0001493152-19-004426.txt : 20190401 0001493152-19-004426.hdr.sgml : 20190401 20190401122744 ACCESSION NUMBER: 0001493152-19-004426 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 52 CONFORMED PERIOD OF REPORT: 20181231 FILED AS OF DATE: 20190401 DATE AS OF CHANGE: 20190401 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Madison Technologies Inc. CENTRAL INDEX KEY: 0001318268 STANDARD INDUSTRIAL CLASSIFICATION: MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400] IRS NUMBER: 000000000 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-51302 FILM NUMBER: 19719503 BUSINESS ADDRESS: STREET 1: 4448 PATTERDALE DRIVE CITY: NORTH VANCOUVER STATE: A1 ZIP: V7R 4L8 BUSINESS PHONE: 801-326-0110 MAIL ADDRESS: STREET 1: 4448 PATTERDALE DRIVE CITY: NORTH VANCOUVER STATE: A1 ZIP: V7R 4L8 FORMER COMPANY: FORMER CONFORMED NAME: MADISON EXPLORATIONS, INC. DATE OF NAME CHANGE: 20100330 FORMER COMPANY: FORMER CONFORMED NAME: MADISON EXPLORATIONS INC. DATE OF NAME CHANGE: 20070207 FORMER COMPANY: FORMER CONFORMED NAME: Madison Explorations Inc. DATE OF NAME CHANGE: 20050217 10-K 1 form10-k.htm

 

 

 

United states

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-K

 

[X] Annual report pursuant to section 13 0r 15(d) of the securities exchange act of 1934

 

For the fiscal year ended December 31, 2018

 

[  ] transition report pursuant to section 13 0r 15(d) of the securities exchange act of 1934

 

For the transition period from ___________ to___________

 

Commission file number 000-51302

 

madison Technologies Inc.

(Exact name of registrant as specified in its charter)

 

Incorporated in the State of Nevada   00-0000000
(State or other jurisdiction of
incorporation or organization)
  (I.R.S. Employer
Identification No.)

 

4448 Patterdale Drive, North Vancouver, BC   V7R 4L8
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: 206-203-0474

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Name of each exchange on which registered
None   N/A

 

Securities registered pursuant to Section 12(g) of the Act:

 

Common Stock - $0.001 par value

(Title of Class)

 

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

[  ] Yes [X] No

 

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.

[  ] Yes [X] No

 

Note - Checking the box above will not relieve any registrant required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act from their obligations under those sections.

 

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 last 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.

[X] Yes [  ] No

 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 229.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

[X] Yes [  ] No

 

Indicate by check mark if disclosure of delinquent filers in response to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. [  ]

 

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 the definitions of “large accelerated filer”, “accelerated filer” and “smaller reporting company in Rule 12b-2 of the Exchange Act.

 

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

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).

[  ] Yes [X] No

 

State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was sold, or the average bid and asked price of such common equity, as of the last business day of the registrant’s most recently completed second fiscal quarter: $1,058,056 ($0.10 X 10,580,565) as of June 30, 2018

 

State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date.

 

Class   Outstanding at March 30, 2019
Common Stock - $0.001 par value   16,757,565

 

 

 

   

 

 

    Page
PART I    
Item 1. Business 4
Item 1A. Risk Factors 8
Item 1B. Unresolved Staff Comments 8
Item 2. Properties 8
Item 3. Legal Proceedings 8
Item 4. Mine Safety Disclosures 8
     
PART II    
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 8
Item 6. Selected Financial Data 12
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations 12
Item 7A. Quantitative and Qualitative Disclosures About Market Risk 15
Item 8. Financial Statements and Supplementary Data 16
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 30
Item 9A. Controls and Procedures 30
Item 9B. Other Information 32
     
PART III    
Item 10. Directors, Executive Officers and Corporate Governance 32
Item 11. Executive Compensation 34
Item 12. Security Ownership of Certain Beneficial Holders and Management and Related Stockholder Matters 35
Item 13. Certain Relationships and Related Transactions, and Director Independence 36
Item 14. Principal Accountant Fees and Services 37
Item 15. Exhibits, Financial Statement Schedules 38
     
SIGNATURES 39

  

Madison Technologies Inc.

Form 10-K - 2018

Page 2
   

 

Forward Looking Statements

 

The information in this annual report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve risks and uncertainties, including statements regarding Madison’s capital needs, business strategy and expectations. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “will”, “should”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict”, “potential” or “continue”, the negative of such terms or other comparable terminology. Actual events or results may differ materially. In evaluating these statements, you should consider various factors, including the risks outlined from time to time, in other reports Madison’s files with the Securities and Exchange Commission.

 

The information constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements in this Form 10-K for the fiscal year ended December 31, 2018, are subject to risks and uncertainties that could cause actual results to differ materially from the results expressed in or implied by the statements contained in this report. As a result, the identification and interpretation of data and other information and their use in developing and selecting assumptions from and among reasonable alternatives requires the exercise of judgment. To the extent that the assumed events do not occur, the outcome may vary substantially from anticipated or projected results, and accordingly, no opinion is expressed on the achievability of those forward-looking statements. No assurance can be given that any of the assumptions relating to the forward-looking statements specified in the following information are accurate.

 

All forward-looking statements are made as of the date of filing of this Form 10-K and Madison disclaims any obligation to publicly update these statements, or disclose any difference between its actual results and those reflected in these statements. Madison may, from time to time, make oral forward-looking statements. Madison strongly advises that the above paragraphs and the risk factors described in this Annual Report and in Madison’s other documents filed with the United States Securities and Exchange Commission should be read for a description of certain factors that could cause the actual results of Madison to materially differ from those in the oral forward-looking statements. Madison disclaims any intention or obligation to update or revise any oral or written forward-looking statements whether as a result of new information, future events or otherwise.

 

Madison Technologies Inc.

Form 10-K - 2018

Page 3
   

 

part I

 

Item 1. Business.

 

Summary

 

Madison Technologies Inc. (“Madison”) is a Nevada corporation that was incorporated on June 15, 1998. Madison was initially incorporated under the name “Madison-Taylor General Contractors, Inc.” Effective May 24, 2004, Madison changed its name to “Madison Explorations, Inc.” by a majority vote of the shareholders. Effective March 9, 2015, Madison changed its name to “Madison Technologies Inc,” by a majority vote of the shareholders. See Exhibit 3.3 – Certificate of Amendment for more details.

 

On September 16, 2016, pursuant to the terms of the Product License Agreement Madison was granted the exclusive rights to distribute Tuffy Pack’s product line of line custom inserts that provide a level of personal protection from ballistic threats similar to what law enforcement officers wear daily as bullet proof vests. See Exhibit 10.5 - Product License Agreement for more details.

 

Madison maintains its statutory resident agent’s office at 1859 Whitney Mesa Drive, Henderson, Nevada, 89014 and its business office is located at 4448 Patterdale Drive, North Vancouver, BC, V7R 4L8. Madison’s office telephone number is 206-203-0474

 

Madison has an authorized capital of 500,000,000 shares of Common Stock with a par value of $0.001 per share, of which 16,757,565 shares of Common Stock are currently issued and outstanding.

 

Madison has not been involved in any bankruptcy, receivership or similar proceedings. There has been no material reclassification, merger consolidation or purchase or sale of a significant amount of assets not in the ordinary course of Madison’s business.

 

Business of Madison

 

On September16, 2016, Madison was granted the exclusive rights to distribute Tuffy Pack’s product line pursuant to the terms and conditions of a product license agreement. See Exhibit 10.5 - Product License Agreement for more details.

 

Madison currently sells the Tuffy Pack product line in the UK and the European Union through its Amazon and Ebay stores and is currently actively looking to increase its product line of personal protection wear.

 

Product and Services

 

Tuffy Packs manufactures a line of custom inserts that provide a level of personal protection from ballistic threats similar to what law enforcement officers wear daily as bullet proof vests. The Tuffy Pack, LLC Ballistic Shields® conform to the National Institute of Justice (NIJ) Level IIIA threat requirements. NIJ is the research, development and evaluation agency of the U.S. Department of Justice. NIJ Standard–0101.06, “Ballistic Resistance of Body Armor,” is a minimum performance standard developed in collaboration with the Office of Law Enforcement Standards (OLES) of the National Institute of Standards and Technology (NIST). It is produced as part of the Standards and Testing Program of the National Institute of Justice (NIJ), Office of Justice Programs, U.S. Department of Justice. This standard is a technical document that specifies the minimum performance requirements that equipment must meet to satisfy the requirements of criminal justice agencies and the methods that shall be used to test this performance. This standard is used by the NIJ Voluntary Compliance Testing Program (CTP) to determine which body armor models meet the minimum performance requirements for inclusion on the NIJ Compliant Products List.

 

Madison Technologies Inc.

Form 10-K - 2018

Page 4
   

 

Personal body armor covered by this standard is classified into five types (IIA, II, IIIA, III, IV) by level of ballistic performance. In addition, a special test class is defined to allow armor to be validated against threats that may not be covered by the five standard classes. The classification for the Tuffy Pack product line states;

 

2.3 Type IIIA (.357 SIG; .44 Magnum) Type IIIA armor that is new and unworn shall be tested with .357 SIG FMJ Flat Nose (FN) bullets with a specified mass of 8.1 g (125 gr) and a velocity of 448 m/s ± 9.1 m/s (1470 ft/s ± 30 ft/s) and with .44 Magnum Semi Jacketed Hollow Point (SJHP) bullets with a specified mass of 15.6 g (240 gr) and a velocity of 436 m/s ± 9.1 m/s (1430 ft/s ± 30 ft/s). Type IIIA armor that has been conditioned shall be tested with .357 SIG FMJ FN bullets with a specified mass of 8.1 g (125 gr) and a velocity of 430 m/s ± 9.1 m/s (1410 ft/s ± 30 ft/s) and with .44 Magnum SJHP bullets with a specified mass of 15.6 g (240 gr) and a velocity of 408 m/s ± 9.1 m/s (1340 ft/s ± 30 ft/s).

 

The ballistic shields (collectively, the “Licensed Products”) when inserted into backpacks, briefcases or computer bags will provide the highest level of protection currently available as lightweight concealable body armor. Backpacks with ballistic protection weigh only 16 – 24 ounces more than a non-protected pack (based on the pack size).

 

 

11 x 14 Ballistic Shield

 

 

● 12 x 16 Ballistic Shield

 

 

● 12 x 18 Ballistic Shield

 

Madison Technologies Inc.

Form 10-K - 2018

Page 5
   

 

Markets

 

Madison sales strategy is to develop online exposure through the use of social media marketing and sending demo packs of the Licensed Products to both online bloggers and established gun owner clubs. The demo packs will include both new products as well as examples of the products that have been tested and exposed to gunfire.

 

Madison also intends to attend European tradeshows and exhibits, including, but not limited to, IDEF (International Defense Industry Fair), ITEC, and GREC (General Police Equipment & Exhibition Conference). These trade shows will assist in introducing the Licensed Products to wholesalers in an attempt to expand Madison’s sales channel.

 

Distribution Methods

 

Madison’s distribution method is to deliver the Licensed Products into the European and UK retail and wholesale markets via the use of online market and fulfillment services including but not limited to Amazon.eu, Ebay Redstag and MCS Fulfillment. By implementing these companies’ services Madison will be able to establish a reliable supply chain that will receive delivery of the Licensed Products, warehouse the Licensed Products, package the Licensed Package as per each customer order, and ship the Licensed Products to the customer efficiently and cost effectively.

 

Management expects to expand Madison’s sales distribution strategy beginning in May 2019 and to be operational by September 2019, this includes the following components:

 

1. Initial inventory with an estimated cost of $10,000

 

2. Social media and online advertising of $10,000

 

Status of Licensed Products

 

The Licensed Products will be supplied exclusively by Tuffy Packs, LLC. Tuffy Packs, LLC already has an established supply chain and is able to supply up to 10,000 units per month. Management believes this monthly supply of Licensed Products will be sufficient for Madison’s anticipated inventory requirements.

 

Competitive Conditions

 

Madison will be competing with other online retail companies possessing greater financial resources and technical facilities than Madison in connection with the sale of similar products. Many of the competitors have a very diverse portfolio and have not confined their market to one product or line of products, but offer a wide array of products. All of these competitors have been in business for longer than Madison and may have established more strategic partnerships and relationships than Madison.

 

Management believes that it will have a competitive advantage over its competitors due to its plan of operations.

 

Madison has identified numerous body armor and bullet proof inserts available from a variety of online and offline merchants, and although most offer international shipping to the United Kingdom and Western Europe, the high cost of shipping and long delays in delivery makes purchasing from a US based retailer unattractive. Management believes that by establishing relationships with fulfillment companies and having stock on hand in its distribution territories Madison will have a competitive advantage in the ability to fill orders and deliver the Licensed Products to its customers quickly which will develop buyer loyalty.

 

Madison has also identified several online retailers that are located in either the UK or Europe that supply products that management believes would be in direct competition with Madison’s business. Some of those competitors include, but not limited to, the following:

 

  Vestgaurd - a UK based supplies the very best in British manufactured ballistic protection systems for personal and vehicle protection to the public and private sectors.
     
  Mars Armor - a Bulgarian company specialized in the manufacture of body armor for protection against bullets, fragments and cold steel.
     
  Spycatcher Online - a UK based supplier of specialist surveillance, counter-surveillance and personal protection equipment to the professional and consumer market.
     
  Jack Ellis Body Protection - a UK based manufacturer in the personal protection market with clients including - UK and Foreign government organizations, special forces, police, prisons, private security and media.

 

Madison Technologies Inc.

Form 10-K - 2018

Page 6
   

 

Raw Materials and Equipment

 

Madison does not require raw materials as Madison will purchase all the Licensed Products directly from Tuffy Packs. Madison will require equipment related to online retailing including but not limited to the use of URL’s for its online stores, warehousing facilities (leased on a month to month basis), software systems for inventory control and order fulfilment (leased on a month to month basis)

 

Principal Suppliers

 

At present Madison will rely solely on Tuffy Packs to provide all its principal supplies.

 

Dependence on Customers

 

Currently, Madison is not and will not be dependent on one or a few major customers.

 

Technology and Intellectual Property

 

Madison does not own, either legally or beneficially, any patents or trademarks.

 

Governmental and Industry Regulations

 

Madison will be subject to federal and state laws and regulations that relate directly or indirectly to its operations including federal securities laws. Madison will also be subject to common business and tax rules and regulations pertaining to the operation of its business.

 

For the most part, the distribution of the Licensed Products into Europe is unregulated. In Europe, the import and sale of ballistic vests and body armor products are allowed, with the exception of products that are developed under strict military specifications and/or for main military usage, or products above the level of protection NIJ 4, which are considered by the law as “armament materials” and, and as a result, prohibited for sale to civilians.

 

In the United Kingdom there are currently no legal restrictions on the import and sale of ballistic vests and body armor products, except, as similar to the Europe regulations, any products which are considered for main military usage.

 

Research and Development Activities and Costs

 

Madison has not spent any funds on research and development activities to date.

 

Compliance with Environmental Laws

 

Madison’s current operations are not subject to any environmental laws.

 

Facilities

 

Madison does not own or rent facilities of any kind at the date of this filing. Madison’s plan of operation may require the use of warehousing facilities to store inventory and fulfill customer orders, these may be leased on a month to month basis as required.

 

Madison plans to conduct its operations from the office of its president until Madison is in a position to commence and expand operations.

 

Number of Total Employees and Number of Full Time Employees

 

Madison does not have any employees other than the directors and officers of Madison.

 

Madison Technologies Inc.

Form 10-K - 2018

Page 7
   

 

Item 1A. Risk Factors.

 

Madison is a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and is not required to provide the information required under this item.

 

Item 1B. Unresolved Staff Comments.

 

Madison is a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and is not required to provide the information required under this item.

 

Item 2. Properties.

 

Madison’s executive offices are located at 4448 Patterdale Drive, North Vancouver, BC, Canada, V7R 4L8.

 

Madison currently has no interest in any property.

 

Item 3. Legal Proceedings.

 

Madison is not a party to any pending legal proceedings and, to the best of Madison’s knowledge, none of Madison’s property or assets are the subject of any pending legal proceedings.

 

Item 4. Mine Safety Disclosures.

 

There are no current mining activities at the date of this report.

 

PART II

 

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.

 

(a) Market Information

 

Madison’s Common Stock has been quoted on the NASD OTC Bulletin Board under the symbol “MDEX” since April 26, 2006. The following table gives the high and low price information for each fiscal quarter Madison’s common stock has been quoted for the last two fiscal years and for the interim period ended March 30, 2018. The price information was obtained from OTC Markets Group Inc. and reflects inter-dealer prices, without retail mark-up, mark-down or commission, and may not represent actual transactions.

 

High & Low Prices(1)           
Period ended  High   Low   Source
31 March 2019  $0.10   $0.095   OTC Markets Group Inc.
31 December 2018  $0.101   $0.10   OTC Markets Group Inc.
30 September 2018  $0.15   $0.10   OTC Markets Group Inc.
30 June 2018  $0.20   $0.10   OTC Markets Group Inc.
31 March 2018  $0.18   $0.11   OTC Markets Group Inc.
31 December 2017  $0.128   $0.116   OTC Markets Group Inc.
30 September 2017  $0.1304   $0.07   OTC Markets Group Inc.
30 June 2017  $0.3805   $0.13   OTC Markets Group Inc.
31 March 2017  $0.35   $0.15   OTC Markets Group Inc.

 

(1) All high & low price data for all periods reflect Madison’s 10:1 consolidation, which was effective March 11, 2015

 

Effective March 11, 2015, by a majority vote of the shareholders, Madison consolidated its issued and outstanding shares of common stock, without correspondingly decreasing the number of authorized shares of common stock, on a 10 “old” shares for every one “new” share basis, resulting in a decrease of Madison’s issued and outstanding share capital from 113,020,000 shares to approximately 11,302,000 shares of common stock, not including any rounding up of fractional shares to be issued on consolidation.

 

Madison Technologies Inc.

Form 10-K - 2018

Page 8
   

 

(b) Holders of Record

 

Madison has approximately 12 holders of record of Madison’s Common Stock as of December 31, 2018 according to a shareholders’ list provided by Madison’s transfer agent as of that date. The number of registered shareholders does not include any estimate by Madison of the number of beneficial owners of Common Stock held in street name. The transfer agent for Madison’s Common Stock is Pacific Stock Transfer, 4045 South Spencer Street, Suite 403, Las Vegas, Nevada 89119 and their telephone number is (702) 361-3033.

 

(c) Dividends

 

Madison has declared no dividends on its Common Stock, and is not subject to any restrictions that limit its ability to pay dividends on its shares of Common Stock. Dividends are declared at the sole discretion of Madison’s Board of Directors.

 

(d) Recent Sales of Unregistered Securities

 

There have been no sales of unregistered securities within the last three years that would be required to be disclosed pursuant to Item 701 of Regulation S-K., with the exception of the following:

 

July 2017 – Conversion of Promissory Notes

 

On July 13, 2017, Madison issued an aggregate 955,556 restricted shares of common stock in the capital of Madison pursuant to the terms and conditions of (1) a convertible promissory note dated May 1, 2014 in the principle amount of $25,000 at a conversion price of $0.045 per share and (2) a convertible promissory note dated October 27, 2016 in the principle amount of $20,000 at a conversion price of $0.05 per share.

 

For this share issuance, Madison relied upon Section 4(2) of the Securities Act of 1933 and Rule 903 of Regulation S promulgated pursuant to that Act by the Securities and Exchange Commission. The value of the restricted shares was set by Madison and the lenders as part of the negotiations of the terms and conditions of the convertible promissory notes.

 

Madison Technologies Inc.

Form 10-K - 2018

Page 9
   

 

January 2018 – Conversion of Promissory Notes

 

On January 25, 2018, Madison issued an aggregate 4,500,000 restricted shares of common stock in the capital of Madison pursuant to the terms and conditions of (1) a convertible promissory note dated March 19, 2013 in the principle amount of $25,000 at a conversion price of $0.01 per share and (2) a convertible promissory note dated March 24, 2011 in the principle amount of $10,000 at a conversion price of $0.005 per share

 

For this share issuance, Madison relied upon Section 4(2) of the Securities Act of 1933 and Rule 903 of Regulation S promulgated pursuant to that Act by the Securities and Exchange Commission. The value of the restricted shares was set by Madison and the lenders as part of the negotiations of the terms and conditions of the convertible promissory notes.

 

There is currently $163,490 in outstanding debt securities convertible into 13,136,467 shares of Madison’s Common Stock.

 

February 2018 - $0.10 Private Placement Offering

 

On February 16, 2018, the board of directors authorized the issuance of 150,000 restricted shares of common stock at a subscription price of $0.10 per restricted share. Madison raised $15,000 in cash in this closing, and will issue an aggregate 150,000 restricted shares of common stock to one non-US subscriber outside the United States. Madison set the value of the restricted shares arbitrarily without reference to its assets, book value, revenues or other established criteria of value. All the restricted shares issued in this offering were issued for investment purposes in a “private transaction”.

 

For the one non-US subscriber outside the United States in this closing, Madison relied upon Section 4(2) of the Securities Act of 1933 and Rule 903 of Regulation S promulgated pursuant to that Act by the Securities and Exchange Commission. Management is satisfied that Madison complied with the requirements of the exemption from the registration and prospectus delivery of the Securities Act of 1933. The offering was not a public offering and was not accompanied by any general advertisement or any general solicitation. Madison received from each subscriber a completed and signed subscription agreement containing certain representations and warranties, including, among others, that (a) the subscriber was not a U.S. person, (b) the subscriber subscribed for the shares for their own investment account and not on behalf of a U.S. person, and (c) there was no prearrangement for the sale of the shares with any buyer. No offer was made or accepted in the United States and the share certificates representing the shares will be issued bearing a legend with the applicable trading restrictions.

 

As of the date of this filing the shares remain outstanding but not issued.

 

March 2018 - $0.10 Private Placement Offering

 

On March 2, 2018, the board of directors authorized the issuance of 150,000 restricted shares of common stock at a subscription price of $0.10 per restricted share. Madison raised $15,000 in cash in this closing, and will issue an aggregate 150,000 restricted shares of common stock to one non-US subscriber outside the United States. Madison set the value of the restricted shares arbitrarily without reference to its assets, book value, revenues or other established criteria of value. All the restricted shares issued in this offering were issued for investment purposes in a “private transaction”.

 

For the one non-US subscriber outside the United States in this closing, Madison relied upon Section 4(2) of the Securities Act of 1933 and Rule 903 of Regulation S promulgated pursuant to that Act by the Securities and Exchange Commission. Management is satisfied that Madison complied with the requirements of the exemption from the registration and prospectus delivery of the Securities Act of 1933. The offering was not a public offering and was not accompanied by any general advertisement or any general solicitation. Madison received from each subscriber a completed and signed subscription agreement containing certain representations and warranties, including, among others, that (a) the subscriber was not a U.S. person, (b) the subscriber subscribed for the shares for their own investment account and not on behalf of a U.S. person, and (c) there was no prearrangement for the sale of the shares with any buyer. No offer was made or accepted in the United States and the share certificates representing the shares will be issued bearing a legend with the applicable trading restrictions.

 

Madison Technologies Inc.

Form 10-K - 2018

Page 10
   

 

As of the date of this filing the shares remain outstanding but not issued.

 

February 2019 - $0.05 Private Placement Offering

 

On February 26, 2019, the board of directors authorized the issuance of 400,000 restricted shares of common stock at a subscription price of $0.05 per restricted share. Madison raised $20,000 in cash in this closing, and will issue an aggregate 400,000 restricted shares of common stock to one non-US subscriber outside the United States. Madison set the value of the restricted shares arbitrarily without reference to its assets, book value, revenues or other established criteria of value. All the restricted shares issued in this offering were issued for investment purposes in a “private transaction”.

 

For the one non-US subscriber outside the United States in this closing, Madison relied upon Section 4(2) of the Securities Act of 1933 and Rule 903 of Regulation S promulgated pursuant to that Act by the Securities and Exchange Commission. Management is satisfied that Madison complied with the requirements of the exemption from the registration and prospectus delivery of the Securities Act of 1933. The offering was not a public offering and was not accompanied by any general advertisement or any general solicitation. Madison received from each subscriber a completed and signed subscription agreement containing certain representations and warranties, including, among others, that (a) the subscriber was not a U.S. person, (b) the subscriber subscribed for the shares for their own investment account and not on behalf of a U.S. person, and (c) there was no prearrangement for the sale of the shares with any buyer. No offer was made or accepted in the United States and the share certificates representing the shares will be issued bearing a legend with the applicable trading restrictions.

 

As of the date of this filing the shares remain outstanding but not issued.

 

March 2019 - $0.05 Private Placement Offering

 

On March 13, 2019, the board of directors authorized the issuance of 600,000 restricted shares of common stock at a subscription price of $0.05 per restricted share. Madison raised $30,000 in cash in this closing, and will issue an aggregate 600,000 restricted shares of common stock to one non-US subscriber outside the United States. Madison set the value of the restricted shares arbitrarily without reference to its assets, book value, revenues or other established criteria of value. All the restricted shares issued in this offering were issued for investment purposes in a “private transaction”.

 

For the one non-US subscriber outside the United States in this closing, Madison relied upon Section 4(2) of the Securities Act of 1933 and Rule 903 of Regulation S promulgated pursuant to that Act by the Securities and Exchange Commission. Management is satisfied that Madison complied with the requirements of the exemption from the registration and prospectus delivery of the Securities Act of 1933. The offering was not a public offering and was not accompanied by any general advertisement or any general solicitation. Madison received from each subscriber a completed and signed subscription agreement containing certain representations and warranties, including, among others, that (a) the subscriber was not a U.S. person, (b) the subscriber subscribed for the shares for their own investment account and not on behalf of a U.S. person, and (c) there was no prearrangement for the sale of the shares with any buyer. No offer was made or accepted in the United States and the share certificates representing the shares will be issued bearing a legend with the applicable trading restrictions.

 

As of the date of this filing the shares remain outstanding but not issued.

 

Madison Technologies Inc.

Form 10-K - 2018

Page 11
   

 

(e) Penny Stock Rules

 

Trading in Madison’s Common Stock is subject to the “penny stock” rules. The SEC has adopted regulations that generally define a penny stock to be any equity security that has a market price of less than $5.00 per share, subject to certain exceptions. These rules require that any broker-dealer who recommends Madison’s Common Stock to persons other than prior customers and accredited investors, must, prior to the sale, make a special written suitability determination for the purchaser and receive the purchaser’s written agreement to execute the transaction. Unless an exception is available, the regulations require the delivery, prior to any transaction involving a penny stock, of a disclosure schedule explaining the penny stock market and the risks associated with trading in the penny stock market. In addition, broker-dealers must disclose commissions payable to both the broker-dealer and the registered representative and current quotations for the securities they offer. The additional burdens imposed upon broker-dealers by such requirements may discourage broker-dealers from effecting transactions in Madison’s securities, which could severely limit their market price and liquidity of Madison’s securities. The application of the “penny stock” rules may affect your ability to resell Madison’s securities.

 

Item 6. Selected Financial Data.

 

Madison is a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and is not required to provide the information required under this item.

 

Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

 

THE FOLLOWING PRESENTATION OF THE PLAN OF OPERATION OF MADISON TECHNOLOGIES INC. SHOULD BE READ IN CONJUNCTION WITH THE AUDITED FINANCIAL STATEMENTS AND OTHER FINANCIAL INFORMATION INCLUDED HEREIN.

 

Overview

 

Madison was incorporated in the State of Nevada on June 15, 1998 under the name “Madison-Taylor General Contractors, Inc.” Effective May 24, 2004, Madison changed its name to “Madison Explorations, Inc.” by a majority vote of the shareholders. Effective March 9, 2015, Madison changed its name to “Madison Technologies Inc,” by a majority vote of the shareholders. See Exhibit 3.3 – Certificate of Amendment for more details.

 

Pursuant to the terms and conditions of a product license agreement dated September 16, 2016 between Tuffy Packs, LLC and Madison Technologies Inc. Tuffy Packs has granted an exclusive license to Madison for the distribution of Tuffy Pack’s product line (collectively, the “Licensed Products”) into the United Kingdom and 43 European countries. According to the terms and conditions of the product license agreement Madison will pay an aggregate amount of $50,000 for the exclusive license to distribute the Licensed Products in Europe. See Exhibit 10.5 - Product License Agreement for more details.

 

Madison Technologies Inc.

Form 10-K - 2018

Page 12
   

 

Tuffy Packs manufactures a line of custom inserts that provide a level of personal protection from ballistic threats similar to what law enforcement officers wear daily as bullet proof vests. The ballistic panels conform to the National Institute of Justice (NIJ) Level IIIA threat requirements.

 

Results of Operation for the Period Ended December 31, 2018

 

During the fiscal year ended December 31, 2018, we incurred net losses of $53,906, compared to our net losses in fiscal 2017 of $53,273. Our losses in the current fiscal year were slightly higher due to higher general and administrative expenses that we incurred in connection with our preparation and filings.

 

We have not attained profitable operations and are dependent upon obtaining financing to complete our proposed business plan. For these reasons our auditors believe that there is substantial doubt that we will be able to continue as a going concern.

 

Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation.

 

Liquidity and Capital Resources

 

As of December 31, 2018, Madison had total assets of $5,543, and a working capital deficit of $366,114, compared with a working capital deficit of $394,968 as of December 31, 2017. The decrease in the working capital deficit was primarily due to two convertibles notes totaling $35,000 being converted into common stock. The assets consisted of $2,543 in cash and $3,000 in prepaid expenses. The liabilities consisted of $48,169 in accounts payable and accrued liabilities ($45,394 in 2017), $33,500 in license fee payable ($33,500 in 2017), $126,498 in notes payable and accrued interest ($123,094 in 2017), $163,000 in convertible notes payable to third parties ($196,000 in 2017), and $490 in convertible notes payable to a related party $261 in advances in 2017).

 

There are no assurances that Madison will be able to achieve further sales of its Common Stock or any other form of additional financing. If Madison is unable to achieve the financing necessary to continue its plan of operations, then Madison will not be able to continue its plan of operations and its business will fail.

 

Net Cash Used in Operating Activities

 

For the fiscal year ended December 31, 2018, net cash used in operating activities increased to $32,967 compared with $10,978 for the same period in the previous fiscal year. The use of cash was primarily due to a net loss of $53,906 less non-cash items of interest on the convertible debt of $6,135, amortization of license of $17,760 and, the increase in accounts payable and accruals. Gain on the foreign exchange on notes payable and the balance in prepaid expenses were factors in increasing the cash used in operations.

 

Net Cash Used in Investing Activities

 

The Company did not invest any cash in investing activities in either the year ending December 31, 2018 or 2017.

 

Net Cash Provided by Financing Activities

 

Net cash flows provided by financing activities was $32,290 for the fiscal year ended December 31, 2018 as compared with financing activities of $nil for the same period in the previous fiscal year. The net cash provided by financing activities was due to the proceeds from convertible notes payable, small advances from related party and shares subscribed but not issued.

 

Plan of Operation

 

Madison’s plan of operation for the next 12 months is to deliver the Licensed Products into the European and UK retail and wholesale markets via the use of online market and fulfilment services including but not limited to Amazon.eu, Redstag and MCS Fulfilment. By implementing these companies’ services Madison will be able to establish a reliable supply chain that will receive delivery of the Licensed Products, warehouse the Licensed Products, package the Licensed Package as per each customer order, and ship the Licensed Products to the customer efficiently and cost effectively.

 

Madison Technologies Inc.

Form 10-K - 2018

Page 13
   

 

Management expects to expand Madison’s sales distribution strategy beginning in May 2019 and to be operational by September 2019, this includes the following components:

 

1. Initial inventory with an estimated cost of $10,000

 

2. Social media and online advertising of $10,000

 

3. Payments to be made under Product License Agreement of $33,500

 

Madison sales strategy is to develop online exposure through the use of social media marketing and sending demo packs of the Licensed Products to both online bloggers and established gun owner clubs. The demo packs will include both new products as well as examples of the products that have been tested and exposed to gunfire to demonstrate the products effectiveness.

 

In addition to the costs associated to Madison’s sales and distribution strategy, management anticipates incurring the following expenses during the next 12 month period:

 

  Management anticipates spending approximately $2,500 in ongoing general and administrative expenses per month for the next 12 months, for a total anticipated expenditure of $30,000 over the next 12 months. The general and administrative expenses for the year will consist primarily of professional fees for the audit and legal work relating to Madison’s regulatory filings throughout the year, as well as transfer agent fees, annual mineral claim fees and general office expenses.
     
  Management anticipates spending approximately $15,000 in complying with Madison’s obligations as a reporting company under the Securities Exchange Act of 1934 and as a reporting issuer in Canada. These expenses will consist primarily of professional fees relating to the preparation of Madison’s financial statements and completing and filing its annual report, quarterly report, and current report filings with the SEC and with SEDAR in Canada.

 

As at December 31, 2018, Madison had cash of $2,543 and a working capital deficit of $366,114. Accordingly, Madison will require additional financing in the amount of $405,571 in order to fund its obligations as a reporting company under the Securities Act of 1934 and its general and administrative expenses for the next 12 months.

 

During the 12 month period following the date of this annual report, management anticipates that Madison will not generate any revenue. Accordingly, Madison will be required to obtain additional financing in order to continue its plan of operations. Management believes that debt financing will not be an alternative for funding Madison’s plan of operations as it does not have tangible assets to secure any debt financing. Rather, management anticipates that additional funding will be in the form of equity financing from the sale of Madison’s Common Stock. However, Madison does not have any financing arranged and cannot provide investors with any assurance that it will be able to raise sufficient funding from the sale of its Common Stock to fund its plan of operations. In the absence of such financing, Madison will not be able to acquire any interest in a new technology and its business plan will fail. Even if Madison is successful in obtaining equity financing and acquire an interest in a new technology, additional research and development will be required before a determination as to whether the technology will be commercially viable. If Madison does not continue to obtain additional financing, it will be forced to abandon its business and plan of operations.

 

Purchase of Significant Equipment

 

We do not intend to purchase any significant equipment during the next 12 months.

 

Off-Balance Sheet Arrangements

 

Madison has no off-balance sheet arrangements including arrangements that would affect its liquidity, capital resources, market risk support and credit risk support or other benefits.

 

Material Commitments for Capital Expenditures

 

Madison had no contingencies or long-term commitments at December 31, 2018.

 

Madison Technologies Inc.

Form 10-K - 2018

Page 14
   

 

Going Concern

 

The independent auditors’ report accompanying our December 31, 2018 and 2017 financial statements contains an explanatory paragraph expressing substantial doubt about our ability to continue as a going concern. The financial statements have been prepared assuming that we will continue as a going concern, which contemplates that we will realize our assets and satisfy our liabilities and commitments in the ordinary course of business.

 

Tabular Disclosure of Contractual Obligations

 

Madison is a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and is not required to provide the information required under this item.

 

Critical Accounting Policies

 

Madison’s financial statements and accompanying notes are prepared in accordance with generally accepted accounting principles in the United States. Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. These estimates and assumptions are affected by management’s application of accounting policies. Management believes that understanding the basis and nature of the estimates and assumptions involved with the following aspects of Madison’s financial statements is critical to an understanding of Madison’s financial statements.

 

Use of Estimates

 

The preparation of financial statements in accordance with United States generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses in the reporting period. Madison regularly evaluates estimates and assumptions related to deferred income tax asset valuation allowances. Madison bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by Madison may differ materially and adversely from Madison’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.

 

Fair Value Measurements

 

Madison follows FASB ASC 820, “Fair Value Measurements and Disclosures”, for all financial instruments and non-financial instruments accounted for at fair value on a recurring basis. This new accounting standard establishes a single definition of fair value and a framework for measuring fair value, sets out a fair value hierarchy to be used to classify the source of information used in fair value measurement and expands disclosures about fair value measurements required under other accounting pronouncements. It does not change existing guidance as to whether or not an instrument is carried at fair value. Madison defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities, which are required to be recorded at fair value, Madison considers the principal or most advantageous market in which Madison would transact and the market-based risk measurements or assumptions that market participants would use in pricing the asset or liability, such as inherent risk, transfer restrictions and credit risk. Madison has adopted FASB ASC 825, “Financial Instruments”, which allows companies to choose to measure eligible financial instruments and certain other items at fair value that are not required to be measured at fair value. Madison has not elected the fair value option for any eligible financial instruments.

 

Impairment of Long-Lived Assets

 

Impairment losses on long-lived assets, such as mining claims, are recognized when events or changes in circumstances indicate that the undiscounted cash flows estimated to be generated by such assets are less than their carrying value and, accordingly, all or a portion of such carrying value may not be recoverable. Impairment losses are then measured by comparing the fair value of assets to their carrying amounts.

 

Item 7A. Quantitative and Qualitative Disclosures About Market Risk.

 

Madison is a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and is not required to provide the information required under this item.

 

Madison Technologies Inc.

Form 10-K - 2018

Page 15
   

 

Item 8. Financial Statements and Supplementary Data.

 

MADISON TECHNOLOGIES INC.

 

Financial Statements

 

December 31, 2018

 

Madison Technologies Inc.

Form 10-K - 2018

Page 16
   

 

MADISON TECHNOLOGIES INC.

 

(AUDITED)

TABLE OF Contents

 

FINANCIAL STATEMENTS  
   
Report of Independent Registered Public Accounting Firm 18
   
Balance Sheets 19
   
Statements of Operations 20
   
Statements of Stockholders’ Deficit 21
   
Statements of Cash Flows 22
   
Notes to the Financial Statements 23-29

 

Madison Technologies Inc.

Form 10-K - 2018

Page 17
   

 

K. R. MARGETSON LTD. Chartered Professional Accountant
#210, 905 West Pender Street Tel: 604.641.4450
Vancouver BC V6C 1L6 Fax: 1.855.603.3228
Canada  

 

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

 

To the Board of Directors and Stockholders of

Madison Technologies Inc.

 

Opinion on the financial statements

 

I have audited the accompanying balance sheets of Madison Technologies Inc. as of December 31, 2018 and 2017 and the related statements of operations, stockholders’ deficit and cash flows for each of the two years then ended and the related notes (collectively referred to as the “financial statements’). In my opinion, the financial statements present fairly, in all material respects, the financial position of the Company as at December 31, 2018 and 2017 and the results of its operations and its cash flows for each of the two years in the period ended December 31, 2018 in conformity with accounting principles generally accepted in the United States of America.

 

Basis for opinion

 

These financial statements are the responsibility of the Company’s management. My responsibility is to express an opinion on these financial statements based on my audits. My company is a public accounting firm registered with the Public Company Accounting Oversight Board (“PCAOB”) and is required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

 

I conducted my audits in accordance with the standards of the PCAOB. Those standards require that I plan and perform an audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. My audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining on a test basis, evidence regarding the amounts and disclosures in the financial statements. My audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. I believe that my audits provide a reasonable basis for my opinion.

 

The accompanying financial statements have been prepared using accounting principles generally accepted in the United States of America assuming that the Company will continue as a going concern. As discussed in Note 1 to the financial statements, the Company has incurred operating losses since inception, which raises substantial doubt about its ability to continue as a going concern. Management’s plans in regard to their planned financing and other matters are also described in Note 1. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

 

/s/ K. R. Margetson Ltd

Chartered Professional Accountant

 

I have served as the Company’s auditor since 2009

 

Vancouver, Canada

March 29, 2019

 

Madison Technologies Inc.Form 10-K - 2018Page 18
 

 

MADISON TECHNOLOGIES INC.

 

Balance Sheets

 

(Audited)

 

   December 31, 2018   December 31, 2017 
         
ASSETS          
           
CURRENT ASSETS          
Cash  $2,543   $3,281 
Prepaid expenses   3,000    - 
           
    5,543    3,281 
           
Intangible asset, at amortized cost License agreement (Note 5)   -    17,760 
           
Total Assets  $5,543   $21,041 
           
LIABILITIES AND STOCKHOLDERS’ DEFICIT          
           
CURRENT LIABILITIES          
Accounts payable and accrued liabilities  $48,169   $45,394 
License fee payable (Note 3)   33,500    33,500 
Demand notes and accrued interest payable (Note 4)   126,498    123,094 
Convertible notes payable (Note 5)   163,000    196,000 
Related party convertible note payable (Notes 5 & 6)   490    - 
Related party advance (Note 6)   -    261 
           
Total liabilities   371,657    398,249 
           
STOCKHOLDERS’ DEFICIT          
Common Stock (Note 7) Par Value: $0.001 Authorized 500,000,000 shares Issued and outstanding: 16,757,565 shares (Dec 31, 2017 – 12,257,565 shares)   16,757    12,257 
Additional Paid in Capital   119,145    88,645 
Shares subscribed (Note 7)   30,000    - 
Accumulated deficit   (532,016)   (478,110)
           
Total stockholders’ deficit   (366,114)   (377,208)
           
Total liabilities and stockholders’ deficit  $5,543   $21,041 

 

Note 1 Going concern

Note 9 Subsequent events

 

See Accompanying Notes to the Financial Statements.

 

Madison Technologies Inc.Form 10-K - 2018Page 19
 

 

MADISON TECHNOLOGIES INC.

 

STATEMENTS of Operations

 

(Audited)

 

   For the year   For the year 
   ended   ended 
   December 31, 2018   December 31, 2017 
         
Revenues          
Sales  $4,426   $6,675 
Cost of sales   2,527    4,511 
           
Gross Margin   1,899    2,164 
           
Operating expenses          
Amortization   17,760    25,000 
General and administrative   31,910    24,277 
           
    49,670    49,277 
           
Loss before other item   (47,771)   (47,113)
Other item - interest   (6,135)   (6,160)
           
Net loss and comprehensive loss  $(53,906)  $(53,273)
           
Net loss per share -Basic and diluted  $(0.003)  $(0.005)
           
Average number of shares of common stock outstanding   16,449,346    11,747,053 

 

See Accompanying Notes to the Financial Statements.

 

Madison Technologies Inc.Form 10-K - 2018Page 20
 

 

MADISON TECHNOLOGIES INC.

 

StatementS of stockholders’DEFICIT

 

(Audited)

 

           Additional             
   Common       Paid In   Shares   Accumulated     
   Shares   Amount   Capital   Subscribed   Deficit   Total 
                         
Balance, December 31, 2016   11,302,009   $11,302   $44,600   $-   $(424,837)  $(368,935)
                               
Debt converted to shares                              
Converted at $0.05 per share   400,000    400    19,600    -    -    20,000 
Converted at $0.045 per share   555,556    555    24,445    -    -    25,000 
Net loss, December 31, 2017   -    -    -    -    (53,273)   (53,273)
                               
Balance, December 31, 2017   12,257,565    12,257    88,645    -    (478,110)   (377,208)
                               
Debt converted to shares                              
Converted at $0.01 per share   2,500,000    2,500    22,500    -    -    25,000 
Converted at $0.005 per share   2,000,000    2,000    8,000    -    -    10,000 
Shares subscribed at $0.10 per share   -    -    -    30,000    -    30,000 
Net loss, December 31, 2018   -    -    -    -    (53,906)   (53,906)
                               
Balance, December 31, 2018   16,757,565   $16,757   $119,145   $30,000   $(532,016)  $(366,114)

 

See Accompanying Notes to the Financial Statements.

 

Madison Technologies Inc.Form 10-K - 2018Page 21
 

 

MADISON TECHNOLOGIES INC.

 

StatementS of cash flows

 

(Audited)

 

   For the year   For the year 
   ended   ended 
   December 31, 2018   December 31, 2017 
         
Cash Flows from operating activities:          
Net loss for the year – as restated (Note 10)  $(53,906)  $(53,273)
Adjustments to reconcile net loss to cash used in operating activities:          
Amortization of license   17,760    25,000 
Accrued interest on notes payable   6,135    6,160 
Foreign exchange on notes payable   (2,731)   2,252 
Changes in assets and liabilities:          
Accounts payable and accruals   2,775    8,883 
Prepaid expenses   (3,000)   - 
           
Net cash used in operating activities   (32,967)   (10,978)
           
Cash Flows from financing activities:          
Proceeds from convertible notes issued   2,000    - 
Advances from related party   229    - 
Shares subscribed but not issued   30,000    - 
           
Net cash provided by financing activities   32,290    - 
           
Net decrease in cash   (738)   (10,978)
           
Cash, beginning of year   3,281    14,259 
           
Cash, end of year  $2,543   $3,281 
           
SUPPLEMENTAL DISCLOSURE          
           
Interest paid  $-   $- 
Taxes paid  $-   $- 
Convertible note issued for related party advance  $490   $- 

 

See Accompanying Notes to the Financial Statements

 

Madison Technologies Inc.Form 10-K - 2018Page 22
 

 

MADISON TECHNOLOGIES INC.

 

NOTES TO THE INTERIM FINANCIAL STATEMENTS

 

(Audited)

 

December 31, 2018

 

Note 1 Nature and Continuance of Operations

 

The Company was incorporated on June 15, 1998 in the State of Nevada, USA and the Company’s common shares are publicly traded on the OTC Bulletin Board.

 

On January 21, 2015, a majority of the Company’s stockholders approved a consolidation of the issued and outstanding shares of common stock, on a 10 for 1 basis, thereby decreasing the issued and outstanding share capital from 113,020,000 to 11,302,000. These financial statements give retroactive effect to this change.

 

Effective December 31, 2016, the Company dissolved its wholly owned subsidiary, Scout Resources Inc. (“Scout”) and assumed all the debt that Scout owed.

 

Up until fiscal 2014, the Company was in the business of mineral exploration. On May 28, 2014, the Company formalized an agreement whereby it purchased assets associated with a smokeless cannabis delivery system. The Company planned to develop this system for commercial purposes. On December 14, 2014, the smokeless cannabis delivery agreement was terminated.

 

On September 16, 2016, the Company entered into an exclusive distribution product license agreement with Tuffy Packs, LLC to distribute products into the United Kingdom and 43 other essentially European countries. The Company is selling ballistic panels which are personal body armors, that conforms to the National Institute of Justice (NIJ) Level IIIA threat requirements. The Company’s plan of operations and sales strategy include online and social media marketing, as well as attending various tradeshows and conferences. As the Company failed to make specified payments as required, the agreement was amended to a non-exclusive basis.

 

On March 11, 2015, the Company changed its name from Madison Explorations, Inc. to Madison Technologies Inc. and effected the stock consolidation.

 

These financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which assumes that the Company will be able to meet its obligations and continue its operations for its next twelve months. Realization values may be substantially different from carrying values as shown and these financial statements do not give effect to adjustments that would be necessary to the carrying values and classification of assets and liabilities should the Company be unable to continue as a going concern. At December 31, 2018, the Company had not yet achieved profitable operations, has accumulated losses of $532,016 since its inception and expects to incur further losses in the development of its business, all of which casts substantial doubt about the Company’s ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management has no formal plan in place to address this concern but considers that the Company will be able to obtain additional funds by equity financing and/or related party advances. That said, there is no assurance of additional funding being available.

 

Madison Technologies Inc.Form 10-K - 2018Page 23
 
 

Note 2 Summary of Significant Accounting Policies

 

a) Year end

 

The Company has elected a December 31st fiscal year end.

 

b) Cash and cash equivalents

 

The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. As at December 31, 2018, the Company did not have any cash equivalents in 2018. (2017 – $nil).

 

c) Revenue Recognition

 

The Company recognizes revenue when a contract is in place, goods or services are delivered to the purchaser and collectability is reasonably assured.

 

d) Stock-Based Compensation

 

The Company follows the guideline under FASB ASC Topic 718 “Compensation-Stock Compensationfor all stock-based compensation plans, including employee stock options, restricted stock, employee stock purchase plans and stock appreciation rights. Stock compensation expenses are to be recorded using the fair value method. No stock options have been issued.

 

e) Basic and Diluted Net Income (Loss) per Share

 

The Company reports basic loss per share in accordance FASB ASC Topic 260, “Earnings per share”. Basic net income (loss) per share is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share on the potential exercise of the equity-based financial instruments is not presented where anti-dilutive.

 

f) Comprehensive Income

 

In accordance with FASB ASC Topic 220 “Comprehensive Income,” comprehensive income consists of net income and other gains and losses affecting stockholder’s equity that are excluded from net income, such as unrealized gains and losses on investments available for sale, foreign currency translation gains and losses and minimum pension liability.

 

g) Use of Estimates

 

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying disclosures. Although these estimates are based on management’s best knowledge of current events and actions the Company may undertake in the future, actual results may ultimately differ from the estimates. Management believes such estimates to be reasonable.

 

h) Fair Value Measurements

 

The Company follows FASB ASC Topic 820, “Fair Value Measurements and Disclosures”, for all financial instruments and non-financial instruments accounted for at fair value on a recurring basis. This accounting standard establishes a single definition of fair value and a framework for measuring fair value, sets out a fair value hierarchy to be used to classify the source of information used in fair value measurement and expands disclosures about fair value measurements required under other accounting pronouncements. It does not change existing guidance as to whether or not an instrument is carried at fair value. The Company defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities, which are required to be recorded at fair value, the Company considers the principal or most advantageous market in which the Company would transact and the market-based risk measurements or assumptions that market participants would use in pricing the asset or liability, such as inherent risk, transfer restrictions and credit risk. The Company has adopted FASB ASC 825, “Financial Instruments”, which allows companies to choose to measure eligible financial instruments and certain other items at fair value that are not required to be measured at fair value. The Company has not elected the fair value option for any eligible financial instruments.

 

Madison Technologies Inc.Form 10-K - 2018Page 24
 

 

i) Financial Instruments and correction of error in previously issued financial statements

 

Fair Value

 

The Company’s financial instruments consisting of cash, account payable and accrued liabilities, notes payable and accrued interest and related party advances are carried at face which approximates fair value because of their short-term nature.

 

During the year ended 2017, the Company changed the accounting policy by which it accounts for its convertible debt. Previously, the Company based its policy on the fact that the promissory notes have been issued without an interest component and, assuming the reason for investing is the pursuit of profit, the total value of these instruments had been allocated to the equity component as this is the only logical reason for investment. Promissory note issuances were included in additional paid-in capital and were amortized and charged to interest on an effective interest rate basis.

 

During the year, the Company corrected this policy and adopted FASB ASC Topic 470, “Debt with Conversions and Other Options,” which requires that convertible debt with no beneficial conversion feature be allocated in totality to debt and that no amount be allocated to equity. This change has been applied retroactively to the financial statements and the effect on the financial statements is described in Note 8. None of the Company’s convertible notes had a beneficial conversion feature.

 

Risks:

 

Financial instruments that potentially subject the Company to credit risk consist principally of cash. Management does not believe the Company is exposed to significant credit risk.

 

Management, as well, does not believe the Company is exposed to significant interest rate risks during the period resented in these financial statements.

 

The accompanying financial statements do not include any adjustments that might result from the eventual outcome of the risks and uncertainties described above.

 

j) Income Taxes

 

The Company accounts for income taxes under an asset and liability approach that requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in the Company’s financial statements or tax returns. In estimating future tax consequences, all expected future events other than enactment of changes in the tax laws or rates are considered.

 

Due to the uncertainty regarding the Company’s future profitability, the future tax benefits of its losses have been fully reserved.

 

Madison Technologies Inc.Form 10-K - 2018Page 25
 

 

k) Impairment of Long-Lived Assets

 

Impairment losses on long-lived assets, such as mining claims, are recognized when events or changes in circumstances indicate that the undiscounted cash flows estimated to be generated by such assets are less than their carrying value and, accordingly, all or a portion of such carrying value may not be recoverable. Impairment losses are then measured by comparing the fair value of assets to their carrying amounts.

 

l) Foreign Currency Translation and Transactions

 

The Company’s functional currency is US dollars. Foreign currency balances are translated into US dollars as follows:

 

Monetary assets and liabilities are translated at the period-end exchange rate. Non-monetary assets are translated at the rate of exchange in effect at their acquisition, unless such assets are carried at market or nominal value, in which case they are translated at the period-end exchange rate. Revenue and expense items are translated at the average exchange rate for the period. Foreign exchange gains and losses in the period are included in operations.

 

The functional currency of the now dissolved wholly owned subsidiary was Canadian dollars. The assets and liabilities arising from these operations were translated at current exchange rates and related revenues and expenses at the exchange rates in effect at the time the revenue or expense was incurred. Resulting translation adjustments, if material, were accumulated as a separate component of accumulated other comprehensive income in the statement of stockholders’ deficit.

 

m) Intangible Assets

 

Intangible assets are non-monetary identifiable assets, controlled by the Company that will produce future economic benefits, based on reasonable and supportable assumptions about conditions that will exist over the life of the asset. An intangible asset that does not meet these attributes will be recognized as an expense when it is incurred. Intangible assets that do, are capitalized and initially measured at cost. Those with a determinable life will be amortized on a systematic basis over their future economic life. Those with an indefinite useful life shall not be amortized until its useful life is determined to be longer indefinite. An intangible assets subject to amortization shall be periodically reviewed for impairment. A recoverability test will be performed and, if applicable, unscheduled amortization is considered.

 

A license agreement has been capitalized and recorded at cost. It has been amortized over the life of the contract, which is two years.

 

n) Recent Accounting Pronouncements

 

The Company adopts new pronouncements relating to generally accepted accounting principles applicable to the Company as they are issued, which may be in advance of their effective date. Management does not believe that any pronouncement not yet effective but recently issued would, if adopted, have a material effect on the accompanying financial statements.

 

Note 3 License Agreement

 

The Company entered into an exclusive product license agreement on September 16, 2016 with Tuffy Packs, LLC, a Texas corporation, to sell Ballistic Panels in certain countries, essentially in Europe. The license is for a period of two years unless terminated and may be renewed for successive terms of two years each. The payment terms for the license is as follows:

 

  1. $10,000 payable within seven days after the effective date;
  2. An additional $15,000 payable within 30 days after the effective date; and
  3. A final payment of $25,000 payable within 90 days of the effective date.

 

Madison Technologies Inc.Form 10-K - 2018Page 26
 

 

At December 31, 2018, the Company had paid $16,500 to the Licensor, leaving an unpaid balance of $33,500. To date, the Company has recorded a total license amortization of $50,000.

 

As a result of the failure to make payments as required under the agreement, the Company was informed on March 20, 2017, that going forward, the agreement would be on a non-exclusive basis.

 

Note 4 Demand Notes and Accrued Interest Payable

 

The Company has three notes payable. Each note is unsecured and payable on demand.

 

   December 31, 2018   December 31, 2017 
         
Note payable bearing interest at 8%  $25,000   $25,000 
Accrued interest there on   27,797    25,797 
    52,797    50,797 
           
Note payable bearing interest at 5%
(Debt is Canadian $30,000)
   22,059    23,809 
Accrued interest there on   12,960    12,798 
    35,019    36,607 
           
Note payable bearing at 12%   25,000    25,000 
Accrued interest there on   13,682    10,690 
    38,682    35,690 
           
Total debt and interest payable  $126,498   $123,094 

 

Interest accrued for the year ended December 31, 2018 were as follows:

 

Interest accrued on the note bearing 8% interest was $2,000 (2017 - $2,00).

 

Interest accrued on the note bearing 5% interest was $1,143 (2017 - $1,190).

 

Interest accrued on the note bearing 12% interest was $2,992 (2017 - $2,992).

 

Madison Technologies Inc.Form 10-K - 2018Page 27
 

 

Note 5 Convertible Notes Payable

 

As at December 31, 2018, there are nine convertible notes payable. Two notes were converted into shares during the year ended December 31, 2017 and two notes were converted into shares during the period ended March 31, 2018. All notes are non-interest bearing, unsecured and payable on demand. The remaining notes are convertible into common stock at the discretion of the holder at five different conversion rates: $0.01 debt to 1 common share, $0.005 to 1 common share; $0.15 to 1 common share; $0.05 to 1 common share; and $0.04 to 1 common share. The effect that conversion would have on earnings per share has not been disclosed due to the anti-dilutive effect. A recap of convertible debt outstanding based on conversion rates is as follow:

 

   December 31, 2018   December 31, 2017 
         
Convertible at $0.01 debt to 1 common share  $85,000   $110,000 
Convertible at $0.005 debt to 1 common share   10,000    20,000 
Convertible at $0.015 debt to 1 common share   25,000    25,000 
Convertible at $0.05 debt to 1 common share   23,490    21,000 
Convertible at $0.04 debt to 1 common share   20,000    20,000 
    163,490    196,000 
Less related party convertible debt at $0.05 debt to 1 common share (Note 6)   (490)     
Total convertible debt to third parties  $163,000   $196,000 

 

Note 6 Related Party Advance

 

In 2008, the President advanced the Company $561 repayable without interest or any other terms. The unpaid balance as at October 23, 2018 was $261. The President advanced a further $229 (CAD $300) to cover out of pocket expenditures. On October 23, 2018, the Company entered into a convertible note payable with the President by combining the two advances to the aggregate amount of $490. The note payable is due on demand and may be convertible to common stock of the Company at $0.05 per share. There were no other related party transactions during the period ended December 31, 2018 or the year ended December 31, 2017.

 

Note 7 Common Stock

 

On March 2, 2018, the Company completed a private placement of 150,000 shares of common stock at a per share price of $0.10 for gross proceeds of $15,000. As of the date of this report, the shares have not been issued.

 

On February 16, 2018, the Company completed a private placement of 150,000 shares of common stock at a per share price of $0.10 for gross proceeds of $15,000. As of the date of this report, the shares have not been issued.

 

On January 25, 2018, two convertible notes were converted into shares. One note for $25,000 was converted into 2,500,000 shares at $0.01 per share and the other note for $10,000 was converted into 2,000,000 shares at $0.005 per share.

 

On July 14, 2017, two convertible notes were converted into shares. One note for $25,000 was converted into 555,556 shares at $0.045 per share and the other note for $20,000 was converted to 400,000 shares at $0.05 per share.

 

On January 21, 2015, a majority of the Company’s stockholders approved a consolidation of the issued and outstanding shares of common stock, on a 10 for 1 basis, thereby decreasing the issued and outstanding share capital from 113,020,000 to 11,302,009. This was effected on March 11, 2015. This consolidation has been applied retroactively and all references to the number of shares issued reflect this consolidation.

 

On March 30, 2006, the Company entered into a private placement agreement whereby the Company issued 20,000 Regulation-S shares in exchange for $50,000. ($2.50 per share).

 

On June 7, 2004, the Company issued 5,907,000 in consideration of $472 in cash. ($.00008 per share.)

 

Madison Technologies Inc.Form 10-K - 2018Page 28
 

 

On June 14, 2001, the Company approved a forward stock split of 5,000:1.

 

On June 15, 1998, the Company authorized and issued 5,375,000 shares of its common stock in consideration of $430 in cash. ($.00008 per share.)

 

There are no shares subject to warrants or options as of December 31, 2018.

 

Note 8 Income Taxes

 

Income tax recovery differs from that which would be expected from applying the effective tax rates to the net income (loss) as follows:

 

   December 31, 2018   December 31, 2017 
         
Net income (loss) for the year – as restated  $(53,906)  $(53,273)
Statutory and effective tax rates   27.0%   26.0%
Income taxes expenses (recovery) at the effective rate  $(14,555)  $(13,851)
Effect of change in tax rates   (3,417)     
Tax benefit not recognized   17,972    13,851 
Income tax expense (recovery) and income tax liability (asset)  $-   $- 

 

As at December 31, 2018 the tax effect of the temporary timing differences that give rise to significant components of deferred income tax asset are noted below. A valuation allowance has been recorded as management believes it is more likely than not that the deferred income tax asset will not be realized.

 

   December 31, 2018   December 31, 2017 
Tax loss carried forward  $395,697   $41,791 
           
Deferred tax assets  $106,838   $88,866 
valuation allowance   (106,838)   (88,866)
Deferred taxes recognized  $-   $- 

 

The tax losses will expire between 2028 and 2039.

 

Note 9 Subsequent events

 

On February 26, 2019 the Company completed a private placement of 400,000 at $0.05 per share for gross proceeds of $20,000. At the date of this report, the shares have not been issued.

 

On March 13, 2019, the Company completed a private placement of 600,000 at $0.05 per share for gross proceeds of $30,000. At the date of this report, the shares have not been issued.

 

Madison Technologies Inc.Form 10-K - 2018Page 29
 

 

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.

 

There are no changes in and disagreements with Madison’s accountants on accounting and financial disclosure. Madison’s Independent Registered Public Accounting Firm since January 31, 2009 has been K. R. Margetson Ltd, Chartered Professional Accountant, 210, 905 West Pender Street, Vancouver, BC V6C 1L6, Canada.

 

Item 9A. Controls and Procedures.

 

Disclosure Controls and Procedures

 

In connection with the preparation of this annual report on Form 10-K, an evaluation was carried out by Madison’s management, with the participation of the Chief Executive Officer and the Chief Financial Officer, of the effectiveness of Madison’s disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934 (“Exchange Act”)) as of December 31, 2018. Disclosure controls and procedures are designed to ensure that information required to be disclosed in reports filed or submitted under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in the SEC rules and forms and that such information is accumulated and communicated to management, including the Chief Executive Officer and the Chief Financial Officer, to allow timely decisions regarding required disclosures.

 

Based on that evaluation, Madison’s management concluded, as of the end of the period covered by this report, that Madison’s disclosure controls and procedures were not effective in recording, processing, summarizing, and reporting information required to be disclosed, within the time periods specified in the SEC rules and forms and that such information was accumulated or communicated to management to allow timely decisions regarding required disclosure. In particular, Madison has identified material weaknesses in internal control over financial reporting, as discussed below.

 

Management’s Report on Internal Controls over Financial Reporting

 

Management is responsible for establishing and maintaining adequate internal control over financial reporting, as required by Sarbanes-Oxley (SOX) Section 404 A. Madison’s internal control over financial reporting is a process designed under the supervision of Madison’s Chief Executive Officer and Chief Financial Officer to provide reasonable assurance regarding the reliability of financial reporting and the preparation of Madison’s financial statements for external purposes in accordance with U.S. generally accepted accounting principles. Internal control over financial reporting includes those policies and procedures that:

 

  pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of Madison’s assets;
     
  provide reasonable assurance that transactions are recorded as necessary to permit preparation of the financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures are being made only in accordance with authorizations of management and the Board of Directors; and
     
  provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of Madison’s assets that could have a material effect on the financial statements.

 

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions or that the degree of compliance with the policies or procedures may deteriorate.

 

Management conducted an assessment of the effectiveness of the Company’s internal control over financial reporting as of December 31, 2018, based on criteria established in Internal Control –Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”). As a result of this assessment, management identified material weaknesses in internal control over financial reporting.

 

A material weakness is a control deficiency, or a combination of deficiencies, in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of Madison’s annual or interim financial statements will not be prevented or detected on a timely basis.

 

Madison Technologies Inc.Form 10-K - 2018Page 30
 

 

The matters involving internal controls and procedures that management considered to be material weaknesses under the standards of the Public Company Accounting Oversight Board were: (1) lack of a functioning audit committee and lack of a majority of outside directors on Madison’s board of directors, resulting in ineffective oversight in the establishment and monitoring of required internal controls and procedures; (2) inadequate segregation of duties consistent with control objectives; (3) insufficient written policies and procedures for accounting and financial reporting with respect to the requirements and application of US GAAP and SEC disclosure requirements; and (4) ineffective controls over period end financial disclosure and reporting processes. The aforementioned material weaknesses were identified by Madison’s Chief Financial Officer in connection with the audit of its financial statements as of December 31, 2018 and communicated the matters to management.

 

As a result of the material weakness in internal control over financial reporting described above, management has concluded that, as of December 31, 2018, Madison’s internal control over financial reporting was not effective based on the criteria in Internal Control – Integrated Framework issued by COSO.

 

Management believes that the material weaknesses set forth in items (2), (3) and (4) above did not have an effect on Madison’s financial results. However, management believes that the lack of a functioning audit committee and lack of a majority of outside directors on Madison’s board of directors caused and continues to cause an ineffective oversight in the establishment and monitoring of the required internal controls over financial reporting.

 

Madison is committed to improving its financial organization. As part of this commitment and when funds are available, Madison will create a position to Madison to segregate duties consistent with control objectives and will increase its personnel resources and technical accounting expertise within the accounting function by: (i) appointing one or more outside directors to its board of directors who will also be appointed to the audit committee of Madison resulting in a fully functioning audit committee who will undertake the oversight in the establishment and monitoring of required internal controls over financial reporting; and (ii) preparing and implementing sufficient written policies and checklists that will set forth procedures for accounting and financial reporting with respect to the requirements and application of US GAAP and SEC disclosure requirements.

 

Management believes that the appointment of one or more outside directors, who will also be appointed to a fully functioning audit committee, will remedy the lack of a functioning audit committee and a lack of a majority of outside directors on Madison’s Board. In addition, management believes that preparing and implementing sufficient written policies and checklists will remedy the following material weaknesses: (i) insufficient written policies and procedures for accounting and financial reporting with respect to the requirements and application of US GAAP and SEC disclosure requirements; and (ii) ineffective controls over period end financial close and reporting processes. Further, management believes that the hiring of additional personnel who have the technical expertise and knowledge will result proper segregation of duties and provide more checks and balances within the department. Additional personnel will also provide the cross training needed to support Madison if personnel turn-over issues within the department occur. This coupled with the appointment of additional outside directors will greatly decrease any control and procedure issues Madison may encounter in the future.

 

Management will continue to monitor and evaluate the effectiveness of Madison’s internal controls over financial reporting on an ongoing basis and are committed to taking further action and implementing additional enhancements or improvements, as necessary and as funds allow.

 

Madison’s independent auditors have not issued an attestation report on management’s assessment of Madison’s internal control over financial reporting. As a result, this annual report does not include an attestation report of Madison’s independent registered public accounting firm regarding internal control over financial reporting. Madison was not required to have, nor has Madison, engaged its independent registered public accounting firm to perform an audit of internal control over financial reporting pursuant to the temporary rules of the Securities and Exchange Commission that permit Madison to provide only management’s report in this annual report.

 

Changes in Internal Controls

 

There were no changes in Madison’s internal controls over financial reporting (as defined in Rule 13a-15(f) of the Exchange Act) during the quarter ended December 31, 2018, that materially affected, or are reasonably likely to materially affect, Madison’s internal control over financial reporting.

 

Madison Technologies Inc.Form 10-K - 2018Page 31
 

 

Item 9B. Other Information

 

As of the date of this report Madison is not current with the required payment schedule per it’s agreement with Tuffy Packs LLC. As a result of the arrears payments, Madison is no longer the exclusive distributor of the Tuffy Packs product line in The UK and Western Europe.

 

PART III

 

Item 10. Directors, Executive Officers, and Corporate Governance.

 

(a) Identify Directors and Executive Officers

 

Each director of Madison holds office until (i) the next annual meeting of the stockholders, (ii) his successor has been elected and qualified, or (iii) the director resigns.

 

Madison’s management team is listed below.

 

Officer’s Name   Madison Technologies Inc.

Joseph Gallo

 

 

Director and President, CEO, CFO, Treasurer,

Corporate Secretary

 

Joseph Gallo Mr. Gallo (60 years old) has been a director and the president of Madison since June 2007 and the CFO, treasurer, and corporate secretary of Madison since September 2011. Mr. Gallo developed his managerial skills while moving up the store managerial ranks with Canada Safeway, Ltd., starting as a clerk in 1977, through service as a Team Leader and becoming an Assistant Store Manager and Store Closer, a position which he held until his resignation in 2006. Since 2006, he has devoted his time to developing his residential construction and rehabilitation business (d/b/a “Solid Construction”) that he founded and has run since 1992. In 1986, Mr. Gallo founded JovicPlasticfacture, to which he assigned the patent for the bicycle brake light that he had invented that incorporated microprocessor technology (“speed indicating light mechanism”). The product was voted the most innovative product of the year by the Vancouver Design Group, was awarded two governmental grants, and the company commercialized the product until 1991. Mr. Gallo’s past experience includes the staking of mineral exploration properties for companies such as US Diamonds Corporation and Atlas Corporation.

 

(b) Identify Significant Employees

 

Madison has no significant employees other than the sole director and officer of Madison.

 

(c) Family Relationships

 

There are no family relationships among the directors, executive officers or persons nominated or chosen by Madison to become directors or executive officers.

 

(d) Involvement in Certain Legal Proceedings

 

  (1) No bankruptcy petition has been filed by or against any business of which any director was a general partner or executive officer either at the time of the bankruptcy or within two years prior to that time.
     
  (2) No director has been convicted in a criminal proceeding and is not subject to a pending criminal proceeding (excluding traffic violations and other minor offences).
     
  (3) No director has been subject to any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting his involvement in any type of business, securities or banking activities.
     
  (4) No director has been found by a court of competent jurisdiction (in a civil action), the Securities Exchange Commission or the Commodity Futures Trading Commission to have violated a federal or state securities or commodities law, that has not been reversed, suspended, or vacated.

 

(e) Compliance with Section 16(a) of the Exchange Act.

 

Section 16(a) of the Security Exchange Act of 1934 requires directors, executive officers and 10% or greater shareholders of Madison to file with the Securities and Exchange Commission initial reports of ownership (Form 3) and reports of changes in ownership of equity securities of the Company (Form 4 and Form 5) and to provide copies of all such Forms as filed to Madison. Based solely on Madison’s review of the copies of these forms received by it or representations from certain reporting persons, management believes that SEC beneficial ownership reporting requirements for fiscal 2018 were met.

 

Madison Technologies Inc.Form 10-K - 2018Page 32
 

 

(f) Nomination Procedure for Directors

 

Madison does not have a standing nominating committee; recommendations for candidates to stand for election as directors are made by the board of directors. Madison has not adopted a policy that permits shareholders to recommend candidates for election as directors or a process for shareholders to send communications to the board of directors.

 

(g) Audit Committee Financial Expert

 

Madison has no financial expert. Management believes the cost related to retaining a financial expert at this time is prohibitive. Madison’s Board of Directors has determined that it does not presently need an audit committee financial expert on the Board of Directors to carry out the duties of the Audit Committee. Madison’s Board of Directors has determined that the cost of hiring a financial expert to act as a director of Madison and to be a member of the Audit Committee or otherwise perform Audit Committee functions outweighs the benefits of having a financial expert on the Audit Committee.

 

(h) Identification of Audit Committee

 

Madison does not have a separately-designated standing audit committee. Rather, Madison’s entire board of directors performs the required functions of an audit committee. Currently, Thomas Brady is the only member of Madison’s audit committee, but he does not meet Madison’s independent requirements for an audit committee member. See “Item 12. (c) Director independence” below for more information on independence.

 

Madison’s audit committee is responsible for: (1) selection and oversight of Madison’s independent accountant; (2) establishing procedures for the receipt, retention and treatment of complaints regarding accounting, internal controls and auditing matters; (3) establishing procedures for the confidential, anonymous submission by Madison’s employees of concerns regarding accounting and auditing matters; (4) engaging outside advisors; and, (5) funding for the outside auditor and any outside advisors engaged by the audit committee.

 

As of December 31, 2018, Madison did not have a written audit committee charter or similar document.

 

(i) Code of Ethics

 

Madison has adopted a financial code of ethics that applies to all its executive officers and employees, including its CEO and CFO. See Exhibit 14 – Code of Ethics for more information. Madison undertakes to provide any person with a copy of its financial code of ethics free of charge. Please contact Madison at 206-203-0474 to request a copy of Madison’s financial code of ethics. Management believes Madison’s financial code of ethics is reasonably designed to deter wrongdoing and promote honest and ethical conduct; provide full, fair, accurate, timely and understandable disclosure in public reports; comply with applicable laws; ensure prompt internal reporting of code violations; and provide accountability for adherence to the code.

 

Madison Technologies Inc.Form 10-K - 2018Page 33
 

 

Item 11. Executive Compensation.

 

Madison has paid no compensation to its named executive officers during its fiscal year ended December 31, 2016.

 

summary compensation table

 

Name and principal position
(a)
   Year
(b)
   Salary
($)
(c)
  Bonus
($)
(d)
  Stock Awards
($)
(e)
  Option Awards
($)
(f)
  Non-Equity
Incentive Plan
($)
(g)
  Non-qualified Deferred Compensation Earnings
($)
(h)
  All other compensation
($)
(i)
  Total
($)
(j)
                                                                                
Joseph Gallo   2018   nil  nil  nil  nil  nil  nil  nil  nil
President   2017   nil  nil  nil  nil  nil  nil  nil  nil
Mar 2018 – present   2016   nil  nil  nil  nil  nil  nil  nil  nil
President                             
June 2007 – Sep 2014                             
Secretary/Treasurer                             
Sep 2011 – Sep 2014                             
President                             
Jan 2015 – Sep 2016                             
Secretary/Treasurer                             
Jan 2015 – Sep 2016                             
                              
Thomas Brady   2018   nil  nil  nil  nil  nil  nil  nil  nil
President   2017   n/a  n/a  n/a  n/a  n/a  n/a  n/a  n/a
Sep 2016 – Mar 2018   2016   n/a  n/a  n/a  n/a  n/a  n/a  n/a  n/a

 

Since Madison’s inception, no stock options, stock appreciation rights, or long-term incentive plans have been granted, exercised or repriced.

 

Currently, there are no arrangements between Madison and any of its directors whereby such directors are compensated for any services provided as directors.

 

There are no employment agreements between Madison and any named executive officer, and there are no employment agreements or other compensating plans or arrangements with regard to any named executive officer which provide for specific compensation in the event of resignation, retirement, other termination of employment or from a change of control of Madison or from a change in a named executive officer’s responsibilities following a change in control.

 

Madison Technologies Inc.Form 10-K - 2018Page 34
 

 

Item 12. Security Ownership of Certain Beneficial Holders and Management and Related Stockholder Matters.

 

(a) Security Ownership of Certain Beneficial Owners (more than 5%)

 

(1)

Title of Class

 

(2)

Name and Address of
Beneficial Owner

 

(3)
Amount and Nature of
Beneficial Owner [1]

   (4)
Percent of
Class [2]
 
   Joseph Gallo          
   4448 Patterdale Street          
   North Vancouver,          
   British Columbia          
Common Stock  V7R 4L8 Canada   6,177,000    36.8%

 

[1] The listed beneficial owner has no right to acquire any shares within 60 days of the date of this Form 10-K from options, warrants, rights, conversion privileges or similar obligations excepted as otherwise noted.
   
[2] Based on 16,757,565 shares of Common Stock issued and outstanding as of March 30, 2019.

 

(b) Security Ownership of Management

 

(1)
Title of Class
  (2)
Name and Address of
Beneficial Owner
  (3)
Amount and Nature of
Beneficial Owner
  

(4)
Percent of
Class [1]

 
   Joseph Gallo          
   4448 Patterdale Street          
   North Vancouver,          
   British Columbia          
Common Stock  V7R 4L8 Canada   6,177,000    36.8%
              
   Directors and          
Common Stock  Executive Officers (as a group)   6,177,000    36.8%

 

[1] Based on 16,757,565 shares of Common Stock issued and outstanding as of March 30, 2019.

 

(c) Changes in Control

 

Management is not aware of any arrangement that may result in a change in control of Madison, with the exception that on July 3, 2018, Joseph Gallo and the estate of Thomas Brady entered into a share purchase agreement for the purchase and sale of 3,088,500 shares in the capital of Madison for the purchase price of $3,000.00. For more details, see Exhibit 10.1 – Share Purchase Agreement.

 

As a result of the purchase and sale of the 3,088,500 shares, there was a change in control in the voting shares of Madison. Joseph Gallo is now the beneficial owner of 36.8% of the issued and outstanding shares of common stock in the capital of Madison and Mr. Brady owns no shares of common stock in the capital of Madison.

 

Madison Technologies Inc.Form 10-K - 2018Page 35
 

 

Prior to the purchase and sale of shares, no shareholder beneficially owned 5% or more of the issued and outstanding shares of common stock, with the exception of Mr. Brady, who owned 18.4% of the issued and outstanding shares of common stock in the capital of Madison and Mr. Joseph Gallo, who owned 18.4% of the issued and outstanding shares of common stock in the capital of Madison. For more details, see Exhibit 10.1 – Share Purchase Agreement filed as an Exhibit to Madison’s current report on Form 8-K filed July 9, 2018.

 

As a result of the purchase and sale of the 3,088,500 shares, there was a change in control in the voting shares of Madison. Joseph Gallo, is now the beneficial owner of 36.8% of the issued and outstanding shares of common stock in the capital of Madison.

 

Item 13. Certain Relationships and Related Transactions, and Director Independence.

 

(a) Transactions with Related Persons

 

Since the beginning of Madison’s last fiscal year, no director, executive officer, security holder, or any immediate family of such director, executive officer, or security holder has had any direct or indirect material interest in any transaction or currently proposed transaction, which Madison was or is to be a participant, that exceeded the lesser of (1) $120,000 or (2) one percent of the average of Madison’s total assets at year-end for the last three completed fiscal years.

 

(b) Promoters and control persons

 

From July 2004 until June 2007, Kevin Stunder and Joel Haskins were promoters of Madison’s business. From June 2007 until July 2011, Joseph Gallo and Steven Cozine were promoters of Madison’s business. From July 2011 until September 2014 Joseph Gallo was the promoter of Madison’s business. From September 2014 until November 2014 Brent Inzer was the promoter of Madison’s business. From November 2014 until Jan 2015 Mr. Frank McEnulty was the promoter of Madison’s business. From January 2015 until September 2016 Mr. Joseph Gallo was the promoter of Madison’s business. From September 2016 until March 2018 Mr. Thomas Brady was the promoter of Madison’s business. Since March 3, 2018 until present Joseph Gallo has been the promoter of Madison’s business, none of these promoters have received anything of value from Madison nor is any person entitled to receive anything of value from Madison for services provided as a promoter of the business of Madison.

 

Madison Technologies Inc.Form 10-K - 2018Page 36
 

 

(c) Director independence

 

Madison’s board of directors currently consists of Joseph Gallo. Pursuant to Item 407(a)(1)(ii) of Regulation S-K of the Securities Act, Madison’s board of directors has adopted the definition of “independent director” as set forth in Rule 4200(a)(15) of the NASDAQ Manual. In summary, an “independent director” means a person other than an executive officer or employee of Madison or any other individual having a relationship which, in the opinion of Madison’s board of directors, would interfere with the exercise of independent judgment in carrying out the responsibilities of a director, and includes any director who accepted any compensation from Madison in excess of $200,000 during any period of 12 consecutive months with the three past fiscal years. Also, the ownership of Madison’s stock will not preclude a director from being independent.

 

In applying this definition, Madison’s board of directors has determined that Mr. Gallo does not qualify as an “independent director” pursuant to Rule 4200(a)(15) of the NASDAQ Manual.

 

As of the date of the report, Madison did not maintain a separately designated compensation or nominating committee. Madison has also adopted this definition for the independence of the members of its audit committee. Joseph Gallo serves on Madison’s audit committee. Madison’s board of directors has determined that Mr. Gallo is not “independent” for purposes of Rule 4200(a)(15) of the NASDAQ Manual, applicable to audit, compensation and nominating committee members, and is “independent” for purposes of Section 10A(m)(3) of the Securities Exchange Act.

 

Item 14. Principal Accounting Fees and Services

 

(1) Audit Fees

 

The aggregate fees billed for each of the last two fiscal years for professional services rendered by the principal accountant for Madison’s audit of annual financial statements and for review of financial statements included in Madison’s Form 10-Q’s or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years was:

 

2019 - $8,900 – K. R. Margetson Ltd. – Chartered Professional Accountant

2018 - $8,900 – K. R. Margetson Ltd. – Chartered Professional Accountant

 

(2) Audit-Related Fees

 

The aggregate fees billed in each of the last two fiscal years for assurance and related services by the principal accountants that are reasonably related to the performance of the audit or review of Madison’s financial statements and are not reported in the preceding paragraph:

 

2019 - $nil – K. R. Margetson Ltd. – Chartered Professional Accountant

2018 - $nil – K. R. Margetson Ltd. – Chartered Professional Accountant

 

(3) Tax Fees

 

The aggregate fees billed in each of the last two fiscal years for professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning was:

 

2019 - $nil – K. R. Margetson Ltd. – Chartered Professional Accountant

2018 - $nil – K. R. Margetson Ltd. – Chartered Professional Accountant

 

(4) All Other Fees

 

The aggregate fees billed in each of the last two fiscal years for the products and services provided by the principal accountant, other than the services reported in paragraphs (1), (2), and (3) was:

 

2018 - $nil – K. R. Margetson Ltd. – Chartered Professional Accountant

2017 - $nil – K. R. Margetson Ltd. – Chartered Professional Accountant

 

(6) The percentage of hours expended on the principal accountant’s engagement to audit Madison’s financial statements for the most recent fiscal year that were attributed to work performed by persons other than the principal accountant’s full time, permanent employees was nil %.

 

Madison Technologies Inc.Form 10-K - 2018Page 37
 

 

Item 15. Exhibits, Financial Statement Schedules.

 

1. Financial Statements

 

Consolidated financial statements of Madison Technologies Inc. have been included in Item 8 above.

 

2. Financial Statement Schedules

 

All schedules for which provision is made in Regulation S-X are either not required to be included herein under the related instructions or are inapplicable or the related information is included in the footnotes to the applicable financial statement and, therefore, have been omitted from this Item 15.

 

3. Exhibits

 

All Exhibits required to be filed with the Form 10-K are included in this annual report or incorporated by reference to Madison’s previous filings with the SEC, which can be found in their entirety at the SEC website at www.sec.gov under SEC File Number 000-51302.

 

Exhibit   Description   Status
         
3.1   Articles of Incorporation and Certificate of Amendment, filed as an exhibit to Madison’s registration statement on Form 10-SB filed on May 4, 2005, and incorporated herein by reference.   Filed
         
3.2   By-Laws, filed as an exhibit to Madison’s registration statement on Form 10-SB filed on May 4, 2005, and incorporated herein by reference.   Filed
         
3.3   Certificate of Amendment dated March 9, 2015, filed as an Exhibit to Madison’s current report on Form 8-K filed March 11, 2015, and incorporated herein by reference   Filed
         
10.1   Share Purchase Agreement dated July 3, 2018 between Thomas Brady and Joseph Gallo, filed as an Exhibit to Madison’s current report on Form 8-K filed July 9, 2018.   Filed
         
10.5   Product License Agreement dated September 16, 2016 between Tuffy Packs, LLC and Madison Technologies Inc., filed as an exhibit to Madison’s Form 8-K (Current Report) filed on September 19, 2016, and incorporated herein by reference.   Filed
         
14   Code of Ethics, filed as an exhibit to Madison’s 2010 annual report on Form 10-K filed on March 31, 2010, and incorporated herein by reference.   Filed
         
31   Certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.   Included
         
32  

Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

  Included

 

Madison Technologies Inc.Form 10-K - 2018Page 38
 

 

Signatures

 

In accordance with the requirements of the Securities Exchange Act of 1934, Madison Technologies Inc. has caused this report to be signed on its behalf by the undersigned duly authorized person.

 

  Madison Technologies Inc.
     
  By: /s/ Joseph Gallo
  Name: Joseph Gallo
  Title: Director and President
  Dated: April 1, 2019

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the following persons on behalf of Madison Technologies Inc. and in the capacities and on the dates indicated have signed this report below.

 

Signature   Title   Date
   

President, Chief Executive Officer,

Principal Executive Officer, Treasurer,

Corporate Secretary,

Chief Financial Officer,

Principal Financial Officer, and

Principal Accounting Officer

   
         
/s/ Joseph Gallo   Member of the Board of Directors   April 1, 2019
Joseph Gallo        

 

Madison Technologies Inc.Form 10-K - 2018Page 39
 

 

GRAPHIC 2 image_001.jpg begin 644 image_001.jpg M_]C_X 02D9)1@ ! 0$ 8 !@ #_VP!# @&!@<&!0@'!P<)"0@*#!0-# L+ M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7& MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0 'P$ P$! 0$! M 0$! 0 $" P0%!@<("0H+_\0 M1$ @$"! 0#! <%! 0 0)W $" M Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O 58G+1"A8D-.$E\1<8&1HF M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$ MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4 MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H # ,! (1 Q$ /P#W^@D#J:*\ M-^.&IW5GK=A'%);X?\O5U_W^;_ !H ^R]R_P!X?G1N7U'YU\;?\)+?#_E[NO\ O\W^ M-*/$M\?^7N[_ ._[?XT ?9&Y?4?G1N7U'YU\70_[;-_C2'Q'JF,B]N?\ O\W^- 'V M/D>HIOYT ?8M%4])9I M-(LY')+/ C$GW45E $0B'J/RIXA':M/1K :C MK-E9E<^?,(PN<;CV&>W6N_C^%VJ 9GT>.-Q]Y1>=!VZGTH \O$8Q3UC&?K7I M%Y\/VL%C:[LHX0[!5+7?7\JN)\,+TKN72^":#HCW]YIWV9?.5(V6?S-P/KS7&@"F!!LP*:P]JF;VJ)^E $) QTJ:Q'^DK M]:B-2V?%R*0'V9HW_(%L?^N"?^@BKU4=&_Y MC_UP3_T$5>H **** "O OCV M?^)]8?\ 7K_[,:]]KP'X^?\ (=L/^O7_ -F- 'BP7FID&#TIH'S'ZU*M- 2+ M3Q30*>!0!L>%25\6Z05)!^UQ\@@=Q7TY-I]AJ,TA>"7.1N;=@''T/M7S'X7R M/%6D\X7[5'GC_:%?3$CE99E2>1"20 " /Y46!#-2\(:9JD"036^(T8,-N>Q^ MM6(_#M@'9C#(JD8 #L/ZU-!=Q@A)6!('7J35A'AE7 _'S_D.V'_7J?_0C7OU> _'S_D.V'_7J?_0C0!XX.I^M M2+40^\?K4JC@4T ]>M/!/K30,4\#BF!K^&5;_A*=*\L#S#&>$!GQGHH)^]>1#Z?-7T1/8#S969B06)RRMD_K6< MD^ATT*D8KWDC(CN=5<'S8K<8/\$Q_P *B:ZUQ9LI:VC%3P1.01_X[6XMDJPY M2=5]5G2JE)=$>??$FXU:\\("74(HDB6X4(R-G)_(5XZ> MF<8KW3XK6_D> HR9"2;Q.,<=#7A)/0$UI!6.<YW0Q\8S4+'!ZU(U1-3,QI M.:FLO]<#[U6)JQ8']Y^-(#[0T7G0[#_K@G_H(J]5#1?^0'8?]>Z?^@BK] !1 M110 5X%\>_\ D.6'_7J?_0C7OM>!_'S_ )#5@?\ IU/_ *$: /&@/O'WJ5.E M1*?O?6I5Z4P)1TIZCM3 13\CJ*&!M^$1CQEHN?\ G\CQDX ((.:^F;G4)_LE MP\3P2R",E$+C#&OE&UN6M;J.Y15+1G< V>3_XJA > M\/JVME#LM[?>>2OFCKCI5W1-4U9Y[87L-L@X P+2 \Y^\_P#\52#0]<^,%X\_@=0[+E;Q,@'V.#P:\#(QQ6C= M:JT]M+ +9(Q*P9RK,>_N366[@$CWIW 1L8J!S3W;-0L:0#&/%6M//[S\:I,> MM7--^^3ZI_]"->^5YG\3?A_?^,+^TN+*1 (HS&X<@=\T ?-*\D_6GJQYKU4 M? W7QR&MO^^Q2_\ "C_$'K;_ /?P?XT >6;^>>*=NQTZ5ZE_PI#Q .]O^,@_ MQIP^"?B$?\^O_?8H \L+] 11N.>!Q7JG_"E/$/I:G_@8H_X4KXA]+7_OL4 > M6[R*1FS7J7_"E?$7I:_]]C_&C_A2_B/^[:?]]C_&@#RK-1D_YQ7K/_"E_$9' MW;3_ +['^--_X4KXD_NV?_?8_P : /)&.343'%>O_P#"D_$9ZK:?]]C_ !I& M^"/B(]K7_OX/\: /'"1S5S3L[F/;%>JCX'^(\?=M/^^Q_C3X/@EXC20 BT"D MC GRAPHIC 3 image_002.jpg begin 644 image_002.jpg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image_003.jpg begin 644 image_003.jpg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end EX-31 5 ex31.htm

 

Exhibit 31

 

Madison Technologies Inc.
CERTIFICATIONS PURSUANT TO
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

 

CERTIFICATION

 

I, Joseph Gallo, certify that:

 

1. I have reviewed this annual report on Form 10-K for the fiscal year ending December 31, 2018 of Madison Technologies Inc.;

 

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

 

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: April 1, 2019  
   
/s/ Joseph Gallo  

Joseph Gallo

Chief Executive Officer

 

 

   

 

 

 

Madison Technologies Inc.
CERTIFICATIONS PURSUANT TO
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

 

CERTIFICATION

 

I, Joseph Gallo, certify that:

 

1. I have reviewed this annual report on Form 10-K for the fiscal year ending December 31, 2018 of Madison Technologies Inc.;

 

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

 

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: April 1, 2019  
   
/s/ Joseph Gallo  
Joseph Gallo
Chief Financial Officer
 

 

   

 

 

EX-32 6 ex32.htm

 

Exhibit 32

 

CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the Annual Report of Madison Technologies Inc. (the “Company”) on Form 10-K for the period ending December 31, 2018 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Thomas Brady, President and Chief Executive Officer of the Company and a member of the Board of Directors, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

 

  (1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
     
  (2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

 

/s/ Joseph Gallo  

Joseph Gallo

Chief Executive Officer
April 1, 2019

 

 

   

 

 

CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the Annual Report of Madison Technologies Inc. (the “Company”) on Form 10-K for the period ending December 31, 2018 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Thomas Brady, Treasurer and Chief Financial Officer of the Company and a member of the Board of Directors, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

 

  (1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
     
  (2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

 

/s/ Joseph Gallo  
Joseph Gallo
Chief Financial Officer
April 1, 2019
 

 

   

 

 

EX-101.INS 7 mdex-20181231.xml XBRL INSTANCE FILE 0001318268 2016-12-31 0001318268 2018-01-01 2018-12-31 0001318268 2017-12-31 0001318268 us-gaap:CommonStockMember 2016-12-31 0001318268 us-gaap:AdditionalPaidInCapitalMember 2016-12-31 0001318268 us-gaap:RetainedEarningsMember 2016-12-31 0001318268 MDEX:ConvertibleNotePayableConvertibleOnBasisOfDollarZeroPointZeroFiveOfDebtToOneCommonShareMember 2018-12-31 0001318268 MDEX:ConvertibleNotePayableConvertibleOnBasisOfDollarZeroPointZeroFourOfDebtToOneCommonShareMember 2018-12-31 0001318268 us-gaap:CommonStockMember 2017-01-01 2017-12-31 0001318268 us-gaap:CommonStockMember 2017-12-31 0001318268 us-gaap:AdditionalPaidInCapitalMember 2017-01-01 2017-12-31 0001318268 us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0001318268 us-gaap:RetainedEarningsMember 2017-01-01 2017-12-31 0001318268 us-gaap:RetainedEarningsMember 2017-12-31 0001318268 MDEX:ConvertibleDebtOneMember 2017-12-31 0001318268 MDEX:ConvertibleDebtTwoMember 2017-12-31 0001318268 MDEX:ConvertibleNotePayableConvertibleOnBasisOfDollarZeroPointZeroZeroFiveOfDebtToOneCommonShareMember 2018-12-31 0001318268 MDEX:ConvertibleNotePayableConvertibleOnBasisOfDollarZeroPointZeroOneOfDebtToOneCommonShareMember 2018-12-31 0001318268 2015-01-20 2015-01-21 0001318268 MDEX:LicenseAgreementMember 2016-09-15 2016-09-16 0001318268 MDEX:LicenseAgreementMember 2018-01-01 2018-12-31 0001318268 MDEX:LicenseAgreementMember MDEX:AdditionalPaymentMember 2018-01-01 2018-12-31 0001318268 MDEX:LicenseAgreementMember MDEX:FinalPaymentMember 2018-01-01 2018-12-31 0001318268 MDEX:LicensorMember 2018-01-01 2018-12-31 0001318268 MDEX:LicensorMember 2018-12-31 0001318268 MDEX:NotesPayableAtEightPercentInterestRateMember 2017-01-01 2017-12-31 0001318268 MDEX:NotesPayableAtEightPercentInterestRateMember 2018-12-31 0001318268 MDEX:NotesPayableAtEightPercentInterestRateMember 2017-12-31 0001318268 MDEX:NotesPayableAtFivePercentInterestRateMember 2017-01-01 2017-12-31 0001318268 MDEX:NotesPayableAtFivePercentInterestRateMember 2017-12-31 0001318268 MDEX:NotesPayableAtFivePercentInterestRateMember 2018-12-31 0001318268 MDEX:NotesPayableAtTwelvePercentInterestRateMember 2017-01-01 2017-12-31 0001318268 MDEX:NotesPayableAtTwelvePercentInterestRateMember 2017-12-31 0001318268 MDEX:NotesPayableAtTwelvePercentInterestRateMember 2018-12-31 0001318268 MDEX:ConvertibleNotePayableConvertibleOnBasisOfDollarZeroPointZeroOneOfDebtToOneCommonShareMember 2017-12-31 0001318268 MDEX:ConvertibleNotePayableConvertibleOnBasisOfDollarZeroPointZeroZeroFiveOfDebtToOneCommonShareMember 2017-12-31 0001318268 MDEX:ConvertibleNotePayableConvertibleOnBasisOfDollarZeroPointZeroOneFiveOfDebtToOneCommonShareMember 2017-12-31 0001318268 MDEX:ConvertibleNotePayableConvertibleOnBasisOfDollarZeroPointZeroFiveOfDebtToOneCommonShareMember 2017-12-31 0001318268 MDEX:ConvertibleNotePayableConvertibleOnBasisOfDollarZeroPointZeroFourOfDebtToOneCommonShareMember 2017-12-31 0001318268 us-gaap:PresidentMember 2008-12-31 0001318268 MDEX:ConvertibleNotesPayableOneMember 2017-07-13 2017-07-14 0001318268 MDEX:ConvertibleNotesPayableOneMember 2017-07-14 0001318268 MDEX:ConvertibleNotesPayableTwoMember 2017-07-13 2017-07-14 0001318268 MDEX:ConvertibleNotesPayableTwoMember 2017-07-14 0001318268 2006-03-28 2006-03-30 0001318268 2006-03-30 0001318268 2004-06-05 2004-06-07 0001318268 2004-06-07 0001318268 2001-06-12 2001-06-14 0001318268 1998-06-13 1998-06-15 0001318268 1998-06-15 0001318268 MDEX:NotesPayableAtEightPercentInterestRateMember 2018-01-01 2018-12-31 0001318268 MDEX:NotesPayableAtFivePercentInterestRateMember 2018-01-01 2018-12-31 0001318268 MDEX:NotesPayableAtTwelvePercentInterestRateMember 2018-01-01 2018-12-31 0001318268 MDEX:SharesSubscribedMember 2017-01-01 2017-12-31 0001318268 MDEX:SharesSubscribedMember 2016-12-31 0001318268 MDEX:SharesSubscribedMember 2017-12-31 0001318268 us-gaap:CommonStockMember 2018-01-01 2018-12-31 0001318268 us-gaap:CommonStockMember 2018-12-31 0001318268 us-gaap:AdditionalPaidInCapitalMember 2018-01-01 2018-12-31 0001318268 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0001318268 MDEX:SharesSubscribedMember 2018-01-01 2018-12-31 0001318268 MDEX:SharesSubscribedMember 2018-12-31 0001318268 us-gaap:RetainedEarningsMember 2018-01-01 2018-12-31 0001318268 us-gaap:RetainedEarningsMember 2018-12-31 0001318268 MDEX:ConvertibleDebtOneMember 2018-12-31 0001318268 MDEX:ConvertibleDebtTwoMember 2018-12-31 0001318268 2017-01-01 2017-12-31 0001318268 MDEX:ConvertibleNotePayableConvertibleOnBasisOfDollarZeroPointZeroOneFiveOfDebtToOneCommonShareMember 2018-12-31 0001318268 us-gaap:PrivatePlacementMember 2018-03-01 2018-03-02 0001318268 us-gaap:PrivatePlacementMember 2018-03-02 0001318268 us-gaap:PrivatePlacementMember 2018-02-15 2018-02-16 0001318268 us-gaap:PrivatePlacementMember 2018-02-16 0001318268 MDEX:ConvertibleNotesPayableOneMember 2018-01-24 2018-01-25 0001318268 MDEX:ConvertibleNotesPayableOneMember 2018-01-25 0001318268 MDEX:ConvertibleNotesPayableTwoMember 2018-01-25 0001318268 MDEX:ConvertibleNotesPayableTwoMember 2018-01-24 2018-01-25 0001318268 2018-12-31 0001318268 2018-06-30 0001318268 2019-03-30 0001318268 2018-01-01 2018-03-31 0001318268 MDEX:RelatedPartyConvertibleNotePayableConvertibleOnBasisOfDollarZeroPointZeroFiveOfDebtToOneCommonShareMember 2018-12-31 0001318268 MDEX:RelatedPartyConvertibleNotePayableConvertibleOnBasisOfDollarZeroPointZeroFiveOfDebtToOneCommonShareMember 2017-12-31 0001318268 us-gaap:PresidentMember 2018-10-23 0001318268 us-gaap:PresidentMember MDEX:CanadianCurrencyMember 2018-10-23 0001318268 us-gaap:SubsequentEventMember 2019-02-25 2019-02-26 0001318268 us-gaap:SubsequentEventMember 2019-02-26 0001318268 us-gaap:SubsequentEventMember 2019-03-12 2019-03-13 0001318268 us-gaap:SubsequentEventMember 2019-03-13 0001318268 srt:MinimumMember 2015-01-21 0001318268 srt:MaximumMember 2015-01-21 iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure MDEX:Notes iso4217:CAD 0.001 0.001 500000000 500000000 12257565 16757565 113020000 11302000 12257565 16757565 113020000 11302000 -53906 -53273 -53906 -53273 Madison Technologies Inc. 10-K 2018-12-31 false --12-31 Non-accelerated Filer -368935 -377208 11302 44600 -424837 12257 88645 -478110 16757 119145 30000 -532016 -366114 MDEX 33500 33500 33500 16500 17760 50000 25000 2.50 .00008 0.00008 0.10 0.10 0.05 0.05 0.05 0.04 0.05 0.045 0.005 0.01 0.01 0.005 0.015 0.05 0.04 0.045 0.05 0.01 0.005 0.015 0.01 0.005 0.05 0.05 0.05 400 19600 20000 123094 52797 50797 36607 35019 35690 38682 126498 196000 163000 30000 30000 14259 3281 2543 0001318268 11302009 12257565 16757565 Issued and outstanding shares of common stock, on a 10 for 1 basis. P2Y P7D P30D P90D 0.08 0.05 0.12 0.08 0.05 0.12 25000 25000 23809 22059 25000 25000 27797 25797 12798 12960 10690 13682 9 2 2 561 229 300 25000 20000 25000 10000 555556 400000 2500000 2000000 50000 20000 30000 Forward stock split of 5,000:1 6135 6160 3 30000 30000 FY 400000 555 24445 25000 555556 25000 2500 22500 10000 2000 8000 2000000 0.10 5907000 5375000 150000 150000 472 430 15000 15000 2018 2500000 10000 15000 25000 true false false 3000 3281 5543 17760 21041 5543 45394 48169 261 261 398249 371657 88645 119145 30000 -478110 -532016 21041 5543 16449346 11747053 -0.003 -0.005 -47771 -47113 49670 49277 31910 24277 1899 2164 2527 4511 4426 6675 -2731 2252 2775 8883 3000 -32967 -10978 32290 -738 -10978 12257 16757 16757565 No No Yes false 1058056 0.270 0.260 17972 13851 -14555 -13851 41791 395697 88866 106838 88866 106838 490 490 6135 6160 -30000 229 2000 490 <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Note 1 <u>Nature and Continuance of Operations</u></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: -1in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company was incorporated on June 15, 1998 in the State of Nevada, USA and the Company&#8217;s common shares are publicly traded on the OTC Bulletin Board.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On January 21, 2015, a majority of the Company&#8217;s stockholders approved a consolidation of the issued and outstanding shares of common stock, on a 10 for 1 basis, thereby decreasing the issued and outstanding share capital from 113,020,000 to 11,302,000. These financial statements give retroactive effect to this change.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Effective December 31, 2016, the Company dissolved its wholly owned subsidiary, Scout Resources Inc. (&#8220;Scout&#8221;) and assumed all the debt that Scout owed.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Up until fiscal 2014, the Company was in the business of mineral exploration. On May 28, 2014, the Company formalized an agreement whereby it purchased assets associated with a smokeless cannabis delivery system. The Company planned to develop this system for commercial purposes. On December 14, 2014, the smokeless cannabis delivery agreement was terminated.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On September 16, 2016, the Company entered into an exclusive distribution product license agreement with Tuffy Packs, LLC to distribute products into the United Kingdom and 43 other essentially European countries. The Company is selling ballistic panels which are personal body armors, that conforms to the National Institute of Justice (NIJ) Level IIIA threat requirements. The Company&#8217;s plan of operations and sales strategy include online and social media marketing, as well as attending various tradeshows and conferences. As the Company failed to make specified payments as required, the agreement was amended to a non-exclusive basis.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On March 11, 2015, the Company changed its name from Madison Explorations, Inc. to Madison Technologies Inc. and effected the stock consolidation.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">These financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which assumes that the Company will be able to meet its obligations and continue its operations for its next twelve months. Realization values may be substantially different from carrying values as shown and these financial statements do not give effect to adjustments that would be necessary to the carrying values and classification of assets and liabilities should the Company be unable to continue as a going concern. At December 31, 2018, the Company had not yet achieved profitable operations, has accumulated losses of $532,016 since its inception and expects to incur further losses in the development of its business, all of which casts substantial doubt about the Company&#8217;s ability to continue as a going concern. The Company&#8217;s ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management has no formal plan in place to address this concern but considers that the Company will be able to obtain additional funds by equity financing and/or related party advances. That said, there is no assurance of additional funding being available.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Note 2 <u>Summary of Significant Accounting Policies</u></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">a) Year end</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company has elected a December 31st fiscal year end.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">b) Cash and cash equivalents</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. As at December 31, 2018, the Company did not have any cash equivalents in 2018. (2017 &#8211; $nil).</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">c) Revenue Recognition</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company recognizes revenue when a contract is in place, goods or services are delivered to the purchaser and collectability is reasonably assured.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">d) Stock-Based Compensation</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company follows the guideline under FASB ASC Topic <font style="color: #1A1A1A">718 &#8220;<i>Compensation-Stock Compensation</i>&#8221; </font>for all stock-based compensation plans, including employee stock options, restricted stock, employee stock purchase plans and stock appreciation rights. Stock compensation expenses are to be recorded using the fair value method. No stock options have been issued.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify"><b>&#160;</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">e) Basic and Diluted Net Income (Loss) per Share</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company reports basic loss per share in accordance FASB ASC Topic 260, &#8220;<i>Earnings per share</i>&#8221;. Basic net income (loss) per share is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share on the potential exercise of the equity-based financial instruments is not presented where anti-dilutive.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">f) Comprehensive Income</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">In accordance with FASB ASC Topic 220 &#8220;<i>Comprehensive Income</i>,&#8221; comprehensive income consists of net income and other gains and losses affecting stockholder&#8217;s equity that are excluded from net income, such as unrealized gains and losses on investments available for sale, foreign currency translation gains and losses and minimum pension liability.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">g) Use of Estimates</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying disclosures. Although these estimates are based on management&#8217;s best knowledge of current events and actions the Company may undertake in the future, actual results may ultimately differ from the estimates. Management believes such estimates to be reasonable.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">h) Fair Value Measurements</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company follows FASB ASC Topic 820, &#8220;<i>Fair Value Measurements and Disclosures&#8221;</i>, for all financial instruments and non-financial instruments accounted for at fair value on a recurring basis. This accounting standard establishes a single definition of fair value and a framework for measuring fair value, sets out a fair value hierarchy to be used to classify the source of information used in fair value measurement and expands disclosures about fair value measurements required under other accounting pronouncements. It does not change existing guidance as to whether or not an instrument is carried at fair value. The Company defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities, which are required to be recorded at fair value, the Company considers the principal or most advantageous market in which the Company would transact and the market-based risk measurements or assumptions that market participants would use in pricing the asset or liability, such as inherent risk, transfer restrictions and credit risk. The Company has adopted FASB ASC 825, &#8220;<i>Financial Instruments&#8221;, </i>which allows companies to choose to measure eligible financial instruments and certain other items at fair value that are not required to be measured at fair value. The Company has not elected the fair value option for any eligible financial instruments.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">i) Financial Instruments and correction of error in previously issued financial statements</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Fair Value</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify"><b>&#160;</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company&#8217;s financial instruments consisting of cash, account payable and accrued liabilities, notes payable and accrued interest and related party advances are carried at face which approximates fair value because of their short-term nature.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">During the year ended 2017, the Company changed the accounting policy by which it accounts for its convertible debt. Previously, the Company based its policy on the fact that the promissory notes have been issued without an interest component and, assuming the reason for investing is the pursuit of profit, the total value of these instruments had been allocated to the equity component as this is the only logical reason for investment. Promissory note issuances were included in additional paid-in capital and were amortized and charged to interest on an effective interest rate basis.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify; text-indent: -0.55pt">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">During the year, the Company corrected this policy and adopted FASB ASC Topic 470, &#8220;<i>Debt with Conversions and Other Options,</i>&#8221; which requires that convertible debt with no beneficial conversion feature be allocated in totality to debt and that no amount be allocated to equity. This change has been applied retroactively to the financial statements and the effect on the financial statements is described in Note 8. None of the Company&#8217;s convertible notes had a beneficial conversion feature.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><u>Risks:</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Financial instruments that potentially subject the Company to credit risk consist principally of cash. Management does not believe the Company is exposed to significant credit risk.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0.25in 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Management, as well, does not believe the Company is exposed to significant interest rate risks during the period resented in these financial statements.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0.25in 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The accompanying financial statements do not include any adjustments that might result from the eventual outcome of the risks and uncertainties described above.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in">j) Income Taxes</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company accounts for income taxes under an asset and liability approach that requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in the Company&#8217;s financial statements or tax returns. In estimating future tax consequences, all expected future events other than enactment of changes in the tax laws or rates are considered.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Due to the uncertainty regarding the Company&#8217;s future profitability, the future tax benefits of its losses have been fully reserved.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">k) Impairment of Long-Lived Assets</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Impairment losses on long-lived assets, such as mining claims, are recognized when events or changes in circumstances indicate that the undiscounted cash flows estimated to be generated by such assets are less than their carrying value and, accordingly, all or a portion of such carrying value may not be recoverable. Impairment losses are then measured by comparing the fair value of assets to their carrying amounts.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">l) Foreign Currency Translation and Transactions</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company&#8217;s functional currency is US dollars. Foreign currency balances are translated into US dollars as follows:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Monetary assets and liabilities are translated at the period-end exchange rate. Non-monetary assets are translated at the rate of exchange in effect at their acquisition, unless such assets are carried at market or nominal value, in which case they are translated at the period-end exchange rate. Revenue and expense items are translated at the average exchange rate for the period. Foreign exchange gains and losses in the period are included in operations.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The functional currency of the now dissolved wholly owned subsidiary was Canadian dollars. The assets and liabilities arising from these operations were translated at current exchange rates and related revenues and expenses at the exchange rates in effect at the time the revenue or expense was incurred. Resulting translation adjustments, if material, were accumulated as a separate component of accumulated other comprehensive income in the statement of stockholders&#8217; deficit.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">m) Intangible Assets</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Intangible assets are non-monetary identifiable assets, controlled by the Company that will produce future economic benefits, based on reasonable and supportable assumptions about conditions that will exist over the life of the asset. An intangible asset that does not meet these attributes will be recognized as an expense when it is incurred. Intangible assets that do, are capitalized and initially measured at cost. Those with a determinable life will be amortized on a systematic basis over their future economic life. Those with an indefinite useful life shall not be amortized until its useful life is determined to be longer indefinite. An intangible assets subject to amortization shall be periodically reviewed for impairment. A recoverability test will be performed and, if applicable, unscheduled amortization is considered.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">A license agreement has been capitalized and recorded at cost. It has been amortized over the life of the contract, which is two years.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">n) Recent Accounting Pronouncements</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 56.7pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company adopts new pronouncements relating to generally accepted accounting principles applicable to the Company as they are issued, which may be in advance of their effective date. Management does not believe that any pronouncement not yet effective but recently issued would, if adopted, have a material effect on the accompanying financial statements.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Note 3 <u>License Agreement</u></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company entered into an exclusive product license agreement on September 16, 2016 with Tuffy Packs, LLC, a Texas corporation, to sell Ballistic Panels in certain countries, essentially in Europe. The license is for a period of two years unless terminated and may be renewed for successive terms of two years each. The payment terms for the license is as follows:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 48px; text-align: justify; line-height: 107%">&#160;</td> <td style="width: 48px; text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">1.</font></td> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$10,000 payable within seven days after the effective date;</font></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify; line-height: 107%">&#160;</td> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">2.</font></td> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">An additional $15,000 payable within 30 days after the effective date; and</font></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify; line-height: 107%">&#160;</td> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">3.</font></td> <td style="text-align: justify; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">A final payment of $25,000 payable within 90 days of the effective date.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">At December 31, 2018, the Company had paid $16,500 to the Licensor, leaving an unpaid balance of $33,500. To date, the Company has recorded a total license amortization of $50,000.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">As a result of the failure to make payments as required under the agreement, the Company was informed on March 20, 2017, that going forward, the agreement would be on a non-exclusive basis.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>Note 4 <u>Demand Notes and Accrued Interest Payable</u></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: -7.65pt">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company has three notes payable. Each note is unsecured and payable on demand.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>December 31, 2018</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>December 31, 2017</b></font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 54%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Note payable bearing interest at 8%</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 20%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">25,000</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 20%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">25,000</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Accrued interest there on</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">27,797</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">25,797</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">52,797</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">50,797</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Note payable bearing interest at 5% </font><br /> <font style="font: 10pt Times New Roman, Times, Serif">(Debt is Canadian $30,000)</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">22,059</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">23,809</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Accrued interest there on</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">12,960</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">12,798</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">35,019</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">36,607</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Note payable bearing at 12%</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">25,000</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">25,000</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Accrued interest there on</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">13,682</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">10,690</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">38,682</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">35,690</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Total debt and interest payable</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">126,498</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">123,094</font></td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Interest accrued for the year ended December 31, 2018 were as follows:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Interest accrued on the note bearing 8% interest was $2,000 (2017 - $2,00).</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Interest accrued on the note bearing 5% interest was $1,143 (2017 - $1,190).</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Interest accrued on the note bearing 12% interest was $2,992 (2017 - $2,992).</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>Note 5 <u>Convertible Notes Payable</u></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>&#160;</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">As at December 31, 2018, there are nine convertible notes payable. Two notes were converted into shares during the year ended December 31, 2017 and two notes were converted into shares during the period ended March 31, 2018. All notes are non-interest bearing, unsecured and payable on demand. The remaining notes are convertible into common stock at the discretion of the holder at five different conversion rates: $0.01 debt to 1 common share, $0.005 to 1 common share; $0.15 to 1 common share; $0.05 to 1 common share; and $0.04 to 1 common share. The effect that conversion would have on earnings per share has not been disclosed due to the anti-dilutive effect. A recap of convertible debt outstanding based on conversion rates is as follow:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>December 31, 2018</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>December 31, 2017</b></font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 54%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible at $0.01 debt to 1 common share</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 20%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">85,000</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 20%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">110,000</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible at $0.005 debt to 1 common share</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">10,000</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">20,000</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible at $0.015 debt to 1 common share</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">25,000</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">25,000</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible at $0.05 debt to 1 common share</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">23,490</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">21,000</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible at $0.04 debt to 1 common share</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">20,000</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">20,000</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">163,490</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">196,000</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Less related party convertible debt at $0.05 debt to 1 common share (Note 6)</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(490</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Total convertible debt to third parties</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">163,000</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">196,000</font></td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><b>Note 6 <u>Related Party Advance</u></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-indent: -0.75in"><b>&#160;</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">In 2008, the President advanced the Company $561 repayable without interest or any other terms. The unpaid balance as at October 23, 2018 was $261. The President advanced a further $229 (CAD $300) to cover out of pocket expenditures. On October 23, 2018, the Company entered into a convertible note payable with the President by combining the two advances to the aggregate amount of $490. The note payable is due on demand and may be convertible to common stock of the Company at $0.05 per share. There were no other related party transactions during the period ended December 31, 2018 or the year ended December 31, 2017.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Note 7 <u>Common Stock</u></b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On March 2, 2018, the Company completed a private placement of 150,000 shares of common stock at a per share price of $0.10 for gross proceeds of $15,000. As of the date of this report, the shares have not been issued.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On February 16, 2018, the Company completed a private placement of 150,000 shares of common stock at a per share price of $0.10 for gross proceeds of $15,000. As of the date of this report, the shares have not been issued.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On January 25, 2018, two convertible notes were converted into shares. One note for $25,000 was converted into 2,500,000 shares at $0.01 per share and the other note for $10,000 was converted into 2,000,000 shares at $0.005 per share.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On July 14, 2017, two convertible notes were converted into shares. One note for $25,000 was converted into 555,556 shares at $0.045 per share and the other note for $20,000 was converted to 400,000 shares at $0.05 per share.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On January 21, 2015, a majority of the Company&#8217;s stockholders approved a consolidation of the issued and outstanding shares of common stock, on a 10 for 1 basis, thereby decreasing the issued and outstanding share capital from 113,020,000 to 11,302,009. This was effected on March 11, 2015. This consolidation has been applied retroactively and all references to the number of shares issued reflect this consolidation.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On March 30, 2006, the Company entered into a private placement agreement whereby the Company issued 20,000 Regulation-S shares in exchange for $50,000. ($2.50 per share).</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On June 7, 2004, the Company issued 5,907,000 in consideration of $472 in cash. ($.00008 per share.)</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On June 14, 2001, the Company approved a forward stock split of 5,000:1.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On June 15, 1998, the Company authorized and issued 5,375,000 shares of its common stock in consideration of $430 in cash. ($.00008 per share.)</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">There are no shares subject to warrants or options as of December 31, 2018.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Note 8 Income Taxes</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>&#160;</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Income tax recovery differs from that which would be expected from applying the effective tax rates to the net income (loss) as follows:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>December 31, 2018</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>December 31, 2017</b></font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 54%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Net income (loss) for the year &#8211; as restated</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 20%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(53,906</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 20%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(53,273</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Statutory and effective tax rates</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">27.0</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">26.0</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Income taxes expenses (recovery) at the effective rate</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(14,555</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(13,851</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Effect of change in tax rates</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(3,417</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Tax benefit not recognized</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">17,972</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">13,851</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Income tax expense (recovery) and income tax liability (asset)</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">As at December 31, 2018 the tax effect of the temporary timing differences that give rise to significant components of deferred income tax asset are noted below. A valuation allowance has been recorded as management believes it is more likely than not that the deferred income tax asset will not be realized.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>December 31, 2018</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>December 31, 2017</b></font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 54%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Tax loss carried forward</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; border-bottom: black 1.5pt solid; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 20%; border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">395,697</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; border-bottom: black 1.5pt solid; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 20%; border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">41,791</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Deferred tax assets</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">106,838</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">88,866</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">valuation allowance</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(106,838</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(88,866</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Deferred taxes recognized</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The tax losses will expire between 2028 and 2039.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Note 9 Subsequent events</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify"><b>&#160;</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On February 26, 2019 the Company completed a private placement of 400,000 at $0.05 per share for gross proceeds of $20,000. At the date of this report, the shares have not been issued.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On March 13, 2019, the Company completed a private placement of 600,000 at $0.05 per share for gross proceeds of $30,000. At the date of this report, the shares have not been issued.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">a) Year end</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company has elected a December 31st fiscal year end.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">b) Cash and cash equivalents</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. As at December 31, 2018, the Company did not have any cash equivalents in 2018. (2017 &#8211; $nil).</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">c) Revenue Recognition</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company recognizes revenue when a contract is in place, goods or services are delivered to the purchaser and collectability is reasonably assured.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">d) Stock-Based Compensation</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company follows the guideline under FASB ASC Topic <font style="color: #1A1A1A">718 &#8220;<i>Compensation-Stock Compensation</i>&#8221; </font>for all stock-based compensation plans, including employee stock options, restricted stock, employee stock purchase plans and stock appreciation rights. Stock compensation expenses are to be recorded using the fair value method. No stock options have been issued.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">e) Basic and Diluted Net Income (Loss) per Share</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company reports basic loss per share in accordance FASB ASC Topic 260, &#8220;<i>Earnings per share</i>&#8221;. Basic net income (loss) per share is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share on the potential exercise of the equity-based financial instruments is not presented where anti-dilutive.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">f) Comprehensive Income</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">In accordance with FASB ASC Topic 220 &#8220;<i>Comprehensive Income</i>,&#8221; comprehensive income consists of net income and other gains and losses affecting stockholder&#8217;s equity that are excluded from net income, such as unrealized gains and losses on investments available for sale, foreign currency translation gains and losses and minimum pension liability.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">g) Use of Estimates</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying disclosures. Although these estimates are based on management&#8217;s best knowledge of current events and actions the Company may undertake in the future, actual results may ultimately differ from the estimates. Management believes such estimates to be reasonable.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">h) Fair Value Measurements</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company follows FASB ASC Topic 820, &#8220;<i>Fair Value Measurements and Disclosures&#8221;</i>, for all financial instruments and non-financial instruments accounted for at fair value on a recurring basis. This accounting standard establishes a single definition of fair value and a framework for measuring fair value, sets out a fair value hierarchy to be used to classify the source of information used in fair value measurement and expands disclosures about fair value measurements required under other accounting pronouncements. It does not change existing guidance as to whether or not an instrument is carried at fair value. The Company defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities, which are required to be recorded at fair value, the Company considers the principal or most advantageous market in which the Company would transact and the market-based risk measurements or assumptions that market participants would use in pricing the asset or liability, such as inherent risk, transfer restrictions and credit risk. The Company has adopted FASB ASC 825, &#8220;<i>Financial Instruments&#8221;, </i>which allows companies to choose to measure eligible financial instruments and certain other items at fair value that are not required to be measured at fair value. The Company has not elected the fair value option for any eligible financial instruments.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">i) Financial Instruments and correction of error in previously issued financial statements</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Fair Value</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify"><b>&#160;</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company&#8217;s financial instruments consisting of cash, account payable and accrued liabilities, notes payable and accrued interest and related party advances are carried at face which approximates fair value because of their short-term nature.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">During the year ended 2017, the Company changed the accounting policy by which it accounts for its convertible debt. Previously, the Company based its policy on the fact that the promissory notes have been issued without an interest component and, assuming the reason for investing is the pursuit of profit, the total value of these instruments had been allocated to the equity component as this is the only logical reason for investment. Promissory note issuances were included in additional paid-in capital and were amortized and charged to interest on an effective interest rate basis.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify; text-indent: -0.55pt">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">During the year, the Company corrected this policy and adopted FASB ASC Topic 470, &#8220;<i>Debt with Conversions and Other Options,</i>&#8221; which requires that convertible debt with no beneficial conversion feature be allocated in totality to debt and that no amount be allocated to equity. This change has been applied retroactively to the financial statements and the effect on the financial statements is described in Note 8. None of the Company&#8217;s convertible notes had a beneficial conversion feature.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><u>Risks:</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Financial instruments that potentially subject the Company to credit risk consist principally of cash. Management does not believe the Company is exposed to significant credit risk.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0.25in 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Management, as well, does not believe the Company is exposed to significant interest rate risks during the period resented in these financial statements.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0.25in 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The accompanying financial statements do not include any adjustments that might result from the eventual outcome of the risks and uncertainties described above.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in">j) Income Taxes</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company accounts for income taxes under an asset and liability approach that requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in the Company&#8217;s financial statements or tax returns. In estimating future tax consequences, all expected future events other than enactment of changes in the tax laws or rates are considered.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Due to the uncertainty regarding the Company&#8217;s future profitability, the future tax benefits of its losses have been fully reserved.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">k) Impairment of Long-Lived Assets</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Impairment losses on long-lived assets, such as mining claims, are recognized when events or changes in circumstances indicate that the undiscounted cash flows estimated to be generated by such assets are less than their carrying value and, accordingly, all or a portion of such carrying value may not be recoverable. Impairment losses are then measured by comparing the fair value of assets to their carrying amounts.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">l) Foreign Currency Translation and Transactions</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company&#8217;s functional currency is US dollars. Foreign currency balances are translated into US dollars as follows:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Monetary assets and liabilities are translated at the period-end exchange rate. Non-monetary assets are translated at the rate of exchange in effect at their acquisition, unless such assets are carried at market or nominal value, in which case they are translated at the period-end exchange rate. Revenue and expense items are translated at the average exchange rate for the period. Foreign exchange gains and losses in the period are included in operations.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The functional currency of the now dissolved wholly owned subsidiary was Canadian dollars. The assets and liabilities arising from these operations were translated at current exchange rates and related revenues and expenses at the exchange rates in effect at the time the revenue or expense was incurred. Resulting translation adjustments, if material, were accumulated as a separate component of accumulated other comprehensive income in the statement of stockholders&#8217; deficit.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">m) Intangible Assets</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Intangible assets are non-monetary identifiable assets, controlled by the Company that will produce future economic benefits, based on reasonable and supportable assumptions about conditions that will exist over the life of the asset. An intangible asset that does not meet these attributes will be recognized as an expense when it is incurred. Intangible assets that do, are capitalized and initially measured at cost. Those with a determinable life will be amortized on a systematic basis over their future economic life. Those with an indefinite useful life shall not be amortized until its useful life is determined to be longer indefinite. An intangible assets subject to amortization shall be periodically reviewed for impairment. A recoverability test will be performed and, if applicable, unscheduled amortization is considered.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">A license agreement has been capitalized and recorded at cost. It has been amortized over the life of the contract, which is two years.</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">n) Recent Accounting Pronouncements</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 56.7pt; text-align: justify">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company adopts new pronouncements relating to generally accepted accounting principles applicable to the Company as they are issued, which may be in advance of their effective date. Management does not believe that any pronouncement not yet effective but recently issued would, if adopted, have a material effect on the accompanying financial statements.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 28.35pt; text-indent: -28.35pt">&#160;</p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company has three notes payable. Each note is unsecured and payable on demand.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>December 31, 2018</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>December 31, 2017</b></font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 54%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Note payable bearing interest at 8%</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 20%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">25,000</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 20%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">25,000</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Accrued interest there on</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">27,797</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">25,797</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">52,797</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">50,797</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Note payable bearing interest at 5% </font><br /> <font style="font: 10pt Times New Roman, Times, Serif">(Debt is Canadian $30,000)</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">22,059</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">23,809</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Accrued interest there on</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">12,960</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">12,798</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">35,019</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">36,607</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Note payable bearing at 12%</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">25,000</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">25,000</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Accrued interest there on</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">13,682</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">10,690</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">38,682</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">35,690</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Total debt and interest payable</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">126,498</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">123,094</font></td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">A recap of convertible debt outstanding based on conversion rates is as follow:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>December 31, 2018</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>December 31, 2017</b></font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 54%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible at $0.01 debt to 1 common share</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 20%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">85,000</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 20%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">110,000</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible at $0.005 debt to 1 common share</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">10,000</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">20,000</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible at $0.015 debt to 1 common share</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">25,000</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">25,000</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible at $0.05 debt to 1 common share</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">23,490</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">21,000</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Convertible at $0.04 debt to 1 common share</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">20,000</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">20,000</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">163,490</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">196,000</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Less related party convertible debt at $0.05 debt to 1 common share (Note 6)</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(490</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Total convertible debt to third parties</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">163,000</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">196,000</font></td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Income tax recovery differs from that which would be expected from applying the effective tax rates to the net income (loss) as follows:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>December 31, 2018</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>December 31, 2017</b></font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 54%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Net income (loss) for the year &#8211; as restated</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 20%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(53,906</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 20%; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(53,273</font></td> <td style="width: 1%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Statutory and effective tax rates</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">27.0</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">26.0</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Income taxes expenses (recovery) at the effective rate</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(14,555</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(13,851</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Effect of change in tax rates</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(3,417</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Tax benefit not recognized</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">17,972</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">13,851</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Income tax expense (recovery) and income tax liability (asset)</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">A valuation allowance has been recorded as management believes it is more likely than not that the deferred income tax asset will not be realized.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.75in; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>December 31, 2018</b></font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif"><b>December 31, 2017</b></font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 54%; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Tax loss carried forward</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; border-bottom: black 1.5pt solid; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 20%; border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">395,697</font></td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; line-height: 107%">&#160;</td> <td style="width: 1%; border-bottom: black 1.5pt solid; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 20%; border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">41,791</font></td> <td style="width: 1%; line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="text-align: right; line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Deferred tax assets</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">106,838</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">88,866</font></td> <td style="line-height: 107%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">valuation allowance</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(106,838</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 107%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">(88,866</font></td> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">Deferred taxes recognized</font></td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 107%">&#160;</td> <td style="line-height: 107%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 107%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 107%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> 200 1190 2992 2000 1143 2992 The remaining notes are convertible into common stock at the discretion of the holder at five different conversion rates: $0.01 debt to 1 common share, $0.005 to 1 common share; $0.15 to 1 common share; $0.05 to 1 common share; and $0.04 to 1 common share. 196000 23490 20000 10000 85000 110000 20000 25000 21000 20000 25000 163000 -3417 20000 400000 600000 between 2028 and 2039 EX-101.SCH 8 mdex-20181231.xsd XBRL SCHEMA FILE 00000001 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 00000002 - Statement - Balance Sheets link:presentationLink link:calculationLink link:definitionLink 00000003 - Statement - Balance Sheets (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000004 - Statement - Statements of Operations link:presentationLink link:calculationLink link:definitionLink 00000005 - Statement - Statements of Stockholders' Deficit link:presentationLink link:calculationLink link:definitionLink 00000006 - Statement - Statements of Stockholders' Deficit (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000007 - Statement - Statements of Cash Flows link:presentationLink link:calculationLink link:definitionLink 00000008 - Disclosure - Nature and Continuance of Operations link:presentationLink link:calculationLink link:definitionLink 00000009 - Disclosure - Summary of Significant Accounting Policies link:presentationLink link:calculationLink link:definitionLink 00000010 - Disclosure - License Agreement link:presentationLink link:calculationLink link:definitionLink 00000011 - Disclosure - Demand Notes and Accrued Interest Payable link:presentationLink link:calculationLink link:definitionLink 00000012 - Disclosure - Convertible Notes Payable link:presentationLink link:calculationLink link:definitionLink 00000013 - Disclosure - Related Party Advance link:presentationLink link:calculationLink link:definitionLink 00000014 - Disclosure - Common Stock link:presentationLink link:calculationLink link:definitionLink 00000015 - Disclosure - Income Taxes link:presentationLink link:calculationLink link:definitionLink 00000016 - Disclosure - Subsequent Events link:presentationLink link:calculationLink link:definitionLink 00000017 - Disclosure - Summary of Significant Accounting Policies (Policies) link:presentationLink link:calculationLink link:definitionLink 00000018 - Disclosure - Demand Notes and Accrued Interest Payable (Tables) link:presentationLink link:calculationLink link:definitionLink 00000019 - Disclosure - Convertible Notes Payable (Tables) link:presentationLink link:calculationLink link:definitionLink 00000020 - Disclosure - Income Taxes (Tables) link:presentationLink link:calculationLink link:definitionLink 00000021 - Disclosure - Nature and Continuance of Operations (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000022 - Disclosure - Summary of Significant Accounting Policies (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000023 - Disclosure - License Agreement (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000024 - Disclosure - Demand Notes and Accrued Interest Payable (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000025 - Disclosure - Demand Notes and Accrued Interest Payable - Schedule of Notes Payable (Details) link:presentationLink link:calculationLink link:definitionLink 00000026 - Disclosure - Demand Notes and Accrued Interest Payable - Schedule of Notes Payable (Details) (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000027 - Disclosure - Convertible Notes Payable (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000028 - Disclosure - Convertible Notes Payable - Schedule of Convertible Notes Payable (Details) link:presentationLink link:calculationLink link:definitionLink 00000029 - Disclosure - Convertible Notes Payable - Schedule of Convertible Notes Payable (Details) (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000030 - Disclosure - Related Party Advance (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000031 - Disclosure - Common Stock (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000032 - Disclosure - Income Taxes (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000033 - Disclosure - Income Taxes - Schedule of Income Tax Expense (Details) link:presentationLink link:calculationLink link:definitionLink 00000034 - Disclosure - Income Taxes - Schedule of Deferred Income Tax Asset (Details) link:presentationLink link:calculationLink link:definitionLink 00000035 - Disclosure - Subsequent Events (Details Narrative) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 9 mdex-20181231_cal.xml XBRL CALCULATION FILE EX-101.DEF 10 mdex-20181231_def.xml XBRL DEFINITION FILE EX-101.LAB 11 mdex-20181231_lab.xml XBRL LABEL FILE Equity Components [Axis] Common Stock [Member] Additional Paid-in Capital [Member] Accumulated Deficit [Member] Credit Facility [Axis] Convertible Notes Payable Convertible on Basis of $0.05 of Debt to 1 Common Share [Member] Convertible Notes Payable Convertible on Basis of $0.04 of Debt to 1 Common Share [Member] Debt Instrument [Axis] Convertible Debt One [Member] Convertible Debt Two [Member] Convertible Notes Payable Convertible on Basis of $0.005 of Debt to 1 Common Share [Member] Convertible Notes Payable Convertible on Basis of $0.01 of Debt to 1 Common Share [Member] Type of Arrangement and Non-arrangement Transactions [Axis] License Agreement [Member] Scenario [Axis] Additional Payment [Member] Final Payment [Member] Licensor [Member] Note Payable Bearing Interest at 8% [Member] Note Payable Bearing Interest at 5% [Member] Note Payable Bearing Interest at 12% [Member] Convertible Notes Payable Convertible on Basis of $0.015 of Debt to 1 Common Share [Member] Related Party [Axis] President [Member] Short-term Debt, Type [Axis] Convertible Notes Payable One [Member] Convertible Notes Payable Two [Member] Shares Subscribed [Member] Sale of Stock [Axis] Private Placement [Member] Subsequent Event Type [Axis] Related Party Convertible Notes Payable Convertible on Basis of $0.05 of Debt to 1 Common Share [Member] Award Type [Axis] Canadian Currency [Member] Subsequent Event Type [Axis] Subsequent Event [Member] Range [Axis] Minimum [Member] Maximum [Member] Document And Entity Information [Abstract] Entity Registrant Name Entity Central Index Key Document Type Document Period End Date Amendment Flag Current Fiscal Year End Date Entity a Well-known Seasoned Issuer Entity Voluntary Filer Entity Reporting Status Current Entity Filer Category Entity Small Business Flag Entity Emerging Growth Company Entity Ex Transition Period Entity Shell Company Entity Public Float Entity Common Stock, Shares Outstanding Trading Symbol Document Fiscal Period Focus Document Fiscal Year Focus Statement of Financial Position [Abstract] ASSETS CURRENT ASSETS Cash Prepaid expenses Total Current Assets Intangible asset, at amortized cost License agreement (Note 5) Total Assets LIABILITIES AND STOCKHOLDERS" DEFICIT CURRENT LIABILITIES Accounts payable and accrued liabilities License fee payable (Note 3) Demand notes and accrued interest payable (Note 4) Convertible notes payable (Note 5) Related party convertible note payable (Notes 5 & 6) Related party advance (Note 6) Total liabilities STOCKHOLDERS' DEFICIT Common Stock (Note 7) Par Value: $0.001 Authorized 500,000,000 shares Issued and outstanding: 16,757,565 shares (Dec 31, 2017 - 12,257,565 shares) Additional Paid in Capital Shares subscribed (Note 7) Accumulated deficit Total stockholders' deficit Total liabilities and stockholders' deficit Common stock, par value Common stock, shares authorized Common stock, shares issued Common stock, shares outstanding Income Statement [Abstract] Revenues Sales Cost of sales Gross Margin Operating expenses Amortization General and administrative Total operating expenses Loss before other item Other item - interest Net loss and comprehensive loss Net loss per share -Basic and diluted Average number of shares of common stock outstanding Statement [Table] Statement [Line Items] Balance Balance, shares Debt converted to shares, value - Converted at 0.05 per share Debt converted to shares, shares - Converted at 0.05 per share Debt converted to shares, value - Converted at 0.045 per share Debt converted to shares, shares - Converted at 0.045 per share Debt converted to shares, value - Converted at 0.01 per share Debt converted to shares, shares - Converted at 0.01 per share Debt converted to shares, value - Converted at $0.005 per share Debt converted to shares, shares - Converted at $0.005 per share Shares subscribed at $0.10 per share Net loss Balance Balance, shares Debt conversion price per share Shares subscribed price per share Statement of Cash Flows [Abstract] Cash Flows from operating activities: Net loss for the year - as restated (Note 10) Adjustments to reconcile net loss to cash used in operating activities: Amortization of license Accrued interest on notes payable Foreign exchange on notes payable Changes in assets and liabilities: Accounts payable and accruals Prepaid expenses Net cash used in operating activities Cash Flows from financing activities: Proceeds from convertible notes issued Advances from related party Shares subscribed but not issued Net cash provided by financing activities Net decrease in cash Cash, beginning of year Cash, end of year SUPPLEMENTAL DISCLOSURE Interest paid Taxes paid Convertible note issued for related party advance Organization, Consolidation and Presentation of Financial Statements [Abstract] Nature and Continuance of Operations Accounting Policies [Abstract] Summary of Significant Accounting Policies License Agreement License Agreement Debt Disclosure [Abstract] Demand Notes and Accrued Interest Payable Convertible Notes Payable Related Party Transactions [Abstract] Related Party Advance Equity [Abstract] Common Stock Income Tax Disclosure [Abstract] Income Taxes Subsequent Events [Abstract] Subsequent Events Year End Cash and Cash Equivalents Revenue Recognition Stock-based Compensation Basic and Diluted Net Income (loss) Per Share Comprehensive Income Use of Estimates Fair Value Measurements Financial Instruments and Correction of Error in Previously Issued Financial Statements Income Taxes Impairment of Long-lived Assets Foreign Currency Translation and Transactions Intangible Assets Recent Accounting Pronouncements Schedule of Notes Payable Schedule of Convertible Notes Payable Schedule of Income Tax Expense Schedule of Deferred Income Tax Asset Common stock conversion basis Accumulated losses Cash equivalents License agreement term License agreement cost Payment to intangible assets Unpaid balance on license Intercompany Foreign Currency Balance by Description [Axis] Number of notes payable Debt interest rate Accrued interest on note Notes payable Accrued interest Total debt and interest payable Note payable bearing interest rate Debt Number of convertible notes payable Number of convertible notes payable settled Conversion rates, description Convertible Debt Less related party convertible debt at $0.05 debt to 1 common share (Note 6) Total convertible debt to third parties Related party advance due Related party unpaid balance Related party convertible note payable Related party transaction Number of common stock shares issued Share issued price per share Gross proceed from issuance of common stock Convertible notes payable common shares value Convertible notes payable common shares converted Conversion price per share Number of shares issued in private placement agreement Gross proceeds in private placement agreement Forward stock split ratio Tax losses expire term Net income (loss) for the year - as restated Statutory and effective tax rates Income taxes expenses (recovery) at the effective rate Effect of change in tax rates Tax benefit not recognized Income tax expense (recovery) and income tax liability (asset) Tax loss carried forward Deferred tax assets Valuation allowance Deferred taxes recognized Number of shares issued in private placement Price per share Gross proceeds in private placement Additional Payment [Member] Convertible Debt One [Member] Convertible Debt Two [Member] Convertible Notes Payable Convertible on Basis of $0.05 of Debt to 1 Common Share [Member] Convertible Notes Payable Convertible on Basis of $0.04 of Debt to 1 Common Share [Member] Convertible Notes Payable Convertible on Basis of $0.015 of Debt to 1 Common Share [Member] Convertible Notes Payable Convertible on Basis of $0.01 of Debt to 1 Common Share [Member] Convertible Notes Payable Convertible on Basis of $0.005 of Debt to 1 Common Share [Member] Convertible Notes Payable One [Member] Convertible Notes Payable Two [Member] Demand Notes and Accrued Interest Payable [Text Block] Final Payment [Member] Foreign exchange on notes payable. License agreement term. License Agreement [Member] License Agreement [Text Block] License fee payable. Licensor [Member] Notes Payable At Eight Percent Interest Rate [Member] Notes Payable At Five Percent Interest Rate [Member] Notes Payable Annual Interest Payable at 12% [Member] Number of convertible notes payable settled. Number of notes payable. Shares Subscribed [Member] Shares subscribed price per share. Number of shares issued during the period as a result of the conversion of convertible securities one. Number of shares issued during the period as a result of the conversion of convertible securities three. The gross value of stock issued during the period upon the conversion of convertible securities one. The gross value of stock issued during the period upon the conversion of convertible securities three. The gross value of stock issued during the period upon the conversion of convertible securities two. The gross value of stock issued during the period upon the conversion of convertible securities two. Financial Instruments and correction of error in previously issued financial statements [Policy Text Block] Shares subscribed but not issued. Share Capital [Member] Related Party Convertible Notes Payable Convertible on Basis of $0.05 of Debt to 1 Common Share [Member] Canadian Currency [Member] Tax losses expire term. Assets, Current Assets Liabilities Stockholders' Equity Attributable to Parent Liabilities and Equity Gross Profit Operating Expenses Interest Expense, Other Shares, Outstanding Increase (Decrease) in Prepaid Expense Net Cash Provided by (Used in) Operating Activities SharesSubscribedButNotIssued Net Cash Provided by (Used in) Financing Activities Cash and Cash Equivalents, Period Increase (Decrease) LicenseAgreementTextBlock Income Tax, Policy [Policy Text Block] Deferred Tax Assets, Valuation Allowance EX-101.PRE 12 mdex-20181231_pre.xml XBRL PRESENTATION FILE XML 13 R1.htm IDEA: XBRL DOCUMENT v3.19.1
Document and Entity Information - USD ($)
12 Months Ended
Dec. 31, 2018
Mar. 30, 2019
Jun. 30, 2018
Document And Entity Information [Abstract]      
Entity Registrant Name Madison Technologies Inc.    
Entity Central Index Key 0001318268    
Document Type 10-K    
Document Period End Date Dec. 31, 2018    
Amendment Flag false    
Current Fiscal Year End Date --12-31    
Entity a Well-known Seasoned Issuer No    
Entity Voluntary Filer No    
Entity Reporting Status Current Yes    
Entity Filer Category Non-accelerated Filer    
Entity Small Business Flag true    
Entity Emerging Growth Company false    
Entity Ex Transition Period false    
Entity Shell Company false    
Entity Public Float     $ 1,058,056
Entity Common Stock, Shares Outstanding   16,757,565  
Trading Symbol MDEX    
Document Fiscal Period Focus FY    
Document Fiscal Year Focus 2018    
XML 14 R2.htm IDEA: XBRL DOCUMENT v3.19.1
Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
CURRENT ASSETS    
Cash $ 2,543 $ 3,281
Prepaid expenses 3,000
Total Current Assets 5,543 3,281
Intangible asset, at amortized cost License agreement (Note 5) 17,760
Total Assets 5,543 21,041
CURRENT LIABILITIES    
Accounts payable and accrued liabilities 48,169 45,394
License fee payable (Note 3) 33,500 33,500
Demand notes and accrued interest payable (Note 4) 126,498 123,094
Convertible notes payable (Note 5) 163,000 196,000
Related party convertible note payable (Notes 5 & 6) 490
Related party advance (Note 6) 261
Total liabilities 371,657 398,249
STOCKHOLDERS' DEFICIT    
Common Stock (Note 7) Par Value: $0.001 Authorized 500,000,000 shares Issued and outstanding: 16,757,565 shares (Dec 31, 2017 - 12,257,565 shares) 16,757 12,257
Additional Paid in Capital 119,145 88,645
Shares subscribed (Note 7) 30,000
Accumulated deficit (532,016) (478,110)
Total stockholders' deficit (366,114) (377,208)
Total liabilities and stockholders' deficit $ 5,543 $ 21,041
XML 15 R3.htm IDEA: XBRL DOCUMENT v3.19.1
Balance Sheets (Parenthetical) - $ / shares
Dec. 31, 2018
Dec. 31, 2017
Statement of Financial Position [Abstract]    
Common stock, par value $ 0.001 $ 0.001
Common stock, shares authorized 500,000,000 500,000,000
Common stock, shares issued 16,757,565 12,257,565
Common stock, shares outstanding 16,757,565 12,257,565
XML 16 R4.htm IDEA: XBRL DOCUMENT v3.19.1
Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Revenues    
Sales $ 4,426 $ 6,675
Cost of sales 2,527 4,511
Gross Margin 1,899 2,164
Operating expenses    
Amortization 17,760 25,000
General and administrative 31,910 24,277
Total operating expenses 49,670 49,277
Loss before other item (47,771) (47,113)
Other item - interest (6,135) (6,160)
Net loss and comprehensive loss $ (53,906) $ (53,273)
Net loss per share -Basic and diluted $ (0.003) $ (0.005)
Average number of shares of common stock outstanding 16,449,346 11,747,053
XML 17 R5.htm IDEA: XBRL DOCUMENT v3.19.1
Statements of Stockholders' Deficit - USD ($)
Common Stock [Member]
Additional Paid-in Capital [Member]
Shares Subscribed [Member]
Accumulated Deficit [Member]
Total
Balance at Dec. 31, 2016 $ 11,302 $ 44,600 $ (424,837) $ (368,935)
Balance, shares at Dec. 31, 2016 11,302,009        
Debt converted to shares, value - Converted at 0.05 per share $ 400 19,600 20,000
Debt converted to shares, shares - Converted at 0.05 per share 400,000        
Debt converted to shares, value - Converted at 0.045 per share $ 555 24,445 25,000
Debt converted to shares, shares - Converted at 0.045 per share 555,556        
Net loss (53,273) (53,273)
Balance at Dec. 31, 2017 $ 12,257 88,645 (478,110) (377,208)
Balance, shares at Dec. 31, 2017 12,257,565        
Debt converted to shares, value - Converted at 0.01 per share $ 2,500 22,500 25,000
Debt converted to shares, shares - Converted at 0.01 per share 2,500,000        
Debt converted to shares, value - Converted at $0.005 per share $ 2,000 8,000 10,000
Debt converted to shares, shares - Converted at $0.005 per share 2,000,000        
Shares subscribed at $0.10 per share 30,000 30,000
Net loss (53,906) (53,906)
Balance at Dec. 31, 2018 $ 16,757 $ 119,145 $ 30,000 $ (532,016) $ (366,114)
Balance, shares at Dec. 31, 2018 16,757,565        
XML 18 R6.htm IDEA: XBRL DOCUMENT v3.19.1
Statements of Stockholders' Deficit (Parenthetical) - $ / shares
Dec. 31, 2018
Dec. 31, 2017
Shares subscribed price per share $ 0.10  
Convertible Debt One [Member]    
Debt conversion price per share 0.01 $ 0.05
Convertible Debt Two [Member]    
Debt conversion price per share $ 0.005 $ 0.045
XML 19 R7.htm IDEA: XBRL DOCUMENT v3.19.1
Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash Flows from operating activities:    
Net loss for the year - as restated (Note 10) $ (53,906) $ (53,273)
Adjustments to reconcile net loss to cash used in operating activities:    
Amortization of license 17,760 25,000
Accrued interest on notes payable 6,135 6,160
Foreign exchange on notes payable (2,731) 2,252
Changes in assets and liabilities:    
Accounts payable and accruals 2,775 8,883
Prepaid expenses (3,000)
Net cash used in operating activities (32,967) (10,978)
Cash Flows from financing activities:    
Proceeds from convertible notes issued 2,000
Advances from related party 229
Shares subscribed but not issued 30,000
Net cash provided by financing activities 32,290
Net decrease in cash (738) (10,978)
Cash, beginning of year 3,281 14,259
Cash, end of year 2,543 3,281
SUPPLEMENTAL DISCLOSURE    
Interest paid
Taxes paid
Convertible note issued for related party advance $ 490
XML 20 R8.htm IDEA: XBRL DOCUMENT v3.19.1
Nature and Continuance of Operations
12 Months Ended
Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Nature and Continuance of Operations

Note 1 Nature and Continuance of Operations

 

The Company was incorporated on June 15, 1998 in the State of Nevada, USA and the Company’s common shares are publicly traded on the OTC Bulletin Board.

 

On January 21, 2015, a majority of the Company’s stockholders approved a consolidation of the issued and outstanding shares of common stock, on a 10 for 1 basis, thereby decreasing the issued and outstanding share capital from 113,020,000 to 11,302,000. These financial statements give retroactive effect to this change.

 

Effective December 31, 2016, the Company dissolved its wholly owned subsidiary, Scout Resources Inc. (“Scout”) and assumed all the debt that Scout owed.

 

Up until fiscal 2014, the Company was in the business of mineral exploration. On May 28, 2014, the Company formalized an agreement whereby it purchased assets associated with a smokeless cannabis delivery system. The Company planned to develop this system for commercial purposes. On December 14, 2014, the smokeless cannabis delivery agreement was terminated.

 

On September 16, 2016, the Company entered into an exclusive distribution product license agreement with Tuffy Packs, LLC to distribute products into the United Kingdom and 43 other essentially European countries. The Company is selling ballistic panels which are personal body armors, that conforms to the National Institute of Justice (NIJ) Level IIIA threat requirements. The Company’s plan of operations and sales strategy include online and social media marketing, as well as attending various tradeshows and conferences. As the Company failed to make specified payments as required, the agreement was amended to a non-exclusive basis.

 

On March 11, 2015, the Company changed its name from Madison Explorations, Inc. to Madison Technologies Inc. and effected the stock consolidation.

 

These financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which assumes that the Company will be able to meet its obligations and continue its operations for its next twelve months. Realization values may be substantially different from carrying values as shown and these financial statements do not give effect to adjustments that would be necessary to the carrying values and classification of assets and liabilities should the Company be unable to continue as a going concern. At December 31, 2018, the Company had not yet achieved profitable operations, has accumulated losses of $532,016 since its inception and expects to incur further losses in the development of its business, all of which casts substantial doubt about the Company’s ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management has no formal plan in place to address this concern but considers that the Company will be able to obtain additional funds by equity financing and/or related party advances. That said, there is no assurance of additional funding being available.

XML 21 R9.htm IDEA: XBRL DOCUMENT v3.19.1
Summary of Significant Accounting Policies
12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies

Note 2 Summary of Significant Accounting Policies

 

a) Year end

 

The Company has elected a December 31st fiscal year end.

 

b) Cash and cash equivalents

 

The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. As at December 31, 2018, the Company did not have any cash equivalents in 2018. (2017 – $nil).

 

c) Revenue Recognition

 

The Company recognizes revenue when a contract is in place, goods or services are delivered to the purchaser and collectability is reasonably assured.

 

d) Stock-Based Compensation

 

The Company follows the guideline under FASB ASC Topic 718 “Compensation-Stock Compensationfor all stock-based compensation plans, including employee stock options, restricted stock, employee stock purchase plans and stock appreciation rights. Stock compensation expenses are to be recorded using the fair value method. No stock options have been issued.

 

e) Basic and Diluted Net Income (Loss) per Share

 

The Company reports basic loss per share in accordance FASB ASC Topic 260, “Earnings per share”. Basic net income (loss) per share is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share on the potential exercise of the equity-based financial instruments is not presented where anti-dilutive.

 

f) Comprehensive Income

 

In accordance with FASB ASC Topic 220 “Comprehensive Income,” comprehensive income consists of net income and other gains and losses affecting stockholder’s equity that are excluded from net income, such as unrealized gains and losses on investments available for sale, foreign currency translation gains and losses and minimum pension liability.

 

g) Use of Estimates

 

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying disclosures. Although these estimates are based on management’s best knowledge of current events and actions the Company may undertake in the future, actual results may ultimately differ from the estimates. Management believes such estimates to be reasonable.

 

h) Fair Value Measurements

 

The Company follows FASB ASC Topic 820, “Fair Value Measurements and Disclosures”, for all financial instruments and non-financial instruments accounted for at fair value on a recurring basis. This accounting standard establishes a single definition of fair value and a framework for measuring fair value, sets out a fair value hierarchy to be used to classify the source of information used in fair value measurement and expands disclosures about fair value measurements required under other accounting pronouncements. It does not change existing guidance as to whether or not an instrument is carried at fair value. The Company defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities, which are required to be recorded at fair value, the Company considers the principal or most advantageous market in which the Company would transact and the market-based risk measurements or assumptions that market participants would use in pricing the asset or liability, such as inherent risk, transfer restrictions and credit risk. The Company has adopted FASB ASC 825, “Financial Instruments”, which allows companies to choose to measure eligible financial instruments and certain other items at fair value that are not required to be measured at fair value. The Company has not elected the fair value option for any eligible financial instruments.

 

i) Financial Instruments and correction of error in previously issued financial statements

 

Fair Value

 

The Company’s financial instruments consisting of cash, account payable and accrued liabilities, notes payable and accrued interest and related party advances are carried at face which approximates fair value because of their short-term nature.

 

During the year ended 2017, the Company changed the accounting policy by which it accounts for its convertible debt. Previously, the Company based its policy on the fact that the promissory notes have been issued without an interest component and, assuming the reason for investing is the pursuit of profit, the total value of these instruments had been allocated to the equity component as this is the only logical reason for investment. Promissory note issuances were included in additional paid-in capital and were amortized and charged to interest on an effective interest rate basis.

 

During the year, the Company corrected this policy and adopted FASB ASC Topic 470, “Debt with Conversions and Other Options,” which requires that convertible debt with no beneficial conversion feature be allocated in totality to debt and that no amount be allocated to equity. This change has been applied retroactively to the financial statements and the effect on the financial statements is described in Note 8. None of the Company’s convertible notes had a beneficial conversion feature.

 

Risks:

 

Financial instruments that potentially subject the Company to credit risk consist principally of cash. Management does not believe the Company is exposed to significant credit risk.

 

Management, as well, does not believe the Company is exposed to significant interest rate risks during the period resented in these financial statements.

 

The accompanying financial statements do not include any adjustments that might result from the eventual outcome of the risks and uncertainties described above.

 

j) Income Taxes

 

The Company accounts for income taxes under an asset and liability approach that requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in the Company’s financial statements or tax returns. In estimating future tax consequences, all expected future events other than enactment of changes in the tax laws or rates are considered.

 

Due to the uncertainty regarding the Company’s future profitability, the future tax benefits of its losses have been fully reserved.

 

k) Impairment of Long-Lived Assets

 

Impairment losses on long-lived assets, such as mining claims, are recognized when events or changes in circumstances indicate that the undiscounted cash flows estimated to be generated by such assets are less than their carrying value and, accordingly, all or a portion of such carrying value may not be recoverable. Impairment losses are then measured by comparing the fair value of assets to their carrying amounts.

 

l) Foreign Currency Translation and Transactions

 

The Company’s functional currency is US dollars. Foreign currency balances are translated into US dollars as follows:

 

Monetary assets and liabilities are translated at the period-end exchange rate. Non-monetary assets are translated at the rate of exchange in effect at their acquisition, unless such assets are carried at market or nominal value, in which case they are translated at the period-end exchange rate. Revenue and expense items are translated at the average exchange rate for the period. Foreign exchange gains and losses in the period are included in operations.

 

The functional currency of the now dissolved wholly owned subsidiary was Canadian dollars. The assets and liabilities arising from these operations were translated at current exchange rates and related revenues and expenses at the exchange rates in effect at the time the revenue or expense was incurred. Resulting translation adjustments, if material, were accumulated as a separate component of accumulated other comprehensive income in the statement of stockholders’ deficit.

 

m) Intangible Assets

 

Intangible assets are non-monetary identifiable assets, controlled by the Company that will produce future economic benefits, based on reasonable and supportable assumptions about conditions that will exist over the life of the asset. An intangible asset that does not meet these attributes will be recognized as an expense when it is incurred. Intangible assets that do, are capitalized and initially measured at cost. Those with a determinable life will be amortized on a systematic basis over their future economic life. Those with an indefinite useful life shall not be amortized until its useful life is determined to be longer indefinite. An intangible assets subject to amortization shall be periodically reviewed for impairment. A recoverability test will be performed and, if applicable, unscheduled amortization is considered.

 

A license agreement has been capitalized and recorded at cost. It has been amortized over the life of the contract, which is two years.

 

n) Recent Accounting Pronouncements

 

The Company adopts new pronouncements relating to generally accepted accounting principles applicable to the Company as they are issued, which may be in advance of their effective date. Management does not believe that any pronouncement not yet effective but recently issued would, if adopted, have a material effect on the accompanying financial statements.

XML 22 R10.htm IDEA: XBRL DOCUMENT v3.19.1
License Agreement
12 Months Ended
Dec. 31, 2018
License Agreement  
License Agreement

Note 3 License Agreement

 

The Company entered into an exclusive product license agreement on September 16, 2016 with Tuffy Packs, LLC, a Texas corporation, to sell Ballistic Panels in certain countries, essentially in Europe. The license is for a period of two years unless terminated and may be renewed for successive terms of two years each. The payment terms for the license is as follows:

 

  1. $10,000 payable within seven days after the effective date;
  2. An additional $15,000 payable within 30 days after the effective date; and
  3. A final payment of $25,000 payable within 90 days of the effective date.

 

At December 31, 2018, the Company had paid $16,500 to the Licensor, leaving an unpaid balance of $33,500. To date, the Company has recorded a total license amortization of $50,000.

 

As a result of the failure to make payments as required under the agreement, the Company was informed on March 20, 2017, that going forward, the agreement would be on a non-exclusive basis.

XML 23 R11.htm IDEA: XBRL DOCUMENT v3.19.1
Demand Notes and Accrued Interest Payable
12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
Demand Notes and Accrued Interest Payable

Note 4 Demand Notes and Accrued Interest Payable

 

The Company has three notes payable. Each note is unsecured and payable on demand.

 

    December 31, 2018     December 31, 2017  
             
Note payable bearing interest at 8%   $ 25,000     $ 25,000  
Accrued interest there on     27,797       25,797  
      52,797       50,797  
                 
Note payable bearing interest at 5%
(Debt is Canadian $30,000)
    22,059       23,809  
Accrued interest there on     12,960       12,798  
      35,019       36,607  
                 
Note payable bearing at 12%     25,000       25,000  
Accrued interest there on     13,682       10,690  
      38,682       35,690  
                 
Total debt and interest payable   $ 126,498     $ 123,094  

 

Interest accrued for the year ended December 31, 2018 were as follows:

 

Interest accrued on the note bearing 8% interest was $2,000 (2017 - $2,00).

 

Interest accrued on the note bearing 5% interest was $1,143 (2017 - $1,190).

 

Interest accrued on the note bearing 12% interest was $2,992 (2017 - $2,992).

XML 24 R12.htm IDEA: XBRL DOCUMENT v3.19.1
Convertible Notes Payable
12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
Convertible Notes Payable

Note 5 Convertible Notes Payable

 

As at December 31, 2018, there are nine convertible notes payable. Two notes were converted into shares during the year ended December 31, 2017 and two notes were converted into shares during the period ended March 31, 2018. All notes are non-interest bearing, unsecured and payable on demand. The remaining notes are convertible into common stock at the discretion of the holder at five different conversion rates: $0.01 debt to 1 common share, $0.005 to 1 common share; $0.15 to 1 common share; $0.05 to 1 common share; and $0.04 to 1 common share. The effect that conversion would have on earnings per share has not been disclosed due to the anti-dilutive effect. A recap of convertible debt outstanding based on conversion rates is as follow:

 

    December 31, 2018     December 31, 2017  
             
Convertible at $0.01 debt to 1 common share   $ 85,000     $ 110,000  
Convertible at $0.005 debt to 1 common share     10,000       20,000  
Convertible at $0.015 debt to 1 common share     25,000       25,000  
Convertible at $0.05 debt to 1 common share     23,490       21,000  
Convertible at $0.04 debt to 1 common share     20,000       20,000  
      163,490       196,000  
Less related party convertible debt at $0.05 debt to 1 common share (Note 6)     (490 )        
Total convertible debt to third parties   $ 163,000     $ 196,000  

XML 25 R13.htm IDEA: XBRL DOCUMENT v3.19.1
Related Party Advance
12 Months Ended
Dec. 31, 2018
Related Party Transactions [Abstract]  
Related Party Advance

Note 6 Related Party Advance

 

In 2008, the President advanced the Company $561 repayable without interest or any other terms. The unpaid balance as at October 23, 2018 was $261. The President advanced a further $229 (CAD $300) to cover out of pocket expenditures. On October 23, 2018, the Company entered into a convertible note payable with the President by combining the two advances to the aggregate amount of $490. The note payable is due on demand and may be convertible to common stock of the Company at $0.05 per share. There were no other related party transactions during the period ended December 31, 2018 or the year ended December 31, 2017.

XML 26 R14.htm IDEA: XBRL DOCUMENT v3.19.1
Common Stock
12 Months Ended
Dec. 31, 2018
Equity [Abstract]  
Common Stock

Note 7 Common Stock

 

On March 2, 2018, the Company completed a private placement of 150,000 shares of common stock at a per share price of $0.10 for gross proceeds of $15,000. As of the date of this report, the shares have not been issued.

 

On February 16, 2018, the Company completed a private placement of 150,000 shares of common stock at a per share price of $0.10 for gross proceeds of $15,000. As of the date of this report, the shares have not been issued.

 

On January 25, 2018, two convertible notes were converted into shares. One note for $25,000 was converted into 2,500,000 shares at $0.01 per share and the other note for $10,000 was converted into 2,000,000 shares at $0.005 per share.

 

On July 14, 2017, two convertible notes were converted into shares. One note for $25,000 was converted into 555,556 shares at $0.045 per share and the other note for $20,000 was converted to 400,000 shares at $0.05 per share.

 

On January 21, 2015, a majority of the Company’s stockholders approved a consolidation of the issued and outstanding shares of common stock, on a 10 for 1 basis, thereby decreasing the issued and outstanding share capital from 113,020,000 to 11,302,009. This was effected on March 11, 2015. This consolidation has been applied retroactively and all references to the number of shares issued reflect this consolidation.

 

On March 30, 2006, the Company entered into a private placement agreement whereby the Company issued 20,000 Regulation-S shares in exchange for $50,000. ($2.50 per share).

 

On June 7, 2004, the Company issued 5,907,000 in consideration of $472 in cash. ($.00008 per share.)

 

On June 14, 2001, the Company approved a forward stock split of 5,000:1.

 

On June 15, 1998, the Company authorized and issued 5,375,000 shares of its common stock in consideration of $430 in cash. ($.00008 per share.)

 

There are no shares subject to warrants or options as of December 31, 2018.

XML 27 R15.htm IDEA: XBRL DOCUMENT v3.19.1
Income Taxes
12 Months Ended
Dec. 31, 2018
Income Tax Disclosure [Abstract]  
Income Taxes

Note 8 Income Taxes

 

Income tax recovery differs from that which would be expected from applying the effective tax rates to the net income (loss) as follows:

 

    December 31, 2018     December 31, 2017  
             
Net income (loss) for the year – as restated   $ (53,906 )   $ (53,273 )
Statutory and effective tax rates     27.0 %     26.0 %
Income taxes expenses (recovery) at the effective rate   $ (14,555 )   $ (13,851 )
Effect of change in tax rates     (3,417 )        
Tax benefit not recognized     17,972       13,851  
Income tax expense (recovery) and income tax liability (asset)   $ -     $ -  

 

As at December 31, 2018 the tax effect of the temporary timing differences that give rise to significant components of deferred income tax asset are noted below. A valuation allowance has been recorded as management believes it is more likely than not that the deferred income tax asset will not be realized.

 

    December 31, 2018     December 31, 2017  
Tax loss carried forward   $ 395,697     $ 41,791  
                 
Deferred tax assets   $ 106,838     $ 88,866  
valuation allowance     (106,838 )     (88,866 )
Deferred taxes recognized   $ -     $ -  

 

The tax losses will expire between 2028 and 2039.

XML 28 R16.htm IDEA: XBRL DOCUMENT v3.19.1
Subsequent Events
12 Months Ended
Dec. 31, 2018
Subsequent Events [Abstract]  
Subsequent Events

Note 9 Subsequent events

 

On February 26, 2019 the Company completed a private placement of 400,000 at $0.05 per share for gross proceeds of $20,000. At the date of this report, the shares have not been issued.

 

On March 13, 2019, the Company completed a private placement of 600,000 at $0.05 per share for gross proceeds of $30,000. At the date of this report, the shares have not been issued.

XML 29 R17.htm IDEA: XBRL DOCUMENT v3.19.1
Summary of Significant Accounting Policies (Policies)
12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Year End

a) Year end

 

The Company has elected a December 31st fiscal year end.

Cash and Cash Equivalents

b) Cash and cash equivalents

 

The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. As at December 31, 2018, the Company did not have any cash equivalents in 2018. (2017 – $nil).

Revenue Recognition

c) Revenue Recognition

 

The Company recognizes revenue when a contract is in place, goods or services are delivered to the purchaser and collectability is reasonably assured.

Stock-based Compensation

d) Stock-Based Compensation

 

The Company follows the guideline under FASB ASC Topic 718 “Compensation-Stock Compensationfor all stock-based compensation plans, including employee stock options, restricted stock, employee stock purchase plans and stock appreciation rights. Stock compensation expenses are to be recorded using the fair value method. No stock options have been issued.

Basic and Diluted Net Income (loss) Per Share

e) Basic and Diluted Net Income (Loss) per Share

 

The Company reports basic loss per share in accordance FASB ASC Topic 260, “Earnings per share”. Basic net income (loss) per share is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share on the potential exercise of the equity-based financial instruments is not presented where anti-dilutive.

Comprehensive Income

f) Comprehensive Income

 

In accordance with FASB ASC Topic 220 “Comprehensive Income,” comprehensive income consists of net income and other gains and losses affecting stockholder’s equity that are excluded from net income, such as unrealized gains and losses on investments available for sale, foreign currency translation gains and losses and minimum pension liability.

Use of Estimates

g) Use of Estimates

 

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying disclosures. Although these estimates are based on management’s best knowledge of current events and actions the Company may undertake in the future, actual results may ultimately differ from the estimates. Management believes such estimates to be reasonable.

Fair Value Measurements

h) Fair Value Measurements

 

The Company follows FASB ASC Topic 820, “Fair Value Measurements and Disclosures”, for all financial instruments and non-financial instruments accounted for at fair value on a recurring basis. This accounting standard establishes a single definition of fair value and a framework for measuring fair value, sets out a fair value hierarchy to be used to classify the source of information used in fair value measurement and expands disclosures about fair value measurements required under other accounting pronouncements. It does not change existing guidance as to whether or not an instrument is carried at fair value. The Company defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities, which are required to be recorded at fair value, the Company considers the principal or most advantageous market in which the Company would transact and the market-based risk measurements or assumptions that market participants would use in pricing the asset or liability, such as inherent risk, transfer restrictions and credit risk. The Company has adopted FASB ASC 825, “Financial Instruments”, which allows companies to choose to measure eligible financial instruments and certain other items at fair value that are not required to be measured at fair value. The Company has not elected the fair value option for any eligible financial instruments.

Financial Instruments and Correction of Error in Previously Issued Financial Statements

i) Financial Instruments and correction of error in previously issued financial statements

 

Fair Value

 

The Company’s financial instruments consisting of cash, account payable and accrued liabilities, notes payable and accrued interest and related party advances are carried at face which approximates fair value because of their short-term nature.

 

During the year ended 2017, the Company changed the accounting policy by which it accounts for its convertible debt. Previously, the Company based its policy on the fact that the promissory notes have been issued without an interest component and, assuming the reason for investing is the pursuit of profit, the total value of these instruments had been allocated to the equity component as this is the only logical reason for investment. Promissory note issuances were included in additional paid-in capital and were amortized and charged to interest on an effective interest rate basis.

 

During the year, the Company corrected this policy and adopted FASB ASC Topic 470, “Debt with Conversions and Other Options,” which requires that convertible debt with no beneficial conversion feature be allocated in totality to debt and that no amount be allocated to equity. This change has been applied retroactively to the financial statements and the effect on the financial statements is described in Note 8. None of the Company’s convertible notes had a beneficial conversion feature.

 

Risks:

 

Financial instruments that potentially subject the Company to credit risk consist principally of cash. Management does not believe the Company is exposed to significant credit risk.

 

Management, as well, does not believe the Company is exposed to significant interest rate risks during the period resented in these financial statements.

 

The accompanying financial statements do not include any adjustments that might result from the eventual outcome of the risks and uncertainties described above.

Income Taxes

j) Income Taxes

 

The Company accounts for income taxes under an asset and liability approach that requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in the Company’s financial statements or tax returns. In estimating future tax consequences, all expected future events other than enactment of changes in the tax laws or rates are considered.

 

Due to the uncertainty regarding the Company’s future profitability, the future tax benefits of its losses have been fully reserved.

Impairment of Long-lived Assets

k) Impairment of Long-Lived Assets

 

Impairment losses on long-lived assets, such as mining claims, are recognized when events or changes in circumstances indicate that the undiscounted cash flows estimated to be generated by such assets are less than their carrying value and, accordingly, all or a portion of such carrying value may not be recoverable. Impairment losses are then measured by comparing the fair value of assets to their carrying amounts.

Foreign Currency Translation and Transactions

l) Foreign Currency Translation and Transactions

 

The Company’s functional currency is US dollars. Foreign currency balances are translated into US dollars as follows:

 

Monetary assets and liabilities are translated at the period-end exchange rate. Non-monetary assets are translated at the rate of exchange in effect at their acquisition, unless such assets are carried at market or nominal value, in which case they are translated at the period-end exchange rate. Revenue and expense items are translated at the average exchange rate for the period. Foreign exchange gains and losses in the period are included in operations.

 

The functional currency of the now dissolved wholly owned subsidiary was Canadian dollars. The assets and liabilities arising from these operations were translated at current exchange rates and related revenues and expenses at the exchange rates in effect at the time the revenue or expense was incurred. Resulting translation adjustments, if material, were accumulated as a separate component of accumulated other comprehensive income in the statement of stockholders’ deficit.

Intangible Assets

m) Intangible Assets

 

Intangible assets are non-monetary identifiable assets, controlled by the Company that will produce future economic benefits, based on reasonable and supportable assumptions about conditions that will exist over the life of the asset. An intangible asset that does not meet these attributes will be recognized as an expense when it is incurred. Intangible assets that do, are capitalized and initially measured at cost. Those with a determinable life will be amortized on a systematic basis over their future economic life. Those with an indefinite useful life shall not be amortized until its useful life is determined to be longer indefinite. An intangible assets subject to amortization shall be periodically reviewed for impairment. A recoverability test will be performed and, if applicable, unscheduled amortization is considered.

 

A license agreement has been capitalized and recorded at cost. It has been amortized over the life of the contract, which is two years.

Recent Accounting Pronouncements

n) Recent Accounting Pronouncements

 

The Company adopts new pronouncements relating to generally accepted accounting principles applicable to the Company as they are issued, which may be in advance of their effective date. Management does not believe that any pronouncement not yet effective but recently issued would, if adopted, have a material effect on the accompanying financial statements.

 

XML 30 R18.htm IDEA: XBRL DOCUMENT v3.19.1
Demand Notes and Accrued Interest Payable (Tables)
12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
Schedule of Notes Payable

The Company has three notes payable. Each note is unsecured and payable on demand.

 

    December 31, 2018     December 31, 2017  
             
Note payable bearing interest at 8%   $ 25,000     $ 25,000  
Accrued interest there on     27,797       25,797  
      52,797       50,797  
                 
Note payable bearing interest at 5%
(Debt is Canadian $30,000)
    22,059       23,809  
Accrued interest there on     12,960       12,798  
      35,019       36,607  
                 
Note payable bearing at 12%     25,000       25,000  
Accrued interest there on     13,682       10,690  
      38,682       35,690  
                 
Total debt and interest payable   $ 126,498     $ 123,094  

XML 31 R19.htm IDEA: XBRL DOCUMENT v3.19.1
Convertible Notes Payable (Tables)
12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
Schedule of Convertible Notes Payable

A recap of convertible debt outstanding based on conversion rates is as follow:

 

    December 31, 2018     December 31, 2017  
             
Convertible at $0.01 debt to 1 common share   $ 85,000     $ 110,000  
Convertible at $0.005 debt to 1 common share     10,000       20,000  
Convertible at $0.015 debt to 1 common share     25,000       25,000  
Convertible at $0.05 debt to 1 common share     23,490       21,000  
Convertible at $0.04 debt to 1 common share     20,000       20,000  
      163,490       196,000  
Less related party convertible debt at $0.05 debt to 1 common share (Note 6)     (490 )        
Total convertible debt to third parties   $ 163,000     $ 196,000  

XML 32 R20.htm IDEA: XBRL DOCUMENT v3.19.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2018
Income Tax Disclosure [Abstract]  
Schedule of Income Tax Expense

Income tax recovery differs from that which would be expected from applying the effective tax rates to the net income (loss) as follows:

 

    December 31, 2018     December 31, 2017  
             
Net income (loss) for the year – as restated   $ (53,906 )   $ (53,273 )
Statutory and effective tax rates     27.0 %     26.0 %
Income taxes expenses (recovery) at the effective rate   $ (14,555 )   $ (13,851 )
Effect of change in tax rates     (3,417 )        
Tax benefit not recognized     17,972       13,851  
Income tax expense (recovery) and income tax liability (asset)   $ -     $ -  

Schedule of Deferred Income Tax Asset

A valuation allowance has been recorded as management believes it is more likely than not that the deferred income tax asset will not be realized.

 

    December 31, 2018     December 31, 2017  
Tax loss carried forward   $ 395,697     $ 41,791  
                 
Deferred tax assets   $ 106,838     $ 88,866  
valuation allowance     (106,838 )     (88,866 )
Deferred taxes recognized   $ -     $ -  

XML 33 R21.htm IDEA: XBRL DOCUMENT v3.19.1
Nature and Continuance of Operations (Details Narrative) - USD ($)
Jan. 21, 2015
Dec. 31, 2018
Dec. 31, 2017
Common stock conversion basis Issued and outstanding shares of common stock, on a 10 for 1 basis.    
Common stock, shares issued   16,757,565 12,257,565
Common stock, shares outstanding   16,757,565 12,257,565
Accumulated losses   $ (532,016) $ (478,110)
Minimum [Member]      
Common stock, shares issued 113,020,000    
Common stock, shares outstanding 113,020,000    
Maximum [Member]      
Common stock, shares issued 11,302,000    
Common stock, shares outstanding 11,302,000    
XML 34 R22.htm IDEA: XBRL DOCUMENT v3.19.1
Summary of Significant Accounting Policies (Details Narrative) - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Accounting Policies [Abstract]    
Cash equivalents
XML 35 R23.htm IDEA: XBRL DOCUMENT v3.19.1
License Agreement (Details Narrative) - USD ($)
12 Months Ended
Sep. 16, 2016
Dec. 31, 2018
Dec. 31, 2017
Unpaid balance on license   $ 33,500 $ 33,500
Amortization of license   17,760 $ 25,000
Licensor [Member]      
Payment to intangible assets   16,500  
Unpaid balance on license   33,500  
Amortization of license   $ 50,000  
License Agreement [Member]      
License agreement term 2 years 7 days  
License agreement cost   $ 10,000  
License Agreement [Member] | Additional Payment [Member]      
License agreement term   30 days  
License agreement cost   $ 15,000  
License Agreement [Member] | Final Payment [Member]      
License agreement term   90 days  
License agreement cost   $ 25,000  
XML 36 R24.htm IDEA: XBRL DOCUMENT v3.19.1
Demand Notes and Accrued Interest Payable (Details Narrative)
12 Months Ended
Dec. 31, 2018
USD ($)
Notes
Dec. 31, 2017
USD ($)
Number of notes payable | Notes 3  
Note Payable Bearing Interest at 8% [Member]    
Debt interest rate 8.00% 8.00%
Accrued interest on note $ 2,000 $ 200
Note Payable Bearing Interest at 5% [Member]    
Debt interest rate 5.00% 5.00%
Accrued interest on note $ 1,143 $ 1,190
Note Payable Bearing Interest at 12% [Member]    
Debt interest rate 12.00% 12.00%
Accrued interest on note $ 2,992 $ 2,992
XML 37 R25.htm IDEA: XBRL DOCUMENT v3.19.1
Demand Notes and Accrued Interest Payable - Schedule of Notes Payable (Details) - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Total debt and interest payable $ 126,498 $ 123,094
Note Payable Bearing Interest at 8% [Member]    
Notes payable 25,000 25,000
Accrued interest 27,797 25,797
Total debt and interest payable 52,797 50,797
Note Payable Bearing Interest at 5% [Member]    
Notes payable 22,059 23,809
Accrued interest 12,960 12,798
Total debt and interest payable 35,019 36,607
Note Payable Bearing Interest at 12% [Member]    
Notes payable 25,000 25,000
Accrued interest 13,682 10,690
Total debt and interest payable $ 38,682 $ 35,690
XML 38 R26.htm IDEA: XBRL DOCUMENT v3.19.1
Demand Notes and Accrued Interest Payable - Schedule of Notes Payable (Details) (Parenthetical) - CAD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Note Payable Bearing Interest at 8% [Member]    
Note payable bearing interest rate 8.00% 8.00%
Note Payable Bearing Interest at 5% [Member]    
Note payable bearing interest rate 5.00% 5.00%
Debt $ 30,000 $ 30,000
Note Payable Bearing Interest at 12% [Member]    
Note payable bearing interest rate 12.00% 12.00%
XML 39 R27.htm IDEA: XBRL DOCUMENT v3.19.1
Convertible Notes Payable (Details Narrative) - Notes
3 Months Ended 12 Months Ended
Mar. 31, 2018
Dec. 31, 2018
Dec. 31, 2017
Debt Disclosure [Abstract]      
Number of convertible notes payable   9  
Number of convertible notes payable settled 2   2
Conversion rates, description   The remaining notes are convertible into common stock at the discretion of the holder at five different conversion rates: $0.01 debt to 1 common share, $0.005 to 1 common share; $0.15 to 1 common share; $0.05 to 1 common share; and $0.04 to 1 common share.  
XML 40 R28.htm IDEA: XBRL DOCUMENT v3.19.1
Convertible Notes Payable - Schedule of Convertible Notes Payable (Details) - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Convertible Debt $ 163,000 $ 196,000
Less related party convertible debt at $0.05 debt to 1 common share (Note 6) (490)
Total convertible debt to third parties 163,000 196,000
Convertible Notes Payable Convertible on Basis of $0.01 of Debt to 1 Common Share [Member]    
Convertible Debt 85,000 110,000
Convertible Notes Payable Convertible on Basis of $0.005 of Debt to 1 Common Share [Member]    
Convertible Debt 10,000 20,000
Convertible Notes Payable Convertible on Basis of $0.015 of Debt to 1 Common Share [Member]    
Convertible Debt 25,000 25,000
Convertible Notes Payable Convertible on Basis of $0.05 of Debt to 1 Common Share [Member]    
Convertible Debt 23,490 21,000
Convertible Notes Payable Convertible on Basis of $0.04 of Debt to 1 Common Share [Member]    
Convertible Debt $ 20,000 $ 20,000
XML 41 R29.htm IDEA: XBRL DOCUMENT v3.19.1
Convertible Notes Payable - Schedule of Convertible Notes Payable (Details) (Parenthetical) - $ / shares
Dec. 31, 2018
Dec. 31, 2017
Convertible Notes Payable Convertible on Basis of $0.01 of Debt to 1 Common Share [Member]    
Debt conversion price per share $ 0.01 $ 0.01
Convertible Notes Payable Convertible on Basis of $0.005 of Debt to 1 Common Share [Member]    
Debt conversion price per share 0.005 0.005
Convertible Notes Payable Convertible on Basis of $0.015 of Debt to 1 Common Share [Member]    
Debt conversion price per share 0.015 0.015
Convertible Notes Payable Convertible on Basis of $0.05 of Debt to 1 Common Share [Member]    
Debt conversion price per share 0.05 0.05
Convertible Notes Payable Convertible on Basis of $0.04 of Debt to 1 Common Share [Member]    
Debt conversion price per share 0.04 0.04
Related Party Convertible Notes Payable Convertible on Basis of $0.05 of Debt to 1 Common Share [Member]    
Debt conversion price per share $ 0.05 $ 0.05
XML 42 R30.htm IDEA: XBRL DOCUMENT v3.19.1
Related Party Advance (Details Narrative)
12 Months Ended
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Oct. 23, 2018
USD ($)
$ / shares
Oct. 23, 2018
CAD ($)
Dec. 31, 2008
USD ($)
Related party unpaid balance $ 261      
Related party convertible note payable 490      
Related party transaction      
President [Member]          
Related party advance due     $ 229   $ 561
Related party unpaid balance     261    
Related party convertible note payable     $ 490    
Debt conversion price per share | $ / shares     $ 0.05    
President [Member] | Canadian Currency [Member]          
Related party advance due       $ 300  
XML 43 R31.htm IDEA: XBRL DOCUMENT v3.19.1
Common Stock (Details Narrative) - USD ($)
Mar. 02, 2018
Feb. 16, 2018
Jan. 25, 2018
Jul. 14, 2017
Jan. 21, 2015
Mar. 30, 2006
Jun. 07, 2004
Jun. 14, 2001
Jun. 15, 1998
Dec. 31, 2018
Dec. 31, 2017
Number of common stock shares issued             5,907,000   5,375,000    
Share issued price per share           $ 2.50 $ .00008   $ 0.00008    
Gross proceed from issuance of common stock             $ 472   $ 430    
Common stock conversion basis         Issued and outstanding shares of common stock, on a 10 for 1 basis.            
Common stock, shares issued                   16,757,565 12,257,565
Common stock, shares outstanding                   16,757,565 12,257,565
Number of shares issued in private placement agreement           20,000          
Gross proceeds in private placement agreement           $ 50,000          
Forward stock split ratio               Forward stock split of 5,000:1      
Minimum [Member]                      
Common stock, shares issued         113,020,000            
Common stock, shares outstanding         113,020,000            
Maximum [Member]                      
Common stock, shares issued         11,302,000            
Common stock, shares outstanding         11,302,000            
Convertible Notes Payable One [Member]                      
Convertible notes payable common shares value     $ 25,000 $ 25,000              
Convertible notes payable common shares converted     2,500,000 555,556              
Conversion price per share     $ 0.01 $ 0.045              
Convertible Notes Payable Two [Member]                      
Convertible notes payable common shares value     $ 10,000 $ 20,000              
Convertible notes payable common shares converted     2,000,000 400,000              
Conversion price per share     $ 0.005 $ 0.05              
Private Placement [Member]                      
Number of common stock shares issued 150,000 150,000                  
Share issued price per share $ 0.10 $ 0.10                  
Gross proceed from issuance of common stock $ 15,000 $ 15,000                  
XML 44 R32.htm IDEA: XBRL DOCUMENT v3.19.1
Income Taxes (Details Narrative)
12 Months Ended
Dec. 31, 2018
Income Tax Disclosure [Abstract]  
Tax losses expire term between 2028 and 2039
XML 45 R33.htm IDEA: XBRL DOCUMENT v3.19.1
Income Taxes - Schedule of Income Tax Expense (Details) - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Income Tax Disclosure [Abstract]    
Net income (loss) for the year - as restated $ (53,906) $ (53,273)
Statutory and effective tax rates 27.00% 26.00%
Income taxes expenses (recovery) at the effective rate $ (14,555) $ (13,851)
Effect of change in tax rates (3,417)  
Tax benefit not recognized 17,972 13,851
Income tax expense (recovery) and income tax liability (asset)
XML 46 R34.htm IDEA: XBRL DOCUMENT v3.19.1
Income Taxes - Schedule of Deferred Income Tax Asset (Details) - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Income Tax Disclosure [Abstract]    
Tax loss carried forward $ 395,697 $ 41,791
Deferred tax assets 106,838 88,866
Valuation allowance (106,838) (88,866)
Deferred taxes recognized
XML 47 R35.htm IDEA: XBRL DOCUMENT v3.19.1
Subsequent Events (Details Narrative) - USD ($)
Mar. 13, 2019
Feb. 26, 2019
Mar. 30, 2006
Jun. 07, 2004
Jun. 15, 1998
Number of shares issued in private placement     20,000    
Price per share     $ 2.50 $ .00008 $ 0.00008
Gross proceeds in private placement     $ 50,000    
Subsequent Event [Member]          
Number of shares issued in private placement 600,000 400,000      
Price per share $ 0.05 $ 0.05      
Gross proceeds in private placement $ 30,000 $ 20,000      
EXCEL 48 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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
  •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end XML 49 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 50 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 51 FilingSummary.xml IDEA: XBRL DOCUMENT 3.19.1 html 91 139 1 false 27 0 false 6 false false R1.htm 00000001 - Document - Document and Entity Information Sheet http://madisonexploration.com/role/DocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 00000002 - Statement - Balance Sheets Sheet http://madisonexploration.com/role/BalanceSheets Balance Sheets Statements 2 false false R3.htm 00000003 - Statement - Balance Sheets (Parenthetical) Sheet http://madisonexploration.com/role/BalanceSheetsParenthetical Balance Sheets (Parenthetical) Statements 3 false false R4.htm 00000004 - Statement - Statements of Operations Sheet http://madisonexploration.com/role/StatementsOfOperations Statements of Operations Statements 4 false false R5.htm 00000005 - Statement - Statements of Stockholders' Deficit Sheet http://madisonexploration.com/role/StatementsOfStockholdersDeficit Statements of Stockholders' Deficit Statements 5 false false R6.htm 00000006 - Statement - Statements of Stockholders' Deficit (Parenthetical) Sheet http://madisonexploration.com/role/StatementsOfStockholdersDeficitParenthetical Statements of Stockholders' Deficit (Parenthetical) Statements 6 false false R7.htm 00000007 - Statement - Statements of Cash Flows Sheet http://madisonexploration.com/role/StatementsOfCashFlows Statements of Cash Flows Statements 7 false false R8.htm 00000008 - Disclosure - Nature and Continuance of Operations Sheet http://madisonexploration.com/role/NatureAndContinuanceOfOperations Nature and Continuance of Operations Notes 8 false false R9.htm 00000009 - Disclosure - Summary of Significant Accounting Policies Sheet http://madisonexploration.com/role/SummaryOfSignificantAccountingPolicies Summary of Significant Accounting Policies Notes 9 false false R10.htm 00000010 - Disclosure - License Agreement Sheet http://madisonexploration.com/role/LicenseAgreement License Agreement Notes 10 false false R11.htm 00000011 - Disclosure - Demand Notes and Accrued Interest Payable Notes http://madisonexploration.com/role/DemandNotesAndAccruedInterestPayable Demand Notes and Accrued Interest Payable Notes 11 false false R12.htm 00000012 - Disclosure - Convertible Notes Payable Notes http://madisonexploration.com/role/ConvertibleNotesPayable Convertible Notes Payable Notes 12 false false R13.htm 00000013 - Disclosure - Related Party Advance Sheet http://madisonexploration.com/role/RelatedPartyAdvance Related Party Advance Notes 13 false false R14.htm 00000014 - Disclosure - Common Stock Sheet http://madisonexploration.com/role/CommonStock Common Stock Notes 14 false false R15.htm 00000015 - Disclosure - Income Taxes Sheet http://madisonexploration.com/role/IncomeTaxes Income Taxes Notes 15 false false R16.htm 00000016 - Disclosure - Subsequent Events Sheet http://madisonexploration.com/role/SubsequentEvents Subsequent Events Notes 16 false false R17.htm 00000017 - Disclosure - Summary of Significant Accounting Policies (Policies) Sheet http://madisonexploration.com/role/SummaryOfSignificantAccountingPoliciesPolicies Summary of Significant Accounting Policies (Policies) Policies http://madisonexploration.com/role/SummaryOfSignificantAccountingPolicies 17 false false R18.htm 00000018 - Disclosure - Demand Notes and Accrued Interest Payable (Tables) Notes http://madisonexploration.com/role/DemandNotesAndAccruedInterestPayableTables Demand Notes and Accrued Interest Payable (Tables) Tables http://madisonexploration.com/role/DemandNotesAndAccruedInterestPayable 18 false false R19.htm 00000019 - Disclosure - Convertible Notes Payable (Tables) Notes http://madisonexploration.com/role/ConvertibleNotesPayableTables Convertible Notes Payable (Tables) Tables http://madisonexploration.com/role/ConvertibleNotesPayable 19 false false R20.htm 00000020 - Disclosure - Income Taxes (Tables) Sheet http://madisonexploration.com/role/IncomeTaxesTables Income Taxes (Tables) Tables http://madisonexploration.com/role/IncomeTaxes 20 false false R21.htm 00000021 - Disclosure - Nature and Continuance of Operations (Details Narrative) Sheet http://madisonexploration.com/role/NatureAndContinuanceOfOperationsDetailsNarrative Nature and Continuance of Operations (Details Narrative) Details http://madisonexploration.com/role/NatureAndContinuanceOfOperations 21 false false R22.htm 00000022 - Disclosure - Summary of Significant Accounting Policies (Details Narrative) Sheet http://madisonexploration.com/role/SummaryOfSignificantAccountingPoliciesDetailsNarrative Summary of Significant Accounting Policies (Details Narrative) Details http://madisonexploration.com/role/SummaryOfSignificantAccountingPoliciesPolicies 22 false false R23.htm 00000023 - Disclosure - License Agreement (Details Narrative) Sheet http://madisonexploration.com/role/LicenseAgreementDetailsNarrative License Agreement (Details Narrative) Details http://madisonexploration.com/role/LicenseAgreement 23 false false R24.htm 00000024 - Disclosure - Demand Notes and Accrued Interest Payable (Details Narrative) Notes http://madisonexploration.com/role/DemandNotesAndAccruedInterestPayableDetailsNarrative Demand Notes and Accrued Interest Payable (Details Narrative) Details http://madisonexploration.com/role/DemandNotesAndAccruedInterestPayableTables 24 false false R25.htm 00000025 - Disclosure - Demand Notes and Accrued Interest Payable - Schedule of Notes Payable (Details) Notes http://madisonexploration.com/role/DemandNotesAndAccruedInterestPayable-ScheduleOfNotesPayableDetails Demand Notes and Accrued Interest Payable - Schedule of Notes Payable (Details) Details 25 false false R26.htm 00000026 - Disclosure - Demand Notes and Accrued Interest Payable - Schedule of Notes Payable (Details) (Parenthetical) Notes http://madisonexploration.com/role/DemandNotesAndAccruedInterestPayable-ScheduleOfNotesPayableDetailsParenthetical Demand Notes and Accrued Interest Payable - Schedule of Notes Payable (Details) (Parenthetical) Details 26 false false R27.htm 00000027 - Disclosure - Convertible Notes Payable (Details Narrative) Notes http://madisonexploration.com/role/ConvertibleNotesPayableDetailsNarrative Convertible Notes Payable (Details Narrative) Details http://madisonexploration.com/role/ConvertibleNotesPayableTables 27 false false R28.htm 00000028 - Disclosure - Convertible Notes Payable - Schedule of Convertible Notes Payable (Details) Notes http://madisonexploration.com/role/ConvertibleNotesPayable-ScheduleOfConvertibleNotesPayableDetails Convertible Notes Payable - Schedule of Convertible Notes Payable (Details) Details 28 false false R29.htm 00000029 - Disclosure - Convertible Notes Payable - Schedule of Convertible Notes Payable (Details) (Parenthetical) Notes http://madisonexploration.com/role/ConvertibleNotesPayable-ScheduleOfConvertibleNotesPayableDetailsParenthetical Convertible Notes Payable - Schedule of Convertible Notes Payable (Details) (Parenthetical) Details 29 false false R30.htm 00000030 - Disclosure - Related Party Advance (Details Narrative) Sheet http://madisonexploration.com/role/RelatedPartyAdvanceDetailsNarrative Related Party Advance (Details Narrative) Details http://madisonexploration.com/role/RelatedPartyAdvance 30 false false R31.htm 00000031 - Disclosure - Common Stock (Details Narrative) Sheet http://madisonexploration.com/role/CommonStockDetailsNarrative Common Stock (Details Narrative) Details http://madisonexploration.com/role/CommonStock 31 false false R32.htm 00000032 - Disclosure - Income Taxes (Details Narrative) Sheet http://madisonexploration.com/role/IncomeTaxesDetailsNarrative Income Taxes (Details Narrative) Details http://madisonexploration.com/role/IncomeTaxesTables 32 false false R33.htm 00000033 - Disclosure - Income Taxes - Schedule of Income Tax Expense (Details) Sheet http://madisonexploration.com/role/IncomeTaxes-ScheduleOfIncomeTaxExpenseDetails Income Taxes - Schedule of Income Tax Expense (Details) Details 33 false false R34.htm 00000034 - Disclosure - Income Taxes - Schedule of Deferred Income Tax Asset (Details) Sheet http://madisonexploration.com/role/IncomeTaxes-ScheduleOfDeferredIncomeTaxAssetDetails Income Taxes - Schedule of Deferred Income Tax Asset (Details) Details 34 false false R35.htm 00000035 - Disclosure - Subsequent Events (Details Narrative) Sheet http://madisonexploration.com/role/SubsequentEventsDetailsNarrative Subsequent Events (Details Narrative) Details http://madisonexploration.com/role/SubsequentEvents 35 false false All Reports Book All Reports mdex-20181231.xml mdex-20181231.xsd mdex-20181231_cal.xml mdex-20181231_def.xml mdex-20181231_lab.xml mdex-20181231_pre.xml http://fasb.org/srt/2018-01-31 http://xbrl.sec.gov/dei/2018-01-31 http://fasb.org/us-gaap/2018-01-31 true true ZIP 53 0001493152-19-004426-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001493152-19-004426-xbrl.zip M4$L#!!0 ( '1C@4[%^72^P%0 ([) P 1 ;61E>"TR,#$X,3(S,2YX M;6SM?6F3VSBRX/>-V/_ ]>M^84>HRKH/>[HWRD?-UHS;Y7!5S_&^=% D)&%, MD1H>5=;\^LU, "0H43?'[P]7-P_N[NQ?&__WU?_\O _[YT_^YNC)N.7/L-\8'S[JZ M6^.S.65OC#\SE_EFZ/EOC;^93H3?>+?<8;[QWIO.'!8R^$',],9H7S>[ MIG%UM<6X?V.N[?F_?[V+QYV$X>S-Z]?/S\_7KO=D/GO^M^#:\K8;[L&+?(O% M8_WVX>,_C)^;'XQFO=%O-%L-HU'_JW'[3^/#[>?K[R-8S \!_ M>:&M\[EU[?GCU\UZO?'Z'[]]>K F;&I><3<(3==B+]1;#G>_9;W7& P&K^E7 M]>C2DSBYFJ/U&G\>FD$R,@*XYODE2.!7.XQ?T!_NO!8_IA[EF8]VQ:-<"9EV/O:?7\,-KW,"K>N.JU5"/^VRT$N3N:_A5/<@#K]UL]-:M3SRA7HB" MJ[%ISN(71F8PI(?E#QG P"^^Y[ @\QWZ)>,EUW/=:)H-EQWZK\/YC+V&AZ[@ M*>9S*WYO\TOI%P &_#H;.OHE SK+B]S0GV=OB?P17^NE7PO\<'D:^#)C!CR= M\;-3TX9M<-GWF>,!HP$^ H=^^EH=W!?J'"+MO@GHA'QE(X/(_LV$B&%JL^]7 MZH7K[X']0OZ,2_SE1<"14;TP7JNAQ+FT/#=DWT.#V[^\N GN1S! ]ZK1O$KF MC!]E;LC#>?QM_#VW\9<1!VY(D+'4]BB;P=9Z=@84=$K#7Y,%Q%/(7Q;'3XVDOI3X6(VD6]^;JLVL-T*//I\C MP@ I?H@7P*_)_-&0]-YX>B@;4X^,'HX2L+3>XR^Z/INZ#U!#\4(60O_L(I M0%[)?UA1$'I3N A<4(!#/G389R]D7\RY"1^U;^_==V; X=T/GN.8_O\PW_OB M<3?$#[?\B<$/;!@^>OS_6ML<+OO!MS].65AETB\3D7MI<'F,N$C=7F7X'RBK!S M)>Q;7M'T\6AZ&=L5.>]%SIY_&<2ZCEC2*ZT(90M+044<%ZF09WDSY8ZC;2.0 MQHV;\",?3\(OS ?AGQF3D5 MJ6S 0G4[[7P[57150KHJTPU5$4BY">0$ZG45[U7%>Y4CW+F*>ZWB7L^4$ %] M%1T6A+B*#*NB+C]J49>S(\"JJ,ME%74Y @'6E<:J,E^_@#I&6W@9-/.5.:!: MVE],/YP_^J8;F!9&6@;OYOHOZ?S7!12U5M7S3ZR%?&Y53_CA%6UG)U.G%IWD2?N M3'&KBYBB!'QW!@,^C0'"+;QY\[9XCE9S@YX3M9= MW*$_6]RJH[V,I&/URJDB]\\D[4E@5?UNR^-L+HZ\J>JZ$T7/G06-K M0L/)T1<\1,/ \OF0V9=!3!L*O1)=9:_\U/;'IZ4SZY8R$;I"*7\G2].49(S3J64;4K*5F[DO-D)149E8R, M2L!B*OFT%/+I>3&4BFA*030E8!]5[Z/2]#XZ+Q92$4YI"*T M+JCW#"J!W.:F/W\P@3I&9+%>S W-6OBI]8/6'OH!;6C!?*PBFA(138I]I':_ M*/;15"W/Q.=N10GEH(1%]M'_. MELZW8!WSN M5%GEYCEX>&G M=1_3$Z&7S*M*I>[CDC@:!B_5-Y&=DE,19D68I2BGBL1?OVJVJG*J)2RGJC;G ME 00JYBF:]K<=-]'OL]<:UZ1Q];DL0M -\^F;R]JN)FHOU2RE!+S $WV3>&- M$Y\3QPJZ(-B_(PQQ?+H83K6PJ(0&5CQ0 NN&W*/=U "YF86J 17!E(9@THJV MOO-%L8V6+"HG/[XI^I=9UP/R6NC[>?YO?+W$]]79>TGY'+ MQ6;^_O!A:;^FS PBG_W* Z_=;/3>P#-J,/53>@H<;<7X(I-RY1027_30WG, M?%]6S&/S)R"49=SBNY^C*?/-T,O0(W? P2*,6:-JDWY@KC?E[J9I-^-E<=ZL M@=7O*2QL@5!92LXV\;N9)73I#4N=M[@O-= MU]'[L\.4.4'9/QF48HZ;*)QX/O\/L[?#X0K(.G7Y3R9TBU,="-4RSHX#U5T0 M1 ?BJ=%L=GJ=;F<-0&*6 X#9&CV-;J]P8%;+H9O!:[3JS0V[ER]\*;EJ:_@. M!^\^"E'$L+D[+IJZM*D.!2M/.LL1K((IKBA(]-8!^9N&=:WE3]LD+@A1D MJXM3I&\H':#ZBU^O.JU!O9L DYI@Y]FSBL6N+N"V -?W@+]QN?/+B]"/V OC M=:ZSKZ_Y=$Q(5E1ZV+!)S5ZKR$U:7\DF;_3L5A;RF+,?ETQV+T1U3%SL1ZC% MKQI;G_N#9U%)!#1V;CUGHW[U5S&\_GK6L%_(M/%1F*2W'E^//%HYFC[= M#?QJXQ.WCCG>>IH1[!03,Z0&T$<6GN7PE@>6Z?R3F?ZN:[G2%[)JM&5JN.4. M\]_#3V//GV\]V6?/O3(MBSEHRP YE4;1"2$U[.()("XW\1R;^8&HD),E;'2W M(?U6MS]H:7+:\M#[3;[5N6OU>LUZ/__)N[O>#2FP2-(J'JB=KHP4@.UV5Y<# MBP)P'S[>;K;[K5YAY+3OCJ*65#Q0^^]HO]]M%W<(#]O17K_1*)#:66I-TS&JU?EOQ4'"[ +K'#2*(.2]A-P49*VTDE\4ZO94TNJ-;F&P;;K_ MNPULWK=Y0;5+OJX')$_&)6\P-V"U3H<_[ M"A6M5@7W##3 MN"C,7(X@E2M6+DB0J@-BVEM7'3P?^6.[E>TN69U\8=LV-#F;2V[;5AWGSP="FDD/'7 BY;(4Q\T/D M%*3?Y#+B==^PBT:S51]HVE_&T'O. MOG!=ZV_=A!_Y>!+*=-H[>!5V//P*E]4VWO)F;] K N!>40#73P$PWMG[P=OJ M=NN%P+N6(@Z MU-O#(Z.W\=GYNP/<7=0/SJ&#X*XW^TW"X1X X_JM@?]G69? MH?8]/WYS LP;=O3D^C MW>QH]]A6<^4&X%8ANLU^XU3P;<-GFIUV:T_XD@2N]_"4;SIWKLV^_Y5MGQFF M5V):.5IV6-6&Y/-=LJ+6)Z%KU+4Q\WR7>@<'@;94"2$?T';A^5M70]BEL$"B MU9%A+8N01%F!.A&2+#'PXE=9 0/&-SQMB:+FD>&-8""_#R:%0O^IW_3P%9*M>'BAO>0: @ZT S+:,ZAJ' M?J?O:![:4RW72G=EF'/[J\RYJX ^P5*W59#7KW2EX;I$*]U>45V[UD;S=&M= M<^PNC8"W7NK9$_#6*RT- >M@'=-&NY RI(^[*XA%666/!>+^=LUFJU]?8=?, M=9\/@+!9[^0$86&VUASWN3#KZ@XPJI%/YW]I]E+NC&R ]@>[N/-^.K#W/V&- M9D^W?.<-=4%\H=$>P44_Y98Z*[8/@;J6\,]O!O3)NY7.$$]Z/ M1!F!Y)$]$K1%*>-%R6:P2JS9!HB4%JR>6N'T>&!AZ+!ME9&-<#>E[KO=K#D! MFM6^LQA XSV)V*-W/QJ!AN\'6*LXJ2PA2>G&M3][KK62TNN+QK>U85:+[O*N M'D.Y&RSY+V6WB+$E^6AP1DN)0T:SVZTE"\7ZX4ONGMP6NJ(OVLW4B^#XWX^T M[_9T3F[R\AP(P1:10IL@0+:8V&OE\65VP@8%+(T5T\.L+3G] 5D5ZX74;4$\ M[=)6Q#FOC]4ZQ=)DMW;%YO>/32_?KNV^M.UVK7&D7=.K#A1XXE95QL=_NCLL M,P5N&1:;M9LK%MNN[[BG!2\VGU.YJH!-Y^Q7N\/6-A?[.QRVVB^^9S%F!P@Z M/F*Z%KL?+19RR5BE*#+4[.,JLPL.K:_.M-W$N8&[1S/2'6ZZ$RQFQQ:).P09 M[;>8Y<)Y2.#T[/W&;IK\=CD$937;>CE@S,FV1..7>/DNXTL4U$&'"F-=J6I]@"S M1&M!:UYGAB7F5; U,%/-6N*@JXT[1=O]]H%/+S8NBG0+Q]4M?+>U?>G7VW^F MRY8OC;1E.*&X8?)*!SDDU&A1\#D,X-21.2CS!,298C/-0+B5Q^Y0.$^ZZ/TS MS9KM=OLB4'!8A.U10WH!GE(:7E MMK< SRD6M^>MT.Q^WJ.^=P1S7%_#> M/-%.-H7/[)E^RK(=R*KR9-+-J#"_2M =U'O;FPCB^7.".BX\WPJ]S"+TJZ!N M]3JG@UJ%S.CA,[N4J5^5%];9P5A3S)J:*@MKYU+VA:XIVP2O,93=CT-&<:)> M>WAF73,G:2W,U$ MC9^SC-3Q2+FJ..)8'N.B[VQQT>\(]I+O@OO,"A_-[RRX<6V9I0AR0[!G#YZE M;-!=@DI6PW)LL#>EC^YP$DJXJHQTTUW"FC8O*,G)?X!1G'=1 )+Y]CW5?T7A M7,_L3XVR/,G'*?/'<"+^['O/X01.VLQTMR\FH#7.73-G%]TM#JP9E"Z:$9JR)WG MVV:=G501C+7SP9GC(?O$GS#J)MW&ZS/;OTA2N@7;^DD.!VG/&-^,]F@[K+'9 MJ+>7=G7[*?;=QZ49+(M"DI7KWK7A&U@O<$!SR!VZ9@\DWW:GI9<'W&'&G('= M!F?M?J,[R 58BF'7XL /1V1S*:TA<_C# -GS,.P\R?X9$?MA0=NPO?GPH-]L M:\2A#;GC;%O=-KU&5V_YNV:V%>;=5:K2#DM>Z$Z]>:)\0-O*-;'0<'AWV+2? M4F:[&0ZS"Y5LK/FU\T1[U,1;/\ER@DK:K@QL+9I&=(X^L!&W^-Y<:JEM^.:I M\@%NJZ;'BQV7=P=..X=P'2R'8N8D$&R:)@^P=A,SN<*&$-H*-LR= Z@;@Z+6@MK9&]0[U_*F[),7D-GP M/0#&W0C>OY_!7A%S?L=&'K:^QN?( O'Q>^B;G@];9OKSNY!- TQVA#=]SW'@ M5154FX>+'_AUKZ2&7SN;M0;>GW-LR8 X [ MAV>V4SC;%4 ?*/:+[XTR,U%V#PGJ#S0=2!M\QWEW1@)A>-==A4.U\JCJ-QCY0?65/S(V8XF>^:85_Y^'D M/5G4F0^KU4YML^7>3MD_-LV8!X0YU.7XS$*L M)PY7UQ.WF?UN_GN CHI8#KJQX"K/C5"O6DT0^K2Z<%O/GB_<.XO>C?J@UR\0 M;G06NU;N^&XUFZFV+%M/GB_8.=!I=NU[X<5=/#JY4&JOI>WW+K/G#?FAM'H( M[$G=-6XO>BOSJTZTQ2PY4)"F!A>]G&TFRN-,)";V@[I@4,."3,M]=L>++:;= MKL]/;YMIM=83BRZ%#0T3!DNU,#:V1=ANLF70_LX]F^> Y*0Z<]ON.'#_,IFGH_7VT-H MACM$#OZ3!2G,9HZ6$=4T 30<'&>DC[(\QY=HZ'#KUO',%3Z<>G=3-95&O=.O M8\)FYJA9MT$N?6RVN3!S:4BS::*/HQ'#VS^Q,V)MA:\,9K! &B=+Y$UXRVPT M$M%>AYX_3SV\.R->6V6\J9L5?R.L7W&WV!7_[OKP^MCE_R$SP3OF MLA$/ W5QW[LI&W-N&E6C-] CX_> HJ"%["J3-5K]3B/7A<1/R-_E&+F(OHTV MU;#8,-4!$.TNTJ;Q=QA$69Z2&_M?41!BJ"YV!1\QN*%P9RA(39D5MKZ$]I47 M"P0SEPJ>Z?F"6-M%%Q3=+B-1,&KOB*8V''@]FFK[&7,&=BO=>M#IZO77\X26 MW G[!TGUN]TU<-'@^X.P79YVM]_J'PP#BBKBNG(<[QFS6XK"R?),.0&7"[;V M@&ZW<.>=SWZ^HDM9LL;S+WC M6O,!?Z'Z76X->-?6^LOLO[HM)+E6^TM!DIF0_2X*/WNA[)"8BX5=SV9;,]E! M4.4@3NBYBWIY\KRJ0:8JU:^;[%# C1)S?VJKUWT[X=F8$X=QAO[R8FI@X]\:H MS\(7_ST.W^*/KV?TZ;\:+?DO_841S/+&:,#SKUW/!]P8CWS* N,S>S:^>E/3 MK8DO:L8#\_GHK1'/\-9 \*Y,AX_A3]0]^&@>3SK$#X@XHV'@WQ']3:ND9J]2 M@T%YA8#R1D:R=H(ZBN$?%KP2^E^#NYDKDE]R%^_&-\85/"<6:4YG;_\+&'SA MD-6O.RM@(T >)\Q0EM!G,S XJ(S^S/.1.0G4NL9?(A&&]B9,1A2K[#<;O;=(D:(5KTB_QFHD,S)F.G,C]$T; MK@-/C'S_^-YX%SD.@RTVWGF@UEP7C:1F_[K5F85KB+(L^W4/VV$"Y?MSH]FH M&7"485],&.-?G@\:NCH-JS8AT +9#7,V\[TG[)^,["+P'&[3"3+D 'SO[LH$ MANRP7,.Q?#:<(_]$7R".L6EXPQ))+<8(>)?1:+1J]68=JT,;H0=_UEKU)OYU M;0#]!LP8"6\Q/!\@65+S(X)AS)^8X;/0]TPR7!J,3)@X2CC!1M,4?5/15PQ( M;.(U/C"+9'FC)>BL6R-8-,HR;-A"ST$*XF%@/ -=P6'VGEWX(@")C]L*GHLEE_2P_$?S?>OB*B 4@FB*!. [1BXW"03@Q M0S&@(/5G5G&'!)#?9R YA!R.#170P&UKT_DC0-)\GG Z5*G]<)JGG*)M#?9] MYGCB+KTV@-_\9@*OZ=>2P>+]']$*T-8,&V:8JEH!4((X\#P$'N_#&0L8;2>3 MIQ(^>G!:,7WAF8<38!O!U/O&'*HQ8+JN.82C:3,'R!#X7# /X$C348]GGCGP M&+P.Y]AF3\SQ9N(\BV>IP3LR)^834P @9E[ EJ.HFO!H]KZNM9!H:T.T >Z M&* +5U!1GWXW/;!9*+@&\ O!-9;(CY$F"SS#A=T#NF'?+0?($%B.C1'>?!C1 M)01WDQT!JW9$A0I] Y!F'J/1:&Y\,:UO .VG3^^)%-3[3+T=B%D4"+]CQKQM M_!7N&1ON%>0R[9;AD<:.D:IP=DSD81\CWYLQ$UM6P7GR.9*.3GY(:8SR&N". M@_\"#BP#?F$.LD%N381\ Y.S*;(Z M#6SKP<-(B%=_001;S'CY^>XOKXQ/2.S&W=W=#;P"EVD(E]N_(^Z+*R\%9.K> MQ_."HWF)E$P'$1 0F$#Q!H76L_$6I^@Y,X UT+K3^ U;EHJ BSR+7:XK2F3Z0)GVPQ@FFXGGN5D!6)(=4YU<_I M;R:P912DI 2YN!U"+A+WN@NH%7+8;R:<,#B:'Y,; D"@ZQS0KGY]9-;$]1QO MS-5=CP0@!"\F](- Y4,G0F>U/[I.MDZFG9A(TXPABV0S4[!2P[1 <;/)64#\ M<2QR9X"9P2_(E6UZ!,4#.*4S'\XYG^')!RT 6"R%N-/9&7LRZ,EB/JQ#LC.2 MQ0(2OY;$P&<.3& (!U*.,64L),KQ0+\;2X.$9 *HMC/Q8V*LP.N:* T08H34 MW-4 Q2*< *_XRE#"$'K)$P:8!(!,0:0P)8J9H#A(MFWS$3&94)"K)>-2U'O M)9 AN4I-78%DP_: @83&.*TOF+&'5$/#LQX]C)TAA%/EVY\+PWQ Q^6EI";2,5)[WJX,7W//**.?VJ4QK,I2AJ\,C-<5X@=^8$GD[I$D[G(A1*>:Y.8!\4+( MUGP\ 4'2X8 E%*M5?\U &:JFR-?QHB$;.5:,%X*J 5<-68[D#18"A"3%R.*Y M>'L-V=(6D"YLAFFC5+; 9G,AL)'X3] OC(4W+KYV;;Q$5Z(1"RZ-M\9/+G=> M52I6#(CURI!)S,97$3"+=W2%GZQ3$D<4HP&&<"94'Y0(R7-$"> H.RF1KP;B ML&?3F0AD3CX9Q*0Q55AID+:5==B7ZJ&#+%R)R!SGPRP5$++F0B@[@KEU V)* MLT/V*X-2B*[>D74=-XNY@7E$,BX7/AY3?@F,9A1&QC$PHV]H#BM\@^/W.MJO1)6_ MI9W@"9[(NT7SO<8)\0>T?:!R2R:QJR%NIK# :<.00@5XX:JP@L&F,\>;,V5) M\V924\<(,9^3&"2]L@M/JA,GAA3F7?H!G<',$CDD16D8.X5.*8$"N 8L 05L484W$ M'Z0MJ@L,H]FMUS+9@2J8E@R4R0&NY3:Z:*ZAK3->.O&V20""F W0-F/\!'_B M=/J7WXN-$<(RE81EJ%@/>!W/Y+,LGPGHPAXSN2"(RA"F+>A:( M2YL2O*]C ERW"AG2,_-"X5L#UH$^V8"I&!-AMA%\3[/&ZI(W&66$>0!8%#KI MT&],]AJT_EW9" ?(%47RCC,@[]$KHFZ?@5Q&;B_)%*KS+P&Y6W:2J'--H,BS MW:ROO.DS<4N_UO3[W4H]*H\&Z9IHM@;"UTX,13^1,7QL9%@4FV]1!)\;.$(Z6%X(?,3R;=-H:J#@@ \I&_2\!#=^60AT M_,KX77#&C_#EU S9L4PT9X R-C[(:,6" RFMBZ)89.RKCBBTI^(\0M3 M*C8E99%DZDR?) UF64)\P578/+#@?(%.C$8D!^3K:#P17LU%.'P*@1 !M@G4 M*2XRQ$JBWUSOV6'VF$C0DLD_J/''\ZN%)(+4U)P;I%2%&+:A5D .+1'J B]% ML!0 ,W+"0#SO"-!BCZW@520.**A3WJ4A*' 1R!86+(RI7I((T$5QYD ,GEE MW*+^)6HR_ 8HBF204&4=D-:!C,N_WUPAV*_ I53$XI.H20&:;& H'3];OL4Q M,& I\U=YAHAYX:6.(X6Z:DU1USYV"O-%.!K&.AF/Z&35>![)\J9OX^&!D\*# M"3(& W5U!^UR(RXLH,16D\'IU(OX+-^.'P8! T,9T/MN MZF-,.+!8WYK,Y7&- F'_D\$00B\1H<%D,">^+7@\/0H\!4&)&)>+,28("];\(\LK"FO(=LU$#".%%[;?!WPX M4IX3_![&#I_10B,B_PQTHG.X/\V8.L5UIN^*#>SYVO@[6HAM)F)E,ZU"VI80 M96=&P]2TD,IXX])6)P6'3HUAIJ.'M%$A ,!!0U+VX.:CD "L@(*1BW*=@! Q M;RH@0<3E2.S$^2[B%&8%HH<@")Q=CE6'%_@ MC+%*A&=P@7#D1!F$LXP2?%WYEAUB9/-:L"O7A02$@VR213RXK]+H MY6./0GD?,=_'^$ *=WS"V&)GKG*',F,D*QE0 I((+:?'28FMZJMB_=+JI/5R6 B%3:L'IR^S%S,!\Y\C*N6#B)<3\1:IF/6!+_R M65J$0'.6X+"8T?==:D<:GQHRRXQBHRM'ZRRHG%=X,QLN1:H=2W4JUPGYD%BU M56@0X!2C)Y:3W51(/-W%FJB(86ISM*^++>"A^C6):[:2#'?*8KLVOL2L+"VH M"#T=WQ'C$A32B#XRK3 )D82-GF+ZG3^7%+7H2B.[!TGC;D)9>/=ZKA2<:T(B M41@0>K0 FFR ^(-T0TAG?1!QBLT5H:H"]-##/$UY'XYD7+5^6C#2F.#"^]\B MHI;N?Z8:-L5 R?!0+@0US\58'&_,+7D(ET#$&1";*5S$03>8GT*^'&D238>. MHCA\A:8BF6J*IXZ>-Z=8/O(_,C<5]MVG??/J4 BFN2BH"@V^W5NAP5-I"3(%OH^[;0M)4A1L MN9 MUJ/;6$!U^DY&C /;6HQD,.*@ N&^6)$65NW5LMJ4\DBM=,?)?#J568Q;MIA, M9TPQ+D5ZB31W$#J?T'T$2.?2*C0HIY;U! M<_[KE0Q1,*C4[P]Y,>AVO+1*ED3+A8@=Z06(3>6Z_7DN=&J3[,!)NGT@-:8X M=!PITY:U+ T8=55F)\Y/E$TYD9)090)@*'IU!3 %)LI.2.)AI<4>58N MU[4&#%UPP_EA'A *(]]%UX:K'*HJTF0%-"('4\&MDA8E?,(*"U#":"[(FBJ) M4\BD<8HGCNF8SP2%'SNGE76^%.&?9:'>#Q%3LGK"XS!P<6SZ<53>RIU/9Y1* M;T'BFJ>-&,KBX"K95D;K)%0VBE#ZP=O1?ZKV1@/D&W!70#KW%9E_\MSQU2?T MOA$H-Z+4384O%7F7("N),W,09TZ,,\$O$Y>6=!E:CLFGR'M\IG,]2CY1O,?7 MV8S%?2N:HK_;HB]LS+9GB=T,J52,3/*2Z0RM"GZ5@(FN#I MXXAD9M.5)M5TPK^TKU&\(3K9YS*%'9VNU)U$7!DTJ'I3=W&;F(PXU MD;S6<_D$Q_ ;D*P#$J:%\R5RB<4N\EW-\R7C)RC, M!LNQ.2KV(X[=L##5B*!:67>]9JUJYHF(EU1-[ M;[HF_.4F#.E1!>$L:W6I*BK"A*373F$I:E$Q)W&$K4XM0B&108OEU^PT<*I&F/X.&V,Z M->DITXH"41F<0 1H,\VGAR*']IC0%%,I$HJZT5PA23]66$E(TA*9M)N$8N0L M'E8G( 9DBF8?$'U%%%*EABPF ,6HT>X35[O%!"6BPY2/N)D\6!-I[IB?;JM4 MNMB!0%&86*A(U)R,=6QLBP;7DA4KVK4D##^)61XJ'%F5@3:S*28[X&$?<7]H=' >9>S(/XDR&1,NL M\8"-(D?,&$Q0CY.Z63*M*+N+9A3]8?*2"IACI1+U7HQ8C*?(W*4@<5;)\EEB M*L&6!1!#)2)@? 19:IXX>Y91XCS6%&'\1(F4UEP\* RWF4!Z=!:Y2OA.,M,'B MG,\+>1$R),LQ0UE_<,^:H_IM*I(/"V:M+L'M9I=ZS"[-C>Q*@0A-%!=%9!BT\%*F!QKF"D,M$(F4[P1M2786&-"@EM?M%9KK@*Z"**]E)Q"]$ M%M98133@"T%Z*&9:$S&SK$\N'U*V'@V>(YHC#TX $=5G+=B78&9BYA&VNJ*_ M9Q@X*_]. ]N8A<9[F&WH\YKQ_[!V,VRF"1":;G EP7SF=CC!A=5_?FL,*-RLG9_]GU%8"R6 M@[J:4"D4!*KW$JARU&(ZU+$(IN*;OZ;^"K$N?#.3%@:2%E3QI[3,O@L1O!;&,OVK MTMRBQS(RK*KQ3X#H=?XI\?LG$-,ZHH$:XE[(SIY?,QQF/LE4\.)%T M^JF&.%EM<&3<8JCWPDGOCW#Q2.N>I]J^8)$+RG$3BK!H72 [R"^TUA&&8%5B M@&RKZWOKR/[ *]70E++Z@0'V;&J0>N/:-R(-4C4Z_B)91]GUU@P5M9VHJ&*) ME!HCO'ARE89:IB'7>635=0-I+B:/]:Z[I8[OG9#=",MQ4T(1@2+OGFOC(T;O MRL1 M&=CL12I_*G[R<-"%;A3Y4_2/P\=;>B%H3==)XT=+G@=, (L![#G_O*B M&:-*+ED #@MP3.N;T;@&LC>H2U5ZSRRRG!0B3L6\9.EV7^ ,VTN"%:YWQ77O M*+C>2;LYOR-U4G@N8$5[D >P;CA+8]\#V?!*%3)___[CQ]O;+6QFG?;/A1PS MDHK473MD(C0Y*7<1&OV?=SQEZK9:#>_NUKPU@QUD'=MO:4V\AW4V2$79BS$P MD;)>[AVHMK.4VYD3BWJ>\)"M8U!2MKURV$@BHAA3UF(IGI#JC,M.#L<4N#:+ M2,>8XT@$VZOU!KUSDFE_Q$WJ%+Q)QY-V*M(Y+NETFM7Y+O\FU<_C?&\4%O:=_2878N)9@]5.+?(*O MSO!^.)+DU:S5.X,S1,_9(+A5Z]>+1'"E)5<"VL%8;S1K@^ZN9ITR'.(?;)-Z M@W[Y64FE)9>.=%J=6KUQCM?\#[5)W5JW7FG)91GAY*I@>4=\=KH[E,KX-!4Z=7^//5 M%CW]GP*]<7C#_$#.4HZ=&=1]8+W6G-/4?7@ M- 4.TE"6L S?#15RSZ[@(HM_4'EJN/XS.J;&Q0T>GSWY%5U6\DE5TB^8F-BL MS,[L<[V4\RP:P*H!"83M!I75]L2PHLB(6L^U<2/J);.DW'9\Q.2YJZVLRD P MR,H,5&[/A\^B,U RI(X= M#RIE.LDHQUXU4U?.SZXS-5AP:_$17EJ8,ZE2#B MHQ&C@OQ:\UDJK?^&H/BI?EUO"$T+IFC$DR R:@;^6N\L__(6?VFL^B'[#40! M_MC6?R08Z &!"%E?5.M"3 "+6BU4C!3^ O0BK@+<(#$Z5$;@@DMMZ/(WB ;KI)8=3UM5 MHR%'"/M5R8U+VLZ&J(!\G/W,B5?MZWK-F3N!#I0+>RK##7BTV)TJSK+0.,NB M$7P\:>-($D9UALL6REO>$2X$P9=U"U<'>/><\7:A 7;E'>%("&ZY^HT5_0G;#9([5$9 MAC3XX7S9:[Y!^C9>4GA-]_BUL7ZDZ^%E;FSB$"BJ/3[O_(]3*/(B^V.)JU @ M#_<%U^$L* =E5:D!ZX65"](CJJTNF=2TF 62'6^W.H@XZ4F^(FIY,;CYJY![ MOJ#8\^B;;F!:&'L97$C )8K-6BIQHWH34_0'+V;6R^)=XP[MXEOTTLH M833TG6LTZW41_6Q\\5G $7[#%.BT"1R]L^%/G6X#A&N]OZ@7A4GP/C8!A\<\ M#*86O;E%V.Q"ATN3@K#OK=##@+1F2^7]4.A_MR'>B<$10=D2),,T1I%/X__4 M; Z,E^]O/F MV_HK@T*0X4K&H%B,-IX!E;/08-]GS+5Y",0/T-R[2_.FFS>F M>[/KMSS!X>H5BJCS>AIU0U0WID,1+(T_86"W!#Z(8WW'8Y^-@7X-EY;OM2KV_3J+V>W Q189X ,N7(28!Q__'?%PCHSC M'-G?F@CJ%$_LZ4D@M/F$@R.SPBV@+2'[NX][LV9P @(&SM/,82'QG9G/G_#, MSD"*8:KEQ9A- \B. MWM?&3:#B_BF5 N>FSQP-'#//EVUGY=24?1#G&/ @B%CQ?37/I^,O[/4M&_J1 MZ<^-1G=5W^93[C2EC/NG M>JRCL++P?!-[=NO4$4<")Q1!N5ZPB>*JC5,A:601898]1 M ^>\';?<+G3C.YU.K=/I+FQ.N[/EOC>S]AV&;6?N>;7EFXZ[D"WAT)LPQK\\ M'Z1 _2)5]SN!WF\V>F\#P;VEW&B8,V#/3W0'P'Z0P=344Q@%KZ4MU?/OLJ^$ MFNC?+K@_@=$0[=MERBDH##:S? 9?28UAW?"&9;@VD*)%)J#6B%S!(',D'T\O$9$6Z5 1#H=7?1;Z'@KA3PQ. M%0)F.@Y\2YF;FE[C1B3< P8D+N12X$E'I$TNSE51\+(PVJKCWM2[R]+H@FZZ M+*"8H%>*3\^2MG0%4.Z&))BO;!PYM E7#_%^N: N6Q/3'4N>)Z2=:^/E3\WK M3IV B+E/\94.SFKS_A+!;=&CK6LO;YW$?:U_C]JQ,OLW3X%C=\O;&,<(V) R4_F[XM1?0 >!J)\G2=OVE4 M5+R,5;@[&X-!ACYL1N$$+M3_R/LIINI6K[.@%O$P2*M&V03?JI^6X,]GN4WMW*K);M52 TA>9WK%Z!)OFYK/,A#%HDNU()C><) M!X%'5,\8,C+5DZQ*3Z#T.5="L1!CL30ME+934R= #05.^!-H+7AVI=MB6 M[*$J9Y'#"&=98J$J9U&5LSBK(U6&R)9S7M$>Y%'.\.X]T7S;:M4ZGE7I+2FVA?GCQ M$PXWA]SAX=QX:08!"TN2;U^ERJZ&_.I2>%.UR:?9Y S>5DP_O'(%:*UH+13G M&!'#C'4DR@UETYGG8\QZR*<8Z:*ZX5!,-0;(C,GPPP-*[@Q@2CZ"BX&ZY<"K M+J-@KY%A8RBVB R..2^Q6QDO%LI %',L0HKA9,$HXQ+34J0=#._P;AH0#K"[)D 0T92^M@HC@>.:B M.Q$&_?@,:V@W:KW!KF:) M\^QWQ65<=LRA)4-^$V93$)BJHTYG:5QAJB M O9@C[JWW9WWL97[/FJ%:U;QK44&=PL\T'2^B+K59>=IV^RE^23TZ42P2S'LSF-RX-OX'*R(] MF0[2UQ?0/JWY^=R.VV!U^,K 59(P@?6X#):L]TB\L[QDIBJ7!6A9$[P)I%MG M#M(V8 FCG(+0CZ84CT5= ;#T:!AAZ5'!Y'S&C"F .Z'B7 XV*9.14B% 2 73 M@+U1'%;H46'_A2W 7.J\QCLM516.Y( @PY8E^%2H^VR4L\.]8K0R[4T%9:21Q91RFV[N"U M3S@3(8$3+#A+U.";%D48 I62S%$SQIYGT\$)F/_$,3H2!0V;.?R)"J+*2F"S M"*0:$YX13,QS\&)0\>C]QK]F%,WQ5HY?J^C M_8KV8WDG>((G>!G8?,JB@Q([5G2F0IU70]S,6 M0P^!1= $OW+6V1RGX*=X?9EX<2SKXW/7AI@<4UNU#!V/^*+7.*C MZ6-7H $31KM$B]"]LH ) $]XZ9^X$Z$5(#5I(05BL!Y^8DJ2J'"^!!W2J^N MR:5K$E7B@&K%6P0(!7DF:C;5%[O MT1OHM?$)#M&;RDCZ4EW'!+AN%3 @O>*%>(!--+(RW\*,"YFDP:@0KN"*H$ZZ M@&Y\3)?X)290Y@8&%F#,M"TJL,,Y"/F5C7 <\CD+!O8PI)""NCV&0A+ 0PH M3I5XXQ+9R>B5D5JO8B,5QT@:^&E,@#1/Q0D(%,D-FO65DD,F;NG7FBXO6*E' MY6$BK3@0*4C:&:/.%=3G9&QR><%+-X8IJMG((ZN=_U0W#G'D1#(1GE'V'64. M51*P)HQ(->0(0).MX5_ >ES#BGS, MP)*=[T2'A(R%8 L^[O)I-#50',"'XES7;/5YRX.[>.!_#]C]Z"-L^92*'E_" ML1Z_,GX7##9>5W6D=2%@ACTVDS+Y\:TC3PT@;*KL.$ /0+E3/"_"\ 3L('+Q MB*'A'MZ:.0#:F+EPFSJH^%H6FXG.172]_0X:+OR%5>Q$X?Z;*0!MF2" P"G$ MBU9+ 0P]@F!J?H-#&9,D-80!T7DJ!6IQ;D6F([6[I":7RLJ?3)U@W& 4 QODN5W"8 MO#)PP0:MV-"67)FRE6$"Y02"(]$:^LT56L,*7$HM+SZ?FL"@B1&&,B]D"\\X MANNY5YF_$H"2I8G4-K2!:UH]-=<"Q1\.,3(+ZJPEFUIIG) 4!6P!@Y6*APX/ M)L@N##03.)2KS(6=CYAM,CCQ G'(?7/*GCW_&X$P)1S@P,G#((NPD+02[#B3 MC#'AP'A]:S*7AS@*A+W2B,TC"'"$C*^J%MFV3MMF!H4E9+71R>"Y^%MQ?0>8.)%EPR\W>*-2QN\%!PZ-8:9WBM2=858 <-2=D+9+_O$"XA M+PK4.@$A8EY]((%MA9VXJ:%X13,<^CSXEEZ?6%Y:1,C J)P!*)^L_[#/"G'Q M-L9[EDC_W$5=&Q"/\]:$;* V65DC13,<= L _KAX-$USZ$HV;8^$H]B)FMR:>)PH\2(P9( 6,J:/W:HYI MH2 "*!)G%T2X:;# &6/M2=3V$H0C<$/$(R=;>PP1)?BZ\K O4+"PH K:Q=;I M:\'.=KUO*Y4H<>:W#Q__\2;&O89Z]$QZ(,G13H,?^=^\=D3!ZIVYG=D MVXW??$@DSDN0=SC(.UD$::B6\5:,&[QE&&)'G#"%']7+*TLHKY0S!4@B")T> M)R6.%=1X2$K[2BNR.D^3IB3D]JB3F<&DIB02N"#F9*^1JJ&/9)JZ($4GWZS' M.'7,#,15Y3,'VU30A3,7EYXEI1K16E432]":)JY=["/X7>IA&N\;,LN,8BLQ M1W,R*+=7>-L;+H9^'*T[;[E.R(?$#*^"KJCG:*-74TI[(I>0'"FN%5W\%![R MX5QN =S6\E">%)Q?/X!RPA+'6[4_)=^24'DL8YKN HE/W\ M987VDB1 QXZK0R&8YJ+P*ZP"[=X*J\ '.'?"Z/B>3F,0R]CW))7>RXB [ @$ M<;:5E5$>"3-<.MEB!M>3M6I)-+'B^8P1(V:+$FUR&- \AV>(O B>&$8H*R;6 MNI46R?0[DAC% 5)]L86BNZ$AMCQZ*\V921E_Y6W,?!3FLUE@^7PHY718A6@\ MB4$+;NR0S+I8=:0IWH6QVVMQ5H7$IX2I"#]\!;50=HV,CI@24BYLW&:JG7AX MA/E%^.EC-]H8I+1_F0%7^A=CG8N+TA4 MV%0U1$VG+Q1WUTU W%E1=H)@E$W@-G:<6MJ:MQ[=BX4GTW&7C$NH7"U<2>;06PACR=\@L[*Y]/DZJFBF?[U:;B#] MH]TLNG$QK=,E\8&B"(!P3<3V>]TH/A=*N4G&:3-,/-5"Y8JCME.5<9/R28L& M]KBWI6H_K;EUZ36\P"B[S!(>XO6?5H0JK^*72WP58.0^4L6]_X$'<-N;SOWHD^>./Z$C[88.R_GR MW-7;^ T8<;QVQ#2N^8H6+1SB296UBNPQR#!!5A)2YR#.G!AG@K4F+CGI\K0< MDT^13?E,9Y"4[*/8E*]S)(O[5C1%?[U%7]@42!!O2 MX9915MDL88^COA1 ).(CW\OPR,?$18ZBWF,2+'F1/,-Y94@$& H#AK9F<09 MKM#14G&0C?X@N$:%Z5B8)A5F0?W\_0&4',F(Q@$'1^Y#<+= MXVEO(B.2X4YOJLV(+0*>RT*LXI$M#L?^, VORD%"ROT5HZ C:1OU*=;EL^=> M31?'S1S#EW4?X@&XLOC+)SB&(H% 'Y ,+YQ&D4OL>I&':QX[&4M"(4=P]RCW M22V)8[$PXPS&GZ\ ;/7BOFIIJC+@BKH>R:B+S-%4]DIJJ%C34 DJBK#CIY;B MS*60+LTJIJS^H[M?O!D3D<*G]8V4B\8?2:Q6S"5A'-XHEM%=[QE#Y@+/>2*) MQ".[Y+.+:8O1$)0?CK3\#"SDO>F:\)>;,*1'%9"TK$S"O4W9A\K@@B[B>(?( M&9;$)\44$\<@Z]02I)S6,E*1$C0&A'2>D#+2H*/F9@J@( M"AOI'4U&)'YH*1":?0E.U0CK&\#&F$Y->O@LD-LBN2(*KA0A[$SS1:+XDCPF M@" E-3.[1))^K">3P*5EC&DW"<4+6CS,CC':5W!9-D2!6$H13D)@NL6H4482 MU 4E=4_13*46:E2ZT&+"58P:[2)RM>M/,&CT$/,1-Y,':Z*V 18EL%6R8^PQ MH5!6+/$V\ST[LF*; "@/>)]9L6&@EF0X).D (H4ZFJ%F0J7SI$86AUN*<& 8 M2WCJ VU""N(U4$4AB!P^BDW"!/>U<4/!#JE5B_=CA\V4T5?(Z\PP]/DP"J4< M05,,4[H?,@S /@.\ 8+!%Y$.,(!)3%W<%Q\%9(YD&< MR;ARF?4?L%'DB!F#B9GTOTJFQ? 7A\P^^L/D%A8PQYHM*M\8]AE/D;E+0>*= M$[YM.97@YP*(H9(M,""$+$M/G#W+4'L>JXW8,RS69(4--D0GD,(=C(%QZV)# MZ'H@5[F%6*[!P@)KPNS(4<8"'0X>5,;&+$!N8/LM.B/FV&?B!E2!"$);6C@& M2=LV2?P8MY^$+B34G7765=T5%6V.X4+/'H60K# I;+H,%V]/P,I-'./U)95A M<+EY2"X6!L+2$$:R=B.]^*(A['2O>V=!\"G?$(8BP>4" Z>3463,FF,*^=3+ MRFS,3H%,&)*RX<>3!8E>* +]U"E .]Y0E%H0T:)QN*3>F"^TQUNS5 M>CMW>RZ#I?A[GNVJJ?MX+NP#4G/RF M*E07[_QL+'&!H6^\3JUW[^E?4N8\UR++9'>LX[?Q/28E'B1Y-6OUSN ,T7,V M"&[5^O4B$5QIR96 =C#6&\W:H+NK6:<,A_@'VZ3>H%]^5E)IR:4CG5:G5F^< MXS7_0VU2M]:M5UIR648XN2I8WA%.CIJ3WU2Y:\F@'#>:NWJJSXL6#E*C]O$[ ME@$]%8(K/;42D7)3@5JU;K]YAFS@A]JD>JT[. -64NFII2.=5K\ZW^7?I,YY MG.]*3SWOA5T :DY^4QURSA^I7'YQ& 5(J@W&W M/);#H%MK%^HQJ+:Z-%O=JM4'[>->RJ]%58SXJ^1?SE:IG4E"ZKJ$TN5.W7%- M_@O-/J6:$.9,]&9/=VT@4+06[4G9$JT/@:Q6I-5I*[Q,6Y5Z6@;N>9;ID%7J MZ?%P7:6>YK#-91"0SGE%QU.*"DX]U201]-_]5+^N-X2^%'I& ZOO345!*']7 M9:G*6R8<]E>$&/)HOJXH[*#3NH&@$'T_: M.)*$49WALH6VE'>$"T'P9=W"U0'>/8>J7:C#N;PC' G!C?,XP*6YA-ME.<(_ M4MQ)X:)BM4EGL$DGE@6J^R-+2^Y6-W3!&!YTS^-:*_H1MK%1+GYGIA_,E MS_DFZ=MX27DYW>/7BOB1KH>7N;&)0Z"H]OB\XR%/H6"](AJJTLF->47%;DVTG%U3X[WJC%@<#^*FY9_%(W!WHE^ M9Q<8-"E62MW>94>MN6'ST0@[&B(HLG$D]F>C'C34^P6[T&#+- OE1GH"V]G, M58OHI'L,#4MAE;+)C\HN,9;HKNY+%TI:J^WM@NT1"K[S<;C;=XUV(J&K4[WNW@5:%X>5IS M.JW:H-[-?0N.:=NI"")G@FCV6F="$&=LC7H WA>%'N@XU+=^64\Y)]GON+$. MO>L26*"K2E\K]Z=;[OTYGKA5P+(2(PD\*'O%!\9+93!YA4ZRM.$#F4E9:/68 M=^>1[LM&N];I=$Y/[Z6ID'^)>]RJ]3N-,N_Q&0M"'V5O[I%A34QW3$W%*R%H M(TVV:NU&3J6&+X+M5$6%CN5&A[,Y%$XH[)M.OIJQR_^SLR'GQXO). 3MC5YM MT*L*ZY5\DW(4%"XM_$9S[TJ]):6V4'VR^ F'FT/N\'!NO#2#@(4EB?>J0C56 M0WYU*;RIVN33;'(&;RNB/MG.P36KXW0^L!'S?6;# #?(I8(;U_XD.1=GP07& MZ-P83Z83F2$6*3,Q5,9T+69,3!&A,V3,)7D0R-5&%Q],9X[9%) -(J/#V1-6 M-:,&?U//9T"@WY@SQY@>ET1)"NY!ZY4M$:M?"70/&,_<<>C9(8.9 $*0.Z^+ M1TJO*HYV>J9]EA$F531/%1;VLBB;V7$.[4>L-=K5,G&?)K7.).RR+-;J\(YP< M-<>[Z@LX\DH[3;2GTKC3CLF-CU5FKEOKM\ZQ4O\/LT7]?JW?W374]8SNO4-P MDV'5.3HI_TB.HI>Y\HM#("F)9^52]SE/IE/,-E^,C,."TL4B5*ZDRE]8;?)Y M^PMWK&;+?R ;^PHA<+@;^_>'#"\-F%I^:3H".I5^;]7JRM 68B@3YEC^Q M_2!N- :G ?GQ&3UM>Z)Y,&CF"72&>[@(TL@5T5O#? AMM%LG ?EHM('%0M[' M[< ^L,#R^8S4LVV#"!XGZ!^?FMS%4A@N+L/ &FEZ^2/NAEY<02W$$ 7E?N

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end