Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2018 | Mar. 29, 2019 | Jun. 30, 2018 | |
Document And Entity Information [Abstract] | |||
Entity Registrant Name | Textmunication Holdings, Inc. | ||
Entity Central Index Key | 0000897078 | ||
Document Type | 10-K | ||
Document Period End Date | Dec. 31, 2018 | ||
Amendment Flag | false | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filer | No | ||
Entity Reporting Status Current | Yes | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Small Business | true | ||
Entity Emerging Growth Company | false | ||
Entity Ex Transition Period | false | ||
Entity Shell Company | false | ||
Entity Public Float | $ 249,999 | ||
Entity Common Stock, Shares Outstanding | 11,371,452 | ||
Trading Symbol | TXHD | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2018 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Dec. 31, 2018 | Dec. 31, 2017 |
Current assets | ||
Cash and cash equivalents | $ 68,513 | $ 10,158 |
Receivables | 14,516 | 2,849 |
Total current assets | 83,029 | 13,007 |
Software | 45,229 | |
Investment in equity method investee | 450,683 | 452,336 |
Total assets | 533,712 | 510,572 |
Current liabilities | ||
Accounts payable and accrued liabilities | 225,430 | 480,719 |
Due to related parties | 11,750 | 11,750 |
Convertible notes payable, net of discount | 20,000 | 172,230 |
Derivative liability | 319,041 | |
Total current liabilities | 257,180 | 983,740 |
Total liabilities | 257,180 | 983,740 |
Stockholders' Equity (Deficit) | ||
Preferred stock, 5,933,333 shares authorized, $0.0001 par value, 4,000,000 issued and outstanding | 400 | 400 |
Common stock; $0.0001 par value; 100,000,000 shares authorized; 4,456,452 and 2,435,179 shares issued and outstanding as of December 31, 2018 and 2017, respectively. | 446 | 244 |
Additional paid-in capital | 15,404,716 | 14,676,221 |
Accumulated deficit | (15,129,237) | (15,150,240) |
Total stockholders' equity (deficit) | 276,532 | (473,168) |
Total liabilities and stockholders' equity (deficit) | 533,712 | 510,572 |
Preferred Stock - Series B Member] | ||
Stockholders' Equity (Deficit) | ||
Preferred stock, 5,933,333 shares authorized, $0.0001 par value, 4,000,000 issued and outstanding | 7 | 7 |
Preferred Stock - Series C Member] | ||
Stockholders' Equity (Deficit) | ||
Preferred stock, 5,933,333 shares authorized, $0.0001 par value, 4,000,000 issued and outstanding | $ 200 | $ 200 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - $ / shares | Dec. 31, 2018 | Dec. 31, 2017 |
Preferred stock, shares authorized | 5,933,333 | 5,933,333 |
Preferred stock, par value | $ 0.0001 | $ 0.0001 |
Preferred stock, shares issued | 4,000,000 | 4,000,000 |
Preferred stock, shares outstanding | 4,000,000 | 4,000,000 |
Common stock, par value | $ 0.0001 | $ 0.0001 |
Common stock, shares authorized | 100,000,000 | 100,000,000 |
Common stock, shares issued | 4,456,452 | 2,435,179 |
Common stock, shares outstanding | 4,456,452 | 2,435,179 |
Preferred Stock - Series B Member] | ||
Preferred stock, shares authorized | 66,667 | 66,667 |
Preferred stock, par value | $ 0.0001 | $ 0.0001 |
Preferred stock, shares issued | 66,667 | 66,667 |
Preferred stock, shares outstanding | 66,667 | 66,667 |
Preferred Stock - Series C [Member] | ||
Preferred stock, shares authorized | 2,000,000 | 2,000,000 |
Preferred stock, par value | $ 0.0001 | $ 0.0001 |
Preferred stock, shares issued | 2,000,000 | 2,000,000 |
Preferred stock, shares outstanding | 2,000,000 | 2,000,000 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Income Statement [Abstract] | ||
Sales | $ 1,066,408 | $ 943,739 |
Cost of revenues | 314,638 | 317,336 |
Gross profit | 751,770 | 626,403 |
Operating expenses | ||
Advertising | 13,873 | 26,389 |
General and administrative expenses | 132,908 | 114,831 |
Legal and Professional fees | 256,370 | 554,119 |
Officer Compensation | 353,700 | 6,345,166 |
Salaries and Related | 132,208 | 96,901 |
Sales Commission | 64,053 | 14,849 |
Office Rent | 20,294 | 22,908 |
Impairment of inhouse software | 85,092 | |
Total operating expenses | 1,058,498 | 7,175,163 |
Loss from operations | (306,728) | (6,548,760) |
Other income (expense) | ||
Interest expense | (2,792) | (96,993) |
Loss on change of derivative liability | (850,753) | |
Amortization of debt discount | (42,534) | (188,549) |
Gain on settlement of derivative liabilities | 119,370 | |
Gain on settlement of notes payable | 255,339 | 37,561 |
Total other income (expense) | 329,383 | (1,098,734) |
Income (loss) from investment in equity method investee | (1,652) | (1,726) |
Net income (loss) | $ 21,003 | $ (7,649,220) |
Basic weighted average common shares outstanding | 4,223,119 | 1,994,897 |
Net Income (loss) per common share: basic and diluted | $ 0.005 | $ (4.26) |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Deficit - USD ($) | Preferred Stock - Series B Member] | Preferred Stock - Series C [Member] | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Accumulated Deficit [Member] | Total |
Balance at Dec. 31, 2016 | $ 7 | $ 400 | $ 20 | $ 6,258,265 | $ (7,501,020) | $ (1,242,328) | |
Balance, shares at Dec. 31, 2016 | 66,667 | 4,000,000 | 199,403 | ||||
Settlement of derivative liability | 1,271,691 | 1,271,691 | |||||
Stock issued to settle notes payable | $ 161 | 921,857 | 922,018 | ||||
Stock issued to settle notes payable, shares | 1,608,879 | ||||||
Stock issued for services | $ 208 | 6,114,892 | 6,115,100 | ||||
Stock issued for services, shares | 2,077,500 | ||||||
Stock issued to settle debt | $ 30 | 109,541 | 109,571 | ||||
Stock issued to settle debt, shares | 299,397 | ||||||
Conversion of common stock to preferred | $ 200 | $ (175) | (25) | ||||
Conversion of common stock to preferred, shares | 2,000,000 | (1,750,000) | |||||
Net Income (loss) | (7,649,220) | (7,649,220) | |||||
Balance at Dec. 31, 2017 | $ 7 | $ 200 | $ 400 | $ 244 | 14,676,221 | (15,150,240) | (473,168) |
Balance, shares at Dec. 31, 2017 | 66,667 | 2,000,000 | 4,000,000 | 2,435,179 | |||
Settlement of derivative liability | 403,679 | 403,679 | |||||
Stock issued to settle notes payable | $ 202 | 174,816 | 175,018 | ||||
Stock issued to settle notes payable, shares | 2,021,273 | ||||||
Proceeds from subscription agreements | 150,000 | 150,000 | |||||
Net Income (loss) | 21,003 | 21,003 | |||||
Balance at Dec. 31, 2018 | $ 7 | $ 200 | $ 400 | $ 446 | $ 15,404,716 | $ (15,129,237) | $ 276,532 |
Balance, shares at Dec. 31, 2018 | 66,667 | 2,000,000 | 4,000,000 | 4,456,452 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Cash Flows from Operating Activities | ||
Net Income (loss) | $ 21,003 | $ (7,649,220) |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
Amortization of debt discount | 42,534 | 188,549 |
Loss on derivative liability | 850,753 | |
Impairment of software cost | 45,229 | |
Non cash interest expense | 81,272 | |
Depreciation | 13,134 | 304 |
Share based compensation | 6,115,100 | |
Gain (Loss) on the settlement of debt | (255,339) | (37,561) |
Gain on settlement of derivative liabilities | (119,370) | |
Income from equity method investee | 1,652 | 1,726 |
Changes in assets and liabilities | ||
Receivables | (11,667) | 908 |
Accounts payable and accrued expenses | 161,020 | 302,450 |
Net cash provided by / ( used in) operating activities | (101,803) | (145,719) |
Capitalization of software cost | (45,229) | |
Net cash provided by investing activities | (45,229) | |
Cash Flows from Financing Activities | ||
Proceeds from subscription | 150,000 | |
Proceeds on loans payable | 11,500 | |
Payments on loans payable | (15,212) | |
Net proceeds from convertible notes payable | 204,818 | |
Net cash provided by financing activities | 150,000 | 201,106 |
Net increase in cash | 48,197 | 10,158 |
Cash, beginning of period | 10,158 | |
Cash, end of period | 58,355 | 10,158 |
Supplemental disclosure of cash flow information | ||
Cash paid for interest | 6,171 | 10,522 |
Non-Cash investing and financing transactions | ||
Conversion of debt for common stock | 109,571 | |
Conversion of convertible notes payable | 127,230 | 922,018 |
Settlement of derivative liability | $ 319,041 | $ 1,271,691 |
Basis of Presentation and Going
Basis of Presentation and Going Concern | 12 Months Ended |
Dec. 31, 2018 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Basis of Presentation and Going Concern | NOTE 1 – BASIS OF PRESENTATION AND GOING CONCERN The Company Textmunication Holdings, Inc. (Company) was incorporated on May 13, 2010 under the laws of the State of California. Textmunication is an online mobile marketing platform service that will connect merchants with their customers and allow them to drive loyalty and repeat business in a non-intrusive, value added medium. For merchants we provide a mobile marketing platform where they can always send the most up-to-date offers/discounts/alerts/events schedule, such as happy hours, trivia night, and other campaigns. The consumer can also access specials and promotions that merchants choose to distribute through Textmunication by opting in to keywords designated to the merchant’s keywords. On November 16, 2013, the Company entered into a Share Exchange Agreement (SEA) with Textmunication Holdings (Holdings). a Nevada corporation, whereby the sole shareholder of the Company received 65,640,207 new shares of common stock of Holdings in exchange for 100% of the Company’s issued and outstanding shares. On July 9, 2018 the 1 – 1,000 Reverse Split of “Textmunication Holdings, Inc.” (TXHD) common stock took effect at the open of business. All shares and per share amounts have been retroactively adjusted to reflect the r3everse split. July 9th, 2018 Textmunication Holdings, Inc. (“TXHD”) entered into Advisory Agreements with Mr. Thomas DiBenedetto and Mr. Joseph Griffin. Mr. DiBenedetto will advise Textmunication on business execution, growth initiatives and strategic investment opportunities. Mr. Joseph Griffin will join Textmunication as a financial investment advisor. In his role, he will advise the company on strategic investment opportunities and investment execution. Basis of Presentation Our financial statements are presented in conformity with accounting principles generally accepted in the United States of America, as reported on our fiscal years ending on December 31, 2018 and 2017. We have summarized our most significant accounting policies. Going concern These consolidated financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business. As of December 31, 2018, the Company has an accumulated deficit of $15,129,237. The company’s ability to continue as a going concern is contingent upon the successful completion of additional financing arrangements and its ability to achieve and maintain profitable operations. While the Company is expanding its best efforts to achieve the above plans, there is no assurance that any such activity will generate funds that will be available for operations. These conditions raise substantial doubt about the Company’s ability to continue as a going concern for a period of one year from the issuance of these financial statements. These consolidated financial statements do not include any adjustments that might arise from this uncertainty. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2018 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Cash The Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. The Company minimizes its credit risk associated with cash by periodically evaluating the credit quality of its primary financial institution. The balance at times may exceed federally insured limits. At December 31, 2018 and 2017 no cash balances exceeded the federally insured limit. Accounts receivable and allowance for doubtful accounts Accounts receivable are stated at the amount management expects to collect. The Company generally does not require collateral to support customer receivables. The Company provides an allowance for doubtful accounts based upon a review of the outstanding accounts receivable, historical collection information and existing economic conditions. As of December 31, 2018, and 2017 the allowance for doubtful accounts was $0 and bad debt expense of $0 and $0, respectively. Revenue Recognition Revenues are recognized when control of the promised is transferred to our customers, in an amount that reflects the consideration we expect to be entitled to in exchange for those services. The Company currently derives a substantial majority of its revenue from fees associated with our subscription services, which generally include mobile marketing platform services. Customers are billed for the subscription on a monthly basis. For all of the Company’s customers, regardless of the method, the Company uses to bill them, subscription revenue is recorded as deferred revenue in the accompanying consolidated balance sheets. As services are performed, the Company recognizes subscription revenue on a monthly basis over the applicable service period. When the Company provides a free trial period, the Company does not begin to recognize subscription revenue until the trial period has ended and the customer has been billed for the services. Professional services revenues are generated from SMS and RCS packages where client logs into a cloud-based application to send targeted SMS messages to their subscribers base. Our custom web application SMS/RCS platform is typically billed on a fixed-price based on the number of SMS/RCS allocated for each package our client purchases. Generally, revenue for SMS/RCS services is recognized immediately as our clients have instant access to their web-based application to send out messages, the number of SMS/RCS messages allocated to a client expires at the end of each month and renews beginning of each month. The Company offers whereby control of the product passes to the customer when delivered and revenue is recognized at the time of delivery. Results for reporting periods beginning after January 1, 2018 are presented under Topic 606, while prior period amounts are not adjusted and continue to be reported in accordance with our historic accounting under Topic 605 We did not have a cumulative impact as of January 1, 2018 due to the adoption of Topic 606 and there was not an impact to our consolidated statement of operations for the year ended December 31, 2018 as a result of applying Topic 606. Fair Value of Financial Instruments The carrying amounts reflected in the balance sheets for cash, accounts payable and accrued expenses approximate the respective fair values due to the short maturities of these items. As required by the Fair Value Measurements and Disclosures Topic of the FASB ASC, fair value is measured based on a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows: (Level 1) observable inputs such as quoted prices in active markets; (Level 2) inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and (Level 3) unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions. The three levels of the fair value hierarchy are described below: Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; Level 2: Quoted prices in markets that are not active, or inputs that is observable, either directly or indirectly, for substantially the full term of the asset or liability; Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity). The fair value of the accounts receivable, accounts payable, notes payable are considered short term in nature and therefore their value is considered fair value. As of December 31, 2018 there’s no financial assets and liabilities measured at fair value. Financial assets and liabilities measured at fair value on a recurring basis are summarized below for the year ended December 31, 2017: Level 1 Level 2 Level 3 Total Liabilities Derivative Financial Instruments $ — $ — $ 319,041 $ 319,041 Net income (loss) per Common Share Basic net income (loss) per share is computed by dividing the net loss attributable to the common stockholders by the weighted average number of shares of common stock outstanding during the period. Fully diluted loss per share is computed similar to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. Property and equipment Property and equipment are stated at cost, less accumulated depreciation provided on the straight-line method over the estimated useful lives of the assets, which range from three to seven years. Expenditures for renewals or betterments are capitalized, and repairs and maintenance are charged to expense as incurred the cost and accumulated depreciation of assets sold or otherwise disposed of are removed from the accounts, and any gain or loss thereon is reflected in operations. Company policy capitalize property and equipment for cost over $1,000, asset acquired under $1,000 are charge to operations. Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. Because the Company has no net income, the tax benefit of the accumulated net loss has been fully offset by an equal valuation allowance. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles 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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. Stock-Based Compensation The Company accounts for employee stock-based compensation in accordance with the guidance of FASB ASC Topic 718, Compensation – Stock Compensation which requires all share-based payments to employees, including grants of employee stock options, to be recognized in the financial statements based on their fair values. The fair value of the equity instrument is charged directly to compensation expense and credited to additional paid-in capital over the period during which services are rendered. The Company follows ASC Topic 505-50, formerly EITF 96-18, “Accounting for Equity Instruments that are Issued to Other than Employees for Acquiring, or in Conjunction with Selling Goods and Services,” for stock options and warrants issued to consultants and other non-employees. In accordance with ASC Topic 505-50, these stock options and warrants issued as compensation for services provided to the Company are accounted for based upon the fair value of the services provided or the estimated fair market value of the option or warrant, whichever can be more clearly determined. The fair value of the equity instrument is charged directly to compensation expense and additional paid-in capital over the period during which services are rendered. Software Development Costs The Company applies the principles of FASB ASC 985-20, Accounting for the Costs of Computer Software to Be Sold, Leased, or Otherwise Marketed (“ASC 985-20”). ASC 985-20 requires that software development costs incurred in conjunction with product development be charged to research and development expense until technological feasibility is established. Thereafter, until the product is released for sale, software development costs must be capitalized and reported at the lower of unamortized cost or net realizable value of the related product. The Company also applies the principles of FASB ASC 350-40, Accounting for the Cost of Computer Software Developed or Obtained for Internal Use (“ASC 350-40”). ASC 350-40 requires that software development costs incurred before the preliminary project stage be expensed as incurred. We capitalize development costs related to these software applications once the preliminary project stage is complete and it is probable that the project will be completed, and the software will be used to perform the function intended. During the 3rd quarter of the year management determine that the software is unable to handle the expanding business and decided to scrap the entire project and recognize as loss for the year. A total cost of $85,092 was written off in the 3 rd Advertising Expenses Advertising expenses are included in General and administrative expenses in the Statements of Operations and are expensed as incurred. The Company incurred $13,873 and $26,389 in advertising expenses for the year ended December 31, 2018 and 2017, respectively. Recent Accounting Pronouncements In March 2016, the FASB issued ASU 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) In April 2016, the FASB issued ASU 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing. two In May 2016, the FASB issued ASU 2016-12, Revenue from Contracts from Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients. In January 2016, the FASB issued ASU 2016-01, Financial Instruments-Overall: Recognition and Measurement of Financial Assets and Financial Liabilities. In February 2016, the FASB issued ASU 2016-02, Leases In March 2016, the FASB issued ASU 2016-05, Derivatives and Hedging: Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships, which clarifies that a change in the counterparty to a derivative instrument that has been designated as a hedging instrument would not, in and of itself, be considered a termination of the derivative instrument, provided that all other hedge accounting criteria continue to be met. ASU 2016-05 is effective for the Company beginning on January 1, 2017. Early adoption is permitted, including in an interim period. Management evaluated ASU 2016-05 and determined that the adoption of this new accounting standard did not have a material impact on the Company’s consolidated financial statements. In August 2016, the FASB issued ASU 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments” (“ASU 2016-15”). ASU 2016-15 targeted changes to how cash receipts and cash payments are presented and classified in the statement of cash flows. ASU 2016-15 was effective for fiscal years beginning after December 15, 2017. The new standard requires adoption on a retrospective basis unless it is impracticable to apply, in which case it would be required to apply the amendments prospectively as of the earliest date practicable. The adoption did not have a material impact to the consolidated financial statements. In May 2017, the FASB issued ASU 2017-09, Compensation-Stock Compensation (Topic 718), Scope of Modification Accounting. The amendments in this Update provide guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting in Topic 718. The amendments in this Update were effective for all entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. Early adoption was permitted, including adoption in any interim period, for (1) public business entities for reporting periods for which financial statements have not yet been issued and (2) all other entities for reporting periods for which financial statements have not yet been made available for issuance. The adoption did not have a material impact to the consolidated financial statements. In July 2017, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2017-11, Earnings Per Share (Topic 260), Distinguishing Liabilities from Equity (Topic 480), Derivatives and Hedging (Topic 815). The amendments in Part I of this Update change the classification analysis of certain equity-linked financial instruments (or embedded features) with down round features. When determining whether certain financial instruments should be classified as liabilities or equity instruments, a down round feature no longer precludes equity classification when assessing whether the instrument is indexed to an entity’s own stock. The amendments also clarify existing disclosure requirements for equity-classified instruments. As a result, a freestanding equity-linked financial instrument (or embedded conversion option) no longer would be accounted for as a derivative liability at fair value as a result of the existence of a down round feature. For freestanding equity classified financial instruments, the amendments require entities that present earnings per share (EPS) in accordance with Topic 260 to recognize the effect of the down round feature when it is triggered. That effect is treated as a dividend and as a reduction of income available to common shareholders in basic EPS. Convertible instruments with embedded conversion options that have down round features are now subject to the specialized guidance for contingent beneficial conversion features (in Subtopic 470-20, Debt—Debt with Conversion and Other Options), including related EPS guidance (in Topic 260). The amendments in Part II of this Update recharacterize the indefinite deferral of certain provisions of Topic 480 that now are presented as pending content in the Codification, to a scope exception. Those amendments do not have an accounting effect. For public business entities, the amendments in Part I of this Update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. For all other entities, the amendments in Part I of this Update are effective for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. Early adoption is permitted for all entities, including adoption in an interim period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. |
Related Party Transactions
Related Party Transactions | 12 Months Ended |
Dec. 31, 2018 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | NOTE 3 – RELATED PARTY TRANSACTIONS Loans due to related parties are due on demand and have no interest. Amounts outstanding as of December 31, 2018 and 2017 was approximately $11,750 and $11,750, respectively |
Convertible Note Payable
Convertible Note Payable | 12 Months Ended |
Dec. 31, 2018 | |
Debt Disclosure [Abstract] | |
Convertible Note Payable | NOTE 4 - CONVERTIBLE NOTE PAYABLE Convertible notes payable consists of the following: December 31, 2018 December 31, 2017 Total convertible notes payable 20,000 214,764 Less discounts - (42,534 ) Convertible notes, net of discount $ 20,000 $ 172,230 The Company accounts for the fair value of the conversion features of its convertible debt in accordance with ASC Topic No. 815-15 “Derivatives and Hedging; Embedded Derivatives” (“Topic No. 815-15”). Topic No. 815-15 requires the Company to bifurcate and separately account for the conversion features as an embedded derivative contained in the Company’s convertible debt. The Company is required to carry the embedded derivative on its balance sheet at fair value and account for’ any unrealized change in fair value as a component of results of operations. The Company values the embedded derivatives using the Black-Scholes pricing model. The following table presents details of the changes in the Company’s derivative liabilities associated with its convertible notes for the year ended December 31, 2018: Amount Balance December 31, 2017 $ 319,041 Adjustment to derivative liability due to debt conversion (199,671 ) Change in fair market value of derivative liabilities (119,370 ) Balance December 31, 2018 $ - Settlement Agreements During the nine months ended September 30, 2018, the Company entered into certain cancellation agreements with the holder of a certain notes payable in the amounting to $96,721, including accrued interest issued from December 10, 2015 through August 27, 2017. The face value of the canceled debt of $96,721 has been recorded as a gain on settlement of notes payable as of September 30, 2018. The company also have settled convertible notes amounting to $172,230 for a total amount of $32,500 On October 12, 2018, Textmunication Holdings, Inc. entered into a Settlement Agreement and Release (the “Agreement”) with Lester Einhaus (“Holder”) concerning a $25,000 convertible note issued by the Company to the Holder on September 23, 2015 (the “Note”). The Agreement requires the Company to issue to the Holder 475,000 shares of the Company’s common stock, subject to the condition that the Holder does not own more than 4.99% of the Company’s outstanding shares at any time. As such, the shares will be issued out in tranches, with the first such tranche due within 10 days of signing the Agreement for 198,000 shares. The Holder agreed to a daily leak out of the greater of 10,000 shares or 15% of the trading volume |
Investment in Aspire Consulting
Investment in Aspire Consulting Group, LLC | 12 Months Ended |
Dec. 31, 2018 | |
Investments Schedule [Abstract] | |
Investment in Aspire Consulting Group, LLC | NOTE 6 – INVESTMENT IN ASPIRE CONSULTING GROUP, LLC On January 5, 2016, the Company entered into a Share Exchange Agreement with Aspire Consulting Group, LLC, a Virginia limited liability company and certain members of Aspire. Pursuant to the terms of the Exchange Agreement, the Company agreed to acquire 49% of all of the issued and outstanding membership units of Aspire in exchange for the issuance of 66,667 shares of the Company’s newly created Series B Convertible Preferred Stock to the Members valued at $460,002. The Company has concluded that it has the ability to exercise significant influence, but not control, over an Aspire through its acquired 49% equity interest and therefore has accounted for the acquisition of the interest under the equity method. The following table presents details of the Company’s investment is Aspire as of December 31, 2017 and 2016: Amount Balance December 31, 2016 $ 454,062 Loss from equity method investee (1,726 ) Balance December 31, 2017 $ 452,336 Loss from equity method (1,653 ) Balance December 31, 2018 $ 450,683 |
Commitments and Contingencies
Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2018 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | NOTE 7 – COMMITMENTS AND CONTINGENCIES Office Lease On January 6, 2015 the Company signed an amendment to its lease originally signed on May 9, 2008. The amended lease commenced January 1, 2015 and expires on thirty days’ notice. Current month to month lease is for $1,838 a month. Rent expense was approximately $22,294 and $22,908 for the years ended December 31, 2017 and 2016, respectively. Executive Employment Agreement The Company has an employment agreement with the CEO/Chairman to perform duties and responsibilities as may be assigned by the Board of Directors. The base salary is in the amount of $132,000 per annum plus an annual discretionary bonus plus benefits commencing on December 17, 2013 and ending May 1, 2019 with an automatic renewal on each anniversary date (May 1) thereafter. Litigations Claims and Assessments On October 12, 2018, Textmunication Holdings, Inc. (“Company”), Wais Asefi, the Company’s CEO, and David Thielen, the Company’s COO, entered into a Settlement Agreement and Release (the “Agreement”) with Lester Einhaus (“Holder”) concerning a $25,000 convertible note issued by the Company to the Holder on September 23, 2015 (the “Note”). Case detail as follows: Lester Einhaus vs. Textmunication United States District Court – Northern District Filed on 6/14/2017 Case: 1:17-cv-04478 As of December 31, 2018, there are no pending case against Textmunication Inc. |
Income Taxes
Income Taxes | 12 Months Ended |
Dec. 31, 2018 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | NOTE 8 – INCOME TAXES For the year ended December 31, 2018, the cumulative net operating loss carry-forward from continuing operations is approximately $12,281,083 and will expire beginning in the year 2030. The cumulative tax effect at the expected rate of 21% of significant items comprising our net deferred tax amount is as follows as of December 31, 2018 and 2017: 2018 2017 Deferred tax asset attributable to: Net operating loss carryover $ 2,579,027 $ 2,583,438 Valuation allowance (2,579,027 ) (2,583,438 ) Net deferred tax asset $ - $ - Due to the enactment of the Tax Reform Act of 2017, the corporate tax rate for those tax years beginning with 2018 has been reduced to 21%. |
Stockholders' Equity
Stockholders' Equity | 12 Months Ended |
Dec. 31, 2018 | |
Equity [Abstract] | |
Stockholders' Equity | Note 9 – STOCKHOLDERS’ EQUITY The Company is authorized to issue an aggregate of 4,000,000,000 shares of common stock with a par value of $0.0001. The Company is also authorized to issue 10,000,000 shares of “blank check” preferred stock with a par value of $0.0001, which includes 4,000,000 shares of Series A preferred stock (“Series A”), 66,667 shares of Series B preferred stock (“Series B”), and 2,000,000 shares of Series C preferred stock (“Series C”). Under the Certificate of Designation, holders of Series A Preferred Stock will participate on an equal basis per-share with holders of our common stock in any distribution upon winding up, dissolution, or liquidation. Holders of Series A Preferred Stock are entitled to vote together with the holders of our common stock on all matters submitted to shareholders at a rate of three hundred (300) votes for each share held. On January 5, 2016, pursuant to Article III of our Articles of Incorporation, the Company’s Board of Directors voted to designate a class of preferred stock entitled Series B Convertible Preferred Stock, consisting of up 66,667 shares, par value $0.0001. Under the Certificate of Designation, holders of Series B Convertible Preferred Stock participate on an equal basis per-share with holders of the Company’s common stock and Series A Preferred Stock in any distribution upon winding up, dissolution, or liquidation. Holders of Series B Convertible Preferred Stock are not entitled to voting rights. On May 9, 2017, the Board of Directors voted to designate a class of preferred stock entitled Series C Convertible Preferred Stock, consisting of up to 2,000,000 shares, par value $0.0001. Under the Certificate of Designation, holders of Series C Convertible Preferred Stock will participate on an equal basis per-share with holders of common stock, Series A Preferred Stock and Series B Preferred Stock in any distribution upon winding up, dissolution, or liquidation. Holders of Series C Convertible Preferred Stock are entitled to vote together with the holders of our common stock on all matters submitted to shareholders at a rate of 875 votes for each share held. Holders of Series C Convertible Preferred Stock are entitled to convert each share held for 875 shares of common stock. On February 16, 2017, the Company issued a total of 2,000,000 shares of our common stock (post-split) to our officer and director, Wais Asefi, as compensation for services rendered. During the year ended December 31, 2017, the officer exchanged the common shares for 2,000,000 shares of newly designated Series C Preferred stock. During the year ended December 31, 2017, the Company issued 1,608,877 shares of common stock (post-split) for the partial conversion and settlements of $765,217. The converted portion of the notes also had associated derivative liabilities with fair values on the date of conversion of $1,271,691. The conversion of the derivative liabilities has been recorded through additional paid-in capital. During the year ended December 31, 2017, the Company issued 299,397 shares of common stock (post-split) valued at $109,571 for the settlement of debt related to a 3a10 settlement. During the year ended December 31, 2017, the Company issued 77,500 shares of common stock (post-split) for services valued at $115,100. During the year ended December 31, 2018, ● the Company’s Board of Directors approved a one to one thousand (1:1000) reverse stock split, which became effective July 9, 2018. The Company consolidated financial statements have been retroactively restated to the reflect the effect of the stock split ● the Company entered into a subscription agreement for 9.98% of the company common shares outstanding for $150,000. During the year ended December 31, 2018, the Company issued 1,380,933 shares of common stock with a fair value of $354,010 for the conversion of convertible notes payable. The converted portion of the notes also had associated derivative liabilities with fair values on the date of conversion of 866,361. The conversion of the derivative liabilities has been recorded through additional paid-in capital |
Subsequent Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2018 | |
Subsequent Events [Abstract] | |
Subsequent Events | NOTE 10 – SUBSEQUENT EVENTS On February 12, 2019, Textmunication signed a Letter of Intent to acquire Off Day Trainer (“ODT”), a patented software platform designed to help fitness pros and health clubs scale their businesses through automated messaging and communication management. In addition to owning the ODT software platform, the acquisition will include all branding, media (social), source code, patent associated with the platform and all existing ODT clients. On March 19, 2019 the Company completed its 2019 Stock Equity Plan. The purpose of the Plan is to attract and retain the best available personnel for positions of substantial responsibility with the Company, to provide additional incentive to employees, directors and consultants of the Company, and to promote the success of the Company’s business. Under the Plan the Company may issue up to an aggregate total of 10,000,000 shares of the Company’s common stock. As of March 29, 2019, the Company has issued 6,500,000 shares of common stock under the Plan. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2018 | |
Accounting Policies [Abstract] | |
Cash | Cash The Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. The Company minimizes its credit risk associated with cash by periodically evaluating the credit quality of its primary financial institution. The balance at times may exceed federally insured limits. At December 31, 2018 and 2017 no cash balances exceeded the federally insured limit. |
Accounts Receivable and Allowance for Doubtful Accounts | Accounts receivable and allowance for doubtful accounts Accounts receivable are stated at the amount management expects to collect. The Company generally does not require collateral to support customer receivables. The Company provides an allowance for doubtful accounts based upon a review of the outstanding accounts receivable, historical collection information and existing economic conditions. As of December 31, 2018, and 2017 the allowance for doubtful accounts was $0 and bad debt expense of $0 and $0, respectively. |
Revenue Recognition | Revenue Recognition Revenues are recognized when control of the promised is transferred to our customers, in an amount that reflects the consideration we expect to be entitled to in exchange for those services. The Company currently derives a substantial majority of its revenue from fees associated with our subscription services, which generally include mobile marketing platform services. Customers are billed for the subscription on a monthly basis. For all of the Company’s customers, regardless of the method, the Company uses to bill them, subscription revenue is recorded as deferred revenue in the accompanying consolidated balance sheets. As services are performed, the Company recognizes subscription revenue on a monthly basis over the applicable service period. When the Company provides a free trial period, the Company does not begin to recognize subscription revenue until the trial period has ended and the customer has been billed for the services. Professional services revenues are generated from SMS and RCS packages where client logs into a cloud-based application to send targeted SMS messages to their subscribers base. Our custom web application SMS/RCS platform is typically billed on a fixed-price based on the number of SMS/RCS allocated for each package our client purchases. Generally, revenue for SMS/RCS services is recognized immediately as our clients have instant access to their web-based application to send out messages, the number of SMS/RCS messages allocated to a client expires at the end of each month and renews beginning of each month. The Company offers whereby control of the product passes to the customer when delivered and revenue is recognized at the time of delivery. Results for reporting periods beginning after January 1, 2018 are presented under Topic 606, while prior period amounts are not adjusted and continue to be reported in accordance with our historic accounting under Topic 605 We did not have a cumulative impact as of January 1, 2018 due to the adoption of Topic 606 and there was not an impact to our consolidated statement of operations for the year ended December 31, 2018 as a result of applying Topic 606. |
Fair Value of Financial Instruments | Fair Value of Financial Instruments The carrying amounts reflected in the balance sheets for cash, accounts payable and accrued expenses approximate the respective fair values due to the short maturities of these items. As required by the Fair Value Measurements and Disclosures Topic of the FASB ASC, fair value is measured based on a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows: (Level 1) observable inputs such as quoted prices in active markets; (Level 2) inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and (Level 3) unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions. The three levels of the fair value hierarchy are described below: Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; Level 2: Quoted prices in markets that are not active, or inputs that is observable, either directly or indirectly, for substantially the full term of the asset or liability; Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity). The fair value of the accounts receivable, accounts payable, notes payable are considered short term in nature and therefore their value is considered fair value. As of December 31, 2018 there’s no financial assets and liabilities measured at fair value. Financial assets and liabilities measured at fair value on a recurring basis are summarized below for the year ended December 31, 2017: Level 1 Level 2 Level 3 Total Liabilities Derivative Financial Instruments $ — $ — $ 319,041 $ 319,041 |
Net Income (Loss) Per Common Share | Net income (loss) per Common Share Basic net income (loss) per share is computed by dividing the net loss attributable to the common stockholders by the weighted average number of shares of common stock outstanding during the period. Fully diluted loss per share is computed similar to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. |
Property and Equipment | Property and equipment Property and equipment are stated at cost, less accumulated depreciation provided on the straight-line method over the estimated useful lives of the assets, which range from three to seven years. Expenditures for renewals or betterments are capitalized, and repairs and maintenance are charged to expense as incurred the cost and accumulated depreciation of assets sold or otherwise disposed of are removed from the accounts, and any gain or loss thereon is reflected in operations. Company policy capitalize property and equipment for cost over $1,000, asset acquired under $1,000 are charge to operations. |
Income Taxes | Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. Because the Company has no net income, the tax benefit of the accumulated net loss has been fully offset by an equal valuation allowance. |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles 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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. |
Stock-Based Compensation | Stock-Based Compensation The Company accounts for employee stock-based compensation in accordance with the guidance of FASB ASC Topic 718, Compensation – Stock Compensation which requires all share-based payments to employees, including grants of employee stock options, to be recognized in the financial statements based on their fair values. The fair value of the equity instrument is charged directly to compensation expense and credited to additional paid-in capital over the period during which services are rendered. The Company follows ASC Topic 505-50, formerly EITF 96-18, “Accounting for Equity Instruments that are Issued to Other than Employees for Acquiring, or in Conjunction with Selling Goods and Services,” for stock options and warrants issued to consultants and other non-employees. In accordance with ASC Topic 505-50, these stock options and warrants issued as compensation for services provided to the Company are accounted for based upon the fair value of the services provided or the estimated fair market value of the option or warrant, whichever can be more clearly determined. The fair value of the equity instrument is charged directly to compensation expense and additional paid-in capital over the period during which services are rendered. |
Software Development Costs | Software Development Costs The Company applies the principles of FASB ASC 985-20, Accounting for the Costs of Computer Software to Be Sold, Leased, or Otherwise Marketed (“ASC 985-20”). ASC 985-20 requires that software development costs incurred in conjunction with product development be charged to research and development expense until technological feasibility is established. Thereafter, until the product is released for sale, software development costs must be capitalized and reported at the lower of unamortized cost or net realizable value of the related product. The Company also applies the principles of FASB ASC 350-40, Accounting for the Cost of Computer Software Developed or Obtained for Internal Use (“ASC 350-40”). ASC 350-40 requires that software development costs incurred before the preliminary project stage be expensed as incurred. We capitalize development costs related to these software applications once the preliminary project stage is complete and it is probable that the project will be completed, and the software will be used to perform the function intended. During the 3rd quarter of the year management determine that the software is unable to handle the expanding business and decided to scrap the entire project and recognize as loss for the year. A total cost of $85,092 was written off in the 3 rd |
Advertising Expenses | Advertising Expenses Advertising expenses are included in General and administrative expenses in the Statements of Operations and are expensed as incurred. The Company incurred $13,873 and $26,389 in advertising expenses for the year ended December 31, 2018 and 2017, respectively. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements In March 2016, the FASB issued ASU 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) In April 2016, the FASB issued ASU 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing. two In May 2016, the FASB issued ASU 2016-12, Revenue from Contracts from Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients. In January 2016, the FASB issued ASU 2016-01, Financial Instruments-Overall: Recognition and Measurement of Financial Assets and Financial Liabilities. In February 2016, the FASB issued ASU 2016-02, Leases In March 2016, the FASB issued ASU 2016-05, Derivatives and Hedging: Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships, which clarifies that a change in the counterparty to a derivative instrument that has been designated as a hedging instrument would not, in and of itself, be considered a termination of the derivative instrument, provided that all other hedge accounting criteria continue to be met. ASU 2016-05 is effective for the Company beginning on January 1, 2017. Early adoption is permitted, including in an interim period. Management evaluated ASU 2016-05 and determined that the adoption of this new accounting standard did not have a material impact on the Company’s consolidated financial statements. In August 2016, the FASB issued ASU 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments” (“ASU 2016-15”). ASU 2016-15 targeted changes to how cash receipts and cash payments are presented and classified in the statement of cash flows. ASU 2016-15 was effective for fiscal years beginning after December 15, 2017. The new standard requires adoption on a retrospective basis unless it is impracticable to apply, in which case it would be required to apply the amendments prospectively as of the earliest date practicable. The adoption did not have a material impact to the consolidated financial statements. In May 2017, the FASB issued ASU 2017-09, Compensation-Stock Compensation (Topic 718), Scope of Modification Accounting. The amendments in this Update provide guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting in Topic 718. The amendments in this Update were effective for all entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. Early adoption was permitted, including adoption in any interim period, for (1) public business entities for reporting periods for which financial statements have not yet been issued and (2) all other entities for reporting periods for which financial statements have not yet been made available for issuance. The adoption did not have a material impact to the consolidated financial statements. In July 2017, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2017-11, Earnings Per Share (Topic 260), Distinguishing Liabilities from Equity (Topic 480), Derivatives and Hedging (Topic 815). The amendments in Part I of this Update change the classification analysis of certain equity-linked financial instruments (or embedded features) with down round features. When determining whether certain financial instruments should be classified as liabilities or equity instruments, a down round feature no longer precludes equity classification when assessing whether the instrument is indexed to an entity’s own stock. The amendments also clarify existing disclosure requirements for equity-classified instruments. As a result, a freestanding equity-linked financial instrument (or embedded conversion option) no longer would be accounted for as a derivative liability at fair value as a result of the existence of a down round feature. For freestanding equity classified financial instruments, the amendments require entities that present earnings per share (EPS) in accordance with Topic 260 to recognize the effect of the down round feature when it is triggered. That effect is treated as a dividend and as a reduction of income available to common shareholders in basic EPS. Convertible instruments with embedded conversion options that have down round features are now subject to the specialized guidance for contingent beneficial conversion features (in Subtopic 470-20, Debt—Debt with Conversion and Other Options), including related EPS guidance (in Topic 260). The amendments in Part II of this Update recharacterize the indefinite deferral of certain provisions of Topic 480 that now are presented as pending content in the Codification, to a scope exception. Those amendments do not have an accounting effect. For public business entities, the amendments in Part I of this Update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. For all other entities, the amendments in Part I of this Update are effective for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. Early adoption is permitted for all entities, including adoption in an interim period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Accounting Policies [Abstract] | |
Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis | As of December 31, 2018 there’s no financial assets and liabilities measured at fair value. Financial assets and liabilities measured at fair value on a recurring basis are summarized below for the year ended December 31, 2017: Level 1 Level 2 Level 3 Total Liabilities Derivative Financial Instruments $ — $ — $ 319,041 $ 319,041 |
Convertible Note Payable (Table
Convertible Note Payable (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Debt Disclosure [Abstract] | |
Schedule of Convertible Notes Payable | Convertible notes payable consists of the following: December 31, 2018 December 31, 2017 Total convertible notes payable 20,000 214,764 Less discounts - (42,534 ) Convertible notes, net of discount $ 20,000 $ 172,230 |
Schedule of Derivative Liabilities | The following table presents details of the changes in the Company’s derivative liabilities associated with its convertible notes for the year ended December 31, 2018: Amount Balance December 31, 2017 $ 319,041 Adjustment to derivative liability due to debt conversion (199,671 ) Change in fair market value of derivative liabilities (119,370 ) Balance December 31, 2018 $ - |
Investment in Aspire Consulti_2
Investment in Aspire Consulting Group, LLC (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Investments Schedule [Abstract] | |
Schedule of Investment | The following table presents details of the Company’s investment is Aspire as of December 31, 2017 and 2016: Amount Balance December 31, 2016 $ 454,062 Loss from equity method investee (1,726 ) Balance December 31, 2017 $ 452,336 Loss from equity method (1,653 ) Balance December 31, 2018 $ 450,683 |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Income Tax Disclosure [Abstract] | |
Schedule of Deferred Tax Assets | 2018 2017 Deferred tax asset attributable to: Net operating loss carryover $ 2,579,027 $ 2,583,438 Valuation allowance (2,579,027 ) (2,583,438 ) Net deferred tax asset $ - $ - |
Basis of Presentation and Goi_2
Basis of Presentation and Going Concern (Details Narrative) - USD ($) | Jul. 09, 2018 | Nov. 16, 2013 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Percentage of issued and outstanding shares | 49.00% | ||||
Reverse stock split | 1 - 1,000 Reverse Split | ||||
Accumulated deficit | $ (15,129,237) | $ (15,150,240) | |||
Share Exchange Agreement [Member] | |||||
Number of common stock shares issued during the period | 65,640,207 | ||||
Percentage of issued and outstanding shares | 100.00% |
Summary of Significant Accoun_4
Summary of Significant Accounting Policies (Details Narrative) - USD ($) | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Sep. 30, 2018 | |
Allowance for doubtful accounts | $ 0 | $ 0 | |
Bad debt expense | 0 | 0 | |
Capitalized software development costs | 45,229 | ||
Property and equipment excess capitalized cost | 1,000 | ||
Value of assets acquired | 1,000 | ||
Advertising expenses | $ 13,873 | $ 26,389 | |
Minimum [Member] | |||
Estimated useful life | 3 years | ||
Maximum [Member] | |||
Estimated useful life | 7 years | ||
Software Development [Member] | |||
Capitalized software development costs | $ 85,092 |
Summary of Significant Accoun_5
Summary of Significant Accounting Policies - Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) | Dec. 31, 2017USD ($) |
Derivative Financial Instruments | $ 319,041 |
Level 1 [Member] | |
Derivative Financial Instruments | |
Level 2 [Member] | |
Derivative Financial Instruments | |
Level 3 [Member] | |
Derivative Financial Instruments | $ 319,041 |
Related Party Transactions (Det
Related Party Transactions (Details Narrative) - USD ($) | Dec. 31, 2018 | Dec. 31, 2017 |
Related Party Transactions [Abstract] | ||
Loans payable - related party | $ 11,750 | $ 11,750 |
Convertible Note Payable (Detai
Convertible Note Payable (Details Narrative) | Oct. 12, 2018USD ($)dshares | Sep. 30, 2018USD ($) | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) |
Short-term Debt [Line Items] | ||||
Gain on settlement of notes payable | $ 255,339 | $ 37,561 | ||
Convertible notes payable | $ 20,000 | $ 214,764 | ||
Settlement Agreement [Member] | ||||
Short-term Debt [Line Items] | ||||
Notes payable | $ 96,721 | |||
Gain on settlement of notes payable | 96,721 | |||
Settlement of convertible note | 172,230 | |||
Convertible notes payable | $ 32,500 | |||
Settlement Agreement [Member] | Lester Einhaus [Member] | Maximum [Member] | ||||
Short-term Debt [Line Items] | ||||
Percentage of issued and outstanding shares | 4.99% | |||
Settlement Agreement [Member] | Lester Einhaus [Member] | ||||
Short-term Debt [Line Items] | ||||
Convertible notes payable | $ 25,000 | |||
Number of common stock shares issued | shares | 475,000 | |||
Settlement Agreement [Member] | Lester Einhaus [Member] | Tranche One [Member] | ||||
Short-term Debt [Line Items] | ||||
Number of common stock shares issued | shares | 198,000 | |||
Daily leak out shares | shares | 10,000 | |||
Trading volume percentage | 15.00% | |||
Debt instrument, trading days | d | 10 |
Convertible Note Payable - Sche
Convertible Note Payable - Schedule of Convertible Notes Payable (Details) - USD ($) | Dec. 31, 2018 | Dec. 31, 2017 |
Debt Disclosure [Abstract] | ||
Total convertible notes payable | $ 20,000 | $ 214,764 |
Less discounts | (42,534) | |
Convertible notes net of discount | $ 20,000 | $ 172,230 |
Convertible Note Payable - Sc_2
Convertible Note Payable - Schedule of Derivative Liabilities (Details) | 12 Months Ended |
Dec. 31, 2018USD ($) | |
Debt Disclosure [Abstract] | |
Balance, beginning | $ 319,041 |
Adjustment to derivative liability due to debt conversion | (199,671) |
Change in fair market value of derivative liabilities | (119,370) |
Balance, ending |
Investment in Aspire Consulti_3
Investment in Aspire Consulting Group, LLC (Details Narrative) - USD ($) | Jan. 05, 2016 | Dec. 31, 2016 | Nov. 16, 2013 |
Equity interest percentage | 49.00% | ||
Share Exchange Agreement [Member] | |||
Equity interest percentage | 100.00% | ||
Share Exchange Agreement [Member] | Aspire Consulting Group LLC [Member] | |||
Equity interest percentage | 49.00% | ||
Share Exchange Agreement [Member] | Aspire Consulting Group LLC [Member] | Series B Convertible Preferred Stock [Member] | |||
Number of convertible preferred stock shares newly issued | 66,667 | ||
Number of convertible preferred stock newly issued | $ 460,002 |
Investment in Aspire Consulti_4
Investment in Aspire Consulting Group, LLC - Schedule of Investment (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Investments Schedule [Abstract] | ||
Balance at begining | $ 452,336 | $ 454,062 |
Income/Loss from equity method investee | (1,653) | (1,726) |
Balance at end | $ 450,683 | $ 452,336 |
Investment in Aspire Consulti_5
Investment in Aspire Consulting Group, LLC - Schedule of Investment (Details) (Parenthetical) | Dec. 31, 2016 |
Investments Schedule [Abstract] | |
Equity method investment, ownership percentage | 49.00% |
Commitments and Contingencies (
Commitments and Contingencies (Details Narrative) - USD ($) | Oct. 12, 2018 | Dec. 31, 2018 | Dec. 31, 2017 |
Description on lease | The amended lease commenced January 1, 2015 and expires on thirty days' notice. | ||
Lease expense | $ 1,838 | ||
Rent expense | 20,294 | $ 22,908 | |
Proceeds from convertible promissory note | $ 204,818 | ||
Settlement Agreement and Release [Member] | |||
Proceeds from convertible promissory note | $ 25,000 | ||
Executive Employment Agreement [Member] | December 17, 2013 and Ending May 1, 2019 [Member] | |||
Base salary | $ 132,000 |
Income Taxes (Details Narrative
Income Taxes (Details Narrative) - USD ($) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Income Tax Disclosure [Abstract] | ||
Operating loss carry-forward from continuing operations | $ 12,281,083 | |
Operating loss carryforwards expirations date | Expire beginning in the year 2030 | |
Percentage on effective income tax rate | 21.00% | 21.00% |
Income Taxes - Schedule of Defe
Income Taxes - Schedule of Deferred Tax Assets (Details) - USD ($) | Dec. 31, 2017 | Dec. 31, 2016 |
Income Tax Disclosure [Abstract] | ||
Net operating loss carryover | $ 2,579,027 | $ 2,583,438 |
Valuation allowance | (2,579,027) | (2,583,438) |
Net deferred tax asset |
Stockholders' Equity (Details N
Stockholders' Equity (Details Narrative) - USD ($) | Jul. 09, 2018 | May 09, 2017 | Feb. 16, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Jan. 05, 2016 |
Common stock, shares authorized | 100,000,000 | 100,000,000 | |||||
Common stock, par value | $ 0.0001 | $ 0.0001 | |||||
Preferred stock, shares authorized | 5,933,333 | 5,933,333 | |||||
Preferred stock, par value | $ 0.0001 | $ 0.0001 | |||||
Number of common stock shares issued in partial conversion of convertible notes payable, value | $ 127,230 | $ 922,018 | |||||
Settlement of derivative liability | $ 319,041 | 1,271,691 | |||||
Number of common stock shares issued for services, value | $ 6,115,100 | ||||||
Reverse stock split | 1 - 1,000 Reverse Split | ||||||
Percentage of issued and outstanding shares | 49.00% | ||||||
Subscription Agreement [Member] | |||||||
Percentage of issued and outstanding shares | 9.98% | ||||||
Common shares outstanding, value | $ 150,000 | ||||||
Settlement of Debt [Member] | |||||||
Number of common share issued for settlement, shares | 299,397 | ||||||
Number of common share issued for settlement | $ 109,571 | ||||||
Partial Settlement [Member] | |||||||
Number of common stock shares issued in partial conversion of convertible notes payable | 1,380,933 | 1,608,877 | |||||
Number of common stock shares issued in partial conversion of convertible notes payable, value | $ 354,010 | $ 765,217 | |||||
Settlement of derivative liability | $ 866,361 | $ 1,271,691 | |||||
Wais Asefi [Member] | |||||||
Number of common stock shares issued for services, shares | 2,000,000 | ||||||
Board of Directors [Member] | |||||||
Reverse stock split | one to one thousand (1:1000) reverse stock split | ||||||
Preferred Stock [Member] | |||||||
Preferred stock, shares authorized | 10,000,000 | ||||||
Preferred stock, par value | $ 0.0001 | ||||||
Preferred Stock - Series A [Member] | |||||||
Preferred stock, shares authorized | 4,000,000 | ||||||
Preferred stock voting rights | Holders of Series A Preferred Stock are entitled to vote together with the holders of our common stock on all matters submitted to shareholders at a rate of three hundred (300) votes for each share held. | ||||||
Convertible preferred stock converted shares | 300 | ||||||
Preferred Stock - Series B Member] | |||||||
Preferred stock, shares authorized | 66,667 | 66,667 | 66,667 | ||||
Preferred stock, par value | $ 0.0001 | $ 0.0001 | $ 0.0001 | ||||
Preferred Stock - Series C [Member] | |||||||
Preferred stock, shares authorized | 2,000,000 | 2,000,000 | 2,000,000 | ||||
Preferred stock, par value | $ 0.0001 | $ 0.0001 | $ 0.0001 | ||||
Preferred stock voting rights | Holders of Series C Convertible Preferred Stock are entitled to vote together with the holders of our common stock on all matters submitted to shareholders at a rate of 875 votes for each share held. | ||||||
Convertible preferred stock converted shares | 875 | ||||||
Preferred Stock - Series C [Member] | Officer [Member] | |||||||
Preferred stock, shares designated | 2,000,000 | ||||||
Common Stock [Member] | |||||||
Common stock, shares authorized | 4,000,000,000 | ||||||
Common stock, par value | $ 0.0001 | ||||||
Number of common stock shares issued for services, shares | 2,077,500 | ||||||
Number of common stock shares issued for services, value | $ 208 | ||||||
Common Stock One [Member] | |||||||
Number of common stock shares issued for services, shares | 77,500 | ||||||
Number of common stock shares issued for services, value | $ 115,100 |
Subsequent Events (Details Narr
Subsequent Events (Details Narrative) - shares | Mar. 29, 2019 | Mar. 19, 2019 |
Subsequent Event [Member] | 2019 Stock Equity Plan [Member] | ||
Number of common stock shares issued | 6,500,000 | 10,000,000 |