Document And Entity Information
Document And Entity Information - USD ($) | 12 Months Ended | |
Dec. 31, 2018 | Apr. 15, 2019 | |
Document and Entity Information [Abstract] | ||
Entity Registrant Name | ABCO Energy, Inc. | |
Document Type | 10-K | |
Current Fiscal Year End Date | --12-31 | |
Entity Common Stock, Shares Outstanding | 61,492,360 | |
Entity Public Float | $ 1,352,838 | |
Amendment Flag | false | |
Entity Central Index Key | 0001300938 | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Filer Category | Non-accelerated Filer | |
Entity Well-known Seasoned Issuer | No | |
Document Period End Date | Dec. 31, 2018 | |
Document Fiscal Year Focus | 2018 | |
Document Fiscal Period Focus | FY | |
Entity Small Business | true | |
Entity Emerging Growth Company | true | |
Entity Shell Company | false | |
Entity Ex Transition Period | true |
CONSOLIDATED BALANCE SHEETS
CONSOLIDATED BALANCE SHEETS - USD ($) | Dec. 31, 2018 | Dec. 31, 2017 |
Current Assets | ||
Cash | $ 67,707 | $ 5,046 |
Accounts receivable on completed projects | 105,187 | 46,985 |
Accounts receivable on incomplete projects | 184,212 | |
Inventory | 53,950 | 38,127 |
Total Current Assets | 411,056 | 90,158 |
Fixed Assets | ||
Vehicles, office furniture & equipment – net of accumulated depreciation | 36,538 | 21,941 |
Other Assets | ||
Investment in long term leases | 10,512 | 11,281 |
Security deposits | 2,700 | 2,700 |
Total Other Assets | 13,212 | 13,981 |
Total Assets | 460,806 | 126,080 |
Current liabilities | ||
Accounts payable and accrued expenses | 549,611 | 496,991 |
Excess billing on contracts in progress | 85,777 | 83,813 |
Notes payable – merchant loans | 53,362 | 96,338 |
Derivative liability on convertible debentures | 74,848 | 178,013 |
Notes payable officers and affiliates | 169,549 | 187,826 |
Convertible debentures – net of discount | 0 | 187,236 |
Note payable non affiliate | 49,563 | 0 |
Preferred stock series C | 189,680 | 0 |
Current portion of long term debt | 7,628 | 0 |
Total Current Liabilities | 1,180,018 | 1,230,217 |
Long term debt, net of current portion | 18,670 | 0 |
Total Liabilities | 1,198,688 | 1,230,217 |
Commitments and contingencies | 0 | 0 |
Stockholders’ Deficit: | ||
Common stock, 5,000,000,000 shares authorized, $0.001 par value, 31,886,289, and 6,248,507 issued and outstanding at December 31, 2018 and December 31, 2017, respectively | 31,886 | 6,249 |
Common shares sold not issued – 870,000 at December 31, 2018 and 1,858,414 at December 31, 2017 | 870 | 256,237 |
Additional paid-in capital | 4,379,793 | 3,158,541 |
Accumulated deficit | (5,180,431) | (4,540,163) |
Total Stockholders’ Deficit | (737,882) | (1,104,137) |
Total Liabilities and Stockholders’ Deficit | 460,806 | 126,080 |
Series B Preferred Stock [Member] | ||
Stockholders’ Deficit: | ||
Preferred stock, 100,000,000 shares authorized, $0.001 par value, and 30,000,000 shares issued and outstanding at December 31, 2018 and 15,000,000 at December 31, 2017 | $ 30,000 | $ 15,000 |
CONSOLIDATED BALANCE SHEETS (Pa
CONSOLIDATED BALANCE SHEETS (Parentheticals) - $ / shares | Dec. 31, 2018 | Dec. 31, 2017 |
Common stock, shares authorized | 5,000,000,000 | 5,000,000,000 |
Common stock, par value (in Dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares outstanding | 31,886,289 | 6,248,507 |
Common stock, shares Issued | 31,886,289 | 6,248,507 |
Common shares sold not issued, Shares | 870,000 | 1,858,414 |
Series B Preferred Stock [Member] | ||
Preferred stock, par value (in Dollars per share) | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 100,000,000 | 100,000,000 |
Preferred stock, shares outstanding | 30,000,000 | 15,000,000 |
Preferred stock, shares issued | 30,000,000 | 15,000,000 |
CONSOLIDATED STATEMENTS OF OPER
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Revenues | $ 2,867,442 | $ 1,447,056 |
Cost of Sales | 2,040,339 | 1,151,593 |
Gross Profit | 827,103 | 295,463 |
Operating Expenses: | ||
Payroll | 325,567 | 254,646 |
Share based expense | 27,000 | 101,400 |
Consulting expense | 93,728 | 70,246 |
Corporate expense | 35,165 | 46,759 |
Professional fees | 101,598 | 56,764 |
Rent | 35,936 | 27,380 |
Other selling and administrative expense | 397,866 | 277,262 |
Total operating expense | 1,016,860 | 834,457 |
Net (Loss) from operations | (189,757) | (538,994) |
Other expenses | ||
Interest on notes payable | (71,712) | (102,231) |
Loss on note issuance | (36,230) | (109,889) |
Change in Derivative (Gain) Loss | 61,251 | 214,265 |
Finance Fees – derivatives | (33,018) | (197,752) |
(Loss) on extinguishment of debt | (370,802) | 134,665 |
Total other expenses | (450,511) | (60,942) |
Net (Loss) before provision for income taxes | (640,268) | (599,936) |
Provision for income tax | 0 | 0 |
Net (loss) | $ (640,268) | $ (599,936) |
Net (loss) Per Share (Basic and Fully Diluted) (in Dollars per share) | $ (0.01) | $ (0.01) |
Weighted average number of common shares used in the calculation (in Shares) | 20,431,605 | 4,725,257 |
CONSOLIDATED STATEMENT OF STOCK
CONSOLIDATED STATEMENT OF STOCKHOLDERS' DEFICIT - USD ($) | Common Stock [Member]To Be Issued [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Preferred Stock [Member] | Shares to be Issued [Member]To Be Issued [Member] | Shares to be Issued [Member] | To Be Issued [Member] | Total |
Balance at Dec. 31, 2016 | $ 26,872 | $ 3,023,926 | $ 3,940,227 | $ (889,429) | |||||
Balance (in Shares) at Dec. 31, 2016 | 26,871,876 | ||||||||
Preferred stock issued to management 15,000,000 shares | $ 15,000 | 15,000 | |||||||
Common shares issued under private placement offering - net of expenses | $ 60,840 | 181,506 | $ 246,237 | $ 246,237 | 242,346 | ||||
Common shares issued under private placement offering - net of expenses (in Shares) | 60,840,000 | ||||||||
Common shares issued for conversion of convertible debenture notes - net of expenses | $ 6,290 | 7,164 | 13,454 | ||||||
Common shares issued for conversion of convertible debenture notes - net of expenses (in Shares) | 6,290,000 | ||||||||
Shares issued for services | $ 3,968 | 6,032 | $ 10,000 | 10,000 | 10,000 | ||||
Shares issued for services (in Shares) | 3,968,254 | ||||||||
Shares issued under ABCO management compensation | $ 27,000 | 54,400 | 81,400 | ||||||
Shares issued under ABCO management compensation (in Shares) | 27,000,000 | ||||||||
Legal & administrative expense- public offering | (55,711) | (55,711) | |||||||
Derivative interest expense from outstanding convertible debentures | (177,498) | ||||||||
Net (loss) for the period | (599,936) | (599,936) | |||||||
Balance at Dec. 31, 2017 | $ 124,970 | 3,039,819 | (4,540,163) | 15,000 | $ 256,237 | (1,104,137) | |||
Balance (in Shares) at Dec. 31, 2017 | 124,970,130 | ||||||||
1 for 20 Reverse | $ 6,248 | 3,158,541 | 4,540,163 | 15,000 | 256,237 | (1,104,137) | |||
1 for 20 Reverse (in Shares) | 6,248,507 | ||||||||
Preferred stock issued to management 15,000,000 shares | 15,000 | 15,000 | |||||||
Common shares issued under private placement offering - net of expenses | $ 870 | $ 7,150 | 538,034 | $ (256,237) | $ 870 | 288,947 | |||
Common shares issued under private placement offering - net of expenses (in Shares) | 870,000 | 7,150,532 | |||||||
Common shares issued for conversion of convertible debenture notes - net of expenses | $ 16,768 | 687,115 | 703,883 | ||||||
Common shares issued for conversion of convertible debenture notes - net of expenses (in Shares) | 16,767,650 | ||||||||
Shares issued for services | $ 370 | 9,630 | $ 10,000 | ||||||
Shares issued for services (in Shares) | 369,599 | 369,599 | |||||||
Shares issued under ABCO management compensation | $ 1,350 | 25,650 | $ 27,000 | ||||||
Shares issued under ABCO management compensation (in Shares) | 1,350,000 | ||||||||
Legal & administrative expense- public offering | $ 0 | (39,176) | (39,176) | ||||||
Net (loss) for the period | (640,268) | (640,268) | |||||||
Balance at Dec. 31, 2018 | $ 32,756 | $ 4,379,793 | $ (5,180,431) | $ 30,000 | $ (737,882) | ||||
Balance (in Shares) at Dec. 31, 2018 | 32,756,288 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Cash Flows from Operating Activities: | ||
Net loss | $ (640,268) | $ (599,936) |
Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||
Depreciation | 18,610 | 7,785 |
Shares issued to officers and consultants | 52,000 | 116,401 |
Inventory change | (8,823) | 8,574 |
Amortization of debt discount | 2,311 | 197,752 |
Change in Derivative liability | (61,251) | (214,265) |
Changes in Accounts receivable on completed contracts | (58,202) | 56,656 |
Change in accounts receivable on incomplete contracts | (184,212) | 0 |
Increase (decrease) in prepaid expenses | 0 | 151,846 |
Billings in excess of costs on incomplete projects | 1,964 | 83,813 |
Accounts payable and accrued expenses | 90,496 | 19,552 |
Stock issued | 36,230 | 109,889 |
Finance fees on derivatives | 33,018 | 28,859 |
Gain (loss) on extinguishment of debt | 370,802 | (134,665) |
Net cash used in operating activities | (347,325) | (167,739) |
Cash Flows from Investing Activities: | ||
Purchase of equipment | (11,633) | 0 |
Proceeds from investments in long term leases | 769 | 703 |
Product and lease deposits | 0 | (900) |
Net cash provided by (used for) investing activities | (10,864) | (197) |
Cash Flows from Financing Activities: | ||
Proceeds from sale of common stock – net of expenses | 250,641 | 255,373 |
Merchant loans – net of principal payments | 60,000 | 35,048 |
Proceeds of related party notes payable | 0 | 10,479 |
Payments on related party notes payable | (18,277) | 0 |
Payment on debt | (150,514) | (140,452) |
Proceeds from loans from non-affiliate | 60,000 | 0 |
Proceeds from preferred stock sales | 219,000 | 0 |
Net cash provided by financing activities | 420,850 | 160,448 |
Net increase (decrease) in cash | 62,661 | (7,488) |
Cash, beginning of period | 5,046 | 12,534 |
Cash, end of period | 67,707 | 5,046 |
Cash paid for interest | 117,332 | 102,231 |
Shares issued or to be issued for services | 52,000 | 101,400 |
Income taxes paid or accrued | $ 0 | $ 0 |
Note 1 - Overview and Descripti
Note 1 - Overview and Description of the Company | 12 Months Ended |
Dec. 31, 2018 | |
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, Inc. (“Company”) and acquired all 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 stock split prior to the exchange to approximately 9% of the post-exchange outstanding common shares of the Company. On January 13, 2017, the Board of Directors of the Company approved a reverse stock split of its common stock, at a ratio of 1-for-10 (the “Reverse Stock Split”). The Reverse Stock Split became effective with FINRA (the Financial Industry Regulatory Authority) and in the marketplace on January 13, 2017 (the “Effective Date”), whereupon the shares of common stock began trading on a split adjusted basis. As a result of the Reverse Stock Split the number of authorized shares of common stock was reduced to 50,000,000 from 500,000,000 shares. The Company held a Special Meeting of Stockholders in May 2017 which authorized an amendment to the Articles of Incorporation to increase the authorized common share capital to 2,000,000,000 common shares and 100,000,000 preferred shares. Thereafter, on September 27, 2017, by written consent the holders of a majority of the outstanding shares voted to authorize an additional amendment to increase the authorized common shares to 2,000,000,000 shares On December 23, 2018 the Board of Directors of the Company approved a reverse stock split of its common stock, at a ratio of 1-for-20 (the “Reverse Stock Split”). The Reverse Stock Split became effective with FINRA (the Financial Industry Regulatory Authority) and in the marketplace on December 23, 2018 (the “Effective Date”), whereupon the shares of common stock began trading on a split adjusted basis. On November 8, 2018, by written consent the holders of a majority of the outstanding shares voted to authorize an additional amendment to increase the authorized common shares to 5,000,000,000 shares. All share numbers through-out these financial statements and notes thereto have been adjusted to reflect this reverse split. The Company is in the Photo Voltaic (PV) solar systems industry, the LED and energy efficient commercial lighting business and is an electrical product and services supplier. In 2018 ABCO entered the HVAC business with the acquisition of a small company’s assets and qualifying license. The Company plans to build out a network of operations in major cities in the USA to establish a national base of PV, HVAC, lighting 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, 2018, we operated in Tucson and Phoenix, 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 Mia Soleil, Canadian Solar, Boviet, Westinghouse Solar and various Korean, German and Chinese suppliers. In addition, we purchase from several 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 Service Finance Corporation, Green Sky, AEFC and others that are offered to ABCO customers and other marketing and installation organizations. ABCO also sells and installs energy efficient lighting products, regular and solar powered air conditioning equipment, 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, HVAC and solar products installer. Our license is ROC 258378 electrical and ROC 323162 HVAC and we are fully licensed to offer commercial and residential services. As in all states, we will comply with all licensing requirements of those jurisdictions. The ABCO subsidiary, Alternative Energy Finance Corporation, (AEFC) a Wyoming Company provides funding for leases of photovoltaic and HVAC systems. AEFC financed its owned leases from its own cash and now arranges financing with funds provided by other lessors. AEFC has not done any company owned new leases since 2011 but intends to do so as cash becomes available. |
Note 2 - Summary of significant
Note 2 - Summary of significant accounting policies | 12 Months Ended |
Dec. 31, 2018 | |
Accounting Policies [Abstract] | |
Significant Accounting Policies [Text Block] | 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. Significant estimates include but are not limited to the estimated useful lives of equipment for purposes of depreciation, percentage of completion and the valuation of common and preferred shares issued for services, equipment and the liquidation of liabilities 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 from other sources. By their nature, estimates are subject to an inherent degree of uncertainty. Actual results may differ from those estimates. C ash 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 two fiscal years, the company had product sales as follows: Sales Product and Services Description 2018 2017 Solar PV residential and commercial sales $ 2,576,640 90 % $ 1,315,907 91 % Energy efficient lighting & other income 291,824 9 % 130,164 8 % Interest Income 978 1 % 985 1 % Total revenue $ 2,867,442 100 % $ 1,447,056 100 % The Company recognizes product revenue, net of sales discounts, returns and allowances. 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 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. The Company records a reserve for bad debts in the amount of 2% of earned accounts receivable. When the Company determines that an account is uncollectible, the account is written off against the reserve and the balance to expense. If the reserve is deemed to be inadequate after annual reviews, the reserve will be increased to an adequate level. Inventory The Company records inventory of construction supplies at cost using the first in first out method. After review of the inventory on an annual basis, the Company discounts all obsolete items to fair market value and has established a valuation reserve of 10% of the inventory at total cost to account for obsolescence. Income Taxes The Company has net operating loss carryforwards as of December 31, 2018 totaling approximately $3,521,421. Accrued derivative liabilities and stock-based compensation are assumed to be non-tax events. A deferred 21% tax benefit of approximately $754,201 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 Company files in the US only and is not subject to taxation in any foreign country. There are three open years for which the Internal Revenue Service can examine our tax returns so 2015, 2016 and 2017 are still open years and 2018 will replace 2015 when the tax return is filed. 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. The Company evaluates derivatives based on level 3 indicators. 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. 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, as the case may be, 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 there 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. 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. All shares were considered anti-dilutive at December 31, 2018. Potentially dilutive share issues are: 1) all unissued common shares sold, the convertible debentures are dilutive, 2) all convertible debentures have a possibility of a large number of shares being issued and would result in a larger number of shares issued if the price remains low, 3) the preferred stock of the company held by insiders is convertible into common shares and the preferred stock is voted on a 20 to 1 basis. All of the above are potential dilutive items. Reclassification Certain reclassifications have been made to conform to prior periods’ data to the current presentation. These reclassifications had no effect on reported income. |
Note 3 - Going Concern
Note 3 - Going Concern | 12 Months Ended |
Dec. 31, 2018 | |
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. The Company incurred a net loss of $(640,268), the net cash flow used in operations was $(347,325) and its accumulated net losses from inception through the period ended December 31, 2018 is $5,180,431, which raises substantial doubt about the Company’s ability to continue as a going concern. 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 and classification of liabilities that might result from this uncertainty. |
Note 4 - Warranties of the Comp
Note 4 - Warranties of the Company | 12 Months Ended |
Dec. 31, 2018 | |
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 warranties as a significant or material risk and therefore there is no reserve. |
Note 5 - Accounts Receivable an
Note 5 - Accounts Receivable and Work in Process | 12 Months Ended |
Dec. 31, 2018 | |
Accounts Receivable And Work In Process Table [Abstract] | |
Accounts Receivable and Work in Process [Table Text Block] | Note 5 – Accounts Receivable and Work in Process Accounts receivable as of December 31, 2018 and 2017, consists of the following: Description 2018 2017 Accounts receivable on completed contracts $ 105,187 $ 46,985 Costs and estimated earnings on contracts in progress 184,212 - Total $ 289,399 $ 46,985 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, 2018 and 2017. 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. Billings in excess of costs and earnings were $85,777 at December 31, 2018 and $83,813 at December 31, 2017. During December 2018 the Company sold 8 commercial projects that were substantially incomplete at December 31, 2018. |
Note 6 - Inventory
Note 6 - Inventory | 12 Months Ended |
Dec. 31, 2018 | |
Inventory Disclosure [Abstract] | |
Inventory Disclosure [Text Block] | Note 6 – Inventory Inventory of construction supplies not yet charged to specific projects was $53,950 and $38,127 as of December 31, 2018 and 2017, respectively. The Company values items of inventory at the lower of cost or market and uses the first in first out method to charge costs to jobs. The Company has established a valuation reserve of 10% of the value of inventory after write downs for obsolescence. |
Note 7 - Security deposits and
Note 7 - Security deposits and Long Term Commitments | 12 Months Ended |
Dec. 31, 2018 | |
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 rented spaces it occupies for offices and warehouse which total $2,700 on December 31, 2018 and 2017. On May 1, 2014, the Company rented office and warehouse space at 2100 N. Wilmot #211, Tucson, Arizona 85712. This facility consists of 3,600 square feet. The Company now has a one year lease with monthly rent of $2,841 which was renewed on November 1, 2018 to a term of one year. ABCO has a forward commitment of $31,251. |
Note 8 - Alternative Energy Fin
Note 8 - Alternative Energy Finance Corporation (AEFC) | 12 Months Ended |
Dec. 31, 2018 | |
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 and finances its own leases from its own cash. Long term leases recorded on the consolidated financial statements were $10,512 and $11,281 at December 31, 2018 and December 31, 2017 respectively. |
Note 9 - Property and equipment
Note 9 - Property and equipment | 12 Months Ended |
Dec. 31, 2018 | |
Property, Plant and Equipment [Abstract] | |
Property, Plant and Equipment Disclosure [Text Block] | Note 9 – Property and equipment The Company has acquired all its office and field work equipment with cash payments and financial institution loans. The total fixed assets consist of vehicles, office furniture, tools and various equipment items and the totals are as follows: Asset December 31, 2018 December 31, 2017 Equipment $ 119,343 $ 86,136 Accumulated depreciation (82,805 ) (64,195 ) Net Fixed Assets $ 36,538 $ 21,941 Depreciation expenses for the years ended December 31, 2018 and 2017 was $18,610 and $7,785 respectively. |
Note 10 - Notes Payable Officer
Note 10 - Notes Payable Officers and Related Party Transactions | 12 Months Ended |
Dec. 31, 2018 | |
Related Party Transactions [Abstract] | |
Related Party Transactions Disclosure [Text Block] | Note 10 – Notes Payable Officers and Related Party Transactions Related party notes payable as of December 31, 2018 and December 31, 2017 consists of the following: Description December 31, 2018 December 31, 2017 Notes payable – Director bearing interest at 12% per annum, unsecured, demand notes. $ 60,000 $ 60,000 Note payable - Officer bearing interest at 12% per annum, unsecured, demand note 61,052 61,052 Note payable – other bearing interest at 12% per annum, unsecured, demand note. 48,497 66,774 Total $ 169,549 $ 187,826 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 $34,304 accrued and unpaid at December 31, 2018. The second note has a current balance of $61,052 as of December 31, 2018. The note is an unsecured demand note and bears interest at 12% per annum. This note resulted in an interest charge of $20,061 accrued and unpaid at December 31, 2018. The third note is from a related party and has a current balance of $48,497 as of December 31, 2018. The note is an unsecured demand note and bears interest at 12% per annum. This note resulted in an accumulated interest charge of $19,163 accrued and unpaid at December 31, 2018. |
Note 11 - Short Term Notes Paya
Note 11 - Short Term Notes Payable | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Text Block [Abstract] | |
Short-term Debt [Text Block] | Note 11 – Short Term Notes Payable Description December 31, 2018 December 31, 2017 Merchant Note payable to Web Bank, borrowed 2-1-16, bearing interest at 23% per annum, unsecured. (1) Settled by negotiated payment in 2018 - 69,854 Merchant Note payable to Quarterspot Lending, borrowed 6-27-16, bearing interest at 31% per annum, unsecured. (2) Settled by negotiated payment in 2018 - 26,484 Private money loan from Perfectly Green Corporation, borrowed 1-22-18, bearing interest at 3% per annum, unsecured (3) demand note-Original balance $60,000, current balance 49,563 - Merchant note payable to Powerup Lending Group, LLC, borrowed 12-5-18, bearing interest at 26% per annum, unsecured. 53,362 0 Total $ 102,925 $ 96,338 (1) On February 1, 2016, the Company financed operations with a loan in the amount of $150,000 from WebBank. The note was 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 December 31, 2017 the Company owed a settled negotiated amount of $69,854 in principal, accrued interest and settlement fees. This loan was personally guaranteed by an Officer of the Company. The Company has negotiated a payment and payoff arrangements for this debt and completed full payment in 2018. (2) On June 27, 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, 2017, the Company ceased making payments on this loan. As of December 31, 2017, the Company owed $26,484 in principal, accrued interest and settlement fees. This loan is not personally guaranteed by an Officer of the Company. A negotiated settlement on the Quarterspot note was $8,650 plus fees. This note and the fees have been paid in full in 2018. (3) On January 22, 2018 the Company borrowed $60,000 from Perfectly Green Corporation, a Texas corporation. The Company repaid $10,437 during the year ended December 31, 2018. The note bears interest at 3% per annum and is payable upon demand after 60 days’ notice which can be requested at any time after May 31, 2018. (4) On December 5, 2018 the Company borrowed a merchant note payable to Powerup Lending Group, LLC, borrowed 12-5-18, bearing interest at 26% per annum, unsecured. The balance due at December 31, 2018 was $53,362. During May 2018, the Company authorized a Series C Preferred Stock and has sold three issuances for cash to Power Up Lending Group Ltd as shown in the table below. The Series C Preferred Stock has no voting rights and is subordinate to the Series B Preferred Stock. The Series C Preferred Stock is convertible into common stock after 6 months at the option of the Holder. The conversion into common stock shares is determined by the use of the lowest price of the trading common stock in a 20 day period prior to the elected date to convert. The price is determined by the discount rate of 35% of the lowest price to determine the number of shares. The Series C Preferred is classified as a liability on the Balance Sheet because it is mandatorily redeemable after its 15 month term if not fully converted by that date. The classification of this investment as a liability on the balance sheet will also require a calculation of a derivative liability on future statements. Name of Holder Date of issuance Date of maturity Amount of issuance Power Up Lending Group, LTD 5-7-18 11-7-18 $ 78,000 Power Up Lending Group, LTD 7-6-18 1-6-19 $ 68,000 Power Up Lending Group, LTD 8-24-18 2-24-19 $ 73,000 Total amount sold $ 219,000 Conversions during 2018 29,320 Balance on preferred stock series C liability at December 31, 2018 $ 189,680 Effective as of September 2, 2018 Redstart Holdings Corp. (“RHC”) acquired from Power Up Lending Group Ltd., all of the $219,000 Series C Preferred Stock of ABCO Energy, Inc. owned by Power-Up for a one year promissory note from RHC for the principal amount of $328,500 plus interest at 8% per annum pursuant to a Stock Purchase Agreement dated October 31, 2018 (“SPA”). The Company agreed to the transactions contemplated by the SPA. Subsequent to December 31, 2018, the Company redeemed from Redstart 68,000 shares and 73,000 shares, respectively, of the Series C Preferred and retired these shares. Redstart converted all of the 78,000 Series C Preferred into common shares in 2018 and 2019. The balance of this note at December 31, 2018 was $48,680. |
Note 12 - Long term debt
Note 12 - Long term debt | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Text Block [Abstract] | |
Long-term Debt [Text Block] | Note 12 – Long term debt Holder Date issued Interest rate Amount due December 31, 2018 Ascentium Capital 10-1-18 13 % $ 14,285 Fredrick Donze 9-2-18 6 % 6,283 Charles O’Dowd (officer) 8-9-18 6 % 5,731 Total long term debt 26,298 Less Current portion 7,628 Total long-term debt $ 18,670 ABCO acquired the assets of Dr. Fred Air Conditioning services on September 2, 2018 for the total price of $22,000. The allocation of the purchase price was to truck and equipment at $15,000 and the balance was allocated to inventory. The truck and equipment were financed by Ascentium Capital. Mr. Fred Donze, the owner, received a three year promissory note for the balance of $7,000 at 6% interest and with monthly payments of $213. The Company purchased an automobile from its President with a promissory note in the amount of $6,575 dated August 9, 2018 and bears interest at 6% per annum for the three year payment plan. |
Note 13 - Convertible Debt and
Note 13 - Convertible Debt and Derivative Valuation | 12 Months Ended |
Dec. 31, 2018 | |
Debt Disclosure [Abstract] | |
Debt Disclosure [Text Block] | Note 13 – Convertible Debt and Derivative Valuation 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 fiscal year ending December 31, 2018 and December 31, 201 7 During the year ended December 31, 2018, the Company funded operations with borrowing on new convertible promissory notes and had other debentures due from 2017. This table presents the positions on the notes at December 31, 2018 and 2017. Holder Date of Loan Loan amount OID and discounts and fees Interest rate Conversions to shares Conversion Dollars Balance December 31, 2018 Balance December 31, 2017 Blackbridge Capital Growth Fund, LLC – Sold to L2 Capital 11-2-16 $ 100,000 $ 0 0 % 5,419,670 $ 110270 $ - $ 92,525 Crown Bridge Partners, LLC 1-11-17 45,000 5,000 5 % 2,447,952 57,339 $ - $ 39,021 Power Up Lending Group, Ltd 11-11-17 58,000 3,000 8 % 2,556,528 59,815 $ - $ 58.000 Total $ 203,000 $ 8,000 $ - $ 189,546 Debt discount on derivatives - 2,310 Net total debentures $ - $ 187,236 Power Up Lending Group Ltd - Redstart 5-7-18 $ 78,000 $ 3,000 8 % 6,056,000 29,320 48,680 Power Up Lending Group Ltd - Redstart 7-6-18 68,000 3,000 8 % - - 68,000 Power Up Lending Group Ltd - Redstart 8-24-18 73,000 3,000 8 % - - 73,000 Totals and balances for 12-31-18 $ 219,000 $ 9,000 $ 189,680 - Subsequent to December 31, 2018, the Company redeemed from Redstart 68,000 shares and 73,000 shares, respectively, of the Series C Preferred and retired these shares. Redstart converted all of the 78,000 Series C Preferred shares into common shares in 2018 and 2019. The balance of this note at December 31, 2018 was $48,680. Blackbridge converted an additional $14,575 for 12,500,000 shares on January 17, 2018 bringing the total note balance to $78,150 when sold to L2 Capital. The initial valuation of the derivative liability on the converted common shares totaled $74,848 at December 31, 2018 and $175,703 at December 31, 2017 as calculated by consultants for the Company when all notes were issued, but before any conversions. This value includes the fair value of the shares issued according to the contracts of the holders and valued according to our common share price at the time of acquisition. |
Note 14 - Convertible Debt and
Note 14 - Convertible Debt and Derivative Liabilities on Other Notes | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Text Block [Abstract] | |
Derivatives and Fair Value [Text Block] | Note 14 – Convertible Debt and Derivative Liabilities on Other Notes The Company has entered into Securities Purchase Agreement with Blackbridge Capital, LLC, a Delaware limited liability company [“SPA”], operating out of New York, New York (“Blackbridge”) whereby Blackbridge has agreed to purchase up to $5,000,000 worth of shares of the Company’s common stock. The Company has agreed to file a Registration Statement to register such shares for sale to Blackbridge. In addition, the Company has issued [i] a convertible promissory note to Blackbridge pursuant to the Securities Purchase Agreement equal to $150,000 as a commitment fee, that is currently charged to prepaid expenses until services are provided (the “Blackbridge Note”), [ii] and a $100,000 Convertible Note to cover the expenses to be incurred for the preparation and filing of the Registration Statement and related matters (“Expenses Note”). Blackbridge converted an additional $14,575 for 12,500,000 shares on January 17, 2018 bringing the total note balance to $78,150 as of the date the note was acquired by L2 Capital. On March 13, 2017, the Company and Blackbridge, entered into an Agreement, effective as of March 1, 2017, terminating the SPA. The Registration Statement on Form S-1 filed by the Company pursuant to the SPA could not be processed because of technical issues raised by the SEC and was withdrawn on February 28, 2017. In addition, the Blackbridge Note issued by the Company as a commitment fee was declared null and void and was cancelled on March 1, 2017. Effective as of January 31, 2019, Company acquired through redemption from Redstart Holdings Corp, [“RHC”] 68,000 shares of the Series C Preferred Stock [“Redeemed Preferred Shares”] owned by RHC. The redemption price for the Redeemed Preferred Shares was $101,810.55 which was financed through a cash advance transaction of future receivables. Effective as of February 22, 2019, Company acquired through redemption from RHC 73,000 shares of the Series C Preferred Stock [“Redeemed Preferred Shares”] owned by RHC. The redemption price for the Redeemed Preferred Shares was $106,145 which was financed through available cash and the promissory note referred to in the next paragraph. Effective January 25, 2019 the Company entered into a Future Receivable Sale Agreement with Knight Capital Funding in the amount of $104,500 in order to fund a redemption of the Redstart Series C Preferred Stock. The agreement calls for 154 daily payments of $994 to retire this note in the amount of $153,092 representing principal and discount of collection of future receivables. The Company’s decision to redeem the Preferred shares was primarily to prevent the conversion of this note from diluting the common shares in 2019. As of February 16, 2019, the Company issued to Power Up Lending Group, Inc. [“Power Up”], a $55,000.00 of shares of the Series C Preferred Stock agreement net of an original issue discount of $10,000.00 (OID) and expenses of $3,000.00 [“Note”]. The Note is convertible into Company common stock beginning six months after the Effective Date with an effective discount rate of approximately 20%. The OID on this issue that is paid out of proceeds allows a lower purchase price if the Company purchases this liability. The proceeds of this sale, combined with Company working capital in the amount of $51,145 was used to redeem the February 22, 2019 acquisition above in the amount of $106,145. As of March 19, 2019, the Company issued to Power Up Lending, a $55,000.00 of shares of the Series C Preferred Stock agreement net of an original issue discount of $10,000.00 (OID) and expenses of $3,000.00 [“Note”]. The Note is convertible into Company common stock beginning six months after the Effective Date with an effective discount rate of approximately 20%. The OID on this issue that is paid out of proceeds allows a lower purchase price if the Company purchases this liability. The Company determined that the conversion feature embedded within the Power Up Series C Preferred shares that reached maturity in 2018 in the amount of $78,000 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 December 31, 2018: Description Amount Purchase price of the convertible debenture $ 78,000 Valuation premium on note during 2018 3,152 Balance of derivative liability net of discount on the notes (See Consolidated Balance sheet liabilities) $ 74,848 Derivative calculations and presentations on the Statement of Operations Loss on note issuance $ (36,230 Change in Derivative (Gain) Loss 61,251 Derivative Finance fees (33,018 Gain (loss) on extinguishment of debt (410,157 ) Derivative valuation and expense charged to operations in 2018 (See Consolidated Statement of Operations) $ (418,154 ) The Company measured and utilized quoted prices in active markets for identical liabilities (Level 1); significant other observable inputs (Level 2); and significant unobservable inputs (level 3) in applying valuation technology to derivative values for December 31, 2018 and 2017 and throughout the year. |
Note 15 - Stockholder's Equity
Note 15 - Stockholder's Equity | 12 Months Ended |
Dec. 31, 2018 | |
Stockholders' Equity Note [Abstract] | |
Stockholders' Equity Note Disclosure [Text Block] | Note 15 – Stockholder’s Equity Common Stock During the fiscal year ended December 31, 2018 the Company sold 6,162,119 restricted common shares in Regulation S offerings to non-US investors. The total proceeds from the offering was $583,536. Commission and expense reimbursements totaled $293,720 and the legal and administrative expense of offerings totaled $39,176. The Company recorded net proceeds totaling $ 250,641. In addition, debenture holders converted debt into 16,767,650 shares which were issued upon conversion of $256,742 of the notes referred to in Note 13 above. The Company issued 369,599 common restricted shares and recorded equity in the amount of $10,000 from vendors for services and issued 1,350,000 restricted common shares to management for services with a fair market value of $27,000. Preferred Stock On September 15, 2017 and on September 15, 2018, the Board of Directors authorized on each such date the issuance of 15,000,000 preferred shares for an aggregate of 30,000,000 shares of Class B Convertible Preferred Stock [“Series B”] to both Directors of the Company and to two unaffiliated Consultants or a total of 30,000,000 shares of Series B. The Company assigned a value of $15,000 for the shares for 2017 and 2018. Of the Series B, 12,000,000 shares were issued to Charles O’Dowd and 2,000,000 to Wayne Marx, the Directors. Each Consultant received 8,000,000 shares. See the Company’s Schedule 14C filed with the Commission on September 28, 2018. These shares have no market pricing and management assigned an aggregate value of $30,000 to the stock issued based on the par value of $0.001. The 30,000,000 shares of preferred Stock, each with has 20 votes for each Preferred share held by them of record. The holders of the Preferred are also entitled to an additional 300,000,000 common shares upon conversion of the Preferred Stock. As a result of owning of these shares of Common and Preferred Stock, the Control Shareholders will have voting control the Company. 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 December 31, 2018 excludes the common stock equivalents from convertible debt of the following potentially dilutive securities because their inclusion would be anti-dilutive, and the share issue number is not calculable until conversion takes place. |
Note 16 - Other Matters
Note 16 - Other Matters | 12 Months Ended |
Dec. 31, 2018 | |
Other Matters [Abstract] | |
Other Matters [Text Block] | Note 16 – Other Matters During the fiscal year ended December 31, 2018 the Company sold 6,162,119 restricted common shares in Regulation S offerings to non-US investors. The total proceeds from the offering was $583,536. Commission and expense reimbursements totaled $293,720 and the legal and administrative expense of offerings totaled $39,176. The Company recorded net proceeds totaling $ 250,641. During the fiscal year ended December 31, 2017 the Company sold 4,739,123 shares in Regulation S offerings to non-US investors. The total proceeds from the offering was $686,731. Commission and expense reimbursements totaled $417,217. The Company recorded net proceeds totaling $269,514. Stock subscriptions executed under an earlier offering included 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 or accrued under this agreement and charged to additional paid-in capital for the years ended December 31, 2018 and 2017, amounted to $0 and $0, respectively. Total amounts paid under this agreement and charged to interest expense for the years ended December 31, 2018 and 2017, amounted to $0 and $0, respectively. The accrued balance due on this obligation to shareholders totals $49,290 at December 31, 2018 and 2017. ABCO has evaluated these agreements under ASC 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. Effective December 31, 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 75,000 free trading shares of Company common stock. The CA has a six month term expiring on March 31, 2017. On November 7, 2016 and on November 30, 2016 the CA was amended to provide for the payment of an additional 315,000 and an additional 250,000 free-trading shares, respectively to Tyrell for services rendered due to the huge trading volume of the derivative conversions and to extend the term of the CA to twelve (12) months ending November 7, 2017. The CH expired on such date and was not renewed. The consultant received a total of 640,000 shares of free trading and restricted common stock valued at $91,600. On November 1, 2016 the Company has entered into Securities Purchase Agreement with Blackbridge Capital, LLC, a Delaware limited liability company [“SPA”], operating out of New York, New York (“Blackbridge”) whereby Blackbridge has agreed to purchase up to $5,000,000 worth of shares of the Company’s common stock. The Company has agreed to file a Registration Statement to register such shares for sale to Blackbridge. In addition, the Company has issued [i] a convertible promissory note to Blackbridge pursuant to the Securities Purchase Agreement equal to $150,000 as a commitment fee, that is currently charged to prepaid expenses until services are provided (the “Blackbridge Note”), [ii] and a $100,000 Convertible Note to cover the expenses to be incurred for the preparation and filing of the Registration Statement and related matters as of December 31, 2016. (“Expenses Note”). On March 13, 2017, the Company and Blackbridge, entered into an Agreement, effective as of March 1, 2017, terminating the SPA. The Registration Statement on Form S-1 filed by the Company pursuant to the SPA could not be processed because of technical issues raised by the SEC and was withdrawn on February 28, 2017. In addition, the Blackbridge Note issued by the Company as a commitment fee was declared null and void and was cancelled on March 1, 2017. On November 8, 2017, the Company entered into a Consulting Agreement (“CA”) with Eurasian Capital, LLC [“Consultant”] which was to provide institutional funding services and shareholder and third party sponsorship services for a nine month term ending May 7, 2018. Consultant was to be paid a monthly retainer of $10,000 payable in ABCO restricted common stock based upon the 5 day average of the closing bid price commencing on the first day of each month during the effectiveness of the Consulting Agreement. The CA was terminated by the Company on March 29, 2018 for non-performance by Consultant. Consultant was issued 198,413 restricted shares for services in November 2017 which were delivered to Consultant in December 2017. The shares for services rendered in December of 2017 [208308] and for January 2018 [161,271] were issued in January 2018 but were not delivered until early April 2018 when a dispute with respect to the CA termination was resolved with the execution of releases. A dispute has arisen with respect to the number of shares due Consultant as a result of the CA termination. The parties resolved this matter by the delivery of an aggregate of 369,599 shares to Consultant in 2018 and the execution of releases. The Company, effective as of September 1, 2018, entered into an Equity Purchase Agreement with Oasis Capital, LLC, a Puerto Rico limited liability company (“Investor”) pursuant to which Investor agreed to purchase up to $5,000,000 of the Company’s common stock at a price equal to 85% of the market price at the time of purchase (“Put Shares”). The Company agreed to file a new registration statement to register for resale the Put Shares. The Registration Statement must be effective with the SEC before Investor is obligated to purchase any Put Shares. In addition, the Company [i] issued to Investor a one year $150,000 note which is convertible at a fixed price of $.01 per share as a commitment fee for its purchase of Put Shares and [ii] delivered to Investor a Registration Rights Agreement pursuant to which the Company agreed to register all Put Shares acquired under the Equity Purchase Agreement. No transaction occurred during 2018 on this matter so no derivative was calculated on the note because it was not yet mature. The Company issued 1,350,000 restricted common shares to management for services with a fair market value of $27,000. during the Year Ended December 31, 2018. Of these awards, Charles O’Dowd received 45,000 shares and Wayne Marx received 50,000 shares. The balance of 850,000 shares were awarded to consultants to the Company. |
Note 17 - Subsequent Events
Note 17 - Subsequent Events | 12 Months Ended |
Dec. 31, 2018 | |
Subsequent Events [Abstract] | |
Subsequent Events [Text Block] | Note 17 – Subsequent Events During the period of January 1, 2019 and the date of this report, the Company sold and will issue 4,710,000 restricted shares of common stock from private placement offerings. The gross proceeds were in the amount of $158,835, expenses of the offering totaled $81,572 and net proceeds to the Company amounted to $77,263. The proceeds were used for working capital, corporate expenses, legal fees, prepaid expenses and public company expenses. Effective as of January 31, 2019, the Company acquired through redemption from Redstart Holdings Corp, [“RHC”] 68,000 shares of the Series C Preferred Stock [“Redeemed Preferred Shares”] owned by RHC. The redemption price for the Redeemed Preferred Shares was $101,810.55 which was financed through a cash advance transaction of future receivables. Effective as of February 22, 2019, the Company acquired through redemption from RHC 73,000 shares of the Series C Preferred Stock [“Redeemed Preferred Shares”] owned by RHC. The redemption price for the Redeemed Preferred Shares was $106,144.92 which was financed through available cash and the promissory note referred to in the next paragraph. As of the Effective Date of February 16, 2019, the Company issued to Power Up Lending Group, Inc. [“Power Up”], a $55,000.00 promissory note net of an original issue discount of $10,000.00 (OID) and expenses of $3,000.00 [“Note”]. The Note is convertible into Company common stock beginning six months after the Effective Date with an effective discount rate of approximately 35%. The OID on this issue that is paid out of proceeds allows a lower purchase price if the Company purchases this liability. As of the Effective Date of March 19, 2019, the Company issued to Power Up, a $55,000.00 promissory note net of an original issue discount of $10,000.00 (OID) and expenses of $3,000.00 [“Note”]. The Note is convertible into Company common stock beginning six months after the Effective Date with an effective discount rate of approximately 19%. The OID on this issue that is paid out of proceeds allows a lower purchase price if the Company purchases this liability. Equity Awards The following table sets forth information on outstanding option and stock awards held by the named executive officers of the Company at December 31, 2018, including the number of shares underlying both exercisable and un-exercisable portions of each stock option as well as the exercise price and the expiration date of each outstanding option. See Note 16 to Notes to Consolidated Financial Statements. Outstanding Equity Awards After Fiscal Year-End (1) Name Number of securities underlying unexercised options exercisable (1) Number of securities underlying unexercised options un-exercisable ( ) Option Exercise Price ($) Option Grant Date Option Expiration Date Charles O’Dowd 500,000 0 $ .001 01/01/2017 01/01/2021 Wayne Marx 500,000 0 $ .001 01/012017 01/01/2021 (1) No Equity Awards were issued during the year ended December 31, 2018. (2) All options vest 20% per year beginning on the first anniversary of their grant date. An aggregate of 1,620,000 stock awards are outstanding under the Equity Incentive Plan as of December 31, 2018. |
Accounting Policies, by Policy
Accounting Policies, by Policy (Policies) | 12 Months Ended |
Dec. 31, 2018 | |
Accounting Policies [Abstract] | |
Use of Estimates, Policy [Policy Text Block] | 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. Significant estimates include but are not limited to the estimated useful lives of equipment for purposes of depreciation, percentage of completion and the valuation of common and preferred shares issued for services, equipment and the liquidation of liabilities 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 from 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] | C ash 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 two fiscal years, the company had product sales as follows: Sales Product and Services Description 2018 2017 Solar PV residential and commercial sales $ 2,576,640 90 % $ 1,315,907 91 % Energy efficient lighting & other income 291,824 9 % 130,164 8 % Interest Income 978 1 % 985 1 % Total revenue $ 2,867,442 100 % $ 1,447,056 100 % The Company recognizes product revenue, net of sales discounts, returns and allowances. 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 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. The Company records a reserve for bad debts in the amount of 2% of earned accounts receivable. When the Company determines that an account is uncollectible, the account is written off against the reserve and the balance to expense. If the reserve is deemed to be inadequate after annual reviews, the reserve will be increased to an adequate level. |
Inventory, Policy [Policy Text Block] | Inventory The Company records inventory of construction supplies at cost using the first in first out method. After review of the inventory on an annual basis, the Company discounts all obsolete items to fair market value and has established a valuation reserve of 10% of the inventory at total cost to account for obsolescence. |
Income Tax, Policy [Policy Text Block] | Income Taxes The Company has net operating loss carryforwards as of December 31, 2018 totaling approximately $3,521,421. Accrued derivative liabilities and stock-based compensation are assumed to be non-tax events. A deferred 21% tax benefit of approximately $754,201 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 Company files in the US only and is not subject to taxation in any foreign country. There are three open years for which the Internal Revenue Service can examine our tax returns so 2015, 2016 and 2017 are still open years and 2018 will replace 2015 when the tax return is filed. |
Fair Value of Financial Instruments, Policy [Policy Text Block] | 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. The Company evaluates derivatives based on level 3 indicators. 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. 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, as the case may be, 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. |
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 there 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. |
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 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] | 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. All shares were considered anti-dilutive at December 31, 2018. Potentially dilutive share issues are: 1) all unissued common shares sold, the convertible debentures are dilutive, 2) all convertible debentures have a possibility of a large number of shares being issued and would result in a larger number of shares issued if the price remains low, 3) the preferred stock of the company held by insiders is convertible into common shares and the preferred stock is voted on a 20 to 1 basis. All of the above are potential dilutive items. |
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. |
Note 2 - Summary of significa_2
Note 2 - Summary of significant accounting policies (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
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 two fiscal years, the company had product sales as follows: Sales Product and Services Description 2018 2017 Solar PV residential and commercial sales $ 2,576,640 90 % $ 1,315,907 91 % Energy efficient lighting & other income 291,824 9 % 130,164 8 % Interest Income 978 1 % 985 1 % Total revenue $ 2,867,442 100 % $ 1,447,056 100 % |
Note 5 - Accounts Receivable _2
Note 5 - Accounts Receivable and Work in Process (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Accounts Receivable And Work In Process Table [Abstract] | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | Accounts receivable as of December 31, 2018 and 2017, consists of the following: Description 2018 2017 Accounts receivable on completed contracts $ 105,187 $ 46,985 Costs and estimated earnings on contracts in progress 184,212 - Total $ 289,399 $ 46,985 |
Note 9 - Property and equipme_2
Note 9 - Property and equipment (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
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, 2018 December 31, 2017 Equipment $ 119,343 $ 86,136 Accumulated depreciation (82,805 ) (64,195 ) Net Fixed Assets $ 36,538 $ 21,941 |
Note 10 - Notes Payable Offic_2
Note 10 - Notes Payable Officers and Related Party Transactions (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Related Party Transactions [Abstract] | |
Schedule of Related Party Transactions [Table Text Block] | Related party notes payable as of December 31, 2018 and December 31, 2017 consists of the following: Description December 31, 2018 December 31, 2017 Notes payable – Director bearing interest at 12% per annum, unsecured, demand notes. $ 60,000 $ 60,000 Note payable - Officer bearing interest at 12% per annum, unsecured, demand note 61,052 61,052 Note payable – other bearing interest at 12% per annum, unsecured, demand note. 48,497 66,774 Total $ 169,549 $ 187,826 |
Note 11 - Short Term Notes Pa_2
Note 11 - Short Term Notes Payable (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Text Block [Abstract] | |
Schedule of Short-term Debt [Table Text Block] | Description December 31, 2018 December 31, 2017 Merchant Note payable to Web Bank, borrowed 2-1-16, bearing interest at 23% per annum, unsecured. (1) Settled by negotiated payment in 2018 - 69,854 Merchant Note payable to Quarterspot Lending, borrowed 6-27-16, bearing interest at 31% per annum, unsecured. (2) Settled by negotiated payment in 2018 - 26,484 Private money loan from Perfectly Green Corporation, borrowed 1-22-18, bearing interest at 3% per annum, unsecured (3) demand note-Original balance $60,000, current balance 49,563 - Merchant note payable to Powerup Lending Group, LLC, borrowed 12-5-18, bearing interest at 26% per annum, unsecured. 53,362 0 Total $ 102,925 $ 96,338 |
Schedule of Convertible Preferred Stock Issuances [Table Text Block] | During May 2018, the Company authorized a Series C Preferred Stock and has sold three issuances for cash to Power Up Lending Group Ltd as shown in the table below. The Series C Preferred Stock has no voting rights and is subordinate to the Series B Preferred Stock. The Series C Preferred Stock is convertible into common stock after 6 months at the option of the Holder. The conversion into common stock shares is determined by the use of the lowest price of the trading common stock in a 20 day period prior to the elected date to convert. The price is determined by the discount rate of 35% of the lowest price to determine the number of shares. The Series C Preferred is classified as a liability on the Balance Sheet because it is mandatorily redeemable after its 15 month term if not fully converted by that date. The classification of this investment as a liability on the balance sheet will also require a calculation of a derivative liability on future statements. Name of Holder Date of issuance Date of maturity Amount of issuance Power Up Lending Group, LTD 5-7-18 11-7-18 $ 78,000 Power Up Lending Group, LTD 7-6-18 1-6-19 $ 68,000 Power Up Lending Group, LTD 8-24-18 2-24-19 $ 73,000 Total amount sold $ 219,000 Conversions during 2018 29,320 Balance on preferred stock series C liability at December 31, 2018 $ 189,680 |
Note 12 - Long term debt (Table
Note 12 - Long term debt (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Text Block [Abstract] | |
Schedule of Long-term Debt Instruments [Table Text Block] | Holder Date issued Interest rate Amount due December 31, 2018 Ascentium Capital 10-1-18 13 % $ 14,285 Fredrick Donze 9-2-18 6 % 6,283 Charles O’Dowd (officer) 8-9-18 6 % 5,731 Total long term debt 26,298 Less Current portion 7,628 Total long-term debt $ 18,670 |
Note 13 - Convertible Debt an_2
Note 13 - Convertible Debt and Derivative Valuation (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Debt Disclosure [Abstract] | |
Convertible Debt [Table Text Block] | During the year ended December 31, 2018, the Company funded operations with borrowing on new convertible promissory notes and had other debentures due from 2017. This table presents the positions on the notes at December 31, 2018 and 2017. Holder Date of Loan Loan amount OID and discounts and fees Interest rate Conversions to shares Conversion Dollars Balance December 31, 2018 Balance December 31, 2017 Blackbridge Capital Growth Fund, LLC – Sold to L2 Capital 11-2-16 $ 100,000 $ 0 0 % 5,419,670 $ 110270 $ - $ 92,525 Crown Bridge Partners, LLC 1-11-17 45,000 5,000 5 % 2,447,952 57,339 $ - $ 39,021 Power Up Lending Group, Ltd 11-11-17 58,000 3,000 8 % 2,556,528 59,815 $ - $ 58.000 Total $ 203,000 $ 8,000 $ - $ 189,546 Debt discount on derivatives - 2,310 Net total debentures $ - $ 187,236 Power Up Lending Group Ltd - Redstart 5-7-18 $ 78,000 $ 3,000 8 % 6,056,000 29,320 48,680 Power Up Lending Group Ltd - Redstart 7-6-18 68,000 3,000 8 % - - 68,000 Power Up Lending Group Ltd - Redstart 8-24-18 73,000 3,000 8 % - - 73,000 Totals and balances for 12-31-18 $ 219,000 $ 9,000 $ 189,680 - |
Note 14 - Convertible Debt an_2
Note 14 - Convertible Debt and Derivative Liabilities on Other Notes (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Text Block [Abstract] | |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] | The Company determined that the conversion feature embedded within the Power Up Series C Preferred shares that reached maturity in 2018 in the amount of $78,000 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 December 31, 2018: Description Amount Purchase price of the convertible debenture $ 78,000 Valuation premium on note during 2018 3,152 Balance of derivative liability net of discount on the notes (See Consolidated Balance sheet liabilities) $ 74,848 Derivative calculations and presentations on the Statement of Operations Loss on note issuance $ (36,230 Change in Derivative (Gain) Loss 61,251 Derivative Finance fees (33,018 Gain (loss) on extinguishment of debt (410,157 ) Derivative valuation and expense charged to operations in 2018 (See Consolidated Statement of Operations) $ (418,154 ) |
Note 17 - Subsequent Events (Ta
Note 17 - Subsequent Events (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Subsequent Events [Abstract] | |
Share-based Compensation, Activity [Table Text Block] | The following table sets forth information on outstanding option and stock awards held by the named executive officers of the Company at December 31, 2018, including the number of shares underlying both exercisable and un-exercisable portions of each stock option as well as the exercise price and the expiration date of each outstanding option. See Note 16 to Notes to Consolidated Financial Statements. Outstanding Equity Awards After Fiscal Year-End (1) Name Number of securities underlying unexercised options exercisable (1) Number of securities underlying unexercised options un-exercisable ( ) Option Exercise Price ($) Option Grant Date Option Expiration Date Charles O’Dowd 500,000 0 $ .001 01/01/2017 01/01/2021 Wayne Marx 500,000 0 $ .001 01/012017 01/01/2021 (1) No Equity Awards were issued during the year ended December 31, 2018. (2) All options vest 20% per year beginning on the first anniversary of their grant date. |
Note 1 - Overview and Descrip_2
Note 1 - Overview and Description of the Company (Details) - shares | Jun. 30, 2011 | Dec. 31, 2017 | Dec. 31, 2018 | Nov. 08, 2018 | Sep. 27, 2017 | Jan. 13, 2017 | Dec. 31, 2014 |
Accounting Policies [Abstract] | |||||||
Stockholders' Equity, Reverse Stock Split | 1 for 23 | ||||||
Common Stock, Shares Authorized | 5,000,000,000 | 5,000,000,000 | 5,000,000,000 | 2,000,000,000 | 50,000,000 | 500,000,000 | |
Common Shares and Preferred Shares Authorized, Description | The Company held a Special Meeting of Stockholders in May 2017 which authorized an amendment to the Articles of Incorporation to increase the authorized common share capital to 2,000,000,000 common shares and 100,000,000 preferred shares. |
Note 2 - Summary of significa_3
Note 2 - Summary of significant accounting policies (Details) - USD ($) | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2015 | Dec. 31, 2014 | |
Note 2 - Summary of significant accounting policies (Details) [Line Items] | ||||
Reserve for Bad Debts, Percentage of Accounts Receivable | 2.00% | |||
Valuation Reserve, Percentage of Inventory | 10.00% | |||
Net Tax Loss Subject to Carryover | $ 3,521,421 | |||
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent | 21.00% | |||
Deferred Tax Assets, Valuation Allowance | $ 754,201 | |||
Open Tax Year | 2015 | 2015 | 2016 | |
Minimum [Member] | ||||
Note 2 - Summary of significant accounting policies (Details) [Line Items] | ||||
Property, Plant and Equipment, Useful Life | 3 years | |||
Maximum [Member] | ||||
Note 2 - Summary of significant accounting policies (Details) [Line Items] | ||||
Property, Plant and Equipment, Useful Life | 10 years |
Note 2 - Summary of significa_4
Note 2 - Summary of significant accounting policies (Details) - Schedule of Revenue from External Customers by Product or Service - USD ($) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Revenue from External Customer [Line Items] | ||
Revenues | $ 2,867,442 | $ 1,447,056 |
Revenues, Percentage | 100.00% | 100.00% |
Interest Income [Member] | ||
Revenue from External Customer [Line Items] | ||
Revenues | $ 978 | $ 985 |
Revenues, Percentage | 1.00% | 1.00% |
Solar PV Residential and Commercial Sales [Member] | ||
Revenue from External Customer [Line Items] | ||
Revenues | $ 2,576,640 | $ 1,315,907 |
Revenues, Percentage | 90.00% | 91.00% |
ABCO LED and Energy Efficient Lighting [Member] | ||
Revenue from External Customer [Line Items] | ||
Revenues | $ 291,824 | $ 130,164 |
Revenues, Percentage | 9.00% | 8.00% |
Note 3 - Going Concern (Details
Note 3 - Going Concern (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Net Income (Loss) Attributable to Parent | $ (640,268) | $ (599,936) |
Net Cash Provided by (Used in) Operating Activities | (347,325) | (167,739) |
Retained Earnings (Accumulated Deficit) | $ (5,180,431) | $ (4,540,163) |
Note 4 - Warranties of the Co_2
Note 4 - Warranties of the Company (Details) | 12 Months Ended |
Dec. 31, 2018 | |
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. |
Note 5 - Accounts Receivable _3
Note 5 - Accounts Receivable and Work in Process (Details) - USD ($) | Dec. 31, 2018 | Dec. 31, 2017 |
Accounts Receivable And Work In Process Table [Abstract] | ||
Billings in Excess of Cost | $ 85,777 | $ 83,813 |
Note 5 - Accounts Receivable _4
Note 5 - Accounts Receivable and Work in Process (Details) - Schedule of Accounts, Notes, Loans and Financing Receivable - USD ($) | Dec. 31, 2018 | Dec. 31, 2017 |
Schedule of Accounts, Notes, Loans and Financing Receivable [Abstract] | ||
Accounts receivable on completed contracts | $ 105,187 | $ 46,985 |
Costs and estimated earnings on contracts in progress | 184,212 | 0 |
Total | $ 289,399 | $ 46,985 |
Note 6 - Inventory (Details)
Note 6 - Inventory (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Inventory Disclosure [Abstract] | ||
Inventory, Net | $ 53,950 | $ 38,127 |
Inventory, Valuation Reserve | 10.00% |
Note 7 - Security deposits an_2
Note 7 - Security deposits and Long Term Commitments (Details) | 12 Months Ended | ||
Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | May 01, 2014ft² | |
Note 7 - Security deposits and Long Term Commitments (Details) [Line Items] | |||
Security Deposit | $ 2,700 | $ 2,700 | |
Lessee, Operating Lease, Renewal Term | 1 year | ||
Tucson, Arizona [Member] | Building [Member] | |||
Note 7 - Security deposits and Long Term Commitments (Details) [Line Items] | |||
Area of Real Estate Property (in Square Feet) | ft² | 3,600 | ||
Lessee, Operating Lease, Term of Contract | 1 year | ||
Operating Leases, Rent Expense, Minimum Rentals | $ 2,841 | ||
Lease Expiration Date | Nov. 1, 2018 | ||
Operating Leases, Future Minimum Payments Due | $ 31,251 |
Note 8 - Alternative Energy F_2
Note 8 - Alternative Energy Finance Corporation (AEFC) (Details) - USD ($) | Dec. 31, 2018 | Dec. 31, 2017 |
Receivables [Abstract] | ||
Loans and Leases Receivable, Net Amount | $ 10,512 | $ 11,281 |
Note 9 - Property and equipme_3
Note 9 - Property and equipment (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Property, Plant and Equipment [Abstract] | ||
Depreciation | $ 18,610 | $ 7,785 |
Note 9 - Property and equipme_4
Note 9 - Property and equipment (Details) - Schedule of Property, Plant and Equipment - USD ($) | Dec. 31, 2018 | Dec. 31, 2017 |
Schedule of Property, Plant and Equipment [Abstract] | ||
Equipment | $ 119,343 | $ 86,136 |
Accumulated depreciation | (82,805) | (64,195) |
Net Fixed Assets | $ 36,538 | $ 21,941 |
Note 10 - Notes Payable Offic_3
Note 10 - Notes Payable Officers and Related Party Transactions (Details) - USD ($) | Dec. 31, 2018 | Dec. 31, 2017 |
Note Payable #1 [Member] | Director [Member] | ||
Note 10 - Notes Payable Officers and Related Party Transactions (Details) [Line Items] | ||
Debt Instrument, Face Amount | $ 60,000 | |
Debt Instrument, Interest Rate, Stated Percentage | 12.00% | 12.00% |
Interest Payable, Current | $ 34,304 | |
Notes Payable, Related Parties, Current | $ 60,000 | |
Note Payable #2 [Member] | Officer [Member] | ||
Note 10 - Notes Payable Officers and Related Party Transactions (Details) [Line Items] | ||
Debt Instrument, Interest Rate, Stated Percentage | 12.00% | 12.00% |
Interest Payable, Current | $ 20,061 | |
Notes Payable, Related Parties, Current | $ 61,052 | $ 61,052 |
Note Payable #3 [Member] | Other Related Party [Member] | ||
Note 10 - Notes Payable Officers and Related Party Transactions (Details) [Line Items] | ||
Debt Instrument, Interest Rate, Stated Percentage | 12.00% | 12.00% |
Interest Payable, Current | $ 19,163 | |
Notes Payable, Related Parties, Current | $ 66,774 | |
Notes Payable, Related Parties | $ 48,497 |
Note 10 - Notes Payable Offic_4
Note 10 - Notes Payable Officers and Related Party Transactions (Details) - Schedule of Related Party Debt - USD ($) | Dec. 31, 2018 | Dec. 31, 2017 |
Related Party Transaction [Line Items] | ||
Notes Payable, Related Party | $ 169,549 | $ 187,826 |
Interest Expense [Member] | ||
Related Party Transaction [Line Items] | ||
Notes Payable, Related Party | 169,549 | |
Note Payable #1 [Member] | Director [Member] | ||
Related Party Transaction [Line Items] | ||
Notes Payable, Related Party | 60,000 | |
Note Payable #1 [Member] | Interest Expense [Member] | Director [Member] | ||
Related Party Transaction [Line Items] | ||
Notes Payable, Related Party | 60,000 | |
Note Payable #2 [Member] | Officer [Member] | ||
Related Party Transaction [Line Items] | ||
Notes Payable, Related Party | 61,052 | 61,052 |
Note Payable #2 [Member] | Interest Expense [Member] | Officer [Member] | ||
Related Party Transaction [Line Items] | ||
Notes Payable, Related Party | 61,052 | |
Note Payable #3 [Member] | Other Related Party [Member] | ||
Related Party Transaction [Line Items] | ||
Notes Payable, Related Party | $ 66,774 | |
Note Payable #3 [Member] | Interest Expense [Member] | Other Related Party [Member] | ||
Related Party Transaction [Line Items] | ||
Notes Payable, Related Party | $ 48,497 |
Note 10 - Notes Payable Offic_5
Note 10 - Notes Payable Officers and Related Party Transactions (Details) - Schedule of Related Party Debt (Parentheticals) | Dec. 31, 2018 | Dec. 31, 2017 |
Note Payable #1 [Member] | Director [Member] | ||
Related Party Transaction [Line Items] | ||
Interest at | 12.00% | 12.00% |
Note Payable #1 [Member] | Interest Expense [Member] | Director [Member] | ||
Related Party Transaction [Line Items] | ||
Interest at | 12.00% | |
Note Payable #2 [Member] | Officer [Member] | ||
Related Party Transaction [Line Items] | ||
Interest at | 12.00% | 12.00% |
Note Payable #2 [Member] | Interest Expense [Member] | Officer [Member] | ||
Related Party Transaction [Line Items] | ||
Interest at | 12.00% | |
Note Payable #3 [Member] | Other Related Party [Member] | ||
Related Party Transaction [Line Items] | ||
Interest at | 12.00% | 12.00% |
Note Payable #3 [Member] | Interest Expense [Member] | Other Related Party [Member] | ||
Related Party Transaction [Line Items] | ||
Interest at | 12.00% |
Note 11 - Short Term Notes Pa_3
Note 11 - Short Term Notes Payable (Details) | Sep. 02, 2018USD ($) | Jan. 22, 2018USD ($) | Jun. 28, 2016USD ($) | May 31, 2018 | Apr. 16, 2018shares | Dec. 31, 2018USD ($) | Dec. 31, 2016USD ($) | Dec. 31, 2017USD ($) | Feb. 01, 2016USD ($) |
Merchant Note Payable #1 [Member] | Notes Payable to Banks [Member] | |||||||||
Note 11 - Short Term Notes Payable (Details) [Line Items] | |||||||||
Debt Instrument, Face Amount | $ 150,000 | ||||||||
Debt Instrument, Interest Rate, Stated Percentage | 23.00% | ||||||||
Repayments of Debt | $ 44,061 | ||||||||
Principal Balance Outstanding | $ 69,854 | ||||||||
Debt Instrument, Description | This loan was personally guaranteed by an Officer of the Company.  The Company has negotiated a payment and payoff arrangements for this debt and completed full payment in 2018. | ||||||||
Merchant Note Payable #2 [Member] | Notes Payable to Banks [Member] | |||||||||
Note 11 - Short Term Notes Payable (Details) [Line Items] | |||||||||
Debt Instrument, Face Amount | $ 43,500 | ||||||||
Debt Instrument, Interest Rate, Stated Percentage | 31.00% | ||||||||
Repayments of Debt | $ 8,650 | ||||||||
Principal Balance Outstanding | $ 26,484 | ||||||||
Debt Instrument, Maturity Date, Description | September of 2017 | ||||||||
Perfectly Green Corporation [Member] | Notes Payable, Other Payables [Member] | |||||||||
Note 11 - Short Term Notes Payable (Details) [Line Items] | |||||||||
Debt Instrument, Face Amount | $ 60,000 | ||||||||
Debt Instrument, Interest Rate, Stated Percentage | 3.00% | ||||||||
Repayments of Short-term Debt | $ 10,437 | ||||||||
Debt Instrument, Term | 60 days | ||||||||
Merchant Note Payable #3 [Member] | Notes Payable to Banks [Member] | |||||||||
Note 11 - Short Term Notes Payable (Details) [Line Items] | |||||||||
Debt Instrument, Interest Rate, Stated Percentage | 26.00% | ||||||||
Principal Balance Outstanding | $ 53,362 | ||||||||
Power Up Lending Group, LLC [Member] | Convertible Debt [Member] | |||||||||
Note 11 - Short Term Notes Payable (Details) [Line Items] | |||||||||
Number of Stock Issuances | 3 | ||||||||
Convertible Preferred Stock, Terms of Conversion | The Series C Preferred Stock is convertible into common stock after 6 months at the option of the Holder. The conversion into common stock shares is determined by the use of the lowest price of the trading common stock in a 20 day period prior to the elected date to convert. The price is determined by the discount rate of 35% of the lowest price to determine the number of shares. The Series C Preferred is classified as a liability on the Balance Sheet because it is mandatorily redeemable after its 15 month term if not fully converted by that date. | ||||||||
Short-term Debt | $ 48,680 | ||||||||
Redemption of Redstart Series C Preferred Shares #1 [Member] | Convertible Debt [Member] | |||||||||
Note 11 - Short Term Notes Payable (Details) [Line Items] | |||||||||
Conversion of Stock, Shares Converted (in Shares) | shares | 68,000 | ||||||||
Redemption of Redstart Series C Preferred Shares #2 [Member] | Convertible Debt [Member] | |||||||||
Note 11 - Short Term Notes Payable (Details) [Line Items] | |||||||||
Conversion of Stock, Shares Converted (in Shares) | shares | 73,000 | ||||||||
Redstart Holdings Corp. (“RHC”) [Member] | Power Up Lending Group, LLC [Member] | Convertible Debt [Member] | |||||||||
Note 11 - Short Term Notes Payable (Details) [Line Items] | |||||||||
Debt Instrument, Face Amount | $ 328,500 | ||||||||
Debt Instrument, Interest Rate, Stated Percentage | 8.00% | ||||||||
Private Transaction Description | Effective as of September 2, 2018 Redstart Holdings Corp. (“RHC”) acquired from Power Up Lending Group Ltd., all of the $219,000 Series C Preferred Stock of ABCO Energy, Inc. owned by Power-Up for a one year promissory note from RHC for the principal amount of $328,500 plus interest at 8% per annum pursuant to a Stock Purchase Agreement dated October 31, 2018 (“SPA”). The Company agreed to the transactions contemplated by the SPA. |
Note 11 - Short Term Notes Pa_4
Note 11 - Short Term Notes Payable (Details) - Schedule of Short-term Debt - Loans Payable [Member] - USD ($) | Dec. 31, 2018 | Dec. 31, 2017 | |
Short-term Debt [Line Items] | |||
Note payable | $ 102,925 | $ 96,338 | |
Web Bank [Member] | |||
Short-term Debt [Line Items] | |||
Note payable | [1] | 0 | 69,854 |
Quarterspot Lending [Member] | |||
Short-term Debt [Line Items] | |||
Note payable | [2] | 0 | 26,484 |
Perfectly Green Corporation [Member] | |||
Short-term Debt [Line Items] | |||
Note payable | [3] | 49,563 | 0 |
Power Up Lending Group, LLC [Member] | |||
Short-term Debt [Line Items] | |||
Note payable | $ 53,362 | $ 0 | |
[1] | On February 1, 2016, the Company financed operations with a loan in the amount of $150,000 from WebBank. The note was 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 December 31, 2017 the Company owed a settled negotiated amount of $69,854 in principal, accrued interest and settlement fees. This loan was personally guaranteed by an Officer of the Company. The Company has negotiated a payment and payoff arrangements for this debt and completed full payment in 2018. | ||
[2] | On June 27, 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, 2017, the Company ceased making payments on this loan. As of December 31, 2017, the Company owed $26,484 in principal, accrued interest and settlement fees. This loan is not personally guaranteed by an Officer of the Company. A negotiated settlement on the Quarterspot note was $8,650 plus fees. This note and the fees have been paid in full in 2018. | ||
[3] | On January 22, 2018 the Company borrowed $60,000 from Perfectly Green Corporation, a Texas corporation. The Company repaid $10,437 during the year ended December 31, 2018. The note bears interest at 3% per annum and is payable upon demand after 60 days' notice which can be requested at any time after May 31, 2018. |
Note 11 - Short Term Notes Pa_5
Note 11 - Short Term Notes Payable (Details) - Schedule of Short-term Debt (Parentheticals) - Loans Payable [Member] | 12 Months Ended |
Dec. 31, 2018USD ($) | |
Web Bank [Member] | |
Short-term Debt [Line Items] | |
Borrowed | Feb. 1, 2016 |
Interest | 23.00% |
Quarterspot Lending [Member] | |
Short-term Debt [Line Items] | |
Borrowed | Jun. 27, 2016 |
Interest | 31.00% |
Perfectly Green Corporation [Member] | |
Short-term Debt [Line Items] | |
Borrowed | Jan. 22, 2018 |
Interest | 3.00% |
Original Balance | $ 60,000 |
Power Up Lending Group, LLC [Member] | |
Short-term Debt [Line Items] | |
Borrowed | Dec. 5, 2018 |
Interest | 26.00% |
Note 11 - Short Term Notes Pa_6
Note 11 - Short Term Notes Payable (Details) - Schedule of Convertible Preferred Stock Issuances | 12 Months Ended |
Dec. 31, 2018USD ($) | |
Note 11 - Short Term Notes Payable (Details) - Schedule of Convertible Preferred Stock Issuances [Line Items] | |
Total amount sold | $ 219,000 |
Conversions during 2018 | 29,320 |
Balance on preferred stock series C liability at December 31, 2018 | $ 189,680 |
Power Up Lending Group, LTD #1 [Member] | |
Note 11 - Short Term Notes Payable (Details) - Schedule of Convertible Preferred Stock Issuances [Line Items] | |
Power Up Lending Group, LTD | May 7, 2018 |
Power Up Lending Group, LTD | Nov. 7, 2018 |
Power Up Lending Group, LTD | $ 78,000 |
Power Up Lending Group, LTD #2 [Member] | |
Note 11 - Short Term Notes Payable (Details) - Schedule of Convertible Preferred Stock Issuances [Line Items] | |
Power Up Lending Group, LTD | Jul. 6, 2018 |
Power Up Lending Group, LTD | Jan. 6, 2019 |
Power Up Lending Group, LTD | $ 68,000 |
Power Up Lending Group, LTD #3 [Member] | |
Note 11 - Short Term Notes Payable (Details) - Schedule of Convertible Preferred Stock Issuances [Line Items] | |
Power Up Lending Group, LTD | Aug. 24, 2018 |
Power Up Lending Group, LTD | Feb. 24, 2019 |
Power Up Lending Group, LTD | $ 73,000 |
Note 12 - Long term debt (Detai
Note 12 - Long term debt (Details) | Sep. 02, 2018USD ($) |
DR. Fred Air Conditioning [Member] | |
Note 12 - Long term debt (Details) [Line Items] | |
Business Combination, Consideration Transferred | $ 22,000 |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment | $ 15,000 |
Promissory Note [Member] | Purchased Automobile [Member] | President [Member] | |
Note 12 - Long term debt (Details) [Line Items] | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% |
Debt Instrument, Face Amount | $ 6,575 |
Long-term Debt, Term | 3 years |
Promissory Note [Member] | DR. Fred Air Conditioning [Member] | |
Note 12 - Long term debt (Details) [Line Items] | |
Debt Instrument, Term | 3 years |
Business Combination, Consideration Transferred, Liabilities Incurred | $ 7,000 |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% |
Debt Instrument, Periodic Payment | $ 213 |
Note 12 - Long term debt (Det_2
Note 12 - Long term debt (Details) - Schedule of Long-term Debt Instruments - Loans Payable [Member] | 12 Months Ended |
Dec. 31, 2018USD ($) | |
Debt Instrument [Line Items] | |
Long term debt, Amount due | $ 26,298 |
Less Current portion | 7,628 |
Total long-term debt | $ 18,670 |
Ascentium Capital [Member] | |
Debt Instrument [Line Items] | |
Long term debt, Date issued | Oct. 1, 2018 |
Long term debt, Interest rate | 13.00% |
Long term debt, Amount due | $ 14,285 |
Fredrick Donze [Member] | |
Debt Instrument [Line Items] | |
Long term debt, Date issued | Sep. 2, 2018 |
Long term debt, Interest rate | 6.00% |
Long term debt, Amount due | $ 6,283 |
Debt with Charles O’Dowd (officer) [Member] | |
Debt Instrument [Line Items] | |
Long term debt, Date issued | Aug. 9, 2018 |
Long term debt, Interest rate | 6.00% |
Long term debt, Amount due | $ 5,731 |
Note 13 - Convertible Debt an_3
Note 13 - Convertible Debt and Derivative Valuation (Details) - USD ($) | Jan. 17, 2018 | Apr. 16, 2019 | Apr. 16, 2018 | Dec. 31, 2018 | Dec. 31, 2017 |
Note 13 - Convertible Debt and Derivative Valuation (Details) [Line Items] | |||||
Debt Conversion, Original Debt, Amount | $ 29,320 | ||||
Value of Derivatives at Issuance | 74,848 | $ 175,703 | |||
Power Up Lending Group, LLC [Member] | Convertible Debt [Member] | |||||
Note 13 - Convertible Debt and Derivative Valuation (Details) [Line Items] | |||||
Short-term Debt | $ 48,680 | ||||
Convertible Debt [Member] | |||||
Note 13 - Convertible Debt and Derivative Valuation (Details) [Line Items] | |||||
Convertible Notes Payable | 187,236 | ||||
Convertible Debt [Member] | Power Up Lending Group, LLC [Member] | |||||
Note 13 - Convertible Debt and Derivative Valuation (Details) [Line Items] | |||||
Debt Conversion, Original Debt, Amount | $ 59,815 | ||||
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 2,556,528 | ||||
Redemption of Redstart Series C Preferred Shares #1 [Member] | Convertible Debt [Member] | |||||
Note 13 - Convertible Debt and Derivative Valuation (Details) [Line Items] | |||||
Conversion of Stock, Shares Converted (in Shares) | 68,000 | ||||
Redemption of Redstart Series C Preferred Shares #1 [Member] | Subsequent Event [Member] | Convertible Debt [Member] | |||||
Note 13 - Convertible Debt and Derivative Valuation (Details) [Line Items] | |||||
Conversion of Stock, Shares Converted (in Shares) | 68,000 | ||||
Redemption of Redstart Series C Preferred Shares #2 [Member] | Convertible Debt [Member] | |||||
Note 13 - Convertible Debt and Derivative Valuation (Details) [Line Items] | |||||
Conversion of Stock, Shares Converted (in Shares) | 73,000 | ||||
Redemption of Redstart Series C Preferred Shares #2 [Member] | Subsequent Event [Member] | Convertible Debt [Member] | |||||
Note 13 - Convertible Debt and Derivative Valuation (Details) [Line Items] | |||||
Conversion of Stock, Shares Converted (in Shares) | 73,000 | ||||
Debt Conversion #1 [Member] | Convertible Debt [Member] | |||||
Note 13 - Convertible Debt and Derivative Valuation (Details) [Line Items] | |||||
Debt Conversion, Original Debt, Amount | $ 14,575 | ||||
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 12,500,000 | ||||
Convertible Notes Payable | $ 78,150 |
Note 13 - Convertible Debt an_4
Note 13 - Convertible Debt and Derivative Valuation (Details) - Convertible Debt - Convertible Debt [Member] - USD ($) | Jan. 17, 2018 | Dec. 31, 2018 | Dec. 31, 2017 |
Note 13 - Convertible Debt and Derivative Valuation (Details) - Convertible Debt [Line Items] | |||
Loan amount | $ 219,000 | $ 203,000 | |
OID discounts and fees | 9,000 | 8,000 | |
Balance | $ 189,680 | 189,546 | |
Debt discount on derivatives | 2,310 | ||
Net total debentures | $ 187,236 | ||
Blackbridge [Member] | |||
Note 13 - Convertible Debt and Derivative Valuation (Details) - Convertible Debt [Line Items] | |||
Date of loan | Nov. 2, 2016 | ||
Loan amount | $ 100,000 | ||
OID discounts and fees | $ 0 | ||
Interest rate | 0.00% | ||
Conversions into shares (in Shares) | 12,500,000 | 5,419,670 | |
Conversion dollars | $ 14,575 | $ 110,270 | |
Balance | $ 92,525 | ||
Crown Bridge Partners, LLC [Member] | |||
Note 13 - Convertible Debt and Derivative Valuation (Details) - Convertible Debt [Line Items] | |||
Date of loan | Jan. 11, 2017 | ||
Loan amount | $ 45,000 | ||
OID discounts and fees | $ 5,000 | ||
Interest rate | 5.00% | ||
Conversions into shares (in Shares) | 2,447,952 | ||
Conversion dollars | $ 57,339 | ||
Balance | $ 39,021 | ||
Power Up Lending Group, LLC [Member] | |||
Note 13 - Convertible Debt and Derivative Valuation (Details) - Convertible Debt [Line Items] | |||
Date of loan | Nov. 11, 2017 | ||
Loan amount | $ 58,000 | ||
OID discounts and fees | $ 3,000 | ||
Interest rate | 8.00% | ||
Conversions into shares (in Shares) | 2,556,528 | ||
Conversion dollars | $ 59,815 | ||
Balance | $ 58 | ||
Power Up Lending Group, LTD #1 [Member] | |||
Note 13 - Convertible Debt and Derivative Valuation (Details) - Convertible Debt [Line Items] | |||
Date of loan | May 7, 2018 | ||
Loan amount | $ 78,000 | ||
OID discounts and fees | $ 3,000 | ||
Interest rate | 8.00% | ||
Conversions into shares (in Shares) | 6,056,000 | ||
Conversion dollars | $ 29,320 | ||
Balance | $ 48,680 | ||
Power Up Lending Group, LTD #2 [Member] | |||
Note 13 - Convertible Debt and Derivative Valuation (Details) - Convertible Debt [Line Items] | |||
Date of loan | Jul. 6, 2018 | ||
Loan amount | $ 68,000 | ||
OID discounts and fees | $ 3,000 | ||
Interest rate | 8.00% | ||
Balance | $ 68,000 | ||
Power Up Lending Group, LTD #3 [Member] | |||
Note 13 - Convertible Debt and Derivative Valuation (Details) - Convertible Debt [Line Items] | |||
Date of loan | Aug. 24, 2018 | ||
Loan amount | $ 73,000 | ||
OID discounts and fees | $ 3,000 | ||
Interest rate | 8.00% | ||
Balance | $ 73,000 |
Note 14 - Convertible Debt an_3
Note 14 - Convertible Debt and Derivative Liabilities on Other Notes (Details) | Mar. 19, 2019USD ($) | Feb. 25, 2019USD ($) | Feb. 22, 2019USD ($)shares | Feb. 16, 2019USD ($) | Jan. 31, 2019USD ($)shares | Jan. 17, 2018USD ($)shares | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($)shares |
Note 14 - Convertible Debt and Derivative Liabilities on Other Notes (Details) [Line Items] | ||||||||
Debt Conversion, Original Debt, Amount | $ 29,320 | |||||||
Notes Payable, Current | 49,563 | $ 0 | ||||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Issues | 74,848 | 175,703 | ||||||
Redemption of Redstart Series C Preferred Shares #2 [Member] | Subsequent Event [Member] | Convertible Debt [Member] | ||||||||
Note 14 - Convertible Debt and Derivative Liabilities on Other Notes (Details) [Line Items] | ||||||||
Conversion of Stock, Shares Converted (in Shares) | shares | 68,000 | |||||||
Payments for Repurchase of Redeemable Preferred Stock | $ 101,810.55 | |||||||
Redemption of Redstart Series C Preferred Shares #1 [Member] | Subsequent Event [Member] | ||||||||
Note 14 - Convertible Debt and Derivative Liabilities on Other Notes (Details) [Line Items] | ||||||||
Payments for Repurchase of Redeemable Preferred Stock | $ 51,145 | |||||||
Redemption of Redstart Series C Preferred Shares #1 [Member] | Subsequent Event [Member] | Convertible Debt [Member] | ||||||||
Note 14 - Convertible Debt and Derivative Liabilities on Other Notes (Details) [Line Items] | ||||||||
Conversion of Stock, Shares Converted (in Shares) | shares | 73,000 | |||||||
Payments for Repurchase of Redeemable Preferred Stock | $ 106,144.92 | |||||||
Future Receivable Sale Agreement with Knight Capital Funding [Member] | Subsequent Event [Member] | ||||||||
Note 14 - Convertible Debt and Derivative Liabilities on Other Notes (Details) [Line Items] | ||||||||
Debt Instrument, Face Amount | $ 153,092 | |||||||
Proceeds from Issuance of Debt | $ 104,500 | |||||||
Debt Instrument, Number of Payments | 154 | |||||||
Debt Instrument, Periodic Payment | $ 994 | |||||||
Power Up Lending Group, LTD #4 [Member] | Subsequent Event [Member] | Convertible Debt [Member] | ||||||||
Note 14 - Convertible Debt and Derivative Liabilities on Other Notes (Details) [Line Items] | ||||||||
Debt Instrument, Face Amount | $ 55,000 | |||||||
Original Issue Discount | 10,000 | |||||||
Payments of Debt Issuance Costs | $ 3,000 | |||||||
Debt Conversion, Description | The Note is convertible into Company common stock beginning six months after the Effective Date with an effective discount rate of approximately 20%. The OID on this issue that is paid out of proceeds allows a lower purchase price if the Company purchases this liability. | |||||||
Power Up Lending Group, LTD #5 [Member] | Subsequent Event [Member] | Convertible Debt [Member] | ||||||||
Note 14 - Convertible Debt and Derivative Liabilities on Other Notes (Details) [Line Items] | ||||||||
Debt Instrument, Face Amount | $ 55,000 | |||||||
Original Issue Discount | 10,000 | |||||||
Payments of Debt Issuance Costs | $ 3,000 | |||||||
Debt Conversion, Description | The Note is convertible into Company common stock beginning six months after the Effective Date with an effective discount rate of approximately 20%. | |||||||
Convertible Debt [Member] | ||||||||
Note 14 - Convertible Debt and Derivative Liabilities on Other Notes (Details) [Line Items] | ||||||||
Debt Instrument, Face Amount | 219,000 | 203,000 | ||||||
Original Issue Discount | 9,000 | 8,000 | ||||||
Convertible Debt [Member] | Blackbridge [Member] | ||||||||
Note 14 - Convertible Debt and Derivative Liabilities on Other Notes (Details) [Line Items] | ||||||||
Debt Instrument, Face Amount | 100,000 | |||||||
Debt Conversion, Original Debt, Amount | $ 14,575 | $ 110,270 | ||||||
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | shares | 12,500,000 | 5,419,670 | ||||||
Notes Payable, Current | 78,150 | |||||||
Original Issue Discount | $ 0 | |||||||
Convertible Debt [Member] | Power Up Lending Group, LLC [Member] | ||||||||
Note 14 - Convertible Debt and Derivative Liabilities on Other Notes (Details) [Line Items] | ||||||||
Debt Instrument, Face Amount | 58,000 | |||||||
Debt Conversion, Original Debt, Amount | $ 59,815 | |||||||
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | shares | 2,556,528 | |||||||
Original Issue Discount | $ 3,000 | |||||||
Embedded Derivative Financial Instruments [Member] | ||||||||
Note 14 - Convertible Debt and Derivative Liabilities on Other Notes (Details) [Line Items] | ||||||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Issues | 78,000 | |||||||
Embedded Derivative Financial Instruments [Member] | Power Up Lending Group, LLC [Member] | ||||||||
Note 14 - Convertible Debt and Derivative Liabilities on Other Notes (Details) [Line Items] | ||||||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Issues | $ 78,000 | |||||||
Securities Purchase Agreement [Member] | ||||||||
Note 14 - Convertible Debt and Derivative Liabilities on Other Notes (Details) [Line Items] | ||||||||
Common Stock Authorized to be Sold, Value | 5,000,000 | |||||||
Securities Purchase Agreement [Member] | Note Issued as Commitment Fee [Member] | ||||||||
Note 14 - Convertible Debt and Derivative Liabilities on Other Notes (Details) [Line Items] | ||||||||
Debt Instrument, Face Amount | 150,000 | |||||||
Securities Purchase Agreement [Member] | Convertible Debt [Member] | ||||||||
Note 14 - Convertible Debt and Derivative Liabilities on Other Notes (Details) [Line Items] | ||||||||
Debt Instrument, Face Amount | $ 100,000 |
Note 14 - Convertible Debt an_4
Note 14 - Convertible Debt and Derivative Liabilities on Other Notes (Details) - Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation - Embedded Derivative Financial Instruments [Member] | 12 Months Ended |
Dec. 31, 2018USD ($) | |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |
Purchase price of the convertible debenture | $ 78,000 |
Valuation premium on note during 2018 | 3,152 |
Derivative calculations and presentations on the Statement of Operations | |
Loss on note issuance | 36,230 |
Change in Derivative (Gain) Loss | 61,251 |
Derivative Finance fees | 33,018 |
Gain (loss) on extinguishment of debt | (410,157) |
Derivative valuation and expense charged to operations in 2018 (See Consolidated Statement of Operations) | (418,154) |
Blackbridge [Member] | |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |
Balance of derivative liability net of discount on the notes (See Consolidated Balance sheet liabilities) | $ 74,848 |
Note 15 - Stockholder's Equity
Note 15 - Stockholder's Equity (Details) - USD ($) | Sep. 28, 2018 | Sep. 15, 2018 | Dec. 31, 2018 | Dec. 31, 2017 |
Note 15 - Stockholder's Equity (Details) [Line Items] | ||||
Debt Conversion, Original Debt, Amount (in Dollars) | $ 29,320 | |||
Stock Issued During Period, Shares, Issued for Services | 369,599 | |||
Stock Issued During Period, Value, Issued for Services (in Dollars) | $ 10,000 | $ 10,000 | ||
Stock Issued During Period, Shares, Restricted Stock Award, Gross | 1,350,000 | |||
Stock Issued During Period, Value, Restricted Stock Award, Gross (in Dollars) | $ 27,000 | |||
Stock Issued During Period, Value, New Issues (in Dollars) | 288,947 | $ 242,346 | ||
Preferred Stock, Conversion Basis | The holders of the Preferred are also entitled to an additional 300,000,000 common shares upon conversion of the Preferred Stock. | |||
Commission and Expense Reimbursement [Member] | ||||
Note 15 - Stockholder's Equity (Details) [Line Items] | ||||
Payments of Stock Issuance Costs (in Dollars) | 293,720 | |||
All Debt Conversions for Year [Member] | ||||
Note 15 - Stockholder's Equity (Details) [Line Items] | ||||
Payments of Stock Issuance Costs (in Dollars) | $ 39,176 | |||
Debt Conversion, Converted Instrument, Shares Issued | 16,767,650 | |||
Debt Conversion, Original Debt, Amount (in Dollars) | $ 256,742 | |||
Convertible Preferred Stock [Member] | ||||
Note 15 - Stockholder's Equity (Details) [Line Items] | ||||
Stock Issued During Period, Shares, New Issues | 15,000,000 | |||
Stock Issued During Period, Value, New Issues (in Dollars) | $ 30,000 | |||
Preferred Stock, Par or Stated Value Per Share (in Dollars per share) | $ 0.001 | |||
Preferred Stock, Voting Rights | each with has 20 votes for each Preferred share held by them of record | |||
Convertible Preferred Stock [Member] | Chief Executive Officer [Member] | ||||
Note 15 - Stockholder's Equity (Details) [Line Items] | ||||
Stock Issued During Period, Shares, New Issues | 12,000,000 | |||
Convertible Preferred Stock [Member] | Director [Member] | ||||
Note 15 - Stockholder's Equity (Details) [Line Items] | ||||
Stock Issued During Period, Shares, New Issues | 2,000,000 | |||
Series B Preferred Stock [Member] | ||||
Note 15 - Stockholder's Equity (Details) [Line Items] | ||||
Stock Issued During Period, Value, New Issues (in Dollars) | $ 15,000 | |||
Preferred Stock, Par or Stated Value Per Share (in Dollars per share) | $ 0.001 | $ 0.001 | ||
Series B Preferred Stock [Member] | Officer and Director [Member] | ||||
Note 15 - Stockholder's Equity (Details) [Line Items] | ||||
Stock Issued During Period, Shares, New Issues | 30,000,000 | |||
Non-US Investors [Member] | ||||
Note 15 - Stockholder's Equity (Details) [Line Items] | ||||
Stock Issued During Period, Shares, New Issues | 6,162,119 | |||
Proceeds from Issuance or Sale of Equity (in Dollars) | $ 583,536 | |||
Payments of Stock Issuance Costs (in Dollars) | $ 417,217 | |||
Proceeds from the Sale of Equity, Net (in Dollars) | 250,641 | |||
Non-US Investors [Member] | Commission and Expense Reimbursement [Member] | ||||
Note 15 - Stockholder's Equity (Details) [Line Items] | ||||
Payments of Stock Issuance Costs (in Dollars) | $ 293,720 | |||
Delivered to Consultant [Member] | Series B Preferred Stock [Member] | ||||
Note 15 - Stockholder's Equity (Details) [Line Items] | ||||
Stock Issued During Period, Shares, New Issues | 30,000,000 | |||
Delivered to Each Consultant [Member] | Convertible Preferred Stock [Member] | ||||
Note 15 - Stockholder's Equity (Details) [Line Items] | ||||
Stock Issued During Period, Shares, New Issues | 8,000,000 |
Note 16 - Other Matters (Detail
Note 16 - Other Matters (Details) - USD ($) | Sep. 01, 2018 | Nov. 08, 2017 | Dec. 31, 2016 | Nov. 30, 2016 | Nov. 07, 2016 | Jan. 31, 2018 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Note 16 - Other Matters (Details) [Line Items] | |||||||||
Proceeds from Issuance of Common Stock | $ 250,641 | $ 255,373 | |||||||
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs | $ 39,176 | 55,711 | |||||||
Stock Issued During Period, Shares, Issued for Services (in Shares) | 369,599 | ||||||||
Stock Issued During Period, Value, Issued for Services | $ 10,000 | 10,000 | |||||||
Stock Issued During Period, Value, New Issues | $ 288,947 | 242,346 | |||||||
Stock Issued During Period, Shares, Share-based Compensation, Gross (in Shares) | 1,350,000 | ||||||||
Stock Issued During Period, Value, Share-based Compensation, Gross | $ 27,000 | ||||||||
Chief Executive Officer [Member] | |||||||||
Note 16 - Other Matters (Details) [Line Items] | |||||||||
Stock Issued During Period, Shares, Share-based Compensation, Gross (in Shares) | 45,000 | ||||||||
Director [Member] | |||||||||
Note 16 - Other Matters (Details) [Line Items] | |||||||||
Stock Issued During Period, Shares, Share-based Compensation, Gross (in Shares) | 50,000 | ||||||||
Commission and Expense Reimbursement [Member] | |||||||||
Note 16 - Other Matters (Details) [Line Items] | |||||||||
Payments of Stock Issuance Costs | $ 293,720 | ||||||||
Legal and Administrative Expense [Member] | |||||||||
Note 16 - Other Matters (Details) [Line Items] | |||||||||
Payments of Stock Issuance Costs | $ 39,176 | ||||||||
Stock Subscriptions [Member] | |||||||||
Note 16 - Other Matters (Details) [Line Items] | |||||||||
Stock Subcriptions, Term | 1 year | ||||||||
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs | $ 0 | 0 | |||||||
Interest Expense, Other | 0 | 0 | |||||||
Dividends Payable | $ 49,290 | $ 49,290 | |||||||
Stock Subscriptions [Member] | Minimum [Member] | |||||||||
Note 16 - Other Matters (Details) [Line Items] | |||||||||
Stock Subscriptions, Dividend Rate | 6.00% | ||||||||
Stock Subscriptions [Member] | Maximum [Member] | |||||||||
Note 16 - Other Matters (Details) [Line Items] | |||||||||
Stock Subscriptions, Dividend Rate | 12.00% | ||||||||
Consulting Agreement with Joshua Tyrell [Member] | |||||||||
Note 16 - Other Matters (Details) [Line Items] | |||||||||
Stock Issued During Period, Shares, Issued for Services (in Shares) | 75,000 | 250,000 | 315,000 | ||||||
Deferred Compensation Arrangement with Individual, Maximum Contractual Term | 6 months | 12 months | |||||||
Stock Issued During Period, Value, Issued for Services | $ 91,600 | ||||||||
Security Purchase Agreement with Blackbridge Capital, LLC [Member] | |||||||||
Note 16 - Other Matters (Details) [Line Items] | |||||||||
Stock Issued During Period, Value, New Issues | 5,000,000 | ||||||||
Line of Credit Facility, Commitment Fee Amount | 150,000 | ||||||||
Debt Instrument, Face Amount | $ 100,000 | $ 100,000 | |||||||
Consulting Agreement with Eurasian Capital [Member] | |||||||||
Note 16 - Other Matters (Details) [Line Items] | |||||||||
Stock Issued During Period, Shares, New Issues (in Shares) | 369,599 | ||||||||
Stock Issued During Period, Shares, Issued for Services (in Shares) | 161,271 | 198,413 | |||||||
Deferred Compensation Arrangement with Individual, Maximum Contractual Term | 9 months | ||||||||
Line of Credit Facility, Description | $10,000 | ||||||||
Equity Purchase Agreement with Oasis Capital [Member] | |||||||||
Note 16 - Other Matters (Details) [Line Items] | |||||||||
Stock Issued During Period, Shares, New Issues (in Shares) | 5,000,000 | ||||||||
Debt Instrument, Face Amount | $ 150,000 | ||||||||
Stock Issued, Price Per Share | price equal to 85% of the market price at the time of purchase | ||||||||
Debt Instrument, Term | 1 year | ||||||||
Consultants [Member] | |||||||||
Note 16 - Other Matters (Details) [Line Items] | |||||||||
Stock Issued During Period, Shares, Share-based Compensation, Gross (in Shares) | 850,000 | ||||||||
Non-US Investors [Member] | |||||||||
Note 16 - Other Matters (Details) [Line Items] | |||||||||
Stock Issued During Period, Shares, New Issues (in Shares) | 6,162,119 | ||||||||
Proceeds from Issuance or Sale of Equity | $ 583,536 | ||||||||
Payments of Stock Issuance Costs | $ 417,217 | ||||||||
Proceeds from the Sale of Equity, Net | 250,641 | ||||||||
Proceeds from Issuance of Common Stock, Gross | 686,731 | ||||||||
Proceeds from Issuance of Common Stock | $ 269,514 | ||||||||
Non-US Investors [Member] | Commission and Expense Reimbursement [Member] | |||||||||
Note 16 - Other Matters (Details) [Line Items] | |||||||||
Payments of Stock Issuance Costs | $ 293,720 | ||||||||
Non-US Investors [Member] | Post Reverse Split [Member] | |||||||||
Note 16 - Other Matters (Details) [Line Items] | |||||||||
Stock Issued During Period, Shares, New Issues (in Shares) | 4,739,123 | ||||||||
Post Reverse Split [Member] | Consulting Agreement with Joshua Tyrell [Member] | |||||||||
Note 16 - Other Matters (Details) [Line Items] | |||||||||
Stock Issued During Period, Shares, Issued for Services (in Shares) | 640,000 |
Note 17 - Subsequent Events (De
Note 17 - Subsequent Events (Details) - USD ($) | Mar. 19, 2019 | Feb. 22, 2019 | Feb. 16, 2019 | Jan. 31, 2019 | Apr. 15, 2019 | Dec. 31, 2018 |
Note 17 - Subsequent Events (Details) [Line Items] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights | All options vest 20% per year beginning on the first anniversary of their grant date. | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number (in Shares) | 1,620,000 | |||||
Subsequent Event [Member] | ||||||
Note 17 - Subsequent Events (Details) [Line Items] | ||||||
Stock Issued During Period, Shares, New Issues (in Shares) | 4,710,000 | |||||
Proceeds from Issuance or Sale of Equity | $ 158,835 | |||||
Payments of Stock Issuance Costs | 81,572 | |||||
Proceeds from the Sale of Equity, Net | $ 77,263 | |||||
Subsequent Event [Member] | Redemption of Redstart Series C Preferred Shares #2 [Member] | Convertible Debt [Member] | ||||||
Note 17 - Subsequent Events (Details) [Line Items] | ||||||
Conversion of Stock, Shares Converted (in Shares) | 68,000 | |||||
Payments for Repurchase of Redeemable Preferred Stock | $ 101,810.55 | |||||
Subsequent Event [Member] | Redemption of Redstart Series C Preferred Shares #1 [Member] | ||||||
Note 17 - Subsequent Events (Details) [Line Items] | ||||||
Payments for Repurchase of Redeemable Preferred Stock | $ 51,145 | |||||
Subsequent Event [Member] | Redemption of Redstart Series C Preferred Shares #1 [Member] | Convertible Debt [Member] | ||||||
Note 17 - Subsequent Events (Details) [Line Items] | ||||||
Conversion of Stock, Shares Converted (in Shares) | 73,000 | |||||
Payments for Repurchase of Redeemable Preferred Stock | $ 106,144.92 | |||||
Subsequent Event [Member] | Power Up Lending Group, LTD #4 [Member] | Convertible Debt [Member] | ||||||
Note 17 - Subsequent Events (Details) [Line Items] | ||||||
Debt Instrument, Face Amount | $ 55,000 | |||||
Original Issue Discount | 10,000 | |||||
Payments of Debt Issuance Costs | $ 3,000 | |||||
Debt Conversion, Description | The Note is convertible into Company common stock beginning six months after the Effective Date with an effective discount rate of approximately 20%. The OID on this issue that is paid out of proceeds allows a lower purchase price if the Company purchases this liability. | |||||
Subsequent Event [Member] | Power Up Lending Group, LTD #6 [Mbt instrument.mber] | Convertible Debt [Member] | ||||||
Note 17 - Subsequent Events (Details) [Line Items] | ||||||
Debt Instrument, Face Amount | $ 55,000 | |||||
Original Issue Discount | 10,000 | |||||
Payments of Debt Issuance Costs | $ 3,000 | |||||
Debt Conversion, Description | The Note is convertible into Company common stock beginning six months after the Effective Date with an effective discount rate of approximately 35%. | |||||
Debt Instrument, Convertible, Terms of Conversion Feature | The Note is convertible into Company common stock beginning six months after the Effective Date with an effective discount rate of approximately 19%. |
Note 17 - Subsequent Events (_2
Note 17 - Subsequent Events (Details) - Share-based Compensation, Activity shares in Millions | 12 Months Ended | |
Dec. 31, 2018$ / sharesshares | ||
Chief Executive Officer [Member] | ||
Note 17 - Subsequent Events (Details) - Share-based Compensation, Activity [Line Items] | ||
Number of securities underlying unexercised options exercisable | 500,000 | [1] |
Number of securities underlying unexercised options un-exercisable | 0 | [2] |
Option Exercise Price | $ / shares | $ 0.001 | |
Option Grant Date | 01/01/2017 | |
Option Expiration Date | Jan. 1, 2021 | |
Director [Member] | ||
Note 17 - Subsequent Events (Details) - Share-based Compensation, Activity [Line Items] | ||
Number of securities underlying unexercised options exercisable | 500,000 | [1] |
Number of securities underlying unexercised options un-exercisable | 0 | [2] |
Option Exercise Price | $ / shares | $ 0.001 | |
Option Grant Date | 01/012017 | |
Option Expiration Date | Jan. 1, 2021 | |
[1] | No Equity Awards were issued during the year ended December 31, 2018. | |
[2] | All options vest 20% per year beginning on the first anniversary of their grant date. |