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Notes and Convertible Notes Payable - Summary of notes payable and accrued interest (Details) (USD $)
Dec. 31, 2014
Dec. 31, 2013
Debt Instrument [Line Items]    
Notes payable and accrued interest $ 251,748fxit_NotesPayableAndAccruedInterest $ 807,324fxit_NotesPayableAndAccruedInterest
Rasel Notes Payable and Accrued Interest [Member]    
Debt Instrument [Line Items]    
Notes payable and accrued interest 73,282fxit_NotesPayableAndAccruedInterest
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= fxit_RaselNotesPayableAndAccruedInterestMember
[1] 145,847fxit_NotesPayableAndAccruedInterest
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= fxit_RaselNotesPayableAndAccruedInterestMember
[1]
Third Party Financier Notes Payable And Accrued Interest [Member]    
Debt Instrument [Line Items]    
Notes payable and accrued interest 33,959fxit_NotesPayableAndAccruedInterest
/ us-gaap_DebtInstrumentAxis
= fxit_ThirdPartyFinancierNotesPayableAndAccruedInterestMember
43,925fxit_NotesPayableAndAccruedInterest
/ us-gaap_DebtInstrumentAxis
= fxit_ThirdPartyFinancierNotesPayableAndAccruedInterestMember
Third Party Financier Note Payable And Accrued Interest One [Member]    
Debt Instrument [Line Items]    
Notes payable and accrued interest 8,592fxit_NotesPayableAndAccruedInterest
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= fxit_ThirdPartyFinancierNotePayableAndAccruedInterestOneMember
[2]  
Blackbridge [Member]    
Debt Instrument [Line Items]    
Notes payable and accrued interest 92,451fxit_NotesPayableAndAccruedInterest
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= fxit_BlackbridgeMember
[3]  
Note Payable To Vulcan [Member]    
Debt Instrument [Line Items]    
Notes payable and accrued interest    [4] $ 520,000fxit_NotesPayableAndAccruedInterest
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= fxit_NotePayableToVulcanMember
[4]
[1] Convertible Notes Payable On October 6, 2009, the Company signed a note payable for $25,000 to Rasel Ltd due on October 6, 2010, bearing interest at 4% per annum. The proceeds were used to pay for half of existing accounts payable for legal fees incurred at the Company's inception. On October 20, 2009, the Company signed a note payable for $50,000 payable to Rasel due on October 20, 2010, bearing interest at 4% per annum (collectively, the "Rasel Note"). These proceeds were used to pay for startup costs, audit fees and future expenses. On January 22, 2010, the Company signed a note payable for $50,000 payable to Rasel due on October 30, 2011, bearing interest at 4% per annum. These proceeds were used for working capital and expenditures. On January 22, 2010, the Company signed an amendment to extend the maturity date of the promissory notes in the amount of $25,000 and $50,000 dated October 6, 2009 and October 20, 2009, respectively, to October 30, 2011. On March 2, 2011, the Company and Rasel agreed to extend the maturity of all notes to December 31, 2012, in consideration of adding a conversion feature to the notes with either a 5% discount to the market price or a fixed price of $0.60. The extension of maturity was effective as of December 30, 2010. The balance of the notes as of September 30, 2014 and December 31, 2013, was $74,969 and $145,847. About 50% of the note balance at December 31, 2013 ($73,812.50) was paid off in 2014 by Financier 2. The remainder of the note is currently in default since the beginning of 2013; and the Company will attempt to reach an amicable settlement with the counterparty. The Company has accrued $2,935 of interest expense in 2014.
[2] Third Party Note Payable On May 13, 2014, the Company entered into an agreement with a third party financing source ("Financier 2"), for the issuance of an 8% convertible note in the principal amount of $147,625 (the "May 2014 Note"). In conjunction with the issuance of the May 2014 Note, an existing note holder (Rasel, owner of the Rasel Notes) agreed to have the proceeds of the May 2014 Note used to offset the amounts owed to them as evidenced by the Assignment of Convertible Debenture agreement dated May 12, 2014, between the holders of the Rasel Notes and Financier 2. The Assignment of Convertible Debenture agreement calls for the Financier 2 to make two payments of $73,812.50 each to the existing note holder (Rasel Notes). On May 13, 2014, the Financier 2 made the first payment to the existing note holder (Rasel Notes), however, Financier 2 defaulted on their obligation to make the second payment per the Assignment of Convertible Debenture agreement. As a result, Forex and Financier 2 have mutually agreed to release Financier 2 from its' obligation for the second payment, and the other half of the note in the amount of $73,812.50 reverted back to Rasel. The May 2014 Note bears interest at the rate of 8% per annum. All interest and principal must be repaid on September 1, 2014. The May 2104 Note is convertible into common stock, at Financer 2's option, at the greater of a 42% discount to the average of the three lowest closing bid prices of the common stock during the 10 trading day period prior to conversion or $0.0001. Financer 2 has agreed to restrict its ability to convert the May 2014 Note and receive shares of common stock such that the number of shares of common stock held by them in the aggregate and their affiliates after such conversion or exercise does not exceed 4.99% of the then issued and outstanding shares of common stock. As of the date of the May 2014 Note, the Company is obligated on the Note issued to Financer 2 in connection with the offering. The May 2014 Note is a debt obligation arising other than in the ordinary course of business, which constitutes a direct financial obligation of the Company. The Company claims an exemption from the registration requirements of the Securities Act of 1933, as amended (the "Act") for the private placement of these securities pursuant to Section 4(2) of the Act and/or Regulation D promulgated there under since, among other things, the transaction did not involve a public offering, Financer is an accredited investor, Financer had access to information about the Company and their investment, Financer took the securities for investment and not resale, and the Company took appropriate measures to restrict the transfer of the securities. During the nine months ended September 30, 2014, Financier converted 322,000,000 shares (64,400 shares on a post-split basis) at an average valuation of approximately $0.00021 per share ($1.05 on a post-split basis). There is currently a balance on the note of approximately $7,635.
[3] Convertible note payable to Blackbridge On June 16, 2014, the Company entered into a set of agreements (collectively, the "Blackbridge Agreement") with Blackbridge, a financial services firm. The Company and Blackbridge were discussing an equity line of credit, and the Company agreed to pay Blackbridge a commitment fee of 90,000,000 shares (18,000 shares post-split), and also issued a convertible note for $90,000 having a 5% interest rate that matures on December 16, 2014. The note can be converted after the maturity date. The conversion price is 90% multiplied by the market price, which is defined in the agreement as the lowest of the daily trading price for the common stock during the twenty (20) trading day period ending on the latest complete trading day prior to the conversion date. The Company computed the fair value of the conversion feature at the commitment date, based on the following management assumptions: The fair value of the embedded conversion option on the commitment date was $6,314. The Company recorded a related debt discount of $6,314, which is amortized over the life of the debt. For the nine months ended September 30, 2014, the Company amortized $3,657 of debt discount. At September 30, 2014, the Company remeasured the derivative liability and recorded a fair value of $10,000. As a result of the remeasurement, the Company recorded a change in fair value associated with this derivative liability as an expense totaling $3,686 for the nine months ended September 30, 2014. The following management assumptions were considered: The Company does not believe that the debt is valid, but has accrued the notes on its financial statements to be conservative. The reason that it does not believe the Blackbridge Agreement to be valid is that the parties agreed at the time that the Blackbridge Agreement was signed that it would take 90-120 days to file an S-1 to register the shares needed for the equity line of credit and that such commitment fee would not be payable until such time. The Blackbridge Agreement states, however, that the Company has only 60 days from the date that the Agreement was signed to file an S-1 to register the shares, which the parties agreed was an impossible requirement to meet. The failure to meet that requirement was an event of default in the Blackbridge Agreement, and the counterparty, which could terminate the Blackbridge Agreement at its sole discretion, did not grant a waiver of this clause, despite knowing that that requirement was unrealistic, particularly given the Company's thin cash position. The inability to register the shares within the required timeframe guaranteed the default of the Company under the Blackbridge Agreement from the outset. As such, the Company believes that said Agreement is null and void, because it lacked the capacity to perform under the Blackbridge. If the Company does not satisfy Blackbridge, the counterparty may litigate against the Company. There is the potential, though not the likelihood, of litigation in this dispute.
[4] Convertible Note Payable On January 7, 2013, effective December 31, 2012, the Company, JV and Vulcan entered an agreement pursuant to which the JV Agreement was terminated, the Company issued to Vulcan a 4% convertible promissory note in the principal amount of $500,000 (the "Forex Note") and Vulcan issued to the Company a 10% Secured and Collateralized Promissory Note in the principal amount of $400,000. The Company recognized a debt discount in the amount of $100,000 for the difference in the face value of the note issued and the note received from the same party. The face value of the note payable is shown net of the debt discount. This debt discount will be amortized over the one-year life of the note. The note has a maturity date of December 31, 2013, and can be extended by the Company for an additional one year at which point the 4% interest rate will increase to 10% per annum. The Forex Note may be prepaid without penalty. The Forex Note conversion price is the Variable Conversion Price, which is defined as 50% multiplied by the average of the lowest three trading prices of the Company's common stock on the OTCBB during the 10-day trading period ending on the latest complete day of trading on the OTCBB prior to the date of conversion. The Variable Conversion Price cannot be less than $0.002 ($10,00 on a post-split basis). At no time will Vulcan convert any amount of the Forex Note into common stock that would result in Vulcan owning more than 4.99% of the common stock outstanding of the Company. As of December 31, 2013, the entire debt discount has been amortized in the accompanying financial statements, and $20,000 of interest expense was accrued during the year ended December 31, 2013. Another $37,500 of interest expense was accrued in the nine months ended September 30, 2014. The Company is negotiating an offset of the Forex Note against the note receivable from Vulcan as final satisfaction, and will recognize a gain or loss on its financial statements at that time.