Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Jun. 30, 2019 | Aug. 20, 2019 | |
Document And Entity Information | ||
Entity Registrant Name | Friendable, Inc. | |
Entity Central Index Key | 0001414043 | |
Document Type | 10-Q | |
Document Period End Date | Jun. 30, 2019 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Is Entity's Reporting Status Current? | No | |
Entity Filer Category | Non-accelerated Filer | |
Entity Emerging Growth Company | false | |
Entity Small Business | true | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 5,553,310,369 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2019 |
CONSOLIDATED BALANCE SHEETS (Un
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) | Jun. 30, 2019 | Dec. 31, 2018 |
Current Assets | ||
Cash | $ 0 | $ 25,646 |
Accounts receivable | 263 | 0 |
Total current assets | 263 | 25,646 |
TOTAL ASSETS | 263 | 25,646 |
Current Liabilities | ||
Accounts payable | 3,330,873 | 3,863,577 |
Convertible debentures short-term (Note 9) | 6,299,407 | 6,299,407 |
Promissory note (Note 10) | 106,510 | 100,559 |
Total current liabilities | 9,736,790 | 10,263,543 |
TOTAL LIABILITIES | 9,736,790 | 10,263,543 |
Going concern (Note 1) | ||
Commitments (Note 7) | ||
Contingency (Note 12) | ||
STOCKHOLDERS' DEFICIT | ||
Preferred stock, 50,000,000 shares authorized at par value of $0.0001, 21,267 (December 31, 2018 - 21,267 ) shares issued and outstanding (Note 3) | 2 | 2 |
Common stock, 15,000,000,000 shares authorized at par value of $0.0001, 5,553,310,369 (December 31, 2018 - 5,553,310,369) shares issued and outstanding (Note 3) | 555,331 | 555,331 |
Additional paid-in capital | 12,471,743 | 11,471,743 |
Common stock subscriptions receivable (Note 7) | 245,868 | (4,500) |
Deficit | (23,009,471) | (22,260,473) |
Total Stockholders' Deficit | (9,736,527) | (10,237,897) |
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $ 263 | $ 25,646 |
CONSOLIDATED BALANCE SHEETS (_2
CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares | Jun. 30, 2019 | Dec. 31, 2018 |
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 | 5,553,310,369 |
Common stock, outstanding | 5,553,310,369 | 5,553,310,369 |
CONSOLIDATED STATEMENTS OF COMP
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Income Statement [Abstract] | ||||
REVENUES | $ 856 | $ 1,401 | $ 1,861 | $ 4,482 |
OPERATING EXPENSES | ||||
Accretion and interest expense (Note 9, 10) | 131,905 | 529,268 | 264,557 | 1,396,829 |
App hosting (Note 7) | 767 | 139,970 | 15,767 | 279,425 |
Commissions | 257 | 421 | 558 | 1,305 |
General and administrative (Note 7) | 193,711 | 193,247 | 390,253 | 411,185 |
Product development (Note 7) | 25,000 | 0 | 55,588 | 0 |
Sales and marketing | 17,925 | 1,097 | 24,136 | 1,587 |
TOTAL OPERATING EXPENSES | 369,565 | 864,003 | 750,859 | 2,090,331 |
LOSS FROM OPERATIONS | (368,709) | (862,602) | (748,998) | (2,085,849) |
NET LOSS AND COMPREHENSIVE LOSS | $ (368,709) | $ (862,602) | $ (748,998) | $ (2,085,849) |
BASIC LOSS PER SHARE | $ 0 | $ 0 | $ 0 | $ 0 |
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING | 5,553,310,369 | 5,553,310,369 | 5,553,310,369 | 5,435,934,678 |
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, 2017 | 5,010,310,369 | 21,267 | ||||
Begining 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 9), shares | 543,000,000 | |||||
Conversion of convertible notes (Note 9), amount | $ 54,300 | 6,000 | 60,300 | |||
Issuance of convertible notes (net (Note 10) | 307,965 | 307,965 | ||||
Net loss for the year | (3,122,004) | (3,122,004) | ||||
Ending balance, shares at Dec. 31, 2018 | 5,553,310,369 | 21,267 | ||||
Ending balance, amount at Dec. 31, 2018 | $ 555,331 | $ 2 | 11,471,743 | (4,500) | (22,260,473) | (10,237,897) |
Common stock subscriptions received | 250,368 | 250,368 | ||||
Debt Forgiveness (Note 7, 11) | 1,000,000 | 1,000,000 | ||||
Net loss for the year | (748,998) | (748,998) | ||||
Ending balance, shares at Jun. 30, 2019 | 5,553,310,369 | 21,267 | ||||
Ending balance, amount at Jun. 30, 2019 | $ 555,331 | $ 2 | $ 12,471,743 | $ 245,868 | $ (23,009,471) | $ (9,736,527) |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) | 6 Months Ended | |
Jun. 30, 2019 | Jun. 30, 2018 | |
Cash Flows from Operating Activities: | ||
Net loss | $ (748,998) | $ (2,085,849) |
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities: | ||
Interest on convertible debentures and promissory note | 264,557 | 277,949 |
Accretion expense | 0 | 1,118,879 |
Changes in Operating Assets and Liabilities | ||
Increase in accounts receivable | (263) | (632) |
Increase in accounts payable | 208,690 | 444,041 |
Net Cash Used in Operating Activities | (276,014) | (245,612) |
Cash Flows Probided by Financing Activities: | ||
Proceeds from convertible debentures (net) | 0 | 250,965 |
Proceeds from common stock subscription received | 250,368 | 0 |
Net Cash Provided by Financing Activities | 250,368 | 250,965 |
Net Increase (Decrease) in Cash | (25,646) | 5,353 |
Cash on Hand - Beginning | 25,646 | 0 |
Cash on Hand - Ending | 0 | 5,353 |
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 | $ 0 | $ 0 |
1. NATURE OF BUSINESS AND GOING
1. NATURE OF BUSINESS AND GOING CONCERN | 6 Months Ended |
Jun. 30, 2019 | |
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 June 30, 2019, the Company has a working capital deficiency of $9,736,527 and has an accumulated deficit of $23,009,471 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 | 6 Months Ended |
Jun. 30, 2019 | |
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 consolidated 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 six months ended June 30, 2019, the Company incurred $16,970 (June 30, 2018: $1,396) 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 six months ended June 30, 2019 and 2018, the Company did not have any allowance for doubtful accounts. Financial Instruments Financial assets and financial liabilities are recognized in the consolidated balance sheet when the Company has become party to the contractual provisions of the instruments. The Company’s financial instruments consist of accounts payable, convertible debentures and promissory note. 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 consolidated 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 June 30, 2019, there were approximately 61,125,546,528 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 February 2016, the FASB issued ASU No. 2016-02, Leases (ASC Topic 842) (“ASU 2016-02”), which requires lessees to recognize at the commencement date for all leases, with the exception of short-term leases, (i) a lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis, and (ii) a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. ASU 2016-02 will take effect for public companies for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The ASU requires adoption using a modified retrospective transition approach with either (a) periods prior to the adoption date being recast or (b) a cumulative-effect adjustment recognized to the opening balance of retained earnings on the adoption date with prior periods not recast. The the adoption of ASU No. 2016-02 did not have an effect on its consolidated financial statements. |
3. COMMON AND PREFERRED STOCK
3. COMMON AND PREFERRED STOCK | 6 Months Ended |
Jun. 30, 2019 | |
Equity [Abstract] | |
COMMON AND PREFERRED STOCK | Common Stock: Issued during 2019 None. Issued during 2018 During the 12 months ended December 31, 2018, the Company issued 543,000,000 shares of common stock to various convertible note holders for full and partial conversion of the notes. 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. Stock Subscriptions Received: During the six months ended June 30, 2019, the Company sold a number of its common shares to be issued upon the completion of the reverse split of the Company’s stock as set forth in the Company’s filing on Form 14C as filed with the Commission on May 7, 2018. The total number of post-split shares to be issued is 994 ,000. As the split is not yet effective, the Company has not issued these shares. The share numbers set forth below represent the post-split number of shares to be issued by the Company. During the six months ended June 30, 2019, the Company received $250,368 in proceeds related to Security Purchase Agreements (SPA’s) for the purchase of common stock in the Company. The SPA’s are of two separate types. In the first type of SPA, the holders are entitled to shares of the Company’s stock and Company founders pledge to match the shares on a 1:1 basis from their personal shares. In the second type of SPA, investors will be issued common stock and revenue sharing rights, plus, depending on investments levels holders will be awarded app subscriptions, merchandise, backstage passes to celebrity events, and travel expenses. As of June 30, 2019, no shares or awards have been issued in relation to these SPA’s. |
4. SHARE PURCHASE WARRANTS
4. SHARE PURCHASE WARRANTS | 6 Months Ended |
Jun. 30, 2019 | |
Share-based Payment Arrangement [Abstract] | |
SHARE PURCHASE WARRANTS | Balance of share purchase warrants as of June 30, 2019 and year ended June 30, 2018 are: Weighted Average Exercise Number of Warrants Price $ Balance, June 30, 2018 1,096,335,757 0.004 Balance, June 30, 2019 1,096,335,757 0.004 |
5. STOCK-BASED COMPENSATION
5. STOCK-BASED COMPENSATION | 6 Months Ended |
Jun. 30, 2019 | |
Share-based Payment Arrangement, Noncash Expense [Abstract] | |
STOCK BASED COMPENSATION | On November 22, 2011, the Board of Directors of the Company 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 June 30, 2019: 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 June 30, 2019, 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, 2017 3,075 1,044 6.57 - Outstanding and exercisable, June 30, 2018 3,075 1,044 5.57 - Outstanding and exercisable, June 30, 2019 3,075 1,044 4. 57 - |
6. COMMITMENTS
6. COMMITMENTS | 6 Months Ended |
Jun. 30, 2019 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS | The following table summarizes the Company’s significant contractual obligations as of June 30, 2019: $ Employment Agreements (1) 150,000 (1) Employment agreements with related parties. |
7. RELATED PARTY TRANSACTIONS A
7. RELATED PARTY TRANSACTIONS AND BALANCES | 6 Months Ended |
Jun. 30, 2019 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS AND BALANCES | During the six months ended June 30, 2019, the Company incurred $229,600 (2018: $229,600) in salaries to officers and directors with such costs being recorded as general and administrative expenses. During the six months ended June 30, 2019, the Company incurred $15,767, $55,000, and $30,000 (2018: $279,305, $0, and $30,000) 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 June 30, 2019, the Company had a stock subscription receivable totaling $4,500 (December 31, 2018: $4,500) from an officer and director and from a company with an officer and director in common. As of June 30, 2019, accounts payable includes $82,566 (December 31, 2018: $721,099) payable to a company with two officers and directors in common, and $581,331 (December 31, 2018: $798,580) payable in salaries to directors and officers of the Company. The amounts are unsecured, non-interest bearing and are due on demand. During the six months ended June 30, 2019, three officers forgave debt totaling $400,000 and a company controlled by two officers of the Company forgave debt totaling $600,000. The debt forgiveness was considered a capital transaction and therefore $1,000,000 was recorded as an increase in additional paid-in capital as of June 30, 2019. The above transactions were recorded at their exchange amounts, being the amounts agreed by the related parties. |
8. FAIR VALUE MEASUREMENTS
8. FAIR VALUE MEASUREMENTS | 6 Months Ended |
Jun. 30, 2019 | |
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 and promissory note approximates their carrying values as the underlying imputed interest rates approximates the estimated current market rate for similar instruments. As of June 30, 2019, there were no assets or liabilities measured at fair value on a recurring basis presented on the Company’s consolidated balance sheet, other than cash. |
9. CONVERTIBLE DEBENTURES
9. CONVERTIBLE DEBENTURES | 6 Months Ended |
Jun. 30, 2019 | |
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 - 790,965 10 % 21-Jul-18 s) d ) 14-Aug-18 30,000 - 30,000 10 % 31-Dec-18 s) d ) 21-Jul-17 24,000 - 24,000 10 % 21-Jul-18 6,299,407 - 6,299,407 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. At June 30, 2019, 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 June 30, 2019 the conversion features and non-standard anti-dilution provisions would not meet derivative classification. Convertible debentures with maturity dates prior to June 30, 2019 are now due on demand. |
10. PROMISSORY NOTE
10. PROMISSORY NOTE | 6 Months Ended |
Jun. 30, 2019 | |
Debt Disclosure [Abstract] | |
PROMISSORY NOTE | On December 14, 2018, the Company issued a promissory note for proceeds of $100,000 at 12% interest per annum. The maturity date of the note is December 14, 2019. The note includes a conversion feature that entitles the holder to receive 1.63% equity ownership of Friendable, Inc. and 18.2% equity ownership of Fan Pass, Inc. upon conversion. During the six months ended June 30, 2019, the Company incurred $5,951 in interest expense in connection with the promissory note. 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 June 30, 2019 the conversion features and non-standard anti-dilution provisions would not meet derivative classification. |
11. DEBT RESTRUCTURE AGREEMENT
11. DEBT RESTRUCTURE AGREEMENT | 6 Months Ended |
Jun. 30, 2019 | |
Debt Disclosure [Abstract] | |
DEBT RESTRUCTURE AGREEMENT | On March 26, 2019, the Company entered into a Debt Restructuring Agreement with related parties Robert A. Rositano Jr., Dean Rositano, Frank Garcia, and Checkmate Mobile, Inc. and Alpha Capital Anstalt, Coventry Enterprises, LLC, Palladium Capital Advisors, LLC, EMA Financial, LLC, Michael Finkelstein, and Barbara R. Mittman, each being a debt holder of the Company. The debt holders have agreed to convert their debt into certain amounts of common stock as set forth in the Agreement upon the Company meeting certain milestones including but not limited to: the Company effecting a reverse stock split and maintaining a stock price of $1.00 per share; being current with its periodic report filings pursuant to the Securities Exchange Act; Checkmate Mobile, Inc. and Company officers forgiving an aggregate of $1,000,000 in amounts owed to them; the Company raising not less than $400,000 in common stock at a post-split price of not less than $0.20 per share; and certain other things as further set forth in the Agreement. The debt holders will be subject to certain lock up and leak out provisions as contained in the Agreement. |
12. CONTINGENCY
12. CONTINGENCY | 6 Months Ended |
Jun. 30, 2019 | |
Commitments and Contingencies Disclosure [Abstract] | |
CONTINGENCY | Integrity Media, Inc. (“Integrity”) had previously filed a lawsuit against the Company and the CEO of the Company for $500,000 alleging breach of contract alleging the Company failed to deliver marketable securities in exchange for services. The Company answered the allegations in court and Integrity filed a motion attacking the Company’s answers. The court did not strike the answers but the clerk of the court entered a default judgment against the Company in the amount of $1,192,875 plus 10% interest. On May 8, 2019, the Company received a tentative ruling on the Company’s motion to vacate the default judgement whereby the previously entered default judgement has now been voided and a trial date of August 26, 2019 has been set. The Company fully intends to defend itself against these allegations and believes that the claim is without merit. |
13. SUBSEQUENT EVENTS
13. SUBSEQUENT EVENTS | 6 Months Ended |
Jun. 30, 2019 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | Subsequent to June 30, 2019, the Company received $75,000 in proceeds related to Security Purchase Agreements (SPA’s) for the purchase of Series B preferred stock in the Company. As of August 20, 2019, no shares have been issued in relation to these SPA’s. Subsequent to June 30, 2019, the Company entered in an agreement with a third party to develop a web and mobile application for use on IOS, Android, and the web. As of August 20, 2019, the Company has received a startup payment of $38,000. On July 3, 2019, Alpha Capital Anstalt sold and assigned all of its Notes, with the Company to Ellis International LP. Simultaneously therewith, Ellis joined the Debt Restructure Agreement taking the place of Alpha Capital. Alpha Capital is no longer a debt holder of the Company. There were no changes in terms of any of the Notes acquired by Ellis from Alpha Capital and no changes to the Debt Restructure Agreement as a result of the Assignment by By Alpha Capital to Ellis or as a result of Ellis's joinder in the Debt Restructure Agreement. |
2. SUMMARY OF SIGNIFICANT ACC_2
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 6 Months Ended |
Jun. 30, 2019 | |
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 consolidated 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 six months ended June 30, 2019, the Company incurred $16,970 (June 30, 2018: $1,396) 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 six months ended June 30, 2019 and 2018, the Company did not have any allowance for doubtful accounts. |
Financial Instruments | Financial assets and financial liabilities are recognized in the consolidated balance sheet when the Company has become party to the contractual provisions of the instruments. The Company’s financial instruments consist of accounts payable, convertible debentures and promissory note. 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 consolidated 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 June 30, 2019, there were approximately 61,125,546,528 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 February 2016, the FASB issued ASU No. 2016-02, Leases (ASC Topic 842) (“ASU 2016-02”), which requires lessees to recognize at the commencement date for all leases, with the exception of short-term leases, (i) a lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis, and (ii) a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. ASU 2016-02 will take effect for public companies for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The ASU requires adoption using a modified retrospective transition approach with either (a) periods prior to the adoption date being recast or (b) a cumulative-effect adjustment recognized to the opening balance of retained earnings on the adoption date with prior periods not recast. The the adoption of ASU No. 2016-02 did not have an effect on its consolidated financial statements. |
4. SHARE PURCHASE WARRANTS (Tab
4. SHARE PURCHASE WARRANTS (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Share-based Payment Arrangement [Abstract] | |
Share purchase warrants | Weighted Average Exercise Number of Warrants Price $ Balance, June 30, 2018 1,096,335,757 0.004 Balance, June 30, 2019 1,096,335,757 0.004 |
5. STOCK-BASED COMPENSATION (Ta
5. STOCK-BASED COMPENSATION (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Share-based Payment Arrangement, Noncash Expense [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, 2017 3,075 1,044 6.57 - Outstanding and exercisable, June 30, 2018 3,075 1,044 5.57 - Outstanding and exercisable, June 30, 2019 3,075 1,044 4. 57 - |
6. COMMITMENTS (Tables)
6. COMMITMENTS (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments | $ Employment Agreements (1) 150,000 (1) Employment agreements with related parties. |
9. CONVERTIBLE DEBENTURES (Tabl
9. CONVERTIBLE DEBENTURES (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
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 - 790,965 10 % 21-Jul-18 s) d ) 14-Aug-18 30,000 - 30,000 10 % 31-Dec-18 s) d ) 21-Jul-17 24,000 - 24,000 10 % 21-Jul-18 6,299,407 - 6,299,407 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 - $0.0078. s) Convertible debenture is secured. |
1. NATURE OF BUSINESS AND GOI_2
1. NATURE OF BUSINESS AND GOING CONCERN (Details Narrative) - USD ($) | Jun. 30, 2019 | Dec. 31, 2018 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Working capital deficiency | $ (9,736,527) | |
Accumulated deficit | $ (23,009,471) | $ (22,260,473) |
2. SUMMARY OF SIGNIFICANT ACC_3
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) | 6 Months Ended | |
Jun. 30, 2019 | Jun. 30, 2018 | |
Accounting Policies [Abstract] | ||
Advertising costs | $ 16,970 | $ 1,396 |
Allowance for doubtful accounts | $ 0 | $ 0 |
Potentially dilutive shares outstanding | 61,125,546,528 |
3. COMMON AND PREFERRED STOCK (
3. COMMON AND PREFERRED STOCK (Details Narrative) - USD ($) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2019 | Dec. 31, 2018 | |
Equity [Abstract] | ||
Stock issued | $ 0 | $ 543,000,000 |
4. SHARE PURCHASE WARRANTS (Det
4. SHARE PURCHASE WARRANTS (Details) - $ / shares | Jun. 30, 2019 | Dec. 31, 2018 |
Share-based Payment Arrangement [Abstract] | ||
Number of warrants outstanding | 1,096,335,757 | 1,096,335,757 |
Weighted average exercise price outstanding | $ 0.004 | $ 0.004 |
5. STOCK-BASED COMPENSATION (De
5. STOCK-BASED COMPENSATION (Details) | 6 Months Ended |
Jun. 30, 2019USD ($)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 | 50 |
Stock Option 3 | |
Option price per share | $ | $ 134 |
Number | shares | 850 |
5. STOCK-BASED COMPENSATION (_2
5. STOCK-BASED COMPENSATION (Details 1) - USD ($) | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Share-based Payment Arrangement, Noncash Expense [Abstract] | |||
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 6 months 25 days | 5 years 6 months 25 days | 4 years 6 months 25 days |
Aggregate intrinsic value, outstanding and exercisable | $ 0 | $ 0 | $ 0 |
6. COMMITMENTS (Details)
6. COMMITMENTS (Details) | Jun. 30, 2019USD ($) |
Commitments and Contingencies Disclosure [Abstract] | |
Employment agreements | $ 150,000 |
7. RELATED PARTY TRANSACTIONS_2
7. RELATED PARTY TRANSACTIONS AND BALANCES (Details Narrative) - USD ($) | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Dec. 31, 2018 | |
App hosting | $ 15,767 | $ 279,305 | |
App development | 55,000 | 0 | |
Rent | 30,000 | 30,000 | |
Officer | |||
Salaries payable | 229,600 | $ 229,600 | |
Stock subscription receivable | 4,500 | $ 4,500 | |
Related party accounts payable | 82,566 | 721,099 | |
Salaries payable | $ 581,331 | $ 798,580 |
9. CONVERTIBLE DEBENTURES (Deta
9. CONVERTIBLE DEBENTURES (Details) | 6 Months Ended |
Jun. 30, 2019USD ($) | |
Net principal | $ 6,299,407 |
Discount | 0 |
Carrying value | $ 6,299,407 |
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 | $ 790,965 |
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 | 0 |
Carrying value | $ 30,000 |
Interest rate | 10.00% |
Maturity date | Dec. 31, 2018 |
Convertible Debt 76 | |
Issuance | Jul. 21, 2017 |
Net principal | $ 24,000 |
Discount | 0 |
Carrying value | $ 24,000 |
Interest rate | 10.00% |
Maturity date | Jul. 21, 2018 |