Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Mar. 31, 2019 | Jul. 02, 2019 | |
Document And Entity Information | ||
Entity Registrant Name | GREENKRAFT, INC. | |
Entity Central Index Key | 0001398529 | |
Document Type | 10-Q | |
Document Period End Date | Mar. 31, 2019 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Entity's Reporting Status Current | No | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business Flag | true | |
Entity Emerging Growth Company | false | |
Entity Ex Transition Period | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 103,102,718 | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2019 |
Condensed Balance Sheets
Condensed Balance Sheets - USD ($) | Mar. 31, 2019 | Dec. 31, 2018 |
Current Assets | ||
Cash | $ 519,453 | $ 23,876 |
Accounts receivable, net of allowance for doubtful account of $0 | 3,600 | 3,600 |
Inventories, net | 1,649,094 | 1,806,056 |
Right of use asset - current | 118,032 | |
Total Current Assets | 2,290,179 | 1,833,532 |
Right of Use asset - Long Term | 177,048 | |
Property and equipment, net | 151,647 | 154,383 |
Total Non- Current Assets | 328,695 | 154,383 |
Total Assets | 2,618,874 | 1,987,915 |
Current Liabilities | ||
Accounts payable | 17,104 | 3,399 |
Accounts payable - related party | 280,000 | 250,000 |
Accrued liabilities | 114,679 | 111,745 |
Deferred income | 469,955 | 475,995 |
Convertible notes payable | 3,500 | 5,500 |
Other liabilities | 75,000 | 75,000 |
Short term debt CEC | 240,000 | 240,000 |
Short term debt related party | 100,000 | |
Lease Liability - current | 120,000 | |
Deferred rent- current | 831 | |
Total Current Liabilities | 1,420,238 | 1,162,470 |
Non-Current Liabilities | ||
Deferred rent - net of current | 8,000 | |
Lease Liability- Long Term | 180,000 | |
Long term loan - related party | 1,901,916 | 1,901,916 |
Long term debt CEC | 623,980 | 704,000 |
Total Non-Current Liabilities | 3,522,230 | 3,430,250 |
Total Liabilities | 4,942,468 | 4,592,720 |
Commitments and Contingencies | ||
Shareholders' Deficit | ||
Common Stock, 400,000,000 shares authorized, 105,102,718 and 105,102,718 shares issued and outstanding, respectively | 105,103 | 105,103 |
Additional Paid-In Capital | 4,812,777 | 4,812,778 |
Accumulated Deficit | (7,241,474) | (7,522,686) |
Total Stockholders' Deficit | (2,323,594) | (2,604,805) |
Total Liabilities and Stockholders' Deficit | 2,618,874 | 1,987,915 |
Defiance [Member] | ||
Non-Current Liabilities | ||
Long term loan - related party | 285,389 | 285,389 |
FWP [Member] | ||
Non-Current Liabilities | ||
Long term loan - related party | 525,000 | 525,000 |
CEE [Member] | ||
Non-Current Liabilities | ||
Long term loan - related party | $ 5,945 | $ 5,945 |
Condensed Balance Sheets (Paren
Condensed Balance Sheets (Parenthetical) - USD ($) | Mar. 31, 2019 | Dec. 31, 2018 |
Statement of Financial Position [Abstract] | ||
Allowance for doubtful account | $ 0 | $ 0 |
Common stock, shares authorized | 400,000,000 | 400,000,000 |
Common stock, shares issued | 105,102,718 | 105,102,718 |
Common stock, shares outstanding | 105,102,718 | 105,102,718 |
Condensed Statements of Operati
Condensed Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Income Statement [Abstract] | ||
Revenue | $ 624,271 | $ 111,576 |
Cost of revenue | 240,005 | 95,095 |
Gross Profit | 384,266 | 16,481 |
Costs and expenses: | ||
Selling, general and administrative | 55,365 | 67,410 |
Payroll Expenses | 21,601 | 48,167 |
Rent | 26,089 | 30,000 |
Total costs and expenses | 103,055 | 145,577 |
Income (Loss) from operations | 281,211 | (129,095) |
Net Income / (Loss) | $ 281,211 | $ (129,095) |
Basic income (loss) per share | $ 0 | $ 0 |
Weighted average number of common shares outstanding- Basic | 105,103,718 | 104,569,385 |
Diluted Income per share | $ 0 | |
Weighted average number of common shares outstanding- Diluted | 108,602,718 |
Condensed Statement of Changes
Condensed Statement of Changes in Stockholders' Deficit (Unaudited) - USD ($) | Common Stock [Member] | Additional Paid-In Capital [Member] | Accumulated Deficit [Member] | Total |
Balance at Dec. 31, 2017 | $ 103,103 | $ 4,105,577 | $ (6,829,745) | $ (2,621,065) |
Balance, shares at Dec. 31, 2017 | 103,102,718 | |||
Shares issued on conversion of debt | $ 2,000 | 182,200 | 184,200 | |
Shares issued on conversion of debt, shares | 2,000,000 | |||
Net income loss | (129,095) | (129,095) | ||
Balance at Mar. 31, 2018 | $ 105,103 | 4,287,777 | (6,958,840) | (2,565,960) |
Balance, shares at Mar. 31, 2018 | 105,102,718 | |||
Net income loss | (79,976) | (79,976) | ||
Balance at Jun. 30, 2018 | $ 105,103 | 4,287,777 | (7,038,816) | (2,645,936) |
Balance, shares at Jun. 30, 2018 | 105,102,718 | |||
Net income loss | (111,587) | (111,587) | ||
Balance at Sep. 30, 2018 | $ 105,103 | 4,287,777 | (7,150,403) | (2,757,523) |
Balance, shares at Sep. 30, 2018 | 105,102,718 | |||
Forgiveness of debt | 525,000 | 525,000 | ||
Net income loss | (372,281) | (372,281) | ||
Balance at Dec. 31, 2018 | $ 105,103 | 4,812,777 | (7,522,684) | (2,604,805) |
Balance, shares at Dec. 31, 2018 | 105,102,718 | |||
Net income loss | 281,211 | 281,211 | ||
Balance at Mar. 31, 2019 | $ 105,103 | $ 4,812,777 | $ (7,241,473) | $ (2,323,594) |
Balance, shares at Mar. 31, 2019 | 105,102,718 |
Condensed Statement of Cash Flo
Condensed Statement of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |||
Mar. 31, 2019 | Dec. 31, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | |
Operating Activities: | ||||
Net Income (loss) | $ 281,211 | $ (372,281) | $ (79,976) | $ (129,095) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||||
Shared based compensation | ||||
Depreciation expense | 2,735 | 2,735 | ||
Change in operating assets and liabilities | ||||
Inventory | (515,660) | |||
Prepaid Inventory | 156,962 | 468,043 | ||
Right of use asset, current | (118,032) | |||
Right of use asset, long term | (177,048) | |||
Accounts payable | 13,705 | 89,339 | ||
Accounts payable- related party | 30,000 | 30,000 | ||
Deferred income | (6,040) | |||
Accrued Liabilities | 2,934 | (3,185) | ||
Deferred Rent | (8,831) | |||
Long term debt CEC | (80,019) | (40,000) | ||
Lease Liability, current | 120,000 | |||
Lease Liability, Long term | 180,000 | |||
Net cash provided by (used in) Operating activities | 397,577 | (97,823) | ||
Financing Activities: | ||||
Borrowings from line of credit - related party | 100,000 | 100,000 | ||
Payments on convertible note | (2,000) | |||
Net cash provided by (used in) financing activities | 98,000 | 100,000 | ||
Net increase in cash | 495,577 | 2,177 | ||
Cash, Beginning of period | 23,876 | $ 20,516 | 18,339 | |
Cash, End of period | 519,453 | $ 23,876 | 20,516 | |
Cash paid for interest | ||||
Cash paid for income taxes | ||||
non-cash finance and investing activities: | ||||
Shares issued for debt conversion | $ 184,200 |
Basis of Presentation
Basis of Presentation | 3 Months Ended |
Mar. 31, 2019 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Basis of Presentation | NOTE 1 – BASIS OF PRESENTATION The included (a) condensed balance sheet as of December 31, 2018, which has been derived from audited financial statements, and (b) the unaudited condensed financial statements as of March 31, 2019 and 2018, have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission (“SEC”), and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s December 31, 2018 Form 10-K on May 10, 2019. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for future quarters or for the full year. Notes to the condensed financial statements which substantially duplicate the disclosure contained in the financial statements as reported in the Annual Report on Form 10-K for the year ended December 31, 2018 as filed on May 10, 2019 have been omitted. The accompanying condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and include all adjustments necessary for the fair presentation of the Company’s financial position for the periods presented. The Company currently operates in one business segment. The Company is not organized by market and is managed and operated as one business. A single management team reports to the chief operating decision maker, the Chief Executive Officer, who comprehensively manages the entire business. The Company does not currently operate any separate lines of businesses or separate business entities. Recently issued accounting pronouncements Leases FASB ASU 2016-02 Leases (Topic 842) – The Company is using the transition relief provided by the Financial Accounting Standards Board (FASB) for ASU 2016-02 at their November 29, 2017 meeting related to applying ASC 840 for comparative periods, providing the disclosures required by ASC 840 for the comparative periods and recognizing the effects of applying ASC 842 as a cumulative-effect adjustment to retained earnings as of January 1, 2019. The Company believes that other recently issued accounting pronouncements and other authoritative guidance for which the effective date is in the future either will not have an impact on its accounting or reporting or that such impact will not be material to its financial position, results of operations and cash flows when implemented. |
Significant Accounting Policies
Significant Accounting Policies and Practices | 3 Months Ended |
Mar. 31, 2019 | |
Accounting Policies [Abstract] | |
Significant Accounting Policies and Practices | NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES AND PRACTICES Reclassifications Use of estimates Fair Value Measurements The Company evaluates its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported in the condensed consolidated statements of operations. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. Derivative instrument liabilities are classified in the balance sheet as current or non-current based on whether or not net-cash settlement of the derivative instrument could be required within 12 months of the balance sheet date. Fair Value of Financial Instrument s As required by the Fair Value Measurements and Disclosures Topic of the FASB ASC 820, fair value is measured based on a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows: Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; Level 2: Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; and Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity). Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of March 31, 2019 and December 31, 2018. The respective carrying value of certain on-balance-sheet financial instruments approximate their fair values. These financial instruments include cash, prepaid expenses and accounts payable. Fair values were assumed to approximate carrying values for cash and payables because they are short term in nature and their carrying amounts approximate fair values or they are payable on demand except as noted in the table shown below. The following table summarize items measured at fair market value during the period ended March 31, 2019: Level 1 Level 2 Level 3 Total Lease $ - $ - $ 300,000 $ 300,000 Total $ - $ - $ 300,000 $ 300,000 Concentration of credit risk Accounts Receivable Inventories Property and equipment Research and development Long Lived Assets - Recoverability is assessed based on the carrying amount of the asset and its fair value which is generally determined based on the sum of the undiscounted cash flows expected to result from the use and the eventual disposal of the asset, as well as specific appraisal in certain instances. No allowance was deemed necessary by management as of March 31, 2019 and 2018, respectively. Revenue recognition i. Identify the contract with a customer. ii. Identify the performance obligations in the contract. iii. Determine the transaction price. iv. Allocate the transaction price to the performance obligations in the contract. v. Recognize revenue when (or as) the entity satisfies a performance obligation. Accordingly, the Company recognizes specific components of revenue as described below: 1. Parts – Performance obligation to deliver “X” parts are recognized as products are shipped. Typically there is not a large volume of parts (recently), thus contract price allocated to performance obligations (ratable parts) as shipped. 2. Service – “Right to invoice” practical expedient pursuant to 606-10-55-18, billed at hourly rates plus parts. 3. Trucks – Performance obligation to deliver system. Recognition of revenue at a point in time, given recognition over time criteria not met pursuant to 606-10-25-24. Final transfer of control passed to customer upon receipt and final acceptance. When the truck is accepted by the customer the final invoice is issued and all deferred revenue is recognized along with the related work in process costs for the truck. Trucks generally take 90 days to manufacture, assemble and then ship to our various customers. As of March 31, 2019 and December 31, 2018 customer deposits were $469,955 and $475,995 respectively. Income taxes - We have net operating loss carry forwards available to reduce future taxable income. Future tax benefits for these net operating losses carry forwards are recognized to the extent that realization of these benefits is considered more likely than not. To the extent that we will not realize a future tax benefit, a valuation allowance is established. Earning or Loss per Share Related Parties |
Inventory
Inventory | 3 Months Ended |
Mar. 31, 2019 | |
Inventory Disclosure [Abstract] | |
Inventory | NOTE 3 – INVENTORY Inventory principally consists of the cost of parts purchased and assembled during the three months ended March 31, 2019 and year ended December 31, 2018 for the assembly of the fuel-efficient vehicles to sell to the customers. March 31, 2019 December 31, 2018 Raw materials $ 1,649,094 $ 1,806,056 Total Inventory 1,649,094 1,806,056 |
Property and Equipment
Property and Equipment | 3 Months Ended |
Mar. 31, 2019 | |
Property, Plant and Equipment [Abstract] | |
Property and Equipment | NOTE 4- PROPERTY AND EQUIPMENT For the three months ended March 31, 2019 and December 31, 2018, depreciation expense of fixed assets totaled approximately $2,735 and $2,735, respectively. March 31, 2019 December 31, 2018 Equipment $ 229,193 $ 229,193 Less: Accumulated Depreciation (77,546 ) (74,810 ) Total $ 151,647 $ 154,383 |
Related Party Transactions
Related Party Transactions | 3 Months Ended |
Mar. 31, 2019 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | NOTE 5 – RELATED PARTY TRANSACTIONS The Defiance Company, LLC is owned by the Company’s president and controlling stockholder. As of March 31, 2019, accounts payable to Defiance is $285,389 for amounts paid by Defiance Company, LLC on behalf of Greenkraft, which is the same amount as of December 31, 2018. As of March 31, 2019, and December 31, 2018, Greenkraft has notes payable for a total of $1,901,916, to its President and his related entities. All amounts are due on demand, unsecured and do not bear interest. This amount is classified as a long-term liability as the Company’s President does not expect repayment during the next 12 months. The Company’s president is a member of CEE, LLC which performs emission testing services. During the three months ended March 31, 2019, Greenkraft did not have any services performed by CEE, LLC and as of March 31, 2019 and December 31, 2018, Greenkraft owed CEE the amount of $5,945 for insurance. First Warner Properties LLC is the owner of 2215 S. Standard Ave Santa Ana Ca 92707. The company’s president is a member of First Warner. Greenkraft leased the property as assembly plant from First Warner. The term of the lease agreement was from July 2014 to July 2019, with a monthly rent of $27,500. Greenkraft terminated the lease agreement with First Warner Properties LLC at the end of August 2016. As of March 31, 2019 and December 31, 2018, Greenkraft owed $525,000 to First Warner Properties LLC. The debt does not require interest and there is no maturity date at this time. First Standard Real Estate LLC is the owner of 2530 South Birch Street, Santa Ana, CA 92707. Greenkraft’s president is a member of First Standard Real Estate LLC. Greenkraft leased a portion of the building designated as 20,000 square feet garage area. The term of the lease agreement is from September 1, 2016 to September 30, 2021, with a monthly rent of $10,000. As of March 31, 2019 and December 31, 2018, Greenkraft owed $280,000 and $250,000 to First Standard Real Estate LLC, respectively. |
Line of Credit
Line of Credit | 3 Months Ended |
Mar. 31, 2019 | |
Debt Disclosure [Abstract] | |
Line of Credit | NOTE 6 – LINE OF CREDIT During the quarter ended March 31, 2019 the company used a line of credit for $100,000 from the CEO. |
Convertible Notes
Convertible Notes | 3 Months Ended |
Mar. 31, 2019 | |
Debt Disclosure [Abstract] | |
Convertible Notes | NOTE 7 – CONVERTIBLE NOTES As of March 31, 2019 and December 31, 2018 convertible notes had a balance of $3,500 and $5,500 respectively. The outstanding note is convertible at a rate of $0.001 into shares of common stock $2,000 of the convertible note was paid back during the quarter ended March 31, 2019. |
Commitment and Contingencies
Commitment and Contingencies | 3 Months Ended |
Mar. 31, 2019 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitment and Contingencies | NOTE 8 – COMMITMENT AND CONTINGENCIES The Company leases space for its offices and warehouse under a lease expiring 5 years after September 1, 2017. Rent expense was $120,000 per year, payable in installments of $10,000 per month. The future minimum lease payments under the operating lease is as follows: Years ending December 31, Amount 2019 90,000 2020 120,000 2021 80,000 Total $ 290,000 As discussed in Note 1, the Company adopted ASU 2016-02 related to leases as of January 1, 2019. The Company is using the transition relief discussed in Note 1 for current quarter accounting treatment. Rent expense was $26,089 and $30,000 for the quarter ended March 31, 2019 and 2018, respectively. |
Subsequent Events
Subsequent Events | 3 Months Ended |
Mar. 31, 2019 | |
Subsequent Events [Abstract] | |
Subsequent Events | NOTE 9 – SUBSEQUENT EVENTS On May 8, 2019 we purchased 2,000,000 shares back from the debt that had been converted in 2018 for $5,000. Management has evaluated subsequent events from the balance sheet date through the date the financial statements were available to be issued and determined that no other material subsequent events have transpired |
Significant Accounting Polici_2
Significant Accounting Policies and Practices (Policies) | 3 Months Ended |
Mar. 31, 2019 | |
Accounting Policies [Abstract] | |
Reclassifications | Reclassifications |
Use of Estimates | Use of estimates |
Fair Value Measurements | Fair Value Measurements The Company evaluates its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported in the condensed consolidated statements of operations. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. Derivative instrument liabilities are classified in the balance sheet as current or non-current based on whether or not net-cash settlement of the derivative instrument could be required within 12 months of the balance sheet date. |
Fair Value of Financial Instruments | Fair Value of Financial Instrument s As required by the Fair Value Measurements and Disclosures Topic of the FASB ASC 820, fair value is measured based on a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows: Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; Level 2: Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; and Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity). Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of March 31, 2019 and December 31, 2018. The respective carrying value of certain on-balance-sheet financial instruments approximate their fair values. These financial instruments include cash, prepaid expenses and accounts payable. Fair values were assumed to approximate carrying values for cash and payables because they are short term in nature and their carrying amounts approximate fair values or they are payable on demand except as noted in the table shown below. The following table summarize items measured at fair market value during the period ended March 31, 2019: Level 1 Level 2 Level 3 Total Lease $ - $ - $ 300,000 $ 300,000 Total $ - $ - $ 300,000 $ 300,000 |
Concentration of Credit Risk | Concentration of credit risk |
Accounts Receivable | Accounts Receivable |
Inventories | Inventories |
Property and Equipment | Property and equipment |
Research and Development | Research and development |
Long Lived Assets | Long Lived Assets - Recoverability is assessed based on the carrying amount of the asset and its fair value which is generally determined based on the sum of the undiscounted cash flows expected to result from the use and the eventual disposal of the asset, as well as specific appraisal in certain instances. No allowance was deemed necessary by management as of March 31, 2019 and 2018, respectively. |
Revenue Recognition | Revenue recognition i. Identify the contract with a customer. ii. Identify the performance obligations in the contract. iii. Determine the transaction price. iv. Allocate the transaction price to the performance obligations in the contract. v. Recognize revenue when (or as) the entity satisfies a performance obligation. Accordingly, the Company recognizes specific components of revenue as described below: 1. Parts – Performance obligation to deliver “X” parts are recognized as products are shipped. Typically there is not a large volume of parts (recently), thus contract price allocated to performance obligations (ratable parts) as shipped. 2. Service – “Right to invoice” practical expedient pursuant to 606-10-55-18, billed at hourly rates plus parts. 3. Trucks – Performance obligation to deliver system. Recognition of revenue at a point in time, given recognition over time criteria not met pursuant to 606-10-25-24. Final transfer of control passed to customer upon receipt and final acceptance. When the truck is accepted by the customer the final invoice is issued and all deferred revenue is recognized along with the related work in process costs for the truck. Trucks generally take 90 days to manufacture, assemble and then ship to our various customers. As of March 31, 2019 and December 31, 2018 customer deposits were $469,955 and $475,995 respectively. |
Income Taxes | Income taxes - We have net operating loss carry forwards available to reduce future taxable income. Future tax benefits for these net operating losses carry forwards are recognized to the extent that realization of these benefits is considered more likely than not. To the extent that we will not realize a future tax benefit, a valuation allowance is established. |
Earning or Loss Per Share | Earning or Loss per Share |
Related Parties | Related Parties |
Significant Accounting Polici_3
Significant Accounting Policies and Practices (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Accounting Policies [Abstract] | |
Schedule of Fair Value Measurements | The following table summarize items measured at fair market value during the period ended March 31, 2019: Level 1 Level 2 Level 3 Total Lease $ - $ - $ 300,000 $ 300,000 Total $ - $ - $ 300,000 $ 300,000 |
Inventory (Tables)
Inventory (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Inventory Disclosure [Abstract] | |
Schedule of Inventory | March 31, 2019 December 31, 2018 Raw materials $ 1,649,094 $ 1,806,056 Total Inventory 1,649,094 1,806,056 |
Property and Equipment (Tables)
Property and Equipment (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Property, Plant and Equipment [Abstract] | |
Schedule of Property and Equipment | March 31, 2019 December 31, 2018 Equipment $ 229,193 $ 229,193 Less: Accumulated Depreciation (77,546 ) (74,810 ) Total $ 151,647 $ 154,383 |
Commitment and Contingencies (T
Commitment and Contingencies (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Commitments and Contingencies Disclosure [Abstract] | |
Schedule of Future Minimum Rental Payments for Operating Leases | The future minimum lease payments under the operating lease is as follows: Years ending December 31, Amount 2019 90,000 2020 120,000 2021 80,000 Total $ 290,000 |
Basis of Presentation (Details
Basis of Presentation (Details Narrative) | Jan. 02, 2019 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Average borrowing rate | 5.00% |
Significant Accounting Polici_4
Significant Accounting Policies and Practices (Details Narrative) - USD ($) | 3 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Dec. 31, 2018 | |
Considered uncollectable amount | |||
Accounts receivable | 3,600 | $ 3,600 | |
Depreciation expense | 2,735 | 2,735 | |
Research and development | 0 | $ 0 | |
Customer deposits | 469,955 | 475,995 | |
Uncollectible Receivables [Member] | |||
Accounts receivable | $ 0 | $ 0 |
Significant Accounting Polici_5
Significant Accounting Policies and Practices - Schedule of Fair Value Measurements (Details) | Mar. 31, 2019USD ($) |
Fair value liability measurement | $ 300,000 |
Level 1 [Member] | |
Fair value liability measurement | |
Level 2 [Member] | |
Fair value liability measurement | |
Level 3 [Member] | |
Fair value liability measurement | 300,000 |
Lease [Member] | |
Fair value liability measurement | 300,000 |
Lease [Member] | Level 1 [Member] | |
Fair value liability measurement | |
Lease [Member] | Level 2 [Member] | |
Fair value liability measurement | |
Lease [Member] | Level 3 [Member] | |
Fair value liability measurement | $ 300,000 |
Inventory - Schedule of Invento
Inventory - Schedule of Inventory (Details) - USD ($) | Mar. 31, 2019 | Dec. 31, 2018 |
Inventory Disclosure [Abstract] | ||
Raw materials | $ 1,649,094 | $ 1,806,056 |
Total Inventory | $ 1,649,094 | $ 1,806,056 |
Property and Equipment (Details
Property and Equipment (Details Narrative) - USD ($) | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Property, Plant and Equipment [Abstract] | ||
Depreciation expense | $ 2,735 | $ 2,735 |
Property and Equipment - Schedu
Property and Equipment - Schedule of Property and Equipment (Details) - USD ($) | Mar. 31, 2019 | Dec. 31, 2018 |
Property, Plant and Equipment [Abstract] | ||
Equipment | $ 229,193 | $ 229,193 |
Less Accumulated Depreciation | (77,546) | (74,810) |
Total | $ 151,647 | $ 154,383 |
Related Party Transactions (Det
Related Party Transactions (Details Narrative) | 3 Months Ended | |
Mar. 31, 2019USD ($)ft² | Dec. 31, 2018USD ($) | |
Accounts payable - related party | $ 280,000 | $ 250,000 |
Defiance Company, LLC [Member] | ||
Accounts payable - related party | 285,389 | 285,389 |
President and Related Entities [Member] | ||
Notes payable related parties | 1,901,916 | 1,901,916 |
CEE, LLC [Member] | ||
Long term debt - related party CEE | $ 5,945 | 5,945 |
First Warner Properties LLC [Member] | ||
Lease term description | The term of the lease agreement is from July 2014 to July 2019 | |
Monthly rent | $ 27,500 | |
Due to related parties | $ 525,000 | 525,000 |
First Standard Real Estate LLC [Member] | ||
Lease term description | The term of the lease agreement is from September 1, 2016 to December 31, 2021 | |
Monthly rent | $ 10,000 | |
Due to related parties | $ 280,000 | $ 250,000 |
Area of land | ft² | 20,000 |
Line of Credit (Details Narrati
Line of Credit (Details Narrative) | Mar. 31, 2019USD ($) |
CEO [Member] | |
Line of credit | $ 100,000 |
Convertible Notes (Details Narr
Convertible Notes (Details Narrative) - USD ($) | 3 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Dec. 31, 2018 | |
Debt Disclosure [Abstract] | |||
Convertible notes payable | $ 3,500 | $ 5,500 | |
Debt instrument, convertible, conversion price | $ 0.001 | ||
Payments of convertible note | $ 2,000 |
Commitment and Contingencies (D
Commitment and Contingencies (Details Narrative) - USD ($) | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Rent expense | $ 26,089 | $ 30,000 |
Offices and Warehouse [Member] | ||
Lease term | 5 years | |
Rent expense | $ 120,000 | |
Lease monthly payments payable | $ 10,000 |
Commitment and Contingencies -
Commitment and Contingencies - Schedule of Future Minimum Rental Payments for Operating Leases (Details) | Mar. 31, 2019USD ($) |
Commitments and Contingencies Disclosure [Abstract] | |
2019 | $ 90,000 |
2020 | 120,000 |
2021 and thereafter | 80,000 |
Total | $ 290,000 |
Subsequent Events (Details Narr
Subsequent Events (Details Narrative) - USD ($) | May 08, 2019 | Mar. 31, 2019 | Mar. 31, 2018 |
Debt converted into shares, amount | $ 184,200 | ||
Subsequent Event [Member] | |||
Number of shares repurchased | 2,000,000 | ||
Debt converted into shares, amount | $ 5,000 |