Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2016 | Nov. 16, 2016 | |
Document and Entity Information [Abstract] | ||
Entity Registrant Name | ABCO Energy, Inc. | |
Document Type | POS AM | |
Current Fiscal Year End Date | --12-31 | |
Entity Common Stock, Shares Outstanding | 217,866,385 | |
Amendment Flag | false | |
Entity Central Index Key | 1,300,938 | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Filer Category | Smaller Reporting Company | |
Entity Well-known Seasoned Issuer | No | |
Document Period End Date | Sep. 30, 2016 | |
Document Fiscal Year Focus | 2,016 | |
Document Fiscal Period Focus | Q3 |
CONSOLIDATED BALANCE SHEETS
CONSOLIDATED BALANCE SHEETS - USD ($) | Sep. 30, 2016 | Dec. 31, 2015 | Dec. 31, 2014 |
Cash | $ 16,484 | $ 40,035 | $ 25,104 |
Accounts receivable on completed projects | 40,091 | 39,100 | 164,706 |
Costs and estimated earnings in excess of billings on contracts in progress | 137,109 | 252,339 | 0 |
Accounts receivable on construction work in process | 137,109 | 252,339 | 0 |
Inventory | 46,327 | 51,255 | 49,245 |
Total Current Assets | 240,011 | 382,729 | 239,055 |
Fixed Assets | |||
Vehicles, office furniture & equipment – net of accumulated depreciation | 32,625 | 42,511 | 57,800 |
Investment in long term leases | 12,204 | 12,689 | 13,293 |
Security deposits | 3,100 | 4,945 | 7,235 |
Total Other Assets | 15,304 | 17,634 | 20,528 |
Total Assets | 287,940 | 442,874 | 317,383 |
LIABILITIES AND STOCKHOLDERS’ DEFICIT | |||
Accounts payable and accrued expenses | 428,545 | 410,623 | 352,653 |
Current portion of long term debt | 0 | 4,048 | 38,308 |
Equipment loan - current portion | 5,683 | 111,778 | |
Derivative liability on convertible debt | 332,517 | 0 | 0 |
Convertible notes payable net of discount | 102,476 | 0 | 0 |
Billing in excess of cost and estimated earnings on projects in process | 225,987 | 0 | 0 |
Merchant loans | 160,754 | 111,778 | |
Notes payable – other | 111,778 | 40,552 | |
Notes payable – related parties | 140,082 | 69,944 | 60,000 |
Total Current Liabilities | 1,396,044 | 596,393 | 491,513 |
Current liabilities | |||
Long term debt, net of current portion | 0 | 5,292 | 16,521 |
Long term portion of equipment financing | 0 | 0 | 0 |
Long-term derivative liabilities | 43,358 | 0 | 0 |
Convertible notes payable net of discount | 6,649 | 0 | 0 |
Long Term Debt- net of current portion | 50,007 | 0 | 0 |
Total Liabilities | 1,446,051 | 601,685 | 508,034 |
Stockholders’ Deficit | |||
Common stock, 500,000,000 shares authorized, $0.001 par value | 41,066 | 30,621 | 23,695 |
Additional paid-in capital | 1,926,640 | 1,827,411 | 1,587,674 |
Accumulated deficit | (3,125,817) | (2,016,843) | (1,802,020) |
Total Stockholders’ Deficit | (1,158,111) | (158,811) | (190,651) |
Total Liabilities and Stockholders’ Deficit | $ 287,940 | $ 442,874 | $ 317,383 |
CONSOLIDATED BALANCE SHEETS (Pa
CONSOLIDATED BALANCE SHEETS (Parentheticals) - $ / shares | Sep. 30, 2016 | Dec. 31, 2015 | Dec. 31, 2014 |
Common stock, shares authorized | 500,000,000 | 50,000,000 | 50,000,000 |
Common stock, par value (in Dollars per share) | $ 0.001 | $ 0.001 | $ 0.001 |
Common stock, shares outstanding | 4,106,589 | 3,062,106 | 2,369,568 |
CONSOLIDATED STATEMENTS OF OPER
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | Dec. 31, 2015 | Dec. 31, 2014 | |
Revenues | $ 146,547 | $ 610,317 | $ 512,075 | $ 1,231,100 | $ 1,889,435 | $ 1,315,660 |
Cost of Sales | 119,062 | 119,783 | 619,551 | 555,414 | 1,311,084 | 1,081,347 |
Gross Profit | 27,485 | 490,534 | (107,476) | 675,686 | 578,351 | 234,313 |
Operating Expenses: | ||||||
Selling, General & Administrative | 188,860 | 190,674 | 562,206 | 516,521 | 733,038 | 837,862 |
Income (Loss) from operations | (161,375) | 299,860 | (669,682) | 159,165 | (154,687) | (603,549) |
Other expenses | ||||||
Interest on notes payable | (38,393) | (14,855) | (93,252) | (44,562) | 60,136 | 33,638 |
Amortization of debt discount | (65,741) | 0 | (118,314) | 0 | 0 | 0 |
Derivative valuation interest expense | 278,910 | 0 | (227,726) | 0 | 0 | 0 |
Loss before provision for income taxes | (214,823) | (637,187) | ||||
Provision for income tax | 0 | 0 | 0 | 0 | 0 | 0 |
Net (loss) earnings | $ 13,401 | $ 285,005 | $ (1,108,974) | $ 114,603 | $ (214,823) | $ (637,187) |
Net (loss) earnings Per Share (Basic and Fully Diluted) (in Dollars per share) | $ 0.01 | $ 0.10 | $ (0.01) | $ 0.04 | $ (0.01) | $ (0.03) |
Weighted average number of common shares used in the calculation (in Shares) | 3,707,274 | 2,697,004 | 3,584,348 | 2,631,911 | 2,734,867 | 2,026,705 |
CONSOLIDATED STATEMENT OF STOCK
CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT) - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Balance at Dec. 31, 2013 | $ 17,768 | $ 1,244,520 | $ (1,164,833) | $ 97,455 |
Balance (in Shares) at Dec. 31, 2013 | 1,776,858 | |||
Common shares issued under private placement offering net of expenses | $ 5,927 | 371,154 | 377,081 | |
Common shares issued under private placement offering net of expenses (in Shares) | 592,710 | |||
Legal & administrative expense- public offering | (28,000) | (28,000) | ||
Net (loss) for the period | (637,187) | (637,187) | ||
Balance at Dec. 31, 2014 | $ 23,695 | 1,587,674 | (1,802,020) | (190,651) |
Balance (in Shares) at Dec. 31, 2014 | 2,369,568 | |||
Common shares issued under private placement offering net of expenses | $ 6,926 | 298,353 | 305,279 | |
Common shares issued under private placement offering net of expenses (in Shares) | 692,538 | |||
Legal & administrative expense- public offering | (58,616) | (58,616) | ||
Net (loss) for the period | (214,823) | (214,823) | ||
Balance at Dec. 31, 2015 | $ 30,621 | $ 1,827,411 | $ (2,016,843) | (158,811) |
Balance (in Shares) at Dec. 31, 2015 | 3,062,106 | |||
Net (loss) for the period | (1,108,974) | |||
Balance at Sep. 30, 2016 | $ (1,158,111) |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2016 | Sep. 30, 2015 | Dec. 31, 2015 | Dec. 31, 2014 | |
Cash Flows From Operating Activities: | ||||
Net loss for the period | $ (1,108,974) | $ 114,603 | $ (214,823) | $ (637,187) |
Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||||
Depreciation expense | 9,886 | 12,773 | 16,148 | 13,538 |
Changes in operating assets and liabilities: | ||||
Accounts receivable | 991 | 123,461 | 124,606 | (83,288) |
Costs and estimated earnings in excess of billings on contracts in progress | 225,987 | 0 | (251,339) | 0 |
Inventory | (4,928) | (4,685) | (2,010) | (10,870) |
Other current assets | 0 | (8,456) | ||
Accounts payable and accrued expenses | 17,922 | (135,852) | 57,970 | 236,053 |
Accrual of interest expense on derivative valuation | 375,875 | 0 | 0 | 0 |
Increase (decrease) in accounts receivable on completed projects | (991) | (123,461) | (124,606) | 83,288 |
Decrease in accounts receivable on in-completed projects | 115,230 | 0 | 0 | 0 |
Change in inventory | 4,928 | 4,685 | 2,010 | 10,870 |
Proceeds from billings in excess of costs on projects | 225,987 | 0 | (251,339) | 0 |
Increase (decrease) in accounts payable & accrued expenses | 17,922 | (135,852) | 57,970 | 236,053 |
Changes in operating assets and liabilities: | ||||
Net cash used in operating activities | (360,137) | (127,252) | (269,448) | (490,210) |
Cash Flows From Investing Activities: | ||||
Purchase of vehicles, furniture & equipment | 0 | (859) | (859) | (27,679) |
Acquisition of equipment | 0 | (859) | (859) | (27,679) |
Principal payments from long term leases | 485 | 448 | ||
Product and lease deposits | 1,845 | 900 | 2,894 | (2,045) |
Net cash provided by (used for) investing activities | 2,330 | 489 | 2,035 | (29,724) |
Cash Flows From Financing Activities: | ||||
Notes payable – other | 48,976 | (23,660) | 71,226 | 40,552 |
Proceeds from long term debt | 0 | 0 | 0 | 54,829 |
Payments on long term debt | 0 | 0 | (45,489) | 8,419 |
Proceeds of related party notes payable | 70,138 | 8,000 | 9,944 | 0 |
Loans from director and other related parties | 70,138 | 8,000 | 9,944 | 0 |
Loans from financial institution - net of payments on principal | 48,976 | (23,660) | 71,226 | 40,552 |
Proceeds from convertible notes derivative valuation | 109,125 | 0 | 0 | 0 |
Proceeds from common stock issuances – net of expenses | 106,017 | 195,443 | 246,663 | 349,081 |
Net cash provided by financing activities | 334,256 | 179,783 | 282,344 | 452,881 |
Net increase (decrease) in cash | (23,551) | 53,020 | 14,931 | (67,053) |
Cash, beginning of period | 40,035 | 25,104 | 25,104 | 92,157 |
Cash, end of period | 16,484 | 78,124 | 40,035 | 25,104 |
Cash paid for interest | 93,252 | 44,562 | 60,136 | 33,638 |
Consulting fees paid with common stock – at market value | $ 15,000 | $ 232,500 | $ 0 | $ 0 |
Overview and Description of the
Overview and Description of the Company | 12 Months Ended |
Dec. 31, 2015 | |
Disclosure Text Block [Abstract] | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | Note 1 Overview and Description of the Company ABCO Energy, Inc. was organized on July 29, 2004 and operated until July 1, 2011 as Energy Conservation Technologies, Inc. (ENYC). On July 1, 2011 ENYC entered into a share exchange agreement (SEA) with ABCO Energy and acquired all of the assets of ABCO. ENYC changed its name to ABCO Energy, Inc. on October 31, 2011. As a result of the SEA, the outstanding shares of ENYC as of June 30, 2011 were restated in a one for twenty three (1 for 23) reverse division prior to the exchange to approximately 9% of the post-exchange outstanding common shares. The Company now has 50,000,000 common shares authorized and no preferred shares are currently authorized or issued as of the date of this report. The Company is in the Photo Voltaic (PV) solar systems industry and is an electrical product and services supplier. The Company plans to build out a network of operations in major cities in the USA in order to establish a national base of PV suppliers, lighting suppliers and electrical service operations centers. This combination of services, solar and electric, provides the company with a solid base in the standard electrical services business and a solid base in the growth markets of solar systems industry. OVERVIEW As of December 31, 2015, we operated in 3 locations in Arizona. The Company plan is to expand to more locations in North America in the next year as funding becomes available. We believe that the solar and energy efficiency business functions better if the employees are local individuals working and selling in their own community. Our customers have indicated a preference for dealing with local firms and we will continue our focus on company-owned integrated product and services offices. Once a local firm is established, growth tends to come from experience, quality and name recognition. We remain committed to high quality operations. DESCRIPTION OF PRODUCTS ABCO sells and installs Solar Photovoltaic electric systems that allow the customer to produce their own power on their residence or business property. These products, installed by our crews, are purchased from both USA and offshore manufacturers. We have available and utilize many suppliers of US manufactured solar products from such companies as Sunpower, UpSolar, Mage, Siliken Solar, Westinghouse Solar, Schuco and various Chinese suppliers. In addition, we purchase from a number of local and regional distributors whose products are readily available and selected for markets and price. ABCO offers solar leasing and long term financing programs from UP solar, Sunpower, Suncap and AEFC that are offered to ABCO customers and other marketing and installation organizations. ABCO also sells and installs energy efficient lighting products, solar powered street lights and lighting accessories. ABCO contracts directly with manufacturers to purchase its lighting products which are sold to residential and commercial customers. ABCO has Arizona statewide approval as a registered electrical services and solar products installer. Our license is ROC 258378 electrical and we are fully licensed to offer commercial and residential electrical services and solar. The ABCO subsidiary, Alternative Energy Finance Corporation, (AEFC) a Wyoming Company provides funding for leases of photovoltaic systems. AEFC financed its owned leases from its own cash and now arranges financing with funds provided by other lessors. AEFC has not completed any new leases since 2011, but intends to do so as cash becomes available. |
Summary of significant accounti
Summary of significant accounting policies | 9 Months Ended | 12 Months Ended |
Sep. 30, 2016 | Dec. 31, 2015 | |
Accounting Policies [Abstract] | ||
Significant Accounting Policies [Text Block] | Note 2 Summary of Significant Accounting Policies Fair Value of Financial Instruments The Company measures assets and liabilities at fair value based on expected exit price as defined by the authoritative guidance on fair value measurements, which represents the amount that would be received on the sale date of an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value may be based on assumptions that market participants would use in pricing an asset or liability. The authoritative guidance on fair value measurements establishes a consistent framework for measuring fair value on either a recurring or nonrecurring basis whereby inputs, used in valuation techniques, are assigned a hierarchical level. The following are the hierarchical levels of inputs to measure fair value: Level 1: Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2: Inputs reflect quoted prices for identical assets or liabilities in markets that are not active; quoted prices for similar assets or liabilities in active markets; inputs other than quoted prices that are observable for the assets or liabilities; or inputs that are derived principally from or corroborated by observable market data by correlation or other means. Level 3: Unobservable inputs reflecting the Company’s assumptions incorporated in valuation techniques used to determine fair value. These assumptions are required to be consistent with market participant assumptions that are reasonably available. The carrying amounts of the Company’s financial assets and liabilities, such as cash, accounts payable and accrued expenses, approximate their fair values because of the current nature of these instruments. Debt approximates fair value based on interest rates available for similar financial arrangements. Derivative liabilities which have been bifurcated from host convertible debt agreements are presented at fair value. Derivative Financial Instruments Fair value accounting requires bifurcation of embedded derivative instruments such as convertible features in convertible debts or equity instruments, and measurement of their fair value for accounting purposes. In determining the appropriate fair value, the Company uses the binomial option-pricing model. In assessing the convertible debt instruments, management determines if the convertible debt host instrument is conventional convertible debt and further if these is a beneficial conversion feature requiring measurement. If the instrument is not considered conventional convertible debt, the Company will continue its evaluation process of these instruments as derivative financial instruments. Once determined, derivative liabilities are adjusted to reflect fair value at each reporting period end, with any increase or decrease in the fair value being recorded in results of operations as an adjustment to fair value of derivatives. In addition, the fair value of freestanding derivative instruments, such as warrants, are also valued using the binomial option-pricing model. | Note 2 Summary of significant accounting policies Critical Accounting Policies and Use of Estimates These financial statements consist of the consolidated financial positions and results of operations of both the parent, ABCO Energy, Inc. and the subsidiary companies. In the opinion of Management, all adjustments necessary for a fair statement of results for the fiscal years presented have been included. These financial statements have been prepared in accordance with generally accepted accounting principles (GAAP) generally accepted in the United States of America. GAAP requires the Company to make estimates and judgments that affect the reported amounts of assets. On an on-going basis, the Company evaluates its estimates and judgments, including those related to revenue recognition, inventories, adequacy of allowances for doubtful accounts, valuation of long-lived assets, income taxes, equity-based compensation, litigation and warranties. The Company bases its estimates on historical and anticipated results and trends and on various other assumptions that the Company believes are reasonable under the circumstances, including assumptions as to future events. The policies discussed below are considered by management to be critical to an understanding of the Company’s financial statements. These estimates form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent for other sources. By their nature, estimates are subject to an inherent degree of uncertainty. Actual results may differ from those estimates. Cash and Cash Equivalents There are only cash accounts included in our cash equivalents in these statements. For purposes of the statement of cash flows, the Company considers all short-term securities with a maturity of three months or less to be cash equivalents. There are no short term cash equivalents reported in these financial statements. Property and Equipment Property and equipment are to be stated at cost less accumulated depreciation. Depreciation is recorded on the straight-line basis according to IRS guidelines over the estimated useful lives of the assets, which range from three to ten years. Maintenance and repairs are charged to operations as incurred. Revenue Recognition The Company generates revenue from sales of solar products, LED lighting, installation services and leasing fees. During the last fiscal year the company had product sales as follows: Sales Product and Services Description 2015 2014 Solar PV residential and commercial sales $ 1,827,361 97 % $ 1,160,296 88 % Solar thermal residential -commercial 0 0 % 11,112 1 % ABCO LED & energy efficient lighting 59,964 3 % 143,783 11 % Interest Income 2,110 0 % 469 0 % Total revenue $ 1,889,435 100 % $ 1,315,660 100 % The Company recognizes product revenue, net of sales discounts, returns and allowances, in accordance Securities and Exchange Commission Staff Accounting Bulletin No. 104, “Revenue Recognition” (“SAB No. 104”) and ASC 605. These statements establish that revenue can be recognized when persuasive evidence of an arrangement exists, delivery has occurred and all significant contractual obligations have been satisfied, the fee is fixed or determinable, and collection is considered probable. Our revenue recognition is recorded on the percentage of completion method for sales and installation revenue and on the accrual basis for fees and interest income. We recognize and record income when the customer has a legal obligation to pay. All of our revenue streams are acknowledged by written contracts for any of the revenue we record. There are no differences between major classes of customers or customized orders. We record discounts, product returns, rebates and other related accounting issues in the normal business manner and experience very small number of adjustments to our written contractual sales. There are no post-delivery obligations because warranties are maintained by our suppliers. Our lease fees are earned by providing services to contractors for financing of solar systems. Normally we will acquire the promissory note (lease) on a leased system that will provide cash flow for up to 20 years. Interest is recorded on the books when earned on amortized leases. Accounts Receivable and work-in-progress The Company recognizes revenue upon delivery of product to customers and does not make bill-and-hold sales. Contracts spanning reporting periods are recorded on the percentage of completion method, based on the ratio of total costs to total estimated costs by project, for recognition of revenue and expenses. Accounts receivable includes fully completed and partially completed projects and partially billed statements for completed work and product delivery. Inventory The Company records inventory of construction supplies at cost using the first in first out method. Income Taxes The company has net operating loss carryforwards as of December 31, 2015 totaling approximately $1,950,745. A deferred tax benefit of approximately $663,000 has been offset by a valuation allowance of the same amount as its realization is not assured. Due to the current uncertainty of realizing the benefits of the tax NOL carry-forward, a valuation allowance equal to the tax benefits for the deferred taxes has not been established. The full realization of the tax benefit associated with the carry-forward depends predominately upon the Company's ability to generate taxable income during future periods, which is not assured. The NOL carryforward expires according to the following schedule: Year Ending December 31: Amount 2035 $ 214,823 2034 $ 635,517 2033 $ 622,474 2032 $ 164,119 2031 $ 182,908 2030 $ 130,897 Fair Values of Financial Instruments ASC 825 requires the Corporation to disclose estimated fair value for its financial instruments. Fair value estimates, methods, and assumptions are set forth as follows for the Corporation’s financial instruments. The carrying amounts of cash, receivables, other current assets, payables, accrued expenses and notes payable are reported at cost but approximate fair value because of the short maturity of those instruments. Stock-Based Compensation The Company accounts for employee and non-employee stock awards under ASC 718, whereby equity instruments issued to employees for services are recorded based on the fair value of the instrument issued and those issued to non-employees are recorded based on the fair value of the consideration received or the fair value of the equity instrument, whichever is more reliably measurable. Effects of Recently Issued Accounting Pronouncements The Company has reviewed all recently issued accounting pronouncements noting that they do not affect the financial statements. Per Share Computations Basic net earnings per share are computed using the weighted-average number of common shares outstanding. Diluted earnings per share is computed by dividing net income by the weighted-average number of common shares and the dilutive potential common shares outstanding during the period. Reclassification Certain reclassifications have been made to conform to prior periods’ data to the current presentation. These reclassifications had no effect on reported income. |
Going Concern
Going Concern | 9 Months Ended | 12 Months Ended |
Sep. 30, 2016 | Dec. 31, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Substantial Doubt about Going Concern [Text Block] | Note 3 Going Concern The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the recoverability of assets and the satisfaction of liabilities in the normal course of business. Since its inception, the Company has been engaged substantially in financing activities and developing its business plan and marketing. As a result, the Company incurred accumulated net losses from inception through the period ended September 30, 2016 of $(3,125,817). In addition, the Company’s development activities since inception have been financially sustained through capital contributions from shareholders. The ability of the Company to continue as a going concern is dependent upon its ability to raise additional capital from the sale of common stock or through debt financing and, ultimately, the achievement of significant operating revenues. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty. | Note 3 Going Concern The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the recoverability of assets and the satisfaction of liabilities in the normal course of business. Since its inception, the Company has been engaged substantially in financing activities and developing its business plan and marketing. The Company incurred a net loss of $214,823, net cash flow used in operations of $269,448 and accumulated net losses from inception through the period ended December 31, 2015 of $2,016,843. In addition, the Company's development activities since inception have been financially sustained through capital contributions from shareholders. The ability of the Company to continue as a going concern is dependent upon its ability to raise additional capital from the sale of common stock or through debt financing and, ultimately, the achievement of significant operating revenues. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty. |
Warranties of the Company
Warranties of the Company | 12 Months Ended |
Dec. 31, 2015 | |
Product Warranties Disclosures [Abstract] | |
Product Warranty Disclosure [Text Block] | Note 4 Warranties of the Company ABCO Energy provides a five and ten year workmanship warranties for installed systems that cover labor and installation matters only. All installed products are warranted by the manufacturer. In the last four years of operations, all claims on workmanship have been handled expeditiously and inexpensively by the company. Management does not consider the warranty as a significant or material risk. |
Accounts Receivable and Work in
Accounts Receivable and Work in Process | 12 Months Ended |
Dec. 31, 2015 | |
Accounts Receivable And Work In Process [Abstract] | |
Accounts Receivable And Work In Process [Text Block] | Note 5 Accounts Receivable and Work in Process Accounts receivable as of December 31, 2015 and 2014, consists of the following: Description 2015 2014 Completed contracts $ 39,100 $ 164,706 Contracts in progress - - Total $ 39,100 $ 164,706 Work in process consists of costs recorded and revenue earned on projects recognized on the percentage of completion method for work performed on contracts in progress at December 31, 2015 and 2014. The company records contracts for future payments based on contractual agreements entered into at the inception of construction contracts. Amounts are payable from customers based on milestones established in each contract. Amounts are billed in advance and unearned profits are netted against the billed amounts such that accounts receivable reflect current amounts due from customers on completed projects and amounts earned on projects in process are reflected in the balance sheet as costs and estimated earnings in excess of billings on contracts in progress. Work in progress as of December 31, 2015 and 2014 consists of the following: Description 2015 2014 Costs incurred on uncompleted contracts $ 1,519,570 $ - Estimated earnings 290,037 - 1,809,607 - Less billings to date 1,557,268 - Total $ 252,339 $ - Reflected in the balance sheet as: Costs and estimated earnings in excess of billings on contracts in process $ 252,339 $ - Billings in excess of costs and estimated earnings on contracts in process - - Total $ 252,339 $ - |
Inventory
Inventory | 12 Months Ended |
Dec. 31, 2015 | |
Inventory Disclosure [Abstract] | |
Inventory Disclosure [Text Block] | Note 6 I nventory Inventory of construction supplies not yet charged to specific projects was $51,255 and $49,245 as of December 31, 2015 and 2014, respectively. |
Security deposits and Long Term
Security deposits and Long Term Commitments | 12 Months Ended |
Dec. 31, 2015 | |
Contractors [Abstract] | |
Long-term Contracts or Programs Disclosure [Text Block] | Note 7 Security deposits and Long Term Commitments The Company has paid security deposits on the three rented spaces it occupies for offices and warehouse which total $4,945 on December 31, 2015 and $7,235 on December 31, 2014. ABCO leases a 1,200 square foot office and warehouse in an industrial park in Phoenix Arizona for a monthly rental of $1,254 which expires on February 28, 2016. The aggregate total rent due on this lease through expiration is $2,508. There is no lease on the Williams, Arizona property because this office is located in the office of a Director and no lease has been established. On May 1, 2014 the Company rented office and warehouse space at 2100 N. Wilmot #211, Tucson, Arizona 85712. This facility consists of 2,400 square feet and the two year lease with monthly rent of $1,894 and it is expiring on April 30, 2016. ABCO has a forward commitment of $7,576. |
Alternative Energy Finance Corp
Alternative Energy Finance Corporation (AEFC) | 12 Months Ended |
Dec. 31, 2015 | |
Receivables [Abstract] | |
Financing Receivables [Text Block] | Note 8 Alternative Energy Finance Corporation (AEFC) AEFC is a wholly owned subsidiary of ABCO Energy. AEFC provides funding for leases of photovoltaic systems. AEFC finances its leases from cash payments from its own cash or from single payments or long term leases from lessees. Long term leases recorded on the consolidated financial statements were $12,689 and $13,293 at December 31, 2015 and December 31, 2014 respectively. During October, 2014 one of the AEFC leases defaulted and AEFC repossessed the solar system with a balance due totaling $7,577 in unpaid lease principal. AEFC sold the full system after removal and installation for $12,000 during the last quarter of 2014. |
Property and equipment
Property and equipment | 12 Months Ended |
Dec. 31, 2015 | |
Property, Plant and Equipment [Abstract] | |
Property, Plant and Equipment Disclosure [Text Block] | Note 9 Property and equipment The Company has acquired all of its office and field work equipment with cash payments and financial institution loans. During the year ended December 31, 2015 the company acquired lease hold improvements, office equipment, boom truck, trailer and auto for the sum of $859 and 27,679 in 2014. The total fixed assets consist of vehicles, office furniture, tools and various equipment items and the totals are as follows: Asset December 31, 2015 December 31, 2014 Equipment $ 100,846 $ 99,987 Accumulated depreciation 58,335 42,187 Net Fixed Assets $ 42,511 $ 57,800 Depreciation expenses for the years ended December 31, 2015 and 2014 was $16,148 and $13,538 respectively. |
Notes Payable Officers and Rela
Notes Payable Officers and Related Party Transactions | 9 Months Ended | 12 Months Ended |
Sep. 30, 2016 | Dec. 31, 2015 | |
Debt Disclosure [Abstract] | ||
Debt Disclosure [Text Block] | Note 7 – Convertible Debt Description September 30, 2016 December 31, 2015 Six convertible promissory notes, in amount ranging from$27,777 to $55,000, maturing within from one year to two years, bearing interest ranging from 5% to 12% per annum, convertible into common stock at conversion prices ranging from 35% to 60% of the lowest price in the prior 20 to 25 trading days. The Company expects all debt will be converted to common shares. $ 234,777 $ - Less: debt discount (234,777 ) - Less: conversions (9,189 ) - Add: amortization of debt discount 118,314 - Balance of convertible debt, net 109,125 - Less: current portion 102,476 - Long-term convertible debt, net $ 6,649 $ - Debt Discount During the nine months ended September 30, 2016, the Company recorded debt discounts totaling $234,777 and amortized debt discount of $118,314 resulting in the following net discount at September 30, 2016: September 30, 2016 December 31, 2015 Debt discount $ 234,777 $ - Accumulated amortization of debt discount (118,314 ) - Debt discount - net $ 116,463 $ - On March 23, 2016, the Company issued a two year $250,000 convertible promissory note to JMJ Financial, a Nevada sole proprietorship which bears interest at the rate of 12% per annum on the principal sum of the outstanding (“JMJ Note”). The Company drew down $25,000 on March 23, 2016. The $25,000 JMJ Note was converted into an aggregate of 12,688,015 presplit shares of common stock through several conversions in October, 2016 and was considered paid in full on November 2, 2016. On March 25, 2016, the Company received net proceeds of $35,000 after expenses, for a one (1) year $40,000 face amount of 8% Convertible Note in favor of EMA Financial, LLC (“EMA Note”). The EMA Note was converted into an aggregate of 43,444,952 presplit shares of common stock through several conversions in October and November, 2016 and was considered paid in full on November 3, 2016. On April 1, 2016, the Company issued a one year $55,000 convertible promissory note to Essex Global Investment Corp. (“Essex”) which bears interest at the rate of 10% per annum on the principal sum of the outstanding (“Essex Note”). The Essex Note was converted into an aggregate of 25,648,486 presplit shares of common stock through several conversions in October and November, 2016 and was considered paid in full as of November 4, 2016. On April 5, 2016, the Company received net proceeds of $33,300 after expenses, from a one (1) year $42,000 face amount of 5% Convertible Note in favor of Crown Bridge Partners, LLC (“CBP Note”). The CBP Note was converted into an aggregate of 64,169,000 presplit shares of common stock through several conversions in October and November, 2016 and was considered paid in full as of November 16, 2016. On May 4, 2016, the Company received net proceeds of $33,750 after expenses, from a nine [9] month $40,000 face amount of 10% Convertible Note in favor of Auctus Fund, LLC (“AFL Note”). The AFL Note was partially converted into an aggregate of 15,042,000 presplit shares of common stock through several conversions in October and November, 2016 with a principal balance of $23,989.00 remaining unpaid as of November 16, 2016. On May 9, 2016, the Company entered into an agreement with Adar Bays, LLC a Florida Limited Company (Adar), with respect to a private investment up to $60,000 of the convertible debt securities with a 9 month term. The $60,000 convertible debt is comprised of a $30,000 front-end note and one $30,000 back-end note. The principal and accrued interest under the notes will be convertible into shares of common stock of the Company. The Company does not intend to take down the back-end note. As of September 30, 2016, the Company had borrowed $30,000 against the front-end note and no additional funds were borrowed from Adar. The Adar note was partially converted into an aggregate of 4,242,424 presplit shares of common stock through several conversions in October and November, 2016 with a principal balance remaining of $23,000.00 as of November 16, 2016. In accordance with the Statement of Financial Accounting Standard ASC 820-10-35-37 Fair Value in Financial Instruments, Statement of Financial Accounting Standard ASC 815 Accounting for Derivative Instruments and Hedging Activities require that instruments with embedded derivative features be valued at their market values. The Company hired a valuation consultant to value the Convertible Debentures for the derivative portion of the instruments. The Binomial model was used to value the derivative liability for the nine months period ending September 30, | Note 10 Notes Payable Office rs and Related Party Transactions Officer loans are demand notes totaling $69,944 and $60,000, respectively, as of December 31, 2015 and December 31, 2014. These notes provide for interest at 12% per annum and are unsecured. Notes payable to the Directors resulted in interest charges of $7,979 and $7,222 for the periods ended December 31, 2015 and December 31, 2014, respectively. |
Long Term Debt
Long Term Debt | 9 Months Ended | 12 Months Ended |
Sep. 30, 2016 | Dec. 31, 2015 | |
Disclosure Text Block [Abstract] | ||
Long-term Debt [Text Block] | Note 6 Long term debt Long term debt as of September 30, 2016 and December 31, 2015 consisted of the following: Description September 30, 2016 December 31, 2015 Note payable to Ascentium Capital, secured by truck, bearing interest at 9% per annum, matures in September, 2017. (1) $ 5,682 $ 9,340 Less current portion of truck loan (5,682 ) (4,048 ) Total long term debt net of current portion $ 0 5,292 | Note 11 Long Term Debt During the year ended December 31, 2014 the company financed a truck acquisition with loans from Ascentium Capital, a Texas based financial entity. The following table describes the purpose and terms of the loans. Lender Date of Loan Original Loan Purpose Interest Rate Term Current Portion Long Term Portion Ascentium Capital 09/01/14 $ 14,975 Truck loan 9 % 36 Months $ 4,048 $ 5,292 This debt is collateralized by the truck title of the acquired vehicle. The loan is personally guaranteed by the officers of the Company. During the year ended December 31, 2015 and 2014, ABCO borrowed working capital loans from lenders as described in the following table: Lender Date of Loan Original Loan Purpose Interest Rate Term Current Portion Long Term Portion Orchard St. Funding 11-25-15 $ 50,000 Credit Line 20 % 6 Months $ 45,240 $ 0 Ascentium Capital 08-27-14 $ 50,000 Credit Line 24 % 18 Months 6,705 $ 0 Private lender Var 2015 $ 59,833 Credit Line 12 % Demand 59,833 $ 0 Total due at 12-31-15 $ 111,778 |
Stockholder's Equity and Defici
Stockholder's Equity and Deficit | 9 Months Ended | 12 Months Ended |
Sep. 30, 2016 | Dec. 31, 2015 | |
Stockholders' Equity Note [Abstract] | ||
Stockholders' Equity Note Disclosure [Text Block] | Note 10 Stockholder’s Equity Common Stock During the Nine Months period ended September 30, 2016, the Company issued 1,044,403 shares of common stock and received or credited gross proceeds of $474,700. The expenses of offering totaled $282,731. The net proceeds in the amount of $193,641 were used for working capital, corporate expenses, legal fees and public company expenses. Options The following table sets forth certain information regarding Option Awards as of September 30, 2016 for each executive officer of the Company who received such awards and all officers and directors as a group. None were outstanding as of the fiscal year ended December 31, 2015 (1) (2) Name Number of securities underlying unexercised option exercisable Option Exercise Price Option Expiration Date Charles O’Dowd 400,000 $ 0.01 January 1, 2021 All Officers and Directors as a Group 400,000 $ 0.01 January 1, 2021 (1) An aggregate of 620,000 stock awards are outstanding under the Equity Incentive Plan as of November 14, 2016. (2) An aggregate of 45,000 Share Option Awards have been issued to 3 employees and 2 consultants of the Company at an exercise price of $0.01 per share expiring on 1/21/21. Earnings (loss) per share calculation Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by dividing net loss by the weighted average number of shares of common stock and potentially outstanding shares of common stock during each period The computation of basic and diluted loss per share at September 30, 2016 excludes the common stock equivalents from convertible debt of the following potentially dilutive securities because their inclusion would be anti-dilutive: September 30, 2016 Convertible debt 1,676,294 | Note 12 Stockholder’s Equity and Deficit In March 1, 2013 the Company began a third European private placement offering of restricted common stock to non USA citizens only. The offering consisted of up to 1,000,000 shares of common stock offered at the price of $0.33 USD per share. As of December 31, 2014, the Company had sold 904,377 shares. During the fiscal year ended December 31, 2014 the Company sold 477,534 shares in this Regulation S offering to non-US investors. The total proceeds from the offering was $1,124,834, interest and other expenses totaled $52,568. Commission and expense reimbursements totaled $695,185. The Company recorded net proceeds totaling $377,081. There were no shares issued to pay interest in 2014, however cash payments on interest totaled $25,081. During the fiscal year ended December 31, 2015 the Company sold 468,538 shares under this Regulation S offering to non-US investors. The total proceeds from the offering was $890,969, commission and expense reimbursements totaled $585,690. The Company recorded net proceeds totaling $305,279. Stock subscriptions executed under this offering include a provision whereby ABCO agrees to pay a dividend (defined as interest) of from 6% to 12% of the total amount invested for a period of one year from receipt of the invested funds. This dividend (defined as interest) is allocated between the broker and the investor with amounts paid to the broker treated as a cost of the offering and netted against additional paid in capital and amounts paid to the investor treated as interest expense. Total amounts paid under this agreement and charged to additional paid-in capital for the years ended December 31, 2015 and 2014, amounted to $56,454 and $12,350, respectively. Total amounts paid under this agreement and charged to interest expense for the years ended December 31, 2015 and 2014, amounted to $13,242 and $2,987, respectively. ABCO has evaluated these agreements under AS 480-10: Certain Financial Instruments with Characteristics of Both Liabilities and Equity and determined that the capital contributions made under these subscription agreement more closely resemble equity than liabilities as they can only be settled through the issuance of shares and although they have a stated cost associated with them which accrues in the same manner as interest, the cost is only incurred in the first twelve months after placement as is more closely associated with a cost of raising funds than interest expense. Accrued but unpaid dividends (defined as interest) at December 31, 2015 and 2014 amounted to $45,151 and $42,722, respectively. This offering began on March 1, 2013 and consisted of up to 1,000,000 shares of common stock offered at the price of $0.33 USD per share. As of December 31, 2015, the Company had sold 945,621 shares. On September 15, 2015 the Company entered into a consulting contract with Adamas Fund, LLC (AFL) During November, 2015 the Company issued an aggregate of 77,500 shares to financial consulting entities for services relating to fund raising activities and to law firms for legal fees and expenses incurred for public share registrations and other business related activities. The total issuance was valued at $85,250 for fair market value as negotiated and that amount is charged to additional paid in capital. On November 30, 2015, the Company entered into a Consultant Agreement ["CA"] with TEN Associates LLC ("Consultant") which provides for Consultant to perform general corporate and business consulting services and other related activities as directed by the Company. In consideration for rendering such services, Consultant was to be paid a consulting fee consisting of any aggregate of 400,000 registered shares. The first 100,000 of such shares were issued to the Consultant on or about December 7, 2015. The Consultant immediately sold the shares to market contrary to the agreement between the parties. On January 15, 2016 this contract was cancelled for cause and demand was issued for the return of the shares. The remaining 300,000 of the shares were never issued and no shares have been recovered as of the date of this report. During December, 2015 the Company sold 10,000 shares of its S1 offering to a foreign individual and the Company received $20,000 gross proceeds. In March 18, 2014 a Company founder cancelled the original issue 600,000 shares to satisfy a requirement for FINRA approval of the Company name change and roll back of ENYC shares. In September, 2014 the Company issued an aggregate of 110,000 shares to financial consulting entities for services relating to fund raising activities and to law firms for legal fees and expenses incurred for public share registrations and other business related activities. These shares were issued after the SEC order dated September 11, 2013 declaring effective the offering statement registered pursuant to Regulation A under section 3(b) of the Securities act of 1933, as amended. The shares were issued to legal consultants for assistance with the Form 10 and the 15c211 filing and for consultants who have assisted in the funding of the Company, as aforesaid. The total issuance was valued at $220,000 for fair market value as negotiated and that amount is charged to additional paid in capital. Additional shares sold plus the cancellation resulted in the total number of common shares outstanding to be 3,062,106 and 2,369,568 as of December 31, 2015 and December 31, 2014 respectively. |
Subsequent Events
Subsequent Events | 9 Months Ended | 12 Months Ended |
Sep. 30, 2016 | Dec. 31, 2015 | |
Subsequent Events [Abstract] | ||
Subsequent Events [Text Block] | Note 11 Subsequent Events During the period from October 1, 2016 through November 16, 2016, the Company issued 1,231,607 shares of common stock and received or credited gross proceeds of $224,640. The expenses of the offering totaled $119,303. The net proceeds were used for working capital, corporate expenses, legal fees and public company expenses. On September 2, 2016, the Company entered into a Consulting Agreement ["CA"] with Benchmark Advisory Partners ("Consultant") which became effective on September 30, 2016 and which provides for Consultant to perform financial and business consulting services and other related activities, including, but not limited to, the introduction to the Company of public company services, capital resources, investor relation resources and legal and accounting services who may be of able to provide equity and debt financing. The CA has a six month term expiring on March 31, 2016. In consideration for rendering such services, on September 30, 2016, Consultant was paid a consulting fee consisting of 150,000 restricted shares of common stock. Effective September 30, 2016, the Company entered into a Consulting Agreement ("CA") with Joshua Tyrell ("Tyrell") which provides for Tyrell to assist in various business development activities on behalf of the Company, including but not limited to realizing new business opportunities. In consideration for rendering such services, Tyrell was issued 150,000 free trading shares of Company common stock. The CA has a six month term expiring on March 31, 2017. On November 7, 2016, the CA was amended to provide for the payment of an additional 630,000 free-trading shares to Tyrell for services rendered due to the huge trading volume of the derivative conversions and to extend the term of the CA to nine (9) months From October 7, 2016 through November 16, 2016, the Company issued an aggregate of 16,523,441 shares of its common stock upon conversions of six different convertible notes at conversion prices ranging from $0.0015 to $0.0047 per share. These issuances increased the number of outstanding shares to 21,786,638 shares at November 16, 2016. As a result of such issuances, four [4] of the notes were deemed paid in full. The total remaining principle amount of all convertible note debt outstanding at November 16, 2016 after all such conversions was approximately $46,989.00. | Note 13 Subsequent Events From January 1, 2016, through March 26, 2016, the Company sold an aggregate of 130,329 shares of restricted stock with prices ranging from $.010 to $.015 with gross proceeds of $190,201 and received an approximate of $ $66,682 of net proceeds from such sales. Commissions and expense reimbursements were paid to foreign agents for Regulation S offerings by the Company in the amount of $123,349. There were no cash payments for shareholder interest in 2016. On January 15, 2016, the Company's Board of Directors (the "Board"), after careful consideration, approved our 2016 Stock Option and Incentive Stock Plan (the "Plan"), pursuant to which the Company will reserve for issuance thereunder 1,000,000 shares of the Company's authorized Common Stock. The Plan enables the Board to provide equity-based incentives through grants of Awards to the Company’s present and future employees, directors, consultants and other third party service providers. Shares issued under the Plan through the settlement, assumption or substitution of outstanding Awards or obligations to grant future Awards as a condition of acquiring another entity will not reduce the maximum number of shares of Common Stock reserved for issuance under the Plan. In addition, the number of shares of Common Stock subject to the Plan, any number of shares subject to any numerical limit in the Equity Incentive Plan, and the number of shares and terms of any incentive award may be adjusted in the event of any change in our outstanding Common Stock by reason of any stock dividend, spin-off, split-up, stock split, reverse stock split, recapitalization, reclassification, merger, consolidation, liquidation, business combination or exchange of shares or similar transaction. On January 20, 2016 the Company borrowed $150,000 from WebBank for the purpose of working capital. The loan required that the Company payoff the loan made on November 25, 2015 from Orchard Street Financing. The balance of the Orchard Street loan at date of payoff was $44,523 and the Company received the balance of the proceeds in the amount of 105,479. The daily payments on the WebBank loan will be $645.10. The loan has a twelve month maturity and the total interest charges will be $31,000, or approximately 21%. On March 11, 2016, the Company entered into a Professional Relations and Consulting Agreement [“CA”] with Acorn Management Partners LLC (“Consultant”) which provides for Consultant to perform general corporate and business consulting services and other related activities as directed by the Company, including, but not limited to, the distribution of Company information/news releases on a daily basis, using social media to create a full awareness of the Company and its business, and the preparation of research reports for industry analysts. The CA has a seven month term expiring on September 11, 2016. The term may be extended by a new written mutual agreement on terms to be agreed upon. In consideration for rendering such services, Consultant will be paid a consulting fee consisting of monthly cash payments totaling $441,250 beginning with a first payment of $40,000 due March 31, 2016, $83,000 due April 29, 2016 and $78,000 due on each of May 30 th th th The Consultant was also granted limited registration rights under certain circumstances. The CA is renewable for additional one year terms upon the written notice from one party to the other. The terms of any such renewed CA shall be agreed to in writing between the parties. Concurrently with the execution of the CA, the Company entered into an Agreement dated March 11, 2016 with Equisolve, Inc. for the design and development of a new Company Website and for the monthly maintenance thereof. The term is for one year with automatic renewal for one year period unless cancelled 60-days in advance of the end of the then current year. The fee to design the Website is $12,500, of which $6,250 was paid on signing the CA. On March 23, 2016, the Company issued a two year $250,000 convertible promissory note to JMJ Financial, a Nevada sole proprietorship which bears interest at the rate of 12% per annum on the principal sum of the outstanding (“JMJ Note”). The JMJ Note is payable in installments of a minimum of $25,000 per drawdown. The Company drew down $25,000 on March 23, 2016. Under the terms of the JMJ Note; the current balance is now $31,111, which includes an original issue interest of $2,777.00, plus interest at the rate of 12% per annum. The JMJ Note is convertible at any time into shares of common stock at a conversion price equal to 60% of the lowest trade price in the 25 trading days previous to the conversion date. |
Overview and Description of t20
Overview and Description of the Company | 9 Months Ended |
Sep. 30, 2016 | |
Accounting Policies [Abstract] | |
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block] | Note 1 Overview and Description of the Company ABCO Energy, Inc. was organized on July 29, 2004 and operated until July 1, 2011 as Energy Conservation Technologies, Inc. (ENYC). On July 1, 2011 ENYC entered into a share exchange agreement (SEA) with ABCO Energy and acquired all of the assets of ABCO. ENYC changed its name to ABCO Energy, Inc. on October 31, 2011. The Company is in the Photo Voltaic (PV) solar systems industry, sells energy efficient lighting (LED) and is an electrical product and services supplier. The Company prepared these financial statements according to the instructions for Form 10-Q. Therefore, the financial statements do not include all disclosures required by generally accepted accounting principles in the United States. However, the Company has recorded all transactions and adjustments necessary to fairly present the financial statements included in this Form 10-Q. The adjustments made are normal and recurring. The following notes describe only the material changes in accounting policies, account details or financial statement notes during the first Nine Months of 2016. Therefore, please read these financial statements and notes to the financial statements together with the audited financial statements and notes thereto in our Annual Report on Form 10-K for the year ended December 31, 2015. The income statement for the Nine Months ended September 30, 2016 cannot necessarily be used to project results for the full year. Use of estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include, but are not limited to the estimated useful lives of equipment for purposes of depreciation and the valuation of common shares issued for services, equipment and the liquidation of liabilities. Income (Loss) per Share Basic earnings per share amounts are calculated based on the weighted average number of shares of common stock outstanding during each period. Diluted earnings per share is based on the weighted average numbers of shares of common stock outstanding for the periods, including dilutive effects of stock options, warrants granted and convertible preferred stock. Dilutive options and warrants that are issued during a period or that expire or are canceled during a period are reflected in the computations for the time they were outstanding during the periods being reported. Since ABCO Energy has incurred losses for all periods except the current period, the impact of the common stock equivalents would be anti-dilutive and therefore are not included in the calculation. In addition, there are no common stock equivalents outstanding at the time of this report. Effects of Recently Issued Accounting Pronouncements In April 2015, the FASB issued ASU No. 2015-03, Interest - Imputation of Interest (Subtopic 835-30) - Simplifying the Presentation of Debt Issuance Costs. ASU 2015-03 amends previous guidance to require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this ASU. The standard is effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Early adoption is permitted for financial statements that have not been previously issued. The Company plans to adopt ASU No.2015-03 regarding the presentation of debt issuance cost from fiscal year 2016. |
Note Payable - Officers and Dir
Note Payable - Officers and Directors | 9 Months Ended |
Sep. 30, 2016 | |
Related Party Transactions [Abstract] | |
Related Party Transactions Disclosure [Text Block] | Note 4 Note Payable – Officers and Directors Related party notes payable as of September 30, 2016 and December 31, 2015 consists of the following: Description September 30, 2016 December 31, 2015 Notes payable – officers and directors bearing interest at 12% per annum, unsecured, demand notes. $ 100,501 $ 69,944 Note payable – other bearing interest at 12% per annum, unsecured, demand note. 39,581 - Total $ 140,082 $ 69,944 Officers, directors and other related individual’s loans are demand notes totaling $140,082 as of September 30, 2016 and $69,944 as of December 31, 2015. The total consists of two notes from Officer/Directors. The first note in the amount of $60,000 provides for interest at 12% per annum and is unsecured. This note resulted in an interest charge of $1,815 for current period and $18,061 accrued and unpaid at September 30, 2016. The second note was increased by $30,557 during the current period, which increased the total note to $40,501 as of September 30, 2016. The note is an unsecured demand note and bears interest at 12% per annum. This note resulted in an interest charge of $1,225 for the current period and $3,772 accrued and unpaid at September 30, 2016. An additional loan of $33,000 was made by this officer in October, 2016. The third note is from a related party and has a current balance of $39,581 as of September 30, 2016. The note is an unsecured demand note and bears interest at 12% per annum. This note resulted in an interest charge of $1,200 for the current period and $4,096 accrued and unpaid at September 30, 2016. |
Short Term Notes Payable
Short Term Notes Payable | 9 Months Ended |
Sep. 30, 2016 | |
Disclosure Text Block [Abstract] | |
Short-term Debt [Text Block] | Note 5 Short Term Notes Payable Description September 30, 2016 December 31, 2015 Note payable - Credit line, payable to Ascentium Capital, bearing interest at 24% per annum, unsecured, paid in full in February 2016. $ - $ 6,706 Note payable – Orchard Street Funding – This loan was paid off in January, 2016 - 45,240 Note payable – other bearing interest at 12% per annum, unsecured, demand note. - 59,832 Merchant Note payable to Web Bank, borrowed 2-1-16, bearing interest at 23% per annum, unsecured, matures in March, 2017. (2) 85,256 - Merchant Note payable to Quarterspot Lending, borrowed 6-27-16, bearing interest at 31% per annum, unsecured, matures in September, 2017. (3) 38,360 - Merchant note payable to Premier Capital Funding, borrowed 7-12-16, bearing interest at 29% per annum, unsecured, maturing November 28, 2016. (4) 37,138 Total $ 160,754 $ 111,778 On February 1, 2016, the Company financed operations with a loan in the amount of $150,000 from WebBank. The note is an open credit line with interest rate of 23% maturing in March of 2017. A portion of the loan was used to pay off a credit loan from Orchard Street Funding in the amount of $$44,061. On August 22, 2016, the Company ceased making payments on this loan and at September 30, 2016 the Company owed $82,010 in principal and accrued interest of $3,246 for a total balance due of $85,256. This loan is personally guaranteed by an Officer of the Company. No default notice has been received by the Company on the loan as of November 16, 2016. On June 28, 2016, the Company financed operations with a loan in the amount of $43,500 from Quarterspot, a lending institution. The note is an open line with interest rate of approximately 31% maturing in September of 2017. On August 22, 2016, the Company ceased making payments on this loan. As of September 30, 2016, the Company owed $36,097 in principal and accrued interest of $2,263, resulting in a balance of $38,360. This loan is not personally guaranteed by an Officer of the Company. No default notice has been received by the Company on the loan as of November 16, 2016. On July 12, 2016, the Company financed operations with a loan in the amount of $45,000 from Premier Capital Funding, LLC, a lending institution. The note is an open line with interest rate of approximately 29% maturing in November 28, 2016. On August 22, 2016, the Company ceased making payments on this loan. The Company owed $35,363 in principal and accrued interest of $1,815 and had a total balance of $37,178 as of September 30, 2016. This loan is personally guaranteed by an Officer of the Company. No default notice has been received by the Company on the loan as of November 16, 2016. As indicated above, on August 22, 2016, the Company ceased payments on all three of the above notes and has been negotiating more favorable payment arrangements and payoff consolidation of this debt. If the Company is not successful in this process the note holders may take legal action to collect to collect their respective debt against the Company and/or its officers. |
Derivative Liabilities
Derivative Liabilities | 9 Months Ended |
Sep. 30, 2016 | |
Disclosure Text Block [Abstract] | |
Derivatives and Fair Value [Text Block] | Note 8 Derivative Liabilities The Company recognized that the conversion feature embedded within its convertible debts is a financial derivative. The Generally Accepted Accounting Principles (GAAP) required that the Company’s embedded conversion option be accounted for at fair value. The following schedule shows the change in fair value of the derivative liabilities by September 30, 2016: Description Amount Derivative liabilities - December 31, 2015 $ -0- Add fair value at the commitment date for convertible notes issued during the current year 743,467 Fair value mark to market adjustment for derivatives from the first quarter (344,451 ) Reduce fair value due to conversions (23,141 ) Derivative liabilities - September 30, 2016 375,875 Less: current portion 332,517 Long-term derivative liabilities $ 43,358 The Company recorded the debt discount to the extent of the gross proceeds raised, and expensed immediately the remaining value of the derivative as it exceeded the gross proceeds of the notes. The Company recorded derivative interest expenses for the nine months ended September 30, 2016 of $227,726 after adjustments mentioned above and the total derivative discount liability of $485,000. The actual interest accrual on the convertible notes for the quarter ended September 30 2016 was $$4,670. The Company recorded as a liability the amount of $743,467 and the debt discount to the extent of the gross proceeds raised, and expensed immediately the remaining value of the derivative as it exceeded the gross proceeds of the note. The Company recorded change in fair value of derivative liabilities as an expense associated with financing for the three and nine month periods ended September 30, 2016 of $346,040 and $(213,169), respectively. Derivative liabilities incurred during the period ended September 30, 2016 were valued based upon the following assumptions and key inputs: Commitment Re-measurement Assumption Date Date Expected dividends: 0 % 0 % Expected volatility: 679%-783 % 264%-660 % Expected term (years): 1-2 years 0.34-1.72 years Risk free interest rate: 0.51%-0.87 % 0.29%-0.73 % |
Fair Value of Financial Instrum
Fair Value of Financial Instruments | 9 Months Ended |
Sep. 30, 2016 | |
Fair Value Disclosures [Abstract] | |
Fair Value Disclosures [Text Block] | Note 9 Fair Value of Financial Instruments The following is the major category of liabilities measured at fair value on a recurring basis as of September 30, 2016, using quoted prices in active markets for identical liabilities (Level 1); significant other observable inputs (Level 2); and significant unobservable inputs (level 3) Fair Value Measurements at September 30, 2016 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Carrying Value Derivative liabilities – debt $ - $ - $ 375,875 $ 375,875 Less: current portion - - 332,517 332,517 Long-term portion $ - $ - $ 43,358 $ 43358 |
Accounting Policies, by Policy
Accounting Policies, by Policy (Policies) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2016 | Dec. 31, 2015 | |
Accounting Policies [Abstract] | ||
Basis of Accounting, Policy [Policy Text Block] | These financial statements consist of the consolidated financial positions and results of operations of both the parent, ABCO Energy, Inc. and the subsidiary companies. In the opinion of Management, all adjustments necessary for a fair statement of results for the fiscal years presented have been included. These financial statements have been prepared in accordance with generally accepted accounting principles (GAAP) generally accepted in the United States of America. | |
Use of Estimates, Policy [Policy Text Block] | Use of estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include, but are not limited to the estimated useful lives of equipment for purposes of depreciation and the valuation of common shares issued for services, equipment and the liquidation of liabilities. | GAAP requires the Company to make estimates and judgments that affect the reported amounts of assets. On an on-going basis, the Company evaluates its estimates and judgments, including those related to revenue recognition, inventories, adequacy of allowances for doubtful accounts, valuation of long-lived assets, income taxes, equity-based compensation, litigation and warranties. The Company bases its estimates on historical and anticipated results and trends and on various other assumptions that the Company believes are reasonable under the circumstances, including assumptions as to future events. The policies discussed below are considered by management to be critical to an understanding of the Company’s financial statements. These estimates form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent for other sources. By their nature, estimates are subject to an inherent degree of uncertainty. Actual results may differ from those estimates. |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Cash Equivalents There are only cash accounts included in our cash equivalents in these statements. For purposes of the statement of cash flows, the Company considers all short-term securities with a maturity of three months or less to be cash equivalents. There are no short term cash equivalents reported in these financial statements. | |
Property, Plant and Equipment, Policy [Policy Text Block] | Property and Equipment Property and equipment are to be stated at cost less accumulated depreciation. Depreciation is recorded on the straight-line basis according to IRS guidelines over the estimated useful lives of the assets, which range from three to ten years. Maintenance and repairs are charged to operations as incurred. | |
Revenue Recognition, Policy [Policy Text Block] | Revenue Recognition The Company generates revenue from sales of solar products, LED lighting, installation services and leasing fees. During the last fiscal year the company had product sales as follows: Sales Product and Services Description 2015 2014 Solar PV residential and commercial sales $ 1,827,361 97 % $ 1,160,296 88 % Solar thermal residential -commercial 0 0 % 11,112 1 % ABCO LED & energy efficient lighting 59,964 3 % 143,783 11 % Interest Income 2,110 0 % 469 0 % Total revenue $ 1,889,435 100 % $ 1,315,660 100 % The Company recognizes product revenue, net of sales discounts, returns and allowances, in accordance Securities and Exchange Commission Staff Accounting Bulletin No. 104, “Revenue Recognition” (“SAB No. 104”) and ASC 605. These statements establish that revenue can be recognized when persuasive evidence of an arrangement exists, delivery has occurred and all significant contractual obligations have been satisfied, the fee is fixed or determinable, and collection is considered probable. Our revenue recognition is recorded on the percentage of completion method for sales and installation revenue and on the accrual basis for fees and interest income. We recognize and record income when the customer has a legal obligation to pay. All of our revenue streams are acknowledged by written contracts for any of the revenue we record. There are no differences between major classes of customers or customized orders. We record discounts, product returns, rebates and other related accounting issues in the normal business manner and experience very small number of adjustments to our written contractual sales. There are no post-delivery obligations because warranties are maintained by our suppliers. Our lease fees are earned by providing services to contractors for financing of solar systems. Normally we will acquire the promissory note (lease) on a leased system that will provide cash flow for up to 20 years. Interest is recorded on the books when earned on amortized leases. | |
Receivables, Policy [Policy Text Block] | Accounts Receivable and work-in-progress The Company recognizes revenue upon delivery of product to customers and does not make bill-and-hold sales. Contracts spanning reporting periods are recorded on the percentage of completion method, based on the ratio of total costs to total estimated costs by project, for recognition of revenue and expenses. Accounts receivable includes fully completed and partially completed projects and partially billed statements for completed work and product delivery. | |
Inventory, Policy [Policy Text Block] | Inventory The Company records inventory of construction supplies at cost using the first in first out method. | |
Income Tax, Policy [Policy Text Block] | Income Taxes The company has net operating loss carryforwards as of December 31, 2015 totaling approximately $1,950,745. A deferred tax benefit of approximately $663,000 has been offset by a valuation allowance of the same amount as its realization is not assured. Due to the current uncertainty of realizing the benefits of the tax NOL carry-forward, a valuation allowance equal to the tax benefits for the deferred taxes has not been established. The full realization of the tax benefit associated with the carry-forward depends predominately upon the Company's ability to generate taxable income during future periods, which is not assured. The NOL carryforward expires according to the following schedule: Year Ending December 31: Amount 2035 $ 214,823 2034 $ 635,517 2033 $ 622,474 2032 $ 164,119 2031 $ 182,908 2030 $ 130,897 | |
Fair Value of Financial Instruments, Policy [Policy Text Block] | Fair Value of Financial Instruments The Company measures assets and liabilities at fair value based on expected exit price as defined by the authoritative guidance on fair value measurements, which represents the amount that would be received on the sale date of an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value may be based on assumptions that market participants would use in pricing an asset or liability. The authoritative guidance on fair value measurements establishes a consistent framework for measuring fair value on either a recurring or nonrecurring basis whereby inputs, used in valuation techniques, are assigned a hierarchical level. The following are the hierarchical levels of inputs to measure fair value: Level 1: Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2: Inputs reflect quoted prices for identical assets or liabilities in markets that are not active; quoted prices for similar assets or liabilities in active markets; inputs other than quoted prices that are observable for the assets or liabilities; or inputs that are derived principally from or corroborated by observable market data by correlation or other means. Level 3: Unobservable inputs reflecting the Company’s assumptions incorporated in valuation techniques used to determine fair value. These assumptions are required to be consistent with market participant assumptions that are reasonably available. The carrying amounts of the Company’s financial assets and liabilities, such as cash, accounts payable and accrued expenses, approximate their fair values because of the current nature of these instruments. Debt approximates fair value based on interest rates available for similar financial arrangements. Derivative liabilities which have been bifurcated from host convertible debt agreements are presented at fair value. | Fair Values of Financial Instruments ASC 825 requires the Corporation to disclose estimated fair value for its financial instruments. Fair value estimates, methods, and assumptions are set forth as follows for the Corporation’s financial instruments. The carrying amounts of cash, receivables, other current assets, payables, accrued expenses and notes payable are reported at cost but approximate fair value because of the short maturity of those instruments. |
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | Stock-Based Compensation The Company accounts for employee and non-employee stock awards under ASC 718, whereby equity instruments issued to employees for services are recorded based on the fair value of the instrument issued and those issued to non-employees are recorded based on the fair value of the consideration received or the fair value of the equity instrument, whichever is more reliably measurable. | |
New Accounting Pronouncements, Policy [Policy Text Block] | Effects of Recently Issued Accounting Pronouncements In April 2015, the FASB issued ASU No. 2015-03, Interest - Imputation of Interest (Subtopic 835-30) - Simplifying the Presentation of Debt Issuance Costs. ASU 2015-03 amends previous guidance to require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this ASU. The standard is effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Early adoption is permitted for financial statements that have not been previously issued. The Company plans to adopt ASU No.2015-03 regarding the presentation of debt issuance cost from fiscal year 2016. | Effects of Recently Issued Accounting Pronouncements The Company has reviewed all recently issued accounting pronouncements noting that they do not affect the financial statements. |
Earnings Per Share, Policy [Policy Text Block] | Income (Loss) per Share Basic earnings per share amounts are calculated based on the weighted average number of shares of common stock outstanding during each period. Diluted earnings per share is based on the weighted average numbers of shares of common stock outstanding for the periods, including dilutive effects of stock options, warrants granted and convertible preferred stock. Dilutive options and warrants that are issued during a period or that expire or are canceled during a period are reflected in the computations for the time they were outstanding during the periods being reported. Since ABCO Energy has incurred losses for all periods except the current period, the impact of the common stock equivalents would be anti-dilutive and therefore are not included in the calculation. In addition, there are no common stock equivalents outstanding at the time of this report. | Per Share Computations Basic net earnings per share are computed using the weighted-average number of common shares outstanding. Diluted earnings per share is computed by dividing net income by the weighted-average number of common shares and the dilutive potential common shares outstanding during the period. |
Reclassification, Policy [Policy Text Block] | Reclassification Certain reclassifications have been made to conform to prior periods’ data to the current presentation. These reclassifications had no effect on reported income. | |
Derivatives, Policy [Policy Text Block] | Derivative Financial Instruments Fair value accounting requires bifurcation of embedded derivative instruments such as convertible features in convertible debts or equity instruments, and measurement of their fair value for accounting purposes. In determining the appropriate fair value, the Company uses the binomial option-pricing model. In assessing the convertible debt instruments, management determines if the convertible debt host instrument is conventional convertible debt and further if these is a beneficial conversion feature requiring measurement. If the instrument is not considered conventional convertible debt, the Company will continue its evaluation process of these instruments as derivative financial instruments. Once determined, derivative liabilities are adjusted to reflect fair value at each reporting period end, with any increase or decrease in the fair value being recorded in results of operations as an adjustment to fair value of derivatives. In addition, the fair value of freestanding derivative instruments, such as warrants, are also valued using the binomial option-pricing model. |
Summary of significant accoun26
Summary of significant accounting policies (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Accounting Policies [Abstract] | |
Revenue from External Customers by Products and Services [Table Text Block] | The Company generates revenue from sales of solar products, LED lighting, installation services and leasing fees. During the last fiscal year the company had product sales as follows: Sales Product and Services Description 2015 2014 Solar PV residential and commercial sales $ 1,827,361 97 % $ 1,160,296 88 % Solar thermal residential -commercial 0 0 % 11,112 1 % ABCO LED & energy efficient lighting 59,964 3 % 143,783 11 % Interest Income 2,110 0 % 469 0 % Total revenue $ 1,889,435 100 % $ 1,315,660 100 % |
Summary of Operating Loss Carryforwards [Table Text Block] | The NOL carryforward expires according to the following schedule: Year Ending December 31: Amount 2035 $ 214,823 2034 $ 635,517 2033 $ 622,474 2032 $ 164,119 2031 $ 182,908 2030 $ 130,897 |
Accounts Receivable and Work 27
Accounts Receivable and Work in Process (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Accounts Receivable And Work In Process [Abstract] | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | Accounts receivable as of December 31, 2015 and 2014, consists of the following: Description 2015 2014 Completed contracts $ 39,100 $ 164,706 Contracts in progress - - Total $ 39,100 $ 164,706 |
Costs in Excess of Billings and Billings in Excess of Costs [Table Text Block] | Work in progress as of December 31, 2015 and 2014 consists of the following: Description 2015 2014 Costs incurred on uncompleted contracts $ 1,519,570 $ - Estimated earnings 290,037 - 1,809,607 - Less billings to date 1,557,268 - Total $ 252,339 $ - Reflected in the balance sheet as: Costs and estimated earnings in excess of billings on contracts in process $ 252,339 $ - Billings in excess of costs and estimated earnings on contracts in process - - Total $ 252,339 $ - |
Property and equipment (Tables)
Property and equipment (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Property, Plant and Equipment [Abstract] | |
Property, Plant and Equipment [Table Text Block] | The total fixed assets consist of vehicles, office furniture, tools and various equipment items and the totals are as follows: Asset December 31, 2015 December 31, 2014 Equipment $ 100,846 $ 99,987 Accumulated depreciation 58,335 42,187 Net Fixed Assets $ 42,511 $ 57,800 |
Long Term Debt (Tables)
Long Term Debt (Tables) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2016 | Dec. 31, 2015 | |
Disclosure Text Block [Abstract] | ||
Schedule of Long-term Debt Instruments [Table Text Block] | Long term debt as of September 30, 2016 and December 31, 2015 consisted of the following: Description September 30, 2016 December 31, 2015 Note payable to Ascentium Capital, secured by truck, bearing interest at 9% per annum, matures in September, 2017. (1) $ 5,682 $ 9,340 Less current portion of truck loan (5,682 ) (4,048 ) Total long term debt net of current portion $ 0 5,292 | Lender Date of Loan Original Loan Purpose Interest Rate Term Current Portion Long Term Portion Ascentium Capital 09/01/14 $ 14,975 Truck loan 9 % 36 Months $ 4,048 $ 5,292 Lender Date of Loan Original Loan Purpose Interest Rate Term Current Portion Long Term Portion Orchard St. Funding 11-25-15 $ 50,000 Credit Line 20 % 6 Months $ 45,240 $ 0 Ascentium Capital 08-27-14 $ 50,000 Credit Line 24 % 18 Months 6,705 $ 0 Private lender Var 2015 $ 59,833 Credit Line 12 % Demand 59,833 $ 0 Total due at 12-31-15 $ 111,778 |
Note Payable - Officers and D30
Note Payable - Officers and Directors (Tables) | 9 Months Ended |
Sep. 30, 2016 | |
Related Party Transactions [Abstract] | |
Schedule of Related Party Transactions [Table Text Block] | Related party notes payable as of September 30, 2016 and December 31, 2015 consists of the following: Description September 30, 2016 December 31, 2015 Notes payable – officers and directors bearing interest at 12% per annum, unsecured, demand notes. $ 100,501 $ 69,944 Note payable – other bearing interest at 12% per annum, unsecured, demand note. 39,581 - Total $ 140,082 $ 69,944 |
Short Term Notes Payable (Table
Short Term Notes Payable (Tables) | 9 Months Ended |
Sep. 30, 2016 | |
Disclosure Text Block [Abstract] | |
Schedule of Short-term Debt [Table Text Block] | Description September 30, 2016 December 31, 2015 Note payable - Credit line, payable to Ascentium Capital, bearing interest at 24% per annum, unsecured, paid in full in February 2016. $ - $ 6,706 Note payable – Orchard Street Funding – This loan was paid off in January, 2016 - 45,240 Note payable – other bearing interest at 12% per annum, unsecured, demand note. - 59,832 Merchant Note payable to Web Bank, borrowed 2-1-16, bearing interest at 23% per annum, unsecured, matures in March, 2017. (2) 85,256 - Merchant Note payable to Quarterspot Lending, borrowed 6-27-16, bearing interest at 31% per annum, unsecured, matures in September, 2017. (3) 38,360 - Merchant note payable to Premier Capital Funding, borrowed 7-12-16, bearing interest at 29% per annum, unsecured, maturing November 28, 2016. (4) 37,138 Total $ 160,754 $ 111,778 |
Convertible Debt (Tables)
Convertible Debt (Tables) | 9 Months Ended |
Sep. 30, 2016 | |
Debt Disclosure [Abstract] | |
Convertible Debt [Table Text Block] | Description September 30, 2016 December 31, 2015 Six convertible promissory notes, in amount ranging from$27,777 to $55,000, maturing within from one year to two years, bearing interest ranging from 5% to 12% per annum, convertible into common stock at conversion prices ranging from 35% to 60% of the lowest price in the prior 20 to 25 trading days. The Company expects all debt will be converted to common shares. $ 234,777 $ - Less: debt discount (234,777 ) - Less: conversions (9,189 ) - Add: amortization of debt discount 118,314 - Balance of convertible debt, net 109,125 - Less: current portion 102,476 - Long-term convertible debt, net $ 6,649 $ - |
Schedule of Debt [Table Text Block] | During the nine months ended September 30, 2016, the Company recorded debt discounts totaling $234,777 and amortized debt discount of $118,314 resulting in the following net discount at September 30, 2016: September 30, 2016 December 31, 2015 Debt discount $ 234,777 $ - Accumulated amortization of debt discount (118,314 ) - Debt discount - net $ 116,463 $ - |
Derivative Liabilities (Tables)
Derivative Liabilities (Tables) | 9 Months Ended |
Sep. 30, 2016 | |
Disclosure Text Block [Abstract] | |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] | The Company recognized that the conversion feature embedded within its convertible debts is a financial derivative. The Generally Accepted Accounting Principles (GAAP) required that the Company’s embedded conversion option be accounted for at fair value. The following schedule shows the change in fair value of the derivative liabilities by September 30, 2016: Description Amount Derivative liabilities - December 31, 2015 $ -0- Add fair value at the commitment date for convertible notes issued during the current year 743,467 Fair value mark to market adjustment for derivatives from the first quarter (344,451 ) Reduce fair value due to conversions (23,141 ) Derivative liabilities - September 30, 2016 375,875 Less: current portion 332,517 Long-term derivative liabilities $ 43,358 |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block] | Derivative liabilities incurred during the period ended September 30, 2016 were valued based upon the following assumptions and key inputs: Commitment Re-measurement Assumption Date Date Expected dividends: 0 % 0 % Expected volatility: 679%-783 % 264%-660 % Expected term (years): 1-2 years 0.34-1.72 years Risk free interest rate: 0.51%-0.87 % 0.29%-0.73 % |
Fair Value of Financial Instr34
Fair Value of Financial Instruments (Tables) | 9 Months Ended |
Sep. 30, 2016 | |
Fair Value Disclosures [Abstract] | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | The following is the major category of liabilities measured at fair value on a recurring basis as of September 30, 2016, using quoted prices in active markets for identical liabilities (Level 1); significant other observable inputs (Level 2); and significant unobservable inputs (level 3) Fair Value Measurements at September 30, 2016 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Carrying Value Derivative liabilities – debt $ - $ - $ 375,875 $ 375,875 Less: current portion - - 332,517 332,517 Long-term portion $ - $ - $ 43,358 $ 43358 |
Stockholder's Equity (Tables)
Stockholder's Equity (Tables) | 9 Months Ended |
Sep. 30, 2016 | |
Stockholders' Equity Note [Abstract] | |
Schedule of Share-based Compensation, Activity [Table Text Block] | The following table sets forth certain information regarding Option Awards as of September 30, 2016 for each executive officer of the Company who received such awards and all officers and directors as a group. None were outstanding as of the fiscal year ended December 31, 2015 (1) (2) Name Number of securities underlying unexercised option exercisable Option Exercise Price Option Expiration Date Charles O’Dowd 400,000 $ 0.01 January 1, 2021 All Officers and Directors as a Group 400,000 $ 0.01 January 1, 2021 |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] | The computation of basic and diluted loss per share at September 30, 2016 excludes the common stock equivalents from convertible debt of the following potentially dilutive securities because their inclusion would be anti-dilutive: September 30, 2016 Convertible debt 1,676,294 |
Overview and Description of t36
Overview and Description of the Company (Details) - shares | Jun. 30, 2011 | Sep. 30, 2016 | Dec. 31, 2015 | Dec. 31, 2014 |
Disclosure Text Block [Abstract] | ||||
Stockholders' Equity, Reverse Stock Split | one for twenty three | |||
Common Stock, Shares Authorized | 500,000,000 | 50,000,000 | 50,000,000 | |
Preferred Stock, Shares Authorized | 0 |
Summary of significant accoun37
Summary of significant accounting policies (Details) | 12 Months Ended |
Dec. 31, 2015USD ($) | |
Summary of significant accounting policies (Details) [Line Items] | |
Operating Loss Carryforwards | $ 1,950,745 |
Deferred Tax Assets, Gross | $ 663,000 |
Minimum [Member] | |
Summary of significant accounting policies (Details) [Line Items] | |
Property, Plant and Equipment, Useful Life | 3 years |
Maximum [Member] | |
Summary of significant accounting policies (Details) [Line Items] | |
Property, Plant and Equipment, Useful Life | 10 years |
Summary of significant accoun38
Summary of significant accounting policies (Details) - Revenue from External Customers by Products or Services - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | Dec. 31, 2015 | Dec. 31, 2014 | |
Revenue from External Customer [Line Items] | ||||||
Revenues | $ 146,547 | $ 610,317 | $ 512,075 | $ 1,231,100 | $ 1,889,435 | $ 1,315,660 |
Revenues, Percentage | 100.00% | 100.00% | ||||
Solar PV Residental and Commercial Sales [Member] | ||||||
Revenue from External Customer [Line Items] | ||||||
Revenues | $ 1,827,361 | $ 1,160,296 | ||||
Revenues, Percentage | 97.00% | 88.00% | ||||
Solar Thermal Residential - Commercial [Member] | ||||||
Revenue from External Customer [Line Items] | ||||||
Revenues | $ 0 | $ 11,112 | ||||
Revenues, Percentage | 0.00% | 1.00% | ||||
ABCO LED & Energy Efficient Lighting [Member] | ||||||
Revenue from External Customer [Line Items] | ||||||
Revenues | $ 59,964 | $ 143,783 | ||||
Revenues, Percentage | 3.00% | 11.00% | ||||
Interest Income [Member] | ||||||
Revenue from External Customer [Line Items] | ||||||
Revenues | $ 2,110 | $ 469 | ||||
Revenues, Percentage | 0.00% | 0.00% |
Summary of significant accoun39
Summary of significant accounting policies (Details) - Summary of Operating Loss Carryforwards | Dec. 31, 2015USD ($) |
Operating Loss Carryforwards [Line Items] | |
Operating Loss Carryforwards | $ 1,950,745 |
2035 [Member] | |
Operating Loss Carryforwards [Line Items] | |
Operating Loss Carryforwards | 214,823 |
2034 [Member] | |
Operating Loss Carryforwards [Line Items] | |
Operating Loss Carryforwards | 635,517 |
2033 [Member] | |
Operating Loss Carryforwards [Line Items] | |
Operating Loss Carryforwards | 622,474 |
2032 [Member] | |
Operating Loss Carryforwards [Line Items] | |
Operating Loss Carryforwards | 164,119 |
2031 [Member] | |
Operating Loss Carryforwards [Line Items] | |
Operating Loss Carryforwards | 182,908 |
2030 [Member] | |
Operating Loss Carryforwards [Line Items] | |
Operating Loss Carryforwards | $ 130,897 |
Going Concern (Details)
Going Concern (Details) - USD ($) | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2016 | Sep. 30, 2015 | Dec. 31, 2015 | Dec. 31, 2014 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||||
Net Income (Loss) Attributable to Parent | $ (1,108,974) | $ 114,603 | $ (214,823) | $ (637,187) |
Net Cash Provided by (Used in) Operating Activities | (360,137) | $ (127,252) | (269,448) | (490,210) |
Retained Earnings (Accumulated Deficit) | $ (3,125,817) | $ (2,016,843) | $ (1,802,020) |
Warranties of the Company (Deta
Warranties of the Company (Details) | 12 Months Ended |
Dec. 31, 2015 | |
Product Warranties Disclosures [Abstract] | |
Standard Product Warranty Description | ABCO Energy provides a five and ten year workmanship warranties for installed systems that cover labor and installation matters only. |
Accounts Receivable and Work 42
Accounts Receivable and Work in Process (Details) - Schedule of Accounts Receivable - USD ($) | Dec. 31, 2015 | Dec. 31, 2014 |
Schedule of Accounts Receivable [Abstract] | ||
Completed contracts | $ 39,100 | $ 164,706 |
Contracts in progress | 0 | 0 |
Total | $ 39,100 | $ 164,706 |
Accounts Receivable and Work 43
Accounts Receivable and Work in Process (Details) - Costs in Excess of Billings and Billings in Excess of Costs - USD ($) | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Sep. 30, 2016 | |
Costs in Excess of Billings and Billings in Excess of Costs [Abstract] | |||
Costs incurred on uncompleted contracts | $ 1,519,570 | $ 0 | |
Estimated earnings | 290,037 | 0 | |
1,809,607 | 0 | ||
Less billings to date | 1,557,268 | 0 | |
Total | 252,339 | 0 | |
Reflected in the balance sheet as: | |||
Costs and estimated earnings in excess of billings on contracts in process | 252,339 | 0 | $ 137,109 |
Billings in excess of costs and estimated earnings on contracts in process | 0 | 0 | |
Total | $ 252,339 | $ 0 |
Inventory (Details)
Inventory (Details) - USD ($) | Sep. 30, 2016 | Dec. 31, 2015 | Dec. 31, 2014 |
Inventory Disclosure [Abstract] | |||
Inventory, Net | $ 46,327 | $ 51,255 | $ 49,245 |
Security deposits and Long Te45
Security deposits and Long Term Commitments (Details) | May 01, 2014USD ($)ft² | Dec. 31, 2015USD ($)ft² | Sep. 30, 2016USD ($) | Dec. 31, 2014USD ($) |
Security deposits and Long Term Commitments (Details) [Line Items] | ||||
Number of Security Deposits on Rented Spaces | 3 | |||
Security Deposit | $ 4,945 | $ 3,100 | $ 7,235 | |
Building [Member] | Phoenix, Arizona [Member] | ||||
Security deposits and Long Term Commitments (Details) [Line Items] | ||||
Area of Real Estate Property (in Square Feet) | ft² | 1,200 | |||
Operating Leases, Rent Expense, Minimum Rentals | $ 1,254 | |||
Lease Expiration Date | Feb. 28, 2016 | |||
Operating Leases, Future Minimum Payments Due | $ 2,508 | |||
Building [Member] | Tucson, Arizona [Member] | ||||
Security deposits and Long Term Commitments (Details) [Line Items] | ||||
Area of Real Estate Property (in Square Feet) | ft² | 2,400 | |||
Operating Leases, Rent Expense, Minimum Rentals | $ 1,894 | |||
Lease Expiration Date | Apr. 30, 2016 | |||
Operating Leases, Future Minimum Payments Due | $ 7,576 | |||
Other Commitments, Description | This facility consists of 2,400 square feet and the two year lease with monthly rent of $1,894 and it is expiring on April 30, 2016. | |||
Lessee Leasing Arrangements, Operating Leases, Term of Contract | 2 years |
Alternative Energy Finance Co46
Alternative Energy Finance Corporation (AEFC) (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2014 | Sep. 30, 2016 | Dec. 31, 2015 | |
Receivables [Abstract] | |||
Loans and Leases Receivable, Net Amount | $ 13,293 | $ 12,204 | $ 12,689 |
Impaired Financing Receivable, Unpaid Principal Balance | 7,577 | ||
Gain (Loss) on Disposition of Assets | $ 12,000 |
Property and equipment (Details
Property and equipment (Details) - USD ($) | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2016 | Sep. 30, 2015 | Dec. 31, 2015 | Dec. 31, 2014 | |
Property, Plant and Equipment [Abstract] | ||||
Property, Plant and Equipment, Additions | $ 859 | $ 27,679 | ||
Depreciation | $ 9,886 | $ 12,773 | $ 16,148 | $ 13,538 |
Property and equipment (Detail
Property and equipment (Details) - Property, Plant and Equipment - USD ($) | Sep. 30, 2016 | Dec. 31, 2015 | Dec. 31, 2014 |
Property, Plant and Equipment [Abstract] | |||
Equipment | $ 100,846 | $ 99,987 | |
Accumulated depreciation | 58,335 | 42,187 | |
Net Fixed Assets | $ 32,625 | $ 42,511 | $ 57,800 |
Notes Payable Officers and Re49
Notes Payable Officers and Related Party Transactions (Details) - USD ($) | May 09, 2016 | May 04, 2016 | Apr. 05, 2016 | Apr. 01, 2016 | Mar. 26, 2016 | Mar. 25, 2016 | Mar. 23, 2016 | Nov. 16, 2016 | Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | Dec. 31, 2015 | Dec. 31, 2014 |
Notes Payable Officers and Related Party Transactions (Details) [Line Items] | ||||||||||||||
Notes Payable, Related Parties, Current | $ 140,082 | $ 140,082 | $ 69,944 | $ 60,000 | ||||||||||
Debt Discounts, Gross | 234,777 | 234,777 | 0 | |||||||||||
Amortization of Debt Discount (Premium) | 65,741 | $ 0 | 118,314 | $ 0 | 0 | 0 | ||||||||
Proceeds from Convertible Debt | 109,125 | $ 0 | 0 | 0 | ||||||||||
Debt Conversion, Original Debt, Amount | (9,189) | 0 | ||||||||||||
Convertible Notes Payable, Current | 102,476 | 102,476 | 0 | 0 | ||||||||||
Value of Derivatives at Issuance | 743,467 | |||||||||||||
Increase (Decrease) in Derivative Liabilities | 375,875 | |||||||||||||
Embedded Derivative, No Longer Bifurcated, Amount Reclassified to Stockholders' Equity | 23,141 | |||||||||||||
Statement of Operations Impact Related to Possibility of Debt Conversion | (346,040) | |||||||||||||
Derivative Liability, Noncurrent | $ 43,358 | $ 43,358 | $ 0 | 0 | ||||||||||
Convertible Debt [Member] | ||||||||||||||
Notes Payable Officers and Related Party Transactions (Details) [Line Items] | ||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 10.00% | 5.00% | 10.00% | 8.00% | 12.00% | |||||||||
Debt Instrument, Term | 9 months | 9 months | 1 year | 1 year | 1 year | 2 years | ||||||||
Debt Instrument, Face Amount | $ 60,000 | $ 40,000 | $ 42,000 | $ 55,000 | $ 40,000 | $ 250,000 | ||||||||
Proceeds from Convertible Debt | $ 33,750 | $ 33,300 | $ 35,000 | $ 25,000 | ||||||||||
Convertible Debt [Member] | Subsequent Event [Member] | ||||||||||||||
Notes Payable Officers and Related Party Transactions (Details) [Line Items] | ||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 12.00% | |||||||||||||
Debt Instrument, Term | 2 years | |||||||||||||
Debt Instrument, Face Amount | $ 250,000 | |||||||||||||
Proceeds from Convertible Debt | $ 25,000 | |||||||||||||
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 16,523,441 | |||||||||||||
Debt Conversion #1 [Member] | Convertible Debt [Member] | Subsequent Event [Member] | ||||||||||||||
Notes Payable Officers and Related Party Transactions (Details) [Line Items] | ||||||||||||||
Debt Conversion, Original Debt, Amount | $ 25,000 | |||||||||||||
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 12,688,015 | |||||||||||||
Debt Conversion #2 [Member] | Convertible Debt [Member] | Subsequent Event [Member] | ||||||||||||||
Notes Payable Officers and Related Party Transactions (Details) [Line Items] | ||||||||||||||
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 43,444,952 | |||||||||||||
Debt Conversion #3 [Member] | Convertible Debt [Member] | Subsequent Event [Member] | ||||||||||||||
Notes Payable Officers and Related Party Transactions (Details) [Line Items] | ||||||||||||||
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 25,648,486 | |||||||||||||
Debt Conversion #4 [Member] | Convertible Debt [Member] | Subsequent Event [Member] | ||||||||||||||
Notes Payable Officers and Related Party Transactions (Details) [Line Items] | ||||||||||||||
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 64,169,000 | |||||||||||||
Debt Conversion #5 [Member] | Convertible Debt [Member] | Subsequent Event [Member] | ||||||||||||||
Notes Payable Officers and Related Party Transactions (Details) [Line Items] | ||||||||||||||
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 15,042,000 | |||||||||||||
Convertible Notes Payable, Current | $ 23,989 | |||||||||||||
Debt Conversion #6 [Member] | Convertible Debt [Member] | Subsequent Event [Member] | ||||||||||||||
Notes Payable Officers and Related Party Transactions (Details) [Line Items] | ||||||||||||||
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 4,242,424 | |||||||||||||
Convertible Notes Payable, Current | $ 23,000 | |||||||||||||
Officer [Member] | ||||||||||||||
Notes Payable Officers and Related Party Transactions (Details) [Line Items] | ||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 12.00% | |||||||||||||
Interest Expense, Related Party | $ 7,979 | $ 7,222 | ||||||||||||
Front End Note [Member] | Convertible Debt [Member] | ||||||||||||||
Notes Payable Officers and Related Party Transactions (Details) [Line Items] | ||||||||||||||
Debt Instrument, Face Amount | 30,000 | |||||||||||||
Back End Note [Member] | Convertible Debt [Member] | ||||||||||||||
Notes Payable Officers and Related Party Transactions (Details) [Line Items] | ||||||||||||||
Debt Instrument, Face Amount | $ 30,000 |
Long Term Debt (Details) - Sch
Long Term Debt (Details) - Schedule of Long-term Debt Instruments - USD ($) | 12 Months Ended | ||
Dec. 31, 2015 | Sep. 30, 2016 | Dec. 31, 2014 | |
Debt Instrument [Line Items] | |||
Current Portion | $ 111,778 | $ 5,683 | |
Long Term Portion | $ 0 | $ 0 | $ 0 |
Automobiles [Member] | Loans Payable [Member] | |||
Debt Instrument [Line Items] | |||
Date of Loan | 09/01/14 | ||
Original Loan | $ 14,975 | ||
Purpose | Truck loan | ||
Interest Rate | 9.00% | ||
Term | 36 Months | ||
Current Portion | $ 4,048 | ||
Long Term Portion | $ 5,292 | ||
Line of Credit, Orchard St Funding [Member] | Line of Credit [Member] | |||
Debt Instrument [Line Items] | |||
Date of Loan | 11-25-15 | ||
Original Loan | $ 50,000 | ||
Purpose | Credit Line | ||
Interest Rate | 20.00% | ||
Term | 6 Months | ||
Current Portion | $ 45,240 | ||
Long Term Portion | $ 0 | ||
Line of Credit, Ascentium Capital [Member] | Line of Credit [Member] | |||
Debt Instrument [Line Items] | |||
Date of Loan | 08-27-14 | ||
Original Loan | $ 50,000 | ||
Purpose | Credit Line | ||
Interest Rate | 24.00% | ||
Term | 18 Months | ||
Current Portion | $ 6,705 | ||
Long Term Portion | $ 0 | ||
Line of Credit, Private Lender [Member] | Line of Credit [Member] | |||
Debt Instrument [Line Items] | |||
Date of Loan | Var 2,015 | ||
Original Loan | $ 59,833 | ||
Purpose | Credit Line | ||
Interest Rate | 12.00% | ||
Term | Demand | ||
Current Portion | $ 59,833 | ||
Long Term Portion | $ 0 |
Stockholder's Equity and Defi51
Stockholder's Equity and Deficit (Details) - USD ($) | Jan. 15, 2016 | Dec. 07, 2015 | Nov. 19, 2015 | Sep. 15, 2015 | Mar. 18, 2014 | Dec. 31, 2015 | Nov. 30, 2015 | Aug. 31, 2014 | Nov. 16, 2016 | Mar. 26, 2016 | Sep. 30, 2016 | Sep. 30, 2015 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2014 | Dec. 31, 2015 | Nov. 14, 2016 | Mar. 01, 2013 |
Stockholder's Equity and Deficit (Details) [Line Items] | ||||||||||||||||||
Common Stock Authorized to be Sold, Shares (in Shares) | 1,000,000 | |||||||||||||||||
Shares Issued, Price Per Share (in Dollars per share) | $ 0.33 | |||||||||||||||||
Stock Issued During Period, Shares, New Issues (in Shares) | 904,377 | |||||||||||||||||
Interest Paid | $ 93,252 | $ 44,562 | $ 60,136 | $ 33,638 | ||||||||||||||
Stock Issued During Period, Value, New Issues | 305,279 | 377,081 | ||||||||||||||||
Proceeds from Issuance of Common Stock | $ 106,017 | $ 195,443 | 246,663 | 349,081 | ||||||||||||||
Dividends | 56,454 | 12,350 | ||||||||||||||||
Dividends and Interest Paid | $ 13,242 | 2,987 | ||||||||||||||||
Dividends Payable, Current | $ 42,722 | $ 42,722 | ||||||||||||||||
Founder Shares Cancelled (in Shares) | 600,000 | |||||||||||||||||
Common Stock, Shares, Outstanding (in Shares) | 3,062,106 | 4,106,589 | 3,062,106 | 2,369,568 | 2,369,568 | 3,062,106 | ||||||||||||
Regulation S Offering to Non-US Investors [Member] | ||||||||||||||||||
Stockholder's Equity and Deficit (Details) [Line Items] | ||||||||||||||||||
Common Stock Authorized to be Sold, Shares (in Shares) | 1,000,000 | 1,000,000 | 1,000,000 | |||||||||||||||
Shares Issued, Price Per Share (in Dollars per share) | $ 0.33 | $ 0.33 | $ 0.33 | |||||||||||||||
Stock Issued During Period, Shares, New Issues (in Shares) | 468,538 | 477,534 | 945,621 | |||||||||||||||
Proceeds from Issuance or Sale of Equity | $ 1,124,834 | |||||||||||||||||
Payment of Financing and Stock Issuance Costs | $ 585,690 | 52,568 | ||||||||||||||||
Payments of Stock Issuance Costs | 695,185 | |||||||||||||||||
Proceeds from the Issuance of Equity, Net | 377,081 | |||||||||||||||||
Paid-in-Kind Interest | 0 | |||||||||||||||||
Interest Paid | 25,081 | |||||||||||||||||
Stock Issued During Period, Value, New Issues | 890,969 | |||||||||||||||||
Proceeds from Issuance of Common Stock | $ 305,279 | |||||||||||||||||
Dividends Payable, Current | $ 45,151 | $ 45,151 | ||||||||||||||||
Private Placement [Member] | ||||||||||||||||||
Stockholder's Equity and Deficit (Details) [Line Items] | ||||||||||||||||||
Stock Issued During Period, Shares, New Issues (in Shares) | 10,000 | |||||||||||||||||
Proceeds from Issuance of Common Stock | $ 20,000 | |||||||||||||||||
Subsequent Event [Member] | ||||||||||||||||||
Stockholder's Equity and Deficit (Details) [Line Items] | ||||||||||||||||||
Stock Issued During Period, Shares, New Issues (in Shares) | 1,231,607 | |||||||||||||||||
Proceeds from Issuance or Sale of Equity | $ 190,201 | |||||||||||||||||
Payments of Stock Issuance Costs | $ 119,303 | 123,349 | ||||||||||||||||
Proceeds from the Issuance of Equity, Net | $ 66,682 | |||||||||||||||||
Stock Issued During Period, Value, New Issues | $ 224,640 | |||||||||||||||||
Financial Consulting Services, Legal Fees, Public Share Registration Expenses and Other Business Related Activities [Member] | ||||||||||||||||||
Stockholder's Equity and Deficit (Details) [Line Items] | ||||||||||||||||||
Stock Issued During Period, Value, Issued for Services | $ 85,250 | $ 220,000 | ||||||||||||||||
Stock Issued During Period, Shares, Issued for Services (in Shares) | 77,500 | 110,000 | ||||||||||||||||
General Corporate and Business Consulting Services [Member] | ||||||||||||||||||
Stockholder's Equity and Deficit (Details) [Line Items] | ||||||||||||||||||
Stock Issued During Period, Shares, Issued for Services (in Shares) | 100,000 | |||||||||||||||||
Stock to be Issued for Services (in Shares) | 400,000 | |||||||||||||||||
General Corporate and Business Consulting Services [Member] | Subsequent Event [Member] | ||||||||||||||||||
Stockholder's Equity and Deficit (Details) [Line Items] | ||||||||||||||||||
Subsequent Event, Description | On January 15, 2016 this contract was cancelled for cause and demand was issued for the return of the shares. The remaining 300,000 of the shares were never issued and no shares have been recovered as of the date of this report. | |||||||||||||||||
Equity Incentive Plan [Member] | Subsequent Event [Member] | ||||||||||||||||||
Stockholder's Equity and Deficit (Details) [Line Items] | ||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number (in Shares) | 620,000 | |||||||||||||||||
Stock Issued for Cash [Member] | ||||||||||||||||||
Stockholder's Equity and Deficit (Details) [Line Items] | ||||||||||||||||||
Stock Issued During Period, Shares, New Issues (in Shares) | 1,044,403 | |||||||||||||||||
Payments of Stock Issuance Costs | $ 282,731 | |||||||||||||||||
Proceeds from the Issuance of Equity, Net | 193,641 | |||||||||||||||||
Proceeds from Issuance of Common Stock | $ 474,700 | |||||||||||||||||
Share Option Awards Issued to 3 Employees and 2 Consultants [Member] | ||||||||||||||||||
Stockholder's Equity and Deficit (Details) [Line Items] | ||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in Shares) | 45,000 | |||||||||||||||||
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in Dollars per share) | $ 0.01 | |||||||||||||||||
Minimum [Member] | ||||||||||||||||||
Stockholder's Equity and Deficit (Details) [Line Items] | ||||||||||||||||||
Invested Funds, Dividend Rate, Percentage | 6.00% | |||||||||||||||||
Minimum [Member] | Subsequent Event [Member] | ||||||||||||||||||
Stockholder's Equity and Deficit (Details) [Line Items] | ||||||||||||||||||
Shares Issued, Price Per Share (in Dollars per share) | $ 0.010 | |||||||||||||||||
Maximum [Member] | ||||||||||||||||||
Stockholder's Equity and Deficit (Details) [Line Items] | ||||||||||||||||||
Invested Funds, Dividend Rate, Percentage | 12.00% | |||||||||||||||||
Maximum [Member] | Subsequent Event [Member] | ||||||||||||||||||
Stockholder's Equity and Deficit (Details) [Line Items] | ||||||||||||||||||
Shares Issued, Price Per Share (in Dollars per share) | $ 0.015 | |||||||||||||||||
Regulation 144A Bond Offering [Member] | ||||||||||||||||||
Stockholder's Equity and Deficit (Details) [Line Items] | ||||||||||||||||||
Debt Instrument, Interest Rate Terms | no interest for years 1-3 and a low annual coupon rate of 6.5% for years 4-10 with a 10 year maturity date | |||||||||||||||||
Debt Instrument, Convertible, Terms of Conversion Feature | The bond may be convertible into common stock under certain circumstances. | |||||||||||||||||
Debt Instrument, Description | Rule 144A Securities Act of 1933 provides an exemption from the registration requirements of the Securities Act of 1933 for certain private transactions of minimum $100,000 units of restricted securities to qualified investors which generally are large institutional investors that own at least $100 million in investable assets. | |||||||||||||||||
Regulation 144A Bond Offering [Member] | Advisory Fee [Member] | ||||||||||||||||||
Stockholder's Equity and Deficit (Details) [Line Items] | ||||||||||||||||||
Payments of Debt Issuance Costs | $ 150,000 | |||||||||||||||||
Stock Issued During Period, Value, Issued for Services | $ 75,000 | |||||||||||||||||
Stock Issued During Period, Shares, Issued for Services (in Shares) | 37,500 | |||||||||||||||||
Accounts Payable | $ 75,000 | $ 75,000 | $ 75,000 | |||||||||||||||
Regulation 144A Bond Offering [Member] | Minimum [Member] | ||||||||||||||||||
Stockholder's Equity and Deficit (Details) [Line Items] | ||||||||||||||||||
Debt Instrument, Face Amount | $ 5,000,000 |
Subsequent Events (Details)
Subsequent Events (Details) | Nov. 07, 2016shares | Sep. 30, 2016USD ($)shares | May 09, 2016USD ($) | May 04, 2016USD ($) | Apr. 05, 2016USD ($) | Apr. 01, 2016USD ($) | Mar. 26, 2016USD ($)$ / shares | Mar. 25, 2016USD ($) | Mar. 23, 2016USD ($) | Mar. 11, 2016USD ($) | Jan. 20, 2016USD ($) | Nov. 16, 2016USD ($)$ / sharesshares | Nov. 16, 2016USD ($)$ / sharesshares | Mar. 26, 2016USD ($)$ / sharesshares | Sep. 30, 2016USD ($)shares | Sep. 30, 2015USD ($) | Dec. 31, 2015USD ($)shares | Dec. 31, 2014USD ($)shares | Dec. 31, 2014shares | Jan. 15, 2016shares | Nov. 25, 2015USD ($) | Mar. 01, 2013$ / shares |
Subsequent Events (Details) [Line Items] | ||||||||||||||||||||||
Shares Issued, Price Per Share (in Dollars per share) | $ / shares | $ 0.33 | |||||||||||||||||||||
Proceeds from Convertible Debt | $ 109,125 | $ 0 | $ 0 | $ 0 | ||||||||||||||||||
Debt Instrument, Unamortized Discount | $ 116,463 | $ 116,463 | 0 | |||||||||||||||||||
Stock Issued During Period, Shares, New Issues (in Shares) | shares | 904,377 | |||||||||||||||||||||
Stock Issued During Period, Value, New Issues | $ 305,279 | $ 377,081 | ||||||||||||||||||||
Common Stock, Shares, Outstanding (in Shares) | shares | 4,106,589 | 4,106,589 | 3,062,106 | 2,369,568 | 2,369,568 | |||||||||||||||||
Convertible Notes Payable | $ 109,125 | $ 109,125 | $ 0 | |||||||||||||||||||
Subsequent Event [Member] | ||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | ||||||||||||||||||||||
Stock Issued During Period, Shares, Restricted Stock Award, Gross (in Shares) | shares | 130,329 | |||||||||||||||||||||
Proceeds from Issuance or Sale of Equity | $ 190,201 | |||||||||||||||||||||
Proceeds from the Issuance of Equity, Net | 66,682 | |||||||||||||||||||||
Payments of Stock Issuance Costs | $ 119,303 | 123,349 | ||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in Shares) | shares | 1,000,000 | |||||||||||||||||||||
Stock Issued During Period, Shares, New Issues (in Shares) | shares | 1,231,607 | |||||||||||||||||||||
Stock Issued During Period, Value, New Issues | $ 224,640 | |||||||||||||||||||||
Subsequent Event [Member] | Professional Relations and Consulting Agreement [Member] | ||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | ||||||||||||||||||||||
Consulting Agreement, Term | 7 years | |||||||||||||||||||||
Consulting Agreement, Expiration Date | Sep. 11, 2016 | |||||||||||||||||||||
Other Commitment | $ 441,250 | |||||||||||||||||||||
Other Commitments, Description | In addition, Consultant will receive as of (i) March 11, 2016, 50,000 freely tradeable shares of the Company common stock, without any transfer restrictions whatsoever thereon; and (ii) 75,000 restricted shares of common stock on May 30, 2016 and on August 30, 2016. All shares issuable under the CA are deemed to have been fully earned by Consultant as of the date of the CA, March 11, 2016.The Consultant was also granted limited registration rights under certain circumstances. The CA is renewable for additional one year terms upon the written notice from one party to the other. The terms of any such renewed CA shall be agreed to in writing between the parties. | |||||||||||||||||||||
Subsequent Event [Member] | Consulting Agreement, Due in One Month [Member] | ||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | ||||||||||||||||||||||
Other Commitment | $ 40,000 | |||||||||||||||||||||
Subsequent Event [Member] | Consulting Agreement, Due in Second Month [Member] | ||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | ||||||||||||||||||||||
Other Commitment | 83,000 | |||||||||||||||||||||
Subsequent Event [Member] | Consulting Agreement, Due in Third Month [Member] | ||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | ||||||||||||||||||||||
Other Commitment | 78,000 | |||||||||||||||||||||
Subsequent Event [Member] | Other Commitment, Due in Fourth Month [Member] | ||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | ||||||||||||||||||||||
Other Commitment | 78,000 | |||||||||||||||||||||
Subsequent Event [Member] | Consulting Agreement, Due in Fifth Month [Member] | ||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | ||||||||||||||||||||||
Other Commitment | 78,000 | |||||||||||||||||||||
Subsequent Event [Member] | Consulting Agreement, Due in Six Month [Member] | ||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | ||||||||||||||||||||||
Other Commitment | 78,000 | |||||||||||||||||||||
Subsequent Event [Member] | Equisolve, Inc. [Member] | ||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | ||||||||||||||||||||||
Other Commitment | $ 12,500 | |||||||||||||||||||||
Other Commitments, Description | Company entered into an Agreement dated March 11, 2016 with Equisolve, Inc. for the design and development of a new Company Website and for the monthly maintenance thereof. The term is for one year with automatic renewal for one year period unless cancelled 60-days in advance of the end of the then current year. | |||||||||||||||||||||
Payments to Acquire Intangible Assets | $ 6,250 | |||||||||||||||||||||
Notes Payable to Banks [Member] | ||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | ||||||||||||||||||||||
Notes Payable to Bank | $ 44,523 | |||||||||||||||||||||
Notes Payable to Banks [Member] | Subsequent Event [Member] | ||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | ||||||||||||||||||||||
Debt Instrument, Face Amount | $ 150,000 | |||||||||||||||||||||
Debt Instrument, Description | The loan required that the Company payoff the loan made on November 25, 2015 from Orchard Street Financing. | |||||||||||||||||||||
Proceeds from Bank Debt | $ 105,479 | |||||||||||||||||||||
Debt Instrument, Periodic Payment, Principal | $ 645.10 | |||||||||||||||||||||
Debt Instrument, Term | 12 years | |||||||||||||||||||||
Interest Expense, Debt | $ 31,000 | |||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 21.00% | |||||||||||||||||||||
Convertible Debt [Member] | ||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | ||||||||||||||||||||||
Debt Instrument, Face Amount | $ 60,000 | $ 40,000 | $ 42,000 | $ 55,000 | $ 40,000 | $ 250,000 | ||||||||||||||||
Debt Instrument, Term | 9 months | 9 months | 1 year | 1 year | 1 year | 2 years | ||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 10.00% | 5.00% | 10.00% | 8.00% | 12.00% | |||||||||||||||||
Proceeds from Convertible Debt | $ 33,750 | $ 33,300 | $ 35,000 | $ 25,000 | ||||||||||||||||||
Convertible Debt [Member] | Subsequent Event [Member] | ||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | ||||||||||||||||||||||
Debt Instrument, Face Amount | $ 250,000 | $ 250,000 | ||||||||||||||||||||
Debt Instrument, Term | 2 years | |||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 12.00% | 12.00% | ||||||||||||||||||||
Debt Instrument, Periodic Payment | $ 25,000 | |||||||||||||||||||||
Proceeds from Convertible Debt | 25,000 | |||||||||||||||||||||
Convertible Debt | 31,111 | $ 31,111 | ||||||||||||||||||||
Debt Instrument, Unamortized Discount | $ 2,777 | $ 2,777 | ||||||||||||||||||||
Debt Instrument, Convertible, Terms of Conversion Feature | The JMJ Note is convertible at any time into shares of common stock at a conversion price equal to 60% of the lowest trade price in the 25 trading days previous to the conversion date. | |||||||||||||||||||||
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | shares | 16,523,441 | |||||||||||||||||||||
Number of Convertible Notes | 6 | 6 | ||||||||||||||||||||
Common Stock, Shares, Outstanding (in Shares) | shares | 21,786,638 | 21,786,638 | ||||||||||||||||||||
Number of Notes Fully Repaid | 4 | 4 | ||||||||||||||||||||
Financial and Business Consulting Services [Member] | ||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | ||||||||||||||||||||||
Stock Issued During Period, Shares, Issued for Services (in Shares) | shares | 150,000 | |||||||||||||||||||||
Various Buesiness Development Activities [Member] | ||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | ||||||||||||||||||||||
Stock Issued During Period, Shares, Issued for Services (in Shares) | shares | 150,000 | |||||||||||||||||||||
Various Buesiness Development Activities [Member] | Subsequent Event [Member] | ||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | ||||||||||||||||||||||
Stock Issued During Period, Shares, Issued for Services (in Shares) | shares | 630,000 | |||||||||||||||||||||
Legal Fees [Member] | Convertible Debt [Member] | Subsequent Event [Member] | ||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | ||||||||||||||||||||||
Convertible Notes Payable | $ 46,989 | $ 46,989 | ||||||||||||||||||||
Minimum [Member] | Subsequent Event [Member] | ||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | ||||||||||||||||||||||
Shares Issued, Price Per Share (in Dollars per share) | $ / shares | $ 0.010 | $ 0.010 | ||||||||||||||||||||
Minimum [Member] | Convertible Debt [Member] | Subsequent Event [Member] | ||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | ||||||||||||||||||||||
Debt Instrument, Convertible, Conversion Price (in Dollars per share) | $ / shares | $ 0.0015 | $ 0.0015 | ||||||||||||||||||||
Maximum [Member] | Subsequent Event [Member] | ||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | ||||||||||||||||||||||
Shares Issued, Price Per Share (in Dollars per share) | $ / shares | $ 0.015 | $ 0.015 | ||||||||||||||||||||
Maximum [Member] | Convertible Debt [Member] | Subsequent Event [Member] | ||||||||||||||||||||||
Subsequent Events (Details) [Line Items] | ||||||||||||||||||||||
Debt Instrument, Convertible, Conversion Price (in Dollars per share) | $ / shares | $ 0.0047 | $ 0.0047 |
Note Payable - Officers and D53
Note Payable - Officers and Directors (Details) - USD ($) | 1 Months Ended | 9 Months Ended | 12 Months Ended | ||
Oct. 31, 2016 | Sep. 30, 2016 | Sep. 30, 2015 | Dec. 31, 2015 | Dec. 31, 2014 | |
Note Payable - Officers and Directors (Details) [Line Items] | |||||
Notes Payable, Related Parties, Current | $ 140,082 | $ 69,944 | $ 60,000 | ||
Proceeds from Related Party Debt | 70,138 | $ 8,000 | 9,944 | $ 0 | |
Officer and Director [Member] | |||||
Note Payable - Officers and Directors (Details) [Line Items] | |||||
Notes Payable, Related Parties, Current | $ 100,501 | $ 69,944 | |||
Debt Instrument, Interest Rate, Stated Percentage | 12.00% | 12.00% | |||
Officer and Director [Member] | Subsequent Event [Member] | |||||
Note Payable - Officers and Directors (Details) [Line Items] | |||||
Proceeds from Related Party Debt | $ 33,000 | ||||
Other Related Party [Member] | |||||
Note Payable - Officers and Directors (Details) [Line Items] | |||||
Notes Payable, Related Parties, Current | $ 39,581 | $ 0 | |||
Debt Instrument, Interest Rate, Stated Percentage | 12.00% | ||||
Interest Expense, Related Party | $ 1,200 | ||||
Interest Payable, Current | 4,096 | ||||
Note Payable #1 [Member] | Officer and Director [Member] | |||||
Note Payable - Officers and Directors (Details) [Line Items] | |||||
Debt Instrument, Face Amount | $ 60,000 | ||||
Debt Instrument, Interest Rate, Stated Percentage | 12.00% | ||||
Interest Expense, Related Party | $ 1,815 | ||||
Interest Payable, Current | 18,061 | ||||
Proceeds from Related Party Debt | 30,557 | ||||
Note Payable #2 [Member] | Officer and Director [Member] | |||||
Note Payable - Officers and Directors (Details) [Line Items] | |||||
Debt Instrument, Face Amount | $ 40,501 | ||||
Debt Instrument, Interest Rate, Stated Percentage | 12.00% | ||||
Interest Expense, Related Party | $ 1,225 | ||||
Interest Payable, Current | $ 3,772 |
Note Payable - Officers and D54
Note Payable - Officers and Directors (Details) - Schedule of Related Party Transactions - USD ($) | Sep. 30, 2016 | Dec. 31, 2015 | Dec. 31, 2014 |
Related Party Transaction [Line Items] | |||
Notes Payable, Related Party | $ 140,082 | $ 69,944 | $ 60,000 |
Officer and Director [Member] | |||
Related Party Transaction [Line Items] | |||
Notes Payable, Related Party | 100,501 | 69,944 | |
Other Related Party [Member] | |||
Related Party Transaction [Line Items] | |||
Notes Payable, Related Party | $ 39,581 | $ 0 |
Note Payable - Officers and D55
Note Payable - Officers and Directors (Details) - Schedule of Related Party Transactions (Parentheticals) | Sep. 30, 2016 | Dec. 31, 2015 |
Officer and Director [Member] | ||
Related Party Transaction [Line Items] | ||
Interest at | 12.00% | 12.00% |
Other Related Party [Member] | ||
Related Party Transaction [Line Items] | ||
Interest at | 12.00% |
Short Term Notes Payable (Detai
Short Term Notes Payable (Details) - USD ($) | 9 Months Ended | |
Sep. 30, 2016 | Dec. 31, 2015 | |
Short Term Notes Payable (Details) [Line Items] | ||
Loans Payable, Current | $ 160,754 | $ 111,778 |
Merchant Note Payable #1 [Member] | Notes Payable to Banks [Member] | ||
Short Term Notes Payable (Details) [Line Items] | ||
Debt Instrument, Face Amount | $ 150,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 23.00% | |
Debt Instrument, Maturity Date, Description | March of 2017 | |
Repayments of Debt | $ 44,061 | |
Principal Balance Outstanding | 82,010 | |
Interest Payable | 3,246 | |
Loans Payable, Current | 85,256 | |
Merchant Note Payable #2 [Member] | Notes Payable to Banks [Member] | ||
Short Term Notes Payable (Details) [Line Items] | ||
Debt Instrument, Face Amount | $ 43,500 | |
Debt Instrument, Interest Rate, Stated Percentage | 31.00% | |
Debt Instrument, Maturity Date, Description | September of 2017 | |
Principal Balance Outstanding | $ 36,097 | |
Interest Payable | 2,263 | |
Loans Payable, Current | 38,360 | |
Merchant Note Payable #3 [Member] | Notes Payable to Banks [Member] | ||
Short Term Notes Payable (Details) [Line Items] | ||
Debt Instrument, Face Amount | $ 45,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 29.00% | |
Principal Balance Outstanding | $ 35,363 | |
Interest Payable | 1,815 | |
Loans Payable, Current | $ 37,178 | |
Debt Instrument, Maturity Date | Nov. 28, 2016 |
Short Term Notes Payable (Det57
Short Term Notes Payable (Details) - Schedule of Short-term Debt - USD ($) | Sep. 30, 2016 | Dec. 31, 2015 |
Short-term Debt [Line Items] | ||
Note payable | $ 160,754 | $ 111,778 |
Note Payable #1 [Member] | Loans Payable [Member] | ||
Short-term Debt [Line Items] | ||
Note payable | 0 | 6,706 |
Note Payable #2 [Member] | Loans Payable [Member] | ||
Short-term Debt [Line Items] | ||
Note payable | 0 | 45,240 |
Note Payable #3 [Member] | Loans Payable [Member] | ||
Short-term Debt [Line Items] | ||
Note payable | 0 | 59,832 |
Merchant Note Payable #1 [Member] | Loans Payable [Member] | ||
Short-term Debt [Line Items] | ||
Note payable | 85,256 | 0 |
Merchant Note Payable #2 [Member] | Loans Payable [Member] | ||
Short-term Debt [Line Items] | ||
Note payable | 38,360 | 0 |
Merchant Note Payable #3 [Member] | Loans Payable [Member] | ||
Short-term Debt [Line Items] | ||
Note payable | $ 37,138 | $ 0 |
Short Term Notes Payable (Det58
Short Term Notes Payable (Details) - Schedule of Short-term Debt (Parentheticals) - Loans Payable [Member] | 9 Months Ended | |
Sep. 30, 2016 | Dec. 31, 2015 | |
Note Payable #1 [Member] | ||
Short-term Debt [Line Items] | ||
Interest at | 24.00% | 24.00% |
Note Payable #3 [Member] | ||
Short-term Debt [Line Items] | ||
Interest at | 12.00% | 12.00% |
Merchant Note Payable #1 [Member] | ||
Short-term Debt [Line Items] | ||
Interest at | 23.00% | |
Borrowed | Feb. 1, 2016 | |
Matures | March, 2017 | |
Merchant Note Payable #2 [Member] | ||
Short-term Debt [Line Items] | ||
Interest at | 31.00% | |
Borrowed | Jun. 27, 2016 | |
Matures | September, 2017 | |
Merchant Note Payable #3 [Member] | ||
Short-term Debt [Line Items] | ||
Interest at | 29.00% | |
Borrowed | Jul. 12, 2016 | |
Matures | November 28, 2016 |
Long term debt (Details) - Sche
Long term debt (Details) - Schedule of Long-term Debt Instruments - USD ($) | Sep. 30, 2016 | Dec. 31, 2015 | Dec. 31, 2014 |
Debt Instrument [Line Items] | |||
Note payable to Ascentium Capital, secured by truck, bearing interest at 9% per annum, matures in September, 2017. (1) | $ 0 | $ 5,292 | $ 16,521 |
Less current portion of truck loan | 0 | (4,048) | (38,308) |
Total long term debt net of current portion | 50,007 | 0 | $ 0 |
Secured Debt [Member] | |||
Debt Instrument [Line Items] | |||
Note payable to Ascentium Capital, secured by truck, bearing interest at 9% per annum, matures in September, 2017. (1) | 5,682 | 9,340 | |
Less current portion of truck loan | (5,682) | (4,048) | |
Total long term debt net of current portion | $ 0 | $ 5,292 |
Long term debt (Details) - Sc60
Long term debt (Details) - Schedule of Long-term Debt Instruments (Parentheticals) - Secured Debt [Member] | 9 Months Ended | 12 Months Ended |
Sep. 30, 2016 | Dec. 31, 2015 | |
Debt Instrument [Line Items] | ||
Interest | 9.00% | 9.00% |
Matures | September, 2017 | September, 2017 |
Convertible Debt (Details) - Co
Convertible Debt (Details) - Convertible Debt - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | Dec. 31, 2015 | Dec. 31, 2014 | |
Convertible Debt (Details) - Convertible Debt [Line Items] | ||||||
Convertbile promissory notes | $ 234,777 | $ 234,777 | $ 0 | |||
Less: debt discount | (234,777) | (234,777) | 0 | |||
Less: conversions | (9,189) | 0 | ||||
Add: amortization of debt discount | 65,741 | $ 0 | 118,314 | $ 0 | 0 | $ 0 |
Balance of convertible debt, net | 109,125 | 109,125 | 0 | |||
Less: current portion | 102,476 | 102,476 | 0 | 0 | ||
Long-term convertible debt, net | $ 6,649 | $ 6,649 | $ 0 | $ 0 |
Convertible Debt (Details) - 62
Convertible Debt (Details) - Convertible Debt (Parentheticals) - Convertible Debt [Member] - USD ($) | May 09, 2016 | May 04, 2016 | Apr. 05, 2016 | Apr. 01, 2016 | Mar. 25, 2016 | Mar. 23, 2016 | Sep. 30, 2016 |
Convertible Debt (Details) - Convertible Debt (Parentheticals) [Line Items] | |||||||
Promissory notes, amount | $ 60,000 | $ 40,000 | $ 42,000 | $ 55,000 | $ 40,000 | $ 250,000 | |
Promissory notes, maturing | 9 months | 9 months | 1 year | 1 year | 1 year | 2 years | |
Promissory notes, interest | 10.00% | 5.00% | 10.00% | 8.00% | 12.00% | ||
Six Convertible Notes [Member] | |||||||
Convertible Debt (Details) - Convertible Debt (Parentheticals) [Line Items] | |||||||
Promissory notes, conversion | convertible into common stock at conversion prices ranging from 35% to 60% of the lowest price in the prior 20 to 25 trading days | ||||||
Six Convertible Notes [Member] | Minimum [Member] | |||||||
Convertible Debt (Details) - Convertible Debt (Parentheticals) [Line Items] | |||||||
Promissory notes, amount | $ 27,777 | ||||||
Promissory notes, maturing | 1 year | ||||||
Promissory notes, interest | 5.00% | ||||||
Six Convertible Notes [Member] | Maximum [Member] | |||||||
Convertible Debt (Details) - Convertible Debt (Parentheticals) [Line Items] | |||||||
Promissory notes, amount | $ 55,000 | ||||||
Promissory notes, maturing | 2 years | ||||||
Promissory notes, interest | 12.00% |
Convertible Debt (Details) - Sc
Convertible Debt (Details) - Schedule of Debt Discounts - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | Dec. 31, 2015 | Dec. 31, 2014 | |
Schedule of Debt Discounts [Abstract] | ||||||
Debt discount | $ 234,777 | $ 234,777 | $ 0 | |||
Accumulated amortization of debt discount | (65,741) | $ 0 | (118,314) | $ 0 | 0 | $ 0 |
Debt discount - net | $ 116,463 | $ 116,463 | $ 0 |
Derivative Liabilities (Details
Derivative Liabilities (Details) - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | Dec. 31, 2015 | Dec. 31, 2014 | |
Derivative Liabilities (Details) [Line Items] | ||||||
Derivative, Gain (Loss) on Derivative, Net | $ 278,910 | $ 0 | $ (227,726) | $ 0 | $ 0 | $ 0 |
Debt Instrument, Unamortized Discount | 116,463 | 116,463 | $ 0 | |||
Embedded Derivative Financial Instruments [Member] | ||||||
Derivative Liabilities (Details) [Line Items] | ||||||
Interest Expense, Other Long-term Debt | 227,726 | |||||
Derivative, Gain (Loss) on Derivative, Net | 485,000 | |||||
Interest Payable, Current | 4,670 | 4,670 | ||||
Debt Instrument, Unamortized Discount | 743,467 | 743,467 | ||||
Interest Expense, Debt | $ 346,040 | $ 213,169 |
Derivative Liabilities (Detai65
Derivative Liabilities (Details) - Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation - USD ($) | 9 Months Ended | ||
Sep. 30, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract] | |||
Derivative liabilities - December 31, 2015 | $ 0 | ||
Add fair value at the commitment date for convertible notes issued during the current year | 743,467 | ||
Fair value mark to market adjustment for derivatives from the first quarter | (344,451) | ||
Reduce fair value due to conversions | (23,141) | ||
Derivative liabilities - September 30, 2016 | 375,875 | ||
Less: current portion | 332,517 | $ 0 | $ 0 |
Long-term derivative liabilities | $ 43,358 | $ 0 | $ 0 |
Derivative Liabilities (Detai66
Derivative Liabilities (Details) - Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques | May 09, 2016 | Sep. 30, 2016 |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Expected dividends: | 0.00% | 0.00% |
Minimum [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Expected volatility: | 679.00% | 264.00% |
Expected term (years): | 1 year | 124 days |
Risk free interest rate: | 0.51% | 0.29% |
Maximum [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Expected volatility: | 783.00% | 660.00% |
Expected term (years): | 2 years | 1 year 262 days |
Risk free interest rate: | 0.87% | 0.73% |
Fair Value of Financial Instr67
Fair Value of Financial Instruments (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis - USD ($) | Sep. 30, 2016 | Dec. 31, 2015 | Dec. 31, 2014 |
Fair Value of Financial Instruments (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | |||
Derivative liabilities – debt | $ 375,875 | ||
Less: current portion | 332,517 | $ 0 | $ 0 |
Long-term portion | 43,358 | $ 0 | $ 0 |
Fair Value, Inputs, Level 1 [Member] | |||
Fair Value of Financial Instruments (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | |||
Derivative liabilities – debt | 0 | ||
Less: current portion | 0 | ||
Long-term portion | 0 | ||
Fair Value, Inputs, Level 2 [Member] | |||
Fair Value of Financial Instruments (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | |||
Derivative liabilities – debt | 0 | ||
Less: current portion | 0 | ||
Long-term portion | 0 | ||
Fair Value, Inputs, Level 3 [Member] | |||
Fair Value of Financial Instruments (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items] | |||
Derivative liabilities – debt | 375,875 | ||
Less: current portion | 332,517 | ||
Long-term portion | $ 43,358 |
Stockholder's Equity (Details)
Stockholder's Equity (Details) - Schedule of Share-based Compensation, Activity | 9 Months Ended |
Sep. 30, 2016$ / sharesshares | |
Chief Executive Officer [Member] | |
Stockholder's Equity (Details) - Schedule of Share-based Compensation, Activity [Line Items] | |
Number of securities underlying unexercised option exercisable | shares | 400,000 |
Option Exercise Price | $ / shares | $ 0.01 |
Option Expiration Date | Jan. 1, 2021 |
Officer and Director [Member] | |
Stockholder's Equity (Details) - Schedule of Share-based Compensation, Activity [Line Items] | |
Number of securities underlying unexercised option exercisable | shares | 400,000 |
Option Exercise Price | $ / shares | $ 0.01 |
Option Expiration Date | Jan. 1, 2021 |
Stockholder's Equity (Details69
Stockholder's Equity (Details) - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share | 9 Months Ended |
Sep. 30, 2016shares | |
Convertible Debt Securities [Member] | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |
Convertible debt | 1,676,294 |