposed of, the asset and related accumulated depreciation accounts are relieved of the applicable amounts. Gains or losses from retirements or sales are credited or charged to income. Property and equipment are depreciated over the useful lives of the asset using the straight line method. | |
Depreciation for the three and six month periods ended June 30, 2014 totaled $2,347 and $0, respectively. No depreciation expenses were recognized for the three and six month periods ended June 30, 2013. | |
Earnings Per Share | |
Basic earnings per share are computed by dividing earnings available to common stockholders by the weighted average number of outstanding common shares during the period. Diluted earnings per share is computed by dividing net income by the weighted average number of shares outstanding during the period increased to include the number of additional shares of common stock that would have been outstanding if the potentially dilutive securities had been issued. For the three and six months ended June 30, 2014, the period from November 1, 2012 (date of inception) to June 30, 2014, the Company has incurred losses; therefore the effect of any Common Stock equivalent would be anti-dilutive during those periods. There were no warrants, options, or other stock equity outstanding as of June 30, 2014. | |
Impairment of Long-Lived Assets and Assets | |
The Company reviews long-lived assets to be held and used for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If the sum of the expected future undiscounted cash flows is les s than the carrying amount of the asset, an impairment loss is recorded. No impairment losses were recognized for the three and six month ended June 30, 2014. | |
Concentration of Credit Risk | |
Cash and cash equivalents are mainly maintained by one highly qualified institution in the United States. At various times such amounts are in excess of federally insured limits. | |
Income Taxes | |
The Company accounts for income taxes in accordance with ASC 740, Income Taxes . This statement requires an asset and liability approach for accounting for income taxes. The accounting principles generally accepted in the United States of America provides accounting and disclosure guidance about positions taken by an entity in its tax returns that might be uncertain. | |
The accounting principles generally accepted in the United States of America provides accounting and disclosure guidance about positions taken by an organization in its tax returns that might be uncertain. Management has considered its tax positions and believes that all of the positions taken by the Company in its Federal and State tax returns are more likely than not to be sustained upon examination. The Company files income tax returns in the U.S. and various state jurisdictions. The Company is subject to examinations by U.S. Federal and State tax authorities from 2012 (inception) to the present, generally for three years after they are filed. | |
Foreign Currency Risk | |
Any significant changes in foreign currency exchange rates may have significant impact on Company’s future financial statements upon fulfilling certain purchase commitments in accordance to the license agreement disclosed in Note 7. | |
Recent Accounting Pronouncement | |
On January 1, 2013, the Company adopted the new accounting standard that requires disclosures about off setting and related arrangements for derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions. The adoption of this accounting standard did not have any impact on the Company’s financial statements. | |
On January 1, 2013, the Company adopted the new accounting standard that provides the option to evaluate qualitative factors to determine whether a calculated impairment test for indefinite-lived intangible assets is necessary. The adoption of this accounting standard did not have any impact on the Company’s financial statements. | |
In February 2013, the FASB issued a new accounting standard that provides guidance for the recognition, measurement, and disclosure of obligations resulting from joint and several liability arrangements. This new accounting standard is effective as of January 1, 2014. The adoption of this accounting standard did not have any impact on the Company’s financial statements. | |
In July 2013, the Financial Accounting Standards Board (“FASB”) issued a new accounting standard that requires an unrecognized tax benefit to be presented as a decrease in a deferred tax asset where a net operating loss, a similar tax loss, or a tax credit carryforward exists and certain criteria are met. The new accounting standard is effective as of January 1, 2014 and is consistent with the Company’s present practice. |
Vehicle_Deposits
Vehicle Deposits | 6 Months Ended |
Jun. 30, 2014 | |
Vehicle Deposits | ' |
Vehicle Deposits | ' |
3. VEHICLE DEPOSITS | |
2050 Motors purchased three prototype test models for delivery into the United States. One will undergo an advanced crash test known in the Automobile Safety Industry as the “overlap crash test” designed by the Insurance Institute for Highway Safety. The other two will be used for marketing and sales purposes . Actual production line models are not expected to be deliverable until the fourth quarter of 2014. | |
The total purchase price for these three vehicles was $86,000. This was paid by 2050 Motors in increments of $25,800 on August 20, 2013 and $60,200 on December 4, 2013. |
License_Agreement
License Agreement | 6 Months Ended |
Jun. 30, 2014 | |
License Agreement | ' |
License Agreement | ' |
4. LICENSE AGREEMENT | |
In 2012 and 2013, the Company made a total payment of $50,000 and signed an exclusive license agreement with Aoxin to import, assemble and manufacture the advanced carbon fiber electric vehicle, the e-Go EV model. The cost of this license agreement has been recognized as a long-term asset and is evaluated, by management, for impairment losses at each reporting period. |
ShortTerm_Advances
Short-Term Advances | 6 Months Ended |
Jun. 30, 2014 | |
Short-Term Advances | ' |
Short-Term Advances | ' |
5. SHORT-TERM ADVANCES | |
On June 30, 2014, the Company borrowed $50,000 from a third party. The loan bears 12% interest and matures on August 30, 2014. The entire balance was outstanding as of June 30, 2014. | |
During the year ended December 31, 2013, a third party advanced funds to the Company for the amount of $40,067. The advance is due upon demand and bears no interest. As of June 30, 2014 and December 31, 2013, the outstanding balance due to this third party was $763, and $1,763, respectively. |
Commitments_and_Contingencies
Commitments and Contingencies | 6 Months Ended | ||||
Jun. 30, 2014 | |||||
Commitments And Contingencies | ' | ||||
Commitments and Contingencies | ' | ||||
6. COMMITMENTS AND CONTINGENCIES | |||||
In November 2013, the Company signed a new facility lease for $2400 per month. The lease term commenced on December 15, 2013 and will expire on December 30, 2015. | |||||
Effective January 1, 2014, the Company is subleasing a temporary office facility in California from two shareholders. The monthly lease amount is $1,900 per month. The lease term ends on August 20, 2014. | |||||
Effective March 1, 2014, the Company signed a four thousand square feet of industrial space in North Las Vegas. The term of the lease is for three years and cost $2,200 per month. | |||||
Rent expenses were $19,500 and $32,400 for the three and six months ended June 30, 2014. The Company did not recognize any rent expenses for the three and six months period ended June 30, 2013. | |||||
The minimum aggregate payments due under this lease are as follows | |||||
Years ending December: | |||||
2014 | $ | 30,800 | |||
2015 | 55,200 | ||||
2016 | 33,000 | ||||
$ | 119,000 | ||||
According to the license agreement signed between the Company and Aoxin, in order to maintain exclusive rights for the United States (US), the Company is required to purchase and sell certain amount of e-Go EV model vehicles per year for a certain period of time starting from the completion of the requirements established by the United States Department of Transportation’s protocols for the e-Go EV model. The table below demonstrates the required amount of vehicles that the company needs to sell per year. | |||||
First year | 2,000 | ||||
Second year | 6,000 | ||||
Third year | 12,000 | ||||
Fourth year | 24,000 | ||||
Fifth year | 48,000 | ||||
92,000 | |||||
As part of the license agreement, the Company is committed to pay expenses related to any required airbag testing procedures. The cost of these airbags could be as little as $500,000 or as much as $2 million. | |||||
The Company may from time to time, become a party to various legal proceedings , arising in the ordinary course of business. The Company investigates these claims as they arise. Management does not believe, based on current knowledge, that there were any such claims outstanding as of June 30, 2014. |
Equity
Equity | 6 Months Ended |
Jun. 30, 2014 | |
Equity [Abstract] | ' |
Equity | ' |
7. EQUITY | |
On May 2, 2014, Zegarelli Group International (“Zegarelli”) (OTCBB:ZEGG), signed an Agreement of Reorganization (the “Acquisition Agreement”) with 2050 Motors, Inc., and certain stockholders of 2050 Motors, Inc. whereby Zegarelli acquired all of the issued and outstanding shares of 2050 Motors, Inc. common stock in exchange for 24,994,665 shares of Zegarelli common stock, and the 2050 Motors, Inc. stockholders became the majority owners of Zegarelli. In conjunction with this announcement, Zegarelli filed a Schedule 14F-1 with the U.S. Securities and Exchange Commission (“SEC”) relating to the change in the majority of its board of directors to a group of directors designated by 2050 Motors, Inc. In accordance with the close of the transaction Zegarelli changed its name to 2050 Motors, Inc., and affect a reverse stock split of one for four, reducing its total issued and outstanding shares to 5,668,084 shares prior to the exchange of shares with 2050 Motors, Inc. |
Subsequent_Event
Subsequent Event | 6 Months Ended |
Jun. 30, 2014 | |
Subsequent Events [Abstract] | ' |
Subsequent Event | ' |
8. SUBSEQUENT EVENT | |
On June 24, 2014, the Board of Directors approved to reserve 1.5 million shares of Company’s common stock to be offered at $0.35 per share to certain private investors. The amount of reserved shares was increased from 1.5 million to 3.5 million on July 14, 2014. | |
In July 2014, the Company issued 838,357 shares of Company’s common stock for $0.35 per share to private investors. | |
In July 2014, the Company issued 32,000 shares for $11,200 of marketing services rendered to the Company. |
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2014 | |
Accounting Policies [Abstract] | ' |
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 reported period. Actual results could differ from those estimates. | |
Cash and Cash Equivalents | ' |
Cash and Cash Equivalents | |
Cash equivalents consist of highly liquid investments with original maturities of three months or less. | |
Revenue Recognition | ' |
Revenue Recognition | |
The Company recognizes revenue upon concluding that all of the fundamental criteria for revenue recognition have been met. The criteria are usually met at the time products are shipped. The Company performs ongoing credit evaluations of its customers’ financial condition and records a reserve for sales returns and allowances based on the historical rate of returns on its products. For the six month periods ended June 30, 2014 and 2013, the Company had not recognized any revenue. | |
Research and Development Costs | ' |
Research and Development Costs | |
The Company expenses research and development costs as incurred. Research and development cost amounted to $0 for the three and six months ended June 30, 2014 and 2013 and the period from November 1, 2012 (date of inception) to June 30, 2014, respectively. | |
Advertising Costs | ' |
Advertising Costs | |
Costs incurred for producing and communicating advertising are expensed when incurred and included in selling general and administrative expenses. Advertising expense amounted to $0 for the three and six months ended June 30, 2014 and 2013 and the period from November 1, 2012 (date of inception) to June 30, 2014, respectively. | |
Property and Equipment | ' |
Property and Equipment | |
Property and equipment are stated at cost. Major renewals and improvements are charged to the asset accounts while replacements, maintenance and repairs, which do not improve or extend the lives of the respective assets are expensed. At the time property and equipment are retired or otherwise disposed of, the asset and related accumulated depreciation accounts are relieved of the applicable amounts. Gains or losses from retirements or sales are credited or charged to income. Property and equipment are depreciated over the useful lives of the asset using the straight line method. | |
Depreciation for the three and six month periods ended June 30, 2014 totaled $2,347 and $0, respectively. No depreciation expenses were recognized for the three and six month periods ended June 30, 2013. | |
Earnings Per Share | ' |
Earnings Per Share | |
Basic earnings per share are computed by dividing earnings available to common stockholders by the weighted average number of outstanding common shares during the period. Diluted earnings per share is computed by dividing net income by the weighted average number of shares outstanding during the period increased to include the number of additional shares of common stock that would have been outstanding if the potentially dilutive securities had been issued. For the three and six months ended June 30, 2014, the period from November 1, 2012 (date of inception) to June 30, 2014, the Company has incurred losses; therefore the effect of any Common Stock equivalent would be anti-dilutive during those periods. There were no warrants, options, or other stock equity outstanding as of June 30, 2014. | |
Impairment of Long-Lived Assets and Assets | ' |
Impairment of Long-Lived Assets and Assets | |
The Company reviews long-lived assets to be held and used for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If the sum of the expected future undiscounted cash flows is les s than the carrying amount of the asset, an impairment loss is recorded. No impairment losses were recognized for the three and six month ended June 30, 2014. | |
Concentration of Credit Risk | ' |
Concentration of Credit Risk | |
Cash and cash equivalents are mainly maintained by one highly qualified institution in the United States. At various times such amounts are in excess of federally insured limits. | |
Income Taxes | ' |
Income Taxes | |
The Company accounts for income taxes in accordance with ASC 740, Income Taxes . This statement requires an asset and liability approach for accounting for income taxes. The accounting principles generally accepted in the United States of America provides accounting and disclosure guidance about positions taken by an entity in its tax returns that might be uncertain. | |
The accounting principles generally accepted in the United States of America provides accounting and disclosure guidance about positions taken by an organization in its tax returns that might be uncertain. Management has considered its tax positions and believes that all of the positions taken by the Company in its Federal and State tax returns are more likely than not to be sustained upon examination. The Company files income tax returns in the U.S. and various state jurisdictions. The Company is subject to examinations by U.S. Federal and State tax authorities from 2012 (inception) to the present, generally for three years after they are filed. | |
Foreign Currency Risk | ' |
Foreign Currency Risk | |
Any significant changes in foreign currency exchange rates may have significant impact on Company’s future financial statements upon fulfilling certain purchase commitments in accordance to the license agreement disclosed in Note 7. | |
Recent Accounting Pronouncements | ' |
Recent Accounting Pronouncement | |
On January 1, 2013, the Company adopted the new accounting standard that requires disclosures about off setting and related arrangements for derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions. The adoption of this accounting standard did not have any impact on the Company’s financial statements. | |
On January 1, 2013, the Company adopted the new accounting standard that provides the option to evaluate qualitative factors to determine whether a calculated impairment test for indefinite-lived intangible assets is necessary. The adoption of this accounting standard did not have any impact on the Company’s financial statements. | |
In February 2013, the FASB issued a new accounting standard that provides guidance for the recognition, measurement, and disclosure of obligations resulting from joint and several liability arrangements. This new accounting standard is effective as of January 1, 2014. The adoption of this accounting standard did not have any impact on the Company’s financial statements. | |
In July 2013, the Financial Accounting Standards Board (“FASB”) issued a new accounting standard that requires an unrecognized tax benefit to be presented as a decrease in a deferred tax asset where a net operating loss, a similar tax loss, or a tax credit carryforward exists and certain criteria are met. The new accounting standard is effective as of January 1, 2014 and is consistent with the Company’s present practice. |
Commitments_and_Contingencies_
Commitments and Contingencies (Tables) | 6 Months Ended | ||||
Jun. 30, 2014 | |||||
Commitments And Contingencies Tables | ' | ||||
Schedule of Minimum Agreegate Payments Under Lease | ' | ||||
The minimum aggregate payments due under this lease are as follows | |||||
Years ending December: | |||||
2014 | $ | 30,800 | |||
2015 | 55,200 | ||||
2016 | 33,000 | ||||
$ | 119,000 | ||||
Schedule of Amount of Vehicles Per Year | ' | ||||
The table below demonstrates the required amount of vehicles that the company needs to sell per year. | |||||
First year | 2,000 | ||||
Second year | 6,000 | ||||
Third year | 12,000 | ||||
Fourth year | 24,000 | ||||
Fifth year | 48,000 | ||||
92,000 |
Summary_of_Significant_Account2
Summary of Significant Accounting Policies (Details Narrative) (USD $) | 3 Months Ended | 6 Months Ended | 20 Months Ended | ||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | |
Accounting Policies [Abstract] | ' | ' | ' | ' | ' |
Revenue | ' | ' | ' | ' | ' |
Research and development costs | 0 | 0 | 0 | 0 | 0 |
Advertising expense | 0 | 0 | 0 | 0 | 0 |
Depreciation | 0 | ' | 2,347 | ' | 2,379 |
Asset impairment loss | ' | ' | ' | ' | ' |
Vehicle_Deposits_Details_Narra
Vehicle Deposits (Details Narrative) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Dec. 04, 2013 | Aug. 20, 2013 |
Vehicle Deposits Details Narrative | ' | ' | ' | ' |
Vehicle deposits | $86,000 | $86,000 | $60,200 | $25,800 |
License_Agreement_Details_Narr
License Agreement (Details Narrative) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
License Agreement Details Narrative | ' | ' |
Payment for license agreement | $50,000 | $50,000 |
ShortTerm_Advances_Details_Nar
Short-Term Advances (Details Narrative) (USD $) | 6 Months Ended | |
Jun. 30, 2014 | Dec. 31, 2013 | |
Short-Term Advances Details Narrative | ' | ' |
Short term borrowing from third party | $50,000 | ' |
Loan bears interest rate | 12.00% | ' |
Short term borrowing maturity date | 30-Aug-14 | ' |
Advance amount received from related parties | ' | 40,067 |
Due to third party | $763 | $1,763 |
Commitments_and_Contingencies_1
Commitments and Contingencies (Details Narrative) (USD $) | 1 Months Ended | 0 Months Ended | 1 Months Ended | 3 Months Ended | 6 Months Ended | ||||
Mar. 01, 2014 | Jan. 03, 2014 | Nov. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | |
ha | Minimum [Member] | Maximum [Member] | |||||||
Lease term starting date | ' | ' | '2013-12-15 | ' | ' | ' | ' | ' | ' |
Lease term expiration date | ' | 20-Aug-14 | 30-Dec-15 | ' | ' | ' | ' | ' | ' |
Lease monthly payment | $2,200 | $1,900 | $2,400 | ' | ' | ' | ' | ' | ' |
Operating area of land for lease | 4,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Lease term period | '3 years | ' | ' | ' | ' | ' | ' | ' | ' |
Rent expenses | ' | ' | ' | 19,500 | ' | 32,400 | ' | ' | ' |
Cost of airbag | ' | ' | ' | ' | ' | ' | ' | $500,000 | $2,000,000 |
Commitments_and_Contingencies_2
Commitments and Contingencies - Schedule of Minimum Aggregate Payments Under Lease (Details) (USD $) | Jun. 30, 2014 |
Commitments And Contingencies - Schedule Of Minimum Aggregate Payments Under Lease Details | ' |
2014 | $30,800 |
2015 | 55,200 |
2016 | 33,000 |
Total | $119,000 |
Commitments_and_Contingencies_3
Commitments and Contingencies - Schedule of Amount of Vehicles Per Year (Details) (USD $) | 6 Months Ended | |||||
Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | |
First Year [Member] | Second Year [Member] | Third Year [Member] | Fourth Year [Member] | Fifth Year [Member] | ||
Sale of vehicles per year | $92,000 | $2,000 | $6,000 | $12,000 | $24,000 | $48,000 |
Equity_Details_Narrative
Equity (Details Narrative) | 6 Months Ended |
Jun. 30, 2014 | |
Equity Details Narrative | ' |
Shares issued in exchange | 24,994,665 |
Reverse stock split | ' |
reverse stock split of one for four | |
Restricted shares issued | 5,668,084 |
Restricted stock outstanding | 5,668,084 |
Subsequent_Event_Details_Narra
Subsequent Event (Details Narrative) (USD $) | Jun. 24, 2014 | Jul. 31, 2014 | Jul. 14, 2014 | Jul. 14, 2014 |
Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | ||
Minimum [Member] | Maximum [Member] | |||
Common stock, shares reserved | 1,500,000 | 838,357 | 1,500,000 | 3,500,000 |
Reserved stock, per share | $0.35 | $0.35 | ' | ' |
Common stock issued for marketing services, shares | ' | 32,000 | ' | ' |
Common stock issued for marketing services, values | ' | $11,200 | ' | ' |