Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Sep. 30, 2019 | Nov. 05, 2019 | |
Document And Entity Information | ||
Entity Registrant Name | Bravo Multinational Inc. | |
Entity Central Index Key | 0001444839 | |
Document Type | 10-Q/A | |
Document Period End Date | Sep. 30, 2019 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2019 | |
Current Fiscal Year End Date | --12-31 | |
Amendment Flag | false | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Incorporation State Code | DE | |
Entity File Number | 000-53505 | |
Entity Transition Period | false | |
Entity Common Stock, Shares Outstanding | 8,929,057 |
CONSOLIDATED BALANCE SHEETS - U
CONSOLIDATED BALANCE SHEETS - UNAUDITED - USD ($) | Sep. 30, 2019 | Dec. 31, 2018 |
Current Assets | ||
Cash and Cash Equivalents | $ 6,456 | $ 50 |
Accounts Receivable (Net of Allowance of $42,312 and $42,312, respectively) | ||
Note Receivable (Net of Allowance of $2,725 and $2,725, respectively) | ||
Notes Receivable - Related Party (Net of Allowance of $418,000 and $418,000, respectively) | ||
Prepaid Expenses | 10,000 | |
Total current assets | 6,456 | 10,050 |
Property and Equipment - Net of Accumulated Depreciation | 14 | 184 |
Total Assets | 6,470 | 10,234 |
Liabilities | ||
Accounts Payable and Accrued Expenses | 106,542 | 109,946 |
Customer Deposits | 35,800 | 35,800 |
Inventory Loan Payable - Related Party | 4,500 | 4,500 |
Due to Related Parties | 80,423 | 80,224 |
Notes payable | 9,490 | 9,490 |
Accrued Board of Directors Fees | 266,000 | 266,000 |
Stock Payable - Related Parties | 1,608,126 | 1,578,126 |
Total liabilities | 2,110,881 | 2,084,086 |
Commitments and Contingencies (Note 12) | ||
Stockholders' Deficit | ||
Common Stock - $0.0001 Par; 1,000,000,000 Shares Authorized, 8,929,057 and 8,779,057 Issued and Outstanding, Respectively | 892 | 877 |
Preferred Stock - $0.0001 Par; 50,000,000 Shares Authorized, -0- Issued and Outstanding | ||
Additional Paid-In-Capital | 27,399,949 | 27,263,993 |
Accumulated deficit | (29,505,252) | (29,338,722) |
Total Stockholders' Deficit | (2,104,411) | (2,073,852) |
Total Liabilities and Stockholders' Deficit | $ 6,470 | $ 10,234 |
CONSOLIDATED BALANCE SHEETS -_2
CONSOLIDATED BALANCE SHEETS - UNAUDITED (Parenthetical) - USD ($) | Sep. 30, 2019 | Dec. 31, 2018 |
Statement of Financial Position [Abstract] | ||
Allowance for Doubtful Accounts | $ 42,312 | $ 42,312 |
Allowance for Notes Receivable Current | 2,725 | 2,725 |
Allowance for Notes Receivable - Related Party | $ 418,000 | $ 418,000 |
Common stock, par value per share | $ 0.0001 | $ 0.0001 |
Common stock, shares authorized | 1,000,000,000 | 1,000,000,000 |
Common stock, shares issued | 8,929,057 | 8,779,057 |
Common stock, shares outstanding | 8,929,057 | 8,779,057 |
Preferred stock, par value per share | $ 0.0001 | $ 0.0001 |
Preferred stock, shares authorized | 50,000,000 | 50,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
CONSOLIDATED STATEMENTS OF OPER
CONSOLIDATED STATEMENTS OF OPERATIONS - UNAUDITED - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Expenses | ||||
Depreciation | $ 57 | $ 57 | $ 170 | $ 170 |
General and Administrative | 11,354 | 2,411 | 16,780 | 9,267 |
Consulting Expense - Related Party | 30,000 | 30,000 | ||
Professional Fees | 41,580 | 362 | 117,918 | 4,053 |
Board of Directors Fees | 105,000 | 352,500 | ||
Total Expenses | 82,991 | 107,830 | 164,868 | 365,990 |
Loss from Operations | 82,991 | 107,830 | 164,868 | 365,990 |
Other Expenses | ||||
Interest Expense | 87 | 336,162 | 1,662 | 752,248 |
Loss on Loan Conversion | 45,000 | |||
Total Other Expenses | 87 | 336,162 | 1,662 | 797,248 |
Loss Before Income Taxes | 83,078 | 443,992 | 166,530 | 1,163,238 |
Income Taxes | ||||
Net Loss for the Period | $ 83,078 | $ 443,992 | $ 166,530 | $ 1,163,238 |
Weighted Average Number of Common Shares - Basic and Diluted | 8,901,035 | 8,779,057 | 8,819,716 | 6,306,865 |
Net Loss Per Common Shares - Basic and Diluted | $ (0.01) | $ (0.05) | $ (0.02) | $ (0.18) |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($) | 9 Months Ended | |
Sep. 30, 2019 | Sep. 30, 2018 | |
Cash Flows from Operating Activities | ||
Net Loss for the Period | $ (166,530) | $ (1,163,238) |
Non-Cash Adjustments: | ||
Depreciation | 170 | 170 |
Common Stock Issued for Current Year Board of Directors Fees | 142,500 | |
Loss on Loan Conversion | 45,000 | |
Interest Expense on Notes Payable | 91,189 | |
Interest Expense - Amortization of Debt Discount | 661,059 | |
Changes in Assets and Liabilities: | ||
Prepaid Expenses | 10,000 | |
Accounts Payable and Accrued Expenses | (3,404) | 5,477 |
Stock Payable - Related Parties | 30,000 | |
Accrued Board of Directors Fees | 210,000 | |
Net Cash Flows Used In Operating Activities | (129,764) | (7,843) |
Cash Flows from Investing Activities | ||
Cash Flows from Financing Activities | ||
Cash Proceeds from Sale of Stock | 30,000 | |
Due to Related Parties, Net | 199 | 7,919 |
Capital Contributions - Directors | 105,971 | |
Net Cash Flows Provided by Financing Activities | 136,170 | 7,919 |
Net Change in Cash and Cash Equivalents | 6,406 | 76 |
Cash and Cash Equivalents - Beginning of Period | 50 | 64 |
Cash and Cash Equivalents - End of Period | 6,456 | 140 |
Cash Paid During the Period for: | ||
Interest | ||
Income Taxes | ||
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||
Common Stock Exchanged for Debt Conversion | 45,000 | |
Beneficial Conversion Feature from Convertible Notes | $ 811,912 |
CONSOLIDATED STATEMENTS OF STOC
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIT - UNAUDITED - USD ($) | Common Stock [Member] | Preferred Stock [Member] | Additional Paid-In Capital [Member] | Accumulated Deficit [Member] | Total |
Balance at Dec. 31, 2017 | $ 380 | $ 25,758,235 | $ (27,938,281) | $ (2,179,666) | |
Balance, shares at Dec. 31, 2017 | 3,812,390 | ||||
Common Stock Issued to Pay Accrued Board of Directors Fees | $ 33 | 399,167 | 399,500 | ||
Common Stock Issued to Pay Accrued Board of Directors Fees, shares | 3,329,167 | ||||
Common Stock Issued to Pay Note Payable | $ 45 | 89,955 | 90,000 | ||
Common Stock Issued to Pay Note Payable, shares | 450,000 | ||||
Common Stock Issued for Current Year Board of Directors Fees | $ 119 | 142,381 | 142,500 | ||
Common Stock Issued for Current Year Board of Directors Fees, shares | 1,187,500 | ||||
Beneficial Conversion Feature from Convertible Notes | 811,912 | 811,912 | |||
Net Loss for the Period | (1,163,238) | (1,163,238) | |||
Balance at Sep. 30, 2018 | $ 877 | 27,201,650 | (29,101,519) | (1,898,992) | |
Balance, shares at Sep. 30, 2018 | 8,779,057 | ||||
Balance at Jun. 30, 2018 | $ 877 | 27,201,650 | (28,657,527) | (1,950,681) | |
Balance, shares at Jun. 30, 2018 | 8,779,057 | ||||
Net Loss for the Period | (443,992) | (443,992) | |||
Balance at Sep. 30, 2018 | $ 877 | 27,201,650 | (29,101,519) | (1,898,992) | |
Balance, shares at Sep. 30, 2018 | 8,779,057 | ||||
Balance at Dec. 31, 2018 | $ 877 | 27,263,993 | (29,338,722) | (2,073,852) | |
Balance, shares at Dec. 31, 2018 | 8,779,057 | ||||
Cash Proceeds from Sale of Stock | $ 15 | 29,985 | 30,000 | ||
Cash Proceeds from Sale of Stock, shares | 150,000 | ||||
Beneficial Conversion Feature from Convertible Notes | |||||
Capital Contributions - Directors | 105,971 | 105,971 | |||
Net Loss for the Period | (166,530) | (166,530) | |||
Balance at Sep. 30, 2019 | $ 892 | 27,399,949 | (29,505,252) | (2,104,411) | |
Balance, shares at Sep. 30, 2019 | 8,929,057 | ||||
Balance at Jun. 30, 2019 | $ 877 | 27,342,061 | (29,422,174) | (2,079,236) | |
Balance, shares at Jun. 30, 2019 | 8,779,057 | ||||
Cash Proceeds from Sale of Stock | $ 15 | 29,985 | 30,000 | ||
Cash Proceeds from Sale of Stock, shares | 150,000 | ||||
Capital Contributions - Directors | 27,903 | 27,903 | |||
Net Loss for the Period | (83,078) | (83,078) | |||
Balance at Sep. 30, 2019 | $ 892 | $ 27,399,949 | $ (29,505,252) | $ (2,104,411) | |
Balance, shares at Sep. 30, 2019 | 8,929,057 |
Organization & Description of B
Organization & Description of Business | 9 Months Ended |
Sep. 30, 2019 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Organization & Description of Business | NOTE 1 Organization & Description of Business Bravo Multinational Corporation (the Company, we or us) was originally formed as Montrose Ventures, Inc. in the State of Delaware on May 25, 1989. On April 23, 1996, the Companys name was changed to Java Group, Inc., and on September 1, 2004 the name was changed to Consolidated General Corp. On August 7, 2007, the companys name was changed to GoldCorp Holdings Co. On October 15, 2010, our name was changed to GoldLand Holdings Co. On April 6, 2016, we changed our corporate name to Bravo Multinational Incorporated. On March 22, 2016, the board of directors of the company, pursuant to Section 242 of the Delaware General Corporation Law, determined it was in the best interests of the company that the name of the company should be changed to Bravo Multinational Incorporated, with such change of name to be effective upon compliance with all regulatory requirements mandated by FINRA. Further, as a result of the change of the companys name and upon satisfaction of all regulatory requirements, the trading symbol for the shares of the companys common stock should be changed to BRVO, and the companys CUSIP identifier be changed to a newly issued number. FINRA granted its approval of the change of the companys name on April 6, 2016. As a result of the change of name of the company, the companys trading symbol was changed to BRVO and the CUSIP identifier was changed to 10568F109. The Company filed a Form 8-K with the SEC on April 7, 2016, announcing the change of name, trading symbol, and CUSIP identifier. The Company owned patented and unpatented mining claims on War Eagle Mountain in the state of Idaho. The Company entered into a lease agreement with Silver Falcon Mining, Inc. (SFMI) under which SFMI was entitled to mine the land and the Company was entitled to a 15% net royalty on all minerals extracted by SFMI from tailing piles on the premises or through shafts or adits located on the premises. The lease agreement was deferred for a two year period, 2014 and 2015, so that SFMI could restructure its finances. The Company determined that SFMI was unable to pay the lease and that any debt owing by SFMI to the Company was not recoverable. The Company currently owns 76.63 acres within seven patented claims with a 29.167% ownership interest on War Eagle Mountain in the state of Idaho. The Company allowed all of its BLM (Bureau of Land Management) unpatented and placer claims to expire. The carrying value on such claims both patented and unpatented was fully impaired due to lack of economic viabilities of such properties. The Company is engaged in the business of buying and reselling gaming equipment. The Company also buys machines for its own use that are placed in casinos or gaming areas to obtain monthly revenue streams from the machines net win revenue. On May 4, 2016 the company entered into an agreement to purchase 500 gaming machines from Centro de Entretenimiento y Diversion Mombacho S.A., a Nicaraguan corporation, a company owned by our consultant and major shareholder, Julios Kosta. On May 6, 2016 the transaction closed and an initial purchase of 150 gaming machines was completed, with the balance of machines to be purchased over approximately 18 months prior to December 31, 2017. On December 31, 2017 this contract was terminated along with the contract with GameTouch LLC. This initial purchase was paid for with the issuance of 41,667 common restricted shares valued at $337,500 of the registrant and an open loan held by the seller in the amount of $337,500 at an annual rate of 3.5%. Through the year ended December 31, 2016, the Company contracted GameTouch LLC, a company owned by our consultant and major shareholder, Julios Kosta to re-sell this equipment. For each gaming machine that GameTouch sold they received a commission of $950. During the year ended December 31, 2017 the Company purchased 200 machines from Centro de Entretenimiento to fulfill its contract. Due to civil unrest and the devastation of Hurricane Nate in Nicaragua in October 2017, the Company wrote off the remaining two (2) machines that were held in inventory on December 31, 2017 in the amount of $9,000. On August 16, 2017, the Company purchased 300 gaming machines with the intention of placing these machines in casinos where they will be producing a revenue stream monthly based on net wins of the each machine . |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2019 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | NOTE 2 Summary of Significant Accounting Policies Basis of Presentation The accompanying condensed balance sheet at December 31, 2018, has been derived from audited financial statements and the accompanying unaudited condensed interim financial statements as of September 30, 2019 and 2018, have been prepared in accordance with generally accepted accounting principles generally accepted in the United States of America (GAAP) for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements, and should be read in conjunction with the audited financial statements and related footnotes included in our Annual report on Form 10-K for the year ended December 31, 2018 (the 2018 Annual Report), filed with the Securities and Exchange Commission (the SEC). It is managements opinion, however, that all material adjustments (consisting of normal recurring adjustments), have been made which are necessary for a fair financial statements presentation. Operating results for the three and nine months ended September 30, 2019, are not necessarily indicative of the results of operations expected for the year ending December 31, 2019. Principles of Consolidation The consolidated financial statements include the accounts of Bravo Multinational Incorporated, and its wholly owned subsidiary, Universal Entertainment SAS, Ltd., (the Company). All significant inter-company balances have been eliminated in consolidation. During the year ended December 31, 2017, management recognized that Universal is an inactive Florida corporation which no longer operates. Method of Accounting The Companys consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP). Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash and Cash Equivalents Cash and cash equivalents may include time deposits, certificates of deposit, and all highly liquid debt instruments with original maturities of three months or less. The Company maintains cash and cash equivalents at financial institutions located in the United States, which periodically may exceed federally insured amounts. Accounts Receivable Accounts receivable are customer obligations due under normal trade terms which are recorded at net realizable value. The Company establishes an allowance for doubtful accounts based on managements assessment of collectability of trade receivables. A considerable amount of judgment is required in assessing the amount of the allowance. The Company makes judgments about creditworthiness of each customer based on ongoing credit evaluations and monitors current economic trends that might impact the level of credit losses in the future. If the financial condition of the customers were to deteriorate, resulting in their inability to make payments, a specific allowance will be required. Inventory The Company calculates inventory utilizing the first-in, first-out method (FIFO) valued at the individually identified cost per machine. If the estimated net realizable value is the estimated selling price in the ordinary course of business, and is lower than its cost, the inventory item is written down to its estimated net realizable value, which is valued at each reporting period. Provisions for inventory write-downs are included in cost of revenues in the consolidated statements of operations. Once written down, inventories are carried at this lower cost basis until sold or scrapped. Due to civil unrest and the devastation of Hurricane Nate in Nicaragua in October 2017, the Company wrote off the remaining two (2) machines that were held in inventory on December 31, 2017 in the amount of $9,000. At September 30, 2019 and December 31, 2018 there were -0- gaming machines in inventory valued at $-0-. Earnings (Loss) per Share Earnings (loss) per share of common stock are computed in accordance with FASB ASC 260 Earnings per Share. Basic earnings (loss) per share are computed by dividing income or loss available to common shareholders by the weighted-average number of common shares outstanding for each period. Diluted earnings per share are calculated by adjusting the weighted average number of shares outstanding assuming conversion of all potentially dilutive stock options, warrants and convertible securities, if dilutive. Common stock equivalents that are anti-dilutive are excluded from both diluted weighted average number of common shares outstanding and diluted earnings (loss) per share. Stock Based Compensation The Company has issued and may issue stock in lieu of cash for certain transactions. The fair value of the stock, which is based on comparable cash purchases, third party fair values of shares or the value of services, whichever is more readily determinable, is used to value the transaction. Fair Value Measurements The estimated fair values for financial instruments are determined at discrete points in time based on relevant market information. These estimates involve uncertainties and cannot be determined with precision. The carrying amounts of accounts payable, accrued liabilities, and notes payable approximate fair value. We adopted ASC Topic 820 for financial instruments measured at fair value on a recurring basis. ASC Topic 820 defines fair value, establishes a framework for measuring fair value in accordance with accounting principles generally accepted in the United States and expands disclosures about fair value measurements. Fair value 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. ASC Topic 820 establishes a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include: · Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets; · Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and · Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. The estimated fair values for financial instruments are determined at discrete points in time based on relevant market information. These estimates involve uncertainties and cannot be determined with precision. The carrying amounts of accounts receivable, inventory, notes payable, accounts payable, accrued liabilities approximate fair value given their short term nature or effective interest rates. We measure certain financial instruments at fair value on a recurring basis. Revenue Recognition Beginning January 1, 2018, the Company implemented ASC 606, Revenue from Contracts with Customers The Company recognizes revenue and cost of goods sold from product sales or services rendered when control of the promised goods are transferred to our clients in an amount that reflects the consideration to which we expect to be entitled in exchange for those goods and services. To achieve this core principle, we apply the following five steps: identify the contract with the client, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to performance obligations in the contract and recognize revenues when or as the Company satisfies a performance obligation. The guidance requires increased disclosures, including qualitative and quantitative disclosures about the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. The Company operates as one reportable segment. Gaming machine revenue is the net win from gaming machines which is the difference between gaming wins and losses. Revenue is recognized at month end when the gaming win/loss is calculated. There was $-0- gaming win/loss revenue for each of the three and nine month periods ended September 30, 2019 and 2018. Property and Equipment Property and equipment are recorded at cost. Depreciation is provided for on the straight-line method over the estimated useful lives of the assets. Computer equipment is depreciated on the straight-line method over five (5) years. Equipment used to generate revenues is depreciated on the straight-line method over seven (7) years and is included in cost of sales. Maintenance and repairs that neither materially add to the value of the property nor appreciably prolong its life are charged to expense as incurred. Betterments or renewals are capitalized when incurred. Impairment of Long-Lived Assets Management evaluates the Companys long-lived assets, excluding goodwill, that consist of property, plant and equipment and intangible assets, for indicators of possible impairment when events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. Impairment exists if the carrying amounts of such assets exceed the estimates of future net undiscounted cash flows expected to be generated by such assets. Should impairment exist, the impairment loss would be measured based on the excess carrying amount of the asset over the estimated fair value of the asset. Fair value is determined through various valuation techniques, including discounted cash flow models, quoted market values and third-party independent appraisers, as considered necessary. Beneficial Conversion Feature In accordance with FASB ASC 470-20, Debt with Conversion and Other Options the Company records a beneficial conversion feature (BCF) related to the issuance of convertible debt or preferred stock instruments that have conversion features at fixed rates that are in-the-money when issued. The BCF for the convertible instruments is recognized and measured by allocating a portion of the proceeds equal to the intrinsic value of that feature to additional paid-in capital. The intrinsic value is generally calculated at the commitment date as the difference between the conversion price and the fair value of the common stock or other securities into which the security is convertible, multiplied by the number of shares into which the security is convertible. If certain other securities are issued with the convertible security, the proceeds are allocated among the different components. The portion of the proceeds allocated to the convertible security is divided by the contractual number of the conversion shares to determine the effective conversion price, which is used to measure the BCF. The effective conversion price is used to compute the intrinsic value. The value of the BCF is limited to the basis that is initially allocated to the convertible security. |
Recently Issued Accounting Pron
Recently Issued Accounting Pronouncements | 9 Months Ended |
Sep. 30, 2019 | |
Accounting Policies [Abstract] | |
Recently Issued Accounting Pronouncements | NOTE 3 Recently Issued Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect and that may impact its consolidated financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. In February 2016, the FASB issued ASU 2016-02, Leases. The standard requires lessees to recognize lease assets and lease liabilities on the consolidated balance sheet and requires expanded disclosures about leasing arrangements. We will adopt the standard on fiscal year January 1, 2019. Based on our assessment of the new standard on our condensed consolidated financial statements, which will consist primarily of a balance sheet gross up of our operating leases to show equal and offsetting lease assets and lease liabilities, we have concluded that the impact will be insignificant to our condensed consolidated financial statements based on the short-term nature of our leases and our election of such practical expedient. In June 2018, the FASB issued ASU 2018-07, Compensation - Stock Compensation (Topic 718) Compensation - Stock Compensation (Topic 718) |
Going Concern
Going Concern | 9 Months Ended |
Sep. 30, 2019 | |
GOING CONCERN [Abstract] | |
Going Concern | NOTE 4 Going Concern The Companys consolidated financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has reported recurring losses from operations. As a result, there is an accumulated deficit at September 30, 2019. While the Company is attempting to continue operations and generate revenues, the Companys cash position may not be significant enough to support the Companys daily operations. Management intends to raise additional funds by way of a public or private offering. Management believes that the actions presently being taken to further implement the Companys business plan and generate revenues provide the opportunity for the Company to continue as a going concern. While the Company believes in the viability of its strategy to generate revenues and in its ability to raise additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon the Companys ability to further implement its business plan and generate revenues. |
Accounts Receivable
Accounts Receivable | 9 Months Ended |
Sep. 30, 2019 | |
Receivables [Abstract] | |
Accounts Receivable | NOTE 5 Accounts Receivable Accounts receivable consisted of the following at September 30, 2019 and December 31, 2018: September 30, December 31, 2019 2018 Accounts Receivable $ 42,312 $ 42,312 Less: Allowance for Doubtful Accounts (42,312) (42,312) Net Accounts Receivable $ $ Due to civil unrest and the devastation of Hurricane Nate in Nicaragua in October 2017, the Company wrote off the machine income that was in accounts receivable on December 31, 2017 in the amount of $42,312. The Allowance for Doubtful Accounts in the amount of $42,312 was collected but it remains in Nicaragua because of the political instability, social unrest, and US Government's trade and economic sanctions; no transfer of funds to the US can be done at this time. Since these issues have yet to be resolved both domestically and internationally with Nicaragua, the $42,312 amount has not been paid in the US and has been written-off. Since the revenue was earned and collected in Nicaragua, the revenue remains recognized as an account receivable. |
Notes Receivable - Related Part
Notes Receivable - Related Parties | 9 Months Ended |
Sep. 30, 2019 | |
Notes Receivable - Related Parties | |
Notes Receivable - Related Parties | NOTE 6 Notes Receivable Related Parties Notes receivable related parties consisted of the following at September 30, 2019 and December 31, 2018: September 30, December 31, 2019 2018 Investcom See Note 8 Related Party $ 342,000 $ 342,000 Rentcom See Note 8 Related Party 76,000 76,000 Total Notes Receivable 418,000 418,000 Less: Allowance for Doubtful Accounts (418,000) (418,000) Net Notes Receivable Related Parties $ $ Since no collections have been received on the above notes through the date of this report, the Company has allowed for these notes receivable in full at September 30, 2019 and December 31, 2018. |
Property and Equipment
Property and Equipment | 9 Months Ended |
Sep. 30, 2019 | |
Property, Plant and Equipment [Abstract] | |
Property and Equipment | NOTE 7 Property and Equipment Property and equipment consisted September 30, December 31, 2019 2018 Furniture and Equipment $ 708 $ 708 Less: Accumulated Depreciation (694) (524) Net Property, Plant and Equipment $ 14 $ 184 For each of the three and nine months ended September 30, 2019 and 2018 depreciation expense was $57 and $170, respectively. |
Related Party Transactions
Related Party Transactions | 9 Months Ended |
Sep. 30, 2019 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | NOTE 8 Related Party Transactions During the year ended December 31, 2017, one hundred ten (110) gaming machines were sold to a company controlled by Mr. Paul Parliament, the Companys former chief executive officer, for a total of $770,000. The sales were financed by a notes receivable in the amount of $342,000. Due to uncertainty of repayment, the notes receivable of $342,000 were allowed for as a bad debt at December 31, 2017 (See Note 6). The above mentioned sales were also paid for by reducing Mr. Parliaments note payable from the Company in the amount of $76,000. During the year ended December 31, 2017, seventy-five (75) gaming machines were sold to a company controlled by Mr. Doug Brooks, a former director of the Company, for a total of $525,000. The sale reduced the note payable to Mr. Brooks in the amount of $209,000. The sale was also financed by a note receivable in the amount of $76,000. Due to uncertainty of repayment, the note receivable of $76,000 was allowed for as a bad debt at December 31, 2017 (See Note 6). Due to Related Parties consist of payments of Company expenses by the Companys three (3) directors and related party, Julios Kosta. Amounts due were $80,423 and $80,224 at September 30, 2019 and December 31, 2018, respectively. The Company utilizes the services of Yes International Inc., which is controlled by Mr. Richard Kaiser who is a member of the Board of Directors. Yes International provides all services at no cost except for press release wire services. For each of the three and nine months ended September 30, 2019 and 2018 the Company paid press release wire services in the amount of $-0-. The Company also currently operates out of the Yes International Inc., offices at no cost. During the three and nine months ended September 30, 2019, $30,000 was expensed to consulting expense due to the completion of the Companys consulting agreement with Paul Parliament, former chief executive officer. Stock payable related parties consisted of the following at September 30, 2019 and December 31, 2018: September 30, December 31, 2019 2018 Doug Brooks $ 285,270 $ 285,270 Rich Kaiser 117,476 117,476 Julios Kosta 468,628 468,628 Marsadi Parliament 268,279 268,279 Paul Parliament 468,473 438,473 Total Stock Payable Related Parties $ 1,608,126 $ 1,578,126 Payment of the above stock which amounts to 7,963,801 shares and is deferred until the Company becomes fully reporting again. All future interest based on the original note terms has also been waived by all parties. |
Notes Payable
Notes Payable | 9 Months Ended |
Sep. 30, 2019 | |
Debt Disclosure [Abstract] | |
Notes Payable | NOTE 9 Notes Payable Notes Payable consists of the following unsecured notes: September 30, December 31, 2019 2018 Al Yee 7% Interest, Matures January 2017 $ 5,000 $ 5,000 Michael Walkil Non Interest Bearing, Due on Demand 4,490 4,490 Total Notes Payable $ 9,490 $ 9,490 Interest expense on Mr. Yees loan for the three months ended September 30, 2019 and 2018 was $87 and $-0-, respectively. Interest expense on Mr. Yees loan for the nine months ended September 30, 2019 and 2018 was $1,662 and $-0-, respectively. Interest expense from January 2015 (note inception) through June 30, 2019 in the amount of $1,575 was recorded in June 2019. |
Inventory Loan Payable - Relate
Inventory Loan Payable - Related Party | 9 Months Ended |
Sep. 30, 2019 | |
Inventory Loan Payable Abstract | |
Inventory Loan Payable - Related Party | NOTE 10 Inventory Loan Payable Related Party Inventory loan payable is a non-interest bearing loan due to Centro de Entretenimiento y Diversion Mombacho S.A., a related party. Payment of $2,250 per gaming equipment sold is due immediately once the sale of gaming equipment is complete. Amount due at September 30, 2019 and December 31, 2018 was $4,500. |
Capital Stock
Capital Stock | 9 Months Ended |
Sep. 30, 2019 | |
Stockholders' Equity Note [Abstract] | |
Capital Stock | NOTE 11 Capital Stock Preferred Stock On January 16, 2017, the Company amended its certificate of incorporation to authorize an increase in preferred shares to 50,000,000 from 5,000,000. Preferred stock can be converted into 10 shares of common stock and have voting rights equal to 100 shares of common stock. During the year ended December 31, 2017, 5,000,000 shares were returned by their respective shareholders. No compensation was given for the stock that was returned. Common Stock On January 16, 2017 the Articles of Incorporation were amended to increase the authorized shares to 1,050,000,000, consisting of 1,000,000,000 shares of common stock. Reverse Stock Split On January 16, 2017, the Company approved a one-for-three hundred (1:300) reverse stock split. This reverse stock split became effective as of the close of business on January 16, 2017. The reverse stock split had no effect on the par value of its common stock and did not reduce the number of authorized shares of common stock but reduced the number of issued and outstanding shares of common stock by the ratio. Accordingly, the issued and outstanding shares, stock options disclosures, net loss per share, and other per share disclosures for all periods presented have been retrospectively adjusted to reflect the impact of this reverse stock split. Stock Compensation Plan On March 15, 2018, the Company resolved to adopt the Employees, Officers, Directors and Consultants Stock Plan for the Year 2018. The purpose of this Plan is to enable the Company, to promote the interests of the company and its stockholders by attracting and retaining employees, officers, directors and consultants capable of furthering the future success of the Company and by aligning their economic interests more closely with those of the companys stockholders, by paying their retainers or fees in the form of shares of the Companys common stock. The Plan shall expire on March 15, 2028. As of September 30, 2019, no shares had been issued from this plan. |
Commitments and Contingencies
Commitments and Contingencies | 9 Months Ended |
Sep. 30, 2019 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | NOTE 12 Commitments and Contingencies Beginning in 2018, the Company leases space at Yes International Inc., a related party, at no cost. Rent expense for the each of the three and nine months ended September 30, 2019 and 2018 was $-0-. |
Subsequent Events
Subsequent Events | 9 Months Ended |
Sep. 30, 2019 | |
Subsequent Events [Abstract] | |
Subsequent Events | NOTE 13 - Subsequent Events On October 4, 2019 the Company amended its Articles of Incorporation to designate 10,000,000 shares of its preferred stock to Preferred Stock Series A. The Series A will have a par value of $0.0001 per share, will be entitles to receive one hundred (100) time the dividends per share of common stock, will have 100:1 stock voting rights, 100:1 liquidation rights and conversion ratio of 1:100 to common stock. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2019 | |
Summary Of Significant Accounting Policies | |
Basis of Presentation | Basis of Presentation The accompanying condensed balance sheet at December 31, 2018, has been derived from audited financial statements and the accompanying unaudited condensed interim financial statements as of September 30, 2019 and 2018, have been prepared in accordance with generally accepted accounting principles generally accepted in the United States of America (GAAP) for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements, and should be read in conjunction with the audited financial statements and related footnotes included in our Annual report on Form 10-K for the year ended December 31, 2018 (the 2018 Annual Report), filed with the Securities and Exchange Commission (the SEC). It is managements opinion, however, that all material adjustments (consisting of normal recurring adjustments), have been made which are necessary for a fair financial statements presentation. Operating results for the three and nine months ended September 30, 2019, are not necessarily indicative of the results of operations expected for the year ending December 31, 2019. |
Principles of Consolidation | Principles of Consolidation The consolidated financial statements include the accounts of Bravo Multinational Incorporated, and its wholly owned subsidiary, Universal Entertainment SAS, Ltd., (the Company). All significant inter-company balances have been eliminated in consolidation. During the year ended December 31, 2017, management recognized that Universal is an inactive Florida corporation which no longer operates. |
Method of Accounting | Method of Accounting The Companys consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP). |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. |
Cash and Cash Equivalents | Cash and Cash Equivalents Cash and cash equivalents may include time deposits, certificates of deposit, and all highly liquid debt instruments with original maturities of three months or less. The Company maintains cash and cash equivalents at financial institutions located in the United States, which periodically may exceed federally insured amounts. |
Accounts Receivable | Accounts Receivable Accounts receivable are customer obligations due under normal trade terms which are recorded at net realizable value. The Company establishes an allowance for doubtful accounts based on managements assessment of collectability of trade receivables. A considerable amount of judgment is required in assessing the amount of the allowance. The Company makes judgments about creditworthiness of each customer based on ongoing credit evaluations and monitors current economic trends that might impact the level of credit losses in the future. If the financial condition of the customers were to deteriorate, resulting in their inability to make payments, a specific allowance will be required. |
Inventory | Inventory The Company calculates inventory utilizing the first-in, first-out method (FIFO) valued at the individually identified cost per machine. If the estimated net realizable value is the estimated selling price in the ordinary course of business, and is lower than its cost, the inventory item is written down to its estimated net realizable value, which is valued at each reporting period. Provisions for inventory write-downs are included in cost of revenues in the consolidated statements of operations. Once written down, inventories are carried at this lower cost basis until sold or scrapped. Due to civil unrest and the devastation of Hurricane Nate in Nicaragua in October 2017, the Company wrote off the remaining two (2) machines that were held in inventory on December 31, 2017 in the amount of $9,000. At September 30, 2019 and December 31, 2018 there were -0- gaming machines in inventory valued at $-0-. |
Earnings (Loss) per Share | Earnings (Loss) per Share Earnings (loss) per share of common stock are computed in accordance with FASB ASC 260 Earnings per Share. Basic earnings (loss) per share are computed by dividing income or loss available to common shareholders by the weighted-average number of common shares outstanding for each period. Diluted earnings per share are calculated by adjusting the weighted average number of shares outstanding assuming conversion of all potentially dilutive stock options, warrants and convertible securities, if dilutive. Common stock equivalents that are anti-dilutive are excluded from both diluted weighted average number of common shares outstanding and diluted earnings (loss) per share. |
Stock Based Compensation | Stock Based Compensation The Company has issued and may issue stock in lieu of cash for certain transactions. The fair value of the stock, which is based on comparable cash purchases, third party fair values of shares or the value of services, whichever is more readily determinable, is used to value the transaction. |
Fair Value Measurements | Fair Value Measurements The estimated fair values for financial instruments are determined at discrete points in time based on relevant market information. These estimates involve uncertainties and cannot be determined with precision. The carrying amounts of accounts payable, accrued liabilities, and notes payable approximate fair value. We adopted ASC Topic 820 for financial instruments measured at fair value on a recurring basis. ASC Topic 820 defines fair value, establishes a framework for measuring fair value in accordance with accounting principles generally accepted in the United States and expands disclosures about fair value measurements. Fair value 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. ASC Topic 820 establishes a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include: · Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets; · Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and · Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. The estimated fair values for financial instruments are determined at discrete points in time based on relevant market information. These estimates involve uncertainties and cannot be determined with precision. The carrying amounts of accounts receivable, inventory, notes payable, accounts payable, accrued liabilities approximate fair value given their short term nature or effective interest rates. We measure certain financial instruments at fair value on a recurring basis. |
Revenue Recognition | Revenue Recognition Beginning January 1, 2018, the Company implemented ASC 606, Revenue from Contracts with Customers The Company recognizes revenue and cost of goods sold from product sales or services rendered when control of the promised goods are transferred to our clients in an amount that reflects the consideration to which we expect to be entitled in exchange for those goods and services. To achieve this core principle, we apply the following five steps: identify the contract with the client, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to performance obligations in the contract and recognize revenues when or as the Company satisfies a performance obligation. The guidance requires increased disclosures, including qualitative and quantitative disclosures about the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. The Company operates as one reportable segment. Gaming machine revenue is the net win from gaming machines which is the difference between gaming wins and losses. Revenue is recognized at month end when the gaming win/loss is calculated. There was $-0- gaming win/loss revenue for each of the three and nine month periods ended September 30, 2019 and 2018. |
Property and Equipment | Property and Equipment Property and equipment are recorded at cost. Depreciation is provided for on the straight-line method over the estimated useful lives of the assets. Computer equipment is depreciated on the straight-line method over five (5) years. Equipment used to generate revenues is depreciated on the straight-line method over seven (7) years and is included in cost of sales. Maintenance and repairs that neither materially add to the value of the property nor appreciably prolong its life are charged to expense as incurred. Betterments or renewals are capitalized when incurred. |
Impairment of Long-Lived Assets | Impairment of Long-Lived Assets Management evaluates the Companys long-lived assets, excluding goodwill, that consist of property, plant and equipment and intangible assets, for indicators of possible impairment when events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. Impairment exists if the carrying amounts of such assets exceed the estimates of future net undiscounted cash flows expected to be generated by such assets. Should impairment exist, the impairment loss would be measured based on the excess carrying amount of the asset over the estimated fair value of the asset. Fair value is determined through various valuation techniques, including discounted cash flow models, quoted market values and third-party independent appraisers, as considered necessary. |
Beneficial Conversion Feature | Beneficial Conversion Feature In accordance with FASB ASC 470-20, Debt with Conversion and Other Options the Company records a beneficial conversion feature (BCF) related to the issuance of convertible debt or preferred stock instruments that have conversion features at fixed rates that are in-the-money when issued. The BCF for the convertible instruments is recognized and measured by allocating a portion of the proceeds equal to the intrinsic value of that feature to additional paid-in capital. The intrinsic value is generally calculated at the commitment date as the difference between the conversion price and the fair value of the common stock or other securities into which the security is convertible, multiplied by the number of shares into which the security is convertible. If certain other securities are issued with the convertible security, the proceeds are allocated among the different components. The portion of the proceeds allocated to the convertible security is divided by the contractual number of the conversion shares to determine the effective conversion price, which is used to measure the BCF. The effective conversion price is used to compute the intrinsic value. The value of the BCF is limited to the basis that is initially allocated to the convertible security. |
Accounts Receivable (Tables)
Accounts Receivable (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Receivables [Abstract] | |
Schedule of Accounts Receivable | Accounts receivable consisted of the following at September 30, 2019 and December 31, 2018: September 30, December 31, 2019 2018 Accounts Receivable $ 42,312 $ 42,312 Less: Allowance for Doubtful Accounts (42,312) (42,312) Net Accounts Receivable $ $ |
Notes Receivable - Related Pa_2
Notes Receivable - Related Parties (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Notes Receivable - Related Parties | |
Schedule of Notes Receivable Related Parties | Notes receivable related parties consisted of the following at September 30, 2019 and December 31, 2018: September 30, December 31, 2019 2018 Investcom See Note 8 Related Party $ 342,000 $ 342,000 Rentcom See Note 8 Related Party 76,000 76,000 Total Notes Receivable 418,000 418,000 Less: Allowance for Doubtful Accounts (418,000) (418,000) Net Notes Receivable Related Parties $ $ |
Property and Equipment (Tables)
Property and Equipment (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Property, Plant and Equipment [Abstract] | |
Schedule of Property and Equipment | Property and equipment consisted September 30, December 31, 2019 2018 Furniture and Equipment $ 708 $ 708 Less: Accumulated Depreciation (694) (524) Net Property, Plant and Equipment $ 14 $ 184 |
Related Party Transactions (Tab
Related Party Transactions (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Related Party Transactions [Abstract] | |
Schedule of Stock Payable Related Parties | Stock payable related parties consisted of the following at September 30, 2019 and December 31, 2018: September 30, December 31, 2019 2018 Doug Brooks $ 285,270 $ 285,270 Rich Kaiser 117,476 117,476 Julios Kosta 468,628 468,628 Marsadi Parliament 268,279 268,279 Paul Parliament 468,473 438,473 Total Stock Payable Related Parties $ 1,608,126 $ 1,578,126 |
Notes Payable (Tables)
Notes Payable (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Debt Disclosure [Abstract] | |
Schedule of Unsecured Notes | Notes Payable consists of the following unsecured notes: September 30, December 31, 2019 2018 Al Yee 7% Interest, Matures January 2017 $ 5,000 $ 5,000 Michael Walkil Non Interest Bearing, Due on Demand 4,490 4,490 Total Notes Payable $ 9,490 $ 9,490 |
Organization & Description of_2
Organization & Description of Business (Details) - USD ($) | May 04, 2016 | Dec. 31, 2017 | Sep. 30, 2019 | Dec. 31, 2018 |
Business Acquisition [Line Items] | ||||
Inventory | $ 0 | $ 0 | ||
Note payable | $ 9,490 | $ 9,490 | ||
GameTouch LLC [Member] | ||||
Business Acquisition [Line Items] | ||||
Commissions | $ 950 | |||
Centro de Entretenimiento y Diversion Mombacho S.A. [Member] | ||||
Business Acquisition [Line Items] | ||||
Debt instrument face amount | $ 337,500 | |||
Debt instrument interest rate percentage | 3.50% | |||
Inventory | 9,000 | |||
Amount of machines returned | 3,618,000 | |||
Accumulated depreciation | 258,325 | |||
Note payable | $ 1,748,700 | |||
Centro de Entretenimiento y Diversion Mombacho S.A. [Member] | Common Stock [Member] | ||||
Business Acquisition [Line Items] | ||||
Issuance of common stock for purchase of gaming equipment, shares | 41,667 | |||
Julios Kosta owner of Centro de Entretenimiento [Member] | ||||
Business Acquisition [Line Items] | ||||
Shares returned | 1,463,593 |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Details) - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | Dec. 31, 2017 | Dec. 31, 2018 | |
Property, Plant and Equipment [Line Items] | ||||||
Inventory | $ 0 | $ 0 | $ 0 | |||
Revenue recognized | $ 0 | $ 0 | $ 0 | $ 0 | ||
Inventory written off | $ 9,000 | |||||
Minimum [Member] | ||||||
Property, Plant and Equipment [Line Items] | ||||||
Useful life of Equipment | 5 years | |||||
Maximum [Member] | ||||||
Property, Plant and Equipment [Line Items] | ||||||
Useful life of Equipment | 7 years |
Accounts Receivable (Schedule o
Accounts Receivable (Schedule of Accounts Receivable) (Details) - USD ($) | Sep. 30, 2019 | Dec. 31, 2018 |
Receivables [Abstract] | ||
Accounts Receivable | $ 42,312 | $ 42,312 |
Less: Allowance for Doubtful Accounts | (42,312) | (42,312) |
Net Accounts Receivable |
Notes Receivable - Related Pa_3
Notes Receivable - Related Parties (Schedule of Notes Receivable Related Parties) (Details) - USD ($) | Sep. 30, 2019 | Dec. 31, 2018 |
Related Party Transaction [Line Items] | ||
Total Notes Receivable | $ 418,000 | $ 418,000 |
Less: Allowance for Doubtful Accounts | (418,000) | (418,000) |
Net Notes Receivable - Related Parties | ||
Investcom [Member] | ||
Related Party Transaction [Line Items] | ||
Total Notes Receivable | 342,000 | 342,000 |
Rentcom [Member] | ||
Related Party Transaction [Line Items] | ||
Total Notes Receivable | $ 76,000 | $ 76,000 |
Property and Equipment (Narrati
Property and Equipment (Narrative) (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Property, Plant and Equipment [Abstract] | ||||
Depreciation expense | $ 57 | $ 170 | $ 57 | $ 170 |
Property and Equipment (Schedul
Property and Equipment (Schedule of Property and Equipment) (Details) - USD ($) | Sep. 30, 2019 | Dec. 31, 2018 |
Property, Plant and Equipment [Abstract] | ||
Furniture and Equipment | $ 708 | $ 708 |
Less: Accumulated Depreciation | (694) | (524) |
Net Property, Plant and Equipment | $ 14 | $ 184 |
Related Party Transactions (Nar
Related Party Transactions (Narrative) (Details) - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | Dec. 31, 2017 | Dec. 31, 2018 | |
Related Party Transaction [Line Items] | ||||||
Number of shares payable to related parties | 7,963,801 | |||||
Consulting Expense - Related Party | $ 30,000 | $ 30,000 | ||||
Chief Executive Officer [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Related party transaction | $ 770,000 | |||||
Proceeds from note payable | 76,000 | |||||
Financing receivable, sale | 342,000 | |||||
Bad debt | 342,000 | |||||
Mr. Doug Brooks [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Related party transaction | 525,000 | |||||
Proceeds from note payable | 209,000 | |||||
Financing receivable, sale | 76,000 | |||||
Director [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Due to related parties | 80,423 | 80,423 | $ 80,224 | |||
Bad debt | $ 76,000 | |||||
Richard Kaiser [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Amount of press release wire services | $ 0 | $ 0 | $ 0 | $ 0 |
Related Party Transactions (Sch
Related Party Transactions (Schedule of Stock Payable Related Parties) (Details) - USD ($) | Sep. 30, 2019 | Dec. 31, 2018 |
Related Party Transaction [Line Items] | ||
Stock Payable - Related Parties | $ 1,608,126 | $ 1,578,126 |
Doug Brooks [Member] | ||
Related Party Transaction [Line Items] | ||
Stock Payable - Related Parties | 285,270 | 285,270 |
Rich Kaiser [Member] | ||
Related Party Transaction [Line Items] | ||
Stock Payable - Related Parties | 117,476 | 117,476 |
Julios Kosta [Member] | ||
Related Party Transaction [Line Items] | ||
Stock Payable - Related Parties | 468,628 | 468,628 |
Marsadi Parliament [Member] | ||
Related Party Transaction [Line Items] | ||
Stock Payable - Related Parties | 268,279 | 268,279 |
Paul Parliament [Member] | ||
Related Party Transaction [Line Items] | ||
Stock Payable - Related Parties | $ 468,473 | $ 438,473 |
Notes Payable (Schedule of Unse
Notes Payable (Schedule of Unsecured Notes) (Details) - USD ($) | 3 Months Ended | 9 Months Ended | 54 Months Ended | |||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | Jun. 30, 2019 | Dec. 31, 2018 | |
Debt Instrument [Line Items] | ||||||
Total Notes Payable | $ 9,490 | $ 9,490 | $ 9,490 | |||
Interest Expense | 87 | $ 0 | 1,662 | $ 0 | $ 1,575 | |
Al Yee [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Total Notes Payable | $ 5,000 | $ 5,000 | 5,000 | |||
Accrued interest rate | 7.00% | 7.00% | ||||
Debt maturity date | Jan. 31, 2017 | |||||
Michael Walkil [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Total Notes Payable | $ 4,490 | $ 4,490 | $ 4,490 |
Inventory Loan Payable - Rela_2
Inventory Loan Payable - Related Party (Details) - USD ($) | 9 Months Ended | |
Sep. 30, 2019 | Dec. 31, 2018 | |
Debt Instrument [Line Items] | ||
Loan payable | $ 4,500 | $ 4,500 |
Centro de Entretenimiento y Diversion Mombacho S.A. [Member] | Loan to Seller [Member] | ||
Debt Instrument [Line Items] | ||
Repayment of debt | $ 2,250 |
Capital Stock (Details)
Capital Stock (Details) - shares | 9 Months Ended | |||
Sep. 30, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 16, 2017 | |
Stockholders' Equity Note [Abstract] | ||||
Preferred stock, shares authorized | 50,000,000 | 50,000,000 | 5,000,000 | 50,000,000 |
Preferred stock voting rights description | Preferred stock can be converted into 10 shares of common stock and have voting rights equal to 100 shares of common stock. | |||
Reverse stock split | 1:300 | |||
Common stock, shares authorized | 1,000,000,000 | 1,000,000,000 | 1,000,000,000 | 1,050,000,000 |
Number of shares returned | 5,000,000 |
Commitments and Contingencies (
Commitments and Contingencies (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Commitments and Contingencies Disclosure [Abstract] | ||||
Rent Expense | $ 0 | $ 0 | $ 0 | $ 0 |
Subsequent Events (Details)
Subsequent Events (Details) - $ / shares | Oct. 04, 2019 | Sep. 30, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 16, 2017 |
Subsequent Event [Line Items] | |||||
Preferred stock, par value per share | $ 0.0001 | $ 0.0001 | |||
Preferred stock, shares authorized | 50,000,000 | 50,000,000 | 5,000,000 | 50,000,000 | |
Preferred stock voting rights | Preferred stock can be converted into 10 shares of common stock and have voting rights equal to 100 shares of common stock. | ||||
Subsequent Event [Member] | Series A Preferred Stock [Member] | |||||
Subsequent Event [Line Items] | |||||
Preferred stock, par value per share | $ 0.0001 | ||||
Preferred stock, shares authorized | 10,000,000 | ||||
Preferred Stock, Participation Rights | will be entitles to receive one hundred (100) time the dividends per share of common stock | ||||
Preferred stock voting rights | 100:1 stock voting right | ||||
Preferred stock liquidation rights | 100:1 | ||||
Preferred stock conversion ratio | conversion ratio of 1:100 to common stock |