10-Q/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q/A

(Mark One)

[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

For Quarterly Period Ended September 30, 2019

or

[  ] TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Transition period from ______________________ to _____________________

Commission File Number: 000-27631

FRANCHISE HOLDINGS INTERNATIONAL, INC.

 (Exact name of registrant as specified in its charter)

NEVADA	65-0782227
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

3120 Rutherford Road

Suite 414

Vaughan, Ontario, Canada L4K 0B2

(Address of principal executive offices) (Zip Code)

(888) 554-8789

Registrant’s telephone number, including area code

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the proceeding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [  ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check One).

Large accelerated filer	[  ]	Accelerated filer	[  ]
Non-accelerated filer	[  ]	Smaller reporting company	[X]
(Do not check if a smaller reporting company)		Emerging growth company	[  ]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act [  ]

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [  ] No [X]

Indicate the number of shares outstanding of each of the issuer’s classes of common stock as of the latest practicable date.

As of November 14, 2019, the number of shares outstanding of the registrant’s class of common stock, $0.0001 par value, was 40,506,721.

EXPLANATORY NOTE

The sole purpose of this Amendment No. 1 to the Quarterly Report on Form 10-Q for the quarterly period ended September 31, 2019 of FRANCHISE HOLDINGS INTERNATIONAL, INC. (the “Company”) filed with the Securities and Exchange Commission on November 15h, 2019 (the “Form 10-Q”) is to indicate that the registrated has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months. In error, the original report indicated that the issier has not filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the proceeding 12 months.

No other changes have been made to the Form 10-Q. This Amendment No. 1 to the Form 10-Q speaks as of the original filing date of the Form 10-Q, does not reflect events that may have occurred subsequent to the original filing date, and does not modify or update in any way disclosures made in the original Form 10-Q.

Item 6. Exhibits

(a) Exhibits
EXHIBIT
NO.	DESCRIPTION
3.1*	Articles of Incorporation
3.2*	By-Laws
31.1**	Section 302 Certification of Chief Executive Officer
31.2**	Section 302 Certification of Chief Financial Officer
32.1**	Section 906 Certification of Chief Executive Officer
32.2**	Section 906 Certification of Chief Financial Officer
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema Document
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document.
101.LAB	XBRL Taxonomy Extension Label Linkbase Document.
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document.
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document.

*	Filed as an exhibit to the registrant’s Form 10-QSB, filed October 13, 1999 and incorporated by reference herein.
**	Previously filed Form 10-Q.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	FRANCHISE HOLDINGS INTERNATIONAL, INC.
Dated: February 14, 2020	By:	/s/ Steven Rossi
		Steven Rossi
		Chairman of the Board,
		Chief Executive Officer

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

Dated: February 14, 2020	By:	/s/ Michael Johnston
		Michael Johnston
		Interim Chief Financial Officer

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Shareholders' Deficit (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Common stock, shares authorized	49,833,333	49,833,333
Common stock, par value	$ 0.0001	$ 0.0001
Series A Preferred Stock, shares authorized	1,000,000	1,000,000
Series A Preferred Stock, par value	$ 0.0001	$ 0.0001
Preferred stock voting rights	These shares have voting rights equal to 299 shares of common stock, per share of preferred.
Series A Preferred Stock [Member]
Common shares converted into preferred stock	1,000,000
Consultant Agreement [Member]
Number of common stock shares issued	1,280,014
Number of common stock shares issued, value	$ 195,712
Consultant Agreement [Member] | Share Subscription Agreement [Member]
Number of common stock shares issued	1,500,000
Number of common stock shares issued, value	$ 30,000
Common stock, value, subscriptions	$ 30,000
Steven Rossi [Member]
Number of common stock shares issued	13,583,397

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Lease Liabilities (Details Narrative)	9 Months Ended
	Sep. 30, 2019 USD ($)
Lease monthly payment	$ 73,166
Lease Agreement Member]
Lease monthly payment	$ 2,496
Operating lease, maturity date	Jul. 31, 2022

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Secured Notes Payable (Details Narrative) - Notes Payable [Member]	9 Months Ended
	Sep. 30, 2019 USD ($)
Secured debt	$ 10,909
Notes payable, principal amount	9,545
Notes payable, interest	$ 1,364

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Consolidated Statement of Shareholders' Deficit (Unaudited) - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-In Capital [Member]	Share Subscriptions Receivable [Member]	Share Subscription Payable [Member]	Accumulated Deficit [Member]	Cumulative Translation Adjustment [Member]	Total
Balance at Dec. 31, 2017	$ 10,000	$ 2,039	$ 7,474,811	$ (10,755)	$ 1,531,080	$ (8,591,261)	$ (44,383)	$ 371,531
Balance, shares at Dec. 31, 2017	1,000,000	20,387,873
Issuance for services					150,000			150,000
Issuance for settlement of payables		$ 12,741	326,287		(68,750)			270,278
Issuance for settlement of payables, shares		4,246,173
Net (loss) Income						(1,281,782)		(1,281,783)
Foreign currency translation adjustment							(34,985)	(34,985)
Balance at Sep. 30, 2018	$ 10,000	$ 14,780	7,801,098	(10,755)	1,612,330	(9,873,043)	(79,368)	(524,958)
Balance, shares at Sep. 30, 2018	1,000,000	24,634,046
Balance at Jun. 30, 2018	$ 10,000	$ 2,138	7,551,990	(10,755)	2,271,802	(9,570,949)	(56,944)	197,282
Balance, shares at Jun. 30, 2018	1,000,000	21,378,615
Issuance for settlement of payables		$ 12,642	249,108		(659,472)			(397,722)
Issuance for settlement of payables, shares		3,255,431
Net (loss) Income						(302,094)		(302,095)
Foreign currency translation adjustment							(22,424)	(22,424)
Balance at Sep. 30, 2018	$ 10,000	$ 14,780	7,801,098	(10,755)	1,612,330	(9,873,043)	(79,368)	(524,958)
Balance, shares at Sep. 30, 2018	1,000,000	24,634,046
Balance at Dec. 31, 2018	$ 10,000	$ 2,463	8,103,934	(1,577)	2,019,532	(10,354,299)	(3,613)	(223,560)
Balance, shares at Dec. 31, 2018	1,000,000	24,634,052
Issuance for services		$ 128	195,585		(195,713)
Issuance for services, shares		1,280,014
Return and cancellation of shares		$ (99)	(77,179)		(247,722)			(325,000)
Return and cancellation of shares, shares		(990,742)
Issuance for settlement of payables					30,000			30,000
Issuance for settlement of payables, shares
Conversion of Preferred Stock	$ (10,000)	$ 1,358	8,642
Conversion of Preferred Stock, shares	(1,000,000)	13,583,397
Net (loss) Income						142,149		142,149
Foreign currency translation adjustment							(42,503)	(42,504)
Balance at Sep. 30, 2019		$ 3,850	8,230,982	(1,577)	1,606,097	(10,212,150)	(46,116)	(418,914)
Balance, shares at Sep. 30, 2019		38,506,721
Balance at Jun. 30, 2019		$ 3,949	8,338,161	(1,577)	1,853,819	(10,482,520)	(23,624)	(341,792)
Balance, shares at Jun. 30, 2019		39,497,463
Return and cancellation of shares		$ (99)	(77,179)	(247,722)				(325,000)
Return and cancellation of shares, shares		(990,742)
Net (loss) Income						270,370		270,370
Foreign currency translation adjustment							(22,492)	(22,492)
Balance at Sep. 30, 2019		$ 3,850	$ 8,230,982	$ (1,577)	$ 1,606,097	$ (10,212,150)	$ (46,116)	$ (418,914)
Balance, shares at Sep. 30, 2019		38,506,721

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Lease Liabilities

9 Months Ended

Sep. 30, 2019

Lease Liabilities - Schedule Of Future Minimum Lease Payments

Lease Liabilities

7. Lease Liabilities

During the nine month period ended September 30, 2019, the Company signed a lease agreement for warehouse space to commence on August 1, 2019 and end on July 31, 2022 with monthly lease payments of $2,496. The Company has accounted for its leases upon adoption of ASC 842 whereby it recognizes a lease liability and a right-of-use asset at the date of initial application, being January 1, 2019. The lease liability is measured at the present value of the remaining lease payments, discounted using the Company’s incremental borrowing rate of 10%. The Company has measured the right-of-use asset at an amount equal to the lease liability.

The Company’s right-of-use asset for the nine months ended September 30, 2019 is as follows:

	September 30, 2019
Right-of-use asset	$	63,399
Current lease liability	$	21,221
Long-term lease liability	$	42,178

The components of lease expense are as follows:

		September 30, 2019
Amortization of right-of-use	$	3,296
Interest on lease liability	$	1,212
Total lease cost	$	4,508

Maturities of lease liability are as follows:

Future minimum lease payments as of September 30, 2019,

2019	$	6,651
2020		26,606
2021		26,606
2022		13,303
Total future minimum lease payments		73,166
Less: amount representing interest		(9,717	)
Present value of future payments		63,399
Current portion		21,221
Long term portion	$	42,178

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Earnings Per Share

9 Months Ended

Sep. 30, 2019

Earnings (Loss) per Share

Earnings Per Share

11. Earnings per Share

For the nine months ended September 30, 2019, Earnings per Share “EPS” is 0.00 (basic and diluted) compared to the loss per share for the nine months ended September 30, 2018 of 0.01 (basic and diluted). EPS is 0.01 and 0.00 (basic and diluted respectively) for the three months ended September 30, 2019 compared to the three months ended September 30, 2018 of 0.00 (basic and diluted). At September 30, 2019 the Company had 13,721,441 share subscription and 1,350,000 warrants for a total of 14,971,441 common stock for the underlying instruments. Compared to a total of 16,885,738 of common stock to be issued from share subscription at September 30, 2018.

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Current Assets
Cash and cash equivalents	$ 178,752	$ 25,323
Accounts receivable	249,588	61,882
Inventory	198,478	289,516
Prepaid expenses and deposits	26,401	124,114
Total Current Assets	653,219	500,835
Investment	15,658
Property and Equipment, net	72,377	43,860
Right-of-use Asset, net	63,399
Intangible Assets, net	43,297	12,673
Total Assets	847,949	557,368
Current Liabilities
Accounts payable and accrued liabilities	913,335	401,766
Payroll taxes payable	12,705	82,365
Related party loan		9,372
Current portion of notes payable	277,425	287,425
Current lease liability	21,221
Total Current Liabilities	1,224,686	780,928
Long Term - Lease Liability	42,178
Total Liabilities	1,266,864	780,928
Shareholders' Deficit
Series A Preferred Stock, $0.0001 par value, 1,000,000 shares authorized, 0 shares issued and outstanding, respectively,		10,000
Common stock, $0.0001 par value, 49,833,333 shares authorized, 38,506,721 and 24,634,052 shares issued and outstanding, respectively	3,850	2,463
Additional paid-in capital	8,230,982	8,103,934
Share subscriptions receivable	(1,577)	(1,577)
Share subscriptions payable	1,606,097	2,019,532
Accumulated deficit	(10,212,150)	(10,354,299)
Cumulative translation adjustment	(46,116)	(3,613)
Total Shareholders' Deficit	(418,914)	(223,560)
Total Liabilities and Shareholders' Deficit	$ 847,949	$ 557,368

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Related Party Transactions (Details Narrative)	9 Months Ended
	Sep. 30, 2019 USD ($)
US Based Corporation [Member] | CEO [Member]
Payments to related party debt	$ 58,465

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Contingent Liability (Details Narrative)	9 Months Ended
	Sep. 30, 2019 USD ($) shares	Sep. 30, 2019 CAD ($) shares
Settlement of outstanding notes payable	$ 56,723
Settlement of common shares | shares	1,500,000	1,500,000
CAD [Member]
Settlement of outstanding notes payable		$ 75,000

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Evaluation of Subsequent Events

9 Months Ended

Sep. 30, 2019

Subsequent Events [Abstract]

Evaluation of Subsequent Events

15. Evaluation of Subsequent Events

The Company has evaluated subsequent events through November 14, 2019 which is the date the financial statements were available to be issued and the following events after September 30, 2019 occurred:

● On October 17, 2019, the Company issued 2,000,000 shares for services rendered per prior contract for consulting performed.

● Refer to Note 4 for additional subsequent event.

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Lease Liabilities (Tables)

9 Months Ended

Sep. 30, 2019

Lease Liabilities - Schedule Of Future Minimum Lease Payments

Schedule Right-of-use Asset

The Company’s right-of-use asset for the nine months ended September 30, 2019 is as follows:

	September 30, 2019
Right-of-use asset	$	63,399
Current lease liability	$	21,221
Long-term lease liability	$	42,178

Schedule of Lease Expense

The components of lease expense are as follows:

		September 30, 2019
Amortization of right-of-use	$	3,296
Interest on lease liability	$	1,212
Total lease cost	$	4,508

Schedule Future Minimum Lease Payments

Maturities of lease liability are as follows:

Future minimum lease payments as of September 30, 2019,

2019	$	6,651
2020		26,606
2021		26,606
2022		13,303
Total future minimum lease payments		73,166
Less: amount representing interest		(9,717	)
Present value of future payments		63,399
Current portion		21,221
Long term portion	$	42,178

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Inventory - Schedule of Inventory (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Finished goods	$ 190,750	$ 282,239
Promotional items	1,070	700
Raw materials	6,658	6,577
Inventory	$ 198,478	$ 289,516

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Evaluation of Subsequent Events (Details Narrative)	Oct. 17, 2019 shares
Subsequent Event [Member]
Stock issued during period, shares, issued for services	2,000,000

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Earnings Per Share (Details Narrative) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Earnings (Loss) per Share
Earnings per share, basic and diluted	$ 0.01	$ 0.00	$ 0.00	$ 0.01
Common stock, shares, subscriptions	13,721,441	16,885,738	13,721,441	16,885,738
Warrants issued	1,350,000		1,350,000
Common stock, underlying instruments	14,971,441		14,971,441

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Significant Accounting Policies (Details Narrative)	9 Months Ended
	Sep. 30, 2019
Patents [Member]
Finite-lived intangible asset, useful life	25 years
Warehouse Equipment [Member]
Property, plant and equipment, useful life	5 years
Computer [Member]
Property, plant and equipment, useful life	3 years
Leasehold Improvements [Member]
Property, plant and equipment, useful life	15 years

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Related Party Transactions

9 Months Ended

Sep. 30, 2019

Related Party Transactions [Abstract]

Related Party Transactions

14. Related Party Transactions

During the nine months ended September 30, 2019, the Company incurred $58,465 payable to a US based corporation controlled by the Company’s CEO and director for the purchase of inventory.

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Changes in Cash Flows from Operating Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Changes in Operating Assets and Liabilities

The changes to the Company’s operating assets and liabilities for the nine months period ended September 30, 2019 and 2018 are as follows:

	2019			2018
Decrease (increase) in accounts receivable	$	(187,706	)	$	170,487
Decrease (increase) in inventory		91,038			(29,323	)
Decrease (increase) in prepaid expenses and deposits		97,737			7,277
Increase (decrease) in income taxes payable		(69,660	)		(128	)
Increase (decrease) in accounts payable and accrued liabilities		437,346			590,687
	$	368,755		$	739,000

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Lease Liabilities - Schedule Right-of-use Asset (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Lease Liabilities - Schedule Of Future Minimum Lease Payments
Right-of-use asset	$ 63,399
Current lease liability	21,221
Long-term lease liability	$ 42,178

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Secured Notes Payable - Schedule of Secured Notes Payable (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Debt Disclosure [Abstract]
Balance owing	$ 277,425	$ 287,425
Less amounts due within one year	(277,425)	(287,425)
Long-term portion

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Gain (Loss) on Settlement of Debt (Details Narrative) - Legal Settlement Agreement [Member]	9 Months Ended
	Sep. 30, 2019 shares
Number of reserved shares released and returned	19,055,551
Pre-consolidation [Member]
Number of shares returned treasury to cancelled	5,944,449
Post-consolidation [Member]
Number of shares returned treasury to cancelled	990,742

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Basis of Presentation and Going Concern

9 Months Ended

Sep. 30, 2019

Accounting Policies [Abstract]

Basis of Presentation and Going Concern

1. Basis of Presentation and Going Concern

a) Interim Financial Information

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) for interim financial information pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (SEC). Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. In the opinion of management, all adjustments and reclassifications considered necessary in order to make the financial statements not misleading and for a fair and comparable presentation have been included and are of a normal recurring nature. Operating results for the nine-month period ended September 30, 2019 are not necessarily indicative of the results that may be expected for the year ending December 31, 2019. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 filed with the SEC on May 13, 2019.

b) Functional and Reporting Currency

These interim financial statements are presented in United States Dollars. The functional currency of the Company is the Canadian Dollar. For purposes of preparing these interim financial statements, balances denominated in Canadian Dollars outstanding at September 30, 2019 were converted into United States Dollars at a rate of 1.3 Canadian Dollars to one United States Dollar. Balances denominated in Canadian Dollars outstanding at December 31, 2018 were converted into United States Dollars at a rate of 1.36 Canadian Dollars to one United States Dollar. Transactions denominated in Canadian Dollars for the period ended September 30, 2019 and December 31, 2018 were converted into United States Dollars at an average rate of 1.34 and 1.30 Canadian Dollars to one United States Dollar, respectfully.

c) Use of Estimates

The preparation of condensed unaudited financial statements in conformity with accounting principles generally accepted in the United States 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 interim financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates.

d) Going Concern

These unaudited condensed consolidated financial statements have been prepared on a going concern basis which assumes that the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. During the nine-month period ended September 30, 2019, the Company incurred a net income of $142,149 and as of that date, the Company’s accumulated deficit was $10,212,150. While the Company has demonstrated the ability to generate revenue, there are no assurances that it will be able to achieve level of revenues adequate to generate sufficient cash flow from operations or obtain additional financing through private placements, public offerings and/or bank financing necessary to support our working capital requirements. To the extent that funds generated from any private placements, public offerings and/or bank financing are insufficient, we will have to raise additional working capital. No assurance can be given that additional financing will be available, or if available, will be on acceptable terms. These conditions raise substantial doubt about our ability to continue as a going concern. If adequate working capital is not available we may be forced to discontinue operations, which would cause investors to lose their entire investment. The accompanying condensed consolidated financial statements do not include any adjustments that might result relating to the recoverability and classification of the asset carrying amounts or the amount and classification of liabilities that might result from the outcome of this risk and uncertainty.

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Investment

9 Months Ended

Sep. 30, 2019

Investments, All Other Investments [Abstract]

Investment

6. Investment

During the nine month ended September 30, 2019, the Company entered into an agreement to purchase 10,000,000 shares for $50,000 which has been issued to FNHI. The Company’s investment accounts for a 10% equity stake in a US based mobile phone development company. As of September 30, 2019 the Company had advanced a total of $15,658 and is advancing trenches of capital as required by the Company.

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Contingent Liability

9 Months Ended

Sep. 30, 2019

Commitments and Contingencies Disclosure [Abstract]

Contingent Liability

10. Contingent Liability

During the nine-month period ended the Company entered into an agreement with a debtor for the settlement of outstanding notes payable of $56,723 ($75,000 CAD). The Company will issue to the debtor 1,500,000 million common shares for the settlement of the outstanding notes payable upon listing on the Canadian Securities Exchange.

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Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Sep. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Series A Preferred Stock, par value	$ 0.0001	$ 0.0001
Series A Preferred Stock, shares authorized	1,000,000	1,000,000
Series A Preferred Stock, shares issued	0	0
Series A Preferred Stock, shares outstanding	0	0
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	49,833,333	49,833,333
Common stock, shares issued	38,506,721	24,634,052
Common stock, shares outstanding	38,506,721	24,634,052

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Concentration of Customer Risk - Schedule of Significant Customer Risk Percentage (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Concentration of revenues	$ 668,516	$ 54,270	$ 1,473,150	$ 305,273
Customer A [Member]
Concentration of revenues			$ 1,910,430	$ 42,687
Concentration of risk, percentage			89.00%	14.00%
Customer B [Member]
Concentration of revenues				$ 121,079
Concentration of risk, percentage				41.00%
Customer C [Member]
Concentration of revenues				$ 87,788
Concentration of risk, percentage				30.00%

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Inventory (Tables)

9 Months Ended

Sep. 30, 2019

Inventory Disclosure [Abstract]

Schedule of Inventory

Inventory consists of the following at September 30, 2019 and December 31, 2018:

	2019		2018
Finished goods	$	190,750	$	282,239
Promotional items		1,070		700
Raw materials		6,658		6,577
	$	198,478	$	289,516

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Concentration of Customer Risk (Tables)

9 Months Ended

Sep. 30, 2019

Risks and Uncertainties [Abstract]

Schedule of Significant Customer Risk Percentage

	2019				2018
	$		%		$		%
Customer A		1,910,430		89.0		42,687		14.0
Customer B		n/a		n/a		121,079		41.0
Customer C		n/a		n/a		87,788		30.0

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Operating Activities
Net Income (loss)	$ 142,149	$ (1,281,783)
Adjustments to reconcile net loss to net cash from operating activities:
Depreciation and amortization	25,009	2,180
Loss (gain) on settlement of debt	(250,778)	495,943
Total items not involving cash flow from operating activities	(83,620)	(783,659)
Changes in operating assets and liabilities	368,755	739,000
Net cash provided by (used in) operating activities	285,135	(44,659)
Cash Flows from Investing Activities
Purchase of investment	(15,658)
Purchase of property and equipment	(84,149)
Net cash used in investing activities	(99,807)
Financing Activities
Issuance of common stock for cash	30,000	175,000
Repayment of notes payable	(10,000)
Repayment of shareholder loans	(9,395)
Net cash provided by financing activities	10,605	175,000
Effects of exchange rate changes on cash	(42,504)	(38,410)
Changes in cash	153,429	91,931
Cash and cash equivalents - beginning of year	25,323	66,961
Cash and cash equivalents - end of year	178,752	158,892
Supplemental disclosure of cash flow information:
Interest paid		16,604
Supplemental disclosure of non-cash flow investing and financing activities:
Shares issued for settlement of notes and accounts payable		172,056
Shares issued for consulting agreements
Conversion of Preferred Stock to Common Stock	(8,642)
Reverse stock split	768
Increase (decrease) in share subscription payable	(768)	(589,694)
Return and share cancellation	$ 8,642

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Secured Notes Payable

9 Months Ended

Sep. 30, 2019

Debt Disclosure [Abstract]

Secured Notes Payable

4. Secured Notes Payable

Secured notes payable consists of the following at September 30, 2019 and December 31, 2018:

	2019			2018
Balance owing	$	277,425		$	287,425
Less amounts due within one year		(277,425	)		(287,425	)
Long-term portion	$	-		$	-

Subsequent to the nine month period ended September 30, 2019, the Company repaid in full an additional $10,909 of notes payable consisting of $9,545 principal and $1,364 in interest.

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Shareholders' Deficit

9 Months Ended

Sep. 30, 2019

Equity [Abstract]

Shareholders' Deficit

8. Shareholders’ Deficit

During the nine-month period ended September 30, 2019, the Company issued 1,280,014 common shares, previously recorded as subscription payable to Consultant with a value of $195,712. During the same period, the Company entered into a share subscription agreement with a consultant of the Company for 1,500,000 common shares valued at $30,000. As the shares have not yet been issued, the $30,000 has been recorded as share subscriptions payable.

During the nine-month period ended September 30, 2019, Steven Rossi was issued 13,583,397 shares of Franchise Holdings International, Inc common stock as approved by the board of directors, due to a conversion of all 1,000,000 shares of his Series A Preferred stock.

In 2018 and 2019, the Company was authorized to issue 49,833,333 shares of its common stock with a par value of $0.0001. All shares were ranked equally with regards to the Company’s residual assets. During 2018 and 2019, the Company was authorized to issue 1,000,000 shares of its Series A Preferred Stock with a par value of $0.0001. These shares have voting rights equal to 299 shares of common stock, per share of preferred.

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Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Nov. 14, 2019
Document And Entity Information
Entity Registrant Name	Franchise Holdings International, Inc.
Entity Central Index Key	0001096275
Document Type	10-Q/A
Document Period End Date	Sep. 30, 2019
Amendment Flag	true
Amendment Description	The sole purpose of this Amendment No. 1 to the Quarterly Report on Form 10-Q for the quarterly period ended September 31, 2019 of FRANCHISE HOLDINGS INTERNATIONAL, INC. (the "Company") filed with the Securities and Exchange Commission on November 15h, 2019 (the "Form 10-Q") is to indicate that the registrated has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months. In error, the original report indicated that the issier has not filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the proceeding 12 months. No other changes have been made to the Form 10-Q. This Amendment No. 1 to the Form 10-Q speaks as of the original filing date of the Form 10-Q, does not reflect events that may have occurred subsequent to the original filing date, and does not modify or update in any way disclosures made in the original Form 10-Q
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		40,506,721
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2019

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Inventory

9 Months Ended

Sep. 30, 2019

Inventory Disclosure [Abstract]

Inventory

3. Inventory

Inventory consists of the following at September 30, 2019 and December 31, 2018:

	2019		2018
Finished goods	$	190,750	$	282,239
Promotional items		1,070		700
Raw materials		6,658		6,577
	$	198,478	$	289,516

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Reverse Stock Split

9 Months Ended

Sep. 30, 2019

Stockholders' Equity Note [Abstract]

Reverse Stock Split

12. Reverse Stock Split

On March 8th, 2019, the Board of Directors authorized the submission of a Certificate of Change/Amendment to the Nevada Secretary of State in which the Company sought to affect a reverse split of its common stock at the rate of 1 for 6 for the purpose of increasing the per share price for the Company’s stock in an effort to meet the minimum listing requirements of the Canadian Stock Exchange (“CSE”). The Certificate of Change was submitted to the Nevada Secretary of State on March 20, 2019 and the FINRA corporate action was filed on March 21, 2019. FINRA declared the 1 for 6 reverse stock split effective on March 29, 2019. These financial statements, including prior period comparative share amounts, have been retrospectively restated to reflect this reverse split.

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Lease Liabilities - Schedule of Future Minimum Lease Payments (Details)	Sep. 30, 2019 USD ($)
Lease Liabilities - Schedule Of Future Minimum Lease Payments
2019	$ 6,651
2020	26,606
2021	26,606
2022	13,303
Total future minimum lease payments	73,166
Less: amount representing interest	(9,717)
Present value of future payments	63,399
Current portion	21,221
Long term portion	$ 42,178

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Investment (Details Narrative) - FNHI [Member]	9 Months Ended
	Sep. 30, 2019 USD ($) shares
Stock issued during period, shares | shares	10,000,000
Stock issued during period, value	$ 50,000
Equity Method Investment, Percentage	10.00%
Advanced receivable for stock issuance	$ 15,658

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Significant Accounting Policies

9 Months Ended

Sep. 30, 2019

Accounting Policies [Abstract]

Significant Accounting Policies

2. Significant Accounting Policies

The accounting polices used in the preparation of these interim financial statements are consistent with those of the Company’s audited financial statements for the year ended December 31, 2018.

The Company also implemented the following accounting standard effective January 1, 2019.

In January 2019, ASC 842 was implemented related to the valuation of leases. Under this guidance, leases should be capitalized that contain terms over one year and values over the capitalization policies. This standard became effective for the Company’s fiscal year beginning January 1, 2019. The Company has accounted for its leases upon adoption of ASC 842 whereby it recognizes a lease liability and a right-of-use asset at the date of initial application, being January 1, 2019. The lease liability is measured at the present value of the remaining lease payments, discounted using the Company’s incremental borrowing rate. The Company has measured the right-of-use asset at an amount equal to the lease liability.

Assets are depreciated over the useful life of the assets. The useful life of the following assets are as follows: warehouse equipment over 5 years, computers over 3 years, patents over 25 years, and leasehold improvements of 15 years. The Company does not take depreciation for the following items: product moulds, trademarks and website.

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Concentration of Customer Risk

9 Months Ended

Sep. 30, 2019

Risks and Uncertainties [Abstract]

Concentration of Customer Risk

13. Concentration of Customer Risk

The following table includes the percentage of the Company’s sales to significant customers for the nine months ended September 30, 2019 and 2018, as well as the balance included in revenue and accounts receivable for each significant customer as at September 30, 2019 and 2018. A customer is considered to be significant if they account for greater than 10% of the Company’s annual sales.

	2019				2018
	$		%		$		%
Customer A		1,910,430		89.0		42,687		14.0
Customer B		n/a		n/a		121,079		41.0
Customer C		n/a		n/a		87,788		30.0

The loss of any of these key customers could have an adverse effect on the Company’s business.

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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Statement [Abstract]
Net Sales	$ 870,053	$ 5,954	$ 1,959,027	$ 300,113
Cost of Goods Sold	668,516	54,270	1,473,150	305,273
Gross Profit	201,537	(48,316)	485,877	(5,160)
Operating Expenses
General and administrative	91,254	39,069	149,041	133,334
Sales and marketing	12,253	2,863	62,172	11,178
Professional fees	92,858	207,981	366,843	603,586
(Gain) loss on foreign exchange	(22,701)	(3,939)	(43,427)	(2,763)
Total operating expenses	173,664	245,974	534,629	745,335
Gain (Loss) from operations	27,873	(294,290)	(48,752)	(750,495)
Other Income (Expense)
Interest expense	(8,281)	(7,798)	(59,877)	(34,925)
Finance charges		(7)		(420)
Gain (loss) on settlement of debt	250,778		250,778	(495,943)
Total other income (expense)	242,497	(7,805)	190,901	(531,288)
Net Income (Loss)	270,370	(302,095)	142,149	(1,281,783)
Other Comprehensive Income (Loss)
Foreign currency translation adjustment	(22,492)	(22,424)	(42,504)	(34,985)
Comprehensive Income (Loss)	$ 247,878	$ (324,519)	$ 99,645	$ (1,316,768)
Earnings (Loss) per Share
Basic	$ 0.01	$ (0.01)	$ 0	$ (0.06)
Diluted	$ 0	$ (0.01)	$ 0	$ (0.06)
Weighted Average Number of Shares (basic)	39,239,007	23,463,386	34,492,728	21,562,215
Weighted Average Number of Shares (diluted)	54,310,448	23,463,386	49,515,451	21,562,215

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Changes in Cash Flows from Operating Assets and Liabilities

9 Months Ended

Sep. 30, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Changes in Cash Flows from Operating Assets and Liabilities

5. Changes in Cash Flows from Operating Assets and Liabilities

The changes to the Company’s operating assets and liabilities for the nine months period ended September 30, 2019 and 2018 are as follows:

	2019			2018
Decrease (increase) in accounts receivable	$	(187,706	)	$	170,487
Decrease (increase) in inventory		91,038			(29,323	)
Decrease (increase) in prepaid expenses and deposits		97,737			7,277
Increase (decrease) in income taxes payable		(69,660	)		(128	)
Increase (decrease) in accounts payable and accrued liabilities		437,346			590,687
	$	368,755		$	739,000

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Gain (Loss) on Settlement of Debt

9 Months Ended

Sep. 30, 2019

Investments, All Other Investments [Abstract]

Gain (Loss) on Settlement of Debt

9. Gain (Loss) on Settlement of Debt

During the nine-month period ended September 30, 2019, the Company reached a legal settlement agreement (the “unwinding”) with an individual investor to dissolve the Debt Settlement and Mutual Release Agreement entered into on January 12, 2018. In accordance to the settlement agreement, 19,055,551 pre-stock split, reserved shares were released and returned to the Company. In addition, 5,944,449 pre-stock split (990,742 post stock split) shares already issued were returned to the Company’s treasury, and cancelled, reducing the companies issued and outstanding shares accordingly. The company closed the unwinding in August 2019.

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Lease Liabilities - Schedule of Lease Expense (Details)	9 Months Ended
	Sep. 30, 2019 USD ($)
Lease Liabilities - Schedule Of Future Minimum Lease Payments
Amortization of right-of-use	$ 3,296
Interest on lease liability	1,212
Total lease cost	$ 4,508

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Changes in Cash Flows from Operating Assets and Liabilities - Schedule of Changes Operating Assets and Liabilities (Details) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Decrease (increase) in accounts receivable	$ (187,706)	$ 170,487
Decrease (increase) in inventory	91,038	(29,323)
Decrease (increase) in prepaid expenses and deposits	97,737	7,277
Increase (decrease) in income taxes payable	(69,660)	(128)
Increase (decrease) in accounts payable and accrued liabilities	437,346	590,687
Changes in operating assets and liabilities	$ 368,755	$ 739,000

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Reverse Stock Split (Details Narrative)	Mar. 29, 2019
FINRA [Member]
Reverse stock split of common shares	FINRA declared the 1 for 6 reverse stock split effective on March 29, 2019.

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Secured Notes Payable (Tables)

9 Months Ended

Sep. 30, 2019

Debt Disclosure [Abstract]

Schedule of Secured Notes Payable

Secured notes payable consists of the following at September 30, 2019 and December 31, 2018:

	2019			2018
Balance owing	$	277,425		$	287,425
Less amounts due within one year		(277,425	)		(287,425	)
Long-term portion	$	-		$	-

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Basis of Presentation and Going Concern (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Accounting Policies [Abstract]
Functional and reporting currency rate description			These interim financial statements are presented in United States Dollars. The functional currency of the Company is the Canadian Dollar. For purposes of preparing these interim financial statements, balances denominated in Canadian Dollars outstanding at September 30, 2019 were converted into United States Dollars at a rate of 1.3 Canadian Dollars to one United States Dollar. Balances denominated in Canadian Dollars outstanding at December 31, 2018 were converted into United States Dollars at a rate of 1.36 Canadian Dollars to one United States Dollar. Transactions denominated in Canadian Dollars for the period ended September 30, 2019 and December 31, 2018 were converted into United States Dollars at an average rate of 1.34 and 1.30 Canadian Dollars to one United States Dollar, respectfully.
Net loss	$ 270,370	$ (302,095)	$ 142,149	$ (1,281,783)
Accumulated deficit	$ (10,212,150)		$ (10,212,150)		$ (10,354,299)