Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Sep. 30, 2018 | Nov. 19, 2018 | |
Document And Entity Information | ||
Entity Registrant Name | Friendable, Inc. | |
Entity Central Index Key | 1,414,043 | |
Document Type | 10-Q | |
Document Period End Date | Sep. 30, 2018 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Is Entity's Reporting Status Current? | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Emerging Growth Company | false | |
Entity Small Business | true | |
Entity Common Stock, Shares Outstanding | 5,553,310,369 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2,018 |
CONSOLIDATED BALANCE SHEETS (Un
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) | Sep. 30, 2018 | Dec. 31, 2017 |
Current Assets | ||
Cash | $ 3,423 | $ 0 |
Accounts receivable | 512 | 0 |
Prepaid expenses | 6,863 | 6,863 |
Total current assets | 10,798 | 6,863 |
Intangible assets (Note 3) | 35,000 | 35,000 |
TOTAL ASSETS | 45,798 | 41,863 |
Current Liabilities | ||
Accounts payable | 3,780,720 | 2,718,832 |
Convertible debentures (Note 10) | 6,272,300 | 4,807,189 |
Deferred revenue | 0 | 0 |
Total current liabilities | 10,053,020 | 7,526,021 |
Total liabilities | 10,053,020 | 7,526,021 |
Going concern (Note 1) | ||
Commitments (Note 7) | ||
STOCKHOLDERS' DEFICIT | ||
Preferred stock, 50,000,000 shares authorized at par value of $0.0001, 21,267 (December 31, 2017 - 21,267) shares issued and outstanding (Note 4) | 2 | 2 |
Common stock, 15,000,000,000 shares authorized at par value of $0.0001, 5,553,310,369 (December 31, 2017 - 5,010,310,369) shares issued and outstanding (Note 4) | 555,331 | 501,031 |
Additional paid-in capital | 11,471,743 | 11,157,778 |
Common stock subscriptions receivable (Note 8) | (4,500) | (4,500) |
Deficit | (22,029,798) | (19,138,469) |
Total Stockholders' Deficit | (10,007,222) | (7,484,158) |
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $ 45,798 | $ 41,863 |
CONSOLIDATED BALANCE SHEETS (_2
CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares | Sep. 30, 2018 | Dec. 31, 2017 |
STOCKHOLDERS' DEFICIT | ||
Preferred stock, par value | $ 0.0001 | $ 0.0001 |
Preferred stock, authorized | 50,000,000 | 50,000,000 |
Preferred stock, issued | 21,267 | 21,267 |
Preferred stock, outstanding | 21,267 | 21,267 |
Common stock, par value | $ 0.0001 | $ 0.0001 |
Common stock, authorized | 15,000,000,000 | 15,000,000,000 |
Common stock, issued | 5,553,310,369 | 5,010,310,369 |
Common stock, outstanding | 5,553,310,369 | 5,010,310,369 |
CONSOLIDATED STATEMENTS OF COMP
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Income Statement [Abstract] | ||||
REVENUES | $ 1,227 | $ 2,298 | $ 5,709 | $ 7,876 |
OPERATING EXPENSES | ||||
Accretion and interest expense (Note 10) | 478,102 | 1,263,476 | 1,874,931 | 2,714,869 |
App hosting (Note 8) | 141,000 | 141,011 | 420,425 | 418,837 |
Commissions | 368 | 690 | 1,673 | 2,363 |
General and administrative (Note 8) | 186,090 | 216,498 | 597,275 | 675,877 |
Product development (Note 8) | 549 | 133,000 | 549 | 225,450 |
Sales and marketing | 598 | 60,699 | 2,185 | 224,002 |
TOTAL OPERATING EXPENSES | 806,707 | 1,815,374 | 2,897,038 | 4,261,398 |
LOSS FROM OPERATIONS | (805,480) | (1,813,076) | (2,891,329) | (4,253,522) |
OTHER EXPENSES | ||||
Loss on investment (Note 11) | 0 | 0 | 0 | (175,000) |
NET LOSS AND COMPREHENSIVE LOSS | $ (805,480) | $ (1,813,076) | $ (2,891,329) | $ (4,428,522) |
BASIC LOSS PER SHARE | $ 0 | $ 0 | $ 0 | $ 0 |
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING | 5,553,310,369 | 2,251,340,870 | 5,475,489,856 | 1,747,564,991 |
CONSOLIDATED STATEMENT OF STOCK
CONSOLIDATED STATEMENT OF STOCKHOLDERS' DEFICIT - USD ($) | Common Stock | Preferred Stock | Additional Paid-in Capital | Common Stock Subcription | Deficit | Total |
Begining balance, shares at Dec. 31, 2016 | 1,068,031,823 | 21,655 | ||||
Begining balance, amount at Dec. 31, 2016 | $ 106,803 | $ 2 | $ 9,609,198 | $ (4,500) | $ (13,500,287) | $ (3,788,784) |
Shares issued for services shares | 123,220,000 | |||||
Shares issued for services amount | $ 12,322 | 56,368 | 68,690 | |||
Conversion of convertible notes (Note 10), shares | 3,521,332,373 | |||||
Conversion of convertible notes (Note 10), amount | $ 352,133 | 410,819 | 762,952 | |||
Conversion of preferred shares (Note 4), shares | 297,726,173 | (388) | ||||
Conversion of preferred shares (Note 4), amount | $ 29,773 | (29,773) | ||||
Issuance of convertible notes (net (Note 10) | 1,111,166 | 1,111,166 | ||||
Net loss for the period | (5,638,182) | (5,638,182) | ||||
Ending balance, shares at Dec. 31, 2017 | 5,010,310,369 | 21,267 | ||||
Ending balance, amount at Dec. 31, 2017 | $ 501,031 | $ 2 | 11,157,778 | (4,500) | (19,138,469) | (7,484,158) |
Conversion of convertible notes (Note 10), shares | 543,000,000 | |||||
Conversion of convertible notes (Note 10), amount | $ 54,300 | 6,000 | 60,300 | |||
Issuance of convertible notes (net (Note 10) | 307,965 | 307,965 | ||||
Net loss for the period | (2,891,329) | (2,891,329) | ||||
Ending balance, shares at Sep. 30, 2018 | 5,553,310,369 | 21,267 | ||||
Ending balance, amount at Sep. 30, 2018 | $ 555,331 | $ 2 | $ 11,471,743 | $ (4,500) | $ (22,029,798) | $ (10,007,222) |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Cash Flows from Operating Activities: | ||
Net loss | $ (2,891,329) | $ (4,428,522) |
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities: | ||
Interest on convertible debentures | 400,189 | 367,355 |
Accretion expense | 1,415,742 | 2,347,514 |
Shares issued for services | 0 | 68,690 |
Loss on investment | 0 | 175,000 |
Changes in Operating Assets and Liabilities | ||
Increase in accounts receivable | (512) | 4 |
Increase in prepaid expenses | 0 | 100 |
Increase in accounts payable | 768,368 | 545,285 |
Net Cash Used in Operating Activities | (307,542) | (924,574) |
Cash Flows from Investing Activities: | ||
Purchase of investment in Hang With | 0 | (175,000) |
Net Cash Used in Investing Activities | 0 | (175,000) |
Cash Flows Probided by Financing Activities: | ||
Proceeds from convertible debentures (net) | 310,965 | 979,770 |
Net Cash Provided by Financing Activities | 310,965 | 979,770 |
Net Increase (Decrease) in Cash | 3,423 | (119,804) |
Cash on Hand - Beginning | 0 | 119,804 |
Cash on Hand - Ending | 3,423 | 0 |
Supplemental Cash Flow Information: | ||
Cash paid for interest | 0 | 0 |
Cash paid for income taxes | 0 | 0 |
Non-cash Investing and Financing Items: | ||
Shares issued for conversion of debt (net) | 0 | 0 |
Convertible debentures issued to extinguish promissory notes | 0 | 0 |
Cash consists of: | ||
Cash | $ 3,423 | $ 119,804 |
1. NATURE OF BUSINESS AND GOING
1. NATURE OF BUSINESS AND GOING CONCERN | 9 Months Ended |
Sep. 30, 2018 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
NATURE OF BUSINESS AND GOING CONCERN | Friendable, Inc., a Nevada corporation (the “Company”), was incorporated in the State of Nevada as Digital Yearbook Inc. Effective June 15, 2011, the Company completed a merger with its subsidiary, Titan Iron Ore Corp., a Nevada corporation, which was incorporated solely to effect a change in the Company’s name from “Digital Yearbook Inc.” to “Titan Iron Ore Corp.” The Company then began to pursue business in the area of mining exploration. On February 3, 2014, the Company entered into an Agreement and Plan of Merger and Reorganization (the “Merger”) The Merger was regarded as a reverse recapitalization whereby iHookup-DE was considered to be the accounting acquirer as its stockholders retained control of the Company after the Merger. On February 3, 2014, the Merger was completed and as a result, iHookup-DE acquired the net liabilities of the Company. As a result of the Merger, the Company ceased its prior operations and its business became the development and dissemination of a “proximity based” mobile-social media application that facilitates connections between people, utilizing the intelligence of global positioning system and localized recommendations. On September 28, 2015, the Company filed a Certificate of Amendment to its Articles of Incorporation changing the name of the Company from “iHookup Social, Inc.” to “Friendable, Inc.”. On October 27, 2015, the Company’s trading symbol on the OTC Pink marketplace was changed from “HKUP” to “FDBL”. This change was made in conjunction with the re-branding of the Company’s app from "iHookup Social" to "Friendable". On June 28, 2017, the Company formed a wholly owned Nevada subsidiary called Fan Pass Inc. The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern, which implies that the Company would continue to realize its assets and discharge its liabilities in the normal course of business. The Company has never paid any dividends and is unlikely to pay dividends or generate earnings in the immediate or foreseeable future. As of September 30, 2018, the Company has a working capital deficiency of $10,042,222 and has an accumulated deficit of $22,029,798 since inception and its operations continue to be funded primarily from sales of its stock and issuance of convertible debentures. These factors raise substantial doubt about the Company’s ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company’s ability to obtain the necessary financing through the issuance of convertible notes and equity instruments. The consolidated financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. Management plans to raise financing through the issuance of convertible notes. No assurance can be given that any such additional financing will be available, or that it can be obtained on terms acceptable to the Company and its stockholders. |
2. SUMMARY OF SIGNIFICANT ACCOU
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 9 Months Ended |
Sep. 30, 2018 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | Basis of Presentation These consolidated financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States, and are expressed in US dollars. The Company’s fiscal year end is December 31. Use of Estimates The preparation of these statements in accordance with United States generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses in the reporting period. The Company regularly evaluates estimates and assumptions related to the useful life and recoverability of long-lived assets, valuation of convertible debenture conversion options, deferred income tax asset valuations, financial instrument valuations, share-based payments, other equity-based payments, and loss contingencies. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. Revenue Recognition Revenue is recognized when persuasive evidence of an arrangement exists, delivery has occurred, the fee is fixed or determinable, and collectability is probable. Revenue generally is recognized net of allowances for returns and any taxes collected from customers and subsequently remitted to governmental authorities. The Company derives revenues from the sale of application software, unlimited messaging subscriptions for periods varying from one to twelve months, and arrangements for virtual gifts and access to special features referred to as coin packs. Revenue from the sale of application software is recognized upon download. Revenue from messaging subscriptions is recognized as revenue ratably over the subscription period beginning on the date the service is made available to customers. Revenue from coin packs is recognized on a consumption basis commensurate with the customer utilization of such resources. Advertising Costs The Company’s policy regarding advertising is to expense advertising when incurred. During the nine months ended September 30, 2018, the Company incurred $1,474 (September 30, 2017: $26,179) in advertising costs. Cash and Cash Equivalents The Company considers all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents. Intangible Assets The Company accounts for intangible assets in accordance with ASC 350, Intangibles – Goodwill and Other. The Company assesses potential impairments to intangible assets when there is evidence that events or changes in circumstances indicate that the carrying amount of an asset may not be recovered. Intangible assets with finite lives are reviewed for impairment when events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of intangible assets with finite lives is measured by comparing the carrying amount of the asset to its fair value. If the future value of the asset is lower than its carrying value, the Company recognizes an impairment loss for the amount by which the carrying value of the asset exceeds the related estimated fair value. Intangible assets with indefinite lives are tested for impairment annually or more frequently are tested for impairment annually or more frequently if events or changes in circumstances indicate that it is more likely than not that the intangible asset is impaired. Impairment of Long-Lived Assets The Company continually monitors events and changes in circumstances that could indicate carrying amounts of long-lived assets may not be recoverable. When such events or changes in circumstances are present, the Company assesses the recoverability of long-lived assets by determining whether the carrying value of such assets will be recovered through undiscounted expected future cash flows. If the total of the future cash flows is less than the carrying amount of those assets, the Company recognizes an impairment loss based on the excess of the carrying amount over the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or the fair value less costs to sell. Stock-based Compensation The Company records stock-based compensation in accordance with ASC 718, Compensation – Stock Based Compensation and ASC 505, Equity Based Payments to Non-Employees, which requires the measurement and recognition of compensation expense based on estimated fair values for all share-based awards made to employees and directors, including stock options. ASC 718 requires companies to estimate the fair value of share-based awards on the date of grant using an option-pricing model. The Company uses the Black-Scholes option pricing model as its method in determining fair value. This model is affected by the Company’s stock price as well as assumptions regarding a number of subjective variables. These subjective variables include, but are not limited to the Company’s expected stock price volatility over the terms of the awards, and actual and projected employee stock option exercise behaviors. The value of the portion of the award that is ultimately expected to vest is recognized as an expense in the statement of comprehensive loss over the requisite service period. All transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable. Allowance for Doubtful Accounts The Company monitors its outstanding receivables for timely payments and potential collection issues. During the nine months ended September 30, 2018 and 2017, the Company did not have any allowance for doubtful accounts. Financial Instruments Financial assets and financial liabilities are recognized in the balance sheet when the Company has become party to the contractual provisions of the instruments. The Company’s financial instruments consist of accounts payable and convertible debentures. The fair values of these financial instruments approximate their carrying value, due to their short term nature, and current market rates for similar financial instruments. Fair value of a financial instrument is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company’s financial instruments recorded at fair value in the balance sheets are categorized based upon the level of judgment associated with the inputs used to measure their fair value. Basic and Diluted Loss Per Share The Company computes net loss per share in accordance with ASC 260, Earnings per Share. ASC 260 requires presentation of both basic and diluted earnings per share (EPS) on the face of the statement of comprehensive loss. Basic EPS is computed by dividing net income (loss) available to common stockholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. As of September 30, 2018, there were approximately 60,899,650,927 potentially dilutive shares outstanding. Income Taxes The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, Income Taxes. The asset and liability method provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities and for operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized. Recent Accounting Pronouncements In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606)” (“ASU 2014-09”). ASU 2014-09 supersedes the revenue recognition requirements in ASC Topic 605, “Revenue Recognition” and some cost guidance included in ASC Subtopic 605-35, Revenue Recognition -Construction-Type and Production-Type Contracts”. ASU 2014-09 requires the disclosure of sufficient information to enable users of the financial statements to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts. The Company will also be required to disclose information regarding significant judgments and changes in judgments, and assets recognized from costs incurred to obtain or fulfill a contract. Early adoption is not allowed. ASU 2014-09 provides two methods of retrospective application. The first method would require the Company to apply ASU 2014-09 to each prior reporting period presented. The second method would require the Company to retrospectively apply with the cumulative effect of initially applying ASU 2014-09 recognized at the date of initial application. The Company is currently evaluating the impact that the adoption of ASU 2014-09 may have on its consolidated financial statements. |
3. INTANGIBLE ASSETS
3. INTANGIBLE ASSETS | 9 Months Ended |
Sep. 30, 2018 | |
Intangible Assets | |
INTANGIBLE ASSETS | As at September 30, 2018, the Company owns the Friendable Properties which includes domain names, logos, icons, and registered trademarks for which it paid cash consideration of $35,000. |
4. COMMON AND PREFERRED STOCK
4. COMMON AND PREFERRED STOCK | 9 Months Ended |
Sep. 30, 2018 | |
Equity [Abstract] | |
COMMON AND PREFERRED STOCK | Common Stock: Issued during 2018 During the nine months ended September 30, 2018, the Company issued 543,000,000 shares of common stock to various convertible note holders for full and partial conversion of the notes (Note 10). Preferred Stock: The Series A Preferred Stock is convertible into nine (9) times the number of common stock outstanding until the closing of a Qualified Financing (i.e. the sale and issuance of the Company’s equity securities that results in gross proceeds in excess of $2,500,000). The number of shares of common stock issued on conversion of preferred stock is based on the ratio of the number of shares of preferred stock converted to the total number of shares of preferred stock outstanding at the date of conversion multiplied by nine (9) times the number of common stock outstanding at the date of conversion. |
5. SHARE PURCHASE WARRANTS
5. SHARE PURCHASE WARRANTS | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
SHARE PURCHASE WARRANTS | Balance of share purchase warrants as of September 30, 2018 and year ended December 31, 2017 are: Weighted Average Exercise Number of Warrants Price $ Balance, December 31, 2017 1,096,335,757 0.004 Balance, September 30, 2018 1,096,335,757 0.004 |
6. STOCK-BASED COMPENSATION
6. STOCK-BASED COMPENSATION | 9 Months Ended |
Sep. 30, 2018 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
STOCK BASED COMPENSATION | On November 22, 2011, the Board of Directors of the Company (see Note 1) approved a stock option plan (“2011 Stock Option Plan”), the purpose of which is to enhance the Company’s stockholder value and financial performance by attracting, retaining and motivating the Company’s officers, directors, key employees, consultants and its affiliates and to encourage stock ownership by such individuals by providing them with a means to acquire a proprietary interest in the Company’s success through stock ownership. Under the 2011 Stock Option Plan, officers, directors, employees and consultants who provide services to the Company may be granted options to acquire common shares of the Company. The aggregate number of options authorized by the plan shall not exceed 4,974 shares of common stock of the Company. The following table summarizes the options outstanding and exercisable under the 2011 Stock Option Plan as of September 30, 2018: Option Price Expiry Date Per Share($) Number December 21, 2021 1,680 1,725 June 21, 2022 400 500 June 25, 2023 134 850 $ 1,044 3,075 The Board of Directors and the stockholders holding a majority of the voting power approved a 2014 Equity Incentive Plan (the “2014 Plan”) on February 28, 2014, with a to be determined effective date. The purpose of the 2014 Plan is to assist the Company and its affiliates in attracting, retaining and providing incentives to employees, directors, consultants and independent contractors who serve the Company and its affiliates by offering them the opportunity to acquire or increase their proprietary interest in the Company and to promote the identification of their interests with those of the stockholders of the Company. The 2014 Plan will also be used to make grants to further reward and incentivize current employees and others. There are 120,679 shares of common stock reserved for issuance under the 2014 Plan. The Board shall have the power and authority to make grants of stock options to employees, directors, consultants and independent contractors who serve the Company and its affiliates. Any stock options granted under the 2014 Plan shall have an exercise price equal to or greater than the fair market value of the Company’s shares of common stock. Unless otherwise determined by the Board of Directors, stock options shall vest over a four-year period with 25% being vested after the end of one (1) year of service and the remainder vesting equally over a 36-month period. The Board may award options that may vest based upon the achievement of certain performance milestones. As of September 30, 2018, no options have been awarded under the 2014 Plan. The following table summarizes the Company’s stock options outstanding and exercisable: Number of Options Weighted Average Exercise Price $ Weighted- Average Remaining Contractual Term (years) Aggregate Intrinsic Value $ Outstanding and exercisable, December 31, 2016 3,075 1,044 6.57 - Outstanding and exercisable, December 31, 2017 3,075 1,044 5.57 - Outstanding and exercisable, September 30, 2018 3,075 1,044 4.73 - |
7. COMMITMENTS
7. COMMITMENTS | 9 Months Ended |
Sep. 30, 2018 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS | The following table summarizes the Company’s significant contractual obligations as of September 30, 2018: $ Employment Agreements (1) 75,000 (1) Employment agreements with related parties. |
8. RELATED PARTY TRANSACTIONS A
8. RELATED PARTY TRANSACTIONS AND BALANCES | 9 Months Ended |
Sep. 30, 2018 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS AND BALANCES | During the nine months ended September 30, 2018, the Company incurred $344,400 (2017: $364,000) in salaries to officers and directors with such costs being recorded as general and administrative expenses. During the nine months ended September 30, 2018, the Company incurred $465,425 (2017: $688,837) in app hosting, app development and rent to a company with two officers and directors in common with such costs being recorded as app hosting, product development and general and administrative expenses. As of September 30, 2018, the Company had a stock subscription receivable totaling $4,500 (December 31, 2017: $4,500) from an officer and director and from a company with an officer and director in common. As of September 30, 2018, accounts payable includes $858,624 (December 31, 2017: $481,078) payable to a company with two officers and directors in common, and $712,331 (December 31, 2017: $474,583) payable in salaries to directors and officers of the Company. The amounts are unsecured, non-interest bearing and are due on demand. The above transactions were recorded at their exchange amounts, being the amounts agreed by the related parties. |
9. FAIR VALUE MEASUREMENTS
9. FAIR VALUE MEASUREMENTS | 9 Months Ended |
Sep. 30, 2018 | |
Fair Value Disclosures [Abstract] | |
FAIR VALUE MEASUREMENTS | ASC 820, Fair Value Measurements and Disclosures, require an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value: Level 1 Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Valuations are based on quoted prices that are readily and regularly available in an active market and do not entail a significant degree of judgment. Level 2 Level 2 applies to assets or liabilities for which there are other than Level 1 observable inputs such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. Level 2 instruments require more management judgment and subjectivity as compared to Level 1 instruments. For instance: determining which instruments are most similar to the instrument being priced requires management to identify a sample of similar securities based on the coupon rates, maturity, issuer, credit rating and instrument type, and subjectively select an individual security or multiple securities that are deemed most similar to the security being priced; and determining whether a market is considered active requires management judgment. Level 3 Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. The determination of fair value for Level 3 instruments requires the most management judgment and subjectivity. Pursuant to ASC 825, cash is based on Level 1 inputs. The Company believes that the recorded values of accounts receivable and accounts payable approximate their current fair values because of their nature or respective relatively short durations. The fair value of the Company’s convertible debentures approximates their carrying values as the underlying imputed interest rates approximates the estimated current market rate for similar instruments. As of September 30, 2018, there were no assets or liabilities measured at fair value on a recurring basis presented on the Company’s balance sheet, other than cash. |
10. CONVERTIBLE DEBENTURES
10. CONVERTIBLE DEBENTURES | 9 Months Ended |
Sep. 30, 2018 | |
Debt Disclosure [Abstract] | |
CONVERTIBLE DEBENTURES | Current Convertible Debentures: Conversion Feature Issuance Net Principal ($) Discount ($) Carrying Value ($) Interest Rate Maturity Date a ) 2-Apr-13 5,054 - 5,054 0 % 2-Jan-14 d ) 5-Aug-15 474,900 - 474,900 7 % 5-Feb-17 d ) 5-Aug-15 18,750 - 18,750 7 % 5-Feb-17 c ) 17-Feb-15 102,135 - 102,135 8 % 17-Feb-16 b ) 17-Feb-15 5,000 - 5,000 8 % 17-Feb-16 b ) 27-Feb-15 37,500 - 37,500 8 % 27-Feb-16 b ) 19-Mar-15 53,551 - 53,551 8 % 19-Mar-16 b ) 19-Mar-15 8,000 - 8,000 8 % 19-Mar-16 b ) 11-May-15 50,000 - 50,000 8 % 11-May-16 b ) 2-Jun-15 29,500 - 29,500 8 % 2-Jun-16 b ) 2-Jun-15 45,966 - 45,966 8 % 2-Jun-16 b ) 2-Jun-15 10,000 - 10,000 8 % 2-Jun-16 b ) 2-Jun-15 58,540 - 58,540 8 % 2-Jun-16 b ) 2-Jun-15 35,408 - 35,408 8 % 2-Jun-16 b ) 2-Jun-15 20,758 - 20,758 8 % 2-Jun-16 c ) 11-Jun-15 50,000 - 50,000 8 % 27-Mar-16 b ) 19-Jun-15 30,464 - 30,464 8 % 19-Jun-16 b ) 19-Jun-15 30,000 - 30,000 8 % 19-Jun-16 b ) 19-Jun-15 35,408 - 35,408 8 % 19-Jun-16 b ) 24-Jun-15 37,500 - 37,500 8 % 27-Feb-16 b ) 24-Jun-15 35,000 - 35,000 8 % 12-Feb-16 b ) 24-Jun-15 37,500 - 37,500 8 % 12-Mar-16 b ) 7-Jul-15 75,000 - 75,000 8 % 7-Oct-15 b ) 1-Aug-15 17,408 - 17,408 8 % 4-Aug-16 b ) 1-Aug-15 30,000 - 30,000 8 % 1-Aug-16 b ) 1-Aug-15 35,408 - 35,408 8 % 1-Aug-16 b ) 21-Sep-15 64,744 - 64,744 8 % 21-Sep-16 b ) 3-May-16 50,000 - 50,000 8 % 3-May-17 b ) 3-May-16 50,000 - 50,000 8 % 11-May-16 b ) 3-May-16 29,500 - 29,500 8 % 2-Jun-16 b ) 3-May-16 45,965 - 45,965 8 % 2-Jun-16 b ) 24-May-16 61,571 - 61,571 8 % 24-May-17 b ) 24-May-16 30,464 - 30,464 8 % 19-Jun-16 b ) 26-May-16 157,500 - 157,500 8 % 26-May-17 b ) 15-Jun-16 5,000 - 5,000 8 % 15-Jun-17 d ) 3-Jun-16 160,000 - 160,000 7 % 8-Sep-17 d ) 3-Jun-16 4,000 - 4,000 7 % 8-Sep-17 d ) 15-Jun-16 50,000 - 50,000 7 % 8-Sep-17 d ) 15-Jun-16 1,250 - 1,250 7 % 8-Sep-17 d ) 17-May-16 100,000 - 100,000 7 % 8-Sep-17 d ) 17-May-16 2,500 - 2,500 7 % 8-Sep-17 d ) 20-May-16 110,000 - 110,000 7 % 8-Sep-17 d ) 20-May-16 2,750 - 2,750 7 % 8-Sep-17 d ) 27-Jan-16 250,000 - 250,000 7 % 27-Jul-17 d ) 8-Mar-16 110,000 - 110,000 7 % 8-Sep-17 d ) 27-Jan-16 18,750 - 18,750 7 % 27-Jul-17 d ) 8-Mar-16 5,000 - 5,000 7 % 8-Sep-17 d ) 8-Mar-16 90,000 - 90,000 8 % 8-Sep-17 b ) 8-Jul-16 50,000 - 50,000 7 % 8-Sep-17 b ) 4-Aug-16 110,000 - 110,000 7 % 8-Sep-17 d ) 15-Aug-16 157,000 - 157,000 7 % 8-Sep-17 d ) 12-Sep-16 83,000 - 83,000 7 % 8-Sep-17 d ) 8-Jul-16 1,250 - 1,250 7 % 8-Sep-17 d ) 4-Aug-16 2,750 - 2,750 7 % 8-Sep-17 d ) 15-Aug-16 3,925 - 3,925 7 % 8-Sep-17 d ) 12-Sep-16 2,075 - 2,075 7 % 8-Sep-17 d ) 4-Aug-16 110,000 - 110,000 8 % 4-Aug-17 b ) 15-Aug-16 157,500 - 157,500 8 % 15-Aug-17 b ) 8-Sep-16 80,000 - 80,000 8 % 8-Sep-17 b ) 11-Nov-16 80,000 - 80,000 8 % 11-Nov-17 b ) 5-Dec-16 88,000 - 88,000 8 % 5-Dec-17 b ) 9-Jan-17 84,000 - 84,000 8 % 6-Jan-18 b ) 13-Mar-17 32,000 - 32,000 8 % 13-Mar-18 c ) 2-Feb-17 90,198 - 90,198 8 % 2-Feb-18 c ) 15-Mar-17 96,000 - 96,000 8 % 15-Mar-18 d ) 7-Oct-16 465,000 - 465,000 7 % 7-Apr-18 d ) 7-Nov-16 295,000 - 295,000 7 % 7-May-18 d ) 12-Dec-16 295,000 - 295,000 7 % 12-Jun-18 d ) 18-Jan-17 295,000 - 295,000 7 % 7-Apr-18 b ) 7-Apr-17 25,000 - 25,000 8 % 7-Apr-18 b ) 3-May-17 27,000 - 27,000 8 % 3-May-18 c ) 5-May-17 30,000 - 30,000 8 % 5-May-18 b ) 2-Jun-17 27,000 - 27,000 8 % 2-Jun-18 s) d ) 21-Jul-17 790,965 - 793,858 10 % 21-Jul-18 s) d ) 14-Aug-18 30,000 27,107 2,893 10 % 31-Dec-18 s) d ) 21-Jul-17 24,000 - 790,965 10 % 21-Jul-18 6,299,407 27,107 6,272,300 a) The conversion price per share equal to the lower of: i. 100% of the average price of the Company’s common stock for the 5 trading days preceding the conversion date; ii. 70% of the daily average price of the Company’s common stock for the 10 trading days preceding the conversion date. b) The conversion price is equal to 50% of the lowest closing bid price of the Company’s common stock for the 15-20 trading days preceding the conversion date subject to a maximum conversion price ranging from $0.0005-$0.05. c) The conversion price equal to 50% of the lowest closing bid price of the Company’s common stock in the 20-25 trading days prior to the conversion. d) The conversion price is fixed ranging from $0.0003 - $0.0078. s) Convertible debenture is secured During the nine months ended September 30, 2018, the Company received net proceeds from convertible debentures of $310,965 (2017: $979,770). During the nine months ended September 30, 2018, $60,300 (2017: $620,336) of convertible debentures were settled by issuing 543,000,000 (2017: 1,899,157,030) shares of common stock of the Company. During the nine months ended September 30, 2018, the Company incurred $255 (2017: $90,250) in transaction costs in connection with the issuance of the convertible debentures that have been offset against the carrying values of the related debentures on the issuance date. During the nine months ended September 30, 2018, the Company incurred $1,874,931 (2017: $2,714,869) in accretion and interest expense in connection with the convertible debentures. At September 30, 2018, convertible debentures with the principal amount of $6,299,407 are subject to a General Security Agreement covering substantially all of the Company’s assets. The Company has evaluated whether separate financial instruments with the same terms as the conversion features above would meet the characteristics of a derivative instrument as described in paragraphs ASC 815-15-25. The terms of the contracts do not permit net settlement, as the shares delivered upon conversion are not readily convertible to cash. The Company’s trading history indicated that the shares are thinly traded and the market would not absorb the sale of the shares issued upon conversion without significantly affecting the price. As the conversion features would not meet the characteristics of a derivative instrument as described in ASC 815-15-25, the conversion features are not required to be separated from the host instrument and accounted for separately. As a result, at September 30, 2018 the conversion features and non-standard anti-dilution provisions would not meet derivative classification. Convertible debentures with maturity dates prior to September 30, 2018 are now due on demand. |
11. LOSS ON INVESTMENT AND INTA
11. LOSS ON INVESTMENT AND INTANGIBLE ASSET | 9 Months Ended |
Sep. 30, 2018 | |
Loss On Investment And Intangible Asset | |
LOSS ON INVESTMENT AND INTANGIBLE ASSET | On October 7, 2016, the Company entered into a Securities Purchase Agreement (the “Alpha SPA”) with Alpha Capital Anstalt (“Alpha Capital”), to issue and sell up to, in principal amount, $1,615,000 of convertible notes, payable in four tranches (the “Alpha Notes”). The first tranche of $465,000 was funded on October 7, 2016 (the “Initial Closing Date”) and the second, third, and fourth tranches of $375,000 were funded, respectively, during the first week of each of November 2016, December 2016, and January 2017 (the subsequent closing dates and, with the Initial Closing Date, each a “Closing”). The Company used a portion of the proceeds of each Closing to purchase Series A Convertible Participating Preferred Stock of a private entity named Hang With, Inc. (“Hang With”). Alpha Capital is currently Hang With’s majority shareholder. On October 7, 2016, the Company entered into a Securities Purchase Agreement with Hang With (the “Hang With SPA”) to buy up to 330,397 shares of Hang With’s Series A Convertible Participating Preferred Stock (the “Preferred Stock”) for $750,000. On the Initial Closing Date, the Company paid $225,000 and was to receive 99,118 shares of Preferred Stock. The Company paid Hang With $175,000 on each of the subsequent three Closings. In connection with entering into the Hang With SPA, the Company and Hang With entered into a Software License Agreement (the “License Agreement”) in which Hang With is licensing the intellectual property of the Hang With apps to the Company. As part of the Hang With SPA and as compensation for the Company entering into the License Agreement and the future development agreement, Hang With was to issue 154,185 shares of Preferred Stock on the Initial Closing Date, and was to issue 100,000 shares of its common stock to the Company. The Company attributed much of the value of Hang With to Hang With management’s representation that, in the history of its own apps, it had a certain amount of total users and a range of monthly active users. Hang With believed, prior to the Hang With SPA being signed, that, with the Company’s investment, the monthly active users would be at the higher end of the range within a short period of time. Based on these representations by management the Company believed that it could specifically market its own apps to the minimum monthly active users of the Hang With app that Hang With management’s represented existed. The Company believes that, after the November 2016 Closing, the Hang With app was removed for a period of time from the app stores on which it appeared and that the app was shut down for a period of time. At this point, Hang With effectively had zero monthly active users. In addition, the Company was not able to utilize Hang With’s technology in the Friendable app as was contemplated by the License Agreement due to Hang With’s technology being, in the Company’s view, out of date. The Company is currently seeking to negotiate a settlement with Hang With regarding the Company’s claims against Hang With. As of December 31, 2016 Hang With had not delivered any of the preferred or common shares to the Company. During the year ended December 31, 2016, the Company had paid Hang With $575,000 which has been written off as a loss on investment. During the year ended December 31, 2017, the Company had paid Hang With $175,000 in connection to the fourth Closing which has been written off as a loss on investment. |
12. SUBSEQUENT EVENTS
12. SUBSEQUENT EVENTS | 9 Months Ended |
Sep. 30, 2018 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | Issuance of Convertible Debenture: September 10, 2018 the Company and Sharps Technology Inc. terminated the Share Exchange Agreement that was entered into on June 27, 2018. |
2. SUMMARY OF SIGNIFICANT ACC_2
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 9 Months Ended |
Sep. 30, 2018 | |
Accounting Policies [Abstract] | |
Basis of Presentation | These consolidated financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States, and are expressed in US dollars. The Company’s fiscal year end is December 31. |
Use of Estimates | The preparation of these statements in accordance with United States generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses in the reporting period. The Company regularly evaluates estimates and assumptions related to the useful life and recoverability of long-lived assets, valuation of convertible debenture conversion options, deferred income tax asset valuations, financial instrument valuations, share-based payments, other equity-based payments, and loss contingencies. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. |
Revenue Recognition | Revenue is recognized when persuasive evidence of an arrangement exists, delivery has occurred, the fee is fixed or determinable, and collectability is probable. Revenue generally is recognized net of allowances for returns and any taxes collected from customers and subsequently remitted to governmental authorities. The Company derives revenues from the sale of application software, unlimited messaging subscriptions for periods varying from one to twelve months, and arrangements for virtual gifts and access to special features referred to as coin packs. Revenue from the sale of application software is recognized upon download. Revenue from messaging subscriptions is recognized as revenue ratably over the subscription period beginning on the date the service is made available to customers. Revenue from coin packs is recognized on a consumption basis commensurate with the customer utilization of such resources. |
Advertising Costs | The Company’s policy regarding advertising is to expense advertising when incurred. During the nine months ended September 30, 2018, the Company incurred $1,474 (September 30, 2017: $26,179) in advertising costs. |
Cash and Cash Equivalents | The Company considers all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents. |
Intangible Assets | The Company accounts for intangible assets in accordance with ASC 350, Intangibles – Goodwill and Other. The Company assesses potential impairments to intangible assets when there is evidence that events or changes in circumstances indicate that the carrying amount of an asset may not be recovered. Intangible assets with finite lives are reviewed for impairment when events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of intangible assets with finite lives is measured by comparing the carrying amount of the asset to its fair value. If the future value of the asset is lower than its carrying value, the Company recognizes an impairment loss for the amount by which the carrying value of the asset exceeds the related estimated fair value. Intangible assets with indefinite lives are tested for impairment annually or more frequently are tested for impairment annually or more frequently if events or changes in circumstances indicate that it is more likely than not that the intangible asset is impaired. |
Impairment of Long-Lived Assets | The Company continually monitors events and changes in circumstances that could indicate carrying amounts of long-lived assets may not be recoverable. When such events or changes in circumstances are present, the Company assesses the recoverability of long-lived assets by determining whether the carrying value of such assets will be recovered through undiscounted expected future cash flows. If the total of the future cash flows is less than the carrying amount of those assets, the Company recognizes an impairment loss based on the excess of the carrying amount over the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or the fair value less costs to sell. |
Stock-based Compensation | The Company records stock-based compensation in accordance with ASC 718, Compensation – Stock Based Compensation and ASC 505, Equity Based Payments to Non-Employees, which requires the measurement and recognition of compensation expense based on estimated fair values for all share-based awards made to employees and directors, including stock options. ASC 718 requires companies to estimate the fair value of share-based awards on the date of grant using an option-pricing model. The Company uses the Black-Scholes option pricing model as its method in determining fair value. This model is affected by the Company’s stock price as well as assumptions regarding a number of subjective variables. These subjective variables include, but are not limited to the Company’s expected stock price volatility over the terms of the awards, and actual and projected employee stock option exercise behaviors. The value of the portion of the award that is ultimately expected to vest is recognized as an expense in the statement of comprehensive loss over the requisite service period. All transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable. |
Allowance for Doubtful Accounts | The Company monitors its outstanding receivables for timely payments and potential collection issues. During the nine months ended September 30, 2018 and 2017, the Company did not have any allowance for doubtful accounts. |
Financial Instruments | Financial assets and financial liabilities are recognized in the balance sheet when the Company has become party to the contractual provisions of the instruments. The Company’s financial instruments consist of accounts payable and convertible debentures. The fair values of these financial instruments approximate their carrying value, due to their short term nature, and current market rates for similar financial instruments. Fair value of a financial instrument is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company’s financial instruments recorded at fair value in the balance sheets are categorized based upon the level of judgment associated with the inputs used to measure their fair value. |
Basic and Diluted Loss Per Share | The Company computes net loss per share in accordance with ASC 260, Earnings per Share. ASC 260 requires presentation of both basic and diluted earnings per share (EPS) on the face of the statement of comprehensive loss. Basic EPS is computed by dividing net income (loss) available to common stockholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. As of September 30, 2018, there were approximately 60,899,650,927 potentially dilutive shares outstanding. |
Income Taxes | The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, Income Taxes. The asset and liability method provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities and for operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized. |
Recent Accounting Pronouncements | In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606)” (“ASU 2014-09”). ASU 2014-09 supersedes the revenue recognition requirements in ASC Topic 605, “Revenue Recognition” and some cost guidance included in ASC Subtopic 605-35, Revenue Recognition -Construction-Type and Production-Type Contracts”. ASU 2014-09 requires the disclosure of sufficient information to enable users of the financial statements to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts. The Company will also be required to disclose information regarding significant judgments and changes in judgments, and assets recognized from costs incurred to obtain or fulfill a contract. Early adoption is not allowed. ASU 2014-09 provides two methods of retrospective application. The first method would require the Company to apply ASU 2014-09 to each prior reporting period presented. The second method would require the Company to retrospectively apply with the cumulative effect of initially applying ASU 2014-09 recognized at the date of initial application. The Company is currently evaluating the impact that the adoption of ASU 2014-09 may have on its consolidated financial statements. |
5. SHARE PURCHASE WARRANTS (Tab
5. SHARE PURCHASE WARRANTS (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Share Purchase Warrants | Weighted Average Exercise Number of Warrants Price $ Balance, December 31, 2017 1,096,335,757 0.004 Balance, September 30, 2018 1,096,335,757 0.004 |
6. STOCK-BASED COMPENSATION (Ta
6. STOCK-BASED COMPENSATION (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Options outstanding | Option Price Expiry Date Per Share($) Number December 21, 2021 1,680 1,725 June 21, 2022 400 500 June 25, 2023 134 850 $ 1,044 3,075 |
Stock option activity | Number of Options Weighted Average Exercise Price $ Weighted- Average Remaining Contractual Term (years) Aggregate Intrinsic Value $ Outstanding and exercisable, December 31, 2016 3,075 1,044 6.57 - Outstanding and exercisable, December 31, 2017 3,075 1,044 5.57 - Outstanding and exercisable, September 30, 2018 3,075 1,044 4.73 - |
7. COMMITMENTS (Tables)
7. COMMITMENTS (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Commitments Tables | |
Commitments | $ Employment Agreements (1) 75,000 (1) Employment agreements with related parties. |
10. CONVERTIBLE DEBENTURES (Tab
10. CONVERTIBLE DEBENTURES (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Debt Disclosure [Abstract] | |
Convertible Debt | Conversion Feature Issuance Net Principal ($) Discount ($) Carrying Value ($) Interest Rate Maturity Date a ) 2-Apr-13 5,054 - 5,054 0 % 2-Jan-14 d ) 5-Aug-15 474,900 - 474,900 7 % 5-Feb-17 d ) 5-Aug-15 18,750 - 18,750 7 % 5-Feb-17 c ) 17-Feb-15 102,135 - 102,135 8 % 17-Feb-16 b ) 17-Feb-15 5,000 - 5,000 8 % 17-Feb-16 b ) 27-Feb-15 37,500 - 37,500 8 % 27-Feb-16 b ) 19-Mar-15 53,551 - 53,551 8 % 19-Mar-16 b ) 19-Mar-15 8,000 - 8,000 8 % 19-Mar-16 b ) 11-May-15 50,000 - 50,000 8 % 11-May-16 b ) 2-Jun-15 29,500 - 29,500 8 % 2-Jun-16 b ) 2-Jun-15 45,966 - 45,966 8 % 2-Jun-16 b ) 2-Jun-15 10,000 - 10,000 8 % 2-Jun-16 b ) 2-Jun-15 58,540 - 58,540 8 % 2-Jun-16 b ) 2-Jun-15 35,408 - 35,408 8 % 2-Jun-16 b ) 2-Jun-15 20,758 - 20,758 8 % 2-Jun-16 c ) 11-Jun-15 50,000 - 50,000 8 % 27-Mar-16 b ) 19-Jun-15 30,464 - 30,464 8 % 19-Jun-16 b ) 19-Jun-15 30,000 - 30,000 8 % 19-Jun-16 b ) 19-Jun-15 35,408 - 35,408 8 % 19-Jun-16 b ) 24-Jun-15 37,500 - 37,500 8 % 27-Feb-16 b ) 24-Jun-15 35,000 - 35,000 8 % 12-Feb-16 b ) 24-Jun-15 37,500 - 37,500 8 % 12-Mar-16 b ) 7-Jul-15 75,000 - 75,000 8 % 7-Oct-15 b ) 1-Aug-15 17,408 - 17,408 8 % 4-Aug-16 b ) 1-Aug-15 30,000 - 30,000 8 % 1-Aug-16 b ) 1-Aug-15 35,408 - 35,408 8 % 1-Aug-16 b ) 21-Sep-15 64,744 - 64,744 8 % 21-Sep-16 b ) 3-May-16 50,000 - 50,000 8 % 3-May-17 b ) 3-May-16 50,000 - 50,000 8 % 11-May-16 b ) 3-May-16 29,500 - 29,500 8 % 2-Jun-16 b ) 3-May-16 45,965 - 45,965 8 % 2-Jun-16 b ) 24-May-16 61,571 - 61,571 8 % 24-May-17 b ) 24-May-16 30,464 - 30,464 8 % 19-Jun-16 b ) 26-May-16 157,500 - 157,500 8 % 26-May-17 b ) 15-Jun-16 5,000 - 5,000 8 % 15-Jun-17 d ) 3-Jun-16 160,000 - 160,000 7 % 8-Sep-17 d ) 3-Jun-16 4,000 - 4,000 7 % 8-Sep-17 d ) 15-Jun-16 50,000 - 50,000 7 % 8-Sep-17 d ) 15-Jun-16 1,250 - 1,250 7 % 8-Sep-17 d ) 17-May-16 100,000 - 100,000 7 % 8-Sep-17 d ) 17-May-16 2,500 - 2,500 7 % 8-Sep-17 d ) 20-May-16 110,000 - 110,000 7 % 8-Sep-17 d ) 20-May-16 2,750 - 2,750 7 % 8-Sep-17 d ) 27-Jan-16 250,000 - 250,000 7 % 27-Jul-17 d ) 8-Mar-16 110,000 - 110,000 7 % 8-Sep-17 d ) 27-Jan-16 18,750 - 18,750 7 % 27-Jul-17 d ) 8-Mar-16 5,000 - 5,000 7 % 8-Sep-17 d ) 8-Mar-16 90,000 - 90,000 8 % 8-Sep-17 b ) 8-Jul-16 50,000 - 50,000 7 % 8-Sep-17 b ) 4-Aug-16 110,000 - 110,000 7 % 8-Sep-17 d ) 15-Aug-16 157,000 - 157,000 7 % 8-Sep-17 d ) 12-Sep-16 83,000 - 83,000 7 % 8-Sep-17 d ) 8-Jul-16 1,250 - 1,250 7 % 8-Sep-17 d ) 4-Aug-16 2,750 - 2,750 7 % 8-Sep-17 d ) 15-Aug-16 3,925 - 3,925 7 % 8-Sep-17 d ) 12-Sep-16 2,075 - 2,075 7 % 8-Sep-17 d ) 4-Aug-16 110,000 - 110,000 8 % 4-Aug-17 b ) 15-Aug-16 157,500 - 157,500 8 % 15-Aug-17 b ) 8-Sep-16 80,000 - 80,000 8 % 8-Sep-17 b ) 11-Nov-16 80,000 - 80,000 8 % 11-Nov-17 b ) 5-Dec-16 88,000 - 88,000 8 % 5-Dec-17 b ) 9-Jan-17 84,000 - 84,000 8 % 6-Jan-18 b ) 13-Mar-17 32,000 - 32,000 8 % 13-Mar-18 c ) 2-Feb-17 90,198 - 90,198 8 % 2-Feb-18 c ) 15-Mar-17 96,000 - 96,000 8 % 15-Mar-18 d ) 7-Oct-16 465,000 - 465,000 7 % 7-Apr-18 d ) 7-Nov-16 295,000 - 295,000 7 % 7-May-18 d ) 12-Dec-16 295,000 - 295,000 7 % 12-Jun-18 d ) 18-Jan-17 295,000 - 295,000 7 % 7-Apr-18 b ) 7-Apr-17 25,000 - 25,000 8 % 7-Apr-18 b ) 3-May-17 27,000 - 27,000 8 % 3-May-18 c ) 5-May-17 30,000 - 30,000 8 % 5-May-18 b ) 2-Jun-17 27,000 - 27,000 8 % 2-Jun-18 s) d ) 21-Jul-17 790,965 - 793,858 10 % 21-Jul-18 s) d ) 14-Aug-18 30,000 27,107 2,893 10 % 31-Dec-18 s) d ) 21-Jul-17 24,000 - 790,965 10 % 21-Jul-18 6,299,407 27,107 6,272,300 a) The conversion price per share equal to the lower of: i. 100% of the average price of the Company’s common stock for the 5 trading days preceding the conversion date; ii. 70% of the daily average price of the Company’s common stock for the 10 trading days preceding the conversion date. b) The conversion price is equal to 50% of the lowest closing bid price of the Company’s common stock for the 15-20 trading days preceding the conversion date subject to a maximum conversion price ranging from $0.0005-$0.05. c) The conversion price equal to 50% of the lowest closing bid price of the Company’s common stock in the 20-25 trading days prior to the conversion. d) The conversion price is fixed ranging from $0.0003 - $0.0078. s) Convertible debenture is secured |
1. NATURE OF BUSINESS AND GOI_2
1. NATURE OF BUSINESS AND GOING CONCERN (Details Narrative) - USD ($) | Sep. 30, 2018 | Dec. 31, 2017 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Working capital deficiency | $ (10,042,222) | |
Accumulated deficit | $ (22,029,798) | $ (19,138,469) |
2. SUMMARY OF SIGNIFICANT ACC_3
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Accounting Policies [Abstract] | |||
Advertising costs | $ 1,474 | $ 26,179 | |
Allowance for doubtful accounts | $ 0 | $ 0 | |
Potentially dilutive shares outstanding | 60,899,650,927 |
3. INTANGIBLE ASSETS (Details
3. INTANGIBLE ASSETS (Details Narrative) | Sep. 30, 2018USD ($) |
Intangible Assets Details Narrative Abstract | |
Trademark | $ 35,000 |
4. COMMON AND PREFERRED STOCK (
4. COMMON AND PREFERRED STOCK (Details Narrative) | 9 Months Ended |
Sep. 30, 2018USD ($) | |
Common And Preferred Stock | |
Stock issued | $ 543,000,000 |
5. SHARE PURCHASE WARRANTS (Det
5. SHARE PURCHASE WARRANTS (Details) - $ / shares | Sep. 30, 2018 | Dec. 31, 2017 |
Notes to Financial Statements | ||
Number of warrants outstanding | 1,096,335,757 | 1,096,335,757 |
Weighted average exercise price outstanding | $ .004 | $ .004 |
6. STOCK-BASED COMPENSATION (De
6. STOCK-BASED COMPENSATION (Details) | 9 Months Ended |
Sep. 30, 2018USD ($)shares | |
Option price per share | $ | $ 1,044 |
Number | shares | 3,075 |
Stock Option 1 | |
Option price per share | $ | $ 1,680 |
Number | shares | 1,725 |
Stock Option 2 | |
Option price per share | $ | $ 400 |
Number | shares | 500 |
Stock Option 3 | |
Option price per share | $ | $ 134 |
Number | shares | 850 |
6. STOCK-BASED COMPENSATION (_2
6. STOCK-BASED COMPENSATION (Details) - USD ($) | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Stock-based Compensation Details | |||
Number of options, outstanding and exercisable | 3,075 | 3,075 | 3,075 |
Weighted average exercise price, outstanding and exercisable | $ 1,044 | $ 1,044 | $ 1,044 |
Weighted- Average Remaining Contractual Term, outstanding and exercisable | 4 years 8 months 23 days | 5 years 6 months 25 days | 5 years 3 months 25 days |
Aggregate intrinsic value, outstanding and exercisable | $ 0 | $ 0 | $ 0 |
7. COMMITMENTS (Details)
7. COMMITMENTS (Details) | Sep. 30, 2018USD ($) | |
Commitments and Contingencies Disclosure [Abstract] | ||
Employment Agreements | $ 75,000 | [1] |
[1] | Employment agreements with related parties. |
8. RELATED PARTY TRANSACTIONS_2
8. RELATED PARTY TRANSACTIONS AND BALANCES (Details Narrative) - USD ($) | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
App hosting | $ 465,425 | $ 688,837 | |
Related party accounts payable | 858,624 | $ 481,078 | |
Officer [Member] | |||
Salaries payable | 344,400 | $ 364,000 | |
Stock subscription receivable | 4,500 | 4,500 | |
Related party accounts payable | $ 712,331 | $ 474,583 |
10. CONVERTIBLE DEBENTURES (Det
10. CONVERTIBLE DEBENTURES (Details) | 9 Months Ended |
Sep. 30, 2018USD ($) | |
Net principal | $ 6,299,407 |
Discount | 27,107 |
Carrying value | $ 6,272,300 |
Convertible Debt 1 | |
Issuance | Apr. 2, 2013 |
Net principal | $ 5,054 |
Discount | 0 |
Carrying value | $ 5,054 |
Interest rate | 0.00% |
Maturity date | Jan. 2, 2014 |
Convertible Debt 2 | |
Issuance | Aug. 5, 2015 |
Net principal | $ 474,900 |
Discount | 0 |
Carrying value | $ 474,900 |
Interest rate | 7.00% |
Maturity date | Feb. 5, 2017 |
Convertible Debt 3 | |
Issuance | Aug. 5, 2015 |
Net principal | $ 18,750 |
Discount | 0 |
Carrying value | $ 18,750 |
Interest rate | 7.00% |
Maturity date | Feb. 5, 2017 |
Convertible Debt 4 | |
Issuance | Feb. 17, 2015 |
Net principal | $ 102,135 |
Discount | 0 |
Carrying value | $ 102,135 |
Interest rate | 8.00% |
Maturity date | Feb. 17, 2016 |
Convertible Debt 5 | |
Issuance | Feb. 17, 2015 |
Net principal | $ 5,000 |
Discount | 0 |
Carrying value | $ 5,000 |
Interest rate | 8.00% |
Maturity date | Feb. 17, 2016 |
Convertible Debt 6 | |
Issuance | Feb. 27, 2015 |
Net principal | $ 37,500 |
Discount | 0 |
Carrying value | $ 37,500 |
Interest rate | 8.00% |
Maturity date | Feb. 27, 2016 |
Convertible Debt 7 | |
Issuance | Mar. 19, 2015 |
Net principal | $ 53,551 |
Discount | 0 |
Carrying value | $ 53,551 |
Interest rate | 8.00% |
Maturity date | Mar. 19, 2016 |
Convertible Debt 8 | |
Issuance | Mar. 19, 2015 |
Net principal | $ 8,000 |
Discount | 0 |
Carrying value | $ 8,000 |
Interest rate | 8.00% |
Maturity date | Mar. 19, 2016 |
Convertible Debt 9 | |
Issuance | May 11, 2015 |
Net principal | $ 50,000 |
Discount | 0 |
Carrying value | $ 50,000 |
Interest rate | 8.00% |
Maturity date | May 11, 2016 |
Convertible Debt 10 | |
Issuance | Jun. 2, 2015 |
Net principal | $ 29,500 |
Discount | 0 |
Carrying value | $ 29,500 |
Interest rate | 8.00% |
Maturity date | Jun. 2, 2016 |
Convertible Debt 11 | |
Issuance | Jun. 2, 2015 |
Net principal | $ 45,966 |
Discount | 0 |
Carrying value | $ 45,966 |
Interest rate | 8.00% |
Maturity date | Jun. 2, 2016 |
Convertible Debt 12 | |
Issuance | Jun. 2, 2015 |
Net principal | $ 10,000 |
Discount | 0 |
Carrying value | $ 10,000 |
Interest rate | 8.00% |
Maturity date | Jun. 2, 2016 |
Convertible Debt 13 | |
Issuance | Jun. 2, 2015 |
Net principal | $ 58,540 |
Discount | 0 |
Carrying value | $ 58,540 |
Interest rate | 8.00% |
Maturity date | Jun. 2, 2016 |
Convertible Debt 14 | |
Issuance | Jun. 2, 2015 |
Net principal | $ 35,408 |
Discount | 0 |
Carrying value | $ 35,408 |
Interest rate | 8.00% |
Maturity date | Jun. 2, 2016 |
Convertible Debt 15 | |
Issuance | Jun. 2, 2015 |
Net principal | $ 20,758 |
Discount | 0 |
Carrying value | $ 20,758 |
Interest rate | 8.00% |
Maturity date | Jun. 2, 2016 |
Convertible Debt 16 | |
Issuance | Jun. 11, 2015 |
Net principal | $ 50,000 |
Discount | 0 |
Carrying value | $ 50,000 |
Interest rate | 8.00% |
Maturity date | Mar. 27, 2016 |
Convertible Debt 17 | |
Issuance | Jun. 19, 2015 |
Net principal | $ 30,464 |
Discount | 0 |
Carrying value | $ 30,464 |
Interest rate | 8.00% |
Maturity date | Jun. 19, 2016 |
Convertible Debt 18 | |
Issuance | Jun. 19, 2015 |
Net principal | $ 30,000 |
Discount | 0 |
Carrying value | $ 30,000 |
Interest rate | 8.00% |
Maturity date | Jun. 19, 2016 |
Convertible Debt 19 | |
Issuance | Jun. 19, 2015 |
Net principal | $ 35,408 |
Discount | 0 |
Carrying value | $ 35,408 |
Interest rate | 8.00% |
Maturity date | Jun. 19, 2016 |
Convertible Debt 20 | |
Issuance | Jun. 24, 2015 |
Net principal | $ 37,500 |
Discount | 0 |
Carrying value | $ 37,500 |
Interest rate | 8.00% |
Maturity date | Feb. 27, 2016 |
Convertible Debt 21 | |
Issuance | Jun. 24, 2015 |
Net principal | $ 35,000 |
Discount | 0 |
Carrying value | $ 35,000 |
Interest rate | 8.00% |
Maturity date | Feb. 12, 2016 |
Convertible Debt 22 | |
Issuance | Jun. 24, 2015 |
Net principal | $ 37,500 |
Discount | 0 |
Carrying value | $ 37,500 |
Interest rate | 8.00% |
Maturity date | Mar. 12, 2016 |
Convertible Debt 23 | |
Issuance | Jul. 7, 2015 |
Net principal | $ 75,000 |
Discount | 0 |
Carrying value | $ 75,000 |
Interest rate | 8.00% |
Maturity date | Oct. 7, 2015 |
Convertible Debt 24 | |
Issuance | Aug. 1, 2015 |
Net principal | $ 17,408 |
Discount | 0 |
Carrying value | $ 17,408 |
Interest rate | 8.00% |
Maturity date | Aug. 4, 2016 |
Convertible Debt 25 | |
Issuance | Aug. 1, 2015 |
Net principal | $ 30,000 |
Discount | 0 |
Carrying value | $ 30,000 |
Interest rate | 8.00% |
Maturity date | Aug. 1, 2016 |
Convertible Debt 26 | |
Issuance | Aug. 1, 2015 |
Net principal | $ 35,408 |
Discount | 0 |
Carrying value | $ 35,408 |
Interest rate | 8.00% |
Maturity date | Aug. 1, 2016 |
Convertible Debt 27 | |
Issuance | Sep. 21, 2015 |
Net principal | $ 64,744 |
Discount | 0 |
Carrying value | $ 64,744 |
Interest rate | 8.00% |
Maturity date | Sep. 21, 2016 |
Convertible Debt 28 | |
Issuance | May 3, 2016 |
Net principal | $ 50,000 |
Discount | 0 |
Carrying value | $ 50,000 |
Interest rate | 8.00% |
Maturity date | May 3, 2017 |
Convertible Debt 29 | |
Issuance | May 3, 2016 |
Net principal | $ 50,000 |
Discount | 0 |
Carrying value | $ 50,000 |
Interest rate | 8.00% |
Maturity date | May 11, 2016 |
Convertible Debt 30 | |
Issuance | May 3, 2016 |
Net principal | $ 29,500 |
Discount | 0 |
Carrying value | $ 29,500 |
Interest rate | 8.00% |
Maturity date | Jun. 2, 2016 |
Convertible Debt 31 | |
Issuance | May 3, 2016 |
Net principal | $ 45,965 |
Discount | 0 |
Carrying value | $ 45,965 |
Interest rate | 8.00% |
Maturity date | Jun. 2, 2016 |
Convertible Debt 32 | |
Issuance | May 24, 2016 |
Net principal | $ 61,571 |
Discount | 0 |
Carrying value | $ 61,571 |
Interest rate | 8.00% |
Maturity date | May 24, 2017 |
Convertible Debt 33 | |
Issuance | May 24, 2016 |
Net principal | $ 30,464 |
Discount | 0 |
Carrying value | $ 30,464 |
Interest rate | 8.00% |
Maturity date | Jun. 19, 2016 |
Convertible Debt 34 | |
Issuance | May 26, 2016 |
Net principal | $ 157,500 |
Discount | 0 |
Carrying value | $ 157,500 |
Interest rate | 8.00% |
Maturity date | May 26, 2017 |
Convertible Debt 35 | |
Issuance | Jun. 15, 2016 |
Net principal | $ 5,000 |
Discount | 0 |
Carrying value | $ 5,000 |
Interest rate | 8.00% |
Maturity date | Jun. 15, 2017 |
Convertible Debt 36 | |
Issuance | Jun. 3, 2016 |
Net principal | $ 160,000 |
Discount | 0 |
Carrying value | $ 160,000 |
Interest rate | 7.00% |
Maturity date | Sep. 8, 2017 |
Convertible Debt 37 | |
Issuance | Jun. 3, 2016 |
Net principal | $ 4,000 |
Discount | 0 |
Carrying value | $ 4,000 |
Interest rate | 7.00% |
Maturity date | Sep. 8, 2017 |
Convertible Debt 38 | |
Issuance | Jun. 15, 2016 |
Net principal | $ 50,000 |
Discount | 0 |
Carrying value | $ 50,000 |
Interest rate | 7.00% |
Maturity date | Sep. 8, 2017 |
Convertible Debt 39 | |
Issuance | Jun. 15, 2016 |
Net principal | $ 1,250 |
Discount | 0 |
Carrying value | $ 1,250 |
Interest rate | 7.00% |
Maturity date | Sep. 8, 2017 |
Convertible Debt 40 | |
Issuance | May 17, 2016 |
Net principal | $ 100,000 |
Discount | 0 |
Carrying value | $ 100,000 |
Interest rate | 7.00% |
Maturity date | Sep. 8, 2017 |
Convertible Debt 41 | |
Issuance | May 17, 2016 |
Net principal | $ 2,500 |
Discount | 0 |
Carrying value | $ 2,500 |
Interest rate | 7.00% |
Maturity date | Sep. 8, 2017 |
Convertible Debt 42 | |
Issuance | May 20, 2016 |
Net principal | $ 110,000 |
Discount | 0 |
Carrying value | $ 110,000 |
Interest rate | 7.00% |
Maturity date | Sep. 8, 2017 |
Convertible Debt 43 | |
Issuance | May 20, 2016 |
Net principal | $ 2,750 |
Discount | 0 |
Carrying value | $ 2,750 |
Interest rate | 7.00% |
Maturity date | Sep. 8, 2017 |
Convertible Debt 44 | |
Issuance | Jan. 27, 2016 |
Net principal | $ 250,000 |
Discount | 0 |
Carrying value | $ 250,000 |
Interest rate | 7.00% |
Maturity date | Jul. 27, 2017 |
Convertible Debt 45 | |
Issuance | Mar. 8, 2016 |
Net principal | $ 110,000 |
Discount | 0 |
Carrying value | $ 110,000 |
Interest rate | 7.00% |
Maturity date | Sep. 8, 2017 |
Convertible Debt 46 | |
Issuance | Jan. 27, 2016 |
Net principal | $ 18,750 |
Discount | 0 |
Carrying value | $ 18,750 |
Interest rate | 7.00% |
Maturity date | Jul. 27, 2017 |
Convertible Debt 47 | |
Issuance | Mar. 8, 2016 |
Net principal | $ 5,000 |
Discount | 0 |
Carrying value | $ 5,000 |
Interest rate | 7.00% |
Maturity date | Sep. 8, 2017 |
Convertible Debt 48 | |
Issuance | Mar. 8, 2016 |
Net principal | $ 90,000 |
Discount | 0 |
Carrying value | $ 90,000 |
Interest rate | 8.00% |
Maturity date | Sep. 8, 2017 |
Convertible Debt 49 | |
Issuance | Jul. 8, 2016 |
Net principal | $ 50,000 |
Discount | 0 |
Carrying value | $ 50,000 |
Interest rate | 7.00% |
Maturity date | Sep. 8, 2017 |
Convertible Debt 50 | |
Issuance | Aug. 4, 2016 |
Net principal | $ 110,000 |
Discount | 0 |
Carrying value | $ 110,000 |
Interest rate | 7.00% |
Maturity date | Sep. 8, 2017 |
Convertible Debt 51 | |
Issuance | Aug. 15, 2016 |
Net principal | $ 157,000 |
Discount | 0 |
Carrying value | $ 157,000 |
Interest rate | 7.00% |
Maturity date | Sep. 8, 2017 |
Convertible Debt 52 | |
Issuance | Sep. 12, 2016 |
Net principal | $ 83,000 |
Discount | 0 |
Carrying value | $ 83,000 |
Interest rate | 7.00% |
Maturity date | Sep. 8, 2017 |
Convertible Debt 53 | |
Issuance | Jul. 8, 2016 |
Net principal | $ 1,250 |
Discount | 0 |
Carrying value | $ 1,250 |
Interest rate | 7.00% |
Maturity date | Sep. 8, 2017 |
Convertible Debt 54 | |
Issuance | Aug. 4, 2016 |
Net principal | $ 2,750 |
Discount | 0 |
Carrying value | $ 2,750 |
Interest rate | 7.00% |
Maturity date | Sep. 8, 2017 |
Convertible Debt 55 | |
Issuance | Aug. 15, 2016 |
Net principal | $ 3,925 |
Discount | 0 |
Carrying value | $ 3,925 |
Interest rate | 7.00% |
Maturity date | Sep. 8, 2017 |
Convertible Debt 56 | |
Issuance | Sep. 12, 2016 |
Net principal | $ 2,075 |
Discount | 0 |
Carrying value | $ 2,075 |
Interest rate | 7.00% |
Maturity date | Sep. 8, 2017 |
Convertible Debt 57 | |
Issuance | Aug. 4, 2016 |
Net principal | $ 110,000 |
Discount | 0 |
Carrying value | $ 110,000 |
Interest rate | 8.00% |
Maturity date | Aug. 4, 2017 |
Convertible Debt 58 | |
Issuance | Aug. 15, 2016 |
Net principal | $ 157,500 |
Discount | 0 |
Carrying value | $ 157,500 |
Interest rate | 8.00% |
Maturity date | Aug. 15, 2017 |
Convertible Debt 59 | |
Issuance | Sep. 8, 2016 |
Net principal | $ 80,000 |
Discount | 0 |
Carrying value | $ 80,000 |
Interest rate | 8.00% |
Maturity date | Sep. 8, 2017 |
Convertible Debt 60 | |
Issuance | Nov. 11, 2016 |
Net principal | $ 80,000 |
Discount | 0 |
Carrying value | $ 80,000 |
Interest rate | 8.00% |
Maturity date | Nov. 11, 2017 |
Convertible Debt 61 | |
Issuance | Dec. 5, 2016 |
Net principal | $ 88,000 |
Discount | 0 |
Carrying value | $ 88,000 |
Interest rate | 8.00% |
Maturity date | Dec. 5, 2017 |
Convertible Debt 62 | |
Issuance | Jan. 9, 2017 |
Net principal | $ 84,000 |
Discount | 0 |
Carrying value | $ 84,000 |
Interest rate | 8.00% |
Maturity date | Jan. 6, 2018 |
Convertible Debt 63 | |
Issuance | Mar. 13, 2017 |
Net principal | $ 32,000 |
Discount | 0 |
Carrying value | $ 32,000 |
Interest rate | 8.00% |
Maturity date | Mar. 13, 2018 |
Convertible Debt 64 | |
Issuance | Feb. 2, 2017 |
Net principal | $ 90,198 |
Discount | 0 |
Carrying value | $ 90,198 |
Interest rate | 8.00% |
Maturity date | Feb. 2, 2018 |
Convertible Debt 65 | |
Issuance | Mar. 15, 2017 |
Net principal | $ 96,000 |
Discount | 0 |
Carrying value | $ 96,000 |
Interest rate | 8.00% |
Maturity date | Mar. 15, 2018 |
Convertible Debt 66 | |
Issuance | Oct. 7, 2016 |
Net principal | $ 465,000 |
Discount | 0 |
Carrying value | $ 465,000 |
Interest rate | 7.00% |
Maturity date | Apr. 7, 2018 |
Convertible Debt 67 | |
Issuance | Nov. 7, 2016 |
Net principal | $ 295,000 |
Discount | 0 |
Carrying value | $ 295,000 |
Interest rate | 7.00% |
Maturity date | May 7, 2018 |
Convertible Debt 68 | |
Issuance | Dec. 12, 2016 |
Net principal | $ 295,000 |
Discount | 0 |
Carrying value | $ 295,000 |
Interest rate | 7.00% |
Maturity date | Jun. 12, 2018 |
Convertible Debt 69 | |
Issuance | Jan. 18, 2017 |
Net principal | $ 295,000 |
Discount | 0 |
Carrying value | $ 295,000 |
Interest rate | 7.00% |
Maturity date | Apr. 7, 2018 |
Convertible Debt 70 | |
Issuance | Apr. 7, 2017 |
Net principal | $ 25,000 |
Discount | 0 |
Carrying value | $ 25,000 |
Interest rate | 8.00% |
Maturity date | Apr. 7, 2018 |
Convertible Debt 71 | |
Issuance | May 3, 2017 |
Net principal | $ 27,000 |
Discount | 0 |
Carrying value | $ 27,000 |
Interest rate | 8.00% |
Maturity date | May 3, 2018 |
Convertible Debt 72 | |
Issuance | May 5, 2017 |
Net principal | $ 30,000 |
Discount | 0 |
Carrying value | $ 30,000 |
Interest rate | 8.00% |
Maturity date | May 5, 2018 |
Convertible Debt 73 | |
Issuance | Jun. 2, 2017 |
Net principal | $ 790,965 |
Discount | 0 |
Carrying value | $ 793,858 |
Interest rate | 10.00% |
Maturity date | Jun. 2, 2018 |
Convertible Debt 74 | |
Issuance | Jul. 21, 2017 |
Net principal | $ 27,000 |
Discount | 0 |
Carrying value | $ 27,000 |
Interest rate | 8.00% |
Maturity date | Jul. 21, 2018 |
Convertible Debt 75 | |
Issuance | Aug. 14, 2018 |
Net principal | $ 30,000 |
Discount | 27,107 |
Carrying value | $ 2,893 |
Interest rate | 10.00% |
Maturity date | Dec. 31, 2018 |
Convertible Debt 76 | |
Issuance | Jul. 21, 2017 |
Net principal | $ 24,000 |
Discount | 0 |
Carrying value | $ 790,965 |
Interest rate | 10.00% |
Maturity date | Jul. 21, 2018 |
10. CONVERTIBLE DEBENTURES (D_2
10. CONVERTIBLE DEBENTURES (Details Narrative) - USD ($) | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Debt Disclosure [Abstract] | ||
Proceeds from convertible debentures | $ 310,965 | $ 979,770 |
Transaction costs | 255 | 90,250 |
Accretion and interest expense | 1,874,931 | $ 2,714,869 |
Principal amount | $ 6,299,407 |
11. LOSS ON INVESTMENT AND IN_2
11. LOSS ON INVESTMENT AND INTANGIBLE ASSET (Details Narrative) - USD ($) | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Loss On Investment And Intangible Asset Details Narrative | ||
Loss on investment | $ 0 | $ 175,000 |